Avis 2010 Annual Report Download - page 40

Table of Contents
Issuer Purchases of Equity Securities
None.
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options may be adjusted or substituted for, as the Compensation Committee or Board may determine. Each option granted under this plan
will become immediately exercisable upon a “change-of-control transaction” (as defined in the plan). Unless otherwise determined by the
Compensation Committee, following termination of employment, options granted under this plan generally will remain exercisable, to the
extent exercisable at the time of termination, for one year (two years, in the case of retirement, death or disability). 1997 Employee Stock
Plan
. Awards under this plan are generally comprised of stock options and restricted stock granted to our employees and affiliates. Shares
issued pursuant to awards granted under this plan may be authorized and unissued shares or treasury shares. In the event of any change in
corporate capitalization, reorganization or similar event, shares subject to outstanding awards and the exercise price of outstanding options
may be adjusted or substituted for, as the Compensation Committee or Board may determine. The vesting of restricted stock awards granted
under this plan may be subject to the attainment of predetermined performance goals. Unless otherwise determined by the Compensation
Committee, following termination of employment, options and stock appreciation rights granted under this plan generally will remain
exercisable, to the extent exercisable at the time of termination, for one year (five years, in the case of retirement and one year for death or
disability). Unless otherwise determined by the Compensation Committee, following termination of employment for any reason, shares that
are subject to restrictions under a restricted stock award will be immediately forfeited.