Document:

Dixon Employment Agreement

 Exhibit 10(a) 

EMPLOYMENT AGREEMENT 

This Employment Agreement (the “Agreement”) between UNITED RENTALS, INC., a Delaware corporation, having a principal place of
business at Five Greenwich Office Park, Greenwich, CT 06831 (United Rentals, Inc. and its subsidiaries, parents and other affiliates are referred to collectively as the “Company”), and JOSEPH DIXON
(“Employee”) is hereby entered into as of the date identified below. It cancels and supersedes all prior agreements with respect to the subject matter hereof. 

Recitals: 
 The Company engages
in the business of renting and selling equipment and merchandise to the commercial and general public, including construction equipment, earthmoving equipment, aerial equipment, aerial work platforms, traffic safety equipment, trench safety
equipment, industrial equipment, landscaping equipment, and home repair and maintenance equipment, as well as highway construction related technologies and the buying of companies that engage in such activities along with the computer hardware and
software systems designed, developed and utilized with respect to any of the foregoing. The Company may in the future also engage in other businesses. The businesses in which the Company is at any time engaged, to any extent, are collectively
referred to as the “Business.” 
 Employee is or will be employed by the Company in a confidential relationship where Employee,
in the course of his or her employment with the Company, has become or will become familiar with and aware of information which was established and maintained at great expense to the Company; this information is a Trade Secret (as defined below) and
constitutes valuable goodwill of the Company. The protection of these Trade Secrets is of critical importance to the Company. 
 The Company
will sustain great loss and damage if Employee should violate the provisions of this Agreement. Monetary damages for such losses would be extremely difficult to measure. 

NOW, THEREFORE, in consideration of the Company’s employment of Employee on an at-will basis, and the Company’s agreement to
Section 3.1, the Employee acknowledges that sufficient consideration is being granted in exchange for the terms and provisions contained herein, including, but not limited to, the non-compete provisions contained in Section 3
hereof and the assignment provision contained in Section 9(c) hereof. For the mutual promises, terms, covenants and conditions set forth herein and the performance of each, it is hereby agreed as follows: 

1. Employment At Will; Full Time, Etc. 
  

	 	(a)	Employee is employed on at-will basis. His or her employment may be terminated by the Company or by the Employee, at any time, for any reason, without notice or cause.

  

	 	(b)	During his or her employment, Employee shall devote his or her full time, attention and use best efforts to promote and further the business and services of the
Company. Employee shall faithfully adhere to, execute and fulfill all policies established by the Company. Employee shall not, during his or her employment, be engaged in any other business activity pursued for gain, profit or other pecuniary
advantage without the prior written consent of the Company. 

  

	 	(c)	All funds received by Employee on behalf of the Company, if any, shall be held in trust for the Company and shall be delivered to the Company as soon as practicable.

  

	 	(d)	The Company shall reimburse Employee for properly documented expenses that are incurred by Employee on behalf of the Company in accordance with Company policies in
effect from time to time. 

 2. Trade Secrets; Confidentiality and Company Property. During and at all times after
Employee’s employment with the Company: 
  

	 	(a)	Employee will not disclose to any person or entity, without the Company’s prior written consent, any Trade Secrets or other Confidential Information (as defined
below), whether prepared by Employee or others; 

	 	(b)	Employee will not use any Trade Secrets or other Confidential Information in order to solicit or call upon any person or entity; 

 

	 	(c)	Employee will not directly or indirectly use any Trade Secrets or other Confidential Information other than as directed by the Company in writing;

  

	 	(d)	Employee will not, except in the furtherance of the business of the Company, remove any Trade Secrets or other Confidential Information from the premises of the Company
without the prior written consent of the Company; 

  

	 	(e)	All products, correspondence, reports, records, charts, advertising materials, designs, plans, manuals, field guides, memoranda, lists and other property compiled or
produced by Employee or delivered to Employee by or on behalf of the Company or by its customers (including, but not limited to, customers obtained by the Employee), whether or not Confidential Information, shall be and remain the property of the
Company and shall be subject at all times to its direction and control; 

  

	 	(f)	Upon termination of employment for any reason whatsoever, or upon request at any time, Employee will promptly deliver to the Company all originals and copies (whether
in note, memo or other document form or on video, audio, computer tapes, discs or otherwise) of all Trade Secrets or other Confidential Information, and all property identified in Section 2(e) above, that is in Employee’s possession,
custody or control, whether prepared by Employee or others; 

  

	 	(g)	“Trade Secrets” shall mean all information not generally known about the business of the Company, which is subject to reasonable efforts to maintain its
secrecy or confidentiality, and from which the Company derives economic value from the fact that the information is not generally known to others who may obtain economic value from its disclosure or use, regardless of whether such information is
specifically designated as a trade secret, and regardless of whether such information may be protected as a trade secret under any applicable law. 

  

	 	(h)	“Confidential Information” shall mean all information which is valuable to the Company and not generally known to the public, and includes, but is not limited
to: 

  

	 	(i)	business, strategic and marketing plans and forecasts, and the past results of such plans and forecasts; 

 

	 	(ii)	business, pricing and management methods; 

  

	 	(iii)	employee handbooks, operations manuals and best practices memoranda; 

  

	 	(iv)	finances, strategies, systems, research, surveys, plans, reports, recommendations and conclusions; 

 

	 	(v)	names of, arrangements with, or other information relating to, the Company’s customers, equipment suppliers, manufacturers, financiers, owners or operators,
representatives and other persons who have business relationships with the Company or who are prospects for business relationships with the Company; 

  

	 	(vi)	technical information, work product and know-how; 

  

	 	(vii)	cost, operating, and other management information systems, and other software and programming; 

 

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	 	(viii)	the name of any company or business, any part of which is or at any time was a candidate for potential acquisition by the Company, together with all analyses and other
information which the Company has generated, compiled or otherwise obtained with respect to such candidate, business or potential acquisition, or with respect to the potential effect of such acquisition on the Company’s business, assets,
financial results or prospects; and 

  

	 	(ix)	the Company’s Trade Secrets (note that some of the information listed above may also be a Trade Secret). 

3. Non-Compete Provisions. The following covenants are made by Employee in partial consideration for the substantial economic investment made by
the Company in the employment, education and training of Employee and the compensation and other benefits afforded by the Company to the Employee. Such covenants were material inducements to the Company in deciding to invest in Employee and giving
Employee access to the Company’s Trade Secrets and Confidential Information. 
  

	 	(a)	During his or her employment by the Company and for a period of 12 months immediately following the termination of his or her employment for any reason whatsoever,
whether or not for cause or by resignation, Employee will not, directly or indirectly (whether through affiliates, relatives or otherwise): 

  

	 	(i)	in any Restricted Area (as hereinafter defined), be employed or retained by any person or entity who or which then competes with the Company to any extent, nor will
Employee directly or indirectly own any interest in any such person or entity or render to it any consulting, brokerage, contracting, financial or other services or any advice, assistance or other accommodation. Employee shall be deemed to be
employed or retained in the Restricted Area if Employee has an office in the Restricted Area or if Employee performs any duties or renders any advice with respect to any facility or business activities in the Restricted Area. A “Restricted
Area” means each of: 

  

	 	(A)	any state in the United States and any province in Canada in which the Company conducts any equipment rental or other equipment-related activity, it being agreed that
each state and province is one unitary market for purposes of the Company’s business; and 

  

	 	(B)	regardless of state, the area within a 50 mile radius of any office or facility of the Company in which or in relation to which Employee shall have performed any
duties, or had management, financial or sales responsibilities, for the Company during the one year period preceding the termination of his or her employment. 

 

	 	(ii)	Be employed or retained anywhere in the United States or Canada by a Similar Entity (as hereinafter defined), nor will Employee directly or indirectly own any interest
in any Similar Entity or render to it any consulting, brokerage, financing, contracting, or other services. A “Similar Entity” means each of: 

 

	 	(A)	the entities listed in Exhibit A to this Agreement; 

  

	 	(B)	any entity which at any time during the term of Employee’s employment was a candidate for acquisition by or merger with the Company; and 

 

	 	(C)	any entity which owns or owned any facility which was acquired by the Company, or was a candidate for acquisition by the Company, at any time during the term of
Employee’s employment. 

  

	 	(b)	During his or her employment by the Company and for a period of 12 months immediately following the termination of his or her employment for any reason whatsoever,
whether or not for cause or by resignation, Employee will not anywhere directly or indirectly (whether as an owner, partner, employee, consultant, broker, contractor or otherwise, and whether personally or through other persons):

  

	 	(i)	solicit the business of, or call upon, any person or entity, or affiliate of any such person or entity, who or which is or was a customer, supplier, manufacturer,
finder, broker, or other person who had a business relationship with the Company or who was a prospect for a business relationship with the Company at any time during the period of Employee’s employment, for the purpose of providing or
obtaining any product or service reasonably deemed competitive with any product or service then offered by the Company; 

  

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	 	(ii)	approve, solicit or retain, or discuss the employment or retention (whether as an employee, consultant or otherwise) of any person who was an employee of the Company at
any time during the one-year period preceding the termination of Employee’s employment; 

  

	 	(iii)	solicit or encourage any person to leave the employ of the Company; 

  

	 	(iv)	call upon or assist in the acquisition of any company which was, during the term of this Agreement, either called upon by an employee of the Company or by a broker or
other third party, for possible acquisition by the Company or for which an employee of the Company or other person made an acquisition analysis for the Company; or 

 

	 	(v)	own any interest in or be employed by or provide any services to any person or entity which engages in any conduct which is prohibited to Employee under this
Section 3(b). 

  

	 	(c)	Before taking any position with any person or entity during the 12 month period following the termination of his or her employment for any reason, with or without cause
or by resignation, Employee will give prior written notice to the Company of the name of such person or entity. Irrespective of whether such notice is given, the Company shall be entitled to advise each such person or entity of the provisions of
this Agreement, and to correspond and otherwise deal with each such person or entity to ensure that the provisions of this Agreement are enforced and duly discharged. Employee acknowledges that Employee has not signed a confidentiality,
non-competition or non-solicitation agreement with any former employer that by its terms remains in effect. 

  

	 	(d)	All time periods in this Agreement shall be computed by excluding from such computation any time during which Employee is in violation of any provision of this
Agreement and any time during which there is pending in any court of competent jurisdiction any action (including any appeal from any final judgment) brought by any person, whether or not a party to this Agreement, in which action the Company seeks
to enforce the agreements and covenants in this Agreement or in which any person contests the validity of such agreements and covenants or their enforceability or seeks to avoid their performance or enforcement. 

 

	 	(e)	Employee understands that the provisions of this Agreement have been carefully designed to restrict his or her activities to the minimum extent which is consistent with
law and the Company’s requirements. Employee has carefully considered these restrictions, and Employee confirms that they will not unduly restrict Employee’s ability to obtain a livelihood. Employee has heretofore engaged in businesses
other than the Business. Before signing this Agreement, Employee has had the opportunity to discuss this Agreement and all of its terms with his or her attorney. 

 

	 	(f)	 Since monetary damages will be inadequate and the Company will be irreparably damaged if the provisions of this Agreement are not specifically
enforced, the Company shall be entitled, among other remedies (i) to an injunction restraining any violation of this Agreement (without any bond or other security being required) by Employee and by any person or entity to whom Employee provides
or proposes to provide any services in violation of this Agreement, (ii) to require Employee to hold in a constructive trust, account for and pay over to the Company all compensation and other benefits which Employee shall derive as a result of
any action or omission 

  

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which is a violation of any provision of this Agreement and (iii) to require Employee to account for and pay over to the Company any net profit earned by the Employee from the exercise, from
and after the 24-month period prior to the termination of his or her employment, of any stock options issued to him/her by the Company. 

  

	 	(g)	The courts enforcing this Agreement shall be entitled to modify the duration and scope of any restriction contained herein to the extent such restriction would
otherwise be unenforceable, and such restriction as modified shall be enforced. 

 3.1 Salary Continuation Payments.

  

	 	(a)	In the event Employee’s employment was terminated by the Company without “cause” (as defined below), then, for a period of 12 months following
termination of employment, the Company shall: i) pay to Employee every two weeks 1/26th of the base salary paid to Employee by the Company during the 12 month period immediately preceding termination of his or her employment (or for an Employee who
was employed by the Company for a period less than 12 months, 80% of the annualized base salary paid to Employee by the Company for the period of employment preceding the Employee’s termination); ii) pay to Employee an amount equal to the
pro-rata portion (based on the percentage of the fiscal year Employee remained employed) of Employee’s target annual cash bonus for the fiscal year in which Employee’s employment was terminated (and any prior fiscal year annual cash bonus
if unpaid at the time of Employee’s termination); and iii) vest a pro-rata portion (based upon the percentage of time that Employee remained employed from the grant date to the scheduled vesting date) of any valid and unvested Restricted Stock
Units (“RSUs”) which were granted pursuant to separate agreements executed on or prior to the date of this Agreement (all other aspects of the RSUs shall be governed in accordance with and subject to the provisions of the applicable RSU
agreements and plans). All payments and RSU vesting to Employee provided in this Section 3.1(a) are conditioned upon Employee’s execution of a separation agreement and general release, in such form as the Company in its sole discretion
determines. In the event Employee fails to execute the aforementioned separation agreement and general release, or Employee at any time breaches any of the terms of this Agreement, all provisions of this Agreement shall remain in effect for the full
terms specified herein, but the Company shall not be obligated to, or shall no longer be obligated to, provide to Employee the payments or RSU vesting described in this Section 3.1(a). 

 

	 	(b)	As used in this Section 3.1, “cause” shall mean the occurrence of any of the following events as solely determined by the Company: (i) the Employee
has misappropriated any funds or property of the Company, or has willfully or negligently destroyed property of the Company; (ii) the Employee has been convicted of any crime that impairs the Employee’s ability to perform his or her duties
and responsibilities with the Company, or that causes or may cause damage to the Company or its operations or reputation, or that involves fraud, embezzlement or moral turpitude; (iii) the Employee has (a) obtained personal profit from any
transaction of or involving the Company (or engaged in any activity with the intent of obtaining such a personal profit) without the prior written approval of the Company or (b) engaged in any other conduct which constitutes a breach of
fiduciary duty or the duty of loyalty to the Company and which has resulted or may result in damage to the Company; (iv) the Employee’s job performance is unsatisfactory; (v) the Employee has engaged in on-the-job conduct that falls
below the standards the Company may reasonably expect; (vi) the Employee’s use of alcohol or drugs has interfered with his or her ability to perform his or her duties and responsibilities with the Company; (vii) the Employee has
knowingly made any untrue statement or omission on or in support of the Employee’s application for employment with the Company, regardless of when discovered; (viii) the Employee has falsified Company records; (ix) the Employee has an
unsatisfactory record of tardiness and/or attendance; (x) the Employee has committed any act intended to damage the reputation of the Company or which, in fact, damages the reputation of the Company; (xi) the Employee has disclosed to any
unauthorized person any confidential or proprietary information, records, data, formulae, specifications or trade secrets or other information of value to the Company; or, (xii) the Employee has (a) violated the Company’s policies or
rules (including, but not limited to, the Company’s equal employment opportunity policies) or (b) is guilty of negligence or misconduct in the performance of his or her duties with the Company. 

 

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 4. Inventions and Intellectual Property. Employee shall promptly disclose to the Company any and all
conceptions and ideas for inventions, improvements and valuable discoveries, whether patentable or not, which are conceived or made by Employee, solely or jointly with another, during or after regular hours of employment, during the period of
employment or within one year thereafter, and which are related to the business or activities of the Company or which Employee conceives as a result of his or her employment by the Company, and Employee hereby assigns and agrees to assign all
Employee’s interests therein to the Company or its nominee. Employee also agrees that all works created by him/her are considered work made for hire and prepared by Employee within the scope of his/her employment by the Company and Employee
further agrees to assign, and hereby does assign automatically, all such future work to the Company. Whenever requested to do so by the Company, Employee shall execute any and all applications, assignments or other instruments that the Company shall
deem necessary to apply for and obtain Letters of Patent or Copyright of the United States or any foreign country or to otherwise protect the Company’s interest therein. These obligations shall continue beyond the termination of employment with
respect to inventions, improvements and valuable discoveries, whether patentable or not, conceived, made or acquired by Employee during the period of employment or within one year thereafter, and shall be binding upon Employee’s assigns,
executors, administrators and other legal representatives. 
 5. Jurisdiction, Arbitration & Attorneys’ Fees. 

 

	 	(a)	Consent to Personal Jurisdiction. Employee hereby agrees that the interpretation and enforcement of the provisions of this Agreement shall be resolved and
determined exclusively by the state court sitting in Fairfield County, Connecticut or the federal courts in the District of Connecticut and Employee hereby consents that such courts be granted exclusive jurisdiction for such purpose. Employee hereby
acknowledges that, in the performance of his or her duties, Employee will maintain significant contacts with the Company’s corporate offices in Connecticut, including, without limitation, telephone and email contacts with corporate personnel,
access to corporate databases maintained in Connecticut, required attendance at certain training and/or strategic meetings, and payment of business related travel and entertainment expenses. 

 

	 	(b)	Waiver of Jury Trial. Employee agrees to waive a trial by jury in all legal disputes brought pursuant to this Agreement. 

 

	 	(c)	Waiver of Service. Employee agrees to waive formal service of process under any applicable federal or state rules of procedure. Service of process shall be
effective when given in the manner provided for notices hereunder. 

  

	 	(d)	Arbitration of Certain Claims by Employee. 

  

	 	(i)	Except for matters referred to in Section 5(a), any and all claims by Employee relating to any matter arising during or after the employment of the Employee
by Company or in connection with the cessation of said employment shall be resolved exclusively by arbitration conducted by one arbitrator in accordance with the National Rules for the Resolution of Employment Disputes established by the American
Arbitration Association (AAA). The Company will provide a copy of these Rules to Employee on request. The decision of the arbitrator will be final and binding on both parties. 

 

	 	(ii)	The claims and disputes to be arbitrated under this Section 5(d) (“Arbitrable Claims”) include without limitation, disputes or claims
arising under (A) federal, state, and local statutory or common law, such as the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, as amended, including the amendments of the Civil Rights Act of 1991, the
Americans with Disabilities Act, (B) the law of contract and (C) the law of tort. 

  

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	 	(iii)	Each Arbitrable Claim shall automatically expire unless Employee begins arbitration for the claim no later than the first anniversary of the day on which the Employee
learned or reasonably should have learned that he or she may have such claim. 

  

	 	(e)	Attorneys’ Fees. If Employee breaches any of the covenants set forth in this Agreement, Employee agrees to pay all costs (including reasonable
attorneys’ fees) incurred by the Company in establishing that breach and in otherwise enforcing any of the covenants or provisions of this Agreement. 

6. Suits Against Company. 
  

	 	(a)	Both during and after the term of employment hereunder, Employee covenants that Employee will not bring suit or file counterclaims against the Company, for corporate
misconduct (which for this purpose does not mean matters for which Employee has a personal claim against the Company in his or her capacity as an employee), unless both of (i) and (ii) shall have occurred, namely: 

 

	 	(i)	Employee shall have first made written demand to the Company’s Board of Directors to investigate and deal with such misconduct, and 

 

	 	(ii)	The Board of Directors shall have failed within 45 days after the date of receipt of such demand to establish a Special Litigation Committee, consisting exclusively of
outside directors, to investigate and deal with such misconduct. 

  

	 	(b)	Without limiting the generality and to further implement the foregoing, Employee irrevocably and unconditionally consents at the option of the Company to the entry of
temporary restraining orders and temporary and permanent injunctions (without posting bond or other security) against the filing of any action or counterclaim that is prohibited hereunder. 

 

	 	(c)	The opinion of the Board of Directors shall be binding and conclusive on the determination of which directors constitute “outside directors,” and the
determination of the Special Litigation Committee shall be binding and conclusive on all matters relating to the actual or alleged misconduct which is referred to it as aforesaid. 

7. Cooperation in Proceedings. During and after the termination of Employee’s employment, Employee will cooperate fully and at reasonable
times with the Company and its subsidiaries in all litigations and regulatory proceedings on which the Company or any subsidiary seeks Employee’s assistance and as to which Employee has any knowledge or involvement. Without limiting the
generality of the foregoing, Employee will be available to testify at such litigations and other proceedings, and will cooperate with counsel to the Company in preparing materials and offering advice in such litigations and other proceedings. If
Employee is not then employed by the Company, the Company shall pay to Employee reasonable compensation for documented time spent in such cooperation, consistent with his or her compensation from the Company prior to termination. Except as required
by law and then only upon reasonable prior written notice to the Company, Employee will not in any way cooperate or assist any person or entity in any matter which is adverse to the Company or to any person who was at any time an officer or director
of the Company. 
 8. Non-Disparagement. Except as may be compelled by law or as authorized in writing by the Company, during and at all
times after Employee’s employment with the Company, Employee shall not make any oral or written statements, regardless of whether such statements are truthful, nor take any actions, which could disparage or denigrate: a) the Company or any of
its subsidiaries; b) any of the Company’s current or former officers, directors or employees; and/or c) the Company’s products or services. 

9. Miscellaneous. 
  

	 	(a)	 This Agreement is not a promise of employment. There are no oral representations, understandings or agreements with the Company or any of its officers,
directors or representatives covering the same subject matter as this Agreement. This written Agreement is the final, complete and exclusive statement and expression of the agreement between the Company and Employee and

  

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of all the terms of this Agreement, it cancels and supersedes all prior agreements with respect to the subject matter hereof, and it cannot be varied, contradicted or supplemented by evidence of
any prior or contemporaneous oral or written agreements. This written Agreement may not be later modified except by a further writing signed by the Company and Employee, and no term of this Agreement may be waived except by a writing signed by the
party waiving the benefit of such terms. 

  

	 	(b)	No waiver by the parties hereto of any default or breach of any term, condition or covenant of this Agreement shall be deemed to be a waiver of any subsequent default
or breach of the same or any other term, condition or covenant contained herein. This Agreement is intended, among other things, to supplement the applicable common and/or statutory laws and does not in any way abrogate any of the obligations or
duties Employee otherwise owes to the Company. 

  

	 	(c)	This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective heirs, legal representatives, successors and permitted
assigns. Employee may not assign either this Agreement or any of Employee’s rights, interests or obligations hereunder. Employee hereby agrees and acknowledges that the Company may assign any or all of its rights and interest hereunder,
including, but not limited to, Employee’s agreements contained in Section 2 and Section 3 hereof, without the consent of Employee, to any person or entity that acquires any of the assets of the Company, or to any
affiliate of the Company, or to any entity with which the Company merges or consolidates. 

  

	 	(d)	Whenever any notice is required hereunder, it shall be given in writing addressed as follows: 

 

					
		 	To the Company:	 	United Rentals, Inc.
		 		 	Five Greenwich Office Park
		 		 	Greenwich, CT 06831
		 		 	Attn: Human Resources Department
			
		 	with a copy to:	 	United Rentals, Inc.
		 		 	Five Greenwich Office Park
		 		 	Greenwich, CT 06831
		 		 	Attn: Legal Department
			
		 	To Employee:	 	To the home address Employee last provided to the Company’s Human Resources department

Notice shall be deemed effective: (a) five business days after the document is deposited in the U.S. mail (provided it is sent via
first class mail, certified, return receipt requested); (b) one business day after the document is delivered to a nationally recognized air courier for next day delivery; and/or (c) upon personal delivery. Either party may change the
address for notice by notifying the other party of such change in accordance with this paragraph. 
  

	 	(e)	If any section, provision or clause of this Agreement, or any portion thereof, is held void or unenforceable, the remainder of such section, provision or clause, and
all other sections, provisions or clauses of this Agreement, shall remain in full force and effect as if the section, provision or clause determined to be void or unenforceable had not been contained herein. The paragraph headings herein are for
reference purposes only and are not intended in any way to describe, interpret, define or limit the extent or intent of this Agreement or any part hereof. 

  

	 	(f)	All rights and remedies of either Party expressly set forth herein are intended to be cumulative and not in limitation of any other right or remedy set forth herein or
otherwise available to such party at law or in equity. Notwithstanding the foregoing, in no event shall either party be liable to the other for consequential or punitive damages, except as otherwise provided in this Agreement.

  

	 	(g)	 The Company makes no representations regarding the tax implications of any compensation, payments and benefits to be paid to Employee under this
Agreement, including, without limitation, under IRC Section 409A. Employee and the Company agree that in the event the Company 

 

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reasonably determines that the terms hereof would result in Employee being subject to tax under Section 409A of the Code, Employee and the Company shall negotiate in good faith to amend this
Agreement to the extent necessary to prevent the assessment of any such tax, including by delaying the payment dates of any amounts hereunder. 

  

	 	(h)	This Agreement shall in all respects be constructed according to the laws of the State of Connecticut, without regard to its conflict of laws principles.

  

	 	(i)	This Agreement may be executed by facsimile and/or in any number of counterparts, each of which upon execution and delivery shall be considered an original for all
purposes; provided, however, all such counterparts shall, together, upon execution and delivery, constitute one and the same instrument. 

  

									
	UNITED RENTALS, INC.	 	 	 	EMPLOYEE
				
	 BY:
	 	 /s/ CRAIG PINTOFF
	 		 	 /s/ JOSEPH DIXON

	 NAME:
	 	  
 Craig Pintoff
	 		 	JOSEPH DIXON
					
	 TITLE:
	 	 Vice President—Human Resources
	 		 	DATE:	 	 May 11, 2008

					
	 DATE:
	 	 May 11, 2008
	 		 		 	

  

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 EXHIBIT A 

Aggreko 
 American Equipment Company

 Ashtead Group Plc 
 Atlas Copco
Group 
 Atlas Copco Rental Service 

Caterpillar Inc. 
 CAT Rental 

Deere & Co. 
 GE Capital equipment
leasing divisions 
 Golder Thoma 
 H
& E Equipment Services 
 Hertz Equipment Rental Corp. 

Home Depot 
 National Equipment Services, Inc.

 Nations Rent, Inc. 
 Neff
Corporation 
 Rental Service Corporation 

RentX Industries, Inc. 
 Sunstate Equipment Co.

 Sunbelt Rentals Inc. 
 Volvo AB

 Any company on the “RER 100” list 

Any affiliate of any of the foregoing. 
  

 10Flannery Employment Agreement

 Exhibit 10(b) 

EMPLOYMENT AGREEMENT 

THIS AGREEMENT (this “Agreement”), made in Greenwich, Connecticut as of March 12, 2010, between United Rentals,
Inc., a Delaware corporation (the “Company”), and Matthew Flannery (“Executive”). 
 WHEREAS, the
Company desires to employ Executive as its Senior Vice President, Operations, and Executive desires to accept such employment on the terms and conditions hereinafter set forth; 

NOW, THEREFORE, IN CONSIDERATION of the mutual covenants and agreements hereinafter set forth, the Company and Executive agree as
follows: 
 1. At Will Employment. 

Executive will be employed by the Company at will, which means that either Executive or the Company may terminate the employment
relationship at any time and for any reason or no reason. Notwithstanding the foregoing, following the termination of Executive’s employment, Executive shall be entitled to the compensation and benefits provided for in Section 4 of this
Agreement, as applicable depending on the circumstances of such termination, in accordance with such provisions. 
 2.
Employment. 
 (a) Employment by the Company. Executive agrees to be employed by the Company upon the terms and
subject to the conditions set forth in this Agreement. Executive shall serve as the Senior Vice President, Operations. 
 (b)
Performance of Duties. During his employment, Executive shall faithfully and diligently perform Executive’s duties in conformity with the directions of the President of the Company (or his/her designee) and serve the Company to the best
of Executive’s ability. Executive shall devote his full business time and best efforts to the business and affairs of the Company. In his capacity as Senior Vice President, Operations, he shall have such duties and responsibilities as are
customary for Executive’s position and any other duties and responsibilities he may be assigned by the President and Chief Executive Officer (or his/her/their designee) of the Company. 

(c) Place of Performance. Executive shall be based at the Company’s offices in Greenwich, Connecticut. Executive
recognizes that his duties will require, at the Company’s expense, routine travel to domestic and international locations. 

3. Compensation and Benefits. 

(a) Base Salary. The Company agrees to pay to Executive a base salary (“Base Salary”) at the annual rate of $375,000.
The Compensation Committee of the Board of Directors of the Company may determine in its sole discretion to increase or decrease the Base Salary. Payments of the Base Salary shall be payable in equal installments in accordance with the
Company’s standard payroll practices. 

 (b) Annual Incentive Bonus Plan. With respect to each year during Executive’s
employment hereunder, Executive shall be eligible to receive an annual cash incentive bonus (the “Annual Bonus”) pursuant to the terms of the United Rentals, Inc. Annual Incentive Compensation Plan or any successor thereto, as it may be
amended from time to time (the “Annual Incentive Plan”). Executive’s target incentive opportunity under the Annual Incentive Plan shall be 90% of Base Salary (as at the beginning of the applicable performance period) and
Executive’s maximum incentive opportunity shall be 135% of Base Salary (as at the beginning of the applicable performance period). Executive has been determined by the Committee (as defined in the Annual Incentive Plan) to be a Covered Employee
(as defined in the Annual Incentive Plan) under the Annual Incentive Plan, and Executive’s Performance Goals (as defined in the Annual Incentive Plan) shall be determined by the Committee (as defined in the Annual Incentive Plan) in accordance
with Section 2.11.1 and Article V of the Annual Incentive Plan. The Annual Bonus for a year (if any) shall be paid to Executive in the year following such year at such times and in such amounts as provided in the Annual Incentive Plan, provided
that in no event shall such payment be paid later than December 31 of the following year. 
 (c) 2010 Performance-Based
Long-Term Award Grant. The Company shall grant Executive 25,000 Restricted Stock Units and 67,000 Stock Options pursuant to the terms of the applicable plan under which the award is granted. 

(d) Benefits and Perquisites. Executive shall be entitled to participate in, to the extent Executive is otherwise eligible under
the terms thereof, the benefit plans and programs, and receive the benefits and perquisites, generally provided by the Company to executives of the Company, including without limitation family medical insurance (subject to applicable employee
contributions). Executive shall be entitled to not less than 15 vacation days per year, such days to be accrued and used in accordance with Company policy. 

(e) Business Expenses. The Company agrees to reimburse Executive for all reasonable and necessary travel, business entertainment
and other business expenses incurred by Executive in connection with the performance of his duties under this Agreement in accordance with, and subject to, the Company’s standard policies and procedures. Such reimbursements shall be made by the
Company on a timely basis upon submission by Executive of vouchers in accordance with the Company’s standard policies and procedures. 

(f) Reimbursement of Compensation. In the event that payment of any compensation to Executive is predicated upon the achievement
of certain financial results that subsequently are the subject of a Mandatory Restatement (as defined below) and a lower payment (or no payment) would have been made to Executive based upon the restated financial results, Executive shall reimburse
the Company the difference between the amount actually paid and the amount that would have been payable to Executive reduced by the Net Tax Costs (as defined below), based upon the restated financial results. Executive’s reimbursement to the
Company shall be made within 30 business days after receiving written notice of the amount owed and the calculations thereof. A “Mandatory Restatement” shall mean a restatement of the Company’s financial statement which, in the good
faith opinion of the Company’s public accounting firm, is required to be implemented pursuant to generally accepted accounting 

 

 2 

 
principles, but excluding (i) any restatement which is required with respect to a particular year as a consequence of a change in generally accepted accounting rules effective after the
publication of the financial statements for such year, or (ii) any restatement that (A) in the good faith judgment of the Audit Committee of the Board of Directors of the Company (“Audit Committee”), is required due to a change
in the manner in which the Company’s auditors interpret the application of generally accepted accounting principles (as opposed to a change in a prior accounting conclusion due to a change in the facts upon which such conclusion was based), or
(B) is otherwise required due to events, facts or changes in law or practice that the Board of Directors of the Company concludes were beyond the control and responsibilities of Executive and that occurred regardless of Executive’s
diligent and thorough performance of his duties and responsibilities. “Net Tax Costs” shall mean the net amount of any federal, foreign, state or local income and employment taxes paid by Executive in respect of the portion of the
compensation subject to reimbursement, after taking into account any and all available deductions, credits or other offsets allowable to Executive (including without limit, any deductions permitted under the claim of right doctrine), and regardless
of whether Executive would be required to amend any prior income or other tax returns. 
 (g) No Other Compensation or
Benefits; Payment; Withholdings. The compensation and benefits specified in this Section 3 and in Section 4 of this Agreement shall be in lieu of any and all other compensation and benefits. Payment of all compensation and benefits to
Executive specified in this Section 3 and in Section 4 of this Agreement (i) shall be made in accordance with the relevant Company policies in effect from time to time to the extent the same are consistently applied, including normal
payroll practices, and (ii) shall be subject to all legally required and customary withholdings. 
 (h) Cessation of
Employment. In the event Executive shall cease to be employed by the Company for any reason, then Executive’s compensation and benefits shall cease on the date of such event, except as otherwise specifically provided herein or in any
applicable employee benefit plan or program or as required by law. 
 (i) Indemnification. The Company shall indemnify
Executive in accordance with, and subject to, the terms of the indemnification agreement in the form attached hereto as Exhibit B (the “Indemnification Agreement”). Notwithstanding anything in this Agreement to the contrary, the rights and
obligations of the parties with respect to indemnification (including dispute resolution, governing law and notice) shall be governed by the Indemnification Agreement. 

4. Compensation Following Termination. Executive shall be entitled only to the following compensation and benefits upon
termination of employment: 
 (a) General. On any termination of Executive’s employment, he shall be entitled to:

 (i) any accrued but unpaid Base Salary for services rendered through the date of termination; 

 

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 (ii) any vacation accrued but unused as of the date of termination; 

(iii) any accrued but unpaid expenses required to be reimbursed in accordance with Section 3(e) of this Agreement; 

(iv) receive any benefits to which he may be entitled upon termination, if any, pursuant to the plans and programs referred to in
Sections 3(d) hereof or as may be required by applicable law; and 
 (v) receive any amounts or benefits to which he may be
entitled upon termination, if any, pursuant to the plans and agreement referred to in Sections 3(b) and 3(c) hereof in accordance with the terms of such plans and agreements. 

(vi) such rights as he has under the terms of the Indemnification Agreement. 

(b) Termination by the Company for Cause; Termination by Executive Without Good Reason. In the event that Executive’s
employment is terminated (i) by the Company for Cause (as defined below) or (ii) by Executive without Good Reason (as defined below), Executive shall be entitled only to those items identified in Section 4(a). 

(c) Termination by Reason of Death or Disability. In the event that Executive’s employment is terminated by reason of
Executive’s death or Disability (as defined below), Executive (or his estate, as the case may be) shall be entitled only to the following: 

(i) those items identified in Section 4(a); and 

(ii) if Executive (or, following his death, his spouse) timely elects COBRA continuation coverage, the Company will pay through the COBRA
Payment End Date (as defined below) the monthly premiums for the level of coverage Executive maintained on the date of termination. The “COBRA Payment End Date” shall be the earlier of (A) 12 months following the date of termination
and (B) the date Executive becomes employed by a third party and is eligible for coverage under the group health plan of the new employer. If during the period Executive is receiving this benefit, Executive obtains new employment and becomes
eligible for coverage under the group benefits plan of the new employer, Executive shall promptly notify the Company in writing of such eligibility. 

(d) Termination by the Company Without Cause or by Executive for Good Reason. In the event that Executive’s employment is
terminated (i) by the Company without Cause or (ii) by Executive for Good Reason, Executive shall be entitled only to the following: 

(i) those items identified in Section 4(a); 

(ii) if Executive timely elects COBRA continuation coverage, the Company will pay through the COBRA Payment End Date (as defined above)
the monthly premiums for the level of coverage Executive maintained on the date of termination, provided that if during the period Executive is receiving this benefit, Executive obtains new employment and becomes eligible for coverage under the
group benefits plan of the new employer, Executive must promptly notify the Company in writing of such eligibility; and 
  

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 (iii) an amount equal to 380% of Executive’s Base Salary as of the
date of termination, payable in substantially equal installments during the 24-month period following the date of termination in accordance with the Company’s normal payroll practices (the “Severance Pay”); provided, however, that the
first payment shall be on the pay day coinciding with or next following the sixtieth
(60th) day after the date of termination, and such
payment shall be equal to the amounts that would have been paid had payments begun immediately after the date of termination. Notwithstanding the foregoing, if necessary to comply with Section 409A(a)(2)(B)(i) of the Internal Revenue Code of
1986, as amended (the “Code”), and applicable administrative guidance and regulations, the payment of the Severance Pay such sums shall be made as follows: (A) no payments shall be made for a six-month period following the date of
termination, (B) an amount equal to six months of Severance Pay shall be paid in a lump sum six months and one day following the date of termination with interest at the applicable federal rate pursuant to Section 1274 of the Code, and
(C) during the period beginning six months and one day following the date of termination through the remainder of the 24-month period, payment of the Severance Pay shall be made in accordance with the Company’s normal payroll practices.

 (e) Definitions of Cause, Good Reason and Disability. 

(i) For purposes of this Agreement, the term “Cause” shall mean any of the following: (A) Executive has willfully
misappropriated any funds or property of the Company or its affiliates, or has willfully destroyed property of the Company or its affiliates; (B) Executive has committed (1) a felony or (2) any crime (x) involving fraud,
dishonesty or moral turpitude or (y) that materially impairs Executive’s ability to perform his duties and responsibilities with the Company or that causes material damage to the Company or its affiliates or their operations or reputation;
(C) Executive has (1) obtained personal profit from any transaction of or involving the Company or an affiliate of the Company (or engaged in any activity with the intent of obtaining such a personal profit) without the prior approval of
the Company or (2) engaged in any other willful misconduct which constitutes a breach of fiduciary duty or the duty of loyalty to the Company or its affiliates and which has resulted or is reasonably likely to result in material damage to the
Company or its affiliates; (D) Executive’s material failure to perform his duties with the Company (other than as a result of total or partial incapacity due to physical or mental illness), provided, however, that, if susceptible of cure,
a termination by the Company for Cause under this Section 4(e)(i)(D) shall be effective only if, within 20 days following delivery of a written notice by the Company to Executive that Executive has materially failed to perform his duties and
that reasonably identifies the reason(s) for such determination, Executive has failed to cure such failure to perform; (E) Executive’s use of alcohol or drugs has materially interfered with his ability to perform his duties and
responsibilities with the Company; (F) Executive has knowingly made any untrue statement or omission of a material nature to the Company or an affiliate of the Company; (G) Executive has knowingly falsified Company records (or those of one
of its affiliates); (H) Executive has willfully committed any act (1) which is intended to materially damage the reputation of the Company or an affiliate of the Company or (2) which in fact materially damages the reputation

  

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of the Company or an affiliate; (I) Executive (1) has willfully violated the Company’s material policies or rules (including, but not limited to, the Company’s equal
employment opportunity policies), which violation has resulted or is reasonably likely to result in damage to the Company or its affiliates, or (2) is guilty of gross negligence or willful misconduct in the performance of his duties with the
Company, which has resulted or is reasonably likely to result in material damage to the Company or its affiliates; (J) Executive has materially breached a covenant set forth in Section 5 or otherwise materially violated any
confidentiality, non-competition or non-solicitation prohibitions imposed on Executive under common law or under the terms of any agreement with the Company; or (K) Executive has willfully obstructed or attempted to obstruct, or has willfully
failed to cooperate with, any investigation authorized by the Board of Directors of the Company or any governmental or self-regulatory authority regarding a Company matter. 

(ii) For purposes of this Agreement, the term “Good Reason” shall mean any of the following: (A) the Company removes
Executive from a Senior Vice President position, other than due to his resignation; (B) the Company decreases or fails to pay the compensation described in Section 3 of this Agreement (in accordance with, and subject to, such provisions);
(C) a material breach of this Agreement by the Company; (D) Executive’s job site is relocated to a location which is more than fifty (50) miles from Greenwich, Connecticut and more than fifty (50) miles from Moorestown, New
Jersey, unless the parties mutually agree in writing to such relocation; (E) material diminution of Executive’s duties or responsibilities (it being understood by the parties that a simultaneous increase and decrease of Executive’s
duties and responsibilities shall not constitute Good Reason) or (F) the failure by the Company to obtain the express written assumption of this Agreement by any successor to all or substantially all of the Company’s business or
operations; provided, however, that a termination by Executive for Good Reason under this Section 4(e)(ii) shall be effective only if, within 20 days following delivery of a written notice by Executive to the Company that Executive is
terminating his employment for Good Reason and that reasonably identified the reason(s) for such determination, such notice to be given not later than 90 days after the occurrence (or, if later, the date that Executive becomes aware or reasonably
should have become aware of such occurrence) of the event(s) claimed to constitute Good Reason, the Company has failed to cure the circumstances giving rise to Good Reason. 

(iii) For purposes of this Agreement, a “Disability” shall occur in the event Executive is unable to perform the duties and
responsibilities contemplated under this Agreement for a period of either (A) 90 consecutive days or (B) six months in any 12-month period due to physical or mental incapacity or impairment. During any period that Executive fails to
perform Executive’s duties hereunder as a result of incapacity or impairment due to physical or mental illness (the “Disability Period”), Executive shall continue to receive the compensation and benefits provided by Section 3 of
this Agreement until Executive’s employment hereunder is terminated; provided, however, that the amount of base compensation and benefits received by Executive during the Disability Period shall be reduced by the aggregate amounts, if any,
payable to Executive under any disability benefit plan or program provided to Executive by the Company in respect of such period. 

(f) Effect of Material Breach of Section 5 on Compensation Following Termination of Employment. If, at the time of
termination of Executive’s employment or any 
  

 6 

 
time thereafter, Executive is in material breach of any covenant contained in Section 5 hereof, except as otherwise required by law, Executive shall not be entitled to any payments (or if
payments have commenced, any continued payment) under this Section 4. 
 (g) Resignation of Offices Upon
Termination. Upon termination of Executive’s employment for any reason, Executive agrees that he shall resign from all offices and positions he holds with the Company or any of its affiliates; and further agrees that he shall execute such
documents as shall be reasonably necessary to give effect to such resignations. 
 (h) No Further Liability; Release.
Other than providing the compensation and benefits provided for in accordance with this Section 4, the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall
have no further obligation or liability to Executive or any other person under this Agreement. The payment of any amounts pursuant to this Section 4 (other than payments required by law) is expressly conditioned upon (i) the delivery by
Executive to the Company of a release in form and substance reasonably satisfactory to the Company of any and all claims Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders,
successors, assigns, agents and representatives arising out of or related to Executive’s employment by the Company and the termination of such employment and (ii) Executive not revoking such release within seven days of his delivery of the
release. The Company shall provide Executive with the proposed form of such release no later than seven (7) days following the date of termination, and Executive shall execute such release no later than fifty-two (52) days after the date
of termination. 
 5. Exclusive Employment; Noncompetition; Nonsolicitation; Nondisclosure of Proprietary Information;
Surrender of Records; Inventions and Patents. 
 5.1 No Conflict; No Other Employment. During the period of
Executive’s employment with the Company, Executive shall not: (i) engage in any activity which conflicts or interferes with or derogates from the performance of Executive’s duties hereunder nor shall Executive engage in any other
business activity, whether or not such business activity is pursued for gain or profit, except as approved in advance in writing by the Company; provided, however, that Executive shall be entitled to manage his personal investments and otherwise
attend to personal affairs, including charitable, social and political activities in a manner that does not unreasonably interfere with his responsibilities hereunder, or (ii) accept or engage in any other employment, whether as an employee or
consultant or in any other capacity, and whether or not compensated therefor. 
 5.2 Noncompetition; Nonsolicitation.

 (a) Executive acknowledges and recognizes the highly competitive nature of the Company’s business and that access to the
Company’s confidential records and proprietary information and exposure to customers, vendors, distributors and suppliers of the Company renders him special and unique within the Company’s industry. In consideration of Executive’s
promotion, continued employment, the any payment(s) by the Company to Executive of amounts that may hereafter be paid to Executive pursuant to this Agreement (including, without 

 

 7 

 
limitation, pursuant to Sections 3 and 4 hereof) and other obligations undertaken by the Company hereunder, Executive agrees that during (i) his employment with the Company, and
(ii) the period beginning on the date of termination of employment and ending 24 months after the date of termination of employment (the “Covered Time”), Executive shall not, directly or indirectly (whether through affiliates,
relatives, or otherwise), engage (as owner, investor, partner, stockholder, employer, employee, consultant, advisor, director or otherwise) in any Competing Business in any Restricted Area (each as defined below), provided that the provisions of
this Section 5.2(a) will not be deemed breached solely because Executive owns less than 5% of the outstanding common stock of a publicly-traded company. 

(b) In further consideration of any payment(s) by the Company to Executive of amounts that may hereafter be paid to Executive pursuant to
this Agreement (including, without limitation, pursuant to Sections 3 and 4 hereof) and other obligations undertaken by the Company hereunder, Executive agrees that during his employment and the Covered Time, he shall not, directly or indirectly
(whether through affiliates, relatives, or otherwise), (i) solicit, encourage or attempt to solicit or encourage any of the employees, agents, consultants or representatives of the Company or any of its affiliates to terminate his, her, or its
relationship with the Company or such affiliate; (ii) solicit, encourage or attempt to solicit or encourage any of the employees, agents, consultants or representatives of the Company or any of its affiliates to become employees, agents,
representatives or consultants of any other person or entity; (iii) solicit or attempt to solicit any customer, vendor, distributor or supplier of the Company or any of its affiliates in connection with a Competing Business with respect to any
product or service being furnished, made, sold, rented or leased by the Company or such affiliate; or (iv) persuade or seek to persuade any customer, vendor, distributor or supplier of the Company or any affiliate to cease to do business or to
reduce the amount of business which such customer, vendor, distributor or supplier has customarily done or contemplates doing with the Company or such affiliate, whether or not the relationship between the Company or its affiliate and such customer,
vendor, distributor or supplier was originally established in whole or in part through Executive’s efforts. For purposes of this Section 5.2(b) only, during the Covered Time, the terms “customer,” “vendor,”
“distributor,” and “supplier” shall mean a customer, vendor, distributor or supplier who has done business with the Company or any of its affiliates within 12 months preceding the termination of Executive’s employment.

 (c) Executive understands that the provisions of this Section 5.2 may limit his ability to earn a livelihood in a
business similar to the business of the Company or its affiliates but nevertheless agrees and hereby acknowledges that the consideration provided under this Agreement, including any amounts or benefits provided under Sections 3 and 4 hereof and
other obligations undertaken by the Company hereunder, is sufficient to justify the restrictions contained in such provisions. In consideration thereof and in light of Executive’s education, skills and abilities, which may allow Executive to
sufficiently earn a living in other available industries, Executive agrees that he will not assert in any forum that any provisions of this Agreement prevent him from earning a living or otherwise are void or unenforceable or should be held void or
unenforceable. Executive further affirms that Executive has had an opportunity to review this provision, as well as this Agreement in its entirety, with counsel of Executive’s choosing. 

 

 8 

 (d) For purposes of this Agreement, “Competing Business” shall mean (i) any
business in which the Company is currently engaged, including, but not limited to, renting and selling equipment and merchandise to the commercial and general public, including construction equipment, earthmoving equipment, aerial equipment, aerial
work platforms, trench safety equipment, industrial equipment, landscaping equipment, contractor supplies, and home repair and maintenance equipment, as well as the buying of companies that engage in such activities along with the computer hardware
and software systems designed, developed and utilized with respect to any of the foregoing; (ii) any other future business which the Company engages, or has planned to engage, in to a material extent during Executive’s employment with the
Company; and (iii) any of the entities identified on Exhibit (A). 
 (e) For purposes of this Agreement, “Restricted
Area” means (i) the (A) states of: 1) Alabama, 2) Alaska, 3) Arizona, 4) Arkansas, 5) California, 6) Colorado, 7) Connecticut, 8) Delaware, 9) Florida, 10) Georgia, 11) Hawaii, 12) Idaho, 13) Illinois, 14) Indiana, 15) Iowa, 16)
Kansas, 17) Kentucky, 18) Louisiana, 19) Maine, 20) Maryland (including the District of Columbia), 21) Massachusetts, 22) Michigan, 23) Minnesota, 24) Mississippi, 25) Missouri, 26) Montana, 27) Nebraska, 28) Nevada, 29) New Hampshire, 30) New
Jersey, 31) New Mexico, 32) New York, 33) North Carolina, 34) North Dakota, 35) Ohio, 36) Oklahoma, 37) Oregon, 38) Pennsylvania, 39) Rhode Island, 40) South Carolina, 41) South Dakota, 42) Tennessee, 43) Texas, 44) Utah, 45) Vermont, 46) Virginia,
47) Washington, 48) West Virginia, 49) Wisconsin, and 50) Wyoming; and (B) Canadian Provinces of 1) New Brunswick, 2) Newfoundland and Labrador, 3) Nova Scotia, 4) Ontario, 5) Prince Edward Island, 6) Quebec, 7) Manitoba, 8) Saskatchewan, 9)
Alberta, and 10) British Columbia; (ii) any state in the United States and any province in Canada in which the Company conducts any business on the date of the determination of whether he is engaged in a Competing Business or at any time within
12 months preceding such date; and (iii) the area within a 200 mile radius of any office or facility of the Company (whether foreign or domestic) in which the Company conducts any business on the date of the determination of whether he is
engaged in a Competing Business or at any time within 12 months preceding such date. 
 5.3 Proprietary Information.
Executive acknowledges that during the course of his employment with the Company he will necessarily have access to and make use of proprietary information and confidential records of the Company and its affiliates. Executive covenants that he shall
not during his employment or at any time thereafter, directly or indirectly, use for his own purpose or for the benefit of any person or entity other than the Company, nor otherwise disclose to any individual or entity, any proprietary information,
unless such disclosure is made in the good faith performance of Executive’s duties hereunder, has been authorized in writing by the Company, or is otherwise required by law. Executive acknowledges and understands that the term “proprietary
information” includes, but is not limited to: (a) the software products, programs, applications, and processes utilized by the Company or any of its affiliates; (b) the name and/or address of any customer, vendor, distributor or
supplier of the Company or any of its affiliates or any information concerning the transactions or relations of any customer, vendor, distributor or supplier of the Company or any of its affiliates with the Company or such affiliate or any of its or
their partners, principals, directors, officers or agents; (c) any information concerning any product, technology, or procedure employed by the Company or any of its affiliates but not generally known to its or their customers, vendors,

  

 9 

 
distributors, suppliers or competitors, or under development by or being tested by the Company or any of its affiliates but not at the time offered generally to customers, vendors, distributors
or suppliers; (d) any information relating to the computer software, computer systems, pricing or marketing methods, sales margins, cost of goods, cost of material, capital structure, operating results, borrowing arrangements or business plans
of the Company or any of its affiliates; (e) any information which is generally regarded as confidential or proprietary in any line of business engaged in by the Company or any of its affiliates; (f) any business plans, budgets,
advertising or marketing plans; (g) any information contained in any of the written or oral policies and procedures or manuals of the Company or any of its affiliates; (h) any information belonging to customers, vendors, distributors or
suppliers of the Company or any of its affiliates or any other person or entity which the Company or any of its affiliates has agreed to hold in confidence; (i) any inventions, innovations or improvements covered by this Agreement;
(j) information regarding the Company’s current employees and their assigned duties and compensation; and (k) all written, graphic, electronic, digital, and other material relating to any of the foregoing. Executive acknowledges and
understands that information that is not novel or copyrighted or patented or a trade secret may nonetheless be proprietary information. The term “proprietary information” shall not include information that is or becomes generally available
to and known by the public through no direct or indirect efforts of Executive or information that is or becomes available to Executive on a non-confidential basis from a source other than the Company, any of its affiliates, or the directors,
officers, employees, partners, principals or agents of the Company or any of its affiliates (other than as a result of a breach of any obligation of confidentiality). 

5.4 Confidentiality and Surrender of Records. Executive shall not during his employment or at any time thereafter (irrespective of
the circumstances under which Executive’s employment by the Company terminates), except as required by law, directly or indirectly publish, make known or in any fashion disclose any confidential records to, or permit any inspection or copying
of confidential records by, any individual or entity other than in the course of such individual’s or entity’s employment or retention by the Company. Upon termination of employment for any reason or request by the Company, Executive shall
deliver promptly to the Company all property and records of the Company or any of its affiliates, including, without limitation, all confidential records. For purposes hereof, “confidential records” means all correspondence, reports,
memoranda, files, manuals, books, lists, financial, operating or marketing records, magnetic tape, digital, or electronic or other media or equipment of any kind which may be in Executive’s possession or under his control or accessible to him
which contain any proprietary information. All property and records of the Company and any of its affiliates (including, without limitation, all confidential records) shall be and remain the sole property of the Company or such affiliate during
Executive’s employment with the Company and thereafter. 
 5.5 Inventions and Patents. All inventions, innovations
or improvements (including policies, procedures, products, improvements, software, ideas and discoveries, whether patent, copyright, trademark, service mark, or otherwise) conceived or made by Executive, either alone or jointly with others, in the
course of his employment by the Company, belong to the Company. Executive will promptly disclose in writing such inventions, innovations or improvements to the Company and perform all actions reasonably requested by the Company to establish and
confirm such ownership by the Company, including, but not limited to, cooperating with and assisting the Company in obtaining patents, copyrights, trademarks, or service marks for the Company in the United States and in foreign countries.

  

 10 

 5.6 Enforcement. Executive acknowledges and agrees that, by virtue of his position,
his services and access to and use of confidential records and proprietary information, any violation by him of any of the undertakings contained in this Section 5 would cause the Company and/or its affiliates immediate, substantial and
irreparable injury for which it or they have no adequate remedy at law. Accordingly, Executive agrees and consents to the entry of an injunction or other equitable relief by a court of competent jurisdiction restraining any violation or threatened
violation of any undertaking contained in this Section 5. Executive waives posting by the Company or its affiliates of any bond otherwise necessary to secure such injunction or other equitable relief. Rights and remedies provided for in this
Section 5 are cumulative and shall be in addition to rights and remedies otherwise available to the parties hereunder or under any other agreement or applicable law. 

6. Assignment and Transfer. 

(a) Company. This Agreement shall inure to the benefit of and be enforceable by, and may be assigned by the Company without
Executive’s consent to, any purchaser of all or substantially all of the Company’s business or assets, any successor to the Company or any assignee thereof (whether direct or indirect, by purchase, merger, consolidation or otherwise).

 (b) Executive. The parties hereto agree that Executive is obligated under this Agreement to render personal services
of a special, unique, unusual, extraordinary and intellectual character, thereby giving this Agreement special value. Executive’s rights and obligations under this Agreement shall not be transferable by Executive by assignment or otherwise, and
any purported assignment, transfer or delegation thereof shall be void; provided, however, that if Executive shall die, all amounts then payable to Executive hereunder shall be paid in accordance with the terms of this Agreement to Executive’s
estate. 
 7. Miscellaneous. 

(a) Other Obligations. Executive represents and warrants that neither Executive’s employment with the Company nor
Executive’s performance of Executive’s obligations hereunder will conflict with or violate or otherwise are inconsistent with any other obligations, legal or otherwise, which Executive may have. Executive covenants that he shall perform
his duties hereunder in a professional manner and not in conflict or violation, or otherwise inconsistent with other obligations legal or otherwise, which Executive may have. 

(b) Nondisclosure. Executive will not disclose to the Company, use, or induce the Company to use, any proprietary information,
trade secrets or confidential business information of others. 
 (c) Cooperation. Following termination of employment
with the Company for any reason, Executive shall cooperate with the Company, as reasonably requested by the Company, to effect a transition of Executive’s responsibilities and to ensure that the Company is aware of all matters being handled by
Executive. The Company shall (i) pay Executive a per 
  

 11 

 
diem fee based on Executive’s Base Salary for work performed in connection with such obligation, provided that Executive shall not be entitled to receive per diem fees in respect of
cooperation provided during any period for which Executive is receiving payments pursuant to Section 4 above and further provided that such work shall be approved in advance in writing by the Company and (ii) reimburse Executive’s
reasonable expenses incurred in connection with such pre-approved work. 
 (d) Assistance in Proceedings, Etc. Executive
shall, during and after his employment, upon reasonable notice, furnish such information and proper assistance to the Company as may reasonably be required by the Company in connection with any legal or quasi-legal proceeding, including any external
or internal investigation, involving the Company or any of its affiliates. The Company shall (i) pay Executive a per diem fee based on Executive’s Base Salary (with portions of days being aggregated to form days of eight hours) for
material work performed in connection with such obligations (i.e., Executive is required to attend a meeting or spend more than one hour during a day responding to or otherwise participating in telephone, email, or telecopy communications)
subsequent to termination of Executive’s employment with the Company, provided that (A) such work is approved in advance in writing by the Company, (B) no payments shall be due in connection with assistance provided during any period
for which Executive is receiving payments pursuant to Section 4 above and (C) no payments shall be due for any time Executive spends testifying before the U.S. Securities and Exchange Commission or in any proceeding; and
(ii) reimburse Executive’s reasonable expenses incurred in connection with the foregoing obligations. 
 (e)
Mitigation. Executive shall not be required to mitigate damages or the amount of any payment provided to him under Section 4 of this Agreement by seeking other employment or otherwise, nor shall the amount of any payments provided to
Executive under Section 4 be reduced by any compensation earned by Executive as the result of employment by another employer after the termination of Executive’s employment or otherwise. 

(f) No Right of Set-off Etc. The obligation of the Company to make the payments provided for in this Agreement and
otherwise to perform its obligations hereunder shall not be affected by any circumstances, including without limitation, set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against Executive or
others. 
 (g) Protection of Reputation. During Executive’s employment with the Company and thereafter, Executive
agrees that he will take no action which is intended, or would reasonably be expected, to harm the reputation of the Company or any of its affiliates or which would reasonably be expected to lead to unwanted or unfavorable publicity to the Company
or its affiliates. Nothing herein shall prevent Executive from making any truthful statement in connection with any investigation by the Company or any governmental authority or in any legal proceeding. 

(h) Governing Law. This Agreement shall be governed by and construed (both as to validity and performance) and enforced in
accordance with the internal laws of the State of Connecticut applicable to agreements made and to be performed wholly within such jurisdiction, without regard to the principles of conflicts of law or where the parties are located at the time a
dispute arises. 
  

 12 

 (i) Arbitration. 

(i) General. Executive and the Company specifically, knowingly, and voluntarily agree that they shall use final and binding
arbitration to resolve any dispute (an “Arbitrable Dispute”) between Executive, on the one hand, and the Company (or any affiliate of the Company), on the other hand. This arbitration agreement applies to all matters arising out of or
related to this Agreement, any other agreement between Executive and the Company, or Executive’s employment with the Company or the termination thereof, including without limitation disputes about the validity, interpretation, or effect of this
Agreement, or alleged violations of it, any payments due hereunder and all claims arising out of any alleged discrimination, harassment or retaliation, including, but not limited to, those covered by Title VII of the Civil Rights Act of 1964, as
amended, the Age Discrimination in Employment Act of 1967, as amended, and the Americans With Disabilities Act or any other federal, state or local law relating to discrimination in employment, provided, however, that disputes under the
Indemnification Agreement shall not be arbitrable pursuant to this provision. 
 (ii) Injunctive Relief. Notwithstanding
anything to the contrary contained herein, the Company and any affiliate of the Company (if applicable) shall have the right to seek injunctive or other equitable relief from a court of competent jurisdiction to enforce Section 5 of this
Agreement. For purposes of seeking enforcement of Section 5, the Company and Executive hereby exclusively consent to the jurisdiction of: any state court sitting in Fairfield County, Connecticut; any federal court in the District of
Connecticut; or any state or federal court sitting in the City, County, and State of New York. 
 (iii) The Arbitration.
Any arbitration pursuant to this Section 7(i) will take place within Fairfield County, Connecticut or within New York, New York, under the auspices of the American Arbitration Association, in accordance with the Employment Arbitration Rules and
Mediation Procedures of the American Arbitration Association then in effect, and before a panel of three arbitrators selected in accordance with such rules. Judgment upon the award rendered by the arbitrators will be final and binding on both
parties and may be entered in: any state court sitting in Fairfield County, Connecticut; any federal court in the District of Connecticut; or any state or federal court sitting in the City, County, and State of New York. 

(iv) Fees and Expenses. In any arbitration or action for injunctive relief pursuant to this Agreement except as otherwise required
by law, each party shall be responsible for the fees and expenses of its own attorneys and witnesses, and the fees and expenses of the arbitrators shall be divided equally between the Company, on the one hand, and Executive, on the other hand.

 (v) Exclusive Forum. Except as permitted by Section 7(i)(ii) hereof, arbitration in the manner described in this
Section 7(i) shall be the exclusive forum for any Arbitrable Dispute. Except as permitted by Section 7(i)(ii), should Executive or the Company 

 

 13 

 
attempt to resolve an Arbitrable Dispute by any method other than arbitration pursuant to this Section 7(i), the responding party shall be entitled to recover from the initiating party all
damages, expenses, and attorneys’ fees incurred as a result of that breach. 
 (j) Section 409A of the Code.
The Company makes no representations regarding the tax implications of the compensation and benefits to be paid to Executive under this Agreement, including, without limit, under Section 409A of the Code and applicable guidance and regulations
thereunder. It is the intention of the parties that payments and benefits under this Agreement be interpreted to be exempt from or in compliance with Section 409A and, accordingly, to the maximum extent permitted, this Agreement shall be
interpreted to be exempt from or in compliance with Section 409A. Notwithstanding anything herein to the contrary, if (i) at the time of Executive’s “separation from service” (as defined in Treas. Reg.
Section 1.409A-1(h)) with the Company other than as a result of death, (ii) Executive is a “specified employee” (as defined in Section 409A(a)(2)(B)(i)), (iii) one or more of the payments or benefits received or to be
received by Executive pursuant to this Agreement would constitute deferred compensation subject to Section 409A, and (iv) the deferral of the commencement of any such payments or benefits otherwise payable hereunder as a result of such
separation of service is necessary in order to prevent any accelerated or additional tax under Section 409A, then the Company will defer the commencement of the payment of any such payments or benefits hereunder to the extent necessary (without
any reduction in such payments or benefits ultimately paid or provided to Executive) until the date that is six months following Executive’s separation from service with the Company (or the earliest date as is permitted under Section 409A
of the Code). Any payment deferred during such six-month period shall be paid in a lump sum on the day following such six-month period with interest at the applicable federal rate pursuant to Section 1274 of the Code. Any remaining payments or
benefits shall be made as otherwise scheduled under this Agreement. Furthermore, to the extent any other payments of money or other benefits due to Executive hereunder could cause the application of an accelerated or additional tax under
Section 409A, such payments or other benefits shall be deferred if deferral will make such payment or other benefits compliant under Section 409A, or otherwise such payment or other benefits shall be restructured, to the extent possible,
in a manner determined by the Company that does not cause such an accelerated or additional tax. To the extent any reimbursements or in-kind benefits due to Executive under this Agreement constitute deferred compensation under Section 409A of
the Code, any such reimbursements or in-kind benefits shall be paid to Executive in a manner consistent with Treas. Reg. Section 1.409A-3(i)(1)(iv). Each payment made under this Agreement shall be designated as a “separate payment”
within the meaning of Section 409A. 
 (k) Entire Agreement. This Agreement (including the plans and agreements
referenced in Section 3) contains the entire agreement and understanding between the parties hereto in respect of Executive’s employment and supersedes, cancels and annuls any prior or contemporaneous written or oral agreements,
understandings, commitments and practices between them respecting Executive’s employment. 
 (l) Amendment. This
Agreement may be amended only by a writing which makes express reference to this Agreement as the subject of such amendment and which is signed by Executive and, on behalf of the Company, by its duly authorized officer. 

 

 14 

 (m) Severability. If any provision of this Agreement or the application of any such
provision to any party or circumstances shall be determined by any court of competent jurisdiction or arbitration panel to be invalid or unenforceable to any extent, the remainder of this Agreement, or the application of such provision to such
person or circumstances other than those to which it is so determined to be invalid or unenforceable, shall not be affected thereby, and each provision hereof shall be enforced to the fullest extent permitted by law. If any provision of this
Agreement, or any part thereof, is held to be invalid or unenforceable because of the scope or duration of or the area covered by such provision, the parties hereto agree that the court or arbitration panel making such determination shall reduce the
scope, duration and/or area of such provision (and shall substitute appropriate provisions for any such invalid or unenforceable provisions) in order to make such provision enforceable to the fullest extent permitted by law and/or shall delete
specific words and phrases, and such modified provision shall then be enforceable and shall be enforced. The parties hereto recognize that if, in any judicial or arbitral proceeding, a court or arbitration panel shall refuse to enforce any of the
separate covenants contained in this Agreement, then that invalid or unenforceable covenant contained in this Agreement shall be deemed eliminated from these provisions to the extent necessary to permit the remaining separate covenants to be
enforced. In the event that any court or arbitration panel determines that the time period or the area, or both, are unreasonable and that any of the covenants is to that extent invalid or unenforceable, the parties hereto agree that such covenants
will remain in full force and effect, first, for the greatest time period, and second, in the greatest geographical area that would not render them unenforceable, and that the court or arbitration panel may enforce each provision to the fullest
extent enforceable even if such particular provision is not expressly divisible. 
 (n) Construction. The headings and
captions of this Agreement are provided for convenience only and are intended to have no effect in construing or interpreting this Agreement. The language in all parts of this Agreement shall be in all cases construed according to its fair meaning
and not strictly for or against the Company or Executive. As used herein, the words “day” or “days” shall mean a calendar day or days. 

(o) Nonwaiver. Neither any course of dealing nor any failure or neglect of either party hereto in any instance to exercise any
right, power or privilege hereunder or under law shall constitute a waiver of any other right, power or privilege or of the same right, power or privilege in any other instance. All waivers by either party hereto must be contained in a written
instrument signed by the party to be charged and, in the case of the Company, by its duly authorized officer. 
 (p)
Notices. Any notice required or permitted hereunder shall be in writing and shall be sufficiently given if personally delivered or if sent by registered or certified mail, postage prepaid, with return receipt requested, addressed: (i) in
the case of the Company, to United Rentals, Inc., Five Greenwich Office Park, Greenwich, Connecticut 06831, attn: General Counsel; and (ii) in the case of Executive, to Executive’s last known address as reflected in the Company’s
records, or to such other address as Executive shall designate by written notice to the Company. Any notice given hereunder shall be deemed to have been given at the time of receipt thereof by the person to whom such notice is given if personally
delivered, on the date following delivery to an overnight delivery service for next day delivery prior to such service’s deadline for such delivery, or on the date that is three days after the date of mailing if sent by registered or certified
mail. 
  

 15 

 (q) Survival. Cessation or termination of Executive’s employment with the
Company shall not result in termination of this Agreement or the Indemnification Agreement. The respective obligations of Executive and the Company as provided in the Indemnification Agreement, and Sections 4, 5, 6 and 7 of this Agreement shall
survive cessation or termination of Executive’s employment hereunder. 
 (r) Counterparts. This Agreement may be
executed in two or more counterparts, each of which shall be deemed an original and all of which together shall be deemed to be one and the same instrument. Signatures delivered by facsimile shall be effective for all purposes. 

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed on its behalf by an officer thereunto duly authorized and
Executive has duly executed this Agreement, all as of the date and year first written above. 
  

									
	UNITED RENTALS, INC.	 		 	EXECUTIVE:
				
	By:	 	 /s/ MICHAEL J. KNEELAND
	 		 	 /s/ MATTHEW FLANNERY

		 	Name:	 	Michael J. Kneeland	 		 	Matthew Flannery
		 	Title:	 	President and Chief Executive Officer	 		 	

  

 16 

 EXHIBIT A 

Aggreko 
 Ahern Rentals Inc. 

American Equipment Company 
 Ashtead Group Plc

 Atlas Copco Group 
 Atlas Copco
Rental Service 
 Caterpillar Inc. 

CAT Rental 
 Deere & Co. 

GE Capital equipment leasing divisions 
 Golder
Thoma 
 H & E Equipment Services 

Hertz Equipment Rental Corp. 
 Home Depot

 National Equipment Services, Inc. 

Nations Rent, Inc. 
 Neff Corporation

 Rental Service Corporation 
 RentX
Industries, Inc. 
 Sunstate Equipment Co. 

Sunbelt Rentals Inc. 
 Volvo AB 

Any company on the “RER 100” list 

Any affiliate of any of the foregoing.

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