<SEC-DOCUMENT>0001193125-18-067099.txt : 20180301
<SEC-HEADER>0001193125-18-067099.hdr.sgml : 20180301
<ACCEPTANCE-DATETIME>20180301160407
ACCESSION NUMBER:		0001193125-18-067099
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180301
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:		20180301
DATE AS OF CHANGE:		20180301

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEAR CORP
		CENTRAL INDEX KEY:			0000842162
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				133386776
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11311
		FILM NUMBER:		18657222

	BUSINESS ADDRESS:	
		STREET 1:		21557 TELEGRAPH ROAD
		CITY:			SOUTHFIELD
		STATE:			MI
		ZIP:			48033
		BUSINESS PHONE:		2484471500

	MAIL ADDRESS:	
		STREET 1:		21557 TELEGRAPH ROAD
		CITY:			SOUTHFIELD
		STATE:			MI
		ZIP:			48033

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEAR CORP /DE/
		DATE OF NAME CHANGE:	19960620

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEAR SEATING CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEAR SIEGLER SEATING CORP
		DATE OF NAME CHANGE:	19900723
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d546027d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) of the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): March&nbsp;1, 2018 </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>LEAR CORPORATION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact
name of registrant as specified in its charter) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">1-11311</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">13-3386776</FONT></B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(State or other jurisdiction of incorporation)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission File Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(IRS Employer Identification Number)</B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>21557 Telegraph Road, Southfield, MI</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>48033</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(248) <FONT STYLE="white-space:nowrap">447-1500</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number, including area code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>N/A </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or
former address, if changed since last report) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;240.12b-2</FONT> of this
chapter)&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(e) of the Exchange Act&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;8 &#150; Corporate Governance and Management </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Plans. </B></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On March&nbsp;1, 2018, Lear Corporation (the &#147;Company&#148;) announced that Frank C. Orsini has been appointed Executive Vice President and President of
Seating and Jeneanne M. Hanley has been appointed Senior Vice President and President of <FONT STYLE="white-space:nowrap">E-Systems,</FONT> both appointments effective immediately. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Appointment of Frank C. Orsini and Second Amended and Restated Employment Agreement </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Previously, Mr Orsini, 45, served as Senior Vice President and President of the Company&#146;s <FONT STYLE="white-space:nowrap">E-Systems</FONT> business since
2012. Since joining the Company in 1994, Mr.&nbsp;Orsini has held a series of positions of increasing responsibility in Seating as well as in <FONT STYLE="white-space:nowrap">E-Systems.</FONT> Mr.&nbsp;Orsini earned a Bachelor&#146;s degree from
Oakland University and an executive Masters of Business Administration degree from Michigan State University. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with his appointment and
promotion to the role of Executive Vice President and President of Seating, on March&nbsp;1, 2018, the Company entered into a Second Amended and Restated Employment Agreement with Mr.&nbsp;Orsini (the &#147;Orsini Agreement&#148;). Pursuant to the
Orsini Agreement, Mr.&nbsp;Orsini&nbsp;will receive an initial annual base salary of $770,000. Mr.&nbsp;Orsini will remain eligible to participate in the Company&#146;s Annual Incentive Plan (&#147;AIP&#148;) and 2009 Long-Term Stock Incentive Plan
(&#147;LTSIP&#148;). The Orsini Agreement otherwise contains terms substantially similar to those of Mr.&nbsp;Orsini&#146;s employment agreement in effect prior to the amendment and restatement, including, but not limited to, (i)&nbsp;in the event
that Mr.&nbsp;Orsini&#146;s employment is terminated by the Company other than for &#147;cause,&#148; &#147;incapacity&#148; or due to Mr.&nbsp;Orsini&#146;s death, or by Mr.&nbsp;Orsini for &#147;good reason&#148; (as such terms are defined in the
Orsini Agreement), a severance package comprised of two times the sum of Mr.&nbsp;Orsini&#146;s annual base salary and target bonus, 24&nbsp;months of continued health coverage, full vesting of time-vested LTSIP awards
<FONT STYLE="white-space:nowrap">and&nbsp;pro-rata&nbsp;vesting</FONT> of performance-based LTSIP awards (based on actual performance), and (ii)&nbsp;restrictive covenants relating to <FONT STYLE="white-space:nowrap">non-competition,</FONT>
confidential information and <FONT STYLE="white-space:nowrap">non-solicitation</FONT> of the Company&#146;s employees and customers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The foregoing
description of the Orsini Agreement is a summary only and is qualified in its entirety by reference to the full text of the Orsini Agreement, which is attached hereto as Exhibit 10.1 and incorporated by reference herein. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Appointment of Jeneanne M. Hanley and Employment Agreement </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Previously, Ms.&nbsp;Hanley, 45, served as Vice President, Global Seat Surface Materials and Craftsmanship since 2015. Since joining the Company in 1994,
Ms.&nbsp;Hanley has had a series of positions of increasing responsibility in Seating and <FONT STYLE="white-space:nowrap">E-Systems.</FONT> In 2012, she was named Vice President, America&#146;s Seating, where she had responsibility for the
Company&#146;s <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Just-in-Time</FONT></FONT> Seating operations in the U.S., Canada, Mexico, Brazil and Argentina covering 29 manufacturing plants and 14,500 employees. Ms.&nbsp;Hanley
earned a Bachelor&#146;s of Science degree in Mechanical Engineering and a Masters of Business Administration from the University of Michigan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In
connection with her appointment and promotion to the role of Senior Vice President and President of <FONT STYLE="white-space:nowrap">E-Systems,</FONT> on March&nbsp;1, 2018, the Company entered into an Employment Agreement with Ms.&nbsp;Hanley (the
&#147;Hanley Agreement&#148;). Pursuant to the Hanley Agreement, Ms.&nbsp;Hanley will receive an initial annual base salary of $620,000 and will be eligible to participate in the AIP and LTSIP. The Hanley Agreement also contains terms substantially
similar to those contained in the Company&#146;s other executive employment agreements, including, but not limited to, (i)&nbsp;in the event that Ms.&nbsp;Hanley&#146;s employment is terminated by the Company other than for &#147;cause,&#148;
&#147;incapacity&#148; or due to Ms.&nbsp;Hanley&#146;s death, or by Ms.&nbsp;Hanley for &#147;good reason&#148; (as such terms are defined in the Hanley Agreement), a severance package comprised of two times the sum of Ms.&nbsp;Hanley&#146;s annual
base salary and target bonus, 24 months of continued health coverage, full vesting of time-vested LTSIP awards <FONT STYLE="white-space:nowrap">and&nbsp;pro-rata&nbsp;vesting</FONT> of performance-based LTSIP awards (based on actual performance),
and (ii)&nbsp;restrictive covenants relating to <FONT STYLE="white-space:nowrap">non-competition,</FONT> confidential information and <FONT STYLE="white-space:nowrap">non-solicitation</FONT> of the Company&#146;s employees and customers. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The foregoing description of the Hanley Agreement is a summary only and is qualified in its entirety by reference
to the full text of the Hanley Agreement, which is attached hereto as Exhibit 10.2 and incorporated by reference herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated herein by reference. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;9 &#150; Financial Statements and Exhibits </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Exhibits: </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="90%"></TD></TR>
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<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.10pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Exhibit&nbsp;No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


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<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d546027dex101.htm">Second Amended and Restated Employment Agreement, dated March&nbsp;1, 2018, between Lear Corporation and Frank C. Orsini </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d546027dex102.htm">Employment Agreement, dated March&nbsp;1, 2018, between Lear Corporation and Jeneanne M. Hanley </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d546027dex991.htm">Press Release issued March&nbsp;1, 2018 </A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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
thereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"><B>Lear Corporation</B></TD></TR>
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<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: March&nbsp;1, 2018</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Jeffrey H. Vanneste</TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Jeffrey H. Vanneste</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President and Chief Financial Officer</TD></TR>
</TABLE>
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d546027dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Execution Copy </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND
AMENDED AND RESTATED EMPLOYMENT AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS SECOND AMENDED AND RESTATED<B> </B>EMPLOYMENT AGREEMENT (this
&#147;<U>Agreement</U>&#148;) is dated as of March&nbsp;1, 2018, between Lear Corporation, a Delaware corporation (the &#147;<U>Company</U>&#148;) and Frank C. Orsini (&#147;<U>Executive</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company has employed Executive in various senior officer positions, most recently as Senior Vice President and President, <FONT
STYLE="white-space:nowrap">E-Systems</FONT> of the Company; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Executive has been appointed to the position of Executive Vice
President and President, Seating of the Company, effective March&nbsp;1, 2018 (the &#147;<U>Effective Date</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the
Company and Executive are currently parties to an existing employment agreement, dated September&nbsp;12, 2012 (the &#147;<U>Existing Agreement</U>&#148;), which will expire by its terms upon the effectiveness of this Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company desires to have the benefit of Executive&#146;s continued service and the restrictive covenants contained herein; and
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, in recognition of Executive&#146;s promotion to the position of Executive Vice President and President, Seating of the Company,
the parties desire to enter into a new employment agreement reflecting the terms of Executive&#146;s continuing employment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW,
THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereby agree as follows:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<B>Term of Agreement.</B> This Agreement shall commence on and as of the Effective Date and continue until Executive&#146;s
employment has terminated and the obligations of the parties hereunder have terminated or expired or have been satisfied in accordance with their terms, or if earlier, upon the execution of a new employment agreement by the parties hereto (the
&#147;<U>Term</U>&#148;). The Existing Agreement shall hereby terminate as of the Effective Date, and the terms of this Agreement thereupon shall supersede the terms of the Existing Agreement in their entirety. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<B>Terms of Employment.</B> During the Term, Executive agrees to be a full-time employee of the Company serving in the position of
Executive Vice President and President, Seating of the Company. Executive agrees to devote substantially all of his working time and attention to the business and affairs of the Company, to discharge the responsibilities associated with his position
with the Company, and to use his best efforts to perform faithfully and efficiently such responsibilities. Nothing herein shall prohibit Executive from devoting his time to civic and community activities, serving as a member of the Board of
Directors of other corporations that do not compete with the Company, or managing personal investments, as long as the foregoing do not interfere with the performance of Executive&#146;s duties hereunder or violate the terms of the Company&#146;s
Code of Business Conduct and Ethics, the Company&#146;s Corporate Governance Guidelines, or other policies applicable to the Company&#146;s executives generally, as those policies may be amended from time to time by the Company. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;<B>Compensation.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;As compensation for Executive&#146;s services under this Agreement, Executive shall be entitled during the Term to
receive an initial base salary the annualized amount of which shall be $770,000, to be paid in accordance with existing payroll practices for executives of the Company. Increases in Executive&#146;s base salary, if any, shall be as approved by the
Compensation Committee of the Board of Directors of the Company (the &#147;<U>Board</U>&#148;). In addition, Executive shall be eligible to receive an annual incentive compensation bonus (&#147;<U>Bonus</U>&#148;) and awards under the Company&#146;s
Long-Term Stock Incentive Plan or successor plan (the &#147;<U>LTSIP</U>&#148;), each to be approved from time to time by the Compensation Committee of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;During the Term, Executive shall be eligible for participation in the welfare, retirement, and other benefit plans,
practices, policies and programs, as may be in effect from time to time, for senior executives of the Company generally. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;During the Term, Executive shall be eligible for prompt reimbursement for business expenses reasonably incurred by
Executive in accordance with the Company&#146;s policies, as may be in effect from time to time, for its senior executives generally. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;<B>Termination of Employment.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<B>Notice. </B>The employment relationship may be terminated by the Company with or without Cause or for
Incapacity, or by Executive with or without Good Reason, all as defined below, by giving a Notice of Termination. For purposes of this Agreement, a &#147;Notice of Termination&#148; shall mean a notice which shall indicate the specific termination
provision in this Agreement relied upon, if any, and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive&#146;s employment under the provision so indicated. All notices under this
Section&nbsp;4(a) shall be given in accordance with the requirements of Section&nbsp;8. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<B>Incapacity.</B> If
the Company reasonably determines that Executive is unable at any time to perform the duties of Executive&#146;s position because of a serious illness, injury, impairment, or physical or mental condition and Executive is not eligible for or has
exhausted all leave to which Executive may be entitled under the Family and Medical Leave Act (&#147;<U>FMLA</U>&#148;) or, if more generous, other applicable state or local law, the Company may terminate Executive&#146;s employment for
&#147;Incapacity&#148;. In addition, at any time that Executive is on a leave of absence, the Company may temporarily reassign the duties of Executive&#146;s position to one or more other executives without creating a basis for Executive&#146;s Good
Reason resignation, provided that the Company restores such duties to Executive upon Executive&#146;s return to work. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<B>Cause.</B> Termination of Executive&#146;s employment for
&#147;Cause&#148; shall mean termination upon: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;an act of fraud, embezzlement or theft by Executive in
connection with Executive&#146;s duties or in the course of Executive&#146;s employment with the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;Executive&#146;s material breach of any provision of this Agreement, provided that in those instances in which
Executive&#146;s material breach is capable of being cured, Executive has failed to cure within a thirty (30)&nbsp;day period after notice from the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;an act or omission, which is (x)&nbsp;willful or grossly negligent, (y)&nbsp;contrary to established policies or
practices of the Company, and (z)&nbsp;materially harmful to the business or reputation of the Company, or to the business of the Company&#146;s customers or suppliers as such relate to the Company; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;a plea of <I>nolo contendere</I> to, or conviction for, a felony.<B> </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<B>Good Reason.</B> For purposes of this Agreement, &#147;Good Reason&#148; shall mean the occurrence of any of the
following circumstances or events: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;any reduction by the Company in Executive&#146;s base salary or adverse
change in the manner of computing Executive&#146;s incentive compensation opportunity, as in effect from time to time; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;the failure by the Company to pay or provide to Executive any amounts of base salary or earned incentive
compensation or any benefits which are due, owing and payable to Executive, or to pay to Executive any portion of an installment of deferred compensation due under any deferred compensation program of the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;the failure by the Company to&nbsp;continue to provide Executive with benefits substantially similar in the
aggregate to the Company&#146;s life insurance, medical, dental, health, accident or disability plans in which Executive is participating at the date of this Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;except on a temporary basis as described in Section&nbsp;4(b), a material adverse change in Executive&#146;s
responsibilities, position, reporting relationships, authority or duties. For purposes of clarification, Executive agrees that it will not be a material adverse change for the Company to reassign Executive to a position with at least substantially
similar responsibilities and authority; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(v)&nbsp;&nbsp;&nbsp;&nbsp;the transfer of Executive&#146;s principal place of employment to a
location fifty (50)&nbsp;or more miles from its location immediately preceding the transfer; or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(vi)&nbsp;&nbsp;&nbsp;&nbsp;without limiting the generality or effect of the foregoing, any
material breach of this Agreement by the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything else herein, Good Reason shall not exist if, with regard to
the circumstances or events relied upon in Executive&#146;s Notice of Termination: (x)&nbsp;Executive failed to provide a Notice of Termination to the Company within sixty (60)&nbsp;days of the date Executive knew or should have known of such
circumstances or events, (y)&nbsp;the circumstances or events are fully corrected by the Company prior to the Date of Termination, or (z)&nbsp;Executive gives Executive&#146;s express written consent to the circumstances or events. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;<B>Date of Termination.</B> &#147;Date of Termination&#148; shall mean: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;if Executive&#146;s employment is terminated by reason of Executive&#146;s death, the date of Executive&#146;s
death; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;if Executive&#146;s employment is terminated by the Company for any reason other than because of
Executive&#146;s death, the date specified in the Notice of Termination (which shall not be prior to the date of the notice); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;if Executive&#146;s employment is terminated by Executive for any reason, the Date of Termination shall be not
less than thirty (30)&nbsp;nor more than sixty (60)&nbsp;days from the date such Notice of Termination is given, or such earlier date after the date such Notice of Termination is given as may be identified by the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Unless the Company instructs Executive not to do so, Executive shall continue to perform services as provided in this Agreement through the
Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;<B>Employee Benefits.</B> A termination by the Company pursuant to Section&nbsp;4(c)
hereof or by Executive pursuant to Section&nbsp;4(d) hereof shall not affect any rights which Executive may have pursuant to any other agreement, policy, plan, program or arrangement of the Company providing employee benefits, which rights shall be
governed by the terms thereof and by Section&nbsp;5; provided, however, that if Executive shall have received or shall be receiving benefits under Section&nbsp;5(b) hereof, Executive shall not be entitled to receive benefits under any other policy,
plan, program or arrangement of the Company providing severance compensation to which Executive would otherwise be entitled. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;<B>Compensation Upon Termination.</B> Upon Executive&#146;s termination of employment, Executive shall receive: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;If Executive&#146;s employment shall be terminated by the Company for Incapacity or for Cause, by Executive without
Good Reason, or upon Executive&#146;s death, the Company shall pay to Executive (or, in the event of Executive&#146;s death, to Executive&#146;s beneficiary or estate), when the same would otherwise have been due, the base salary and any other
accrued amounts then payable through the Date of Termination and shall have no further obligations under this Agreement, other than as set forth in Section&nbsp;5(c) hereof, as applicable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;If Executive&#146;s employment shall be terminated (a)&nbsp;by the
Company, except for a termination by the Company for Cause or Incapacity (or due to Executive&#146;s death), or (b)&nbsp;by Executive for Good Reason, then Executive shall be entitled to the benefits provided below, in addition to the benefits
provided in Section&nbsp;5(c) hereof, as applicable: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;The Company shall pay Executive Executive&#146;s full
base salary through the Date of Termination at the rate in effect at the time Notice of Termination is given (or, if greater, at the rate in effect at any time within 90 days prior to the time Notice of Termination is given), plus all other amounts
to which Executive is entitled under any compensation or benefit plans of the Company, including, without limitation, any accrued amounts under any retention or incentive plan, and including incentive compensation prorated for any applicable
measurement period occurring prior to the Date of Termination, at the time such payments are due, except as otherwise provided below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;an amount (the &#147;<U>Severance Payment</U>&#148;) equal to two (2)&nbsp;times the sum of: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(A)&nbsp;&nbsp;&nbsp;&nbsp;the greater of (I)&nbsp;Executive&#146;s annual base salary rate in effect as of the Effective Date or
(II)&nbsp;Executive&#146;s annual base salary rate in effect as of the Date of Termination; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(B)&nbsp;&nbsp;&nbsp;&nbsp;the greater
of (I)&nbsp;Executive&#146;s annual incentive Bonus target amount in effect as of the Effective Date or (II)&nbsp;Executive&#146;s annual incentive Bonus target amount in effect as of the Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The Severance Payment will be paid in a lump sum as soon as practicable following the Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;The Company shall arrange to provide to Executive, Executive&#146;s dependents, and beneficiaries, for the
Severance Period, benefits provided under any &#147;welfare benefit plan&#148; of the Company (as the term &#147;welfare benefit plan&#148; is defined in Section&nbsp;3(1) of the Employee Retirement Income Security Act of 1974, as amended)
(&#147;<U>Welfare Benefits</U>&#148;). If and to the extent that any such Welfare Benefits shall not or cannot be paid or provided under any policy, plan, program or arrangement of the Company (A)&nbsp;solely due to the fact that Executive is no
longer an officer or employee of the Company or (B)&nbsp;as a result of the amendment or termination of any plan providing for Welfare Benefits, the Company shall then itself pay or provide for the payment of such Welfare Benefits to Executive,
Executive&#146;s dependents and beneficiaries. Without otherwise limiting the purposes or effect of the no mitigation obligation in Section&nbsp;5(f) hereof, Welfare Benefits payable to Executive (including Executive&#146;s dependents and
beneficiaries) pursuant to this Section&nbsp;5(b)(iii) shall be reduced to the extent comparable welfare benefits are actually received by Executive (including Executive&#146;s dependents and beneficiaries) from another employer during such period,
and any such benefits actually received by Executive shall be reported by Executive to the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Executive&#146;s right to receive the Severance Payment and Welfare Benefits under this
Section&nbsp;5(b) (collectively, the &#147;<U>Severance Benefits</U>&#148;) is conditioned upon the Executive&#146;s execution of a general release agreement (a &#147;<U>Release</U>&#148;) in form and substance reasonably acceptable to the Company
in connection with Executive&#146;s termination of employment. Such Severance Benefits shall be payable only if Executive executes and delivers a Release (and any revocation period expires) no later than forty-five (45)&nbsp;calendar days after the
Executive&#146;s termination of employment. Such amounts shall not become payable until forty-five (45)&nbsp;calendar days after the termination of employment, regardless of when the Release is returned to the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;If Executive&#146;s employment shall be terminated by the Company for Incapacity or for any reason other than
Cause, by Executive for Good Reason, or upon Executive&#146;s death, (i)&nbsp;any unvested awards under the LTSIP held by Executive that vest based on the passage of time shall immediately vest in their entirety upon such termination, and
(ii)&nbsp;with respect to unvested awards under the LTSIP held by Executive that vest based on the achievement of performance criteria, Executive shall be entitled to receive a pro rata portion (based on the number of full calendar months in the
performance period prior to such termination) of the amount Executive would have been entitled to receive under such awards (and at the same time) had he remained employed until the last day of the applicable performance period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;The Company may not <FONT STYLE="white-space:nowrap">set-off</FONT> or counterclaim losses, fines or damages in
respect of any claim, debt or obligation against any payment to or benefit for Executive provided for in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;Without limiting Executive&#146;s rights at law or in equity, if the Company fails to make any payment or provide
any benefit required to be made or provided hereunder within thirty (30)&nbsp;days of the date it is due, the Company will pay interest on the amount or value thereof at an annualized rate of interest equal to the &#147;prime rate&#148; as quoted
from time to time during the relevant period in The Wall Street Journal, plus three percent. Such interest will be payable as it accrues on demand. Any change in such prime rate will be effective on and as of the date of such change. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;The Company acknowledges that its severance pay plans and policies applicable in general to its salaried employees
do not provide for mitigation, offset or reduction of any severance payment received thereunder. Accordingly, the parties hereto expressly agree that the payment of the severance compensation by the Company to Executive in accordance with the terms
of this Agreement shall be liquidated damages and that Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, nor shall any profits, income, earnings or other
benefits from any source whatsoever create any mitigation, offset, reduction or any other obligation on the part of Executive hereunder or otherwise, except as expressly provided in this Section&nbsp;5. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;<B>Travel.</B> Executive shall be required to travel to the extent reasonably necessary
for the performance of Executive&#146;s responsibilities under this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7.&nbsp;&nbsp;&nbsp;&nbsp;<B>Successors; Binding Agreement.</B> The
Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all the business and/or assets of the Company, to expressly assume and agree to perform this Agreement in the
same manner and to the same extent that the Company would be required to perform it if no such succession had taken place, and will assign its rights and obligations hereunder to such successor. Failure of the Company to make such an assignment and
to obtain such assumption and agreement prior to the effectiveness of any such succession, unless Executive agrees otherwise in writing with the Company or the successor, shall entitle Executive to compensation from the Company in the same amount
and on the same terms as Executive would be entitled to hereunder if Executive terminates Executive&#146;s employment for Good Reason and the date on which any such succession becomes effective shall be deemed Executive&#146;s Date of Termination.
As used in this Agreement, &#147;Company&#148; shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. This
Agreement shall inure to the benefit of and be enforceable by Executive&#146;s personal or legal representatives, executors, administrators, successors, heirs, distributees and/or legatees. This Agreement is personal in nature and neither of the
parties hereto shall, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided in this Section&nbsp;7. Without limiting the generality of the foregoing,
Executive&#146;s right to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive&#146;s will or by the laws of descent and
distribution and, in the event of any attempted assignment or transfer contrary to this Section&nbsp;7, the Company shall have no liability to pay to the purported assignee or transferee any amount so attempted to be assigned or transferred. The
Company and Executive recognize that each party will have no adequate remedy at law for any material breach by the other of any of the agreements contained herein and, in the event of any such breach, the Company and Executive hereby agree and
consent that the other shall be entitled to a decree of specific performance, mandamus or other appropriate remedy to enforce performance of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">8.&nbsp;&nbsp;&nbsp;&nbsp;<B>Notices.</B> For the purpose of this Agreement, notices and all other communications provided for in this Agreement shall be in
writing, and shall be deemed to have been duly given when delivered by hand, or mailed by United States certified mail, return receipt requested, postage prepaid, or sent by Federal Express or similar overnight courier service, addressed to the
respective addresses set forth on the signature page of this Agreement, or sent by facsimile with confirmation of receipt to the respective facsimile numbers set forth on the signature page of this Agreement, provided that all notices to the Company
shall be directed to the attention of the Secretary of the Company (or, if Executive is the Secretary at the time such notice is to be given, to the Chairman of the Company&#146;s Board of Directors), or to such other address or facsimile number as
either party may have furnished to the other in writing in accordance herewith, except that notice of change of address or facsimile number shall be effective only upon receipt. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">9.&nbsp;&nbsp;&nbsp;&nbsp;<B>Noncompetition.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;From the Effective Date until the Date of Termination, Executive agrees not to engage in any Competitive Activity.
For purposes of this Agreement, the term &#147;Competitive Activity&#148; shall mean Executive&#146;s participation as an employee or consultant, without the written consent of the Board or any authorized committee thereof, in the management of any
business enterprise anywhere in the world if such enterprise is a &#147;Significant Customer&#148; of any product or service of the Company or engages in competition with any product or service of the Company (including without limitation any
enterprise that is a supplier to an original equipment automotive vehicle manufacturer) or is planning to engage in such competition. For purposes of this Agreement, the term &#147;Significant Customer&#148; shall mean any customer who represents in
excess of 5% of the Company&#146;s sales in any of the three calendar years prior to the date of determination. &#147;Competitive Activity&#148; shall not include the mere ownership of, and exercise of rights appurtenant to, securities of a
publicly-traded company representing 5% or less of the total voting power and 5% or less of the total value of such an enterprise. Executive agrees that the Company is a global business and that it is appropriate for this Section&nbsp;9 to apply to
Competitive Activity conducted anywhere in the world. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Executive agrees not to engage directly or indirectly in
any Competitive Activity (i)&nbsp;until one (1)&nbsp;year after the Date of Termination if Executive is terminated by the Company for Cause, or Executive terminates Executive&#146;s employment for other than Good Reason, or (ii)&nbsp;until two
(2)&nbsp;years after the Date of Termination in all other circumstances. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Executive shall not directly or
indirectly, either on Executive&#146;s own account or with or for anyone else, solicit or attempt to solicit any of the Company&#146;s customers, solicit or attempt to solicit for any business endeavor or hire or attempt to hire any employee of the
Company, or otherwise divert or attempt to divert from the Company any business whatsoever or interfere with any business relationship between the Company and any other person, (i)&nbsp;until one (1)&nbsp;year after the Date of Termination if
Executive is terminated by the Company for Cause, or Executive terminates Executive&#146;s employment for other than Good Reason, or (ii)&nbsp;until two (2)&nbsp;years after the Date of Termination in all other circumstances. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;Executive acknowledges and agrees that damages in the event of a breach or threatened breach of the covenants in
this Section&nbsp;9 will be difficult to determine and will not afford a full and adequate remedy, and therefore agree that the Company, in addition to seeking actual damages pursuant to Section&nbsp;9 hereof, may seek specific enforcement of the
covenant not to compete in any court of competent jurisdiction, including, without limitation, by the issuance of a temporary or permanent injunction, without the necessity of a bond. Executive and the Company agree that the provisions of this
covenant not to compete are reasonable. However, should any court or arbitrator determine that any provision of this covenant not to compete is unreasonable, either in period of time, geographical area, or otherwise, the parties agree that this
covenant not to compete should be interpreted and enforced to the maximum extent which such court or arbitrator deems reasonable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">10.&nbsp;&nbsp;&nbsp;&nbsp;<B>Confidentiality and Cooperation.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Executive shall not knowingly use, disclose or reveal to any unauthorized person, at any time after the Effective
Date, any trade secret or other confidential information relating to the Company or any of its affiliates, or any of their respective businesses or principals, such as, without limitation, dealers&#146; or distributor&#146;s lists, information
regarding personnel and manufacturing processes, marketing and sales plans, pricing or cost information, and all other such information; and Executive confirms that such information is the exclusive property of the Company and its affiliates. Upon
termination of Executive&#146;s employment, Executive agrees to return to the Company on demand by the Company all memoranda, books, papers, letters and other data, and all copies thereof or therefrom, in any way relating to the business of the
Company and its affiliates, whether made by Executive or otherwise in Executive&#146;s possession. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Any design,
engineering methods, techniques, discoveries, inventions (whether patentable or not), formulae, formulations, technical and product specifications, bill of materials, equipment descriptions, plans, layouts, drawings, computer programs, assembly,
quality control, installation and operating procedures, operating manuals, strategic, technical or marketing information, designs, data, secret knowledge, <FONT STYLE="white-space:nowrap">know-how</FONT> and all other information of a confidential
nature prepared or produced during the period of Executive&#146;s employment and which ideas, processes, and other materials or information relate to any of the businesses of the Company, shall be owned by the Company and its affiliates whether or
not Executive should in fact execute an assignment thereof or other instrument or document which may be reasonably necessary to protect and secure such rights to the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(c) &nbsp;&nbsp;&nbsp;&nbsp;Following the termination of Executive&#146;s employment, Executive agrees to make himself reasonably available to
the Company to respond to periodic requests for information relating to the Company or Executive&#146;s employment which may be within Executive&#146;s knowledge. Executive further agrees to cooperate fully with the Company in connection with any
and all existing or future depositions, litigation, or investigations brought by or against the Company, any entity related to the Company, or any of its (their) agents, officers, directors or employees, whether administrative, civil or criminal in
nature, in which and to the extent the Company deems Executive&#146;s cooperation necessary. In the event that Executive is subpoenaed in connection with any litigation or investigation, Executive will immediately notify the Company. Executive shall
not receive any additional compensation, other than reimbursement for reasonable costs and expenses incurred by Executive, in complying with the terms of this Section&nbsp;10(c). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;For the avoidance of doubt, this Section&nbsp;10 does not prohibit or restrict Executive (or Executive&#146;s
attorney) from responding to any inquiry about this Agreement or its underlying facts and circumstances by the Securities and Exchange Commission, the Financial Industry Regulatory Authority, any other self-regulatory organization or
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
governmental entity, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation. Executive understands and acknowledges that he does not need
the prior authorization of the Company to make any such reports or disclosures and that he is not required to notify the Company that he has made such reports or disclosures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.&nbsp;&nbsp;&nbsp;&nbsp;<B>Arbitration.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Except as contemplated by Section&nbsp;9(d) or Section&nbsp;11(c) hereof, any dispute or controversy arising under
or in connection with this Agreement that cannot be mutually resolved by the parties to this Agreement and their respective advisors and representatives shall be settled exclusively by arbitration in Southfield, Michigan, before one arbitrator of
exemplary qualifications and stature, who shall be selected jointly by an individual to be designated by the Company and an individual to be selected by Executive, or if such two individuals cannot agree on the selection of the arbitrator, who shall
be selected pursuant to the procedures of the American Arbitration Association, and such arbitration shall be conducted in accordance with the Employment Dispute Resolution Rules of the American Arbitration Association then in effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;The parties agree to use their best efforts to cause (i)&nbsp;the two individuals set forth in the preceding
Section&nbsp;11(a), or, if applicable, the American Arbitration Association, to appoint the arbitrator within thirty (30)&nbsp;days of the date that a party hereto notifies the other party that a dispute or controversy exists that necessitates the
appointment of an arbitrator, and (ii)&nbsp;any arbitration hearing to be held within thirty (30)&nbsp;days of the date of selection of the arbitrator, and, as a condition to his or her selection, such arbitrator must consent to be available for a
hearing, at such time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Judgment may be entered on the arbitrator&#146;s award in any court having
jurisdiction, provided that Executive shall be entitled to seek specific performance of Executive&#146;s right to be paid and to participate in benefit programs during the pendency of any dispute or controversy arising under or in connection with
this Agreement. The Company and Executive hereby agree that the arbitrator shall be empowered to enter an equitable decree mandating specific performance of the terms of this Agreement. If any dispute under this Section&nbsp;11 shall be pending,
Executive shall continue to receive at a minimum the base salary which Executive was receiving immediately prior to the act or omission which forms the basis for the dispute. At the close of the arbitration, such continued base salary payments may
be offset against any damages awarded to Executive or may be recovered from Executive if it is determined that Executive was not entitled to the continued payment of base salary under the other provisions of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12.&nbsp;&nbsp;&nbsp;&nbsp;<B>Modifications.</B> No provision of this Agreement may be modified, amended, waived or discharged unless such modification,
amendment, waiver or discharge is agreed to in writing and signed by both Executive and such officer of the Company as may be specifically designated by the Board. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">13.&nbsp;&nbsp;&nbsp;&nbsp;<B>No Implied Waivers.</B> Failure of either party at any time to require performance
by the other party of any provision hereof shall in no way affect the full right to require such performance at any time thereafter. Waiver by either party of a breach of any obligation hereunder shall not constitute a waiver of any succeeding
breach of the same obligation. Failure of either party to exercise any of its rights provided herein shall not constitute a waiver of such right. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">14.&nbsp;&nbsp;&nbsp;&nbsp;<B>Governing Law.</B> The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of
the State of Michigan without giving effect to any conflicts of laws rules. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">15.&nbsp;&nbsp;&nbsp;&nbsp;<B>Payments Net of Taxes.</B> Any payments
provided for herein which are subject to Federal, State, local or other governmental tax or other withholding requirements or obligations, shall have such amounts withheld prior to payment, and the Company shall be considered to have fully satisfied
its obligation hereunder by making such payments to Executive net of and after deduction for all applicable withholding obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">16.&nbsp;&nbsp;&nbsp;&nbsp;<B>Capacity of Parties.</B> The parties hereto warrant that they have the capacity and authority to execute this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">17.&nbsp;&nbsp;&nbsp;&nbsp;<B>Validity.</B> The invalidity or unenforceability of any provision of this Agreement shall not, at the option of the party for
whose benefit such provision was intended, affect the validity or enforceability of any other provision of the Agreement, which shall remain in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">18.&nbsp;&nbsp;&nbsp;&nbsp;<B>Counterparts.</B> This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but
all of which together will constitute one and the same instrument. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">19.&nbsp;&nbsp;&nbsp;&nbsp;<B>Entire Agreement.</B> On and after the Effective Date,
this Agreement shall contain the entire agreement by the parties with respect to the matters covered herein and supersedes any prior agreement (including, but not limited to, the Existing Agreement), condition, practice, custom, usage and obligation
with respect to such matters insofar as any such prior agreement, condition, practice, custom, usage or obligation might have given rise to any enforceable right. No agreements, understandings or representations, oral or otherwise, express or
implied, with respect to the subject matter hereof have been made by either party which are not expressly set forth in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">20.&nbsp;&nbsp;&nbsp;&nbsp;<B>Legal Fees and Expenses.</B> It is the intent of the Company that Executive not be required to incur the expenses associated
with the enforcement of Executive&#146;s rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to Executive hereunder. Accordingly,
the Company shall pay or cause to be paid and be solely responsible for any and all reasonable attorneys&#146; and related fees and expenses incurred by Executive (i)&nbsp;as a result of the Company&#146;s failure to perform this Agreement or any
provision hereof or (ii)&nbsp;as a result of the Company unreasonably or maliciously contesting the validity or enforceability of this Agreement or any provision hereof as aforesaid. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">21.&nbsp;&nbsp;&nbsp;&nbsp;<B>Code Section</B><B></B><B>&nbsp;409A. </B>Notwithstanding anything to the contrary
in Section&nbsp;5 hereof, and to the maximum extent permitted by law, this Agreement shall be interpreted in such a manner that all payments of Severance Benefits to Executive under this Agreement are either exempt from, or comply with,
Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (the &#147;<U>Code</U>&#148;), and the regulations and other interpretive guidance issued thereunder (collectively, &#147;<U>Section</U><U></U><U>&nbsp;409A</U>&#148;), including
without limitation any such regulations or other guidance that may be issued after the Effective Date. For purposes of Section&nbsp;409A, the right to a series of installment payments under this Agreement shall be treated as a right to a series of
separate payments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The &#147;Lear Corporation Code Section&nbsp;409A Policies and Procedures&#148; as in effect on the Effective Date are hereby
incorporated by reference in this Agreement as if set forth herein, and shall supersede any conflicting provisions of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">22.&nbsp;&nbsp;&nbsp;&nbsp;<B>No Excise Tax <FONT STYLE="white-space:nowrap">Gross-Up;</FONT> Possible Reduction of Payments.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;If it is determined that any amount or benefit to be paid or payable to Executive under this Agreement or otherwise
in conjunction with his employment (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise in conjunction with his employment) would give rise to liability of Executive for the excise tax imposed
by Section&nbsp;4999 of the Code, as amended from time to time, or any successor provision (the &#147;<U>Excise Tax</U>&#148;), then the amount or benefits payable to Executive (the total value of such amounts or benefits, the
&#147;<U>Payments</U>&#148;) shall be reduced by the Company to the extent necessary so that no portion of the Payments to Executive is subject to the Excise Tax; provided, however, such reduction shall be made only if it results in the Executive
retaining a greater amount of Payments on an <FONT STYLE="white-space:nowrap">after-tax</FONT> basis (taking into account the Excise Tax and applicable federal, state, and local income and payroll taxes). In the event Payments are required to be
reduced pursuant to this Section&nbsp;22(a), they shall be reduced in the following order of priority in a manner consistent with Section&nbsp;409A: (i)&nbsp;first from cash compensation, (ii)&nbsp;next from equity compensation, then <FONT
STYLE="white-space:nowrap">(iii)&nbsp;pro-rata</FONT> among all remaining Payments and benefits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;The
independent public accounting firm serving as the Company&#146;s auditing firm, or such other accounting firm, law firm or professional consulting services provider of national reputation and experience reasonably acceptable to the Company and
Executive (the &#147;<U>Accountants</U>&#148;) shall make in writing in good faith all calculations and determinations under this Section&nbsp;22, including the assumptions to be used in arriving at any calculations. For purposes of making the
calculations and determinations under this Section&nbsp;22, the Accountants and each other party may make reasonable assumptions and approximations concerning the application of Section&nbsp;280G and Section&nbsp;4999 of the Code. The Company and
Executive shall furnish to the Accountants and each other such information and documents as the Accountants and each other may reasonably request to make the calculations and determinations under this Section&nbsp;22. The Company shall bear all
costs the Accountants incur in connection with any calculations contemplated hereby. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first above
written. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3">LEAR CORPORATION</TD></TR>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Raymond E. Scott</TD></TR>
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<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">Raymond E. Scott</TD></TR>
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<TD VALIGN="top">Title:</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">President and Chief Executive Officer</TD></TR>
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<TD VALIGN="top" COLSPAN="3">EXECUTIVE:</TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Frank C. Orsini</TD></TR>
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<TD VALIGN="top">Frank C. Orsini</TD></TR>
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<TYPE>EX-10.2
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<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Execution Copy </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EMPLOYMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS EMPLOYMENT AGREEMENT (this &#147;<U>Agreement</U>&#148;) is dated as of March&nbsp;1, 2018, between Lear Corporation, a Delaware
corporation (the &#147;<U>Company</U>&#148;) and Jeneanne M. Hanley (&#147;<U>Executive</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company has employed
Executive in various senior officer positions, most recently as Vice President, Global Seat Surface Materials and Craftsmanship of the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Executive has been appointed to the position of Senior Vice President and President of
<FONT STYLE="white-space:nowrap">E-Systems</FONT> of the Company, effective March&nbsp;1, 2018 (the &#147;<U>Effective Date</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company desires to have the benefit of Executive&#146;s continued service and the restrictive covenants contained herein; and
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, in recognition of Executive&#146;s promotion to the position of Senior Vice President and President of <FONT
STYLE="white-space:nowrap">E-Systems</FONT> of the Company, the parties desire to enter into a new employment agreement reflecting the terms of Executive&#146;s continuing employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<B>Term
of Agreement.</B> This Agreement shall commence on and as of the Effective Date and continue until Executive&#146;s employment has terminated and the obligations of the parties hereunder have terminated or expired or have been satisfied in
accordance with their terms, or if earlier, upon the execution of a new employment agreement by the parties hereto (the &#147;<U>Term</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<B>Terms of Employment.</B> During the Term, Executive agrees to be a full-time employee of the Company serving in the position of
Senior Vice President and President of <FONT STYLE="white-space:nowrap">E-Systems</FONT> of the Company. Executive agrees to devote substantially all of her working time and attention to the business and affairs of the Company, to discharge the
responsibilities associated with her position with the Company, and to use her best efforts to perform faithfully and efficiently such responsibilities. Nothing herein shall prohibit Executive from devoting her time to civic and community
activities, serving as a member of the Board of Directors of other corporations that do not compete with the Company, or managing personal investments, as long as the foregoing do not interfere with the performance of Executive&#146;s duties
hereunder or violate the terms of the Company&#146;s Code of Business Conduct and Ethics, the Company&#146;s Corporate Governance Guidelines, or other policies applicable to the Company&#146;s executives generally, as those policies may be amended
from time to time by the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;<B>Compensation.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;As compensation for Executive&#146;s services under this Agreement, Executive shall be entitled during the Term to
receive an initial base salary the annualized amount of which shall </P>

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be $620,000, to be paid in accordance with existing payroll practices for executives of the Company. Increases in Executive&#146;s base salary, if any, shall be as approved by the Compensation
Committee of the Board of Directors of the Company (the &#147;<U>Board</U>&#148;). In addition, Executive shall be eligible to receive an annual incentive compensation bonus (&#147;<U>Bonus</U>&#148;) and awards under the Company&#146;s Long-Term
Stock Incentive Plan or successor plan (the &#147;<U>LTSIP</U>&#148;), each to be approved from time to time by the Compensation Committee of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;During the Term, Executive shall be eligible for participation in the welfare, retirement, and other benefit plans,
practices, policies and programs, as may be in effect from time to time, for senior executives of the Company generally. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;During the Term, Executive shall be eligible for prompt reimbursement for business expenses reasonably incurred by
Executive in accordance with the Company&#146;s policies, as may be in effect from time to time, for its senior executives generally. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;<B>Termination of Employment.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<B>Notice. </B>The employment relationship may be terminated by the Company with or without Cause or for
Incapacity, or by Executive with or without Good Reason, all as defined below, by giving a Notice of Termination. For purposes of this Agreement, a &#147;Notice of Termination&#148; shall mean a notice which shall indicate the specific termination
provision in this Agreement relied upon, if any, and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive&#146;s employment under the provision so indicated. All notices under this
Section&nbsp;4(a) shall be given in accordance with the requirements of Section&nbsp;8. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<B>Incapacity.</B> If
the Company reasonably determines that Executive is unable at any time to perform the duties of Executive&#146;s position because of a serious illness, injury, impairment, or physical or mental condition and Executive is not eligible for or has
exhausted all leave to which Executive may be entitled under the Family and Medical Leave Act (&#147;<U>FMLA</U>&#148;) or, if more generous, other applicable state or local law, the Company may terminate Executive&#146;s employment for
&#147;Incapacity&#148;. In addition, at any time that Executive is on a leave of absence, the Company may temporarily reassign the duties of Executive&#146;s position to one or more other executives without creating a basis for Executive&#146;s Good
Reason resignation, provided that the Company restores such duties to Executive upon Executive&#146;s return to work. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<B>Cause.</B> Termination of Executive&#146;s employment for &#147;Cause&#148; shall mean termination upon: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;an act of fraud, embezzlement or theft by Executive in connection with Executive&#146;s duties or in the course of
Executive&#146;s employment with the Company; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;Executive&#146;s material breach of any provision of this
Agreement, provided that in those instances in which Executive&#146;s material breach is capable of being cured, Executive has failed to cure within a thirty (30)&nbsp;day period after notice from the Company; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;an act or omission, which is (x)&nbsp;willful or grossly negligent,
(y)&nbsp;contrary to established policies or practices of the Company, and (z)&nbsp;materially harmful to the business or reputation of the Company, or to the business of the Company&#146;s customers or suppliers as such relate to the Company; or
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;a plea of <I>nolo contendere</I> to, or conviction for, a felony.<B> </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<B>Good Reason.</B> For purposes of this Agreement, &#147;Good Reason&#148; shall mean the occurrence of any of the
following circumstances or events: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;any reduction by the Company in Executive&#146;s base salary or adverse
change in the manner of computing Executive&#146;s incentive compensation opportunity, as in effect from time to time; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;the failure by the Company to pay or provide to Executive any amounts of base salary or earned incentive
compensation or any benefits which are due, owing and payable to Executive, or to pay to Executive any portion of an installment of deferred compensation due under any deferred compensation program of the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;the failure by the Company to&nbsp;continue to provide Executive with benefits substantially similar in the
aggregate to the Company&#146;s life insurance, medical, dental, health, accident or disability plans in which Executive is participating at the date of this Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;except on a temporary basis as described in Section&nbsp;4(b), a material adverse change in Executive&#146;s
responsibilities, position, reporting relationships, authority or duties. For purposes of clarification, Executive agrees that it will not be a material adverse change for the Company to reassign Executive to a position with at least substantially
similar responsibilities and authority; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(v)&nbsp;&nbsp;&nbsp;&nbsp;the transfer of Executive&#146;s principal place of employment to a
location fifty (50)&nbsp;or more miles from its location immediately preceding the transfer; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(vi)&nbsp;&nbsp;&nbsp;&nbsp;without
limiting the generality or effect of the foregoing, any material breach of this Agreement by the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything else
herein, Good Reason shall not exist if, with regard to the circumstances or events relied upon in Executive&#146;s Notice of Termination: (x)&nbsp;Executive failed to provide a Notice of Termination to the Company within sixty (60)&nbsp;days of the
date Executive knew or should have known of such circumstances or events, (y)&nbsp;the circumstances or events are fully corrected by the Company prior to the Date of Termination, or (z)&nbsp;Executive gives Executive&#146;s express written consent
to the circumstances or events. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;<B>Date of Termination.</B> &#147;Date of Termination&#148; shall
mean: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;if Executive&#146;s employment is terminated by reason of Executive&#146;s death, the date of
Executive&#146;s death; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;if Executive&#146;s employment is terminated by the Company for any reason other than
because of Executive&#146;s death, the date specified in the Notice of Termination (which shall not be prior to the date of the notice); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;if Executive&#146;s employment is terminated by Executive for any reason, the Date of Termination shall be not
less than thirty (30)&nbsp;nor more than sixty (60)&nbsp;days from the date such Notice of Termination is given, or such earlier date after the date such Notice of Termination is given as may be identified by the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Unless the Company instructs Executive not to do so, Executive shall continue to perform services as provided in this Agreement through the
Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;<B>Employee Benefits.</B> A termination by the Company pursuant to Section&nbsp;4(c)
hereof or by Executive pursuant to Section&nbsp;4(d) hereof shall not affect any rights which Executive may have pursuant to any other agreement, policy, plan, program or arrangement of the Company providing employee benefits, which rights shall be
governed by the terms thereof and by Section&nbsp;5; provided, however, that if Executive shall have received or shall be receiving benefits under Section&nbsp;5(b) hereof, Executive shall not be entitled to receive benefits under any other policy,
plan, program or arrangement of the Company providing severance compensation to which Executive would otherwise be entitled. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;<B>Compensation Upon Termination.</B> Upon Executive&#146;s termination of employment, Executive shall receive: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;If Executive&#146;s employment shall be terminated by the Company for Incapacity or for Cause, by Executive without
Good Reason, or upon Executive&#146;s death, the Company shall pay to Executive (or, in the event of Executive&#146;s death, to Executive&#146;s beneficiary or estate), when the same would otherwise have been due, the base salary and any other
accrued amounts then payable through the Date of Termination and shall have no further obligations under this Agreement, other than as set forth in Section&nbsp;5(c) hereof, as applicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;If Executive&#146;s employment shall be terminated (a)&nbsp;by the Company, except for a termination by the Company
for Cause or Incapacity (or due to Executive&#146;s death), or (b)&nbsp;by Executive for Good Reason, then Executive shall be entitled to the benefits provided below, in addition to the benefits provided in Section&nbsp;5(c) hereof, as applicable:
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;The Company shall pay Executive Executive&#146;s full base salary
through the Date of Termination at the rate in effect at the time Notice of Termination is given (or, if greater, at the rate in effect at any time within 90 days prior to the time Notice of Termination is given), plus all other amounts to which
Executive is entitled under any compensation or benefit plans of the Company, including, without limitation, any accrued amounts under any retention or incentive plan, and including incentive compensation prorated for any applicable measurement
period occurring prior to the Date of Termination, at the time such payments are due, except as otherwise provided in the LTSIP for a termination of employment following a Change in Control (as defined therein) and as otherwise provided below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;an amount (the &#147;<U>Severance Payment</U>&#148;) equal to two (2)&nbsp;times the sum of: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(A)&nbsp;&nbsp;&nbsp;&nbsp;the greater of (I)&nbsp;Executive&#146;s annual base salary rate in effect as of the Effective Date or
(II)&nbsp;Executive&#146;s annual base salary rate in effect as of the Date of Termination; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(B)&nbsp;&nbsp;&nbsp;&nbsp;the greater
of (I)&nbsp;Executive&#146;s annual incentive Bonus target amount in effect as of the Effective Date or (II)&nbsp;Executive&#146;s annual incentive Bonus target amount in effect as of the Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The Severance Payment will be paid in a lump sum as soon as practicable following the Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;The Company shall arrange to provide to Executive, Executive&#146;s dependents, and beneficiaries, for the <FONT
STYLE="white-space:nowrap">two-year</FONT> period beginning on the Date of Termination, benefits provided under any &#147;welfare benefit plan&#148; of the Company (as the term &#147;welfare benefit plan&#148; is defined in Section&nbsp;3(1) of the
Employee Retirement Income Security Act of 1974, as amended) (&#147;<U>Welfare Benefits</U>&#148;). If and to the extent that any such Welfare Benefits shall not or cannot be paid or provided under any policy, plan, program or arrangement of the
Company (A)&nbsp;solely due to the fact that Executive is no longer an officer or employee of the Company or (B)&nbsp;as a result of the amendment or termination of any plan providing for Welfare Benefits, the Company shall then itself pay or
provide for the payment of such Welfare Benefits to Executive, Executive&#146;s dependents and beneficiaries. Without otherwise limiting the purposes or effect of the no mitigation obligation in Section&nbsp;5(f) hereof, Welfare Benefits payable to
Executive (including Executive&#146;s dependents and beneficiaries) pursuant to this Section&nbsp;5(b)(iii) shall be reduced to the extent comparable welfare benefits are actually received by Executive (including Executive&#146;s dependents and
beneficiaries) from another employer during such period, and any such benefits actually received by Executive shall be reported by Executive to the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Executive&#146;s right to receive the Severance Payment and Welfare Benefits under this Section&nbsp;5(b) (collectively, the
&#147;<U>Severance Benefits</U>&#148;) is conditioned upon the Executive&#146;s execution of a general release agreement (a &#147;<U>Release</U>&#148;) in form and substance reasonably </P>
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acceptable to the Company in connection with Executive&#146;s termination of employment. Such Severance Benefits shall be payable only if Executive executes and delivers a Release (and any
revocation period expires) no later than forty-five (45)&nbsp;calendar days after the Executive&#146;s termination of employment. Such amounts shall not become payable until forty-five (45)&nbsp;calendar days after the termination of employment,
regardless of when the Release is returned to the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;If Executive&#146;s employment shall be terminated
by the Company for Incapacity or for any reason other than Cause, by Executive for Good Reason, or upon Executive&#146;s death, (i)&nbsp;any unvested awards under the LTSIP held by Executive that vest based on the passage of time shall immediately
vest in their entirety upon such termination, and (ii)&nbsp;with respect to unvested awards under the LTSIP held by Executive that vest based on the achievement of performance criteria, Executive shall be entitled to receive a pro rata portion
(based on the number of full calendar months in the performance period prior to such termination) of the amount Executive would have been entitled to receive under such awards (and at the same time) had she remained employed until the last day of
the applicable performance period, except as otherwise provided in the LTSIP for a termination of employment following a Change in Control (as defined therein). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;The Company may not <FONT STYLE="white-space:nowrap">set-off</FONT> or counterclaim losses, fines or damages in
respect of any claim, debt or obligation against any payment to or benefit for Executive provided for in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;Without limiting Executive&#146;s rights at law or in equity, if the Company fails to make any payment or provide
any benefit required to be made or provided hereunder within thirty (30)&nbsp;days of the date it is due, the Company will pay interest on the amount or value thereof at an annualized rate of interest equal to the &#147;prime rate&#148; as quoted
from time to time during the relevant period in The Wall Street Journal, plus three percent. Such interest will be payable as it accrues on demand. Any change in such prime rate will be effective on and as of the date of such change. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;The Company acknowledges that its severance pay plans and policies applicable in general to its salaried employees
do not provide for mitigation, offset or reduction of any severance payment received thereunder. Accordingly, the parties hereto expressly agree that the payment of the severance compensation by the Company to Executive in accordance with the terms
of this Agreement shall be liquidated damages and that Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, nor shall any profits, income, earnings or other
benefits from any source whatsoever create any mitigation, offset, reduction or any other obligation on the part of Executive hereunder or otherwise, except as expressly provided in this Section&nbsp;5. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;<B>Travel.</B> Executive shall be required to travel to the extent reasonably necessary for the performance of Executive&#146;s
responsibilities under this Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7.&nbsp;&nbsp;&nbsp;&nbsp;<B>Successors; Binding Agreement.</B> The Company will require any successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all the business and/or assets of the Company, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the
Company would be required to perform it if no such succession had taken place, and will assign its rights and obligations hereunder to such successor. Failure of the Company to make such an assignment and to obtain such assumption and agreement
prior to the effectiveness of any such succession, unless Executive agrees otherwise in writing with the Company or the successor, shall entitle Executive to compensation from the Company in the same amount and on the same terms as Executive would
be entitled to hereunder if Executive terminates Executive&#146;s employment for Good Reason and the date on which any such succession becomes effective shall be deemed Executive&#146;s Date of Termination. As used in this Agreement,
&#147;Company&#148; shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. This Agreement shall inure to the
benefit of and be enforceable by Executive&#146;s personal or legal representatives, executors, administrators, successors, heirs, distributees and/or legatees. This Agreement is personal in nature and neither of the parties hereto shall, without
the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided in this Section&nbsp;7. Without limiting the generality of the foregoing, Executive&#146;s right to receive
payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive&#146;s will or by the laws of descent and distribution and, in the event of any
attempted assignment or transfer contrary to this Section&nbsp;7, the Company shall have no liability to pay to the purported assignee or transferee any amount so attempted to be assigned or transferred. The Company and Executive recognize that each
party will have no adequate remedy at law for any material breach by the other of any of the agreements contained herein and, in the event of any such breach, the Company and Executive hereby agree and consent that the other shall be entitled to a
decree of specific performance, mandamus or other appropriate remedy to enforce performance of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">8.&nbsp;&nbsp;&nbsp;&nbsp;<B>Notices.</B>
For the purpose of this Agreement, notices and all other communications provided for in this Agreement shall be in writing, and shall be deemed to have been duly given when delivered by hand, or mailed by United States certified mail, return receipt
requested, postage prepaid, or sent by Federal Express or similar overnight courier service, addressed to the respective addresses set forth on the signature page of this Agreement, or sent by facsimile with confirmation of receipt to the respective
facsimile numbers set forth on the signature page of this Agreement, provided that all notices to the Company shall be directed to the attention of the Secretary of the Company (or, if Executive is the Secretary at the time such notice is to be
given, to the Chairman of the Company&#146;s Board of Directors), or to such other address or facsimile number as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address or facsimile
number shall be effective only upon receipt. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">9.&nbsp;&nbsp;&nbsp;&nbsp;<B>Noncompetition.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;From the Effective Date until the Date of Termination, Executive agrees not to engage in any Competitive Activity.
For purposes of this Agreement, the term &#147;Competitive Activity&#148; shall mean Executive&#146;s participation as an employee or consultant, without the written consent of the Company&#146;s Chief Executive Officer or the Board or any
authorized committee thereof, in the management of any business enterprise anywhere in the world if such enterprise is </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
a &#147;Significant Customer&#148; of any product or service of the Company or engages in competition with any product or service of the Company (including without limitation any enterprise that
is a supplier to an original equipment automotive vehicle manufacturer) or is planning to engage in such competition. For purposes of this Agreement, the term &#147;Significant Customer&#148; shall mean any customer who represents in excess of 5% of
the Company&#146;s sales in any of the three calendar years prior to the date of determination. &#147;Competitive Activity&#148; shall not include the mere ownership of, and exercise of rights appurtenant to, securities of a publicly-traded company
representing 5% or less of the total voting power and 5% or less of the total value of such an enterprise. Executive agrees that the Company is a global business and that it is appropriate for this Section&nbsp;9 to apply to Competitive Activity
conducted anywhere in the world. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Executive agrees not to engage directly or indirectly in any Competitive
Activity (i)&nbsp;until one (1)&nbsp;year after the Date of Termination if Executive is terminated by the Company for Cause, or Executive terminates Executive&#146;s employment for other than Good Reason, or (ii)&nbsp;until two (2)&nbsp;years after
the Date of Termination in all other circumstances. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Executive shall not directly or indirectly, either on
Executive&#146;s own account or with or for anyone else, solicit or attempt to solicit any of the Company&#146;s customers, solicit or attempt to solicit for any business endeavor or hire or attempt to hire any employee of the Company, or otherwise
divert or attempt to divert from the Company any business whatsoever or interfere with any business relationship between the Company and any other person, (i)&nbsp;until one (1)&nbsp;year after the Date of Termination if Executive is terminated by
the Company for Cause, or Executive terminates Executive&#146;s employment for other than Good Reason, or (ii)&nbsp;until two (2)&nbsp;years after the Date of Termination in all other circumstances. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;Executive acknowledges and agrees that damages in the event of a breach or threatened breach of the covenants in
this Section&nbsp;9 will be difficult to determine and will not afford a full and adequate remedy, and therefore agree that the Company, in addition to seeking actual damages pursuant to Section&nbsp;9 hereof, may seek specific enforcement of the
covenant not to compete in any court of competent jurisdiction, including, without limitation, by the issuance of a temporary or permanent injunction, without the necessity of a bond. Executive and the Company agree that the provisions of this
covenant not to compete are reasonable. However, should any court or arbitrator determine that any provision of this covenant not to compete is unreasonable, either in period of time, geographical area, or otherwise, the parties agree that this
covenant not to compete should be interpreted and enforced to the maximum extent which such court or arbitrator deems reasonable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">10.&nbsp;&nbsp;&nbsp;&nbsp;<B>Confidentiality and Cooperation.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Executive shall not knowingly use, disclose or reveal to any unauthorized person, at any time after the Effective
Date, any trade secret or other confidential information relating to the Company or any of its affiliates, or any of their respective businesses or principals, such as, without limitation, dealers&#146; or distributor&#146;s lists, information
regarding personnel and manufacturing processes, marketing and sales plans, pricing or cost information, and all other such information; and Executive confirms that such information is the exclusive property of the Company and its affiliates. Upon
termination of Executive&#146;s employment, Executive agrees to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


<p Style='page-break-before:always'>
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return to the Company on demand by the Company all memoranda, books, papers, letters and other data, and all copies thereof or therefrom, in any way relating to the business of the Company and
its affiliates, whether made by Executive or otherwise in Executive&#146;s possession. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Any design, engineering
methods, techniques, discoveries, inventions (whether patentable or not), formulae, formulations, technical and product specifications, bill of materials, equipment descriptions, plans, layouts, drawings, computer programs, assembly, quality
control, installation and operating procedures, operating manuals, strategic, technical or marketing information, designs, data, secret knowledge, <FONT STYLE="white-space:nowrap">know-how</FONT> and all other information of a confidential nature
prepared or produced during the period of Executive&#146;s employment and which ideas, processes, and other materials or information relate to any of the businesses of the Company, shall be owned by the Company and its affiliates whether or not
Executive should in fact execute an assignment thereof or other instrument or document which may be reasonably necessary to protect and secure such rights to the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) &nbsp;&nbsp;&nbsp;&nbsp;Following the termination of Executive&#146;s employment, Executive agrees to make herself reasonably available to
the Company to respond to periodic requests for information relating to the Company or Executive&#146;s employment which may be within Executive&#146;s knowledge. Executive further agrees to cooperate fully with the Company in connection with any
and all existing or future depositions, litigation, or investigations brought by or against the Company, any entity related to the Company, or any of its (their) agents, officers, directors or employees, whether administrative, civil or criminal in
nature, in which and to the extent the Company deems Executive&#146;s cooperation necessary. In the event that Executive is subpoenaed in connection with any litigation or investigation, Executive will immediately notify the Company. Executive shall
not receive any additional compensation, other than reimbursement for reasonable costs and expenses incurred by Executive, in complying with the terms of this Section&nbsp;10(c). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;For the avoidance of doubt, this Section&nbsp;10 does not prohibit or restrict Executive (or Executive&#146;s
attorney) from responding to any inquiry about this Agreement or its underlying facts and circumstances by the Securities and Exchange Commission, the Financial Industry Regulatory Authority, any other self-regulatory organization or governmental
entity, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation. Executive understands and acknowledges that she does not need the prior authorization of the Company to make any such reports or
disclosures and that she is not required to notify the Company that she has made such reports or disclosures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.&nbsp;&nbsp;&nbsp;&nbsp;<B>Arbitration.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Except as contemplated by Section&nbsp;9(d) or Section&nbsp;11(c) hereof, any dispute or controversy arising under
or in connection with this Agreement that cannot be mutually resolved by the parties to this Agreement and their respective advisors and representatives shall be settled exclusively by arbitration in Southfield, Michigan, before one arbitrator of
exemplary qualifications and stature, who shall be selected jointly by the Company and Executive, or if the parties cannot agree on the selection of the arbitrator, who shall be selected pursuant to the procedures of the American Arbitration
Association, and such arbitration shall be conducted in accordance with the Employment Dispute Resolution Rules of the American Arbitration Association then in effect. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;The parties agree to use their best efforts to (i)&nbsp;appoint (or,
if applicable, cause the American Arbitration Association to appoint) the arbitrator within thirty (30)&nbsp;days of the date that a party hereto notifies the other party that a dispute or controversy exists that necessitates the appointment of an
arbitrator, and (ii)&nbsp;cause any arbitration hearing to be held within thirty (30)&nbsp;days of the date of selection of the arbitrator, and, as a condition to his or her selection, such arbitrator must consent to be available for a hearing, at
such time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Judgment may be entered on the arbitrator&#146;s award in any court having jurisdiction, provided
that Executive shall be entitled to seek specific performance of Executive&#146;s right to be paid and to participate in benefit programs during the pendency of any dispute or controversy arising under or in connection with this Agreement. The
Company and Executive hereby agree that the arbitrator shall be empowered to enter an equitable decree mandating specific performance of the terms of this Agreement. If any dispute under this Section&nbsp;11 shall be pending, Executive shall
continue to receive at a minimum the base salary which Executive was receiving immediately prior to the act or omission which forms the basis for the dispute. At the close of the arbitration, such continued base salary payments may be offset against
any damages awarded to Executive or may be recovered from Executive if it is determined that Executive was not entitled to the continued payment of base salary under the other provisions of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12.&nbsp;&nbsp;&nbsp;&nbsp;<B>Modifications.</B> No provision of this Agreement may be modified, amended, waived or discharged unless such modification,
amendment, waiver or discharge is agreed to in writing and signed by both Executive and such officer of the Company as may be specifically designated by the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">13.&nbsp;&nbsp;&nbsp;&nbsp;<B>No Implied Waivers.</B> Failure of either party at any time to require performance by the other party of any provision hereof
shall in no way affect the full right to require such performance at any time thereafter. Waiver by either party of a breach of any obligation hereunder shall not constitute a waiver of any succeeding breach of the same obligation. Failure of either
party to exercise any of its rights provided herein shall not constitute a waiver of such right. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">14.&nbsp;&nbsp;&nbsp;&nbsp;<B>Governing Law.</B> The
validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Michigan without giving effect to any conflicts of laws rules. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">15.&nbsp;&nbsp;&nbsp;&nbsp;<B>Payments Net of Taxes.</B> Any payments provided for herein which are subject to Federal, State, local or other governmental tax
or other withholding requirements or obligations, shall have such amounts withheld prior to payment, and the Company shall be considered to have fully satisfied its obligation hereunder by making such payments to Executive net of and after deduction
for all applicable withholding obligations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">16.&nbsp;&nbsp;&nbsp;&nbsp;<B>Capacity of Parties.</B> The parties hereto warrant that they have the capacity and
authority to execute this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">17.&nbsp;&nbsp;&nbsp;&nbsp;<B>Validity.</B> The invalidity or unenforceability of any provision of this Agreement
shall not, at the option of the party for whose benefit such provision was intended, affect the validity or enforceability of any other provision of the Agreement, which shall remain in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">18.&nbsp;&nbsp;&nbsp;&nbsp;<B>Counterparts.</B> This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but
all of which together will constitute one and the same instrument. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">19.&nbsp;&nbsp;&nbsp;&nbsp;<B>Entire Agreement.</B> On and after the Effective Date,
this Agreement shall contain the entire agreement by the parties with respect to the matters covered herein and supersedes any prior agreement, condition, practice, custom, usage and obligation with respect to such matters insofar as any such prior
agreement, condition, practice, custom, usage or obligation might have given rise to any enforceable right. No agreements, understandings or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been
made by either party which are not expressly set forth in this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">20.&nbsp;&nbsp;&nbsp;&nbsp;<B>Legal Fees and Expenses.</B> It is the intent of
the Company that Executive not be required to incur the expenses associated with the enforcement of Executive&#146;s rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract
from the benefits intended to be extended to Executive hereunder. Accordingly, the Company shall pay or cause to be paid and be solely responsible for any and all reasonable attorneys&#146; and related fees and expenses incurred by Executive
(i)&nbsp;as a result of the Company&#146;s failure to perform this Agreement or any provision hereof or (ii)&nbsp;as a result of the Company unreasonably or maliciously contesting the validity or enforceability of this Agreement or any provision
hereof as aforesaid. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">21.&nbsp;&nbsp;&nbsp;&nbsp;<B>Code Section</B><B></B><B>&nbsp;409A. </B>Notwithstanding anything to the contrary in Section&nbsp;5
hereof, and to the maximum extent permitted by law, this Agreement shall be interpreted in such a manner that all payments of Severance Benefits to Executive under this Agreement are either exempt from, or comply with, Section&nbsp;409A of the
Internal Revenue Code of 1986, as amended (the &#147;<U>Code</U>&#148;), and the regulations and other interpretive guidance issued thereunder (collectively, &#147;<U>Section</U><U></U><U>&nbsp;409A</U>&#148;), including without limitation any such
regulations or other guidance that may be issued after the Effective Date. For purposes of Section&nbsp;409A, the right to a series of installment payments under this Agreement shall be treated as a right to a series of separate payments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The &#147;Lear Corporation Code Section&nbsp;409A Policies and Procedures&#148; as in effect on the Effective Date are hereby incorporated by reference in
this Agreement as if set forth herein, and shall supersede any conflicting provisions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">22.&nbsp;&nbsp;&nbsp;&nbsp;<B>No Excise Tax <FONT
STYLE="white-space:nowrap">Gross-Up;</FONT> Possible Reduction of Payments.</B> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;If it is determined that any amount or benefit to be paid or payable
to Executive under this Agreement or otherwise in conjunction with her employment (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise in conjunction with her employment) would give rise to
liability of Executive for the excise tax imposed by Section&nbsp;4999 of the Code, as amended from time to time, or any successor provision (the &#147;<U>Excise Tax</U>&#148;), then the amount or benefits payable to Executive (the total value of
such amounts or benefits, the &#147;<U>Payments</U>&#148;) shall be reduced by the Company to the extent necessary so that no portion of the Payments to Executive is subject to the Excise Tax; provided, however, such reduction shall be made only if
it results in the Executive retaining a greater amount of Payments on an <FONT STYLE="white-space:nowrap">after-tax</FONT> basis (taking into account the Excise Tax and applicable federal, state, and local income and payroll taxes). In the event
Payments are required to be reduced pursuant to this Section&nbsp;22(a), they shall be reduced in the following order of priority in a manner consistent with Section&nbsp;409A: (i)&nbsp;first from cash compensation, (ii)&nbsp;next from equity
compensation, then <FONT STYLE="white-space:nowrap">(iii)&nbsp;pro-rata</FONT> among all remaining Payments and benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;The independent public accounting firm serving as the Company&#146;s auditing firm, or such other accounting firm,
law firm or professional consulting services provider of national reputation and experience reasonably acceptable to the Company and Executive (the &#147;<U>Accountants</U>&#148;) shall make in writing in good faith all calculations and
determinations under this Section&nbsp;22, including the assumptions to be used in arriving at any calculations. For purposes of making the calculations and determinations under this Section&nbsp;22, the Accountants and each other party may make
reasonable assumptions and approximations concerning the application of Section&nbsp;280G and Section&nbsp;4999 of the Code. The Company and Executive shall furnish to the Accountants and each other such information and documents as the Accountants
and each other may reasonably request to make the calculations and determinations under this Section&nbsp;22. The Company shall bear all costs the Accountants incur in connection with any calculations contemplated hereby. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first above
written. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="top" COLSPAN="3">LEAR CORPORATION</TD></TR>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Raymond E. Scott</TD></TR>
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<TD VALIGN="top">Name:</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">Raymond E. Scott</TD></TR>
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<TD VALIGN="top">Title:</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">President and Chief Executive Officer</TD></TR>
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<TD VALIGN="top" COLSPAN="3">EXECUTIVE:</TD></TR>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Jeneanne M. Hanley</TD></TR>
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<TD VALIGN="top">Jeneanne M. Hanley</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FOR IMMEDIATE RELEASE </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B><U>Lear Appoints Frank C. Orsini EVP and President of Seating and Jeneanne M. Hanley SVP and President of <FONT
STYLE="white-space:nowrap">E-Systems</FONT></U> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Southfield, Mich., March&nbsp;1, 2018</B> &#150; Lear Corporation (NYSE: LEA), a leading global
supplier of automotive seating and electrical systems, today announced that Frank C. Orsini has been appointed Executive Vice President and President of Seating and Jeneanne M. Hanley has been appointed Senior Vice President and President of <FONT
STYLE="white-space:nowrap">E-Systems,</FONT> effective immediately. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;We are very fortunate to have a deep bench of industry-leading talent,&#148;
said Ray Scott, Lear&#146;s president and chief executive officer. &#147;Each of the two executives who we are appointing to new senior leadership positions today has more than 20 years of broad operational and strategic experience in both of our
business segments, and outstanding records of achievement. Both are inspirational leaders and consummate team players. I am confident that Frank and Jeneanne will continue to deliver superior results in their respective business units and work
together to realize the unique synergies available to Lear as our Seating and <FONT STYLE="white-space:nowrap">E-Systems</FONT> businesses converge and complement one another.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Since joining Lear in 1994, Orsini has held a series of positions of increasing responsibility in Seating as well as in
<FONT STYLE="white-space:nowrap">E-Systems.</FONT> In 2012, he was appointed Senior Vice President and President of Lear&#146;s <FONT STYLE="white-space:nowrap">E-Systems</FONT> business, where he has delivered record sales, earnings and margins.
Orsini earned a Bachelor&#146;s degree from Oakland University and an executive Master of Business Administration degree from Michigan State University. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hanley also joined Lear in 1994, and has held a series of positions of increasing responsibility in Seating and
<FONT STYLE="white-space:nowrap">E-Systems.</FONT> In 2012, she was named Vice President, Americas Seating, where she had responsibility for the Company&#146;s
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Just-in-Time</FONT></FONT> Seating operations in the U.S., Canada, Mexico, Brazil and Argentina covering 29 manufacturing plants and 14,500 employees. Most recently, Jeneanne served
as Vice President, Global Seat Surface Materials and Craftsmanship. Hanley earned a Bachelor&#146;s of Science degree in Mechanical Engineering and a Master of Business Administration from the University of Michigan. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>About Lear Corporation </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lear Corporation&nbsp;was founded in Detroit in 1917 as American Metal Products. Today, Lear is one of the world&#146;s leading suppliers of automotive seating
and electrical systems <FONT STYLE="white-space:nowrap">(E-Systems).&nbsp;Lear</FONT> serves every major automaker in the world, and Lear content can be found on more than 400 vehicle nameplates.&nbsp;Lear&#146;s world-class products are designed,
engineered and manufactured by a diverse team of approximately 165,000 employees at 257 locations in 39 countries.&nbsp;Lear currently ranks #151 on the Fortune 500.&nbsp;Lear&#146;s headquarters are in Southfield, Michigan.&nbsp;Further information
about Lear is available at <U>lear.com</U> or follow us on Twitter @LearCorporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">#&nbsp;&nbsp;#&nbsp;&nbsp;#&nbsp;&nbsp;#&nbsp;&nbsp;#
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