DELPHI 2011 Annual Report Download - page 174
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(ii) Any Other Termination of Service. In the event of the Participant's Termination of Service (A) prior to the first Time-Based Vesting Date for
any reason, or (B) after the first Time-Based Vesting Date but prior to the final Time-Based Vesting Date for any reason other than a Qualifying
Termination, any unvested Time-Based RSU Shares shall be forfeited without any payment to the Participant.
(b) Performance-Based RSU Shares.
(i) Death; Disability; Termination Without Cause; Termination for Good Reason; Retirement. If the Participant experiences a Termination of
Service after the first anniversary of the Grant Date and prior to the Performance-Based Vesting Date due to a Qualifying Termination or due to the
Participant's voluntary termination following attainment of age 55 with at least ten years of service with the Company or its predecessors, the number of
Earned Performance-Based RSU Shares shall equal (A) the number of Earned Performance-Based RSU Shares determined in accordance with
Section 2(b) above, multiplied by (B) a fraction, the numerator of which shall be the number of full months between the Grant Date and the termination
date and the denominator of which shall be the number of full months between the Grant Date and the Performance-Based Vesting Date.
(ii) Any Other Termination of Service. In the event of the Participant's Termination of Service (A) prior to the first anniversary of the Grant Date
for any reason or (B) after the first anniversary of the Grant Date but prior to the Performance-Based Vesting Date for any reason other than as
described in clause (b)(i) above, the Participant shall forfeit the Performance-Based RSU Shares in full without any payment to the Participant.
Section 4. Change in Control.
(a) Conditional Vesting. Upon a Change in Control prior to the final Time-Based Vesting Date or the Performance-Based Vesting Date, except to the
extent that another Award meeting the requirements of Section 4(b) (a "Replacement Award") is provided to the Participant to replace this Award (the
"Replaced Award"):
(i) Any unvested Time-Based RSU Shares shall vest in full and be delivered to the Participant on the effective date of such Change in Control;
and
(ii) A number of Earned Performance-Based RSU Shares equal to the greater of (A) the number of Earned Performance-Based RSU
A-2