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Exhibit 10(q)
FORM OF WAIVER OF SENIOR
EMPLOYEES TO LENDER
In consideration for the benefits I
will receive as a result of the participation of General Motors
Corporation (together with its subsidiaries and affiliates, the
“ Company ”) in the United States
Department of the Treasury’s Program for Systemically
Significant Failing Institutions (as set forth in Notice
2008-PSSFI) and any other economic stabilization program
implemented by the Department of the Treasury under the Emergency
Economic Stabilization Act of 2008 (the “ EESA
”) either prior to or subsequent to the date of this letter
from me (any such program, including the Program for Systemically
Significant Failing Institutions, an “ EESA
Program ”), I hereby voluntarily waive any claim
against the United States or my employer for any failure to pay or
accrue any bonus or incentive compensation as a result of
compliance with the regulations issued by the Department of the
Treasury in connection with an EESA Program, including without
limitation the guidelin
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