Document:

exv10w2

 

EXHIBIT 10.2

ABM DEFERRED COMPENSATION PLAN

FOR NON-EMPLOYEE DIRECTORS

Effective October 31, 2006

Amended March 3, 2008

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	Article I. DEFINITIONS	 	 	1	 
	1.01
	 	“Account”	 	 	1	 
	1.02
	 	“Administrative Committee” or “Committee”	 	 	1	 
	1.03
	 	“Beneficiary”	 	 	1	 
	1.04
	 	“Board”	 	 	1	 
	1.05
	 	“Change in Control”	 	 	1	 
	1.06
	 	“Company”	 	 	1	 
	1.07
	 	“Compensation”	 	 	1	 
	1.08
	 	“Deferral”	 	 	1	 
	1.09
	 	“Director”	 	 	1	 
	1.10
	 	“Effective Date”	 	 	1	 
	1.11
	 	“Employer”	 	 	1	 
	1.12
	 	“Identification Date”	 	 	1	 
	1.13
	 	“Internal Revenue Code” or “Code”	 	 	1	 
	1.14
	 	“Key Service Provider”	 	 	1	 
	1.15
	 	“Participant”	 	 	2	 
	1.16
	 	“Person”	 	 	2	 
	1.17
	 	“Plan”	 	 	2	 
	1.18
	 	“Plan Administrator”	 	 	2	 
	1.19
	 	“Plan Year”	 	 	2	 
	1.20
	 	“Restricted Stock Unit”	 	 	2	 
	1.21
	 	“Separation from Service”	 	 	2	 
	1.22
	 	“Unforeseeable Emergency”	 	 	2	 
	1.23
	 	“Valuation Date”	 	 	3	 
	 
	 	 	 	 	 	 
	Article II. ELIGIBILITY FOR PARTICIPATION	 	 	4	 
	2.01
	 	Eligibility Requirements	 	 	4	 
	2.02
	 	Change in Status	 	 	4	 
	2.03
	 	Determination of Eligibility	 	 	4	 
	 
	 	 	 	 	 	 
	Article III. CONTRIBUTIONS	 	 	5	 
	3.01
	 	Deferrals	 	 	5	 
	3.02
	 	Elective Deferral Election	 	 	5	 
	3.03
	 	Deferral of Distribution of Restricted Stock Unit Awards Granted in 2007	 	 	6	 
	 
	 	 	 	 	 	 
	Article IV. ACCOUNTS, FUNDING AND VALUATION	 	 	7	 
	4.01
	 	Establishment of Account	 	 	7	 
	4.02
	 	Valuation of Account	 	 	7	 
	 
	 	 	 	 	 	 
	Article V. PARTICIPANTS’ VESTED INTERESTS	 	 	8	 
	5.01
	 	Vesting	 	 	8	 
	 
	 	 	 	 	 	 
	Article VI. DISTRIBUTION OF BENEFITS	 	 	9	 
	6.01
	 	Distribution of Benefits	 	 	9	 

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	6.02
	 	Separation from Service	 	 	9	 
	6.03
	 	Unforeseeable Emergency Withdrawals	 	 	9	 
	6.04
	 	Form of Distribution	 	 	10	 
	6.05
	 	Distributions to Key Service Providers	 	 	10	 
	 
	 	 	 	 	 	 
	Article VII. DEATH	 	 	11	 
	7.01
	 	Death	 	 	11	 
	 
	 	 	 	 	 	 
	Article VIII. THE ADMINISTRATIVE COMMITTEE	 	 	12	 
	8.01
	 	Duties and Responsibility	 	 	12	 
	8.02
	 	Allocation and Delegation of Responsibilities	 	 	12	 
	8.03
	 	Expenses and Compensation	 	 	13	 
	8.04
	 	Information from Company	 	 	13	 
	8.05
	 	Administrative Committee; Signature	 	 	13	 
	 
	 	 	 	 	 	 
	Article IX. PARTICIPANTS’ RIGHTS	 	 	14	 
	9.01
	 	Disclosures	 	 	14	 
	9.02
	 	Filing a Claim for Benefits	 	 	14	 
	9.03
	 	Denial of a Claim	 	 	14	 
	9.04
	 	Limitation of Rights	 	 	14	 
	 
	 	 	 	 	 	 
	Article X. AMENDMENT AND TERMINATION	 	 	16	 
	10.01
	 	Amendment or Termination	 	 	16	 
	 
	 	 	 	 	 	 
	Article XI. MISCELLANEOUS	 	 	17	 
	11.01
	 	Execution of Receipts and Releases	 	 	17	 
	11.02
	 	Notice and Unclaimed Benefits	 	 	17	 
	11.03
	 	Non-Alienation of Benefits	 	 	17	 
	11.04
	 	Loans to Participants	 	 	18	 
	11.05
	 	Benefits Payable to Incompetents	 	 	18	 
	11.06
	 	Applicable Law	 	 	18	 
	11.07
	 	Headings as Guide	 	 	18	 
	11.08
	 	Pronouns	 	 	18	 
	11.09
	 	Reference to Laws	 	 	18	 
	11.10
	 	Participant’s Rights Unsecured	 	 	18	 

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Article I.

DEFINITIONS

The following terms as used herein shall have the meaning hereinafter set forth unless the context
clearly indicates a different meaning is required. Whenever in these definitions a word or phrase
not previously defined is used, such word or phrase shall have the meaning thereafter given to it
in Article I unless otherwise specified.

	1.01	 	“Account” means the account established and maintained by the Administrative
Committee for each Participant.
	 
	1.02	 	“Administrative Committee” or “Committee” means the Governance Committee of
the Board of Directors of the Company.
	 
	1.03	 	“Beneficiary” means the Person last designated by a Participant on a form provided by
the Administrative Committee or by the terms of the Plan to receive any amounts payable under
the Plan following the death of the Participant. A Participant may change the Beneficiary
from time to time on a form provided by the Administrative Committee.
	 
	1.04	 	“Board” means the Board of Directors of the Company.
	 
	1.05	 	“Change in Control” shall have the meaning given that term in Section 5.01.
	 
	1.06	 	“Company” means ABM Industries Incorporated, and, where appropriate, its successors
or assigns.
	 
	1.07	 	“Compensation” means all the annual retainer and board meeting fees paid by the
Company to the eligible Director while a Participant with respect to services rendered during
the Plan Year.
	 
	1.08	 	“Deferral” means an amount that a Participant has elected to defer under Article III.
	 
	1.09	 	“Director” means any individual who is a member of the Board and who is not an
employee of the Company.
	 
	1.10	 	“Effective Date” means January 1, 2008.
	 
	1.11	 	“Employer” means the Company, its subsidiaries (within the meaning of Sections 414(b)
and (c) of the Code), and its successors or assigns.
	 
	1.12	 	“Identification Date” means each December 31.
	 
	1.13	 	“Internal Revenue Code” or “Code” means the Internal Revenue Code of 1986, as
amended from time to time.
	 
	1.14	 	“Key Service Provider” means a Participant who, on an Identification Date, is:

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	 	(a)	 	A 5% owner of the Employer; or
	 
	 	(b)	 	A 1% owner of the Employer having annual compensation from the Company of
more than $150,000.

If a Participant is identified as a Key Service Provider on an Identification Date, then
such Participant shall be considered a Key Service Provider for purposes of the Plan during
the period beginning on the first April 1 following the Identification Date and ending on
the next March 31.

	1.15	 	“Participant” means any Director or former Director who has satisfied the eligibility
requirements of Section 2.01 who is, or may become, eligible to receive a benefit or whose
Beneficiary may be eligible to receive a benefit under the Plan.
	 
	1.16	 	“Person” means any individual, partnership, joint venture, corporation, mutual
company, joint stock company, trust, estate, unincorporated organization, association, or
employee organization, and shall, where appropriate, include two or more of the above.
	 
	1.17	 	“Plan” means the ABM Deferred Compensation Plan for Non-Employee Directors.
	 
	1.18	 	“Plan Administrator” means the Company.
	 
	1.19	 	“Plan Year” means the calendar year.
	 
	1.20	 	“Restricted Stock Unit” means a restricted stock unit award granted by the Company to a
Participant.
	 
	1.21	 	“Separation from Service” means termination of service as a Director with the
Employer, other than by reason of death. A Participant shall not be deemed to have
experienced a Separation from Service if the Participant continues to provide services to the
Employer at an annual rate that is fifty percent or more of the services rendered, on average,
during the immediately preceding three full years of service as a Director with the Employer
(or if providing services to the Employer less than three years, such lesser period);
provided, however, that a Separation from Service will be deemed to have occurred if a
Participant’s service with the Employer is reduced to an annual rate that is less than twenty
percent of the services rendered, on average, during the immediately preceding three full
years of service as a Director with the Employer (or if providing services to the Employer
less than three years, such lesser period).
	 
	1.22	 	“Unforeseeable Emergency” means shall mean a severe financial hardship to the
Participant or his or her Beneficiary resulting from: (i) an illness or accident of the
Participant or Beneficiary, the Participant’s or Beneficiary’s spouse, or the Participant’s or
Beneficiary’s dependent (as defined in Section 152(a) of the
Code); (ii) loss of the Participant’s or Beneficiary’s property due to casualty (including
the need to rebuild a home following damage to a home not otherwise covered by insurance);
or (iii) other similar extraordinary and unforeseeable circumstances arising as a result of
events beyond the control of the Participant or Beneficiary. Hardship shall not constitute
an Unforeseeable Emergency to the extent that it is, or may be, relieved by: (a)

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	 	 	reimbursement or compensation, by insurance or otherwise; (b) liquidation of the
Participant’s or Beneficiary’s assets to the extent that the liquidation of such assets
would not itself cause severe financial hardship; or (c) cessation of deferrals under the
Plan. An Unforeseeable Emergency does not include (among other events): (y) sending a
child to college; or (z) purchasing a home.
	 
	1.23	 	“Valuation Date” means March 31, June 30, September 30 and December 31 of each Plan
Year.

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Article II.

ELIGIBILITY FOR PARTICIPATION 

	2.01	 	Eligibility Requirements
	 
	 	 	Each Director of the Company shall become a Participant under the Plan on the date he or
she makes an election to defer Compensation or shares subject to Restricted Stock Unit
awards (including dividend equivalents credited to such shares) under the Plan.
	 
	2.02	 	Change in Status
	 
	 	 	A Participant’s participation in the Plan shall terminate immediately as of the date on
which he or she ceases to be a Director, except that the Participant shall retain the right
to receive his or her Account.
	 
	2.03	 	Determination of Eligibility
	 
	 	 	The Administrative Committee shall determine whether each Director has satisfied the
eligibility requirements for participation in the Plan. The Committee’s determination
shall be conclusive and binding upon all persons.

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Article III.

CONTRIBUTIONS 

	3.01	 	Deferrals

	 	(a)	 	For each Plan Year commencing with 2007, a Participant may elect to defer
receipt of all or any portion of his or her Compensation that he or she would
otherwise receive from the Company. In addition, in October 2006 each eligible
Director who is a party to a Director Retirement Plan benefit agreement may elect to
have such benefit converted to a credit to the Account established pursuant to this
Plan, effective November 1, 2006.
	 
	 	(b)	 	Each Participant who receives a Restricted Stock Unit award in a Plan Year
may elect to defer all or a percentage of any shares he or she may be entitled to
receive (including dividend equivalents credited to such shares) upon the lapse of any
restrictions or vesting period to which the Restricted Stock Unit award is subject.
This election shall be made by giving notice in a manner and within the time
prescribed by the Administrator and in compliance with Section 409A of the Code.

	3.02	 	Elective Deferral Election
	 
	 	 	Upon becoming eligible to participate in the Plan, a newly eligible Director may make an
election described in Section 3.01 by filing an election form with the Administrative
Committee within 30 days (or earlier, as the form may provide) following the date the
Director becomes eligible to participate in the Plan. Such election form shall be
irrevocable on the 31st day following the date the Director becomes eligible to
participate in the Plan unless the Company provides an earlier date. For each Plan Year
following the year in which a Participant becomes eligible to participate in the Plan, a
Participant may make an election described in Section 3.01 by filing an election form with
the Administrative Committee within a reasonable period of time, as specified by the
Committee, before the beginning of the Plan Year to which the Deferral election applies.
Except as provided in this Plan, a Deferral election shall be irrevocable on the December
31 preceding the Plan Year to which the Deferral election applies, or at such earlier time
as the Committee prescribes. A Deferral election may not be changed during the Plan Year
that it is effective; provided, that upon a showing of an Unforeseeable Emergency and with
the consent of the Administrative Committee, a Participant may at any time revoke his or
her Deferral election with respect to Compensation he or she has not yet earned and shares
subject to a Restricted Stock Unit award in which he or she has not yet become vested
during the Plan Year. A Participant who revokes his or her Deferral election may not again
make an election to defer the receipt of Compensation or shares subject to a Restricted
Stock Unit award (including dividend equivalents credited to such shares) effective before
the beginning of the next Plan Year. Notwithstanding the foregoing, a Participant may make
an election in 2008 to defer shares subject to a Restricted Stock Unit
award granted in 2008 (including dividend equivalents credited to such shares); provided
that such election be made no later than the date immediately prior

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	 	 	to the date of grant of
such award. Unless otherwise provided, an election must be made each year in order to
participate in this Plan.
	 
	3.03	 	Deferral of Distribution of Restricted Stock Unit Awards
Granted in 2007
	 
	 	 	Notwithstanding anything in this Plan to the contrary, for the purposes of Restricted Stock
Unit awards granted in 2007, a Participant may defer the time of distribution of any
unvested portion of such Restricted Stock Unit awards (including dividend equivalents
credited to such shares); provided that (1) such deferral shall not become effective for 12
months and (2) the date of payment is at least five years subsequent to the originally
scheduled payment date, and (3) the form is accepted by the Committee, in its sole and
absolute discretion. The election may be modified or revoked until twelve months prior to
the originally scheduled vesting date, or such earlier time that the Committee determines
in its discretion, at which time such change shall become irrevocable. The last valid form
accepted by the Committee shall govern the payout of a Participant’s deferred shares
subject to Restricted Stock Unit awards granted in 2007 (including dividend equivalents
credited to such shares), as applicable.

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Article IV.

ACCOUNTS, FUNDING AND VALUATION

	4.01	 	Establishment of Account
	 
	 	 	The Administrative Committee shall open and maintain a separate Account for each
Participant. Such Account shall be credited with all Deferrals for the Participant. In
addition, the Account of each eligible Director who has elected to convert his or her
Director Retirement Plan benefits to an Account credit under this Plan shall be credited on
November 1, 2006, with the amount approved by the Governance Committee pursuant to its
resolution adopted on September 5, 2006. As soon as reasonably possible after each
Valuation Date, each Participant shall be notified of the value of his or her Account.
	 
	4.02	 	Valuation of Account

	 	(a)	 	Interest shall be credited to each Participant’s Account as of each Valuation
Date equal to the product of

	 	(1)	 	the amount credited to the Participant’s Account as of the
last preceding Valuation Date, less any distributions or withdrawals and plus
one-half (1/2) of Deferrals, if any, since the last preceding Valuation Date,
multiplied by
	 
	 	(2)	 	the applicable interest rate; provided, however, that for the
December 31, 2006 Valuation Date, interest shall be based on the Account
balance on November 1, 2006, if any.

	 	(b)	 	On each Valuation Date, each Participant’s Account will be credited with
interest. The amount of interest will be derived from the prime interest rate
published in The Wall Street Journal on the last business day coinciding with or next
preceding the Valuation Date. Any prime rate up to 6% will be considered in full and
1/2 of any prime rate over 6% will be considered; provided, however, after October 1,
2007, the interest rate will not exceed 120% of the long-term applicable federal rate
(compounded quarterly) as published by the Internal Revenue Service. The amount
credited will be a proration of the prime rate considered taking into consideration
the period of time elapsed since the last Valuation Date (or since November 1, 2006,
in the case of the December 31, 2006 Valuation Date).

	 	 	For example, if the Plan is valued quarterly and on March 31, the prime rate is 7%, the
rate credited will be (1/4 x 6%) + (1/4 x 1/2 x 1%) or 1.625%.

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Article V.

PARTICIPANTS’ VESTED INTERESTS 

	5.01	 	Vesting
	 
	 	 	Each Participant shall always be one hundred percent (100%) vested in his or her Account;
provided, however, that any amount credited to a Participant’s Account on November 1, 2006
pursuant to the election described in Section 3.01 shall be forfeited if the Participant
voluntarily resigns his or her position as a Director before November 1, 2007 for any
reason other than disability, as determined pursuant to Section 409A(a)(2)(C) of the Code
or in connection with a Change in Control. A “Change in Control” shall be deemed to have
occurred upon a change in the ownership or effective control of the Company or a change in
the ownership of a substantial portion of the assets of the Company as defined in the
regulations promulgated under Section 409A of the Code. Notwithstanding anything to the
contrary in this Article V, the vesting of shares subject to a Restricted Stock Unit award
granted to a Participant shall always be subject to the vesting schedule as set forth in
the Restricted Stock Unit award’s applicable plan or agreement.

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Article VI.

DISTRIBUTION OF BENEFITS

	6.01	 	Distribution of Benefits
	 
	 	 	Except as provided in Article 6.03 below, a Participant’s Account may not be distributed to
a Participant or his or her Beneficiary before the date the Participant ceases to be a
member of the Board.
	 
	6.02	 	Separation from Service

	 	(a)	 	When a Participant experiences a Separation from Service as a Director, the
vested portion of his or her Account shall be distributed, or distribution shall
commence within 90 days following Separation from Service as a Director. The amount
in his or her Account shall be determined as of the Valuation Date that last precedes
the date of distribution, plus Deferrals and less any withdrawals or distributions, if
any, for the period from the last preceding Valuation to the date of distribution.
	 
	 	(b)	 	The distribution shall be made in the form elected by the Participant under
Section 6.04. If the Participant made no election at the time specified in Section
6.04, his or her benefit shall be paid as a lump sum.
	 
	 	(c)	 	Notwithstanding anything in this Article VI to the contrary, if a Participant
elects to defer the receipt of shares subject to Restricted Stock Unit awards granted
in 2007, then such shares (including dividend equivalents credited to such shares)
shall be distributed in the year in which the Participant elects; provided that such
distribution shall not occur at any time prior to the five-year anniversary of the
originally scheduled payment date of such shares; provided further that if the
Participant experiences a Separation from Service as a Director at any time prior to
such elected distribution date, the vested portion of any shares subject to such
Restricted Stock Unit awards granted in 2007 (and associated dividend equivalents)
shall be distributed in a lump sum within 90 days following his or her Separation from
Service as a Director.

	6.03	 	Unforeseeable Emergency Withdrawals

	 	(a)	 	A Participant may withdraw up to one hundred percent (100%) of the amount in
his or her Deferral Account in the event of an Unforeseeable Emergency to the extent
provided in this Section 6.03.
	 
	 	(b)	 	A Participant who wishes to withdraw any amount pursuant to this Section 6.03
must submit, on a form provided by the Administrative Committee, a written request by
the Participant that states:

	 	(1)	 	The Unforeseeable Emergency for which the withdrawal is
requested;

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	 	(2)	 	The amount needed to satisfy the financial need, which amount
may include any federal, state, or local income taxes or penalties reasonably
anticipated to result from the withdrawal;
	 
	 	(3)	 	A representation that the need cannot be satisfied in any of
the ways stated in the definition of Substantial Hardship;
	 
	 	(4)	 	The date the funds are required; and
	 
	 	(5)	 	Any other information the Administrative Committee deems
necessary.

	 	(c)	 	The Administrative Committee will determine if an Unforeseeable Emergency
withdrawal will be allowed by applying the standards set forth in the definition of
Substantial Hardship.
	 
	 	(d)	 	A withdrawal from a Participant’s Account under Section 6.03 shall be paid in a
lump sum.

	6.04	 	Form of Distribution
	 
	 	 	A Participant may elect in writing, on a form prescribed by the Administrative Committee, to
have his or her benefit (other than an Unforeseeable Emergency withdrawal) paid (a) as a
lump sum, or (b) in substantially equal annual installments over a ten (10) year period.
Such election must be made within 30 days following the date the eligible Director becomes
eligible to participate in the Plan (i.e., the later of the date of the eligible Director’s
election to the Board or October 31, 2006). If the Participant fails to make such election
or later wishes to change such election, he or she may make a later election, subject to the
following restrictions: (i) The later election must be made no later than 12 months before
the date payment is scheduled to be made or commence; (ii) The later election must defer the
payment date for a minimum of five years from the previously scheduled payment date; and
(iii) The later election must not accelerate the date of any payment or distribution. For
purposes of the Plan, installment payments shall be treated as a single distribution under
Section 409A of the Code.
	 
	6.05	 	Distributions to Key Service Providers
	 
	 	 	Notwithstanding any other provision of the Plan to the contrary, distributions to a Key
Service Provider may not be made before the date that is six months after the date of his or
her Separation from Service.

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Article VII.

DEATH 

	7.01	 	Death
	 
	 	 	If a Participant dies before distribution of his or her Account has begun or been completed,
the remaining portion of the Participant’s Account shall constitute a Death Benefit and
shall be payable to the Participant’s Beneficiary in a lump sum no later than 90 days after
the date of death. The value of the Participant’s Account shall be determined in accordance
with the rules set forth in Section 4.02. If the Participant has not designated a
Beneficiary or if the named Beneficiary does not survive the Participant, payment shall be
made to the Participant’s surviving spouse, if any, or if none to the Participant’s
surviving children, if any, in equal shares or if none to the Participant’s estate.

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Article VIII.

THE ADMINISTRATIVE COMMITTEE 

	8.01	 	Duties and Responsibility
	 
	 	 	The Committee shall administer the Plan and shall have full discretionary authority to
construe this Plan and to determine all questions of interpretation or policy in a manner
not inconsistent with the Plan and the Administrative Committee’s construction or
determination in good faith shall be final and conclusive and binding on all parties
including but not limited to the Company and any Participant or Beneficiary, except as
otherwise provided by law. The Administrative Committee may correct any defect, supply any
omission, or reconcile any inconsistency in such manner and to such extent as shall be
deemed necessary or advisable to carry out the purpose of the Plan, provided, however, that
any interpretation or construction shall be done in a nondiscriminatory manner and shall be
consistent with the intent that the Plan shall be an unfunded plan. The Administrative
Committee shall have all powers necessary or appropriate to accomplish its duties under this
Plan.
	 
	 	 	The Administrative Committee shall be charged with the duties of the general administration
of the Plan, including but not limited to, the following:

	 	(a)	 	To determine all questions relating to the eligibility of Directors to
participate in or remain a Participant hereunder;
	 
	 	(b)	 	To maintain all the necessary records for the administration of the Plan;
	 
	 	(c)	 	To interpret the provisions of the Plan and to make and publish such rules for
regulation of the Plan as are not inconsistent with the terms hereof;
	 
	 	(d)	 	To make any adjustments in the allocations, to Accounts under the Plan
necessary to comply with any provision of law; and
	 
	 	(e)	 	To advise, counsel and assist any Participant regarding any rights, benefits or
elections available under the Plan.

The Administrative Committee shall also be responsible for preparing and filing such annual
disclosure reports as may be required by law.

Whenever it is determined by the Administrative Committee to be in the best interest of the
Plan and its Participants and Beneficiaries, the Administrative Committee may request such
variances, deferrals, extensions, or exemptions or make such elections for the Plan as may
be available under the law.

	8.02	 	Allocation and Delegation of Responsibilities
	 
	 	 	The Administrative Committee may engage agents to assist in carrying out the Administrative
Committee’s functions hereunder.

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	8.03	 	Expenses and Compensation
	 
	 	 	The expenses necessary to administer the Plan and the expenses incurred by the
Administrative Committee shall be paid by the Company.
	 
	8.04	 	Information from Company
	 
	 	 	The Company shall supply full and timely information to the Administrative Committee on all
matters relating to the compensation of all Participants, their continuous regular service
to the Company, their retirement, death, disability or termination of service to the
Company, and such other pertinent facts as the Administrative Committee may require.
	 
	8.05	 	Administrative Committee; Signature
	 
	 	 	The signature of one member of the Administrative Committee may be accepted by any
interested party as conclusive evidence that the Administrative Committee has duly
authorized the action therein set forth. No person receiving documents or written
instructions and acting in good faith and in reliance thereon shall be obliged to ascertain
the validity of such action under the terms of this Agreement. The Administrative Committee
shall act by a majority of its members at the time in office and such action may be taken
either by a vote at a meeting or in writing without a meeting.

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Article IX.

PARTICIPANTS’ RIGHTS 

	9.01	 	Disclosures
	 
	 	 	The Administrative Committee shall furnish at least every six (6) months each Participant or
Beneficiary with a written statement, based on the latest available information, indicating
the value of his or her Account.
	 
	 	 	Upon termination of his or her status as a Director, a Participant is entitled to a written
explanation of and accounting for his or her Account.
	 
	9.02	 	Filing a Claim for Benefits
	 
	 	 	A Participant or Beneficiary or the Employer acting on his or her behalf shall notify the
Administrative Committee of a claim for benefits under the Plan. Such request may be in any
form acceptable to the Administrative Committee and shall set forth the basis of such claim
and shall authorize the Administrative Committee to conduct such examinations as may be
necessary to determine the validity of the claim and to take such steps as may be necessary
to facilitate the payment of any benefits to which the Participant or Beneficiary may be
entitled under the terms of the Plan. The Administrative Committee shall review the claim
and may require additional information if necessary to process the claim. The
Administrative Committee shall issue its decision, in writing, no later than 90 days after
the date the claim is received, unless circumstances require an extension of time. If such
an extension is required, written notice of the extension shall be furnished to the person
making the claim within the initial 90-day period, and the notice shall state the
circumstances requiring the extension and the date by which the Administrative Committee
expects to reach a decision on the claim. In no event shall the extension exceed a period
of 90 days from the end of the initial period.
	 
	9.03	 	Denial of a Claim
	 
	 	 	Whenever a claim for benefits by any Participant or Beneficiary has been denied, in whole or
in part, a written notice of the denial will be provided to the Participant or Beneficiary
within the period specified in Section 9.02 above. The notice shall set forth, in a manner
calculated to be understood by the claimant, (i) the specific reason or reasons for the
denial; (ii) reference to the specific Plan provisions upon which the denial is based; (iii)
a description of any additional material or information necessary for the claimant to
perfect the claim and an explanation of why such information is necessary; and (iv) an
explanation of the Plan’s appeal procedures and the time limits applicable to such
procedures, including a statement of the claimant’s right to bring a civil action under
Section 502(a) of ERISA following an adverse benefit determination on review.
	 
	9.04	 	Limitation of Rights

14

 

	 	 	Participation hereunder shall not grant any Participant the right to be retained as a member
of the Board of Directors of the Company or any rights or interest other than those
specifically herein set forth.

15

 

Article X.

AMENDMENT AND TERMINATION 

	10.01	 	Amendment or Termination
	 
	 	 	The Company, by action of the Board, may at any time and from time to time amend or
terminate this Plan in whole or in part (including retroactively); provided that if the
Company exercises its authority to terminate the Plan, then such termination shall be in
compliance with Treasury Regulation § 1.409A-3(j)(4)(ix)(C). The Company shall not have the
right to amend or terminate the Plan retroactively in such a manner as to deprive any
Participant or Beneficiary of any benefit to which he or she was entitled under the Plan by
reason of Deferrals prior to the amendment or termination.

16

 

Article XI.

MISCELLANEOUS

	11.01	 	Execution of Receipts and Releases
	 
	 	 	Any payment to any Participant or Beneficiary, in accordance with the provisions of this
Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against
the Plan, and the Administrative Committee may require such Participant or Beneficiary, as a
condition precedent to such payment, to execute a receipt and release therefor in such form
as the Administrative Committee shall determine.
	 
	11.02	 	Notice and Unclaimed Benefits
	 
	 	 	Each Participant and Beneficiary must file with the Company from time to time in writing his
or her post office address and each change of post office address. Any communication,
statement, or notice addressed to a Participant or Beneficiary at his or her last post
office address filed with the Company will be binding on the Participant and his or her
Beneficiary for all purposes of the Plan. Neither the Company nor the Administrative
Committee shall be obliged to search for or ascertain the whereabouts of any Participant or
Beneficiary.
	 
	 	 	The Committee shall notify any Participant or Beneficiary when a distribution is required
under the Plan. The Committee may also request the Social Security Administration to notify
the Participant or Beneficiary in accordance with any procedures the Administration has
established for this purpose. In the event that the Participant or Beneficiary shall fail
to respond to any notice from the Committee, the amount in his or her Account shall be
forfeited.
	 
	11.03	 	Non-Alienation of Benefits
	 
	 	 	Except in the case of a domestic relations order, as defined in Section 414(p) of the Code:

	 	(a)	 	No Participant or Beneficiary, and no creditor of a Participant or Beneficiary
shall have any right to assign, pledge, sell, hypothecate, anticipate or in any way
create a lien upon his or her benefits under the Plan by operation of law or otherwise,
and any attempt to do so shall be void; nor shall any such benefits in any manner be
liable for or subject to the debts, contracts, liabilities, engagements or torts of the
person entitled to such benefits.
	 
	 	(b)	 	No interest in the Plan shall be subject to assignment or transfer or otherwise
be alienable, either by voluntary or involuntary act or by operation of law or equity,
or subject to attachment, execution, garnishment, sequestration, levy or other seizure
under any legal, equitable or other process, or be liable in any way for the debts or
defaults of Participants and Beneficiaries.

17

 

	11.04	 	Loans to Participants
	 
	 	 	A Participant may not receive a loan from the Plan of any portion of his or her Account.
	 
	11.05	 	Benefits Payable to Incompetents
	 
	 	 	Each individual receiving benefit payments under the Plan shall be conclusively presumed to
have been legally competent until the date upon which the Administrative Committee shall
have received written notice in the form and manner acceptable to it that such individual is
an incompetent for whom a guardian or other person legally vested with his or her care shall
have been appointed. From and after the date of receipt of such notice by Administrative
Committee, all future benefit payments to which such individual is entitled under the Plan
shall be payable to his or her guardian or other person legally vested with his or her care,
until such time as the Administrative, Committee shall be furnished with evidence
satisfactory to it that such individual is legally competent.
	 
	11.06	 	Applicable Law
	 
	 	 	This Plan shall be governed and construed under Federal law and the laws of the State of
California.
	 
	11.07	 	Headings as Guide
	 
	 	 	The headings of this Plan are inserted for convenience of reference only and are not to be
considered in construction of the provisions hereof.
	 
	11.08	 	Pronouns
	 
	 	 	When necessary to the meaning hereof, either the masculine or the neuter pronoun shall be
deemed to include the masculine, the feminine, and the neuter, and the singular shall be
deemed to include the plural.
	 
	11.09	 	Reference to Laws
	 
	 	 	Any reference to any section or regulation under the Internal Revenue Code or to any other
statute or law shall be deemed to include any successor law of similar import.
	 
	11.10	 	Participant’s Rights Unsecured
	 
	 	 	The right of the Participant or his or her designated Beneficiary to receive a distribution
hereunder shall be an unsecured claim against the general assets of the Company, and neither
the Participant nor his or her designated beneficiary shall have any rights in or against
any amount credited to his or her Account or any other specific assets of the Company. All
amounts credited to an Account shall constitute general assets of the Company and may be
disposed of by the Company at such time and for such purposes as it may deem appropriate.
An Account may not be encumbered or assigned by a Participant or any Beneficiary. The
Company is authorized in its sole discretion to establish a grantor trust for the purpose of
providing security for payments made under

18

 

	 	 	the Plan; provided that no Participant shall be considered to have a beneficial ownership
interest (or any other sort of interest) in any specific asset of the Company or of its
subsidiaries or affiliates as a result of the creation of such trust or the transfer of
funds or other property to such trust.

     Executed at this 3rd day of March 2008 to be effective as of January 1, 2008.

	 	 	 	 	 
	 	

Company:

ABM Industries Incorporated

 	 
	 	By:  	/s/ Erin M. Andre
 	 
	 	 	Erin M. Andre 	 
	 	 	Senior Vice President, Human Resources 	 
	 

19exv4w1

 

Exhibit 4.1

	CUSIP 748349 30 5

 

 

	The following abbreviations, when used, in the inscription on the face of this certificate,
shaft be construed as though they were written out in full according to applicable laws or
regulations: TEN COW — as tenants in common UNIF GIFT WIN ACT -___as Custodian tor UNIF TRAN
MIN ACT as Custodian for TEN ENT — as tenants by the entireties (Cusip) (Minor) JT TEN — as joint
tenants with right of survivorship under Uniform Gifts to Minors under Uniform Transfers to Minors
and not as tenants In common Act Act TOD — transfer on death direction in event of owner’s death,
(State) (State) to person named on face Additional abbreviations may also be used though not in the
above list For Value Received,___hereby sell, assign and transfer unto PLEASE INSERT SOCIAL
SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE [PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF
ASSIGNEE) Shares represented by the within certificate, and do hereby irrevocably constitute and
appoint Attorney to transfer the said shares on the books of the within-named Corporation with full
power of substitution in the premises. Dated NOTICE: the signature to this assignment must
correspond with the Name as written upon the face of the certificate in every particular,
without ALTERATION OP ENLARGEMENT OR ANY CHANGE WHATEVER, SIGNATURE(S) GUARANTEED By THE
SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers,
Savings and Loan Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM PURSUANT TO S.E.C RULE 17Ad-15. This certificate also evidences and entitles the
holder hereof to certain Rights as set forth in the Rights Agreement between Quest Resource
Corporation (the “Company”) and UMB Bank, n.a., a national banking organization (the “Rights
Agent”), dated as of May 31, 2006, as it may be amended from time to time (the “Rights Agreement”),
the terms of which are hereby incorporated herein by reference and a copy of which is on file at
the principal offices of the Company. Under certain circumstances, as set forth in the Rights
Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced
by this certificate. The Company will mail to the holder of this certificate a copy of the Rights
Agreement, as in effect on the date of mailing, without charge, promptly after receipt of a written
request therefor. Under certain circumstances set forth in the Rights Agreement, Rights issued to,
or Beneficially Owned or held by, any Person who is, was or becomes an Acquiring Person or any
Affiliate or Associate thereof (as such terms are defined in the Rights Agreement), whether
currently Beneficially Owned or held by or on behalf of such Person or by any subsequent holder,
may become null and void.

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