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Exhibit 10.4
AVIS BUDGET GROUP, INC.
2007 EQUITY AND INCENTIVE PLAN
FORM OF OTHER STOCK OR CASH-BASED
AWARD
[ ]
(the “Grantee”) is granted, effective as of the
day of
,
an award (the “ Bonus ”) pursuant to the 2007
Equity and Incentive Plan (the “ Plan ”) of Avis
Budget Group, Inc. (the “ Company ”). The Bonus
is subject to the terms and conditions set forth below and in the
Plan, which is incorporated in and made a part of this Bonus
Agreement (this “ Agreement ”). To the extent
that there is a conflict between the terms of the Plan and this
Agreement, the terms of the Plan shall govern. Any term not defined
herein shall have the meaning assigned to such term in the
Plan.
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(a)
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Award . The Company hereby awards Grantee the Bonus
pursuant to the Plan in the aggregate amount of
$[ ]
payable as set forth below:
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(b)
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Form of Payment
.
[ ].
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2.
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No Assignments
: This Agreement is personal to each
of the Company and Grantee. Except as provided in this
Section 2, neither the Company nor the Grantee may assign or
delegate any right or obligation hereunder without first obtaining
the written consent of the other. The Company may assign this
Agreement to any successor to all or substantially all of the
business and/or assets of the Company, provided that the
Company shall require such successor to expressly assume and agree
to perform this Agreement in the same manner and to the same extent
that the Company would be required to perform it if no such
succession had taken place. As used in this Agreement, “
Company ” shall mean the Company and any successor to
its business and/or assets, which assumes and agrees to perform the
duties and obligations of the Company under this Agreement by
operation of law or otherwise.
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3.
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Withholding Taxes
: The Company may withhold from any
and all amounts payable to Grantee hereunder such federal, state
and local taxes as may be required to be withheld pursuant to any
applicable law or regulation.
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4.
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Governing Law
: This Agreement shall be governed
by, and construed under and in accordance with, the internal laws
of the State of Delaware, without reference to rules relating to
conflicts of laws.
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5.
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Other Benefits
: The Bonus is a special incentive
award and shall not be taken into account in computing the amount
of salary or compensation for purposes of determining any
bon
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