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Exhibit 10(p)

STANDARD FORM B OF
EXECUTIVE BONUS PLAN

[Rollins logo] Executive Offices

PERSONAL & CONFIDENTIAL

TO:   [NAME OF RECIPIENT]   FROM:   Gary W. Rollins
DATE:
 
[DATE]
 
OFFICE:
 
[TITLE OF RECIPIENT]
SUBJECT:
 
[CURRENT YEAR] EXECUTIVE BONUS PLAN
COPIES:
 
file
 
 
 
 

        I am pleased to enclose your [PREVIOUS YEAR] Executive Bonus check and
worksheet.

        Additionally, the Rollins, Inc. Board of Directors Compensation
Committee has approved your participation in a [CURRENT YEAR] Executive Bonus
Plan program and the details of your bonus opportunity are enclosed.

        This plan is designed to support shareholder interests by rewarding you
for Rollins Inc.'s achievements in the areas of Profit Improvements, Profit to
Plan, and Combined Revenues to Plan.

        You will also participate in a Home Office bonus plan for the balance of
your [CURRENT YEAR] bonus opportunity, which will be based on achievements in
department customer service and your cumulative department performance to the
[CURRENT YEAR] Home Office department budgets.

        Attached are two copies of your [CURRENT YEAR] Executive Bonus Plan.
Please keep one copy for your records and return one signed copy to Human
Resources for company record keeping purposes. Also attached is a copy of the
Agreement to Arbitrate, which, according to our Company Dispute Resolution
Policy, is a required document of every bonus-eligible employee. Please return a
signed copy of the Agreement to Arbitrate with your signed bonus plan. You are
required to sign it only once.

        With your assistance we expect [CURRENT YEAR] to be a continuation of
our profit and revenue successes that we've established over recent years. Your
individual efforts will be key to the success of the Company for our employees
and shareholders.

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[TITLE OF RECIPIENT]
Incentive Compensation Plan—[PLAN YEAR]

FOR: [NAME OF RECIPIENT]

        The elements of the plan are as follows:

1.     PROFIT TO PLAN

        The Profit to Plan element will be paid according to the following scale
up to a maximum of 15% of your annual salary:

Rollins Inc. Pre-Tax Profit
to Plan Achievement

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  Annual % of Salary

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  100%   15 % 97.5%   12.5 % 95%   10.0 % 92.5%   7.5 % 90%   5 %

        The Company must have a profit and a profit improvement for this element
to be paid.

Your CY [YEAR] Pre-Tax Profit Plan is:   $[TARGET AMOUNT]

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    Annual [YEAR]

2.     PROFIT INCREASE OVER LAST YEAR

        You will be paid [0.38% for Senior VP and Secretary, 0.38% for Chief
Financial Officer and Treasurer] of the profit increase up to the maximum of 10%
of your annual salary.

        The Company must have a profit and a profit improvement for this element
to be paid.

Your CY[LAST YEAR] Pre-Tax Adjusted Profit base was:   $            

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    Annual '0            

3.     COMBINED REVENUE TO PLANNED INCREASE

        The Revenue to Planned Increase element will be paid according to the
following scale up to a maximum of 5% of your annual salary:

Rollins Inc. Combined
Net Revenue to
Planned Increase Achievement

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  Planned Percentage Increase
over Prior Year

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  Annual % of Salary

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100%               %   5% 95 – 99.9%               %   4% 90 – 94.9%  
            %   3% 85 – 89.9%               %   2%

        The Company must have a profit and a profit improvement for this element
to be paid.

        Your CY0    Combined Revenue Plan is:

$[plan year target amt.]   $               [target percentage] Annual
'0               Actual '0               % increase

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Glossary of Terms and Conditions

200    Rollins, Inc. Executive Bonus Plan

I.     General Plan Qualifiers and Provisions

A.The plan year for this bonus is January 1, 200    to December 31,
200            .

B.Your bonus plan is subject to change each year.

C.Your bonus will be calculated using your actual current base salary as of
December 31, 200    .

D.Your eligibility for a bonus and the amount due will be determined solely by
the Company.

E.Bonus payments will be made in one lump sum no later than March 15, 200    ,
minus applicable state and federal taxes. Other deductions may apply, e.g.,
401(K) deductions, etc.

F.You must be employed in the same position on December 31, 200    to be
eligible for a bonus, except as described below in (H.)

G.You will not receive a bonus if for any reason you are in a position on
December 31, 200    that is not eligible for a bonus or if you are not actively
employed on the date that the bonus is paid.

H.If you are promoted during the plan year from one bonus-eligible position to
another bonus-eligible position, the bonus components common to both plans carry
over to the new position. Plan components unique to the original bonus-eligible
position will be paid based on time spent in the position (must be at least
50 percent of the plan year). Bonus amounts on these unique components will be
calculated at the time of the transfer based on year-to-date results.

I.If you are hired into a bonus-eligible position during the year, or if you are
promoted during the plan year from a position that is ineligible for a bonus
into a bonus-eligible position, you will be eligible for a pro-rated bonus if
you are in the bonus-eligible position for at least 50 percent of the plan year.

J.You will not receive any bonus if you falsify documents, violate company
policy or know of such actions by employees under your direction without taking
corrective actions.

K.Any disputes over your bonus will be resolved by the Compensation Committee.

L.The Compensation Committee reserves the right to reward outstanding
performance in unique situations by awarding an employee a bonus outside the
terms of the 200    Home Office Bonus Plan.

M.The actual profit from which the bonus may be determined may be subject to
adjustments as recommended by the President and approved by the Compensation
Committee for the year 200    .

N.Acquisitions over $5,000,000 in revenue will be added to the Company strategic
plan (revenue and profit) based on a pro forma of the acquisition model for
bonus calculations.

II.    Plan Components

A.General Provisions

The 200    Home Office Executive Bonus Plans divide bonus opportunity into three
components: profit to plan performance, profit increase over last year, and
combined revenue to planned increase. No bonus will be paid under any component
if Rollins Inc.'s pre-tax profit does not result in a profit improvement in
200    , as compared to 200    .

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B.Profit Increase Performance Component

If Rollins Inc.'s pre-tax profit in 200    increases compared to 200    , you
will receive a percentage of the profit increase up to the maximum allowable
percentage of salary under your bonus plan for this component.

C.Profit To Plan Performance Component

If Rollins Inc.'s pre-tax profit meets or exceeds 90% of the Company's plan in
200    , you will receive a bonus based on a scale up to the maximum allowable
percentage of salary under your bonus plan for this component. Payouts will
begin at 90% of Profit Plan and rise to 100% payout at 100% of Profit Plan.

D.Combined Revenue to Planned Increase

If Rollins Inc.'s combined revenues meet or exceed 85% of the Company's revenue
planned increase for 200    , you will receive a bonus based on a scale up to
the maximum allowable percentage of salary under your bonus plan for this
component.

ACKNOWLEDGMENT

I have received and read a copy of my Incentive Plan with the accompanying
Glossary of Terms and Conditions. I understand that participation in this Plan
should in no way be construed as a contract or promise of employment and/or
compensation. Employment is at-will, and therefore employment and compensation
can terminate, with or without cause and with or without notice, at any time at
the option of the Company or employee. I also understand that this Incentive
Plan will be subject to review, and likely to change next year.

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Plan Participant  

--------------------------------------------------------------------------------

Date

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[TITLE OF RECIPIENT]
Incentive Compensation Plan – [PLAN YEAR]
Home Office

FOR: [NAME OF RECIPIENT]

        The elements of the plan are as follows:

1.     KEY OPERATING INITIATIVES

        The Key Operating Initiatives element will be paid at 5% of your annual
salary for 100% achievement of the following Key Operating Initiative:

Meet or be under your combined departments' Expense Plan

        The Company must have a profit and a profit improvement for this element
to be paid. The stipulation as described in number 3 of Section II, C of the
attached Glossary applies to this component.

2.     INTERNAL CUSTOMER SERVICE SURVEY RESULTS

        The Internal Customer Service Survey element will be paid on a sliding
scale up to a maximum of 5% of your annual salary:

Internal Customer Service Survey Results of Consolidated Departments Reporting
to Position

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  Annual % of Salary

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            or more   5%             —               3.75%
            —               2.5% Below               0%

        The Company must have a profit and a profit improvement for this element
to be paid.

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Glossary of Terms and Conditions
200            Rollins, Inc. Executive/Home Office Bonus Plan

I.     General Plan Qualifiers and Provisions

A.The plan year for this bonus is January 1, 200            to December 31,
200            .

B.Your bonus plan is subject to change each year.

C.Your bonus will be calculated using your actual current base salary as of
December 31, 200            .

D.Your eligibility for a bonus and the amount due will be determined solely by
the Company.

E.Bonus payments will be made in one lump sum no later than March 15, 200    ,
minus applicable state and federal taxes. Other deductions may apply, e.g.,
401(K) deductions, etc.

F.You must be employed in the same position on December 31, 200            to be
eligible for a bonus, except as described below in (H.)

G.You will not receive a bonus if for any reason you are in a position on
December 31, 200            that is not eligible for a bonus or if you are not
actively employed on the date that the bonus is paid.

H.If you are promoted during the plan year from one bonus-eligible position to
another bonus-eligible position, the bonus components common to both plans carry
over to the new position. Plan components unique to the original bonus-eligible
position will be paid based on time spent in the position (must be at least
50 percent of the plan year). Bonus amounts on these unique components will be
calculated at the time of the transfer based on year-to-date results.

I.If you are hired into a bonus-eligible position during the year, or if you are
promoted during the plan year from a position that is ineligible for a bonus
into a bonus-eligible position, you will be eligible for a pro-rated bonus if
you are in the bonus-eligible position for at least 50 percent of the plan year.

J.You will not receive any bonus if you falsify documents, violate company
policy or know of such actions by employees under your direction without taking
corrective actions.

K.Any disputes over your bonus will be resolved by the Compensation Committee.

L.The Compensation Committee reserves the right to reward outstanding
performance in unique situations by awarding an employee a bonus outside the
terms of the 200            Home Office Bonus Plan.

M.The actual profit from which the bonus may be determined may be subject to
adjustments as recommended by the President and approved by the Compensation
Committee for the year 200            .

N.Acquisitions over $5,000,000 in revenue will be added to the Company strategic
plan (revenue and profit) based on a pro forma of the acquisition model for
bonus calculations.

II.    Plan Components

A.General Provisions

The 200            Executive/Home Office Bonus Plans divide bonus opportunity
into two components: customer satisfaction and key operating initiatives. No
bonus will be paid under any component if Rollins Inc.'s pre-tax profit does not
result in a profit improvement in 200            , as compared to 200    .

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B.Customer Satisfaction Component

1.The 200            Internal Customer Service Surveys will utilize a format
similar to the ones utilized in 200            .

2.Participants with this component will have this portion of their bonus
opportunity based on the weighted average rating of the departments who report
to them.

3.You will receive 100 percent of the bonus opportunity under this component if
your departments receive a weighted average rating of            or better.

4.You will receive 75 percent of the bonus opportunity under this component if
your departments receive a weighted average rating of            .

5.You will receive 50 percent of the bonus opportunity under this component if
your departments receive a weighted average rating of            in the survey.

C.Key Operating Initiatives Component

1.The purpose of this portion of the bonus plan is to recognize achievement of
specific financial and/or strategic goals.

2.Participants with this component will have this portion of their bonus
opportunity based on 100% attainment (or better) of their combined departments'
expenses to plan.

3.You will not receive any bonus for a KOI linked to your departments' expense
to plan if you intentionally understaff your departments or delay an agreed-upon
project.

ACKNOWLEDGMENT

I have received and read a copy of my Incentive Plan with the accompanying
Glossary of Terms and Conditions. I understand that participation in this Plan
should in no way be construed as a contract or promise of employment and/or
compensation. Employment is at-will, and therefore employment and compensation
can terminate, with or without cause and with or without notice, at any time at
the option of the Company or employee. I also understand that this Incentive
Plan will be subject to review, and likely to change next year.

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Plan Participant  

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Date

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STANDARD FORM B OF EXECUTIVE BONUS PLAN