Document:

ARAMARK 2005 Stock Unit Retirement Plan

 Exhibit 10.2 
  
 ARAMARK 2005 Stock Unit Retirement Plan 
  
 Effective as of January 1, 2005 
  
 Table of Contents 
  

					
	 ARTICLE I.
	 	Definitions and Construction.	  	1
	 ARTICLE II.
	 	Participation.	  	5
	 ARTICLE III.
	 	Employee Salary Deferrals.	  	7
	 ARTICLE IV.
	 	Matching Contributions.	  	8
	 ARTICLE V.
	 	Accounts and Investment Treatment of Deferred Compensation.	  	9
	 ARTICLE VI.
	 	Distribution on Separation from Service.	  	10
	 ARTICLE VII.
	 	Withdrawals During Employment.	  	10
	 ARTICLE VIII.
	 	Breaks in Service.	  	11
	 ARTICLE IX.
	 	Administration.	  	11
	 ARTICLE X.
	 	No Segregation of Assets	  	13
	 ARTICLE XI.
	 	Amendment and Termination.	  	13
	 ARTICLE XII.
	 	Miscellaneous.	  	13

  
 ARTICLE I. Definitions and
Construction. 
  
 1.1 Definitions. Whenever used in this Plan:

  
 Account means any account established for a
Participant as provided in Section 5.1. 
  
 Account
Balance means for each Participant, the total balance standing to the Participant’s Accounts under the Plan at the date of reference. 
  
 Affiliate means, with respect to any Company, (a) any corporation (other than such Company) that is a member of a controlled group of
corporations (within the meaning of Section 414(b) of the Code), of which such Company is a member; (b) any other related corporation designated as an affiliate by the Parent Company; or (c) an organization which is a member of an affiliated service
group of which the Company is a member. 
  
 Age
means age on last birthday. 
  
 Approved Form means
the form or online process provided, in a manner prescribed by the Committee, for a particular purpose. 
  
 ARAMARK means ARAMARK Services, Inc., a Delaware corporation. 
  
 Basic Salary Deferrals means, for each Participant, the deferrals authorized by the Participant in accordance
with Section 3.1(a). 
  
 Break in Service means, for
an Employee or a former Employee, a period of at least twelve consecutive months during which such individual is not an Employee. Employees shall be given credit for periods of employment with the former ARAMARK Corporation prior to the Merger.

 Change in Control means the occurrence of any of the following events: 
  
 (a) any “person” or “group” (within the meaning of the
Securities Exchange Act of 1934, as amended) (other than (i) a person holding securities representing 10% or more of the combined voting power of the Parent Company’s outstanding securities as of the date that the Parent Company completed the
initial public offering of its class B common stock (a “Pre-Existing Shareholder”) or a transferee of a Pre-Existing Shareholder receiving securities of the Company by reason of death of the Pre-Existing Shareholder pursuant to the terms
of a will or trust or through intestacy, (ii) the Parent Company, any trustee or other fiduciary holding securities under an employee benefit plan of the Parent Company, or (iii) any company owned, directly or indirectly, by the shareholders of the
Parent Company in substantially the same proportions as their ownership of shares of the Parent Company), becomes the beneficial owner (as defined in Rule 13d-3 of the Securities Exchange Act of 1934, as amended), directly or indirectly, of
securities of the Parent Company, representing (I) 20% or more of the combined voting power of the Parent Company’s then-outstanding securities and (II) more of the combined voting power of the Parent Company’s then-outstanding securities
than the Pre-Existing Shareholders in the aggregate; 
  
 (b)
during any period of twenty-four consecutive months (not including any period prior to the date that the Parent Company completes an initial public offering of its class B common stock), individuals who at the beginning of such period constitute its
board of directors, and any new director (other than a director nominated by any person (other than the Parent Company) who publicly announces an intention to take or to consider taking actions (including, but not limited to, an actual or threatened
proxy contest) which if consummated would constitute a Change in Control under (a), (c) or (d) of this definition whose election by the board or nomination for election by the Parent Company’s shareholders was approved by a vote of at least
two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute at least a majority thereof;

  
 (c) the consummation of any transaction or series of
transactions resulting in a merger or consolidation in which the Parent Company is involved, other than a merger or consolidation which would result in the shareholders of the Parent Company immediately prior thereto continuing to own (either by
remaining outstanding or by being converted into voting securities of the surviving entity), in the same proportion as immediately prior to the transaction(s), more than 50% of the combined voting power of the voting securities of the Parent Company
or such surviving entity outstanding immediately after such merger or consolidation; 
  
 (d) the complete liquidation of the Parent Company or the sale or disposition by the Parent Company of all or substantially all of the Parent Company’s assets; or 
  
 (e) any other transaction so denominated by the board of directors of the
Parent Company. 
  
 Code means the Internal Revenue
Code of 1986, as amended from time to time. 
  
 Committee means the Committee described in Section 9.2. 
  
 Company means, each with respect to its own employees, ARAMARK and such subsidiary or affiliated companies as may from time to time participate in the Plan by authorization of the Parent Company.

  
 Compensation means, for any Eligible Employee
for any Plan Year, such Eligible Employee’s annual base salary and sales commissions (including amounts allocable to paid time off for vacations, holidays, sick leave, and salary deferrals under the ARAMARK 2001 Deferred Compensation Plan and
excluding overtime, shift differentials, commissions other than sales commissions, pay allowances, deferred compensation, bonuses and related benefits) earned from the Company and paid to the Employee, computed before reduction by Salary Deferrals
under Section 3.1 of this Plan. 
  
 Covered Employee
means an Employee employed by the Company or an Affiliate on a salaried basis who is not (a) an employee employed by a joint venture in which the Company is a joint venturer, or (b) a person in a position designated by the Company or Affiliate as a
“Consultant.” An Employee who is neither a United States citizen nor a United States resident shall not become a Covered Employee. 
  

 2 

 Deferred Stock Unit or DSU means the right to receive one whole
share of Employer Common Stock for each whole Deferred Stock Unit, and cash for fractional Deferred Stock Units, in a Participant’s account, subject to conditions described in Section 5.7 herein. The stated value of a Deferred Stock Unit is the
Fair Market Value of a share of Employer Common Stock. Deferred Stock Units issued under the Plan will be issued pursuant to the Company’s 2001 Equity Incentive Plan. 
  
 Early Retirement means, for any Employee, (a) attainment of Age 60 and completion of five or more Years of
Service, or (b) incurrence of a total and permanent disability. 
  
 Effective Date means January 1, 2005. 
  
 Eligible Employee means a Covered Employee who is eligible to make contributions under the Plan as provided in Article II. 
  
 Employee means any person employed by the Company or an Affiliate. 
  
 Employer Common Stock means the Class B Common Stock, $.01 par value per share, of the Parent Company.

  
 Employment Date means, for each Employee, the
first day on which the Employee completes an hour for which the Employee is paid or entitled to payment, direct or indirect, from the Company or Affiliate (or the former ARAMARK Corporation or one of its Affiliates, if the Employee was employed by
ARAMARK Corporation or one of its Affiliates prior to the Merger), for the performance of duties. If an Employee’s Years of Service are canceled under Section 8.3 and cannot be restored (because the Employee cannot satisfy the requirement of
Section 8.3(b)), the Employee’s Employment Date shall be the first day thereafter on which the Employee completes such an hour. 
  
 Fair Market Value means, on a given date, (i) if there should be a public market for the relevant shares on such date, the closing price of
such shares as reported on such date on the composite tape of the principal national securities exchange on which such shares are listed or admitted to trading, or, if such shares are not listed or admitted on any national securities exchange, the
closing price on such date as quoted on the National Association of Securities Dealers Automated Quotation System (or such market in which such price is regularly quoted) (the “NASDAQ”), or, if no sale of such shares shall have been
reported on the composite tape of any national securities exchange or quoted on the NASDAQ on such date, then the immediately preceding date on which sales of such shares have been so reported or quoted shall be used and (ii) if there should not be
a public market for the shares on such date, the Fair Market Value shall be the value established by the Committee in good faith. 
  
 Fiscal Year means the fiscal year of ARAMARK. 
  
 Key Employee means any individual specifically approved for participation in this Plan in accordance with the Rules and who is a management
or highly compensated employee. 
  
 Matching Contributions
Account means, for each Participant, the Account established under Section 5.3 to credit the Company’s contributions under Section 4.1. 
  
 Merger means the merger of the former ARAMARK Corporation into ARAMARK Worldwide Corporation (which then changed its name to ARAMARK
Corporation) which occurred on December 14, 2001. 
  
 Normal
Retirement means, for any Employee, attainment of Age 65. 
  

 3 

 Parent Company means ARAMARK Corporation, a Delaware corporation. 
  
 Participant means an Employee or former Employee who has an
Account Balance under the Plan. 
  
 Period of
Service means, for any Employee, the elapsed time between the Employee’s Employment Date and the date of reference, inclusive, disregarding any Break in Service or any period during which such individual is not an Employee to the extent
such period falls within a period of at least twelve consecutive months in which the Employee has a Separation from Service by reason of resignation, discharge, or retirement and completes no hours for which the Employee is paid or entitled to
payment, direct or indirect, for the performance of duties. Where any portion of an Employee’s Period of Service is to be disregarded in determining Years of Service so that non-successive periods must be aggregated, less than whole year
periods shall be aggregated on the basis that 365 days equal a whole year. Employees shall be given credit for periods of employment with the former ARAMARK Corporation or one of its Affiliates prior to the Merger. 
  
 Period of Severance means, for any former Employee, the elapsed
time between the former Employee’s Separation from Service and the date the former Employee again becomes an Employee. 
  
 Plan means the ARAMARK 2005 Stock Unit Retirement Plan as set forth herein. 
  
 Plan Administrative Committee means the Committee described in Article IX which is charged with the
responsibilities of administering the Plan in accordance with the Rules. As of the Effective Date, the Corporate Governance and Human Resources Committee shall be the Plan Administrative Committee. 
  
 Plan Year means the period from the Effective Date through
September 30, 2005 (the “Initial Plan Year”), and each twelve-consecutive-month period thereafter ending on September 30. 
  
 Prior Plan means the Amended and Restated ARAMARK 2001 Stock Unit Retirement Plan. 
  
 Qualified Retirement Plan means any retirement plan maintained
by the Company that is qualified under Code Section 401(a). 
  
 Retirement Savings Plan means the ARAMARK Retirement Savings Plan for Salaried Employees, a Qualified Retirement Plan under which contributions are made pursuant to Code Section 401(k). 
  
 Rules means the rules adopted by the Plan Administrative
Committee relating to the administration of the Plan. 
  
 Salary Deferral Account means, for each Participant, the Account established for crediting the portion of the Participant’s Account Balance attributable to Salary Deferrals as provided in Section 5.1. 
  
 Salary Deferral Percentage(s) means the percentage(s) of a
Participant’s Compensation that the Participant elects to defer under Section 3.1(a) and/or 3.1(b). 
  
 Salary Deferrals means, for each Participant, the deferrals authorized by the Participant as provided in Section 3.1(a) and/or 3.1(b).

  
 Separation from Service means termination of an
Employee’s status as an Employee (which for these purposes also shall relate to the Employee’s status as an employee of the former ARAMARK Corporation or one of its Affiliates prior to the Merger), measured from the earlier of (a) the date
the Employee terminates employment, or (b) the first anniversary of the first day of absence for any other reason. In the case of an Employee who is absent from work for maternity or paternity reasons, the twelve-consecutive month period beginning
on the first anniversary of the first date of such absence shall not constitute a Break in Service. For purposes of this paragraph, an absence from work for maternity or paternity reasons means an absence due to pregnancy of the Employee; a birth of
a child to the Employee; placement of a child with the Employee in connection with the adoption of such child by the Employee; or care for such child for the period beginning immediately following birth or placement. 
  

 4 

 Sharing Participant means, for any Plan Year, a person who is an Eligible Employee on the
last day of the Plan Year (or is absent for reasons not constituting a Separation from Service); or who has died during the Plan Year while an Eligible Employee of the Company; or who has retired on account of Early or Normal Retirement; or who was
an Eligible Employee during the Plan Year and who is an Employee (other than an Eligible Employee) on the last day of the Plan Year, provided, however, that such Employee’s Compensation shall be determined by reference to the Employee’s
Compensation paid during the Employee’s service as an Eligible Employee. The term Sharing Participant shall not include any Employee who has not yet completed one Year of Service. 
  
 Specified Participant means a Participant who is a key employee (as defined in Section 416(i) of the Code
without regard to paragraph (5) thereof). 
  
 Supplemental
Salary Deferrals means, for each Participant, the deferrals authorized by the Participant as provided in Section 3.1(b). 
  
 Unforeseeable Emergency means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the
Participant’s spouse or a dependent (as defined in Section 152(a) of the Code) of the Participant, loss of the Participant’s property due to casualty or other similar extraordinary and unforeseeable circumstances arising as a result of
events beyond the control of the Participant. 
  
 Year of
Participation means, for any Employee, twelve consecutive months during which the Employee is a participant under this Plan, the Prior Plan or the ARAMARK Corporation Stock Unit Retirement Plan, or any twelve consecutive month period during
which the Employee participated in any Qualified Retirement Plan. 
  
 Year of Service refers to a credit used to determine whether a Participant is eligible for a Company contribution or has sufficient service to have a nonforfeitable interest in the Participant’s Account Balance
attributable to the Participant’s Matching Contributions Account. Each Employee shall be credited with a number of Years of Service equal to the length of the Participant’s Period of Service, except that the following shall be disregarded:

  

	 	(a)	any Break in Service (including any period immediately following a Separation from Service which has lasted less than twelve months as of the date of reference but ultimately does
last at least twelve months); and 

  

	 	(b)	any period for which the Employee’s Years of Service are canceled under Section 8.3 and are not restored under that Section. 

  
 1.2 Gender. The masculine gender shall include the feminine. 
  
 1.3 Notices. Any notice or filing to be made with the Committee or any
Company shall be made in accordance with the Rules. 
  
 ARTICLE II.
Participation. 
  
 2.1 Eligible Employees. Each
Covered Employee who was eligible to participate in the Prior Plan immediately prior to the Effective Date also shall be eligible to participate in this Plan as of the Effective Date. Each other Covered Employee who satisfies the following
requirements shall be eligible to participate in the Plan as of the date the Covered Employee first satisfies such requirements: 
  

	 	(a)	the Employee is identified as a Key Employee, and 

  

 5 

	 	(b)	the Employee is in active employment. 

  
 Commencing on October 1, 2005, Covered Employees who satisfy the foregoing requirements shall be eligible to participate in the Plan on the first day of the month
following one full calendar month during which the Covered Employee meets the requirements. 
  
 2.2 Participation. Participation in the Plan by an Eligible Employee is entirely voluntary and is subject to the following rules: 
  

	 	(a)	Participation on Effective Date of Employees who Participated in Prior Plan. Each Employee who becomes eligible to participate in the Plan as of the Effective Date as a
result of such Employee’s participation in the Prior Plan, as described in Section 2.1 above, shall be deemed to have elected to participate in this Plan as of the Effective Date, and such Employee’s elections under the Prior Plan,
including any Salary Deferral elections and beneficiary designations, as in effect immediately prior to the Effective Date, shall continue to apply under this Plan until changed by the Participant in accordance with the provisions of this Plan. Any
other Eligible Employee that did not participate as of the Effective Date may elect to participate at a later date, in accordance with the provisions of this Plan, by completing and submitting an Approved Form, provided such individual is an
Eligible Employee at such later date. 

  

	 	(b)	Participation on or after Effective Date of Newly-Eligible Employees. Any Employee who first becomes eligible to participate in the Plan on or after the Effective Date may
elect to participate at any time prior to the 30th day after the Employee completes the eligibility requirements of Section 2.1; provided, such Employee is an Eligible Employee at the time the Employee elects to participate.

  

	 	(c)	Participation on or after Effective Date of all Other Employees. Each Eligible Employee that does not become a Participant under Section 2.2(a) or (b) may elect to become a
Participant as of the first day of any succeeding calendar year by electing to make deferrals as set forth in Article III. 

  

	 	(d)	Effective Date of Participation. The effective date of an Employee’s participation in the Plan shall be the first day of the payroll period immediately following the
date an Eligible Employee files notice with the Plan Administrative Committee pursuant to Section 2.2(a), (b) or (c) above. 

  

	 	(e)	Continuation of Participation. If an Employee who becomes a participant of this Plan ceases to be a Key Employee, the Employee’s eligibility for continued participation
in this Plan shall be subject to the Rules. 

  

	 	(f)	No Duplication of Participation. Notwithstanding the foregoing provisions of this Article, any Employee who is eligible to participate in a Qualified Retirement Plan shall
not be eligible to participate in this Plan for the same period. 

  

	 	(g)	Exceptions to Participation Requirements. The Plan Administrative Committee, acting in accordance with the Rules, may waive the eligibility requirements of Section 2.1 with
respect to any individuals the Committee specifically designates. 

  
 2.3 Beneficiary Designation. Each Participant shall designate the beneficiary or beneficiaries who shall receive the death benefit, if any, payable under Section 6.2. Such designation shall be made by filing an Approved Form
for that purpose in accordance with the Rules. A Participant who previously had participated in the Prior Plan shall be deemed to have designated the beneficiary or beneficiaries of the Prior Plan as his or her beneficiary under this Plan unless and
until such Participant shall have made a subsequent designation of a beneficiary. A Participant may also revoke or change a beneficiary designation at any time by filing an Approved Form in accordance with the Rules. If a Participant fails to elect
a beneficiary, or is not survived by a designated beneficiary, the Participant’s beneficiary shall be the Participant’s estate. 
  

 6 

 ARTICLE III. Employee Salary Deferrals. 
  
 3.1 Salary Deferrals. 
  

	 	(a)	Salary Deferrals. Under an election procedure established by the Committee, each Eligible Employee who is participating in the Plan may direct the Company to defer a
percentage of the Eligible Employee’s Compensation. The amount of the Salary Deferrals under this Section for an Eligible Employee shall be at least 1% of the Eligible Employee’s Compensation for the period to which the election applies,
and may, in multiples of 1%, be up to 25% (or such higher percentage as the Parent Company may select from time to time) of the Eligible Employee’s Compensation. 

  

	 	(b)	Notice to Plan Administrative Committee. An Eligible Employee who wishes to defer Compensation under this Section for any period shall, in the manner specified in the Rules, so
notify the Plan Administrative Committee and authorize the Committee to reduce the Eligible Employee’s Compensation for such period by the amount of the Eligible Employee’s Salary Deferral Percentage election provided, however, that except
as provided in Section 2.2(a) such Eligible Employee’s election to defer such Compensation must be made not later than the close of the preceding calendar year, unless the Eligible Employee first becomes a participant pursuant to Section
2.2(b), in which case such Eligible Employee must make an election to defer any as yet unearned Compensation at any time prior to the 30th day after the date such Eligible Employee becomes eligible to participate in the Plan.

  
 3.2 Change in Contributions. For calendar years
prior to January 1, 2006, a Participant may stop or decrease the Participant’s Salary Deferral Percentage(s) subject to the maximums permitted under Section 3.1, by filing an Approved Form in accordance with Rules adopted by the Plan
Administrative Committee. For calendar years prior to January 1, 2006, a Participant may stop the Participant’s Salary Deferrals at any time during the calendar year by filing with the Committee a written notice authorizing the Committee to
stop such deferrals; provided that the Participant shall not be permitted to increase or resume Salary Deferrals with respect to that calendar year, but may resume Salary Deferrals with respect to a subsequent calendar year by timely filing an
appropriate notice with the Committee. For the avoidance of doubt, for calendar years beginning on or after January 1, 2006, a Participant will not be permitted to stop, increase, decrease or resume the Participant’s Salary Deferral
Percentage(s) during the calendar year, unless the Participant has incurred a Separation from Service or the Participant is no longer eligible to participate in the Plan, in which case the Participant’s Salary Deferrals will immediately cease.

  
 ARTICLE IV. Matching Contributions. 
  
 4.1 Amount of Contributions. Except as provided under Section 4.3, as soon as
administratively practicable after the end of each Plan Year, the Parent Company may grant to the Plan for allocation to Matching Contributions Accounts of Sharing Participants a number of DSUs equal in stated value (determined based on the Fair
Market Value of the Employer Common Stock), on the date determined by the Parent Company, to a minimum of 25% and a maximum of 75% of such Sharing Participants’ Salary Deferrals for such Plan Year, excluding: 
  

	 	•	 	Salary Deferrals made by the Sharing Participant prior to such Sharing Participant’s completion of one Year of Service; 

  

 7 

	 	•	 	Salary Deferrals in excess of the first 6% of a Participant’s Compensation for any payroll period; and 

  

	 	•	 	Salary Deferrals in excess of the maximum elective deferrals permitted under a qualified cash or deferred plan pursuant to Section 401(g) of the Code for the calendar year in which
the Plan Year ends. 

  
 The percentage of Salary
Deferrals on which the stated value of any Plan Year’s grant of DSU’s is to be based shall be the matching percentage contributed by the Parent Company to the Retirement Savings Plan for the same Fiscal Year. 
  
 4.2 Allocations to Participants. The DSU’s granted with respect to a Plan
Year shall be allocated only to the Matching Contributions Account of each Participant who is a Sharing Participant for the Plan Year based upon the Participant’s Salary Deferral for such Plan Year. Fractional DSU’s may be allocated.

  
 4.3 Allocations to Account of Retired and Deceased Participants.
Notwithstanding the provisions of Sections 4.1 and 4.2, in the case of a Sharing Participant whose employment terminates during a Plan Year by reason of death or retirement (on or after Early or Normal Retirement Date), the final Company
contribution for such Participant for the Plan Year during which the termination occurs shall be allocated to such Sharing Participant’s Matching Contributions Account in the form of dollars in lieu of DSU’s. 
  
 4.4 Changes in Capital and Corporate Structure. In the event of any change in
the outstanding shares of Employer Common Stock by reason of merger, recapitalization, reclassification, reorganization, stock split, reverse stock split, combination of shares, stock dividend or similar transaction, the Committee or the Board of
Directors of the Company shall adjust, in an equitable manner, the number of DSU’s held in Matching Contributions Accounts under the Plan or otherwise equitably adjust the balances in the accounts so that the effect is substantially similar to
that if the DSU’s were outstanding shares immediately prior to such transaction. 
  
 4.5 Dividends. If on any date while DSUs are outstanding under this Plan the Company shall pay any dividend on Employer Common Stock (other than a dividend payable in Employer Common Stock), the number of DSUs credited
to the Participant’s Matching Contributions Account shall, as of such dividend payment date, be increased by a number of DSUs equal to: (a) the product of (x) the number of DSUs in the Participant’s Matching Contributions Account as of the
related dividend record date, multiplied by (y) the per share amount of any cash dividend (or, in the case of any dividend payable in whole or in part other than in cash, the per share value of such dividend, as determined in good faith by the
Committee), divided by (b) the Fair Market Value of Employer Common Stock on the payment date of such dividend. In the case of any dividend declared on Employer Common Stock that is payable in the form of Employer Common Stock, the number of DSUs
credited to the Participant’s Matching Contributions Account shall be increased by a number equal to the product of (I) the aggregate number of DSUs in the Participant’s Matching Contributions Account through the related dividend record
date, multiplied by (II) the number of shares of Employer Common Stock (including any fraction thereof) payable as a dividend on a share of Employer Common Stock. 
  
 ARTICLE V. Accounts and Investment Treatment of Deferred Compensation. 
  
 5.1 Credits to Participants’ Accounts. Accounts shall be established for
each Participant. Each Participant’s Salary Deferrals shall be credited to the Participant’s Salary Deferral Account and each Participant’s allocated DSU grants shall be credited to the Participant’s Matching Contributions
Account. 
  
 5.2 Interest Credited to Salary Deferrals. Amounts
deferred by a Participant in accordance with the Participant’s Salary Deferral election shall accrue interest in the manner specified by the Committee in accordance with the Rules. 
  

 8 

 5.3 Investment of Parent Company Matching Contributions. Except as provided under Section 4.3, the Parent
Company’s matching contributions under Section 4.1 shall be made in the form of Deferred Stock Units. 
  
 5.4 Valuation of Salary Deferral Accounts. As of the last day of each month or such shorter period as is specified by the Plan Administrative Committee in accordance with the Rules, all interest accrued
during that period shall be credited to the Salary Deferral Accounts of Participants. 
  
 5.5 Valuation of Matching Contributions Accounts. The stated value of a Participant’s Matching Contributions Account may be determined at any time by multiplying the number of DSU’s allocated to the
Participant’s Matching Contributions Account by the Fair Market Value of a share of Employer Common Stock plus amounts, if any, allocated to such account under Section 4.3. 
  
 5.6 Effect of Distributions or Withdrawals. If a distribution or withdrawal is made, the payment determination date shall be
the last day of the month (or such shorter period as is specified by the Plan Administrative Committee in accordance with the Rules) in which the distribution is due or the withdrawal is requested. The Participant’s appropriate Account or
Accounts shall be reduced by the amount distributed or withdrawn. Subject to Section 6.5, a distribution or withdrawal shall be paid as soon as reasonably practicable after the payment determination date. The amount due any Participant with respect
to the Participant’s Salary Deferral Account shall be determined by the valuations under Section 5.4. Subject to the provisions of Article VI the payment due a Participant from the Participant’s Matching Contributions Account shall be the
number of whole shares of Employer Common Stock issued in respect of the whole number of DSU’s (1) allocated to the Participant’s Matching Contributions Account as of the payment determination date or (2) subsequently allocated to the
Participant’s Matching Contributions Account in respect of a Plan Year. Fractional DSU’s remaining in a Participant’s Matching Contributions Account at time of distribution shall be converted to cash at the most recent Fair Market
Value of a share of Employer Common Stock and subsequently paid to the Participant in cash. 
  
 5.7 Distributions from Matching Contributions Accounts. Each whole DSU shall result in the distribution of one uncertificated share of Employer Common Stock at the time of distribution or withdrawal in
accordance with Section 5.6. Parent Company shall reserve for issuance the number of shares of Employer Common Stock necessary to allow for issuance of Employer Common Stock pursuant to the DSU’s outstanding. Parent Company is under no
obligation to issue Employer Common Stock unless the Committee is satisfied that such issuance will be in compliance with all requirements of federal and state securities laws. 
  
 If a Participant’s DSU’s are not able to be paid in the form of Employer Common Stock because of potential violation of federal
and/or state securities laws, Parent Company shall make such payment in respect of such Participant’s DSU’s at the time such payment may be made without being a violation of any such laws. 
  
 ARTICLE VI. Distribution on Separation from Service. 
  
 6.1 Termination of Employment on Account of Retirement, After Completion of Two Years
of Participation or Three Years of Service, or Following a Change in Control. A Participant’s entire Account Balance may be payable to the Participant, in accordance with Section 6.5, following a Separation from Service but only if such
Separation from Service: (a) is on account of Early or Normal Retirement, (b) except as provided in Section 6.4 below, occurs after the Participant has completed two or more Years of Participation or has been credited with three or more Years of
Service, or (c) occurs on or after, or results in a distribution on or after, a Change in Control.  
  
 6.2 Death. Upon the death of a Participant at any time, the Participant’s entire Account Balance shall be payable, in accordance with Section 6.5, to the beneficiary designated or otherwise
applicable pursuant to Section 2.3. 
  

 9 

 6.3 Termination of Employment Prior to Completing Two Years of Participation or Three Years of Service and Prior to
a Change in Control. Except as provided in Section 6.1 or Section 6.2, a Participant who ceases to be an Employee before completing two Years of Participation or before receiving credit for three or more Years of Service shall be paid the
Participant’s entire Account Balance other than the Participant’s Matching Contributions Account, which shall be forfeited, in accordance with Section 6.5. 
  
 6.4 Separation from Service for Cause. A Participant who ceases to be an Employee receiving credit for three or more Years of
Service and whose Separation from Service is on account of “cause,” i.e., commission of a crime or other conduct which directly and adversely affects the Company, or disclosure of confidential information, or other aid and assistance to a
competitor of the Company, shall be paid the Participant’s entire Account Balance other than the Participant’s Matching Contributions Account, which shall be forfeited, in accordance with Section 6.5. The determination of cause under this
Section shall be made by the Committee, and shall be final and binding on all parties. This Section 6.4 shall have no effect following a Change in Control. 
  
 6.5 Method of Payment. Payment of Accounts upon a distribution or withdrawal shall be made in accordance with Section 5.6. The Participant or the
Participant’s beneficiary shall receive distribution of the Participant’s Salary Deferral Account, in a lump sum cash payment, and the Participant or the Participant’s beneficiary shall receive distribution of the Participant’s
Matching Contributions Account in the form of whole, uncertificated shares of Employer Common Stock and cash in exchange for any fractional DSU’s allocated to such Account, or any amounts allocated under Section 4.3. Distribution of a
Participant’s Accounts may also be made in a lump sum cash payment or in installments pursuant to a valid election made by the Participant in accordance with Section 9.2 and the Rules. Notwithstanding anything in the Plan to the contrary,
distributions to Specified Participants following December 31, 2005, may not be made before the date that is six (6) months after such Specified Participant’s Separation from Service. 
  
 ARTICLE VII. Withdrawals During Employment. 
  
 7.1 Withdrawal of Salary Deferral Account. A Participant may withdraw during
the Participant’s employment, subject to Section 7.3 or 7.4, as applicable, the Participant’s Salary Deferral Account by filing a written notice with the Plan Administrative Committee. 
  
 7.2 Withdrawal of Matching Contributions Account. A Participant is not
permitted to withdraw any amounts from the Participant’s Matching Contributions Account while still an Employee. 
  
 7.3 Special Rules Applicable to Withdrawals Prior to Termination of Employment Prior to January 1, 2006. Prior to termination of employment and prior to
January 1, 2006, a Participant may make withdrawals from the Participant’s Salary Deferral Account if approved by the Plan Administrative Committee in its sole discretion. The Participant shall certify in writing to the Plan Administrative
Committee that the purpose of the withdrawal is to meet an immediate and heavy financial need upon the Participant which need cannot be met from other resources reasonably available to the Participant, and shall provide such documentation to that
effect as may be requested by the Plan Administrative Committee to assist it in its determination. 
  
 7.4 Special Rules Applicable to Withdrawals Prior to Termination of Employment after December 31, 2005. Prior to termination of employment and after December 31, 2005, a Participant may make withdrawals
from the Participant’s Salary Deferral Account solely due to the occurrence of an Unforeseeable Emergency if approved by the Plan Administrative Committee in its sole discretion. The Participant shall certify in writing to the Plan
Administrative Committee that the purpose of the withdrawal is due to an Unforeseeable Emergency and shall provide such documentation to that effect as may be requested by the Plan Administrative Committee to assist it in its determination. The
amounts distributed due to an Unforeseeable Emergency cannot exceed the amounts necessary to satisfy such emergency 
  

 10 

 plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the
extent to which such emergency is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself cause severe
financial hardship). 
  
 ARTICLE VIII. Breaks in Service.

  
 8.1 Cancellation of Years of Service. An Employee’s
Years of Service and Years of Participation shall be canceled for purposes of computing the Employee’s nonforfeitable interest in the Employee’s Account Balance under Articles VI and VII if the Employee has a Separation from Service before
the Employee has met the requirements for Early or Normal Retirement, and before the Employee is credited with two Years of Participation, or three Years of Service. If a former Employee again becomes an Employee the Employee’s Years of Service
and Years of Participation shall be restored if the Employee becomes an Employee before incurring five consecutive Breaks in Service, or if the Employee was at any time a Participant in the Plan, and 
  

	 	(a)	the Employee is credited with a Year of Service after the Employee’s prior Years of Service were canceled; and 

  

	 	(b)	the Employee had to the Employee’s credit when the Employee’s Years of Service were canceled a Period of Service longer than the Employee’s longest Period of
Severance that follows the date the Employee’s Years of Service were canceled. 

  
 ARTICLE IX. Administration. 
  
 9.1 Overall Responsibility. Parent Company, acting by resolution of its Board of Directors or of a duly authorized Committee, shall have overall responsibility and authority for the Plan including control and management of the
Accounts of the Plan, design of the Plan, the right to amend the Plan, the exercise of all administrative functions provided in the Plan or necessary to the operation of the Plan, except such functions as are assigned to other persons pursuant to
the Plan. 
  
 9.2 Committee. 
  

	 	(a)	Appointment and Tenure. Parent Company shall appoint a Plan Administrative Committee, which shall consist of not less than three members, each of whom (1) shall be a member
of the Board of Directors of the Parent Company, and (2) shall be a non-employee director (within the meaning of Section (c) (2) of SEC Rule 16b-3, or any successor provision). The Committee shall hold office during the pleasure of the Board of
Directors of Parent Company, and such Board of Directors shall fill all vacancies on the Committee. As of the Effective Date, the Corporate Governance and Human Resources Committee of the Board of Directors shall serve as the Plan Administrative
Committee. 

  

	 	(b)	Administrator of the Plan. The Plan Administrative Committee shall be sole administrator of the Plan and as such have sole responsibility and authority to control the
operation and administration of the Plan, including, without limiting the generality of the foregoing, (i) determination of benefit eligibility and amount and certification thereof, (ii) issuance of directions to pay any fees, taxes, charges, or
other costs incidental to the operation and management by the administrator of the Plan; (iii) issuance of directions as to the cash needs of the Plan; (iv) the preparation and filing of all reports required to be filed with any agency of the
government; (v) compliance with all disclosure requirements imposed by law; (vi) maintenance of all books of account, records and other data as may be necessary for proper administration of the Plan, (vii) approval of the amount of employer
contribution referred to in Section 4.1, provided, however, that the Plan Administrative Committee may delegate to other persons such of its functions (other than (vii) above) as it deems appropriate. 

  

 11 

	 	(c)	Rules of Administration. The Plan Administrative Committee shall adopt such Rules and regulations for administration of the Plan as it considers desirable, provided they do
not conflict with the Plan, and may construe the Plan, correct defects, supply omissions and reconcile inconsistencies to the extent necessary to effectuate the Plan and such action shall be conclusive. 

  

	 	(d)	Claims Procedure. The Committee shall adopt a written procedure whereunder a Participant or beneficiary shall appeal any denial of benefits claimed to be due such Participant
or beneficiary. 

  

	 	(e)	Compensation and Expenses. The members of the Committee shall serve without compensation for services as such, but all normal and reasonable expenses of the Committee shall
be paid by ARAMARK. 

  

	 	(f)	Reliance on Reports and Certificate. The Committee will be entitled to rely conclusively upon all tables, valuations, certificates, opinions and reports which will be
furnished by any accountant, controller, counsel, or other person who is employed or engaged for such purposes. 

  

	 	(g)	Liability and Responsibility of Committee. The members of the Committee shall be fully protected in respect to any action taken or suffered by them in good faith in reliance
upon the advice of its advisors. To the extent permitted by law, the Company shall indemnify members of the Committee against any liability or loss sustained by reason of any act or failure to act in such capacity as Committee members, if such act
or failure to act does not involve willful misconduct. Such indemnification includes attorneys’ fees and other costs and expenses reasonably incurred in defense of any action brought against such members by reason of any such act or failure to
act. No bond or other security shall be required of any member of the Committee. 

  

	 	(h)	Elections to Extend Deferrals After a Separation from Service. In addition to the other powers and authority granted under this Section 9.2, the Plan Administrative Committee shall
be specifically authorized to adopt Rules to allow Participants to elect to defer those distributions, that would otherwise be payable upon a Separation from Service pursuant to Section 6.1, to a time or times after the Separation from Service. Such
Rules may specify the manner in which any such election may be made, and for example may provide, among other things, that any such election must be made in writing prior to such Separation from Service, on the forms established by the Plan
Administrative Committee, and that once made any such election is irrevocable. Notwithstanding anything herein to the contrary, any election to defer distributions hereunder shall not take effect until at least twelve (12) months following the date
on which such election is made and the first payment with respect to which such election is made must be deferred for a period of not less than five (5) years from the date such payment would otherwise have been made. 

  
 9.3 Services of the Plan. Parent Company and the Committee may contract for
legal, investment advisory, medical, accounting, clerical, and other services to carry out the Plan. The costs of such services shall be paid by ARAMARK. 
  
 9.4 Liability for Administration. Neither the Committee, the Company, Parent Company, nor any of its directors, officers, or employees shall be liable for
any loss due to its error or omission in administration of the Plan unless the loss is due to the gross negligence or willful misconduct of the party to be charged. 
  

 12 

 ARTICLE X. No Segregation of Assets 
  
 The Plan shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating
assets of the Company, or any Affiliate, for payment of any benefits hereunder. No Participant or other person shall have any interest in any particular assets of the Company by reason of the right to receive a benefit under the Plan and any such
Participant or other person shall have only the rights of a general unsecured creditor of ARAMARK with respect to any rights under the Plan. 
  
 ARTICLE XI. Amendment and Termination. 
  
 11.1 Amendment or Termination of Plan. The Board of Directors of the Parent Company may amend or terminate the Plan at any time. Notwithstanding the
foregoing, effective upon a Change in Control, no amendment or termination of the Plan shall modify, without the consent of the affected Participants, any provision relating to amounts contributed or deferred under the Plan on or prior to the Change
in Control. 
  
 11.2 Sale of Affiliate. In the event that a
Participant in this Plan ceases to be an Employee by reason of the sale or spin-off of an Affiliate that constitutes a change in the ownership or effective control of, or in the ownership of a substantial portion of the assets of, such Affiliate
under Code Section 409A(a)(2)(A)(v), such Participant shall be treated as a terminated employee and distribution of the Participant’s Account Balance under this Plan shall be made in accordance with Article VI. 
  
 ARTICLE XII. Miscellaneous. 
  
 12.1 No Assignment or Alienation of Benefits. Except as hereinafter provided
with respect to domestic relations orders (as defined in Section 414(p)(1)(B) of the Code), a Participant’s Account may not be voluntarily or involuntarily assigned or alienated. In cases of domestic relations orders, the Company will observe
the terms of the Plan unless or until ordered to do otherwise by a state or Federal court. As a condition of participation, a Participant agrees to hold the Company harmless from any claims that arise out of the Company’s obeying the final
order of any state or Federal court, whether such order effects a judgment of such court or is issued to enforce a judgment or order of another court. In addition, for application only to Plan Participants subject to Section 16 of the Securities
Exchange Act of 1934, the requirements of SEC Rule 16a-12 (or any successor provision) are specifically incorporated herein by reference. 
  
 12.2 Effect on Employment. This Plan shall not confer upon any person any right to be continued in the employment of the Company or an Affiliate.

  
 12.3 Facility of Payment. If ARAMARK deems any person incapable
of receiving benefits to which such person is entitled by reason of age of minority, illness, infirmity, or other incapacity, it may direct that payment be made directly for the benefit of such person or to any person selected by ARAMARK to disburse
it, whose receipt shall be a complete acquittance therefore. Such payments shall, to the extent thereof, discharge all liability of ARAMARK, the Company, and the party making the payment. 
  
 12.4 Tax Withholding. Distributions from the Plan may be subject to tax withholding for Federal, state, and local taxes.
Participant, by agreeing to participate in the Plan, consents to the timely withholding of such taxes, either through a reduction in the amount of the distribution, withholding from other amounts payable by Company to Participant, including salary
and bonus payments, or by payment to ARAMARK in cash of an appropriate amount in taxes. 
  
 12.5 Applicable Law. Except as provided by Federal law, the Plan shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, except for provisions relating to Employer Common Stock,
which shall be governed by and construed in accordance with the laws of the State of Delaware. 
  

 13 

 12.6 Effective Date. The foregoing provisions of this Plan shall apply to individuals (or beneficiaries of
individuals) who are Employees on or after the Effective Date, except as may otherwise be provided in the Plan. The rights of any other individual (or beneficiary) shall be determined by the provisions of the Plan as in effect on the date of such
individual’s latest Separation from Service except as may be provided by specific reference in any amendment adopted thereafter. 
  
 12.7 SEC Rule 16b-3. Transactions pursuant to this Plan are intended to come within the exemptions provided by SEC Rule 16b-3 (or any successor provision)
with respect to persons who are subject to Section 16 of the Securities Exchange Act of 1934 to the full extent provided thereby. Any provision required by such Rule to be set forth in this Plan is incorporated herein by reference, and any
inconsistent provision herein (other than Section 11.1) is superseded. 
  
 12.8
Deferred Compensation Provisions. Notwithstanding anything herein to the contrary, any payments hereunder that would be subject to the additional income tax imposed by Section 409A of the Code shall be deferred until the earliest date
that such payments may be made without the imposition of such tax. 
  

 14ARAMARK 2005 Directors' Deferred Compensation Plan

 Exhibit 10.3 
  
 ARAMARK 2005 DEFERRED COMPENSATION PLAN 
  
 FOR DIRECTORS 
  
 SECTION 1. GENERAL; DEFINITIONS. 
  
 For purposes of this ARAMARK Deferred Compensation Plan for Directors, the following terms are defined as set forth below: 
  

	a.	“Board” means the Board of Directors of the Company. 

  

	b.	“Change in Control” means the occurrence of any of the following events: 

  

	(i)	any Person (as such term is used for purposes of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended, or any successor thereto, other than (A) a Person holding
securities representing 10% or more of the combined voting power of the Company’s outstanding securities as of the date that the Company completes an initial public offering of its class B common stock (a “Pre-Existing Shareholder”)
or a transferee of a Pre-Existing Shareholder receiving securities of the Company by reason of the death of the Pre-Existing Shareholder pursuant to the terms of a will or trust or through intestacy, (B) the Company, any trustee or other fiduciary
holding securities under an employee benefit plan of the Company, or (C) any company owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of shares of the Company), becomes the
Beneficial Owner, directly or indirectly, of securities of the Company, representing (I) 35% or more of the combined voting power of the Company’s then-outstanding securities and (II) more of the combined voting power of the Company’s
then-outstanding securities than the Pre-Existing Shareholders in the aggregate; 

  

	(ii)	during any period of twelve consecutive months (not including any period prior to the date that the Company completes an initial public offering of its class B common stock),
individuals who at the beginning of such period constitute the Board, and any new director (other than a director nominated by any Person (other than the Company) who publicly announces an intention to take or to consider taking actions (including,
but not limited to, an actual or threatened proxy contest) which if consummated would constitute a Change in Control under (i), (iii) or (iv) of this Section 1(b)) whose election or appointment by the Board or nomination for election by the
Company’s shareholders was approved in advance by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so
approved, cease for any reason to constitute at least a majority thereof; 

	(iii)	the consummation of any transaction or series of transactions resulting in a merger or consolidation in which the Company is involved, other than a merger or consolidation which
would result in the shareholders of the Company immediately prior thereto continuing to own (either by remaining outstanding or by being converted into voting securities of the surviving entity), in the same proportion as immediately prior to the
transaction(s), more than 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or 

  

	(iv)	the complete liquidation of the Company or the sale or disposition by the Company of all or substantially all (i.e., more than 51%, measured by fair market value) of the
Company’s assets; 

  
 but only to the extent that, in each of
the foregoing instances, such event or events constitutes a “Change in Control Event” pursuant to Section 409A of the Internal Revenue Code of 1986, as amended. 
  

	c.	“Committee” means the Human Resources Committee of the Board, or such other committee as may be appointed by the Board. 

  

	d.	“Company” means ARAMARK Corporation, a Delaware Corporation. 

  

	e.	“Deferral Program” means this ARAMARK Deferred Compensation Plan for Directors, as amended from time to time. 

  

	f.	“Deferred Cash Account” means the unfunded deferred compensation account established by the Company pursuant to the Deferral Program in accordance with an election
by the Director to defer Fees and receive deferred cash compensation hereunder. 

  

	g.	“Deferred Stock Account” means the unfunded deferred compensation account established by the Company pursuant to the Deferral Program in accordance with an election
by the Director to defer Fees and receive deferred compensation hereunder, measured by and payable in Shares. 

  

	h.	“Director” means a member of the Board who is not an employee of the Company or any affiliate. 

  

	i.	“Equity Incentive Plan” means the ARAMARK 2001 Equity Incentive Plan, as amended from time to time. 

  

	j.	“Fair Market Value” means, on a given date, (i) if there should be a public market for the Shares on such date, the closing price of such Shares as reported on such
date on the composite tape of the principal national securities exchange on which such Shares are listed or admitted to trading, or, if such Shares are not listed or admitted on any national securities exchange, the closing price of such Shares on
such date as quoted on the National Association of Securities Dealers Automated Quotation System (or such market in which such price is regularly quoted) (the “NASDAQ”), or, if no sale of such Shares 

  

 2 

 shall have been reported on the composite tape of any national securities exchange or quoted on the
NASDAQ on such date, then the immediately preceding date on which sales of such Shares have been so reported or quoted shall be used; and (ii) if there should not be a public market for the Shares on such date, the Fair Market Value shall be the
value established by the Committee in good faith. 
  

	k.	“Fees” means amounts earned by the Director for serving as a member of the Board or any committee of the Board, but does not include grants of options to purchase
shares of the Company’s common stock. 

  

	l.	“Share” means a share of the Class A common stock of the Company; provided that, following termination of a Director’s service as a Director, “Share”
means a share of the Class B common stock of the Company. 

  

	m.	“Unit” means the unfunded, unsecured right of the Director to receive a Share. 

  

	n.	“Year” means the period commencing on each January 1 and ending on each December 31. 

  
 SECTION 2. ELECTION TO DEFER. 
  

	a.	The Director may elect, on or before the last day of the immediately preceding Year to irrevocably defer payment of all or a specified part of the Fees earned during a Year
following such election. Any person who shall become a Director during any Year, and who was not a Director on the last day of the immediately preceding Year, may elect, before the Director’s term begins and pursuant to Committee rules and
procedures, to irrevocably defer payment of all or a specified part of the Fees earned during the remainder of such Year. Any Fees deferred pursuant to this Section 2(a) shall be paid to the Director at the time and in the manner specified in
Section 4 hereof, as designated by the Director. 

  

	b.	The election by the Director to participate in the Deferral Program and the time and manner of payment shall be designated by submitting an election in the form attached hereto as
Appendix A, or any alternate form as may be approved by the Committee, to the Secretary of the Company (or a delegate). 

  
 SECTION 3. DEFERRED COMPENSATION ACCOUNTS. 
  

	a.	The Company shall maintain separate accounts for the Fees deferred by each Director, based on the elections each Director has made. Amounts credited to the Director’s Deferred
Cash Account shall be expressed in cash. Amounts credited to the Director’s Deferred Stock Account shall be expressed in Units. 

  

	b.	If the Director elects to defer Fees into the Director’s Deferred Cash Account, those deferred Fees shall be credited to the Director’s Deferred Cash Account on the last
trading day of the fiscal quarter with respect to which the Fees would otherwise have been payable, expressed in cash. 

  

 3 

	c.	If the Director elects to defer Fees into the Director’s Deferred Stock Account, those deferred Fees shall be credited to the Director’s Deferred Stock Account on the last
trading day of the fiscal quarter with respect to which the Fees would otherwise have been payable, expressed as a number of Units. Where such Fees were otherwise payable in cash, the number of Units credited to the Director’s Deferred Stock
Account with respect to those deferred Fees shall be calculated by dividing the amount of the deferred Fees by the Fair Market Value of the Shares on that date. 

  

	d.	Amounts credited to the Director’s Deferred Cash Account shall be credited with deemed earnings at a rate prescribed by the Committee from time to time and pursuant to
Committee rules and procedures. 

  

	e.	The Committee shall credit, on the date that any dividends are paid with respect to the Shares, the Director’s Deferred Stock Account with an additional number of Units equal
to the product of (x) the amount of any dividend paid on a Share, multiplied by (y) the quotient of (1) the number of Units held in the relevant Director’s Deferred Stock Account on the record date of such dividend, divided by (2) the Fair
Market Value of a Share on the dividend payment date. 

  
 SECTION
4. PAYMENT OF DEFERRED COMPENSATION. 
  

	a.	The Director’s Deferred Cash Account and Deferred Stock Account shall be payable as the Director’s election shall provide. Distributions of any Year’s deferrals shall
begin as soon as practicable following the third anniversary of the last day of the Year in which deferred Fees would otherwise have been payable to the Director, unless a later date is elected by the Director at the time of such Director’s
initial deferral election. The total amounts credited to the Director’s Deferred Cash Account shall be paid in cash, and the total number of Units credited to the Director’s Deferred Stock Account shall be paid as the same number of
Shares, pursuant to and subject to the terms of the Equity Incentive Plan. 

  

	b.	The Director shall have the right to designate one or more beneficiaries who will succeed to the Director’s right to receive payments hereunder in the event of the
Director’s death. Upon the death of a Director, the entire account balance of the Director’s Deferred Cash Account and Deferred Stock Account shall be paid to the designated beneficiaries in accordance with Section 4(a). In case of a
failure of designation or the death of a designated beneficiary without a designated successor, the amounts otherwise payable to such beneficiary shall be payable to the Director’s estate. No designation of beneficiary or change in beneficiary
shall be valid unless in writing signed by the Director and addressed to the Secretary of the Company (or a delegate). 

  
 SECTION 5. ADMINISTRATION; INTERPRETATION. 
  

	a.	The Deferral Program shall be administered by the Committee, which may delegate its duties and powers in whole or in part as it determines. The Committee is authorized to interpret
the Deferral Program, to establish, amend and rescind any rules and procedures 

  

 4 

 relating to the Deferral Program, and to make any other determinations that it deems necessary or
desirable for the administration of the Deferral Program. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Deferral Program in the manner and to the extent the Committee deems necessary or desirable.
Any decision of the Committee in the interpretation and administration of the Deferral Program, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned (including
without limitation Directors and their beneficiaries or successors). 
  

	b.	Except to the extent required by law, the right of any Director or any beneficiary to any amounts hereunder shall not be subject in any manner to attachment or other legal process
for the debts of such Director or beneficiary, and any such payment shall not be subject to alienation, sale, transfer assignment or encumbrance. 

  

	c.	Units credited to the Director’s Deferred Stock Account shall be subject to adjustment by the Committee in a manner consistent with Section 9 of the Equity Incentive Plan
(Adjustments Upon Certain Events). The total number of Shares distributable under the Deferral Program is subject to the total number of Shares available for awards under the Equity Incentive Plan. Following termination of the Director’s
services as a Director, any Units then credited to the Director’s Deferred Stock Account that relate to the Class A common stock of the Company shall be adjusted to relate to the Class B common stock of the Company. 

  

	d.	The Deferral Program constitutes an unfunded plan of deferred compensation. No separate fund or trust shall be created or moneys set aside on account of Director deferrals. Nothing
contained herein shall be deemed to create a trust of any kind or any fiduciary relationship. To the extent that any person acquires a right to receive payments from the Company under the Deferral Program, such right shall be no greater than the
right of any unsecured general creditor of the Company. 

  
 SECTION 6. MISCELLANEOUS. 
  

	a.	The Deferral Program may be amended or suspended in whole or in part from time to time by the Committee or the Board, and may be terminated in whole or in part by the Board, except
that no amendment, suspension, or termination shall apply (i) without shareholder approval if such approval is required by applicable law, or (ii) if it would materially, adversely affect amounts previously credited to the Director’s Deferred
Cash Account and Deferred Stock Account without the Director’s (or beneficiary’s) consent. In the event the Deferral Program is terminated by the Board, all outstanding amounts credited to the Deferred Cash Account and Deferred Stock
Account of the Director shall be distributed in a lump sum or in installments, in the same manner as the Director would have received payments if the Deferral Program had continued. 

  

	b.	The Deferral Program shall be governed by and construed and enforced in accordance with the laws of the State of Delaware, without regard to conflicts of laws.

  

 5 

	c.	In the event of a Change in Control, all amounts contained in the Director’s Deferred Cash Account and Deferred Stock Account shall be distributed in a lump sum or in
installments, as the Director’s initial deferral election has provided, commencing within thirty days after the occurrence of a Change in Control. 

  

	d.	If any provision of the Deferral Program is held invalid or unenforceable, the invalidity or unenforceability shall not affect the remaining parts of the Deferral Program, and the
Deferral Program shall be enforced and construed as if such provision had not been included. 

  

	e.	Notwithstanding anything in the Deferral Program to the contrary, any payments hereunder that would be subject to the additional income tax imposed by Section 409A of the Internal
Revenue Code of 1986, as amended shall be deferred until the earliest date that such payments may be made without the imposition of such tax. 

  

	f.	The Deferral Program shall be effective as of January 1, 2005. 

  

 6 

 APPENDIX A 
  

					
	

	 	 2005 Deferred Compensation Plan for Directors
 Authorization and Payment Election
	 	 

  

									
	 Social Security No.

	  	 Name (Last, First, Middle Initial)

	  	Birth Date

	  	Business Telephone

	  	Home Telephone

	 Home Address:
	  	 	  	 	  	 	  	 

  

							
	 1. DEFERRAL ELECTION
 (Minimum is $5,000 in EACH category)
	  	 2. PAYMENT ELECTION*
 (Note: Installments may be paid out up to 10 years)

	 ̈ Cash-Based Deferral	  	  ̈
Amount:
 $                    
	  	  ̈ Upon Termination
of Board Service
  ̈ On the following     Date:              (month)         
     (year)    
	  	  ̈ Lump Sum
  ̈ Installments -Number of years             

	 	  	 	  	 	  	Note: Installments may be paid out up to 10 years    
	 ̈ Stock-Based Deferral	  	  ̈
Amount:
 $                    
	  	  ̈ Upon Termination of Board Service
  ̈ On the following    Date:             (month)           
  (year)    
	  	 

  

					
			
	 3.      Payment Upon Death *
	  	In the event of my death, any unpaid cash-based and stock- based deferral accounts will be paid to my beneficiary as indicated below.	  	Will be Paid in Lump Sum
	 4.      Change in Control
	  	In the event of a Change in Control (as defined in the 2005 Deferred Compensation Plan document), I wish my unpaid cash-based and stock-based deferral accounts to be paid to me as
indicated.	  	  ̈ Lump Sum
  ̈ Installments - Number of years             
 Note: Installments may be paid out up to 10 years    

  

	*	Minimum deferral period is three years following the last day of the calendar year in which deferred fees would otherwise have been payable. Payment will start as soon as
administratively possible. 

  
 Beneficiary Designation:
Indicate name, relationship, Social Security number and address of your beneficiary on line below: 
  

 I have read and I understand the terms and conditions of my deferral as set forth in this agreement. By signing this agreement, I hereby elect to defer and to receive
payment of my deferral, plus interest, as indicated above. I UNDERSTAND THAT THIS ELECTION OF DEFERRAL, PAYMENT DATE AND FORM IS SUBJECT TO APPROVAL BY THE COMPANY AND I FURTHER UNDERSTAND THAT THE AMOUNT OF DEFERRAL, AND THE TIMING AND METHOD OF
THE PAYMENT ELECTIONS I MAKE CANNOT BE ALTERED. I also acknowledge that the Corporate Governance and Human Resources Committee (or its delegate or successor) has complete discretion to administer and interpret the plan. Please sign, date, and
return this form to ARAMARK Human Resources Services, ARAMARK Tower, 1101 Market Street, 6h Floor, Philadelphia, PA
19107. An approved copy will be returned to you. 
  
  

					
	
 Signature
	 	
 Date
	 	
 Approval

  
 5/05        Deferred Compensation Plan for Directors

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