Hertz 2011 Annual Report Download - page 146

HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Plan, as required under the Code to be adopted by plans in the ‘‘red’’ zone, is pending or has
been implemented as of the end of the plan year that ended in 2011.
• The ‘‘Surcharge Imposed’’ column indicates whether our contribution rate for 2011 included an
amount in addition the contribution rate specified in the applicable collective bargaining
agreement, as imposed by a plan in ‘‘critical status,’’ in accordance with the requirements of the
Code.
• The last column lists the expiration dates of the collective bargaining agreements pursuant to
which we contribute to the plans.
For plans that are not individually significant to us, the total amount of contributions is presented in the
aggregate.
Expiration
Pension FIP / Dates of
Protection Act Contributions by
EIN /Pension RP Status Collective
Zone Status The Hertz Corporation
(In whole dollars) Plan Pending / Surcharge Bargaining
Pension Fund Number 2011 2010 Implemented 2011 2010 2009 Imposed Agreements
Western Conference of
Teamsters ....... 91-6145047 Green Green NA $3,912,642 $3,761,656 $3,603,055 NA Various
Teamsters Central
States ......... 36-6044243 Critical Critical Implemented 1,250,061 1,176,282 1,122,816 No Various
IAM National ....... 51-60321295 Green Green NA 645,015 599,513 559,554 NA Various
Midwest Operating
Engineers ....... 36-6140097 Green Green NA 355,329 236,152 238,775 NA 2/28/14
Local 1034** ...... 13-6594795 Critical Critical Implemented 184,205 165,088 155,222 Yes 5/2/13
Operating Engineers
Local 324 ....... 38-1900637 Critical Critical Implemented 105,200 98,686 103,851 No 6/30/13
Western Pennsylvania
Teamsters ....... 25-6029946 Critical Critical Implemented 98,526 94,592 102,544 No 11/4/11*
7 Other Plans . . . 569,440 455,856 372,597
Total Contributions . . $7,120,418 $6,587,825 $6,258,414
* The parties are still attempting to negotiate a successor agreement.
** The amount contributed by Hertz to the Local 1034 Pension Fund was reported as being more than 5% of total contributions to the plan, on the
fund’s Form 5500 for the year ended 12/31/2010.
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
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