Amendment to Hertz Global Holdings, Inc. Severance Plan for Senior Executives

Contract Categories: Human Resources › Severance Agreements
Summary

Hertz Global Holdings, Inc. has amended its Severance Plan for Senior Executives, effective February 25, 2016. The amendment updates Annex A of the plan, specifying new severance factors and periods for certain executive positions. Group President RAC International is now eligible for a severance factor of 2.0 and a severance period of 24 months, while the Chief Executive Officer, Senior Executive Vice President, and Executive Vice President are eligible for a severance factor of 1.5 and a severance period of 18 months.

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EX-10.10.4 9 a2015hgh10-kexhibit10104.htm EXHIBIT 10.10.4 Exhibit




Amendment to the
Hertz Global Holdings, Inc.
Severance Plan for Senior Executives

Hertz Global Holdings, Inc. currently maintains the Hertz Global Holdings, Inc. Severance Plan for Senior Executives (the “Plan”). Pursuant to the powers of amendment in Section 7.01 of the Plan, effective as of February 25, 2016, Hertz Global Holdings, Inc. hereby amends the Plan in the following manner:

Annex A of the Plan is amended and restated to read as follows:
Annex A
Positions
Severance Factor
Severance Period
Group President RAC International
2.0
24 months
Chief Executive Officer, Senior Executive Vice President, Executive Vice President
1.5
18 months