Avis 2008 Annual Report Download - page 207

The Board of Directors, if it so elects, may limit participation in the Plan to one or more operating or other units of any Participating
Division or Participating Corporation or may exclude one or more of such units from participation in the Plan and in either such event persons
employed by any operating or other unit of such Participating Division or Participating Corporation not covered by the designation thereof as
such shall not be deemed to be Employees for purposes of the Plan until further action by the Board of Directors.
1.27. “Participating Division” shall mean any division of a Company or an Associated Company which has by appropriate action of
the Board of Directors been designated as a Participating Division.
1.28. (a) “Plan” shall mean the Avis Rent A Car System, LLC Pension Plan as it may be amended from time to time. Any reference
to “Plan” prior to June 1, 2006 shall refer to the Cendant Corporation Pension Plan, Part II, unless otherwise specifically identified or it is
otherwise clear from the context.
(b) “Prior Plan” shall mean the Retirement Plan for Salaried and Hourly Employees of Avis Rent A Car System, Inc., as in
effect on June 30, 1985.
1.29. “Plan Year” shall mean the calendar year.
1.30. (a) “Predecessor Corporation” shall mean any subsidiary or affiliated company of the Company, and any predecessor or
subsidiary thereof, to the extent that all or part of the business and assets of any such corporation shall have been acquired by the Company
either before or after the Effective Date of the Salaried Plan.
(b) “Prior Company” shall mean ARAC with respect to those Cendant Car Rental, Inc. employees who were previously
employed by ARAC and who became employees of Cendant Car Rental, Inc. pursuant to an agreement between Cendant and ARAC, effective
September 23, 1997.
1.31. “Prior Salaried Plan” shall mean the International Telephone Retirement Plan for Salaried Employees as in effect on
December 31, 1971 as applicable to ARAC.
1.32. “Retirement Pension” shall mean a pension or other benefit payable to a Member or his Beneficiary pursuant to Articles 4, 6 or
8 hereof.
1.33. “Salaried Plan” shall mean the Retirement Plan for Salaried Employees of Avis Rent A Car System, Inc., effective as of
January 1, 1972.
1.34. “Service” shall mean, (a) with respect to periods prior to January 1, 1976, a Member’s most recent period of continuous
employment with the Company or Prior Company which includes December 31, 1975 and (b) with respect to periods after December 31, 1975,
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