Attached files
Exhibit
10.229
DOLLAR
THRIFTY AUTOMOTIVE GROUP, INC.
DIRECTORS’ DEFERRED
COMPENSATION ELECTION FORM
This
deferral election (“Deferral Election”)
relates to the deferral of the portion of the Annual Equity Grant indicated
below with respect to compensation earned for services rendered during the
period from _______ through ________..
I.
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Election as to Amount
of Annual Equity Grant to be Deferred
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I hereby
irrevocably elect to defer receipt of ______% of my Annual Equity
Grant.
II.
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Election as to Time
and Manner in which Deferred Amounts shall be
Distributed
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A.
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Payment
Date
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All
amounts deferred hereunder shall be distributed to me, and such distribution
shall commence on (check one only):
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q
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(i)
______________ (MM/DD/YYYY)
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q
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(ii)
upon my ceasing to be a director on the Board of the Company
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q
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(iii)
upon the earlier of (i) or (ii) above.
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Option to
receive all amounts deferred hereunder, or for distribution of such amounts to
commence on a Change in Control of the Company, as defined in the Company’s
Second Amended and Restated Long-Term Incentive Plan and Director Equity
Plan. In the event of a Change in Control:
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q
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I
wish to receive all amounts deferred hereunder, or for distribution of
such amounts to commence on such Change in Control.
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q
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I
wish to receive all amounts deferred hereunder pursuant to my elections
above, and do not wish to accelerate such payment in the event of a Change
in Control.
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B.
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Manner of
Distribution
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I elect
to receive distributions pursuant to this Deferral Election as follows (check
one only):
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q
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in
a lump sum
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q
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in
_____ equal annual installments (up to 10).
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III.
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Representations
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1.
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I
did not look to, or rely in any manner upon, the Company or any of its
affiliates, officers, employees or representatives for advice about tax,
financial or legal consequences of making this Deferral Election, and none
of the Company or any of
its affiliates, officers, employees or representatives has made or is
making any representations to me about, or guaranties of, tax, financial,
operations or legal outcomes of making this Deferral
Election.
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2.
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The
Company has recommended that I consult, and I have to the extent I have
deemed it necessary or advisable consulted, with my tax, financial and/or
legal advisors with respect to the tax and other consequences of
participating in the Plan.
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3.
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I
understand that any compensation which I defer pursuant to this election
may be subject to certain employment taxes on a current basis, such as
taxes under the Federal Insurance Contributions (Social Security) Act and
any amount deferred shall be less any required contributions with respect
thereto.
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SIGNED
this
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day
of
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,
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By:
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||||||
Name:
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ACKNOWLEDGED
this
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day
of
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,
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,
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by
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DOLLAR
THRIFTY AUTOMOTIVE GROUP, INC.
By:
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Name:
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Title:
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