Exhibit 10(b)

 

To:   John S. McKinney

 

From:   United Rentals, Inc.

 

Date:   July 21, 2004

 

Re:   Termination of Employment

 

This will confirm the following:

 

  1.   As of July 21, 2004, by mutual agreement, you have resigned as an
employee of United Rentals.

 

  2.   You have previously been granted options to acquire United Rentals common
stock. Notwithstanding anything to the contrary that may be contained in the
grant agreements for these options, the fact that you have ceased to be an
employee of United Rentals will not accelerate the termination or expiration of
any of these options. For the sake of clarity, it is specified that the other
terms of these options (including, without limitation, the exercise price and
the scheduled expiration date) remain unchanged.

 

  3.   The provisions of the preceding paragraph were approved by the
compensation committee of the United Rentals board of directors on July 20,
2004.

 

 

United Rentals, Inc.

By:  

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    John N. Milne     President and Chief Financial Officer

 

 

Please confirm your resignation by signing below and faxing a copy back to Joe
Ehrenreich at 212-986-2399.

 

 

 

 

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John S. McKinney