<SEC-DOCUMENT>0001062231-19-000015.txt : 20190308
<SEC-HEADER>0001062231-19-000015.hdr.sgml : 20190308
<ACCEPTANCE-DATETIME>20190308161632
ACCESSION NUMBER:		0001062231-19-000015
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20190308
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190308
DATE AS OF CHANGE:		20190308

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN AXLE & MANUFACTURING HOLDINGS INC
		CENTRAL INDEX KEY:			0001062231
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				383161171
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14303
		FILM NUMBER:		19669279

	BUSINESS ADDRESS:	
		STREET 1:		ONE DAUCH DRIVE
		CITY:			DETROIT
		STATE:			MI
		ZIP:			48211-1198
		BUSINESS PHONE:		3137583600

	MAIL ADDRESS:	
		STREET 1:		ONE DAUCH DRIVE
		CITY:			DETROIT
		STATE:			MI
		ZIP:			48211-1198
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>axlform8-klti.htm
<DESCRIPTION>8-K
<TEXT>
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<div><a name="s6524EEF710A6B920BBE154CBB749CB79"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font><font style="font-family:inherit;font-size:14pt;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WASHINGTON, DC 20549</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">FORM 8-K</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CURRENT REPORT PURSUANT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TO SECTION 13 OR 15(D) OF THE</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECURITIES EXCHANGE ACT OF 1934</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Date of report (Date of earliest event reported</font><font style="font-family:inherit;font-size:10pt;">): March 4, 2019</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:20pt;"><font style="font-family:inherit;font-size:20pt;font-weight:bold;">AMERICAN AXLE &amp; MANUFACTURING </font></div><div style="line-height:120%;text-align:center;font-size:20pt;"><font style="font-family:inherit;font-size:20pt;font-weight:bold;">HOLDINGS, INC.</font><font style="font-family:inherit;font-size:20pt;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Exact Name of Registrant as Specified in Its Charter)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Delaware</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(State or Other Jurisdiction of Incorporation)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:48%;"></td><td style="width:4%;"></td><td style="width:48%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1-14303</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38-3161171</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Commission File Number)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(IRS Employer Identification No.)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">One Dauch Drive, Detroit, Michigan</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">48211-1198</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Address of Principal Executive Offices)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Zip Code)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;(313)&#160;758-2000</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Registrant's Telephone Number, Including Area Code)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Former Name or Former Address, if Changed Since Last Report)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">see </font><font style="font-family:inherit;font-size:10pt;">General Instruction A.2. below): </font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160; Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425) </font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160; Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&#160;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:3px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div></div><hr style="page-break-after:always"><div><a name="s92A2F6DB0E271366FC6F54CBB7872552"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 5.02 </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 4, 2019, our named executive officers were granted long-term incentive (&#8220;LTI&#8221;) awards under the American Axle &amp; Manufacturing Holdings, Inc. (&#8220;AAM&#8221;) 2018 Omnibus Incentive Plan (the &#8220;2018 Plan&#8221;). In approving the 2019 LTI awards, the Compensation Committee of the Board of Directors of AAM determined that 66% of LTI awards would continue to be performance-based in order to drive superior performance that is aligned with AAM's business strategy. Consistent with the 2018 performance-based LTI awards, one-half of the awards are based on relative total shareholder return ("TSR") and one-half are based on free cash flow performance. The portion related to relative TSR is denominated and settled in AAM stock and currently has a maximum payout at target if TSR over the performance period is negative even if, on a relative basis, target performance is exceeded. The portion of the 2019 LTI award related to free cash flow is in the form of a performance unit that is denominated in dollars and settled in cash. As in 2018, the remaining 34% of the 2019 LTI award value is in the form of restricted stock units.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The foregoing description of the terms of the 2019 LTI awards does not purport to be complete and is qualified in its entirety by reference to the forms of award agreement attached hereto as exhibits 10.1 through 10.3 and incorporated herein by reference.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2</font></div></div><hr style="page-break-after:always"><div><a name="s397CD842D1B07274394F54CBB7D5898C"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;-sec-extract:summary;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 9.01 Financial Statements and Exhibits</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Exhibit No.       Description_______________________________________________________________________________</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:16px;text-align:left;padding-left:90px;text-indent:48px;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="formofperformanceunitaward.htm"><font style="font-family:inherit;font-size:10pt;">10.1</font></a><font style="font-family:inherit;font-size:10pt;">Form of Performance Unit Award (Free Cash Flow) for Executive Officers under the 2018 Omnibus Incentive Plan</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:16px;text-align:left;padding-left:90px;text-indent:48px;font-size:10pt;"><a 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style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></div><hr style="page-break-after:always"><div><a name="sF670EFA482475C9400C554CBB7F55567"></a></div><div></div><div><br></div><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SIGNATURES</font><font style="font-family:inherit;font-size:10pt;">&#32;</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. </font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:6%;"></td><td style="width:31%;"></td><td style="width:4%;"></td><td style="width:1%;"></td><td style="width:50%;"></td><td style="width:8%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">AMERICAN AXLE &amp; MANUFACTURING HOLDINGS, INC.</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">March 8, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ David E. Barnes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">David E. Barnes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vice President, General Counsel &amp; Secretary</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4</font></div></div>	</body>
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<TYPE>EX-1
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<FILENAME>formofperformanceunitaward.htm
<DESCRIPTION>EXHIBIT 1
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<div><a name="s2E868153443A396ADDAB58D1D4F091E6"></a></div><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">AMERICAN AXLE &amp; MANUFACTURING HOLDINGS, INC. <br>2018 Omnibus Incentive Plan</font></div><div style="line-height:120%;padding-bottom:14px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Form of Performance Unit Award Agreement: Free Cash Flow</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">You have been selected to receive a grant of Performance Units under the American Axle &amp; Manufacturing Holdings, Inc. 2018 Omnibus Incentive Plan as stated below:</font></div><div style="line-height:138%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Participant: </font></div><div style="line-height:138%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Grant Date:</font></div><div style="line-height:138%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Number of Performance Units (Target Award Opportunity): </font></div><div style="line-height:138%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Performance Period: </font></div><div style="line-height:138%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Final Acceptance Date: </font></div><div style="line-height:120%;padding-bottom:14px;padding-top:16px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">THIS AWARD AGREEMENT (the &#8220;Agreement&#8221;), is made effective as of the Grant Date (shown above) between American Axle &amp; Manufacturing Holdings, Inc., a Delaware corporation (the &#8220;Company&#8221;), and the Participant.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">RECITALS:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:Arial;font-size:11pt;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Company has adopted the American Axle &amp; Manufacturing Holdings, Inc. 2018 Omnibus Incentive Plan (the &#8220;Plan&#8221;). The Plan is incorporated in and made a part of this Agreement.  Capitalized terms not defined in this Agreement have the same meanings as in the Plan; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:Arial;font-size:11pt;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Compensation Committee of the Board of Directors (the &#8220;Committee&#8221;) determined that it is in the best interests of the Company and its shareholders to grant an Award to the Participant, under the terms of this Agreement and the Plan; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:Arial;font-size:11pt;">C.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Participant shall have no rights related to this Award unless he or she accepts this Award before the close of business on the Final Acceptance Date (shown above).  A Participant who receives this Agreement in paper format shall indicate acceptance by signing and delivering a copy of this Agreement to the Company. A Participant who receives this Agreement electronically through the Merrill Lynch website shall indicate acceptance as instructed at www.benefits.ml.com.   The Final Acceptance Date may be modified, in the sole discretion of the Company, upon written request of the Participant.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The parties agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:14px;text-align:justify;text-indent:48px;"><font style="padding-bottom:14px;text-align:justify;font-family:Arial;font-size:11pt;font-weight:bold;padding-right:48px;">1.</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Grant of the Award and Performance Period</font><font style="font-family:Arial;font-size:11pt;">.</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;">The Company grants to the Participant, on the terms and conditions of this Agreement, a Performance Unit award (the &#8220;Award&#8221;) with a target opportunity as specified above (the &#8220;Target Award Opportunity&#8221;), with each Performance Unit being equivalent to a fixed amount of $1.00, for the Performance Period specified above.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Performance Measure and Performance Goals</font><font style="font-family:Arial;font-size:11pt;">. The performance measure for this Award shall be the Company&#8217;s Free Cash Flow (&#8220;FCF&#8221;).  FCF is defined as net cash provided by operating activities less capital expenditures net of proceeds from the sale of property, plant and equipment, subject to adjustment by the Committee. The performance goal shall be based on the three-year cumulative FCF over the Performance Period.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Payout Matrix</font><font style="font-family:Arial;font-size:11pt;">.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">1</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Participant shall earn the percentage of the Target Award Opportunity that corresponds to the achieved performance goal for the Performance Period as set forth below:</font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:92.85714285714286%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:34%;"></td><td style="width:33%;"></td><td style="width:33%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Achieved Performance Goal</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">3-Year Cumulative Free Cash Flow</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">% of Target Award Opportunity Earned</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">No Payout</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Less than $[ ]</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">0%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Threshold</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">$[ ]</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">50%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Target</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">$[ ]</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">100%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Maximum</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">$[ ] or higher</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:14px;padding-right:2px;"><div style="padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">200% (capped)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Linear interpolation shall be used to determine the percent of Target Award Opportunity earned above the Threshold or below the Maximum, in the event that the Company&#8217;s three-year cumulative FCF falls between the percentages listed in the chart above. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">4.&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Determination of the Award</font><font style="font-family:Arial;font-size:11pt;">. Subject to the Plan and this Agreement, the number of Performance Units earned by the Participant for the Performance Period shall equal the product of (a) and (b) where (a) is equal to the Participant&#8217;s Target Award Opportunity and (b) is equal to the percent of Target Award Opportunity earned as determined in Section 3 above. Performance below Threshold shall result in no payout to the Participant, and performance above Maximum shall result in a payout capped at the Maximum. The Committee shall have the sole authority to calculate the Participant&#8217;s earned Award.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Form and Timing of Award</font><font style="font-family:Arial;font-size:11pt;">. Subject to the approval of the Committee, payment of the Participant&#8217;s earned Award, if any, shall be made in cash, in a single lump sum, in the following manner:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Timing</font><font style="font-family:Arial;font-size:11pt;">:</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;">Each Performance Unit earned by the Participant pursuant to Section 4 shall be settled by payment of $1.00. The Participant shall receive payment of his or her earned Performance Units no later than the fifteenth (15th) day of the third month following the end of the Performance Period (the &#8220;Payment Date&#8221;), provided that the Participant has been continuously employed by the Company through the end of the Performance Period, until and including the Payment Date.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Impact of Employment Termination</font><font style="font-family:Arial;font-size:11pt;">:</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;">If the Participant&#8217;s employment is terminated during the Performance Period due to death, Disability, or Retirement, or by the Company other than for Cause, then the Participant shall be entitled to be paid a pro rata Award, as determined under this subparagraph (b). The pro rata Award shall equal the product of (x) and (y) where (x) is the Award the Participant would have earned based on Target performance and (y) is a fraction, the numerator of which is the number of calendar months that the Participant was employed by the Company during the Performance Period (with any partial month counting as a full month for this purpose) and the denominator of which is the number of months in the Performance Period. Any payments shall be made as soon as is practical following such payment determination but no later than the fifteenth (15th) day of the third month following the end of the quarterly reporting period that includes the date of termination of the Participant&#8217;s employment.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Impact of a Change in Control</font><font style="font-family:Arial;font-size:11pt;">:</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;">Subject to Section 23.1 of the Plan, if a Participant (x) has in effect an employment, retention, Change in Control, severance or similar agreement with the Company or any Subsidiary or (y) is subject to a policy or plan of the Company or any Subsidiary that, in the case of either (x) or (y), discusses the effect of a Change in Control on a Participant&#8217;s Awards, then </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">2</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">such agreement, plan or policy shall control.  In all other cases, unless provided otherwise by the Committee prior to the date of the Change in Control, in the event of a Change in Control:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;text-indent:144px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(i) If the Change in Control occurs prior to the end of the Performance Period, the Performance Units shall be deemed earned as if the Target performance goal was achieved.  If the Change in Control occurs after the end of the Performance Period but prior to payment of the Award, the Performance Units will be earned based on actual performance during the Performance Period. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;text-indent:144px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(ii) If a Successor so agrees, some or all outstanding Awards shall be assumed, or replaced with the same type of award with similar terms and conditions, by a Successor in the Change in Control transaction. If applicable, each Award that is assumed by a Successor shall be appropriately adjusted, immediately after such Change in Control, to apply to the Award that would have been issuable to a Participant upon the consummation of such Change in Control had the Award been earned immediately prior to such Change in Control, and other appropriate adjustments in the terms and conditions of the Award shall be made. Upon the termination of a Participant&#8217;s employment with a Successor in connection with or within twenty-four (24) months following the Change in Control for any reason other than an involuntary termination by a Successor for cause or a voluntary termination by the Participant without good reason (as cause and good reason (or analogous terms) are defined by an applicable employment agreement or a change in control plan or policy (including, without limitation, the AAM Change in Control Plan) or, if not applicable, the policies generally applicable to employees of a Successor), all of the Participant&#8217;s Awards that are in effect as of the date of such termination shall vest in full as provided in Section 5(c)(i) effective on the date of termination.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;text-indent:144px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(iii) To the extent a Successor in the Change in Control transaction does not assume the Awards or issue replacement awards as provided in Section 5(c)(ii), then, unless provided otherwise by the Committee, immediately prior to the date of the Change in Control all Awards that are then held by Participants shall be cancelled in exchange for the right to receive a cash payment equal to the product of (x) and (y) where (x) is the number of Performance Units earned as provided in Section 5(c)(i) and (y) is a fraction, the numerator of which is the number of calendar months that the Participant was employed by the Company during the Performance Period (with any partial month counting as a full month for this purpose) and the denominator of which is the number of months in the Performance Period </font><font style="font-family:Arial;font-size:11pt;font-style:italic;">multiplied by </font><font style="font-family:Arial;font-size:11pt;">&#32;$1.00.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Any payments shall be made as soon as is practical following such payment determination but no later than the fifteenth (15</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:Arial;font-size:11pt;">) day of the third month following the end of the quarterly reporting period that includes the date of the occurrence of a Change in Control. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Forfeiture</font><font style="font-family:Arial;font-size:11pt;">. Except as otherwise expressly stated in Sections 5(b) and 5(c), if the Participant&#8217;s employment with the Company terminates for any reason prior to the end of the Performance Period, then the Participant shall not be entitled to the payment of any Award hereunder.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(e)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Definitions</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(i)</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;&#8220;Change in Control</font><font style="font-family:Arial;font-size:11pt;">:</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#8221; </font><font style="font-family:Arial;font-size:11pt;">For purposes of this Agreement, &#8220;Change in Control&#8221; means any one of the following:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:144px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(A) Any person or entity, including a &#8220;group&#8221; as defined in Section 13(d)(3) of the Exchange Act other than the Company or a wholly owned Subsidiary thereof or any </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">3</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:144px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">employee benefit plan of the Company or any of its Subsidiaries, becomes the beneficial owner of the Company&#8217;s securities having 30% or more of the combined voting power of the then outstanding securities of the Company that may be cast for the election of Directors of the Company (other than as a result of an issuance of securities initiated by the Company in the ordinary course of business); or</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:144px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(B) As the result of, or in connection with, any cash tender or exchange offer, merger or other business combination, sale of assets or contested election, or any combination of the foregoing transactions, less than a majority of the combined voting power of the then outstanding securities of the Company or any successor corporation or entity entitled to vote generally in the election of the Directors of the Company or such other corporation or entity after such transaction are held in the aggregate by the holders of the Company&#8217;s securities entitled to vote generally in the election of Directors of the Company immediately prior to such transaction; or</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:144px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(C) During any period of two consecutive years, individuals who at the beginning of any such period constitute the Board cease for any reason to constitute at least a majority thereof, unless the election, or the nomination for election by the Company&#8217;s stockholders, of each Director of the Company first elected during such period was approved by a vote of at least two-thirds of the Directors of the Company then still in office who were Directors of the Company at the beginning of any such period; or</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:144px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(D) The stockholders of the Company approve a plan of complete liquidation of the Company or the sale or disposition by the Company of all or substantially all of the Company&#8217;s assets, other than a liquidation of the Company into a wholly owned subsidiary.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Notwithstanding the foregoing, to the extent that any Award constitutes a deferral of compensation subject to Section 409A (as defined in Section 13 below), and if that Award provides for a change in the time or form of payment upon a Change in Control, then no Change in Control shall be deemed to have occurred upon an event described in subsections (A), (B), (C) and (D) above, unless such event shall constitute a &#8220;change in ownership&#8221; or &#8220;change in effective control&#8221; of, or a change in the ownership of a substantial portion of the assets of the Company under Section 409A.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(ii)</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;&#8220;Disability</font><font style="font-family:Arial;font-size:11pt;">:</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#8221; </font><font style="font-family:Arial;font-size:11pt;">For purposes of this Agreement, &#8220;Disability&#8221; means either of the following: (a) inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months; or (b) by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering Employees.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(iii)</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;&#8220;Cause</font><font style="font-family:Arial;font-size:11pt;">:</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#8221; </font><font style="font-family:Arial;font-size:11pt;">For purposes of this Agreement, "Cause" means (i) neglect of or willful and continuing refusal of the Participant to perform his or her duties with the Company (other than due to Disability), (ii) a breach of any non-competition or "no raid" covenants to which the Participant is subject, (iii) engaging in conduct which is demonstrably injurious to the Company, the Company's subsidiaries or affiliates (including, without limitation, a breach of any confidentiality covenant to which the Participant is subject), or (iv) a conviction </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">4</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">or plea of guilty or nolo contendere to a felony or a misdemeanor involving moral turpitude, dishonesty or theft, in each case as determined in the sole discretion of the Company.  If an employment agreement between the Company and the Participant is in effect or a change in control plan or policy is in effect in which the Participant participates or to which such Participant is subject (including, without limitation, the AAM Change in Control Plan), "Cause" has the meaning, if any, defined therein.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(iv)</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;&#8220;Retirement</font><font style="font-family:Arial;font-size:11pt;">:</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#8221; </font><font style="font-family:Arial;font-size:11pt;">For purposes of this Agreement, &#8220;Retirement&#8221; means the Participant&#8217;s voluntary resignation at any time (i) after attaining age 65, (ii) after attaining age 55 but prior to age 65 with ten or more years of continuous service with the Company or a Subsidiary or (iii) after attaining age 60 but prior to age 65 with five or more years of continuous service with the Company or a Subsidiary.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Beneficiary Designation</font><font style="font-family:Arial;font-size:11pt;">.  The Participant may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Agreement is to be paid in case of his or her death before he or she receives any or all of such benefit.  Each such designation shall revoke all prior designations by the Participant, shall be in a form prescribed by the Company, and will be effective only when delivered by the Participant in writing to the Corporate Human Resources Department of the Company during the Participant&#8217;s lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant&#8217;s death shall be paid to the Participant&#8217;s estate.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">No Right to Continued Employment or Further Awards</font><font style="font-family:Arial;font-size:11pt;">.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">Neither the Plan nor this Agreement shall be construed as (i) giving the Participant any right to continue in the employ of the Company and its Subsidiaries or (iii) giving the Participant any right to be reemployed by the Company and its Subsidiaries following any termination of employment. The termination of employment provisions in this Agreement only apply to the treatment of the Award as specified herein and shall not otherwise affect the Participant&#8217;s employment relationship. Nothing contained in this Agreement shall be deemed to constitute or create a contract of employment. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">The Company has granted the Award to the Participant in its sole discretion.  The Award does not form part of the Participant&#8217;s employment contract, if any.  Neither this Agreement nor the Plan confers on the Participant any right or entitlement to receive another Award, or any other similar award at any time in the future or in respect of any future period. The Award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year, and does not diminish in any way the Company's discretion to determine the amount, if any, of the Participant's compensation.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Transferability</font><font style="font-family:Arial;font-size:11pt;">.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">The Award shall not be transferable other than by will, the laws of descent and distribution, pursuant to a domestic relations order entered by a court of competent jurisdiction or to a Permitted Transferee for no consideration pursuant to the Plan. Any Award transferred to a Permitted Transferee shall be further transferable only by will, the laws of descent and distribution, pursuant to a domestic relations order entered by a court of competent jurisdiction, or, for no consideration, to another Permitted Transferee of the Participant.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">5</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">Except as set forth in the Plan, a Participant&#8217;s rights under the Plan shall be exercisable during the Participant&#8217;s lifetime only by the Participant, or in the event of the Participant&#8217;s legal incapacity, the Participant&#8217;s legal guardian or representative.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">5.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Withholding</font><font style="font-family:Arial;font-size:11pt;">. Subject to the Plan, the Company may require any individual entitled to receive a payment of an Award to remit to the Company prior to payment, an amount sufficient to satisfy any applicable federal, state, local and foreign tax withholding requirements.  The Company shall also have the right to deduct from all cash payments made to a Participant (whether or not such payment is made in connection with an Award) any applicable taxes required to be withheld with respect to such Award.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Notices</font><font style="font-family:Arial;font-size:11pt;">.  Notice under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive offices of the Company and to the Participant at the address appearing in the records of the Company for the Participant, or to either party at another address that the party designates in writing to the other.  Notice shall be effective upon receipt.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">7.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Governing Law</font><font style="font-family:Arial;font-size:11pt;">.  The interpretation, performance and enforcement of the Award and this Agreement shall be governed by the laws of the State of Delaware without regard to principles of conflicts of law.  To the extent any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the remaining provisions of this Agreement shall remain in full force and effect.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">8.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Award Subject to Plan</font><font style="font-family:Arial;font-size:11pt;">.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">The Award is granted subject to the Plan and to such rules and regulations the Committee may adopt for administration of the Plan. The Committee is authorized to administer, construe, and make all determinations necessary or appropriate to administer the Plan and this Agreement, all of which shall be binding upon the Participant.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">To the extent of any inconsistencies between the Plan and this Agreement, the Plan shall govern.  This Agreement and the Plan constitute the entire agreement between the parties regarding the subject matter hereof. They supersede all other agreements, representations or understandings (whether oral or written, express or implied) that relate to the subject matter hereof.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">The Committee may terminate, amend, or modify or suspend the Plan and amend or modify this Agreement; </font><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">provided</font><font style="font-family:Arial;font-size:11pt;">, </font><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">however</font><font style="font-family:Arial;font-size:11pt;">, that no termination, amendment, modification or suspension shall materially and adversely affect the Participant&#8217;s rights under this Agreement, without the Participant&#8217;s written consent.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">9.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Section 409A</font><font style="font-family:Arial;font-size:11pt;">.  </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">The Award is not intended to provide for a &#8220;deferral of compensation&#8221; within the meaning of Section 409A of the U.S. Internal Revenue Code and the final rules promulgated thereunder (&#8220;Section 409A&#8221;) and shall be interpreted and construed in a manner consistent with that intent.  If any provision of this Agreement or the Plan causes the Award to be subject to the requirements of Section 409A, or could otherwise cause the Participant to recognize income or be subject to the interest and penalties under Section 409A, then the provision shall have no effect or, to the extent practicable, the Committee may, in its sole discretion and without the Participant&#8217;s consent, modify the provision to (i) comply with, or avoid being subject to Section 409A, or to avoid the incurrence of any taxes, interest and penalties under Section 409A, and/or (ii) maintain, to the maximum extent practicable, the original intent </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">6</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">and economic benefit to the Participant of the applicable provision without materially increasing the cost to the Company or contravening the provisions of Section 409A. This Section 13 does not create an obligation of the Company to modify the Plan or this Agreement and does not guarantee that the Award will not be subject to taxes, interest and penalties under Section 409A.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;color:#010000;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">If a Participant is a &#8220;specified employee&#8221; as defined under Section 409A and the Participant&#8217;s Award is to be settled on account of the Participant&#8217;s separation from service (for reasons other than death) and such Award constitutes &#8220;deferred compensation&#8221; as defined under Section 409A, then any portion of the Participant&#8217;s Award that would otherwise be settled during the six-month period commencing on the Participant&#8217;s separation from service shall be settled as soon as practicable following the conclusion of the six-month period (or following the Participant&#8217;s death if it occurs during such six-month period). </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">10.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Recoupment</font><font style="font-family:Arial;font-size:11pt;">. The Participant&#8217;s earned Award shall be subject to any clawback, recoupment or similar policy as permitted or mandated by applicable law, rules, regulations or any Company policy as enacted, adopted or modified from time to time.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">11.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Electronic Delivery</font><font style="font-family:Arial;font-size:11pt;">. The Company may, in its sole discretion, deliver any documents related to current or future participation in the Plan by electronic means.  By accepting this Award, the Participant consents to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company, including Merrill Lynch.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">12.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Personal Data Privacy</font><font style="font-family:Arial;font-size:11pt;">. The Participant explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Participant&#8217;s personal data by and among, as applicable, the Company and its subsidiaries for the exclusive purpose of implementing, administering and managing the Participant&#8217;s participation in the Plan. The Participant understands that the Company may hold certain personal information about the Participant, including, but not limited to, the Participant&#8217;s name, home address and telephone number, date of birth, social security number (or any other social or national identification number), salary, nationality, job title and number of Performance Units for the purpose of implementing, administering and managing the Participant&#8217;s Award (the &#8220;Data&#8221;). The Participant understands that the Data may be transferred to the Company or to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in the Participant&#8217;s country or elsewhere, and that any recipient&#8217;s country may have different data privacy laws and protections than the Participant&#8217;s country. The Participant authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Participant&#8217;s participation in the Plan. Furthermore, the Participant acknowledges and understands that the transfer of the Data to the Company or to any third parties is necessary for the Participant&#8217;s participation in the Plan. The Participant may view the Data, request information about the storage and processing of Data, request any corrections to Data, or withdraw the consents herein (in any case, without cost to the Participant) by contacting Corporate Human Resources in writing. The withdrawal of any consent by the Participant may affect the Participant&#8217;s participation in the Plan. The Participant may contact Corporate Human Resources for further information about the consequences of any withdrawal of consents herein.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Headings</font><font style="font-family:Arial;font-size:11pt;">.  The headings of sections and subsections are included solely for convenience of reference and shall not affect the meaning of the provisions of this Agreement.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">14.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Successor</font><font style="font-family:Arial;font-size:11pt;">. All obligations of the Company under the Plan and this Agreement, with respect to the Award, shall be binding on any successor to the Company, whether the existence of such successor </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">7</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">15.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Signature in Counterparts</font><font style="font-family:Arial;font-size:11pt;">. If delivered in paper format, this Agreement may be signed in counterparts.  Each counterpart shall be an original, with the same effect as if the signatures were on the same instrument.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">16.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Enforceability</font><font style="font-family:Arial;font-size:11pt;">. To the extent any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the remaining provisions of this Agreement shall not be affected by such holding and shall continue in full force in accordance with their terms.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">17.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Language</font><font style="font-family:Arial;font-size:11pt;">. If the Participant has been provided with a copy of this Agreement, the Plan or any other document relating to this Award in a language other than English, the English language shall govern in the event of any inconsistency.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">18.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Waiver</font><font style="font-family:Arial;font-size:11pt;">. No failure or delay by the Company to enforce any provision of this Agreement or exercise any right or remedy provided by law shall constitute a waiver of that or any other provision, right or remedy, nor shall it prevent or restrict the further exercise of that or any other provision, right or remedy.  No single or partial exercise of such provision, right or remedy shall prevent or restrict the further exercise of that or any other provision, right or remedy.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">19.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Foreign Exchange Restrictions</font><font style="font-family:Arial;font-size:11pt;">. The Participant understands and agrees that neither the Company or its subsidiaries are responsible or liable for any foreign exchange fluctuations between the Participant&#8217;s local currency (if applicable) and the United States Dollar (or the selection by the Company or a subsidiary of any applicable foreign exchange rate it may determine in its discretion to be appropriate) that may affect the value of this Award or the calculated income, taxes or other amounts thereunder or any related taxes or other amounts. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">20.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Appendix</font><font style="font-family:Arial;font-size:11pt;">. Notwithstanding anything in this Agreement to the contrary, if the Participant resides outside of the United States, certain additional terms and conditions in the attached appendix (the &#8220;Appendix&#8221;) will apply to the Participant and the Award. If the Participant relocates from the United States to a country outside the United States or relocates between the jurisdictions specified in the Appendix, the additional terms and conditions, as applicable, will apply to the Participant, to the extent that the Committee determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this Agreement.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:288px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">AMERICAN AXLE &amp; MANUFACTURING HOLDINGS, INC.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:288px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">By:   __________________________________</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:318px;text-indent:-30px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Title: __________________________________</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Agreed and acknowledged as of the date of grant:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">___________________________________</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-style:italic;">(Participant's signature)</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">8</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">APPENDIX </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">COUNTRY SPECIFIC NOTICES, TERMS AND CONDITIONS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(Cash-Settled Awards)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following country-specific notices, disclaimers, and/or terms and conditions apply to grantees in the countries listed below and may be material to the Participant&#8217;s participation in the Plan. Such information may apply if the Participant resides or works in, or moves to or otherwise becomes subject to the laws or Company policies of, a particular country while holding Awards received under the Plan. In any such case, the Company may also withhold or account for tax or related liabilities in more than one jurisdiction. The Participant is solely responsible for any obligations outlined below. As local laws are often complex and change frequently and the information provided is general in nature and may not apply to the Participant&#8217;s specific situation, the Company cannot assure the Participant of any particular result, and the Participant should seek his or her own professional legal and tax advice.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">European Union</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Data Privacy</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:132px;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following supplements the Personal Data Privacy section of the Agreement:</font></div><div style="line-height:120%;text-align:left;padding-left:132px;text-indent:-132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">For purposes of European Union data protection laws, American Axle &amp; Manufacturing Holdings, Inc. with registered office at One Dauch Drive, Detroit, Michigan, MI 48211-1198, USA is the data controller. Providing personal data is voluntary but necessary to be a beneficiary of the Plan. Any personal data provided will be held only as long as is necessary to implement, administer and manage the Participant&#8217;s participation in the Plan. The Participant has a right to access and rectify his or her data and request additional information about the storage and processing of the Participant&#8217;s data, without cost, in accordance with European Union data protection law. The Participant also has the right to refuse or withdraw the consents herein.</font></div><div style="line-height:118%;text-align:left;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">For the purpose of operating the Plan, personal data in relation to Participants shall be collected, processed and transferred in accordance with the terms of any data privacy notice made available to participants. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Brazil</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Foreign asset reporting</font></div><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rules regarding the reporting of assets held outside Brazil may apply upon vesting.</font></div><div style="line-height:120%;text-align:left;padding-left:132px;text-indent:-132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:118%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Czech Republic</font></div></td><td style="vertical-align:top;"><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Please refer to the European Union section above.</font></div></td></tr></table><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:-132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:118%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">France</font></div></td><td style="vertical-align:top;"><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Foreign asset reporting</font></div></td></tr></table><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:10pt;">Rules regarding the reporting of assets held outside France may apply to the Award received upon vesting.</font></div><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:-132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Please also refer to the European Union section above.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Germany</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;Please refer to the European Union section above.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Mexico</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Acknowledgment of terms of the Agreement</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In accepting the Award, the Participant acknowledges that he or she has reviewed the terms and conditions contained in this Agreement and the Plan, fully understands and agrees with them, and in particular expressly confirms that the Participant&#8217;s participation in the Plan is voluntary and does not constitute an acquired right, and that the Plan and participation in the Plan are offered by the Company on a wholly discretionary basis.</font></div><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spain&#160;&#160;&#160;&#160;Foreign asset reporting</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">9</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:118%;text-align:left;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rules regarding the reporting of assets held outside Spain may apply to Award received upon vesting.</font></div><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Please also refer to the European Union section above.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Sweden</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;Please refer to the European Union section above.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">United Kingdom</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Tax Withholding</font></div><div style="line-height:120%;text-align:left;text-indent:144px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In addition to </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Section 9.Withholding</font><font style="font-family:Arial;font-size:10pt;">&#32;of the Agreement, the Participant acknowledges and agrees that the ultimate responsibility to pay any tax, social security contributions, payroll tax or other amounts (&#8220;Taxes Due&#8221;) required by law or regulation to be withheld with respect to any taxable event arising in relation to the RSUs, such as on settlement of the Award, is the Participant&#8217;s responsibility, and the Participant agrees to indemnify and hold the Company and the Participant&#8217;s employer harmless from any losses, costs, damages, or expenses relating to the Taxes Due. The Participant agrees that the Company and/or the employer may recover the Taxes Due from the Participant by any of the means specified in Section 9 of the Agreement or the Plan.</font></div><div style="line-height:120%;text-align:left;padding-left:132px;text-indent:-132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Please also refer to the European Union section above.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">10</font></div></div>	</body>
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<TYPE>EX-2
<SEQUENCE>3
<FILENAME>formofperformanceshareawar.htm
<DESCRIPTION>EXHIBIT 2
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<div><a name="sF17CDD0517B20C66086258F3ADF73936"></a></div><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">AMERICAN AXLE &amp; MANUFACTURING HOLDINGS, INC. <br>2018 Omnibus Incentive Plan</font></div><div style="line-height:120%;padding-bottom:14px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Form of Performance Share Award Agreement: Relative TSR</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">You have been selected to receive a grant of Performance Shares under the American Axle &amp; Manufacturing Holdings, Inc. 2018 Omnibus Incentive Plan as stated below:</font></div><div style="line-height:138%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Participant: </font></div><div style="line-height:138%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Grant Date:</font></div><div style="line-height:138%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Number of Performance Shares (Target Award Opportunity): </font></div><div style="line-height:138%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Performance Period: </font></div><div style="line-height:138%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Final Acceptance Date: </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">THIS AWARD AGREEMENT (the&#160;&#8220;Agreement&#8221;), is made effective as of the&#160;Grant Date (shown above) between American Axle &amp; Manufacturing Holdings, Inc., a Delaware corporation (the&#160;&#8220;Company&#8221;), and the&#160;Participant.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">RECITALS</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;">A. </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Company has adopted the American Axle &amp; Manufacturing Holdings, Inc. 2018 Omnibus Incentive Plan (the&#160;&#8220;Plan&#8221;). The Plan is incorporated in and made a part of this Agreement. Capitalized terms not defined in this Agreement have the same meanings as in the Plan;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;">B. </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Compensation Committee of the Board of Directors (the &#8220;Committee&#8221;) determined that it is in the best interests of the Company and its shareholders to grant an Award to the Participant under the terms of this Agreement and the Plan; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;">C. </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Participant shall have no rights related to this Award unless he or she accepts this Award before the close of business on the Final Acceptance Date (shown above). A Participant who receives this Agreement in paper format shall indicate acceptance by signing and delivering a copy of this Agreement to the Company. A Participant who receives this Agreement electronically through the Merrill Lynch website shall indicate acceptance as instructed at www.benefits.ml.com. The Final Acceptance Date may be modified, in the sole discretion of the Company, upon written request of the Participant.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The parties agree as follows:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">1.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Grant of the Award and Performance Period</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The Company grants to the Participant, on the terms and conditions of this Agreement, a Performance Share award (the &#8220;Award&#8221;) with a target opportunity as specified above (the &#8220;Target Award Opportunity&#8221;), with each Performance Share corresponding to one Share (subject to adjustment pursuant to the Plan) for the Performance Period specified above.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">2.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Performance Measure and Performance Goals</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The performance measure for this Award shall be the three-year total shareholder return (&#8220;TSR&#8221;) of the Company and each company (&#8220;Competitor Company&#8221;) that is identified as a member of the Company&#8217;s TSR competitor peer group in the Company&#8217;s annual report to shareholders for the fiscal year of the Grant Date shown above, or as elsewhere disclosed by the Company pursuant to Regulation S-K of the Securities Exchange Act of 1934 (the &#8220;Competitor Peer Group&#8221;). The performance goal shall be based on the percentile rank of the Company&#8217;s three-year TSR relative to the distribution of the Competitor Companies&#8217; three-year TSR (the &#8220;Percentile Rank&#8221;).</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">1</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">3.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Determination of TSR</font><font style="font-family:Arial;font-size:11pt;">. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) TSR for each Competitor Company and the Company shall be determined in accordance with the following formula. TSR shall be equal to the quotient of (i) divided by (ii), where: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:113px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:72px;"><font style="font-family:Arial;font-size:11pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">is equal to the sum of (x) and (y) where (x) is the difference between the &#8220;Beginning Stock Price&#8221; and the &#8220;Ending Stock Price&#8221; and (y) is the sum of all dividends paid on one (1) Share during the Performance Period, provided that dividends shall be treated as reinvested at the end of each calendar quarter; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:113px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:72px;"><font style="font-family:Arial;font-size:11pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">is equal to the &#8220;Beginning Stock Price&#8221;.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) Definitions for purposes of determining TSR under paragraph 3(a) above include:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:112px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:72px;"><font style="font-family:Arial;font-size:11pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#8220;Beginning Stock Price&#8221; shall mean the average closing price on the applicable stock exchange of one (1) Share for the thirty (30) trading days immediately prior to the first day of the Performance Period; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:112px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:72px;"><font style="font-family:Arial;font-size:11pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#8220;Ending Stock Price&#8221; shall mean the average closing price on the applicable stock exchange of one (1) Share for the thirty (30) trading days immediately prior to the last day of the Performance Period.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">4.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Determination of Percentile Rank</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The Company&#8217;s Percentile Rank shall be determined in accordance with the following rules:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a)&#160;&#160;&#160;&#160;The Competitor Companies and the Company shall be ranked in descending order based on their respective TSRs. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b)&#160;&#160;&#160;&#160;For purposes of developing the ordering provided in paragraph (a) above, any Competitor Company that filed for bankruptcy protection under the United States Bankruptcy Code during the Performance Period shall be assigned the lowest order and any Competitor Company that is acquired during the Performance Period shall be removed from the Competitor Peer Group and shall not be included in the ordering of Competitor Companies.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">5.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Payout Matrix</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) Subject to paragraph 5(b) below, the Participant shall earn the percentage of the Target Award Opportunity that corresponds to the achieved performance goal for the Performance Period as set forth below:</font></div><div style="line-height:120%;padding-left:2px;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:88.09523809523809%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:36%;"></td><td style="width:30%;"></td><td style="width:34%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:6px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;padding-left:16px;text-indent:-16px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Achieved Performance Goal</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:center;padding-left:2px;text-indent:5px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">3-Year Relative TSR</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Percentile Rank</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:center;padding-left:2px;text-indent:5px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">% of Target Award</font><font style="font-family:Arial;font-size:11pt;">&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Opportunity Earned</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:28px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">No Payout</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:22px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Less than [ ] Percentile</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:22px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">0%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:28px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Threshold</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:22px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">[ ] Percentile</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:22px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">50%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:28px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Target</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:22px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">[ ] Percentile</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:22px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">100%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:28px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Maximum</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:22px;text-indent:2px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">[ ] Percentile or higher</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:22px;text-indent:2px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">200% (capped)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Company&#8217;s Percentile Rank shall be calculated as follows:</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">2</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:180px;text-indent:-120px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Percentile Rank = </font><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">Company Rank</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:180px;text-indent:-120px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#32;<br>Total number of Competitor Companies including the Company</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Linear interpolation shall be used to determine the percent of Target Award Opportunity earned above the Threshold or below the Maximum, in the event that the Company&#8217;s Percentile Rank does not fall directly on one of the ranks listed in the chart above.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) In the event the Company&#8217;s TSR for the Performance Period is less than zero, the percentage of the Target Award Opportunity earned shall be equal to the lesser of (i) the amount determined under paragraph 5(a) above or (ii) 100 percent.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">6.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Determination of the Award</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;Subject to the Plan and this Agreement, the number of Performance Shares earned by the Participant for the Performance Period shall equal the product of (a) and (b) where (a) is equal to the Participant&#8217;s Target Award Opportunity and (b) is equal to the percent of Target Award Opportunity earned as determined in Section 5 above. Performance below Threshold shall result in no payout to the Participant, and performance above Maximum shall result in a payout capped at the Maximum. The Committee shall have the sole authority to calculate the Participant&#8217;s earned Award.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">7.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Form and Timing of Award</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;Subject to the approval of the Committee, payment of the Participant&#8217;s earned Award, if any, shall be made in the following manner:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Timing:</font><font style="font-family:Arial;font-size:11pt;">&#32;Each Performance Share earned by the Participant pursuant to Section 6 shall be settled by payment of one Share. The Participant shall receive payment of his or her earned Performance Shares no later than the fifteenth (15</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:Arial;font-size:11pt;">) day of the third month following the end of the Performance Period (the &#8220;Payment Date&#8221;), provided that the Participant has been continuously employed by the Company through the end of the Performance Period, until and including the Payment Date.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Impact of Employment Termination:</font><font style="font-family:Arial;font-size:11pt;">&#32;If the Participant&#8217;s employment is terminated during the Performance Period due to death, Disability, or Retirement, or by the Company other than for Cause, then the Participant shall be entitled to be paid a pro rata Award, as determined under this subparagraph (b). The pro rata Award shall equal the product of (x) and (y) where (x) is the Award the Participant would have earned based on Target performance and (y) is a fraction, the numerator of which is the number of calendar months that the Participant was employed by the Company during the Performance Period (with any partial month counting as a full month for this purpose) and the denominator of which is the number of months in the Performance Period. Any payments shall be made as soon as is practical following such payment determination but no later than the fifteenth (15</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:Arial;font-size:11pt;">) day of the third month following the end of the quarterly reporting period that includes the date of termination of the Participant&#8217;s employment.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(c) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Impact of a Change in Control:</font><font style="font-family:Arial;font-size:11pt;">&#32;Subject to Section 23.1 of the Plan, if a Participant (x) has in effect an employment, retention, Change in Control, severance or similar agreement with the Company or any Subsidiary or (y) is subject to a policy or plan of the Company or any Subsidiary that, in the case of either (x) or (y), discusses the effect of a Change in Control on a Participant&#8217;s Awards, then such agreement, plan or policy shall control. In all other cases, unless provided otherwise by the Committee prior to the date of the Change in Control, in the event of a Change in Control:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(i)</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;">If the Change in Control occurs prior to the end of the Performance Period, the Performance Shares shall be deemed earned as if the Target performance goal was achieved. If the Change in Control occurs after the end of the Performance Period but prior to payment of the </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">3</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Award, the Performance Shares will be earned based on actual performance during the Performance Period. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(ii)</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;">If a Successor so agrees, some or all outstanding Awards shall be assumed, or replaced with the same type of award with similar terms and conditions, by a Successor in the Change in Control transaction. If applicable, each Award that is assumed by a Successor shall be appropriately adjusted, immediately after such Change in Control, to apply to the number and class of securities that would have been issuable to a Participant upon the consummation of such Change in Control had the Award been earned immediately prior to such Change in Control, and other appropriate adjustments in the terms and conditions of the Award shall be made. Upon the termination of a Participant&#8217;s employment with a Successor in connection with or within twenty-four (24) months following the Change in Control for any reason other than an involuntary termination by a Successor for cause or a voluntary termination by the Participant without good reason (as cause and good reason (or analogous terms) are defined by an applicable employment agreement or a change in control plan or policy (including, without limitation, the AAM Change in Control Plan) or, if not applicable, the policies generally applicable to employees of a Successor), all of the Participant&#8217;s Awards that are in effect as of the date of such termination shall vest in full as provided in Section 7(c)(i) effective on the date of termination. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(iii)</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;">To the extent a Successor in the Change in Control transaction does not assume the Awards or issue replacement awards as provided in Section 7(c)(ii), then, unless provided otherwise by the Committee, immediately prior to the date of the Change in Control all Awards that are then held by Participants shall be cancelled in exchange for the right to receive a cash payment equal to:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(A) the product of (x) and (y) where (x) is the the number of Performance Shares earned as provided in Section 7(c)(i) and (y) is a fraction, the numerator of which is the number of calendar months that the Participant was employed by the Company during the Performance Period (with any partial month counting as a full month for this purpose) and the denominator of which is the number of months in the Performance Period </font><font style="font-family:Arial;font-size:11pt;font-style:italic;">multiplied by </font><font style="font-family:Arial;font-size:11pt;">the per share Change in Control price.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Committee shall determine the per share Change in Control price paid or deemed paid in the Change in Control transaction. Any payments shall be made as soon as is practical following such payment determination but no later than the fifteenth (15</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:Arial;font-size:11pt;">) day of the third month following the end of the quarterly reporting period that includes the date of the occurrence of a Change in Control.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(d) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Forfeiture.</font><font style="font-family:Arial;font-size:11pt;">&#32;Except as otherwise expressly stated in Sections 7(b) and 7(c), if the Participant&#8217;s employment with the Company terminates for any reason prior to the end of the Performance Period, then the Participant shall not be entitled to the payment of any Award hereunder.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(e) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Definitions</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(i)</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;&#8220;Change in Control:&#8221;</font><font style="font-family:Arial;font-size:11pt;">&#32;For purposes of this Agreement, &#8220;Change in Control&#8221; means any one of the following:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(A) Any person or entity, including a &#8220;group&#8221; as defined in Section 13(d)(3) of the Exchange Act other than the Company or a wholly owned Subsidiary thereof or any employee benefit plan of the Company or any of its Subsidiaries, becomes the beneficial owner of the Company&#8217;s securities having 30% or more of the combined voting power of the then </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">4</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">outstanding securities of the Company that may be cast for the election of Directors of the Company (other than as a result of an issuance of securities initiated by the Company in the ordinary course of business); or</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(B) As the result of, or in connection with, any cash tender or exchange offer, merger or other business combination, sale of assets or contested election, or any combination of the foregoing transactions, less than a majority of the combined voting power of the then outstanding securities of the Company or any successor corporation or entity entitled to vote generally in the election of the Directors of the Company or such other corporation or entity after such transaction are held in the aggregate by the holders of the Company&#8217;s securities entitled to vote generally in the election of Directors of the Company immediately prior to such transaction; or</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(C) During any period of two consecutive years, individuals who at the beginning of any such period constitute the Board cease for any reason to constitute at least a majority thereof, unless the election, or the nomination for election by the Company&#8217;s stockholders, of each Director of the Company first elected during such period was approved by a vote of at least two-thirds of the Directors of the Company then still in office who were Directors of the Company at the beginning of any such period; or</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(D) The stockholders of the Company approve a plan of complete liquidation of the Company or the sale or disposition by the Company of all or substantially all of the Company&#8217;s assets, other than a liquidation of the Company into a wholly owned subsidiary.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Notwithstanding the foregoing, to the extent that any Award constitutes a deferral of compensation subject to Section 409A (as defined in Section 20 below), and if that Award provides for a change in the time or form of payment upon a Change in Control, then no Change in Control shall be deemed to have occurred upon an event described in subsections (A), (B), (C) and (D) above, unless such event shall constitute a &#8220;change in ownership&#8221; or &#8220;change in effective control&#8221; of, or a change in the ownership of a substantial portion of the assets of the Company under Section 409A.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(ii) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#8220;Disability:&#8221; </font><font style="font-family:Arial;font-size:11pt;">For purposes of this Agreement, &#8220;Disability&#8221; means either of the following: (a) inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months; or (b) by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering Employees.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(iii) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#8220;Cause:&#8221;</font><font style="font-family:Arial;font-size:11pt;">&#32;For purposes of this Agreement, "Cause" means (a)&#160;neglect of or willful and continuing refusal of the Participant to perform his or her duties with the Company (other than due to Disability), (b)&#160;a breach of any non-competition or "no raid" covenants to which the Participant is subject, (c)&#160;engaging in conduct which is demonstrably injurious to the Company, the Company's subsidiaries or affiliates (including, without limitation, a breach of any confidentiality covenant to which the Participant is subject), or (d)&#160;a conviction or plea of guilty or </font><font style="font-family:Arial;font-size:11pt;font-style:italic;">nolo contendere</font><font style="font-family:Arial;font-size:11pt;">&#32;to a felony or a misdemeanor involving moral turpitude, dishonesty or theft, in each case as determined in the sole discretion of the Company.&#160;If an employment agreement between the Company and the Participant is in effect or a </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">5</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">change in control plan or policy is in effect in which the Participant participates or to which such Participant is subject (including, without limitation, the AAM Change in Control Plan), "Cause" has the meaning, if any, defined therein.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:96px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(iv) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#8220;Retirement:&#8221;</font><font style="font-family:Arial;font-size:11pt;">&#32;For purposes of this Agreement, &#8220;Retirement&#8221; means the Participant&#8217;s voluntary resignation at any time (i) after attaining age 65, (ii) after attaining age 55 but prior to age 65 with ten or more years of continuous service with the Company or a Subsidiary or (iii) after attaining age 60 but prior to age 65 with five or more years of continuous service with the Company or a Subsidiary.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">8.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Share Delivery</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;Delivery of any Shares in settlement of the Award shall be by book-entry credit to an account in the Participant&#8217;s name established by the Company with its transfer agent.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">9.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Recapitalization</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;In the event of any change in the capitalization of the Company such as a stock split or a corporate transaction such as any merger, consolidation, separation, or otherwise, the number of Performance Shares subject to this Agreement shall be equitably adjusted by the Committee, in its sole discretion, to prevent dilution or enlargement of rights.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">10.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Beneficiary Designation</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The Participant may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Agreement is to be paid in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the Participant, shall be in a form prescribed by the Company, and will be effective only when delivered by the Participant in writing to the Corporate Human Resources Department of the Company during the Participant&#8217;s lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant&#8217;s death shall be paid to the Participant&#8217;s estate.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">11.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Shareholder Rights</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;Prior to the Payment Date, the Participant shall not have any rights as a shareholder of the Company in connection with this Award, unless and until the Shares are distributed to Participant. Following delivery of the Shares upon the Payment Date, the Participant shall have all rights as a shareholder with respect to such Shares.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">12.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Dividend Equivalents</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The Participant shall not be entitled to any Dividend Equivalents with respect to the Performance Shares to reflect any dividends payable on Common Stock. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">13.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">No Right to Continued Employment or Further Awards</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) Neither the Plan nor this Agreement shall be construed as (i) giving the Participant any right to continue in the employ of the Company and its Subsidiaries or (iii) giving the Participant any right to be reemployed by the Company and its Subsidiaries following any termination of employment. The termination of employment provisions in this Agreement only apply to the treatment of the Award as specified herein and shall not otherwise affect the Participant&#8217;s employment relationship. Nothing contained in this Agreement shall be deemed to constitute or create a contract of employment.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) The Company has granted the Award to the Participant in its sole discretion. The Award does not form part of the Participant&#8217;s employment contract, if any. Neither this Agreement nor the Plan confers on the Participant any right or entitlement to receive another Award, or any other similar award at any time in the future or in respect of any future period. The Award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year, and does not diminish in any way the Company's discretion to determine the amount, if any, of the Participant's compensation.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">6</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">14.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Transferability</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) The Award shall not be transferable other than by will, the laws of descent and distribution, pursuant to a domestic relations order entered by a court of competent jurisdiction or to a Permitted Transferee for no consideration pursuant to the Plan. Any Award transferred to a Permitted Transferee shall be further transferable only by will, the laws of descent and distribution, pursuant to a domestic relations order entered by a court of competent jurisdiction, or, for no consideration, to another Permitted Transferee of the Participant. The Shares delivered to the Participant on the Payment Date shall not be subject to transfer restrictions and shall be fully paid, non-assessable and registered in the Participant&#8217;s name.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) Except as set forth in the Plan, a Participant&#8217;s rights under the Plan shall be exercisable during the Participant&#8217;s lifetime only by the Participant, or in the event of the Participant&#8217;s legal incapacity, the Participant&#8217;s legal guardian or representative.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">15.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Withholding</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) Except as provided in the following sentence, the Company or subsidiary (as applicable) shall have the power and right to deduct, withhold or collect such amounts from the Participant to satisfy any tax, social security contribution, payroll tax or other amount required by law or regulation to be withheld with respect to any taxable event arising in relation to the Performance Shares including by deducting from amounts due to the Participant at any time or by deducting a portion of the Shares having a Fair Market Value (measured as of the Payment Date) sufficient to cover the amount of any applicable federal, state, local and foreign tax withholding obligation from the total Shares earned from the Award. The Participant may elect to satisfy such withholding obligation with respect to the Performance Shares by remitting in advance of the Payment Date an amount sufficient to satisfy such tax withholding obligations. The amount to be withheld may relate to amounts due in more than one jurisdiction and in all cases shall be as determined by the Company or subsidiary in its discretion. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) Regardless of any action by the Company with respect to any or all tax withholding (including social insurance contribution obligations, if any), the Participant acknowledges responsibility for payment of all such taxes and for filing any relevant documentation (including, without limitation, tax returns or reporting statements) that may be required in relation to the Award (including, without limitation, any such documentation related to the holding of shares or any bank or brokerage account, the subsequent sale of shares or the receipt of any dividends). The Company makes no representations regarding the treatment of any tax withholding in connection with the Award. The Company makes no commitment to structure the terms of the Award to reduce or eliminate the Participant&#8217;s liability for such tax. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">16.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Securities Laws</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#160;This Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required, or the Committee determines are advisable. The Participant agrees to take all steps the Company determines are necessary to comply with all applicable provisions of federal and state securities law in exercising Participant&#8217;s rights under this Agreement. The Committee may impose such restrictions on any Shares acquired by a Participant pursuant to the Award as it may deem necessary or advisable, under applicable federal securities laws, the requirements of any stock exchange or market upon which such Shares are then listed or traded or any blue sky or state securities laws applicable to such Shares. In addition, the Shares shall be subject to any trading restrictions, stock holding requirements or other policies in effect from time to time as determined by the Committee. Notwithstanding anything to the contrary in this Agreement, the Company shall not be obligated to issue or transfer any Shares pursuant to this Award </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">7</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">if to do so violates or is not in compliance with any laws, rules or regulations of the United States or any other state or country having applicable jurisdiction.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">17.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Notices</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;Notice under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive offices of the Company and to the Participant at the address appearing in the records of the Company for the Participant, or to either party at another address that the party designates in writing to the other. Notice shall be effective upon receipt.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">18.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Governing Law</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The interpretation, performance and enforcement of the Award and this Agreement shall be governed by the laws of the State of Delaware without regard to principles of conflicts of law. To the extent any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the remaining provisions of this Agreement shall remain in full force and effect.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">19.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Award Subject to Plan</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) The Award is granted subject to the Plan and to such rules and regulations the Committee may adopt for administration of the Plan. The Committee is authorized to administer, construe, and make all determinations necessary or appropriate to administer the Plan and this Agreement, all of which shall be binding upon the Participant.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) To the extent of any inconsistencies between the Plan and this Agreement, the Plan shall govern. This Agreement and the Plan constitute the entire agreement between the parties regarding the subject matter hereof. They supersede all other agreements, representations or understandings (whether oral or written, express or implied) that relate to the subject matter hereof.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(c) The Committee may terminate, amend, or modify or suspend the Plan and amend or modify this Agreement; provided, however, that no termination, amendment, modification or suspension shall materially and adversely affect the Participant&#8217;s rights under this Agreement, without the Participant&#8217;s written consent.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">20.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Section&#160;409A</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) The Award is not intended to provide for a &#8220;deferral of compensation&#8221; within the meaning of Section 409A of the U.S. Internal Revenue Code and the final rules promulgated thereunder (&#8220;Section 409A&#8221;) and shall be interpreted and construed in a manner consistent with that intent. If any provision of this Agreement or the Plan causes the Award to be subject to the requirements of Section 409A, or could otherwise cause the Participant to recognize income or be subject to the interest and penalties under Section 409A, then the provision shall have no effect or, to the extent practicable, the Committee may, in its sole discretion and without the Participant&#8217;s consent, modify the provision to (i) comply with, or avoid being subject to Section 409A, or to avoid the incurrence of any taxes, interest and penalties under Section 409A, and/or (ii) maintain, to the maximum extent practicable, the original intent and economic benefit to the Participant of the applicable provision without materially increasing the cost to the Company or contravening the provisions of Section 409A. This Section 20 does not create an obligation of the Company to modify the Plan or this Agreement and does not guarantee that the Award will not be subject to taxes, interest and penalties under Section 409A.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) If a Participant is a &#8220;specified employee&#8221; as defined under Section 409A and the Participant&#8217;s Award is to be settled on account of the Participant&#8217;s separation from service (for reasons other than death) and such Award constitutes &#8220;deferred compensation&#8221; as defined under Section 409A, then any portion of </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">8</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">the Participant&#8217;s Award that would otherwise be settled during the six-month period commencing on the Participant&#8217;s separation from service shall be settled as soon as practicable following the conclusion of the six-month period (or following the Participant&#8217;s death if it occurs during such six-month period).</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">21.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Recoupment</font><font style="font-family:Arial;font-size:11pt;">. The Participant&#8217;s earned Award shall be subject to any clawback, recoupment or similar policy as permitted or mandated by applicable law, rules, regulations or any Company policy as enacted, adopted or modified from time to time.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">22.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Electronic Delivery</font><font style="font-family:Arial;font-size:11pt;">. The Company may, in its sole discretion, deliver any documents related to current or future participation in the Plan by electronic means. By accepting this Award, the Participant consents to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company, including Merrill Lynch.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">23.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Personal Data Privacy</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The Participant explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Participant&#8217;s personal data by and among, as applicable, the Company and its subsidiaries for the exclusive purpose of implementing, administering and managing the Participant&#8217;s participation in the Plan. The Participant understands that the Company may hold certain personal information about the Participant, including, but not limited to, the Participant&#8217;s name, home address and telephone number, date of birth, social security number (or any other social or national identification number), salary, nationality, job title and number of Performance Shares for the purpose of implementing, administering and managing the Participant&#8217;s Award (the &#8220;Data&#8221;). The Participant understands that the Data may be transferred to the Company or to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in the Participant&#8217;s country or elsewhere, and that any recipient&#8217;s country may have different data privacy laws and protections than the Participant&#8217;s country. The Participant authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Participant&#8217;s participation in the Plan. Furthermore, the Participant acknowledges and understands that the transfer of the Data to the Company or to any third parties is necessary for the Participant&#8217;s participation in the Plan. The Participant may view the Data, request information about the storage and processing of Data, request any corrections to Data, or withdraw the consents herein (in any case, without cost to the Participant) by contacting Corporate Human Resources in writing. The withdrawal of any consent by the Participant may affect the Participant&#8217;s participation in the Plan. The Participant may contact Corporate Human Resources for further information about the consequences of any withdrawal of consents herein.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">24.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Headings</font><font style="font-family:Arial;font-size:11pt;">. The headings of sections and subsections&#160;are included solely for convenience of reference and shall not affect the meaning of the provisions of this Agreement.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">25.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Successor</font><font style="font-family:Arial;font-size:11pt;">. All obligations of the Company under the Plan and this Agreement, with respect to the Award, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">26.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Signature in Counterparts</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;If delivered in paper format, this Agreement may be signed in counterparts. Each counterpart shall be an original, with the same effect as if the signatures were on the same instrument.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">9</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">27.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Enforceability</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;To the extent any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the remaining provisions of this Agreement shall not be affected by such holding and shall continue in full force in accordance with their terms. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">28.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Language</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;If the Participant has been provided with a copy of this Agreement, the Plan or any other document relating to this Award in a language other than English, the English language shall govern in the event of any inconsistency.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">29.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Waiver</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;No failure or delay by the Company to enforce any provision of this Agreement or exercise any right or remedy provided by law shall constitute a waiver of that or any other provision, right or remedy, nor shall it prevent or restrict the further exercise of that or any other provision, right or remedy.  No single or partial exercise of such provision, right or remedy shall prevent or restrict the further exercise of that or any other provision, right or remedy.</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;&#32;</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">30.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Foreign Exchange Restrictions</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">. </font><font style="font-family:Arial;font-size:11pt;">The Participant understands and agrees that neither the Company or its subsidiaries are responsible or liable for (i) any foreign exchange fluctuations between the Participant&#8217;s local currency (if applicable) and the United States Dollar (or the selection by the Company or a subsidiary of any applicable foreign exchange rate it may determine in its discretion to be appropriate) that may affect the value of this Award or the calculated income, taxes or other amounts thereunder or any related taxes or other amounts or (ii) any decrease in the value of Shares.</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;&#32;</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">31.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Appendix</font><font style="font-family:Arial;font-size:11pt;">. Notwithstanding anything in this Agreement to the contrary, if the Participant resides outside of the United States, certain additional terms and conditions in the attached appendix (the &#8220;Appendix&#8221;) will apply to the Participant and the Award. If the Participant relocates from the United States to a country outside the United States or relocates between the jurisdictions specified in the Appendix, the additional terms and conditions, as applicable, will apply to the Participant, to the extent that the Committee determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this Agreement.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:left;padding-left:50px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#32;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;AMERICAN AXLE &amp; MANUFACTURING HOLDINGS, INC.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:240px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">By:&#160;&#160;&#160;&#160;__________________________________</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:240px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Title:&#160;&#160;&#160;&#160;__________________________________</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Agreed and acknowledged as of the date of grant:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">___________________________________</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-style:italic;">(Participant&#8217;s signature)</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">10</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">APPENDIX</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">COUNTRY SPECIFIC NOTICES, TERMS AND CONDITIONS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following country-specific notices, disclaimers, and/or terms and conditions apply to grantees in the countries listed below and may be material to the Participant&#8217;s participation in the Plan. Such information may apply if the Participant resides or works in, or moves to or otherwise becomes subject to the laws or Company policies of, a particular country while holding Awards or Shares received under the Plan. In any such case, the Company may also withhold or account for tax or related liabilities in more than one jurisdiction. The Participant is solely responsible for any obligations outlined below. As local laws are often complex and change frequently and the information provided is general in nature and may not apply to the Participant&#8217;s specific situation, the Company cannot assure the Participant of any particular result, and the Participant should seek his or her own professional legal and tax advice.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Securities Law Notice: </font><font style="font-family:Arial;font-size:10pt;">Unless otherwise noted, neither the Company nor the Shares is registered with any local stock exchange or under the control of any local securities regulator outside the United States. The Plan, grant documentation, and any other communications or materials that the Participant may receive regarding participation in the Plan do not constitute advertising or an offering of securities outside the United States, and do not constitute a public offer. The issuance of securities described in any Plan-related documents is not intended for public offering or circulation in the Participant&#8217;s jurisdiction. </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">European Union</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Data Privacy</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following supplements the Personal Data Privacy section of this Agreement:</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">For purposes of European Union data protection laws, American Axle &amp; Manufacturing Holdings, Inc. with registered office at One Dauch Drive, Detroit, Michigan, MI 48211-1198, USA is the data controller. Providing personal data is voluntary but necessary to be a beneficiary of the Plan. Any personal data provided will be held only as long as is necessary to implement, administer and manage the Participant&#8217;s participation in the Plan. The Participant has a right to access and rectify his or her data and request additional information about the storage and processing of the Participant&#8217;s data, without cost, in accordance with European Union data protection law. The Participant also has the right to refuse or withdraw the consents herein.</font></div><div style="line-height:118%;text-align:left;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">For the purpose of operating the Plan, personal data in relation to Participants shall be collected, processed and transferred in accordance with the terms of any data privacy notice made available to participants. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Brazil</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Foreign asset reporting</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rules regarding the reporting of assets (including shares) held outside Brazil may apply to Shares received upon vesting.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"></font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Exchange Control Notification</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:10pt;">Specific foreign exchange rules may apply to the repatriation of any funds received in respect of the Shares.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">China</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Exchange Control Notification</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:10pt;">Specific foreign exchange rules may apply to the repatriation of any funds received in respect of the Shares.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Czech Republic</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Please refer to the European Union section above.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">France&#160;&#160;&#160;&#160;Foreign asset reporting</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">11</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:10pt;">Rules regarding the reporting of assets (including shares) held outside France may apply to Shares received upon vesting.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Please refer to the European Union section above. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Germany</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;Please refer to the European Union section above.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">India&#160;&#160;&#160;&#160;Exchange Control Notification</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rules regarding the repatriation of proceeds from the sale of shares and dividends may apply to Shares received upon vesting.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Mexico</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Acknowledgment of terms of this Agreement</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In accepting the Award, the Participant acknowledges that he or she has reviewed the terms and conditions contained in this Agreement and the Plan, fully understands and agrees with them, and in particular expressly confirms that the Participant&#8217;s participation in the Plan is voluntary and does not constitute an acquired right, and that the Plan and participation in the Plan are offered by the Company on a wholly discretionary basis.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spain&#160;&#160;&#160;&#160;Foreign asset reporting</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rules regarding the reporting of assets (including shares) held outside Spain may apply to Shares received upon vesting.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Please refer to the European Union section above. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Sweden</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;Please refer to the European Union section above.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">United Kingdom</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Tax Withholding</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In addition to </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Section 15 Withholding</font><font style="font-family:Arial;font-size:10pt;">&#32;of this Agreement, the Participant acknowledges and agrees that the ultimate responsibility to pay any tax, social security contributions, payroll tax or other amounts (&#8220;Taxes Due&#8221;) required by law or regulation to be withheld with respect to any taxable event arising in relation to the Award, such as on settlement of the Award, is the Participant&#8217;s responsibility, and the Participant agrees to indemnify and hold the Company and the Participant&#8217;s employer harmless from any losses, costs, damages, or expenses relating to the Taxes Due. The Participant agrees that the Company and/or the employer may recover the Taxes Due from the Participant by any of the means specified in Section 15 of this Agreement or the Plan.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Please also refer to the European Union section above.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">12</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div>	</body>
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<div><a name="sE3611B8AC6E60C6E7BD35903E3F0127C"></a></div><div></div><div><br></div><div style="line-height:132%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">AMERICAN AXLE &amp; MANUFACTURING HOLDINGS, INC.</font></div><div style="line-height:132%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">2018 Omnibus Incentive Plan</font></div><div style="line-height:132%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:132%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Form of Restricted Stock Unit Award Agreement</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#32;<br>You have been selected to receive a grant of Restricted Stock Units (&#8220;RSUs&#8221;) under the American Axle &amp; Manufacturing Holdings, Inc. 2018 Omnibus Incentive Plan as stated below:</font></div><div style="line-height:102%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:138%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Participant: </font></div><div style="line-height:138%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Grant Date: </font></div><div style="line-height:138%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Number of RSUs: </font></div><div style="line-height:138%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Final Acceptance Date: </font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">THIS AWARD AGREEMENT (the&#160;&#8220;Agreement&#8221;) is made effective as of the&#160;Grant Date (shown above) between American Axle &amp; Manufacturing Holdings, Inc., a Delaware corporation (the&#160;&#8220;Company&#8221;), and the&#160;Participant.</font></div><div style="line-height:118%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">RECITALS</font></div><div style="line-height:118%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">A.  The Company has adopted the American Axle &amp; Manufacturing Holdings, Inc. 2018 Omnibus Incentive Plan (the&#160;&#8220;Plan&#8221;). The Plan is incorporated in and made a part of this Agreement. Capitalized terms not defined in this Agreement have the same meanings as in the Plan; </font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">B.  The Compensation Committee of the Board of Directors (the &#8220;Committee&#8221;) determined that it is in the best interests of the Company and its shareholders to grant RSUs to the Participant under the terms of this Agreement and the Plan; and</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">C.  The Participant shall have no rights related to this Award unless he or she accepts this Award before the close of business on the Final Acceptance Date (shown above). A Participant who receives this Agreement in paper format shall indicate acceptance by signing and delivering a copy of this Agreement to the Company. A Participant who receives this Agreement electronically through the Merrill Lynch website shall indicate acceptance as instructed at www.benefits.ml.com. The Final Acceptance Date may be modified, in the sole discretion of the Company, upon written request of the Participant.</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The parties agree as follows:</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"></font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">1.</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Grant of the RSUs</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The Company grants to the Participant, on the terms and conditions of this Agreement, the number of RSUs shown above. Each RSU corresponds to one Share (subject to adjustment pursuant to the Plan) and constitutes a contingent and unsecured promise of the Company to pay the Participant one Share on the vesting date for the RSU, subject to the terms of the Plan and this Agreement.</font></div><div style="line-height:118%;text-align:justify;padding-left:48px;text-indent:513px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">2.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Vesting of the RSUs</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font></div><div style="line-height:118%;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) </font><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">Vesting Period</font><font style="font-family:Arial;font-size:11pt;">. Subject to Section 2(c) herein, the RSUs shall vest 100 percent on the third annual anniversary of the Grant Date (&#8220;Vesting Period&#8221;).</font></div><div style="line-height:118%;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) </font><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">Vesting Date</font><font style="font-family:Arial;font-size:11pt;">. The date on which the RSUs vest pursuant to Section 2(a) or, if earlier, Section 2(c), is referred to as the &#8220;Vesting Date.&#8221;</font></div><div style="line-height:118%;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">1</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(c)  </font><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">Earlier Vesting, Impact of a Change in Control and Forfeiture</font><font style="font-family:Arial;font-size:11pt;">.</font></div><div style="line-height:118%;text-align:justify;padding-left:102px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:72px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(i) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Early Vesting:</font><font style="font-family:Arial;font-size:11pt;">&#32;To the extent not already vested under Section 2(a), the total number of RSUs granted under this Agreement shall fully vest upon the death or Disability of the Participant and shall vest pro rata upon the Participant&#8217;s Retirement (&#8220;Pro Rata Award&#8221;), as determined under this subparagraph (c)(i). The Pro Rata Award shall be equal to the product of (x) and (y) where (x) is the total number of RSUs granted under this Agreement and (y) is a fraction, the numerator of which is the number of calendar months that the Participant was employed by the Company during the Vesting Period (with any partial month counting as a full month for this purpose) and the denominator of which is the number of months in the Vesting Period. </font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:72px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(ii) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Impact of a Change in Control:</font><font style="font-family:Arial;font-size:11pt;">&#32;Subject to 23.1 of the Plan, if a Participant (x) has in effect an employment, retention, Change in Control, severance or similar agreement with the Company or any Subsidiary or (y) is subject to a policy or plan of the Company or any Subsidiary that, in the case of either (x) or (y), discusses the effect of a Change in Control on a Participant&#8217;s Awards, then such agreement, plan or policy shall control. In all other cases, unless provided otherwise by the Committee prior to the date of the Change in Control, in the event of a Change in Control:</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font></div><div style="line-height:118%;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(1)</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;">If a Successor so agrees, some or all outstanding RSUs shall be assumed, or replaced with the same type of award with similar terms and conditions, by a Successor in the Change in Control transaction. If applicable, the RSUs that are assumed by a Successor shall be appropriately adjusted, immediately after such Change in Control, to apply to the number and class of securities that would have been issuable to a Participant upon the consummation of such Change in Control had the RSU been vested immediately prior to such Change in Control, and other appropriate adjustments in the terms and conditions of the Award shall be made. Upon the termination of a Participant&#8217;s employment with a Successor in connection with or within twenty-four (24) months following the Change in Control for any reason other than an involuntary termination by a Successor for cause or a voluntary termination by the Participant without good reason (or analogous terms) are defined by an applicable employment agreement or a change in control or policy (including, without limitation, the AAM Change in Control Plan) or, if not applicable, the policies generally applicable to employees of a Successor), all of the Participant&#8217;s RSUs that are in effect as of the date of such termination shall be vested in full effective on the date of such termination.</font></div><div style="line-height:118%;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(2)</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;">To the extent a Successor in the Change in Control transaction does not assume the RSUs or issue replacement awards as provided in Section 2(c)(ii)(1), then immediately prior to the date of the Change in Control all such RSUs that are then held by Participants shall be cancelled in exchange for the right to receive the Change in Control price per Share in cash or such other consideration as the Company or the shareholders of the Company receive in such Change in Control.</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:72px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(iii) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Forfeiture:</font><font style="font-family:Arial;font-size:11pt;">&#32;Except as otherwise expressly stated in Section 2(c)(i) or 2(c)(ii), if the Participant&#8217;s employment with the Company terminates for any reason prior to the Vesting Date, the RSUs shall be forfeited and cancelled without consideration.</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(d)  </font><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">Definitions</font><font style="font-family:Arial;font-size:11pt;">.</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:justify;text-indent:72px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;">(</font><font style="font-family:Arial;font-size:11pt;">i</font><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;">)</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#8220;Change in Control:&#8221;</font><font style="font-family:Arial;font-size:11pt;">&#32;For purposes of this Agreement, &#8220;Change in Control&#8221; means any one of the following:</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">2</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:118%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(1) Any person or entity, including a &#8220;group&#8221; as defined in Section 13(d)(3) of the Exchange Act other than the Company or a wholly-owned Subsidiary thereof or any employee benefit plan of the Company or any of its Subsidiaries, becomes the beneficial owner of the Company&#8217;s securities having 30% or more of the combined voting power of the then outstanding securities of the Company that may be cast for the election of Directors of the Company (other than as a result of an issuance of securities initiated by the Company in the ordinary course of business); or</font></div><div style="line-height:118%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(2) As the result of, or in connection with, any cash tender or exchange offer, merger or other business combination, sale of assets or contested election, or any combination of the foregoing transactions, less than a majority of the combined voting power of the then outstanding securities of the Company or any successor corporation or entity entitled to vote generally in the election of the Directors of the Company or such other corporation or entity after such transaction are held in the aggregate by the holders of the Company&#8217;s securities entitled to vote generally in the election of Directors of the Company immediately prior to such transaction; or</font></div><div style="line-height:118%;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(3) During any period of two consecutive years, individuals who at the beginning of any such period constitute the Board cease for any reason to constitute at least a majority thereof, unless the election, or the nomination for election by the Company&#8217;s stockholders, of each Director of the Company first elected during such period was approved by a vote of at least two-thirds of the Directors of the Company then still in office who were Directors of the Company at the beginning of any such period; or</font></div><div style="line-height:118%;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(4) The stockholders of the Company approve a plan of complete liquidation of the Company or the sale or disposition by the Company of all or substantially all of the Company&#8217;s assets, other than a liquidation of the Company into a wholly owned subsidiary.</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Notwithstanding the foregoing, to the extent that any Award constitutes a deferral of compensation subject to Section 409A (as defined in Section 16 below), and if that Award provides for a change in the time or form of payment upon a Change in Control, then no Change in Control shall be deemed to have occurred upon an event described in subsections (1) through (4) above, unless such event shall constitute a &#8220;change in ownership&#8221; or &#8220;change in effective control&#8221; of, or a change in the ownership of a substantial portion of the assets of, the Company under Section 409A.</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:justify;text-indent:72px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(ii) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#8220;Disability:&#8221;</font><font style="font-family:Arial;font-size:11pt;">&#32;For purposes of this Agreement, &#8220;Disability means either of the following: (1) inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months; or (2) by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering Employees.</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:72px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(iii) </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#8220;Retirement:&#8221;</font><font style="font-family:Arial;font-size:11pt;">&#32;For purposes of this Agreement, &#8220;Retirement&#8221; means the Participant&#8217;s voluntary resignation at any time (i) after attaining age 65, (ii) after attaining age 55 but prior to age 65 with ten or more years of continuous service with the Company or a Subsidiary or (iii) after attaining age 60 but prior to age 65 with five or more years of continuous service with the Company or a Subsidiary.</font></div><div style="line-height:118%;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">3.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Payment of the RSUs</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;Each vested RSU shall be settled by payment of one Share to the Participant. Payment of the RSUs shall occur on the first business day of the month following the month in which the Vesting Date occurs or as soon as administratively practicable thereafter, but in no event later than March 15th of the calendar year immediately following the calendar year in which the Vesting Date occurs (the &#8220;Payment Date&#8221;).</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">3</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">4.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Share Delivery</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;Delivery of any Shares in settlement of the Award will be by book-entry credit to an account in the Participant&#8217;s name established by the Company with its transfer agent.</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">5.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Recapitalization</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;In the event of any change in the capitalization of the Company such as a stock split or a corporate transaction such as any merger, consolidation, separation, or otherwise, the number of RSUs subject to this Agreement shall be equitably adjusted by the Committee, in its sole discretion, to prevent dilution or enlargement of rights.</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">6.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Beneficiary Designation</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The Participant may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Agreement is to be paid in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the Participant, shall be in a form prescribed by the Company, and will be effective only when delivered by the Participant in writing to the Corporate Human Resources Department of the Company during the Participant&#8217;s lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant&#8217;s death shall be paid to the Participant&#8217;s estate.</font></div><div style="line-height:118%;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">7.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Shareholder Rights</font><font style="font-family:Arial;font-size:11pt;">. Prior to the Payment Date, the Participant shall not have any rights as a shareholder of the Company in connection with this Award, unless and until the Shares are distributed to Participant. Following delivery of Shares upon the Payment Date, the Participant shall have all rights as a shareholder with respect to such Shares.</font></div><div style="line-height:118%;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">8.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Dividend Equivalents</font><font style="font-family:Arial;font-size:11pt;">. Upon payment of dividends with respect to the Shares, the Participant shall be entitled to receive Dividend Equivalents with respect to each outstanding RSU. Dividend Equivalents shall be accumulated until the Vesting Period and will be paid on the Payment Date. The Company will determine the form of payment of Dividend Equivalents, which may include cash, Shares or a combination thereof. </font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">9.&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">No Right to Continued Employment or Further Awards</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:102%;text-align:justify;padding-left:50px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) Neither the Plan nor this Agreement shall be construed as (i) giving the Participant any right to continue in the employ of the Company and its Subsidiaries or (ii) as giving the Participant any right to be reemployed by the Company and its Subsidiaries following any termination of employment. The termination of employment provisions set forth in this Agreement only apply to the treatment of the RSUs as specified herein and shall not otherwise affect the Participant&#8217;s employment relationship.  Nothing contained in this Agreement shall be deemed to constitute or create a contract of employment.</font></div><div style="line-height:102%;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) The Company has granted the RSUs to the Participant in its sole discretion. The RSUs do not form part of the Participant&#8217;s employment contract, if any. None of the RSUs, this Agreement nor the Plan confers on the Participant any right or entitlement to receive another grant of RSUs, or any other equity-based award at any time in the future or in respect of any future period. The RSUs do not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year, and do not diminish in any way the Company's discretion to determine the amount, if any, of the Participant's compensation.</font></div><div style="line-height:102%;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">10.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Transferability</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) The RSUs shall not be transferable other than by will, the laws of descent and distribution, pursuant to a domestic relations order entered by a court of competent jurisdiction or to a Permitted Transferee for no consideration pursuant to the Plan. Any RSU transferred to a Permitted Transferee shall be further transferable only by will, the laws of descent and distribution, pursuant to a domestic relations </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">4</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">order entered by a court of competent jurisdiction, or, for no consideration, to another Permitted Transferee of the Participant. The Shares delivered to the Participant on the Payment Date shall not be subject to transfer restrictions and shall be fully paid, non-assessable and registered in the Participant&#8217;s name.</font></div><div style="line-height:118%;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) Except as set forth in the Plan, a Participant&#8217;s rights under the Plan shall be exercisable during the Participant&#8217;s lifetime only by the Participant, or in the event of the Participant&#8217;s legal incapacity, the Participant&#8217;s legal guardian or representative.</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">11.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Withholding.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) Except as provided in the following sentence, the Company or subsidiary (as applicable) shall have the power and right to deduct, withhold or collect such amounts from the Participant to satisfy any tax, social security contribution, payroll tax or other amount required by law or regulation to be withheld with respect to any taxable event arising in relation to the RSUs including by deducting from amounts due to the Participant at any time or by deducting a portion of the Shares having a Fair Market Value (measured as of the Payment Date) sufficient to cover the amount of any applicable federal, state, local and foreign tax withholding obligation from the total Shares earned under the Award. The Participant may elect to satisfy such withholding obligation with respect to the RSUs by remitting in advance of the Payment Date an amount sufficient to satisfy such tax withholding obligations. The amount to be withheld may relate to amounts due in more than one jurisdiction and in all cases shall be as determined by the Committee in its discretion.</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) Regardless of any action by the Company with respect to any or all tax withholding (including social insurance contribution obligations, if any), the Participant acknowledges responsibility for payment of all such taxes and for filing any relevant documentation (including, without limitation, tax returns or reporting statements) that may be required in relation to the Award (including, without limitation, any such documentation related to the holding of shares or any bank or brokerage account, the subsequent sale of shares or the receipt of any dividends). The Company makes no representations regarding the treatment of any tax withholding in connection with the grant or vesting of the RSUs, any subsequent sale of shares and the receipt of dividends, if any. The Company makes no commitment to structure the terms of the grant or any aspect of the RSUs to reduce or eliminate the Participant&#8217;s liability for such tax. </font></div><div style="line-height:118%;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">12.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Securities Laws</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">This Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required, or the Committee determines are advisable. The Participant agrees to take all steps the Company determines are necessary to comply with all applicable provisions of federal and state securities law in exercising Participant&#8217;s rights under this Agreement. The Committee may impose such restrictions on any Shares acquired by a Participant pursuant to the RSUs as it may deem necessary or advisable, under applicable federal securities laws, the requirements of any stock exchange or market upon which such Shares are then listed or traded or any blue sky or state securities laws applicable to such Shares. In addition, the Shares shall be subject to any trading restrictions, stock holding requirements or other policies in effect from time to time as determined by the Committee. Notwithstanding anything to the contrary in this Agreement, the Company shall not be obligated to issue or transfer any Shares pursuant to this Award if to do so violates or is not in compliance with any laws, rules or regulations of the United States or any other state or country having applicable jurisdiction.</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#160;&#160;&#160;&#160;13.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Notices</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;Notice under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive offices of the Company and to the Participant at the address appearing </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">5</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">in the records of the Company for the Participant, or to either party at another address that the party designates in writing to the other. Notice shall be effective upon receipt.</font></div><div style="line-height:118%;text-align:justify;padding-left:50px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">14.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Governing Law</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The interpretation, performance and enforcement of the RSUs and this Agreement shall be governed by the laws of the State of Delaware without regard to principles of conflicts of law. To the extent any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the remaining provisions of this Agreement shall remain in full force and effect.</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">15.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">RSUs Subject to Plan</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font></div><div style="line-height:118%;text-align:justify;padding-left:50px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) The RSUs are granted subject to the Plan and to such rules and regulations as the Committee may adopt for administration of the Plan. The Committee is authorized to administer, construe, and make all determinations necessary or appropriate to administer the Plan and this Agreement, all of which shall be binding upon the Participant.</font></div><div style="line-height:118%;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) To the extent of any inconsistencies between the Plan and this Agreement, the Plan shall govern. This Agreement and the Plan constitute the entire agreement between the parties regarding the subject matter hereof.&#160;They supersede all other agreements, representations or understandings (whether oral or written, express or implied) that relate to the subject matter hereof.</font></div><div style="line-height:118%;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(c) The Committee may, at any time, terminate, amend, modify or suspend the Plan and amend or modify this Agreement; provided, however, that no termination, amendment, modification or suspension shall materially and adversely alter or impair the rights of the Participant under this Agreement, without the Participant&#8217;s written consent.</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:118%;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">16.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Section&#160;409A</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(a) The RSUs are intended to satisfy the requirements of Section 409A of the U.S. Internal Revenue Code and the final regulations promulgated thereunder (&#8220;Section 409A&#8221;). This Agreement shall be interpreted, administered and construed in a manner consistent with that intent. Notwithstanding the forgoing, if the Company determines that any provision of this Agreement or the Plan contravenes Section 409A or could cause the Participant to incur any tax, interest or penalties under Section 409A, the Committee may, in its sole discretion and without the Participant&#8217;s consent, modify such provision to (i) comply with, or avoid being subject to, Section 409A, or to avoid the incurrence of any taxes, interest and penalties under Section 409A, and/or (ii) maintain, to the maximum extent practicable, the original intent and economic benefit to the Participant of the applicable provision without materially increasing the cost to the Company or contravening the provisions of Section 409A. This Section 16 does not create an obligation of the Company to modify the Plan or this Agreement and does not guarantee that the RSUs will not be subject to taxes, interest and penalties under Section 409A.</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b) If a Participant is a &#8220;specified employee&#8221; as defined under Section 409A and the Participant&#8217;s Award is to be settled on account of the Participant&#8217;s separation from service (for reasons other than death) and such Award constitutes &#8220;deferred compensation&#8221; as defined under Section 409A, then any portion of the Participant&#8217;s Award that would otherwise be settled during the six-month period commencing on the Participant&#8217;s separation from service shall be settled as soon as practicable following the conclusion of the six-month period (or following the Participant&#8217;s death if it occurs during such six-month period).</font></div><div style="line-height:118%;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">17.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Recoupment</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The RSUs, the underlying Shares and any gains received in connection with the sale of the Shares shall be subject to any clawback, recoupment or similar policy as permitted or mandated </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">6</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">by applicable law, rules, regulations or any Company policy as enacted, adopted or modified from time to time.</font></div><div style="line-height:118%;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">18. </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Electronic Delivery</font><font style="font-family:Arial;font-size:11pt;">. The Company may, in its sole discretion, deliver any documents related to current or future participation in the Plan by electronic means. By accepting this Award, the Participant consents to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company, including Merrill Lynch.</font></div><div style="line-height:118%;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">19. </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Personal Data Privacy</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The Participant explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Participant&#8217;s personal data by and among, as applicable, the Company and its subsidiaries for the exclusive purpose of implementing, administering and managing the Participant&#8217;s participation in the Plan. The Participant understands that the Company may hold certain personal information about the Participant, including, but not limited to, the Participant&#8217;s name, home address and telephone number, date of birth, social security number (or any other social or national identification number), salary, nationality, job title and number of RSUs for the purpose of implementing, administering and managing the Participant&#8217;s Award (the &#8220;Data&#8221;). The Participant understands that the Data may be transferred to the Company or to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in the Participant&#8217;s country or elsewhere, and that any recipient&#8217;s country may have different data privacy laws and protections than the Participant&#8217;s country. The Participant authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Participant&#8217;s participation in the Plan.  Furthermore, the Participant acknowledges and understands that the transfer of the Data to the Company or to any third parties is necessary for the Participant&#8217;s participation in the Plan. The Participant may view the Data, request information about the storage and processing of Data, request any corrections to Data, or withdraw the consents herein (in any case, without cost to the Participant) by contacting Corporate Human Resources in writing. The withdrawal of any consent by the Participant may affect the Participant&#8217;s participation in the Plan. The Participant may contact Corporate Human Resources for further information about the consequences of any withdrawal of consents herein.</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">20.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Headings</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;The headings of sections and subsections&#160;are included solely for convenience of reference and shall not affect the meaning of the provisions of this Agreement.</font></div><div style="line-height:118%;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">21.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Successor</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;All obligations of the Company under the Plan and this Agreement, with respect to the RSUs, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.</font></div><div style="line-height:120%;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">22.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Signature in Counterparts</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;If delivered in paper format, this Agreement may be signed in counterparts. Each counterpart shall be an original, with the same effect as if the signatures were on the same instrument.</font></div><div style="line-height:118%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">23.</font><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Enforceability</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;To the extent any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the remaining provisions of this Agreement shall not be affected by such holding and shall continue in full force in accordance with their terms.</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">7</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">24.  </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Language</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;If the Participant has been provided with a copy of this Agreement, the Plan or any other document relating to this Award in a language other than English, the English language shall govern in the event of any inconsistency.</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">25.  </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Waiver</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;No failure or delay by the Company to enforce any provision of this Agreement or exercise any right or remedy provided by law shall constitute a waiver of that or any other provision, right or remedy, nor shall it prevent or restrict the further exercise of that or any other provision, right or remedy.  No single or partial exercise of such provision, right or remedy shall prevent or restrict the further exercise of that or any other provision, right or remedy.</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#160;</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">26. </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Foreign Exchange Restrictions</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">.  </font><font style="font-family:Arial;font-size:11pt;">The Participant understands and agrees that neither the Company or its subsidiaries are responsible or liable for (i) any foreign exchange fluctuations between the Participant&#8217;s local currency (if applicable) and the United States Dollar (or the selection by the Company or a subsidiary of any applicable foreign exchange rate it may determine in its discretion to be appropriate) that may affect the value of this Award or the calculated income, taxes or other amounts thereunder or any related taxes or other amounts or (ii) any decrease in the value of Shares.</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;&#32;</font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:118%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">27. </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Appendix</font><font style="font-family:Arial;font-size:11pt;">. Notwithstanding anything in this Agreement to the contrary, if the Participant resides outside of the United States, certain additional terms and conditions in the attached appendix (the &#8220;Appendix&#8221;) will apply to the Participant and the RSUs. If the Participant relocates from the United States to a country outside the United States or relocates between the jurisdictions specified in the Appendix, the additional terms and conditions, as applicable, will apply to the Participant, to the extent that the Committee determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this Agreement.</font></div><div style="line-height:118%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:118%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:138%;padding-bottom:13px;text-align:left;padding-left:50px;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#32;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">AMERICAN AXLE &amp; MANUFACTURING HOLDINGS, INC.</font></div><div style="line-height:120%;text-align:left;padding-left:240px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:1pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;">By: ______________________________</font></div><div style="line-height:120%;text-align:left;padding-left:240px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;padding-left:240px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Title: _____________________________</font></div><div style="line-height:138%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:138%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Agreed and acknowledged as of </font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">the date of grant:</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">_________________________________</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-style:italic;">(Participant's Signature)</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">8</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">APPENDIX </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">COUNTRY SPECIFIC NOTICES, TERMS AND CONDITIONS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following country-specific notices, disclaimers, and/or terms and conditions apply to grantees in the countries listed below and may be material to the Participant&#8217;s participation in the Plan. Such information may apply if the Participant resides or works in, or moves to or otherwise becomes subject to the laws or Company policies of, a particular country while holding Awards or Shares received under the Plan. In any such case, the Company may also withhold or account for tax or related liabilities in more than one jurisdiction. The Participant is solely responsible for any obligations outlined below. As local laws are often complex and change frequently and the information provided is general in nature and may not apply to the Participant&#8217;s specific situation, the Company cannot assure the Participant of any particular result, and the Participant should seek his or her own professional legal and tax advice.</font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Securities Law Notice: </font><font style="font-family:Arial;font-size:10pt;">Unless otherwise noted, neither the Company nor the Shares is registered with any local stock exchange or under the control of any local securities regulator outside the United States. The Plan, grant documentation, and any other communications or materials that the Participant may receive regarding participation in the Plan do not constitute advertising or an offering of securities outside the United States, and do not constitute a public offer. The issuance of securities described in any Plan-related documents is not intended for public offering or circulation in the Participant&#8217;s jurisdiction. </font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:138%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">European Union</font></div></td><td style="vertical-align:top;"><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Data Privacy</font></div></td></tr></table><div style="line-height:138%;text-align:left;padding-left:132px;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following supplements the Personal Data Privacy section of the Agreement:</font></div><div style="line-height:138%;text-align:left;padding-left:132px;text-indent:-132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">For purposes of European Union data protection laws, American Axle &amp; Manufacturing Holdings, Inc. with registered office at One Dauch Drive, Detroit, Michigan, MI 48211-1198, USA is the data controller. Providing personal data is voluntary but necessary to be a beneficiary of the Plan. Any personal data provided will be held only as long as is necessary to implement, administer and manage the Participant&#8217;s participation in the Plan. The Participant has a right to access and rectify his or her data and request additional information about the storage and processing of the Participant&#8217;s data, without cost, in accordance with European Union data protection law. The Participant also has the right to refuse or withdraw the consents herein.</font></div><div style="line-height:118%;text-align:left;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">For the purpose of operating the Plan, personal data in relation to Participants shall be collected, processed and transferred in accordance with the terms of any data privacy notice made available to participants. </font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Brazil</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Foreign asset reporting</font></div><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rules regarding the reporting of assets (including shares) held outside Brazil may apply to Shares received upon vesting.</font></div><div style="line-height:138%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"></font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Exchange Control Notification</font></div><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:10pt;">Specific foreign exchange rules may apply to the repatriation of any funds received in respect of the Shares.</font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:138%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">China</font></div></td><td style="vertical-align:top;"><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Exchange Control Notification</font></div></td></tr></table><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:10pt;">Specific foreign exchange rules may apply to the repatriation of any funds received in respect of the Shares.</font></div><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:-132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:118%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Czech Republic</font></div></td><td style="vertical-align:top;"><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Please refer to the European Union section above.</font></div></td></tr></table><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:-132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:118%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">France</font></div></td><td style="vertical-align:top;"><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Foreign asset reporting</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">9</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:10pt;">Rules regarding the reporting of assets (including shares) held outside France may apply to Shares received upon vesting. Please also refer to the European Union section above.</font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Germany</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;Please refer to the European Union section above.</font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">India&#160;&#160;&#160;&#160;Exchange Control Notification</font></div><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rules regarding the repatriation of proceeds from the sale of shares and dividends may apply to Shares received upon vesting.</font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Mexico</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Acknowledgment of terms of the Agreement</font></div><div style="line-height:118%;text-align:left;padding-left:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In accepting the Award, the Participant acknowledges that he or she has reviewed the terms and conditions contained in this Agreement and the Plan, fully understands and agrees with them, and in particular expressly confirms that the Participant&#8217;s participation in the Plan is voluntary and does not constitute an acquired right, and that the Plan and participation in the Plan are offered by the Company on a wholly discretionary basis.</font></div><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:118%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spain&#160;&#160;&#160;&#160;Foreign asset reporting</font></div><div style="line-height:118%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:10pt;">Rules regarding the reporting of assets (including shares) held outside Spain may apply to Shares received upon vesting. Please also refer to the European Union section above.</font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Sweden</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;Please refer to the European Union section above.</font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:138%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">United Kingdom</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Tax Withholding</font></div><div style="line-height:138%;text-align:left;padding-left:132px;text-indent:132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In addition to </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Section 11.Withholding</font><font style="font-family:Arial;font-size:10pt;">&#32;of the Agreement, the Participant acknowledges and agrees that the ultimate responsibility to pay any tax, social security contributions, payroll tax or other amounts (&#8220;Taxes Due&#8221;) required by law or regulation to be withheld with respect to any taxable event arising in relation to the RSUs, such as on settlement of the Award, is the Participant&#8217;s responsibility, and the Participant agrees to indemnify and hold the Company and the Participant&#8217;s employer harmless from any losses, costs, damages, or expenses relating to the Taxes Due. The Participant agrees that the Company and/or the employer may recover the Taxes Due from the Participant by any of the means specified in Section 11 of the Agreement or the Plan.</font></div><div style="line-height:138%;text-align:left;padding-left:132px;text-indent:-132px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:138%;text-align:left;text-indent:132px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"></font><font style="font-family:Arial;font-size:10pt;">Please also refer to the European Union section above.</font></div><div style="line-height:138%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">10</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div></div>	</body>
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