EXHIBIT 10.25
GATX CORPORATION
2004 EQUITY INCENTIVE COMPENSATION PLAN
RESTRICTED COMMON STOCK AGREEMENT
     THIS AGREEMENT, entered into as of the Grant Date (as defined in paragraph
1), by and between the Participant and GATX Corporation (the “Company”).
     WHEREAS, the Company maintains the GATX Corporation 2004 Equity Incentive
Compensation Plan (the “Plan”), which is incorporated into and forms a part of
this Agreement, and the Participant has been selected by the committee
administering the Plan (the “Committee”) to receive a Restricted Common Stock
Award (which is a Full Value Award) under the Plan;
     NOW, THEREFORE, IT IS AGREED, by and between the Company and the
Participant, as follows:

1.   Terms of Award. The following terms used in this Agreement shall have the
meanings set forth in this paragraph 1:       The “Participant” is Michael T.
Brooks       The “Grant Date” is January 7, 2008.

      Vesting Dates   Installment
January 7, 2009
  33.33% of Restricted Stock
January 7, 2010
  33.33% of Restricted Stock
January 7, 2011
  33.34% of Restricted Stock

    Other terms used in this Agreement are defined pursuant to paragraph 12 or
elsewhere in this Agreement. Capitalized terms not defined herein shall have the
meaning ascribed thereto in the Plan.   2.   Award. Subject to the terms of the
Plan and this Agreement the Participant is hereby granted 2,898 Restricted
Common Stock Rights (“Rights”). Six months following the Grant Date, GATX will
exchange the Rights for an equal number of shares of Restricted Common Stock.
Subject to the vesting requirements set forth in paragraph 4 hereof, the shares
of Restricted Common Stock will be issued in electronic form in the
Participant’s name and placed into a non-dividend paying book account with the
Company.   3.   Voting Rights and Dividends. The Participant shall not be
entitled to vote the Restricted Common Stock Rights. Once the shares of
Restricted Common Stock are exchanged for the Rights, the Participant shall be
entitled to vote the shares.       An account shall be established for the
Participant, to which shall be credited dividend equivalents equal to the
product of (a) the number of shares of the Participant’s Restricted Common Stock
and (b) the dividend declared on a single share of the Company’s

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    Common Stock during the vesting period described in paragraph 4 hereof. To
the extent he becomes vested in the Restricted Common Stock, the Participant
shall be entitled to a distribution of the dividend equivalents credited to his
account, subject to any adjustment made by the Committee as contemplated by
subparagraph (4)(b)(ii) hereof. All dividend equivalents paid will be considered
ordinary income and will be subject to supplemental withholding rates for
federal, state and applicable FICA taxes.   4.   Vesting, Transfer and
Forfeiture of Restricted Common Stock.

  (a)   Except as provided in paragraph (b), (i) the Participant shall become
entitled to the Restricted Common Stock which has been issued in the
Participant’s name (as set forth in paragraph 2 hereof) in three (3) equal
Installments on each of the Vesting Dates as described in paragraph 1, and the
shares shall be distributed promptly thereafter, (ii) however, if the
Participant’s Date of Termination occurs prior to such Vesting Dates, the
Participant shall forfeit all non-vested shares.     (b)   Notwithstanding the
foregoing provisions of this paragraph 4, the Participant shall become vested in
the Restricted Common Stock on each of these Vesting Dates, and become owner
thereof free of all restrictions otherwise imposed by this Agreement, as
follows:

  (i)   If the Participant’s Date of Termination occurs by reason of the
Participant’s death, Retirement or Disability, the Participant shall be entitled
to a pro rata portion of the Restricted Common Stock based on his or her length
of employment during the Restricted Period. The pro rata portion of the
Restricted Common Stock shall equal the product of:

  (A)   the number of shares of Restricted Common Stock which has been issued to
the Participant hereunder; and     (B)   a fraction (not greater than one), the
numerator of which shall be the number of months the Participant is employed by
the Company or its Subsidiaries during the period beginning on the Grant Date
and ending on the Date of Termination and the denominator of which shall be the
number of months in the Restricted Period, minus     (C)   the number of shares
of Restricted Common Stock, if any which has previously vested.

      Provided, however, that if a Participant’s Date of Termination occurs by
reason of the Participant’s death, Retirement or Disability, as described in the
first sentence of this subparagraph (i), the Committee may, in its sole
discretion, increase the number of shares of Restricted Common Stock to which
the Participant is entitled.

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      Following a distribution in accordance with this paragraph (ii), the
Participant (or the Participant’s Designated Beneficiary or estate as
appropriate) shall have no further rights under this Agreement.     (ii)   If a
Change in Control described in paragraphs 5.2(a), (b), (c) or (d) of the Plan
occurs on or before the Participant’s Date of Termination and before the end of
the Restricted Period, the Participant shall become fully vested in the shares
of Restricted Stock. These shares of Restricted Stock shall be distributed to
the Participant free and clear of all restrictions as soon as practicable
following the Change in Control, and the Participant shall have no further
rights under this Agreement.     (iii)   If a Change in Control described in
paragraph 5.2(e) of the Plan occurs with respect to a Participant as described
therein relating to certain transactions involving a subsidiary or business
segment, then as soon as practicable following the Change in Control, the
Participant shall receive a distribution, free and clear of all restrictions, of
the following number of shares of common stock as follows:

  (A)   If the Change in Control occurs during the first year of the Restricted
Period, the Participant shall be entitled to receive shares equal in number to
one-third (1/3) of his or her Restricted Stock.     (B)   If the Change in
Control occurs during the second year of the Restricted Period, the Participant
shall be entitled to receive shares equal in number to two-thirds (2/3) of his
or her Restricted Stock, minus the number of shares, if any, that have
previously vested.     (C)   If a Change in Control occurs during the third year
of the Restricted Period, such Participant shall be entitled to receive shares
equal in number to the total of all of his or her Restricted Stock, minus the
number of shares, if any, which has previously vested.

      Following a distribution in accordance with this paragraph (iv), the
Participant shall have no further rights under this Agreement.

  (c)   Restricted Common Stock may not be sold, assigned, transferred, pledged
or otherwise encumbered until the Participant becomes fully vested in such
shares.

5.   Withholding. The grant and vesting of shares of Stock under this Agreement
are subject to withholding of all applicable taxes. Subject to such rules and
limitations as may be established by the Committee from time to time, the
Participant may satisfy his or her withholding obligations through the surrender
of shares of Stock which the Participant already owns, or to which the
Participant is otherwise entitled under the Plan; provided, however, that,
except as otherwise provided by the Committee, such shares may be used to
satisfy not more than the Company’s minimum statutory withholding obligation
(based

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  on minimum statutory withholding rates for Federal and state tax purposes,
including payroll taxes, that are applicable to such supplemental taxable
income).   6.   Heirs and Successors. This Agreement shall be binding upon, and
inure to the benefit of, the Company and its successors and assigns, and upon
any person acquiring, whether by merger, consolidation, purchase of assets or
otherwise, all or substantially all of the Company’s assets and business. If any
rights of the Participant or benefits distributable to the Participant under
this Agreement have not been exercised or distributed, respectively, at the time
of the Participant’s death, such rights shall be exercisable by the Designated
Beneficiary, and such benefits shall be distributed to the Designated
Beneficiary, in accordance with the provisions of this Agreement and the Plan.
If a deceased Participant fails to designate a beneficiary, or if the Designated
Beneficiary does not survive the Participant, any rights that would have been
exercisable by the Participant and any benefits distributable to the Participant
shall be exercised by or distributed to the legal representative of the estate
of the Participant. If the Designated Beneficiary survives the Participant but
dies before the exercise of all rights or the complete distribution of benefits
under this Agreement, then any remaining rights and any remaining benefit
distribution shall be exercisable by or distributed to the legal representative
of the estate of the Designated Beneficiary.   7.   Administration. The
authority to manage and control the operation and administration of this
Agreement shall be vested in the Committee, and the Committee shall have all
powers with respect to this Agreement as it has with respect to the Plan. Any
interpretation of the Agreement by the Committee and any decision made by it
with respect to the Agreement shall be final and binding on all persons.   8.  
Plan Governs. Notwithstanding anything in this Agreement to the contrary, the
terms of this Agreement shall be subject to the terms of the Plan, a copy of
which may be obtained by the Participant from the Director, Compensation of the
Company; and this Agreement is subject to all interpretations, amendments, rules
and regulations promulgated by the Committee from time to time pursuant to the
Plan.   9.   Not an Employment Contract. The Award will not confer on the
Participant any right with respect to continuance of employment or other service
with the Company or any Subsidiary, nor will it interfere in any way with any
right the Company or any Subsidiary would otherwise have to terminate or modify
the terms of such Participant’s employment or other service at any time.   10.  
Notices. Any written notices provided for in this Agreement or the Plan shall be
in writing and shall be deemed sufficiently given if either hand delivered or if
sent by fax or overnight courier, or by postage paid first class mail. Notices
sent by mail shall be deemed received three business days after mailing but in
no event later than the date of actual receipt. Notices shall be directed, if to
the Participant, at the Participant’s address indicated by the Company’s
records, or if to the Company, to the attention of the Director, Compensation at
the Company’s principal executive office.

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11.   Amendment. This Agreement may be amended in accordance with the provisions
of the Plan, and may otherwise be amended by written agreement of the parties.  
12.   Definitions. For purposes of this Agreement, the terms used in this
Agreement shall be subject to the following:       Cause. The term “Cause” shall
mean (i) the willful and continued failure of the Participant to perform the
Participant’s duties with the Company or one of its affiliates (other than any
such failure resulting from incapacity due to physical or mental illness), or
(ii) the willful engaging by the Participant in illegal conduct or gross
misconduct in the course of his or her discharge of duties for the Company. For
purposes of this provision, no act or failure to act, on the part of the
Participant, shall be considered “willful” unless it is done, or omitted to be
done, by the Participant in bad faith or without reasonable belief, that the
Participant’s action or omission was in the best interests of the Company.      
Change in Control. The term “Change in Control” shall have the meaning ascribed
to it in Section 5 of the Plan.       Date of Termination. The term “Date of
Termination” means the first day occurring on or after the Grant Date on which
the Participant is not employed by the Company or any Subsidiary, regardless of
the reason for the termination of employment; provided that a termination of
employment shall not be deemed to occur by reason of a transfer of the
Participant between the Company and a Subsidiary or between two Subsidiaries;
and further provided that the Participant’s employment shall not be considered
terminated while the Participant is on a leave of absence from the Company or a
Subsidiary approved by the Participant’s employer.       Designated Beneficiary.
The beneficiary or beneficiaries designated by the Participant in a writing
filed with the Committee in such form and at such time as the Committee shall
require.       Disability. Except as otherwise provided by the Committee, the
Participant shall be considered to have a “Disability” during the period in
which the Participant is considered to be “disabled” as that term is defined in
the Company’s long term disability plan.       Restricted Period for the
Restricted Common Stock Units and Restricted Common Stock shall begin on the
Grant Date and end on the third anniversary of the Grant Date.       Retirement.
“Retirement” of the Participant means retirement on a “Retirement Date,” as that
term is defined in the GATX Corporation Non-Contributory Pension Plan for
Salaried Employees (the “Pension Plan”); provided that if the Participant is not
a participant in the Pension Plan, the Retirement Date shall be the date
determined by the Committee.

          IN WITNESS WHEREOF, the Participant has executed this Agreement, and
the Company has caused these presents to be executed in its name and on its
behalf, all as of the Grant Date.

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          Participant:
                                                            
 
        GATX Corporation
 
       
By:
  (SIGNATURE) [c55369c5536915.gif]    
 
       
Its:
  Chairman, President and CEO    

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