SEC Contract Filing

Filing Date: 2020-05-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101-2020rsuagre.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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 <title>Exhibit</title>
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<div><a name="s8E061B8FDB06C53BF0877418B2AF514E"></a></div><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:576px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">RESTRICTED STOCK UNIT AGREEMENT</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS RESTRICTED STOCK UNIT AGREEMENT (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is entered into by and between Hertz Global Holdings, Inc., a Delaware corporation (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and the Participant (defined hereafter) pursuant to the Amended and Restated Hertz Global Holdings, Inc. 2016 Omnibus Incentive Plan, as amended from time to time (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Plan</font><font style="font-family:inherit;font-size:12pt;">&#8221;), in combination with a 2020 Long Term Incentive Award Summary (or applicable portion thereof) (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Award Summary</font><font style="font-family:inherit;font-size:12pt;">&#8221;). The Award Summary, which identifies the person to whom the restricted stock units are granted (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Participant</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and specifies the date of grant of this Award (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Grant Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and other details of this Award, and the electronic acceptance of this Agreement, are incorporated herein by reference.</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:left;text-indent:48px;"><font style="padding-bottom:16px;text-align:left;font-family:inherit;font-size:12pt;padding-right:48px;">1. </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Grant and Acceptance of Restricted Stock Units</font><font style="font-family:inherit;font-size:12pt;">. The Company hereby evidences and confirms its grant to the Participant, effective as of the Grant Date, of the number of restricted stock units (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Restricted Stock Units</font><font style="font-family:inherit;font-size:12pt;">&#8221;) set forth on the Award Summary and which shall be subject to the terms and conditions of the Plan and this Agreement. This Agreement is subordinate to, and the terms and conditions of the Restricted Stock Units granted hereunder are subject to, the terms and conditions of the Plan, which are incorporated by reference herein. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, except as expressly provided herein, the terms of the Plan shall govern. If there is any inconsistency between the terms of this Agreement and the terms of the Award Summary, the terms of this Agreement shall govern. Any capitalized terms used herein without definition shall have the meanings set forth in the Plan. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2. </font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Vesting of Restricted Stock Units</font><font style="font-family:inherit;font-size:12pt;">. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:30px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a) </font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Generally</font><font style="font-family:inherit;font-size:12pt;">. Except as otherwise provided in this Section 2, the Restriction Period applicable to the Restricted Stock Units shall lapse, if at all, in equal one-third increments on the first, second and third anniversaries of the Grant Date (each, a &#8220;Vesting Date&#8221;), subject to the continued employment of the Participant by the Company or any Subsidiary thereof through the applicable Vesting Date. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:30px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b) </font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:in