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IN RE DANA CORP.

No. 06-10354 (BRL).

358 B.R. 567 (2006)

In re DANA CORPORATION, et al., Debtors.

United States Bankruptcy Court, S.D. New York.

November 30, 2006.

Attorney(s) appearing for the Case

Jones. Day, New York, NY by Corinne Ball, Heather Lennox, George T. Manning, for the Debtors and Debtors in Possession.

Kramer Levin Naftalis & Frankel LLP, New York, NY by Thomas Moers Mayer, Matthew J. Williams, for the Official Committee of Unsecured Creditors of Dana Corp., et al.

Fried, Frank, Harris, Shriver & Jacobson LLP, New York, NY by Gary Kaplan, Brian Pfeiffer, for the Official Equity Committee of Dana Corp., et al.

Stroock & Stroock & Lavan LLP, New York, NY by Kristopher M. Hansen, Shannon Lowry Nagel, for the Ad Hoc Committee of Dana Noteholders.

Cohen, Weiss And Simon LLP, New York, NY by Babette A. Ceccotti, for UAW and USW.

International Union, UAW, by Niraj R. Ganatra, Esq., Detroit, MI.

United Steelworkers, Pittsburgh, PA by David R. Jury, for USW.

Stahl Cowen Crowley LLC, Chicago, IL by Trent Cornell, Jon D. Cohen, for the Official Committee of Non-Union Retirees of Dana Corp. et al.

MEMORANDUM OPINION APPROVING, IN PART, DEBTORS' MOTION FOR AUTHORIZATION TO ASSUME EMPLOYMENT AGREEMENTS, FOR APPROVAL OF A LONG TERM INCENTIVE PLAN AND RELATED RELIEF

BURTON R. LIFLAND, Bankruptcy Judge.

Before the Court is the motion (the "Executive Compensation Motion") of Dana Corporation ("Dana" or collectively with its affiliated debtors, the "Debtors"), pursuant to sections 105(a), 363(b), 365, 502 and 503(c) of title 11 of the United States...

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