RELEASE
This Release is entered into as of
this 1st day of July, 2008, by and between Ralf Goettel
(hereinafter “Employee”) and Dana Limited.
(“Dana”).
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1. |
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Dana agrees to provide Employee with the award in accordance
with the terms provided for in the letter to Employee from Dana
dated July 1, 2008 (the “Letter”) after Employee
executes this Release and it becomes effective pursuant to its
terms as set forth below. |
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2. |
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Employee represents that Employee has not filed, and will not
file, any complaints, lawsuits, administrative complaints or
charges relating to Employee’s employment with Dana or any of
its subsidiaries or affiliates; provided, however, that nothing
contained in this Release shall prohibit Employee from bringing a
claim to challenge the validity of the Release herein. In
consideration of the award described in paragraph 1 above,
Employee, on Employee’s own behalf, and on behalf of
Employee’s heirs, successors and assigns, hereby release
Dana, all of its past and present subsidiaries and affiliates, and
all of its and their past and present directors, officers,
employees, employee retirement plans, employee welfare plans; and
all of its and their respective heirs, successors, and assigns from
any and all claims, charges, complaints, causes of action, demands,
and liabilities that Employee might otherwise have asserted arising
out of Employee’s employment with Dana or any of its
subsidiaries or affiliates, including but not limited to those
based on contracts, discrimination or the payment of wages or other
compensation paid as a result of that employment (including but not
limited to the payment of incentive compensation otherwise provided
pursuant to the EIC for 2008 in accordance with the 2007 Executive
Employment Agreement between the Em |
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