Budget Group definition

Budget Group means for each applicant, the following family members living with the applicant: the applicant’s spouse, the applicant’s minor unmarried children, the siblings of children in the home when the applicant child and siblings do not have income of their own, and each of the applicant’s financially responsible adults as indicated by the family including natural, adoptive, and step-parents. Children with SSI or Families First are not included in a budget group.

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Budget Group mean Team Rental Group, Inc., including its subsidiaries after giving effect to the Acquisition (as defined below); (ii) the term "Company" mean Team Rental Group, Inc. prior to the Acquisition, on a stand-alone basis and excluding any subsidiaries; (iii) the term "BRACC" mean Budget Rent a Car Corporation, prior to the Acquisition, on a stand-alone basis and excluding any subsidiaries; (iv) the term "Resulting Company" mean Team Rental Group, Inc. after giving effect to the Acquisition, on a stand-alone basis and excluding any subsidiaries; and (v) the term "Subsidiaries" mean all significant subsidiaries of the Resulting Company, as defined in Rule 1-02(w) of Regulation S-X promulgated under the Securities Act of 1933 (each of the Subsidiaries referred to in this clause (v), a "Subsidiary"). The Company hereby agrees with the several Managers as follows:

Budget Group means for each applicant, the following family members living with the applicant: the applicant’s spouse, the applicant’s minor unmarried children, the siblings

Examples of Budget Group in a sentence

• If the provisions of this amendment (as set forth below) are acceptable to you, please sign and date one copy of this amendment in the space provided at the end of this letter and return the same to ▇▇▇▇ Sera, Senior Vice President and Corporate Secretary of Avis Budget Group, Inc., for the Company’s records.

• Avis Budget Group operates most of its car rental offices in North America, Europe and Australasia directly, and operates primarily through licensees in other parts of the world.

• The undersigned hereby certify, solely in their capacities as [•] of Avis Budget Group, Inc.

• No Benefit Plan is a single-employer plan (as defined in section 3(41) of ERISA) subject to Title IV or section 302 of ERISA except the Budget Group, Inc.

• For purposes of this Section, “incentive income” means income received by the Executive from any awards granted under the Company’s annual incentive program and long-term incentive program, including under the Avis Budget Group, Inc.

• In addition, outstanding awards to purchase common stock of the Company and common stock of Avis Budget Group, Inc.

• Such notices or communications must be sent to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 15): If to Parent, addressed to it at: Avis Budget Group, Inc.

• Avis Budget Finance plc Avis Budget Group BSC Korlátolt Felelõsségû Társaság Avis Budget Group Limited Avis Budget Group Pty Limited Avis Budget Holdings LLC Avis Budget International Financing, S.á ▇.▇.

• Budget Group will assume the Ryder TRS fleet debt of $266 million as well as public notes of $175 million.

• Budget Group, through subsidiary companies and their franchisees, operates Budget Car and Truck Rental, the third largest car and truck rental system in the world.