Document:

Exhibit 10.1

		
        551 Fifth Avenue, Suite 300

        New York, N.Y. 10176

        Office: (212) 297-0200

        Fax: (212) 922-0610

 

January 12, 2015

 

Henrik C. Slipsager

c/o ABM Industries Incorporated

551 Fifth Avenue

New York, NY 10176

 

Dear Henrik:

 

This letter agreement (this “Letter
Agreement”) supplements the Amended and Restated Employment Agreement dated July 16, 2013 (the “Employment
Agreement”), by and between you and ABM Industries Incorporated (the “Company”), and serves
to set forth the terms and conditions for your Departure from the Company. You and the Company have entered into this Letter Agreement
as of the date of the last signature to this Letter Agreement. Terms used in this Letter Agreement with initial capital letters
that are not locally defined in this Letter Agreement are used in this Letter Agreement as defined in Section 13 of this Letter
Agreement.

 

In consideration of the mutual
promises contained in this Letter Agreement, the Company and you (“you”, “Executive”,
or “he”) agree, effective as of January 12, 2015 (the “Effective Date”),
as follows:

 

		1.	Departure from the Company.

 

		(a)	As of March 31, 2015 (the “March Date”), Executive will resign all positions
he has held as an officer, director, and employee of the Company and its subsidiaries and affiliates, and will promptly execute
such documents and take such actions as may be necessary or reasonably requested by the Company to effectuate or memorialize the
resignation from such positions. Executive acknowledges and agrees that his service as an employee of the Company through the March
Date satisfies any 90-day notification requirement under the Employment Agreement. The Company acknowledges that Executive will
incur a “separation from service” at the close of business on the March Date for purposes of Treasury Regulation Section
1.409A-1(h).

 

		(b)	After the March Date, Executive will serve up to eight hours per week as a consultant to the Company,
with the title of “Senior Advisor.” As Senior Advisor, Executive’s duties and responsibilities
shall consist of (i) assisting and advising the successor Chief Executive Officer with transition matters, including relationships
with customers, industry peers, employees and labor unions, and (ii) assisting the Board of Directors of the Company (the
“Board”) and the successor Chief Executive Officer with the evaluation of strategic opportunities and
initiatives. He shall make himself available to perform such duties at the principal offices of the Company or by telephone

 

	www.abm.com	NYSE Symbol: ABM

 

    	 

    	 

    

  

		
        551 Fifth Avenue, Suite 300

        New York, N.Y. 10176

        Office: (212) 297-0200

        Fax: (212) 922-0610

 

			at such times during regular business hours as reasonably requested by the successor Chief Executive
Officer or the Board. As Senior Advisor, Executive will be acting as an independent contractor and not as an employee of the Company.
Subject to Section 1(c), Executive will serve as Senior Advisor on an at-will basis through September 30, 2015 (the “September
Date”) under the terms of this Letter Agreement. This period, as extended by Section 1(c) if applicable, shall
be referred to as the “Transition Period.” During the Transition Period, Executive’s service with
the Company may be terminated by either the Company or Executive, either with or without “Just Cause” (as such term
is defined in the Employment Agreement). In the event that Executive is terminated with or without Just Cause during the Transition
Period, Executive shall only be entitled to compensation through his last day of service. At the end of the Transition Period,
or the last day of service if terminated earlier, the “Transition End Date”, Executive will cease
to have the title of “Senior Advisor” and his service with the Company shall terminate.

 

		(c)	The parties agree that Executive and the Company may opt to extend Executive’s service with
the Company as a Senior Advisor beyond the September Date for an additional period of between three and six months, provided,
that such an extension shall be subject to the mutual agreement of the parties.

 

		2.	Severance Under The Employment Agreement and Certain Payments, Benefits, and New Consideration.

 

		(a)	Executive will be deemed to have been terminated by the Company without Just Cause pursuant to
Paragraph 15(D) of the Employment Agreement as of the March Date. As such, Executive shall be entitled to the payments and
benefits specified in Paragraph 15(D) of the Employment Agreement, including an amount equal to two times the sum of Executive’s
current base salary and current target annual incentive opportunity of $888,666 under the Company’s annual performance incentive
program, payable in substantially equal installments over 24 months commencing with April, 2015, subject to Executive’s execution
between April 1 and 21, 2015 and non-revocation of the release attached hereto as Exhibit A, which shall be in addition
to the release set forth in Section 4 of this Letter Agreement. The payments described in the preceding sentence shall not
be deferred by reason of Executive being a “specified employee” pursuant to Section 409A of the Internal Revenue Code
of 1986, as amended (the “Code”). Per the terms of the Employment Agreement, Executive’s rights
under that certain Change-in-Control Agreement between Executive and the Company, dated December 30, 2008, shall terminate as of
the March Date and be of no further force and effect.

 

	www.abm.com	NYSE Symbol: ABM

 

    	 

    	 

    

 

		
        551 Fifth Avenue, Suite 300

        New York, N.Y. 10176

        Office: (212) 297-0200

        Fax: (212) 922-0610

 

		(b)	Executive and the Company further agree that:

 

		(i)	provided Executive continues to provide services as an employee through March 8, 2015, subject
to the terms and conditions for the March 8, 2012 award of 43,159 (target) performance shares provided by the Company to Executive
(the “2012 PS”), Executive will be entitled to vest and receive payment (not pro-rated) for the 2012
PS according to the terms thereof, including in all cases subject to achievement of the applicable performance conditions for such
2012 PS;

 

		(ii)	subject to the terms and conditions for the January 14, 2013 award of 41,443 (target) performance
shares provided by the Company to Executive (the “2013 PS”), Executive will not be entitled to vest and
receive payment for any portion of the 2013 PS;

 

		(iii)	subject to the terms and conditions for the January 15, 2014 award of 31,075 (target) performance
shares provided by the Company to Executive (the “January 2014 PS”) (but without regard to any requirement
that Executive be employed on a vesting or payment date), Executive will be entitled to vest and receive payment for the January
2014 PS on a pro-rata basis based on employment through the March Date, subject in all cases to achievement of the applicable performance
conditions for such January 2014 PS, according to the terms thereof;

 

		(iv)	subject to the terms and conditions for the September 8, 2014 award of 16,171 (target) performance
shares provided by the Company to Executive (the “September 2014 PS”) (but without regard to any requirement
that Executive be employed on a vesting or payment date), Executive will be entitled to vest and receive payment for the September 2014
PS on a pro-rata basis based on employment through the March Date, subject in all cases to achievement of the applicable performance
conditions for such September 2014 PS, according to the terms thereof;

 

		(v)	subject to the release requirements set forth in Section 2(a), Executive shall be entitled to a
prorated annual cash incentive bonus for the fiscal year ended October 31, 2015, based on employment through the March Date, which
will be calculated using (A) the Company’s actual financial performance for the entire fiscal year as compared to the financial
performance goals for the year and a multiplier of 1.0 and (B) target level of performance with respect to Executive’s individual
objectives for such year and a multiplier of 1.0;

 

	www.abm.com	NYSE Symbol: ABM

 

    	 

    	 

    

 

		
        551 Fifth Avenue, Suite 300

        New York, N.Y. 10176

        Office: (212) 297-0200

        Fax: (212) 922-0610

 

		(vi)	with respect to any period commencing after the March Date, Executive shall not be entitled to
any payment for any annual cash incentive bonus;

 

		(vii)	Executive shall not be entitled to any further vesting credit after the March Date nor, except
as set forth in this Letter Agreement, to any prorated vesting upon termination of employment;

 

		(viii)	with respect to any vested stock options held by Executive as of the March Date, the period by
which Executive must exercise such vested stock options will be determined by reference to the March Date as the date of Executive’s
termination of employment and in accordance with the terms of the award agreement and equity plan pursuant to which such stock
option was granted;

 

		(ix)	Executive shall be entitled to payments and benefits vested under the Company’s employee
benefit plans, including but not limited to, the Company’s Service Award Benefit Plan, the Company’s Deferred Compensation
Plan for Executives and the Company’s Supplemental Executive Retirement Plan, subject to the terms and conditions of such
plans and payable in accordance with Section 409A of the Code;

 

		(x)	during the Transition Period through the Transition End Date, Executive will receive a fixed fee
at a rate of $20,000 per month and reimbursement, in accordance with the Company’s Travel and Entertainment Policy
applicable to senior executives of the Company, of all reasonable costs and expenses relating to his service during the Transition
Period;

 

		(xi)	during the Transition Period through the Transition End Date, except as required by applicable
law, Executive will not be entitled to any other compensation or benefits or be eligible to participate in any Company benefit
plans, except as expressly set forth above;

 

		(xii)	subject to the release requirements set forth in Section 2(a) and Paragraph 16 of the Employment
Agreement, upon Executive’s termination of employment, on each anniversary of Executive’s termination of employment
thereafter, and concluding with the ninth anniversary of such termination, the Company 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, the Company shall pay Executive’s surviving spouse $10,000 per year

 

	www.abm.com	NYSE Symbol: ABM

 

    	 

    	 

    

 

		
        551 Fifth Avenue, Suite 300

        New York, N.Y. 10176

        Office: (212) 297-0200

        Fax: (212) 922-0610

 

			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; and

 

		(xiii)	subsections (iii), (iv), (v), (vi), (vii), and (viii) above assume that the March Date is the last
date of Executive’s employment. In the event that Executive’s employment terminates on an earlier date, such date shall
be the date of the termination of Executive’s employment, and those subsections shall be adjusted accordingly.

 

		3.	Executive Acknowledgement. Executive acknowledges that the Company has provided him with
all monies to which he is owed through the Effective Date (other than any amounts which in the ordinary course would be paid on
the next following payroll date), and that the Company’s agreement to provide the payments and benefits set forth in Section
2(b)(i), (iii), (iv) and (x) (the “Payments”) is solely in exchange for the promises, releases and agreements
of Executive set forth or described in this Letter Agreement. Executive further acknowledges that such Payments do not constitute
an admission by the releasees of liability or of a violation of any applicable law or regulation. The Company shall provide to
Executive a draft of the terms of a press release and Form 8-K relating to this Letter Agreement, and shall reasonably consider
any comments provided by Executive prior to the finalization of such press release and Form 8-K.

 

		4.	Release of Claims Considerations.

 

		(a)	In consideration for the Company’s offer of an extended term of service from the March Date
through the Transition End Date under this Letter Agreement, and the additional compensation and benefits provided to Executive
as a result of such extended service, Executive (on his own behalf and on behalf of his heirs, executors, and administrators) agrees
to and hereby does unconditionally waive, release and forever discharge the Company and any and all past, present or future parents,
subsidiaries, affiliates, related persons or entities, including but not limited to all of their officers, directors, managers,
employees, shareholders, members, partners, agents, attorneys, successors and assigns, and specifically including ABM Industries
Incorporated (the “Released Parties”), from any and all actions, claims, demands and damages, whether
actual or potential, known or unknown, which he may have or claim to have, against the Released Parties as of the date he signs
this Letter Agreement including, without limitation, any and all claims related or in any manner incidental to (i) Executive’s
employment with the Company through the Effective Date; (ii) Executive’s and the Company’s agreement that Executive
will leave his current position as President and CEO and separate from employment with the Company on the March Date and transition
to a Senior Advisor role on the March Date; and (iii) any events that have transpired prior to and including the Effective Date.
All such claims are forever barred by this Letter Agreement regardless of the forum in which such

 

	www.abm.com	NYSE Symbol: ABM

 

    	 

    	 

    

 

		
        551 Fifth Avenue, Suite 300

        New York, N.Y. 10176

        Office: (212) 297-0200

        Fax: (212) 922-0610

 

			claims might be brought, including, but not limited to, claims (x) under any federal, state or
local law governing the employment relationship through the Effective Date (including, but not limited to, Title VII of the Civil
Rights Acts of 1964 and 1991, the Age Discrimination in Employment Act of 1967 (“ADEA’’), the Americans
with Disabilities Act, the Family Medical Leave Act, the Employee Retirement Income Security Act of 1974, the Rehabilitation Act,
the Worker Adjustment and Retraining Notification Act, any state, local, and other federal employment laws, and any amendments
to any of the foregoing and/or (y) under the common law for breach of contract, wrongful discharge, personal injuries and/or torts.
Executive understands that this is a general waiver and release of all claims, known or unknown, that he may have against the Released
Parties based on any act, omission, matter, cause or thing that occurred through the date of his execution of this Letter Agreement.

 

		(b)	The above release does not waive claims (i) for vested rights under employee benefit plans as applicable
on the date he signs this Letter Agreement, (ii) that may arise after he signs this Letter Agreement, (iii) which cannot be
released by private agreement or (iv) under this Letter Agreement. In addition, this Letter Agreement does not extend to, release
or modify any rights to indemnification or advancement of expenses to which Executive is entitled from the Company or its insurers
under the Company’s Certificate of Incorporation, Bylaws, or the General Corporation Law of the State of Delaware or other
corporate governing documents.

 

		(c)	Additionally, the parties agree that this Letter Agreement shall not preclude Executive from filing
any charge with the Equal Employment Opportunity Commission, the National Labor Relations Board, or any other governmental agency
or from any way participating in any investigation, hearing, or proceeding of any government agency (though Executive affirmatively
waives any right to receive individual relief in connection with his participation in such claims).

 

		(d)	Executive acknowledges and agrees that he is providing the waiver and release set forth herein
in exchange for consideration in addition to anything of value to which Executive may already have been entitled.

 

		5.	Affirmations. Executive affirms that he has not filed or caused to be filed, and is not
a party to any claim, complaint, or action against the Company or any of its subsidiaries or affiliates in any forum or form. Executive
also affirms that he has no known workplace injuries or occupational diseases, and has been provided and has not been denied any
leave requested under the Family and Medical Leave Act. Other than as described in this Letter Agreement, Executive disclaims and
waives any right of reinstatement with the Company or any subsidiary or affiliate thereof.

 

	www.abm.com	NYSE Symbol: ABM

 

    	 

    	 

    

 

		
        551 Fifth Avenue, Suite 300

        New York, N.Y. 10176

        Office: (212) 297-0200

        Fax: (212) 922-0610

 

		6.	Restrictive Covenants. Executive acknowledges and agrees that any and all restrictive covenants
described in Paragraph 12 and Paragraph 13 and Exhibit A and its Appendix 1 of the Employment Agreement will
continue in full force and effect in accordance with the terms and conditions thereof, except as otherwise agreed to in writing
by the parties. Executive also acknowledges and agrees that any and all terms and conditions of the Employment Agreement which
expressly or by reasonable implication survive Executive’s Departure from the Company to which Executive is subject, including,
but not limited to, those described in Paragraph 21 of the Employment Agreement, will continue in full force and effect in
accordance with the terms and conditions thereof. Executive shall be permitted to retain for a reasonably agreed cost his cellular
phone and attendant phone number, computers, I-Pads, scanner, printer and other similar equipment which he has been utilizing in
the performance of his services.

 

		7.	Consultation with Attorney; Voluntary Agreement. Executive acknowledges that (a) the
Company has advised him of his right to consult with an attorney of his own choosing prior to executing this Letter Agreement,
(b) Executive has carefully read and fully understands all of the provisions of this Letter Agreement, and (c) Executive is entering
into this Letter Agreement and any related release knowingly, freely and voluntarily in exchange for good and valuable consideration.
The Company shall reimburse Executive for the legal fees and costs incurred by Executive in connection with preparation and execution
of this Letter Agreement up to a maximum of $10,000.

 

		8.	Review and Revocation. Executive agrees that he has been given 21 calendar days following
this Letter Agreement’s presentment to consider this Letter Agreement. If he chooses to sign the Letter Agreement before
the end of that 21-day period, he certifies that he did so voluntarily for his own benefit and waived the right to consider this
Letter Agreement for the entire 21-day period. After he has signed this Letter Agreement, he may revoke his consent to it by delivering
written notice signed by him to Sarah McConnell, Executive VP, ABM Industries, 551 Fifth Avenue New York, NY 10176, on or before
the seventh calendar day after he signs it. If he does not revoke this Separation Agreement within seven calendar days after he
signs it, it will be final, binding, and irrevocable.

 

		9.	Governing Law. This Letter Agreement will be governed by and construed and enforced according
to the laws of the State of New York, without regard to conflicts of laws principles thereof.

 

		10.	Taxes. The Company may withhold from any amounts payable under this Letter Agreement all
federal, state, city, foreign or other taxes as the Company is required to withhold pursuant to any applicable law, regulation
or ruling. Notwithstanding any other provision of this Letter Agreement, the Company shall not be obligated to guarantee any particular
tax result for Executive with respect to any payment

 

	www.abm.com	NYSE Symbol: ABM

 

    	 

    	 

    

 

		
        551 Fifth Avenue, Suite 300

        New York, N.Y. 10176

        Office: (212) 297-0200

        Fax: (212) 922-0610

 

			provided hereunder, and Executive shall be responsible for any taxes imposed on him with respect
to any such payment.

 

		11.	Entire Agreement. This Letter Agreement constitutes the entire understanding between the
parties with respect to the subject matter and supersedes, terminates, and replaces any prior or contemporaneous understandings
or agreements with respect thereto, except for the Employment Agreement, which shall remain in full force and effect in accordance
with its terms. Except with respect to Executive’s compliance with Paragraphs 12 and 13 and Exhibit A and its Appendix 1
of the Employment Agreement and ABM’s Recoupment Policy, no amount owing to Executive under this Letter Agreement shall be
subject to set-off or reduction by reason of any claims which the Company has or may have against Executive. The Compensation Committee
of the Board, without inquiry, has no present knowledge of any claims that the Company has or may have against Executive.

 

		12.	Section 409A. This Letter Agreement and the payments to be made hereunder are intended to
comply with, or be exempt from, Section 409A of the Code, and this Letter Agreement will be interpreted, and all tax filings with
the Internal Revenue Service relating to the Payments will be made, in a manner consistent with that intent.

 

		13.	Defined Terminology. For purposes of this Letter Agreement, the phrase “Departure
from the Company” or “Depart from the Company” (or substantially similar phrases) refer to termination by the
Company of Executive’s employment with the Company without “Just Cause” (as such term is defined in the Employment
Agreement).

 

		14.	Indemnification. The Company will continue to maintain directors’ and officers’
indemnification insurance covering Executive for a period of not less five (5) years after the March Date, the terms and conditions
of which shall be no less favorable than the terms and conditions of the directors’ and officers’ indemnification insurance,
if any, maintained by the Company from time to time.

 

		15.	Modifications. This Letter Agreement may not be changed, amended, or modified unless done
so in a writing signed by the Company and Executive.

 

		16.	Counterparts. This Letter Agreement may be executed in separate counterparts, each of which
shall be deemed an original, and both of which together shall constitute one and the same instrument.

 

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	www.abm.com	NYSE Symbol: ABM

 

    	 

    	 

    

 

		
        551 Fifth Avenue, Suite 300

        New York, N.Y. 10176

        Office: (212) 297-0200

        Fax: (212) 922-0610

 

IN WITNESS WHEREOF, Executive and
the Company have executed this Letter Agreement as of the date last written below, and this Letter Agreement is deemed by Executive
and the Company to be effective as of January 12, 2015.

 

	 	HENRIK C. SLIPSAGER
	 	 
	 	 	 /s/ Henrik C. Slipsager
	 	 
	 	Date: January 12, 2015
	 	 
	 	ABM INDUSTRIES INCORPORATED
	 	 
	 	By: 	 /s/ Sudhakar Kesavan
	 	 
	 	Name: Sudhakar Kesavan
	 	 
	 	Title: Chair of the Compensation Committee
	 	 
	 	Date: January 12, 2015

 

	www.abm.com	NYSE Symbol: ABMExhibit
10.2

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

This Executive Employment Agreement
(“Agreement”) is effective as of March 31, 2015 (the “Effective Date”), by and between Scott Salmirs
(“Executive”) and ABM Industries Incorporated for itself and on behalf of its subsidiaries and affiliates, as applicable
herein.

 

WHEREAS, the subsidiaries
and affiliates of ABM (as hereinafter defined) are engaged in the building maintenance and related service businesses, and

 

WHEREAS, Executive is experienced
in the administration, finance, marketing, and/or operation of such services, and

 

WHEREAS, ABM and its subsidiaries
and affiliates have invested significant time and money to develop proprietary trade secrets and other confidential business information,
as well as invaluable goodwill among their customers, sales prospects and employees, and

 

WHEREAS, ABM and its subsidiaries
and affiliates have disclosed and will disclose to Executive such proprietary trade secrets and other confidential business information
which Executive will utilize in the performance of his duties and responsibilities as President and Chief Executive Officer and
under this Agreement, and

 

WHEREAS, Executive wishes
to, or has been and desires to remain employed by ABM, and to utilize such proprietary trade secrets, other confidential business
information and goodwill in connection with his employment,

 

NOW THEREFORE, Executive and ABM
agree as follows:

 

1.         EMPLOYMENT.
  ABM hereby agrees to employ Executive, and Executive hereby accepts such employment, on the terms and conditions set forth in this
Agreement.

 

2.         TITLE.
  Executive’s title shall be President and Chief Executive Officer of ABM, subject to modification as mutually agreed upon
by ABM and Executive.

 

3.         DEFINITIONS.  The capitalized terms used in this Agreement shall have the following definitions:

 

A.         “2006
Equity Plan” means the Company’s 2006 Equity Incentive Plan (as amended and restated January 10, 2012), as may be amended
from time to time, or such successor equity plans as may be adopted and administered by or on behalf of the Company from time to
time.

 

B.         “2006
Equity Plan Terms and Conditions” mean the Company’s Statement of Terms and Conditions Applicable to Options, Restricted
Stock, Restricted Stock Units and Performance Shares Granted to Employees Pursuant to the 2006 Equity Plan (as amended and restated
December 9, 2013), as may be amended from time to time, or such successor terms and

 

    	 

    	 

    

 

conditions or equity award agreements
as may be adopted and administered by or on behalf of the Company from time to time with respect to equity awards under the 2006
Equity Plan.

 

C.         “ABM”
means ABM Industries Incorporated, its successors, and assigns.

 

D.         “Accrued
Compensation” means any and all previously earned, but as of yet unpaid, salary, and reimbursement of business expenses and
fringe benefits as of yet unpaid or unprovided.

 

E.         
“Base Salary” means the salary paid under Paragraph 7A for the applicable Fiscal Year.

 

F.         “Board”
means the Board of Directors of ABM.

 

G.         “Bonus”
means a performance-based annual cash bonus payable under Paragraph 7B of this Agreement.

 

H.         “CEO
Committee” means a committee designated by the Board which shall constitute all of the Independent Directors.

 

I.         “Company”
means ABM and any of its subsidiaries or affiliates, including without limitation any limited liability companies or joint ventures,
as applicable.

 

J.         “Compensation
Committee” means the Compensation Committee of the Board.

 

K.          “EOIP”
means the ABM Executive Officer Incentive Plan adopted by the Board on January 10, 2006, as such plan may be amended from time
to time, or any successor plan.

 

L.         “Executive”
means Scott Salmirs.

 

M.         “Fiscal
Year” means the period beginning on November 1 of a calendar year and ending on October 31 of the following calendar year
or such other period as shall be designated by the Board as ABM’s fiscal year.

 

N.         “Independent
Directors” means the directors designated by the Board as independent directors, which persons shall qualify both as independent
under the rules and regulations of the New York Stock Exchange and as outside directors under Section 162(m).

 

O.         “Just
Cause” means (i) theft or dishonesty, (ii) neglect or failure to perform employment duties, (iii) inability or unwillingness
to perform employment duties, (iv) insubordination, (v) abuse of alcohol or other drugs or substances affecting Executive’s
performance of his employment duties, (vi) material and willful breach of this Agreement, (vii) other misconduct, unethical or
unlawful activity, (viii) a conviction of or plea of “guilty” or “no contest” to a felony under the laws
of the United States or any state thereof, or (ix) a conviction of or plea of “guilty” or “no contest”
to a misdemeanor involving a crime of moral turpitude under the laws of the United States or any state thereof. A condition precedent
to Just Cause under clauses (ii) and (iii) of this Paragraph 3O is notice from the Board that the conduct of Executive is

 

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violating clause (ii) or (iii), as
applicable, unless such conduct is immediately corrected to the satisfaction of the Board.

 

P.         “Performance
Assessment” means the Compensation Committee’s annual assessment, after consultation with the CEO Committee, of Executive’s
performance compared against the Performance Criteria.

 

Q.         “Performance
Criteria” means the performance criteria for Executive established annually by the Compensation Committee, after consultation
with the CEO Committee, in accordance with Paragraph 7B of this Agreement.

 

R.         “Retirement
Plan Benefits” mean the benefits provided upon Retirement (as defined in the 2006 Equity Plan Terms and Conditions) pursuant
to the 2006 Equity Plan Terms and Conditions.

 

S.         “Section
162(m)” means Section 162(m) of the Internal Revenue Code of 1986, as amended, and the regulations and guidance promulgated
thereunder, or any successor statute.

 

T.         “Section
409A” means Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and guidance promulgated thereunder,
or any successor statute.

 

U.         “State
of Employment” means New York.

 

V.         “Target
Bonus” means 100% of Executive’s Base Salary.

 

W.         “Term”
is the period beginning on the Effective Date and ending on October 31, 2017, unless sooner terminated under Paragraph 14
of this Agreement.

 

X.         “Total
Disability” means Executive’s inability to perform his duties under this Agreement and shall be deemed to occur on
the 91st consecutive or non-consecutive calendar day within any 12 month period that Executive is unable to perform his duties
under this Agreement because of any physical or mental illness or disability.

 

4.         DUTIES
& RESPONSIBILITIES. During the Term, Executive shall be employed and serve as the President and Chief Executive Officer
of the Company and shall have such duties and responsibilities commensurate with such title. Executive shall further perform such
executive or managerial duties and responsibilities as are reasonably assigned, consistent with his role, from time-to-time by
the Board, to which Executive shall directly and solely report and be accountable. As soon as practicable, the Company will nominate
Executive to the Board, and continue to nominate Executive to the Board throughout the Term.

 

5.         TERM
OF AGREEMENT. This Agreement shall end on October 31, 2017 unless sooner terminated pursuant to Paragraph 14.

 

6.         PRINCIPAL
OFFICE. During the Term of this Agreement, Executive shall be based at an ABM office located in the State of Employment, City
of New York, or such other location as shall be mutually agreed upon by the Board and Executive.

 

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7.         COMPENSATION.
ABM agrees to compensate Executive, and Executive agrees to accept as compensation for Executive’s assumption and performance
of duties and responsibilities pursuant to this Agreement:

 

A.         SALARY.
Executive shall be entitled to a Base Salary in an amount to be determined by the CEO Committee in its sole discretion, provided
that Executive’s initial Base Salary shall be at an annual rate of $760,000 and further provided that Executive’s Base
Salary shall not be reduced without Executive’s consent.

 

B.         BONUS.
 Subject to the provisions of the EOIP, the provisions of Paragraph 14 and subparagraphs (ii) and (iii) below, Executive shall
be entitled to a cash Bonus for each Fiscal Year, as follows:

 

i.          Executive’s
Bonus may range from 0% to 185% of the Target Bonus and shall be based on the Performance Assessment of Executive for the applicable
Fiscal Year evaluated on the basis of the Performance Criteria. Performance Criteria may include both ABM and individual objectives,
may be both qualitative and quantitative in nature and, except with respect to the Fiscal Year ending October 31, 2015 (the “2015
Fiscal Year”), shall be established and communicated to Executive within 90 days after the beginning of the Fiscal Year for
which they apply. For the 2015 Fiscal Year, Executive shall be entitled to a bonus amount equal to the sum of (A) a prorated
portion of the bonus amount for the fraction of the 2015 Fiscal Year completed prior to March 31, 2015, based on the bonus
program established for Executive at the beginning of the 2015 Fiscal Year, including his position on the first day of such Fiscal
Year, and the Company's actual financial performance for the entire Fiscal Year as compared to the financial performance goals
for the year and (B) a prorated portion of the bonus amount for the fraction of the 2015 Fiscal Year completed after March 31,
2015, based on the bonus program established for Executive as the President and Chief Executive Officer for the remainder of the
2015 Fiscal Year and the Company's actual financial performance for the entire Fiscal Year as compared to the financial performance
goals for the year, with such sum subject to the terms and conditions of the EOIP including any overriding actual financial performance
requirement for the entire Fiscal Year. The Compensation Committee or the CEO Committee (or members of such committees) may seek
the views of members of the Board with respect to whether the Performance Criteria have been achieved, provided that the Performance
Assessment shall be solely determined by the Compensation Committee. The determination of the Bonus amount for each Fiscal Year
shall be determined by the CEO Committee.

 

ii.         ABM
shall pay Executive the Bonus for each Fiscal Year as soon as practicable following completion of the audit of ABM’s financial
statements for such Fiscal Year and within 10 days after determination of the Bonus by the CEO Committee. Notwithstanding the foregoing,
the Bonus shall be paid no later than March 15th of the year following the end of the calendar year in which the Bonus is earned.
In the event of termination of employment hereunder other than a termination under Paragraph 14B or a termination under Paragraph
14C, ABM shall pay Executive a prorated portion of the Bonus for the fraction of the Fiscal Year completed prior to the date of
termination, based on (A) the Company’s actual financial performance for the entire Fiscal Year as compared to the financial
performance goals for the year and a multiplier of 1.0 and (B) target level of performance with respect to Executive’s individual
objectives for such year and a multiplier of 1.0, in each case subject to the terms and conditions of the EOIP including any

 

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overriding actual financial performance
requirement 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 calendar year in which the Bonus is earned.

 

iii.         Absent
bad faith or material error, any conclusions of the Compensation Committee or the CEO Committee with respect to the Performance
Criteria, the Performance Assessment, or the actual Bonus shall be final and binding upon Executive and ABM.

 

iv.         Notwithstanding
any other provision of this Agreement, the CEO Committee may, no later than 90 days after the beginning of any Fiscal Year (but
in no event later than the date required for the Bonus to qualify as performance-based compensation within the meaning of Section
162(m)), approve and notify Executive of a modification to the Target Bonus or the bonus range set forth in subparagraph (i) above.
The CEO Committee’s decision in this regard shall be deemed final and binding on Executive. In addition, the CEO Committee
may grant a discretionary incentive bonus to Executive at any time in its sole discretion.

 

C.         EQUITY
PLAN PARTICIPATION.  Executive shall be entitled to participate in the 2006 Equity Plan in accordance with its terms and in any
other Company equity plan that is generally available to ABM’s senior executive officers (as distinguished from general management),
including, without limitation, any long-term incentive compensation plans or similar programs (“Annual Equity Plan Participation”).
There is no guaranteed Annual Equity Plan Participation under this Agreement. Executive’s Annual Equity Plan Participation
shall be on the terms and subject to such conditions as are specified for the particular Company plans or programs. ABM reserves
the right to amend or terminate the 2006 Equity Plan at any time subject to the terms of the 2006 Equity Plan. All awards granted
regarding Executive’s Annual Equity Plan Participation will be subject, as applicable, to the terms and conditions of any
Company recoupment or “clawback” policy in effect on the date of grant for such awards.

 

D.         FRINGE
BENEFITS. Executive (including domestic partners, spouses and dependents) shall receive the then current fringe benefits generally
provided by ABM to its executives on terms and conditions no less favorable to such executives. Such benefits may include but not
be limited to the use of group health benefits, long-term disability benefits, group life insurance, sick leave and vacation. Each
of these fringe benefits is subject to the applicable ABM policy at all times. Executive expressly agrees that should he terminate
employment with ABM for the purpose of being re-employed by an ABM subsidiary or affiliate, he shall “carry-over” any
previously accrued but unused vacation balance to the books of the applicable subsidiary or affiliate. ABM reserves the right to
add, increase, reduce or eliminate any fringe benefit at any time, but no such benefit or benefits shall be reduced or eliminated
as to Executive unless generally reduced or eliminated as to senior executives at ABM.

 

E.         POST-EMPLOYMENT
HEALTH INSURANCE ASSISTANCE. Subject to Paragraph 15 of this Agreement, upon Executive’s termination of employment for any
reason (other than for Just Cause) and concluding no later than 9 years after such termination, ABM upon Executive’s termination
of 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

 

    	5

    	 

    

 

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.

 

8.         PAYMENT
OR REIMBURSEMENT OF BUSINESS EXPENSES. ABM shall pay directly or reimburse Executive for reasonable business expenses of ABM
incurred by Executive in connection with ABM business in accordance with the ABM Travel & Entertainment Policy, as in effect
from time to time.

 

9.         BUSINESS
CONDUCT.  Executive shall dedicate his full business time and attention to the performance of duties hereunder, perform his
duties in good faith and to a professional standard, and fully comply with all laws and regulations pertaining to the performance
of his responsibilities, all ethical rules, ABM’s Code of Business Conduct and Ethics, as well as any and all of policies,
procedures and instructions of Company including but not limited to the provisions of ABM’s Recoupment Policy and Section
304 of the Sarbanes-Oxley Act of 2002. Executive agrees that if he is approached by any person to discuss a possible acquisition
or other transaction that could reasonably result in a change of control of ABM, Executive will immediately advise ABM’s
General Counsel and Chairman of the Board. In addition, in consideration for ABM entering into this Agreement, for a period commencing
on the Effective Date and ending on the twelve (12) month anniversary of the termination of Executive’s employment with ABM
for any reason, Executive shall not, without the prior express authorization of the Board, directly or indirectly, individually
or on behalf of any other person or entity, solicit, aid, induce, persuade or attempt to solicit, aid, induce or persuade any person
or entity to take any action that would result in a change in control of ABM. Notwithstanding the foregoing, subject to the rules
that are applicable to Executive, nothing herein shall preclude Executive from (i) serving, with the prior written consent of the
Board, as a member of the boards of directors or advisory boards (or their equivalents in the case of a non-corporate entity) of
non-competing businesses and charitable organizations, (ii) engaging in charitable activities and community affairs, and (iii)
managing his personal investments and affairs; provided, however, that the activities set out in clauses (i), (ii), and (iii) shall
be limited by Executive so as not to materially interfere, individually or in the aggregate, with the performance of his duties
and responsibilities hereunder.

 

10.       NO
CONFLICT. Executive represents to ABM that Executive is not bound by any contract with a previous employer or with any other
business that might prevent Executive from entering into this Agreement. Executive further represents that he is not bound by any
other contract or covenant that in any way restricts or limits Executive’s activities in relation to his employment with
ABM that has not been fully disclosed to ABM prior to the signing of this Agreement.

 

11.       COMPANY
PROPERTY.  ABM shall, from time to time, entrust to the care, custody and control of Executive certain of the Company’s
property, such as motor vehicles, equipment, supplies, passwords and electronic and paper documents. Such documents may include,
but shall not be limited to, customer lists, financial statements, cost data, price lists, invoices, forms, electronic files and
media, mailing lists, contracts, reports, manuals, personnel files or directories, correspondence, business cards, copies or notes
made from Company documents and documents compiled or prepared by Executive for Executive’s use in connection with Company
business. Executive specifically acknowledges that all such items, including

 

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passwords and documents, are the
property of Company, notwithstanding their preparation, care, custody, control or possession by Executive at any time(s) whatsoever.

 

12.       GOODWILL
& CONFIDENTIAL INFORMATION.  In connection with Executive’s employment hereunder:

 

A.         CONFIDENTIAL
INFORMATION.  Executive agrees to utilize and further the Company’s goodwill among its customers, sales prospects and employees,
and acknowledges that the Company may disclose to Executive, and Executive may disclose to the Company, Confidential Information
(as defined in Exhibit A).

 

B.         DUTY
OF LOYALTY. Executive agrees that the Confidential Information and the Company’s goodwill have unique value to the Company,
are not generally known or readily available to the Company’s competitors, and could only be developed by others after investing
significant time and money. ABM makes the Confidential Information and the Company’s goodwill available to Executive in reliance
on Executive’s agreement to hold the Confidential Information and the Company’s goodwill in trust and confidence. Executive
hereby acknowledges that to use this Confidential Information and the Company’s goodwill other than for the benefit of Company
would be a breach of such trust and confidence and a violation of Executive’s duty of loyalty to Company.

 

13.       RESTRICTIVE
COVENANTS. In consideration of the compensation, contract term, potential severance benefits, continued employment provided
by ABM, and access to Confidential Information, as defined below, necessary to the performance of Executive’s duties hereunder,
Executive hereby agrees to restrictive covenants set forth in Exhibit A and Appendix 1.

 

14.       TERMINATION
OF EMPLOYMENT. The Term shall terminate upon the earliest to occur of (i) Executive’s death, (ii) a termination by reason
of Total Disability, (iii) a termination by the Company with or without Just Cause, (iv) a termination by Executive; or (v) expiration
of the Term.

 

A.         TERMINATION
UPON EXPIRATION OF TERM. Unless ABM and Executive mutually agree to extend the Term, Executive’s employment shall terminate
at the expiration of the Term. Upon termination pursuant to this Paragraph, Executive shall not be entitled to any payments under
the Agreement, except to the extent that Paragraph 14J applies, other than (i) Accrued Compensation (ii) any unpaid Bonus in respect
of any completed fiscal year that has ended prior to the date of such termination (the “Prior Year Bonus”); and (iii) an
amount with respect to Bonus (if any) as determined by the CEO Committee pursuant to Paragraph 7B; provided, however, that if the
expiration of the Term is in connection with a termination of employment for Just Cause or a voluntary termination of employment
by Executive, such termination will be governed by the provisions of Paragraphs 14B and 14C, respectively. The Bonus (if any) and
Prior Year Bonus (if any) 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 calendar year in which the Bonus was earned. Upon termination pursuant to this Paragraph,
Executive shall not be entitled to any payment or benefits under the ABM Severance Policy, or any policy or plan of the Company
as in effect on the termination date.

 

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B.         TERMINATION
FOR CAUSE. ABM may terminate Executive’s employment hereunder at any time during the Term of this Agreement, without notice
(except as specifically provided under Paragraph 3O, clauses (ii) and (iii)), subject only to a good faith determination by a majority
of the Board of Just Cause. Upon such termination, Executive shall not be entitled to any payments under this Agreement other than
the Accrued Compensation.

 

C.         VOLUNTARY
TERMINATION BY EXECUTIVE. At any time during the Term of this Agreement, Executive may terminate employment hereunder by giving
ABM 60 days’ prior written notice, and Executive shall not be entitled to any payments under this Agreement other than Accrued
Compensation, post-employment health insurance assistance as set forth under Paragraph 7E, and any Retirement Plan Benefits.

 

D.         DISABILITY
OR DEATH. Executive’s employment shall terminate automatically upon his death. The Company may terminate Executive’s
employment immediately upon the occurrence of a Total Disability, such termination to be effective upon Executive’s receipt
of written notice of such termination. ABM shall pay when due to Executive or, upon death, Executive’s designated beneficiary
or estate, as applicable, (i) the Accrued Compensation, (ii) the Prior Year’s Bonus; and (iii) a prorated portion of the
Bonus, as determined and payable under Paragraph 7B(ii). Upon such termination, Executive shall not be entitled to any other
payments under this Agreement other than those benefits provided upon death or Total Disability pursuant to the 2006 Equity Plan
Terms and Conditions and, post-employment health insurance assistance as set forth under Paragraph 7E.

 

E.         TERMINATION
WITHOUT JUST CAUSE. ABM may terminate Executive’s employment hereunder without Just Cause at any time during the Term of
this Agreement by giving Executive 60 days’ written notice (or at ABM’s discretion written notice of less than 60 days,
provided in such case Executive shall be entitled to receive an additional amount equal to Executive’s Base Salary plus Target
Bonus for the number of days which the written notice is less than 60, with such amount payable with the first installment described
in subparagraph (i) below). Upon Executive’s termination without Just Cause, in addition to the Accrued Compensation
and any Prior Year’s Bonus, if any, Executive shall be entitled to receive (i) an amount equal to two times the sum of Executive’s
Base Salary and Target Bonus payable, subject to Paragraph 15 of this Agreement, in equal installments in accordance with the Company’s
normal payroll practice over the twenty-four month period following Executive’s termination of employment, (ii) a prorated
portion of the Bonus, as determined and payable under Paragraph 7B(ii), and (iii) post-employment health insurance assistance
as set forth under Paragraph 7E. Notwithstanding the foregoing, all payments (other than Accrued Compensation and post-employment
health insurance assistance as set forth under Paragraph 7E) due under this Paragraph 14E (and any other Paragraphs incorporated
herein) shall be subject to Paragraph 15 and Paragraph 17 of this Agreement, as well as subject to reduction, surrender, or forfeiture
pursuant to the ABM’s Recoupment Policy, as may be in effect from time to time.

 

F.         OTHER
OBLIGATIONS. A termination of employment pursuant to Paragraph 14 of this Agreement will not affect any rights that Executive may
have pursuant to any agreement, policy, plan, program or arrangement of Company providing employee benefits, which rights will
be governed by the terms thereof, including the 2006 Equity Plan. To the extent that Executive receives payments or benefits by
reason of his termination of employment pursuant to

 

    	8

    	 

    

 

any other severance agreement or
employee plan (collectively, “Other Severance Agreements”), the amounts otherwise receivable under Paragraph 14 will
be, to the extent permitted under Section 409A, reduced by the amounts actually paid pursuant to the Other Severance 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 Severance Agreements is not any more or less than the amounts so payable or value so receivable had such benefits
been paid in full hereunder.

 

G.         PAYMENTS
AND BENEFITS WITH RESPECT TO A CHANGE IN CONTROL. Notwithstanding anything to the contrary in this Agreement or otherwise, if Executive
employment is terminated under circumstances qualifying him for payments under the Change-in-Control Agreement entered into between
Executive and ABM on the Effective Date, as amended from time to time (the “Change-in-Control Agreement”), Executive
shall not be entitled to payments and benefits under Paragraph 14 of this Agreement and, alternatively, Executive’s entitlement
to payments and benefits, if any, shall be governed by the terms of his Change-in-Control Agreement.

 

H.         PAYMENTS
AND BENEFITS WITH RESPECT TO RETIREMENT UNDER THE 2006 EQUITY PLAN. Notwithstanding anything to the contrary in this Agreement
or otherwise, if Executive voluntarily resigns and becomes entitled to the Retirement Plan Benefits, Executive shall not be entitled
to any payments or benefits under Paragraph 14E of this Agreement, or any Other Severance Agreements, and alternatively, Executive’s
entitlement to payments and benefits, if any, shall be governed by the 2006 Equity Plan, the 2006 Equity Plan Terms and Conditions,
Paragraph 7E hereof, and, if applicable, the Change-in-Control Agreement.

 

I.         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 ABM and of any of its subsidiaries or affiliates, including without limitation any limited
liability companies 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), or any other fiduciary position with Company, upon termination of Executive’s
employment for any reason, Executive shall be deemed to have resigned from such membership or position, or trustee or fiduciary
position, and shall reasonably cooperate with Company in any process whereby Company designates a new representative to replace
the position vacated by Executive. Executive also agrees that all property set forth in Paragraph 11 of this Agreement (including
without limitation all equipment, tangible Confidential Information, documents, records, notes, contracts and computer-generated
materials), other than Executive’s personal employment, equity, or compensation documents, 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.

 

J.         PAYMENTS
UPON A QUALIFIED EXPIRATION OF TERM. In the event that Executive’s employment terminates at the end of the Term pursuant
to Paragraph 14A, and ABM had not offered to renew Executive’s employment upon materially similar terms and conditions then;
provided Executive is in compliance with his obligations under Paragraphs 12 and 13 and Exhibit A and its Appendix 1 of the Agreement,
Executive shall be entitled to, in addition to the payments provided for under Paragraph 14A, an amount equal to one times the
sum of

    	9

    	 

    

 

Executive’s Base Salary and
Target Bonus, subject to Paragraph 15 of this Agreement, in equal installments in accordance with the Company’s normal payroll
practice over the twelve-month period following Executive’s termination of employment; provided that such payments shall
cease upon the earlier of Executive commencing full time employment which does not violate Paragraph 13 or ABM’s written
notification to Executive that it is waiving Paragraph 1.5 of Exhibit A to the Employment Agreement.

 

15.       CONDITIONS
TO PAYMENT AND ACCELERATION; CODE SECTION 409A. Any and all amounts payable and benefits or additional rights provided
pursuant to Paragraph 14E or Paragraph 14J of this Agreement, other than any Accrued Compensation, shall only be payable if
Executive executes and delivers to ABM a valid release of claims within 60 days of his termination date, in a form tendered by
ABM and reasonably acceptable to Executive, but containing no further post-employment restrictions other than those to which Executive
is already subject (a ”Waiver and Release Agreement”). No amounts payable or benefits, other than Accrued Compensation,
shall be paid under this Agreement until Executive has executed and delivered his Waiver and Release Agreement and the period within
which Executive may revoke his Waiver and Release Agreement has expired without revocation. Notwithstanding anything contained
herein to the contrary, 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 or any policy or plan of Company as in effect from time to time,
providing for payment of amounts on termination of employment, unless Executive would be considered to have incurred a “separation
from service” from Company within the meaning of 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 payments described in Paragraph
14E or Paragraph 14J of this Agreement 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 Executive’s death, if earlier). In addition, to the extent required in order to avoid accelerated taxation and/or
tax penalties under Section 409A, if Executive terminates employment after October 15th of any year, amounts that would otherwise
be payable and benefits that would otherwise be provided pursuant to this policy prior to December 31st of the year in which the
termination of employment occurs shall, subject to the previous sentence of this Paragraph, instead be paid on the first business
day following January 1st of the year following Executive’s termination of employment.

 

16.       GOVERNING
LAW. This Agreement shall be interpreted and enforced in accordance with the laws of the State of Employment.

 

17.       REMEDIES
& DAMAGES.

 

A.         INJUNCTIVE
RELIEF. The parties agree that compliance with Paragraphs 12 and 13 and Exhibit A and Appendix 1 of this Agreement is necessary
to protect the business and goodwill of the Company, and that any breach of such Paragraphs, Exhibit, or Appendix will

 

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result in irreparable and continuing
harm to Company, for which monetary damages may not provide adequate relief. Accordingly, in the event of any actual or threatened
breach of Paragraphs 12 or 13 of this Agreement or Exhibit A or Appendix 1 by Executive, Company and Executive agree that (i) Company
shall be entitled to all appropriate remedies, including but not limited to temporary restraining orders and injunctions enjoining
or restraining such actual or threatened breach and (ii) the Company may cease providing the consideration provided to Executive
under Paragraph 14E or Paragraph 14J of this Agreement (unless otherwise ordered by a court of law and, in any event, exclusive
of any benefits under Paragraph 7E). Executive hereby consents to the issuance thereof forthwith by any court of competent jurisdiction,
without the need for posting any bond.

 

B.         WITHHOLDING
AUTHORIZATION. To the fullest extent permitted under the laws of the State of Employment hereunder, Executive authorizes ABM to
withhold from any severance payments otherwise due to Executive and from any other funds held for Executive’s benefit by
ABM (other than under the Change in Control Agreement), 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 the underlying dispute.

 

C.         The
parties agree to submit any dispute hereunder to the State and Federal Courts of New York, and hereinafter waive any objection
based on personal jurisdiction to such courts.

 

18.       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.

 

19.       SEVERABILITY.
The provisions of this Agreement are severable. If any arbitrator (or court as applicable hereunder) rules that any portion of
this Agreement is invalid or unenforceable, the arbitrator’s or court’s ruling shall not affect the validity and enforceability
of other provisions of this Agreement. It is the intent of the parties that if any provision of this Agreement is ruled to be overly
broad, the arbitrator or court shall interpret such provision with as much permissible breadth as is allowable under law rather
than consider such provision void.

 

20.       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 Paragraphs 11, 12, 13, 14, 15, 16 and 17 of this Agreement and Exhibit A and Appendix
1, shall remain in full force and effect after the termination of this Agreement.

 

21.       INDEMNIFICATION.
Nothing contained in this Agreement shall be deemed to invalidate or deprive Executive of any rights to indemnification he may
have under applicable law or as may be described in the Company’s by-laws, policies and/or indemnity procedures.

 

22.       REPRESENTATIONS.
Executive represents and agrees that he has carefully read and fully understands all of the provisions of this Agreement, that
he is voluntarily entering into this Agreement and has been given an opportunity to review all aspects of this Agreement with an
attorney, if he chooses to do so.

 

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23.       NOTICES.

 

A.         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, bonded messenger or overnight express, 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: 	Scott Salmirs
	 	 	Address on file

 

	 	Copy:	 Steven Eckhaus, Esq.
	 	 	Cadwalader, Wickersham & Taft LLP
	 	 	1 World Financial Center
	 	 	New York, New York 10281
	 	 	Attention: Steven Eckhaus, Esq.
	 	 	steven.eckhaus@cwt.com

 

	 	ABM:	ABM Industries Incorporated
	 	 	551 Fifth Avenue
	 	 	New York, New York  10176
	 	 	Attention:  Board of Directors

 

	 	Copy:	ABM Industries Incorporated
	 	 	551 Fifth Avenue
	 	 	New York, New York  10176
	 	 	Attention:  General Counsel

 

B.         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.

 

24.         ENTIRE
AGREEMENT. Unless otherwise specified herein, this Agreement sets forth every contract, understanding and arrangement as to
the employment relationship between Executive and ABM. For the avoidance of doubt, Exhibit A and its Appendix 1 shall be deemed
to be a part of this Agreement, and all references to this Agreement (including, without limitation, through the use of hereto,
herein, hereof, etc.) shall be deemed to also refer to Exhibit A and its Appendix 1.

 

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.

 

B.         SUPERSEDES
OTHER AGREEMENTS. It is specifically understood and accepted that this Agreement supersedes all oral and written employment agreements
between Executive and ABM prior to the date of this Agreement other than the Change in Control Agreement as well as all conflicting
provisions of Company’s Human Resources Manual, including but not limited to the termination, discipline and discharge provisions
contained therein.

 

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Notwithstanding the foregoing, Executive’s
confidentiality and other restrictive covenant obligations, as set forth in this Agreement, are in addition to, and not in limitation
or substitution of, Executive’s similar or related obligations under Company policy or applicable law.

 

C.         AMENDMENTS.
This Agreement may not be amended except in a writing approved by the Board and signed by Executive and the Chair of the Compensation
Committee.

 

IN WITNESS WHEREOF, Executive and
the Chair of the Compensation Committee of the Board have executed this Agreement as of the dates set forth below.

 

	 	Executive:  Scott Salmirs
	 	 	 
	 	Signature:	/s/ Scott Salmirs
	 	 	 
	 	Date: 	 	January 12, 2015
	 	 
	 	ABM:  ABM Industries Incorporated
	 	 
	 	Signature:	/s/ Sudhakar Kesavan
	 	 
	 	By:  Sudhakar Kesavan
	 	 
	 	Title: Chair of the Compensation Committee
	 	 	 
	 	Date: 	 	January 12, 2015

 

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EXHIBIT A

  

1.          RESTRICTIVE
COVENANTS. In consideration of the compensation, contract term, potential severance benefits, continued employment provided
by Company, as well as the access Company will provide Executive to its Confidential Information, 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:

 

		1.1	CONFIDENTIAL INFORMATION DEFINED.  For purposes of this Agreement, “Confidential Information”
includes but is not limited to: (i) Company and its affiliated entities’ 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 but not limited to methods, policies, procedures, practices, devices and
other means used by Company and its affiliates 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 affiliates, or of the employees of any company that contracts to provide services to Company
or its affiliates; (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 affiliates; customer leads or referrals; customer
preferences, needs, and requirements (including but not limited to customer likes and dislikes, as well as supply and staffing
requirements) and the manner in which they have been met by Company or its affiliates; 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 (vi) any and all information related to past, current
or future acquisitions between Company or Company-affiliated entities, including but not limited to information used or relied
upon for said acquisition.

 

		1.2	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 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 performance of the 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 affiliates or by virtue of Executive’s
employment. This Confidential Information has unique value to Company and its affiliates, 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 affiliates 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. Notwithstanding the foregoing, Executive will be permitted to disclose Confidential
Information to the extent (x) such disclosure is made in connection with judicial or administrative proceedings, or (y) Executive
is compelled to disclose such information to, or by, any governmental or judicial authority or otherwise required by applicable
law or regulation.

 

		1.3	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 (12) 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 service relationship with Company or any other Company-affiliated entity, except
in the proper performance of this Agreement. The prohibitions set forth in this Paragraph 1.3 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

 

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

 

		1.4	NON-SOLICITATION OF CUSTOMERS.  Executive acknowledges and agrees that Company and its affiliates
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
(12) 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) Executive performed
work, services, or engaged in business activity on behalf of Company within the 12-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 12-month period preceding the effective
date of Executive’s termination of employment.

 

		1.5	POST EMPLOYMENT COMPETITION.  Executive agrees that, while employed by Company and for a period
of twelve (12) 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 with respect to which Executive had Confidential Information, in the 12 month period preceding
the effective date of

 

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			Executive’s termination of employment. Executive acknowledges that Company and its affiliates
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 12-month period preceding the effective date of Executive’s termination of employment; and/or (ii)
where Company has business operations and Executive was provided Confidential Information regarding Company’s business activities
in those territories within the 12-month period preceding the effective date of Executive’s termination of employment. The
restrictions in this Paragraph 1.5 shall only apply if, within the 12 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 affiliates.

 

		1.6	NON-DISPARAGEMENT.  Following the termination 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 or present officers, directors, employees, agents
or other service providers.

 

		1.7	CREATIONS.  The terms and conditions set forth in Appendix 1 attached hereto are hereby incorporated
by reference as though fully set forth herein.

 

		1.8	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 the CEO Committee. Executive has not entered into, and Executive agrees Executive will
not enter into, any oral or written agreement in conflict with this Agreement.

 

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		1.9	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, consultants, investigators, employees
or other representatives working on behalf of a 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 Paragraph 1.9, 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 Paragraph at the request or for the benefit
of Company, Executive shall be compensated for Executive’s time at an hourly rate of $400 per hour, plus his reasonable travel
expenses. However, during any period in which Executive is an employee of Company or is receiving payments pursuant to Paragraph
14 of this Agreement or pursuant to the terms of any Other Severance Agreement, Executive shall not be so compensated.

 

		1.10	REMEDIES AND DAMAGES.  The parties agree that compliance with Paragraphs 1.1 – 1.9 of this
Exhibit A and Appendix 1 is necessary to protect the business and goodwill of Company, that the restrictions contained herein are
reasonable and that any breach of such Paragraphs 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 herein, Company and Executive agree that Company shall be entitled to all appropriate remedies, including but
not limited to 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 without the need for posting any bond.

 

    	-5-

    	 

    

 

		1.11	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 New York, 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-

    	 

    

 

APPENDIX 1

 

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 (as defined below), 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.

 

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 twelve (12) months 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 twelve
(12) month period following termination of Executive’s employment, which records will be available to and remain the sole
property of Company at all times.

 

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 Paragraph A of this Appendix 1. 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 Paragraph
A of this Appendix 1. 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

 

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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 an hourly rate of $400 per hour for time actually spent by Executive at Company’s request on such
assistance at any time following termination of Executive’s employment with Company.

 

    	-8-

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