Document:

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                                                                   Exhibit 10.29

                       AMENDMENT OF 2004 EQUITY INCENTIVE
                       COMPENSATION PLAN AND EQUITY AWARDS

     The GATX Corporation 2004 Equity Incentive Compensation Plan (the "2004
Plan") is hereby amended in the particulars set forth below, with such
amendments effective January 1, 2005 with respect to Awards that were
outstanding on or after January 1, 2005, but excluding Awards to the extent that
they were vested on December 31, 2004, and excluding Options and SARs to the
extent that they were exercisable on December 31, 2004. Capitalized terms used
in this amendment and not defined herein shall have the meaning set forth in the
2004 Plan.

1.   By deleting the following phrase where it appears in subsection 2.2 of the
     2004 Plan:

     "; provided, however, that the Committee, in its discretion, may establish
     an Exercise Price of an Option or SAR granted under this Section 2 that
     varies based on the stock price of a comparator group of companies or such
     other index as is selected by the Committee (resulting in an Exercise Price
     that may at times be less than the Fair Market Value of a share of Stock on
     the date of grant); and further provided that such a variable price shall
     not be used if the Committee intends that the Options or SARs would be
     Performance-Based Compensation, and the use of such variable pricing would
     preclude such treatment"

2.   By adding the following subsection 2.8 at the end of Section 2 of the Plan:

     "2.8. Limitations for 409A. Options and SARs are subject to the following,
     notwithstanding any provisions of the Award Agreements to the contrary:

     (a)  Options and SARs are amended to eliminate the Participant's right to
          receive, upon exercise of the Option or SAR with respect to a share of
          Stock, an amount (including Stock having a Fair Market Value at the
          time of exercise) greater than the excess of (i) the Fair Market Value
          of a share of Stock at the time of exercise over (ii) the exercise
          price with respect to a share covered by the Award (with the
          application of this provision to include, without limitation, the
          elimination of the right to receive such greater amount following a
          Change in Control), provided that this sentence shall not be construed
          to permit distribution of cash rather than stock upon the exercise of
          an option or SAR.

     (b)  SARs are amended to provide that in determining the value to be
          delivered upon the exercise of an SAR (including, without limitation,
          an SAR granted in connection with an Option), and the number of shares
          to be delivered upon the exercise of a stock-settled SAR, and to the
          extent that the Award does not specify the manner of determining fair
          market value on the date of exercise, such fair market value shall be
          determined in a manner that is consistent with the definition of "Fair
          Market Value" set forth in the Plan.

3.   By adding the following sentence at the end of paragraph 4.2(f) of the 2004
     Plan:

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     "However, in no event shall this paragraph (f) be construed to permit a
     modification (including a replacement) of an Option or SAR if such
     modification either: (i) would result in accelerated recognition of income
     or imposition of additional tax under Code section 409A; or (ii) would
     cause the Option or SAR subject to the modification (or cause a replacement
     Option or SAR) to be subject to Code section 409A, provided that the
     restriction of this clause (ii) shall not apply to any Option or SAR that,
     at the time it is granted or otherwise, is designated as being deferred
     compensation subject to Code section 409A."

4.   By adding the following paragraph (d) at the end of paragraph 4.5 of the
     2004 Plan:

     "(d) This subsection 4.5 and subsection 4.6 shall be subject to the
          following:

     (i)   This subsection 4.5 shall not be construed to permit the grant of an
           Option or SAR if such action would cause the Option or SAR being
           granted or the option or stock appreciation right being replaced to
           be subject to Code section 409A, provided that this paragraph (i)
           shall not apply to any Option or SAR (or option or stock appreciation
           right granted under another plan) being replaced that, at the time it
           is granted or otherwise, is designated as being deferred compensation
           subject to Code section 409A.

     (ii)  Except with respect to an Option or SAR that, at the time it is
           granted or otherwise, is designated as being deferred compensation
           subject to Code section 409A, no Option or SAR shall condition the
           receipt of dividends with respect to an Option or SAR on the exercise
           of such Award, or otherwise provide for payment of such dividends in
           a manner that would cause the payment to be treated as an offset to
           or reduction of the exercise price of the Option or SAR pursuant
           Treas. Reg. Section 1.409A-1(b)(5)(i)(E).

     (iii) Neither this subsection 4.5 nor subsection 4.6 shall be construed to
           permit a modification of an Award, or to permit the payment of a
           dividend or dividend equivalent, if such actions would result in
           accelerated recognition of taxable income or imposition of additional
           tax under Code section 409A."

5.   By adding the following sentence at the end of Section 4.6 of the 2004
     Plan:

     "Except for Options and SARs designated at the time of grant or otherwise
     as intended to be subject to Code section 409A, this subsection 4.6 shall
     not be construed to permit the deferred settlement of Options or SARs, if
     such settlement would result in deferral of compensation under Treas. Reg.
     Section 1.409A-1(b)(5)(i)(A)(3) (except as permitted in paragraphs (i) and
     (ii) of that section)."

6.   By adding the following sentence at the end of Section 7 of the 2004 Plan:

     "No amendment or termination shall be adopted or effective if it would
     result in accelerated recognition of income or imposition of additional tax
     under Code section 409A or, except as otherwise provided in the amendment,
     would cause amounts that were not otherwise subject to Code section 409A to
     become subject to section 409A."

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                                                                   Exhibit 10.30

                                GATX CORPORATION
                        CASH INCENTIVE COMPENSATION PLAN

                          (as amended January 1, 2005)

                                    SECTION 1
                                     GENERAL

     1.1. Purpose. The purpose of the GATX Corporation Cash Incentive
Compensation Plan (the "Plan") is to promote the long term financial interest of
GATX Corporation (the "Company") by (i) attracting and retaining executive
personnel possessing outstanding ability; (ii) further motivating such
individuals by means of cash incentives to achieve long-range goals; and (iii)
providing cash incentive compensation opportunities which are competitive with
those of other major corporations.

     1.2. Participation. Subject to the terms and conditions of the Plan, the
Committee shall determine and designate, from time to time, from among the
Eligible Employees, those persons who will be granted one or more Cash Incentive
Awards under the Plan, and thereby become "Participants" in the Plan.

     1.3. Operation, Administration, and Definitions. The operation and
administration of the Plan, including the Cash Incentive Awards made under the
Plan, shall be subject to the provisions of Section 4 (relating to operation and
administration). Capitalized terms in the Plan shall be defined as set forth in
the Plan (including the definition provisions of Section 8).

                                    SECTION 2
                              CASH INCENTIVE AWARD

     2.1. Designation. The Committee, from time to time in its discretion, shall
designate from among the Eligible Employees those individuals who will have an
opportunity to receive Cash Incentive Awards under the Plan for any Performance
Period, together with the amounts to be distributed in accordance with Section
3. Except as otherwise provided by the Committee, Cash Incentive Awards are
intended to be Performance-Based Compensation. Any Cash Incentive Awards
intended to be Performance-Based Compensation shall comply with the requirements
of this Section 2 to the extent such compliance is determined by the Committee
to be required for the Cash Incentive Awards to be treated as Performance-Based
Compensation. To the extent that the provisions of this Section 2 reflect the
requirements applicable to Performance-Based Compensation, such provisions shall
not apply to the portion of any Cash Incentive Award that is not intended to be
Performance-Based Compensation.

     2.2. Determination of Cash Incentive Awards. Each Cash Incentive Award that
is intended to be Performance-Based Compensation shall be determined in
accordance with the following:

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(a)  The Cash Incentive Award for each Participant for any Performance Period
     shall equal 0.75% of the Company's Total Gross Income Less Total Ownership
     Costs (as defined in Section 8) for the Performance Period.

(b)  At any time prior to the payment of a Cash Incentive Award, the Committee
     may, in its discretion, reduce the amount of such award based on such
     factors as the Committee determines appropriate.

(c)  No payment shall be made of any Cash Incentive Award that is intended to be
     Performance-Based Compensation until achievement of the applicable
     performance objectives set forth in paragraph (a) above has been certified
     by the Committee.

Any Cash Incentive Awards that are not intended to be Performance-Based
Compensation may be conditioned on any performance goals, factors, or criteria
as the Committee shall determine.

                                    SECTION 3
                                  DISTRIBUTIONS

Subject to subsection 2.2, a Participant's Cash Incentive Award for a
performance period ending in a calendar year shall be distributed to the
Participant in the following calendar year but not later than March 15 of the
following calendar year; provided, however, that for purposes of determining
compliance with Code section 409A, a payment will be considered to satisfy the
requirements of this Section3 if it is made no later than the end of the
calendar year following the end of the applicable performance period."

                                    SECTION 4
                          OPERATION AND ADMINISTRATION

     4.1. Effective Date. Subject to the approval of the stockholders of the
Company at the Company's 2004 annual meeting of its stockholders, the Plan shall
be effective as of January 1, 2004 (the "Effective Date"); provided, however,
that to the extent that Cash Incentive Awards are granted under the Plan prior
to its approval by stockholders, the Cash Incentive Awards shall be contingent
on approval of the Plan by the stockholders of the Company at such annual
meeting.

     4.2. Tax Withholding. All distributions under the Plan are subject to
withholding of all applicable taxes, and the Committee may condition the
delivery of any benefits under the Plan on satisfaction of the applicable
withholding obligations.

     4.3. Transferability. Except as otherwise provided by the Committee, Cash
Incentive Awards under the Plan are not transferable except as designated by the
Participant by will or by the laws of descent and distribution.

     4.4. Heirs and Successors. The Plan 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 benefits
deliverable to a Participant under the Plan have not been delivered

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at the time of the Participant's death, such benefits shall be delivered to the
Designated Beneficiary in accordance with the provisions of the Plan. The
"Designated Beneficiary" shall be the beneficiary or beneficiaries designated by
a Participant in a writing filed with the Committee in such form and at such
time as the Committee shall require. If a deceased Participant fails to
designate a beneficiary, or if the Designated Beneficiary does not survive the
Participant, any benefits distributable to the Participant shall be distributed
to the legal representative of the estate of the Participant. If a deceased
Participant designates a beneficiary and the Designated Beneficiary survives the
Participant but dies before the complete distribution of benefits to the
Designated Beneficiary under the Plan, then any benefits distributable to the
Designated Beneficiary shall be distributed to the legal representative of the
estate of the Designated Beneficiary.

     4.5. Agreement With Company. A Cash Incentive Award under the Plan may be
subject to such terms and conditions, not inconsistent with the Plan, as the
Committee shall, in its sole discretion, prescribe. The terms and conditions of
any Cash Incentive Award to any Participant may be reflected in such form of
written document as is determined by the Committee. A copy of such document
shall be provided to the Participant, and the Committee may, but need not
require that the Participant sign a copy of such document. Such document is
referred to in the Plan as an "Award Agreement" regardless of whether any
Participant signature is required.

     4.6. Action by Company or Subsidiary. Any action required or permitted to
be taken by the Company or any Subsidiary shall be by resolution of its board of
directors, or by action of one or more members of the board (including a
committee of the board) who are duly authorized to act for the board, or (except
to the extent prohibited by applicable law or applicable rules of any stock
exchange) by a duly authorized officer of such company.

     4.7. Gender and Number. Where the context admits, words in any gender shall
include any other gender, words in the singular shall include the plural and the
plural shall include the singular.

     4.8. Limitation of Implied Rights.

(a)  Neither a Participant nor any other person shall, by reason of
     participation in the Plan, acquire any right in or title to any assets,
     funds or property of the Company or any Subsidiary whatsoever, including,
     without limitation, any specific funds, assets, or other property which the
     Company or any Subsidiary, in its sole discretion, may set aside in
     anticipation of a liability under the Plan. A Participant shall have only a
     contractual right to the amounts, if any, payable under the Plan, unsecured
     by any assets of the Company or any Subsidiary, and nothing contained in
     the Plan shall constitute a guarantee that the assets of the Company or any
     Subsidiary shall be sufficient to pay any benefits to any person.

(b)  The Plan does not constitute a contract of employment, and selection as a
     Participant will not give any participating employee or other individual
     the right to be retained in the employ of the Company or any Subsidiary or
     the right to continue to provide services to

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     the Company or any Subsidiary, nor any right or claim to any benefit under
     the Plan, unless such right or claim has specifically accrued under the
     terms of the Plan.

     4.9. Evidence. Evidence required of anyone under the Plan may be by
certificate, affidavit, document or other information which the person acting on
it considers pertinent and reliable, and signed, made or presented by the proper
party or parties.

                                    SECTION 5
                         SOURCE OF BENEFIT DISTRIBUTIONS

     An Employer shall be liable for distribution of benefits under the Plan
with respect to any Participant to the extent that such benefits are
attributable to services rendered by the Participant to that Employer. Any
disputes relating to liability of Employers for benefit distributions shall be
resolved by the Committee.

                                    SECTION 6
                                    COMMITTEE

     6.1. Administration. The authority to control and manage the operation and
administration of the Plan shall be vested in the Compensation Committee of the
Board (the "Committee") in accordance with this Section 6, Section 303A.05 of
the NYSE Listed Company Manual and section 162(m) of the Code. The Committee
shall consist solely of three members of the Board who are not employees of the
Company or any Subsidiary. If the Committee does not exist, or for any other
reason determined by the Board, the Board may take any action under the Plan
that would otherwise be the responsibility of the Committee.

     6.2. Powers of Committee. The Committee's administration of the Plan shall
be subject to the following:

(a)  Subject to the provisions of the Plan, the Committee will have the
     authority and discretion to select from among the Eligible Employees those
     persons who shall be eligible to participate in the Plan.

(b)  The Committee will have the authority and discretion to interpret the Plan,
     to establish, amend, and rescind any rules and regulations relating to the
     Plan, and to make all other determinations that may be necessary or
     advisable for the administration of the Plan.

(c)  Any interpretation of the Plan by the Committee and any decision made by it
     under the Plan is final and binding on all persons.

     6.3. Delegation by Committee. Except to the extent prohibited by applicable
law, the Committee may allocate all or any portion of its responsibilities and
powers to any one or more of its members and may delegate all or any part of its
responsibilities and powers to any person or persons selected by it. Any such
allocation or delegation may be revoked by the Committee at any time.

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     6.4. Information to be Furnished to Committee. The Company and Subsidiaries
shall furnish the Committee with such data and information as it determines may
be required for it to discharge its duties. The records of the Company and
Subsidiaries as to an employee's or Participant's employment, termination of
employment, leave of absence, reemployment and compensation shall be conclusive
on all persons unless determined to be incorrect. Participants and other persons
entitled to benefits under the Plan must furnish the Committee such evidence,
data or information as the Committee considers desirable to carry out the terms
of the Plan.

                                    SECTION 7
                            AMENDMENT AND TERMINATION

     The Board may, at any time, amend or terminate the Plan, provided that no
amendment or termination may, in the absence of written consent to the change by
the affected Participant (or, if the Participant is not then living, the
affected beneficiary), adversely affect the rights of any Participant or
beneficiary under any Cash Incentive Award granted under the Plan prior to the
date such amendment is adopted by the Board.

                                    SECTION 8
                                  DEFINED TERMS

     In addition to the other definitions contained herein, the following
definitions shall apply:

(a)  Board. The term "Board" means the Board of Directors of the Company.

(b)  Cash Incentive Award. The term "Cash Incentive Award" means an award
     determined in accordance with Section 2 and distributable in accordance
     with Section 3.

(c)  Code. The term "Code" means the Internal Revenue Code of 1986, as amended.
     A reference to any provision of the Code shall include reference to any
     successor provision of the Code.

(d)  Eligible Employee. The term "Eligible Employee" means any key employee of
     the Company or a Subsidiary.

(e)  Employer. The term "Employer" means the Company and each of the
     Subsidiaries whose employees the Committee includes in the Plan as
     Participants.

(f)  Participant. The term "Participant" means an individual who has been
     designated by the Committee as eligible to participate in the Plan.

(g)  Performance-Based Compensation. The term "Performance-Based Compensation"
     shall have the meaning ascribed to it in section 162(m) of the Code and the
     regulations thereunder.

(h)  Performance Period. The term "Performance Period" shall mean the Company's
     fiscal year, or such other period as may be established by the Committee
     from time to time as the Performance Period.

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(i)  Subsidiary. The term "Subsidiary" means any company during any period in
     which it is a "subsidiary corporation" (as that term is defined in Code
     section 424(f)) with respect to the Company, and any other business venture
     designated by the Committee in which the Company (or any entity that is a
     successor to the Company) has a significant interest, as determined in the
     discretion of the Committee.

(j)  Total Gross Income Less Total Ownership Costs. The term "Total Gross Income
     Less Total Ownership Costs" means the Company's "Total Gross Income" less
     "Total Ownership Costs" as reported in the Company's consolidated statement
     of income (or if such amounts are not reported in the Company's statement
     of income, the line items in the Company's statement of income determined
     by the Committee to correspond thereto).

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