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                                                                    Exhibit 10.5

                    [LETTERHEAD OF ASBURY AUTOMOTIVE GROUP]

This agreement is entered into as of February 8, 2002 between Asbury Automotive
Group L.L.C. ("Asbury") and Thomas Gibson ("Executive"), a key employee of
Asbury, in order to provide for an agreed-upon compensation in the event that
the Executive's employment is terminated as defined in this agreement. This
agreement will become effective upon the completion of an initial public
offering of shares of stock of Asbury (or its successor) (the "Effective Date").

1.       SEVERANCE PAY ARRANGEMENT

         If a Termination (as defined below) of Executive's employment occurs at
         any time on or after the Effective Date, Asbury will pay Executive 12
         months of Executive's base salary, but no less than $250,000 as of the
         date of Termination as Severance Pay. Payment (subject to required
         withholding) will be made by Asbury to Executive monthly on the regular
         payroll dates of Asbury starting with the date of Termination.

         If Executive participates in a bonus compensation plan at the date of
         Termination, Severance Pay will also include a portion of the target
         bonus for the year of Termination in an amount equal to the target
         bonus multiplied by the percentage of such year that has expired
         through the date of Termination.

         In addition, Executive shall be entitled for up to 12 months following
         the date of Termination to continue to participate at the same level of
         coverage and Executive contribution in any health, dental, disability
         and life insurance plans, as may be amended from time to time, in which
         Executive was participating immediately prior to the date of
         Termination. Such participation will terminate 30 days after Executive
         has obtained other employment under which Executive is covered by equal
         benefits. The Executive agrees to notify Asbury promptly upon obtaining
         such other employment. At the option of the executive, COBRA coverage
         will be available, as provided by company policy, at the termination of
         extended benefits as provided in this section.

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2.       DEFINITION OF TERMINATION TRIGGERING SEVERANCE PAY

         A "Termination" triggering the Severance Pay set forth above in Section
         1 is defined as (1) termination of Executive's employment by Asbury for
         any reason, except death, disability or "cause", or (2) voluntary
         termination by Executive because of (A) mandatory relocation of
         Executive's current principal place of business to a location more than
         50 miles away, or (B) Asbury's reduction of Executive's base salary, or
         (C) any material diminution of Executive's duties or job title, except
         in a termination for "cause", death, disability, retirement or
         voluntary resignation. The definition of "cause" is: (1) Executive's
         gross negligence or gross misconduct in carrying out Executive's duties
         resulting in either case in material harm to Asbury; or (2) Executive
         being convicted of a felony; or (3) Executive's breach of Sections 3, 4
         or 5 below or (4) Executive's willful and continued failure to perform
         substantially the executive's duties with the company.

3.       CONFIDENTIAL INFORMATION NONDISCLOSURE PROVISION

         During and after employment with Asbury, Executive agrees not to
         disclose to any person (other to an employee or director of Asbury or
         any affiliate and except as may be required by law) and not to use to
         compete with Asbury or any affiliate any confidential or proprietary
         information, knowledge or data that is not in the public domain that
         was obtained by Executive while employed by Asbury with respect to
         Asbury or any affiliate or with respect to any products, improvements,
         customers, methods of distribution, sales, prices, profits, costs,
         contracts, suppliers, business prospects, business methods, techniques,
         research, trade secrets or know-how of Asbury or any affiliate
         (collectively, "Confidential Information"). In the event that
         Executive's employment ends for any reason, Executive will deliver to
         Asbury all documents and data of any nature pertaining to Executive's
         work with Asbury and will not take any documents or data or any
         reproduction, or any documents containing or pertaining to any
         Confidential Information. Executive agrees that in the event of a
         breach by Executive of this provision, Asbury shall be entitled to
         inform all potential or new employers of this provision and obtain
         injunctive relief and damages which may include recovery of amounts
         paid to Executive under this agreement.

4.       NON-SOLICITATION OF EMPLOYEES

         Executive agrees that for a period of one year from Executive's last
         day of employment with Asbury, Executive shall not directly or
         indirectly solicit for employment or employ any person who, at any time
         during the preceding 12 months, is or was employed by Asbury or any
         affiliate or induce or attempt to persuade any employee of Asbury or
         any affiliate to terminate their employment relationship. Executive
         agrees that in the event of a breach by Executive of this provision,
         Asbury shall be entitled to inform all potential or new employers of
         this provision and obtain injunctive relief and damages which may
         include recovery of amounts paid to Executive under this agreement.

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5.       COVENANT NOT TO COMPETE

         While Executive is employed by Asbury, Executive shall not directly or
         indirectly engage in, participate in, represent or be connected with in
         any way, as an officer, director, partner, owner, employee, agent,
         independent contractor, consultant, proprietor or stockholder (except
         for the ownership of a less than 5% stock interest in a publicly-traded
         corporation) or otherwise, any business or activity which competes with
         the business of Asbury or any affiliate unless expressly consented to
         in writing by the Chief Executive Officer of Asbury (collectively,
         "Covenant Not To Compete").

         In the event that Executive's employment ends for any reason, the
         provisions of the Covenant Not To Compete shall remain in effect for
         one year following the date of Termination except that the prohibition
         above on "any business or activity which competes with the business of
         Asbury or any affiliate" shall be limited to Autonation, Sonic, Lithia,
         United Auto Group and other competitive groups of similar size.
         Executive shall disclose in writing to Asbury the name, address and
         type of business conducted by any proposed new employer of Executive if
         requested in writing by Asbury. Executive agrees that in the event of a
         breach by Executive of this Covenant Not To Compete, Asbury shall be
         entitled to inform all potential or new employers of this Covenant and
         to obtain injunctive relief and damages which may include recovery of
         amounts paid to Executive under this agreement.

                               GENERAL PROVISIONS

         A.       EMPLOYMENT IS AT WILL

                  The Executive and Asbury acknowledge and agree that Executive
                  is an "at will" employee, which means that either the
                  Executive or Asbury may terminate the employment relationship
                  at any time, for any reason, with or without cause or notice,
                  and that nothing in this agreement shall be construed as an
                  express or implied contract of employment.

         B.       EXECUTION OF RELEASE

                  As a condition to the receipt of the Severance Pay payments
                  and benefits described in section 1 above, Executive agrees to
                  execute a release of all claims arising out of the Executive's
                  employment or its termination, including but not limited to
                  any claim of discrimination, harassment or wrongful discharge
                  under local, state or federal law.

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         C.       OTHER PROVISIONS

                  This agreement shall be binding upon the heirs, executors,
                  administrators, successors and assigns of Executive and
                  Asbury, including any successor to Asbury.

                  The headings and captions are provided for reference and
                  convenience only and shall not be considered part of this
                  agreement.

                  If any provision of this agreement shall be held invalid or
                  unenforceable, such holding shall not affect any other
                  provisions, and this agreement shall be construed and enforced
                  as if such provisions had not been included.

                  This agreement supersedes any and all agreements between
                  Asbury and Executive relating to payments upon termination of
                  employment or severance pay and may only be modified in
                  writing signed by Asbury and Executive.

                  On the Effective Date, this Agreement shall supersede,
                  terminate and replace any other agreement (whether written or
                  oral) as related to the subject matter contained herein
                  (including, without limitation, the contract dated January 1,
                  2001 between Executive and Asbury) that was entered into prior
                  to the date first written above. Other than the benefits set
                  forth herein, Executive shall not be entitled to any other
                  compensation or benefit in the event of employment
                  termination.

                  This agreement shall be governed by and construed in
                  accordance with the laws of the State of Connecticut.

                  AGREED TO AS OF THE DATE FIRST WRITTEN ABOVE:

                  BY EXECUTIVE                 BY ASBURY AUTOMOTIVE
                                               GROUP L.L.C.

                  /s/ Thomas R. Gibson         /s/ Kenneth Gilman
                  --------------------         -------------------------

                  PRINT NAME:                  PRINT NAME AND TITLE:

                  Thomas R. Gibson             Kenneth Gilman
                  --------------------         -------------------------<PAGE>

                                                                 Exhibit 10.26

                   [LETTERHEAD OF ASBURY AUTOMOTIVE GROUP]

This agreement is entered into as of January 28, 2002 between Asbury Automotive
Group L.L.C. ("Asbury") and John Stamm ("Executive"), a key employee of Asbury,
in order to provide for an agreed-upon compensation in the event that the
Executive's employment is terminated as defined in this agreement.

1.   SEVERANCE PAY ARRANGEMENT

     If a Termination (as defined below) of Executive's employment occurs at any
     time during Executive's employment, Asbury will pay Executive 12 months of
     Executive's base salary as of the date of Termination as Severance Pay.
     Payment (subject to required withholding) will be made by Asbury to
     Executive monthly on the regular payroll dates of Asbury starting with the
     date of Termination.

     If Executive participates in a bonus compensation plan at the date of
     Termination, Severance Pay will also include a portion of the target bonus
     for the year of Termination in an amount equal to the target bonus
     multiplied by the percentage of such year that has expired through the date
     of Termination.

     In addition, Executive shall be entitled for 12 months following the date
     of Termination to continue to participate at the same level of coverage and
     Executive contribution in any health, dental, disability and life insurance
     plans, as may be amended from time to time, in which Executive was
     participating immediately prior to the date of Termination. Such
     participation will terminate 30 days after Executive has obtained other
     employment under which Executive is covered by equal benefits. The
     Executive agrees to notify Asbury promptly upon obtaining such other
     employment. At the option of the executive, COBRA coverage will be
     available, as provided by company policy, at the termination of extended
     benefits as provided in this section.

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2.   DEFINITION OF TERMINATION TRIGGERING SEVERANCE PAY

     A "Termination" triggering the Severance Pay set forth above in Section 1
     is defined as (1) termination of Executive's employment by Asbury for any
     reason, except death, disability, retirement, voluntary resignation or
     "cause", or (2) termination by Executive because of mandatory relocation of
     Executive's current principal place of business to a location more than 50
     miles away, or (3) Asbury's reduction of Executive's base salary, or (4)
     any material diminution of Executive's duties or job title, except in a
     termination for "cause", death, disability, retirement or voluntary
     resignation. The definition of "cause" is: (1) Executive's gross negligence
     or gross misconduct in carrying out Executive's duties resulting in either
     case in material harm to Asbury; or (2) Executive being convicted of a
     felony; or (3) Executive's breach of Sections 3, 4 or 5 below or (4)
     Executive's willful and continued failure to perform substantially the
     executive's duties with the company.

3.   CONFIDENTIAL INFORMATION NONDISCLOSURE PROVISION

     During and after employment with Asbury, Executive agrees not to disclose
     to any person (other to an employee or director of Asbury or any affiliate
     and except as may be required by law) and not to use to compete with Asbury
     or any affiliate any confidential or proprietary information, knowledge or
     data that is not in the public domain that was obtained by Executive while
     employed by Asbury with respect to Asbury or any affiliate or with respect
     to any products, improvements, customers, methods of distribution, sales,
     prices, profits, costs, contracts, suppliers, business prospects, business
     methods, techniques, research, trade secrets or know-how of Asbury or any
     affiliate (collectively, "Confidential Information"). In the event that
     Executive's employment ends for any reason, Executive will deliver to
     Asbury all documents and data of any nature pertaining to Executive's work
     with Asbury and will not take any documents or data or any reproduction, or
     any documents containing or pertaining to any Confidential Information.
     Executive agrees that in the event of a breach by Executive of this
     provision, Asbury shall be entitled to inform all potential or new
     employers of this provision and obtain injunctive relief and damages which
     may include recovery of amounts paid to Executive under this agreement.

4.   NON-SOLICITATION OF EMPLOYEES

     Executive agrees that for a period of one year from Executive's last day of
     employment with Asbury, Executive shall not directly or indirectly solicit
     for employment or employ any person who, at any time during the preceding
     12 months, is or was employed by Asbury or any affiliate or induce or
     attempt to persuade any employee of Asbury or any affiliate to terminate
     their employment relationship. Executive agrees that in the event of a
     breach by Executive of this provision, Asbury shall be entitled to inform
     all potential or new employers of this provision and obtain injunctive
     relief and damages which may include recovery of amounts paid to Executive
     under this agreement.

<PAGE>

5.   COVENANT NOT TO COMPETE

     While Executive is employed by Asbury, Executive shall not directly or
     indirectly engage in, participate in, represent or be connected with in any
     way, as an officer, director, partner, owner, employee, agent, independent
     contractor, consultant, proprietor or stockholder (except for the ownership
     of a less than 5% stock interest in a publicly-traded corporation) or
     otherwise, any business or activity which competes with the business of
     Asbury or any affiliate unless expressly consented to in writing by the
     Chief Executive Officer of Asbury (collectively, "Covenant Not To
     Compete").

     In the event that Executive's employment ends for any reason, the
     provisions of the Covenant Not To Compete shall remain in effect for one
     year following the date of Termination except that the prohibition above on
     "any business or activity which competes with the business of Asbury or any
     affiliate" shall be limited to Autonation, Sonic, Lithia, United Auto Group
     and other competitive groups of similar size. Executive shall disclose in
     writing to Asbury the name, address and type of business conducted by any
     proposed new employer of Executive if requested in writing by Asbury.
     Executive agrees that in the event of a breach by Executive of this
     Covenant Not To Compete, Asbury shall be entitled to inform all potential
     or new employers of this Covenant and to obtain injunctive relief and
     damages which may include recovery of amounts paid to Executive under this
     agreement.

                               GENERAL PROVISIONS

     A.  EMPLOYMENT IS AT WILL

         The Executive and Asbury acknowledge and agree that Executive is an "at
         will" employee, which means that either the Executive or Asbury may
         terminate the employment relationship at any time, for any reason, with
         or without cause or notice, and that nothing in this agreement shall be
         construed as an express or implied contract of employment.

     B.  EXECUTION OF RELEASE

         As a condition to the receipt of the Severance Pay payments and
         benefits described in section 1 above, Executive agrees to execute a
         release of all claims arising out of the Executive's employment or its
         termination including but not limited to any claim of discrimination,
         harassment or wrongful discharge under local, state or federal law.

<PAGE>

     C.  OTHER PROVISIONS

         This agreement shall be binding upon the heirs, executors,
         administrators, successors and assigns of Executive and Asbury,
         including any successor to Asbury.

         The headings and captions are provided for reference and convenience
         only and shall not be considered part of this agreement.

         If any provision of this agreement shall be held invalid or
         unenforceable, such holding shall not affect any other provisions, and
         this agreement shall be construed and enforced as if such provisions
         had not been included.

         This agreement supersedes any and all agreements between Asbury and
         Executive relating to payments upon termination of employment or
         severance pay and may only be modified in writing signed by Asbury and
         Executive.

         This agreement shall be governed by and construed in accordance with
         the laws of the State of Connecticut.

         AGREED TO AS OF THE DATE FIRST WRITTEN ABOVE:

         BY EXECUTIVE                             BY ASBURY AUTOMOTIVE
                                                  GROUP L.L.C.

          /s/ John C. Stamm                        /s/ Kenneth Gilman
         --------------------                     -------------------------

         PRINT NAME:                              PRINT NAME AND TITLE:

          John C. Stamm                            Kenneth Gilman
         --------------------                     -------------------------

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