Hertz 2014 Annual Report Download - page 354

Exhibit A
Participant:
Number of Performance Stock Units granted hereby:
2015 Tranche
2015 Performance Period: January 1, 2015 through December 31, 2015
2015 Performance Criteria: 2015 EBITDA*
2015 Tranche Performance Goal: 2015 EBITDA equaling or exceeding ___________________ *
2016 Tranche
2016 Performance Period: January 1, 2016 through December 31, 2016
2016 Performance Criteria: 2016 EBITDA*
2016 Tranche Performance Goal: 2016 EBITDA equaling or exceeding ___________________ *
2017 Tranche
2017 Performance Period: January 1, 2017 through December 31, 2017
2017 Performance Criteria: 2017 EBITDA*
2017 Tranche Performance Goal: 2017 EBITDA equaling or exceeding ___________________ *
If the applicable Performance Goal is not met for a Tranche, all Performance Stock Units covered by such Tranche shall be
forfeited and canceled. The Performance Stock Units remain subject to all other provisions (including, without limitation, any
applicable vesting and settlement provisions) of this Agreement and the Plan.
* EBITDA generally refers to Corporate EBITDA as disclosed by the Company;
provided, however, in the event of material acquisitions or dispositions during any Performance Period, the performance incentive
threshold, target and maximum criteria, and/or the determination of EBITDA, shall be adjusted in an equitable and proportionate
manner as determined by the Committee and in accordance with any applicable provisions of the Plan; provided, further, in the
event of any other extraordinary transactions and items during any Performance Period, such criteria and/or the EBITDA
determination may be adjusted by the Committee in accordance with any applicable provisions of the Plan. Notwithstanding the
above, no adjustment may be made in accordance with this paragraph if such adjustment would cause the Performance Stock Units
subject to this Agreement to fail to be “performance-based compensation” for purposes of Section 162(m) of the Code.
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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