Adoption, Consent, and Third Amendment to Retirement Plan by Dollar Thrifty Automotive Group, Inc. and Thrifty Car Sales, Inc.

Summary

Dollar Thrifty Automotive Group, Inc. (DTAG) and Thrifty Car Sales, Inc. (TCS) have agreed to amend DTAG's Retirement Plan, originally adopted in 1998 and previously amended twice. Effective July 1, 2000, TCS adopts the Plan, agrees to all its terms, and will fulfill all employer obligations under it. The Plan's definition of 'Employer' is updated to include TCS. DTAG consents to TCS's adoption of the Plan. This agreement formalizes TCS's participation in the retirement plan alongside DTAG.

EX-10.22 6 0006.txt ADOPTION, CONSENT AND AMENDMENT TO RETIREMENT PLAN EXHIBIT 10.22 ADOPTION, CONSENT AND THIRD AMENDMENT TO RETIREMENT PLAN The Retirement Plan adopted by Dollar Thrifty Automotive Group, Inc. ("DTAG") on December 5, 1998, as amended by First Amendment to Retirement Plan adopted by DTAG on September 23, 1999 and Second Amendment to Retirement Plan adopted by DTAG on January 14, 2000 ("Plan") is hereby amended as of July 1, 2000 as follows: 1. Thrifty Car Sales, Inc., an Oklahoma corporation ("TCS"), by signing below, hereby adopts the Plan and agrees to be bound by all of the terms and conditions of the Plan and agrees to perform all of the obligations of an "Employer" under the Plan. 2. The definition of Employer contained in Section 1.13 of the Plan is hereby amended by adding thereto "Thrifty Car Sales, Inc." 3. DTAG, by signing below, hereby consents to the adoption by TCS of the Plan. DTAG: DOLLAR THRIFTY AUTOMOTIVE GROUP, INC., a Delaware corporation ATTEST: __________________________ By: _______________________________ Secretary Steven B. Hildebrand Executive Vice President TCS: THRIFTY CAR SALES, INC., an Oklahoma corporation ATTEST: __________________________ By: _______________________________ Secretary Name: _____________________ Title:_____________________ -1-