HTZ » Topics » ARTICLE VII AMENDMENT, TERMINATION AND DURATION
This excerpt taken from the HTZ 10-Q filed Nov 7, 2008.
AMENDMENT, TERMINATION AND DURATION
Section 7.01 Amendment,
Suspension and Termination. Except
as otherwise provided in this Section 7.01, the Board or the Committee or
the delegee of the Board or the Committee shall have the right, at any time and
from time to time, to amend, suspend or terminate the Plan in whole or in part,
for any reason or without reason, and without either the consent of or the
prior notification to any Participant, by a formal written action. No such amendment shall give the Company the
right to recover any amount paid to a Participant prior to the date of such
amendment or to cause the cessation of Severance Benefits already approved for
a Participant who has executed a Release as required under Section 3.02.
Section 7.02 Duration. Unless terminated sooner by the Board or the
Committee or the delegee of the Board or the Committee in accordance with Section 7.01,
the Plan shall continue in full force and effect until termination of the Plan
pursuant to Section 7.01.
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