<SEC-DOCUMENT>0001193125-18-347357.txt : 20181212
<SEC-HEADER>0001193125-18-347357.hdr.sgml : 20181212
<ACCEPTANCE-DATETIME>20181212081533
ACCESSION NUMBER:		0001193125-18-347357
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		10
CONFORMED PERIOD OF REPORT:	20181211
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:		20181212
DATE AS OF CHANGE:		20181212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENTHERM Inc
		CENTRAL INDEX KEY:			0000903129
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				954318554
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21810
		FILM NUMBER:		181230056

	BUSINESS ADDRESS:	
		STREET 1:		21680 HAGGERTY ROAD
		CITY:			NORTHVILLE
		STATE:			MI
		ZIP:			48167-8994
		BUSINESS PHONE:		248-504-0500

	MAIL ADDRESS:	
		STREET 1:		21680 HAGGERTY ROAD
		CITY:			NORTHVILLE
		STATE:			MI
		ZIP:			48167-8994

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERIGON INC
		DATE OF NAME CHANGE:	19930503
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d668804d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <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:10pt; 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:10pt;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:14pt; 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:20pt; 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) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the 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): December&nbsp;11, 2018 </B></P>
<P STYLE="font-size:10pt;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>GENTHERM INCORPORATED </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:10pt;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:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Michigan</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">0-21810</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">95-4318554</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>21680 Haggerty Road, Northville, MI</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>48167</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="3" 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>Registrant&#146;s telephone number, including area code: (248)
<FONT STYLE="white-space:nowrap">504-0500</FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Former name or former address, if changed since last report: N/A </B></P>
<P STYLE="font-size:10pt;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:18pt; margin-bottom:0pt; text-indent:4%; 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"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></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"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">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> </P></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"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><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> </P></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"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><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> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; 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;&nbsp;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;&nbsp;240.12b-2</FONT> of this chapter). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; 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(a) of the Exchange Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:3.0pt;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="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<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="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. </B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December&nbsp;12, 2018, Gentherm Incorporated (the
&#147;Company&#148;) announced that Matteo Anversa (&#147;Anversa&#148;), age 47, has been appointed to be the Executive Vice-President, Chief Financial Officer and Treasurer of the Company, effective on or about January&nbsp;1, 2019 (the
&#147;Anversa Start Date&#148;). Immediately prior to the Anversa Start Date, the current Vice-President, Chief Financial Officer and Treasurer, Barry Steele (&#147;Steele&#148;), will resign from those positions but will remain as a <FONT
STYLE="white-space:nowrap">non-executive</FONT> employee of the Company for a transition period. A copy of the Company&#146;s news release announcing Anversa&#146;s appointment and the transition arrangement with Steele (the &#147;Public
Announcement&#148;) is attached hereto as Exhibit&nbsp;99.1 and is incorporated herein by reference. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Anversa Offer Letter</U> </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On October&nbsp;22, 2018, the Company and Anversa entered into a written agreement concerning Anversa&#146;s employment (the &#147;Anversa
Contract&#148;). Pursuant to the instruction to Paragraph (c)&nbsp;of Item 5.02 of Form <FONT STYLE="white-space:nowrap">8-K,</FONT> the Company chose to delay disclosing the appointment of Anversa, as well as the existence and material terms of the
Anversa Contract, until the day on which the Company announced Anversa&#146;s appointment, the date of this Report. The Anversa Contract provides that Anversa will receive a $500,000 annual salary, which amount is subject to annual review and
adjustment in accordance with the Company&#146;s normal compensation practices, and that Anversa is eligible for an annual cash bonus pursuant to the Amended and Restated Gentherm Incorporated Performance Bonus Plan with a target bonus of 60% of
annual salary. Anversa will receive other perquisites, such as paid vacation, use of a Company-owned automobile and health and welfare benefits, generally consistent with those provided to other Company executive officers. The Company also will pay
for or reimburse Anversa for costs associated with the relocation of his principal residence to the Detroit, Michigan area in accordance with the Company&#146;s policy applicable to other Company executive officers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On the Anversa Start Date, Anversa will be entitled to receive (1)&nbsp;a cash starting bonus of $550,000 (the &#147;Start Date Bonus&#148;),
(2) restricted stock units (&#147;RSUs&#148;) with a target equal to $400,000 divided by the Company&#146;s <FONT STYLE="white-space:nowrap">10-trading</FONT> day average stock price ending on the Anversa Start Date, with 60% of such RSUs (the
&#147;Performance-Based RSUs&#148;) to vest based on the Company&#146;s achievement of financial measures over three years and 40% of such RSUs (the &#147;Time-Based RSUs&#148;) to vest over three years in equal annual installments
(&#147;collectively, the &#147;Initial Equity Grants&#148;). The Compensation Committee of the Board of Directors of the Company (the &#147;Compensation Committee&#148;) has determined that the Performance-Based RSUs will be earned or forfeited
based upon two separate components, equally weighted: (i)&nbsp;the Company&#146;s performance relative to return on invested capital goals for the fiscal year ended December&nbsp;31, 2021, and (ii)&nbsp;the Company&#146;s relative total shareholder
return over a three-year period starting on the grant date compared to selected peer companies. For each performance component, Anversa may earn 50% to 200% of the target equity award based on threshold to maximum performance. The Performance-Based
RSUs and the Time-Based RSUs will be awarded to Anversa under the Gentherm Incorporated 2013 Equity Incentive Plan and pursuant to a Restricted Stock Unit Award Agreement (Performance-Based) (the &#147;Performance-Based RSU Agreement&#148;) and a
Restricted Stock Unit Award Agreement (Time-Based) (the &#147;Time-Based RSU Agreement&#148;), respectively, in the forms attached hereto as Exhibit&nbsp;10.2 and Exhibit&nbsp;10.3, respectively, which forms are incorporated herein by reference.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the terms of the Performance-Based RSU Agreement, each RSU granted thereunder represents the right to receive, at target, one share
of common stock of the Company, no par value (the &#147;Common Stock&#148;), upon being earned, vested and the satisfaction of any required tax withholding obligation. In order for the Performance-Based RSUs to vest, Anversa must remain continuously
employed by the Company from the grant date to the applicable determination date; provided, however, the target amount of Performance-Based RSUs will vest as of the date of termination in the case of (i)&nbsp;Anversa&#146;s death or Disability (as
defined in the Performance-Based RSU Agreement), (ii) termination without Cause (as defined in the Anversa Contract) by the Company or successor thereof, including following a Change in Control (as defined in the Anversa Contract), or
(iii)&nbsp;termination for Good Reason (as defined in the Anversa Contract) by Anversa. </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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the terms of the Time-Based RSU Agreement, each RSU represents the right to receive
one share of Common Stock upon vesting and the satisfaction of any required tax withholding obligation. Anversa must remain continuously employed by the Company from the grant date to the applicable vesting date of each RSU granted under the
Time-Based RSU Agreement for vesting to occur. Notwithstanding the foregoing, (i)&nbsp;the Time-Based RSUs will vest as of the date of Anversa&#146;s termination in the case of (i)&nbsp;Anversa&#146;s death or Disability (as defined in the
Time-Based RSU Agreement), (ii) termination without Cause by the Company or successor thereof, including following a Change in Control, or (iii)&nbsp;termination for Good Reason by Anversa. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Start Date Bonus and Initial Equity Grants are intended by the Company to compensate Anversa for amounts he is foregoing from his previous
employer by accepting a position with the Company. Anversa is entitled to receive additional equity awards in 2019 and beyond at the discretion of the Compensation Committee, commensurate with his position and the equity awards granted to other
executive officers of the Company. In the event that, prior to the first anniversary of the Anversa Start Date, Anversa voluntarily terminates his employment with the Company without Good Reason or is terminated by the Company for Cause, Anversa
will be required to repay the Start Date Bonus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Anversa will be an <FONT STYLE="white-space:nowrap">at-will</FONT> employee of the
Company. However, in the event of a termination without Cause or for Good Reason, Anversa will be entitled to receive, in addition to immediate vesting of target RSUs under the Performance-Based RSU Agreement and all RSUs under the Time-Based RSU
Agreement as described further above (the &#147;Initial Equity Grant Acceleration Benefit&#148;), a lump sum cash payment equal to the sum of (1) 12 months&#146; salary, (2)&nbsp;one full year&#146;s bonus at target and (3)&nbsp;a prorated target
bonus for the year of termination. In addition, in such circumstances, Anversa will be entitled to (1)&nbsp;immediate vesting of all unvested equity awards that were scheduled to vest during the first 12 months following Anversa&#146;s termination
(without duplication of the Initial Equity Grant Acceleration Benefit), (2) $50,000 for outplacement services and (3)&nbsp;continued health and welfare benefits for 12 months. Anversa&#146;s right to receive the foregoing severance is conditioned
upon his execution of a general release of claims, which becomes irrevocable, for the benefit of the Company. If the Company adopts a severance and/or change of control plan that includes executive officers of the Company, Anversa will be entitled
to receive the more favorable of severance benefits between the Offer Letter and such plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any incentive cash or equity compensation
paid to Anversa will be subject to the Gentherm Incorporated Compensation Clawback Policy. On or prior to Anversa&#146;s first day of employment, Anversa and the Company will enter into a Confidential Information and Inventions Assignment Agreement
(the &#147;Confidentiality Agreement&#148;). Pursuant to the Confidentiality Agreement, Anversa will be subject to <FONT STYLE="white-space:nowrap">non-competition</FONT> and <FONT STYLE="white-space:nowrap">non-solicitation</FONT> requirements
during employment and for 12&nbsp;months after the termination of employment, and he will be subject to confidentiality requirements in perpetuity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A copy of the Anversa Contract is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The above description of the
material terms of the Anversa Contract is qualified in its entirety by reference to such exhibit. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Steele Separation Agreement</U> </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December&nbsp;11, 2018, the Company and Steele entered into a written agreement concerning Steele&#146;s separation from the Company (the
&#147;Steele Contract&#148;). In consideration for Steele&#146;s assistance in providing transition services to the Company related to the appointment of Anversa as the new Chief Financial Officer and other factors, the Steele Contract provides for
certain payments and benefits to Steele as of the date of the Public Announcement and upon Steele&#146;s final termination of employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the Steele Contract, for so long as Steele remains employed by the Company, he will continue to receive his current salary and
automobile allowance and continue to be eligible to receive his bonus under the Amended and Restated Gentherm Incorporated Performance Bonus Plan for 2018 (although he will not be eligible for a bonus for 2019). In addition, the Steele Contract
provides that, effective as of the date of the Public Announcement, Steele is entitled to (1)&nbsp;payment of all accrued but unused vacation time, (2)&nbsp;immediate vesting of the 9,398 shares of restricted stock granted to Steele on
October&nbsp;3, 2017 that were scheduled to vest on April 3, 2019 </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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
and (3)&nbsp;immediate vesting of the options to purchase Company common stock (the &#147;Accelerated Options&#148;) and the unvested restricted shares of the Company&#146;s common stock (the
&#147;Accelerated Restricted Shares&#148;) that were scheduled to vest during February 2019. The Accelerated Options represent the right to purchase 24,000 shares of the Company&#146;s common stock at various exercise prices and the Accelerated
Restricted Shares are comprised of 7,083&nbsp;shares of the Company&#146;s common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Upon Steele&#146;s final separation with the
Company (the &#147;Separation Date&#148;), which shall occur either on February&nbsp;15, 2019 or on such earlier date as determined by the Company&#146;s Chief Executive Officer after giving Steele at least 30 days&#146; written notice (such notice
not required if a termination for Cause), Steele will be entitled to (1)&nbsp;a cash payment of $642,720, the equivalent of one years&#146; salary and target bonus, (2)&nbsp;$10,000 for outplacement services and (3)&nbsp;continued health and welfare
benefits for up to one year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Steele remains an <FONT STYLE="white-space:nowrap">at-will</FONT> employee of the Company until the
Separation Date. The foregoing severance payments and benefits will be owed to Steele if he is terminated by the Company without Cause (as defined in the Steele Contract) by the Company prior to the Separation Date; provided, however, such severance
payments and benefits will not be owed to Steele if he is terminated for Cause or he voluntarily terminates, except for accrued pay and vacation prior to such date and except to the extent the Company has already paid such severance payments and
benefits prior to such date. Steele&#146;s right to receive the foregoing amounts and benefits also is conditioned upon his execution of a general release of claims, which becomes irrevocable, for the benefit of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any incentive cash or equity compensation paid to Steele remains subject to the Gentherm Incorporated Compensation Clawback Policy. Pursuant
to a previously-executed Confidential Information and Inventions Assignment Agreement, (1)&nbsp;during his remaining employment and thereafter Steele remains subject to confidentiality requirements and (2)&nbsp;Steele is subject to <FONT
STYLE="white-space:nowrap">non-competition</FONT> and <FONT STYLE="white-space:nowrap">non-solicitation</FONT> requirements that extend for 12 months following termination of his employment with the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A copy of the Steele Contract is attached hereto as Exhibit 10.4 and is incorporated herein by reference. The above description of the
material terms of the Steele Contract is qualified in its entirety by reference to such exhibit. </P> <P STYLE="font-size:18pt;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="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Financial Statements and Exhibits. </B></P></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"><B>(d)</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Exhibits </B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Exhibit&nbsp;No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP 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>


<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> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d668804dex101.htm">Offer Letter between Gentherm Incorporated and Matteo Anversa dated as of October&nbsp;22, 2018</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> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d668804dex102.htm">Form of Restricted Stock Unit Award Agreement (Performance-Based) &#150; Anversa</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> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d668804dex103.htm">Form of Restricted Stock Unit Award Agreement (Time-Based) &#150; Anversa</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> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d668804dex104.htm">Separation Agreement between Gentherm Incorporated and Barry G. Steele dated as of December&nbsp;11, 2018</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> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">99.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d668804dex991.htm">Press Release dated December&nbsp;12, 2018 Announcing the Selection of Matteo Anversa as Executive Vice-President, Chief Financial Officer and Treasurer</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">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <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; text-indent:4%; 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 hereunto duly authorized. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>GENTHERM INCORPORATED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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/ Kenneth J. Phillips</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">Kenneth J. Phillips</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">Executive Vice-President and General Counsel</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: December&nbsp;12, 2018 </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>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d668804dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXHIBIT 10.1 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="middle">


<IMG SRC="g668804g81j47.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g668804g98r10.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">October&nbsp;22, 2018 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Matteo
Anversa </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">23599 Stanford Road </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Shaker Heights, OH 44122 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Matteo: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On behalf of Gentherm
Incorporated (&#147;Gentherm&#148; or the &#147;Company&#148;), I am very excited to present to you an offer of employment for the position of Executive Vice-President and Chief Financial Officer. In this position you would be part of
Gentherm&#146;s Executive Committee and report directly to Phil Eyler. Your compensation package would be as set forth in the attached term sheet, the terms of which are incorporated into this letter, collectively comprising the Offer Letter
Agreement between you and the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">I believe that you would find this role to be exciting, challenging and rewarding. The entire
leadership team is thrilled at the prospect of you joining our Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As with all positions at Gentherm, the following conditions
apply: (1)&nbsp;you would be permitted to begin employment with the Company only after you provide required documentation verifying your identity and employment eligibility in the United States, (2)&nbsp;your employment is contingent upon
successfully passing a <FONT STYLE="white-space:nowrap">pre-employment</FONT> drug test and background check, (3)&nbsp;your employment would be <FONT STYLE="white-space:nowrap">&#147;at-will&#148;</FONT> and terminable at any time for any reason,
and (4)&nbsp;your employment is contingent upon your signing, on or prior to your first day of employment, the attached Confidential Information and Inventions Assignment Agreement. Other than as set forth above, there are no other conditions to
this offer. This offer supersedes and preempts any prior understandings, agreements or representations by or between you and Gentherm, written or oral, regarding the subject matter hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Please contact me should you have any questions; otherwise, your signature below will confirm your acceptance the terms of this offer. Please
return a signed copy to me via email (Barbara.runyon@gentherm.com). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">I am looking forward with great anticipation to working with you!
</P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="40%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="40%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sincerely,</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Barbara Runyon</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Phillip M. Eyler</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Barbara Runyon</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Phillip M. Eyler</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Senior Vice President and CHRO</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">President and CEO</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">cc: Phillip Eyler </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>AGREED TO
AND ACCEPTED BY: </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="40%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="40%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Matteo Anversa</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">10/22/2018</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Matteo Anversa</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Date</TD></TR>
</TABLE> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Compensation Term Sheet </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Matteo Anversa </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Attachment to Offer
Letter Dated October&nbsp;22, 2018 </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="71%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><FONT STYLE="font-size:11pt"><B>POSITION</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Position</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive Vice President and Chief Financial Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Primary Work Location</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gentherm Headquarters, Northville MI</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><FONT STYLE="font-size:11pt"><B>DIRECT COMPENSATION</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Salary</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annual salary of $500,000 per year (paid semi-monthly)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Bonus Program</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">The position has a 60% target bonus under the Gentherm Performance Bonus Plan (prorated in the first year of your employment to reflect a partial year, if applicable) (the &#147;Bonus&#148;). Under such bonus plan, your Bonus will
be based on a combination of (i)&nbsp;achievement of individual goals agreed to by you and the CEO no later than March of each year of your employment; and (ii)&nbsp;the Company&#146;s achievement of its financial goals, in all cases subject to
approval by the Compensation Committee of the Gentherm Board of Directors, which approval shall not be unreasonably withheld. Any Bonus for a year will be payable no later than March&nbsp;15 of the following year.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Make Whole Cash Bonus</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">You will be entitled to receive a signing and make whole bonus totaling $550,000 in cash. This amount will be paid with your first paycheck. This bonus must be repaid promptly following any (i)&nbsp;voluntary termination by you of
your employment prior to the first anniversary of your start date or (ii)&nbsp;termination by Gentherm of your employment for Cause (as defined herein) prior to the first anniversary of your start date. Notwithstanding the foregoing, your
resignation for Good Reason (as defined herein) shall not trigger any repayment obligation.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Make Whole Equity Grant</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">On the first date of your employment, equity having a grant date value of $400,000 would be awarded (the &#147;Make Whole Equity Grant&#148;).&nbsp;This amount, divided by Gentherm&#146;s
<FONT STYLE="white-space:nowrap">10-trading</FONT> day average stock price ending on such date, will determine the number of restricted stock units (RSUs) that you would receive.&nbsp;[60% of these RSUs would vest based on the company&#146;s
achievement of financial measures over the following three years and 40% would vest equally over the following three years, without performance conditions.] The performance-based RSUs may vest anywhere from
<FONT STYLE="white-space:nowrap">0-200%</FONT> of target, which at 200% is equivalent to a total grant date value of the entire award of $640,000.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Equity Compensation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">In addition to the Make Whole Equity Grant described above, subject to approval by the Compensation Committee of the Board of Directors in its discretion, you will be entitled to receive equity compensation commensurate with your
position, and commensurate with that awarded to other executive officers of the company (with variations based on relative positions as determined by the Compensation Committee) at periodic intervals.&nbsp;Typically, additional equity grants are
awarded by the</TD></TR>
</TABLE> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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">Term Sheet Page&nbsp;1 of
5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="71%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Compensation Committee each year.&nbsp;Equity grants to executive officers were made in June 2018 and it is expected, although not guaranteed, that new equity grants to executive officers will be made at approximately the same time
in 2019. The recurring equity grant for this position in 2018 was an award with a grant date value of $500,000. For the avoidance of doubt, in any year in which all or substantially all of the other executive officers of the Company receive equity
compensation grants, you will also receive an equity compensation grant</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Separation/Change in Control</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">The terms set forth further below under &#147;Separation/Change in Control&#148; describe your rights and benefits in the event of certain separation or change in control events.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Company Vehicle</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">You will be entitled to full time use of a Company-owned vehicle. The personal use of such vehicle will be a taxable benefit to you.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Technology</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">The Company will provide you with a mobile phone, laptop computer, iPad and appropriate other technology accessories.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Relocation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Relocation benefits will be provided to assist with your move to Northville. The relocation policy and repayment agreement have been provided to you.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Start Date</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">As soon as possible after December&nbsp;1, 2018.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><FONT STYLE="font-size:11pt"><B>EMPLOYEE BENEFITS</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Term Life Insurance/ADD &#150; Company&nbsp;paid</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">150% of annual salary provided by Gentherm in accordance with the group benefit plan offered to other similarly-situated Gentherm employees.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Short Term/Long Term Disability&nbsp;&#150; Company&nbsp;paid</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Provided by Gentherm in accordance with the group benefit plan offered to other similarly-situated Gentherm employees</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Vacation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Four weeks per year</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sick Leave</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">One week per year</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Paid Holidays</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">In accordance with Gentherm&#146;s Northville location holiday schedule (15 total holidays in 2018)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Medical / Dental / Vision / Flexible&nbsp;Spending&nbsp;Account</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">All in accordance with the group benefit plan offered to similarly situated Gentherm employees. Details will be provided to you on your first day of employment, unless you require information sooner.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">401(k) Retirement Savings Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Automatic enrollment at 6% unless opted out. Voluntary participation for amounts above 6%. Current Company discretionary match at dollar for dollar for first 4%.</TD></TR>
</TABLE> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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">Term Sheet Page&nbsp;2 of
5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All amounts and benefits payable by the Company to you in conjunction with your employment by the Company
shall be subject to any applicable federal, state, local or other tax withholding requirements. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SEPARATION / CHANGE IN CONTROL </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>(a)</B>&nbsp;&nbsp;&nbsp;&nbsp;If your employment is terminated by the Company or successor (or if the Company revokes this Offer Letter
Agreement after you sign and return it) without &#147;Cause&#148; (as defined below) or by you for &#147;Good Reason&#148; (as defined below), subject to the notice and release requirements described below, the Company will pay (i)&nbsp;your base
salary for a period of 12&nbsp;months, paid in a lump sum no later than 30&nbsp;days after your termination date; (ii)&nbsp;one full year&#146;s Bonus at target level, paid in a lump no later than 30&nbsp;days after your termination date; and
(iii)&nbsp;a pro rated Bonus (i.e., the product of (A)&nbsp;the number of weeks you were employed by the Company in the year in which your employment terminates and (B)&nbsp;your target Bonus amount divided by 52); in addition, you will be entitled
to (x)&nbsp;immediate vesting of (I)&nbsp;all unvested equity awards that were scheduled to vest during the first 12&nbsp;months following your termination and (II)&nbsp;all unvested portions of the Make Whole Equity Grant, regardless of when such
unvested portions of the Make Whole Equity Grant were scheduled to vest; (y)&nbsp;outplacement services for one year up to a maximum cost of $50,000; and (z)&nbsp;an amount equal to 12&nbsp;months of premiums for COBRA continuation coverage of your
health insurance should you elect such coverage, including the portion that was paid by the Company (the employer portion) and the portion paid by you (the employee portion) during your employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>(b)</B>&nbsp;&nbsp;&nbsp;&nbsp;&#147;Cause&#148; means only your: (i)&nbsp;material or persistent breach of any agreement between you and
the Company; (ii)&nbsp;engaging in any act that constitutes serious misconduct, theft, fraud, material misrepresentation, serious dereliction of fiduciary obligations or duty of loyalty to the Company; (iii)&nbsp;conviction of a felony, or a plea of
guilty or<I> nolo contendere</I> to a felony charge or commission of any criminal act involving moral turpitude which in the reasonable opinion of the Board brings you, the Board, or the Company into disrepute; (iv)&nbsp;willful misconduct in the
performance of your material duties under this letter agreement; (v)&nbsp;willful, unauthorized disclosure of material confidential information belonging to the Company, or entrusted to the Company by a client, customer, or other third party;
(vi)&nbsp;repeatedly being under the influence of drugs or alcohol (other than prescription medicine or other medically related drugs to the extent that they are taken in accordance with their directions) during the performance of your duties under
this letter agreement, or, while under the influence of such drugs or alcohol, engaging in grossly inappropriate conduct during the performance of your duties under this letter agreement; (vii)&nbsp;repeated failure to comply with the lawful
directions of the Board that are not inconsistent with the terms of this letter agreement; (viii)&nbsp;any material failure to comply with the Company&#146;s material written policies or rules that are not inconsistent with this letter agreement;
(ix)&nbsp;material omission, misrepresentation, or falsification of any material information during your interview, background check, or employment negotiations that the Company relied upon in hiring you which first becomes known to the Company
after the date of this letter agreement; or (x)&nbsp;your personal engagement in conduct that a judicial or arbitral tribunal finds violated applicable state or federal laws governing the workplace that could reasonably be expected to bring the
Company into disrepute. In order for the Company to terminate your employment for Cause under any of clauses&nbsp;(i), (iv), (vi), (vii) or (viii)&nbsp;in the preceding sentence, the Company must provide you with written notice of its intention to
terminate employment for Cause and describing the acts or omissions upon which such termination for Cause is based, and you will be provided a <FONT STYLE="white-space:nowrap">30-day</FONT> period from the date of such notice within which to cure or
correct such acts or omissions if they are reasonably susceptible of cure or correction. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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">Term Sheet Page&nbsp;3 of
5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>(c)</B>&nbsp;&nbsp;&nbsp;&nbsp;&#147;Good Reason&#148; means the occurrence of any of the
following without your consent: </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="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(i)</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">a material breach of your Offer Letter Agreement by the Company; </P></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="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(ii)</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B>a material diminution in your then-current compensation or benefits, authority, duties, or
responsibilities, including following a Change in Control, or a change of your primary work location to a location that is more than 50 miles away from Northville, MI; </P></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="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(iii)</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B>a requirement that you report to an individual other than the Chief Executive Officer; or
</P></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="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(iv)</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B>any successor&#146;s failure, including following a Change in Control, to explicitly assume the
Company&#146;s duties and obligations under the terms of this letter agreement. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the above, no
&#147;Good Reason&#148; exists unless (I)&nbsp;you notify the Company in writing within 30 days after the existence of any condition listed above, and the Company fails to cure the condition within 30&nbsp;days after receiving notice, and
(II)&nbsp;you terminate employment by no later than 30&nbsp;days after the providing the notice. Your waiver of any event constituting Good Reason shall not constitute a waiver of any subsequent event. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>(d)</B>&nbsp;&nbsp;&nbsp;&nbsp;A &#147;Change in Control&#148; means the earliest to occur of any of the following events, each of which
must also constitute a &#147;change in control event&#148; (within the meaning of Treas. Reg. section <FONT STYLE="white-space:nowrap">1.409A-3(i)(5)):</FONT> </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="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(i)</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B>Any one Person or more than one Person Acting as a Group (each as defined below) acquires, or has
acquired during the <FONT STYLE="white-space:nowrap">12-month</FONT> period ending on the date of the most recent acquisition by such Person or Group, beneficial ownership of more than a majority of the total fair market value or total voting power
of the then-outstanding securities of the Company; </P></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="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(ii)</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B>Any one Person or more than one Person Acting as a Group (each as defined below) acquires, or has
acquired during the <FONT STYLE="white-space:nowrap">12-month</FONT> period ending on the date of the most recent acquisition by such Person or Group, the assets of the Company that have a total gross fair market value (as determined by the Gentherm
Board of Directors) of more than 50% of the total gross fair market value of all of the assets of, as applicable, the Company immediately prior to the initiation of the acquisition; or </P></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="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(iii)</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B>A majority of the members of the board of directors of the Company is replaced during any <FONT
STYLE="white-space:nowrap">12-month</FONT> period by directors whose appointment or election is not endorsed or approved by a majority of the members of the board who were members of the board prior to the initiation of the replacement.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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">Term Sheet Page&nbsp;4 of
5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For purposes of this provision, a &#147;Person&#148; means any individual, entity or group
within the meaning of section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), other than (A)&nbsp;the Company, (B)&nbsp;any trustee or other fiduciary holding securities under an employee
benefit plan of the Company, or (C)&nbsp;any corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of stock of the Company. Persons will be considered to be
&#147;Acting as a Group&#148; (or a &#147;Group&#148;) if they are a &#147;group&#148; as defined under Section&nbsp;13 of the Exchange Act. If a Person owns equity interests in both entities that enter into a merger, consolidation, purchase or
acquisition of stock, or similar transaction, such shareholder is considered to be Acting as a Group with other shareholders only with respect to the ownership in that entity before the transaction giving rise to the change and not with respect to
the ownership interest in the other entity. Persons will not be considered to be Acting as a Group solely because they purchase assets of the same entity at the same time or purchase or own stock of the same entity at the same time, or as a result
of the same public offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>(e)</B>&nbsp;&nbsp;&nbsp;&nbsp;Your right to receive severance pay under this provision is conditioned
upon (i)&nbsp;your signing and delivering to the Company, and there becoming irrevocable, within 45 days after your employment termination date, a general release of claims, in form and substance reasonably acceptable to the Company, by which you
release the Company from any claim arising from your employment by, or termination of employment with, the Company, in consideration for the payment; and (ii)&nbsp;your continued compliance with the terms of your Confidential Information and
Inventions Assignment Agreement. The release shall preserve your entitlement to your compensation and benefits under this Offer Letter Agreement, your vested savings and retirement benefits, as well as indemnification and defense in accordance with
the Company&#146;s bylaws, personnel policies, insurance policies, and applicable law. The Company will make no payment unless the general release becomes effective on or before the 45th&nbsp;day following your employment termination date. Provided
that you satisfy the foregoing release requirement, any severance payment under this provision that otherwise would be due before then will be paid to you in a lump sum on the first regular Company payroll date following the 45th&nbsp;day after your
employment termination date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>(f)</B>&nbsp;&nbsp;&nbsp;&nbsp;On termination of your employment (for whatever reason) you will be
entitled to receive the pro rata portion of your base salary through the date of your termination, together with such compensation or benefits to which you may be entitled by law or under the terms of the Company&#146;s compensation and benefit
plans in effect including, without limitation, amounts owed to you for unpaid vacation leave accrued during the course of your employment with the Company pursuant to Company policy as from time to time in effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>(g)</B>&nbsp;&nbsp;&nbsp;&nbsp;Upon the Company&#146;s adoption of a severance/change in control benefit plan applicable to executive
officers of the Company (a&nbsp;&#147;New&nbsp;Plan&#148;), the terms of this Offer Letter Agreement set forth beneath the heading &#147;Separation / Change in Control&#148; (page&nbsp;4 hereof) shall no longer control and shall be superseded by the
New Plan, provided that the terms of the New Plan are no less favorable to you than the terms hereof, and provided that the New Plan entitles you to receive the same benefits upon separation or change in control as other executive officers of the
Company. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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">Term Sheet Page&nbsp;5 of
5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>ATTACHMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Form of C<SMALL>ONFIDENTIAL</SMALL> I<SMALL>NFORMATION</SMALL> A<SMALL>ND</SMALL> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>I<SMALL>NVENTION</SMALL> A<SMALL>SSIGNMENT</SMALL> A<SMALL>GREEMENT</SMALL> </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Agreement made ________/________/________ </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>RECITALS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As an employee of Gentherm Incorporated, (hereinafter referred to as the &#147;Company&#148;), I have gained or will gain knowledge of the
Company&#146;s trade secrets or other confidential information or proprietary information, as defined below. The Company would suffer irreparable harm if I were to use such confidential information outside of the Company, and/or on behalf of any
competitor of the Company; and the Company is entitled to be protected from any such unauthorized retention or use. Furthermore, because I have extensive knowledge about the Company&#146;s business and I possess special knowledge concerning that
business, the Company is also entitled to be protected from the possibility that I may seek to become associated with a business that competes with the Company&#146;s business. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>DEFINITIONS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the purposes of this
Agreement, the term &#147;<B>trade secret</B>&#148; includes, but is not limited to, technical data, <FONT STYLE="white-space:nowrap">non-technical</FONT> data, a program, a device, a method, a technique, a drawing, a process, financial data,
financial plans, or a list of actual or potential customers or suppliers lists, graphs, sheets, diskettes for computer storage, and correspondence which (a)&nbsp;derives economic value, actual or potential, from not being generally known outside the
Company and not being readily ascertainable; and (b)&nbsp;is subject to efforts to maintain its secrecy. For purposes of this Agreement the term &#147;<B>other confidential information</B>&#148; includes any information which is not a trade secret,
but which is not generally known to the public, and is received from, or concerns the affairs of, the Company or is received from a third party under obligation of confidentiality. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following is a list of trade secrets or other confidential information intended to be covered by this Agreement. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This list is not inclusive, but intended as an illustration of the types of information protected by this Agreement: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>A.&nbsp;&nbsp;Marketing Information: </B>Information about the Company&#146;s operations, including, but not limited to, identity, number
and location of customers, sales, sales volume(s), and marketing and advertising research. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>B.&nbsp;&nbsp;Management Information:
</B>Any and all information relating to employee compensation programs, procedural systems, hiring practices, technical information, sales techniques quality control, financial information, marketing plans and strategy, operational plans, strategies
and goals, contracts, marketing, evaluation procedures and case studies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>C.&nbsp;&nbsp;Proprietary Information: </B>Any inventions,
source codes, algorithms, schematics, models, discoveries, developments, improvements, methods, processes, <FONT STYLE="white-space:nowrap">know-how,</FONT> compositions, works, concepts, trade secrets, designs and ideas (whether or not capable of
patent, trademark or copyright protection), trademarks, logos, trade names, proprietary materials, copyrights, copyrightable works, <FONT STYLE="white-space:nowrap">non-copyrightable</FONT> works, patents, domain names, database rights,
methodologies, websites, <FONT STYLE="white-space:nowrap">web-pages,</FONT> search engines, designs, applications, data, programs, phone numbers, fax numbers, cell numbers, email addresses and accounts, and any other proprietary information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>D.&nbsp;&nbsp;Other Information: </B>Any other information of any kind which gives the Company an opportunity to obtain advantage over
competitors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the purposes of this Agreement, the &#147;<B>Company</B>&#148; shall mean Gentherm Incorporated and any corporation, division,
partnership, limited liability company or other person and/or business organization working in connection with Gentherm Incorporated, as well as their respective officers, directors, members, employees, and agents. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>AGREEMENT </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In consideration for my
employment and/or continued employment with the Company, the disclosure to me of the Company&#146;s trade secrets and/or other confidential information, and other valuable consideration, I agree to the following: </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<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"><B>A.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Trade Secrets&nbsp;&amp; Other Confidential Information. </B></P></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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">I will not at any time, either during or after my employment with the Company, use or disclose to others any
trade secrets or other confidential information about the Company&#146;s business or any of its proprietary rights to which I had access or was provided during my employment and any such information reasonably considered confidential and not within
my general knowledge or within the scope of my acquired skills from sources other than my employment. I agree to execute any further agreements concerning any trade secrets of the Company as may be required by the Company. </P></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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Upon termination of my employment, I will deliver to the Company all documents or papers (including any medium
for electronic storage of information) relating to the Company&#146;s business or such trade secrets or other confidential information that are in my possession or under my control without making copies or summaries of any such material.
</P></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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">To the fullest extent permitted by law, any inventions, source codes, algorithms, schematics, models,
discoveries, developments, improvements, methods, processes, <FONT STYLE="white-space:nowrap">know-how,</FONT> compositions, works, concepts, trade secrets, designs and ideas (whether or not capable of patent, trademark copyright protection),
trademarks, logos, trade names, proprietary materials, copyrights, copyrightable works, <FONT STYLE="white-space:nowrap">non-copyrightable</FONT> works, patents, domain names, database rights, methodologies, websites,
<FONT STYLE="white-space:nowrap">web-pages,</FONT> search engines, designs, applications, data, programs, phone numbers, fax numbers, cell numbers, email address and accounts, and any other proprietary information (collectively &#147;Proprietary
Information&#148;) (a) suggested by or resulting from any work I do as an employee (alone or with others) of the Company; (b)&nbsp;resulting from my use of the Company&#146;s time, materials or facilities; or (c)&nbsp;relating to existing or planned
activities of the Company (including all affiliates of the Company) are <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">WORKS-FOR-HIRE</FONT></FONT> and shall be promptly disclosed to the Company and shall be its exclusive
property. I assign to the Company any rights I may have or acquire in such Proprietary Information and agree to sign and deliver at any time any instruments confirming the exclusive ownership by the Company. In the event that any Proprietary
Information is determined not to be <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">WORKS-FOR-HIRE</FONT></FONT> by a court of competent jurisdiction, this Agreement shall operate as an irrevocable assignment by me to the Company
of my entire interest in any such Proprietary Information, including, without limitation, any and all rights that I may have or acquire in the Proprietary Information. </P></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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">All inventions, proprietary information, or discoveries that belong to me before being employed by the Company,
and which I want to exempt from this agreement, are listed on an attached schedule. </P></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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">I agree that during my employment by the Company I will not engage in any other employment or business, unless
specifically authorized by the VP of Human Resources and/ or the General Counsel. </P></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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">I agree that my obligations under this Section will continue indefinitely until such time as the information
ceases to be a trade secret or of any other advantage to the Company. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;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"><B>B.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><FONT STYLE="white-space:nowrap">Non-Solicitation</FONT> and
<FONT STYLE="white-space:nowrap">Non-Compete.</FONT> </B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">While associated with the Company, and for a period of twelve
months after my employment with the </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Company ends for any reason, I shall not, either directly or indirectly: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) induce or solicit, directly or indirectly, any employee of the Company to terminate his or her employment with the Company, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) engage in or otherwise provide services to any business which is the same or is substantially similar to the business of the Company, or
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) take any action that will cause the termination of a business relationship between the Company and any business entity who is or was
a customer or supplier, or a prospective customer or supplier of the Company within twelve months prior to my employment ending, and with whom I had material dealings or about whom I was provided confidential information. </P>
<P STYLE="font-size:18pt;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"><B>C.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>At Will Employment, Governing Law, Etc. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">I agree that this agreement (a)&nbsp;shall not be construed as an agreement by the Company to employ me for any specific period;
(b)&nbsp;cannot be modified except in writing, signed by me and the President of the Company entitled &#147;Employment Contract&#148;; (c) shall inure to the benefit of the Company and its successors and assigns; (d)&nbsp;shall be binding upon my
heirs, legal representatives, and assigns; and (e)&nbsp;shall be governed by Michigan Law. I further acknowledge and agree that I am an <B>Employee At Will. </B> </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<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"><B>D.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Injunctive Relief. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">I acknowledge that: (a)&nbsp;the breach of any provision of this Agreement will result in immediate and irreparable damage to the Company;
(b)&nbsp;no adequate remedy at law exists with regard to any such breach; (c)&nbsp;public policy will be furthered by the enforcement of this Agreement by an injunction; (d)&nbsp;injunctive relief will not deprive me of an ability to earn a living
because I am qualified for many positions which do not involve the breach of any provision of this Agreement; and (e)&nbsp;the Company will be entitled to enforce this Agreement by injunction or other equitable remedies in the event of such breach,
in addition to any other remedies available to the Company (including, without limitation, monetary damages). Accordingly, in the event of&nbsp;a breach (or threatened or attempted breach) of this Agreement, the Company shall, in addition to any
other rights and remedies, be entitled to immediate appropriate injunctive relief, or a decree of specific performance of this Agreement, without the necessity of showing any irreparable injury or special damages. If it is judicially determined that
I have violated any of my obligations under this Agreement, I shall pay the Company&#146;s actual legal fees and costs associated with any such judicial action, including, but not limited to, the Company&#146;s actual attorneys&#146; fees. </P>
<P STYLE="font-size:18pt;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"><B>E.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Severability. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If this Agreement shall be held by a court to be invalid or unenforceable because it is too broad in any respect, the agreement shall be
narrowed by the court to the extent required to be enforceable. </P> <P STYLE="font-size:18pt;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"><B>F.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Entire Agreement. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement constitutes the entire agreement and understanding between me and the Company concerning the matters contained herein and
supersedes any prior understanding, agreement or negotiations regarding such matters. </P> <P STYLE="font-size:18pt;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"><B>G.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Assignment. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement shall be assigned by Company in connection with any sale of the Company&#146;s business. I acknowledge that my obligations under
this Agreement are personal to me and that I cannot assign my obligations in this Agreement to any other person or entity. </P> <P STYLE="font-size:18pt;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"><B>H.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>No Legal Restrictions. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">I confirm that there is no legal restriction on my ability to perform the duties and obligations set forth in this Agreement, nor do I have any
existing obligation to others which might be inconsistent with any provision contain herein. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: ________/________/________ </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>I have read and fully understand the terms of this Agreement. </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:3pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Employee</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Accepted and Agreed:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:3pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">On behalf of Gentherm</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Optional Attachment:</B> Excluded Prior Inventions (if any) </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d668804dex102.htm
<DESCRIPTION>EX-10.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXHIBIT 10.2 </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GENTHERM INCORPORATED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2013 EQUITY INCENTIVE PLAN </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RESTRICTED STOCK UNIT AWARD AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PERFORMANCE-BASED GRANT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Gentherm Incorporated, a Michigan corporation (the &#147;<B><I>Corporation</I></B>&#148;), as permitted by the Gentherm Incorporated 2013
Equity Incentive Plan (the &#147;<B><I>Plan</I></B>&#148;), hereby grants to the individual listed below (the &#147;<B><I>Participant</I></B>&#148;), a restricted stock unit (&#147;<B><I>RSU</I></B>&#148;) award as described herein, subject to the
terms and conditions of the Plan and this Restricted Stock Unit Award Agreement (&#147;<B><I>Agreement</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unless otherwise
defined in this Agreement, the terms used in this Agreement have the same meaning as defined in the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>N<SMALL>OTICE</SMALL> <SMALL>OF</SMALL> R<SMALL>ESTRICTED</SMALL> S<SMALL>TOCK</SMALL> U<SMALL>NIT</SMALL>
A<SMALL>WARD</SMALL></B><SMALL></SMALL>.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="55%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="75%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Participant:</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Grant&nbsp;Date:</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Number&nbsp;of&nbsp;Target&nbsp; RSUs in Award:</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>2.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>G<SMALL>RANT</SMALL> <SMALL>OF</SMALL> RSU
A<SMALL>WARD</SMALL></B><SMALL><B></B></SMALL><B>.</B> The Corporation hereby grants to the Participant, as of the Grant Date, the number of target RSUs described in the table above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;D<SMALL>ETERMINATION</SMALL> D<SMALL>ATE</SMALL>; V<SMALL>ESTING</SMALL>. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>(a)</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Determination Date. </B>Whether and the extent to which RSUs are earned shall be determined by the
Committee within 45 days following the finalization of the calculation of the performance measures as finalized as appropriate by the Chief Financial Officer (or person having similar duties) using financial results audited by an independent
registered public accounting firm (the &#147;<B><I>Determination Date</I></B>&#148;), where applicable, <U>provided</U>, <U>however</U>, in no event shall the Determination Date be earlier than the third anniversary of the Grant Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>(b)</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Vesting.</B> If the Participant remains continuously employed on a full-time basis with the Corporation
or its Subsidiaries from the Grant Date until the end of the applicable Determination Date (the &#147;<B><I>Normal Vesting Date</I></B>&#148;), the earned RSUs shall become vested on the Normal Vesting Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>4.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Q<SMALL>UALIFYING</SMALL> T<SMALL>ERMINATION</SMALL> P<SMALL>RIOR</SMALL> <SMALL>TO</SMALL>
N<SMALL>ORMAL</SMALL> V<SMALL>ESTING</SMALL> D<SMALL>ATE</SMALL></B><SMALL><B></B></SMALL><B>.</B>&nbsp;If at any time prior to the Normal Vesting Date, the Participant&#146;s employment is terminated by the Corporation or a Subsidiary or by the
Participant, other than (a)&nbsp;on account of the Participant&#146;s death, (b)&nbsp;on account of the Participant&#146;s &#147;Disability&#148; (as defined below), (c) on account of the Participant&#146;s termination by the Corporation or
applicable Subsidiary without &#147;Cause&#148; (as defined in the Offer Letter between the Corporation and the Participant dated as of October&nbsp;22, 2018 (the &#147;Offer Letter&#148;)), whether or not in connection with a &#147;Change in
Control&#148; (as defined in the Offer Letter), or (d)&nbsp;on account of the Participant&#146;s resignation for &#147;Good Reason&#148; (as defined in the Offer Letter), any unvested RSUs shall be forfeited. If the Participant&#146;s employment is
terminated on account of any of (a)&nbsp;through (d) above, prior to the Normal Vesting Date, the target performance RSUs shall become vested as of the date of the Participant&#146;s employment termination. The vesting of RSUs under this
Section&nbsp;4 is conditioned upon the Participant (or, in the case of Participant&#146;s death, an executor or administrator of Participant&#146;s estate) signing and delivering to the Corporation, and there becoming irrevocable, within 30 days
after the date of such employment termination, </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
a general release of claims (in form and substance reasonably acceptable to the Corporation) by which the Participant releases the Corporation and its affiliated entities and individuals from any
claim arising from the Participant&#146;s employment by, and termination of employment with, the Corporation or its Subsidiaries, in consideration for the receipt and vesting of the RSUs. Any RSUs that would have otherwise vested under this
Section&nbsp;4 shall be forfeited if the general release does not become effective and irrevocable on or before the 30th day following such termination of the Participant&#146;s employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>5.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>D<SMALL>ISABILITY</SMALL></B><SMALL><B></B></SMALL><B>. </B>&#147;Disability&#148; means the
Participant&#146;s inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected either to result in death or to last for an uninterrupted period of not less than
twelve (12)&nbsp;months. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>6.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>F<SMALL>ORFEITURE</SMALL>.</B>&nbsp;Upon termination of the
Participant&#146;s employment with the Corporation and its Subsidiaries for any reason prior to the Normal Vesting Date, any RSUs that do not become vested upon or after such employment termination in accordance with the terms of this Agreement
shall be immediately canceled and forfeited for no consideration at the time of termination of the Participant&#146;s employment. Any RSUs that are outstanding but do not become vested on the Normal Vesting Date in accordance with the terms of this
Agreement shall be cancelled and forfeited for no consideration as of the Normal Vesting Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>7.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>S<SMALL>ETTLEMENT</SMALL> <SMALL>OF</SMALL> RSU<SMALL>S</SMALL></B><SMALL><B></B></SMALL><B>. </B>Subject
to the withholding tax provisions of Section&nbsp;11 below, within forty five (45)&nbsp;days after the date upon which an RSU becomes vested in accordance with the terms of this Agreement, the Corporation shall issue or transfer to the Participant
one share of common stock, no par value, of the Corporation (&#147;<B><I>Common Stock</I></B>&#148;) per each RSU; provided, however, if RSUs vest at the time of a Change in Control in accordance with Section&nbsp;4 hereof, the Corporation shall
issue or transfer to the Participant such shares of Common Stock immediately prior to consummation of the Change in Control. In all cases in which RSUs vest in accordance with Section&nbsp;4, the delivery of Common Stock by the Corporation is
conditioned upon the receipt by the Corporation of the general release of claims described in Section&nbsp;4. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>8.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>R<SMALL>IGHTS</SMALL> A<SMALL>S</SMALL> S<SMALL>HAREHOLDER</SMALL>.</B>&nbsp;Until and if shares of Common
Stock are issued in settlement of vested RSUs, the Participant shall not have any rights of a shareholder (including voting and dividend rights) in respect of the Common Stock underlying the RSUs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;A<SMALL>DJUSTMENTS</SMALL>. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>(a)</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event of any stock dividend, stock split, recapitalization, merger, consolidation or reorganization of
or by the Corporation that occurs after the Grant Date and prior to the date of settlement of the RSUs, appropriate adjustments shall be made to the RSUs so that they represent the right to receive upon settlement any and all substituted or
additional securities or other property (other than cash dividends) to which the Participant would have been entitled if the Participant had owned, at the time of such stock dividend, stock split, recapitalization, merger, consolidation, or
reorganization, the Common Stock that may be issued upon vesting of the RSUs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>(b)</B>&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the
attainment of financial results, all RSUs are subject to reduction or elimination by the Committee prior to settlement if financial results are achieved in ways that are considered not in the best interests of the Company&#146;s shareholders or not
authorized by the Board or management. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>10.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>N<SMALL>ON</SMALL><FONT STYLE="white-space:nowrap">-T</FONT><SMALL>RANSFERABILITY</SMALL>
<SMALL>OF</SMALL> A<SMALL>WARD</SMALL></B><SMALL><B></B></SMALL><B>.</B>&nbsp;Neither the RSUs nor any interest in the RSUs may be transferred, assigned, pledged, hypothecated or borrowed against, except for a transfer under the laws of descent or
distribution as a result of the death of the Participant. The terms of the Plan and this Agreement shall be binding upon the Participant&#146;s executors, administrators, heirs, successors and assigns.&nbsp;Any attempt to transfer, assign, pledge,
hypothecate or borrow against the RSUs in violation of this Section&nbsp;10 in any manner shall be null and void and without legal force or 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">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>11.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>W<SMALL>ITHHOLDING</SMALL>
O<SMALL>BLIGATIONS</SMALL>.</B>&nbsp;The Participant shall be responsible for all taxes required by law to be withheld by the Corporation or a Subsidiary in respect of the grant, vesting or settlement of the RSUs, and the Corporation may make any
arrangements it deems appropriate to ensure payment of any such tax by the Participant. In its Discretion and by way of example and without limitation (i)&nbsp;the Corporation may require the Participant to make a cash payment to the Corporation in
an amount equal to any such withholding tax obligation at the time or at any time after such withholding tax obligation is due and payable, (ii)&nbsp;the Corporation may retain and not issue to the Participant that number of shares of Common Stock
otherwise issuable upon settlement of vested RSUs which have a then value equal to the amount of any such withholding tax, or (iii)&nbsp;the Corporation or any Subsidiary may collect any such withholding tax by reducing any compensation or other
amount otherwise then or thereafter owing by the Corporation or any Subsidiary to the Participant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>12.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>T<SMALL>HE</SMALL> P<SMALL>LAN</SMALL>;
A<SMALL>MENDMENT</SMALL></B><SMALL><B></B></SMALL><B>.</B>&nbsp;This Award is subject in all respects to the terms, conditions, limitations and definitions contained in the Plan, which is incorporated herein by reference.&nbsp;In the event of any
discrepancy or inconsistency between this Agreement and the Plan, the terms and conditions of the Plan shall control.&nbsp;The Committee shall have the right, in its sole discretion, to modify or amend this Agreement from time to time in accordance
with and as provided in the Plan. This Agreement may also be modified or amended by a writing signed by both the Corporation and the Participant. The Corporation shall give written notice to the Participant of any such modification or amendment of
this Agreement as soon as practicable after the adoption thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>13.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>R<SMALL>IGHTS</SMALL>
<SMALL>OF</SMALL> P<SMALL>ARTICIPANT</SMALL>; R<SMALL>EGULATORY</SMALL> R<SMALL>EQUIREMENTS</SMALL>.</B>&nbsp;Without limiting the generality of any other provision of this Agreement or the Plan, Sections&nbsp;21 and 22 of the Plan pertaining to the
Participant&#146;s rights and certain regulatory requirements are hereby explicitly incorporated into this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>14.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>N<SMALL>OTICES</SMALL></B><SMALL><B></B></SMALL><B>.</B>&nbsp;Notices hereunder shall be mailed or
delivered to the Corporation at its principal place of business and shall be mailed or delivered to the Participant at the address on file with the Corporation or, in either case, at such other address as one party may subsequently furnish to the
other party in writing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>15.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>G<SMALL>OVERNING</SMALL>
L<SMALL>AW</SMALL></B><SMALL><B></B></SMALL><B>.</B>&nbsp;This Agreement shall be legally binding and shall be executed and construed and its provisions enforced and administered in accordance with the laws of the State of Michigan, without regard
to its choice of law or conflict of law provisions that would cause the application of the laws of any jurisdiction other than the State of Michigan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>16.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>T<SMALL>RANSFER</SMALL> <SMALL>OF</SMALL> P<SMALL>ERSONAL</SMALL>
D<SMALL>ATA</SMALL></B><SMALL><B></B></SMALL><B>.</B>&nbsp;The Participant authorizes, agrees and unambiguously consents to the transmission by the Corporation (and its Subsidiaries) of any personal data information related to this Award for
legitimate business purposes (including, without limitation, the administration of the Plan).&nbsp;This authorization and consent is freely given by the Participant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>17.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>B<SMALL>INDING</SMALL> A<SMALL>GREEMENT</SMALL>;
A<SMALL>SSIGNMENT</SMALL></B><SMALL><B></B></SMALL><B>.</B>&nbsp;This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Corporation and its successors and assigns.&nbsp;The Participant shall not assign (except in
accordance with Section&nbsp;10 hereof) any part of this Agreement without the prior express written consent of the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>18.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>H<SMALL>EADINGS</SMALL></B><SMALL><B></B></SMALL><B>.</B><B></B>&nbsp;The titles and headings of the
various sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of this Agreement. </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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>19.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>C<SMALL>OUNTERPARTS</SMALL></B><SMALL><B></B></SMALL><B>.</B>&nbsp;This Agreement may be executed in one
or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>20.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>S<SMALL>EVERABILITY</SMALL></B><SMALL><B></B></SMALL><B>.</B> The invalidity or unenforceability of any
provision of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any
other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>21.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>A<SMALL>CQUIRED</SMALL> R<SMALL>IGHTS</SMALL></B><SMALL><B></B></SMALL><B>.</B>&nbsp;The Participant
acknowledges and agrees that: (a)&nbsp;the Corporation may terminate or amend the Plan at any time; (b)&nbsp;the award of the RSUs made under this Agreement is completely independent of any other award or grant and is made in the Discretion of the
Corporation; (c)&nbsp;no past grants or awards (including, without limitation, the RSUs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d)&nbsp;none of the benefits granted under this
Agreement are part of the Participant&#146;s ordinary salary or compensation, and shall not be considered as part of such salary or compensation in the event of or for purposes of determining the amount of or entitlement to severance, redundancy or
resignation or benefits under any employee benefit plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>22.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>R<SMALL>ESTRICTIVE</SMALL>
C<SMALL>OVENANTS</SMALL>; C<SMALL>OMPENSATION</SMALL> R<SMALL>ECOVERY</SMALL>.</B>&nbsp;By signing this Agreement, the Participant acknowledges and agrees that this Award or any Award previously granted to Participant by the Corporation or a
Subsidiary shall be subject to forfeiture as a result of the Participant&#146;s violation of any agreement with the Corporation regarding <FONT STYLE="white-space:nowrap">non-competition,</FONT>
<FONT STYLE="white-space:nowrap">non-solicitation,</FONT> confidentiality, inventions and/or other restrictive covenants (the &#147;<B><I>Restricted Covenant Agreements</I></B>&#148;).&nbsp;For avoidance of doubt, compensation recovery rights to
shares of Common Stock (including such shares acquired under previously granted equity awards) shall extend to the proceeds realized by the Participant due to the sale or other transfer of such shares.&nbsp;The Participant&#146;s prior execution of
the Restricted Covenant Agreements was a material inducement for the Corporation&#146;s grant of this Award. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>23.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>C<SMALL>ODE</SMALL>
S<SMALL>ECTION</SMALL></B><SMALL><B></B><B></B></SMALL><B>&nbsp;409A</B><B>.</B><B>&nbsp;&nbsp;&nbsp;&nbsp;</B>It is intended that this Award be exempt from or comply with Section&nbsp;409A of the Code and this Agreement shall be interpreted and
administered in a manner which effectuates such intent; <U>provided</U>, <U>however</U>, that in no event shall the Corporation or any Subsidiary be liable for any additional tax, interest or penalty imposed upon or other damage suffered by the
Participant on account of this Award being subject to but not in compliance with Section&nbsp;409A of the Code. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S<SMALL>IGNATURE</SMALL>
P<SMALL>AGE</SMALL> F<SMALL>OLLOWS</SMALL> </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>GENTHERM
INCORPORATED</B></P></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dated:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PARTICIPANT ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS RESTRICTED STOCK UNIT AWARD AGREEMENT, NOR IN THE
CORPORATION&#146;S 2013 EQUITY INCENTIVE PLAN, WHICH IS INCORPORATED INTO THIS AGREEMENT BY REFERENCE, CONFERS ON PARTICIPANT ANY RIGHT WITH RESPECT TO CONTINUATION AS AN EMPLOYEE OF THE CORPORATION OR ANY PARENT OR ANY SUBSIDIARY OR AFFILIATE OF
THE CORPORATION, NOR INTERFERES IN ANY WAY WITH PARTICIPANT&#146;S RIGHT OR THE CORPORATION&#146;S RIGHT TO TERMINATE PARTICIPANT&#146;S EMPLOYMENT WITH THE CORPORATION OR ANY PARENT OR ANY SUBSIDIARY OR AFFILIATE OF THE CORPORATION AT ANY TIME,
WITH OR WITHOUT CAUSE AND WITH OR WITHOUT PRIOR NOTICE. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BY ACCEPTING THIS AGREEMENT, PARTICIPANT ACKNOWLEDGES RECEIPT OF A COPY OF THE PLAN AND
REPRESENTS THAT THE PARTICIPANT IS FAMILIAR WITH THE TERMS AND PROVISIONS OF THE PLAN.&nbsp;PARTICIPANT ACCEPTS THE RESTRICTED STOCK UNITS SUBJECT TO ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT.&nbsp;PARTICIPANT HAS REVIEWED THE PLAN AND THIS
AGREEMENT IN THEIR ENTIRETY.&nbsp;PARTICIPANT AGREES TO ACCEPT AS BINDING, CONCLUSIVE AND FINAL ALL DECISIONS OR INTERPRETATIONS OF THE COMMITTEE UPON ANY QUESTIONS ARISING UNDER THE PLAN OR THIS AGREEMENT.</B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dated:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>d668804dex103.htm
<DESCRIPTION>EX-10.3
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.3</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXHIBIT 10.3 </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GENTHERM INCORPORATED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2013 EQUITY INCENTIVE PLAN </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RESTRICTED STOCK UNIT AWARD AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TIME-BASED GRANT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Gentherm Incorporated, a Michigan corporation (the &#147;<B><I>Corporation</I></B>&#148;), as permitted by the Gentherm Incorporated 2013
Equity Incentive Plan (the &#147;<B><I>Plan</I></B>&#148;), hereby grants to the individual listed below (the &#147;<B><I>Participant</I></B>&#148;), a restricted stock unit award as described herein, subject to the terms and conditions of the Plan
and this Restricted Stock Unit Award Agreement (&#147;<B><I>Agreement</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unless otherwise defined in this Agreement, the
terms used in this Agreement have the same meaning as defined in the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>N<SMALL>OTICE</SMALL>
<SMALL>OF</SMALL> R<SMALL>ESTRICTED</SMALL> S<SMALL>TOCK</SMALL> U<SMALL>NIT</SMALL> A<SMALL>WARD</SMALL></B><SMALL></SMALL>.</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="55%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="30%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="69%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Participant:</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Grant Date:</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Number&nbsp;of&nbsp;Restricted Stock&nbsp;Units&nbsp;in&nbsp;Award:&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>2.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>G<SMALL>RANT</SMALL> <SMALL>OF</SMALL> R<SMALL>ESTRICTED</SMALL>
S<SMALL>TOCK</SMALL> U<SMALL>NIT</SMALL> A<SMALL>WARD</SMALL></B><SMALL></SMALL>.&nbsp;The Corporation hereby grants to the Participant, as of the Grant Date, the number of restricted stock units (&#147;<B><I>RSUs</I></B>&#148;) described in the
table above.&nbsp;Each RSU that becomes vested in accordance with the terms of this Agreement represents the right to receive one share of Common Stock of the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>3.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>V<SMALL>ESTING</SMALL> <SMALL>IN</SMALL> G<SMALL>ENERAL</SMALL>.</B>&nbsp;Except as otherwise provided in
this Agreement, the RSUs shall become vested in the following amounts on the following dates, <U>provided</U>, <U>however</U>, that the portion of the RSUs scheduled to become vested on any such vesting date shall become vested on such vesting date
only if the Participant remains continuously employed on a full-time basis with the Corporation or its Subsidiaries from the Grant Date until such vesting date: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="46%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Anniversary of Grant Date</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>(each, a &#147;Vesting Date&#148;)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Shares of RSUs</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Vested on Vesting Date</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">First</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Second</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Third</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>4.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Q<SMALL>UALIFYING</SMALL> T<SMALL>ERMINATION</SMALL> P<SMALL>RIOR</SMALL>
<SMALL>TO</SMALL> N<SMALL>ORMAL</SMALL> V<SMALL>ESTING</SMALL> D<SMALL>ATE</SMALL></B><SMALL><B></B></SMALL><B>.</B>&nbsp;Notwithstanding Section&nbsp;3 of this Agreement but subject to the notice and release requirements set forth below in this
Section&nbsp;4, if the Participant&#146;s employment is terminated (a)&nbsp;on account of the Participant&#146;s death, (b)&nbsp;on account of the Participant&#146;s &#147;Disability&#148; (as defined below), (c) on account of the Participant&#146;s
termination by the Corporation or applicable Subsidiary without &#147;Cause&#148; (as defined in the Offer Letter between the Corporation and the Participant dated as of October&nbsp;22, 2018 (the &#147;Offer Letter&#148;)), whether or not in
connection with a &#147;Change in </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Control&#148; (as defined in the Offer Letter), or (d)&nbsp;on account of the Participant&#146;s resignation for &#147;Good Reason&#148; (as defined in the Offer Letter), any then unvested RSUs
shall become vested as of the date of the Participant&#146;s employment termination. The vesting of unvested RSUs under this Section&nbsp;4 is conditioned upon the Participant (or, in the case of the Participant&#146;s death, an executor or
administrator of the Participant&#146;s estate) signing and delivering to the Corporation, and there becoming irrevocable, within 30&nbsp;days after the date of such employment termination, a general release of claims (in form and substance
reasonably acceptable to the Corporation) by which the Participant releases the Corporation and its affiliated entities and individuals from any claim arising from the Participant&#146;s employment by, or termination of employment with, the
Corporation or its Subsidiaries, in consideration for the receipt and vesting of the RSUs. Any RSUs that would have otherwise vested under this Section&nbsp;4 shall be forfeited unless the general release becomes effective and irrevocable on or
before the 30th day following such termination of the Participant&#146;s employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>5.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>D<SMALL>ISABILITY</SMALL></B><SMALL><B></B></SMALL><B>. </B>&#147;Disability&#148; means the
Participant&#146;s inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected either to result in death or to last for an uninterrupted period of not less than
twelve (12)&nbsp;months. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>6.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>F<SMALL>ORFEITURE</SMALL>.</B>&nbsp;Upon termination of the
Participant&#146;s employment with the Corporation and its Subsidiaries for any reason prior to the generally applicable vesting date under Section&nbsp;3 above, any RSUs that do not become vested upon such employment termination in accordance with
the terms of this Agreement shall be immediately canceled and forfeited for no consideration at the time of termination of the Participant&#146;s employment termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>7.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>S<SMALL>ETTLEMENT</SMALL> <SMALL>OF</SMALL> RSU<SMALL>S</SMALL></B><SMALL><B></B></SMALL><B>. </B>Subject
to satisfaction of the Participant&#146;s withholding tax obligations under Section&nbsp;11 below, within ten (10)&nbsp;business days after the date upon which an RSU becomes vested in accordance with the terms of this Agreement, the Corporation
shall issue or transfer to the Participant one share of Common Stock. In all cases in which RSUs vest in accordance with Section&nbsp;4, the delivery of Common Stock by the Corporation is conditioned upon the receipt by the Corporation of the
general release of claims described in Section&nbsp;4. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>8.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>R<SMALL>IGHTS</SMALL> A<SMALL>S</SMALL>
S<SMALL>TOCKHOLDER</SMALL>.</B>&nbsp;Until and if shares of Common Stock are issued in settlement of vested RSUs, the Participant shall not have any rights of a stockholder (including voting and dividend rights) in respect of the Common Shares
underlying the RSUs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>9.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>A<SMALL>DJUSTMENTS</SMALL></B><SMALL></SMALL>. In the event of any stock
dividend, stock split, recapitalization, merger, consolidation or reorganization of or by the Corporation that occurs after the Grant Date and prior to the date of settlement of the RSUs, appropriate adjustments shall be made to the RSUs so that
they represent the right to receive upon settlement any and all substituted or additional securities or other property (other than cash dividends) to which the Participant would have been entitled if the Participant had owned, at the time of such
stock dividend, stock split, recapitalization, merger, consolidation, or reorganization, the Common Stock that may be issued upon vesting of the RSUs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>10.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>N<SMALL>ON</SMALL><FONT STYLE="white-space:nowrap">-T</FONT><SMALL>RANSFERABILITY</SMALL>
<SMALL>OF</SMALL> A<SMALL>WARD</SMALL></B><SMALL></SMALL>.&nbsp;Neither the RSUs nor any interest in the RSUs may be transferred, assigned, pledged, hypothecated or borrowed against, except for a transfer under the laws of descent or distribution as
a result of the death of the Participant. The terms of the Plan and this Agreement shall be binding upon the Participant&#146;s executors, administrators, heirs, successors and assigns.&nbsp;Any attempt to transfer, assign, pledge
or&nbsp;hypothecate the RSUs in violation of this Section&nbsp;10 in any manner shall be null and void and without legal force or 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">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>11.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>W<SMALL>ITHHOLDING</SMALL>
O<SMALL>BLIGATIONS</SMALL>.</B>&nbsp;The Participant shall be responsible for all taxes required by law to be withheld by the Corporation or a Subsidiary in respect of the settlement of vested RSUs, and the Corporation may make any arrangements it
deems appropriate to ensure payment of any such tax by the Participant. In its Discretion and by way of example and without limitation (i)&nbsp;the Corporation may condition the settlement of vested RSUs upon the Participant first paying cash to the
Corporation in an amount equal to any such withholding tax obligation, (ii)&nbsp;the Corporation may retain and not issue to the Participant that number of shares of Common Stock otherwise issuable upon vesting of the RSUs which have a then value
equal to the amount of any such withholding tax, or (iii)&nbsp;the Corporation or any Subsidiary may collect any such withholding tax by reducing any compensation or other amount otherwise then or thereafter owing by the Corporation or any
Subsidiary to the Participant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>12.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>T<SMALL>HE</SMALL> P<SMALL>LAN</SMALL>;
A<SMALL>MENDMENT</SMALL></B><SMALL></SMALL>.&nbsp;This Award is subject in all respects to the terms, conditions, limitations and definitions contained in the Plan, which is incorporated herein by reference.&nbsp;In the event of any discrepancy or
inconsistency between this Agreement and the Plan, the terms and conditions of the Plan shall control.&nbsp;The Committee shall have the right, in its sole discretion, to modify or amend this Agreement from time to time in accordance with and as
provided in the Plan. This Agreement may also be modified or amended by a writing signed by both the Corporation and the Participant. The Corporation shall give written notice to the Participant of any such modification or amendment of this
Agreement as soon as practicable after the adoption thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>13.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>R<SMALL>IGHTS</SMALL> <SMALL>OF</SMALL>
P<SMALL>ARTICIPANTS</SMALL>; R<SMALL>EGULATORY</SMALL> R<SMALL>EQUIREMENTS</SMALL></B><SMALL></SMALL>.&nbsp;Without limiting the generality of any other provision of this Agreement or the Plan, Sections 21 and 22 of the Plan pertaining to the
Participant&#146;s rights and certain regulatory requirements are hereby explicitly incorporated into this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>14.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>N<SMALL>OTICES</SMALL></B><SMALL></SMALL>.&nbsp;Notices hereunder shall be mailed or delivered to the
Corporation at its principal place of business and shall be mailed or delivered to the Participant at the address on file with the Corporation or, in either case, at such other address as one party may subsequently furnish to the other party in
writing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>15.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>G<SMALL>OVERNING</SMALL> L<SMALL>AW</SMALL></B><SMALL><B></B></SMALL><B>.</B>&nbsp;This
Agreement shall be legally binding and shall be executed and construed and its provisions enforced and administered in accordance with the laws of the State of Michigan, without regard to its choice of law or conflict of law provisions that would
cause the application of the laws of any jurisdiction other than the State of Michigan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>16.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>T<SMALL>RANSFER</SMALL> <SMALL>OF</SMALL> P<SMALL>ERSONAL</SMALL>
D<SMALL>ATA</SMALL></B><SMALL></SMALL>.&nbsp;The Participant authorizes, agrees and unambiguously consents to the transmission by the Corporation (and its Subsidiaries) of any personal data information related to this Award for legitimate business
purposes (including, without limitation, the administration of the Plan).&nbsp;This authorization and consent is freely given by the Participant. </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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>17.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>B<SMALL>INDING</SMALL> A<SMALL>GREEMENT</SMALL>;
A<SMALL>SSIGNMENT</SMALL></B><SMALL></SMALL>.&nbsp;This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Corporation and its successors and assigns.&nbsp;The Participant shall not assign (except in accordance with
Section&nbsp;10 hereof) any part of this Agreement without the prior express written consent of the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>18.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>H<SMALL>EADINGS</SMALL></B><SMALL></SMALL>.&nbsp;The titles and headings of the various sections of this
Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>19.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>C<SMALL>OUNTERPARTS</SMALL></B><SMALL></SMALL>.&nbsp;This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>20.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>S<SMALL>EVERABILITY</SMALL></B><SMALL></SMALL>.&nbsp;The invalidity or unenforceability of any provisions
of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any other
jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>21.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>A<SMALL>CQUIRED</SMALL> R<SMALL>IGHTS</SMALL></B><SMALL></SMALL>.&nbsp;The Participant acknowledges and
agrees that: (a)&nbsp;the Corporation may terminate or amend the Plan at any time; (b)&nbsp;the award of the RSUs made under this Agreement is completely independent of any other award or grant and is made in the Discretion of the Corporation;
(c)&nbsp;no past grants or awards (including, without limitation, the RSUs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d)&nbsp;any benefits granted under this Agreement are not part of the
Participant&#146;s ordinary salary or compensation, and shall not be considered as part of such salary or compensation in the event of or for purposes of determining the amount of or entitlement to severance, redundancy or resignation or benefits
under any employee benefit plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>22.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>R<SMALL>ESTRICTIVE</SMALL> C<SMALL>OVENANTS</SMALL>;
C<SMALL>OMPENSATION</SMALL> R<SMALL>ECOVERY</SMALL>.</B>&nbsp;By signing this Agreement, Participant acknowledges and agrees that this Award or any Award previously granted to Participant by the Corporation or a Subsidiary shall be subject to
forfeiture as a result of the Participant&#146;s violation of any agreement with the Corporation regarding <FONT STYLE="white-space:nowrap">non-competition,</FONT> <FONT STYLE="white-space:nowrap">non-solicitation,</FONT> confidentiality, inventions
and/or other restrictive covenants (the &#147;<B><I>Restricted Covenant Agreements</I></B>&#148;).&nbsp;For avoidance of doubt, compensation recovery rights to shares of Common Stock (including such shares acquired under previously granted equity
awards) shall extend to the proceeds realized by the Participant due to the sale or other transfer of such shares.&nbsp;The Participant&#146;s prior execution of the Restricted Covenant Agreements was a material inducement for the Corporation&#146;s
grant of this Award. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>23.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>C<SMALL>ODE</SMALL>
S<SMALL>ECTION</SMALL></B><SMALL><B></B><B></B></SMALL><B>&nbsp;409A</B><B>.</B><B></B> It is intended that this Award be exempt from or comply with Section&nbsp;409A of the Code and this Agreement shall be interpreted and administered in accordance
such intent; <U>provided</U>, <U>however</U>, that in no event shall the Corporation or any Subsidiary be liable for any additional tax, interest or penalty imposed upon or other damage suffered by the Participant on account of this Award being
subject to but not in compliance with Section&nbsp;409A of the Code. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> F<SMALL>OLLOWS</SMALL>
</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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>GENTHERM
INCORPORATED</B></P></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dated:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PARTICIPANT ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS RESTRICTED STOCK UNIT AWARD AGREEMENT, NOR IN THE
CORPORATION&#146;S 2013 EQUITY INCENTIVE PLAN, WHICH IS INCORPORATED INTO THIS AGREEMENT BY REFERENCE, CONFERS ON PARTICIPANT ANY RIGHT WITH RESPECT TO CONTINUATION AS AN EMPLOYEE OF THE CORPORATION OR ANY PARENT OR ANY SUBSIDIARY OR AFFILIATE OF
THE CORPORATION, NOR INTERFERES IN ANY WAY WITH PARTICIPANT&#146;S RIGHT OR THE CORPORATION&#146;S RIGHT TO TERMINATE PARTICIPANT&#146;S EMPLOYMENT WITH THE CORPORATION OR ANY PARENT OR ANY SUBSIDIARY OR AFFILIATE OF THE CORPORATION AT ANY TIME,
WITH OR WITHOUT CAUSE AND WITH OR WITHOUT PRIOR NOTICE. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BY ACCEPTING THIS AGREEMENT, PARTICIPANT ACKNOWLEDGES RECEIPT OF A COPY OF THE PLAN AND
REPRESENTS THAT THE PARTICIPANT IS FAMILIAR WITH THE TERMS AND PROVISIONS OF THE PLAN.&nbsp;PARTICIPANT ACCEPTS THE RESTRICTED STOCK UNITS SUBJECT TO ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT.&nbsp;PARTICIPANT HAS REVIEWED THE PLAN AND THIS
AGREEMENT IN THEIR ENTIRETY.&nbsp;PARTICIPANT AGREES TO ACCEPT AS BINDING, CONCLUSIVE AND FINAL ALL DECISIONS OR INTERPRETATIONS OF THE COMMITTEE UPON ANY QUESTIONS ARISING UNDER THE PLAN OR THIS AGREEMENT. </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dated:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>d668804dex104.htm
<DESCRIPTION>EX-10.4
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.4</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 10.4 </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SEPARATION AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This SEPARATION AGREEMENT (this &#147;<B><U>Agreement</U></B>&#148;), is entered into as of December&nbsp;11, 2018 (the &#147;<B><U>Effective
Date</U></B>&#148;) by and between Barry&nbsp;G. Steele (&#147;<B><U>Steele</U></B>&#148;) and Gentherm Incorporated, a Michigan corporation (&#147;<B><U>Gentherm</U></B>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Recitals </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;Steele has been an employee of Gentherm since 2004, holding the office of Vice-President of Finance and Chief
Financial Officer (&#147;<B><U>CFO</U></B>&#148;) since his hire date and Treasurer since 2005. </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;Steele and
Gentherm have agreed that Steele&#146;s tenure as Vice-President of Finance, CFO and Treasurer will end on the date (the &#147;<B><U>Transition Date</U></B>&#148;) of the appointment of a new CFO of Gentherm by the Gentherm Board of Directors (the
&#147;<B><U>Board</U></B>&#148;). Upon the Board&#146;s request, Steele has agreed to provide transition services to Gentherm as a Vice President (but not an executive officer) of the Company after the Transition Date for a period of time thereafter
ending as set forth in <U>Section</U><U></U><U>&nbsp;1</U> hereof. </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;In consideration of Steele&#146;s service to
Gentherm for the Remaining Employment Period (as defined in <U>Section</U><U></U><U>&nbsp;2(a)</U> hereof), Gentherm has agreed to make the payments and provide the benefits to Steele described in this Agreement, subject to the terms and conditions
herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, the parties agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Separation of Employment.</B> Steele&#146;s employment with Gentherm will terminate no earlier than 30
days after the Transition Date and no later&nbsp;than February&nbsp;15, 2019, on an exact date to be determined by the Chief Executive Officer of Gentherm (the &#147;<B><U>CEO</U></B>&#148;) in his sole discretion (the&nbsp;&#147;<B><U>Separation
Date</U></B>&#148;); provided, however, that Gentherm may terminate Steele for Cause (as defined in Section&nbsp;8 hereof) at any time and without notice. Except as set forth in the prior sentence, the CEO must provide written notice of the
Separation Date to Steele at least 30 days prior to the Separation Date; provided, if there is no written notice provided prior to termination by Gentherm (including in the event Steele&#146;s employment terminates on February&nbsp;15, 2019 pursuant
to the first sentence of this Section&nbsp;1 without Steele having received notice), then for purposes of determining the further rights and benefits accruing to Steele under Sections&nbsp;2 and 3 hereof, the Separation Date shall be deemed to be
the earlier of 30 days after Steele&#146;s actual termination date and February&nbsp;15, 2019. If Steele&#146;s employment with Gentherm is terminated at any time either by Gentherm for Cause or due to Steele&#146;s resignation, the provisions of
Section&nbsp;8 shall apply and Steele shall not be entitled to any of the rights and benefits under Section&nbsp;2 and 3 hereof that have not already been paid, except as required by law. </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">1 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>2.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Continuation of Salary, Bonus and Benefits; Duties</B>.
</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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">From the Effective Date through and including the Separation Date (the &#147;<B><U>Remaining Employment
Period</U></B>&#148;), Steele will continue to receive his current salary and automobile allowance, payable in accordance with the Company&#146;s normal payroll practices. During the Remaining Employment Period, Steele also will be eligible to
receive bonus payments pursuant to the Gentherm Incorporated Performance Bonus Plan (the &#147;<B><U>Bonus Plan</U></B>&#148;); provided, however, that regardless of whether the Separation Date is before or after December&nbsp;31, 2018, (a) Steele
will be eligible for a bonus under the Bonus Plan for the calendar year 2018, subject to the other terms and conditions of the Bonus Plan, which shall be payable at the time provided in the Bonus Plan, and (b)&nbsp;Steele will not be eligible to
receive any bonus under the Bonus Plan for calendar year 2019. During the Remaining Employment Period, Steele will continue to receive the employee health and welfare benefits he receives from Gentherm as of the Effective Date; provided, that,
except as set forth in Section&nbsp;3 hereof, Steele agrees that his right to participate in such employee health and welfare benefit plans will cease on the Separation Date. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">During the Remaining Employment Period, Steele shall devote his working time, efforts and skills as is
reasonably necessary to assist Gentherm and its new CFO in the transitioning of the new CFO to such role (the &#147;<B><U>Transition Services</U></B>&#148;). Steele shall provide the Transition Services at the Company&#146;s headquarters in
Northville, Michigan or such other location as mutually agreed upon by Steele and Gentherm. Steele shall be available during normal business hours to provide Transition Services and to assist, advise and counsel the new CFO as may be reasonably
requested. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>3.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Transition and Separation Benefits.</B> On the date that that Gentherm
publicly announces that Steele will be replaced as the CFO of Gentherm (the &#147;<B><U>Announcement Date</U></B>&#148;), Steele is entitled to receive payment for any accrued but unused vacation time through the Announcement Date, and at the
Separation Date, Steele is entitled to receive payment for any accrued but unused vacation time during the period from the Announcement Date through the Separation Date (&#147;<B><U>Accrued Vacation</U></B>&#148;). At the Separation Date, Steele is
entitled to receive any accrued but unpaid salary through the Separation Date (&#147;<B><U>Accrued Wages</U></B>&#148;). In recognition of Steele&#146;s many years of service to Gentherm, and in consideration of and conditioned upon Steele&#146;s
continued service through the Separation Date and his obligations under this Agreement, Gentherm has agreed to make the following additional separation payments and provide the following additional separation benefits to Steele (the
&#147;<B><U>Separation Benefits</U></B>&#148;), subject to the conditions set forth herein: </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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Cash Payment</I>. Gentherm shall pay Steele $642,720 in cash (the &#147;<B><U>Severance
Payment</U></B>&#148;) if Steele has, in accordance with Section&nbsp;5 hereof, executed and delivered to Gentherm the Release (defined below in Section&nbsp;5 hereof) and the Release has become irrevocable prior to such date of payment. The
Severance Payment, if due under the preceding sentence, shall be paid by Gentherm as soon as reasonably practical after the Release has been executed and delivered and becomes irrevocable, but not later than March&nbsp;15, 2019. For clarity, if the
Release has not been executed and delivered and become irrevocable before March&nbsp;15, 2019, Steele shall not be entitled to receive and shall not be paid the $642,720 cash payment. </P></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">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Incentive Equity</I>. As of the Announcement Date, (i) 9,398 shares of restricted stock of Gentherm granted
to Steele on October&nbsp;3, 2017 and issued under the Gentherm Incorporated 2013 Equity Incentive Plan (the &#147;<B><U>2013 Equity Plan</U></B>&#148;) shall vest immediately and no longer be subject to the restrictions set forth in the applicable
award agreement, and (ii)&nbsp;the portion of restricted stock and options to purchase Gentherm common stock (&#147;<B><U>Options</U></B>&#148;) granted to Steele under the 2013 Equity Plan that are scheduled to vest in February 2019 (the
&#147;<B><U>February 2019 Equity</U></B>&#148;) shall vest immediately and no longer be subject to the restrictions set forth in the applicable award agreement and shall be immediately exercisable, and such Options, along with any other vested
Options to purchase Gentherm common stock held by Steele on the Announcement Date (collectively, all vested Options held by Steele on the Announcement Date after the vesting of the February 2019 Equity are referred to as &#147;<B><U>Outstanding
Options</U></B>&#148;) are automatically amended so that they may be exercised by Steele at any time through the stated expiration date of each such Outstanding Option as set forth in the applicable award agreement. For clarity, the February 2019
Equity consists of: </P></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="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">9,000 Options with an exercise price of $38.05 per share; </P></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="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">7,500 Options with an exercise price of $40.64 per share; </P></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="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">7,500 Options with an exercise price of $41.69 per share; and </P></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="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">7,083 shares of restricted stock. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Gentherm and Steele hereby agree that Steele may sell any or all of his shares of Gentherm common stock at any time subject to compliance
with applicable law and subject to Section&nbsp;9 hereof. </P> <P STYLE="font-size:12pt;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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>COBRA</I>. Subject to Steele&#146;s timely election of continuation coverage under the Consolidated Omnibus
Budget Reconciliation Act (&#147;<B><U>COBRA</U></B>&#148;), during the COBRA Subsidy Period (as defined below), Gentherm will pay Steele&#146;s health insurance coverage to the same extent that Gentherm paid for such coverage immediately prior to
the Separation Date, in a manner intended to avoid any excise tax under Section&nbsp;4980D of the Internal Revenue Code of 1986, as amended, subject to the eligibility requirements and other terms and conditions of such insurance coverage. The
&#147;<B><U>COBRA Subsidy Period</U></B>&#148; shall begin on the Separation Date and end upon the earliest of: (i)&nbsp;a date that is twelve months following Separation Date; (ii)&nbsp;the date the Steele is no longer eligible to receive COBRA
coverage; and (iii)&nbsp;the date on which the Steele otherwise becomes eligible to receive substantially similar coverage from another employer. Steele agrees to notify Gentherm within five (5)&nbsp;calendar days of becoming eligible to receive
substantially similar coverage from another employer. Following the expiration of the COBRA Subsidy Period, Steele may elect to continue COBRA coverage for the remainder of the COBRA eligibility period as defined by law, if any, at Steele&#146;s own
expense. In no event will Gentherm be obligated to pay any portion of Steele&#146;s COBRA coverage premiums for a period beyond the COBRA Subsidy Period. Gentherm reserves the right to modify or terminate Gentherm&#146;s payment toward the cost of
the premium for COBRA coverage provided hereunder to the extent necessary to comply with applicable law. </P></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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Outplacement Services. </I>Gentherm will pay up to $10,000 for outplacement services for the benefit of
Steele through an outplacement firm selected by Steele (the &#147;<B><U>Outplacement Firm</U></B>&#148;), provided Steele submits appropriate documentation to enable Gentherm to pay such Outplacement Firm directly. Gentherm&#146;s obligation to pay
for any outplacement costs for the benefit of Steele will expire on the earlier of (i)&nbsp;December&nbsp;31, 2019 or (ii)&nbsp;the date on which Steele has accepted other employment, in each case regardless of whether the entire $10,000 amount
referred to above has been spent. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Steele is responsible for the payment of all taxes on all of the Separation Benefits and other
compensation provided to him in this Agreement. All of the payments and benefits described above to be made or provided to or for the benefit of Steele (including accelerated vesting of restricted stock and any exercise of Options) will be subject
to withholding of taxes and other lawful deduction, as well as reporting on a <FONT STYLE="white-space:nowrap">W-2</FONT> under applicable law. Cash payments hereunder may be reduced by withholding tax owing on such payments and by withholding tax
owing on any <FONT STYLE="white-space:nowrap">non-cash</FONT> benefits hereunder (including accelerated vesting of restricted stock and any exercise of Options). If at the time withholding tax is owing on such
<FONT STYLE="white-space:nowrap">non-cash</FONT> benefits there is then payable hereunder to Steele either no or insufficient cash to cover the withholding tax on such cash and on such <FONT STYLE="white-space:nowrap">non-cash</FONT> benefits, then
Steele shall immediately make a cash payment to the Company in an amount equal to the deficiency. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>4.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Other Separation Date Matters.</B> On or before the Separation Date, Steele will deliver to Gentherm all
Gentherm-owned property in his possession or in his control, including but not limited to any documents, data, property and other materials, in whatever form, that he received, created or compiled during his employment with Gentherm (the
&#147;<B><U>Gentherm Owned Property</U></B>&#148;) and he hereby confirms that he (or anyone on his behalf) has not and will not retain any copies thereof. Steele will submit to Gentherm a request for reimbursement of all business expenses relating
to his employment no later than 30 days after the Separation Date; such expenses will subject to and paid in accordance with Gentherm&#146;s business expense reimbursement policy and the provisions of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>5.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Release Condition. </B>It is a condition of Gentherm&#146;s obligations to provide the Separation Benefits
not yet provided (and it is a condition of Steele&#146;s right to retain Separation Benefits previously provided) that Steele sign and deliver to Gentherm on or within 10 days after the Separation Date (but in no event prior to the Separation Date)
the Release attached to this Agreement as <U>Exhibit</U><U></U><U>&nbsp;A</U> (the &#147;<B><U>Release</U></B>&#148;) and that Steele does not revoke such Release. Steele understands and agrees that Gentherm has expressly informed him that Gentherm
would not have agreed to provide any of the Separation Benefits absent Steele&#146;s execution of both this Agreement and the Release. If Steele fails to sign and deliver the Release to Gentherm within 10 days after Separation Date, or delivers the
Release but revokes it within the time period permitted for revocation in the Release, then none of the Separation Benefits shall have been earned by Steele and, in the event any of the Separation Benefits have already been paid to him at such time,
Steele shall be obligated to promptly refund or reimburse Gentherm for such Separation Benefits </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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
(including the repayment of <FONT STYLE="white-space:nowrap">pre-tax</FONT> gross proceeds from any sale of Gentherm common stock that vested or otherwise remained outstanding in accordance with
Section&nbsp;3(b) hereof) and Gentherm shall be authorized to immediately terminate any outstanding equity awards under the 2013 Equity Plan and to take any reasonably related actions to effectuate its rights hereunder; provided, that &#147;gross
proceeds&#148; for an Option will be calculated less the exercise price of such Option, on a <FONT STYLE="white-space:nowrap">pre-tax</FONT> basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>6.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Confidential Information.</B> Steele acknowledges that he remains bound by and agrees that he will comply
in all respects with all confidentiality agreements that he signed during his employment with Gentherm, or any policies and procedures of Gentherm relating to confidentiality by employees or officers in effect as of the Effective Date, including the
Confidential Information and Inventions Assignment Agreement dated as of October&nbsp;3, 2017 (the &#147;<B><U>Confidentiality Agreement</U></B>&#148;), and Steele acknowledges that his obligations under such confidentiality agreements, policies and
procedures will continue after his employment with Gentherm ends. Steele acknowledges and agrees that Gentherm has invested considerable amounts of time and money in attaining and developing all of the confidential or proprietary information, and
any unauthorized disclosure or release of such information in any form would irreparably harm Gentherm. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>7.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Restrictive Covenants; <FONT STYLE="white-space:nowrap">Non-Disparagement.</FONT> </B>Steele acknowledges
that he remains bound by and agrees that he will continue to comply in all respects with all restrictive covenants that he was subject to (whether by written agreement with Gentherm or Gentherm policy) during his employment with Gentherm in effect
as of the Effective Date, and Steele acknowledges that his obligations under such restrictive covenants will continue after his employment with Gentherm ends. From the Effective Date through and including the second anniversary of the Separation
Date, Steele shall not engage in any defamatory, slandering or maliciously disparaging statements or other communications (whether in written or oral form) or conduct against Gentherm or any of its subsidiaries or affiliates or any of their
respective employees, officers, directors, advisors or consultants, which includes, but is not limited to, disparaging text messages, <FONT STYLE="white-space:nowrap">e-mail</FONT> communications and comments or postings on blogs, comment boards,
and social media networking websites. Further, Steele shall not make any statements, comments or other communications concerning the foregoing parties or their respective products and services to the press, media other similar entity or
organization. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>8.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Termination for Cause or Voluntarily. </B>If, at any time after the Effective Date
Steele&#146;s employment with Gentherm is terminated by the Board for Cause or Steele voluntarily resigns from his employment with Gentherm (a)&nbsp;he will not receive any compensation or benefits set forth in Sections&nbsp;2 and 3 hereof, except
(i)&nbsp;to the extent Gentherm has already paid such compensation or benefits at the time of such termination (such as, for example, in the case where such termination occurs after the Announcement Date and Steele has already received the Accrued
Vacation through the Announcement Date and acceleration of the February 2019 Equity) and (ii)&nbsp;that Gentherm shall make payment of the Accrued Wages and Accrued Vacation through the date of his termination and reimburse Steele for all business
expenses relating to his employment that are submitted to Gentherm within 30&nbsp;days after the date of his termination, subject to and paid in accordance with Gentherm&#146;s business expense reimbursement policy and this Agreement, and
(b)&nbsp;excluding Sections 2 and 3 hereof, the provisions of this Agreement, including, without limitation, the provisions of Section&nbsp;7 above, will remain in full force and effect (with any </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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
reference to Separation Date to refer to the date of termination). As used in this Agreement, &#147;<B><U>Cause</U></B>&#148; means (i)&nbsp;gross or willful misconduct in the performance of
Steele&#146;s duties, (ii)&nbsp;fraud of any kind, or (iii)&nbsp;gross insubordination with respect to directions from the CEO or the Board with respect to otherwise executing the duties and responsibilities as the CFO and Treasurer of Gentherm
(through the Transition Date) or a Vice President of Gentherm (through the Separation Date), based on historical practice or as set forth in any policy or procedure as of the Effective Date or otherwise required by law; provided, however, that for
purposes of this proviso (iii), Steele must first be given written notice and not less than 15 days to cure such insubordination before such conduct shall qualify as a termination for Cause. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>9.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Clawback Policy / Insider Trading Policy</B>. Steele acknowledges that some of the payments required to be
made to him under this Agreement are subject to the Gentherm Incorporated Compensation Clawback Policy. Steele has had an opportunity to review such policy and has previously signed an acknowledgement of the policy terms. Steele also acknowledges
that he is currently subject to the Restated Statement of Policy for Securities Trading by Company Personnel and that he will continue to be subject to such policy for so long as he meets the definition of &#147;Persons Subject to This Policy
Statement&#148; therein; provided, such policy will be applied to Steele in the same manner as applied to the executive officers of the Gentherm. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>10.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>No Representation.</B> Steele represents and acknowledges that, in executing this Agreement, Steele does
not rely and has not relied on any representation or statement by Gentherm or any agents or representatives of Gentherm with regard to the subject matter, basis or effect of this Agreement that is not set forth in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>11.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Binding Agreement.</B> Steele represents and warrants that the execution, delivery and performance of
this Agreement will not (and with the giving of notice or lapse of time, or both, would not) result in the breach of any agreement or other obligation to which he is a party or is otherwise bound. This Agreement shall be binding upon Steele and
Steele&#146;s heirs, administrators, representatives, executors, successors and assigns, and shall inure to the benefit of Gentherm and its directors, officers, representatives, successors and assigns. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>12.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Governing Law and Interpretation.</B> This Agreement is made and entered into in the State of Michigan,
and shall in all respects be interpreted, enforced and governed under the laws of the State of Michigan without regard to its choice of law or conflict of laws provision or rule (whether the State of Michigan or any other jurisdiction). The language
of all parts of this Agreement shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against any of the parties. In the event of a breach of any provision of this Agreement, either party may institute an
action specifically to enforce any term or terms of this Agreement and/or to seek any damages for breach. Should any term, condition, provision or covenant of this Agreement be declared illegal or unenforceable by any court of competent jurisdiction
and cannot be modified to be enforceable, excluding the general release language, such term, condition, provision or covenant shall immediately become null and void, leaving the remainder of this Agreement in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>13.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Amendment.</B> This Agreement may not be modified, altered or changed except in writing and signed by
both Steele and Gentherm (with express approval of the Gentherm Board) wherein specific reference is made to this Agreement. </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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>14.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Notices.</B> Any notice or other communication required
or permitted to be given under this agreement will be sufficient if it is in writing, sent to the applicable address set forth below (or as otherwise specified by a party by notice to the other party in accordance with this Section&nbsp;14) and
delivered personally, by certified or registered mail or by recognized overnight courier, or delivered by <FONT STYLE="white-space:nowrap">e-mail</FONT> coupled with confirmation of actual receipt: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">If to Gentherm, to the address set forth below: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Gentherm Incorporated </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Attention:
Vice-President and General Counsel </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">21680 Haggerty Rd. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Northville, MI 48167 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">If to
Steele, at the last known address in Gentherm&#146;s payroll records. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>15.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Entire Agreement.</B> This
Agreement, together with the Release, sets forth the entire agreement between the parties, and fully supersedes any and all prior agreements or understandings between the parties pertaining to the subject matter of the Agreement, except that any
other agreements that Steele entered into with Gentherm that pertains to confidentiality, <FONT STYLE="white-space:nowrap">non-disclosure,</FONT> <FONT STYLE="white-space:nowrap">non-solicitation,</FONT> and/or
<FONT STYLE="white-space:nowrap">non-competition,</FONT> including, without limitation, the Confidentiality Agreement, remain in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>16.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Support. </B>Steele warrants and agrees that he will not, directly or indirectly, challenge and/or
dispute the enforceability and/or validity of this Agreement, or any portion thereof. Steele further agrees and warrants that he will not, and has not, directly or indirectly, instigate(d), incite(d), encourage(d) and/or otherwise cause(d) or
aid(ed) any person and/or entity to bring any claim and/or action which challenges and/or disputes the enforceability and/or validity of this Agreement, including any portion thereof. Steele further agrees that in the event that any such claim,
action and/or challenge is brought, he will support, advocate for and agree with the enforceability and validity of this Agreement, and will cooperate with Gentherm in defending against any such claim, action and/or challenge. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>17.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Cooperation. </B>During and after the Remaining Employment Period, Steele shall cooperate with Gentherm
with respect to any claim or matter and shall make himself available to consult with counsel or serve as a witness in any action, investigation or other proceeding before any court, governmental agency, arbitrator or mediator, in which he may be
called to appear by Gentherm, regarding any business, property or operations of Gentherm or any of its affiliates or subsidiaries, and he shall truthfully testify in any such action, proceeding or deposition in which he also appears. Upon request by
Steele and prior approval by Gentherm, Gentherm shall reimburse Steele for reasonable travel expenses incurred by Steele in connection with any such appearance in which Steele is so called to appear. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>18.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Waiver of Breach.</B> The waiver by a party of any breach of any provision of this Agreement by the other
party shall not operate or be construed as a waiver of any subsequent breach of the same or any other provision hereof by that party. </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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>19.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Counterparts. </B>This Agreement may be executed in one
or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;Code Section&nbsp;409A.</B></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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Gentherm and Steele intend that any amounts or benefits to be paid or provided under this Agreement be exempt
from or comply with the provisions of Section&nbsp;409A of the Internal Revenue Code and the Treasury Regulations and other guidance relating thereto (&#147;<B><U>Code</U></B><U> </U><B><U>Section</U></B><B><U></U></B><B><U>&nbsp;409A</U></B>&#148;)
so that Steele is not subject to additional tax or other sanctions under Code Section&nbsp;409A. The provisions of this Agreement shall be interpreted in a manner consistent with such intent. In furtherance thereof, to the extent that any provision
hereof would otherwise result in Steele being subject to additional tax or other sanctions under Code Section&nbsp;409A, if and to the extent permissible under Code Section&nbsp;409A, Gentherm and Steele agree to amend this Agreement in a manner
that brings this Agreement into compliance with Code Section&nbsp;409A and preserves to the maximum extent possible the economic value of the relevant payment or benefit under this Agreement to Steele. Notwithstanding the foregoing, no particular
tax result for Steele with respect to any income recognized by him in connection with this Agreement is guaranteed, and Steele alone will be solely responsible for any additional taxes or other sanctions imposed on him under or as a result of Code
Section&nbsp;409A in connection with this Agreement. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">With respect to any amount of expenses eligible for reimbursement under this Agreement, such expenses will be
reimbursed by Gentherm no later than December 31st of the year following the year in which Steele incurs the related expenses. In no event will the amount of expenses eligible for reimbursement, or <FONT STYLE="white-space:nowrap">in-kind</FONT>
benefits to be provided, by Gentherm in one calendar year affect the amount of expenses eligible for reimbursement, or <FONT STYLE="white-space:nowrap">in-kind</FONT> benefits to be provided, in any other calendar year, nor will Steele&#146;s right
to reimbursement or <FONT STYLE="white-space:nowrap">in-kind</FONT> benefits be subject to liquidation or exchange for another benefit. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">If any amount payable under this Agreement is subject to Code Section&nbsp;409A and is payable upon, on account
of or as a result of termination of Steele&#146;s employment with Gentherm, notwithstanding any other provision of this Agreement such amount (if otherwise payable before the earlier of the dates set forth in the following clauses (i)&nbsp;and (ii))
shall be paid on the earlier of (i)&nbsp;the date that is six months and one day after Steele&#146;s &#147;separation from service&#148; (within the meaning of Code Section&nbsp;409A), or (ii)&nbsp;the date of Steele&#146;s death, but only to the
extent such delay is necessary to prevent Steele from incurring additional tax on and/or other sanctions in respect of such payment under Code Section&nbsp;409A. </P></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">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Gentherm and Steele knowingly and voluntarily sign this Agreement as of the date(s) set
forth below: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="37%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-size:10pt">DATED:</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:10pt">December 11, 2018</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:10pt">/s/ Barry G. Steele</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-size:10pt"><B>BARRY G. STEELE</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD>
<TD HEIGHT="32" COLSPAN="4"></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="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><B>G<SMALL>ENTHERM</SMALL> I<SMALL>NCORPORATED</SMALL></B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">DATED:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">December 11, 2018</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Phillip M. Eyler</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:10pt">Name:</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:10pt">Phillip M. Eyler</FONT></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="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Its:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">President and Chief Executive Officer</TD></TR>
</TABLE> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EXHIBIT A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>FORM OF RELEASE </U></B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This document constitutes the Release contemplated by Separation Agreement between Barry G. Steele (&#147;Employee&#148;) and Gentherm
Incorporated (&#147;Gentherm&#148;) dated as of _______________, 2018 (the &#147;Separation Agreement&#148;). All capitalized terms utilized but not otherwise defined herein shall have the meanings ascribed to them in Separation Agreement. Pursuant
to this Release, Employee hereby acknowledges and promises to Gentherm as follows: </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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Separation of Employment.</B> Employee acknowledges that<B> </B>his employment with Gentherm ended on
________________ (&#147;Separation Date&#148;). </P></TD></TR></TABLE> <P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Payment of Moneys Owed.</B> Employee acknowledges that, excluding the amounts expressly set forth in the
Separation Agreement which, by their terms, are to be paid after the date hereof, Gentherm has paid all remuneration owed to him as a result of his employment with Gentherm. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Consideration. </B>Employee is giving the promises set forth in this Release as consideration for
Gentherm&#146;s promises, amounts, payments, benefits and privileges in the Separation Agreement which are contingent upon Employee&#146;s promises in this Release, including the general release of claims. Employee agrees that such amounts,
payments, benefits and privileges specified in the Separation Agreement are in excess of any amounts, payments, benefits and privileges to which he is entitled. Employee also agrees that the amounts, payments, benefits and privileges described in
the Separation Agreement are independent and adequate consideration for his release of all claims and rights specified herein and any other obligations set forth in this Release or the Separation Agreement. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Complete Release of All Claims.</B> Employee, on behalf of himself and all of his heirs, assigns, proxies
and/or attorneys in fact, hereby knowingly and voluntarily releases and forever discharges Gentherm and its current and former parents, subsidiaries and affiliates, predecessors, successors and assigns and each of its and their respective directors,
officers, attorneys, agents, representatives and employees, individually and in their business capacities, and its and their employee benefit plans and programs and their administrators and fiduciaries (all of which shall be given its broadest
interpretation, and collectively referred to as &#147;<U>Releasees</U>&#148;) from any and all claims and causes of action, whether now known or unknown, of whatever kind or nature, based on any act, omission, event, occurrence, or nonoccurrence
from the beginning of time to the date of execution of this Release, including, but not limited to, claims that arise out of or in any way relate to Employee&#146;s employment or separation from employment with Gentherm. Employee acknowledges and
agrees that this general release includes, but is not limited to, claims of breach of implied or express employment contracts or covenants, promissory estoppel, entitlement to any pay (other than the amounts promised in the Separation Agreement),
defamation, wrongful termination, public </P></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">A-1 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<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="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
policy violations, emotional distress and related matters, claims of discrimination, harassment, or retaliation under federal, state or local laws, and claims based on any federal, state or other
governmental statute, regulation or ordinance, including, but not limited to, Title&nbsp;VII of the Civil Rights Act of 1964 (&#147;<U>Title VII</U>&#148;); Sections 1981 through 1988 of Title 42 of the United States Code; The Employee Retirement
Income Security Act of 1974 (&#147;<U>ERISA</U>&#148;) (as modified below); The Immigration Reform and Control Act; the Americans with Disabilities Act (&#147;<U>ADA</U>&#148;); the Equal Pay Act (&#147;<U>EPA</U>&#148;); the Age Discrimination in
Employment Act (&#147;<U>ADEA</U>&#148;); the Rehabilitation Act of 1973; the Older Workers Benefit Protection Act; The Worker Adjustment and Retraining Notification Act; the Family and Medical Leave Act (&#147;<U>FMLA</U>&#148;); The Fair Credit
Reporting Act; The Genetic Information Nondiscrimination Act of 2008; Michigan&#146;s Elliott-Larsen Civil Rights Act; the Michigan Persons with Disabilities Civil Rights Act; the Michigan Whistleblowers&#146; Protection Act; Michigan&#146;s
Bullard-Plawecki Right to Know Act; Michigan Statutory Provision Regarding Retaliation/Discrimination for Filing a Worker&#146;s Compensation Claim; the Michigan Payment of Wages and Fringe Benefits Act; the Michigan Minimum Wage Law; the Michigan
Equal Pay Law; and any other federal, state, or local laws, or regulations, or any common law actions, relating to Employee&#146;s employment that Employee may have against Gentherm or any of the Releasees as of the date hereof, and/or any type of
damages, wages, bonuses, commissions, benefits, attorney fees, costs or relief of any type (legal, equitable or otherwise). If any claim is not subject to release, to the extent permitted by law, Employee waives any right or ability to be a class or
collective action representative or to otherwise participate in any putative or certified class, collective or multi-party action or proceeding based on such a claim in which Gentherm or any other Releasee identified in this Release is a&nbsp;party.
</TD></TR></TABLE> <P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Claims Not Released. </B>Employee is not waiving any rights Employee may have to: (a)&nbsp;Employee&#146;s
own vested accrued employee benefits under the applicable health, welfare, or retirement benefit plans as of the Separation Date, the rights to which are governed by the terms of the applicable plan documents; (b)&nbsp;benefits and the right to seek
benefits under applicable workers&#146; compensation and unemployment compensation statutes; (c)&nbsp;pursue claims that by law cannot be waived by signing this Release, including but not limited to filing a charge with the Equal Employment
Opportunity Commission (&#147;<U>EEOC</U>&#148;), the National Labor Relations Board (&#147;<U>NLRB</U>&#148;) or other governmental or administrative agency or from participating in any investigation, hearing or proceeding of the EEOC, the NLRB or
other governmental or administrative agency; provided, however, to the maximum extent permitted by law, Employee agrees that if such an administrative claim is made, Employee shall not be entitled to recover any individual monetary relief or other
individual remedies, other than any monetary award offered by the Securities and Exchange Commission (&#147;<U>SEC</U>&#148;) pursuant to Section&nbsp;21F of the Securities Exchange Act of 1934, as amended; (d)&nbsp;enforce the Separation Agreement;
(e)&nbsp;claims that may arise after he signs this Release; (f)&nbsp;challenge the validity or enforceability of this Release under the ADEA, as amended by the Older Workers Benefit Protection Act of 1990 (&#147;OWPBA&#148;), or (g)&nbsp;any claim
for indemnification arising under the Company&#146;s organizational documents. </P></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">A-2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>No Representation.</B> Employee represents and acknowledges that in executing this Release, Employee does
not rely and has not relied on any representation or statement by any of the Releasees or by any of the Releasees&#146; agents or representatives with regard to the subject matter, basis or effect of this Release that is not reflected herein.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Acknowledgments.</B> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee affirms that Employee has not filed, has not caused to be filed, and is not presently is a party
to any claim against Gentherm. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee affirms that Employee has no known workplace injuries or
occupational diseases arising out of Employee&#146;s employment with Gentherm for which he has not already filed a claim. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">iii.&nbsp;&nbsp;&nbsp;&nbsp;Employee affirms that Employee has been granted any leave to which Employee was entitled under the Family and
Medical Leave Act or related state or local leave or disability accommodation laws, and has not been subjected to any improper treatment, conduct or actions due to or related to his request for, or taking of, any such leave of absence. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">iv.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee affirms that all of Gentherm&#146;s decisions regarding Employee&#146;s pay and benefits through the
date of Employee&#146;s execution of this Release were not discriminatory based on age, disability, race, color, sex, religion, national origin or any other classification protected by law. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">v.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee represents and warrants that prior to signing this Release, Employee has disclosed to the Board
of Directors of Gentherm any belief or information Employee may have that Gentherm has engaged in any unlawful activity of any kind. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">vi.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee affirms that Employee has not been retaliated against for reporting any allegations of wrongdoing by
Gentherm or its officers, directors or employees including any allegations of corporate fraud. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">vii.&nbsp;&nbsp;&nbsp;&nbsp;Employee
represents and warrants that he has the sole right, title and interest in the claims released in this Release, and that he has not assigned or transferred, to any person, any claim intended to be released under this Release. </P>
<P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><FONT STYLE="white-space:nowrap">Non-Admission</FONT> of Liability.</B> This Release does not constitute an
admission that any Releasee has violated any law, rule, regulation, contractual right or any other duty or obligation. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Voluntary Agreement; ADEA Notice.</B> Employee understands that this Release includes a release of all
claims, known and unknown, that Employee has or may have against the Releasees, including all claims arising under the ADEA. Employee acknowledges that Employee has been advised in writing to consult with an
</P></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">A-3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<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="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
attorney before Employee signs this Release. Employee acknowledges and agrees that Employee was provided with a copy of this Release on December&nbsp;11, 2018 and was thereafter provided with at
least <FONT STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days within which to decide whether to sign this Release. If Employee does sign this Release, Employee understands that he will have seven (7)&nbsp;days after he signs to change
Employee&#146;s mind and revoke the Release, in which case a written notice of revocation must be delivered to Vice-President and General Counsel, Gentherm Incorporated, 21680 Haggerty Rd., Northville, MI 48167, on or before the seventh (7th) day
after Employee&#146;s execution of the Release. </TD></TR></TABLE> <P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Binding.</B> This Release shall be binding upon Employee and his heirs, administrators, representatives,
executors, successors and assigns, and shall inure to the benefit of Releasees and each of them, and to their heirs, administrators, representatives, executors, successors, and assigns. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Governing Law.</B> This Release shall in all respects be interpreted, enforced and governed under the laws
of the State of Michigan without regard to its choice of law or conflict of laws provision or rule (whether the State of Michigan or any other jurisdiction). The language of all parts of this Release shall in all cases be construed as a whole,
according to its fair meaning, and not strictly for or against any of the parties. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Severability.</B> Should any term, condition, provision or covenant of this Release be declared or be
determined by any court to be illegal or invalid, the validity of the remaining terms, conditions, provisions or covenants shall not be affected, and said illegal or invalid term, condition, provision or covenant shall be deemed not to be part of
this Release. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">13.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Entire Agreement.</B> This Release, together with the Separation Agreement and other agreements referenced
in Section&nbsp;15 thereof, sets forth the entire agreement between the parties, and fully supersedes any and all prior agreements or understandings between the parties pertaining to the subject matter of such documents. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;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%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">14.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Acknowledgement.</B> By signing below, Employee acknowledges and confirms that he: (a)&nbsp;has read this
Release in its entirety and understands all of its terms; (b)&nbsp;knowingly, freely, and voluntarily agrees to all of the terms and conditions set forth in this Release and intends to be bound legally by them; and (c)&nbsp;is signing this Release
in exchange for good and valuable consideration in addition to anything of value to which Employee is otherwise entitled. Employee further acknowledges and confirms that he may not execute and is not executing this Release until on or after the
Separation Date. </P></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">A-4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PLEASE READ CAREFULLY. THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS RELEASE INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS HE HAS OR MIGHT HAVE
AGAINST RELEASEES. </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="42%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-size:10pt">DATED:</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:10pt"><B>BARRY G. STEELE</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:24pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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">A-5 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>6
<FILENAME>d668804dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <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="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="34%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">


<IMG SRC="g668804g52v97.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g668804g01p19.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Gentherm Names Matteo Anversa as Executive Vice President, Chief Financial Officer and Treasurer </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NORTHVILLE, Mich.</B>,&nbsp;December 12, 2018&nbsp;(GLOBE NEWSWIRE) &#150; Gentherm (NASDAQ: THRM), the global market leader and developer of innovative
thermal management technologies, announced today that Matteo Anversa will join the Company&#146;s leadership team as Executive Vice President, Chief Financial Officer and Treasurer on January&nbsp;1, 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Anversa will lead all of Gentherm&#146;s financial and IT operations on a global basis, and he will report to Gentherm&#146;s President and CEO, Phil Eyler.
Anversa succeeds Barry Steele as Gentherm&#146;s CFO. Steele will step down as the Company&#146;s Vice-President of Finance, Chief Financial Officer and Treasurer effective upon Anversa&#146;s start date. Steele will provide transition services
through February&nbsp;15, 2019. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;I am delighted that Matteo is joining our executive management team as CFO. He is an accomplished financial
executive with global experience and strong business acumen,&#148; said Eyler. &#147;Matteo&#146;s disciplined approach to financial reporting and analysis and operational excellence will help continue to drive Gentherm&#146;s focused growth and
improved profitability.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Eyler added, &#147;Barry was Gentherm&#146;s CFO for more than 14 years and he oversaw the Company&#146;s growth from a <FONT
STYLE="white-space:nowrap">start-up</FONT> to $1&nbsp;billion in revenue. I want to personally thank Barry for his dedication and commitment to Gentherm and wish him well in his future endeavors.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;I&#146;m excited to be part of a company that has so much opportunity ahead,&#148; said Anversa. &#147;I am looking forward to leading the finance and
IT organizations to help deliver the next phase of growth for Gentherm.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Anversa joins Gentherm from Myers Industries, Inc., an international
manufacturer of polymer-based material handling products and a wholesale distributor of tire repair and retread products (NYSE: MYE), where he was Executive Vice President, CFO since December 2016. At Myers Industries, he was responsible for driving
cash flow, improving working capital, managing business restructuring and M&amp;A activities, strengthening corporate controls and developing the Company&#146;s IT strategy. Prior to Myers Industries, he was the Vice President, Group FP&amp;A for
Fiat Chrysler Automobiles N.V. since April 2015. He joined FCA in 2013 as the CFO for Ferrari SpA, where he helped prepare the company for its IPO. Anversa began his career with General Electric Corporation where he held various leadership roles
during his <FONT STYLE="white-space:nowrap">16-year</FONT> tenure, including CFO, GE Gas Engines; Global FP&amp;A Manager, GE Transportation; and CFO, GE Consumer&nbsp;&amp; Industrial, Asia Pacific. </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g668804g01p19.jpg" ALT="LOGO">
 </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">Anversa holds a degree in Mechanical Engineering from the University of Parma, Italy. He is a dual citizen of
the United States and Italy. Anversa will be based at Gentherm&#146;s corporate headquarters in Northville, MI. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investor Contact</B> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yijing Brentano </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>investors@gentherm.com</U> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">248.308.1702 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Media Contact</B> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Melissa Fischer </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>media@gentherm.com</U> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">248.289.9702 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About</B><B></B><B>&nbsp;Gentherm</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Gentherm&nbsp;(NASDAQ:THRM) is a global developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and
temperature control applications. Automotive products include variable temperature Climate Control Seats (CCS&reg;), heated automotive interior systems (including heated seats, steering wheels, armrests and other components), battery thermal
management systems, cable systems and other electronic devices. Medical products include patient temperature management systems. The Company is also developing a number of new technologies and products that will help enable improvements to existing
products and to create new product applications for existing and new markets. Gentherm has over 13,000 employees in facilities in the United States, Germany, Canada, China, Hungary, Japan, Korea, Macedonia, Malta, Mexico, United Kingdom, Ukraine,
and Vietnam. For more information, go to <U>www.gentherm.com</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Except for historical information contained herein, statements in this release are
forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent&nbsp;Gentherm Incorporated&#146;s&nbsp;goals, beliefs, plans and
expectations about its prospects for the future and other future events.&nbsp;The forward-looking statements included in this release are made as of the date hereof or as of the date specified and are based on management&#146;s current expectations
and beliefs.&nbsp;Such statements are subject to a number of important assumptions, risks, uncertainties and other factors that may cause the Company&#146;s actual performance to differ materially from that described in or indicated by the
forward-looking statements. Those risks include, but are not limited to, risks that new products may not be feasible, sales may not increase, additional financing requirements may not be available, new competitors may arise or customers may develop
their own products to replace the Company&#146;s products, currency exchange rates may change unfavorably, pricing pressures from customers may increase, and other adverse conditions in the industries in which the Company operates may negatively
affect its results The foregoing risks should be read in conjunction with other cautionary statements included herein, as well as in the Company&#146;s annual report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended
December&nbsp;31, 2017&nbsp;and subsequent reports filed with the&nbsp;Securities and Exchange Commission. Except as required by law, the Company expressly disclaims any obligation or undertaking to update any forward-looking statements to reflect
any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. </I></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">Page <B>2</B> of <B>2</B>
</P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g668804g01p19.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g668804g01p19.jpg
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M/O_M $A0:&]T;W-H;W @,RXP #A"24T$!       #QP!6@ #&R5'' (   (
M @ X0DE-!"4      !#\X1^)R+?)>"\T8C0'6'?K_^X #D%D;V)E &3
M ?_; (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$" @(! @(# P,#
M P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M_\  $0@ ) #! P$1  (1 0,1 ?_$ +X   (" P$! 0             '" D$
M!@H% @,!  (# 0$! 0$            &!0<(! ,) @$0   & 0,# P("! D-
M      $" P0%!@< $0@2$PDA%!4B%C$743(C&$%2,Y/3)"4U.6%"4[-4=+4F
M=K8W=PH1  $# @4" P0%" 8(!P    $" P01!0 A$@8',1-!42)A,A0(<9$C
M,Q6!H4)B<B06%['14E-S-O#!\8*#LR4XLF-$=(0U=?_:  P# 0 "$0,1 #\
M[=>1O(JG<<J2>S6(!DIE^5PC6:RW5.1Y,NFXMDUEE3(-WKIM$LW#YNFLJD@X
M74<.6[1LBX>NFK9>4M5JD75_MM9-I]Y7@.OT5)H:"H% 5$A*5$=D"$N=)2PC
M($YGR'YA]9  J20 2*I*?SKY"V'( .G"\$!IRWS>.:[7'?9C*:TM%5:#.Y/:
M)G:NG N8# 59(=]D&S.GKN-KZX%@V8R,PL86,[<[1 B10&JZ@D+*CF=)R2H]
M*=P_=I !4/60E--5KP]F65Z*4O!S2AI+JU)S<*5G0R "/O)+A"(K*0%.5[R^
MVTGUS>I7D!Q_9X]Y-.ZW/1T"IC6L9=KCY4A4I"9Q[D'*1L2XJGI"'7*F>!6R
ME+-EI2-:J*J*HPYD5%A!50R2=8W._P 2TH<<E Z&T(4:?^8Z&D#Z5*/U8E7^
M!=P ,MQ)#"Y2[D_!6G/2B3$@_B$U"5BO<3#:*6G5@ *?U)3Z0%%_O.15/;H'
M.DSD5'*2DZQ<-UNRW!I-UFXN*)-PSM4#J@BNULJ2+;N;"D)GS0PB":X'!+NW
M*UAMB@SH<7((<%,@$N,R?A'&U'/24OE#>JA2%/L:J)<U!6B\5WZ0X I;09(:
M4%"IU-/Q1,:=2*"H4P5N::ZJ,O@ J;*2U:7=(&^P+>P5YU[AHL845DC@!'3%
MV0I#JLWB.XBDN0BA3!_ 8ARG*(E, B[V"_6[<EM1=+8K4PK(@Y*0J@)2H>!%
M0?:""*@@X3-P[>N>V+DJUW5&E](J",TK220%H/BDD$>8(*30@C&V:FL0>#1@
MP:,&#1@P:,&#1@P:,&#1@P:,&#1@P:,&#1@P:,&#1@P:,&#1@P:,&#1@P:,&
M#1@QSG<Q+U=\J\C+3&TR1]K<&UYQOQYP2LH .&E>R_E>=ME8J]X['28BZ>#,
M<TJ]9( ! 0-+/8%<^YHYL)+;M,2/;[&UWA5I32WWO,MMI2I2?^*M;$?]E+H'
MOG#)M?LEU<B2*Q&PMQP?VFVNJ/\ BKTH/ZI(\<1F>P<+<:PXJ&)!5AJUR5SW
M7O%9Q,(@JX.[K/#["LVI+<M\LLGJ94A>3.;K7!3*LS(F*+AX0&XJ&,(>J[?E
MN]M+,@UE=OXE\^;KWW:/8&VR D>&=,:)V:Z;9<3>+H M-CMSE\E@THY/<1HM
M[)!\&-;>A/0'53$E)*28VQES/O\  M&K.KV?GEQ+X;8T;,"=+-G0^+]AH[3X
MV(#U D::R*R2NQ/I,;?^+Z9AY!DG\&DNC_U%WM\9/T(D-*('Y=6+UV[#<M,C
M9>WI:E*GPM@;AW#+*O>,B\QY5%K_ %PREE.>8'TXFPY;L%[EDF(E $\.IS/L
M.-I=,#=/_*_(G&T5%2:1#!L"9V]N(R?)&_S'*13_ *Q0'6?KNF+-W7/BS,X3
M7(#MM>%:?NM_MK;3B:^&F4EAY)\'$A74#%;Q')3-@M4Z%E/&P&;@T>O[Q8I[
MCK9/F%12\RH>+:BGH3CWN*E[F8/(45!3"X[7B*>QUB1,/0B2\5.?MU-L;TA
M#9-0]QI+EP)0VZ@LR9?U44P"R^';K-A368D]7VDMI2'QT'Q4=U^,^JG@52(R
MW/\ Y@'1*0(_FS;4"Y;6?N4!(_Z<^AQ@]28<EB++803X@19;;=<Z?AZCU6HF
M77*WDE1>(G'W)O(?(Q7+BLXW@#2AHE@=(DG8IEXY;Q==K,49;]D60L$Z^;M4
MSF 2I=T5#!T$-K6%DM$F_75FU1*!YY5*GHD#-2C[$I!/MI3&/8D9R9(3&;]Y
M1^H>)_(,<S6'\L^>GR>QDAG;!>1L>\5,$.Y:5;4%LJA$PT=-DBW:C-PVB7[^
ME7NZV]%D[1,W<R;@K./5<IJE0('0=,MPSX/&.S5BV7)EV=<PD:^I(J*U("T(
M349A(JH"E?/#.\S8+60Q(2IU^F?7+\X ^C,XN!\:3_RIM)O+U"\B$?CF3K=%
M+!L<<9-@"Q!+)D"3?D]T\<,U:H1C 2=4CHP"@HX=QT=)E?*=HR9^A02(>\$;
M)4VQ*VH7@Z[4N-JKI0!D*ZJJ"B? *4FF=>F(>YBU%*'+<5!2JU2>@^O.OY2*
M8JOS[S:\J&9/*EFW@YPXS!B['$?1FJCNK1ESI=56B!B*Y3JK-S[Z5LLI3;I/
M.)F0?6$133*F#<"@!2@0"B)G2U[<V5;]DQMR7^.\\MTT44+56JEJ"0$A:$T
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M )8?E<L>]=JR-\\F1W7+9,;4W 8#BV5%(J%3"4%*B-0TL ^E5%.$*248L_\
MO:6_T3+^:5_I]:K_ !Z9Y(^H_P!>,9?P[!_M.?6/ZL4,911D,7<Q+&_.F9-W
MB^T<S\\PQE"^CF7A>#=61QR[ H[E44:MIJ?7;?K"F<%!+L8#;:(0ZF;M]L#H
MZS%9/T&6ON#\R ?R8\]N1 ]$6P?<>=C-G]E<GU?T '"]XJ1+>F9.\:+!^)7=
M=XI>);)/,&506^I/[US@9BE+S*YC;E,^<E=/3BH.YA.<QM]]]*FYY(5(N$@]
M535)_P!UH$ ?13%Y.LN7#:]_88],N^;NAVM)'70R2H)'LJ$9>RF/;XNQ+M;A
M_P"+*O2 G4F^1G,FP\CK2(@857H)VJ[7%P[7 VYC$4CWS,XB/X#T^NVLL;S7
MWD;8M?Z4[<3;RAYI9*W#^:F-,;VD-,<I\K71F@A[:V(U9V?))6Q&CA(\CK2X
M,O;B=TF4\H?)<BS'K/<_(WC> AU '85EJG)023LZ(_PE0;Q:HF,'H %'?\-9
MZ.NY3K_-8S^.Y?MT=D^9B=C61[$A"B3X4.*P@Z82+1%?R3;^)K@^Z/(26WB@
M'VJ4XD >-1C)PVT-8L[PRT9]38V7.4EC1,3U+\$;D!#N8]T!@]/;N'-+EP)_
ME.;](ZN#9+/QNZTKC_=&\7IX4_NS=$E)^@EAZGTG'CR ^FU<:2&YF3OX%MU@
M@]>]^".I<3^TE,N,3[ /9CZ\WF"+[R!\=&9:QC:.?SEJJ3ZH902K<4DJXDK'
M$T*>;2]@C&#5$#*/'J<&#ATD@4#'64; 0@"<Q0UM?CFYQ;7NR.],(2PX%MZC
MT25I(22? :J GPK7IC&%C?;CW%"W31!JFOE44'Y\5A\#>:?#CDOXKHO@MDGD
MS%\1<GU?'),6S4Z_L#"D3"<?#6%.7CKWCZ=EWD7$R1Y=B@0KQ$KHKMLZ.N51
M/H$AU'/<VW=P6?>JMRPX:I\);W< "2L5*:%"T@$BAZ&E"*4/4"4N$*9%NIGM
M-%YHJU 4KU'0@?[,1>\5,VCCKS/S&#<.<M<B\F<!M<5WULTNLU=)B:K]Z794
MNL3SU8T<>2>03HM8N"R[5N[;E$IQ0ZB'$IQZIG>S9E\>IN5P@LP[H7T50$ *
M15:DC.@4-2:$@^?3+'5=4]RRA]YE+4C6,@ ",R/IS'AB/G)7$^(,U><CE11<
MX\B'O%V@.'4E*.<M1]EB:FY9R\9CJA#%U\)J;<-F"1)PRZ@&3$_6J"6Q0U*V
M>=/MW&\*3;8@FR@  T4E507%U509^G\U<=$5UYFQ-.,-]US^S2OB<Z#RQ=UX
MR^.O!SC7R$=RN'/)M+\G,@7^GRE+AL3S&9Z;/L9$B:S>ROI5O5H5^Z=S4O%,
MH-0Z)_0&J KFV'J$0KG>-VW)=[4$7"SIAQ6G LNAI:2/T0-1% "3GYFF(.YR
M9TF/1Z*&FTJJ5:2/9U/TX@;R\QQ1\O\ _P!'6-\7Y+K,9<:%>L75BNVFM3"(
MKL)6+?84R*51)0"F(JBN@H4JJ"R9B*H+ID43,4Y2B#/89<F!Q(]-AK4W*:?4
MI*AU!#S?^PCH1D<=\1QQG;:G6B4N)42"/VABOOR$\=N3'BKALX\5869D[OP9
MY</(>7HLU.)KO6\-8ZA9X2W-&2KA'H;P&4(=M")LGQ@ K>P170YZ.ZB)6[1M
M6[6?>SD:]N)#>Y8 (6!E5*DE)/ZS9J2/%"LJT.<C;I$6ZE$M0"9S/4#Q!!'Y
M4FM1Y'+Z>L7PN_X7G#W_ -=2W_?=MU1_(7^<Y_\ C#_P)PI7K_[1[]K_ %#"
M)Y&_XK7'/_<*+_K+KKYP<F?]W>V?\.+_ $R<?0/B7_LCW;_BS/Z(>+@LE?\
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/C!@T8,&C!@T8,&C!C__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g668804g52v97.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g668804g52v97.jpg
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M/O_M $A0:&]T;W-H;W @,RXP #A"24T$!       #QP!6@ #&R5'' (   (
M @ X0DE-!"4      !#\X1^)R+?)>"\T8C0'6'?K_^X #D%D;V)E &3
M ?_; (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$" @(! @(# P,#
M P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M_\  $0@ $0#X P$1  (1 0,1 ?_$ )X   (" P$! 0             '!@@$
M!0D# @H!  (# 0$! 0             &! 4' P@" 1   04! 0 ! P$& 0T
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MO6ZM?6R&5_(TK].AK\C'?R-_<ZGZJ^UKQOLC#4YL3))#8(H=<MX]]@GS+/\
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MWK6JII]A=]KXK;<AY;"$J_&GB?W><^9UW#.+G<J+$5S(W:T<2HCW64S#;<D
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G]0:9;7^R;_W:/]'GRF/XG^.F!?Y1_#7I\_-?6CX:-'PT:/AHU__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g668804g81j47.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g668804g81j47.jpg
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M 0$! 0$!         0(#! 4&!P@)"@O_Q "U$0 " 0($! ,$!P4$!  ! G<
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>5BP4 GJ0.M%%26!12P8J"PZ$CD4ZBB@ HHHH __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g668804g98r10.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g668804g98r10.jpg
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M 0$! 0$!         0(#! 4&!P@)"@O_Q "U$0 " 0($! ,$!P4$!  ! G<
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61110 4444 %%%% !1110 4444 ?_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
