Exhibit 10-T-1
AMENDMENTS TO FORD MOTOR COMPANY
DEFERRED COMPENSATION PLAN
--------------------------
The sixth and seventh sentences of paragraph (e) of Section 5 are
hereby amended, effective as of July 13, 1995, to read as
follows:
"Notwithstanding the foregoing, any Section 16 Person who
elects to defer any or part of his or her compensation under
the Plan based on Ford Stock Units may elect distribution of
that part of his or her Deferred Compensation which is based
on Ford Stock Units ("Ford Stock-Based Deferred Compensation")
only upon retirement. Any distribution schedule of a
participant who becomes a Section 16 Person subsequent
to having elected to defer any compensation under
the Plan based on Ford Stock Units shall automatically be
amended, as of the effective date of becoming a Section 16
Person, to provide for distribution of his or her Ford Stock-
Based Deferred Compensation upon retirement."
Paragraph (a) of Section 10 is hereby amended, effective as of
July 13, 1995, to read as follows:
"(a) General. Except as otherwise provided in paragraph
(b) of this Section 10 or in Section 12, or as otherwise
determined by the Committee, distribution of all or any part
of a participant's Deferred Compensation Account shall be
made on, or as soon thereafter as practicable, (i) March 15
of the year selected by the participant for distribution
with respect to the particular deferral if the participant
is an active employee of the Company on the distribution
date, (ii) the March 15 following death or termination for
reasons other than retirement, notwithstanding any prior
selection by the participant of a subsequent year for
distribution with respect to the particular deferral, (iii)
the March 15 following retirement if the participant
selected distribution upon retirement with respect to the
particular deferral and a lump sum distribution was
selected, or if the participant selected a particular year
for distribution with respect to the particular deferral but
retired prior to the year selected, or (iv) the March 15
following retirement with respect to the first annual
installment and continuing on the applicable number of
consecutive anniversaries of such date if ten annual
installments were selected by the participant with respect
to the particular deferral. Unless otherwise determined by
the Committee, a Deferred Compensation Account or part
thereof relating to a particular distribution shall be
valued, for purposes of distribution, as of the following
applicable date or as soon thereafter as practicable: March
15 of the year of distribution or the next preceding day for
which valuation information is available."
-2-
Paragraph (f) of Section 1 is hereby amended, effective as of
October 1, 1995, to read as follows:
"(f) The term "Deferred Compensation Committee" shall mean
the committee comprised of the Vice President - Human
Resources, the Group Vice President and Chief Financial
Officer and the Vice President - General Counsel or such
other persons as may be designated members of such Committee
by the Compensation and Option Committee."
AMENDMENTS TO FORD MOTOR COMPANY
DEFERRED COMPENSATION PLAN
--------------------------
The sixth and seventh sentences of paragraph (e) of Section 5 are
hereby amended, effective as of July 13, 1995, to read as
follows:
"Notwithstanding the foregoing, any Section 16 Person who
elects to defer any or part of his or her compensation under
the Plan based on Ford Stock Units may elect distribution of
that part of his or her Deferred Compensation which is based
on Ford Stock Units ("Ford Stock-Based Deferred Compensation")
only upon retirement. Any distribution schedule of a
participant who becomes a Section 16 Person subsequent
to having elected to defer any compensation under
the Plan based on Ford Stock Units shall automatically be
amended, as of the effective date of becoming a Section 16
Person, to provide for distribution of his or her Ford Stock-
Based Deferred Compensation upon retirement."
Paragraph (a) of Section 10 is hereby amended, effective as of
July 13, 1995, to read as follows:
"(a) General. Except as otherwise provided in paragraph
(b) of this Section 10 or in Section 12, or as otherwise
determined by the Committee, distribution of all or any part
of a participant's Deferred Compensation Account shall be
made on, or as soon thereafter as practicable, (i) March 15
of the year selected by the participant for distribution
with respect to the particular deferral if the participant
is an active employee of the Company on the distribution
date, (ii) the March 15 following death or termination for
reasons other than retirement, notwithstanding any prior
selection by the participant of a subsequent year for
distribution with respect to the particular deferral, (iii)
the March 15 following retirement if the participant
selected distribution upon retirement with respect to the
particular deferral and a lump sum distribution was
selected, or if the participant selected a particular year
for distribution with respect to the particular deferral but
retired prior to the year selected, or (iv) the March 15
following retirement with respect to the first annual
installment and continuing on the applicable number of
consecutive anniversaries of such date if ten annual
installments were selected by the participant with respect
to the particular deferral. Unless otherwise determined by
the Committee, a Deferred Compensation Account or part
thereof relating to a particular distribution shall be
valued, for purposes of distribution, as of the following
applicable date or as soon thereafter as practicable: March
15 of the year of distribution or the next preceding day for
which valuation information is available."
-2-
Paragraph (f) of Section 1 is hereby amended, effective as of
October 1, 1995, to read as follows:
"(f) The term "Deferred Compensation Committee" shall mean
the committee comprised of the Vice President - Human
Resources, the Group Vice President and Chief Financial
Officer and the Vice President - General Counsel or such
other persons as may be designated members of such Committee
by the Compensation and Option Committee."