Document:

exv10w22

Exhibit 10.22

ABM DEFERRED COMPENSATION PLAN

(Amended and Restated, Effective October 25, 2010)

 

 

TABLE OF CONTENTS

	 	 	 	 	 

	ARTICLE I DEFINITIONS
	 	 	1	 
	1.01 “401(k) Plan”
	 	 	1	 
	1.02 “Account”
	 	 	1	 
	1.03 “Administrative Committee” or “Committee”
	 	 	1	 
	1.04 “Beneficiary”
	 	 	1	 
	1.05 “Board”
	 	 	1	 
	1.06 “Change in Control”
	 	 	1	 
	1.07 “Code”
	 	 	1	 
	1.08 “Company”
	 	 	1	 
	1.09 “Compensation”
	 	 	1	 
	1.10 “Deferral”
	 	 	1	 
	1.11 “Disabled” or “Disability”
	 	 	1	 
	1.12 “Effective Date”
	 	 	2	 
	1.13 “Eligible Employee”
	 	 	2	 
	1.14 “Employer”
	 	 	2	 
	1.15 “ERISA”
	 	 	2	 
	1.16 “Highly Paid Participant”
	 	 	2	 
	1.17 “Identification Date”
	 	 	2	 
	1.18 “Key Employee”
	 	 	2	 
	1.19 “Participant”
	 	 	2	 
	1.20 “Performance-Based Bonus”
	 	 	2	 
	1.21 “Performance Shares” 
	 	 	2	 
	1.22 “Person” 
	 	 	3	 
	1.23 “Plan”
	 	 	3	 
	1.24 “Plan Year”
	 	 	3	 
	1.25 “Restricted Stock Units”
	 	 	3	 
	1.26 “Scheduled Withdrawal Date”
	 	 	3	 
	1.27 “Separation from Service”
	 	 	3	 
	1.28 “Valuation Date”
	 	 	3	 
	 
	 	 	 	 
	ARTICLE II ELIGIBILITY FOR PARTICIPATION
	 	 	3	 
	2.01 Eligibility Requirements
	 	 	3	 
	2.02 Change in Employment Status
	 	 	3	 
	2.03 Determination of Eligibility
	 	 	4	 
	 
	 	 	 	 
	ARTICLE III DEFERRALS
	 	 	4	 
	3.01 Deferrals
	 	 	4	 
	3.02 Deferral Election
	 	 	4	 
	 
	 	 	 	 
	ARTICLE IV ACCOUNTS, FUNDING AND VALUATION
	 	 	5	 
	4.01 Establishment of Account
	 	 	5	 
	4.02 Valuation of Account Prior to the Implementation of a Supplemental Plan
	 	 	6	 
	4.03 Investment Elections After Implementation of a Supplemental 401(k) Plan
	 	 	6	 

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	ARTICLE V PARTICIPANTS’ VESTED INTERESTS
	 	 	7	 
	5.01 Vesting
	 	 	7	 
	 
	 	 	 	 
	ARTICLE VI DISTRIBUTION OF BENEFITS
	 	 	7	 
	6.01 Distribution of Benefits
	 	 	7	 
	6.02 Unforeseeable Emergency Withdrawals
	 	 	9	 
	6.03 Special Distribution Election on or before December 31, 2007
	 	 	10	 
	6.04 Prohibition on Acceleration
	 	 	10	 
	6.05 Distributions to Key Employees
	 	 	11	 
	 
	 	 	 	 
	ARTICLE VII DEATH
	 	 	11	 
	7.01 Death
	 	 	11	 
	 
	 	 	 	 
	ARTICLE VIII THE ADMINISTRATIVE COMMITTEE
	 	 	11	 
	8.01 Appointment of Administrative Committee
	 	 	11	 
	8.02 Committee Operating Rules
	 	 	11	 
	8.03 Allocation and Delegation of Responsibilities
	 	 	12	 
	8.04 Duties and Responsibilities
	 	 	12	 
	8.05 Expenses and Compensation
	 	 	13	 
	8.06 Information from Employer
	 	 	13	 
	8.07 Administrative Committee; Signature
	 	 	13	 
	 
	 	 	 	 
	ARTICLE IX PARTICIPANTS’ RIGHTS
	 	 	13	 
	9.01 Special Disclosures
	 	 	13	 
	9.02 Filing a Claim for Benefits
	 	 	13	 
	9.03 Denial of a Claim
	 	 	14	 
	9.04 Limitation of Rights
	 	 	14	 
	 
	 	 	 	 
	ARTICLE X AMENDMENT AND TERMINATION
	 	 	14	 
	10.01 Amendment
	 	 	14	 
	10.02 Termination of the Plan
	 	 	15	 
	10.03 Termination upon a Change in Control
	 	 	15	 
	10.04 Termination upon Dissolution or Bankruptcy
	 	 	15	 
	 
	 	 	 	 
	ARTICLE XI MISCELLANEOUS
	 	 	15	 
	11.01 Execution of Receipts and Releases
	 	 	15	 
	11.02 Notice and Unclaimed Benefits
	 	 	16	 
	11.03 Non-Alienation of Benefits
	 	 	16	 
	11.04 Loans to Participants
	 	 	16	 
	11.05 Benefits Payable to Incompetents
	 	 	17	 
	11.06 Applicable Law
	 	 	17	 
	11.07 Headings as Guide
	 	 	17	 
	11.08 Pronouns
	 	 	17	 
	11.09 Reference to Laws
	 	 	17	 
	11.10 Agent Designated for Service of Process
	 	 	17	 
	11.11 Participant’s Rights Unsecured
	 	 	17	 

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ABM DEFERRED COMPENSATION PLAN

(Amended
and Restated, Effective October  25, 2010)

ARTICLE I

DEFINITIONS

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

	 	1.01	 	“401(k) Plan” means the ABM Industries Incorporated 401(k) Employee Savings Plan.
	 
	 	1.02	 	“Account” means the account established and maintained by the Administrative
Committee for each Participant.
	 
	 	1.03	 	“Administrative Committee” or “Committee” means those individuals
designated by the Board to administer the Plan, and any successors appointed in accordance
with Section 8.02.
	 
	 	1.04	 	“Beneficiary” means the Person last designated by a Participant on a form provided
by the Administrative Committee or by the terms of the Plan to receive any amounts payable
under the Plan following the death of the Participant. A Participant may change the
Beneficiary from time to time on a form provided by the Administrative Committee.
	 
	 	1.05	 	“Board” means the Board of Directors of the Company.
	 
	 	1.06	 	“Change in Control” shall have the meaning given that term in Section 10.03.
	 
	 	1.07	 	“Code” means the Internal Revenue Code of 1986, as amended from time to time.
	 
	 	1.08	 	“Company” means ABM Industries Incorporated.
	 
	 	1.09	 	“Compensation” means all cash amounts (including base salary, Performance-Based
Bonuses and other bonuses) paid by the Employer to the Employee while a Participant with
respect to services rendered during the Plan Year, including all Deferrals elected by the
Participant during the Plan Year, but excluding compensation derived from awards made under
any equity incentive, change in control, or severance plans or arrangements that the Company
adopts.
	 
	 	1.10	 	“Deferral” means an amount that a Participant has elected to defer under Article
III.
	 
	 	1.11	 	“Disabled” or “Disability” means that an individual is determined to be
totally disabled by the Social Security Administration.

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	 	1.12	 	“Effective Date” means March 13, 2008.
	 
	 	1.13	 	“Eligible Employee” means any individual, including an officer of the Employer, who
is (a) employed (other than as a director) by the Employer, (b) not either an hourly manual
employee or in a unit of employees covered by a collective bargaining agreement, and (c)
determined to be a Highly Paid Participant as defined in Section 1.16 during the Plan Year.
	 
	 	1.14	 	“Employer” means the Company, its subsidiaries (within the meaning of sections
414(b) and (c) of the Code), and its successors or assigns.
	 
	 	1.15	 	“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time.
	 
	 	1.16	 	“Highly Paid Participant” effective January 1, 2008, means any Participant whose
base rate of pay is at least $25,000 per year more than the amount established by the
Internal Revenue Service under Section 414(q)(1)(B) of the Internal Revenue Code of 1986 as
amended.
	 
	 	1.17	 	“Identification Date” means each December 31.
	 
	 	1.18	 	“Key Employee” means a Participant who, on an Identification Date, is:

	 	(a)	 	An officer of the Employer having annual compensation greater than the
compensation limit in section 416(i)(1)(A)(i) of the Code, provided that no more than
50 officers of the Company shall be determined to be Key Employees as of any
Identification Date;
	 
	 	(b)	 	A 5% owner of the Employer; or
	 
	 	(c)	 	A 1% owner of the Employer having annual compensation from the Company of more
than $150,000.

	 	 	 	If a Participant is identified as a Key Employee on an Identification Date, then such
Participant shall be considered a Key Employee for purposes of the Plan during the period
beginning on the first April 1 following the Identification Date and ending on the next
March 31.
	 
	 	1.19	 	“Participant” means any Eligible Employee or former Employee who has satisfied the
eligibility requirements of Section 2.01 who is, or may become, eligible to receive a benefit
or whose Beneficiary may be eligible to receive a benefit under the Plan.
	 
	 	1.20	 	“Performance-Based Bonus” means the definition of performance-based compensation,
as defined in section 409A of the Code and the regulations promulgated thereunder.
	 
	 	1.21	 	“Performance Shares” means grants of Company stock which vest after a fixed time
period provided the Company achieves predetermined performance goals during the specific
performance period.

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	 	1.22	 	“Person” means any individual, partnership, joint venture, corporation, mutual
company, joint stock company, trust, estate, unincorporated organization, association, or
employee organization, and shall, where appropriate, include two or more of the above.
	 
	 	1.23	 	“Plan” means this ABM Deferred Compensation Plan, as amended and restated effective
March 13, 2008. The Plan is intended to be an unfunded plan for the benefit of a select
group of management or highly compensated employees, as such are defined in ERISA.
	 
	 	1.24	 	“Plan Year” means the 12-month period commencing January 1 and ending on the
following December 31.
	 
	 	1.25	 	“Restricted Stock Units” means grants of Company stock which vest after a fixed
time period. The person to whom the grant cannot sell the shares or realize compensation
value until the vesting requirement has been met, at which time restrictions are removed.
	 
	 	1.26	 	“Scheduled Withdrawal Date” means the month and year that the Participant elects;
provided, however, that a Scheduled Withdrawal Date must be no less than three years after
the Plan Year to which the election is made.
	 
	 	1.27	 	“Separation from Service” means termination of employment with the Company, other
than by reason of Disability or death, as defined under the regulations promulgated under
section 409A of the Code.
	 
	 	1.28	 	“Valuation Date” means March 31, June 30, September 30 and December 31 of each Plan
Year; provided, however, that after implementation of a supplemental 401(k) Plan, “Valuation
Date” shall mean any business day.

ARTICLE II

ELIGIBILITY FOR PARTICIPATION

	 	2.01	 	Eligibility Requirements
	 
	 	 	 	Subject to Section 2.02, each Eligible Employee of the Employer, other than employees of
subsidiaries designated by the Committee as ineligible subsidiaries, shall become eligible
to participate in the Plan on the later of (a) July 1, 1993, or (b) January 1 of the first
Plan Year on or after he or she becomes (or becomes again) an Eligible Employee.
	 
	 	2.02	 	Change in Employment Status
	 
	 	 	 	A Participant’s participation in the Plan shall terminate in the next Plan Year following
the date on which he or she ceases to be an Eligible Employee as defined under the terms of
the Plan, except that the Participant shall retain the right to receive his or her Account
in accordance with the terms and conditions of the Plan. He or she shall again become

3

 

	 	 	 	eligible to participate in the Plan as of the January 1 coincident with or immediately
following the date on which he or she regains the status of an Eligible Employee under the
Plan.
	 
	 	2.03	 	Determination of Eligibility
	 
	 	 	 	The Administrative Committee shall determine whether each Eligible Employee has satisfied
the eligibility requirements for participation in the Plan. The Committee’s determination
shall be conclusive and binding upon all persons.

ARTICLE III

DEFERRALS

	 	3.01	 	Deferrals

	 	(a)	 	Deferral of Compensation. For each Plan Year, a Participant may
elect to defer receipt of a portion of his or her Compensation that he or she would
otherwise receive from the Employer. The amount of the Deferral must equal a whole
percentage not exceeding 50% of the amount of the Participant’s Compensation. The
elections described in this Article III shall specify the form and time of
distribution of benefits as described in Section 6.01. Unless otherwise provided, an
election must be made each year in order to participate in this Plan.
	 
	 	(b)	 	Deferral of Performance Shares and Restricted Stock Units. Each
Participant who receives a grant of Performance Shares or a grant of Restricted Stock
Units in a Plan Year may elect to defer all or any percentage of the Performance Shares
or Restricted Stock Units he or she may be entitled to receive (including dividend
equivalents credited to such shares) upon the achievement of any performance
requirements or lapse of the vesting period to which the grant is subject. This
election shall be made by giving notice in a manner and within the time prescribed by
the Administrator and in compliance with Section 409A of the Code.

	 	3.02	 	Deferral Election

	 	(a)	 	Elections to Defer Compensation. For each Plan Year, a Participant (or
any Eligible Employee who is expected to become eligible to participate in the Plan)
may make an election to defer his or her salary by filing an election form with the
Administrative Committee within a reasonable period of time, as specified by the
Committee, before the beginning of the Plan Year to which the Deferral election
applies. Except as provided in this Plan, a Deferral election shall be irrevocable on
the December 31 preceding the Plan Year, or at such earlier time as the
Committee prescribes, and may not be changed or revoked during the Plan Year that it
is effective; provided, however, that a Participant’s election shall terminate if
such Participant receives a distribution on account of an Unforeseeable Emergency or
hardship withdrawal from the 401(k) Plan and thereafter the

4

 

	 	 	 	Participant must submit
a new election during the next enrollment period to resume participation in the
Plan.
	 
	 	(b)	 	Elections to Defer Performance-Based Bonuses. The Company, in its
discretion, may permit a separate election to defer a Performance-Based Bonus, and such
election may be made and be irrevocable no later than six months prior to the end of
the applicable performance period; provided, however, that such election shall be made
prior to the date that the Performance-Based Bonus is readily ascertainable.
	 
	 	(c)	 	Elections to Defer Performance Shares and Restricted Stock Units. The
Company, in its discretion, may permit a separate election to defer distribution of
Performance Share awards and Restricted Stock Unit awards, and such election may be
made and be irrevocable no later than thirty days following the grant date of the
awards.
	 
	 	(d)	 	Deferral of Distribution of Performance Share Awards and Restricted Stock
Unit Awards Granted Prior to March 13, 2008
	 
	 	 	 	Notwithstanding anything in this Plan to the contrary, for the purposes of
Performance Share awards and Restricted Stock Unit awards granted prior to March 13,
2008, a Participant may defer the time of distribution of any unvested portion of
such Performance Share awards and Restricted Stock Unit awards (including dividend
equivalents credited to such shares); provided that: (1) such deferral shall not
become effective for 12 months and (2) the date of payment is at least five years
subsequent to the originally scheduled payment date, and (3) the form is accepted by
the Committee, in its sole and absolute discretion. The election may be modified or
revoked until twelve months prior to the originally scheduled vesting date or such
earlier time that the Committee determines in its discretion, at which time such
change shall become irrevocable. The last valid form accepted by the Committee
shall govern the payout of a Participant’s deferred shares subject to Performance
Share awards and Restricted Stock Unit awards granted prior to March 13, 2008,
(including dividend equivalents credited to such shares), as applicable.

ARTICLE IV

ACCOUNTS, FUNDING AND VALUATION

	 	4.01	 	Establishment of Account
	 
	 	 	 	The Administrative Committee shall open and maintain a separate Account for each
Participant. Such Account shall be credited with all Deferrals for the Participant. As
soon as reasonably practicable after each Valuation Date, each Participant shall be notified
of the value of his or her Account.

5

 

	 	4.02	 	Valuation of Account Prior to the Implementation of a Supplemental Plan

	 	(a)	 	Until the date designated by the Administrative Committee for implementation of
a supplemental 401(k) Plan, as described in Section 4.03, interest shall be credited to
each Participant’s Account as of each Valuation Date equal to the product of

	 	(1)	 	the amount credited to the Participant’s Account as of the last
preceding Valuation Date, less any distributions or withdrawals and plus
one-half of Deferrals, if any, since the last preceding Valuation Date,
multiplied by
	 
	 	(2)	 	the applicable interest rate.

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

	 	4.03	 	Investment Elections After Implementation of a Supplemental 401(k) Plan

	 	(a)	 	Effective upon the date selected for implementation of a supplemental 401(k)
Plan by the Administrative Committee, each Participant shall make an investment
election in the manner prescribed by the Administrative Committee, indicating the
Participant’s election to have the value of his or her Account determined by crediting
it with such earnings, gains and losses as would have accrued to the Participant’s
Account had such funds actually been invested in one or more of the investment funds
maintained in the 401(k) Plan. Such investment election may be changed from time to
time by the Participant with respect to both past and future deferrals by following the
procedures prescribed by the Committee.
	 
	 	(b)	 	If an investment fund is eliminated from the 401(k) Plan, the value of the
portion of the Participant’s Account that the Participant previously had elected be
determined with reference to such investment fund shall thereafter be determined in the
manner determined by the Committee in its sole discretion.

6

 

ARTICLE V

PARTICIPANTS’ VESTED INTERESTS

	 	5.01	 	Vesting
	 
	 	 	 	Each Participant shall always be 100% vested in the portion of his or her Account
attributable to Deferrals and interest or earnings credited pursuant to Section 4.
Notwithstanding anything to the contrary in this Article V, the vesting of shares subject to
a Restricted Stock Unit award or to a Performance Share award granted to a participant shall
always be subject to the vesting schedules and performance requirements set forth in the
equity award’s applicable plan or agreement.

ARTICLE VI

DISTRIBUTION OF BENEFITS

	 	6.01	 	Distribution of Benefits
	 
	 	 	 	Except as otherwise provided in Article VI of the Plan, a Participant’s Account may not be
distributed to a Participant or his or her Beneficiary before the dates chosen pursuant to
the election made by the Participant.

	 	(a)	 	Form of Distribution. A Participant will elect, in writing, on a form
prescribed by the Administrative Committee, which of the distribution options described
below will govern the payment of the Participant’s Account upon a Separation from
Service. The Participant’s Account will be distributed to him (subject to the timing
requirements outlined in paragraphs (b) — (e) below) on any of the following schedules:

	 	(1)	 	A single lump sum,
	 
	 	(2)	 	Four annual installments, or
	 
	 	(3)	 	Ten annual installments.

	 	 	 	If the Participant made no election at the time specified in Section 3.02, his or her
benefit shall be paid as a single lump sum upon a Separation from Service. For purposes of
this Plan, installment payments shall be treated as a single distribution under section 409A
of the Code.
	 
	 	(b)	 	Time of Distribution

	 	(1)	 	Separation from Service. If a Participant Separates
from Service, his or her Account shall be distributed in the form elected by
the Participant pursuant to paragraph (a) above. Subject to the timing
requirements of paragraphs (c), a Participant’s Account shall be distributed
on the seventh

7

 

	 	 	 	month following his or her Separation from Service. The amount in the
Participant’s Account shall be determined as of the Valuation Date that last
precedes the date of distribution, plus Deferrals and less any withdrawals
or distributions, if any, for the period from the last preceding Valuation
Date to the date of distribution.
	 
	 	 	 	Notwithstanding anything in this Article VI to the contrary, if a
Participant elects to defer the receipt of Performance Shares or Restricted
Stock Units granted prior to March 13, 2008, then such shares (including
dividend equivalents credited to such shares) shall be distributed in the
year in which the Participant elects; provided that such distribution shall
not occur at any time prior to the five-year anniversary of the originally
scheduled payment date of such shares; provided further that if the
Participant experiences a Separation from Service at any time prior to such
elected distribution date, the vested portion of any shares subject to such
Performance Share award or Restricted Stock Unit award granted prior to
March 13, 2008, shall be distributed on the seventh month following his or
her Separation from Service.
	 
	 	(2)	 	Disability. Effective January 1, 2007, if a
Participant becomes Disabled, his or her Account shall be distributed or begin
to be distributed, in the manner elected by the Participant pursuant to
paragraph (a) above, as soon as administratively feasible, but no later than 90
days, after the Participant becomes Disabled. The amount in the Participant’s
Account shall be determined as of the Valuation Date that last precedes the
date of distribution, plus Deferrals and less any withdrawals or distributions,
if any, for the period from the last preceding Valuation Date to the date of
distribution.
	 
	 	(3)	 	Scheduled Withdrawal Date. A Participant may elect to
have all or a portion of his or her Account distributed to him or her on up to
three Scheduled Withdrawal Dates, while such Participant is an employee.
	 
	 	 	 	Subject to the timing requirements outlined in paragraphs (c) below, a
Participant shall receive his or her distribution under this subparagraph
(3) as soon as administratively feasible after the Scheduled Withdrawal
Date. If a Participant elects a Scheduled Withdrawal Date, his or her
Account valued as of the last Valuation Date preceding the elected Scheduled
Withdrawal Date shall be distributed as elected in this subparagraph (3).
Any subsequent Deferrals, including interest or earnings credited thereon,
shall be distributed pursuant to subparagraph (1) above.
	 
	 	 	 	Notwithstanding an election pursuant to this subparagraph (3), if a
Participant Separates from Service prior to the Scheduled Withdrawal Date,
the Participant’s Account shall be distributed pursuant to his or her
election under subparagraph (1) above.

8

 

	 	 	 	Notwithstanding the foregoing, upon a distribution of a Participant’s Account in
subparagraphs (1), (2) and (3) above, and after January 1, 2007 but prior to the
implementation of a supplemental 401(k) Plan as described in Section 4.03, the Company shall
credit to a Participant’s Account interest on the amount that is the difference of the value
of the Participant’s Account as of the last Valuation Date preceding the scheduled
distribution date. Interest shall be calculated using the principles set forth in Section
4.02.

	 	(c)	 	Changes to Distribution Elections
	 
	 	 	 	A Participant may change his or her form of distribution of his or her Account upon
a Separation from Service or Scheduled Withdrawal Date by submitting a form, as the
Committee prescribes; provided that (1) any such change is not effective for 12
months and (2) the date of payment is at least five years subsequent to the
originally scheduled date of payment, and (3) the form is accepted by the Committee,
in its sole and absolute discretion. The change may be modified or revoked until
twelve months prior to the time a Participant is originally scheduled to receive a
payment, at which time such change shall become irrevocable. The last valid form
accepted by the Committee shall govern the payout of a Participant’s Account, as
applicable.
	 
	 	 	 	Distributions made pursuant to this paragraph (c) will be made as soon as
administratively practicable, but no later than 90 days, after the newly scheduled
date of distribution.
	 
	 	(d)	 	No Cessation of Distribution for Rehired Participants
	 
	 	 	 	In addition, if a Participant Separates from Service and is later rehired by an
Employer, distributions shall not cease, but continue to be distributed as elected.

	 	6.02	 	Unforeseeable Emergency Withdrawals

	 	(a)	 	A Participant may withdraw up to 100% of the amount in his or her Deferral
Account in the event of an unforeseeable emergency to the extent provided in this
Section 6.02.
	 
	 	(b)	 	For purposes of this Section 6.02, unforeseeable emergency means a severe
financial hardship to the Participant resulting from a sudden and unexpected illness or
accident of the Participant or a dependent (as defined in section 152(a) of the Code)
of the Participant, loss of the Participant’s property due to casualty, or other
similar extraordinary and unforeseeable circumstances arising as a result of events
beyond the Participant’s control.
	 
	 	(c)	 	The withdrawal under this Section 6.02 may not exceed the amount reasonably
necessary to satisfy the financial need (including the amount of any federal, state or
local income taxes or penalties reasonably anticipated to result from the

9

 

	 	 	 	withdrawal). The withdrawal may not be made to the extent the need may be satisfied
(1) through reimbursement or compensation by insurance or otherwise, (2) by
liquidation of the Participant’s assets, to the extent the liquidation of the assets
would not itself cause severe financial hardship, or (3) by ceasing Deferrals under
the Plan.
	 
	 	(d)	 	A Participant who wishes to withdraw any amount pursuant to this Section 6.02
must submit, on a form provided by the Administrative Committee, a written request by
the Participant that states:

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

	 	(e)	 	The Administrative Committee will determine if an unforeseeable emergency
withdrawal will be allowed by applying the standards set forth in paragraphs (b) and
(c).
	 
	 	(f)	 	A withdrawal from a Participant’s Account under this Section 6.02 shall be paid
in a lump sum.

	 	6.03	 	Special Distribution Election on or before December 31, 2007
	 
	 	 	 	Participants who are identified by the Administrative Committee, in its sole discretion, may
make a special distribution election to receive a distribution of their Accounts in calendar
year 2008 or later, provided that the distribution election is made at least twelve months
in advance of the newly elected distribution date (and the previously scheduled distribution
date, if any) and the election is made no later than December 31, 2007. An election made
pursuant to this Section 6.03 shall be subject to any special administrative rules imposed
by the Committee including rules intended to comply with section 409A of the Code. No
election under this Section 6.03 shall (a) change the payment date of any distribution
otherwise scheduled to be paid in 2007 or cause a payment to be paid in 2007, or (b) be
permitted after December 31, 2007.
	 
	 	6.04	 	Prohibition on Acceleration
	 
	 	 	 	Notwithstanding any other provision of the Plan to the contrary, no distribution will be
made from the Plan that would constitute an impermissible acceleration of payment as defined
in section 409A(a)(3) of the Code and the regulations promulgated thereunder.

10

 

	 	6.05	 	Distributions to Key Employees
	 
	 	 	 	Notwithstanding any other provision of the Plan to the contrary, distributions to a Key
Employee may not be made before the date that is six months after the date of his or her
Separation from Service.

ARTICLE VII

DEATH

	 	7.01	 	Death
	 
	 	 	 	If a Participant dies before distribution of his or her Account has begun or been completed,
the remaining portion of the Participant’s Account shall be payable in a single lump sum to
the Participant’s Beneficiary no later than 90 days after the date of the Participant’s
death. The value of the Participant’s Account shall be determined in accordance with the
rules set forth in Section 4.

ARTICLE VIII

THE ADMINISTRATIVE COMMITTEE

	 	8.01	 	Appointment of Administrative Committee
	 
	 	 	 	The Company shall designate the persons to serve as the Administrative Committee to manage
and administer this Plan in accordance with the provisions hereof, each member to serve for
such term as the Company may designate or until a successor member has been appointed or
until removed by the Company. Vacancies due to resignation, death, removal or other cause
shall be filled by the Company. In the event no successor is appointed, the remaining
member(s) or, if none, the Board will function as the Administrative Committee until
vacancies have been filled. Members shall serve without compensation for Committee service.
All reasonable expenses of the Committee shall be paid by the Company.
	 
	 	8.02	 	Committee Operating Rules
	 
	 	 	 	The Committee shall act by agreement of a majority of its members, consistent with its
charter and the Company’s bylaws, either by vote at a meeting or in writing without a
meeting. The signature of one member of the Administrative Committee may be accepted by any
interested party as conclusive evidence that the Administrative Committee has duly
authorized the action therein set forth. No person receiving documents or written
instructions and acting in good faith and in reliance thereon shall be obliged to ascertain
the validity of such action under the terms of this Agreement. A member of the Committee,
who is also a Participant hereunder, shall not vote or act upon any matter relating solely
to him. In the event of a deadlock or other situation which

11

 

	 	 	 	prevents agreement of a majority of the Committee members, the matter shall be decided by
the Compensation Committee of the Board.
	 
	 	8.03	 	Allocation and Delegation of Responsibilities
	 
	 	 	 	The Administrative Committee may engage agents to assist in carrying out the Administrative
Committee’s functions hereunder. The Committee shall administer the Plan and shall have full
discretionary authority to construe this Plan and to determine all questions of
interpretation or policy in a manner not inconsistent with the Plan and the Administrative
Committee’s construction or determination in good faith shall be final and conclusive and
binding on all parties including but not limited to the Employer and any Participant or
Beneficiary, except as otherwise provided by law. The Administrative Committee may correct
any defect, supply any omission, or reconcile any inconsistency in such manner and to such
extent as shall be deemed necessary or advisable to carry out the purpose of the Plan,
provided, however, that any interpretation or construction shall be done in a
nondiscriminatory manner and shall be consistent with the intent that the Plan shall be for
the benefit of a select group of management or highly compensated employees. The
Administrative Committee shall have all powers necessary or appropriate to accomplish its
duties under this Plan.
	 
	 	8.04	 	Duties and Responsibilities
	 
	 	 	 	The Administrative Committee shall be charged with the duties of the general administration
of the Plan, including but not limited to, the following:

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

	 	 	 	The Administrative Committee shall also be responsible for preparing and filing such annual
disclosure reports as may be required by law.
	 
	 	 	 	Whenever it is determined by the Administrative Committee to be in the best interest of the
Plan and its Participants and Beneficiaries, the Administrative Committee may

12

 

	 	 	 	request such variances, deferrals, extensions, or exemptions or make such elections for the
Plan as may be available under the law.
	 
	 	8.05	 	Expenses and Compensation
	 
	 	 	 	The expenses necessary to administer the Plan and the expenses incurred by the
Administrative Committee shall be paid by the Employer.
	 
	 	8.06	 	Information from Employer
	 
	 	 	 	The Employer shall supply full and timely information to the Administrative Committee on all
matters relating to the Compensation of all Participants, their continuous regular
employment, their retirement, death, the fact of their Disability or Separation from
Service, and such other pertinent facts as the Administrative Committee may require.
	 
	 	8.07	 	Administrative Committee; Signature
	 
	 	 	 	The Committee shall act by agreement of a majority of its members, either by vote at a
meeting or in writing without a meeting. The signature of one member of the Administrative
Committee may be accepted by any interested party as conclusive evidence that the
Administrative Committee has duly authorized the action therein set forth. No person
receiving documents or written instructions and acting in good faith and in reliance thereon
shall be obliged to ascertain the validity of such action under the terms of this Agreement.

ARTICLE IX

PARTICIPANTS’ RIGHTS

	 	9.01	 	Special Disclosures
	 
	 	 	 	The Company shall furnish at least every six months each Participant or Beneficiary with a
written statement, based on the latest available information, indicating his or her total
benefits accrued.
	 
	 	 	 	Upon a Separation from Service, a Participant in the Plan is entitled to a written
explanation of and accounting for his or her Account and of any applicable options regarding
the disposition of such Account.
	 
	 	9.02	 	Filing a Claim for Benefits
	 
	 	 	 	A Participant or Beneficiary or the Employer acting in his or her behalf shall notify the
Administrative Committee of a claim for benefits under the Plan. Such request may be in any
form acceptable to the Administrative Committee and shall set forth the basis of such claim
and shall authorize the Administrative Committee to conduct such examinations as may be
necessary to determine the validity of the claim and to take such steps as may be necessary
to facilitate the payment of any benefits to which the Participant or Beneficiary

13

 

	 	 	 	may be entitled under the terms of the Plan. The Administrative Committee shall review the
claim and may require additional information if necessary to process the claim. The
Administrative Committee shall issue its decision, in writing, no later than 90 days after
the date the claim is received, unless circumstances require an extension of time. If such
an extension is required, written notice of the extension shall be furnished to the person
making the claim within the initial 90-day period, and the notice shall state the
circumstances requiring the extension and the date by which the Administrative Committee
expects to reach a decision on the claim. In no event shall the extension exceed a period
of 90 days from the end of the initial period.
	 
	 	9.03	 	Denial of a Claim
	 
	 	 	 	Whenever a claim for benefits by any Participant or Beneficiary has been denied, in whole or
in part, a written notice of the denial will be provided to the Participant or Beneficiary
within the period specified in Section 9.02 above. The notice shall set forth, in a manner
calculated to be understood by the claimant, (i) the specific reason or reasons for the
denial; (ii) reference to the specific Plan provisions upon which the denial is based; (iii)
a description of any additional material or information necessary for the claimant to
perfect the claim and an explanation of why such information is necessary; and (iv) an
explanation of the Plan’s appeal procedures and the time limits applicable to such
procedures, including a statement of the claimant’s right to bring a civil action under
Section 502(a) of ERISA following an adverse benefit determination on review.
	 
	 	9.04	 	Limitation of Rights
	 
	 	 	 	Participation hereunder shall not grant any Participant the right to be retained in the
service of the Employer or any rights or interest other than those specifically herein set
forth.

ARTICLE X

AMENDMENT AND TERMINATION

	 	10.01	 	Amendment
	 
	 	 	 	The Board may at any time and from time to time amend this Plan in whole or in part
(including retroactively). The Board shall promptly deliver to the Administrative Committee
a written copy of the document amending the Plan. The Board shall not have the right to
amend the Plan retroactively in such a manner as to deprive any Participant or Beneficiary
of any benefit to which he or she was entitled under the Plan by reason of Deferrals
credited prior to the amendment.
	 
	 	 	 	The Committee may amend the Plan to bring the Plan into compliance with applicable law
(including changes required in order to avoid penalty taxes applied to Participants under
Section 409A of the Code), to admit additional employees to the Plan in connection with the
acquisition of assets or additional business operations by the Employer, or to make such
other changes as the Committee deems desirable; provided

14

 

	 	 	 	that such changes do not materially increase the cost of the Plan to the Employer or take
the Plan out of compliance with applicable law, and provided further that the Committee may
not amend this Article X.
	 
	 	10.02	 	Termination of the Plan

	 	(a)	 	General. The Board may terminate the Plan at any time and in the
Board’s discretion the Accounts of Participants may be distributed within the period
beginning twelve months after the date the Plan was terminated and ending twenty-four
months after the date the Plan was terminated. If the Plan is terminated and Accounts
are distributed, the Company shall terminate all account balance non-qualified deferred
compensation plans with respect to all participants and shall not adopt a new account
balance non-qualified deferred compensation plan for at least three years after the
date the Plan was terminated.

	 	10.03	 	Termination upon a Change in Control

	 	(a)	 	“Change in Control” shall be deemed to have occurred upon a change in
the ownership or effective control of the Company or a change in the ownership of a
substantial portion of the assets of the Company as defined in the regulations
promulgated under section 409A of the Code.
	 
	 	(b)	 	Discretionary Distribution of Accounts
	 
	 	 	 	The Board, in its discretion may terminate the Plan 30 days prior to, or twelve
months following, a Change in Control and distribute the Accounts of the
Participants within the 12-month period following the termination of the Plan. If
the Plan is terminated and Accounts are distributed, the Company shall terminate all
substantially similar non-qualified deferred compensation plans sponsored by the
Company and all of the benefits of the terminated plans shall be distributed within
twelve months following the termination of the plans.

	 	10.04	 	Termination upon Dissolution or Bankruptcy
	 
	 	 	 	The Board, in its discretion, may terminate the Plan upon a corporate dissolution of the
Company that is taxed under section 331 of the Code or with the approval of a bankruptcy
court pursuant to 11 U.S.C. section 503(b)(1)(A), provided that the Participants’ Accounts
are distributed and included in the gross income of the Participants by the latest of (i)
the calendar year in which the Plan terminates or (ii) the first calendar year in which
payment of the Accounts is administratively practicable.

ARTICLE XI

MISCELLANEOUS

	 	11.01	 	Execution of Receipts and Releases

15

 

	 	 	 	Any payment to any Participant or Beneficiary, in accordance with the provisions of this
Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against
the Plan, and the Administrative Committee may require such Participant or Beneficiary, as a
condition precedent to such payment, to execute a receipt and release therefor in such form
as the Administrative Committee shall determine.
	 
	 	11.02	 	Notice and Unclaimed Benefits
	 
	 	 	 	Each Participant and Beneficiary must file with the Employer from time to time in writing
his or her post office address and each change of post office address. Any communication,
statement, or notice addressed to a Participant or Beneficiary at his or her last post
office address filed with the Employer (or if no address was filed with the Employer, then
at his or her last post office address shown on his or her “Employer’s Records”) will be
binding on the Participant and his or her Beneficiary for all purposes of the Plan. Neither
the Employer, Administrative Committee, nor any insurance company providing annuity
contracts under the Plan shall be obliged to search for or ascertain the whereabouts of any
Participant or Beneficiary. For the purpose of this Section, “Employer Records” means the
payroll records maintained by an Employer. Such records shall be conclusive, unless shown
to the Employer’s satisfaction to be incorrect.
	 
	 	 	 	The Committee shall notify any Participant or Beneficiary when a distribution is required
under the Plan. The Committee may also request the Social Security Administration to notify
the Participant or Beneficiary in accordance with any procedures the Administration has
established for this purpose. In the event that the Participant or Beneficiary shall fail
to respond to any notice from the Committee, the amount in his or her Account shall be
forfeited.
	 
	 	11.03	 	Non-Alienation of Benefits
	 
	 	 	 	Except in the case of a qualified domestic relations order, as defined in section 414(p) of
the Code:

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

	 	11.04	 	Loans to Participants
	 
	 	 	 	A Participant may not receive a loan from the Plan of any portion of his or her Account.

16

 

	 	11.05	 	Benefits Payable to Incompetents
	 
	 	 	 	Each individual receiving benefit payments under the Plan shall be conclusively presumed to
have been legally competent until the date upon which the Administrative Committee shall
have received written notice in the form and manner acceptable to it that such individual is
an incompetent for whom a guardian or other person legally vested with his or her care shall
have been appointed. From and after the date of receipt of such notice by the
Administrative Committee, all future benefit payments to which such individual is entitled
under the Plan shall be payable to his or her guardian or other person legally vested with
his or her care, until such time as the Administrative Committee shall be furnished with
evidence satisfactory to it that such individual is legally competent.
	 
	 	11.06	 	Applicable Law
	 
	 	 	 	This Plan shall be governed and construed under Federal laws, the laws of the State of
California and, to the extent applicable, ERISA and regulations thereunder.
	 
	 	11.07	 	Headings as Guide
	 
	 	 	 	The headings of this Plan are inserted for convenience of reference only and are not to be
considered in construction of the provisions hereof.
	 
	 	11.08	 	Pronouns
	 
	 	 	 	When necessary to the meaning hereof, either the masculine or the neuter pronoun shall be
deemed to include the masculine, the feminine, and the neuter, and the singular shall be
deemed to include the plural.
	 
	 	11.09	 	Reference to Laws
	 
	 	 	 	Any reference to any section or regulation under the Code or ERISA or to any other statute
or law shall be deemed to include any successor law of similar import.
	 
	 	11.10	 	Agent Designated for Service of Process
	 
	 	 	 	The designated person upon whom service of process may be made in any action involving the
Plan shall be any current member of the Administrative Committee.
	 
	 	11.11	 	Participant’s Rights Unsecured
	 
	 	 	 	The right of the Participant or his or her designated Beneficiary to receive a distribution
hereunder shall be an unsecured claim against the general assets of the Company, and neither
the Participant nor his or her designated Beneficiary shall have any rights in or against
any amount credited to his or her Account or any other specific assets of the Company. All
amounts credited to an Account shall constitute general assets of the Company and may be
disposed of by the Company at such time and for such purposes as

17

 

	 	 	 	it may deem appropriate. An Account may not be encumbered or assigned by a Participant or
any Beneficiary, as provided in Section 11.03.
	 
	 	 	 	Executed on this 25th day of October, 2010, to be effective as of October 25,
2010.

	 	 	 	 	 	 	 

	 	 	ABM INDUSTRIES INCORPORATED	 	 
	 
	 	 	 	 	 	 

18exv10w30

Exhibit 10.30

EXECUTIVE EMPLOYMENT AGREEMENT

THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is effective (DATE), 20__, by and between
Executive (“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. This agreement shall end on [Month] 31, 20__, unless
sooner terminated pursuant to Section 7 (“Initial Term”). The term of this Agreement may
be extended pursuant to Section 6 (“Extended 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 the Company. Executive’s title shall be [Title] of
Company, subject to modification as determined by the Company’s Board of Directors
(“Board”).
	 
	 	3.	 	COMPENSATION. Company agrees to compensate agrees to compensate Executive, and
Executive agrees to accept as compensation in full, a base salary. Employee will also be
eligible for short-term incentive awards pursuant to the terms of the Performance Incentive
Program or any applicable successor plan (“Bonus”), and eligible to receive awards under
the 2006 Equity Incentive Program, as amended and restated, or any applicable successor
plan and for such perquisites as are from time to time received by similarly situated
executives.
	 
	 	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. [including but not limited to the provisions of Section 304 of the Sarbanes-Oxley
Act of 2002. (CFO and CEO only). ]
	 
	 	5.	 	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, 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 his/her 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 the Company or its subsidiaries, or of the employees of any company
that contracts to provide services to the 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; (vii) 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.”)
	 
	 	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 the 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

2

 

	 	 	 	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 employees of Company
and affiliated-entities, develop relationships with and acquire information regarding
their knowledge, skills, abilities, salaries, commissions, benefits, and 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 employees
will cause increased expenses and a loss of business. Accordingly, Executive agrees
that while employed by Company and for a period of one year 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 employee to terminate employment 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 employers or their agents, recruiting or staffing firms, or other third
parties the Company employee(s) 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 employers 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 employed by Company or any other
Company-affiliated entity; and (iii) providing such information to prospective
employers or their agents, recruiting or staffing firms, or other third parties
preceding possible employment.
	 
	 	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 he or she 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 one year
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 the Company, attempt to seek, seek,
attempt to solicit, solicit, or accept work from any customer, client or active
customer prospect with whom Executive developed a relationship while

3

 

	 	 	 	employed by Company or otherwise obtained Confidential Information about for the
purpose of diverting business from Company or an affiliated entity. In addition,
Executive agrees that at all times after the voluntary or involuntary termination of
Executive’s employment, Executive shall not attempt to seek, seek, attempt to
solicit, solicit, , or accept work from of any customer or active customer prospect
of Company or any other Company-affiliated entity through the direct or indirect use
of any Confidential Information or by any other unfair or unlawful business
practice.
	 
	 	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 calls
for, requires, or contemplates Executive providing any work, services, or effort that
(i) requires Executive to provide any work, service, or effort that could or would
require the application, disclosure, reliance, or use of the Confidential Information
or other legitimate business interest, including relationships, of Company for any
third-party, or (ii) is substantially similar to those services or work Executive
performed on the Company’s behalf which compete directly or indirectly with the
Company or any Company-affiliated entity of which Executive had information or
knowledge by providing goods, products, or services that are the same or substantially
similar to those provided by Company in the twelve month period preceding the
effective date of Executive’s termination of employment. The Executive acknowledges
that the Company and its subsidiaries are engaged in business in various states
throughout the U.S. Accordingly, and in view of the nature of Executive’s nationwide
position and responsibilities, Executive agrees that the provisions of this Section’s
restrictions shall be applicable to Executive in each state and each foreign country
in which the Executive performed work, services, or engaged in business activity on
behalf of the Company or Executive was provided confidential or proprietary
information regarding the Company’s business activities in those areas within the
twelve-month period preceding the effective date of Executive’s termination of
employment. This Section 5.5 shall not apply if the State of Employment is California.
	 
	 	5.6	 	NON-DISPARAGEMENT. During Executive’s employment with Company and
thereafter, 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	 	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

4

 

	 	 	 	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
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 the Company or an Company-affiliated entity unless required by law. In
performing the tasks outlined in this Section 5.7, 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 the Company immediately in the event there
is a request for information or inquiry pertaining to the Company, any
Company-affiliated entity, or Executive’s knowledge of or employment with the
Company. In performing responsibilities under this Section, 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 ABM or during the severance
period, , Executive shall not be so compensated.
	 
	 	5.8	 	REMEDIES AND DAMAGES. The parties agree that compliance with Sections 5.1 —
5.7 of the Agreement 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.
	 
	 	5.9	 	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.

5

 

6. EXTENSION OF EMPLOYMENT.

	 	6.1	 	RENEWAL. Absent at least 60 days written notice of termination of employment
or notice of non-renewal from Company to Executive prior to expiration of the then
current Initial or Extended Term, as applicable, of this Agreement, employment
hereunder shall continue for an Extended Term (or another Extended Term, as applicable)
of one year.
	 
	 	6.2	 	NOTICE OF NON-RENEWAL. In the event that notice of non-renewal is given 60 days
prior to the expiration of the then Initial or Extended Term, as applicable, of this
Agreement, employment shall continue on an “at will” basis following the expiration of
such Initial or Extended Term. In such event, Company shall have the right to terminate
Executive’s employment, position or compensation. Executive shall remain eligible for
Severance Benefits pursuant to ABM’s Severance Policy.

7. TERMINATION OF EMPLOYMENT.

	 	7.1	 	TERMINATION FOR CAUSE. Company may terminate Executive’s employment hereunder at
any time without notice upon a good faith determination by the Board of Cause. “Cause”
means 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 the 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 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; and, (vi) any other material breach of this
Agreement by Executive. Executive shall not be eligible for a prorated Bonus, or any
Severance Benefits, as defined below, in the event his/her employment is terminated for
Cause.
	 
	 	7.2	 	VOLUNTARY TERMINATION BY EXECUTIVE. At any time, Executive may terminate
employment hereunder by giving Company 60 days prior written notice. Executive may
terminate employment upon such shorter period of notice as may be reasonable under the
circumstances. For a voluntary termination for reasons other than the Executive’s
Disability, Executive will not receive any prorated Bonus. Executive shall not be
eligible for any Severance Benefits, as defined below, in the event of his/her
resignation. Company reserves the right to relieve Executive of his/her duties at the
Company’s discretion following notice of Executive’s intent to resign.
	 
	 	7.3	 	DISABILITY OR DEATH. Employment hereunder shall automatically terminate upon the
death of Executive and may be terminated at the Company’s discretion as a result of
Executive’s Disability. “Disability” means Executive’s substantial

6

 

	 	 	 	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 the Company. Upon termination due to death or
Disability, Company shall pay when due to Executive, or, upon death, Executive’s
designated beneficiary or estate, as applicable, any and all previously earned, but
as yet unpaid, salary, and reimbursement of business expenses which would have
otherwise been payable to Executive under this Agreement, through the end of the
month in which Disability or death occurs. In the event of termination due to death
or Disability, Company shall pay to Executive, or, in the event of death, to
Executive’s designated beneficiary or estate, as applicable, a prorated Bonus based
on the length of performance in the applicable performance period prior to
Disability or death. Any prorated Bonus payable under this paragraph shall be paid
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. .
Executive shall not be eligible for Severance Benefits, as defined below, in the
event of separation from employment due to Executive’s death or Disability.
	 
	 	7.4	 	TERMINATION WITHOUT CAUSE. Company may terminate Executive’s employment
hereunder without Cause at any time during the then-current Initial or Extended Term of
this Agreement, as applicable, by giving Executive 90 days written notice. Upon such
termination without Cause, Executive’s right to a prorated Bonus or severance benefits,
if any, shall be governed by the terms of the ABM Severance Policy or any policy or plan
of the Company as in effect from time to time that provides for payment of severance
amounts or bonuses upon such a termination of employment (“Severance Benefits”).
Executive must execute, without exercising any right of revocation, a full release of
all claims within 21 days following termination of employment in order to be eligible
for Severance Benefits.
	 
	 	7.5	 	CONDITIONS TO PAYMENT AND ACCELERATION; CODE SECTION 409A. Notwithstanding
anything contained herein to the contrary, Executive shall not be considered to have
terminated employment with the Company for purposes of this Agreement and no payments
shall be due to Executive under this Agreement or any policy or plan of the 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 the Company within the meaning of Section 409A. 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).

7

 

	 	7.6	 	EXCESS PARACHUTE PAYMENTS. Subject to a Severance Agreement between Executive and
the Company approved by the Board of Directors or the Compensation Committee of ABM
Industries Incorporated, if any amount or benefit to be paid or provided under the ABM
Severance Policy, an equity award, and/or any other agreement between Executive and the
Company would be an Excess Parachute Payment but for the application of this sentence,
then the payments and benefits to be paid or provided under the Severance Program,
equity award, and/or 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 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 90% of the
After-Tax Amount of the severance payments Executive would have received under the
Company’s Severance Policy 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 5 hereof for purposes of determining the amount, if
any, of the “excess parachute payment” under Section 280G of the Code will be made at
the expense of the Company by the Company’s independent accountants or benefits
consultant. The fact that Executive’s right to payments or 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 paragraph, Executive will be entitled to designate the payments and/or benefits
to be so reduced in order to give effect to this paragraph, provided, however, that
payments that do not constitute deferred compensation within the meaning of Section 409A
will be reduced first. The Company will provide Executive with all information
reasonably requested by Executive to permit Executive to make such designation. In the
event that Executive fails to make such designation within 10 business days after
receiving notice from the Company of a reduction under this paragraph, the Company may
effect such reduction in any manner it deems appropriate. 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.
	 
	 	7.7	 	ACTIONS UPON TERMINATION. Upon termination of employment hereunder, Executive
shall immediately resign as an officer and/or director of Company and of any Company
subsidiaries or affiliates, including any LLCs or joint ventures, as applicable. At
Company’s request, Executive also agrees to resign from the

8

 

	 	 	 	board of any Taft-Hartley trust fund joined during Executive’s employment with
Company. Executive shall promptly return and release all Company property and
Confidential Information, in all forms, in Executive’s possession to Company.
Company shall pay Executive when due any and all previously earned, but as yet
unpaid, salary and reimbursement of business expenses submitted in accordance with
Company policy as in effect.
	 
	 	7.8	 	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.

8. NOTICES.

	 	8.1	 	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:
	 	(Executive Name)
	 

	 	 	 	(Home Address)
	 

	 	 	 	(City, ST Zip)
	 

	 	 	 	Email: (email)
	 
	 	 	 	 
	 

	 	Company:
	 	(Legal Company Name)
	 

	 	 	 	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

	 	8.2	 	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.

9. GENERAL PROVISIONS.

	 	9.1	 	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.

9

 

	 	9.2	 	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.
	 
	 	9.3	 	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 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.
	 
	 	9.4	 	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 — 5.7 of this Agreement, shall remain in full
force and effect after the termination of this Agreement.
	 
	 	9.5	 	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 he/she will not make any unauthorized use of any
confidential or Confidential Information of any third party in the performance of
his/her 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.
	 
	 	9.6	 	ENTIRE AGREEMENT. Unless otherwise specified herein, this Agreement 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 an authorized representative of Company.

	 	9.6.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.

10

 

	 	9.6.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 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, 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.
	 
	 	9.7.c	 	 AMENDMENTS. This Agreement may not be amended
except in a writing approved by the Board and signed by the Executive
and the President or Chief Executive of Company.

11

 

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

	 	 	 	 	 	 	 	 	 

	 

	 	Executive:
	 	(Executive Name)	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Signature:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	Date:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	Company:
	 	(Legal Company Name)	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Signature:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	Date:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 

12

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