Document:

exv10w17

Exhibit 10.17

AMENDMENT NO. 1 TO

REPUBLIC SERVICES, INC. DEFERRED COMPENSATION PLAN

AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2010

     WHEREAS, Republic Services, Inc. (the “Company”) maintains the Republic Services, Inc.
Deferred Compensation Plan (the “Plan”);

     WHEREAS, the Plan was most recently amended and restated effective as of January 1, 2010; and

     WHEREAS, the Company desires to amend the Plan to vest in the Company’s Retirement Benefits
Committee the responsibility to determine the timing and manner of reallocations to and from the
Republic Services Stock Investment Fund.

     NOW THEREFORE, the Plan is hereby amended, effective as of January 6, 2011, by substituting
the following for Section 3.9(d)(i) of the Plan:

A Participant may elect to allocate any portion of his or her future Annual Deferral Amounts
(other than any amounts that are required to be allocated to the Republic Services Stock
Unit Fund), Company Contribution Amounts, Company Restoration Matching Amounts and Company
Additional Matching Amounts, and/or re-allocate any portion of his or her Account Balance
(other than any amounts that are required to be allocated to the Republic Services Stock
Unit Fund) to the Republic Services Stock Investment Fund. The Committee may, in its sole
discretion, establish limitations as to the timing and manner of allocations or
reallocations into or out of the Republic Services Stock Investment Fund. Notwithstanding
anything to the contrary contained in this Section 3.9 the Committee may, in its sole
discretion, disallow any allocation or reallocation which is made during a period in which
the Participant is prohibited (by Company policy or otherwise) from acquiring or disposing
of the Company’s equity securities.

     IN WITNESS WHEREOF, the Company has caused the Plan to be amended as set forth herein as of
January 6, 2011.

	 	 	 	 	 
	 	REPUBLIC SERVICES, INC.

 	 
	 	By: /s/ Michael P. Rissman	 
	 	
 
	 
	 	Name: 	Michael P. Rissman 	 
	 	Title: 	Executive Vice President and

General Counselexv10w39

Exhibit 10.39

	 	 	 

	Date:

	 	June 14, 2010, revised December 29, 2010
	 
	 	 
	To:

	 	Kevin Walbridge
	 
	 	 
	From:

	 	Don Slager
	 
	 	 
	Re:

	 	Promotion to Executive Vice President of Operations

 

I am very pleased that you have accepted the Company’s offer to promote you to the position of
Executive Vice President, Operations. The terms and conditions of your new position are contingent
on the approval of the Compensation Committee of the Company’s Board of Directors and are outlined
below:

Effective Date: Your position will begin on or about October 1, 2010, or as mutually
agreed;

Reporting: The position reports directly to me, or other individuals as the Company may
direct;

Salary: Your new base salary will be $475,000, less applicable withholdings;

Bonus: You will continue to be eligible to participate in the Company’s Management
Incentive Plan (“MIP”) or any successor or similar plan maintained by the Company for the
benefit of similarly situated employees. Under the current MIP, the target bonus for your
position is 80% of your base compensation, but this bonus is subject to change at the
discretion of the Company;

Equity Award: You will be eligible for an equity award in early 2011 valued at $186,500,
subject to approval by the Compensation Committee of the Company’s Board of Directors;

Long-Term Incentive Plan: You will continue to be eligible to participate in our Long-Term
Incentive Plan for the 2009-2011 and 2010-2012 cycles on the same basis as you are
currently participating. A new award opportunity will be established in 2011 valued at
$250,000, subject to approval by the Compensation Committee. This incentive will be tied
to achieving our key financial goals over the following three-year period (2011—2013). A
new LTIP award opportunity will be established each year so that this incentive will become
part of your annual compensation. The 2011-2013 LTIP cycle and all subsequent LTIP cycles
are provided at the discretion of the Company and subject to the approval of the
Compensation Committee;

1

 

 

Deferred Compensation Plan: A 2011 annual contribution of $65,000 will be made into the
Deferred Compensation Plan account as a special executive benefit. This contribution is
made at the discretion of the Compensation Committee;

Synergy Incentive Plan: You will continue to be eligible for your one-time integration
bonus in accordance with the terms and conditions of the Company’s Synergy Incentive Plan.
Your target Synergy Bonus opportunity remains $1,000,000;

Vacation: Vacation time will be accrued and used in accordance with the applicable vacation
policy;

Benefits: You will continue to be eligible to participate in all benefit plans that the
Company makes available to similarly-situated employees, including the Company’s 401k,
medical, dental, vision, life insurance, short- term disability, and long-term disability
plans;

Relocation: You will be eligible to receive relocation benefits to assist you with your
relocation from Indianapolis to the Phoenix, Arizona area. These benefits will be
appropriate to executives at your level as determined by the company and will take into
account, among other things, any losses you incur as a result of the relocation;

Employment Agreement: Your December 5, 2008 Employment Agreement (“Employment Agreement”)
will continue in accordance with its terms except as modified in this offer. This
memorandum shall serve as the new “Appendix B” to your Employment Agreement;

Noncompetition, Non-Solicitation and Confidentiality Agreement: This offer is contingent
on you timely signing and returning to me a new Noncompetition, Non-Solicitation and
Confidentiality Agreement. Your new Agreement is enclosed with this offer and will serve as
“Appendix A” to your Employment Agreement.

Kevin, I am excited to have you join the team in Phoenix and look forward to working with you in
your new role. To confirm the terms and conditions of your new position, please sign below where
indicated. As always, please do not hesitate to contact me if you have any questions.

I understand all the terms offered to me and accept employment on these terms. I understand and
agree that either the Company or I may terminate the employment relationship at any time for any
reason. I agree that no other promises have been made to me and that this memorandum shall have no
effect until it is approved by the Compensation Committee.

	 	 	 

	/s/ KEVIN C. WALBRIDGE

	 	December 29, 2010
	 

	 	 
	Kevin Walbridge

	 	Date

2exv10w40

Exhibit 10.40

REPUBLIC SERVICES, INC. RELOCATION EXPENSE

REIMBURSEMENT AGREEMENT

This Relocation Expense Reimbursement Agreement (the “Agreement” is entered into this 25 day
of October, 2010, between Republic Services, Inc., its subsidiary, affiliated, predecessor and
successor corporations and entities (the “Company”) and Kevin C. Walbridge (“Employee”).

Agreement

     In consideration of the Company’s payment of Relocation Expenses and for other valuable
consideration, the sufficiency of which are acknowledged, the parties agree as follows:

     1. Payment of Relocation Expenses by Company. The Company agrees to pay on
behalf of Employee or reimburse Employee for only those Relocation Expenses approved by the Company
as set forth in the Relocation Program Handbook, which Employee will obtain from Primacy
Relocation. Employee is solely responsible for all Relocation Expenses that are not provided for in
the Relocation Program Handbook. Employee shall keep and submit to the Company records and receipts
showing all Relocation Expenses incurred pursuant to this Agreement. These records and receipts
must comply with the Company’s expense reimbursement policies in effect at the time the expense is
incurred and must at a minimum reflect the purpose of each expenditure and the person or entity to
whom each expenditure was made.

     2. Repayment of Relocation Expenses by Employee. Employee shall repay the
Company for Relocation Expenses paid to Employee or third parties on behalf of Employee as follows:

          (a) Upon Resignation or Discharge: If Employee resigns or is involuntarily discharged
by the Company “for Cause,” the employee will be required to repay all “Relocation Expenses,” which
are defined as all relocation-related expenses paid or incurred by the Company within a time-period
ending 24 months after the date the Employee begins work for the Company at the destination
location (the “effective date of transfer or new hire”), based on the following schedule:

	•	 	Resignation or discharge within 12 months of the effective date of transfer or new hire —
100% of the Relocation Expenses, or
	 
	•	 	Resignation or discharge more than 12 months but less than 24 months after the effective
date of transfer or new hire — 50% of the Relocation Expenses.

For purposes of this Agreement, “Cause” means: (i) Employee is convicted of or pleads guilty (or
nolo contendere) to a felony or other crime involving moral turpitude; (ii) the Company determines
that Employee knowingly breached any term of his or her Employment Agreement (if applicable); (iii)
the Company determines that Employee knowingly violated any of the Company’s policies, rules, or
guidelines; or (iv) the Company determines that Employee willfully engaged in conduct, or failed to
perform assigned duties, the result of which exposes the Company to serious actual or potential
injury (financial or otherwise).

          (b) Upon Employment with Competitor. If Employee resigns or is
involuntarily discharged by the Company for Cause and accepts employment with a competitor of the
Company within 24 months after the effective date of transfer or new hire, Employee shall repay the
Company 100% of the total Relocation Expenses. If Employee has already repaid a pro rata share of
the Relocation Expenses in accordance with Section 2(a), then Employee shall pay to the Company
100% of the remainder of the Relocation Expenses. For purposes of this Agreement, the definition
of competitor is the one used in Employee’s applicable non-competition, non-solicitation and/or
confidentiality agreement

          (c) Terms of Repayment. Employee shall repay any Relocation Expenses to the
Company by cashier’s check or wire transfer of immediately available funds as follows: (i) any

 

 

 

amounts due pursuant to Section 2(a) shall be paid within 45 days after the employment termination
date; and (ii) any amounts due pursuant to Section 2(b) shall be paid within 30 days after Employee
accepts employment with a competitor of the Company.. Notwithstanding the foregoing, to the extent
permitted by applicable law, the Company may elect to withhold any amounts due for the repayment of
Relocation Expenses from any compensation due to Employee as of the termination date, and Employee
hereby agrees to such withholding and authorizes the Company to withhold such amounts.

          (d) Exception. The repayment obligations of Paragraph 2 will not apply where
prohibited by the Sarbanes-Oxley Act.

     3. Miscellaneous.

          (a) Binding Effect; Amendment. This Agreement and the rights of the parties
hereunder shall be binding upon and shall inure to the benefit of the parties hereto. This
Agreement, upon execution and delivery, constitutes a valid and binding agreement of the parties
hereto enforceable in accordance with its terms and may be modified or amended only by a written
instrument executed by all of the parties.

          (b) Entire Agreement. This Agreement is the final, complete and exclusive statement
of the agreement among the parties with relation to the subject matter of this Agreement. There are
no oral representations, understandings or agreements covering the same subject matter as this
Agreement. This Agreement supersedes and cannot be varied, contradicted or supplemented by evidence
of any prior or contemporaneous discussions, correspondence, or oral or written agreements or
arrangements of any kind.

          (c) Severability. If any provision of this Agreement shall be invalid,
illegal or unenforceable, it shall, to the extent possible, be modified in such manner as to be
valid, legal and enforceable but so as most nearly to retain the intent of the parties. If such
modification is not possible, such provision shall be severed from this Agreement. In either case,
the validity, legality and enforceability of the remaining provisions of this Agreement shall not
in any way be affected or impaired thereby.

          (d) Governing Law. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of Arizona, without giving effect to any choice or
conflict of law provision or rule (whether of the State of Arizona or any other jurisdiction) that
would cause the application of the laws of any jurisdiction other than the State of Arizona.

          (e) Attorneys’ Fees. In the event either party commences litigation for the judicial
interpretation, enforcement, termination, cancellation or rescission hereof, or for damages
(including liquidated damages) for the breach hereof, then, in addition to any or all other relief
awarded in such litigation, the prevailing party therein shall be entitled to a judgment against
the other for an amount equal to reasonable attorneys’ fees, expert witness fees, litigation
related expenses, and court costs in such litigation.

           (f) Withholding. All payments made to the Employee will be made net of any
applicable withholding for taxes. If the Company makes any payments on behalf of the Employee, the
Employee agrees to pay all applicable withholding taxes to the Company.

          (g) Section 409A. Notwithstanding anything herein or in the Relocation Program
Handbook to the contrary, except to the extent any expense or reimbursement described herein or the
Relocation Program Handbook does not constitute a deferral of compensation within the meaning of
Section 409A of the Internal Revenue Code of 1986, as amended, any expense or reimbursement will
meet the following requirements: (i) the amount of expenses eligible for reimbursement or in-kind
benefits provided to Employee during any calendar year will not affect the amount of expenses
eligible for reimbursement or in-kind benefits provided to Employee in any other calendar year;
(ii) the reimbursement for expenses for which Employee is entitled to be reimbursed will be made on
or before the last day of the calendar year following the

 

 

 

calendar year in
which the applicable expense is incurred; (iii) the right to payment, reimbursement or in-kind
benefits hereunder may not be liquidated or exchanged for any other benefit; and (iv) the payments
or reimbursements will be made pursuant to objectively determinable nondiscretionary Company
policies and procedures regarding such reimbursement of expenses.

     IN WITNESS WHEREOF, the parties have entered into this Agreement as of the date
first written above.

Date: October 25, 2010

	 	 	 	 	 

	By:

	 	/s/ KEVIN C. WALBRIDGE
 

	 	 

Name: Kevin C. Walbridge

Title: Executive Vice President, Operations

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