Avis 2008 Annual Report Download - page 204

1.14.5 For purposes of Section 1.14.1, in the case of a Member who was employed by a Predecessor Corporation prior to its
acquisition by the Company, the Member’s Credited Service as of December 31, 1975 shall be the greater of (a) or (b) below:
(a) The Member’s most recent period of continuous employment with the Company which includes December 31, 1975; or
(b) If the Acquisition Date was before July 22, 1965, the Member’s period of continuous employment with both the Predecessor
Corporation and the Company which includes December 31, 1975 and the Acquisition Date.
1.14.6 For purposes of Section 1.14, the Committee may, in its discretion, and subject to the provisions of applicable law, determine
the extent to which a Member’s continuous employment with a Predecessor Corporation acquired by the Company on or after July 22, 1965,
shall be deemed Credited Service under this Plan.
1.14.7 If a former Member of the Salaried Plan or the Hourly Plan, who had not fulfilled the requirements for a vested benefit under
either Plan, incurred a Termination of Employment prior to January 1, 1976, and thereafter was re-employed by the Company and becomes a
Member of the Plan, the Member’s Credited Service before such Termination of Employment shall be restored and included in his total Credited
Service under the Plan, using the rule of either (a) or (b) below, whichever produces the greater total Credited Service:
(a) The Member’
s prior Credited Service shall be restored if the period of time between the date of his Termination of Employment and the
date of his reemployment by the Company is less than his aggregate Credited Service prior to such Termination of Employment.
(b) The Member’s prior Credited Service shall be restored if, after his reemployment by the Company, such Member renders a period of
Credited Service equal to the lesser of (i) the period of his absence or (ii) ten years.
1.14.8 For purposes of Section 1.14.1, a Member’s Credited Service shall include any period during which such Member was
employed by International Telephone and Telegraph Corporation prior to 1972, if such Member was employed or rehired by the Company prior
to January 1, 1976.
1.14.9 Notwithstanding anything contained herein to the contrary, for purposes of Article 4, Service by a Member with the Company
subsequent to December 31, 1998 shall not be recognized in determining the Member’s Credited Service. The Credited Service of a Member
(i) whose employment with the Company has not terminated as of December 31, 1998 or (ii) who is named in Appendix B hereof, shall be equal
to the sum of (A) the Member’s Credited Service as otherwise determined under Section 1.14 plus (B) two years.
1.15. “Date of Original Employment” shall mean the Date of Original Employment by the Company or by an Associated Company.
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