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Are there any restrictions on the ability of Avis Budget Group, Inc. to transfer funds to Budget?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| 10.6 | Fourth Amended and Restated Cooperation Agreement, dated as of December 23, 2022, by and among Avis Budget Group, Inc., SRS Investment Management, LLC and certain of its affiliates (Incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K dated December 27, 2022). |
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| 10,7 | Avis Budget Group, Inc. Amended and Restated Eguity and Incentive Plan (Incorporated by reference to Annex A to the Company's Definitive Proxy Statement on Schedule 14A, dated March 26, 2019).† |
| 10.8 | Amendment to the Avis Budget Group, Inc. Amended and Restated Equity and Incentive Plan dated October 26, 2021 (Incorporated by reference to Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q for the numericardy period ended Sectember 30, 2021, dated November 2, 2021), if |
| 10.9 | Form of Award Agreement - Restricted Stock Units (Incorporated by reference to Exhibit 10.12 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018 dated February 21, 2019),† |
| 10.10 | Form of Award Agreement - Performance Based Restricted Stock Units (incorporated by reference to Exhibit 10.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 10.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 10.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 10.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 10.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 20.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 20.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 20.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 20.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated |
| 10.11 | Form of Non-Employee Director Award Agreement - Restricted Stock Units (Incorporated by reference to Exhibit 10.14 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated February 21, 2019).† |
| 10,12 | Form of Avis Budget Group, Inc, Severance Agreement (Incorporated by reference to Exhibit 10.15 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated February 21, 2019).† |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, Item 21 references several agreements and plans involving Avis Budget Group, Inc. However, these references relate to cooperation agreements, equity and incentive plans, award agreements, and severance agreements.
None of the listed items directly address or discuss any specific restrictions on the ability of Avis Budget Group, Inc. to transfer funds to Budget. The documents primarily concern corporate governance, employee compensation, and agreements between Avis Budget Group and other entities or individuals.
Therefore, based solely on the provided excerpts, it is not possible to determine whether any restrictions exist regarding fund transfers from Avis Budget Group, Inc. to Budget. A prospective franchisee would need to consult additional sections of the FDD or directly ask the franchisor for clarification on this matter.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.