Attached files
file | filename |
---|---|
8-K - FORM 8-K - BORGWARNER INC | form8-k.htm |
EX-99.1 - CHANGE IN CONTROL - BORGWARNER INC | cic-amendment.htm |
EX-99.2 - AMENDED AND RESTATED 2004 SIP - BORGWARNER INC | amended2004-sip.htm |
Exhibit
99.3
|
First
Amendment
|
to
|
Restricted
Stock Agreements
|
Restricted
Stock Agreements granted by BorgWarner Inc. to employees on or after February 6,
2008 under the BorgWarner Inc. Amended and Restated 2004 Stock Incentive Plan
are hereby amended as follows:
Section
12. Withholding of
Taxes. No later than the date as of which an amount first becomes
includible in the Employee’s gross income for Federal income tax purposes, the
Employee shall pay to the Company or make arrangements satisfactory to the
Company regarding the payment of, any Federal, state, local or foreign taxes of
any kind required by law to be withheld, provided however,
that in the case of an officer subject to Section 16(b) of the Exchange Act, the
Company shall satisfy any applicable Federal, state, local or foreign
withholding obligations by retaining Stock that is part of the Award in an
amount sufficient to satisfy such withholding obligations, as determined by the
Company.