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Exhibit 10.142
Dollar Thrifty Automotive Group, Inc.
2006 Incentive Compensation Plan Award
As Amended February 1, 2007
Value-sharing concept was approved for the 2006 Incentive Compensation Plan with an amendment to adjust the pretax profit margin for the impact of SFAS No. 133. This provided for a fixed percentage of profit, the incentive pool (12.75% of pretax profit), to be shared if results equal or exceed a threshold level of performance (5% of pretax margin). The incentive pool created by the sharing percentage is allocated to participants based on individual target award levels.
Incentive Pool & Sharing Rate
Executive |
| 3.50% |
Middle Management |
| 1.50% |
Field |
| 3.50% |
Profit Sharing |
| 4.25% |
Incentive Pool |
| 12.75% |
2006 Results
Pre-tax profit |
| $ 97,784,000 |
Pre-tax profit margin |
| 5.9% |
Incentive pool (12.75%) |
| $ 12,467,460 |
Allocation of Incentive Pool
Executive |
| 3.50% |
| 3,422,440 |
Middle Management |
| 1.50% |
| 1,466,760 |
Field |
| 3.50% |
| 3,422,440 |
Profit Sharing |
| 4.25% |
| 4,155,820 |
Incentive Pool |
| 12.75% |
| $ 12,467,460 |