Exhibit 10.23
GROUP 1 AUTOMOTIVE, INC.
DEFERRED COMPENSATION PLAN
As Amended and Restated
Effective January 1, 2005
TABLE OF CONTENTS
-i-
GROUP 1 AUTOMOTIVE, INC.
DEFERRED COMPENSATION PLAN
W I T N E S S E T H :
WHEREAS , Group 1 Automotive, Inc. (the “Company”) has heretofore adopted the Group 1 Automotive,
Inc. Deferred Compensation Plan, hereinafter referred to as the “Plan,” to aid certain of its employees in making
more adequate provision for their retirement; and
ARTICLE
PAGE
I
– Definitions and Construction
I-1
II – Participation
II-1
III – Account Credits and Allocations of Income or Loss
III 1
IV – Deemed Investment of Funds
IV-1
V – Determination of Vested Interest and Forfeitures
V-1
VI – In-Service Withdrawals
VI-1
VII – Termination Benefits
VII-1
VIII – Administration of the Plan
VIII-1
IX – Administration of Funds
IX-1
X – Nature of the Plan
X-1
XI – Miscellaneous
XI-1
XII – Participation by Consultants
XII-1
XIII – Participation by Non-Employee Directors
XIII-1
Exhibit 10.23
GROUP 1 AUTOMOTIVE, INC.
DEFERRED COMPENSATION PLAN
As Amended and Restated
Effective January 1, 2005
TABLE OF CONTENTS
-i-
GROUP 1 AUTOMOTIVE, INC.
DEFERRED COMPENSATION PLAN
W I T N E S S E T H :
WHEREAS , Group 1 Automotive, Inc. (the “Company”) has heretofore adopted the Group 1 Automotive,
Inc. Deferred Compensation Plan, hereinafter referred to as the “Plan,” to aid certain of its employees in making
more adequate provision for their retirement; and
WHEREAS , the Company desires to restate the Plan and to amend the Plan in several respects;
NOW THEREFORE , the Plan is hereby restated in its entirety as follows with no