Hertz 2014 Annual Report Download - page 362

(i) Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By entering into this
Agreement and accepting the Restricted Stock Units evidenced hereby, the Participant acknowledges: (i) that the Plan is
discretionary in nature and may be suspended or terminated by the Company at any time; (ii) that the Award does not create any
contractual or other right to receive future grants of Awards; (iii) that participation in the Plan is voluntary; (iv) that the value of the
Restricted Stock Units is not part of normal or expected compensation for purposes of calculating any severance, resignation,
redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; and (v)
that the future value of the Common Stock is unknown and cannot be predicted with certainty.
(j) Employee Data Privacy. The Participant authorizes any Affiliate of the Company that employs the Participant
or that otherwise has or lawfully obtains personal data relating to the Participant to divulge or transfer such personal data to the
Company or to a third party, in each case in any jurisdiction, if and to the extent appropriate in connection with this Agreement or
the administration of the Plan.
(k) Consent to Electronic Delivery. By entering into this Agreement and accepting the Restricted Stock Units
evidenced hereby, the Participant hereby consents to the delivery of information (including, without limitation, information
required to be delivered to the Participant pursuant to applicable securities laws) regarding the Company and the Subsidiaries, the
Plan, this Agreement and the Restricted Stock Units via Company web site or other electronic delivery.
(l) Claw Back or Compensation Recovery Policy. Without limiting any other provision of this Agreement, and
to the extent applicable, the Restricted Stock Units granted hereunder shall be subject to any claw back policy or compensation
recovery policy or such other similar policy of the Company in effect from time to time.
(m) Company Rights. The existence of the Restricted Stock Units does not affect in any way the right or power
of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes
in the Company’s capital structure or its business, including that of its Affiliates, or any merger or consolidation of the Company
or any Affiliate, or any issue of bonds, debentures, preferred or other stocks with preference ahead of or convertible into, or
otherwise affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Company or any Affiliate, or
any sale or transfer of all or any part of the Company’s or any Affiliate’s assets or business, or any other corporate act or
proceeding, whether of a similar character or otherwise.
(n) Severability. If a court of competent jurisdiction determines that any portion of this Agreement is in violation
of any statute or public policy, then only the portions of this Agreement which violate such statute or public policy shall be
stricken, and all portions of this Agreement which do not violate any statute or public policy shall continue in full force and effect.
Further, it is the parties’ intent that any court order striking any portion of this Agreement should modify the terms as narrowly as
possible to give as much effect as possible to the intentions of the parties’ under this Agreement.
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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