Dollar Rent A Car 2011 Annual Report Download - page 171

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10. Compliance with Section 409A of the Code. This Agreement is intended to comply with Section 409A of the Code and the grant hereunder and the
terms of this Agreement shall be administered in a manner that is intended to comply with Section 409A of the Code and shall be construed and
interpreted, to the extent permitted by law, in accordance with such intent. It is not intended that this grant be subject to Section 409A of the Code. To
the extent that the grant is subject to Section 409A of the Code, it shall be granted and issued in a manner that will comply with Section 409A of the
Code, including any Guidance. Any provision of this Agreement that would cause the grant or issuance to fail to satisfy Section 409A of the Code
shall have no force and effect until amended to comply with Code Section 409A (which amendment may be retroactive to the extent permitted by the
Guidance).
11. Compliance with Law. Notwithstanding any other provision of this Agreement, the Company will not be obligated to issue any Common Shares
in payment of any vested Restricted Stock Unit pursuant to this Agreement if the issuance thereof would result in a violation of any laws. The
Company will make reasonable efforts to comply with all applicable federal and state securities laws.
12. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the day and year above written.
Attest:
_______________________________
Secretary
DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.
By:__________________________________________
President and Chief Executive Officer
__________________________________________
Name:
Non-Employee Director
3