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

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Summary

Hertz Global Holdings, Inc. has amended its Severance Plan for Senior Executives, effective February 11, 2013. The amendment updates Annex A of the plan, specifying new severance factors and periods for certain executive positions, including Group Presidents and Senior Executive Vice Presidents. The changes outline the duration and calculation of severance benefits for these roles if their employment ends under qualifying circumstances.

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EX-10.11.3 10 exhibit10113.htm HGH EXHIBIT 10.11.3 Exhibit 10.11.3
Exhibit 10.11.3

 

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 reserved in Section 7.01 of the Plan, effective as of February 11, 2013, Hertz Global Holdings, Inc. hereby amends the Plan in the following manner:
Annex A of the Plan is amended to read as follows:


Positions


Severance Factor

Severance Period

Group President RAC Americas, Group President RAC International, Group President HERC


2.0

24 months

Senior Executive Vice President and Chief Financial Officer, Executive Vice President, Controller


1.5

18 months