Document:

Amendment No. 9

 Exhibit 10.7 
 Execution Version 
 AMENDMENT 9 TO CONTRIBUTION DEFERRAL AGREEMENT

 This Amendment 9 to the Contribution Deferral Agreement (this “Amendment 9”) is entered into as of
April 29, 2011, by and among (i) YRC INC., a Delaware corporation (“YRC”), USF HOLLAND, INC., a Michigan corporation (“Holland”), NEW PENN MOTOR EXPRESS INC., a Pennsylvania corporation (“New
Penn”), USF REDDAWAY INC., an Oregon corporation (“Reddaway”) (each of YRC, Holland, New Penn and Reddaway a “Primary Obligor”, and collectively, the “Primary Obligors”); (ii) each of
the Guarantors a party hereto (the “Guarantors”); (iii) Wilmington Trust Company, as agent (together with its successors and assigns, in such capacity, the “Agent”); and (iv) each of the Funds party
hereto. The Primary Obligors, the Guarantors, the Funds, and the Agent are herein individually referred to as a “Party” and together referred to as the “Parties.” 

RECITALS 

WHEREAS, the Primary Obligors, CS Pension Fund, certain other Funds and the Agent are party to that certain Contribution Deferral
Agreement dated as of June 17, 2009 (as further amended, modified or supplemented from time to time, the “Agreement”; capitalized terms used but not otherwise defined herein shall have the meanings given to them in the
Agreement), pursuant to which such Parties agreed that the obligations to make certain contributions otherwise due to such Funds from the Primary Obligors would be deferred; and 

WHEREAS, the Obligors and the undersigned Funds, constituting Majority Funds party to the Agreement, each desire to enter into this
Amendment 9, among other things, to amend the definition of “Documentation Condition”; 
 NOW, THEREFORE, in
consideration of the premises and the mutual covenants of the parties hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: 

ARTICLE I 
  

	 	1.	Amendment. 

1.1 The definition of “Documentation Condition” in the Agreement is hereby amended and restated in its entirety
with the following: 
 “Documentation Condition” means satisfaction of each of the following (i) the
Obligors and the Funds shall have duly executed an amendment in respect of the Restructuring to the Fund Documents, which amendment is in form and substance acceptable to each of the Primary Obligors and the Funds, each in their sole discretion,
(ii) an agreement to support the Restructuring has been signed by the Parent (on behalf of itself and all direct and indirect subsidiaries) and the Lenders (as defined by the Senior Credit Facility) having Revolving Credit Exposures (as defined
by the Senior Credit Facility), outstanding principal amount of Term Loans (as defined by the Senior Credit Facility) and unused Commitments (as defined by the Senior Credit Facility) representing at least 90% of the sum of the

 
total Revolving Credit Exposures (as defined by the Senior Credit Facility), the aggregate principal amount of Term Loans (as defined by the Senior Credit Facility) and the unused Commitments (as
defined by the Senior Credit Facility) at such time, which support agreement shall be in form and substance acceptable to the Confirming Parties, each in their sole discretion, and (iii) (a) the Teamsters National Freight Industry
Negotiating Committee of the International Brotherhood of Teamsters has provided all necessary consents to the restructuring required by the IBT MOU (as defined in the Senior Credit Facility), which consents shall be unqualified and non-contingent
other than with respect to the consummation of the Restructuring and (b) contingent only upon the occurrence of the Restructuring Closing Date, waive any termination, modification or similar rights under the IBT MOU (as defined in the Senior
Credit Facility) such that the collective bargaining agreement shall be fully binding on the parties thereto for its specified term. 
 ARTICLE II 
  

	 	2.	Conditions Precedent. 

 2.1 Amendment Effective Date. This Amendment 9 shall become effective on the date each of the following conditions is satisfied (or waived) (the “Amendment Effective Date”):

 (a) the Obligors, the Funds, consisting of Majority Funds party to the Agreement, and the Agent shall have
executed a counterpart of this Amendment 9, which may include telecopy or other electronic transmission of a signed signature page of this Amendment 9. 
 (b) The Agent and CS Pension Fund shall have received payment for all invoiced reasonable out-of-pocket expenses payable by the Primary Obligors under Section 11.01 of the Agreement. 

ARTICLE III 
  

	 	3.	Miscellaneous. 

 3.1 Agent. Pursuant to Section 11.04 of the Agreement, the undersigned Funds, constituting Majority Funds party to the Agreement, hereby authorize and direct the Agent to execute, enter into
and perform this Amendment 9. 
 3.2 Successors and Assigns. This Amendment 9 and all of the covenants and
agreements contained herein and rights, interests or obligations hereunder, by or on behalf of any of the Parties hereto, shall bind and inure to the benefit of the respective successors and assigns of the Parties hereto whether so expressed or not.

 3.3 Counterparts. This Amendment 9 may be executed simultaneously in counterparts (including by means
of telecopied or PDF signature pages), any one of 

  
 2 

 
which need not contain the signatures of more than one Party, but all such counterparts taken together shall constitute one and the same Amendment 9. 

3.4 Descriptive Headings; Interpretation. The headings and captions used in this Amendment 9 are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Amendment 9. 
 3.5
Governing Law. All issues and questions concerning the construction, validity, enforcement and interpretation of this Amendment 9 shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect
to any choice of law or conflict of law rules or provisions (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. In furtherance of the
foregoing, the internal law of the State of New York shall control the interpretation and construction of this Amendment 9 (and all schedules and exhibits hereto), even though under that jurisdiction’s choice of law or conflict of law analysis,
the substantive law of some other jurisdiction would ordinarily apply. 
 3.6 No Strict Construction. The
Parties have participated jointly in the negotiation and drafting of this Amendment 9. In the event an ambiguity or question of intent or interpretation arises, this Amendment 9 shall be construed as if drafted jointly by the Parties, and no
presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Amendment 9. 
 [SIGNATURE PAGES FOLLOW] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment 9 to be duly executed by
their respective authorized officers as of the day and year first above written. 
  

			
	YRC INC., as an Obligor
		
	 By
	 	  

		 	Name: Phil J. Gaines
		 	 Title: Senior Vice President and
Chief Financial Officer

	
	USF HOLLAND, INC., as an Obligor
		
	By	 	  

		 	Name: Terry Gerrond
		 	Title: Vice President – Tax
	
	NEW PENN MOTOR EXPRESS, INC., as an Obligor
		
	By	 	  

		 	Name: Paul F. Liljegren
		 	Title: Vice President – Finance
	
	USF REDDAWAY INC., as an Obligor
		
	By	 	  

		 	Name: Terry Gerrond
		 	Title: Vice President – Tax

  
 Signature Page
to Amendment 9 to 
 Contribution Deferral Agreement 

 
			
	YRC LOGISTICS SERVICES, INC., as a Guarantor
		
	By	 	  

	Name: Paul F. Liljegren
	Title: Vice President – Finance
	
	USF GLEN MOORE, INC., as a Guarantor
		
	By	 	  

	Name: Paul F. Liljegren
	Title: Vice President – Finance
	
	TRANSCONTINENTAL LEASE, S. DE R.L. DE C.V., as a Guarantor
		
	By	 	  

	Name: Fortino Landeros Ruiz
	Title: Legal Representative
	
	TRUSTEES for the CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND, as a Fund
		
	By	 	  

		 	Name:
		 	Title:
	
	WILMINGTON TRUST COMPANY, as Agent
		
	By	 	  

		 	Name:
		 	Title:

  
 Signature Page
to Amendment 9 to 
 Contribution Deferral Agreement 

 Execution Version 

AMENDMENT 10 TO CONTRIBUTION DEFERRAL AGREEMENT 
 This Amendment 10 to the Contribution Deferral Agreement (this “Amendment 10”) is entered into as of April 29, 2011, by and among (i) YRC INC., a Delaware corporation
(“YRC”), USF HOLLAND, INC., a Michigan corporation (“Holland”), NEW PENN MOTOR EXPRESS INC., a Pennsylvania corporation (“New Penn”), USF REDDAWAY INC., an Oregon corporation
(“Reddaway”) (each of YRC, Holland, New Penn and Reddaway a “Primary Obligor”, and collectively, the “Primary Obligors”); (ii) each of the Guarantors a party hereto (the
“Guarantors”); (iii) Wilmington Trust Company, as agent (together with its successors and assigns, in such capacity, the “Agent”); and (iv) each of the Funds party hereto. The Primary Obligors, the
Guarantors, the Funds, and the Agent are herein individually referred to as a “Party” and together referred to as the “Parties.” 
 RECITALS 
 WHEREAS, the Primary Obligors, CS Pension Fund, certain other
Funds and the Agent are party to that certain Contribution Deferral Agreement dated as of June 17, 2009 (as amended, modified or supplemented from time to time, the “Agreement”; capitalized terms used but not otherwise defined
herein shall have the meanings given to them in the Agreement), pursuant to which such Parties agreed that the obligations to make certain contributions otherwise due to such Funds from the Primary Obligors would be deferred; and 

WHEREAS, the Obligors and the undersigned Funds, constituting all of the Funds party to the Agreement, each desire to enter into this
Amendment 10, among other things, to extend the termination date of the deferral and to amend and restate the Agreement to effect changes to certain provisions in connection with the Restructuring; 

NOW, THEREFORE, in consideration of the premises and the mutual covenants of the parties hereinafter set forth, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: 

ARTICLE I 
  

	 	1.	Amendments. 

 1.1 The definition of “Deferred Payment Termination Date” in the Agreement is hereby amended by replacing clause (i) (x) thereof with the following: 

“July 22, 2011 (unless on or prior to such date the Supermajority Funds have agreed to continue deferring Monthly Amortization
Payments and Monthly Interest Payments to a date later than July 22, 2011)” 
 1.2 The proviso at the
end of Section 11.01 in the Agreement is hereby deleted and amended and restated in its entirety with the following: 

provided, that the Obligors (i) shall only be required to reimburse the reasonable costs and out-of pocket expenses of Funds
with respect to legal counsel and financial advisors pursuant to clause (b) in an amount not to exceed $1,000,000 in 

 
the aggregate after the Restructuring Closing Date and (ii) shall pay all amounts (x) owed pursuant to Section 11.01(d) upon written demand and (y) all other amounts owed
pursuant to Section 11.01 within 30 days of written demand (including documentation reasonably supporting such request). 
 1.3 Section 2.03(d) is hereby amended and restated in its entirety to read as follows: 
 “(d) Application of Prepayments. Any prepayments pursuant to Sections 2.03(a), (b) or (c) shall be applied (i) first, towards payment of Deferred
Interest, ratably among the Funds in accordance with the amounts of Deferred Interest then due to the Funds and (ii) second, towards payment of all Deferred Pension Payments, ratably among the Funds in accordance with the Deferred
Pension Payments then due to the Funds. Any optional prepayment hereunder shall be applied as between Deferred Interest and Deferred Pension Payments as directed by the Primary Obligors (but in any event ratably among the Funds in accordance with
the Deferred Pension Payments or Deferred Interest then due to the Funds, as applicable).” 
 Each of the Parties
acknowledges and agrees that the above amendment to Section 2.03(d) shall be given retroactive effect to the initial date of the Agreement. 
 1.4 The Agreement is hereby amended and restated in its entirety, including with respect to schedules and exhibits attached thereto, as set forth in Exhibit A attached hereto (the “A&R
Agreement”). 
 ARTICLE II 
  

	 	2.	Conditions Precedent. 

 2.1 Amendment Effective Date. This Amendment 10 (other than Sections 1.3 and 1.4) shall become effective on the date each of the following conditions is satisfied (or waived) (the
“Amendment Effective Date”): 
 (a) the Obligors, the Funds consisting of Supermajority Funds
party to the Agreement and the Agent shall have executed a counterpart of this Amendment 10, which may include telecopy or other electronic transmission of a signed signature page of this Amendment 10. 

(b) The Agent and CS Pension Fund shall have received payment for all invoiced reasonable out-of-pocket expenses payable
by the Primary Obligors under Section 11.01 of the Agreement (after giving effect to Sections 1.1 and 1.2). 

2.2 Amendment and Restatement Effective Date. Section 1.4 of this Amendment 10 shall become effective on the
date each of the following conditions is satisfied (or waived): 

  
 2 

 (a) The Obligors, the Funds party to the Agreement and the Agent shall have
each executed a counterpart of this Amendment 10, which may include telecopy or other electronic transmission of a signed signature page of this Amendment 10 and the Amendment Effective Date shall have occurred. 

(b) Each of the conditions set forth in Section 5.01 of the A&R Agreement shall have seen satisfied or waived in
accordance with the terms of the A&R Agreement. 
 2.3 Section 1.3 of this Amendment 10 shall become
effective on the date all of the Funds party to the Agreement and the Agent shall have each executed a counterpart of this Amendment 10, which may include telecopy or other electronic transmission of a signed signature page of this Amendment 10 and
the Amendment Effective Date shall have occurred. 
 ARTICLE III 

 

	 	3.	Miscellaneous. 

 3.1 Agent. Pursuant to Section 11.04 of the Agreement, the undersigned Funds, constituting all the Funds party to the Agreement, hereby authorize and direct the Agent to execute, enter into
and perform this Amendment 10. 
 3.2 Successors and Assigns. This Amendment 10 and all of the covenants
and agreements contained herein and rights, interests or obligations hereunder, by or on behalf of any of the Parties hereto, shall bind and inure to the benefit of the respective successors and assigns of the Parties hereto whether so expressed or
not. 
 3.3 Counterparts. This Amendment 10 may be executed simultaneously in counterparts (including by
means of telecopied or PDF signature pages), any one of which need not contain the signatures of more than one Party, but all such counterparts taken together shall constitute one and the same Amendment 10. 

3.4 Descriptive Headings; Interpretation. The headings and captions used in this Amendment 10 are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Amendment 10. 
 3.5
Governing Law. All issues and questions concerning the construction, validity, enforcement and interpretation of this Amendment 10 shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect
to any choice of law or conflict of law rules or provisions (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. In furtherance of the
foregoing, the internal law of the State of New York shall control the interpretation and construction of this Amendment 10 (and all schedules and exhibits hereto), even though under that jurisdiction’s choice of law or conflict of law
analysis, the substantive law of some other jurisdiction would ordinarily apply. 

  
 3 

 3.6 No Strict Construction. The Parties have participated jointly in
the negotiation and drafting of this Amendment 10. In the event an ambiguity or question of intent or interpretation arises, this Amendment 10 shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise
favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Amendment 10. 
 [SIGNATURE PAGES
FOLLOW] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment 10 to be duly executed by
their respective authorized officers as of the day and year first above written. 
  

			
	YRC INC., as an Obligor
		
	By	 	  

		 	        Name: Phil J. Gaines
		 	         Title: Senior Vice President
and
        Chief Financial Officer

	
	USF HOLLAND, INC., as an Obligor
		
	By	 	  

		 	        Name: Terry Gerrond
		 	        Title: Vice President – Tax
	
	NEW PENN MOTOR EXPRESS, INC., as an Obligor
		
	By	 	  

		 	        Name: Paul F. Liljegren
		 	        Title: Vice President – Finance
	
	USF REDDAWAY INC., as an Obligor
		
	By	 	  

		 	        Name: Terry Gerrond
		 	        Title: Vice President – Tax
	
	YRC LOGISTICS SERVICES, INC., as a Guarantor
		
	By	 	  

		 	        Name: Paul F. Liljegren
		 	        Title: Vice President – Finance

  
 Signature Page
to Amendment 10 to 
 Contribution Deferral Agreement 

 
			
	USF GLEN MOORE, INC., as a Guarantor
		
	By	 	  

		 	        Name: Paul F. Liljegren
		 	        Title: Vice President – Finance
	
	TRANSCONTINENTAL LEASE, S. DE R.L. DE C.V., as a Guarantor
		
	By	 	  

		 	        Name: Fortino Landeros Ruiz
		 	        Title: Legal Representative
	
	TRUSTEES for the CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	INTERNATIONAL ASSOCIATION OF MACHINISTS MOTOR CITY PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	WESTERN CONFERENCE OF TEAMSTERS PENSION TRUST, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:

  
 Signature Page
to Amendment 10 to 
 Contribution Deferral Agreement 

 
			
	TEAMSTERS LOCAL 617 PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	LOCAL 705 INTERNATIONAL BROTHERHOOD OF TEAMSTERS PENSION FUND, as a Fund

		
	By	 	  

		 	        Name:
		 	        Title:
	
	WESTERN CONFERENCE OF TEAMSTERS SUPPLEMENTAL BENEFIT TRUST FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	SUBURBAN TEAMSTERS OF NO. IL. PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	ROAD CARRIERS LOCAL 707 PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:

  
 Signature Page
to Amendment 10 to 
 Contribution Deferral Agreement 

 
			
	SOUTHWESTERN PENNSYLVANIA AND WESTERN MARYLAND TEAMSTERS & EMPLOYERS PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	HAGERSTOWN MOTOR CARRIERS AND TEAMSTERS PENSION PLAN, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	TEAMSTERS LOCAL 445 PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	I.B. of T. UNION LOCAL NO. 710 PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	NEW ENGLAND TEAMSTERS & TRUCKING INDUSTRY PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:

  
 Signature Page
to Amendment 10 to 
 Contribution Deferral Agreement 

 
			
	TEAMSTERS JC 83 PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	MANAGEMENT LABOR WELFARE & PENSION FUNDS LOCAL 1730, I.L.A. , as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	TEAMSTERS LOCAL 639 EMPLOYER’S PENSION TRUST, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	CENTRAL PENNSYLVANIA TEAMSTERS PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	TEAMSTERS LOCAL 641 PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:

  
 Signature Page
to Amendment 10 to 
 Contribution Deferral Agreement 

 
			
	TEAMSTERS PENSION TRUST FUND OF PHILADELPHIA AND VICINITY, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	FREIGHT DRIVERS AND HELPERS LOCAL 557 PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	MID-JERSEY TRUCKING IND. & TEAMSTERS LOCAL 701 PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	TRUCKING EMPLOYEES OF NORTH JERSEY WELFARE FUND INC. - PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	HAWAII TRUCKERS-TEAMSTERS UNION PENSION FUND, as a Fund a
		
	By	 	  

		 	        Name:
		 	        Title:

  
 Signature Page
to Amendment 10 to 
 Contribution Deferral Agreement 

 
			
	NEW YORK STATE TEAMSTERS CONFERENCE PENSION AND RETIREMENT FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	EMPLOYER-TEAMSTERS LOCAL NOS. 175/505 PENSION TRUST FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	WESTERN PENNSYLVANIA TEAMSTERS AND EMPLOYERS PENSION FUND, as a Fund
		
	By	 	  

		 	        Name:
		 	        Title:
	
	WILMINGTON TRUST COMPANY, as Agent
		
	By	 	  

		 	        Name:
		 	        Title:

  
 Signature Page
to Amendment 10 to 
 Contribution Deferral AgreementSeparation Agreement and Release dated March 6, 2011

 Exhibit 10.8 
 SEPARATION AGREEMENT AND RELEASE 
 This Separation Agreement and Release
(this “Agreement”) is made this 6th day of March 2011, by Sheila Taylor (“Employee”) and YRC Worldwide Inc. (the “Company”). 
 In consideration of the mutual agreements described below, the payments to Employee and other good and valuable consideration, the receipt and sufficiency of which the parties acknowledge, Employee and
the Company agree as follows: 
  

	1.	Separation. 

 Employee
agrees not to resign her employment with the Company prior to March 31, 2011, unless terminated earlier by the Company (the earlier of these dates will be referred to herein as the “Separation Date”), at which point Employee will
resign and her employment will cease. In addition to the compensation, payments and benefits provided for in this Agreement following the Separation Date, Employee shall continue to receive her current compensation and benefits until the Separation
Date. 
  

	2.	Payments. 

  

	 	A.	Subject to the terms of this Agreement, the Company shall pay Employee separation pay in the gross amount of $435,000 in ratable bi-monthly installments from the
Separation Date through March 31, 2012 (the period between the Separation Date and March 31, 2012 shall be referred to herein as the “Inactive Employment Period”). The Company will commence these separation payments with the
Company’s regular pay cycle ending on the next regular pay day after the date the Subsequent Release (as defined below) is delivered to the Company. 

  

	 	B.	Employee will receive no further wages, bonuses or other similar payments from the Company, other than salary and perquisites through the Separation Date and those
other items that this Agreement provides. 

  

	 	C.	Employee acknowledges that the only outstanding Company options that the Company has granted to Employee are as follows: 

 

											
	 Grant Date
	  	Shares	 	  	Exercise Price	 	  	 Vest Date

	 January 2, 2009
	  	 	51	  	  	$	83.50	  	  	 26 Fully Vested Today
 13 on
1/2/12 and
 12 on 1/2/13

	 May 15, 2008
	  	 	48	  	  	$	470.50	  	  	Fully Vested

 These options shall continue to
be governed by their respective stock option agreements. These options shall continue to vest under the applicable stock option agreements to the extent not already vested until the last day of the Inactive Employment Period, which shall be deemed
to be the last day of employment solely for the purpose of the applicable stock option agreements. For purposes of the applicable stock option agreements, Employee shall be deemed “terminated” on the last day of the Inactive Employment
Period. Employee acknowledges that 

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
  Page
 2
 of 14 
  

 
any options that do not vest before the end of the Inactive Employment Period will be forfeited pursuant to the applicable stock option agreements. 

 

	 	D.	Other than the options described in Section 2(C), Employee acknowledges that Employee does not have any other rights to Company equity or long term incentive
payments that the Company has granted or may in the future grant to Employee. 

  

	 	F.	Employee understands that the Company will deduct federal and state withholding taxes and other deductions the Company is required by law to make from payments
(including cash and equity) to Employee or which Employee has authorized from any payments made pursuant to this Agreement. 

  

	3.	Benefits. 

  

	 	A.	Medical, Dental and Vision. 

 The
Company shall continue Employee’s medical, dental and vision benefits (provided Employee was enrolled in the applicable plans providing those benefits on his or her Separation Date) as provided in this Section 3(A). Employee shall pay the
active employee premium for these benefits. These medical, dental and vision benefits will continue until the end of the Inactive Employment Period or when other coverage becomes available as a result of Employee’s subsequent employment,
whichever comes first. If, before the end of the Inactive Employment Period, Employee has the opportunity to be covered under another group health plan which does not contain any exclusion or limitation with respect to any preexisting condition of
Employee, the subsidy of this paragraph shall cease and Employee’s continuation coverage shall cease as well. Employee is required to notify Company of the availability of such other group coverage by letter to Harold Marshall, Vice President
Employee Benefits, YRC Worldwide Inc., 10990 Roe Avenue, Overland Park, Kansas 66211. 
  

	 	B.	Other Benefits. 

 Other benefits
to which Employee may have been entitled prior to the Separation Date (including 401(k)) will be discontinued pursuant to eligibility requirements under the specific plan document for that benefit. Any such benefits that have Consolidated Omnibus
Budget Reconciliation Act (“COBRA”), continuation or conversion privileges will be provided to Employee for continuation at his or her cost pursuant to plan covenants. In all cases, the official plan document shall govern over any other
verbal or written statement in regards to COBRA, continuation or conversion privileges. 
  

	 	C.	Paid Time Off. 

 Any earned and
unused paid time off as of the Separation Date will be paid to Employee in accordance with the Company’s paid time off policy. Additional paid time off will not accrue during the Inactive Employment Period. 

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
  Page
 3
 of 14 
  

	 	D.	Holiday Pay. 

 Eligibility for
holiday pay will cease on the Separation Date. 
  

	 	E.	Perquisites 

 Employee’s
flexible perquisites will cease as of the Separation Date. 
  

	4.	No Obligation to Make Payment under Normal Policies. 

 Employee acknowledges that Employee is entering into this Agreement voluntarily, that Employee is not otherwise entitled to the separation pay and other consideration set forth in Sections 2-3, and that
Employee is receiving the separation pay and consideration outlined in Sections 2-3 solely in exchange for the promises contained in this Agreement. Employee acknowledges that the Company otherwise has no obligation to provide separation pay to an
Employee whose employment by the Company ends under these circumstances. 
  

	5.	Prohibited Activities. 

Employee acknowledges and understands that on November 25, 2009, she executed a Non-Competition, Non-Solicitation, Non-Disparagement
and Confidentiality Agreement, as amended pursuant to that certain First Amendment to Non-Competition, Non-Solicitation, Non-Disparagement and Confidentiality Agreement executed of even date herewith (collectively, the “Non-Compete
Agreement”) and that Employee’s compliance with the Non-Compete is a condition to the payment of separation and other benefits under this Agreement. The agreements and covenants contained in the Non-Compete Agreement remain in effect in
accordance with their terms. 
  

	6.	Consequences of Engaging in Prohibited Activities. 

 In addition to any other remedies the Company may have related to the Non-Compete Agreement, if Employee materially violates the Non-Compete Agreement (a “Prohibited Activity”) in the
first six months of the Inactive Employment Period, the Company may sue Employee for damages capped at the value of the cash payments made to Employee pursuant to Section 2 of this Agreement and seek an injunction to prevent the on-going
occurrence of the Prohibited Activity during the six-month period, but if the Employee engages in a Prohibited Activity during the Inactive Employment Period after the first six months of the Inactive Employment Period, the Company may discontinue
providing the remaining benefits under Sections 2 and 3 of this Agreement (other than those that applicable law requires such as COBRA requirements). 
 Notwithstanding any other provision of this Agreement, if the Employee engages in a Prohibited Activity during the Inactive Employment Period, then the termination of Employee’s employment shall be
the first day of the Inactive Employment Period, and Employee shall forfeit the right to any further vesting of the Employee’s stock options and shall not receive any undelivered shares of the Company’s common stock pursuant option or
equity award agreements, and the option or equity award agreements shall immediately thereupon wholly and completely terminate. 

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
  Page
 4
 of 14 
  

 If the Company receives a Credible Allegation (as defined below) of a Prohibited
Activity, the Company, in its discretion, may suspend delivery or payment of any undelivered or unpaid shares or amounts for up to three months to permit the investigation of the Credible Allegation. If the Company determines that the Employee did
not engage in any Prohibited Activities, the Company shall deliver or pay any portion of the shares that have vested or pay that is payable for which all restrictions have lapsed. Nothing in this Agreement shall limit the Company’s ability to
enforce, or to seek damages for any violation of, the Non-Compete Agreement. For this purpose, a “Credible Allegation” means an allegation that is supported by evidence that the Company believes, after (i) a good faith investigation
and (ii) presentation of the allegation to the Compensation Committee and approval by the Compensation Committee to pursue a claim against Employee for the Prohibited Activity, is credible and reliable that the Employee has engaged in a
Prohibited Activity. 
  

	7.	Release. 

 In
consideration of the separation pay and the other consideration set forth in Sections 2 and 3, as well as the other benefits that this Agreement provides, Employee (on Employee’s own behalf and on behalf of Employee’s heirs and other legal
representatives and assigns) releases the Company, its subsidiaries and affiliates, and the employees, officers, directors, representatives, attorneys and agents of any of them, and their respective successors, predecessors and assigns, from all
claims, charges, costs, attorney fees or demands, known or unknown, suspected or unsuspected, present or future, Employee may have in any way related to or arising from Employee’s employment with the Company or the cessation of that employment.
This includes, to the fullest extent allowed by law, a release of any rights or claims Employee may have under the following (as each may be amended through the date of this Agreement): 

 

	 	A.	the Age Discrimination in Employment Act of 1967, as amended, and the Older Workers Benefit Protection Act, which (among other things) prohibit age discrimination in
employment; 

  

	 	B.	the Civil Rights Acts of 1866 or 1871, Title VII of the Civil Rights Act of 1964 and the Civil Rights Act of 1991, which (among other things) prohibit discrimination in
employment based on race, color, national origin, religion or sex; 

  

	 	C.	the Americans with Disabilities Act, which (among other things) prohibits discrimination in employment against qualified disabled individuals; 

 

	 	D.	the Equal Pay Act, which (among other things) prohibits paying men and woman unequal pay for equal work; 

 

	 	E.	the Pregnancy Discrimination Act, 

  

	 	F.	the Family and Medical Leave Act, 

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
  Page
 5
 of 14 
  

	 	G.	the Employee Retirement Income Security Act, 

  

	 	H.	the National Labor Relations Act, 

  

	 	I.	the Labor Management Relations Act, 

  

	 	J.	the Sarbanes-Oxley Act of 2002, or 

  

	 	K.	any other federal, state or local laws, rules or regulations prohibiting employment discrimination or regulating human or civil rights. 

This Section 7 also includes, to the fullest extent allowed by law, a release by Employee of any wrongful discharge, whistleblower,
retaliation, tort, contract or common law claims, including claims for past or future loss of pay or benefits, expenses, damages for pain and suffering, mental anguish or emotional distress damages, liquidated damages, punitive damages, compensatory
damages, attorney’s fees, interest, court costs, physical or mental injury, damage to reputation, and any other injury, loss, damage or expense or any other legal or equitable remedy of any kind whatsoever. 

Employee waives any right Employee may have under the Company’s dispute resolution process to arbitrate the claims which Employee has
released by entering into this Agreement. This release does not include, however, a release of the following: 
  

	 	i.	Employee’s right, if any, to accrued and vested pension or retirement savings plan benefits under the Company’s standard programs, plans and policies;

  

	 	ii.	Claims Employee may have against Company or its insurers for indemnification under corporate charters or by-laws, indemnification agreements, director and officer
insurance, or other similar protection afforded Company officers or directors to provide them with protection from claims third parties may make; or 

  

	 	iii.	Claims Employee may have against Company for failing to comply with any provision of this Agreement. 

As a condition to receiving the separation pay and other consideration set forth in Sections 2 and 3 hereof, Employee must execute and
deliver within 10 days after the Separation Date a subsequent release in the form attached hereto as Exhibit A (the “Subsequent Release”). 
 Nothing in this Agreement or the Subsequent Release shall be deemed a release of any claim to enforce this Agreement. 
  

	8.	Intent to Resolve All Claims; No Pending or Future Claims. 

 Employer and Company desire to settle all and compromise fully and finally all differences between them, including, but not limited to, all claims Employee has or might

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
  Page
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 of 14 
  

 
have asserted against the Company arising out of the employment with the Company or termination of that employment. Employee represents that, as of the date this Agreement was signed, no
complaints, grievances, or claims related to Employee’s employment with the Company or termination of that employment (including, but not limited to, any grievances, claims, or charges filed or pending with any local, state or federal agency or
court) are pending or have been filed against the Company. 
 Employee promises never to file a lawsuit asserting any claims that
are released in Section 7. If Employee or anyone else on Employee’s behalf files a lawsuit asserting any of these claims, Employee waives Employee’s right to receive any monetary award or reinstatement as an employee of the Company.
Employee agrees that this Agreement is a complete and total bar to Employee’s reemployment and to recovery of any money from the Company resulting from any lawsuit, charge or complaint raising any claims that are released in Section 7.
Employee understands that Employee is not waiving the right to test the knowing and voluntary nature of this release agreement in court. 
 Employee understands that pursuant to federal law any frivolous or legally unwarranted challenge to the validity of this release agreement may result in payment to the Company of its attorney’s fees
and other legal costs incurred defending the validity of this Agreement. 
 This Agreement does not limit Employee’s right
to file a charge with an administrative agency or participate in an agency investigation. Employee waives the right to recover money in connection with any charge or investigation by any agency, regardless of whether Employee or someone else
initiated that charge or investigation. Employee hereby assigns to Company all rights to such compensation, if any, in consideration of the payments received under this Agreement. 

 

	9.	Non-Admission of Liability. 

 The Company is entering into this Agreement to avoid the cost of defending against any possible lawsuit. By making this Agreement, neither the Company nor any other released party admits that it has done
anything wrong. 
  

	10.	Non-Release of Future ADEA Claims. 

 This Agreement does not waive or release any rights or claims that Employee may have under the Age Discrimination in Employment Act that arise after the date the Employee signs this Agreement. 

 

	11.	Consultation with Attorney. 

 Employee acknowledges that the Company has encouraged and afforded Employee an opportunity to engage and consult with legal counsel of Employee’s choosing in connection with the negotiation and
entering into of this Agreement. 
  

	12.	Termination of Employment. 

Employee acknowledges that if this Agreement becomes effective, Employee’s employment with the Company will end on the Separation
Date. 

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
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 of 14 
  

	13.	Indemnification Rights. 

Notwithstanding anything in this Agreement to the contrary, none of the execution, delivery or performance of this Agreement or the
termination or resignation of Employee as an employee, an Executive Vice President and the Chief Financial Officer of the Company shall (a) terminate, reduce, modify, amend, supplement or otherwise affect in a manner adverse to Employee or in
any other respect the rights of Employee under any or all of (i) Article V of the Bylaws of the Company as in effect on the Separation Date, (ii) any other indemnification provision in the Bylaws of the Company, (iii) the
Indemnification Agreement made as of June 2, 2009, between Employee and the Company (the “Indemnification Agreement”), and (iv) the Executive and Organization Liability Insurance Policy issued by National Union Fire Insurance
Company of Pittsburgh, Pa., Policy Number 01-118-80-97, including, without limitation, any right to be indemnified and held harmless against, to have paid or to receive payment for, to be reimbursed for or to be insured against any losses, damages,
liabilities, expenses, or costs, including, without limitation, Litigation Costs (as defined in the Indemnification Agreement) suffered, incurred or paid by Employee (collectively, the “Indemnity Rights”), (b) be deemed to be a waiver
of any or all of the Indemnity Rights or to create or to give rise to any right of setoff against, or any right of subrogation of the Company or any other person with respect to, any amount owing to, or that may become payable to or on behalf of,
Employee pursuant to any of the Indemnity Rights. 
  

	14.	Harmful Statements. 

Except for truthful statements to comply with law or legal process, Employee represents and agrees that Employee will not make any
derogatory, disparaging or false statements intended to harm the business or personal reputation of the Company or any related companies or their officers and employees. Except for truthful statements to comply with law or legal process, the Company
will not make or authorize any derogatory, disparaging or false statements intended to harm the business reputation or personal reputation of Employee or the Employee’s family. 

 

	15.	Governing Law. 

 This
Agreement is made in the State of Kansas and is governed by the laws of Kansas, excluding its law of conflicts of law and any action to enforce this Agreement shall be brought in the State District Court of Johnson County, Kansas, or the United
States District Court for the District of Kansas at Kansas City. 
  

	16.	Binding Effect. 

 This
Agreement is binding on the representatives, heirs, successors and assigns of the Employee and the Company. 
  

	17.	No Oral Changes. 

 This
Agreement cannot be changed, modified, or amended in any respect except by written instrument that Employee and an officer of the Company sign. 

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
  Page
 8
 of 14 
  

	18.	Severability. 

 The
provisions of this Agreement are severable, that is, if any part of it is found to be invalid or unenforceable, the other parts will remain valid and enforceable and shall be construed to the greatest extent possible to be enforceable as written.

  

	19.	Return of Company Property. 

 Employee represents and warrants that Employee will use her reasonable best efforts to return within five days after the Separation Date all Company information (confidential or otherwise), including all
related documents, reports, emails, files, memoranda and records, computer disks or other storage media, and all physical or personal property, including credit cards, card key passes, door and file keys, computers, pagers or Employee’s leased
vehicle, which Employee was provided or obtained during Employee’s employment. Employee further represents and warrants that Employee will not retain the original or any copies, duplicates, reproductions or excerpts of the foregoing materials
or property, including any emails or other Company information Employee has forwarded to Employee’s personal email address. 
  

	20.	Transitional Matters. 

After the Separation Date, to ensure a smooth transition from Employee’s employment with Company, Employee shall provide reasonable
assistance to and cooperation with Company during the Inactive Employment Period in connection with any Company matters concerning which Employee had knowledge or responsibility while the Company employed Employee. In the event of any legal action
or investigation relating to events that occurred during Employee’s employment, Employee will cooperate to the fullest extent possible in the preparation, prosecution, or defense of Company’s case, including the execution of affidavits or
documents or providing of information requested by Company. Whether during or after the Inactive Employment Period, reasonable out-of-pocket expenses related to Employee’s assistance will be reimbursed by Company, if Company’s approval is
obtained in advance. The Company’s request for cooperation must reasonably accommodate Employee’s obligations to any new employers or any medical treatment that Employee may be taking. Employee hereby resigns, as of the Separation Date,
any positions that Employee may hold as an officer or director of the Company and all of its subsidiaries and affiliates. Employee agrees to sign such additional letters of resignation for those companies as the Company may request. 

 

	21.	Employee’s Death. 

If Employee dies prior to receipt of the payments or benefits that this Agreement provides, Employee’s estate shall be entitled to
receive any remaining payments or benefits (subject to the other terms and conditions of this Agreement), unless and to the extent Employee’s current or future beneficiary designation forms for those benefit plans that utilize such forms
otherwise provide. 
  

	22.	Interpretation & Construction. 

 The headings of this Agreement are for convenience only and shall not affect the interpretation or construction of this Agreement. When used in this Agreement, unless the context expressly requires the
contrary, references to the singular shall include the 

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
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 of 14 
  

 
plural, and vice versa; references to the masculine shall include the feminine and neuter, and vice versa; references to “Sections” shall mean the sections and subsections
of this Agreement; references to “including” mean “including, without limitation”; and references to the “parties” mean the Company and Employee and to a “party” mean either one of them. 

 

	23.	Summaries. 

 If there is
any inconsistency between this Agreement and any summary of this Agreement, such as a summary provided in a document to Employee, the terms and conditions of this Agreement shall control and the summary shall not be used to interpret or construe
this Agreement. If there is any inconsistency between this Agreement and the Non-Compete Agreement, this Agreement shall supersede the Non-Compete Agreement. 
  

	24.	Entire Agreement. 

 This
Agreement between Employee and the Company, combined with the Non-Compete Agreement (including the amendment thereto signed concurrently herewith), constitutes the entire agreement between the parties with respect to the subject matter hereof and
the agreements contained herein, and supersedes all prior understandings, whether oral or written, between the Company and Employee, other than any confidentiality or trade secret agreements with Employee, which shall remain effective. The Company
has made no promises to Employee other than those in this Agreement and in the Non-Compete Agreement. 
 EMPLOYEE ACKNOWLEDGES THAT SHE HAS
READ THIS AGREEMENT, UNDERSTANDS IT AND IS VOLUNTARILY ENTERING INTO THIS AGREEMENT. THIS AGREEMENT CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. 

 

	
	Agreed:
	YRC Worldwide Inc.
	
	 /s/ William Zollars

	Name: William Zollars
	Title: Chairman/CEO
	
	Agreed:
	Sheila Taylor
	
	 /s/ Sheila Taylor

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
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 Exhibit A 

This Release (this “Agreement”) is made this 1 day of April 2011, by Sheila Taylor (“Employee”) and YRC Worldwide
Inc. (the “Company”). 
 Employee and the Company are party to a Separation and Release Agreement (the
“Separation Agreement”), dated as of March 6, 2011, that, among other things, provides that the Company will provide specified payments and benefits if, among other requirements, Employee executes and delivers this Agreement on or
prior to 10 days after Employee’s Separation Date (as defined in the Separation Agreement). This Agreement does not modify or terminate any of the provisions of, or obligations or covenants arising under, the Separation Agreement. In
consideration of the mutual agreements described in the Separation Agreement, the payments to Employee and other good and valuable consideration described in the Separation Agreement, the receipt and sufficiency of which the parties acknowledge,
Employee and the Company agree as follows: 
  

	1.	Release. 

 In
consideration of the separation pay and the other consideration set forth in Sections 2 and 3 of the Separation Agreement, as well as the other benefits that the Separation Agreement provides, Employee (on Employee’s own behalf and on behalf of
Employee’s heirs and other legal representatives and assigns) releases the Company, its subsidiaries and affiliates, and the employees, officers, directors, representatives, attorneys and agents of any of them, and their respective successors,
predecessors and assigns, from all claims, charges, costs, attorney fees or demands, known or unknown, suspected or unsuspected, present or future, Employee may have in any way related to or arising from Employee’s employment with the Company
or the cessation of that employment. This includes, to the fullest extent allowed by law, a release of any rights or claims Employee may have under the following (as each may be amended through the date of this Agreement): 

 

	 	A.	the Age Discrimination in Employment Act of 1967, as amended, and the Older Workers Benefit Protection Act, which (among other things) prohibit age discrimination in
employment; 

  

	 	B.	the Civil Rights Acts of 1866 or 1871, Title VII of the Civil Rights Act of 1964 and the Civil Rights Act of 1991, which (among other things) prohibit discrimination in
employment based on race, color, national origin, religion or sex; 

  

	 	C.	the Americans with Disabilities Act, which (among other things) prohibits discrimination in employment against qualified disabled individuals; 

 

	 	D.	the Equal Pay Act, which (among other things) prohibits paying men and woman unequal pay for equal work; 

 

	 	E.	the Pregnancy Discrimination Act, 

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
  Page
 11
 of 14 
  

	 	F.	the Family and Medical Leave Act, 

  

	 	G.	the Employee Retirement Income Security Act, 

  

	 	H.	the National Labor Relations Act, 

  

	 	I.	the Labor Management Relations Act, 

  

	 	J.	the Sarbanes-Oxley Act of 2002, or 

  

	 	K.	any other federal, state or local laws, rules or regulations prohibiting employment discrimination or regulating human or civil rights. 

This Section 1 also includes, to the fullest extent allowed by law, a release by Employee of any wrongful discharge, whistleblower,
retaliation, tort, contract or common law claims, including claims for past or future loss of pay or benefits, expenses, damages for pain and suffering, mental anguish or emotional distress damages, liquidated damages, punitive damages, compensatory
damages, attorney’s fees, interest, court costs, physical or mental injury, damage to reputation, and any other injury, loss, damage or expense or any other legal or equitable remedy of any kind whatsoever. 

Employee waives any right Employee may have under the Company’s dispute resolution process to arbitrate the claims which Employee has
released by entering into this Agreement. This release does not include, however, a release of the following: 
  

	 	i.	Employee’s right, if any, to accrued and vested pension or retirement savings plan benefits under the Company’s standard programs, plans and policies;

  

	 	ii.	Claims Employee may have against Company or its insurers for indemnification under corporate charters or by-laws, indemnification agreements, director and officer
insurance, or other similar protection afforded Company officers or directors to provide them with protection from claims third parties may make; or 

  

	 	iii.	Claims Employee may have against Company for failing to comply with any provision of this Agreement. 

 

	2.	Intent to Resolve All Claims; No Pending or Future Claims. 

 Employer and Company desire to settle all and compromise fully and finally all differences between them, including, but not limited to, all claims Employee has or might have asserted against the Company
arising out of the employment with the Company or termination of that employment. Employee represents that, as of the date this Agreement was signed, no complaints, grievances, or claims related to Employee’s employment with the Company or
termination of that employment (including, but not limited to, any grievances, claims, or charges filed or pending with any local, state or federal agency or court) are pending or have been filed against the Company. 

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
  Page
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 of 14 
  

 Employee promises never to file a lawsuit asserting any claims that are released in
Section 1. If Employee or anyone else on Employee’s behalf files a lawsuit asserting any of these claims, Employee waives Employee’s right to receive any monetary award or reinstatement as an employee of the Company. Employee agrees
that this Agreement is a complete and total bar to Employee’s reemployment and to recovery of any money from the Company resulting from any lawsuit, charge or complaint raising any claims that are released in Section 1. Employee
understands that Employee is not waiving the right to test the knowing and voluntary nature of this release agreement in court. 

Employee understands that pursuant to federal law any frivolous or legally unwarranted challenge to the validity of this release agreement
may result in payment to the Company of its attorney’s fees and other legal costs incurred defending the validity of this Agreement. 
 This Agreement does not limit Employee’s right to file a charge with an administrative agency or participate in an agency investigation. Employee waives the right to recover money in connection with
any charge or investigation by any agency, regardless of whether Employee or someone else initiated that charge or investigation. Employee hereby assigns to Company all rights to such compensation, if any, in consideration of the payments received
under this Agreement. 
 Nothing in this Agreement shall be construed to bar Employee from seeking legal redress for actions
occurring after the execution of this Agreement. 
  

	3.	Non-Admission of Liability. 

 The Company is entering into this Agreement to avoid the cost of defending against any possible lawsuit. By making this Agreement, neither the Company nor any other released party admits that it has done
anything wrong. 
  

	4.	Non-Release of Future ADEA Claims. 

 This Agreement does not waive or release any rights or claims that Employee may have under the Age Discrimination in Employment Act that arise after the date the Employee signs this Agreement. 

 

	5.	Consultation with Attorney. 

 Employee acknowledges that the Company has encouraged and afforded Employee an opportunity to engage and consult with legal counsel of Employee’s choosing in connection with the negotiation and
entering into of this Agreement. 
  

	6.	Indemnification Rights. 

Notwithstanding anything in this Agreement to the contrary, none of the execution, delivery or performance of this Agreement or the
termination or resignation of Employee as an employee, an Executive Vice President and the Chief Financial Officer of the Company shall (a) terminate, reduce, modify, amend, supplement or otherwise affect in a manner adverse to Employee or in
any other respect the rights of Employee under any or all of (i) Article V of the Bylaws of the Company as in effect on the Separation Date, (ii)

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
  Page
 13
 of 14 
  

 
any other indemnification provision in the Bylaws of the Company, (iii) the Indemnification Agreement made as of June 2, 2009, between Employee and the Company (the
“Indemnification Agreement”), and (iv) the Executive and Organization Liability Insurance Policy issued by National Union Fire Insurance Company of Pittsburgh, Pa., Policy Number 01-118-80-97, including, without limitation, any right
to be indemnified and held harmless against, to have paid or to receive payment for, to be reimbursed for or to be insured against any losses, damages, liabilities, expenses, or costs, including, without limitation, Litigation Costs (as defined in
the Indemnification Agreement) suffered, incurred or paid by Employee (collectively, the “Indemnity Rights”), (b) be deemed to be a waiver of any or all of the Indemnity Rights or to create or to give rise to any right of setoff
against, or any right of subrogation of the Company or any other person with respect to, any amount owing to, or that may become payable to or on behalf of, Employee pursuant to any of the Indemnity Rights. 

 

	7.	Governing Law. 

 This
Agreement is made in the State of Kansas and is governed by the laws of Kansas, excluding its law of conflicts of law and any action to enforce this Agreement shall be brought in the State District Court of Johnson County, Kansas, or the United
States District Court for the District of Kansas at Kansas City. 
  

	8.	Binding Effect. 

 This
Agreement is binding on the representatives, heirs, successors and assigns of the Employee and the Company. 
  

	9.	No Oral Changes. 

 This
Agreement cannot be changed, modified, or amended in any respect except by written instrument that Employee and an officer of the Company sign. 
  

	10.	Severability. 

 The
provisions of this Agreement are severable, that is, if any part of it is found to be invalid or unenforceable, the other parts will remain valid and enforceable and shall be construed to the greatest extent possible to be enforceable as written.

  

	11.	Return of Company Property. 

 Employee represents and warrants that Employee has returned all Company information (confidential or otherwise), including all related documents, reports, emails, files, memoranda and records, computer
disks or other storage media, and all physical or personal property, including credit cards, card key passes, door and file keys, computers, pagers or Employee’s leased vehicle, which Employee was provided or obtained during Employee’s
employment. Employee further represents and warrants that Employee will not retain the original or any copies, duplicates, reproductions or excerpts of the foregoing materials or property, including any emails or other Company information Employee
has forwarded to Employee’s personal email address. 
  

	12.	Interpretation & Construction. 

 The headings of this Agreement are for convenience only and shall not affect the 

  

    /s/ ST                

Employee Initials 

 Separation Agreement and Release 
  Page
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 of 14 
  

 
interpretation or construction of this Agreement. When used in this Agreement, unless the context expressly requires the contrary, references to the singular shall include the plural, and vice
versa; references to the masculine shall include the feminine and neuter, and vice versa; references to “Sections” shall mean the sections and subsections of this Agreement; references to “including” mean
“including, without limitation”; and references to the “parties” mean the Company and Employee and to a “party” mean either one of them. 
  

	13.	Summaries. 

 If there is
any inconsistency between this Agreement and any summary of this Agreement, such as a summary provided in a document to Employee, the terms and conditions of this Agreement shall control and the summary shall not be used to interpret or construe
this Agreement. 
  

	14.	Entire Agreement. 

 This
Agreement between Employee and the Company, combined with the Separation Agreement, constitutes the entire agreement between the parties with respect to the subject matter hereof and the agreements contained herein, and supersedes all prior
understandings, whether oral or written, between the Company and Employee, other than any confidentiality or trade secret agreements with Employee, which shall remain effective. The Company has made no promises to Employee other than those in this
Agreement and the Separation Agreement. 
 EMPLOYEE ACKNOWLEDGES THAT SHE HAS READ THIS AGREEMENT, UNDERSTANDS IT AND IS VOLUNTARILY ENTERING
INTO THIS AGREEMENT. THIS AGREEMENT CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. 
  

	
	Agreed:
	 YRC Worldwide Inc.

	
	         /s/ William Zollars

	Name: William Zollars
	Title: Chairman/CEO
	
	Agreed:
	Sheila Taylor
	
	         /s/ Sheila Taylor

  

    /s/ ST                

Employee Initials

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