Form 11-K TIRE AND RUBBER GOODYEAR By: December 31






December 31, 2021 and 2020

The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) was signed into law on March 27, 2020, which allowed plan participants affected by the coronavirus to choose a distribution of up to $100,000 from the plan through December 31. . 2020, with waiver of the 10% tax penalty for early withdrawal. Participants may repay the distribution over a period of three years from the date of distribution, without being subject to income tax. If the distribution is not returned to the Plan, participants have the option of paying taxes on the distribution over a three-year period.

Amounts vested in the participant may be paid out upon retirement, death or for any other termination of employment.

All withdrawals and distributions are assessed at the end of the day they are processed and may be subject to income tax upon receipt. Any not acquired Company contributions are canceled and applied to reduce future Company contributions and Plan expenses. As of December 31, 2021 and 2020, the Plan had forfeiture credits of $9,958 and $11,054, respectively.

Net transfers from other schemes

Net transfers from other plans in the statement of changes in net assets available for benefits for the year ended December 31, 2021 include account balances of $8,718,334, which were transferred to the plan from the Raben Savings Plan, effectively merging that part of the Raben Plan Savings Plan into the Plan.

Notes receivable from participants

Eligible employees can borrow money from their participant accounts. The minimum amount that can be borrowed is $1,000. The maximum amount that may be borrowed is the lesser of $50,000 less the highest outstanding balance of all Notes during the preceding twelve month period, or 50% of the participant’s acquired account balance. Participants may have up to two tickets outstanding at any one time. The interest rate applied is a fixed rate established at the time of the request based on the prime rate plus one percent (4.25% as of December 31, 2021 and 2020).

The CARES Act increased the maximum amount that participants eligible for a coronavirus-related distribution can borrow from their plan accounts to the lesser of $100,000 or 100% of the participant’s vested account balance, if the loan was made within 180 days from March 27. 2020. Additionally, participants with an outstanding Plan loan with repayment dates between March 27, 2020 and December 31, 2020 could delay repayment of their loan for up to one year, with interest still accrued on deferred payments. .

Reimbursements, with interest, are made through payroll deductions. If a Note is not repaid at maturity, the outstanding balance is treated as a taxable distribution from the Plan.



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