Amendment to Visteon Corporation Deferred Compensation Plan for Non-Employee Directors
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Summary
This amendment, approved by Visteon Corporation's Board of Directors on March 27, 2009, updates the Deferred Compensation Plan for Non-Employee Directors. It revises the definition of "Exchange" to clarify where the company's stock is traded and removes the phrase "regular way" from several sections of the plan. The changes are intended to update and clarify the plan's terms for non-employee directors participating in the deferred compensation program.
EX-10.7.1 6 k47622exv10w7w1.htm EX-10.7.1 EX-10.7.1
Exhibit 10.7.1
AMENDMENTS TO
VISTEON CORPORATION
DEFERRED COMPENSATION PLAN FOR
NON-EMPLOYEE DIRECTORS (the “Directors’ Deferred Compensation Plan”)
VISTEON CORPORATION
DEFERRED COMPENSATION PLAN FOR
NON-EMPLOYEE DIRECTORS (the “Directors’ Deferred Compensation Plan”)
As approved by the Board of Directors on March 27, 2009, paragraph (h) of Section 2 of the Directors’ Deferred Compensation Plan shall be amended to read as follows:
(h) “Exchange” means the principal securities exchange on which the Company’s stock is traded or the over-the-counter market if the Company’s stock is not traded on a securities exchange.
As approved by the Board of Directors on March 27, 2009, Sections 4(b), 6(a), 7(c)(1) and 7(c)(2) of the Directors’ Deferred Compensation Plan shall be amended by deleting the phrase “regular way” everywhere it appears therein.
