Dollar Rent A Car 2011 Annual Report Download - page 143

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Exhibit 10.254
Dollar Thrifty Automotive Group, Inc
2012 Executive Incentive Compensation Plan
Purpose
This 2012 Executive Incentive Compensation Plan (the “ 2012 Plan”) is designed to motivate and reward executives for goal and objective achievement and for
contributing to the overall performance of Dollar Thrifty Automotive Group, Inc. and its subsidiaries (“ DTG” or, collectively, the “Company”) for the year
2012.
Plan Participants
Participation in the 2012 Plan is limited to executive personnel in pay grades 40 and above (“ Participants”).
Award
The incentive compensation award (the “ Award”) is based on a percentage of the Bonus Pool.
Plan Provisions
1. The Award will be based on DTG’s earnings before interest, taxes, depreciation and amortization (“ EBITDA”), excluding merger related expenses
and plus or minus any other adjustments approved by the Human Resources and Compensation Committee of the Board of Directors of DTG (the
“HRCC”) in its sole discretion. A bonus pool will be funded based upon a percentage of EBITDA (the “ Bonus Pool”).
●No funding of the Bonus Pool will occur for EBITDA below a set minimum threshold or for EBITDA in excess of a set maximum.
●Participants will be eligible to receive a percentage of the total Bonus Pool, as determined by the HRCC.
●Any amounts to be awarded for EBITDA between the minimum threshold and a pre-determined amount will be paid in cash and any
amounts to be awarded for EBITDA in excess of that pre-determined amount will be paid pursuant to a grant of performance share units (
“PSUs”), with terms and conditions established by Company, including the following vesting schedule:
1