Dollar Rent A Car 2011 Annual Report Download - page 134
Download and view the complete annual report
Please find page 134 of the 2011 Dollar Rent A Car annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
 |
 |
Exhibit 10.252
SECOND AMENDMENT TO THE
SECOND AMENDED AND RESTATED
EMPLOYMENT CONTINUATION PLAN FOR KEY EMPLOYEES
The Second Amended and Restated Employment Continuation Plan for Key Employees of Dollar Thrifty Automotive Group, Inc., effective as of
December 9, 2008, as amended March 24, 2010 (the “ Plan”) is hereby amended effective December 9, 2011 as follows:
1. The references to Section 3(d)(iii) in the penultimate paragraph of Section 3(e) are hereby amended to refer to Section 3(e)(iii).
2. Section 3(i) is hereby amended to read as follows:
(i) Continuation Period. The term “Continuation Period” shall mean one (1) year for Key Employees listed on Annex B.2, one and one-half
(1.5) years for Key Employees listed on Annex B.1, and two and one-half (2.5) years for Key Employees listed on Annex A.
3. Delete Section 4(d) and replace it with the following new Section 4(d):
(d) A Key Employee who is listed on Annex B.1 and B.2 will be eligible for Employment Continuation Compensation if, within two years
after the occurrence of a Change in Control, (i) the Key Employee’s employment with the Company is terminated by the Company other than for
Cause, death or Disability; (ii) the Key Employee voluntarily terminates his employment with the Company following (A) the Key Employee’s
annualized base compensation being reduced to 90% or less of his Base Pay (which shall be deemed to result in a material diminution in base
compensation) or (B) a significant adverse change in the nature or scope of the authorities, powers, functions, responsibilities or duties attached to
the position with the Company which the Key Employee held immediately prior to the Change in Control.
4. Delete Section 4(e) and replace it with the following new Section4(e).
(e) Notwithstanding anything herein to the contrary, a Key Employee shall not be eligible for Employment Continuation Compensation unless
(i) the Key Employee’s employment is terminated pursuant to Section 4(c)(i) or 4(d)(i), or (ii) a condition as set forth in 4(c)(ii) or 4(d)(ii), as
applicable, exists and (A) the Key Employee provides notice to the Company within 90 days of the existence of the condition, (B) the Company does
not remedy the condition within 30 days of receipt of such notice, and (C) the Key Employee terminates employment within two years following the
initial occurrence of the applicable event.
5. Section 5(a)(iv) is hereby amended in its entirety as follows:
(iv) Subject to Section 8, each Key Employee who is listed on Annex B.1 or B.2 and becomes eligible for Employment Continuation
Compensation in accordance with Section 4(d) shall receive Employment Continuation Pay from the Company as follows:
1