Document:

Exhibit 10.29

 

[Form of Director
Indemnification Agreement]

 

INDEMNIFICATION
AGREEMENT, dated as of [•], 2006, between Hertz Global
Holdings Inc., a Delaware corporation (the “Company”), and [•]
(“Indemnitee”).

 

WHEREAS, qualified persons are reluctant to serve
corporations as directors or otherwise unless they are provided with broad
indemnification and insurance against claims arising out of their service to
and activities on behalf of the corporations; and

 

WHEREAS, the Company has determined that attracting
and retaining such persons is in the best interests of the Company’s
stockholders and that it is reasonable, prudent and necessary for the Company
to indemnify such persons to the fullest extent permitted by applicable law and
to provide reasonable assurance regarding insurance;

 

NOW, THEREFORE, the Company and Indemnitee hereby
agree as follows:

 

1.                                       Defined
Terms; Construction.

 

(a)                                  Defined
Terms. As used in this Agreement, the following terms shall have the
following meanings:

 

“Change in Control” means, and shall be deemed
to have occurred if, on or after the date of this Agreement, (i) any
“person” (as such term is used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended), other than (A) a
trustee or other fiduciary holding securities under an employee benefit plan of
the Company or any of its subsidiaries acting in such capacity, or (B) the
Investors, is or becomes the “beneficial owner” (as defined in Rule 13d-3
under said Act), directly or indirectly, of securities of the Company representing
more than 50% of the total voting power represented by the Company’s then
outstanding Voting Securities, (ii) during any period of two
consecutive years, individuals who at the beginning of such period constitute
the board of directors of the Company and any new director whose election by
the board of directors of the Company or nomination for election by the Company’s
stockholders was approved by a vote of at least two thirds (2/3) of the
directors then still in office who either were directors at the beginning of
the period or whose election or nomination for election was previously so
approved, cease for any reason to constitute a majority thereof, (iii) the
stockholders of the Company approve a merger or consolidation of the Company with
any other corporation other than a merger or consolidation that would result in
the Voting Securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into Voting Securities of the surviving entity) at least 50% of the total
voting power represented by the Voting Securities of the Company or such
surviving entity outstanding immediately after such merger or consolidation, (iv) the
stockholders of the Company approve a plan of complete liquidation of the
Company or an agreement for the sale or disposition by the Company of (in one
transaction or a series of related transactions) all or substantially all
of its assets, or (v) the Company shall file or have filed against
it, and such filing shall not be dismissed, any bankruptcy, insolvency or
dissolution proceedings,

 

 

or a trustee, administrator or creditors committee
shall be appointed to manage or supervise the affairs of the Company.

 

“Corporate Status” means the status of a person
who is or was a director (or a member of any committee of a board of
directors), officer, employee or agent (including without limitation a manager
of a limited liability company) of the Company or any of its subsidiaries, or
of any predecessor thereof, or is or was serving at the request of the Company
as a director (or a member of any committee of a board of directors), officer,
employee or agent (including without limitation a manager of a limited
liability company) of another corporation, limited liability company,
partnership, joint venture, trust or other enterprise, or of any predecessor
thereof, including service with respect to an employee benefit plan.

 

“Determination” means a determination that
either (x) there is a reasonable basis for the conclusion that
indemnification of Indemnitee is proper in the circumstances because Indemnitee
met a particular standard of conduct (a “Favorable Determination”) or (y)
there is no reasonable basis for the conclusion that indemnification of Indemnitee
is proper in the circumstances because Indemnitee met a particular standard of
conduct (an “Adverse Determination”). An Adverse Determination shall
include the decision that a Determination was required in connection with
indemnification and the decision as to the applicable standard of conduct.

 

“DGCL” means the General Corporation Law of the
State of Delaware, as amended from time to time.

 

“Expenses” means all attorneys’ fees and
expenses, retainers, court, arbitration and mediation costs, transcript costs,
fees of experts, bonds, witness fees, costs of collecting and producing
documents, travel expenses, duplicating costs, printing and binding costs,
telephone charges, postage, delivery service fees and all other disbursements
or expenses of the types customarily incurred in connection with prosecuting,
defending, preparing to prosecute or defend, investigating, being or preparing
to be a witness in, appealing or otherwise participating in a Proceeding.

 

“Independent Legal Counsel” means an attorney
or firm of attorneys competent to render an opinion under the applicable law,
selected in accordance with the provisions of Section 5(e), who has not
otherwise performed any services for the Company or any of its subsidiaries or
for Indemnitee within the last three years (other than with respect to matters
concerning the rights of Indemnitee under this Agreement or of other
Indemnitees under indemnity agreements similar to this Agreement).

 

“Investors” means collectively (i) (a) Clayton,
Dubilier & Rice Fund VII, L.P., (b) CDR CCMG Co-Investor
L.P., and (c) CD&R Parallel Fund VII, L.P., (d) ML
Global Private Equity Fund, L.P., (e) Merrill Lynch Ventures L.P.
2001, (f) CMC-Hertz Partners, L.P., (g) ML Hertz
Co-Investor, L.P.. (h) Carlyle Partners IV, L.P., (i) CEP
II

 

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Participations S.àr.l., (j) CP IV
Co-investment, L.P., and (k) CEP II U.S. Investments, L.P.; (ii) TC
Group L.L.C. (which operates under the trade name The Carlyle Group); (iii) Clayton,
Dubilier & Rice, Inc., (iv) Merrill Lynch Global
Partners, Inc., (v) any Affiliate of any thereof, including
any investment fund or vehicle managed, sponsored or advised by any thereof, (vi) any
successor in interest to any thereof.

 

“Proceeding” means a threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative
or investigative, including without limitation a claim, demand, discovery
request, formal or informal investigation, inquiry, administrative hearing,
arbitration or other form of alternative dispute resolution, including an
appeal from any of the foregoing.

 

“Voting Securities” means any securities of the
Company that vote generally in the election of directors.

 

(b)                                 Construction.
For purposes of this Agreement,

 

(i)                                     References
to the Company and any of its “subsidiaries” 
shall include any corporation, limited liability company, partnership,
joint venture, trust or other entity or enterprise that before or after the
date of this Agreement is party to a merger or consolidation with the Company
or any such subsidiary or that is a successor to the Company as contemplated by
Section 8(d) (whether or not such successor has executed and
delivered the written agreement contemplated by Section 8(d)).

 

(ii)                                  References
to “fines” shall include any excise taxes assessed on Indemnitee with respect
to an employee benefit plan.

 

(iii)                               References
to a “witness” in connection with a Proceeding shall include any interviewee or
person called upon to produce documents in connection with such Proceeding.

 

2.                                       Agreement
to Serve.

 

Indemnitee agrees to serve as a director of the Company
or one or more of its subsidiaries and in such other capacities as Indemnitee may serve
at the request of the Company from time to time, and by its execution of this
Agreement the Company confirms its request that Indemnitee serve as a director
and in such other capacities. Indemnitee shall be entitled to resign or
otherwise terminate such service with immediate effect at any time, and neither
such resignation or termination nor the length of such service shall affect
Indemnitee’s rights under this Agreement. This Agreement shall not constitute
an employment agreement, supersede any employment agreement to which Indemnitee
is a party or create any right of Indemnitee to continued employment or
appointment.

 

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3.                                       Indemnification.

 

(a)                                  General
Indemnification. The Company shall indemnify Indemnitee, to the fullest
extent permitted by applicable law in effect on the date hereof or as amended
to increase the scope of permitted indemnification, against Expenses, losses,
liabilities, judgments, fines, penalties and amounts paid in settlement
(including all interest, assessments and other charges in connection therewith)
incurred by Indemnitee or on Indemnitee’s behalf in connection with any
Proceeding in any way connected with, resulting from or relating to Indemnitee’s
Corporate Status.

 

(b)                                 Additional
Indemnification Regarding Expenses. Without limiting the foregoing, in the
event any Proceeding is initiated by Indemnitee or the Company or any of its
subsidiaries to enforce or interpret this Agreement or any rights of Indemnitee
to indemnification or advancement of Expenses (or related obligations of
Indemnitee) under the Company’s or any such subsidiary’s certificate of
incorporation or bylaws, any other agreement to which Indemnitee and the
Company or any of its subsidiaries are party, any vote of stockholders or
directors of the Company or any of its subsidiaries, the DGCL, any other
applicable law or any liability insurance policy, the Company shall indemnify
Indemnitee against all Expenses incurred by Indemnitee or on Indemnitee’s
behalf in connection with such Proceeding, whether or not Indemnitee is
successful in such Proceeding, except to the extent that the court presiding
over such Proceeding determines that material assertions made by Indemnitee in
such Proceeding were in bad faith or were frivolous.

 

(c)                                  Partial
Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for a portion of any Expenses,
losses, liabilities, judgments, fines, penalties and amounts paid in settlement
incurred by Indemnitee, but not for the total amount thereof, the Company shall
nevertheless indemnify Indemnitee for such portion.

 

(d)                                 Nonexclusivity.
The indemnification provided by this Agreement shall not be deemed exclusive of
any rights to which Indemnitee may be entitled under the Company’s
certificate of incorporation or bylaws, any agreement, any vote of stockholders
or directors, the DGCL, any other applicable law or any liability insurance
policy.

 

(e)                                  Exceptions.
Any other provision herein to the contrary notwithstanding, the Company shall
not be obligated under the Agreement to indemnify Indemnitee:

 

(i)                                     For
Expenses incurred in connection with Proceedings initiated or brought
voluntarily by the Indemnitee and not by way of defense, counterclaim or
crossclaim, except (x) as contemplated by Section 3(b), (y)
in

 

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specific cases if the
board of directors of the Company has approved the initiation or bringing of
such Proceeding, and (z) as may be required by law.

 

(ii)                                  For
any profits arising from the purchase and sale by the Indemnitee of securities
within the meaning of Section 16(b) of the Securities Exchange Act of
1934, as amended, or any similar successor statute that the Company is entitled
thereunder to recover from Indemnitee.

 

(f)                                    Subrogation.
In the event of payment under this Agreement, the Company shall be subrogated
to the extent of such payment to all of the rights of recovery of the
Indemnitee, who shall execute such documents and do such acts as the Company may reasonably
request to secure such rights and to enable the Company effectively to bring
suit to enforce such rights.

 

4.                                       Advancement
of Expenses.

 

The Company shall pay all Expenses incurred by
Indemnitee in connection with any Proceeding in any way connected with,
resulting from or relating to Indemnitee’s Corporate Status, other than a
Proceeding initiated by Indemnitee for which the Company would not be obligated
to indemnify Indemnitee pursuant to Section 3(e)(i), in advance of the
final disposition of such Proceeding and without regard to whether Indemnitee
will ultimately be entitled to be indemnified for such Expenses and without
regard to whether an Adverse Determination has been made, except as
contemplated by the last sentence of Section 5(f). Indemnitee shall repay
such amounts advanced if and to the extent that it shall ultimately be
determined in a decision by a court of competent jurisdiction from which no
appeal can be taken that Indemnitee is not entitled to be indemnified by the Company
for such Expenses. Such repayment obligation shall be unsecured and shall not
bear interest.

 

5.                                       Indemnification
Procedure.

 

(a)                                  Notice
of Proceeding; Cooperation. Indemnitee shall give the Company notice in
writing as soon as practicable of any Proceeding for which indemnification will
or could be sought under this Agreement, provided that any failure or
delay in giving such notice shall not relieve the Company of its obligations
under this Agreement unless and to the extent that (i) none of the
Company and its subsidiaries are party to or aware of such Proceeding and (ii) the
Company is materially prejudiced by such failure.

 

(b)                                 Settlement.
The Company will not, without the prior written consent of Indemnitee, which may be
provided or withheld in Indemnitee’s sole discretion, effect any settlement of
any Proceeding against Indemnitee or which could have been brought against
Indemnitee unless such settlement solely involves the payment of money by
persons other than Indemnitee and includes an unconditional release of

 

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Indemnitee
from all liability on any matters that are the subject of such Proceeding and
an acknowledgment that Indemnitee denies all wrongdoing in connection with such
matters. The Company shall not be obligated to indemnify Indemnitee against amounts
paid in settlement of a Proceeding against Indemnitee if such settlement is
effected by Indemnitee without the Company’s prior written consent, which shall
not be unreasonably withheld.

 

(c)                                  Request
for Payment; Timing of Payment. To obtain indemnification payments or
advances under this Agreement, Indemnitee shall submit to the Company a written
request therefor, together with such invoices or other supporting information
as may be reasonably requested by the Company and reasonably available to
Indemnitee. The Company shall make indemnification payments to Indemnitee no
later than 30 days, and advances to Indemnitee no later than five business days,
after receipt of the written request of Indemnitee.

 

(d)                                 Determination.
The Company intends that Indemnitee shall be indemnified to the fullest extent
permitted by law as provided in Section 3 and that no Determination shall
be required in connection with such indemnification. In no event shall a
Determination be required in connection with advancement of Expenses pursuant
to Section 4 or in connection with indemnification for Expenses incurred
as a witness or incurred in connection with any Proceeding or portion thereof
with respect to which Indemnitee has been successful on the merits or otherwise.
Any decision that a Determination is required by law in connection with any
other indemnification of Indemnitee, and any such Determination, shall be made
within 30 days after receipt of Indemnitee’s written request for
indemnification, as follows:

 

(i)                                     If
no Change in Control has occurred, (w) by a majority vote of the
directors of the Company who are not parties to such Proceeding, even though
less than a quorum, with the advice of Independent Legal Counsel, or (x)
by a committee of such directors designated by majority vote of such directors,
even though less than a quorum, with the advice of Independent Legal Counsel,
or (y) if there are no such directors, or if such directors so direct,
by Independent Legal Counsel in a written opinion to the Company and Indemnitee,
or (z) by the stockholders of the Company.

 

(ii)                                  If
a Change in Control has occurred, by Independent Legal Counsel in a written
opinion to the Company and Indemnitee.

 

The Company shall pay all Expenses incurred by
Indemnitee in connection with a Determination.

 

(e)                                  Independent
Legal Counsel. If there has not been a Change in Control, Independent Legal
Counsel shall be selected by the board of directors of the Company and approved
by Indemnitee (which approval shall not be unreasonably

 

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withheld
or delayed). If there has been a Change in Control, Independent Legal Counsel
shall be selected by Indemnitee and approved by the Company (which approval
shall not be unreasonably withheld or delayed). The Company shall pay the fees
and expenses of Independent Legal Counsel and indemnify Independent Legal
Counsel against any and all expenses (including attorneys’ fees), claims,
liabilities and damages arising out of or relating to its engagement.

 

(f)                                    Consequences
of Determination; Remedies of Indemnitee. The Company shall be bound by and
shall have no right to challenge a Favorable Determination. If an Adverse
Determination is made, or if for any other reason the Company does not make
timely indemnification payments or advances of Expenses, Indemnitee shall have
the right to commence a Proceeding before a court of competent jurisdiction to
challenge such Adverse Determination and/or to require the Company to make such
payments or advances. Indemnitee shall be entitled to be indemnified for all
Expenses incurred in connection with such a Proceeding in accordance with Section 3(b) and
to have such Expenses advanced by the Company in accordance with Section 4.
If Indemnitee fails to challenge an Adverse Determination, or if Indemnitee
challenges an Adverse Determination and such Adverse Determination has been
upheld (including, if applicable, by reason of such challenge having been
untimely) by a final judgment of a court of competent jurisdiction from which
no appeal can be taken, then, to the extent and only to the extent required by
such Adverse Determination or final judgment, the Company shall not be
obligated to indemnify or advance Expenses to Indemnitee under this Agreement.

 

(g)                                 Presumptions;
Burden and Standard of Proof. In connection with any Determination, or any
review of any Determination, by any person, including a court:

 

(i)                                     It
shall be a presumption that a Determination is not required.

 

(ii)                                  It
shall be a presumption that Indemnitee has met the applicable standard of
conduct and that indemnification of Indemnitee is proper in the circumstances.

 

(iii)                               The
burden of proof shall be on the Company to overcome the presumptions set forth
in the preceding clauses (i) and (ii), and each such presumption shall be
overcome only if the Company establishes that there is no reasonable basis to
support it.

 

(iv)                              The
termination of any Proceeding by judgment, order, finding, settlement (whether
with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a
presumption that indemnification is not proper or that Indemnitee did not meet
the applicable

 

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standard of conduct or
that a court has determined that indemnification is not permitted by this
Agreement or otherwise.

 

(v)                                 Neither
the failure of any person or persons to have made a Determination nor an
Adverse Determination by any person or persons shall be a defense to Indemnitee’s
claim or create a presumption that Indemnitee did not meet the applicable
standard of conduct, and any Proceeding commenced by Indemnitee pursuant to Section 5(f) shall
be de novo with respect to all
determinations of fact and law.

 

6.                                       Directors
and Officers Liability Insurance.

 

(a)                                  Maintenance
of Insurance. For the duration of Indemnitee’s service as a director and/or
officer of the Company, and thereafter for so long as Indemnitee shall be
subject to any pending or possible Proceeding indemnifiable hereunder, the
Company shall use commercially reasonable efforts (taking into account the
scope and amount of coverage available relative to the cost thereof) to cause
to be maintained in effect policies of directors’ and officers’ liability
insurance providing coverage for Indemnitee of the Company that is at least
substantially comparable in scope and amount to that provided by the Company’s
current policies of directors’ and officers’ liability insurance. Upon request,
the Company shall provide Indemnitee with a copy of all directors’ and officers’
liability insurance applications, binders, policies, declarations, endorsements
and other related materials, and will notify Indemnitee of any material changes
that have been made to such documents. In all policies of directors’ and
officers’ liability insurance obtained by the Company, Indemnitee shall be
named as an insured in such a manner as to provide Indemnitee the same rights
and benefits, subject to the same limitations, as are accorded to the directors
and officers of the Company most favorably insured by such policy.

 

(b)                                 Notice
to Insurers. Upon receipt of notice of a Proceeding pursuant to Section 5(a),
the Company shall give or cause to be given prompt notice of such Proceeding to
all insurers providing liability insurance in accordance with the procedures
set forth in all applicable or potentially applicable policies. The Company
shall thereafter take all necessary action to cause such insurers to pay all
amounts payable in accordance with the terms of such policies.

 

7.                                       Exculpation,
etc.

 

(a)                                  Limitation
of Liability. Indemnitee shall not be personally liable to the Company or
any of its subsidiaries or to the stockholders of the Company or any such
subsidiary for monetary damages for breach of fiduciary duty as a director of
the Company or any such subsidiary; provided, however, that the foregoing shall
not eliminate or limit the liability of the Indemnitee (i) for any
breach of the Indemnitee’s duty of loyalty to the Company or such subsidiary or
the stockholders thereof; (ii) for acts

 

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or
omissions not in good faith or which involve intentional misconduct or a
knowing violation of the law; (iii) under Section 174 of the DGCL or
any similar provision of other applicable corporations law; or (iv) for
any transaction from which the Indemnitee derived an improper personal benefit.
If the DGCL or such other applicable law shall be amended to permit further
elimination or limitation of the personal liability of directors, then the
liability of the Indemnitee shall, automatically, without any further action,
be eliminated or limited to the fullest extent permitted by the DGCL or such
other applicable law as so amended.

 

(b)                                 Period
of Limitations. No legal action shall be brought and no cause of action
shall be asserted by or in the right of the Company or any of its subsidiaries
against Indemnitee or Indemnitee’s estate, spouses, heirs, executors, personal
or legal representatives, administrators or assigns after the expiration of two
years from the date of accrual of such cause of action, and any claim or cause
of action of the Company shall be extinguished and deemed released unless
asserted by the timely filing of a legal action within such two-year period, provided
that if any shorter period of limitations is otherwise applicable to any such
cause of action, such shorter period shall govern.

 

8.                                       Miscellaneous.

 

(a)                                  Severability.
If any provision or provisions of this Agreement shall be held to be invalid,
illegal or unenforceable for any reason whatsoever:  (i) the validity, legality and
enforceability of the remaining provisions of this Agreement (including without
limitation, each portion of any section of this Agreement containing any
such provision held to be invalid, illegal or unenforceable, that is not itself
invalid, illegal or unenforceable) shall not in any way be affected or impaired
thereby and shall remain enforceable to the fullest extent permitted by law; (ii) such
provision or provisions shall be deemed reformed to the extent necessary to conform to
applicable law and to give the maximum effect to the intent of the parties
hereto; and (iii) to the fullest extent possible, the provisions of
this Agreement (including, without limitation, each portion of any section of
this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that is not itself invalid, illegal or unenforceable) shall be
construed so as to give effect to the intent manifested thereby.

 

(b)                                 Notices.
All notices, requests, demands and other communications under this Agreement
shall be in writing and shall be deemed duly given (i) on the date
of delivery if delivered personally, or by facsimile, upon confirmation of
receipt, (ii) on the first business day following the date of
dispatch if delivered by a recognized next-day courier service or (iii) on
the third business day following the date of mailing if delivered by domestic
registered or certified mail, properly addressed, or on the fifth business day
following the date of mailing if sent by airmail from a country outside of
North America, to Indemnitee as shown on the signature page of this
Agreement, to the Company at the

 

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address
shown on the signature page of this Agreement, or in either case as
subsequently modified by written notice.

 

(c)                                  Amendment
and Termination. No amendment, modification, termination or cancellation of
this Agreement shall be effective unless it is in writing signed by all the
parties hereto. No waiver of any of the provisions of this Agreement shall be
deemed or shall constitute a waiver of any other provisions hereof (whether or
not similar), nor shall such waiver constitute a continuing waiver.

 

(d)                                 Successors
and Assigns. This Agreement shall be binding upon the Company and its
respective successors and assigns, including without limitation any acquiror of
all or substantially all of the Company’s assets or business and any survivor
of any merger or consolidation to which the Company is party, and shall inure
to the benefit of the Indemnitee and the Indemnitee’s estate, spouses, heirs,
executors, personal or legal representatives, administrators and assigns. The
Company shall require and cause any such successor, by written agreement in form and
substance satisfactory to Indemnitee, expressly to assume and agree to perform this
Agreement as if it were named as the Company herein, and the Company shall not
permit any such purchase of assets or business, acquisition of securities or
merger or consolidation to occur until such written agreement has been executed
and delivered. No such assumption and agreement shall relieve the Company of
any of its obligations hereunder, and this Agreement shall not otherwise be
assignable by the Company.

 

(e)                                  Choice
of Law; Consent to Jurisdiction. This Agreement shall be governed by and
its provisions construed in accordance with the laws of the State of Delaware,
as applied to contracts between Delaware residents entered into and to be
performed entirely within Delaware, without regard to the conflict of law
principles thereof. The Company and Indemnitee each hereby irrevocably consents
to the jurisdiction of the courts of the State of Delaware for all purposes in
connection with any Proceeding which arises out of or relates to this Agreement
and agree that any action instituted under this Agreement shall be brought only
in the state courts of the State of Delaware.

 

(f)                                    Integration
and Entire Agreement. This Agreement sets forth the entire understanding
between the parties hereto and supersedes and merges all previous written and
oral negotiations, commitments, understandings and agreements relating to the
subject matter hereof between the parties hereto, provided that the provisions
hereof shall not supersede the provisions of the Company’s respective
certificates of incorporation or bylaws, any agreement, any vote of
stockholders or directors, the DGCL or other applicable law, to the extent any
such provisions shall be more favorable to Indemnitee than the provisions
hereof.

 

(g)                                 Counterparts.
This Agreement may be executed in one or more counterparts, each of which
shall constitute an original.

 

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[Remainder of this page intentionally left blank.]

 

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IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the date first above written.

 

 

	
   

  	
  HERTZ GLOBAL HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
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  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  AGREED TO AND ACCEPTED:

  	
   

  
	
   

  	
   

  
	
  INDEMNITEE:

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
								

 

12Exhibit 10.30

 

[Form of Termination
Agreement]

 

[    ], 2006

 

Clayton, Dubilier & Rice, Inc.

375 Park Avenue, 18th Floor

New York, NY 10152

Tel: (212) 407-5200

Attention: David Wasserman

 

Ladies and Gentleman:

 

Reference is made to the Consulting Agreement, dated
as of December 21, 2005 (the “CD&R Consulting Agreement”),
among Hertz Global Holdings, Inc. (formerly named CCMG Holdings, Inc.)
(the “Company”), The Hertz Corporation (“Hertz”) and Clayton,
Dubilier & Rice, Inc. (“CD&R”). The CD&R
Consulting Agreement sets forth, among other things, the fees to be paid to
CD&R by the Company and its subsidiaries for Consulting Services and
Transaction Services to be performed by CD&R or its affiliates thereunder. Capitalized
terms used but not defined herein shall have the meanings ascribed to them in
the CD&R Consulting Agreement.

 

The parties agree to terminate the CD&R Consulting
Agreement pursuant to Section 4 thereof upon the consummation of the
Company’s initial Public Offering (as defined in the Stockholders Agreement). In
connection with such termination, the Company will pay (or will cause a
subsidiary of the Company to pay) a fee of $5 million to CD&R (the “CD&R
Termination Fee”) on the closing date of the Company’s initial Public Offering
and, in consideration thereof, CD&R will waive any right to any Transaction
Fee in connection with such Public Offering. Upon payment of the CD&R
Termination Fee, the CD&R Consulting Agreement will automatically
terminate, provided that Section 3(b) and Section 3(d) thereof
shall survive solely as to any portion of any Consulting Fee or Expenses
accrued, but not paid or reimbursed, prior to such termination.

 

The termination of the CD&R Consulting Agreement
has been requested by the Company (with Majority Approval, as defined in a
Stockholders Agreement). The CD&R Consulting Agreement is being terminated in
reliance upon, and subject to, the concurrent termination of the Consulting
Agreement, dated as of December 21, 2005, among the Company, Hertz and TC
Group IV, L.L.C. (the “Carlyle Consulting Agreement”) and the Consulting
Agreement, dated as of December 21, 2005, among the Company, Hertz and
Merrill Lynch Global Partners, Inc. (the “Merrill Consulting Agreement”),
in each case in consideration of a fee in an amount equal to the CD&R
Termination Fee and on terms substantially identical to this letter agreement.

 

This letter agreement may be executed in any
number of counterparts, with each executed counterpart constituting an
original, but all together one and the same instrument. This letter agreement
sets forth the entire understanding and agreement among the parties with 

 

 

respect to the transactions contemplated herein and
supersedes and replaces any prior understanding, agreement or statement of
intent, in each case written or oral, of any kind and every nature with respect
hereto. This letter agreement is governed by and construed in accordance with
the laws of the State of New York applicable to agreements made and to be
performed within that state.

 

If the foregoing is in accordance with your
understanding and agreement, please sign and return this letter agreement,
whereupon this letter agreement shall constitute a binding agreement with
respect to the matters set forth herein.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  HERTZ GLOBAL
  HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE HERTZ
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
  Acknowledged and
  agreed as of the

  	
   

  
	
  date first above
  written:

  	
   

  
	
   

  	
   

  
	
  CLAYTON,
  DUBILIER & RICE, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
						

 

2

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