Avis 2008 Annual Report Download - page 168
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Notwithstanding Section 6.1, if a Participant becomes Disabled prior to the complete distribution of his or her Account, the balance of the
Account shall be paid as soon as practicable to the Participant, in the form elected by the Participant pursuant to Section 6.1.
Notwithstanding Section 6.1, if a Participant dies prior to the complete distribution of his or her Account, the balance of the Account shall
be paid as soon as practicable to the Participant’s designated Beneficiary or Beneficiaries, elected by the Participant pursuant to
Section 7.
A Participant may request distribution of amounts previously deferred under the Old ARAC Plan (and any subsequent earnings related
thereto) upon an Unforeseen Emergency. Such distribution is limited to amounts reasonably necessary to meet the emergency and pay
any anticipated tax on the distribution. The Committee retains the right to make a final determination if a Participant’s need meets the
definition of Unforeseen Emergency and all decisions are final.
All federal, state or local taxes that the Committee determines are required to be withheld from any payments made pursuant to this
Article VI shall be withheld.
Page 9
6.3
Disability
6.4
Death
6.5
Unforeseen Emergency
6.6
Taxes