EXHIBIT 10.25
SECOND AMENDMENT TO
EMPLOYMENT CONTINUATION AGREEMENT
WHEREAS, on September 29, 1998 Dollar Thrifty Automotive Group, Inc.
(the "Company") and Xxxxxx X. Xxxxx (the Executive") entered into an
Employment Continuation Agreement (the "Agreement"), as amended by a First
Amendment thereto on April 23, 2001; and
WHEREAS, the Company and the Executive wish to amend the Agreement
pursuant to their reserved rights under Section 17 of the Agreement.
NOW, THEREFORE, the Agreement is amended as follows:
1. The last sentence of Section 4(a)of the Agreement
is deleted and amended to read as follows:
"The benefits and perquisites described in
Paragraphs (3), (4), (5), (7) and (8) of Annex A
will be provided to the Executive as described
therein."
2. A new Paragraph 8 of Annex A is added to read as
follows:
8. Club Dues; Financial, Investment and Tax
Planning. During the Continuation Period, the
Company will reimburse the Executive for his club
dues in accordance with the policies and
procedures of the Company regarding such
reimbursement of dues to its senior executives
existing immediately prior to the Change in
Control. In addition, during the Continuation
Period, the Company will arrange to provide the
Executive with financial, investment and tax
planning services in accordance with the policies
and procedures of the Company regarding the
provision of such services to its senior
executives existing immediately prior to the
Change in Control.
IN WITNESS WHEREOF, the parties have caused this Second Amendment to
the Agreement to be duly executed and delivered on the 7th day of May,
2001.
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Xxxxxx X. Xxxxx, Executive
DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.
By:______________________________________
Xxxxxxx X. Xxxxxxxxxx
Executive Vice President and Chief
Financial Officer
