Document:

Exhibit
10.3

 

CHANGE IN CONTROL AGREEMENT

 

This Change in Control Agreement
(this “Agreement”), effective as of March 31, 2015, is made between ABM Industries Incorporated, a Delaware corporation
(the “Company”) and the individual executing this Agreement as the Executive on the signature page (the “Executive”).

 

RECITALS

 

A.        The
Executive is a senior executive of the Company and is expected to make major contributions to the short- and long-term profitability,
growth and financial strength of the Company;

 

B.        The
Company recognizes that the possibility of a Change in Control, as hereinafter defined, exists and that such possibility, and the
uncertainty it may create among management, may result in the distraction or departure of management personnel, to the detriment
of the Company and its stockholders, including a reduction of the value received by stockholders in a Change in Control transaction;

 

C.        The
Company desires to assure itself of both present and future continuity of management and to establish fixed severance benefits
for certain of its senior executives, including the Executive, applicable in the event of a Change in Control; and

 

D.        The
Company desires to provide additional inducement for the Executive to continue to remain in the employ of the Company. Accordingly,
the Company and the Executive agree as follows:

 

1.         Certain
Defined Terms. In addition to terms defined elsewhere herein, the following terms have the following meanings when used in
this Agreement with initial capital letters:

 

(a)          “After-Tax
Amount” means the amount to be received by the Executive determined on an after-tax basis taking into account the excise
tax imposed pursuant to Section 4999 of the Code, or any successor provision thereto, any tax imposed by any comparable provision
of state law and any applicable federal, state and local income and employment taxes.

 

(b)          “Base
Pay” means the Executive’s annual base salary rate as in effect at the time a determination is required to be made
under Section 4.

 

(c)          “Board”
means the Board of Directors of the Company; any action of the Board herein contemplated will be valid if adopted by a majority
of the total number of directors then in office or a majority of the Incumbent Directors and, for purposes of interpreting, amending
or waiving any portion of this Agreement, may be adopted by a majority of the Incumbent Directors by written action, whether or
not unanimous, or may be delegated by specific action of the Board of Directors after the date hereof to any directorate committee
comprised solely of Incumbent Directors who are also Independent Directors.

 

(d)          “Cause”
shall mean, with respect to the Executive: (i) the willful and continued failure to substantially perform the Executive’s
duties and responsibilities for reasons

 

    	 

    	 

    

 

other than death or disability, after
a written demand for substantial performance is delivered to him by the Company which specifically identifies the manner in which
the Company believes that the Executive has not substantially performed the Executive’s duties, and Executive fails to promptly
and substantially cure his performance consistent with the written demand; (ii) the Executive’s conviction (or entry of a
plea bargain admitting criminal guilt) of any felony or a misdemeanor involving moral turpitude; (iii) intentional breach by the
Executive of his fiduciary obligations to the Company or any securities laws applicable to the Company for which Executive has
direct responsibility and of which he was not acting under instructions of the Board or under the belief, based on advice of Company
counsel, that his conduct was appropriate; or (iv) intentional wrongful engagement by the Executive in any Competitive Activity;
and, for purposes of this subsection (iv), any such act shall have been demonstrably and materially harmful to the Company. For
purposes of this Agreement, no act or failure to act on the part of the Executive will be deemed “intentional” if it
was due primarily to an error in judgment or negligence, but will be deemed “intentional” only if done or omitted to
be done by the Executive not in good faith and without reasonable belief that the Executive’s action or omission was in the
best interest of the Company.

 

(e)          “Change
in Control” means that during the Term any of the following events occurs, provided that the occurrence of such event constitutes
a “change in effective ownership or control” of the Company, as defined in Section 409A:

 

(i)          any
individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) (A)
is or becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of more than 35% of the
combined voting power of the then-outstanding Voting Stock of the Company or succeeds in having nominees as directors elected in
an “election contest” within the meaning of Rule 14a-12(c) under the Exchange Act and (B) within 18 months after either
such event, individuals who were members of the Board immediately prior to either such event cease to constitute a majority of
the members of the Board; or

 

(ii)         a
majority of the Board ceases to be comprised of Incumbent Directors; or

 

(iii)        the
consummation of a reorganization, merger, consolidation, plan of liquidation or dissolution, recapitalization or sale or other
disposition of all or substantially all of the assets of the Company or the acquisition of the stock or assets of another corporation,
or other transaction (each, a “Business Transaction”), unless, in any such case, (A) no Person (other than the Company,
any entity resulting from such Business Transaction or any employee benefit plan (or related trust) sponsored or maintained by
the Company, any Subsidiary or such entity resulting from such Business Transaction) beneficially owns, directly or indirectly,
35% or more of the combined voting power of the then-outstanding shares of Voting Stock of the entity resulting from such Business
Transaction or, if it is such entity, the Company and (B) at least one-half of the members of the Board of Directors of the entity
resulting from such Business Transaction were Incumbent

 

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Directors at the time of
the execution of the initial agreement providing for such Business Transaction.

 

(f)          “Code”
means the Internal Revenue Code of 1986, as amended.

 

(g)          “Competitive
Activity” means the Executive’s participation, without the written consent signed by an officer of the Company and
authorized by the Board, in the management of any business enterprise if (i) such enterprise engages in substantial and direct
competition with the Company and such enterprise’s sales of any product or service competitive with any product or service
of the Company amounted to 10% of such enterprise’s net sales for its most recently completed fiscal year and if the Company’s
net sales of said product or service amounted to 10% of the Company’s net sales for its most recently completed fiscal year
or (ii) the primary business done or intended to be done by such enterprise is in direct competition with the business of providing
facility services in any geographic market in which the Company operates. “Competitive Activity” will not include the
mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto, if such ownership is less than
5% of the outstanding voting securities or units of such enterprise.

 

(h)          “Employee
Benefits” means the benefits and service credit for benefits as provided under any and all employee retirement income and
welfare benefit policies, plans, programs or arrangements in which the Executive is entitled to participate, including without
limitation any stock option, performance share, performance unit, stock purchase, stock appreciation, savings, pension, supplemental
executive retirement, or other retirement income or welfare benefit, deferred compensation, incentive compensation, group or other
life, health, medical/hospital or other insurance (whether funded by actual insurance or self-insured by the Company or a Subsidiary),
disability, salary continuation, expense reimbursement and other employee benefit policies, plans, programs or arrangements that
may now exist or any equivalent successor policies, plans, programs or arrangements that may be adopted hereafter by the Company
or a Subsidiary, providing benefits and service credit for benefits at least as great in the aggregate as are payable thereunder
immediately prior to a Change in Control.

 

(i)          “ERISA”
means the Employee Retirement Income Security Act of 1976, as amended.

 

(j)          “Excess
Parachute Payment” means a payment that creates an obligation for Executive to pay excise taxes under Section 280G or 4999
of the Code or any successor provision thereto.

 

(k)          “Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

(l)          “Good
Reason” means the occurrence of one or more of the following events:

 

(i)          Failure
to elect or reelect or otherwise to maintain the Executive in the offices or the positions he had with the Company immediately
prior to a Change in Control, or in a substantially equivalent or better office or position than that which he had with the Company
immediately prior to the Change in Control,

 

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in either such case with
the Company, any legal successor to the Company or, if the Company merges with or into another entity with substantial operations,
with respect to the business of the Company and its Subsidiaries substantially as conducted immediately prior to the Change in
Control;

 

(ii)         Failure
of the Company to remedy any of the following within 30 calendar days after receipt by the Company of written notice thereof from
the Executive: (A) a significant adverse change in the nature or scope of the authorities, powers or functions attached to the
position which the Executive held immediately prior to the Change in Control, (B) a material reduction in the Executive’s
Base Pay, (C) a material reduction in the Executive’s Incentive Pay Opportunity or Incentive Pay Target, or (D) the termination
or denial of the Executive’s rights to material Employee Benefits or a material reduction in the scope or value thereof,
unless such termination or reduction referred to in clauses (B), (C) or (D) applies on a substantially similar basis to all
executives of the Company and the Company’s acquiror or successor, or such right is replaced with a right with a substantially
similar scope or value;

 

(iii)        The
liquidation, dissolution, merger, consolidation or reorganization of the Company or the transfer of all or substantially all of
its business and/or assets, unless the successor or successors (by liquidation, merger, consolidation, reorganization, transfer
or otherwise) to which all or substantially all of its business and/or assets have been transferred (by operation of law or otherwise)
assumed all duties and obligations of the Company under this Agreement pursuant to Section 11(a);

 

(iv)        If
the Executive’s principal residence at the time in question is within 35 miles of the Company’s headquarters or the
headquarters of the Subsidiary that is the Executive’s employer, the Company requires the Executive to have Executive’s
principal location of work changed to any location that is in excess of 50 miles from such residence without the Executive’s
prior written consent; or

 

(v)         Without
limiting the generality or effect of the foregoing, any material breach of this Agreement or any Other Employment Agreement (as
defined in Section 6) by the Company or any successor thereto which is not remedied by the Company within 10 calendar days after
receipt by the Company of written notice from the Executive of such breach.

 

A termination of employment
by the Executive for one of the reasons set forth in clauses (i) - (v), above, will not constitute “Good Reason”
unless, within the 60-day period immediately following the occurrence of such Good Reason event, the Executive has given written
notice to the Company specifying in reasonable detail the event or events relied upon for such termination and the Company has
not remedied such event or events within 30 days of the receipt of such notice. The Company and the Executive may mutually waive
in writing any of the foregoing provisions with respect to an event or events that otherwise would constitute Good Reason.

 

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(m)          “Incumbent
Directors” means the individuals who, as of the date hereof, are directors of the Company and any individual becoming a director
subsequent to the date hereof whose election, nomination for election by the Company’s shareholders or appointment was approved
by a vote of at least two-thirds of the then Incumbent Directors (either by a specific vote or by approval of the proxy statement
of the Company in which such person is named as a nominee for director, without objection to such nomination); provided, however,
that an individual shall not be an Incumbent Director if such individual’s election or appointment to the Board occurs as
a result of an actual or threatened election contest (as described in Rule 14a-12(c) of the Exchange Act) with respect to the election
or removal of Directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than
the Board.

 

(n)          “Incentive
Pay” means compensation payable under an Incentive Pay Plan in addition to Base Pay which is determined by reference to one
or more performance measures and which is payable in cash.

 

(o)          “Incentive
Pay Opportunity” means the maximum amount of Incentive Pay that the Executive would receive pursuant to any Incentive Pay
Plan in existence immediately prior to a Change in Control (disregarding the effects of the Change in Control, including without
limitation increased depreciation or amortization, financing expense and transaction costs), assuming satisfaction of all thresholds
or other conditions thereto established (i) prior to the Change in Control or (ii) after the Change in Control either (A) with
the Executive’s specific prior written approval or (B) by action of a committee of the Board comprised solely of Independent
Directors.

 

(p)          “Incentive
Pay Plan” means any plan, program, agreement or arrangement (excluding employee stock options, restricted stock, restricted
stock units, performance shares or other rights the value of which is determined by reference to the value of the Company’s
common stock).

 

(q)          “Incentive
Pay Target” means the amount or value of Incentive Pay the Executive would have received assuming that the Incentive Pay
Plans in effect immediately prior to the Change in Control continue unchanged and are satisfied at the target level and, if applicable,
any conditions to entitlement to payment at the target level thereunder that are not measured by the Company’s results of
operation are satisfied at the target level.

 

(r)          “Independent
Directors” means directors who qualify as “independent” directors under then-applicable New York Stock Exchange
rules applicable to compensation committees (whether or not the Company’s securities continue to be listed for trading thereon).

 

(s)          “Other
Agreement” means an agreement, contract or understanding (including any option or equity plan or agreement) other than this
Agreement, heretofore or hereafter entered into by the Executive with the Company or any Subsidiary.

 

(t)          “Retirement
Plans” means the benefit plans of the Company that are intended to be qualified under Section 401(a) of the Code and any
supplemental executive retirement benefit plan or any other plan that is a successor thereto as such Retirement Plans were

 

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in effect immediately prior to the
Change in Control and if the Executive was a participant in such Retirement Plan immediately prior to the Change in Control.

 

(u)          Section
409A means Section 409A of the Code, and the regulations and guidance promulgated thereunder, or any successor statute.

 

(v)         “Severance
Period” means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until
the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

 

(w)          “Subsidiary”
means an entity in which the Company directly or indirectly beneficially owns 50% or more of the outstanding voting interests.

 

(x)          “Term”
means the period commencing as of the date hereof and expiring on the close of business on October 31, 2017; provided, however,
that (i) if a Change in Control occurs during the Term, the Term will expire on the last day of the Severance Period; and (ii)
subject to Section 3(c), if, prior to a Change in Control, the Executive ceases for any reason to be a full-time employee of the
Company, thereupon without further action the Term shall be deemed to have expired and this Agreement will immediately terminate
and be of no further effect.

 

(y)          “Termination
Date” means the date on which the Executive’s employment is terminated (the effective date of which will be the date
of termination, or such other date that may be specified by the Executive if the termination is pursuant to Section 3(b)); provided
such date constitutes the date of the Executive's "separation from service" as defined in Section 409A.

 

(z)          “Voting
Stock” means securities entitled to vote generally in the election of directors.

 

(aa)         “Welfare
Benefits” means Employee Benefits that are provided under any “welfare plan” (within the meaning of Section 3(1)
of ERISA) of the Company, and fringe benefits and other perquisites of employment, such as car allowances, club dues, financial
planning and product discounts.

 

2.         Operation
of Agreement. This Agreement will be effective and binding immediately upon its execution, but, anything in this Agreement
to the contrary notwithstanding, this Agreement will not be operative unless and until a Change in Control occurs. Upon the occurrence
of a Change in Control at any time during the Term, without further action, this Agreement will become immediately operative.

 

3.         Termination
Following a Change in Control. (a) In the event of the occurrence of a Change in Control, the Executive’s employment
may be terminated by the Company during the Severance Period and the Executive will be entitled to the benefits provided by Section
4 unless such termination is the result of the occurrence of one or more of the following events:

 

(i)          the
Executive’s death;

 

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(ii)         the
Executive becomes permanently disabled within the meaning of, and begins actually to receive disability benefits pursuant to, the
long-term disability plan in effect for, or applicable to, the Executive immediately prior to the Change in Control; or

 

(iii)        Cause.

 

If, during the Severance Period,
the Executive’s employment is terminated by the Company other than pursuant to Section 3(a)(i), 3(a)(ii) or 3(a)(iii), the
Executive will be entitled to the benefits provided by Section 4, provided that such termination constitutes a “separation
from service” as defined in Section 409A.

 

(b)          In
the event of the occurrence of a Change in Control, the Executive may terminate employment with the Company during the Severance
Period for Good Reason with the right to severance compensation as provided in Section 4 regardless of whether any other reason,
other than Cause, for such termination exists or has occurred, including without limitation other employment or permanent disability.

 

(c)          Nothing
in this Agreement will (i) be construed as creating an express or implied contract of employment, changing the status of Executive
as an employee at will, giving the Executive any right to be retained in the employ of the Company, or giving the Executive the
right to any particular level of compensation or benefits or (ii) interfere in any way with the right of the Company to terminate
the employment of the Executive at any time with or without Cause, subject in either case to the obligations of the Company under
this Agreement.

 

4.         Severance
Compensation. (a) If, following the occurrence of a Change in Control, the Company terminates the Executive’s employment
during the Severance Period other than pursuant to Section 3(a)(i), 3(a)(ii) or 3(a)(iii), or if the Executive terminates Executive’s
employment pursuant to Section 3(b) (in either case, any such termination, a “Triggering Termination”), and provided
that such Triggering Termination constitutes a “separation from service” as defined in Section 409A, the Company will
pay to the Executive the amounts described in Annex A within five business days after the Termination Date (subject to the provisions
of Section 4(d) of this Agreement) and will continue to provide to the Executive the benefits described in Annex A for the periods
described therein.

 

(b)          Without
limiting the rights of the Executive at law or in equity, if the Company fails to make any payment or provide any benefit required
to be made or provided hereunder on a timely basis, the Company will pay interest on the amount or value thereof at an annualized
rate of interest equal to the “prime rate” as set forth from time to time during the relevant period in The Wall Street
Journal “Money Rates” column, plus 200 basis points, compounded monthly, or, if less, the maximum rate legally allowed.
Such interest will be payable as it accrues on demand. Any change in such prime rate will be effective on and as of the date of
such change.

 

(c)          Unless
otherwise expressly provided by the applicable plan, program or agreement, after the occurrence of a Change in Control, the Company
will pay in cash

 

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to the Executive a lump sum amount equal to the sum
of (i) any unpaid Incentive Pay that has been earned, accrued, allocated or awarded to the Executive for any performance period
that by its terms as in effect prior to a Triggering Termination has been completed (any such period, a “Completed Performance
Period”) (regardless of whether payment of such compensation would otherwise be contingent on the continuing performance
of services by the Executive) and (ii) the Pro Rata Portion of the Incentive Pay Target in effect for any subsequent performance
period. For this purpose, “Pro Rata Portion” means (x) the number of days from and including the first day immediately
following the last day of the immediately preceding Completed Performance Period to and including the Termination Date, divided
by (y) the total number of days in such subsequent performance period. Such payments will be made at the earlier of (x) the date
prescribed for payment pursuant to the applicable plan, program or agreement and (y) within five business days after the Termination
Date, and will be payable and calculated disregarding any otherwise applicable vesting requirements.

 

(d)          To
the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A, amounts that would otherwise
be payable and benefits that would otherwise be provided pursuant to this Agreement during the six-month period immediately following
the Executive’s termination of employment shall instead be paid on the first business day after the date that is six months
following the Executive’s termination of employment (or upon the Executive’s death, if earlier). In addition, for purposes
of this Agreement, each amount to be paid or benefit to be provided shall be construed as a separate identified payment for purposes
of Section 409A, and any payments described in Annex A that are due within the “short term deferral period” as defined
in Section 409A shall not be treated as deferred compensation unless applicable law requires otherwise.

 

5.         Limitations
on Payments and Benefits. Notwithstanding any provision of this Agreement or any Other Agreement to the contrary, if any amount
or benefit to be paid or provided under this Agreement or any Other Agreement would be an Excess Parachute Payment (including after
taking into account the value, to the maximum extent permitted by Section 280G of the Code, of the covenants in Section 8 hereof),
but for the application of this sentence, then the payments and benefits to be paid or provided under this Agreement and any Other
Agreement will be reduced to the minimum extent necessary (but in no event to less than zero) so that no portion of any such payment
or benefit, as so reduced, constitutes an Excess Parachute Payment; provided, however, that the foregoing reduction will not be
made if such reduction would result in the Executive receiving an After-Tax Amount less than 90% of the After-Tax Amount of the
severance payments he or she would have received under Section 4 or under any Other Agreement without regard to this clause. Whether
requested by the Executive or the Company, the determination of whether any reduction in such payments or benefits to be provided
under this Agreement or otherwise is required pursuant to the preceding sentence, and the value to be assigned to the Executive’s
covenants in Section 8 hereof for purposes of determining the amount, if any, of the Excess Parachute Payment will be made at the
expense of the Company by the Company’s independent accountants or benefits consultant. The fact that the Executive’s
right to payments or benefits may be reduced by reason of the limitations contained in this Section 5 will not of itself limit
or otherwise affect any other rights of the Executive pursuant to this Agreement or any Other Agreement. In the event that any
payment or benefit intended to be provided is required to be reduced pursuant to this Section 5, the Executive will be entitled
to designate the payments and/or

 

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benefits to be so reduced in order
to give effect to this Section 5, to the extent that the payment or benefit does not constitute deferred compensation within the
meaning of Section 409A. The Company will provide the Executive with all information reasonably requested by the Executive to permit
the Executive to make such designation.

 

6.         No
Mitigation Obligation; Other Agreements. (a) The Company hereby acknowledges that it will be difficult and may be impossible
for the Executive to find reasonably comparable employment following the Termination Date. Accordingly, the payment of the severance
compensation by the Company to the Executive in accordance with the terms of this Agreement is hereby acknowledged by the Company
to be reasonable, and the Executive will not be required to mitigate the amount of any payment provided for in this Agreement by
seeking other employment or otherwise, nor will any profits, income, earnings or other benefits from any source whatsoever create
any mitigation, offset, reduction or any other obligation on the part of the Executive hereunder or otherwise, except as expressly
provided in Paragraph 2(E) of Annex A.

 

(b)          A
termination of employment pursuant to Section 3(a), 3(b) or 3(c) will not affect any rights that the Executive may have pursuant
to any agreement, policy, plan, program or arrangement of the Company or Subsidiary providing Employee Benefits, which rights will
be governed by the terms thereof. To the extent that the Executive receives payments by reason of his or her termination of employment
pursuant to any other employment or severance agreement or employee plan (collectively, “Other Employment Agreements”),
the amounts otherwise receivable under Section 4 will be reduced by the amounts actually paid pursuant to the Other Employment
Agreements, but not below zero, to avoid duplication of payments so that the total amount payable or value of benefits receivable
hereunder and under the Other Employment Agreements is not less than the amounts so payable or value so receivable had such benefits
been paid in full hereunder.

 

7.         Legal
Fees and Expenses. It is the intent of the Company that the Executive not be required to incur legal fees and the related expenses
associated with the interpretation, enforcement or defense of the Executive’s rights in connection with any dispute arising
under this Agreement because the cost and expense thereof would substantially detract from the benefits intended to be extended
to the Executive hereunder. Accordingly, if it should appear to the Executive that the Company has failed to comply with any of
its obligations under this Agreement or in the event that the Company or any other person takes or threatens to take any action
to declare this Agreement void or unenforceable, or institutes any proceeding designed to deny, or to recover from, the Executive
the benefits provided or intended to be provided to the Executive hereunder, the Company irrevocably authorizes the Executive from
time to time to retain counsel of the Executive’s choice, at the expense of the Company as hereafter provided, to advise
and represent the Executive in connection with any such dispute or proceeding. Without respect to whether the Executive prevails,
in whole or in part, in connection with any of the foregoing, the Company will pay and be solely financially responsible for any
and all reasonable attorneys’ and related fees and expenses incurred by the Executive in connection with any of the foregoing;
provided that, in regard to such matters, the Executive has not acted in bad faith. The Executive shall promptly submit a written
request for reimbursement of such expenses, but in no event later than ninety days following the date on which such expenses were
incurred, accompanied by such evidence of fees and expenses incurred as the Company may reasonably require, and such reimbursements
will be made within thirty business days after delivery of the Executive’s written requests for payment.

 

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8.         Competitive
Activity; Confidentiality; Nonsolicitation. (a) For the period following the Termination Date specified in Paragraph (3) of
Annex A (the “Non-Competition Period”), subject to the Executive’s receipt of benefits under Section 4, the Executive
will not, without the prior written consent of the Company, which consent will not be unreasonably withheld, engage in any Competitive
Activity.

 

(b)          During
the Term, the Company agrees that it will disclose to the Executive its confidential or proprietary information (as defined in
this Section 8(b)) to the extent necessary for the Executive to carry out the Executive’s obligations to the Company. The
Executive hereby covenants and agrees that the Executive will not, without the prior written consent of the Company, during the
Term and two years thereafter disclose to any person not employed by the Company, or use in connection with engaging in competition
with the Company, any confidential or proprietary information of the Company. For purposes of this Agreement, the term “confidential
or proprietary information” will include all information of any nature and in any form that is owned by the Company and that
is not publicly available (other than by the Executive’s breach of this Section 8(b)) or generally known to persons engaged
in businesses similar or related to those of the Company. Confidential or proprietary information will include, without limitation,
the Company’s financial matters, customers, employees, industry contracts, strategic business plans, product development
(or other proprietary product data), marketing plans, and all other secrets and all other information of a confidential or proprietary
nature. For purposes of the preceding two sentences, the term “Company” will also include any Subsidiary (collectively,
the “Restricted Group”). The obligations imposed by this Section 8(b) will not apply (i) during the Term, in the course
of the business of and for the benefit of the Company, (ii) if such confidential or proprietary information has become, through
no fault of the Executive, generally known to the public or (iii) if the Executive is required by law to make disclosure (after
giving the Company notice and an opportunity to contest such requirement).

 

(c)          The
Executive hereby covenants and agrees that for a period ending one year after the Termination Date the Executive will not, without
the prior written consent of the Company, which consent will not unreasonably be withheld as to the Executive’s personal
assistant, on behalf of the Executive or on behalf of any person, firm or company, directly or indirectly, attempt to influence,
persuade or induce, or assist any other person in so persuading or inducing, any employee of the Restricted Group to give up, or
to not commence, employment or a business relationship with the Restricted Group.

 

(d)          The
Executive and the Company agree that the covenants contained in this Section 8 are reasonable under the circumstances and subject
to the provisions of Section 14 of this Agreement. The Executive acknowledges and agrees that the remedy at law available
to the Company for breach of any of the Executive’s obligations under this Section 8 would be inadequate and that damages
flowing from such a breach may not readily be susceptible to being measured in monetary terms. Accordingly, the Executive acknowledges,
consents and agrees that, in addition to any other rights or remedies that the Company may have at law, in equity or under this
Agreement, upon adequate proof of the Executive’s violation of any such provision of this Agreement, the Company will be
entitled to immediate injunctive relief and may obtain a temporary order restraining any threatened or further breach, without
the necessity of proof of actual damage.

 

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9.         Employment
Rights. Nothing expressed or implied in this Agreement will create any right or duty on the part of the Company or the Executive
to have the Executive remain in the employment of the Company or any Subsidiary prior to or following any Change in Control.

 

10.        Withholding
of Taxes. The Company may withhold from any amounts payable under this Agreement all federal, state, city or other taxes as
the Company is required to withhold pursuant to any applicable law, regulation or ruling.

 

11.        Successors
and Binding Agreement. (a) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation,
reorganization or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance
reasonably satisfactory to the Executive, expressly to assume and agree to perform this Agreement in the same manner and to the
same extent the Company would be required to perform if no such succession had taken place. This Agreement will be binding upon
the Company and any successor to the Company, including without limitation any persons acquiring directly or indirectly all or
substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise
(and such successor will thereafter be deemed the “Company” for the purposes of this Agreement), but will not otherwise
be assignable, transferable or delegable by the Company.

 

(b)          This
Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors,
administrators, successors, heirs, distributees and legatees.

 

(c)          This
Agreement is personal in nature and neither of the parties hereto will, without the consent of the other (except as required by
a court order), assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided
in Sections 11(a) and 11(b). Without limiting the generality or effect of the foregoing, the Executive’s right to receive
payments hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security interest, or otherwise,
other than by a transfer by the Executive’s will or by the laws of descent and distribution and, in the event of any attempted
assignment or transfer contrary to this Section 11(c), the Company will have no liability to pay any amount so attempted to be
assigned, transferred or delegated.

 

12.        Notices.
For all purposes of this Agreement, all communications, including without limitation notices, consents, requests or approvals,
required or permitted to be given hereunder will be in writing and will be deemed to have been duly given when hand delivered or
dispatched by electronic facsimile transmission (with receipt thereof orally confirmed), or five business days after having been
mailed by United States registered or certified mail, return receipt requested, postage prepaid, or three business days after having
been sent by a nationally recognized overnight courier service such as FedEx or UPS, addressed to the Company (to the attention
of the Secretary of the Company) at its principal executive office and to the Executive at the Executive’s principal residence,
or to such other address as any party may have furnished to the other in writing and in accordance herewith, except that notices
of changes of address will be effective only upon receipt.

 

    	11

    	 

    

 

13.         Governing
Law. The validity, interpretation, construction and performance of this Agreement will be governed by and construed in accordance
with the substantive laws of the State of Delaware and federal law, without giving effect to the principles of conflict of laws
of such State, except as expressly provided herein. In the event the Company exercises its discretion under Section 8(d) to bring
an action to enforce the covenants contained in Section 8 in a court of competent jurisdiction where the Executive has breached
or threatened to breach such covenants, and in no other event, the parties agree that the court may apply the law of the jurisdiction
in which such action is pending in order to enforce the covenants to the fullest extent permissible.

 

14.         Validity.
If any provision of this Agreement or the application of any provision hereof to any person or circumstance is held invalid, unenforceable
or otherwise illegal, including without limitation Section 8 hereof, the remainder of this Agreement and the application of such
provision to any other person or circumstance will not be affected, and the provision so held to be invalid, unenforceable or otherwise
illegal will be reformed to the extent (and only to the extent) necessary to make it enforceable, valid or legal. If any covenant
in Section 8 should be deemed invalid, illegal or unenforceable because its time, geographical area, or restricted activity, is
considered excessive, such covenant will be modified to the minimum extent necessary to render the modified covenant valid, legal
and enforceable.

 

15.         Miscellaneous.
No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to
in writing signed by the Executive and the Company. No waiver by either party hereto at any time of any breach by the other party
hereto or compliance with any condition or provision of this Agreement to be performed by such other party will be deemed a waiver
of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations,
oral or otherwise, expressed or implied with respect to the subject matter hereof have been made by either party that are not set
forth expressly in this Agreement. The headings used in this Agreement are intended for convenience or reference only and will
not in any manner amplify, limit, modify or otherwise be used in the construction or interpretation of any provision of this Agreement.
References to Sections are to Sections of this Agreement. References to Paragraphs are to Paragraphs of an Annex to this Agreement.
Any reference in this Agreement to a provision of a statute, rule or regulation will also include any successor provision thereto.

 

16.         Survival.
Notwithstanding any provision of this Agreement to the contrary, the parties’ respective rights and obligations under Sections
3(b), 3(c), 4, 5, 7, 8, 9, 10, 11(b), 16 and 18 will survive any termination or expiration of this Agreement or the termination
of the Executive’s employment following a Change in Control for any reason whatsoever.

 

17.         Beneficiaries.
The Executive will be entitled to select (and change, to the extent permitted under any applicable law) a beneficiary or beneficiaries
to receive any compensation or benefit payable hereunder following the Executive’s death, and may change such election, in
either case by giving the Company written notice thereof in accordance with Section 12. In the event of the Executive’s death
or a judicial determination of the Executive’s incompetence, reference in this Agreement to the “Executive” will
be deemed, where appropriate, to the Executive’s beneficiary, estate or other legal representative.

 

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18.         Counterparts.
This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original but all of which together
will constitute one and the same agreement.

 

19.         Section
409A. To the extent applicable, it is intended that this Agreement comply with the provisions of Section 409A. This Agreement
will be administered in a manner consistent with this intent, and any provision that would cause the Agreement to fail to satisfy
Section 409A will have no force and effect until amended to comply with Section 409A (which amendment may be retroactive to the
extent permitted by Section 409A and may be made by the Company without the consent of the Executive). Prior to any Change in Control,
the Company and the Executive will agree to any amendment of this Agreement approved by the Board based on the advice of a nationally
recognized law firm designated by the Board that such amendment, if implemented, is or is reasonably likely to reduce any adverse
effect on the Company or the Executive of any rule, regulation or IRS interpretation of Section 409A and that such firm is recommending
similar changes or provisions to its other clients that have change-in-control, severance or employment agreements or plans.

 

    	13

    	 

    

 

EXECUTION COPY

 

IN WITNESS WHEREOF, the
parties have caused this Agreement to be duly executed and delivered as of the date last written below.

 

	 	EXECUTIVE:  SCOTT SALMIRS
	 	 	 
	 	Signature:  	/s/ Scott Salmirs
	 	 	 
	 	Date: 	 	January 12, 2015
	 	 	 	 
	 	ABM INDUSTRIES INCORPORATED 
	 	 
	 	By:  Sudhakar Kesavan
	 	 
	 	Title:  Chair of the Compensation Committee
	 	 	 
	 	Signature:  	/s/ Sudhakar Kesavan
	 	 	 
	 	Date: 	 	January 12, 2015

 

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Annex A

SEVERANCE COMPENSATION,
ETC.

 

1.         A
lump sum payment in an amount equal to 2.5 times the sum of (A) Base Pay (at the rate in effect for the year in which the Termination
Date occurs), plus (B) Incentive Pay Target (or, if the Incentive Pay Target shall not have been established or shall be reduced
after a Change in Control, the highest aggregate Incentive Pay Target as in effect for any of the three fiscal years immediately
preceding the year in which the Change in Control occurred).

 

2.(A)    For any Welfare Benefits
that the Executive was receiving or entitled to receive immediately prior to the Termination Date (or, if greater, immediately
prior to the reduction, termination or denial described in Section 1(l)(ii)) that are considered to be “reimbursement arrangements”
covered under Section 1.409A-1(b)(9)(v)(A) of the Code:

 

(i)          for
a period of 18 months following the Termination Date (the “Continuation Period”), the Company will arrange to provide
the Executive with Welfare Benefits substantially similar to those that the Executive was receiving or entitled to receive immediately
prior to the Termination Date (or, if greater, immediately prior to the reduction, termination, or denial described in Section
1(l)(ii)) except that the level of any such Welfare Benefits to be provided to the Executive may be reduced in the event of a corresponding
reduction generally applicable to all similarly situated recipients of or participants in such Welfare Benefits. If and to the
extent that any benefit described in this Paragraph 2 is not or cannot be paid or provided under any policy, plan, program or arrangement
of the Company or any Subsidiary, as the case may be, then the Company will itself pay or provide for the payment to the Executive,
or the Executive’s dependents and beneficiaries, of such Welfare Benefits along with, in the case of any benefit described
in this Paragraph 2 that is subject to tax because it is not or cannot be paid or provided under any such policy, plan, program
or arrangement of the Company or any Subsidiary, an additional amount such that after payment by the Executive, or the Executive’s
dependents or beneficiaries, as the case may be, of all taxes so imposed, the recipient retains an amount equal to such taxes.
Such tax payment will be made to the Executive by the Company no later than December 31st of the year in which the Executive remits
such tax payments to the appropriate taxing authorities.

 

(ii)         the
Company will pay to the Executive, in a lump sum within the time period described in Section 4(a), an amount equal to the difference
between (1) the present value of the continuation of such benefits for 18 months and (2) the present value of the benefits the
Executive will receive under Paragraph 2(A)(i).

 

(B)         Notwithstanding
the foregoing, or any other provision of the Agreement, for purposes of determining the period of continuation coverage to which
the Executive or any of the Executive’s dependents is entitled pursuant to Section 4980B of the Code under the Company’s
medical, dental and other group health plans, or successor plans, the Executive’s “qualifying event” will be
the termination of the Continuation Period and the Executive will be considered to have remained actively employed on a full-time
basis through that date, provided, however, that (1) with respect to health benefits the continuation period will in all events
terminate on the 18-

 

    	15

    	 

    

 

month anniversary of the Termination Date as so determined and (2) the Company
will pay, or reimburse the Executive for, all COBRA continuation costs during such period.

 

(C)         For
purposes of the immediately preceding sentence and for purposes of calculating service or age to determine the Executive’s
eligibility for Welfare Benefits, including benefits under any retiree medical benefits or life insurance plan or policy, the Executive
will be considered to have remained actively employed on a full-time basis through the termination of the Continuation Period.

 

(D)         For
any Welfare Benefits that the Executive was receiving or entitled to receive immediately prior to the Termination Date (or, if
greater, immediately prior to the reduction, termination, or denial described in Section 1(l)(ii)) that are not considered to be
“reimbursement arrangements” covered under Section 1.409A-1(b)(9)(v)(A) of the Code, the Company shall pay to the Executive,
within the time period described in Section 4(a), in a lump sum, an amount equal to the present value of the continuation of such
benefits for 18 months following the Termination Date.

 

(E)         Welfare
Benefits otherwise receivable by the Executive pursuant to this Paragraph 2 will be reduced to the extent comparable Welfare Benefits
are actually received by the Executive from another employer during the Continuation Period following the Executive’s Termination
Date, and any such Welfare Benefits actually received by the Executive will be reported by the Executive to the Company.

 

3.           The
Non-Competition Period contemplated by Section 8(a) will be 12 months from the Termination Date.

 

    	16Exhibit 10.4

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”)
is effective January __, 2015, (“Effective Date”) by and between [                                   ]
(“Executive”) and ABM Industries Incorporated, a Delaware corporation (“Company” or “ABM”).

 

		1.	EMPLOYMENT.  In consideration of the terms and commitments contained in this Agreement,
Executive agrees to and acknowledges the following:

 

		2.	TERM, RESPONSIBILITIES AND TITLE.  The term of this Agreement shall be from the
Effective Date through: (i) October 31, 2017; or (ii) the date upon which Executive’s employment is terminated in accordance
with Section 6 (the “Term”). Executive shall assume and perform such duties, functions and responsibilities relating
to Executive’s employment with Company as may be assigned from time to time by Company.  Executive’s title
shall be Executive Vice President and President, Onsite Services of Company, subject to modification as determined by Company’s
Board of Directors (“Board”).

 

		3.	COMPENSATION.  

 

		3.1	SALARY, BONUS, AND INCENTIVE PLAN PARTICIPATION.  Company agrees to compensate Executive,
and Executive agrees to accept as compensation in full, a base salary, less applicable state and federal withholdings, paid according
to Company’s standard payroll practices.  Executive will also be eligible for short-term discretionary incentive
awards pursuant to the terms of the Performance Incentive Program or any applicable successor program (“Bonus”), subject
to the terms and conditions of the applicable program. Further, Executive is eligible to receive awards under the 2006 Equity Incentive
Plan, as amended and restated, or any applicable successor plan, subject to the terms and conditions of the applicable plan and
as determined by Company in its discretion.  

 

		3.2	POST-EMPLOYMENT HEALTH INSURANCE ASSISTANCE.  Subject to Section 409A as set forth in
Appendix B, upon the termination of Executive’s employment for any reason (other than for Cause by Company, as defined below
in Section 6.2) and concluding no later than 9 years after such termination, ABM, upon termination of Executive’s employment,
on each anniversary of such date thereafter, and concluding with the ninth anniversary of such date, shall pay Executive $10,000
per year to assist Executive in purchasing health insurance for Executive and his spouse. In the event that Executive dies prior
to the expiration of such ten-year period, ABM shall pay Executive’s surviving spouse $10,000 per year, as described above,
until the first to occur of (i) the death of Executive’s spouse or (ii) the end of the ten-year period.  This post-employment
health insurance assistance shall be paid to Executive in addition to Severance Benefits (if any) or any other post-employment
payment or benefits expressly provided for in this Agreement.

 

    	 

    	 

    

 

		4.	COMPLIANCE WITH LAWS AND POLICIES.  Executive shall dedicate his/her full business
time and attention to the performance of duties hereunder, perform his/her duties in good faith and to a professional standard,
and fully comply with all laws and regulations pertaining to the performance of his/her responsibilities, all ethical rules, ABM’s
Code of Business Conduct and Ethics, ABM’s Recoupment Policy as well as any and all of policies, procedures and instructions
of Company.

 

5.
 RESTRICTIVE COVENANTS.   In consideration of the compensation, contract term, potential Severance
Benefits, other post-termination payments, continued employment provided by Company, as well as the access Company will provide
Executive to its Confidential Information, as defined below, and current and prospective customers, all as necessary for the performance
of Executive’s duties hereunder, Executive hereby agrees to the following during Executive’s employment and thereafter
as provided:

 

		5.1	CONFIDENTIAL INFORMATION DEFINED. Confidential Information
includes but is not limited to: (i) Company and its subsidiary companies’ trade secrets, know-how, ideas, applications, systems,
processes and other confidential information which is not generally known to and/or readily ascertainable through proper means
by the general public; (ii) plans for business development, marketing, business plans and strategies, budgets and financial statements
of any kind, costs and suppliers, including methods, policies, procedures, practices, devices and other means used by Company and
its subsidiaries in the operation of its business, pricing plans and strategies, as well as information about Company and affiliated
entity pricing structures and fees, unpublished financial information, contract provisions, training materials, profit margins
and bid information; (iii) information regarding the skills, abilities, performance and compensation of other employees of Company
or its subsidiaries, or of the employees of any company that contracts to provide services to Company or its subsidiaries; (iv)
information of third parties to which Executive had access by virtue of Executive’s employment, including, but not limited
to information on customers, prospective customers, and/or vendors, including current or prospective customers’ names, contact
information, organizational structure(s), and their representatives responsible for considering the entry or entering into agreements
for those services, and/or products provided by Company and its subsidiaries; customer leads or referrals; customer preferences,
needs, and requirements (including customer likes and dislikes, as well as supply and staffing requirements) and the manner in
which they have been met by Company or its subsidiaries; customer billing procedures, credit limits and payment practices, and
customer information with respect to contract and relationship terms and conditions, pricing, costs, profits, sales, markets, plans
for future business and other development; purchasing techniques, supplier lists; (v) information contained in Company’s
LCMS database, JDE , LMS or similar systems; and/or (vi) any and all information related to past, current or future acquisitions
between Company or Company-affiliated entities including information used or relied upon for said acquisition (“Confidential
Information”).

 

    	2

    	 

    

 

		5.2	NON-DISCLOSURE.  Company and Executive acknowledge and agree that Company has invested
significant effort, time and expense to develop its Confidential Information.  Except in the proper performance of this
Agreement, Executive agrees to hold all Confidential Information in the strictest confidence, and to refrain from making any unauthorized
use or disclosure of such information both during Executive’s employment and at all times thereafter. Except in the proper
performance of this Agreement, Executive shall not directly or indirectly disclose, reveal, transfer or deliver to any other person
or business, any Confidential Information which was obtained directly or indirectly by Executive from, or for, Company or its subsidiaries
or by virtue of Executive’s employment. This Confidential Information has unique value to Company and its subsidiaries, is
not generally known or readily available by proper means to their competitors or the general public, and could only be developed
by others after investing significant effort, time, and expense.  Executive understands that Company or its subsidiaries
would not make such Confidential Information available to Executive unless Company was assured that all such Confidential Information
will be held in trust and confidence in accordance with this Agreement and applicable law.  Executive hereby acknowledges
and agrees to use this Confidential Information solely for the benefit of Company and its affiliated entities.

 

		5.3	NON-SOLICITATION OF EMPLOYEES.  Executive acknowledges and agrees that Company has developed
its work force as the result of its investment of substantial time, effort, and expense.  During the course and solely
as a result of Executive’s employment with Company, Executive will come into contact with officers, directors, employees,
and/or independent contractors of Company and affiliated-entities, develop relationships with and acquire information regarding
their knowledge, skills, abilities, salaries, commissions, benefits, and/or other matters that are not generally known to the public.  Executive
further acknowledges and agrees that hiring, recruiting, soliciting, or inducing the termination of such individuals will cause
increased expenses and a loss of business.  Accordingly, Executive agrees that while employed by Company and for a period
of twelve months following the termination of Executive’s employment (whether termination is voluntary or involuntary), Executive
will not directly or indirectly solicit, hire, recruit or otherwise encourage, assist in or arrange for any officer, director,
employee, and/or independent contractor to terminate his/her business relationship with Company or any other Company-affiliated
entity except in the proper performance of this Agreement. This prohibition against solicitation shall include but not be limited
to: (i) identifying to other companies or their agents, recruiting or staffing firms, or other third parties Company officers,
directors, employees, or independent contractors who have specialized knowledge concerning Company’s business, operations,
processes, methods, or other confidential affairs or who have contacts, experience, or relationships with particular customers;
(ii) disclosing or commenting to other companies or their agents, recruiting or staffing firms, or other third parties regarding
the quality or quantity of work, specialized knowledge, or personal characteristics of any person still engaged by Company or any
other Company-affiliated entity; and (iii) providing such information to prospective

 

    	3

    	 

    

 

			companies or their agents, recruiting or staffing firms, or other third parties preceding possible
engagement.

 

		5.4	NON-SOLICITATION OF CUSTOMERS.  Executive acknowledges and agrees that Company and its
subsidiaries have identified, solicited, and developed their customers and developed customer relationships as the result of their
investment of significant time, effort, and expense and that Company has a legitimate business interest in protecting these relationships.  Executive
further acknowledges that Executive would not have been privy to these relationships were it not for Executive’s employment
by Company.  Executive further acknowledges and agrees that the loss of such customers and clients would damage Company
and potentially cause Company great and irreparable harm. Consequently, Executive covenants and agrees that during and for twelve
months following the termination of Executive’s employment with Company (whether such termination is voluntary or involuntary),
Executive shall not, directly or indirectly, for the benefit of any person or entity other than Company, attempt to seek, seek,
attempt to solicit, solicit, or accept work from any customer, client or active customer prospect: (i) with whom Executive developed
a relationship while employed by Company or otherwise obtained Confidential Information about for the purpose of diverting business
from Company or an affiliated entity; and (ii) that is located in a state or foreign country in which: (a) the Executive performed
work, services, or engaged in business activity on behalf of Company within the twelve-month period preceding the effective date
of Executive’s termination of employment; and/or (b) where Company has business operations and Executive was provided Confidential
Information regarding Company’s business activities in those territories within the twelve-month period preceding the effective
date of Executive’s termination of employment.  This Section 5.4 shall not apply if the State of Employment is
California.

 

		5.5	POST EMPLOYMENT COMPETITION. Executive agrees that while employed by Company and for a period of
twelve months following Executive’s termination of employment (whether such termination is voluntary or involuntary), Executive
shall not work, perform services for, or engage in any business, enterprise, or operation that engages in a Competing Business
(as defined below) in a Restricted Territory (as defined below).  For purposes of this Agreement, “Competing Business”
means the provision of any goods, products, or services that are the same or substantially similar to those provided by Company,
or any Company-affiliated entity of which Executive had Confidential Information, in the twelve month period preceding the effective
date of Executive’s termination of employment.  Executive acknowledges that Company and its subsidiaries are engaged
in business in various states throughout the U.S. and various international locations. Accordingly, and in view of the nature of
Executive’s nationwide position and responsibilities, “Restricted Territory” as used herein means each state
and each foreign country: (i) in which Executive performed work, services, or engaged in business activity on behalf of Company
within the twelve-month period preceding the effective date of Executive’s termination of employment; and/or (ii) where Company
has business

 

    	4

    	 

    

 

			operations and Executive was provided Confidential Information regarding Company’s business
activities in those territories within the twelve-month period preceding the effective date of Executive’s termination of
employment. The restrictions in Section 5.5 shall only apply if, within the twelve month period prior to the effective date of
Executive’s termination, Executive was employed by Company to perform sales, marketing, and/or operational activities, or
was directly involved in corporate development and strategy (i.e. mergers, acquisitions, divestitures and/or other corporate strategic
initiatives) for Company or its subsidiaries/affiliates. Further, Section 5.5 shall not apply if the State of Employment is California.

 

		5.6	NON-DISPARAGEMENT.  Following the severance of Executive’s employment for any reason,
Executive agrees not to make any statement or take any action which disparages, defames, or places in a negative light Company,
Company-affiliated entities, or its or their reputation, goodwill, commercial interests or past and present officers, directors
and employees.

 

		5.7	CREATIONS.  The terms and conditions set forth in Appendix A attached hereto are
hereby incorporated by reference as though fully set forth herein.

 

		5.8	CONFIDENTIAL INFORMATION OF OTHERS.  Executive will not use, disclose to Company
or induce Company to use any legally protected confidential, proprietary or trade secret information or material belonging to others
which comes into Executive’s knowledge or possession at any time, nor will Executive use any such legally protected information
or material in the course of Executive’s employment with Company.  Executive has no other agreements or relationships
with or commitments to any other person or entity that conflicts with Executive’s obligations to Company as an employee of
Company or under this Agreement, and Executive represents that Executive’s employment will not require Executive to violate
any legal obligations to any third-party.  In the event Executive believes that Executive’s work at Company would
make it difficult for Executive not to disclose to Company any legally protected confidential, proprietary or trade secret information
or materials belonging to others, Executive will immediately inform Company’s Senior Vice President of Human Resources.  Executive
has not entered into, and Executive agrees Executive will not enter into, any oral or written agreement in conflict with this Agreement.

 

		5.9	COOPERATION WITH LEGAL MATTERS.  During Executive’s employment with Company and
thereafter, Executive shall cooperate with Company and any Company-affiliated entity in its or their investigation, defense or
prosecution of any potential, current or future legal matter in any forum, including but not limited to lawsuits, administrative
charges, audits, arbitrations, and internal and external investigations.  Executive’s cooperation shall include,
but is not limited to, reviewing and preparing documents and reports, meeting with attorneys representing any Company-affiliated
entity, providing truthful testimony, and communicating Executive’s knowledge of relevant facts to any attorneys, experts,

 

    	5

    	 

    

 

			consultants, investigators, employees or other representatives working on behalf of an Company-affiliated
entity.  Except as required by law, Executive agrees to treat all information regarding any such actual or potential
investigation or claim as confidential.  Executive also agrees not to discuss or assist in any litigation, potential
litigation, claim, or potential claim with any individual (or their attorney or investigator) who is pursuing, or considering pursuing,
any claims against Company or a Company-affiliated entity unless required by law. In performing the tasks outlined in this Section
5.9, Executive shall be bound by the covenants of good faith and veracity set forth in ABM’s Code of Business Conduct and
Ethics and by all legal obligations.  Nothing herein is intended to prevent Executive from complying in good faith with
any subpoena or other affirmative legal obligation.  Executive agrees to notify Company immediately in the event there
is a request for information or inquiry pertaining to Company, any Company-affiliated entity, or Executive’s knowledge of
or employment with Company.  In performing responsibilities under this Section following termination of employment for
any reason and after Executive has received all Severance Benefits (as defined below) which Executive is eligible to receive pursuant
to Section 6.2 (“Severance Period”), if any, or after Executive has received all post-employment payments which Executive
is eligible to receive pursuant to Section 6.1, if any, Executive shall be compensated for Executive’s time at an hourly
rate of $250 per hour. However, during any period in which Executive is an employee of Company or during the Severance Period,
Executive shall not be so compensated.

 

		5.10	REMEDIES AND DAMAGES.  The parties agree that compliance with Sections 5.1 – 5.7
of the Agreement and Appendix A is necessary to protect the business and goodwill of Company, that the restrictions contained herein
are reasonable and that any breach of this Section will result in irreparable and continuing harm to Company, for which monetary
damages will not provide adequate relief.  Accordingly, in the event of any actual or threatened breach of any covenant
or promise made by Executive in Section 5, Company and Executive agree that Company shall be entitled to all appropriate remedies,
including temporary restraining orders and injunctions enjoining or restraining such actual or threatened breach.  Executive
hereby consents to the issuance thereof forthwith by any court of competent jurisdiction.

 

		5.11	LIMITATIONS.  Nothing in this Agreement shall be binding upon the parties to the extent
it is void or unenforceable for any reason in the State of Employment, including, without limitation, as a result of any law regulating
competition or proscribing unlawful business practices; provided, however, that to the extent that any provision in this Agreement
could be modified to render it enforceable under applicable law, it shall be deemed so modified and enforced to the fullest extent
allowed by law.

 

    	6

    	 

    

 

		6.	TERMINATION OF EMPLOYMENT.  

 

		6.1	TERMINATION UPON EXPIRATION OF TERM.  Unless ABM and Executive mutually agree in writing
to extend the Term, Executive’s employment shall terminate at the expiration of the Term.  In the event that Executive’s
employment is terminated in connection with the expiration of the Term, Company shall pay to Executive (i) all compensation to
which Executive is entitled up through the date of termination; and (ii) a prorated portion of Executive’s Bonus for the
fraction of the fiscal year that has been completed prior to the date of termination based on ABM’s actual performance for
the entire fiscal year; provided, however, that if the expiration of the Term is in connection with a termination of employment
for Cause or a voluntary termination of employment by Executive, such termination will be governed by the provisions of Sections
6.2 or 6.4, respectively. Further, in the event that Executive’s employment terminates at the end of the Term, and ABM had
not offered to renew Executive’s employment upon materially similar terms and conditions, provided Executive is in compliance
with his obligations under Section 5 and Exhibit A, Company will pay Executive an amount equal to one times the sum of Executive’s
base salary and target Bonus, in equal installments in accordance with Company’s normal payroll practice over the twelve-month
period following Executive’s termination of employment; provided further that such payments shall cease upon the earlier
of Executive commencing full time employment which does not violate Section 5 of this Agreement or ABM’s written notification
to Executive that it is waiving its rights under Section 5.5.  Executive’s eligibility to receive the prorated
Bonus and/or the one times the sum of Executive’s base salary and target Bonus are conditioned on: (x) Executive having first
signed a release agreement in the form provided by Company and the release becoming irrevocable by its terms within sixty (60)
calendar days following the date of Executive’s termination of employment; and (y) Executive’s continued compliance
with all continuing obligations under this Agreement.  Subject to Section 3.2, Executive shall not have any other rights
or claims under this Agreement, and all other obligations of Company under this Agreement shall cease.

 

		6.2	TERMINATION BY COMPANY FOR CAUSE.  Company may terminate Executive’s employment
with Company at any time, without any advance notice, upon a good faith determination by Company, for Cause.  Where Company
terminates Executive’s employment for Cause, Company shall pay to Executive all compensation to which Executive is entitled
up through the date of termination.  Thereafter, Executive shall not have any other rights or claims under this Agreement,
and all other obligations of Company under this Agreement shall cease.  For purposes of this Agreement, “Cause”
shall mean the occurrence of one of the following: (i) Executive’s serious misconduct, dishonesty, disloyalty, or insubordination;
(ii) Executive’s conviction (or entry of a plea bargain admitting criminal guilt) of any felony or a misdemeanor involving
moral turpitude; (iii) drug or alcohol abuse that has a material or potentially material effect on Company’s reputation and/or
on the performance of Executive’s duties and responsibilities under this Agreement; (iv) Executive’s failure to substantially
perform Executive’s

 

    	7

    	 

    

 

			duties and responsibilities under this Agreement for reasons other than death or Disability, as
defined below; (v) Executive’s repeated inattention to duty for reasons other than death or Disability; (vi) Executive’s
material violation of Company’s Code of Business Conduct; and (vii) any other material breach of this Agreement by Executive.  

 

		6.3	NOTICE TERMINATION BY COMPANY.  Company may terminate Executive’s employment with
Company upon sixty (60) days’ notice to Executive at any time, for any reason or no reason at all (“Notice”)
or, in Company’s sole discretion, with sixty (60) days’ pay in lieu of notice, notwithstanding anything to the contrary
contained in or arising from any statements, policies or practices of Company relating to the employment, discipline or termination
of its employees.  Where Company terminates Executive’s employment with Notice, and Executive’s employment
is not terminated due to the expiration of the Term, Cause, death or Disability (as defined below): (i) Company shall pay to Executive
all compensation to which Executive is entitled up through the date of termination; and (ii) severance benefits as described on
Appendix B hereto (“Severance Benefits”); provided, that, notwithstanding anything to the contrary set forth in this
Agreement, Executive’s eligibility to receive the Severance Benefits is conditioned on (x) Executive having first signed
a release agreement in the form provided by Company and the release becoming irrevocable by its terms within sixty (60) calendar
days following the date of Executive’s termination of employment and (y) Executive’s continued compliance with all
continuing obligations under this Agreement, including but not limited to those set forth in Section 5.  Subject to Section
3.2, Executive shall not have any other rights or claims under this Agreement, and all other obligations of Company under this
Agreement shall cease.

 

		6.4	VOLUNTARY TERMINATION BY EXECUTIVE.  Executive may give sixty (60) days’ written
notice of Executive’s resignation of employment at any time during the Term of this Agreement, and Company shall pay to Executive
all compensation to which Executive is entitled up through the date of termination.  Thereafter, subject to Section 3.2,
Executive shall not have any other rights or claims under this Agreement, and all other obligations of Company under this Agreement
shall cease.  Company reserves the right to relieve Executive of Executive’s duties at Company’s discretion
following notice of Executive’s intent to resign.  

 

		6.5	DEATH OR DISABILITY.  Executive’s employment hereunder shall automatically terminate
upon the death of Executive and may be terminated at Company’s discretion as a result of Executive’s Disability. “Disability”
means Executive’s substantial inability to perform Executive’s essential duties and responsibilities under this Agreement
for either 90 consecutive days or a total of 120 days out of 365 consecutive days as a result of a physical or mental illness,
injury or impairment, all as determined in good faith by Company. If Executive’s employment is terminated due to the Executive’s
death or Disability, Executive, or, upon death, Executive’s designated beneficiary or estate, as applicable, shall: (i)

 

    	8

    	 

    

 

			receive all compensation to which Executive is entitled up through the date of termination; and
(ii) be eligible to receive a prorated Bonus based on the length of performance in the applicable performance period prior to death
or Disability.  In the case of Disability, Executive’s eligibility to receive the prorated Bonus is conditioned
on: (x) Executive having first signed a release agreement in the form provided by Company and the release becoming irrevocable
by its terms within sixty (60) calendar days following the date of Executive’s termination of employment; and (y) Executive’s
continued compliance with all continuing obligations under this Agreement, including but not limited to those set forth in Section
5.  Thereafter, subject to Section 3.2, Executive and Executive’s designated beneficiary or estate, as applicable,
shall not have any other rights or claims under this Agreement, and all other obligations of Company under this Agreement shall
cease.  

 

		6.6	TIMING OF PAYMENTS.  In the event that Executive becomes entitled to receive payments
pursuant to Section 6, Executive shall receive such payments pursuant to the terms set forth in this Agreement, including the provisions
regarding Section 409A set forth in Appendix B.  Any prorated Bonus that becomes payable to Executive pursuant to
Section 6.5 shall be paid to Executive at the end of the applicable performance period when such payments are made to other participants
and in accordance with the terms of the applicable plan or program, provided that in no event shall any such payment be made to
Executive later than March 15th of the calendar year following the calendar year in which Executive incurs a Disability. For the
avoidance of doubt, the parties intend that any payments that become payable to Executive pursuant to Section 6.5 shall be exempt
from Section 409A as a short-term deferral within the meaning of Treasury Regulation section 1.409A-1(d).  

 

		6.7	EXCESS PARACHUTE PAYMENTS. Subject to a release between Executive and Company approved by the Board
of Directors or the Compensation Committee of ABM Industries Incorporated, if the Severance Benefits, an equity award, and/or any
other benefit provided based on an agreement between Executive and Company would be an excess parachute payment (“Total Benefits”),
but for the application of this Section, then the Total Benefits will be reduced to the minimum extent necessary (but in no event
to less than zero) so that no portion of any such payment or benefit, as so reduced, constitutes an excess parachute payment; provided,
however, that the foregoing reduction will not be made if such reduction would result in Executive receiving an amount determined
on an after-tax basis, taking into account the excise tax imposed pursuant to Section 4999 of the Code, or any successor provision
thereto, any tax imposed by any comparable provision of state law and any applicable federal, state and local income and employment
taxes (the “After-Tax Amount”) less than ninety percent (90%) of the After-Tax Amount of the Total Benefits without
regard to this clause. Whether requested by the Executive or Company, the determination of whether any reduction in Total Benefits
to be provided to Executive is required pursuant this Section, and the value to be assigned to the Executive's covenants in Section
5 hereof for purposes of determining the

 

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			amount, if any, of the “excess parachute payment” under Section 280G of the Code will
be made at the expense of Company by Company's independent accountants or benefits consultant. The determination of whether any
reduction in Severance Benefits, equity award(s) and/or any other agreement or otherwise is required pursuant to the preceding
sentence will be made at the expense of Company by independent accountants selected by Company or Company’s benefits consultant.
The fact that Executive’s right to Total Benefits may be reduced by reason of the limitations contained in this paragraph
will not of itself limit or otherwise affect any other rights of Executive under any other agreement. In the event that any payment
or benefit intended to be provided is required to be reduced pursuant to this Section, Executive will be entitled to designate
the payments and/or benefits to be so reduced in order to give effect to this Section, to the extent that the payments or benefits
does not constitute deferred compensation within the meaning of Section 409A. Company will provide Executive with all information
reasonably requested by Executive to permit Executive to make such designation.  The term “excess parachute payment”
as used in this paragraph means a payment that creates an obligation for Executive to pay excise taxes under Section 280G of the
Internal Revenue Code of 1986, as amended, or any successor statute.

 

		6.8	ACTIONS UPON TERMINATION.  Upon termination of Executive’s employment for any reason,
Executive shall be deemed to have immediately resigned as an officer and/or director of Company and of any Company subsidiaries
or affiliates, including any LLCs or joint ventures, as applicable.  Further, if during employment Executive held any
membership or position as a representative of Company for any outside organization (such as BOMA, IREM, IFMA or BSCIA), or as a
trustee for a union trust fund (such as a Taft-Hartley or similar fund), upon termination of Executive’s employment for any
reason, Executive shall be deemed to have resigned from such membership or position, or trustee position, and shall cooperate fully
with Company in any process whereby Company designates a new representative to replace the position vacated by Executive.  Executive
also agrees that all property (including without limitation all equipment, tangible proprietary information, documents, records,
notes, contracts and computer-generated materials) furnished to or created or prepared by Executive incident to Executive’s
employment with Company belongs to Company and shall be promptly returned to Company upon termination of Executive’s employment.

 

		6.9	WITHHOLDING AUTHORIZATION.  To the fullest extent permitted under the laws of the State
of Employment hereunder, Executive authorizes Company to withhold from any Severance Benefits otherwise due to Executive and from
any other funds held for Executive’s benefit by Company, any damages or losses sustained by Company as a result of any material
breach or other material violation of this Agreement by Executive, pending resolution of any underlying dispute.

 

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		7.	NOTICES. 

 

		7.1	ADDRESSES.  Any notice required or permitted to be given pursuant to this Agreement shall
be in writing and delivered in person, or sent prepaid by certified mail, overnight express, or electronically to the party named
at the address set forth below or at such other address as either party may hereafter designate in writing to the other party:

 

		Executive:	[                                               ]

Address on file with the Company

 

		Company:	ABM Industries Incorporated

551 Fifth Avenue, Suite 300

New York, NY 10176

Attention: Chief Executive Officer

 

		Copy:	ABM Industries Incorporated

551 Fifth Avenue, Suite 300

New York, NY 10176

Attention: Senior Vice President of Human Resources

 

		7.2	RECEIPT.  Any such notice shall be assumed to have been received when delivered in person
or 48 hours after being sent in the manner specified above.

 

		8.	GENERAL PROVISIONS.

 

		8.1	GOVERNING LAW.  This Agreement shall be interpreted and enforced in accordance with the
laws of the State of Employment, which, for purposes of this Agreement, shall mean the state where Executive is regularly and customarily
employed and where Executive’s primary office is located.  

 

		8.2	NO WAIVER.  Failure by either party to enforce any term or condition of this Agreement
at any time shall not preclude that party from enforcing that provision, or any other provision of this Agreement, at any later
time.

 

		8.3	SEVERABILITY.  It is the desire and intent of the parties that the provisions of this
Agreement be enforced to the fullest extent permissible under the law and public policies applied in each jurisdiction in which
enforcement is sought. Accordingly, in the event that any provision of this Agreement would be held in any jurisdiction to be invalid,
prohibited or unenforceable for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating
the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction.
Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to be invalid, prohibited or unenforceable
in such jurisdiction, it shall, as to such jurisdiction, be either automatically deemed so narrowly drawn, or any court of competent
jurisdiction is

 

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			hereby expressly authorized to redraw it in that manner, without invalidating the remaining provisions
of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction. 

 

		8.4	SURVIVAL.  All terms and conditions of this Agreement which by reasonable implication
are meant to survive the termination of this Agreement, including but not limited to the provisions of Sections 5.1 – 5.9
of this Agreement, shall remain in full force and effect after the termination of this Agreement.

 

		8.5	REPRESENTATIONS BY EXECUTIVE.  Executive represents and agrees that Executive has carefully
read and fully understands all of the provisions of this Agreement, that Executive is voluntarily entering into this Agreement
and has been given an opportunity to review all aspects of this Agreement with an attorney, if Executive chooses to do so.  Executive
also represents that Executive will not make any unauthorized use of any confidential or proprietary information of any third party
in the performance of Executive’s duties under this Agreement and that Executive is under no obligation to any prior employer
or other entity that would preclude or interfere with the full and good faith performance of Executive’s obligations hereunder.

 

		8.6	ENTIRE AGREEMENT.  Unless otherwise specified herein, this Agreement, together with Appendices
A and B, sets forth every contract, understanding and arrangement as to the employment relationship between Executive and Company,
and may only be changed by a written amendment signed by both Executive and Company’s Chief Executive Officer or Senior Vice
President of Human Resources.  The parties agree that this Agreement is an amendment and restatement of that certain
Executive Employment Agreement dated November 1, 2014.

 

		8.6.a	NO EXTERNAL EVIDENCE.  The parties intend that this Agreement speak for itself, and that
no evidence with respect to its terms and conditions other than this Agreement itself may be introduced in any arbitration or judicial
proceeding to interpret or enforce this Agreement.

 

		8.6.b	OTHER AGREEMENTS.  It is specifically understood and agreed that this Agreement supersedes
all oral and written agreements between Executive and Company prior to the date of this Agreement, provided, however, that any
Change in Control Agreement shall remain in full force and effect according to its terms. It is also expressly understood and agreed
that Executive is not eligible to participate in any Company’s severance policy, including, without limitation, the Company’s
Senior Executive Severance Pay Policy. It is also expressly understood that, notwithstanding any provision to the contrary contained
in this Agreement (whether explicit or implicit), the terms and restrictions set forth in any prior agreement regarding assignment
of intellectual property or restrictions on competition, solicitation of employees, or solicitation of customers,

 

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			including, but not limited to, any such provision in any Asset Purchase Agreement, Merger Agreement,
Stock Purchase Agreement or any agreement ancillary thereto entered into by and between Executive and any Company-affiliated entity
setting forth Executive’s duties under a Covenant Not To Compete in connection with the sale of such assets, shall also remain
in full force and effect during employment and thereafter.

 

		8.7.c	AMENDMENTS.  This Agreement may not be amended except in a writing approved by the Chief
Executive Officer or Senior Vice President of Human Resources and signed by the Executive.

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT
BLANK.]

 

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IN WITNESS WHEREOF, Executive and Company have
executed this Agreement as of the date set forth above.

 

	 	Executive:	[                                              ]	 
	 	 	 	 	 
	 	 	Signature: 	 	 
	 	 	 	 	 
	 	 	Date: 	 	 	 
	 	 	 	 	 
	 	Company: 	ABM Industries Incorporated	 
	 	 	 	 	 
	 	 	Signature: 	 	 
	 	 	 	 	 
	 	 	Name:  Sudhakar Kesavan	 
	 	 	 	 
	 	 	Title:  Chair of the Compensation Committee	 
	 	 	 	 	 
	 	 	Date: 	 	 	 

 

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APPENDIX A

 

		A.	ASSIGNMENT.  Executive hereby assigns, and agrees to assign, to Company, without additional
compensation, Executive’s entire right, title and interest in and to (a) all Creations, and (b) all benefits, privileges,
causes of action and remedies relating to the Creations, whether before or hereafter accrued (including, without limitation, the
exclusive rights to apply for and maintain all such registrations, renewals and/or extensions; to sue for all past, present or
future infringements or other violations of any rights in the Creation; and to settle and retain proceeds from any such actions).  As
used herein, the term Creations includes, but is not limited to, creations, inventions, works of authorship, ideas, processes,
technology, formulas, software programs, writings, designs, discoveries, modifications and improvements, whether or not patentable
or reduced to practice and whether or not copyrightable, that relate in any manner to the actual or demonstrably anticipated business
or research and development of Company or its affiliates, and that are made, conceived or developed by Executive (either alone
or jointly with others), or result from or are suggested by any work performed by Executive (either alone or jointly with others)
for or on behalf of Company or its affiliates: (i) during the period of Executive’s employment with Company, whether
or not made, conceived or developed during regular business hours; or (ii) after termination of Executive’s employment
if based on Confidential Information.  Executive agrees that all such Creations are the sole property of Company or any
other entity designated by it, and, to the maximum extent permitted by applicable law, any copyrightable Creation will be deemed
a work made for hire.  If the State of Employment is California, Executive UNDERSTANDS THAT THIS PARAGRAPH DOES NOT APPLY
TO ANY CREATION WHICH QUALIFIES FULLY UNDER THE PROVISIONS OF SECTION 2870 OF THE LABOR CODE OF THE STATE OF CALIFORNIA, A
COPY OF WHICH IS ATTACHED BELOW.  Executive understands that nothing in this Agreement is intended to expand the scope
of protection provided to Executive by Sections 2870 through 2872 of the California Labor Code.

 

		B.	DISCLOSURE.  Executive agrees to disclose promptly and fully to Executive’s immediate
supervisor at Company, and to hold in confidence for the sole right, benefit and use of Company, any and all Creations made, conceived
or developed by Executive (either alone or jointly with others) during Executive’s employment with Company, or within one
(1) year after the termination of Executive’s employment if based on Confidential Information.  Such disclosure
will be received and held in confidence by Company.  In addition, Executive agrees to keep and maintain adequate and
current written records on the development of all Creations made, conceived or developed by Executive (either alone or jointly
with others) during Executive’s period of employment or during the one-year period following termination of Executive’s
employment, which records will be available to and remain the sole property of Company at all times.

 

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		C.	ASSIST WITH REGISTRATION.  Executive agrees that Executive will, at Company’s request,
promptly execute a written assignment of title for any Creation required to be assigned by Section B.  Executive further
agrees to perform, during and after Executive’s employment, all acts deemed necessary or desirable by Company to assist it
(at its expense) in obtaining and enforcing the full benefits, enjoyment, rights and title throughout the world in the Creation
assigned to Company pursuant to Section B.  Such acts may include, but are not limited to, execution of documents and
assistance or cooperation in legal proceedings.  Should Company be unable to secure Executive’s signature on any
document necessary to apply for, prosecute, obtain, or enforce any patent, copyright, or other right or protection relating to
any Creation, whether due to Executive’s mental or physical incapacity or any other cause, Executive hereby irrevocably designates
and appoints Company and each of its duly authorized officers and agents as Executive’s agent and attorney-in-fact, to undertake
such acts in Executive’s name as if executed and delivered by Executive, and Executive waives and quitclaims to Company any
and all claims of any nature whatsoever that Executive may not have or may later have for infringement of any intellectual property
rights in the Creations.  Company will compensate Executive at a reasonable rate for time actually spent by Executive
at Company’s request on such assistance at any time following termination of Executive’s employment with Company.

 

CALIFORNIA LABOR CODE

SECTION 2870-2872

 

2870. (a) Any provision in an employment agreement
which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer
shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s
equipment, supplies, facilities, or trade secret information except for those inventions that either:

 

		1.	Relate at the time of conception or reduction to practice of the invention to the employer’s
business, or actual or demonstrably anticipated research or development of the employer; or

 

		2.	Result from any work performed by the employee for the employer.

 

(b) To the extent a provision in an employment agreement
purports to require an employee to assign an invention otherwise excluded from being required to be assigned under subdivision
(a), the provision is against the public policy of this state and is unenforceable.

 

2871. No employer shall require a provision made void
and unenforceable by Section 2870 as a condition of employment or continued employment. Nothing in this article shall be construed
to forbid or restrict the right of an employer to provide in contracts of employment for disclosure, provided that any such disclosures
be received in confidence, of all of the employee’s inventions made solely or jointly with others during the term of his
or her employment, a review process by the employer to determine such issues as may arise, and for full title to certain patents
and

 

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inventions to be in the United States, as required
by contracts between the employer and the United States or any of its agencies.

 

2872. If an employment agreement entered into after
January 1, 1980, contains a provision requiring the employee to assign or offer to assign any of his or her rights in any invention
to his or her employer, the employer must also, at the time the agreement is made provide a written notification to the employee
that the agreement does not apply to an invention which qualifies fully under the provisions of Section 2870. In any suit or action
arising thereunder, the burden of proof shall be on the employee claiming the benefits of its provisions.

 

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APPENDIX B

 

	Severance
	18 months base pay and target Bonus

 

In addition, ABM will pay Executive a prorated portion
of his Bonus for the fraction of the fiscal year that has been completed prior to the date of termination based on ABM’s
actual performance for the entire fiscal year. The prorated portion of the Bonus shall be paid at such time as bonuses are paid
to employees generally, but in no event later than March 15th of the year following the end of the fiscal year
in which the bonus is no longer subject to a substantial risk of forfeiture.

 

Except as set forth below, severance payments will
be made in semi-monthly installments.

 

Section 409A

 

Notwithstanding the above, Executive shall not be considered
to have terminated employment with ABM for purposes of this Agreement and no payments shall be due to Executive under this Agreement
unless Executive would be considered to have incurred a “separation from service” from ABM within the meaning of Section 409A
of the Internal Revenue Code (“Section 409A”). Each amount to be paid or benefit to be provided under this Agreement
shall be construed as a separate identified payment for purposes of Section 409A, and any severance pay payments that are
due within the “short term deferral period” as defined in Section 409A shall not be treated as deferred compensation
unless applicable law requires otherwise. To the extent required in order to avoid accelerated taxation and/or tax penalties under
Section 409A, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to this Agreement
during the six-month period immediately following Executive’s termination of employment shall instead be paid on the first
business day after the date that is six months following Executive’s termination of employment (or upon the officer’s
death, if earlier). In addition, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A,
if the Executive terminates employment after October 15th, amounts that would otherwise be payable and benefits
that would otherwise be provided pursuant to this Agreement prior to December 31st of the year in which the termination
of employment occurs shall, subject to the previous sentence of this section, instead be paid on the first business day following
January 1st of the year following Executive’s termination of employment.

 

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