Document:

EX-10.1

 Exhibit 10.1 

THE GREENBRIER COMPANIES 

NONQUALIFIED DEFERRED COMPENSATION PLAN FOR DIRECTORS 

Amendment No. 1 

WHEREAS, The Greenbrier Companies, Inc. (the “Company”) has adopted The Greenbrier Companies Nonqualified Deferred Compensation Plan
for Directors (“Plan”) which became effective July 1, 2012; and 
 WHEREAS, the Company has the authority to amend the Plan
and desires to do so; 
 NOW, THEREFORE, the Plan is amended as follows: 

1. Elimination of Continuing Deferral Elections. Section 2.02(D) of the Adoption Agreement is amended to read as follows, in order
to eliminate continuing deferral elections and require that Participants make new elections with respect to each Taxable Year: 
 2.02(D)
Election Duration. A Participant’s Elective Deferral election (choose one of (a) or (b)): 
 “[X] (a)
Taxable Year(s) only. Applies only to the Participant’s cash Compensation earned and/or equity awarded for the Taxable Year or Taxable Years for which the Participant makes the election. 

[    ] (b) Continuing. Applies to the Participant’s Compensation for all Taxable Years, commencing with
the Taxable Year for which the Participant makes the election, unless the Participant makes a new election or revokes or modifies an existing election.” 

2. Installment Payment Elections. Section 4.02(b)(ii) of the Adoption Agreement is amended to read as follows: 

“[X] (ii) Installments. In installments as follows: Annual installments over a period not to exceed ten years.”

 3. Effective Date. This Amendment shall be effective December 15, 2015. Except as hereby amended, the Plan shall remain in
full force and effect. 
  

			
	THE GREENBRIER COMPANIES, INC.
		
	By:	 	 /s/ Martin R. Baker

		 	(Signature)
		
		 	 Martin R. Baker, Senior Vice President

		 	(Print or Type Name and Title)

  
 1EX-10.2

 Exhibit 10.2 

THE GREENBRIER COMPANIES NONQUALIFIED DEFERRED COMPENSATION PLAN 

Amendment No. 5 

WHEREAS, The Greenbrier Companies, Inc. (“Employer”) has adopted The Greenbrier Companies Nonqualified Deferred Compensation Plan
(“Plan”) which became effective March 1, 1994, and which was most recently restated effective January 1, 2010; and 

WHEREAS, the Employer has the authority to amend the Plan and desires to do so; 

NOW, THEREFORE, the Plan is amended as follows: 

1. Definition of “Compensation.” Section 1.15(e) of the Adoption Agreement, as previously amended, is deleted in its
entirety and replaced with the following language: 
 “(e) Eligible Compensation shall include only Base Salary (which for non-salaried
Employees means regularly recurring base wages, including over-time and shift differential), annual bonus, and equity-based compensation (but excluding dividends or dividend-equivalent payments), and shall exclude all other forms of
compensation.” 
 2. Participation. Section 2.01 of the Adoption Agreement is amended by deleting the selection of
subsection (c) and selecting subsection (a), in order to designate as Participants in the Plan all top-hat Employees whom the Employer designates in writing as part of a select group of management or highly compensated employees. The Employer
designates as Participants in the Plan: (1) All Employees who currently have an Account balance (regardless of level of base compensation); and (2) all Employees with base compensation of $150,000 or greater. 

3. Elimination of Continuing Deferral Elections. Section 2.02(D) of the Adoption Agreement is amended to read as follows, in order
to eliminate continuing deferral elections and require that Participants make new elections with respect to each Taxable Year: 
 2.02(D)
Election Duration. A Participant’s Elective Deferral election (choose one of (a) or (b)): 
 “[X] (a)
Taxable Year(s) only. Applies only to the Participant’s cash Compensation earned and/or equity awarded for the Taxable Year or Taxable Years for which the Participant makes the election. 

[    ] (b) Continuing. Applies to the Participant’s Compensation for all Taxable Years, commencing with
the Taxable Year for which the Participant makes the election, unless the Participant makes a new election or revokes or modifies an existing election.” 

4. Installment Payment Elections. Section 4.02(b)(ii) of the Adoption Agreement is amended to read as follows: 

“[X] (ii) Installments. In installments as follows: Annual installments over a period not to exceed ten years.”

  
 1 

 5. Effective Date. This Amendment shall be effective December 8, 2015. Except as
hereby amended, the Plan shall remain in full force and effect. 
  

			
	THE GREENBRIER COMPANIES, INC.
		
	By:	 	 /s/ Martin R. Baker

		 	(Signature)
		
		 	 Martin R. Baker, Senior Vice President

		 	(Print or Type Name and Title)

  
 2EX-10.3

 Exhibit 10.3 

CONSULTING SERVICES AGREEMENT 

This Consulting Services Agreement (this “Agreement”) is entered into effective as of January 7, 2016 (the “Effective
Date”), by and between Greenbrier Leasing Company LLC, an Oregon limited liability company (“Client”), and Charles J. Swindells, an individual (“Consultant”). 

WHEREAS, Client desires to retain Consultant to provide certain consulting services to Client on the terms and conditions contained in this
Agreement; 
 NOW THEREFORE, Client and Consultant hereby agree as follows: 

 

	SECTION 1	DUTIES OF CONSULTANT. 

 1.1. Consultant shall render advice and consultation to Client
with respect to strategic matters, new business development and government relations, and other matters pertaining to the rail supply industry, all as assigned by William A. Furman, President of The Greenbrier Companies, Inc. Consultant shall
provide independent advisory and consulting services to Client, rendering such services in order to maintain, improve and extend the business of Client and further its reputation and business interests. Consultant shall devote such time and effort
to the performance of his or her duties as shall be reasonably necessary. Consultant agrees to fulfill Consultant’s obligations herein in a businesslike manner, acting always in accordance with applicable laws and customs. 

1.2. Consultant shall provide advice and recommendations to Client; all decisions will be made solely by Client. Consultant shall have no
authority to contractually bind or obligate Client. 
  

	SECTION 2	TERM AND RENEWAL. 

 2.1. The term of this Agreement shall commence as of the Effective
Date and shall continue for a period of one year from that date, subject to automatic renewal as provided for in Section 2.2 and early termination as provided for in Section 7. 

2.2. The term of this Agreement shall automatically renew for an additional one year period on the first and each subsequent anniversary of
the Effective Date (each, an “Anniversary Date”), unless either Client or Consultant notifies the other party not less than 30 days prior to the Anniversary Date of such party’s intent not to renew the Agreement, or this Agreement is
earlier terminated in accordance with Section 7. 
  

	SECTION 3	CONSIDERATION. 

 Consideration for all services performed by Consultant pursuant to this Agreement shall
be paid promptly by Client as follows: 
 3.1. Client agrees to pay, and Consultant agrees to accept, as full compensation for
Consultant’s services hereunder, the sum of $120,000 per year, to be paid by direct deposit to Consultant’s bank account in equal monthly installments, in advance, on or about the eleventh day of each month during the engagement; provided,
however, notwithstanding anything to the contrary herein, in no event shall Consultant be paid any amount of direct compensation during any 12-month period within the last three years that would exceed the limitation on compensation set forth in
Section 303A.02(b)(ii) of the NYSE Listed Company Manual and result in Consultant no longer being considered an “independent director” thereunder. 

  
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Agreement 
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 3.2. Client shall reimburse Consultant for all actual out-of-pocket expenses reasonably incurred
by Consultant on behalf of, and approved by, Client in accord with Client’s normal expense reimbursement policies, including but not limited to air fare or transportation costs; food and lodging costs; long-distance telephone charges; and
postage and express mail charges. Such agreed-upon expenses and travel allowances shall be due and payable to Consultant ten (10) days following the receipt by Client of a properly prepared expense report in a form provided by Client and
supporting documentation in a form reasonably acceptable to Client. 
 3.3. Consultant is furnishing the services herein set forth as an
independent contractor and not as an employee. This Agreement is not intended to create a partnership, joint venture, or any other entity or business association between Client and Consultant. Consultant shall be responsible for his or her own acts,
and Client shall not be required to make provision for withholdings, taxes, unemployment insurance, workers’ compensation insurance, or similar benefits. Consultant is solely responsible for determining the methods and means used in performing
the services rendered to Client hereunder. 
  

	SECTION 4	COMPETITION. 

 During the term of Consultant’s engagement hereunder, and for a period of one year
thereafter, Consultant shall not, directly or indirectly: 
 4.1. Associate with (either as a stockholder, director, officer, manager,
consultant, advisor, employee, member, partner or otherwise, of or through any corporation, partnership, limited liability company, association, firm or otherwise), or engage in, participate in, or be connected in any manner with, any enterprise or
business that is engaged in the design, manufacture, purchase, sale, lease, marketing or refurbishing of railroad freight cars or components thereof in competition with Client or Client’s affiliates in any geographic location in which Client or
Client’s affiliates are engaged in business or seeking to engage in business; 
 4.2. Employ (including retaining as a consultant),
solicit for employment, or advise or recommend to any other person, firm or entity that it employ or solicit for employment, any current or future employee or consultant of Client or any of its affiliates; or 

4.3. Induce or attempt to persuade any current or future client, customer, supplier, officer, employee, agent, manager, consultant, director
or other participant in Client or any of its affiliates to terminate such employment or other relationship. 
  

	SECTION 5	CONFIDENTIAL INFORMATION. 

 During and after the term of the engagement, Consultant shall not use or
disclose to any person, firm or entity any Confidential Information (as defined herein), except with the prior written consent of Client. “Confidential Information” means all of Client’s proprietary information, including, without
limitation, financial data, documentation, trade secrets, information concerning the operation, design and marketing of products, services or processes, know-how, improvements, techniques, business plans and procedures, customer and supplier lists
and information, files and profiles, needs analyses, calculations, data, manuals, specifications, performance standards, instructions and inventions. The 

  
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Agreement 
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obligations imposed by this covenant shall not apply with respect to (a) disclosure required by law, regulation or judicial process; provided that Client shall have been given reasonable
advance notice of the required disclosure and Consultant shall cooperate with Client in limiting such disclosure and in obtaining protective orders where appropriate; or (b) information that is in the public domain. 

 

	SECTION 6	INDEMNIFICATION. 

 During the term of the engagement and thereafter, Consultant shall indemnify, defend
and hold Client harmless from and against all claims and actions and all expenses incidental to such claims or actions, based upon or arising out of damage to property or injuries to persons or other tortious acts caused or contributed to by
Consultant or anyone acting under his or her direction or control or on his or her behalf in the course of performance under this Agreement, provided Consultant’s aforesaid indemnity and hold-harmless agreement shall not be applicable to any
liability based upon the sole negligence of Client. Consultant further indemnifies Client with respect to any and all income tax, social security contributions and the like which may be found due from Client on any payments or arrangements made
under this Agreement together with any interest, penalty or gross-up thereon. 
  

	SECTION 7	TERMINATION. 

 7.1. Notwithstanding any other provision herein, Consultant’s
services may be terminated by Client upon written notice to Consultant, effective immediately, if Consultant shall have engaged in conduct which, in the opinion of the President of Client, has brought or is likely to bring either Consultant or
Client into disrepute or has or is likely to impair Consultant’s ability to provide services to Client or to do so in a manner or at a time reasonably required by Client. 

7.2. Notwithstanding anything herein to the contrary, either party may terminate Consultant’s services under this Agreement, with or
without cause, upon the giving of ninety (90) days’ advance written notice to the other. 
  

	SECTION 8	ASSIGNMENT AND SUBCONTRACTING. 

 Consultant may not assign or transfer his interests or claims under this
Agreement, or subcontract his services hereunder, without the prior written consent of Client. 
  

	SECTION 9	ATTORNEY FEES. 

 If suit or action is instituted in connection with any controversy arising out of this
Agreement, the prevailing party shall be entitled to recover, in addition to costs, such sum as the court may adjudge reasonable as attorney fees for services rendered before trial, during trial and in any appeals. 

 

	SECTION 10	APPLICABLE LAW AND VENUE. 

 10.1. This Agreement shall be binding on and shall be for the
benefit of the parties hereto and shall be governed by the laws of the State of Oregon. 
 10.2. Consultant hereby consents to the exclusive
jurisdiction of, and venue in, federal and/or state courts located in the State of Oregon, Multnomah County, for any action arising out of or in connection with this Agreement. 

  
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	SECTION 11	NOTICES. 

 All notices required or permitted to be given under this Agreement shall be given by certified
or express mail to the parties at the addresses given herein. 
  

	SECTION 12	SEVERABILITY. 

 Any provision of this Agreement prohibited or unenforceable in any jurisdiction shall be
ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in one jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction. 
  

	SECTION 13	COMPLETE AGREEMENT. 

 This Agreement replaces and supersedes the Prior Agreement and constitutes the
complete agreement between Consultant and Client. No representation or promise, either oral or written, has been made except as specifically set forth herein. 
  

											
	CLIENT:	  		  	CONSULTANT:	  	
				
	Greenbrier Leasing Company LLC	  		  	Charles J. Swindells	  	
	One Centerpointe Drive, Suite 200	  		  	500 NW Hilltop Road	  	
	Lake Oswego OR 97035	  		  	Portland, OR 97210	  	
	Telephone: (503) 684-7000	  		  	Telephone: (503) 803-7129	  	
	Facsimile: (503) 684-7553	  		  	Facsimile: (503) 227-2428	  	
			
	GREENBRIER LEASING COMPANY LLC	  	CHARLES J. SWINDELLS	  	
						
	By:	  	 /s/ Martin R. Baker
	  		  		  		  	
	Title:	  	 Senior Vice President
	  		  	Signature:	  	 /s/ Charles J. Swindells
	  	
	Date:	  	 January 15, 2016
	  		  	Date:	  	 January 8, 2016
	  	

  
 Consulting Services
Agreement 
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