Exhibit 10-G-1
AMENDMENTS TO FORD MOTOR COMPANY DEFERRED
COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS
--------------------------------------------
(Effective as of January 1, 1996)
The second sentence of Section III is hereby amended to read as
follows:
"Any such person (a 'director') who elects to participate in
the Plan or whose compensation is or was subject to a
mandatory deferral pursuant to Section XXII of the Plan is
hereinafter called a 'Participant'."
The following new Section XXII is hereby added to the Plan:
"XXII. Mandatory Deferrals.
Notwithstanding anything contained in the Plan to the
contrary, the Board in its sole discretion may mandatorily
defer payment under the Plan of all or a portion of
compensation that is otherwise deferrable by Participants
pursuant to Section IV of the Plan. Any such compensation
which is mandatorily deferred pursuant to this Section XXII
shall be credited to the Participant's Account in the form
of Stock Units and shall be entitled to dividend equivalents
pursuant to Section V of the Plan. The value of Stock
Units attributable to a mandatory deferral shall be payable
in cash in a lump sum or in up to ten annual instalments, as
elected by the Participant pursuant to Section VII of the
Plan, on, or commencing on, January 10 of the year following
the year in which the Participant's service as a director
terminates or as soon thereafter as practicable. In the
event of a mandatory deferral pursuant to this Section XXII,
any election of a Participant to voluntarily defer
compensation pursuant to Section IV of the Plan shall apply
only to compensation which is not subject to a mandatory
deferral pursuant to this Section XXII."
AMENDMENTS TO FORD MOTOR COMPANY DEFERRED
COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS
--------------------------------------------
(Effective as of January 1, 1996)
The second sentence of Section III is hereby amended to read as
follows:
"Any such person (a 'director') who elects to participate in
the Plan or whose compensation is or was subject to a
mandatory deferral pursuant to Section XXII of the Plan is
hereinafter called a 'Participant'."
The following new Section XXII is hereby added to the Plan:
"XXII. Mandatory Deferrals.
Notwithstanding anything contained in the Plan to the
contrary, the Board in its sole discretion may mandatorily
defer payment under the Plan of all or a portion of
compensation that is otherwise deferrable by Participants
pursuant to Section IV of the Plan. Any such compensation
which is mandatorily deferred pursuant to this Section XXII
shall be credited to the Participant's Account in the form
of Stock Units and shall be entitled to dividend equivalents
pursuant to Section V of the Plan. The value of Stock
Units attributable to a mandatory deferral shall be payable
in cash in a lump sum or in up to ten annual instalments, as
elected by the Participant pursuant to Section VII of the
Plan, on, or commencing on, January 10 of the year following
the year in which the Participant's service as a director
terminates or as soon thereafter as practicable. In the
event of a mandatory deferral pursuant to this Section XXII,
any election of a Participant to voluntarily defer
compensation pursuant to Section IV of the Plan shall apply
only to compensation which is not subject to a mandatory
deferral pursuant to this Section XXII."