GMAC LLC
GMAC LLC SENIOR LEADERSHIP SEVERANCE PLAN PARTICIPATION AGREEMENT
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<TYPE>EX-10.33
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<DESCRIPTION>GMAC LLC SENIOR LEADERSHIP SEVERANCE PLAN PARTICIPATION AGREEMENT
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<TITLE>GMAC LLC Senior Leadership Severance Plan Participation Agreement</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="3"><B>Exhibit 10.33 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="3">Dear Robert: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3">You have been designated by GMAC LLC (&#147;GMAC&#148;) to become a participant in the GMAC LLC Senior Leadership Severance Plan
(the &#147;Plan&#148;). You will become a participant in the Plan by signing this letter agreement. If you do not sign this letter agreement, then you will not become a participant in the Plan. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3">If you become a participant in the Plan, your participation will be subject to and governed by the terms and conditions of the Plan, a copy of which is attached to this
letter agreement. Generally, under the Plan and in accordance with this Participation Agreement, if your employment is terminated by GMAC without Cause, or by you for Good Reason, your: </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="3">Severance Multiple (expressed as a percentage) will be 100%; </FONT></P></TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="3">&#149;</FONT></TD>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="3">CIC Severance Multiple (expressed as a percentage) will be 100%; </FONT></P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="3">Your Protection Period will begin three months immediately prior to a Change in Control and will end 12 month(s) immediately following such Change in Control.
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3">Please refer to the Plan for more specificity regarding your severance benefits and your post-termination obligations to GMAC.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3">You agree and accept all risks (including increased taxes and penalties) resulting from Code Section&nbsp;409A if the Plan is found to be subject to Code
Section&nbsp;409A. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3">As a participant in the Plan, you agree to abide by the terms and conditions of the Plan, specifically but not limited to the
obligations enumerated in Section V of the Plan. Please indicate your receipt of the Plan document, and your acceptance of and agreement to the terms and conditions of the Plan, by signing in the indicated space below and return to Rhonda Carey, 200
Renaissance Center, M/C: 482-B14-D64, Detroit, MI 48265. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="3">Sincerely yours,</FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="3">Anthony Marino</FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="3">Group VP and Chief HR Officer</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>I ACCEPT AND AGREE TO BECOME A PARTICIPANT IN, </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>AND WILL ABIDE BY THE TERMS AND CONDITIONS OF, </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>THE GMAC LLC SENIOR
LEADERSHIP SEVERANCE PLAN. </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><U>/s/ Robert S. Hull</U></FONT></TD>
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<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><U>September&nbsp;23, 2008</U></FONT></TD>
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<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3">Robert Hull</FONT></TD>
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<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3">Date</FONT></TD>
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