Document:

<PAGE>

                                                                    EXHIBIT 10.8
                                    EXECUTIVE
                               LONG TERM INCENTIVE
                                COMPENSATION PLAN

THE HERTZ CORPORATION
JANUARY, 2005
<PAGE>

                              THE HERTZ CORPORATION
                       EXECUTIVE LONG TERM INCENTIVE PLAN

A.       PURPOSE:

         The purpose of the Hertz Long Term Incentive Plan ("Plan") is to
         motivate certain executives with compensation conditioned upon the
         achievement of the Company's financial goals and long-term success.

B.       ADMINISTRATION OF THE PLAN:

         The Plan is administered by the Compensation Committee of the Board of
         Directors ("Committee").

         The Committee will determine the performance categories to be measured,
         establish target levels against which performance in each category will
         be measured, approve aggregate and individual target awards, evaluate
         performance against the target levels, approve final individual awards,
         interpret the provisions of the Plan, and establish such rules and
         procedures as may be necessary to implement and administer the Plan.

C.       ELIGIBILITY:

         Officers and other key executives of Hertz, as recommended by
         management and approved by the Committee, are eligible to participate
         in the Plan.

         New participants are eligible for grants (target awards) made on or
         after the first day of the calendar year in which such participant
         first becomes eligible. No adjustment will be made to the outstanding
         grants of persons promoted to a higher level position during a
         performance period, except as approved by the Committee. Such
         promotions will be considered in determining the size of the target
         awards for future performance periods.

D.       PERFORMANCE PERIODS:

         Performance periods generally will cover five years. The initial five
         year performance period began on January 1, 1991 and ended on December
         31, 1994. A new five year performance period will begin on January 1 of
         each year thereafter.

E.       TARGET AWARD GRANTS:

         Dollar values for target awards will be established consistent with
         competitive long-term incentive and total compensation values.
         Aggregate target values are set to provide competitive compensation for
         100% achievement of the performance target for each performance
         category.
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                                                                               2

         Individual target awards will be based on each participant's
         performance and expected contribution to the company's success. Each
         participant will be advised of the dollar value of the target award
         granted to him/her, the performance categories and the target levels of
         performance established for each category for the performance period.

F.       TRANSITION GRANTS:

         Transition Grants will be made to new participants, which will
         "phase-in" the new participant as follows:

         -        25% of Target Award Grant in first year of participation

         -        50% of Target Award Grant in second year of participation

         -        75% of Target Award Grant in third year of participation

         -        100% of Target Award Grant in fourth year of participation

         Variations in this phase-in schedule may be made with the approval of
         the Committee.

G.       PERFORMANCE CATEGORIES AND PERFORMANCE TARGETS:

         Awards under the Plan will be based on achievement of quantitative and
         qualitative performance targets for the categories of Hertz performance
         shown below with their respective weights:

<TABLE>
<CAPTION>
                PERFORMANCE CATEGORIES                                                             WEIGHT
                ----------------------                                                             ------
<S>                                                                                                <C>
                NET INCOME: compound annual percent improvement relative to Net Income averaged       70%
                for the S&P 500.

                MARKET SHARE: achievement of (a) targeted US Rent A Car market share at the top       30%
                twenty airports, and (b) targeted market share gap between Hertz and the leading
                competitor at the top twenty airports.
</TABLE>

         NET INCOME: For each performance period, Hertz' average annual
         percentage change in net income will be compared with the annual
         percentage change for S&P 500. To emphasize consistent, long-term
         growth, results will be weighted as shown below for the initial
         four-year performance period.
<PAGE>
                                                                               3

<TABLE>
<CAPTION>
                                                                                      Weight
                                                                                      ------
<S>                                                                                   <C>
                Average change for the full performance period                          35%
                Average change for the last four years of the performance period        25%
                Average change for the last three years of the performance period       20%
                Average change for the last two years of the performance period         20%
                                                                                        ---
                                                                                       100%
</TABLE>

           MARKET SHARE - The Committee will evaluate performance in relation to
           targets established for market share and market share gap to
           determine the percentage achievement for each year and the total
           performance period based on quantitative data and other factors it
           considers to be relevant.

                  PERFORMANCE TARGETS MAY BE ADJUSTED BY THE COMMITTEE DURING A
                  PERFORMANCE PERIOD CONSIDERING FACTORS IT DEEMS RELEVANT TO
                  MAINTAIN THE INCENTIVE VALUE OF THE PLAN.

H.       DETERMINATION OF FINAL AWARDS:

         Final awards will be determined and submitted for approval of the
         Committee as soon as practicable after the end of each performance
         period. Payments will be made not later than 180 days following the end
         of a performance period. The award is based on the performance achieved
         against the target for each performance category and other factors
         deemed relevant by the Committee. The awards for each performance
         category can range from 0 to 200% of the target for that category. In
         each case, performance results and award entitlement in each category
         stand alone and the sum of awards generated in each category will
         determine the final award paid to each participant.

I.       TERMINATION OF EMPLOYMENT:

         If a participant's employment is terminated due to a company approved
         retirement, disability or death, the participant or their estate will
         be eligible for future payout based on the performance results at the
         end of each performance period where there was an approved grant in
         place. However, in the event of competitive employment (subject to
         waiver by the Committee), failure to cooperate with the company, or
         conduct inimical to the best interest of the company, all rights to
         receive a future award will cease.

         If a participant's employment is terminated for any reason except
         company-approved retirement, disability or death prior to the end of a
         performance period, all rights to receive a final award for such period
         would cease as of the date of termination, subject to waiver by the
         Committee.<PAGE>
                                                                    EXHIBIT 10.9

                              THE HERTZ CORPORATION
                    SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

     The Hertz Corporation, with its principal office at 225 Brae Boulevard,
Park Ridge, New Jersey, by action of the Compensation Committee of its Board of
Directors, adopted, effective January 1, 1999 a Supplemental Executive
Retirement Plan (the "Plan") to provide a select group of key executives and
highly compensated employees a program supplementing benefits payable to them
under The Hertz Corporation Account Balance Defined Benefit Pension Plan (the
"Retirement Plan") and other non-qualified benefit plans.

                                   ARTICLE 1

                                   DEFINITIONS

     Capitalized words and phrases used herein, but which are not defined
herein, shall have the same meaning ascribed to them in the Retirement Plan. In
addition, the following definitions shall apply for purposes of this Plan:

     1.1. Actuarial Equivalent - Shall mean a benefit or amount that replaces
another and has the same value as the benefit or amount it replaces, based on
actuarial assumptions set forth in Schedule C of the Retirement Plan.

     1.2. Affiliated Company - Shall mean (i) the Company, (ii) a member of a
controlled group of corporations of which an Employer is a member, (iii) an
unincorporated trade or business which is under common control with an Employer
as determined in accordance with Section 414 (c) of the Internal Revenue Code,
(iv) a member of an affiliated service group with any Employer as defined in
Section 414 (m) of the Internal Revenue Code or (v) any other entity that must
be aggregated with an Employer under Section 414 (o) (and Income Tax Regulations
thereunder) of the Internal Revenue Code. A corporation or an unincorporated
trade or business
<PAGE>
                                                                               2

shall not be considered an Affiliated Company for any period while it does not
satisfy clause (i), (ii), (iii), (iv) or (v) of this definition. For purposes of
this definition, a "controlled group of corporations" is a controlled group of
corporations as defined in Section 1563(a) of the Internal Revenue Code
(determined without regard to Sections 1563(a)(4) and (e)(3)(c) of the Internal
Revenue Code).

     1.3. Beneficiary - Shall mean the person so designated to receive
distributions upon or after the death of a Participant under the terms set forth
in the Retirement Plan.

     1.4. BEP - Shall mean The Hertz Corporation Benefit Equalization Plan
adopted by the Company effective January 1, 1996, as amended from time to time.

     1.5. Board - Shall mean the Board of Directors of the Company.

     1.6. Committee - Shall mean the Pension and Welfare Plans Administration
Committee appointed by the Board.

     1.7. Company - Shall mean The Hertz Corporation.

     1.8. Compensation Committee - Shall mean the Compensation Committee of the
Board.

     1.9. Employee - Shall mean any person employed by an Affiliated Company.

     1.10. Final Average Earnings - Shall mean the Participant's average annual
compensation for the five (5) consecutive Plan Years while a Member of the
Retirement Plan, in which he received the greatest amount of annual compensation
within the ten most recent Plan Years. Compensation for this purpose is
determined in accordance with the Retirement Plan but without regard to Section
401 (a) (17) of the Internal Revenue Code.

     1.11. Normal Retirement Date - Shall mean the first day of the month
coincident with or next following a Participant's 65th birthday.
<PAGE>
                                                                               3

     1.12. Participant - Shall mean an Employee who meets the participation
requirements of Article 2.

     1.13. Plan Year - Shall mean the calendar year.

     1.14. Prior Plan - Shall mean the Retirement Plan for the Employees of the
RCA Corporation and Subsidiary Companies as in effect on August 30, 1985.

     1.15. Retirement Plan - Shall mean the Retirement Plan for the Employees of
The Hertz Corporation (renamed and amended effective as of January 1, 1987 as
The Hertz Corporation Account Balance Defined Benefit Pension Plan), as amended
from time to time.

     1.16. Supplemental Benefit - Shall mean the benefit payable to a
Participant or his Beneficiary pursuant to this Plan.

     1.17. Years of Benefit Service - Shall mean the sum of the Years of
Credited Service accrued under the Retirement Plan through June 30, 1987 and the
years and months of service while an active Member of the Retirement Plan after
June 30, 1987, where a period of twelve (12) calendar months of service (which
need not be consecutive) shall be considered a Year of Benefit Service and a
period of less than twelve (12) calendar months shall be credited as a partial
Year of Benefit Service equal to a fraction, the numerator of which is the
number of such months of service, and the denominator of which is twelve (12). A
Participant will be credited with a month of service for each calendar month in
which he is credited with an Hour of Service under the Retirement Plan.

                                   ARTICLE 2

                            PARTICIPATION IN THE PLAN

     2.1. An Employee shall become eligible for participation in this Plan if
the employee is designated as so eligible by the Company's Senior. Vice
President, Employee Relations, in his
<PAGE>
                                                                               4

sole and absolute discretion. An eligible Employee shall become a Participant
in the Plan upon the designation of the Company's Chief Executive Officer, in
his sole and absolute discretion.

     2.2. If a Participant's job responsibilities are altered, the Company's
Chief Executive Officer, in his sole and absolute discretion, shall determine
whether the Participant shall continue to accrue benefits under this Plan after
the date of such change of responsibility.

                                   ARTICLE 3

                                     VESTING

     Notwithstanding any provision of this Plan to the contrary, the
Supplemental Benefit payable pursuant to Article 4 hereof shall be payable by
the Company only with respect to a Participant who has been credited with at
least five (5) Vesting Years of Service under the Retirement Plan and whose
employment terminates with an Affiliated Company due to death, disability or
otherwise terminates employment on or after his attainment of age fifty-five
(55).

                                   ARTICLE 4

                              SUPPLEMENTAL BENEFITS

     4.1. A Participant's Supplemental Benefit shall be equal to the excess, if
any, of (a) minus (b), plus (c) where:

          (a) is the annual benefit payable at Normal Retirement Date (or
     Retirement) based on the following formula:

          $192.00 plus 1.6% of Final Average Earnings over

          $15,660 multiplied by Years of Benefit Service;

               (1) A Participant who terminates from employment prior to his
          Normal Retirement Date and elects to defer benefit commencement under
          the Retirement Plan, shall have the benefit computed in this
          subsection 4.1 (a) reduced by 1/3 of 1% for each month that the
          distribution precedes his Normal
<PAGE>
                                                                               5

          Retirement Date; and A Participant who terminates from employment
          prior to his Normal Retirement Date and elects to commence benefits
          immediately under the Retirement Plan, shall have the benefit computed
          in the subsection 4.1 (a) reduced in accordance with the following
          schedule:

<TABLE>
<CAPTION>
                          Age at Retirement          % Reduction
                          -----------------          -----------
<S>                                                  <C>
                          60 or over                      0%
                          59                             13%
                          58                             20%
                          57                             27%
                          56                             34%
                          55                             40%
</TABLE>

               (2) The benefit in this subsection 4.1(a) is computed without
          regard to the limitations of Section 415 of the Internal Revenue Code.

          (b) is the aggregate benefit (other than the Supplemental Early
     Retirement Benefit or Optional Supplemental Early Retirement Benefit) the
     Participant is actually entitled to receive under the Retirement Plan, the
     Prior Plan, any other defined benefit plan qualified under Section 401(a)
     of the Internal Revenue Code and maintained by an Affiliated Company
     (including the portion of the benefit attributable to service before the
     Affiliated Company became such) and any non-qualified defined benefit plan
     maintained by an Affiliated Company (including, but not limited to, the
     BEP).

          For purposes of this Section 4.1, if any of the benefits described in
     paragraphs (a) and (b) are not in the form of an annuity for the life of
     the Participant with a five (5) year period certain feature, the benefit
     shall be converted to the Actuarial Equivalent of that form.

               (c) is (1) or (2) minus (3) where;

                    (1) is a supplemental early retirement benefit determined as
               follows:
<PAGE>
                                                                               6

               A Participant who terminates employment after age 60 but before
               age 65, has at least 15 Years of Service, elects immediate
               commencement of benefits and: does not elect to receive the
               optional supplemental early retirement benefit (as stated below)
               is entitled to receive a supplemental early retirement benefit
               payable monthly beginning on the day benefit distribution
               commences and ending on the last day of the month beginning after
               the month in which he attains age 65 (or, if earlier, dies). The
               amount of the monthly supplemental early retirement benefit
               depends on the number of Years of Service as follows:

<TABLE>
<CAPTION>
                                                  Supplemental Early
                          Years of Service        Retirement Benefit
                          ----------------        ------------------
<S>                                               <C>
                         15 but less than 20             $55
                         20 but less than 25             $60
                         25 but less than 30             $65
                         30 but less than 35             $70
                             35 or more                  $75
</TABLE>

                    (2) is the optional supplemental early retirement benefit
               determined as follows: A Participant who terminates employment
               after age 60 but before age 62, elects immediate commencement of
               benefits, has at least 10 Years of Service and does not elect the
               supplemental early retirement benefit (stated above), is entitled
               to receive the optional supplemental early retirement benefit
               payable monthly beginning on the day benefit distribution
               commences and ending on the last day of the month in which he
               attains age 62 (or, if earlier, dies.) The amount of the monthly
               optional supplemental early retirement benefit depends on the
               number of Years of Service as follows:
<PAGE>
                                                                               7

<TABLE>
<CAPTION>
                                              Optional Supplemental
                       Years of Service      Early Retirement Benefit
                       ----------------      ------------------------
<S>                                          <C>
                     10 but less than 15             $100
                     15 but less than 20             $140
                     20 but less than 25             $180
                     25 but less than 30             $220
                     30 or more                      $260
</TABLE>

               "Years of Service" for purposes of this Section 4.1 (c)(1) and
               (2) means, with respect to a Participant who became a Member of
               the Retirement Plan prior to July 1, 1987, "Years of Credited
               Service" as defined in Section B.6 (e) of the Retirement Plan.
               With respect to a Participant who became a Member of the
               Retirement Plan on or after July, 1, 1987, "Years of Service"
               means "Vesting Years of Service" as defined in Section 1.50 of
               the Retirement Plan.

                    (3) is the Supplemental Early Retirement Benefit or the
               Optional Supplemental Early Retirement Benefit the Participant is
               entitled to receive under the Retirement Plan.

     4.2. Subject to Section 4.3, Supplemental Benefits shall be payable at the
same time and under the same terms and conditions (including the designation of
any Beneficiary upon death) as benefits are payable under the Retirement Plan
and shall commence as of the Participant's Annuity Starting Date.
Notwithstanding the foregoing, any preretirement death benefit shall be payable
consistent with the terms and conditions of Schedule F of the Retirement Plan
(including benefits accrued after June 30, 1987), provided that a Beneficiary
may receive the Actuarial Equivalent thereof.

     4.3. The Participant shall make a separate election as to the form of
payment of Supplemental Benefits among such forms which are available under the
Retirement Plan. Such
<PAGE>
                                                                               8

election shall be made in accordance with such rules and procedures as
established by the Committee; provided, however, that unless such election is
made prior to the last day of the calendar year which is at least 12 months
prior to the Participant's Annuity Starting Date, the Participant's Supplemental
Benefit under. this Plan shall automatically be paid in the form of a annuity
distribution as soon as practicable after such Annuity Starting Date.

                                   ARTICLE 5

                                 ADMINISTRATION

     The Plan shall be administered and interpreted by the Committee. The
Committee is authorized from time to time to establish such rules and
regulations as it may deem appropriate for the proper administration of the
Plan, and to make such determinations under, and such interpretations of, and to
take such steps in connection with, the Plan as it may deem necessary or
advisable. Each determination, interpretation, or other action by the Committee
shall be in its sole discretion and shall be final, binding and conclusive for
all purposes and upon all persons.

                                   ARTICLE 6

                                     FUNDING

     The benefits payable under this Plan shall constitute an unfunded
obligation and an unsecured promise of the Company. The Plan constitutes a mere
promise by the Company to make Supplemental Benefit payments in the future.
Payments shall be made, when due, from the general funds of the Company.
Anything in this Article 6 to the contrary notwithstanding, the Company may
establish a grant or trust (or other investment or holding vehicle) to assist it
in meeting its obligations under the Plan and may provide for such investments
in connection therewith, including the purchase of insurance or annuity
contracts, as it may deem desirable; provided that any such investments shall be
subject to the claims of the Company's general
<PAGE>
                                                                               9

creditors. No person eligible for a benefit under this Plan shall have any
right, title, or interest in any assets held to assist the Company to pay
Supplemental Benefits.

                                   ARTICLE 7

                                CLAIMS PROCEDURE

     7.1. A claim for benefits under the Plan shall be made in writing to the
Committee. If such claim for benefits is wholly or partially denied by the
Committee, the Committee shall, within a reasonable period of time, but not
later than sixty (60) days after receipt of the claim, notify the claimant of
the denial of the claim. Such notice of denial shall be in writing and shall
contain:

          (a) the specific reason or reasons for denial of the claim

          (b) a reference to the relevant Plan provisions upon which the denial
     is based;

          (c) a description of any additional material or information necessary
     for the claimant to perfect the claim, together with an explanation of why
     such material or information is necessary; and

          (d) an explanation of the Plan's claim review procedure. If no such
     notice is provided, the claim shall be deemed denied.

     7.2. Upon the receipt by the claimant of written notice of denial of the
claim or in the event of a deemed denial, the claimant may within thirty (30)
days file a written request to the Committee, requesting review of the denial of
the claim, which review shall include a hearing if deemed necessary by the
Committee. In connection with the claimant's appeal of the denial of his claim,
he may review relevant documents and may submit issues and comments in writing.
The Committee shall render a decision on the claim review promptly, but no more
than thirty (30) days after the receipt of the claimant's request for review,
unless special circumstances
<PAGE>
                                                                              10

(such as the need to hold a hearing) require an extension of time, in which case
the thirty (30) day period shall be extended to sixty (60) days. Such decision
shall:

          (a) include specific reasons for the decision;

          (b) be written in a manner calculated to be understood by the
     claimant, and

          (c) contain specific references to the relevant Plan provisions upon
     both which the decision is based.

     The decision of the Committee shall be final and binding in all respects
upon both the Committee and the claimant.

                                   ARTICLE 8

                            AMENDMENT AND TERMINATION

     8.1. While the Company currently intends to maintain this Plan in
conjunction with the Retirement Plan for so long as is desirable, the Company
reserves the right to amend or to terminate this Plan by action of its
Compensation Committee, in its sole discretion, for whatever reason it may deem
appropriate. No amendment to the Plan, however, shall reduce the Supplemental
Benefits accrued as of the effective date of such amendment.

     8.2. In the event the Company terminates the Plan, a Participant's
Supplemental Benefit shall be the amount determined under Section 4.1 as of the
date of such termination.

                                   ARTICLE 9

                               GENERAL PROVISIONS

     9.1. Except as may be required by law, no benefit payable under the Plan is
subject in any manner to anticipation, assignment, garnishment, or pledge; and
any attempt to anticipate, assign, garnish or pledge the same shall be void. No
such benefits will in any manner be liable for or subject to the debts,
liabilities, engagement, or torts of any Participant or other person
<PAGE>
                                                                              11

entitled to receive the same, and if such person is adjudicated bankrupt or
attempts to anticipate, assign, or pledge any such benefits, the Committee shall
have the authority to cause the same or any part thereof to be held or applied
to or for the benefit of such Participant, his spouse, children or other
dependents, or any of them, in such manner and in such proportion as the
Committee may deem proper.

     9.2. To the extent permitted by law, the Company shall indemnify the
members of the Committee from all claims for liability, loss or damage
(including payment of expenses in connection the defense against such claim)
arising from any act or failure to act under the Plan, provided any such member
shall give the Company an opportunity, at its own expense, to handle and defend
such claims. The provisions of this Section 9.2 shall survive the termination of
the Plan.

     9.3. If a Participant or Beneficiary entitled to receive any Supplemental
Benefits is a minor or is deemed by the Committee or is adjudged to be legally
incapable of giving valid receipt and discharge for such benefits, payment of
Supplemental Benefits will be made to the duly appointed legal guardian or
representative of such minor or incompetent or to such other legally appointed
person as the Committee may designate. Such payment shall, to the extent made,
be deemed a complete discharge of any liability for such payment under the Plan.

     9.4. The Company shall have the right to deduct from any Supplemental
Benefit payments any taxes required to be withheld with respect to such
payments.

     9.5. Nothing contained in the Plan shall be construed as a contract of
employment between an Affiliated Company and any Participant, or as a right of
any Participant to be continued in the employment of an Affiliated Company, or
as a limitation on the right of an
<PAGE>
                                                                              12

Affiliated Company to terminate the employment of any of its employees, with or
without cause, and with or without notice, at any time, at the option of an
Affiliated Company.

     9.6. Any masculine personal pronoun shall be considered to mean also the
corresponding female or neuter personal pronoun, as the context requires.

     9.7. The provisions of this Plan shall be construed in accordance with the
internal substantive laws (and not the choice of law rules) of the State of New
York, except to the extent pre-empted by ERISA.
<PAGE>

                                  Amendment To
                              The Hertz Corporation
                    Supplemental Executive Retirement Plan

     The Hertz Corporation Supplemental Executive Retirement Plan (the "SERP
II"), effective January 1, 1999, and including amendments through January 1,
2002, is hereby further amended as follows, effective as of October 1, 2002:

                                    ARTICLE 3

                                     VESTING

     3.1 Notwithstanding any provision of this Plan to the contrary, the
Supplemental Benefit payable pursuant to Article 4 hereof shall be payable by
the Company only with respect to a Participant who has been credited with at
least five (5) Vesting Years of Service under the Retirement Plan and whose
employment terminates with an Affiliated Company due to death, disability or
otherwise terminates employment on or after his attainment of age fifty-five
(55).

     3.2 In the event a Participant with at least five (5) Vesting Years of
Service under the Retirement Plan who has not attained age fifty-five (55), is
terminated from employment by an Affiliated Company for reasons other than a
voluntary termination or for Cause within thirty (30) days prior to or within
one (1) year following either (i) a Change in Control or (ii) as a direct result
of a sale of assets or stock of an Affiliated Company that employs the
Participant that does not constitute a Change in Control of the Company, such
Participant shall be vested in any Supplemental Benefit accrued by such
Participant to the date of the employment termination without having attained
age fifty-five (55) at the time of such termination.

     3.3 For the purpose of this Article 3, the term "Cause" shall mean (i) any
act of dishonesty or knowing and willful breach of fiduciary duty by a
Participant which is intended to result in the Participant's personal enrichment
at the expense of the Affiliated Company; (ii) commission of a felony involving
moral turpitude or unlawful, dishonest, or unethical conduct that a reasonable
person would consider damaging to the reputation of the Affiliated Company or
improper and unacceptable conduct by an employee thereof, (iii) insubordination
or refusal to perform assigned duties or comply with the directions of the
Affiliated Company; or (iv) a material failure or inability to perform duties in
a satisfactory and competent manner or to achieve reasonable profit or
performance goals or objectives following written warning and a reasonable
opportunity to cure.

     3.4 For the purpose of this Article 3, the term "Change in Control" shall
mean (1), the direct or indirect acquisition by any person or group of persons
acting in concert, of beneficial ownership, through a purchase, merger or other
acquisition transaction or series of transactions, of securities of the Company
entitling such person or group to exercise 50% or more of the combined voting
power of the Company's securities; or (ii) the transfer, whether by sale, merger
or otherwise, of all or substantially all of the business and assets of the
Company to any person or group of persons acting in concert.
<PAGE>
                                  Amendment To
                              The Hertz Corporation
                    Supplemental Executive Retirement Plan

     The Hertz Corporation Supplemental Executive Retirement Plan (the "SERP
II"), effective January 1, 1999, and including amendments through October 1,
2002, is hereby further amended as follows, effective as of January 1, 2005:

     Notwithstanding anything contained in this Plan to the contrary, no
     otherwise permissible distribution is allowed that would trigger taxation
     of any amount under section 409(A) of the Internal Revenue Code of 1986, as
     amended.

                                  Amendment To
                              The Hertz Corporation
                            Benefit Equalization Plan

     The Hertz Corporation Benefit Equalization Plan (the "BEP"), effective
January 1, 1996, is hereby amended as follows, effective as of January 1, 2005:

     Notwithstanding anything contained, in this Plan to the contrary, no
     otherwise permissible distribution is allowed that would trigger taxation
     of any amount under section 409(A) of the Internal Revenue Code of 1986, as
     amended.
<PAGE>
                              PROPOSED AMENDMENT TO
                              THE HERTZ CORPORATION
                    SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

     The Hertz Corporation Supplemental Executive Retirement Plan, adopted
effective as of January 1, 1999 (the "Plan"), is hereby amended as follows,
effective as of January 1, 2002:

     1. Section 1.10 ("Final Average Earnings") is amended to read as follows:

     "Final Average Earnings" - Shall mean that the Participant's average annual
     compensation for the five (5) Plan Years while a Member of the Retirement
     Plan, whether or not consecutive, in which he received the greatest amount
     of annual compensation within the most recent ten (10) Plan Years.
     Compensation for this purpose is determined in accordance with the
     Retirement Plan but without regard to Section 401(a)(17) of the Internal
     Revenue Code."

     2. A new Section 1.18A ("Supplemental Retirement and Savings Plan") is
added after section 1.18 ("Supplemental Benefit") to read as follows:

     "`Supplemental Retirement and Savings Plan' - Shall mean The Hertz
     Corporation Supplemental Retirement and Savings Plan adopted by the Company
     effective July 1, 1987, as amended from time to time".

     3. Section 4.1(b) is amended to read as follows:

     "(b) is the aggregate benefit (other than the Supplemental Early Retirement
     Benefit or Optional Supplemental Early Retirement Benefit) the Participant
     is actually entitled to receive under the Retirement Plan, the Prior Plan
     any other defined benefit plan qualified under Section 401(a) of the
     Internal Revenue Code and maintained by an Affiliated Company (including
     the portion of the benefit attributable to service before the Affiliated
     Company became such) and any non-qualified defined benefit plan maintained
     by an Affiliated Company (including, but not limited, to the BEP and
     Supplemental Retirement and Savings Plan)."

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]