Dollar Rent A Car 2011 Annual Report Download - page 156
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(b) Executive further agrees and acknowledges that:
(i) He has been advised by the Company to consult with legal counsel prior to executing and delivering this Agreement and
the release provided for herein, has had an opportunity to consult with and to be advised by legal counsel of his choice, fully understands
the terms of this Agreement and release, and enters into this Agreement and release freely, voluntarily and intending to be bound;
(ii) He has been given a period of twenty-one (21) days to review and consider the terms of this Agreement, and the release
contained herein, prior to its execution and that he may use (or waive) as much of the twenty-one (21) day period as he desires; and
(iii) He may, within seven (7) days after execution and delivery, revoke this release. Revocation shall be made by delivering
a written notice of revocation to: Scott L. Thompson, President and Chief Executive Officer at the Company. For such revocation to be
effective, written notice must be received by the Chief Executive Officer at the Company no later than the close of business on the seventh
(7th) day after Executive executes this Agreement. If Executive does exercise his right to revoke this release, the Consulting Services will be
terminated and the Company shall not have any obligation to make payments or provide any benefits to Executive as set forth in this
Agreement, including without limitation those payments set forth in paragraphs 2 and 3 hereof, except as may be required under the
consolidated Omnibus Reconciliation Act of 1986 and except to the extent Executive is entitled to such benefits by reason of agreements and
plans other than this Agreement, or as required by law.
8. Successors and Binding Agreement .
(a) This Agreement shall be binding upon and inure to the benefit of the Company and any successor of or to the Company,
including, without limitation, any persons acquiring directly or indirectly all or substantially all of the business and/or assets of the Company
whether by purchase, merger, consolidation, reorganization or otherwise (and such successor shall thereafter be deemed included in the definition of
“the Company” for purposes of this Agreement), but shall not otherwise be assignable or delegable by the Company.
(b) This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors,
administrators, successors, heirs, distributees and/or legatees.
9