Document:

EX-10.11

 Exhibit 10.11 

EXECUTIVE EMPLOYMENT AGREEMENT 

This Executive Employment Agreement (this “Agreement”) is entered into as of November     , 2012 (the
“Effective Date”), by and between: (i) Scott E. Friedlander (“Executive”); and (ii) ADS Waste Holdings, Inc., a Delaware corporation (the “Company”). 

In consideration of the mutual covenants contained herein, the receipt and sufficiency of such consideration is hereby acknowledged and
agreed, the Company and Executive agree as follows: 
 1. Employment. Effective as of the Effective Date: 

a. Executive accepts employment as Vice President—General Counsel and Secretary of the Company. Executive shall perform such duties as are
assigned by the Board of Directors of the Company (the “Board of Directors”) and/or as are otherwise normally associated with such position. 

b. Executive shall report directly to the Chief Executive Officer of the Company. In carrying out Executive’s duties, Executive will
exercise discretion and independent judgment. However, Executive’s conduct shall be consistent with, and in the best interests of, the Company’s business goals and objectives and in accordance with the authority and limitations on
authority established in the Company’s charter and bylaws and by the Board of Directors from time to time. 
 2. Term of
Employment. The parties acknowledge and agree that the initial term of this Agreement shall extend for three (3) years from the Effective Date and, unless terminated in accordance with Section 6, shall automatically renew
for successive one (1)-year terms upon expiration of each preceding term. Notwithstanding the foregoing to the contrary, either party may avoid the automatic renewal of this Agreement for any reason by providing written notice of intent not to renew
at least sixty (60) days before the end of the then current term of employment, it being understood that if the Company provides Executive with a notice of nonrenewal that does not state it is a nonrenewal for Cause, such notice shall be
considered a termination of Executive’s employment by the Company without Cause (as defined in Section 6(a)) for purposes of this Agreement, including, without limitation, Section 7.  

3. Extent of Services. Commencing on the Effective Date and continuing during the term of this Agreement, Executive shall
devote to the Company an appropriate amount of Executive’s working time, attention, knowledge and skills as are necessary to perform the services required hereunder, and shall not engage in any other business activities which may interfere with
Executive’s ability to completely perform the services required hereunder without first obtaining the written consent of the Board of Directors. 

4. Compensation. For providing the services described in this Agreement, effective commencing on the Effective Date,
Executive shall be compensated as follows: 
 a. Base Salary. Executive shall receive from the Company an annual salary of Two
Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) (the “Base Salary”). The Company shall deduct from such compensation any and all applicable taxes, withholding, surcharge, and the applicable deductions. Commencing on
January 1, 2014, the Base Salary shall be increased not less often than annually on January 1st of each succeeding year. The annual increase shall not be less than one hundred percent
(100%) of the increase of the CPI for the immediately preceding calendar year over the CPI for the second preceding calendar year. For purposes of this Agreement, “CPI” means the Consumer Price Index-All Urban Consumers U.S.
City Average (1982 – 1984 equals 100), as published by the U.S. Department of Labor’s Bureau of Labor Statistics. 

 b. Bonuses. Executive shall be eligible to participate in the Company’s performance
based bonus program. The amount of the annual bonus opportunity is up to fifty percent (50%) of the Base Salary then in effect; provided, however. the terms of the bonus program shall be negotiated each year between, and
acceptable to both, Executive and the Company, and approved by the Board of Directors. All bonuses will be paid no later than March 15th immediately following the calendar year in which the bonuses were earned. 

c. Benefit Plans. Executive will be eligible to participate in those group medical, dental, or health insurance plans and pension or
profit-sharing plans which the Company makes available to its senior level employees from time to time, subject to all terms and conditions of those plans and any amendments thereto, including without limitation, any and all provisions concerning
eligibility for participation. Nothing in this Section 4(c) is intended to require the Company to offer benefits of any type, and the Company may choose to amend or discontinue any benefit program at any time in its sole discretion. 

d. Vacation. Executive shall be entitled to three (3) weeks of vacation per year, and may take no more than two (2) weeks of
vacation consecutively. 
 e. Short Term Disability. In the event Executive terminates employment by reason of disability and is
eligible for benefits under the Company’s group Long Term Disability Plan described in Section 4(f) (the “LTD Plan”), the Company will pay to Executive an amount equal to (i) the Base Salary then in effect
pro-rated for the duration of the Elimination Period (as defined in Section 4(f)) (the “Salary Component”), reduced as provided in the last sentence of this Section 4(e), and (ii) any unpaid Bonus that,
but for Executive’s termination, would have been paid during the Elimination Period (the “Bonus Component”). The Salary Component shall be paid in equal monthly installments for the Elimination Period and the Bonus Component,
if any, shall be paid at the time bonuses are paid by the Company to senior executives generally. Disability for purposes of this Section 4(e) shall be determined by the Board of Directors based upon both reasonable medical inquiry and a
fair evaluation of Executive’s performance. The amount of the Salary Component shall be reduced (but not below zero) by the amount of any benefits that Executive received pursuant to the Company’s generally applicable short term disability
insurance program, if one exists. 
 f. Long Term Disability. The Company shall maintain a group Long Term Disability Plan
(i.e., the LTD Plan) which provides benefits to Executive upon the determination of the insurance company insuring the LTD Plan that Executive is disabled under the terms of such plan. Benefits under the LTD Plan shall be equal to at least
sixty-six and two-thirds percent (66 2/3%) of Executive’s Base Salary then in effect up to a maximum benefit of Nine Thousand and 00/100 Dollars ($9,000.00) per month with an elimination period of not longer than ninety (90) days (the
“Elimination Period”). 
 g. Life Insurance Benefits. During the term of this Agreement, the Company shall maintain a
term life insurance policy on Executive’s life in an amount equal to Executive’s Base Salary plus the amount of the annual bonus opportunity. Executive may designate the beneficiary of such policy. 

  
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 h. Reimbursement of Expenses. The Company will reimburse Executive for direct and
reasonable out-of-pocket expenses incurred by Executive in connection with the performance of Executive’s duties under this Agreement in accordance with the Company’s employee expense reimbursement policies as in effect from time to time,
subject to any documentary evidence or substantiation required under such policies. 
 5. Covenants Against Competition and
Confidentiality. As the Vice President—General Counsel and Secretary of the Company, Executive will be in a position requiring significant trust and confidence and exposing Executive to certain confidential and proprietary information.
During the term of this Agreement, Executive may also develop information, data and processes to further the development of the Company’s operations. The Company is willing to employ the Executive and permit such exposures to and development by
Executive only if Executive agrees to be bound by the covenants, restrictions, obligations and agreements set forth in this Section 5 (the “Covenants”). Executive acknowledges that the employment benefits, rights and
compensation set forth herein represent good, valuable, fair and sufficient consideration for such Covenants. 
 a.
Definitions. For purposes of this Agreement, the following terms have the specified meanings: 
 i.
“Affiliate” shall mean any entity in which the Company owns, directly or indirectly, more than a twenty-five percent (25%) interest, or any entity that owns, directly or indirectly, more than a twenty-five percent
(25%) interest in the Company, either as a partner, shareholder, joint venturer, limited liability company or other equity position or interest. 

ii. “Confidential Information” shall mean the Company’s business information and materials, whether in
oral, written, electronic or visual form, including without limitation, all such business information and materials relating to business policies, procedures, methods, customer accounts, customer relationships; inventions, patents, trademarks, and
copyrights and respective applications; improvements, know-how, trade secrets, specifications and drawings, cost and pricing data; process flow diagrams; bills; customer, vendor and supplier information; products, manufacturing processes, and ideas;
sales, financial, business plans, and marketing information, financial statements, balance sheets and other financial data and any other materials referring to the same. Confidential Information shall not include any information that is or becomes
generally known by the public through no violation of the terms of this Agreement. The Company recognizes and agrees that Executive has substantial know-how and expertise in the Field of Business and agrees that Confidential Information shall not
include such know-how and expertise as the Executive possesses as of the date of this Agreement. 
 iii. “Field of
Business” shall mean the business of (A) the collection, transportation and disposal of solid waste; and (B) any other field of business that represents a material portion of the business conducted by the Company (including its
subsidiaries and Affiliates) during the term of Executive’s employment. 
 iv. “Inventions” shall mean
any new or useful art, discovery, contribution, finding or improvement or other tangible or intangible concepts, whether patentable, copyrightable, or otherwise, and all related know-how, which relates in any way to the present or prospective Field
of Business or interests of the Company and which Executive makes, creates, conceives, reduces to practice, or contributes to or which 

  
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Executive has made, created conceived, reduced to practice, or contributed to, whether now existing or in the future, during the period of Executive’s employment with the Company, including
such Inventions conceived or reduced to practice prior to the execution of this Agreement, and for one (1) year following Executive’s employment with the Company. Inventions shall include but not be limited to all trade secrets, designs,
discoveries, formulae, processes, manufacturing techniques, improvements and ideas. Inventions shall not include any information that is or becomes generally known by the public through no violation of the terms of this Agreement. 

v. “Restricted Area” shall mean and include any geographic area in which (A) the Company (including its
Affiliates) does business, and (B) Executive performs services for the Company or has supervisory authority. 
 vi.
“Trade Secret” means any Confidential Information described above, without regard to form, which: (A) is not commonly known by or available to the public; (B) derives economic value, actual or potential, from not being
generally known to, and not being readily ascertainable by proper means to other persons who can obtain economic value from its disclosure or use; and (C) is the subject of efforts that are reasonable under the circumstances to maintain its
secrecy. 
 b. Covenants Against Competition and Solicitation. 

i. Executive agrees that, during the course of Executive’s employment with the Company, Executive shall not accept
alternative employment or engage in any independent and/or separate business activity in the Field of Business in the Restricted Area. 

ii. Executive further agrees that during the term of Executive’s employment with the Company and for a period of two
(2) years after Executive’s employment terminates pursuant to Section 6 for any reason, Executive shall not: 
  

	 	(1)	in the Field of Business within the Restricted Area, solicit business from, direct marketing activities to, or perform work relating to, any customer or prospective customer upon whom Executive called, or for whom
Executive provided administrative or support services, on the Company’s behalf during the term of Executive’s employment with the Company; 

  

	 	(2)	become engaged in or employed by, directly or indirectly, any business entity which operates in or in any way does business in the Field of Business within the Restricted Area; or 

 

	 	(3)	be the owner of more than one percent (1%) of the outstanding equity of any business entity which operates in or in any way does business in the Field of Business within the Restricted Area. 

iii. Executive further agrees that during the course of Executive’s employment with the Company and for a period of two
(2) years after the termination of Executive’s employment with the Company for any reason whatsoever with or without Cause, Executive shall not, directly or indirectly do the following: 

  
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	 	(1)	induce any customers, including former and prospective customers, of the Company to patronize any business entity that operates in the Field of Business within the Restricted Area (other than the Company); or

  

	 	(2)	request or advise any customers of the Company, including prospective customers, to withdraw, curtail or cancel such customer’s business with the Company. 

c. Covenants Concerning Confidentiality. 

i. Executive acknowledges that Executive will use and/or have access to Confidential Information, including Trade Secrets, and
that such information constitutes valuable, special and unique property of the Company. 
 ii. Executive agrees that, during
the term of Executive’s employment with the Company, and following the termination of Executive’s employment for any reason whatsoever, Executive shall not disclose or divulge any Confidential Information, including Trade Secrets, to any
person, corporation, or other entity for any reason or purpose whatsoever, except upon the direct written authorization of the Board of Directors, and that the Company shall be entitled to seek an injunction from a court restraining and enjoining
Executive from the unauthorized disclosure of any such information. 
 d. Inventions. 

i. Executive shall be required to promptly disclose all Inventions to the Company. Executive shall keep accurate records
relating to the conception and reduction to practice of all Inventions. Such records shall be the sole and exclusive property of the Company, and Executive shall surrender possession of such records to the Company at any time upon the Company’s
request. 
 ii. Executive acknowledges that the Company is the lawful owner and creator of all Confidential Information,
including Trade Secrets, and that the Company owns all rights, title and other interests thereto. Executive agrees that all Inventions shall be the sole and exclusive property of the Company upon conception and/or reduction to practice. Executive
hereby assigns, grants, and conveys all rights, title and interest in and to all Inventions together with all copyrights, patents, trademarks and other proprietary rights associated therewith. No license or other rights, express or implied, are
granted to Executive in the Inventions and Executive hereby disclaims the same. Both during the Executive’s employment with the Company and thereafter, Executive shall fully cooperate with the Company in the procurement, protection, and
enforcement of any rights in any such Inventions, including but not limited to intellectual property rights that may arise in connection therewith. This shall include executing, acknowledging and delivering to the Company all documents or papers
necessary to enable the Company to procure and protect such rights. 
 e. Surrender of Records. Executive agrees that, on termination
of Executive’s employment pursuant to Section 6 for any reason, Executive will surrender to the Company in good condition all records, files, and other property of the Company in Executive’s custody or possession including,
without limitation, the information identified in Sections 5(a)(ii) and (vi), as well any other 

  
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information concerning the Company’s business that Executive acquired during Executive’s employment with the Company. If and when the employment relationship is terminated, and upon the
Company’s request, Executive shall submit to an exit interview at a place and time to be designated by the Company. The Company has the right to request that Executive bring all items referenced in this Section 5(e) to the exit
interview. The Company shall reimburse Executive for reasonable travel costs associated with attending the exit interview. 
 f.
Interference with Company’s Employees. Executive further agrees that, during the term of Executive’s employment with the Company and for a period of two (2) years after the termination of Executive’s employment with the
Company pursuant to Section 6 for any reason, Executive shall not, directly or indirectly: 
 i. induce or
attempt to induce any employee of the Company (including its subsidiaries and Affiliates) to terminate his or her employment with the Company; 

ii. interfere with or attempt to disrupt the relationship existing between the Company (including its subsidiaries and
Affiliates) and its respective employees; or 
 iii. solicit, hire or assist in the solicitation or hiring away of any
employee of the Company (including its subsidiaries and Affiliates) to become an employee of any other business entity with which Executive is associated. 

g. Duration of Covenants. In the event that the Company commences an action in any court of law to enforce any of the Covenants, the
running of any time period or limitation applicable to such Covenants shall be suspended and tolled pending final resolution of such legal action. The running of any unexpired time period shall resume either on the date when final judgment is
rendered or when all appeals taken therefrom are concluded, whichever shall occur later. 
 h. Modification. No modification of the
Covenants shall be valid unless such modification is in writing and signed by Executive and a duly authorized representative of the Company. If, however, any of the Covenants is held by a court to be unenforceable and/or overbroad, the parties
acknowledge and agree that the defective term(s) shall be modified, but only to the extent necessary to comply with applicable law(s). 
 i.
Disclosure to Prospective Employer. Executive agrees that, should Executive’s employment terminate pursuant to Section 6 for any reason, Executive will disclose the terms of the Covenants to any persons, corporations or other
entities with whom Executive seeks employment or an engagement as a provider of services for compensation that operates in the Field of Business within the Restricted Area. Executive also recognizes that the Company has the right to make these
Covenants known to others. 
 j. Affiliates. Executive may, from time to time at the direction of the Company, render services to its
Affiliates and thereby be exposed to Confidential Information and Trade Secrets owned by them. The Covenants made by Executive shall be for the benefit of the Company and its Affiliates. Accordingly, this Section 5 may be enforced by
either or all of the Company or its Affiliates. 

  
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 k. Enforcement of Covenants. 

i. Right to Injunction. Executive acknowledges that a breach of any of the Covenants will cause irreparable damage to
the Company with respect to which the Company’s remedy at law for damages will be inadequate. Therefore, in the event of breach or anticipatory breach of the Covenants, Executive and the Company agree that the Company shall be entitled to
injunctions, both preliminary and permanent, enjoining or restraining such breach or anticipatory breach and Executive hereby consents to the issuance thereof forthwith by any court of competent jurisdiction, without requiring the Company to
post any bond, in addition to remedies otherwise available to it at law or equity. 
 ii. Reimbursement following
Breach. In the event that any court enters a final, non-appealable judgment that Executive has breached any of the Covenants, Executive shall reimburse the Company for any payments it makes pursuant to this Agreement subsequent to such breach.
Any such reimbursements shall be in addition to any damages in the Company’s favor that the court may impose upon Executive. 

iii. Recovery of Costs. In the event that the Company commences an action in any court to enforce any of the Covenants,
the party against whom the court finds shall pay all expenses associated with such enforcement, including reasonable attorneys’ fees. 

6. Termination. 

a. This Agreement may be terminated by the Board of Directors at any time and in its sole discretion without notice upon the occurrence of one
or more of the following events, any of which shall constitute “Cause” for purposes of this Agreement: 
 i.
Executive fails to comply with the polices, standards, and regulations that the Company, in its sole discretion, establishes and/or implements during Executive’s employment and Executive does not cure such failure within thirty (30) days
following Executive’s receipt of written notice from the Board of Directors of such failure; 
 ii. Executive commits
any act of fraud, dishonesty or other acts of misconduct in the rendering of services on behalf of the Company; 
 iii.
Executive fails to faithfully, diligently or properly comply with the provisions of this Agreement and the reasonable requests of the person(s) to whom Executive reports and Executive does not cure such failure within thirty (30) days following
Executive’s receipt of written notice from the Board of Directors of such failure; 
 iv. Executive fails to adequately
perform the usual and customary duties of Executive’s employment and/or those duties typically associated with Executive’s position and Executive does not cure such failure within thirty (30) days following Executive’s receipt of
written notice from the Board of Directors of such failure; 
 v. Executive breaches any of the Covenants; or 

vi. Executive is convicted of a felony or commits any act which damages the reputation or causes public embarrassment to the
Company, as determined in the sole discretion of the Board of Directors. 

  
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 b. This Agreement shall terminate immediately upon the death of Executive or upon Executive
becoming physically and/or mentally incapacitated such that Executive cannot perform the essential functions of Executive’s job. The Board of Directors, in its sole discretion, shall determine whether Employee is capable of performing the
essential functions of Employee’s job based upon both reasonable medical inquiry and a fair evaluation of Employee’s performance. 

c. This Agreement may be terminated by the Company at any time without Cause, upon ninety (90) days written notice. 

d. This Agreement may be terminated by Executive at any time upon ninety (90) days written notice. 

e. This Agreement may be terminated in accordance with the provisions of Section 2 by nonrenewal. 

7. Payments Following Termination Under Certain Circumstances.  

a. In the event of a termination of Executive’s employment with the Company for any reason (the effective date of such termination, the
“Termination Effective Date”), Executive shall be entitled to payment from the Company, within thirty (30) days following the Termination Effective Date of Executive’s accrued but unpaid Base Salary through the Termination
Effective Date and payment of any unreimbursed expenses to which Executive is entitled pursuant to Section 4(h). 
 b. If this
Agreement is terminated by the Company for any reason other than (i) fraud by Executive, (ii) intentional misconduct by Executive as determined by a majority of the Board of Directors and a majority of the Company’s officers who are
members of the Board of Directors (other than Executive), (iii) Executive’s conviction of any felony offense, or (iv) a violation of Section 6(a)(v) or (vi) as determined by a majority of the Board of Directors
and a majority of the Company’s officers who are members of the Board of Directors (other than Executive), or if this Agreement is terminated by Executive by reason of breach of this Agreement by the Company (following written notice to cure
and the failure of the Company to cure such breach within ten (10) days), and Executive executes a general release in a form acceptable to the Company (the “Release”), and such executed Release is delivered to the Company (and
any period during which Executive may revoke such Release pursuant to applicable law has expired) by the sixtieth (60th) day following the Termination Effective Date (the “Release
Delivery Date”), the Company agrees to pay Executive an amount equal to: 
 i. two (2) times Executive’s
Base Salary (at the rate in effect as of the Termination Effective Date) in twenty-four (24) equal monthly installments commencing ten (10) days following the Release Delivery Date, which shall be paid to Executive through the
Company’s regular payroll; plus 
 ii. an amount equal to the pro rata share of Executive’s bonus as earned through
the Termination Effective Date, if any, payable at least sixty (60) days and not less than within seventy-five (75) days after the Termination Effective Date. 

Notwithstanding the foregoing, in the event Executive fails to execute and deliver the Release, and any period during which Executive may revoke such Release
pursuant to applicable law has not expired, by the Release Delivery Date, Executive shall forfeit all of his rights to the termination payments set forth in this Section 7 and the Company shall have no obligation whatsoever to make such
payments. 

  
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 8. Miscellaneous. 

a. This Agreement and any payment, distribution or other benefit hereunder shall comply with the requirements of Section 409A of the Code,
or an exemption or exclusion therefrom, as well as any related regulations or other guidance promulgated by the U.S. Department of the Treasury or the Internal Revenue Service (“Section 409A”), to the extent applicable, and shall in
all respects be administered in accordance with Section 409A; provided, that, for the avoidance of doubt, this provision shall not be construed to require a gross-up payment in respect of any taxes, interest or penalties imposed
on Executive as a result of Section 409A. To the extent any provision or term of this Agreement is ambiguous as to its compliance with Section 409A, the provision or term will be read in such a manner so that such provision or term and all
payments hereunder comply with Section 409A. To the extent Executive is a “specified employee” under Section 409A, no payment, distribution or other benefit described in this Agreement constituting a distribution of deferred
compensation (within the meaning of Treasury Regulation Section 1.409A-1(b)) to be paid during the six-month period following Executive’s “separation from service” (within the meaning of Treasury Regulation
Section 1.409A-1(h)) will be made before the earlier of the date that is six months after the date of separation or the date of Executive’s death. Instead, any such deferred compensation shall be paid on the first business day following
the earlier of the six (6)-month anniversary of Executive’s separation from service or the date of death of Executive. In no event may Executive, directly or indirectly, designate the calendar year of any payment to be made under this
Agreement. Any provision or term that would cause this Agreement or a payment, distribution or other benefit hereunder to fail to satisfy the requirements of Section 409A shall have no force or effect and, to the extent an amendment would be
effective for purposes of Section 409A, the parties agree that this Agreement shall be amended to comply with Section 409A. Such amendment shall be retroactive to the extent permitted by Section 409A. For purposes of this Agreement,
Executive shall not be deemed to have terminated employment unless and until a separation from service (within the meaning of Treasury Regulation Section 1.409A-1(h)) has occurred. Each payment under Sections 4(e) and 7 of this
Agreement shall be treated as a separate payment for purposes of Section 409A. All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A, including,
where applicable, the requirement that (i) any reimbursement shall be for expenses incurred during the time period specified in this Agreement, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a
calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made not later than the last day of Executive’s
taxable year following the taxable year in which such expense was incurred, and (iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit. 

b. The section headings in this Agreement are for convenience only and are not intended to govern, limit or affect the meanings of the
sections. 
 c. Executive represents and warrants to the Company that Executive is not under any obligation to any other party inconsistent
with or in conflict with this Agreement, or which would prevent, limit or impair in any way Executive’s performance of Executive’s obligations hereunder. 

d. This Agreement constitutes the entire understanding between Executive and the Company with respect to the subject matter hereof and
supersedes any and all prior understandings, written or oral. Any prior employment agreement between Executive and the Company and any of its affiliates (including, without limitation, that certain Employment Agreement, dated March 11, 2010, by
and between Executive and Interstate Waste Services Holding Co., Inc.) will be terminated on the Effective Date. 

  
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 e. Failure to insist upon strict compliance with any of the terms, covenants, or conditions set
forth in this Agreement shall not be deemed a waiver of such term, covenant, or condition, nor shall any waiver or relinquishment of any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such right or power at
any other times. 
 f. If it is determined that any of the provisions of this Agreement is invalid or unenforceable, the remaining provisions
shall survive and be given full force and effect. 
 g. The Company may assign this Agreement and, if assigned, the assignee has the right to
seek enforcement of the Agreement. 
 h. All notices required to be given under this Agreement shall be in writing, shall be effective upon
receipt, and shall be delivered to the addressee either in person or mailed by certified mail, return receipt requested. 
 i. This Agreement
is entered into in the State of Florida and shall be governed by the laws of the State of Florida. 
 j. Any controversy or claim arising out
of or relating to this Agreement, other than in connection with the Company’s rights under Section 5(k), shall be resolved by final and binding arbitration in accordance with the employment dispute arbitration rules of the American
Arbitration Association then in effect, and judgment upon any award rendered by the arbitrator may be entered and a confirmation order sought in any court having jurisdiction thereof. Any arbitration shall be conducted in Jacksonville, Florida
before a single arbitrator jointly appointed by Executive and the Company. In the event Executive and the Company are unable to agree on an arbitrator within fifteen (15) days of the notice of a claim from one to the other, Executive and the
Company shall each select an arbitrator who together shall jointly appoint a third arbitrator who shall be the sole arbitrator for the controversy or claim. Unless otherwise determined by the arbitrator, the prevailing party shall be permitted to
recover from the non-prevailing party, in addition to all other legal and equitable remedies, the costs of arbitration including, without limitation, reasonable attorneys’ fees and the expenses of the arbitrator(s) and the American Arbitration
Association. 
 k. Executive acknowledges that Executive is solely responsible and liable for the satisfaction of all taxes and penalties
that may arise in connection with payments made under this Agreement (including without limitation any taxes arising under Section 409A(a)(1)(B) of the Code). The Company may withhold from any compensation and benefits payable under this
Agreement all applicable federal, state, local, or other taxes and, subject to the immediately succeeding sentence, any indebtedness due to the Company as agreed to and as scheduled between the Company and Executive. With respect to debts of
Executive to the Company, the aggregate amount withheld by the Company under the immediately preceding sentence from payments due to the Executive under Sections 4(e) and/or 7 shall not exceed Five Thousand and 00/100 Dollars
($5,000.00) and must be taken at the same time and in the same amount as the debt otherwise would have been due from Executive. The Company shall have no obligation to indemnify or otherwise hold Executive harmless from any or all of such taxes.

 l. Executive further acknowledges that Executive has thoroughly read the terms of this Agreement and was aware of Executive’s right
to seek advice of counsel before signing. Executive further acknowledges that, by signing this Agreement, Executive knowingly and voluntarily consents to the terms contained herein. 

  
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 The undersigned have executed this Executive Employment Agreement as of the Effective Date. 

 

			
	COMPANY
	
	 ADS WASTE HOLDINGS, INC.,
 a
Delaware corporation

		
	By:	 	  

	Name :	 	  

	Its:	 	  

	
	EXECUTIVE
	
	 
	 SCOTT E. FRIEDLANDER

  
 -11-EX-10.12

 Exhibit 10.12 

ADVANCED DISPOSAL WASTE HOLDINGS CORP. 
 2012 STOCK INCENTIVE
PLAN 
 1. Purposes of the Plan. The purposes of the Advanced Disposal Waste Holdings Corp. 2012 Stock Incentive Plan are to attract and retain the best
available personnel for positions of substantial responsibility, to provide additional incentive to Employees and to promote the success of the Company’s business, Options granted under the Plan may be Incentive Stock Options or Non-Qualified
Stock Options, as determined by the Administrator at the time of grant. Stock Purchase Rights may also be granted under the Plan. 
 2. Definitions. As used
herein, the following definitions shall apply: 
 (a) “Administrator” means the Board or the Committee responsible for conducting the general
administration of the Plan, as applicable, in accordance with Section 4 hereof. 
 (b) “Applicable Laws” means the requirements relating to
the administration of stock option plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign
country or jurisdiction where Options are granted under the Plan. 
 (c) “Award Agreement” means any agreement or other instrument or document
evidencing an award under this Plan. The Award Agreement is subject to the terms and conditions of the Plan. 
 (d) “Board” means the Board of
Directors of the Company. 
 (e) “Change of Control” means the closing of a transaction that is (i) a sale of all or substantially all of the
assets of the Company (other than in connection with financing transactions, or sale and leaseback transactions) to a person or entity that is not a Permitted Holder (a “Third Party”); (ii) a sale, series of sales or merger or other
transactions resulting in more than 50% of the voting stock of the Company or of any company directly or indirectly controlling the Company being held by a Third Party, (iii) a transaction or provision that gives a Third Party the right to
appoint a majority of the Board of Directors of the Company or of any company directly or indirectly controlling the Company, (iv) an initial public offering of the common stock of the Company registered pursuant to the Securities Act of 1933,
as amended, or (v) the liquidation or dissolution of the Company with respect to which there are or were distributable assets. 
 (f) “Code”
means the Internal Revenue Code of 1986 as amended. 
 (g) “Committee” means a committee appointed by the Board in accordance with Section 4
hereof. 
 (h) “Common Stock” means the Common Stock of the Company, par value $.01 per share. 

(i) “Company” means Advanced Disposal Waste Holdings Corp., a Delaware corporation, or any successor thereto. 

  
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 (j) “Disability” means 

(i) for an Employee covered by the Employer’s long term disability plan, disability as defined in such plan; and 

(ii) for all other Employees, a physical or mental condition of the Employee resulting from bodily injury, disease or mental disorder which renders the
Employee incapable of continuing the Employee’s usual or customary employment with the Employer. The disability of the Employee shall be determined by the Administrator in good faith after reasonable medical inquiry, including consultation with
a licensed physician as chosen by the Administrator, and a fair evaluation of the Employee’s ability to perform the Employee’s duties. 
 (k)
“Employee” means any person who is an employee (as defined in accordance with Section 3401(c) of the Code) of the Company or any Parent or Subsidiary of the Company. An Employee shall not cease to be an Employee in the case of
(i) any leave of absence approved by the Employer or (ii) transfers between locations of the Company or between the Company, its Parent, any Subsidiary, or any successor. For purposes of Incentive Stock Options, no such leave may exceed
ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. Neither service as a member of the Board nor payment of a director’s fee by the Company shall be sufficient, by itself, to constitute
“employment” by the Company. 
 (l) “Employer” means the Company and any Parent or Subsidiary. 

(m) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(n) “Fair Market Value” means, as of any date, the value of a share of Common Stock determined as follows: 

(i) If the Common Stock is listed on any established stock exchange or a national market system, including, without limitation, the Nasdaq National Market or
The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for a share of such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system for the last market trading
day prior to the time of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
 (ii) If the
Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value shall be the mean between the high bid and low asked prices for a share of the Common Stock on the last market trading day
prior to the day of determination; or 
 (iii) In the absence of an established market for the Common Stock, the Fair Market Value thereof shall be
determined in good faith by the Administrator using any reasonable valuation method permitted by Section 409A. 
 (o) “Holder” means a person
who has been granted or awarded an Option or a Stock Purchase Right or who holds Shares acquired pursuant to the exercise of an Option or a Stock Purchase Right. 

  
 2 

 (p) “Incentive Stock Option” means an Option intended to qualify as an incentive stock option within
the meaning of Section 422 of the Code and which is designated as an Incentive Stock Option by the Administrator. 
 (q) “Independent
Director” means a member of the Board who is not an Employee of the Company. 
 (r) “Joinder Agreement” means an instrument in the form of
Exhibit B to the Shareholders Agreement, or such other form as shall be acceptable to the Company, pursuant to which a Holder agrees to be bound by the terms of the Shareholders Agreement. 

(s) “Non-Qualified Stock Option” means an Option (or portion thereof) that is not designated as an Incentive Stock Option by the Administrator, or
which is designated as an Incentive Stock Option by the Administrator but fails to qualify as an incentive stock option within the meaning of Section 422 of the Code. 

(t) “Option” means a stock option granted pursuant to the Plan. 

(u) “Parent” means a “parent corporation” as defined in Section 424(e) of the Code, whether now or hereafter existing, of the Company.

 (v) “Permitted Holders” means Highstar Capital II, LP, Highstar Capital Ill, LP and their respective affiliates; their managed funds and their
affiliates and respective subsidiaries (other than the Company and its Subsidiaries). 
 (w) “Person” means any natural person, corporation,
business trust, joint venture, association, company, limited liability company, partnership, governmental authority or other entity. 
 (x) “Plan”
means this Advanced Disposal Waste Holdings Corp. 2012 Stock Incentive Plan. 
 (y) “Public Trading Date” means the first date upon which Common
Stock of the Company is listed (or approved for listing) upon notice of issuance on any securities exchange or designated (or approved for designation) upon notice of issuance as a national market security on an interdealer quotation system. 

(z) “Restricted Stock” means Shares acquired pursuant to a Stock Purchase Right granted under Section 12 below. 

(aa) “Rule 16b-3” means that certain Rule 16b-3 under the Exchange Act, as such Rule may be amended from time to time. 

(bb) “Section 16(b)” means Section 16(b) of the Exchange Act. 

(cc) “Section 409A” means Section 409A of the Code and the applicable regulations and other legal authority promulgated thereunder. 

(dd) “Securities Act” means the Securities Act of 1933, as amended. 

  
 3 

 (ee) “Share” means a share of Common Stock, as adjusted in accordance with Section 13 below. 

(ff) “Shareholders Agreement” means the Advanced Disposal Waste Holdings Corp. Shareholders Agreement, as amended from time to time. 

(gg) “Stock Purchase Right” means a right to purchase Common Stock pursuant to Section 12 below. 

(hh) “Subsidiary” means any corporation, whether now or hereafter existing (other than the Company), in an unbroken chain of corporations beginning
with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing more than fifty percent of the total combined voting power of all classes of stock in one of the other corporations in such
chain. 
 3. Stock Subject to the Plan. Subject to the provisions of Section 13 of the Plan, the shares of stock subject to Options or Stock Purchase
Rights shall be Common Stock, initially shares of the Company’s Common Stock, par value $.01 per share. Subject to the provisions of Section 13 of the Plan, the maximum aggregate number of Shares which may be issued upon exercise of such
Options or Stock Purchase Rights is 150,000 Shares. Shares issued upon exercise of Options or Stock Purchase Rights may be authorized but unissued, or reacquired Common Stock. If an Option or Stock Purchase Right expires or becomes unexercisable
without having been exercised in full, the unpurchased Shares which were subject thereto shall become available for future grant or sale under the Plan (unless the Plan has terminated). Shares which are delivered by the Holder or withheld by the
Company upon the exercise of an Option or Stock Purchase Right under the Plan, in payment of the exercise price thereof or tax withholding thereon, may again be optioned, granted or awarded hereunder, subject to the limitations of this
Section 3. If Shares of Restricted Stock are repurchased by the Company at their original purchase price, such Shares shall become available for future grant under the Plan. Notwithstanding the provisions of this Section 3, no Shares may
again be optioned, granted or awarded if such action would cause an Incentive Stock Option to fail to qualify as an incentive stock option under Code Section 422. 

4. Administration of the Plan. 
 (a) Administrator. Unless and
until the Board delegates administration to a Committee as set forth below, the Plan shall be administered by the Board. The Board may delegate administration of the Plan to a Committee or Committees of one or more members of the Board, and the term
“Committee” shall apply to any person or persons to whom such authority has been delegated. If administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore
possessed by the Board, including the power to delegate to a subcommittee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee),
subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. Notwithstanding the foregoing, however, from and after the Public Trading Date, a Committee of the Board shall
administer the Plan and the Committee shall consist solely of two or more Independent Directors each of whom is both an “outside director,” within the meaning of Section 162(m) of the Code,

  
 4 

 
and a “non-employee director” within the meaning of Rule 16b-3. Within the scope of such authority, the Board or the Committee may (i) delegate to a committee of one or more
members of the Board who are not Outside Directors the authority to grant awards under the Plan to eligible persons who are either (A) not then “covered employees,” within the meaning of Section 162(m) of the Code and are not
expected to be “covered employees” at the time of recognition of income resulting from such award or (B) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code and/or (ii) delegate to a
committee of one or more members of the Board who are not “non-employee directors,” within the meaning of Rule 16b-3, the authority to grant awards under the Plan to eligible persons who are not then subject to Section 16 of the
Exchange Act. The Board may abolish the Committee at any time and revest in the Board the administration of the Plan. Appointment of Committee members shall be effective upon acceptance of appointment. Committee members may resign at any time by
delivering written notice to the Board. Vacancies on the Committee may be filled by the Board. 
 (b) Powers of the Administrator. Subject to the provisions
of the Plan and the specific duties delegated by the Board to such Committee, and subject to the approval of any relevant authorities, the Administrator shall have the authority in its discretion: 

(i) to determine the Fair Market Value; 
 (ii) to select the
Employees to whom Options and Stock Purchase Rights may from time to time be granted hereunder; 
 (iii) to determine the number of Shares to be covered by
such award granted hereunder; 
 (iv) to approve forms of Award Agreements for use under the Plan; 

(v) to determine the terms and conditions of any Option or Stock Purchase Right granted hereunder (such terms and conditions include, but are not limited to,
the exercise price, the time or times when Options or Stock Purchase Rights may vest or be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation
regarding any Option or Stock Purchase Right or the Common Stock relating thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine); 

(vi) to determine whether to offer to buy-out a previously granted Option as provided in subsection 10(h) and to determine the terms and conditions of such
offer and buy-out (including whether payment is to be made in cash or Shares); 
 (vii) to prescribe, amend and rescind rules and regulations relating to the
Plan, including rules and regulations relating to sub-plans established for the purpose of qualifying for preferred tax treatment under foreign tax laws; 

(viii) to allow Holders to satisfy withholding tax obligations by electing to have the Company withhold from the Shares to be issued upon exercise of an Option
or Stock Purchase Right that number of Shares having a Fair Market Value equal to the minimum amount required to be withheld based on the statutory withholding rates for federal and state tax purposes that apply to supplemental taxable income. The
Fair Market Value of the Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to be determined. All elections by Holders to have Shares withheld for this purpose shall be made in such form and under such
conditions as the Administrator may deem necessary or advisable; 

  
 5 

 (ix) to amend the Plan or any Award Agreement granted under the Plan as provided in Section 16; and 

(x) to construe and interpret the terms of the Plan and Options granted pursuant to the Plan and to exercise such powers and perform such acts as the
Administrator deems necessary or desirable to promote the best interests of the Company which are not in conflict with the provisions of the Plan. 
 (c)
Effect of Administrator’s Decision. All decisions, determinations and interpretations of the Administrator shall be final and binding on all Holders. 

5. Eligibility. The Administrator shall select those Employees to whom the Company will grant Options and Stock Purchase Rights. If otherwise eligible, an
Employee who has been granted an Option or Stock Purchase Right may be granted additional Options or Stock Purchase Rights. 
 6. Limitations. 

(a) Each Option shall be designated by the Administrator in the Award Agreement as either an Incentive Stock Option or a Non-Qualified Stock Option. However,
notwithstanding such designations, to the extent that the aggregate Fair Market Value of Shares subject to a Holder’s Incentive Stock Options and other incentive stock options granted by the Company, any Parent or Subsidiary, which become
exercisable for the first time during any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options or other options shall be treated as Non-Qualified Stock Options. For purposes of this
Section 6(a), Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of the Shares shall be determined as of the time of grant. 

(b) None of the Plan, any Option or any Stock Purchase Right shall confer upon a Holder any right with respect to continuing the Holder’s employment
relationship with the Employer, nor shall they interfere in any way with the Holder’s right or the Employer’s right to terminate such employment relationship at any time, with or without cause. 

(c) No Employee shall be granted, in any calendar year, Options or Stock Purchase Rights to purchase more than 75,000 Shares; provided, however, that the
foregoing limitation shall not apply prior to the Public Trading Date and, following the Public Trading Date, the foregoing limitation shall not apply until the earliest of: (i) the first material modification of the Plan (including any
increase in the number of shares reserved for issuance under the Plan in accordance with Section 3); (ii) the issuance of all of the shares of Common Stock reserved for issuance under the Plan; (iii) the expiration of the Plan;
(iv) the first meeting of stockholders at which directors of the Company are to be elected that occurs after the close of the third calendar year following the calendar year in which occurred the first registration of an equity security of the
Company under Section 12 of the Exchange Act; or (v) such other date required by Section 162(m) of the Code and the rules and regulations promulgated thereunder. The foregoing 

  
 6 

 
limitation shall be adjusted proportionately in connection with any change in the Company’s capitalization as described in Section 13. For purposes of this Section 6(c), if an
Option is canceled in the same fiscal year of the Company it was granted (other than in connection with a transaction described in Section 13), the canceled Option will be counted against the limit set forth in this Section 6(c), For this
purpose, if the exercise price of an Option is reduced, the transaction shall be treated as a cancellation of the Option and the grant of a new Option. 

7. Term of Plan. The Plan shall become effective upon its initial adoption by the Board and shall continue in effect until it is terminated under
Section 16 of the Plan. No Options or Stock Purchase Rights may be issued under the Plan after the tenth (10th) anniversary of the earlier of (i) the date upon which the Plan is adopted by the Board or (ii) the date the Plan is
approved by the stockholders. 
 8. Term of Option. The term of each Option shall be stated in the Award Agreement; provided, however, that the term shall
be no more than ten (10) years from the date of grant thereof. In the case of an Incentive Stock Option granted to a Holder who, at the time the Option is granted, owns (or is treated as owning under Code Section 424) stock representing
more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Option shall be five (5) years from the date of grant or such shorter term as may be provided in the Award
Agreement. 
 9. Option Exercise Price and Consideration. 
 (a)
The per share exercise price for the Shares to be issued upon exercise of an Option shall be such price as is determined by the Administrator, but shall be subject to the following: 

(i) In the case of an Incentive Stock Option granted to an Employee who, at the time of grant of such Option, owns (or is treated as owning under Code
Section 424) stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price shall be one hundred and ten percent (110%) of the Fair
Market Value per Share on the date of grant. 
 (ii) In the case of an Option granted to any other Employee, the per Share exercise price shall be no less
than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. 
 (iii) Notwithstanding the foregoing, Options may be granted
with a per Share exercise price other than as required above (i) pursuant to a merger or other corporate transaction, provided the requirements of Treasury Regulation Section 1.409A-1(b)(5)(v)(D) are satisfied or (ii) if the resulting
Option otherwise satisfies the requirements of Section 409A. 
 (b) The consideration to be paid for the Shares to be issued upon exercise of an Option,
including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option, shall be determined at the time of grant). Such consideration may consist of (1) cash, (2) check, (3) with the
consent of the Administrator, a full recourse promissory note bearing interest and payable upon such terms as may be prescribed by the Administrator, (4) with the consent of the Administrator, other Shares which (x) in the case of Shares
acquired from the Company, have been owned by the Holder for more than six (6)

  
 7 

 
months on the date of surrender, and (y) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option shall be exercised,
(5) with the consent of the Administrator, delivery of a notice that the Holder has placed a market sell order with a broker with respect to Shares then issuable upon exercise of the Options and that the broker has been directed to pay a
sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price, provided, that payment of such proceeds is then made to the Company upon settlement of such sale, (6) with the consent of the
Administrator, any combination of the foregoing methods of payment or (7) a cashless exercise whereby the Holder elects, by providing written notice to the Administrator, to exercise any vested portion of his or her Option by receiving the
number of Shares equal to the difference between the aggregate Fair Market Value of the Shares for which such Option is exercised on the date of exercise by the Holder and the aggregate Option Exercise Price of such Shares divided by the Fair Market
Value per share of the Company’s Shares on the date of exercise by the Holder. 
 10. Exercise of Option. 

(a) Vesting; Fractional Exercises. Unless another vesting schedule is set forth in an Award Agreement, Options granted hereunder shall become vested and
exercisable in accordance with the following schedule: 
  

			
	% of Option	  	Vesting Date
	20%	  	Date of grant
	20%	  	First anniversary of date of grant
	20%	  	Second anniversary of date of grant
	20%	  	Third anniversary of date of grant
	20%	  	Fourth anniversary of date of grant

 Vesting shall occur on a particular vesting date only if the Holder continues to be an Employee on such vesting date. If a
Holder ceases to be an Employee for any reason prior to any vesting date, any unvested portion of the Option shall immediately expire. Notwithstanding anything to the contrary set forth in any Award Agreement, an Option may be exercised, and Shares
purchased, for a fraction of a Share. 
 (b) Deliveries upon Exercise. All or a portion of an exercisable Option shall be deemed exercised upon delivery of
all of the following to the Secretary of the Company or his or her office: 
 (i) A written or electronic notice complying with the applicable rules
established by the Administrator stating that the Option, or a portion thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Option or such portion of the Option; 

(ii) Such representations and documents as the Administrator, in its absolute discretion, deems necessary or advisable to effect compliance with Applicable
Laws. The Administrator may, in its absolute discretion, also take whatever additional actions it deems appropriate to effect such compliance, including, without limitation, placing legends on share certificates and issuing stop transfer notices to
agents and registrars; and 

  
 8 

 (iii) In the event that the Option shall be exercised pursuant to Section 10(f) by any person or persons
other than the Holder, appropriate proof of the right of such person or persons to exercise the Option. 
 (c) Conditions to Delivery of Share Certificates.
The Company shall not be required to issue or deliver any certificate or certificates for Shares purchased upon the exercise of any Option or portion thereof prior to fulfillment of all of the following conditions: 

(i) The admission of such Shares to listing on all stock exchanges, if any, on which such class of stock is then listed; 

(ii) The completion of any registration or other qualification of such Shares under any state or federal law, or under the rulings or regulations of the
Securities and Exchange Commission or any other governmental regulatory body which the Administrator shall, in its absolute discretion, deem necessary or advisable; 

(iii) The obtaining of any approval or other clearance from any state or federal governmental agency which the Administrator shall, in its absolute discretion,
determine to be necessary or advisable; 
 (iv) The lapse of such reasonable period of time following the exercise of the Option as the Administrator may
establish from time to time for reasons of administrative convenience; 
 (v) The receipt by the Company of full payment for such Shares, including payment
of any applicable withholding tax, which in the discretion of the Administrator may be in the form of consideration used by the Holder to pay for such Shares under Section 9(b); and 

(vi) The receipt by the Company of a Joinder Agreement duly executed by the Holder of such Shares. 

To the extent that the Company is unable to issue Shares for any of the reasons set forth in clauses (i), (ii), or (iii) of this Section 10(c), the
Company shall promptly take all commercially reasonable measures so that it is able to issue Shares to a Holder. 
 (d) Termination of Relationship as an
Employee. If a Holder ceases to be an Employee other than by reason of the Holder’s Disability or death, such Holder may exercise his or her Option within such period of time as is specified in the Award Agreement for such portion of the Option
which is vested on the date of termination (but in no event later than the expiration of the term of the Option as set forth in the Award Agreement). If the Award Agreement specifies a period of time for post-termination exercise of the vested
portion of the Option, the Award Agreement shall take precedence over the provisions of this Section 10(d). In the absence of a specified post-termination expiration date in the Award Agreement, the vested portion of the Option shall remain
exercisable for two (2) months following the Holder’s termination. If, on the date of termination, the Holder is not vested in a portion of the Option, unless otherwise specified in the Award Agreement, the Shares covered by the unvested
portion of the Option immediately cease to be issuable under the Option and shall again become available for issuance under the Plan. If, after termination, the Holder does not exercise the vested portion of his or her Option prior to the expiration
date as specified herein, the vested portion of the Option shall terminate, and the Shares covered by such Option shall again become available for issuance under the Plan. 

  
 9 

 (e) Disability of Holder. If a Holder ceases to be an Employee as a result of the Holder’s Disability, the
Holder may exercise his or her Option within such period of time as is specified in the Award Agreement for such portion of the Option which is vested on the date of termination (but in no event later than the expiration of the term of such Option
as set forth in the Award Agreement). If the Award Agreement specifies a period of time for post-Disability termination exercise of the vested portion of the Option, the Award Agreement shall take precedence over the provisions of this
Section 10(e). In the absence of a specified expiration date in the Award Agreement, the vested portion of the Option shall remain exercisable for twelve (12) months following the Holder’s termination. If such Disability is not a
“disability” as such term is defined in Section 22(e)(3) of the Code, in the case of an Incentive Stock Option, such Incentive Stock Option shall automatically cease to be treated as an Incentive Stock Option and shall be treated for
tax purposes as a Non-Qualified Stock Option from and after the day which is three (3) months and one (1) day following such termination. If, on the date of termination, the Holder is not vested as to his or her entire Option, unless
otherwise specified in the Award Agreement, the Shares covered by the unvested portion of the Option shall immediately cease to be issuable under the Option and shall again become available for issuance under the Plan. If, after termination, the
Holder does not exercise the vested portion of his or her Option prior to the expiration date as specified herein or in the Award Agreement, as applicable, the vested portion of the Option shall terminate, and the Shares covered by such Option shall
again become available for issuance under the Plan. 
 (f) Death of Holder. If a Holder dies while an Employee, the Option may be exercised within such
period of time as is specified in the Award Agreement for such portion of the Option which is vested on the date of death, (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement), by the
Holder’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance, but only to the extent that the Option is vested on the date of death. If the Award Agreement specifies a period of time for post-death
exercise of the vested portion of the Option, the Award Agreement shall take precedence over the provisions of this Section 10(f). In the absence of a specified time in the Award Agreement, the vested portion of the Option shall remain
exercisable for twelve (12) months following the Holder’s death. If, at the time of death, the Holder is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall immediately cease to be
issuable under the Option and shall again become available for issuance under the Plan. The vested portion of the Option may be exercised by the executor or administrator of the Holder’s estate or, if none, by the person(s) entitled to exercise
the vested portion of the Option under the Holder’s will or the laws of descent or distribution. If the vested portion of the Option is not so exercised within the time specified herein or in the Award Agreement as applicable, the vested
portion of the Option shall terminate, and the Shares covered by such Option shall again become available for issuance under the Plan. 
 (g) Regulatory
Extension. A Holder’s Award Agreement may provide that if the exercise of the vested portion of the Option following the termination of the Holder’s status as an Employee (other than upon the Holder’s death or Disability) would be
prohibited at any time solely because the issuance of shares would violate the registration requirements under the Securities Act, then 

  
 10 

 
the vested portion of the Option shall terminate on the earlier of (i) the expiration of the term of the Option set forth in Section 8 or (ii) the expiration of a period of two
(2) months after the termination of the Holder’s status as an Employee during which the exercise of the vested portion of the Option would not be in violation of such registration requirements. 

(h) Buyout Provisions. The Administrator may at any time offer to buy out for a payment in cash or Shares an Option previously granted, based on such terms and
conditions as the Administrator shall establish and communicate to the Holder at the time that such offer is made. 
 (i) Expiration of Options.
Notwithstanding the foregoing, any unexercised portion of the Option(s) held by an Employee, whether vested or not vested, shall immediately expire in the event the Employee’s employment is terminated by the Employer by reason of: 

(i) Fraud by the Employee; 
 (ii) Intentional misconduct by the
Employee; 
 (iii) Employee’s conviction of any felony offense; 

(iv) Employee’s breach of any covenants he or she has made not to compete with the Employer, not to solicit business customers of the Employer and not to
disclose the Employer’s confidential information and trade secrets; or 
 (v) Employee’s commission of any act which damages the reputation of or
causes public embarrassment to the Employer. 
 In addition, if the Company determines that, after termination of the Employee’s employment with the
Employer, the Employee during his or her term of employment committed any of the acts described in Section 10(i)(i) through Section 10(i)(v) above, all of the Employee’s unexercised Options, whether vested or not vested, shall
immediately expire. Notwithstanding the foregoing, the determination of whether an Employee’s employment shall be terminated by reason of any of the acts described in Section 10(i)(ii), Section 10(i)(iv) or Section 10(i)(v), and
the determination after the Employee’s termination of employment that the Employee committed any of the acts described in Section 10(i)(ii), Section 10(i)(iv) or Section 10(i)(v), shall require both a majority of the Board and a
majority of the Company’s officers who are members of the Board (other than the Employee). 
 (j) Retirement of Holder. If a Holder ceases to be an
Employee other than by reason of the Holder’s Disability or death, and otherwise meets the qualifications set forth in this Section 10(j), such Holder may exercise his or her Option within such period of time as is specified in the Award
Agreement for such portion of the Option which is vested on the date of termination (but in no event later than the expiration of the term of the Option as set forth in the Award Agreement). If the Award Agreement specifies a period of time for
post-termination exercise of the vested portion of the Option, the Award Agreement shall take precedence over the provisions of this Section 10(j). In the absence of a specified post-termination expiration date in the Award Agreement, the
vested portion of the Option shall remain exercisable until the expiration date as defined in the Award Agreement, if and only if, the Holder meets the following qualifications: 

  
 11 

 (i) The Holder must be 65 years of age; 

(ii) The Holder must have been an Employee of the Employer for at least five consecutive calendar years prior to termination, not including employment or
service of any kind with or to a third party even in the event the equity securities of such third party are acquired by the Company; and 
 (iii) The Holder
completely retires from the Employer and the Field of Business as a whole and does not become engaged in any business, or employed by any business entity, that is included in the Field of Business. The “Field of Business” means engaging
in, marketing, selling, managing, servicing and/or in any way becoming involved in the collection, transportation and/or disposal of solid waste. 
 If the
Holder does not meet such qualifications, and ceases to be an Employee other than by reason of the Holder’s Disability or death, the provisions of Section 10(d) shall automatically govern with respect to such Holder’s termination of
his or her relationship with the Employer as an Employee. If, on the date of termination, the Holder is not vested in a portion of the Option, unless otherwise specified in the Award Agreement, the Shares covered by the unvested portion of the
Option immediately cease to be issuable under the Option and shall again become available for issuance under the Plan. If, after termination, the Holder does not exercise the vested portion of his or her Option prior to the expiration date as
specified herein, the vested portion of the Option shall terminate, and the Shares covered by such Option shall again become available for issuance under the Plan. 

11. Transferability of Options and Stock Purchase Rights. Options and Stock Purchase Rights may not be sold, pledged, assigned, hypothecated, transferred, or
disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Holder, only by the Holder. 

12. Stock Purchase Rights. 
 (a) Rights to Purchase. Stock
Purchase Rights may be issued either alone, in addition to, or in tandem with Options granted under the Plan. After the Administrator determines that it will offer Stock Purchase Rights under the Plan, it shall advise the offeree in writing of the
terms, conditions and restrictions related to the offer, including the number of Shares that such person shall be entitled to purchase, the price to be paid (which may include, without limitation, any of the methods set forth in Section 9(b)),
and the time within which such person must accept such offer. The offer shall be accepted by execution of an Award Agreement in the form determined by the Administrator. 

(b) Vesting. Unless otherwise specified in an Award Agreement, Stock Purchase Rights granted hereunder shall become vested and exercisable in accordance with
the following schedule: 
  

			
	% of Grant	  	Vesting Date
	20%	  	Date of grant
	20%	  	First anniversary of date of grant
	20%	  	Second anniversary of date of grant
	20%	  	Third anniversary of date of grant
	20%	  	Fourth anniversary of date of grant

  
 12 

 Vesting shall occur on a particular vesting date only if the Holder continues to be an Employee on such vesting
date. If a Holder ceases to be an Employee for any reason prior to any vesting date, any unvested portion of the Stock Purchase Right shall immediately expire. 

(c) Repurchase Right. Unless the Administrator determines otherwise, the Award Agreement shall grant the Company the right to repurchase Shares acquired upon
exercise of a Stock Purchase Right upon the termination of the purchaser’s status as an Employee for any reason. The purchase price for Shares repurchased by the Company pursuant to such repurchase right and the rate at with such repurchase
right shall lapse shall be determined by the Administrator in its sole discretion, and shall be set forth in the Award Agreement. 
 (d) Other Provisions.
The Award Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. 

(e) Rights as a Shareholder. No Shares shall be issued to the Holder until the conditions set forth in Sections 10(c) and 14 are satisfied. No adjustment shall
be made for a dividend or other rights for which the record date is prior to the date the Stock Purchase Right is exercised and the conditions set forth in Sections 10(c) and 14 are satisfied, except as provided in Section 15 of the Plan. 

 

	13.	Adjustments upon Changes in Capitalization, Merger or Asset Sale. 

 (a) In the event that any dividend or other
distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, reclassification, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase,
liquidation, dissolution, or sale, transfer, exchange or other disposition of all or substantially all of the assets of the Company, or exchange of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase
Common Stock or other securities of the Company, or other similar corporate transaction or event, affects the Common Stock such that an adjustment is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits
intended to be made available under the Plan or with respect to any Option, Stock Purchase Right, or Restricted Stock, then the Administrator shall, in an equitable manner, adjust any or all of: 

(i) the number and kind of shares of Common Stock (or other securities or property) with respect to which Options or Stock Purchase Rights may be granted or
awarded (including, but not limited to, adjustments of the limitations in Section 3 on the maximum number and kind of shares which may be issued and adjustments of the maximum number of Shares that may be purchased by any Holder in any fiscal
year pursuant to Section 6(c)); 
 (ii) the number and kind of shares of Common Stock (or other securities or property) subject to outstanding Options,
Stock Purchase Rights or Restricted Stock; and 
 (iii) the grant or exercise price with respect to any Option or Stock Purchase Right. 

  
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 (b) In the event of any transaction or event described in Section 13(a), the Administrator, in its sole and
absolute discretion, and on such terms and conditions as it deems appropriate, either by the terms of the Option, Stock Purchase Right or Restricted Stock or by action taken prior to the occurrence of such transaction or event and either
automatically or upon the Holder’s request, is hereby authorized to take any one or more of the following actions whenever the Administrator determines that such action is appropriate in order to prevent dilution or enlargement of the benefits
or potential benefits intended to be made available under the Plan or with respect to any Option, Stock Purchase Right or Restricted Stock granted or issued under the Plan or to facilitate such transaction or event: 

(i) To provide for either the purchase of any such Option, Stock Purchase Right or Restricted Stock for an amount of cash equal to the amount that could have
been obtained upon the exercise of such Option or Stock Purchase Right or realization of the Holder’s rights had such Option, Stock Purchase Right or Restricted Stock been currently exercisable or payable or fully vested or the replacement of
such Option, Stock Purchase Right or Restricted Stock with other rights or property selected by the Administrator in its sole discretion; 
 (ii) To provide
that such Option or Stock Purchase Right shall be exercisable as to all shares covered thereby, notwithstanding anything to the contrary in the Plan or the provisions of such Option or Stock Purchase Right; 

(iii) To provide that such Option, Stock Purchase Right or Restricted Stock be assumed by the successor or survivor corporation, or a parent or subsidiary
thereof; or shall be substituted for by similar options, rights or awards covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices;

 (iv) To make adjustments in the number and type of shares of Common Stock (or other securities or property) subject to outstanding Options, Stock Purchase
Rights or Restricted Stock and/or in the terms and conditions of (including the grant or exercise price), and the criteria included in, outstanding Options, Stock Purchase Rights or Restricted Stock or Options, Stock Purchase Rights or Restricted
Stock that may be granted in the future; and 
 (v) To provide that immediately upon the consummation of such event, such Option or Stock Purchase Right
shall not be exercisable and shall terminate; provided, that for a specified period of time prior to such event, such Option or Stock Purchase Right shall be exercisable as to all Shares covered thereby, and the restrictions imposed under an Award
Agreement upon some or all Shares may be terminated, and, in the case of Restricted Stock, some or all shares of such Restricted Stock may cease to be subject to repurchase, notwithstanding anything to the contrary in the Plan or the provisions of
such Award Agreement. 
 (c) Subject to Section 3, the Administrator may, in its discretion, include such further provisions and limitations in any
Award Agreement as it may deem equitable and in the best interests of the Company. 

  
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 (d) If the Company undergoes a Change of Control, then any surviving corporation or entity or acquiring
corporation or entity, or affiliate of such corporation or entity, may assume any Options, Stock Purchase Rights or Restricted Stock outstanding under the Plan or may substitute similar stock awards (including an award to acquire the same
consideration paid to the stockholders in the transaction described in this subsection 13(d)) for those outstanding under the Plan. In the event any surviving corporation or acquiring corporation following a Change of Control does not assume such
Options, Stock Purchase Rights or Restricted Stock or does not substitute similar stock awards for those outstanding under the Plan, then with respect to (i) Options, Stock Purchase Rights or Restricted Stock held by Holders whose status as an
Employee has not terminated prior to such event, the vesting of such Options, Stock Purchase Rights, or Restricted Stock (and, if applicable, the time during which such awards may be exercised) shall be accelerated and made fully exercisable and all
restrictions thereon shall lapse at least ten (10) days prior to the closing of the Change of Control (and the Options or Stock Purchase Rights terminated if not exercised prior to the closing of such Change of Control), and (ii) any other
Options or Stock Purchase Rights outstanding under the Plan, such Options shall be terminated if not exercised prior to the closing of the Change of Control. 

(e) The existence of the Plan, any Award Agreement and the Options or Stock Purchase Rights granted hereunder shall not affect or restrict in any way the right
or power of the Company or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any merger or consolidation of the Company, any
issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior preference stocks whose rights are superior to or affect the Common Stock or the rights thereof or which are convertible into or
exchangeable for Common Stock, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 

(f) Notwithstanding any provision herein to the contrary, no adjustment shall be made under this Section 13 to the extent it would give rise to adverse
tax consequences under Section 409A. 
 14. Applicability of Shareholders Agreement. No Shares shall be issued pursuant to an Option or a Stock
Purchase Right until the Holder executes a Joinder Agreement. A Holder shall not acquire any stockholder rights with respect to Shares subject to an Option or Stock Purchase Right until the Holder is issued stock certificates with respect to the
Shares and the Holder has executed a Joinder Agreement. 
 15. Time of Granting Options and Stock Purchase Rights. The date of grant of an Option or Stock
Purchase Right shall, for all purposes, be the date on which the Administrator makes the determination granting such Option or Stock Purchase Right, or such other date as is determined by the Administrator. Notice of the determination shall be given
to each Employee to whom an Option or Stock Purchase Right is so granted within a reasonable time after the date of such grant. 
 16. Amendment and
Termination of the Plan. 
 (a) Amendment and Termination. The Board may at any time wholly or partially amend, alter, suspend or terminate the Plan.
However, without approval of the Company’s stockholders given within twelve (12) months before or after the action by the Board, no action of the Board may, except as provided in Section 13, increase the limits imposed in
Section 3 on the maximum number of Shares which may be issued under the Plan or extend the term of the Plan under Section 7. 

  
 15 

 (b) Shareholder Approval. The Board shall obtain stockholder approval of any Plan amendment to the extent
necessary and desirable to comply with Applicable Laws. 
 (c) Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the
Plan shall impair the rights of any Holder, unless mutually agreed otherwise between the Holder and the Administrator, which agreement must be in writing and signed by the Holder and the Company. Termination of the Plan shall not affect the
Administrator’s ability to exercise the powers granted to it hereunder with respect to Options granted or awarded under the Plan prior to the date of such termination. 

17. Shareholder Approval. Solely for the purpose of permitting grants of Incentive Stock Options, the Plan shall be submitted for the approval of the
Company’s stockholders within twelve (12) months after the date of the Board’s initial adoption of the Plan. Incentive Stock Options may be granted or awarded prior to such stockholder approval, provided that such Options shall be
treated as Non-Qualified Stock Options if such approval is not obtained. 
 18. Inability to Obtain Authority. The inability of the Company to obtain
authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the
failure to issue or sell such Shares as to which such requisite authority shall not have been obtained. 
 19. Reservation of Shares. The Company, during
the term of this Plan, shall at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 

20. Investment Intent. The Company may require a Holder, as a condition of exercising or acquiring stock under any Option or Stock Purchase Right, (i) to
give written assurances satisfactory to the Company as to the participant’s knowledge and experience in financial and business matters and/or to employ a purchaser representative reasonably satisfactory to the Company who is knowledgeable and
experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the purchaser representative, the merits and risks of exercising the Option or Stock Purchase Right; and (ii) to give written
assurances satisfactory to the Company stating that the participant is acquiring the stock subject to the Option or Stock Purchase Right for the participant’s own account and not with any present intention of selling or otherwise distributing
the stock. The foregoing requirements, and any assurances given pursuant to such requirements, shall be inoperative if (A) the issuance of the shares upon the exercise or acquisition of stock under the applicable Option or Stock Purchase Right
has been registered under a then currently effective registration statement under the Securities Act or (B) as to any particular requirement, a determination is made by counsel for the Company that such requirement need not be met in the
circumstances under the then applicable securities laws. The Company may, upon advice of counsel to the Company, place legends on stock certificates issued under the Plan as such counsel deems necessary or appropriate in order to comply with
applicable securities laws, including, but not limited to, legends restricting the transfer of the stock. 

  
 16 

 21. Section 409A. Notwithstanding any provision of the Plan to the contrary, all awards under this Plan are
intended to be exempt from (including as a result of the exemptions for stock rights and short-term deferrals), or alternatively comply with, Section 409A, and the Plan and all Award Agreements shall be interpreted in accordance with such
intent. However, the Company does not guarantee any particular result under Section 409A for any Holder. 
 22. Governing Law. The validity and
enforceability of this Plan shall be governed by and construed in accordance with the laws of the State of Delaware without regard to principles of conflicts of law. 

(signature page follows) 

  
 17 

 ****** 
 I hereby
certify that the Plan was duly adopted by the Board of Directors of Advanced Disposal Waste Holdings Corp. on October 29, 2012. 
 Executed
Jacksonville, Florida on this 29th day of October, 2012 
  

	
	ADVANCED DISPOSAL WASTE HOLDINGS CORP.
	   

	Name:

  
 18

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