DELPHI 2011 Annual Report Download - page 206

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Attachment D
Annual Incentive Plan Award
And Continuity Incentive Award
Terms and Conditions
1. Annual Incentive Plan Award. Each year you will participate in the Delphi LLC Annual Incentive Plan ("AIP") and receive a target award of $1,800,000
(or approximately 148% of your base salary), or such greater amount as the Committee may approve thereunder. The time, manner and actual amount of AIP
award payment shall be determined with accordance with the AIP.
2. Continuity Incentive Award. In addition, during each of 2012, 2013 and 2014 you will have the opportunity to receive a continuity incentive award equal to
$500,000. The continuity incentive award will be payable on January 15th following the close of such year, provided you remain employed by the Company
or its affiliates as of December 31 of such year.
3. Effect of Termination of Service. In the event of a Termination of Service prior to the end of a year, the determination of the amount, if any, of AIP award
and/or continuity incentive award with respect to such year shall be determined in accordance with the terms AIP.
D-1