Hertz 2010 Annual Report Download - page 134

HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Estimated Future Benefit Payments
The following table presents estimated future benefit payments (in millions of dollars):
Postretirement
Pension Benefits Benefits (U.S.)
2011 .............................................. $ 24.2 $ 1.5
2012 .............................................. 28.5 1.4
2013 .............................................. 31.9 1.4
2014 .............................................. 34.5 1.5
2015 .............................................. 37.5 1.5
2016-2020 .......................................... 242.8 7.2
$399.4 $14.5
Note 6—Stock-Based Compensation
Plans
On February 28, 2008, our Board of Directors adopted the Hertz Global Holdings, Inc. 2008 Omnibus
Incentive Plan, or the ‘‘Omnibus Plan,’’ which was approved by our stockholders at the annual meeting
of stockholders held on May 15, 2008 and amended and restated on May 27, 2010. A maximum of
32.7 million shares are reserved for issuance under the Omnibus Plan. The Omnibus Plan provides for
grants of both equity and cash awards, including non-qualified stock options, incentive stock options,
stock appreciation rights, performance awards (shares and units), restricted stock, restricted stock units
and deferred stock units to key executives, employees and non-management directors. We also granted
awards under the Hertz Global Holdings, Inc. Stock Incentive Plan, or the ‘‘Stock Incentive Plan,’’ and
the Hertz Global Holdings, Inc. Director Stock Incentive Plan, or the ‘‘Director Plan’’, or collectively the
‘‘Prior Plans.’’
The Omnibus Plan provides that no further awards will be granted pursuant to the Prior Plans. However,
awards that had been previously granted pursuant to the Prior Plans will continue to be subject to and
governed by the terms of the Prior Plans. As of December 31, 2010, there were 11.2 million shares of our
common stock underlying awards outstanding under the Prior Plans. In addition, as of December 31,
2010, there were 10.3 million shares of our common stock underlying awards outstanding under the
Omnibus Plan.
In addition to the 21.5 million shares underlying outstanding awards as of December 31, 2010, we had
20.1 million shares of our common stock available for issuance under the Omnibus Plan. The shares of
common stock to be delivered under the Omnibus Plan may consist, in whole or in part, of common
stock held in treasury or authorized but unissued shares of common stock, not reserved for any other
purpose.
Shares subject to any award granted under the Omnibus Plan that for any reason are canceled,
terminated, forfeited, settled in cash or otherwise settled without the issuance of common stock after the
effective date of the Omnibus Plan will generally be available for future grants under the Omnibus Plan.
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