Document:

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EXHIBIT 10.17

                           ABM INDUSTRIES INCORPORATED

                           SERVICE AWARD BENEFIT PLAN

                        AS AMENDED AS OF JANUARY 1, 2003

<TABLE>
<CAPTION>
ARTICLE                                                                  COMMENCING
NUMBER DESCRIPTION                                                         ON PAGE
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<S>                                                                      <C>
1. NAME, EFFECTIVE DATE, PURPOSE AND CONSTRUCTION ..................         1-1

2. DEFINITIONS......................................................         2-1

3. ELIGIBILITY, PARTICIPATION AND BENEFICIARY DESIGNATION ..........         3-1

4. BENEFITS ........................................................         4-1

5. FORFEITURES OF BENEFITS .........................................         5-1

6. PARTICIPANTS' ACCOUNTS ..........................................         6-1

7. DISTRIBUTION OF BENEFITS ........................................         7-1

8. FIDUCIARY RESPONSIBILITY ........................................         8-1

9. ADMINISTRATIVE COMMITTEE ........................................         9-1

10. AMENDMENT AND TERMINATION ......................................        10-1
</TABLE>

<PAGE>

EXHIBIT 10.17

                                       1-1

                           ABM INDUSTRIES INCORPORATED

                           SERVICE AWARD BENEFIT PLAN

                                    ARTICLE 1

                 NAME, EFFECTIVE DATE, PURPOSE AND CONSTRUCTION

1.1      Plan Name

         The Plan set forth in this document shall be designated the ABM
         Industries Incorporated Service Award Benefit Plan.

1.2      Effective Date

         The Effective Date of this Plan was November 1, 1989. This document
         reflects amendments and changes made through January 1, 1991.

1.3      Purpose

         The Plan is intended to qualify as a severance pay plan described in
         Department of Labor Regulations 2510.3-1 (a) (2) and 2510.3-2 (b) and
         is intended to be treated as a employee welfare plan under ERISA. The
         Plan is intended to provide benefits to terminating employees based
         upon their loyal and dedicated service to the Company and its
         Affiliates.

1.4      Construction

         The following miscellaneous provisions shall apply in the construction
         of this Plan document:

         (a)      State Jurisdiction

                  All matters respecting the validity, effect, interpretation
                  and administration of this Plan shall be determined in
                  accordance with the laws of the State of California except
                  where preempted by ERISA or other federal statutes.

         (b)      Gender

                  Wherever appropriate, words used in the singular may include
                  the plural or the plural may be read as the singular, the
                  masculine may include the feminine, and the neuter may include
                  both the masculine and the feminine.

         (c)      Application of References to Law

                  All references to sections of ERISA, or the Internal Revenue
                  Code, other federal or state statutes, any regulations or
                  rulings thereunder, shall be deemed to refer to such sections
                  as they may subsequently be modified, amended, replaced or
                  amplified by any federal statutes, regulations or rulings of
                  similar application and import enacted by the Government of
                  the United States, any duly authorized agency of the United
                  States Government, any State Government or duly authorized
                  agency thereunder.

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EXHIBIT 10.17

                                       1-2

         (d)      Enforceable Provisions Remain Effective

                  If any provision of this Plan shall be held by a court of
                  competent jurisdiction to be invalid or unenforceable, the
                  remaining provisions of this Plan shall continue to be fully
                  effective.

         (e)      Headings

                  Headings are inserted for reference only and constitute no
                  part of the construction of this Plan.

1.5      Employment Relationship Not Affected

         Nothing in this Plan document shall be deemed a contract between the
         Employer and any Employee, nor shall the rights or obligations of the
         Employer or any Employee to continue or terminate employment at any
         time be affected hereby.

<PAGE>

EXHIBIT 10.17

                                       2-1

                                    ARTICLE 2

                                   DEFINITIONS

2.1      "Account" means the aggregate of all records maintained by the
         Committee for purposes of determining a Participant's or Beneficiary's
         benefits under the Plan.

2.2      "Affiliated Employer" means any corporation which is so designated by
         the Board, which may include any corporation or business determined to
         be affiliated under Code Section 414 or any other corporation or
         business which is affiliated to some degree with the Employer.

2.3      "Award Date" means October 31, 1990, each succeeding October 31 and any
         other date elected by the Board at its discretion. Effective January 1,
         1991, "Award Date" shall mean December 31, 1991 and each succeeding
         December 31.

2.4      "Beneficiary" means any person designated by a Participant.

2.5      "Board" shall mean the Board of Directors of the Employer.

2.6      "Code" means the Internal Revenue code of 1986, as amended (and
         regulations issued thereunder).

2.7      "Committee" means the Administrative Committee designated under Article
         9.

2.8      "Compensation" for any calendar year means all amounts paid to the
         Employee and reported as wages on the Employee's form W-2 for the year
         for services rendered for the Employer or Affiliated Employers during
         the calendar year, and all amounts which an Employee elected to have
         the Employer or Affiliated Employer contribute on his behalf to the ABM
         401(k) and Profit Sharing Plan or the ABM Deferred Compensation Plan
         for the calendar year. Compensation in excess of $175,000 shall not be
         considered in the calculation of benefits; provided, however, the
         $175,000 limit shall not replace any limit in place for any year prior
         to 1996 under this Plan.

2.9      "Date of Eligibility" shall mean (1) for Eligible Employees hired after
         October 31, 1989, the date on which the Employee first performs any
         service for the Employer, (2) for Eligible Employees employed on or
         before October 31, 1989, November 1, 1989. Effective January 1, 1992,
         "Date of Eligibility" shall mean the January 1 following the date on
         which the Employee has Compensation in excess of $50,000, or such other
         dollar amount as the Committee may from time to time announce.

2.10     "Date of Hire" shall mean the date on which the Employee becomes an
         employee of the Employer or an Affiliated Employer within the meaning
         of Code Section 3121(d).

<PAGE>

EXHIBIT 10.17

                                       2-2

2.11     "Disability" shall mean the permanent incapacity of a Participant, by
         reason of physical or mental illness, to perform his usual duties for
         the Employer, resulting in termination of his service with the Employer
         or any Affiliated Employer. Disability shall be determined by the
         Committee in a uniform and nondiscriminatory manner after consideration
         of such evidence as it may require, which shall include a report of
         such physician or physicians as it may designate.

2.12     "Eligible Employee" shall have the meaning as defined in Article 3.

2.13     "Eligible Participant" shall mean:

         (a)      An Eligible Employee who was employed continuously throughout
                  the Fiscal Year, or

         (b)      an Eligible Employee who terminated employment during the
                  Fiscal Year due to death, disability or after having reached
                  his Normal Retirement Date.

2.14     "Employee" means any person considered under the rules of common law or
         appropriate statute to be employed by the Employer or an Affiliated
         Employer, except:

         (a)      Employees whose wages are determined by collective bargaining
                  agreements,

         (b)      Employee Employees who are receiving pension contributions
                  under a union retirement plan, and

         (c)      Contract workers of the Employer or an Affiliated Employer who
                  are employed to perform principally manual work, including but
                  not limited to elevator operator, janitor, security worker,
                  guard, window washer, stationary engineer, painter,
                  warehouseman, driver, parking attendant, mechanic,
                  electrician, laundry worker or service technician.

2.15     "Employer" means ABM Industries Incorporated, a Delaware corporation,
         and such of its successors or assigns as may expressly adopt this Plan
         and agree in writing to continue this Plan.

2.16     "Entry Date" means November 1, 1989, and each succeeding November 1.
         Effective January 1, 1991, "Entry Date" means January 1 and each
         succeeding January 1.

2.17     "ERISA" means the Employee Retirement Income Security Act of 1974, as
         amended.

2.18     "Fiscal Year" means the accounting year of the Plan, which is the
         12-month period ending October 31. Effective January 1, 1991, "Fiscal
         year" means the 12-month period ending December 31.

2.19     "Normal Retirement Date" means the date of the Participant's 62nd
         birthday.

2.20     "Participant" means any Employee who has entered the Plan and been
         credited with Service Award Benefits but has not yet had such benefits
         distributed.

<PAGE>

EXHIBIT 10.17

                                       2-3

2.21     "Plan" means the arrangement created by this document.

2.22     "Plan Administrator" means the Administrative Committee, discussed in
         Article 9.

2.23     "Restricted Employee" shall mean all officers, managers and sales
         persons of the Employer or an Affiliated Employer.

2.24     "Service Award Benefit" means the benefit calculated under Section 4.2.

<PAGE>

EXHIBIT 10.17

                                       3-1

                                    ARTICLE 3

             ELIGIBILITY, PARTICIPATION AND BENEFICIARY DESIGNATION

3.1      Definitions

         (a)      "Eligible Employee" means any Employee of the Employer or an
                  Affiliated Employer whose Compensation is $50,000 or greater
                  in any calendar year. The $50,000 dollar amount may be
                  adjusted from time to time as the Plan Administrator may deem
                  necessary. The foregoing notwithstanding, an Employee shall
                  not be an Eligible Employee during any Fiscal Year the
                  Employee is also eligible to receive contributions under or
                  make 401(k) contributions to the ABM 401(k) and Profit Sharing
                  Plan.

3.2      Participation

         (a)      Initial Participants

                  Employees who are Eligible Employees as of October 31, 1989
                  shall become Participants as of November 1, 1989.

         (b)      Newly Hired Employees

                  Employees who are hired after October 31, 1989, shall become
                  Participants as of the first November 1, or such earlier date,
                  after certification by the Committee that the Employee is an
                  Eligible Employee. Employees hired after January 1, 1991 shall
                  become Participants as of the first January 1, or such earlier
                  date, after certification by the Committee that the Employee
                  is an Eligible Employee.

         (c)      Other Employees

                  Other Employees shall become Participants as of the first
                  November 1, or such earlier date, after certification by the
                  Committee that the Employee is an Eligible Employee. Effective
                  January 1, 1991,the November 1 participation date in this
                  Article shall be changed to January 1.

         (d)      Rehired Employees

                  A rehired Employee shall be treated as an Employee hired after
                  October 31, 1989, unless the Employee was a Participant in the
                  Plan. Section 2.16 of the Plan notwithstanding, former Plan
                  Participants shall renew their participation in the Plan as of
                  the July 1 or January 1 coinciding with or next following
                  their date of rehire provided they are otherwise eligible for
                  the Plan.

3.3      Beneficiary Designation

         (a)      Designation Procedure

                  Each Eligible Employee, upon becoming a Participant shall
                  designate a Beneficiary or Beneficiaries to receive benefits
                  under the Plan after his death. A Participant may change his
                  beneficiary designation at any time. Each beneficiary
                  designation shall be in a form prescribed by the Committee and
                  will be effective only when filed with the Committee during
                  the Participant's lifetime. Each beneficiary designation filed
                  with the Committee will cancel all previously filed
                  Beneficiary designations.

<PAGE>

EXHIBIT 10.17

         (b)      Lack of Designation

                  In the absence of a valid designation, the Participant's
                  benefits under the Plan shall be distributed to the
                  Participant's surviving spouse, or if there is no surviving
                  spouse to the Participant's estate.

3.4      Committee Determines Eligibility

         Compliance with the eligibility requirements shall be determined by the
         Committee, which shall also inform each Eligible Employee of his
         becoming a Participant. The Committee shall provide each participant
         with a summary plan description in compliance with ERISA and
         regulations thereunder.

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EXHIBIT 10.17

                                       4-1

                                    ARTICLE 4

                                    BENEFITS

4.1      Credits for Service Award Benefits

         (a)      On each Award Date, commencing October 31, 1990, the Board
                  shall Credit the Account of each Eligible Participant with 7
                  days, to be used in the calculation of Benefits under Article
                  4.2. For the short Fiscal Year beginning October 1, 1991 and
                  ending December 31, 1991, the Board shall determine the number
                  of days to be credited to each Eligible Participant, if any.

         (b)      In addition to (a) above, on each Award Date, commencing
                  October 31, 1990, the Board may, in it's sole discretion,
                  designate an additional number of days to be credited to the
                  Account of each Eligible Participant.

         (c)      If an employee reenters the Plan on July 1 of any year, the
                  Employee/Participant shall be to 1/2 the number of days
                  awarded under (a) and (b) above to other Employees who
                  participated for the entire year.

4.2      Calculation of Service Award Benefit

         Upon termination of employment, the Committee shall determine the
         benefit payable to the Participant. The benefit shall be equal to the
         number of days credited to the Account of the eligible Employee
         multiplied by the average annual Compensation received in the three
         full calendar years of full-time employment preceding the year of
         termination converted to a daily rate of pay. For purposes of this
         calculation, a year shall consist of 260 days.

4.3      Limitation on Benefits

         In no event shall the benefits payable under this Plan combined with
         the benefits under the severance pay plan of the Employer, as described
         in Chapter 3, III, (b) of the ABMI Personnel Policy and Procedure
         Manual, as it may be amended or revised from time to time, exceed two
         times the Compensation received by the Participant in the twelve month
         period preceding the Participant's termination from employment.

<PAGE>

EXHIBIT 10.17

                                       5-1

                                    ARTICLE 5

                             FORFEITURES OF BENEFITS

5.1      Forfeiture for Short Service

         A Participant who terminates employment prior to completing 5 full
         years of service, measured from the Employee's Date of Hire, for the
         Employer or an Affiliated Employer shall forfeit all benefits under
         this Plan. A Participant will be credited with one year of service for
         each 12 month period of continuous employment wit the Employer or an
         Affiliated Employer.

5.2      Exceptions

         (a)      Death

                  Notwithstanding Article 5.1 above, a Participant's benefits
                  under this Plan shall not be forfeitable if the termination of
                  employment is due to the death of the Participant.

         (b)      Disability

                  Notwithstanding Article 5.1 above, a Participant's benefits
                  under this Plan shall not be forfeitable upon a finding by the
                  Committee that the Participant's termination of employment is
                  due to Disability defined in Article 2.11.

         (c)      Normal Retirement

                  Notwithstanding Article 5.1 above, a Participant's benefits
                  under this Plan shall not be forfeited if the Participant's
                  termination occurs after the Participant's Normal Retirement
                  Date under this Plan.

         (d)      Notwithstanding Article 5.1 above, if a Participant's
                  employment is terminated by action of the Employer as part of
                  the divestiture of Amtech Elevator Services, the Participant's
                  Account under the Plan shall become fully vested on the
                  closing of the divestiture transaction.

5.3      Unallocatable Participants

         If all or any portion of a Participant's benefits become payable under
         this Plan, and the Committee after a reasonable search cannot locate
         the Participant or his Beneficiary (if such Beneficiary is entitled to
         payment) the Account shall be Forfeited as of the end of the third
         Fiscal Year following the Participant's termination from employment.

5.4      Forfeiture for Cause

         A Participant who is terminated from employment because of theft,
         defalcation, or embezzlement from the Employer, an Affiliated Employer,
         or a customer or client of either the Employer or an Affiliated
         Employer, shall forfeit all benefits under this Plan.

<PAGE>

EXHIBIT 10.17

                                       6-1

                                    ARTICLE 6

                              PARTICIPANTS ACCOUNTS

6.1      Service Award Account

         The Committee shall maintain an accounting of the number of days and
         weeks, or portions thereof, awarded to each Participant along with a
         record of the Compensation received by the Participant for the current
         calendar year and the two preceding calendar years.

6.2      Statement of Accounts

         At least annually, the Committee will provide the Participant with a
         statement of the status of the Participant's Account and the record of
         Compensation in that Account. In the event of any error, the
         Participant is entitled to request the Committee to correct either the
         number of days or weeks credited, or the Compensation credited.

<PAGE>

EXHIBIT 10.17

                                       7-1

                                    ARTICLE 7

                            DISTRIBUTION OF BENEFITS

7.1      General

         Benefits under the Plan are paid solely from the assets of the
         Employer. This Plan document grants the Participants no greater right
         to the assets of the Employer and Affiliated Employers than that
         enjoyed by any unsecured creditor of the Employer and Affiliated
         employers.

7.2      Administrative Rules

         (a)      Authority

                  Distributions to Participants shall be made only in accordance
                  with the directions of the Committee, which shall be governed
                  by the terms of this Plan documents.

         (b)      Claims

                  A Participant's Beneficiary has the right to file a claim for
                  benefits as set forth in Article 9.7.

7.3      Timing and Amount of Distributions

         (a)      Restricted Employees

                  A Participant who is a Restricted Employee shall receive his
                  benefits in two payments from the Plan. The first payment,
                  equal to 1/2 of the total benefit due, will be made in the
                  eleventh month following the Participant's termination from
                  employment. The second payment, equal to 1/2 of the total
                  benefit due, will be made no later than the last day of the
                  23rd month following the Participant's termination from
                  employment. In the event the Employer or Affiliated Employer
                  sells, closes or otherwise disposes of a subsidiary, division
                  or other operating unit which is engaged in a type or line of
                  business in which the Employer or an Affiliated Employer no
                  longer wishes to engage, the Committee shall direct that the
                  Accounts of Restricted Employees shall be payable in one lump
                  sum as soon as administratively possible after the close of
                  the transaction, provided that such payments will not violate
                  any provision of the Code.

         (b)      Other Participants

                  A participant, who is not a Restricted Employee, shall receive
                  his benefits in two payments from the Plan. The first payment,
                  equal to 1/2 of the total benefits, will be paid as soon as
                  administratively possible following the termination of
                  employment by the Participant. The second payment, equal to
                  1/2 of the total benefits, will be paid in the thirteenth
                  month following the Participant's termination from employment.

         (c)      Exceptions

                  The Committee, in its sole discretion, may waive the rules in
                  (a) and (b) in the event of death or Disability of the
                  Participant, or if the Participant, whether a Restricted
                  Employee or not, retires after attaining his Normal Retirement
                  Date. Notwithstanding the foregoing, if the benefit is $5000
                  or less, the Committee may

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EXHIBIT 10.17

                                       7-2

                  make a single lump sum payment to the Participant as soon as
                  administratively feasible.

<PAGE>

EXHIBIT 10.17

                                       8-1

                                    ARTICLE 8

                            FIDUCIARY RESPONSIBILITY

8.1      Named Fiduciary

         The authority to control and manage the operation and administration of
         the Plan shall be allocated between the Employer, the Affiliated
         Employer and the Committee, all of whom are named fiduciaries under
         ERISA.

8.2      Fiduciary Standards

         Each fiduciary shall discharge its duties with respect to the Plan
         solely in the interest of the Participants and Beneficiaries as
         follows:

                  (1)      For the exclusive purpose of providing benefits to
                           Participants and their Beneficiaries;

                  (2)      With the care, skill, prudence and diligence under
                           the circumstances then prevailing that a prudent man
                           acting in a like capacity and familiar with such
                           matters would use in the conduct of an enterprise of
                           a like character and with like aims;

                  (3)      In accordance with the Plan document.

8.3      Fiduciaries Liable for Breach of Duty

         A fiduciary shall be liable, as provided in ERISA, for any breach of
         his fiduciary responsibilities. In addition, a fiduciary under this
         Plan shall be liable for a breach of fiduciary responsibility of
         another fiduciary under this Plan as provided under ERISA Section 405.

8.4      Fiduciary May Employ Agents

         Any person or group of persons may serve in more than one fiduciary
         capacity with regard to the Plan. A fiduciary, with the consent of the
         Employer, may employ one or more persons to render advice and
         assistance with regard to any function such fiduciary has under the
         Plan. The expenses of such persons shall be paid by the Employer.

8.5      Authority Outlined

         (a)      Employer Authority

                  The Employer has the authority to amend and terminate the
                  Plan, and to appoint and remove members of the Committee.

         (b)      Committee Authority

                  The Committee has the authority to:

                  (1)      Maintain the records of Accounts of the Participants;

                  (2)      Furnish and correct errors in statements of Accounts;

                  (3)      Establish the standards for determining Disability
                           under the Plan;

                  (4)      Construe the Plan document and questions thereunder;
                           and

                  (5)      Employ advisors and assistants.

<PAGE>

EXHIBIT 10.17

                                       8-2

8.6      Fiduciaries Not to Engage in Prohibited Transactions

         A fiduciary shall not cause the Plan to engage in a transaction if he
         knows or should know that such transaction constitutes a prohibited
         transaction under ERISA Section 406 or code Section 4975, unless such
         transaction is exempted under ERISA Section 408 or Code Section 4975.

<PAGE>

EXHIBIT 10.17

                                       9-1

                                    ARTICLE 9

                            ADMINISTRATIVE COMMITTEE

9.1      Appointment of Administrative Committee

         The Employer shall appoint an Administrative Committee to manage and
         administer this Plan in accordance with the provisions hereof, each
         member to serve for such term as the Employer may designate or until a
         successor member has been appointed or until removed by the Employer.
         Members shall serve without compensation for committee services. All
         reasonable expenses of the Committee shall be paid by the Employer.

9.2      Committee Operating Rules

         The Committee shall act by agreement of a majority of its members,
         either by vote at a meeting or in writing without a meeting. By such
         action, the Committee may authorize one or more members to execute
         documents on its behalf. In the event of a deadlock or other situation
         which prevents agreement of a majority of the Committee members, the
         matter shall be decided by the Employer.

9.3      Duties of Plan Administrator

         The Committee is the Plan Administrator under ERISA and shall have the
         duty and authority to comply with the reporting and disclosure
         requirements of ERISA which are specifically required of the Plan
         Administrator.

9.4      Duties of the Committee

         The Committee shall keep on file a copy of this Plan, including any
         subsequent amendments and the latest annual report required under Title
         I of ERISA for examination by Participants during the business hours.

9.5      Committee Powers

         The Committee has the power and duty to do all things necessary or
         convenient to effect the intent and purpose of this Plan, whether or
         not such powers and duties are specifically set forth herein. Not in
         limitation but in amplification of the foregoing, the Committee shall
         have the power to construe the Plan document and to determine all
         questions hereunder. Decisions of the Committee made in good faith upon
         any matters within the scope or its authority shall be final and
         binding on the Employer, the Affiliated Employers, the Participants,
         their Beneficiaries and all others. The Committee shall at all times
         act in a uniform and nondiscriminatory manner in making and carrying
         out its decisions, and may from time to time prescribe and modify
         uniform rules of interpretation and administration.

9.6      Committee May Retain Advisors

         With the approval of the Employer, the Committee may from time to time
         or on a continuing basis, retain such agents and advisors including,
         specifically, attorneys, accountants, actuaries, consultants and
         administrative assistants, as it considers necessary

<PAGE>

EXHIBIT 10.17

                                       9-2

         to assist it in the proper performance of its duties. The expenses of
         such agents or advisors shall be paid by the Employer.

9.7      Claims Procedure

         (a)      Claims Must Be Submitted Within 60 Days

                  The Committee shall determine Participants' and Beneficiaries'
                  rights and benefits under the Plan. In the event of a dispute
                  over benefits, a Participant or Beneficiary may file a written
                  claim for benefits with the Committee, provided that such
                  claim is filed within 60 days of the date the Participant or
                  Beneficiary receives notification of the Committee's
                  determination.

         (b)      Requirements for Notice of Denial

                  If a claim is wholly or partially denied, the Committee shall
                  provide the claimant, setting forth:

                  (i)      The specific reason for the denial;

                  (ii)     Specific references to the pertinent provisions on
                           which the denial is based;

                  (iii)    A description of any additional material or
                           information necessary for the claimant to perfect the
                           claim with an explanation of why such material or
                           information is necessary; and

                  (iv)     Appropriate information as to the steps to be taken
                           if the claimant wishes to submit his or her claim for
                           review.

                  The notice of denial shall be given within a reasonable time
                  period but not later than 90 days of the date the claim is
                  filed, unless special circumstances require an extension of
                  time for processing the claim. If such extension is required,
                  written notice shall be furnished to the claimant within 90
                  days of the date the claim was filed stating the special
                  circumstances requiring an extension of time and the date by
                  which a decision on the claim can be expected, which shall be
                  no more than 180 days from the date the claim was filed. If no
                  notice of denial is provided as herein described, the claimant
                  may appeal the claim as though the claim had been denied.

         (c)      Claimant's Rights if Claim Denied

                  The claimant and/or his representative may appeal the denied
                  claim and may;

                  (i)      Request a review upon written request to the
                           Committee;

                  (ii)     Review pertinent documents; and

                  (iii)    Submit issues and comments in writing; provided that
                           such appeal is made within 60 days of the date the
                           claimant received notification of the denied claim.

         (d)      Time Limit on Review of Denied Claim

                  Upon receipt of a request for review, the committee shall
                  provide written notification of its decision to the claimant
                  stating the specific reasons and referencing specific Plan
                  provisions on which its decision is based, within a reasonable
                  time period but not later than 60 days after receiving the
                  request, unless special circumstances require an extension for
                  processing the review. If such an extension is required, the
                  Committee shall notify the claimant of such special
                  circumstances and of the date, no later than 120 days after
                  the original

<PAGE>

EXHIBIT 10.17

                                       9-2

                  date the review was requested, on which the Committee will
                  notify the claimant of its decision.

         (e)      No Legal Recourse Until Claims Procedure Exhausted.

                  In the event of any dispute over benefits under this Plan, all
                  remedies available to the disputing individual under this
                  Article 9.7 must be exhausted before legal recourse of any
                  type is sought.

9.8      Committee Indemnification

         To the fullest extent permitted by law, the Employer agrees to
         indemnify, to defend, and hold harmless the members of the Committee,
         individually and collectively, against any liability whatsoever for any
         (1) action taken or omitted by them in good faith in connection with
         this Plan or their duties hereunder, and (2) expenses or losses for
         which they may become liable as a result of any such actions or
         non-actions, unless resultant from their own willful misconduct. The
         Employer may purchase insurance for the Committee to cover any of their
         potential liabilities with regard to the Plan.

<PAGE>

EXHIBIT 10.17

                                      10-1

                                   ARTICLE 10

                            AMENDMENT AND TERMINATION

10.1     Employer May Amend Plan

         The Employer reserves the right to amend the Plan in any manner that it
         may deem advisable by action of the Employer. The Employer, Affiliated
         Employers, Participants and Beneficiaries and all other persons having
         any interest hereunder shall be bound by any such amendment.

10.2     Employer May Terminate Plan

         The Employer has established the Plan with the bona fide intention and
         expectation that the Plan will continue indefinitely, but the Employer
         shall be under no obligation to maintain the Plan for any given length
         of time and may, in its sole discretion, terminate the Plan at any time
         without any liability, except as to the payment of benefits earned
         under this Plan prior to the date this Plan is terminated.<PAGE>

EXHIBIT 10.18                                                        Page 1 of 4

                           ABM INDUSTRIES INCORPORATED

                 2002 PRICE-VESTED PERFORMANCE STOCK OPTION PLAN
                             STOCK OPTION AGREEMENT

         THIS AGREEMENT (the "Agreement") dated as of ____________ day of
_______, 200_, is entered into by and between ABM Industries Incorporated, a
Delaware corporation (the "Company"), and ____________ (the "Optionee").

                                   WITNESSETH

In consideration of the mutual promises and covenants made herein and the mutual
benefits to be derived here from, the parties hereto agree as follows:

1.       Grant of Options.

         Subject to the provisions of this Agreement and the Plan, the Company
         hereby grants to the Optionee the right and option to purchase _____
         shares of the Company's common stock, par value $0.01 per share (the
         "Common Stock") at an exercise price of $__.__ (the "Option").

2.       Exercisability of Options.

         a.       The Option may be exercised only to the extent it is vested.

         b.       The vested portion of the Option may be exercised, in whole or
         in part, at the times and in the manner set forth in the Plan;
         provided, however, that such vested portion shall not be exercised:

                  (1)      before the first (1st) anniversary of the Option's
                           date of grant,

                  (2)      at any one time for fewer than 100 shares, or such
                           number of shares as to which such Option is then
                           exercisable, if such number of shares is less than
                           100, and

                  (3)      on or after the tenth (10th) anniversary of the
                           Option's date of grant.

3.       Vesting of Options.

         a.       Subject to the limitations contained in this Agreement and the
         Plan, unless the vesting of the Option is accelerated as set below, the
         Option shall vest in full on the close of business on the eight (8th)
         anniversary of its date of grant.

<PAGE>

EXHIBIT 10.18                                                        Page 2 of 4

         b.       During the four-year period commencing on its date of grant,
         the vesting of the Option shall accelerate at such time as the Fair
         Market Value of the Common Stock shall have been equal to or greater
         than the assigned Vesting Price for ten (10) trading days in any period
         of thirty (30) consecutive trading days. For purposes of this
         paragraph, the "Vesting Price" means the following:

                  (1)      $20.00 for ______ shares of Common Stock subject to
                           the Option.

                  (2)      $22.50 for ______ shares of Common Stock subject to
                           the Option.

                  (3)      $25.00 for ______ shares of Common Stock subject to
                           the Option.

                  (4)      $27.50 for ______ shares of Common Stock subject to
                           the Option.

4.       No Right to Employment.

         Nothing in this Agreement or the Plan shall confer upon the Optionee
         any right to continue in the employ of the Company or any of its
         Affiliates, or interfere in any way with the right of the Company or
         any such Affiliate to terminate such employment with or without cause
         at any time whatsoever absent a written employment contract to the
         contrary. In addition, nothing in this Agreement shall obligate the
         Company or any of its Affiliates, their respective shareholders, board
         of directors, officers or employees to continue any relationship that
         the Optionee might have as a member of the board of directors or
         consultant for the Company or an Affiliate.

5.       Effect of Certain Changes.

         If any change is made to the Common Stock subject to the Option,
         without the receipt of consideration by the Company (through merger,
         consolidation, reorganization, recapitalization, reincorporation, stock
         dividend, dividend in property other than cash, stock split,
         liquidating dividend, combination of shares, exchange of shares, or
         other transaction not involving the receipt of consideration by the
         Company) the Committee shall appropriately adjust the number of shares
         subject to the Options, the exercise price per share and the Vesting
         Price. The Committee's determination shall be final, binding and
         conclusive.

6.       Taxes and Withholding.

         a.       No later than the date of exercise of any portion of the
         Option, and prior to the delivery of any shares of Common Stock to any
         Optionee, the Optionee shall pay to the Company or make arrangements
         satisfactory to the Committee regarding payment of any and all federal,
         state or local taxes of any kind required by law to be withheld upon
         such exercise. To the extent permitted and required by law, the Company
         shall have the right to deduct from any payment of any kind

<PAGE>

EXHIBIT 10.18                                                        Page 3 of 4

         otherwise due to the Optionee, any and all federal, state and local
         taxes that may result from the exercise of the Option.

         b.       Optionee agrees that, in the event any governmental taxing
         authority claims that any unpaid taxes, interest or penalties are due
         and owing in connection with the Optionee's exercise of any Stock
         Option granted under the Plan, the Optionee will be solely responsible
         to defend and/or pay any such claim. The Optionee further agrees to
         indemnify and hold the Company harmless from defending and/or paying
         any such claim, including reasonable attorney's fees, in the event that
         any governmental taxing authority seeks payment of any and all such
         unpaid taxes, interest or penalties from the Company.

8.       Notices.

         Any notice to be given under the terms of this Agreement shall be in
         writing and delivered to the Company at 160 Pacific Avenue, Suite 222,
         San Francisco, CA 94111, Attention: General Counsel, and to the
         Optionee at the address set forth on the last page of this Agreement or
         at such other address as either party may hereafter designate in
         writing to the other.

9.       Effect of Agreement.

         Except as otherwise provided hereunder, this Agreement shall be binding
         upon and shall inure to the benefit of any successor(s) of the Company.

10.      Laws Applicable to Construction.

         The law of the State of California shall govern all questions,
         concerning the construction, validity and interpretation of the
         Agreement, without regard to such state's conflict of laws rules.

11.      Interpretation.

         The Option is subject to the all the provisions of the Plan, the
         provisions of which are hereby made a part of the Option, and is
         further subject to all interpretations, amendments, rules and
         regulations which may from time to time be promulgated and adopted
         pursuant to the Plan. In the event of a conflict between the provisions
         of the Option and those of the Plan, the provisions of the Plan shall
         control. In the event of any ambiguity in this Agreement, any term
         which is not defined in this Agreement, or any matters as to which this
         Agreement is silent, the Plan shall govern.

<PAGE>

EXHIBIT 10.18                                                        Page 4 of 4

12. Headings.

         The headings of paragraphs herein are included solely for convenience
         of reference and shall not affect the meaning or interpretation of any
         of the provisions of this Agreement.

13. Amendment.

         This Agreement may not be modified, amended or waived in any manner
         except by an instrument in writing signed by both parties hereto. The
         waiver by either party of compliance with any provision of this
         Agreement shall not operate or be construed as a waiver of any other
         provision of this Agreement, or of any subsequent breach by such party
         of a provision of this Agreement.

         IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed on its behalf by a duly authorized officer and the Optionee has
hereunto set his or her hand.

for ABM INDUSTRIES INCORPORATED:

________________________________
Henrik C. Slipsager
President  & CEO

for OPTIONEE:

________________________________

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