DELPHI 2011 Annual Report Download - page 211

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which shall be the number of full months between the Time-Based Vesting Date that immediately precedes such termination and the final Time-Based
Vesting Date. Any Time-Based RSU Shares that do not vest on the first Time-Based Vesting Date following such termination shall be forfeited without
any payment to the Participant.
(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.
(c) Continuity Incentive RSU Shares.
(i) Death; Disability; Termination Without Cause; Termination for Good Reason. If the Participant experiences a Termination of Service due to a
Qualifying Termination after the first anniversary of the Grant Date but prior to the final Time-Based Vesting Date, a pro rata portion of the Continuity
Incentive RSU Shares shall vest on the final Time-Based Vesting Date following such termination. Such pro rata portion shall equal (A) the number of
RSU Shares, multiplied by
A-2