DURA AUTOMOTIVE SYSTEMS, INC.
2006 KEY MANAGEMENT INCENTIVE PLAN
NOTICE OF AWARD
[Name]
Rochester Hills, MI
You have been granted an Award, subject to the terms and conditions of the Plan and the attached Award Agreement, as follows:
Maximum Award: [___%] of your [base salary] OR
[base salary plus target bonus]
Date of Award: August 21, 2006
Statement of
Performance Goal: Achievement by the Company of measurable
progress toward achievement of interim goals
and objectives under the Company's (a)
"50-cubed" operational restructuring plan
and (b) the "510 indirect reduction" plan,
as determined by the Compensation Committee
of the Board of Directors (the "Committee").
The Committee may determine whether
measurable progress has been made in its
sole discretion, based on such objective
criteria as it may consider from time to
time, including but not limited to,
satisfaction of milestones set forth in the
foregoing plans.
Performance Period: August 21, 2006 through December 31, 2007
Payment: The Award will be paid to you in cash, in
whole or in part, at such time or times as
determined by the Committee in its sole
discretion during the Performance Period.
Payments, if any, will not be made at fixed
intervals, or solely at the end of the
Performance Period, but at such time or
times (no more frequently than monthly) as
the Committee determines, in its sole
discretion, that measurable progress has
been made toward satisfaction of the
Performance Goals. Payments during the
Performance Period shall never be greater
than the maximum Award described above.
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DURA AUTOMOTIVE SYSTEMS, INC.
2006 KEY MANAGEMENT INCENTIVE PLAN
AWARD AGREEMENT
(AS OF AUGUST 21, 2006)
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