GENERAL MOTORS CORP
GENERAL MOTORS EXECUTIVE RETIREMENT PLAN, AS AMENDED
<DOCUMENT>
<TYPE>EX-10.(U)
<SEQUENCE>11
<FILENAME>k23797exv10wxuy.htm
<DESCRIPTION>GENERAL MOTORS EXECUTIVE RETIREMENT PLAN, AS AMENDED
<TEXT>
<HTML>
<HEAD>
<TITLE>exv10wxuy</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT
10(U)</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="k23797k2379701.gif" alt="(GENERAL MOTORS LOGO)">
</DIV>


<DIV align="Center" style="font-size: 14pt; margin-top: 6pt"><B>GENERAL MOTORS CORPORATION</B>

</DIV>

<DIV align="Center" style="font-size: 12pt; margin-top: 6pt"><B>General Motors<BR>
Executive Retirement Plan</B>

</DIV>

<DIV align="Center" style="font-size: 12pt; margin-top: 6pt"><B>Effective for Retirements on and after<BR>
January&nbsp;1, 2007</B>

</DIV>

<DIV align="Center" style="font-size: 12pt; margin-top: 6pt"><B>(Effective January&nbsp;1, 2008)</B>

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Executive Retirement Plan (ERP)&nbsp;is an unfunded, nonqualified deferred compensation plan. The
Plan is structured to qualify for certain exemptions from the eligibility, funding and other
requirements of the Employee Retirement Income Security Act of 1974 (ERISA)&nbsp;and, further, ERP
benefits are computed without regard to compensation limits imposed under the Internal Revenue
Code.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;I. </B><U><B>Purpose; Administration; and Effective Date</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;I, Section&nbsp;I. </B><U><B>Purpose of the Plan</B></U>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The purpose of the General Motors Executive Retirement Plan (the Plan) is to help provide eligible
retiring salaried executive employees of General Motors Corporation (hereinafter referred to as the
&#147;Corporation&#148;) as well as eligible retiring executive employees of General Motors Acceptance
Corporation (GMAC)&nbsp;and General Motors Asset Management (GMAM)&nbsp;an overall level of monthly
retirement benefits, or lump sum distributions of account balances, which are competitive with the
benefits provided executives retiring from other major U.S. industrial companies. To achieve this
goal, the monthly retirement benefits determined under the tax-qualified General Motors Retirement
Program for Salaried Employees (hereinafter referred to as the &#147;Retirement Program&#148;), or account
balances determined under the tax-qualified Savings-Stock Purchase Program (hereinafter referred to
as the &#147;S-SPP&#148;) plus any benefits payable under certain other GM-provided benefit programs, may be
supplemented by benefits provided under the formulas of this Plan. It is intended that this Plan,
in relevant part, qualify as an &#147;excess benefit plan&#148; under Section&nbsp;3(36) of ERISA and, in relevant
part, as a plan &#147;providing deferred compensation for a select group of management or highly
compensated employees&#148; under Section&nbsp;201(2) of ERISA.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;I, Section&nbsp;II. </B><U><B>Administration of the Plan</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Plan shall at all times be maintained, considered, and administered as a
non-qualified plan that is wholly separate and distinct from the Retirement Program and
the S-SPP.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Benefits under this Plan are not guaranteed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Corporation is the Plan Administrator. The Plan Administrator has
discretionary authority to construe, interpret, apply, and administer the Plan and serves
as the first step of the Plan appeal process. Any and all decisions of the Plan
Administrator as to interpretation or application of this Plan shall be given full force
and effect unless it is proven that the interpretation or determination was arbitrary and
capricious.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan Administrator shall have the full power to engage and employ such legal,
actuarial, auditing, tax, and other such agents, as it shall, in its sole discretion,
deem to be in the best interest of the Corporation, the Plan, and its participants and
beneficiaries.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The expenses of administering this Plan are borne by the Corporation and are not
charged against its participants and beneficiaries.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Various aspects of Plan administration have been delegated to the Plan recordkeeper
selected by the Plan Administrator. In carrying out its delegated responsibilities, the
Plan recordkeeper shall have discretionary authority to construe, interpret, apply, and
administer the Plan provisions. The discretionary authority delegated to the Plan
recordkeeper shall, however, be limited to the Plan terms relevant to its delegated
responsibilities and shall not permit the Plan recordkeeper to render a determination or
to make any representation concerning benefits which are not provided by the express
terms of the Plan. The Plan recordkeeper&#146;s actions shall be given full force and effect
unless determined by the Plan Administrator to be contrary to the Plan provisions or
arbitrary and capricious.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of the Plan, a Plan Year shall mean the 12-month period beginning
January 1 and ending December&nbsp;31.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;I, Section&nbsp;III. </B><U><B>Effective Date</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation established the Supplemental Executive Retirement Program (&#147;SERP&#148;) under Article&nbsp;II
of this Plan effective December&nbsp;1, 1985. The Plan has been amended from time to time. Effective
January&nbsp;1, 2007, the name of the Plan was changed from the SERP to the &#147;Executive Retirement Plan
(ERP)&#148;. The terms and conditions of the ERP are set forth in Article&nbsp;II. ERP benefits for service
through December&nbsp;31, 2006 were frozen as described in Article&nbsp;II, Section&nbsp;II and Section&nbsp;III and
new benefit formulas for service on and after January&nbsp;1, 2007 were adopted, as described in Article
II, Section&nbsp;IV and Section&nbsp;V. In addition, effective January&nbsp;1, 2007, the Benefit Equalization Plan
(BEP)&nbsp;was merged into this Plan, the terms and conditions of which are set forth in Article&nbsp;III.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;I, Section&nbsp;IV. </B><U><B>Individuals Not Eligible; Suspensions; and Normal Retirement Age</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The following classes of individuals are ineligible to participate in the Plan
regardless of any other Plan terms to the contrary, and regardless of whether the
individual is a common-law employee of the Corporation:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any individual who provides services to the Corporation where
there is an agreement with a separate company under which the services are
provided. Such individuals are commonly referred to by the Corporation as
&#147;contract employees&#148; or &#147;bundled-services employees;&#148;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any individual who has signed an independent contractor
agreement, consulting agreement, or other similar personal services contract
with the Corporation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any individual that the Corporation, in good faith, classifies as
an independent contractor, consultant, contract employee, or bundled-services
employee during the period the individual is so classified by the Corporation.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%"><B><I>The purpose of Section&nbsp;IV (a)&nbsp;is to exclude from participation in the Plan all
persons who actually may be common-law employees of the Corporation, but are not paid
as though they are employees of the Corporation regardless of the reason they are
excluded from the payroll, and regardless of whether the exclusion is correct.</I></B>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of this Section&nbsp;IV, vested benefits will be
suspended or forfeited if an executive employee or retired executive employee engages in
activity that is competitive with the Corporation and/or otherwise acts in a manner
inimical or contrary to the best interests of the Corporation or if an executive or a
retired executive does not respond to the Corporation&#146;s request for information relating
to this paragraph.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Normal Retirement Age (NRA)&nbsp;is 65.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II. </B><U><B>Executive Retirement Plan</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;II, Section&nbsp;I. </B><U><B>Eligibility and Vesting</B></U>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Date of vesting is the first date the employee satisfies the requirements set forth
in Section&nbsp;I (b), (c)&nbsp;and (d), respectively.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To be eligible for a vested benefit under Section&nbsp;II or III of this Article,
payable upon separation from service, an executive employee must meet the following
requirements:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Be a Regular Active or Flexible Service U.S. executive employee
or U.S. International Service Personnel executive employee as of December&nbsp;31,
2006 (appointments on or after January&nbsp;1, 2007 are ineligible for benefits under
Section&nbsp;II or III); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As of the date of vesting be a Regular Active or Flexible
Service U.S. executive employee or U.S. International Service Personnel
executive employee; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As of the date of vesting have at least 10&nbsp;years of combined Part
B Retirement Program credited service, Part&nbsp;C Retirement Program credited
service and credited service as determined under the Retirement Program accrued
on and after January&nbsp;1, 2007; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As of the date of vesting be at least 55&nbsp;years old.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To be eligible for a vested benefit under Section&nbsp;IV of this Article, payable upon
separation from service, an employee must meet the following requirements:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Be a Regular Active or Flexible Service U.S. executive employee
or U.S. International Service Personnel executive employee on or after January
1, 2007 with a length of service date prior to January&nbsp;1, 2001; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As of the date of vesting be a Regular Active or Flexible Service
U.S. executive employee or U.S. International Service Personnel executive
employee; and</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;I. (c) (3)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As of the date of vesting have at least 10&nbsp;years of combined Part
B Retirement Program credited service and credited service as determined under
the Retirement Program accrued on and after January&nbsp;1, 2007; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As of the date of vesting be at least 55&nbsp;years old.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To be eligible for a vested benefit under Section&nbsp;V of this Article, payable upon
separation from service, an employee must meet the following requirements:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Be a Regular Active or Flexible Service U.S. executive employee
or U.S. International Service Personnel executive employee on or after January
1, 2007 with a length of service date on or after January&nbsp;1, 2001; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As of the date of vesting be a Regular Active or Flexible Service
U.S. executive employee or U.S. International Service Personnel executive
employee; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As of the date of vesting have at least 10&nbsp;years of combined Part
C Retirement Program credited service and S-SPP credited service accrued on and
after January&nbsp;1, 2007; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As of the date of vesting be at least 55&nbsp;years old.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eligible executives will be vested in any frozen SERP and/or ERP benefits under
this Article&nbsp;II upon their attainment of age 55 with a minimum of 10&nbsp;years&#146; credited
service where credited service is defined as:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A combination of Part&nbsp;B credited service (as defined in the
Retirement Program) plus credited service in the Retirement Program on and after
January&nbsp;1, 2007, or a combination of Part&nbsp;C credited service (as defined in the
Retirement Program) plus S-SPP credited service for service on and after January
1, 2007.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>General Motors Asset Management executives who on or after August&nbsp;4, 2003 are
transferred to GMAM or hired or promoted into executive status may be eligible for
benefits under Section&nbsp;II, IV or V if they meet all eligibility
requirements, but are not eligible for benefits under the frozen Alternative SERP
formula described in Section&nbsp;III.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px"><B>Article&nbsp;II, Section&nbsp;II.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U><B>Calculation of Regular Formula SERP Benefits for Credited Service
Accrued Prior to January&nbsp;1, 2007</B></U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Regular Formula SERP benefits determined under this Section&nbsp;II as in effect prior
to January&nbsp;1, 2007, shall be frozen as of December&nbsp;31, 2006. The amount of the frozen
Regular Formula SERP benefits shall be calculated using the following factors:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Part&nbsp;B or Part&nbsp;C Retirement Program credited service accrued as
of December&nbsp;31, 2006.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Average monthly base salary for the highest 60 of the 120&nbsp;months
immediately preceding January&nbsp;1, 2007, as described in Article&nbsp;II, Section&nbsp;II
(f).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The sum of all frozen accrued monthly benefits determined under
the Retirement Program as of December&nbsp;31, 2006, prior to reduction for the cost
of any survivor coverage.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Two percent (2%) of the maximum monthly Primary Social Security
benefit payable in 2007 (regardless of actual receipt) multiplied by the
executive&#146;s years of Part&nbsp;A or Part&nbsp;C credited service, determined as of
December&nbsp;31, 2006, under the Retirement Program.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Regular Formula SERP benefits under this Article&nbsp;II, Section&nbsp;II shall be determined
for all executive employees on the active rolls as of December&nbsp;31, 2006. Those appointed
to executive positions on or after January&nbsp;1, 2007 are ineligible for SERP benefits under
this Section.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Executives must meet the eligibility and vesting requirements as set forth in
Article&nbsp;II, Section&nbsp;I to be eligible for SERP benefits under this Article&nbsp;II, Section
II.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;II. (d)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The frozen monthly benefit determined under this Article&nbsp;II, Section&nbsp;II shall be an
amount equal to two percent (2%) of average monthly base salary for the highest 60 of the
120&nbsp;months immediately preceding January&nbsp;1, 2007 (as described in Article&nbsp;II, Section&nbsp;II
(f)&nbsp;below), multiplied by the years of credited service, determined as of December&nbsp;31,
2006, used to determine the frozen Part&nbsp;B Supplementary benefit or the frozen benefit
under the Account Balance Plan feature under Part&nbsp;C under the Retirement Program
(hereinafter referred to as the &#147;ABP&#148;), less the sum of (1)&nbsp;all frozen accrued monthly
benefits determined under the Retirement Program, prior to reduction for the cost of any
survivor coverage, and BEP (if any), including the annuitized value of the frozen accrued
ABP benefit (as described in Article&nbsp;II, Section&nbsp;II (g)&nbsp;below), (2)&nbsp;two percent (2%) of
the monthly maximum Primary Social Security benefit payable in 2007 (regardless of actual
receipt) multiplied by the executive&#146;s years of Part&nbsp;A or Part&nbsp;C credited service,
determined as of December&nbsp;31, 2006, under the Retirement Program, and (3)&nbsp;any benefits
payable under certain other GM-provided benefit programs, such as Extended Disability
Benefits.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The &#147;Special Benefit&#148; provided under the GM Health Care Program is not taken into
account in determining the amount of any monthly SERP benefit payable under this Article
II, Section&nbsp;II.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of this Article&nbsp;II, Section&nbsp;II, average monthly base salary means the
monthly average of base salary for the highest 60 of the 120&nbsp;months immediately preceding
January&nbsp;1, 2007. For executives with less than 60&nbsp;months of base salary history prior to
January&nbsp;1, 2007, the executive&#146;s starting monthly base salary will be imputed for the
number of months less than 60.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of determining the SERP benefits under this Article&nbsp;II, Section&nbsp;II for
executives with a length of service date on and after January&nbsp;1, 2001 who participate in
the ABP, the frozen ABP amount accrued as of December&nbsp;31, 2006 shall be converted to an
annuity for the purpose of offsetting this amount from the target SERP using the
following methodology:</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;II. (g) (1)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>First, credit the December&nbsp;31, 2006 ABP account balance with
interest credits until Normal Retirement Age (age 65) using the ABP crediting
rate in effect as of December&nbsp;31, 2006 to calculate a projected lump sum value
at NRA.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Second, convert the amount determined under (1)&nbsp;above to an
annuity using the Retirement Program mortality table and the same ABP crediting
rate used in Article&nbsp;II, Section&nbsp;II (g) (1)&nbsp;above as the discount rate.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="14%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Both the mortality table and the
crediting rate will be those that were in effect under the
Retirement Program as of December&nbsp;31, 2006.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Third, offset target frozen SERP with the annuitized amount
determined under (2)&nbsp;above.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of calculating the SERP benefits under this Article&nbsp;II, Section&nbsp;II,
the SERP benefit amounts will not be increased due to any election regarding commencement
of Retirement Program benefits on a reduced for early receipt basis.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The monthly Social Security offset amount used in paragraph (d)&nbsp;of this Section
shall be based upon the maximum 2007&nbsp;monthly Primary Social Security benefit, regardless
of the executive&#146;s age as of January&nbsp;1, 2007 or availability to him/her of a U. S. Social
Security benefit. This Social Security offset amount shall not be changed for any
subsequent Social Security increase.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any post-retirement increase under the Retirement Program does not reduce any
monthly benefit payable under this Plan. For purposes of this subsection, adjustments to
the IRC Section&nbsp;415 limits are not considered post-retirement increases.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px"><B>Article&nbsp;II, Section&nbsp;III.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U><B>Calculation of Alternative Formula SERP Benefits for Credited
Service Accrued Prior to January&nbsp;1, 2007</B></U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Alternative Formula SERP benefits determined under this Article&nbsp;II, Section&nbsp;III
as in effect prior to January&nbsp;1, 2007, shall be frozen as of December&nbsp;31, 2006. The
amount of the frozen benefits shall be calculated using the following factors:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Part&nbsp;B or Part&nbsp;C Retirement Program credited service accrued as
of December&nbsp;31, 2006 (maximum 35&nbsp;years).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Average total direct compensation is the total of:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="14%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Average monthly base salary for the
highest 60 of the 120&nbsp;months immediately preceding January&nbsp;1, 2007,
as described in Article&nbsp;II, Section&nbsp;III (g)&nbsp;below, plus</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="14%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Average monthly incentive compensation
determined by dividing the total of the highest five of the ten
years of annual incentive awards received for the period 1997
through 2006, as described in Article&nbsp;II, Section&nbsp;III (h)&nbsp;below, by
60.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The sum of all frozen accrued monthly benefits determined under
the Retirement Program as of December&nbsp;31, 2006, prior to reduction for the cost
of any survivor coverage.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>One hundred percent (100%) of the maximum monthly Primary Social
Security benefit payable in 2007 (regardless of actual receipt).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Alternative Formula SERP benefits under this Article&nbsp;II, Section&nbsp;IIl shall be
determined for all executive employees on the active rolls as of December&nbsp;31, 2006.
Those appointed to executive positions on or after January&nbsp;1, 2007 are ineligible for
frozen Alternative Formula SERP benefits.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Executives must meet the eligibility and vesting requirements as set forth in
Article&nbsp;II, Section&nbsp;I to be eligible for SERP benefits under this Article&nbsp;II, Section
III.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;III. (d)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The frozen monthly benefit determined under this Article&nbsp;II, Section&nbsp;IIl for an
eligible retiring executive shall be the greater of the monthly benefit, if any,
determined under either (1)&nbsp;the formula set forth in this Article&nbsp;II Section&nbsp;IIl or (2)
the formula described in Article&nbsp;II, Section&nbsp;II.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The frozen monthly benefit determined under this Article&nbsp;II, Section&nbsp;III will equal
1.5% of average total direct compensation (monthly base salary plus average monthly
annual incentive compensation, as defined in Article&nbsp;II, Section&nbsp;III (g)&nbsp;and Article&nbsp;II,
Section&nbsp;III (h)&nbsp;below), multiplied by the executive&#146;s years of credited service (35-year
maximum), determined as of December&nbsp;31, 2006, used to determine the frozen Part&nbsp;B
Supplementary benefits or the frozen ABP benefits, less the sum of (1)&nbsp;all frozen
accrued monthly benefits determined under the Retirement Program, prior to reduction for
the cost of any survivor coverage, and BEP (if any), including the annuitized value of
any frozen accrued ABP benefit, (as described in Article&nbsp;II, Section&nbsp;III (i)&nbsp;below), (2)
100% of the maximum monthly Primary Social Security benefit payable in 2007 (regardless
of executive&#146;s age in January&nbsp;2007 or availability to him/her of a U.S. Social Security
benefit), and (3)&nbsp;any benefits payable under certain other GM-provided programs, such as
Extended Disability.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The &#147;Special Benefit&#148; provided under the GM Health Care Program is not taken into
account in determining the amount of any monthly benefits payable under this Article&nbsp;II,
Section&nbsp;III.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of this Article&nbsp;II, Section&nbsp;III, average monthly base salary means the
monthly average of base salary for the highest 60 of the 120&nbsp;months immediately preceding
January&nbsp;1, 2007. For executives with less than 60&nbsp;months of base salary history prior to
January&nbsp;1, 2007, the executive&#146;s starting monthly base salary will be imputed for the
number of months less than 60.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;III. (h)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of this Article&nbsp;II, Section&nbsp;III, average monthly incentive
compensation means an amount determined by dividing the total of the highest five of the
ten years of annual incentive awards received for the period 1997 through 2006, by 60.
For executives with less than five years of service as of December&nbsp;31, 2006 or those
appointed to executive status within the last five years, the average of annual incentive
compensation awards paid for service through December&nbsp;31, 2006 divided by the number of
years since date of hire or date of appointment to December&nbsp;31, 2006 shall be imputed for
the number of years less than five. Each annual incentive award amount is the final
award amount related to the performance period year for which it was awarded. Moreover,
neither Stock Performance Program awards, Stock Incentive Plan grants, Cash-Based
Restricted Stock Unit awards nor any other form of incentive payment, are eligible for
inclusion in determining a benefit under this Article&nbsp;II, Section&nbsp;III. Non-consecutive
years within the 1997 through 2006 period may be used for determining the blended amount
of average monthly (1)&nbsp;base salary, and (2)&nbsp;incentive compensation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of calculating the benefits under this Article&nbsp;II, Section&nbsp;III for
executives with a length of service date on and after January&nbsp;1, 2001 who participate in
the ABP, the frozen ABP account balance accrued as of December&nbsp;31, 2006 shall be
converted to an annuity for the purpose of offsetting this amount from the frozen target
Alternative Formula SERP using the following methodology:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>First, credit the December&nbsp;31, 2006 ABP account balance with
interest credits until Normal Retirement Age (age 65) using the ABP crediting
rate in effect as of December&nbsp;31, 2006 to calculate a projected lump sum value
at NRA.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;III. (i) (2)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Second, convert the amount determined under (1)&nbsp;above to an
annuity using the Retirement Program mortality table and the same ABP crediting
rate used in Article&nbsp;II, Section&nbsp;II (g) (1)&nbsp;as the discount rate.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="14%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Both the mortality table and the crediting
rate will be those that were in effect under the Retirement Program
as of December&nbsp;31, 2006.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Third, offset frozen target Alternative Formula SERP with the
amount determined under (2)&nbsp;above.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of calculating the SERP benefits under this Article&nbsp;II, Section&nbsp;III,
the SERP benefit amounts will not be increased due to any election regarding commencement
of Retirement Program benefits on a reduced for early receipt basis.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The monthly Social Security offset amount used in paragraph (e)&nbsp;of this Section
shall be based upon the maximum 2007 Primary Social Security benefit, regardless of the
executive&#146;s age as of January&nbsp;1, 2007 or availability to him/her of a U. S. Social
Security benefit. This Social Security offset amount shall not be changed for any
subsequent Social Security increase.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any post-retirement increase under the Retirement Program does not reduce any
monthly frozen Alternative Formula benefit that may become payable. For purposes of this
subsection, adjustments to the IRC Section&nbsp;415 limits are not considered post-retirement
increases.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>General Motors Asset Management executives who on or after August&nbsp;4, 2003 are
transferred to GMAM or hired or promoted into executive status are ineligible for
benefits under this Article&nbsp;II, Section&nbsp;III.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px"><B>Article&nbsp;II, Section&nbsp;IV.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U><B>Calculation of 1.25% Career Average Pay Benefits for Credited
Service Accrued on and after January&nbsp;1, 2007 for Executives
With a Length of Service date Prior to January&nbsp;1, 2001</B></U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Effective for service on and after January&nbsp;1, 2007, ERP benefits under this Article
II, Section&nbsp;IV for Regular Active or Flexible Service U.S. executives, or U. S.
International Service Personnel executives, with a length of service date prior to
January&nbsp;1, 2001 will be calculated using a 1.25% Career Average Pay formula as set forth
in this Article&nbsp;II, Section&nbsp;IV.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To be eligible for a 1.25% Career Average Pay ERP Benefit, an executive employee
must:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Be a Regular Active or Flexible Service U.S. executive, or U.S.
International Service Personnel executive, on and after January&nbsp;1, 2007 with a
length of service date prior to January&nbsp;1, 2001; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Be at work for GM or GMAM on or after January&nbsp;1, 2007; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Meet the eligibility and vesting requirements as set forth in
Article&nbsp;II, Section&nbsp;I.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eligible executives will accrue benefits under this Article&nbsp;II, Section&nbsp;IV with
respect to actual base salary and Annual Incentive Plan final awards received while an
executive for service on and after January&nbsp;1, 2007 equal to 1.25% of the total of base
salary plus Annual Incentive Plan final awards received in excess of the compensation
limit under IRC 401(a)(17) in effect for the Retirement Program. As benefits are
specified on a career average pay basis, subsequent base salary increases will not impact
the value of previously accrued benefits.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annual Incentive Plan final awards are defined as those paid with
respect to annual incentive compensation performance periods commencing on and
after January&nbsp;1, 2007.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pro-rata annual incentive awards attributable to the year of
retirement will not be used in the calculation of benefits under this Section.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;IV. (c) (3)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>General Motors Asset Management executives who on or after August
4, 2003 are transferred to GMAM or hired or promoted into executive status are
ineligible for 1.25% Career Average Pay ERP benefits calculated with respect to
annual incentive compensation.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px"><B>Article&nbsp;II, Section&nbsp;V.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U><B>Calculation of 4% Defined Contribution Benefits for Credited
Service Accrued on and after January&nbsp;1, 2007</B></U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Effective for service on and after January&nbsp;1, 2007, ERP benefits under this Article
II, Section&nbsp;V for Regular Active or Flexible Service U.S. executives, or U.S.
International Service Personnel executives, with a length of service date on and after
January&nbsp;1, 2001 will be accumulated using a 4% defined contribution formula.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To be eligible for the 4% defined contribution benefits under this Section , an
executive employee must:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Be a Regular Active or Flexible Service U.S. executive, or U.S.
International Service Personnel executive, with a length of service date on or
after January&nbsp;1, 2001; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Be at work for GM or GMAM on or after January&nbsp;1, 2007; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Meet the eligibility and vesting requirements as set forth in
Article&nbsp;II, Section&nbsp;I.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eligible executives with a length of service date on and after January&nbsp;1, 2001 will
accrue benefits under this Article&nbsp;II, Section&nbsp;V with respect to actual base salary and
Annual Incentive Plan final awards received while an executive for service on and after
January&nbsp;1, 2007 equal to 4% of the total of base salary plus Annual Incentive Plan final
awards received in excess of the annual compensation limit under IRC 401(a)(17) in effect
for the S-SPP. Once the total of base salary and eligible Annual Incentive Plan final
awards received in any Plan Year exceed the compensation limit under IRC 401(a)(17) in
effect for the S-SPP for that year, notional contributions shall be allocated each pay
period into an unfunded defined contribution account maintained for each eligible
executive on a book reserve basis.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annual Incentive Plan final awards are defined as those paid with
respect to annual incentive compensation performance periods commencing on and
after January&nbsp;1, 2007.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->17<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;V. (c) (2)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pro-rata annual incentive awards attributable to the year of
retirement will not be used in the calculation of benefits under this Section.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>General Motors Asset Management executives who on or after August
4, 2003 are transferred to GMAM or hired or promoted into executive status are
ineligible for the 4% benefits calculated with respect to annual incentive
compensation.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The individual amounts for each eligible executive shall be an unfunded, notional
defined contribution account that will be credited with earnings based on investment
options as selected by the executive from the list below:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>GM $1-2/3 Par Value Common Stock</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Promark Income Fund</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pyramis Strategic Balanced Commingled Pool</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Promark Large Cap Index Fund</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fidelity Emerging Market Fund</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(6)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fidelity Contrafund</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(7)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fidelity Diversified International</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">Until such time as the executive makes an eligible investment choice, the executive&#146;s
account will be credited with earnings based on the Pyramis Strategic Balanced
Commingled Pool. In the event any of the listed funds are discontinued, absent an
election by the executive (if any), the notional amounts in such funds will be
transferred to other funds designated by the Plan Administrator.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->18<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px"><B>Article&nbsp;II, Section&nbsp;VI.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U><B>Payment of Benefits</B></U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Payment of benefits determined pursuant to Article&nbsp;II, Section&nbsp;II, III, IV or V of
this Plan, are payable in accordance with the provisions of Article&nbsp;II, Section&nbsp;VI (c)
below effective the first day of the month following the employee&#146;s separation from
service.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event of disability, as defined under IRC Section&nbsp;409A,
payment of benefits will commence from the first day of the month following
twelve months of a Corporation approved disability leave of absence.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Payment of benefits will commence not later than 90&nbsp;days
following separation from service or termination of disability leave of absence.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The payment of benefits under this Plan shall be reduced, in an amount up to $5,000
per year, as repayment of amounts that a Participant owes the Corporation or any
subsidiary, for any reason, including but not limited to benefit overpayments, wage
overpayments, and amounts due under all incentive compensation plans. The Participant
will be relieved of liability in the amount of the reduction following the payment to the
Corporation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Prior to payment, all vested Plan benefits, including any frozen SERP benefits, if
applicable, will be converted to a five year monthly annuity form of payment.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For retirements or death in service at or after age 60, the
monthly value of benefits under the Plan shall be unreduced for early age
receipt.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For retirements commencing at age 55 to age 59 and 11&nbsp;months, or
death in service at or after age 55 and prior to age 60, the monthly value of
any Plan benefits determined under Article&nbsp;II, Section&nbsp;IV, and any frozen SERP
benefits determined under Article&nbsp;II, Section&nbsp;II or III for executives with a
length of service date prior to January&nbsp;1, 2001, shall be reduced for early age
receipt prior to conversion to a five year monthly annuity form of payment. The
defined contribution individual account plan benefits under Article&nbsp;II, Section
V for executives with a length of service date on or after January&nbsp;1, 2001 will
be converted to a five year monthly annuity form of payment without applying an
early age reduction.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->19<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;VI. (c) (3)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event of disability as defined in Article&nbsp;II, Section&nbsp;VI
(a) (1)&nbsp;above, the monthly value of benefits under Article&nbsp;II of this Plan shall
be unreduced for early age receipt and converted to a five year monthly annuity
using the following methodology:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>First, offset the lifetime monthly
annuity value of benefits under this Article&nbsp;II by the amount of any
Extended Disability Benefits (EDB)&nbsp;payable to age 65 to determine
the amount of monthly ERP and frozen SERP payable to age 65, if any.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="14%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For this purpose, the
conversion of any Article&nbsp;II, Section&nbsp;V ERP to a lifetime
monthly annuity will use the Retirement Program discount rate
in effect at the date of total and permanent disability
retirement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Second, convert the monthly value of
benefits determined in Article&nbsp;II, Section&nbsp;VI (c) (3)&nbsp;a) above to a
five year monthly annuity using age at effective date of total and
permanent disability retirement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Third, convert the lifetime monthly
annuity value of benefits under this Article&nbsp;II payable from age 65
to a five year annuity using age 65 as the effective date of
payment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fourth, add the five year annuity values
calculated in Article&nbsp;II, Section&nbsp;VI (c) (3) (b)&nbsp;plus Article&nbsp;II,
Section&nbsp;VI (c) (3) (c)&nbsp;above to determine the total amount of the
five year annuity payment.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Early receipt reduction factors will be identical to those used
under the terms of the Retirement Program.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->20<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;VI. (c) (5)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The conversion of the monthly value of any benefits determined
under Article&nbsp;II, Section&nbsp;II, III and IV (after applying any reduction for early
age receipt) to a five year annuity form of payment, shall be made using the
same discount rate and mortality tables applicable under the Retirement Program
at date of separation from service. The defined contribution benefits under
Article&nbsp;II, Section&nbsp;V for executives with a length of service date on or after
January&nbsp;1, 2001, will not use a mortality table for the conversion to a five
year annuity form of payment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(6)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should the executive die during the five year annuity payment
period, the remaining five year annuity payments will be converted to a one-time
lump sum and paid to a beneficiary named at date of retirement. If the
executive is married at date of retirement spousal consent will be required to
name a beneficiary other than the spouse. If the primary beneficiary has
predeceased the executive, any contingent beneficiaries designated for the
executive&#146;s Basic Group Life Insurance will receive the lump sum payment. If
more than one person is named as the eligible beneficiary for the executive&#146;s
Basic Group Life Insurance at date of death, the lump sum will be paid at the
percentages designated for their respective interests as eligible beneficiaries
of the executive&#146;s Basic Group Life Insurance. If their respective interests
are not specified, their interests shall be several and equal. If a non-living
entity such as a trust is named as beneficiary, or the executive should have no
living beneficiary, any remaining five year annuity payments will be converted
to a one-time lump sum for final payment.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->21<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;VI. (c) (7)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(7)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should an executive who is vested pursuant to the provisions of
Article&nbsp;II, Section&nbsp;I die during active service with General Motors, any five
year annuity benefits payable under Article&nbsp;II, Section&nbsp;VI (c) (1)&nbsp;and Article
II, Section&nbsp;VI (c) (2)&nbsp;will be converted to a one-time lump sum and paid to the
executive&#146;s surviving spouse. If the executive is not married at date of death,
the person designated as primary beneficiary for the executive&#146;s Basic Life
Insurance will receive the lump sum payment. If the primary beneficiary has
predeceased the executive any contingent beneficiaries designated for the
executive&#146;s Basic Group Life insurance will receive the lump sum payment. If
more than one person is named as the eligible beneficiary for the executive&#146;s
Basic Group Life insurance at date of death, the lump sum will be paid at the
percentages designated for their respective interests as eligible beneficiaries
of the executive&#146;s Basic Group Life insurance. If their respective interests
are not specified, their interests shall be several and equal. If a non-living
entity such as a trust is named as beneficiary, or the executive should have no
living beneficiary, the five year annuity payments will be converted to a lump
sum for final payment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(8)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The obligation to provide benefits under this Article&nbsp;II shall
cease at the end of the five year annuity period or upon payment of a present
value lump sum to multiple named beneficiaries, a trust or to the executive&#146;s
estate as described in Article&nbsp;II, Section&nbsp;VI (c) (6)&nbsp;and Article&nbsp;II, Section
VI (c) (7)&nbsp;above.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->22<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;II, Section&nbsp;VI. (c) (9)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(9)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan benefits under this Article&nbsp;II for active executives who
were age 62 and above as of December&nbsp;31, 2004 with a minimum of 10&nbsp;years Part&nbsp;B
or Part&nbsp;C credited service under the Retirement Program are grandfathered for
benefit amounts accrued and vested through December&nbsp;31, 2004, in accordance with
IRC Section&nbsp;409A, under the terms of the Plan in effect prior to January&nbsp;1,
2007. Benefit amounts accrued and vested after December&nbsp;31, 2004 for such
grandfathered executives are payable only as a lifetime monthly annuity. Such
grandfathered executives are not eligible for the five year annuity form of
payment.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->23<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;III. </B><U><B>Benefit Equalization Plan</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;III, Section&nbsp;I. </B><U><B>Eligibility and Vesting</B></U>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eligibility to participate in this Article&nbsp;III shall be limited solely to those
active executive level or separated executive level employees, or the designated
beneficiaries of such active executive level or separated executive level employees,
whose aggregate contributions and benefits under the S-SPP are in excess of the maximum
limitations on compensation, contributions and benefits imposed by Sections&nbsp;401(a)(17)
and/or 415 of the Code.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of this Article&nbsp;III, the terms &#147;designated beneficiary&#148; or &#147;designated
beneficiaries&#148; shall include surviving spouses and contingent beneficiaries. The term
&#147;Participant&#148; shall refer to an eligible active executive level employee or a former
executive level employee who has separated from service and is otherwise eligible for
benefits under this Article&nbsp;III.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eligible executives were immediately vested in any benefits accrued under Article
III, Section&nbsp;II (a)&nbsp;prior to January&nbsp;1, 2007.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eligible executives will become vested in any benefits accrued on and after January
1, 2007 under Article&nbsp;III Section&nbsp;II (a)&nbsp;upon their attainment of age 55 with a minimum
of 10&nbsp;years&#146; credited service. For this purpose, credited service is as defined in the
S-SPP.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->24<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;III, Section&nbsp;II. </B><U><B>Amount of Benefits</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An executive level employee who is eligible to participate in this Article&nbsp;III, or
the designated beneficiary of such a deceased executive level employee who was eligible
to participate in this Article&nbsp;III, shall be eligible to receive the value of the assets
that would have been purchased with GM S-SPP matching contribution amounts and the S-SPP
1% GM Benefit Contribution, if eligible, plus related earnings on such assets, set forth
in Article&nbsp;III, Section&nbsp;II (b)&nbsp;below, but for the maximum benefit limitations imposed
under Section 415(c) of the Code and maximum compensation limits imposed under Section
401(a)(17) of the Code. The portion of the Plan that provides benefits in the event the
maximum compensation limits under Section&nbsp;401(a)(17) of the Code apply is an unfunded
plan for the purpose of providing deferred compensation for a select group of management
or highly compensated employees. The value of assets described in this Article&nbsp;III,
Section&nbsp;II (a)&nbsp;shall be separately accounted for each employee or designated beneficiary.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->25<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;III, Section&nbsp;II (b)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Prior to April&nbsp;1, 2007 earnings on the unfunded, notional account assets will be
valued as though such amounts had been invested in the GM $1-2/3 par value Common Stock
Fund under the S-SPP. Effective April&nbsp;1, 2007 the value of the assets for each eligible
executive shall be maintained in an unfunded, notional account that will be credited with
earnings based on investment options as selected by the executive from the list below.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>GM $1-2/3 Par Value Common Stock</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Promark Income Fund</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pyramis Strategic Balanced Commingled Pool</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Promark Large Cap Index Fund</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fidelity Emerging Market Fund</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(6)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fidelity Contrafund</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(7)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fidelity Diversified International</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">Commencing effective April&nbsp;1, 2007, until such time as the executive makes an
eligible investment choice, the executive&#146;s account will be credited with earnings
based on the Pyramis Strategic Balanced Commingled Pool. In the event any of the
listed funds are discontinued, absent an election by the executive (if any), the
notional amounts in such funds and future contributions that were designated for that
fund will be transferred to the fund that such option is mapped to by the S-SPP.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->26<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;III, Section&nbsp;III. </B><U><B>Payment of Benefits</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For assets accrued and vested on or before December&nbsp;31, 2004, payment of benefits
in the amount determined pursuant to Article&nbsp;III, Section&nbsp;II (a)&nbsp;for separations prior to
January&nbsp;1, 2007, shall be payable to the Participant in a lump-sum amount on the earlier
of the Participant&#146;s request or as soon as practicable following such Participant&#146;s total
distribution of their S-SPP account. Such distributions will be based on the market
value on the Business Day on which the request is received or the day in which the
participant&#146;s S-SPP account is totally distributed, as confirmed by the GM Benefits &#038;
Services Center provided that the request is received or the S-SPP account is totally
distributed before the close of business of the New York Stock Exchange (NYSE), normally
4:00 p.m. (EST). A withdrawal request received and confirmed by the GM Benefits &#038;
Services Center after the close of business of the NYSE, or on a weekend or holiday
observed by the NYSE, will be based on the market value on the next Business Day.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For separations on and after January&nbsp;1, 2007, payment of vested plan benefits, in
the amount determined pursuant to Article&nbsp;III, Section&nbsp;II (a)&nbsp;will be converted to a five
year monthly annuity form of payment.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Conversion of the account value at date of separation to a five
year annuity will use the same discount rate applicable under Article&nbsp;II,
Section&nbsp;VI (c) (5)&nbsp;at date of separation from service.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the separated executive is eligible for payment of Executive
Retirement Plan (ERP)&nbsp;benefits under Article&nbsp;II, payable as a five year annuity,
payment of benefits as a five year annuity under this Article&nbsp;III will be
combined with and paid coincident with ERP payments under Article&nbsp;II.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->27<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;III, Section&nbsp;III. (c)</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The payment of benefits under Article&nbsp;III, Section&nbsp;III (a), and (b)&nbsp;above shall be
reduced in an amount up to $5,000 per year as repayment of amounts that a Participant
owes the Corporation or any subsidiary, for any reason, including benefit overpayments,
wage overpayments, and amounts due under all incentive compensation plans. The
Participant will be relieved of liability in the amount of the reduction following the
payment to the Corporation.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->28<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;IV. <U>Other Matters</U></B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px"><B>Article&nbsp;IV, Section&nbsp;I.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U><B>Amendment, Modification, Suspension, or Termination by Corporation</B></U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Corporation reserves the right, by and through the Executive Compensation
Committee of the Board of Directors or its delegate, to amend, modify, suspend, or
terminate this Plan in whole or in part, at any time. No oral statements can change the
terms of this Plan. This Plan can only be amended, in writing, by the Board of
Directors, the Executive Compensation Committee, or an appropriate individual or
committee as designated by the Board of Directors or Executive Compensation Committee.
The Corporation shall not terminate the Plan if such termination would result in tax and
penalties under Section&nbsp;409A of the Code, unless the Corporation acknowledges in writing
that one of the results of a termination will be tax and penalties under the Code. Absent
an express delegation of authority from the Board of Directors or the Executive
Compensation Committee, no one has the authority to commit the Corporation to any benefit
or benefits provision not provided for under this Plan or to change the eligibility
criteria or other provisions of this Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Corporation may, from time-to-time and in its sole discretion, adopt limited
early retirement provisions to provide retirements (i)&nbsp;during a specified period of time,
(ii)&nbsp;at a specified level of benefits, and (iii)&nbsp;for identified executive employees. Any
such early retirement provisions relating to the Plan that may be adopted by the
Corporation are made a part of this Plan as though set out fully herein.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Corporation may, from time-to-time and in its sole discretion, adjust the
amount of an executive&#146;s credited service used to determine the benefits under this Plan,
or the amount of benefits payable to an executive under this Plan.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->29<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Article&nbsp;IV Section&nbsp;II,</B></U> <B>Special Rules</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding any provision of this Plan, no elections, modifications or
distributions will be allowed or implemented if they would cause an otherwise eligible
Participant to be subject to tax (including interest and penalties) under Section&nbsp;409A of
the Code, unless the Committee specifies in writing that such elections, modifications or
distributions shall be made notwithstanding the impact of such tax (e.g. court order,
adverse business conditions).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Specified employees, as defined by IRC 409A, will have a six month waiting period
(or, if earlier, the date of death) before commencement of payment of any Plan benefits
payable on account of a separation from service. During the six month waiting period,
all amounts payable under this Plan will accumulate without interest and be paid
effective with the seventh monthly payment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If at the time of separation from service the present value of all benefits under
the Plan is less than the dollar limit under Section 402(g) of the Code as adjusted by
the Secretary of the Treasury ($15,500 for 2008) such amount shall be paid in a lump sum
within 90&nbsp;days of such separation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of the Plan to the contrary, under the provisions of
Treasury Regulation&nbsp;Section&nbsp;1.409A-3(j) benefits may be paid prior to the applicable
payment date in the following events:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pursuant to the terms of a Qualified Domestic Relations Order, as
defined in Section 414(p) of the Code;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To comply with an ethics agreement with the federal government,
or to avoid a violation any domestic or foreign ethics law or conflicts law;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To satisfy any Federal Insurance Contributions Act (FICA)&nbsp;tax
obligations;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To pay the Participant an amount required to be included in
income due to a failure of the Plan to comply with Section&nbsp;409A of the Code;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon termination of the Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(6)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To pay state, local or foreign taxes arising from participation in
the Plan; and</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->30<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Article&nbsp;IV Section&nbsp;II, (d) (7)</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(7)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To settle a bona fide dispute as to a Participant&#146;s right to a
Plan distribution.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B><I>Notwithstanding the above, other than suspension or forfeiture as set forth in Article&nbsp;I,
Section&nbsp;IV (b)&nbsp;with respect to any benefits that are vested or in payment pursuant to the
terms of this Plan, the prior Benefit Equalization Plan or the prior Supplemental Executive
Retirement Program (SERP), no amendment, modification, suspension, or termination may reduce
the vested rights or benefits of participants under this Plan, including benefits being
provided to current executive retirees or their surviving spouse, without the participant&#146;s,
retiree&#146;s, or surviving spouse&#146;s written permission, unless such amendment, modification,
suspension or termination is required by law.</I></B>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->31<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;IV, Section&nbsp;III. </B><U><B>Claim Denial Procedures</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Plan Administrator will provide adequate notice, in writing, to any Participant or beneficiary
whose claim for benefits under the Plan has been denied, setting forth the specific reasons for
such denial. The Participant or beneficiary will be given an opportunity for a full and fair
review of a decision by the Plan Administrator denying a claim for benefits. An appeal may be
filed with the Executive Compensation Committee of the Board of Directors, which has been delegated
final discretionary authority to construe, interpret, apply, and administer the Plan. Such appeal
to the Executive Compensation Committee must be filed, in writing, within 60&nbsp;days from the date of
the written decision from the Plan Administrator denying the claim for benefits. Such an appeal
may be initiated by forwarding the request to General Motors Corporation, 300 Renaissance Center,
Mail Code 482-C32-C61, P.O. Box 300, Detroit, Michigan 48265-3000. As a part of this review, the
Participant or beneficiary must submit any written comments that may support their position. The
Executive Compensation Committee shall be the final review authority with respect to appeals, and
its decision shall be final and binding upon the Corporation and the participant or beneficiary.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;IV, Section&nbsp;IV. </B><U><B>Service of Legal Process</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Service of legal process on General Motors Corporation may be made at any office of the CT
Corporation. The CT Corporation, which maintains offices in 50 states, is the statutory agent for
services of legal process on General Motors Corporation. The procedure for making such service
generally is known to practicing attorneys. Services of legal process also may be made upon
General Motors Corporation, 400 Renaissance Center, Mail Code 482-038-210, Detroit, Michigan
48265-4000.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->32<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>GENERAL MOTORS<BR>
EXECUTIVE RETIREMENT PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;IV, Section&nbsp;V. </B><U><B>Named Fiduciary </B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Executive Compensation Committee of the Corporation&#146;s Board of Directors shall be the Named
Fiduciary with respect to the Plan. The Executive Compensation Committee may delegate authority to
carry out such of its responsibilities, as it deems proper, to the extent permitted by ERISA.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;IV, Section&nbsp;VI. </B><U><B>Non-Assignability</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is a condition of this Plan, and all rights of each Participant shall be subject thereto, that
to the full extent permissible by law no right or interest of any Participant in this Plan or in
his or her account shall be assignable or transferable, in whole or in part, either directly or by
operation of law or otherwise, including, but not by way of limitation, execution, levy,
garnishment, attachment, pledge, bankruptcy, or in any other manner, and further excluding
devolution by death or mental incompetence. No right or interest of any Participant in this Plan
or in their account shall be liable for, or subject to, any obligation or liability of such
Participant except as provided in Article&nbsp;II, Section&nbsp;VI (b).
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->33<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
