Avis 2008 Annual Report Download - page 181

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2.15
Investment Fund
means one or more investment vehicles in which amounts allocated to a Participant’
s Account shall be deemed to have
been invested and which shall be used to determine Earnings in accordance with Article V.
2.16
Participant
means any Eligible Employee who has enrolled in the Plan upon the execution of an Enrollment Agreement, or any former
Eligible Employee or Beneficiary for whom an Account is maintained.
5
2.17
Plan Year means the twelve consecutive month period ending each December 31
st
.
2.18
Qualified Plan
means the Avis Budget Group, Inc. Employee Savings Plan or other applicable 401(k) plan maintained by the Company
in which the Participant is eligible to participate, as amended and restated from time to time.
2.19
Termination of Employment
means a Participant
’
s separation from the service of the Employer by reason of resignation, discharge, or
retirement. Separation from service as a result of a transfer to an affiliate or subsidiary of the Employer does not constitute Termination
of Employment.
2.20
Valuation Date
means the last day of each Plan Year and any date the value of a Participant’s Account is determinable from the
custodial records.