Dollar Rent A Car 2011 Annual Report Download - page 162

Download and view the complete annual report

Please find page 162 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.

Page out of 180

  • 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



THIS PERFORMANCE UNITS GRANT AGREEMENT (this “Agreement”) is made effective as of the _____ day of __________________,
20__ (the “Effective Date”), between Dollar Thrifty Automotive Group, Inc., a Delaware corporation (“ Company”) and ____________(the “Employee”).

A. The Company’s Second Amended and Restated Long-Term Incentive Plan and Director Equity Plan dated December 9, 2008, as amended
through and including the date hereof, (the “ Plan”), provides for the grant of Awards to certain eligible employees of the Company and its Subsidiaries
pursuant to the terms of the Plan and this Agreement.
B. The Board, pursuant to the Plan, encourages eligible employees to achieve certain Management Objectives established by the Human Resources
and Compensation Committee of the Board (the “ Committee”) from time to time.
C. The Committee adopted the Management Objectives set forth below for the Performance Period set forth below on the Effective Date.


1.. Defined terms used in this Agreement shall have the same meaning as those terms defined and used in the Plan, unless otherwise
indicated in this Agreement.
2.. The Company hereby grants _________ Performance Units to Employee as of the Effective Date for the one-year
Performance Period from ________ to ________, subject to the restrictions set forth herein. Each Performance Unit relates to one Common Share
of the Company.
3.. The Committee has determined that the management objectives for the Performance Period shall be
the____________ (the “___ Management Objectives”). Within seventy-five (75) days following the conclusion of the Performance Period, the
Committee shall determine whether the _______ Management Objectives have been met or exceeded and shall provide written certification of such
determination. In the event the Committee certifies that the _______ Management Objectives have been met or exceeded, all Performance Units shall
remain outstanding and subject to the time-based vesting and forfeiture conditions set forth below. Except as expressly provided below in Section 7,
if the Company does not meet or exceed the ________ Management Objectives for the Performance Period, all Performance Units granted hereunder
shall immediately be cancelled and forfeited, no Common Shares shall be distributed to Employee in respect of such Performance Units and
Employee shall have no further rights or entitlements under this Agreement.
4.. Except as otherwise provided herein, if the Company meets or exceeds the _______ Management Objectives for
the Performance Period, 25% of the Performance Units shall vest on ________ and the remaining 75% of the Performance Units shall vest on
_______ (each, a “Vesting Date”), in each case subject to Employee’s continued employment with the Company or its Subsidiaries through the
applicable Vesting Date.
1