Table of ContentsHERC HOLDINGS INC. Many of these industries are cyclical in nature. The equipment rental industry is highly fragmented and competitive. In addition, we outsource a portion of our IT services. We may fail to respond adequately to changes in technology and customer demands. We face competition from traditional rental companies as well as our own suppliers. For a company our size, such deductibles or self-insured retention could be substantial. We may face issues with our union employees. These contracts are renegotiated periodically. We cannot assure you, however, that a court would reach the same conclusion. This could further exacerbate the risks described above. Most branches have stand-alone maintenance and fueling facilities and showrooms. Mr. Irion joined the Company in June 2018. In March 2020, the World Health Organization characterized COVID-19 as a pandemic. See "Borrowing Capacity and Availability" below for further discussion. Such obligations are reflected to the extent of their minimum non-cancelable terms. Rental equipment consists of equipment utilized in our equipment rental operations. Depreciation is recorded over the estimated holding period. The cash flows represent management\'s most recent planning assumptions. Many foreign jurisdictions impose taxes on distributions to other jurisdictions. These factors combined with the 34Table of ContentsHERC HOLDINGS INC. The assumed dividend yield is zero. Actual results could differ materially from those estimates. Deposits held at banks may exceed the amount of insurance provided on such deposits. Operating lease cost is recorded on a straight-line basis over the remaining lease term. The related liabilities are recorded on a non-discounted basis. The analysis is conducted as of October 1 each year. The Company's rental transactions are accounted for under Topic 842. Depreciation of assets held under finance leases is included in depreciation expense. Collections on the accounts receivable are used to service the borrowings. Herc is the servicer of the accounts receivable under the AR Facility. 62Table of Contents HERC HOLDINGS INC. Gross proceeds from the sale-leaseback transaction were $4.7 million. A summary of the PSU activity is presented below. A summary of the RSU activity under the Omnibus Plan is presented below. The open tax years for these jurisdictions span from 2005 to 2018. Several U.S. state and non-U.S. jurisdictions are under audit. The Company does not expect any material assessments resulting from these audits. In November 2015, Hertz Holdings moved to dismiss the third amended complaint. In September 2018, the court affirmed the dismissal of the action with prejudice. Amounts are computed independently each quarter. 001-33139) as filed on September 21, 2018).10.9.1Amendment No. Service VehicleYou will be eligible service vehicle privileges in this role. The terms of this agreement may be enforced by the Company or its successors or assigns. Such Restricted Stock Units shall be settled as provided in Section 3. ( Such shares shall be issued in uncertificated, book entry form. 2.Vesting of Restricted Stock Units. ( P,$ P,$!0@%!00$ M!0H\'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \\7&!84&!(4%13_ MVP!# F_P#CE\'E:C_S]6O\\ X#-_\\5J/_/U:_P#@,W_QR@"[15+RM1_Y M^K7_ ,! R@"[15+R=0_P"?JV_\\!F_^.43J\'_/U;?^ M S?_ ! F_\\ CE %VBJ7DZA_S]6W_@,W_P 3J\'_/U;?^ S?_ ! G@V0#6I5SJ6J+RFEP\'J]FO?%VH+E598S\'8P_Q3RX3@ =! E_P#BJ/[)@_OW/_@5+_\\ %4 7:*I?V3!_?N?_ * \'R1_6
