Hertz 2014 Annual Report Download - page 355

Exhibit 10.6.17
RESTRICTED STOCK UNIT AGREEMENT
This RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”), dated as of the Grant Date set forth on the signature
page hereof, is entered into by and between Hertz Global Holdings, Inc., a Delaware corporation (the “Company”), and the individual
whose name is set forth on the participant section of the signature page hereof (the “Participant”).
1. Grant of Restricted Stock Units. The Company hereby evidences and confirms its grant to the Participant, effective as
of the Grant Date, of the number of restricted stock units (the “Restricted Stock Units”) set forth on the signature page hereof. This
Agreement is subordinate to, and the terms and conditions of the Restricted Stock Units granted hereunder are subject to, the terms and
conditions of the Hertz Global Holdings, Inc. 2008 Omnibus Incentive Plan (the “Plan”), which are incorporated by reference herein.
If there is any inconsistency between the terms hereof and the terms of the Plan, the terms of the Plan shall govern. Any capitalized
terms used herein without definition shall have the meanings set forth in the Plan.
2. Vesting of Restricted Stock Units.
(a) Generally. Except as otherwise provided in this Section 2, the Restriction Period applicable to the Restricted
Stock Units shall lapse, if at all, on the dates (each a “Vesting Date”) and in the percentages set forth on the signature page hereof,
subject to the continued employment of the Participant by the Company or any Subsidiary thereof through each such Vesting
Date.
(b) Termination of Employment.
(i) Death or Disability. If the Participant’s employment is terminated due to death or Disability, the Restriction
Period shall lapse immediately upon such termination with respect to a portion of the Restricted Stock Units equal to the
number of Restricted Stock Units that would have vested on the next following Vesting Date (assuming the Participant’s
employment had continued through such Vesting Date) multiplied by a fraction, the numerator of which is the number of days
elapsed since (X) the Grant Date, if the termination occurs prior to the first Vesting Date, or (Y) the most recent prior Vesting
Date, if the termination occurs after the first Vesting Date, and the denominator of which is 365. Such Restricted Stock Units
shall be settled as provided in Section 3. Any Restricted Stock Units still subject to restriction after giving effect to the
preceding sentence shall immediately be forfeited and canceled effective as of the date of the Participant’s termination.
(ii) Any Other Reason. If the Participant’s employment terminates (whether by the Participant or by the
Company or a Subsidiary) for any reason other than death or Disability, any outstanding Restricted Stock Units shall
immediately be forfeited and canceled effective as of the date of the Participant’s termination.
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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