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K&E 15010050.1
UNITED STATES BANKRUPTCY COURTSOUTHERN DISTRICT OF NEW YORK
)In re: )Chapter 11)LEAR CORPORATION, et al.,
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)Case No. 09-14326 (ALG))Debtors. )Joint Administration Requested)
INTERIM ORDER AUTHORIZING, BUT NOT DIRECTING, DEBTORS TO (A) PAYCERTAIN PREPETITION COMPENSATION AND REIMBURSABLE EMPLOYEEEXPENSES, (B) PAY AND HONOR EMPLOYEE MEDICAL AND OTHER BENEFITSAND (C) CONTINUE EMPLOYEE WAGES AND BENEFITS PROGRAMS
Upon the motion (the “Motion”)
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of the above-captioned debtors (collectively, the“Debtors”) for the entry of an interim order (this “Order”) (a) authorizing, but not directing, theDebtors to pay certain prepetition wages, salaries and other compensation, taxes, withholdingsand reimbursable expenses, (b) authorizing, but not directing, the Debtors to pay and honorobligations relating to medical and other benefits programs and (c) authorizing, but not directing,the Debtors to continue their employee benefit programs on a postpetition basis and for the Courtto consider entry of the Final Order and upon the First Day Declaration; it appearing that therelief requested is in the best interests of the Debtors’ estates, their creditors and other parties in
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The Debtors in these chapter 11 cases, along with the last four digits of each U.S. Debtors’ federal taxidentification number (if any), include: Lear Corporation (6776); Lear #50 Holdings, LLC (N/A); LearArgentine Holdings Corporation #2 (7832); Lear Automotive Dearborn, Inc. (4976); Lear AutomotiveManufacturing, LLC (3451); Lear Canada (5059); Lear Canada Investments Ltd. (a non-U.S. Debtor that doesnot maintain a U.S. Federal tax identification number); Lear Corporation (Germany) Ltd. (6716); LearCorporation Canada Ltd. (a non-U.S. Debtor that does not maintain a U.S. Federal tax identification number);Lear Corporation EEDS and Interiors (6360); Lear Corporation Global Development, Inc. (3121); Lear EEDSHoldings, LLC (4474); Lear European Operations Corporation (8411); Lear Holdings, LLC (4476); LearInvestments Company, LLC (8771); Lear Mexican Holdings Corporation (7829); Lear Mexican Holdings, LLC(4476); Lear Mexican Seating Corporation (4599); Lear Operations Corporation (5872); Lear Seating HoldingsCorp. #50 (9055); Lear South Africa Limited (a non-U.S. Debtor that does not maintain a U.S. Federal taxidentification number); Lear South American Holdings Corporation (1365); Lear Trim L.P. (8386); and RenosolSeating, LLC (4745). The location of the Debtors’ corporate headquarters and the service address for all of theDebtors is: 21557 Telegraph Road, Southfield, Michigan 48033.
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Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Motion.
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0914326090707000000000060
 
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K&E 15010050.1
interest; the Court having jurisdiction to consider the Motion and the relief requested thereinpursuant to 28 U.S.C. §§ 157 and 1334; consideration of the Motion and the relief requestedtherein being a core proceeding pursuant to 28 U.S.C. § 157(b); venue being proper before theCourt pursuant to 28 U.S.C. §§ 1408 and 1409; notice of the Motion having been adequate andappropriate under the circumstances; and after due deliberation and sufficient cause appearingtherefor, it is hereby ORDERED that:1.
 
The Motion is granted as set forth herein on an interim basis.2.
 
The final hearing (the “Final Hearing”) on the Motion shall be held on July 30,2009 at 10:00 a.m. Eastern Time. Any objections or responses to entry of the final order shall befiled on July 23, 2009 at 4:00 p.m. Eastern Time and served on the following parties: (a) counselto the Debtors; (b) the Office of the United States Trustee for the Southern District of New York;(c) the entities listed on the Consolidated List of Creditors Holding the 50 Largest UnsecuredClaims filed pursuant to Bankruptcy Rule 1007(d); (d) counsel to the agent for the Debtors’prepetition senior lenders and proposed postpetition secured lenders; (e) each trustee for each of the Debtors’ notes; (f) counsel to the ad hoc committee of the Debtors’ unsecured noteholders;(g) the Internal Revenue Service; (h) the Securities and Exchange Commission; and (i) thosepersons who have formally appeared and requested service in this proceeding pursuant toBankruptcy Rule 2002.3.
 
The Debtors are authorized, but not directed, to honor and pay upon entry of thisOrder the Employee Wages and Benefits in accordance with the Debtors’ stated policies andprepetition practices, including, but not limited to, prepetition Unpaid Compensation to theEmployees, the Temporary Workers and the Debtors’ independent contractor; provided,however, that the Debtors may not pay any Employee, any Temporary Worker, or the
 
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K&E 15010050.1
independent contractor more than $10,950 on account of Unpaid Compensation; provided,further, that the Debtors shall not make any payments on account of any prepetition Directors’compensation obligations until entry of the Final Order.4.
 
The Debtors are authorized, but not directed, to continue to allocate and distributethe Deductions, the Payroll Taxes and any union dues in accordance with the Debtors’ statedpolicies and prepetition practices.5.
 
The Debtors are authorized, but not directed, to pay the Reimbursable Expenses,including, without limitation, payments of expenses incurred through use of a corporate creditcard under the Corporate Credit Card Program, in accordance with the Debtors’ stated policiesand prepetition practices, provided, however, that the Debtors shall give reasonable notice to theOffice of the United States Trustee for the Southern District of New York in advance of makingany payments on account of prepetition Reimbursable Expenses in excess of $1,000 perEmployee that are due from the date of this Order to the date of entry of the Final Order.6.
 
The Debtors are authorized, but not directed, to honor the Employee BenefitPrograms, make any necessary contributions to such programs and pay any unpaid premium,claim, or amount owed as of the Petition Date; provided, however, that the Debtors shall notmake any payments with respect to the Incentive Programs, the Non-Qualified Plans, HourlySeverance Programs, the Salaried Severance Program, the Canadian Severance or theIndemnification Obligations until entry of the Final Order.7.
 
The Debtors are authorized, but not directed, to continue and to honor theAdditional Employee Benefits, to make any necessary contributions to such programs and to payany unpaid amount owed as of or after the Petition Date related thereto.
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