Document:

exv10w5

Exhibit 10.5

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT

AND NONCOMPETITION AGREEMENT

     This Amended and Restated Employment and Noncompetition Agreement (“Agreement”) is entered
into between Rental Service Corporation, (the “Company” or “Rental Service Corporation”) and
[                    ] (“Executive”), effective as of                     , 2010.

RECITALS

     WHEREAS, the Company operates its equipment rental business which has store locations
throughout North America (such business as operated by the Company is referred to herein as the
“Business”).

     WHEREAS, the Company’s life-blood is its Confidential Information, including but not limited
to customer databases, marketing and sales objectives and strategies, customer lists, information
regarding existing customer preferences, habits, and needs, information regarding prospective
customers, details of past, pending and contemplated transactions, price lists, pricing policies,
sales data, training materials, and customer proposals, information developed about the Company’s
competitors, systems, strategies, designs, processes, procedures, market data, know-how,
compilations of technical and non-technical data, advertising and promotional plans, and financial
and other projections, which information has been collected over a significant amount of time and
at great effort and expense.

     WHEREAS, the Company would be placed at an unfair competitive disadvantage if Employee were
able to use the Company’s Confidential Information and goodwill for his or her own benefit, or for
the benefit of anyone other than the Company.

     WHEREAS, with the assurances contained in the agreement, the Company desires to employ
Executive as [                    ], in which position he will not only have access to the Company’s
Confidential Information but also will have the duty to expand and improve such information.

     WHEREAS, Executive desires to be employed by the Company in this position and is willing to do
so upon the terms contained herein.

     WHEREAS, the Company and Executive are currently parties to the Executive Employment and
Noncompetition Agreement, dated as of [                    ] which the parties desire to amend and restate
effective as of the date hereof.

 

 

AGREEMENT

     NOW, THEREFORE, as a condition of employment, and for other good and valuable consideration,
including without limitation continued employment and/or promotion or advancement, which Executive
agrees is sufficient consideration for this Agreement, and in consideration of the mutual promises
and covenants set forth below, the Company and Executive agree as follows:

ARTICLE I

EMPLOYMENT

     Section 1.1. Employment & Position. The Company shall employ Executive as
[                    ] at the RSC Headquarters location in Scottsdale, AZ. [Executive shall be a
member of, and shall report to, the Board of Directors of Atlas Copco North America Inc. (to be
renamed                     )]1. During Executive’s employment hereunder, Executive shall devote
all necessary energies, experience, skills, abilities, knowledge and productive time to the
performance of duties under this Agreement and shall not render to others services that interfere
with the performance of his duties with the Company under this Agreement. The rendering of
services to others shall be subject to the approval of the Board.

     Section 1.2. Duties. Executive’s primary responsibilities shall be to perform
those duties customarily performed by the [                    ] of a similar company.

     Section 1.3. Term of Employment. Executive shall be employed as herein set
forth, commencing on the date set forth above and continuing until terminated by either party in
accordance with section 2.5 below (the “Employment Term”).

ARTICLE II

COMPENSATION

     Section 2.1. Base Salary. Executive’s salary (the “Base Salary”) shall be
$[Current Base] per annum for the term of this Agreement and/or as increased, after review by the
Board at the time and in accordance with Company policies as in effect from time to time. Base
Salary shall be payable in accordance with the standard payroll practices of the Company.

     Section 2.2. Variable Compensation. In addition to his Base Salary, Executive
will be eligible to receive Variable Compensation, in accordance with the

 

			
	1	 	For the CEO only.

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Company’s Variable Compensation Plan as in effect from time to time, and which will provide
him with additional incentive opportunity with a target of [___%] of his Base Salary and a maximum
of [___%] of his Base Salary.

     Section 2.3. Equity Incentive. Executive will be offered the opportunity to
participate in the Atlas Copco North America Inc. (to be renamed                     ) Stock Incentive Plan
at such level and on such terms as the Board determines appropriate.

     Section 2.4. Other Benefits. During the Employment Term, Executive shall be
entitled to all benefits and conditions of employment generally provided to other RSC Company
executives, subject to the same eligibility and other reasonable conditions of Company benefit
programs and to country related differences, including, but not limited to, medical, dental, life
insurance, non-qualified deferred compensation programs, sick leave, disability, automobile
allowance (                     per month) or [company provided vehicle] and participation in any retirement
plan. In addition, benefits shall include, but not be limited to [a] not less than
[                    ] weeks’ vacation per year [and (b) an annual tax and financial planning services
allowance of up to [                    ]].

     Section 2.5. Employment Separation.

     (a) Severance Benefits: The Company may, at its sole discretion, terminate
Executive’s employment at any time, provided however, that if the Company severs Executive’s
employment for any reason other than for Cause or if Executive terminates his employment for Good
Reason, the Company shall provide the following severance payments and benefits (collectively
“Severance Benefits”), less all applicable federal and state income and withholding taxes, in
exchange for a full and complete release of all claims against the Company, in the form customarily
used by the Company, executed by Executive:

	 	1.	 	[                    ] months of Base Salary (the “Severance Period”),
plus a pro-rata portion of variable compensation for the calendar year, or if
variable compensation is to be paid quarterly then for the calendar quarter,
in which the severance occurs up to the separation date, such pro rata bonus
to be equal to the variable compensation Executive would have earned had
Executive remained employed through the end of the applicable period (pro
rated based on the number of days employed in such period). Executive’s
entitlement to and the amount of any variable compensation under this Section
2.5(a) (1) shall be determined at the sole discretion of the Company. The
Base Salary shall be payable in accordance with the Company’s regular payroll
practices, and the pro rata variable compensation payments shall be payable at
the time that other variable compensation payments are made under the
applicable Variable Compensation Plan.

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	 	 	 	Notwithstanding the payment schedule described in this paragraph, if
Executive is a Specified Employee (as defined in Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”)) and becomes
entitled to the payment described in this Section 2.5 as a result of a
separation of service as defined by Section 409A(a)(2)(i) of the Code,
then the portion of such payment treated as “separation pay” for purposes
of Section 409A shall not be paid prior to the date which is six (6)
months after the date of the Executive separation from service shall be
accumulated and paid to Executive in a lump sum amount on the first date
of the seventh month following the date of separation from service.
	 
	 	 	 	Executive’s entitlement to the foregoing severance payments is contingent
on his continued compliance with the confidentiality, non-competition and
non-solicitation provisions outlined in Sections 3.1, 3.2, 4.2 and 4.3
herein. Executive understands that if the Company determines that he has
violated the confidentiality provisions, covenant not to compete or
non-solicitation provisions, the Company will not make any further
severance payments, and will be entitled to reimbursement from Executive
of any severance amounts already paid to him, all in addition to any other
remedy to which the Company may.
	 
	 	2.	 	Upon his separation from service, if Executive is eligible
and enrolled in the Company’s medical and dental benefit programs, the Company
will provide the necessary forms, including COBRA notifications, to transfer
the responsibility and right to continue those benefits to Executive, which
under COBRA are typically at his expense, for the time period allowed by law
or under the applicable programs. However, assuming Executive is eligible and
elects to continue those benefits, the Company will continue to pay the same
proportion of Executive’s medical and dental insurance premiums under COBRA as
during active employment (for Executive and eligible dependents) until the
earlier of: (1) the expiration of the Severance Period; or (2) the date
Executive is eligible for medical and dental insurance benefits by another
employer.
	 
	 	3.	 	Upon termination of employment, Executive is not eligible to
continue participation in the Company group life insurance program. The
Company will therefore pay, at the Company’s option, the premiums during the
Severance Period that are either (i) applicable to a conversion of the
coverage (equal to the amount

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	 	 	 	normally provided to an employee without payment by the employee) from
group to individual coverage; or (ii) that will support the same level of
coverage in a term life policy. The company’s obligation under this
sub-section is to provide the required insurance and Executive is not
entitled to a cash payment in substitution thereof.
	 
	 	4.	 	If Executive is not fully vested in the Company’s 401(k)
and/or other retirement/pension plan on the date of separation, the Company
shall pay Executive an amount equal to the unvested portion of such
account(s).
	 
	 	5.	 	The Company on the date of separation will provide
professional outplacement counseling and services consistent with other
Executives at similar compensation levels. No cash lump sum payment in lieu
of outplacement services will be provided to Executive.
	 
	 	6.	 	During the Severance Period, the Company will continue to pay
for Executive’s reasonable association fees related to Executive’s former
duties and responsibilities if and to the extent previously paid by the
Company.
	 
	 	7.	 	The Company shall, except in the case of any termination of
Executive’s employment for Cause, give the Executive no less than 30 days’
prior written notice of termination of employment. In the event the Company
gives such notice, the Executive shall be under no obligation to render
additional services and shall be allowed to seek other employment,
provided that the Severance Period shall be reduced accordingly if
Executive so ceases to provide services to the Company.

“Good Reason” shall mean the occurrence, without Executive’s consent, of any of the following: (i)
a material diminution in, or assignment of duties material inconsistent with Executive’s position
(including status, offices, titles and reporting relationships), (ii) a reduction in Base Salary
that is not part of across-the-board reduction, (iii) a relocation of Executive’s principal place
of business to a location that is greater than fifty (50) miles from its current location or (iv)
the Company’s material breach of the Agreement.

     (b) For Cause. The Company may, at its sole discretion, terminate Executive’s
employment at any time during the Employment Term “For Cause”. The term “For Cause” means: (1)
the failure of Executive to implement or adhere to material policies, practices, or directives of
the Company, including of the Board; (2) conduct of a fraudulent and/or criminal nature; (3) any
action of Executive outside the scope of his

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employment duties that results in material financial harm to the Company, (4) conduct that is
in violation of any provision of this Agreement or any other agreement between the Company or any
of its affiliates and Executive (including any noncompetition, noninterference, nonsolicitation or
confidentiality agreement); or (5) solely for purposes of this Section 2.5 , death or disability
as defined hereinafter.

     (c) Disability. Within the parameters allowed by federal and state law, the Company
reserves the right to terminate Executive’s employment or place him on unpaid leave if Executive is
incapacitated due to physical or mental illness and cannot perform the essential functions of his
job with or without a reasonable accommodation.

     (d) Voluntary Resignation by Executive. Executive shall have the right to terminate
this Agreement at any time. Executive agrees to provide the Company with thirty (30) days prior
written notice of any such intended resignation. The Company’s obligation to pay Executive’s Base
Salary, variable compensation and other benefits shall cease as of Executive’s date of separation.
Executive shall not be entitled to any Severance Benefits if he resigns (other than for Good
Reason).

ARTICLE III

CONFIDENTIAL INFORMATION

     Section 3.1. Confidential Information. Executive’s position with the Company
will, and have, necessarily give him access to, contact with and knowledge of certain trade
secrets, and confidential and proprietary business information of the Company. This information
includes but is not limited to employee information, union information, employment and union
litigation and claim information, marketing and sales objectives and strategies, customer lists,
information regarding existing customer preferences, habits and needs, information regarding
prospective customers, details of past, pending and contemplated transactions, price lists, pricing
policies, sales data, training materials, customer proposals, information developed about Company’s
competitors, systems, strategies, designs, processes, procedures, growth plans, market data,
know-how, compilations of technical and non-technical data, advertising and promotional plans and
strategies, and financial and other projections relating to the Business, which are not generally
known to or readily ascertainable through legitimate means by the public or by competitors of the
Company (hereinafter collectively referred to as “Confidential Information”). Executive shall not
at any time disclose the Confidential Information to anyone, except on a need-to-know basis in
connection with Executive’s duties in carrying out the business of the Company. Executive shall
not use any Confidential Information for his own benefit, or for the benefit of anyone other than
the Company or its affiliates.

     Section 3.2. Ownership of Records, Etc. All records, reports, notes,
compilations or other recorded matter, and copies or reproductions thereof, in whatever

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media form, relating to the Confidential Information of the Company, operations, activities or
business, made or received by Executive during any past employment or future period of employment
with the Company are and shall be the exclusive property of the Company. Executive shall keep the
same at all times in his custody, subject to control by the Company and Executive shall surrender
the same at the end of his employment, if not before. Failure to return such property upon the
request of the Company during Executive’s Employment Term or thereafter shall be a material breach
of this Agreement.

     Section 3.3. Injunctive Relief. Executive acknowledges that (a) the
provisions of Section 3.1 and Section 3.2 are reasonable and necessary to protect the legitimate
interests of the Company, and (b) any violation of Section 3.1 or Section 3.2 will result in
irreparable injury to the Company, the exact amount of which will be difficult to ascertain, and
that the remedies at law for any such violation would not be reasonable or adequate compensation to
the Company for such a violation. Accordingly Executive agrees that if he violates, or under the
then existing circumstances it seems reasonable likely that there may occur a violation of, the
provisions of Section 3.1 or Section 3.2, in addition to any other remedy which may be available at
law or in equity, the Company shall be entitled to specific performance and injunctive relief,
without posting bond or other security, and without the necessity of proving actual damages.

ARTICLE IV

COVENANT NOT TO COMPETE

     Section 4.1. Recitals. Executive acknowledges and agrees that he has
technical and other extensive expertise associated with the Business and is well known in the
equipment rental industry. In addition, Executive has valuable business contacts with employees,
potential employees, clients, and potential clients of the Business and with professionals in the
equipment rental industry. Furthermore, Executive’s reputation and goodwill are an integral part
of the Company’s success throughout the areas where the Business is and will be conducted. If
Executive deprives the Company of any of his goodwill or in any manner uses his reputation and
goodwill in competition with the Company, the Company will be deprived of the benefits it has
bargained for pursuant to this Agreement. Since Executive has the ability to compete with the
Company in the operation of the Business, the Company therefore desires that Executive enter into
this Covenant Not To Compete.

     Section 4.2. Covenant Not to Compete. Executive agrees that during his
employment with Rental Service Corporation and for a period of [                    ] months commencing
immediately after the end of his employment (the “Time Period”), he shall not, unless acting with
the Company’s prior written consent (which may be withheld at the Company’s sole discretion),
directly or indirectly own, manage, join, operate or control, participate in the ownership,
operation or control of, or be connected as a

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director, officer, partner, or consultant, or permit his name to be used in connection with
the following businesses or organizations that rent or lease construction or construction-related
equipment within the United States, Canada and Mexico (collectively “the Territory”): Caterpillar,
United Rentals, Sunbelt Rentals and its parent Ashtead Group plc, Neff Rental, Hertz, Volvo,
National Equipment Services and Maxim Crane Works or, in the alternative, any business or
organization not listed above that rents or leases construction or construction-related equipment
that has gross revenues of $100 million or more, or has a total employee base of 500 employees or
more or that has plans to enter into the construction-related equipment rental or leasing business
in the Territory.

The parties agree that if a court of competent jurisdiction determines that the Time Period for
purposes of this Section 4.2 is unreasonably long and found to be an unenforceable term, the Time
Period for purposes of this Section 4.2 shall be shortened to the maximum duration enforceable
under applicable law.

If a court of competent jurisdiction determines that the Territory is an unreasonable geographic
scope for this provision, the Territory shall be deemed reformed to include the United States and
Canada, excluding Mexico. If a court of competent jurisdiction determines that the Territory of
the United States and Canada is an unreasonable geographic scope for this provision, the Territory
shall be deemed reformed to include the United States.

     Section 4.3. No Solicitation of Customers or Employees. Executive agrees
that:

     (a) During his employment with Rental Service Corporation and for the Time Period, he shall
not, directly or indirectly, call on or solicit or divert or take away from Rental Service
Corporation or any of its affiliates (including by divulging to any competitor or potential
competitor of Rental Service Corporation) any person, firm, corporation, or other entity who is a
customer of Rental Service Corporation or its affiliates and whom Executive had contact with
through any of his employment with Rental Service Corporation.

     (b) During his employment with Rental Service Corporation and for the Time Period, he shall
not, directly or indirectly, solicit employment of any employee of Rental Service Corporation or
any employee of any affiliate of Rental Service Corporation for employment with any entity that
rents or leases construction or construction-related equipment in the Territory as defined in
Section 4.2.

     (c) The parties agree that if a court of competent jurisdiction determines that the Time
Period is unreasonably long and deemed unenforceable as defined herein in Sections 4.3(a) or (b),
the Time Period for purposes of Sections 4.3(a) or (b), as applicable, shall be shortened to the
maximum duration enforceable under applicable law.

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     Section 4.4. Severability of Provisions. In the event that the provisions of
this Section should ever be adjudicated by a court of competent jurisdiction to exceed the time or
geographic or other limitations permitted by applicable law, then such provisions shall be deemed
reformed to the maximum time or geographic or other limitations permitted by applicable law, as
determined by such court in such action. Each breach of the covenants set forth herein shall give
rise to a separate and independent cause of action.

     Section 4.5. Injunctive Relief. Executive acknowledges that (a) the
provisions of Section 4.2 and Section 4.3 are reasonable and necessary to protect the legitimate
interests of the Company, and (b) any violation of Section 4.2 or Section 4.3 will result in
irreparable injury to the Company, the exact amount of which will be difficult to ascertain, and
that the remedies at law for any such violation would not be reasonable or adequate compensation to
the Company for such a violation. Accordingly, Executive agrees that if he violates, or under the
then existing circumstances it seems reasonable likely that there may occur a violation of, the
provisions of Section 4.2 or Section 4.3, in addition to any other remedy which may be available at
law or in equity, the Company shall be entitled to specific performance and injunctive relief,
without posting bond or other security, and without the necessity of proving actual damages.

     Section 4.6. Equitable Tolling. The restrictive time periods referred to in
Sections 4.2 and 4.3 shall be tolled and extended by one month for each month or portion of each
month during which Employee is in violation of the restrictions. If Company initiates legal action
to enforce the restrictions and obtains an injunction against Employee; then the appropriate
restrictive time period(s) will begin to run on the date that the injunction is entered.

ARTICLE V

GENERAL PROVISIONS

     Section 5.1. Assignment. Neither this Agreement nor any of the rights or
obligations hereunder may be assigned by any party without the prior written consent of the other
parties except that the Company may, without such consent, assign all such rights and obligations
to a wholly-owned subsidiary or newly created legal entity (or a partnership controlled by the
Company) or subsidiaries of the Company or to a successor in interest to the Company which shall
assume all obligations and liabilities hereunder.

     Section 5.2. Sole and Entire Agreement. This Agreement constitutes the entire
existing agreement between the parties with respect to the subject matter hereof, and completely
and correctly expresses all of the rights and obligations of the parties, except that the parties
acknowledge that a special severance benefit and a special retention benefit have been offered and
accepted by Executive contemporaneously with the Prior Agreement. It is the intent of the parties
that if the conditions set forth in the

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General Terms applicable to the special severance benefit and the special retention benefit
have been fulfilled, Executive shall become entitled to the benefits set forth in the letters
offering the same to him, and such letters, together with the said General Terms shall supersede
this Agreement, but only to the extent that the same are inconsistent herewith. All prior
agreements including but not limited to prior employment agreements, severance agreements and/or
change in control agreements, are completely superseded and revoked. Executive expressly agrees
that reliance on any oral representation(s) is unreasonable.

     Section 5.3. Waivers. The waiver in any particular instance or series of
instances of any term or condition of this Agreement or any breach hereof by any party shall not
constitute a waiver of such term or condition or of any breach thereof in any other instance.

     Section 5.4. Amendment. This Agreement is subject to amendment only by
subsequent written agreement between, and executed by, the parties hereto.

     Section 5.5. Separability. If any one or more provisions, clauses,
paragraphs, subclauses or subparagraphs contained in this Agreement shall for any reason be held to
be invalid, illegal, void or unenforceable, the same shall not affect any other provision, clause,
paragraph, subclause or subparagraph of this Agreement, but this Agreement shall be construed as if
such invalid, illegal, void or unenforceable provision, clause, paragraph, subclause or
subparagraph had never been contained herein.

     Section 5.6. Time Is of the Essence. Time is of the essence in this
Agreement. Any time limit mentioned herein has been carefully considered and represents the agreed
absolute outside limit of time within which the applicable right must be exercised. The parties
may extend such time limit only by mutual agreement in writing.

     Section 5.7. Duration of Obligations. Executive’s obligations under Article
III and Article IV of this Agreement (especially those relating to confidentiality, non-competition
and non-solicitation) shall continue after his employment with the Company is ended, regardless of
the nature or reason for such termination.

     Section 5.8. Attorneys’ Fees. In the event of a dispute, a court or an
arbitrator may award attorneys’ fees to the prevailing party.

     Section 5.9. Captions; Definitions. Any captions of articles, sections,
subsections or paragraphs of this Agreement are solely for the convenience of the parties and are
not a part of this Agreement or to be used for the interpretation of this Agreement or any
provision hereof.

     Section 5.10. Applicable Law. This Agreement shall be construed and
interpreted in accordance with the internal substantive laws, and not the choice of law

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rules of the State of Arizona. Except where this Agreement provides for injunctive relief,
all disputes arising out of or in connection with this Agreement shall be finally settled under the
Rules of Arbitration of the [American Arbitration Association] by a single arbitrator appointed in
accordance with the said Rules.

     Section 5.11. Confidentiality. The parties agree that the terms of this
Agreement are to be held confidential and shall not be disclosed to any other person or entity,
except as required by law or legal process, and except that either party may disclose the terms
thereof to its or his legal counsel or tax advisors.

     Section 5.12. Voluntary Agreement and Legal Counsel. Executive has been
encouraged to review this Agreement with his legal and other expert counsel and has freely entered
into this Agreement.

The signature page follows

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     IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement or caused this
Agreement to be duly executed on their respective behalf, by their respective officers thereunto
duly authorized, all effective as of the day and year first above written.

	 	 	 	 	 	 	 	 	 	 	 
	Rental Service Corporation:	 	 	 	Employee:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 

12exv10w12

Exhibit 10.12

Form of Indemnification Agreement

     INDEMNIFICATION AGREEMENT, dated as of •, 2010, between RSC Holdings Inc., a Delaware
corporation (the “Company”), and • (“Indemnitee”).

     WHEREAS, qualified persons are reluctant to serve corporations as directors, officers or
otherwise unless they are provided with broad indemnification and insurance against claims arising
out of their service to and activities on behalf of the corporations; and

     WHEREAS, the Company has determined that attracting and retaining such persons is in the best
interests of the Company’s stockholders and that it is reasonable, prudent and necessary for the
Company to indemnify such persons to the fullest extent permitted by applicable law and to provide
reasonable assurance regarding insurance;

     NOW, THEREFORE, the Company and Indemnitee hereby agree as follows:

     1. Defined Terms; Construction.

          (a) Defined Terms. As used in this Agreement, the following terms shall have the
following meanings:

     “Affiliate” means, with respect to any Person, (i) any other Person directly
or indirectly Controlling, Controlled by or under common Control with, such Person (ii) any
Person directly or indirectly owning or Controlling 10% or more of any class of outstanding voting
securities of such Person or (iii) any officer, director, general partner or trustee of any
such Person described in clause (i) or (ii). “Control” of any Person shall consist of the
power to direct the management and policies of such Person (whether through the ownership of voting
securities, by contract, as trustee or executor, or otherwise).

     “Change in Control” means, and shall be deemed to have occurred if, on or after the
date of this Agreement, (i) any “person” (as such term is used in Sections 13(d) and 14(d)
of the Securities Exchange Act of 1934, as amended), other than (A) a trustee or other
fiduciary holding securities under an employee benefit plan of the Company or any of its
subsidiaries acting in such capacity, or (B) the Investors, is or becomes the “beneficial
owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the
Company representing more than 50% of the total voting power represented by the Company’s then
outstanding Voting Securities, (ii) during any period of two consecutive years, individuals
who at the beginning of such period constitute the board of directors of the Company and any new
director whose election by the board of directors of the Company or nomination for election by the
Company’s stockholders was approved by a vote of at least two thirds (2/3) of the directors then
still in office who

 

 

either were directors at the beginning of the period or whose election or nomination for
election was previously so approved, cease for any reason to constitute a majority thereof,
(iii) the consummation of any merger or consolidation of the Company with any other
corporation other than a merger or consolidation that would result in the Voting Securities of the
Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into Voting Securities of the surviving entity) at least 50% of
the total voting power represented by the Voting Securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation, (iv) the complete liquidation
of the Company or the sale or disposition by the Company of (in one transaction or a series of
related transactions) all or substantially all of its assets, or (v) the Company shall file
or have filed against it, and such filing shall not be dismissed, any bankruptcy, insolvency or
dissolution proceedings, or a trustee, administrator or creditors committee shall be appointed to
manage or supervise the affairs of the Company.

     “Corporate Status” means the status of a person who is or was a director (or a member
of any committee of a board of directors), officer, employee or agent (including without limitation
a manager of a limited liability company) of the Company or any of its subsidiaries, or of any
predecessor thereof, or is or was serving at the request of the Company as a director (or a member
of any committee of a board of directors), officer, employee or agent (including without limitation
a manager of a limited liability company) of another corporation, limited liability company,
partnership, joint venture, trust or other enterprise, or of any predecessor thereof, including
service with respect to an employee benefit plan.

     “Determination” means a determination that either (x) there is a reasonable
basis for the conclusion that indemnification of Indemnitee is proper in the circumstances because
Indemnitee met a particular standard of conduct (a “Favorable Determination”) or
(y) there is no reasonable basis for the conclusion that indemnification of Indemnitee is
proper in the circumstances because Indemnitee met a particular standard of conduct (an
"Adverse Determination”). An Adverse Determination shall include the decision that a
Determination was required in connection with indemnification and the decision as to the applicable
standard of conduct.

     “DGCL” means the General Corporation Law of the State of Delaware, as amended from
time to time.

     “Expenses” means all attorneys’ fees and expenses, retainers, court, arbitration and
mediation costs, transcript costs, fees of experts, bonds, witness fees, costs of collecting and
producing documents, travel expenses, duplicating costs, printing and binding costs, telephone
charges, postage, delivery service fees and all other disbursements or expenses of the types
customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend,
investigating, being or preparing to be a witness in, appealing or otherwise participating in a
Proceeding.

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     “Independent Legal Counsel” means an attorney or firm of attorneys competent to render
an opinion under the applicable law, selected in accordance with the provisions of Section 5(e),
who has not otherwise performed any services for the Company or any of its subsidiaries or for
Indemnitee within the last three years (other than with respect to matters concerning the rights of
Indemnitee under this Agreement or of other Indemnitees under indemnity agreements similar to this
Agreement).

     “Investors” means, collectively, (i) RSC Acquisition LLC, RSC Acquisition II
LLC, OHCP II RSC, LLC, OHCMP II RSC, LLC and OHCP II RSC COI, LLC, (ii) any Affiliate of
any of the foregoing, including any investment fund or vehicle managed, sponsored or advised by any
of the foregoing and (iii) any successor in interest to any of the foregoing.

     “Person” means an individual, corporation, limited liability company, limited or
general partnership, trust or other entity, including a governmental or political subdivision or an
agency or instrumentality thereof.

     “Proceeding” means a threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative, including without limitation a claim,
demand, discovery request, formal or informal investigation, inquiry, administrative hearing,
arbitration or other form of alternative dispute resolution, including an appeal from any of the
foregoing.

     “Voting Securities” means any securities of the Company that vote generally in the
election of directors.

          (b) Construction. For purposes of this Agreement,

          (i) References to the Company and any of its “subsidiaries” shall include any
corporation, limited liability company, partnership, joint venture, trust or other entity
or enterprise that before or after the date of this Agreement is party to a merger or
consolidation with the Company or any such subsidiary or that is a successor to the Company
as contemplated by Section 8(d) (whether or not such successor has executed and delivered
the written agreement contemplated by Section 8(d)).

          (ii) References to “fines” shall include any excise taxes assessed on Indemnitee with
respect to an employee benefit plan.

          (iii) References to a “witness” in connection with a Proceeding shall include any
interviewee or person called upon to produce documents in connection with such Proceeding.

3

 

     2. Agreement to Serve.

     Indemnitee agrees to serve as a director and/or officer of the Company or one or more of its
subsidiaries and in such other capacities as Indemnitee may serve at the request of the Company
from time to time, and by its execution of this Agreement the Company confirms its request that
Indemnitee serve as a director and/or in such other capacities. Indemnitee shall be entitled to
resign or otherwise terminate such service with immediate effect at any time, and neither such
resignation or termination nor the length of such service shall affect Indemnitee’s rights under
this Agreement. This Agreement shall not constitute an employment agreement, supersede any
employment agreement to which Indemnitee is a party or create any right of Indemnitee to continued
employment or appointment.

     3. Indemnification.

          (a) General Indemnification. The Company shall indemnify Indemnitee, to the fullest
extent permitted by applicable law in effect on the date hereof or as amended to increase the scope
of permitted indemnification, against Expenses, losses, liabilities, judgments, fines, penalties
and amounts paid in settlement (including all interest, assessments and other charges in connection
therewith) incurred by Indemnitee or on Indemnitee’s behalf in connection with any Proceeding in
any way connected with, resulting from or relating to Indemnitee’s Corporate Status.

          (b) Additional Indemnification Regarding Expenses. Without limiting the foregoing, in
the event any Proceeding is initiated by Indemnitee or the Company or any of its subsidiaries to
enforce or interpret this Agreement or any rights of Indemnitee to indemnification or advancement
of Expenses (or related obligations of Indemnitee) under the Company’s or any such subsidiary’s
certificate of incorporation or bylaws, any other agreement to which Indemnitee and the Company or
any of its subsidiaries are party, any vote of stockholders or directors of the Company or any of
its subsidiaries, the DGCL, any other applicable law or any liability insurance policy, the Company
shall indemnify Indemnitee against all Expenses incurred by Indemnitee or on Indemnitee’s behalf in
connection with such Proceeding, whether or not Indemnitee is successful in such Proceeding, except
to the extent that the court presiding over such Proceeding determines that material assertions
made by Indemnitee in such Proceeding were in bad faith or were frivolous.

          (c) Partial Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for a portion of any Expenses, losses, liabilities,
judgments, fines, penalties and amounts paid in settlement incurred by Indemnitee, but not for the
total amount thereof, the Company shall nevertheless indemnify Indemnitee for such portion.

4

 

          (d) Nonexclusivity. The indemnification provided by this Agreement shall not be
deemed exclusive of any rights to which Indemnitee may be entitled under the Company’s certificate
of incorporation or bylaws, any agreement, any vote of stockholders or directors, the DGCL, any
other applicable law or any liability insurance policy.

          (e) Exceptions. Any other provision herein to the contrary notwithstanding, the
Company shall not be obligated under the Agreement to indemnify Indemnitee:

          (i) For Expenses incurred in connection with Proceedings initiated or brought
voluntarily by the Indemnitee and not by way of defense, counterclaim or crossclaim, except
(x) as contemplated by Section 3(b), (y) in specific cases if the board of
directors of the Company has approved the initiation or bringing of such Proceeding, and
(z) as may be required by law.

          (ii) For any profits arising from the purchase and sale by the Indemnitee of
securities within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as
amended, or any similar successor statute that the Company is entitled thereunder to
recover from Indemnitee.

          (f) Subrogation. In the event of payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee, who
shall execute such documents and do such acts as the Company may reasonably request to secure such
rights and to enable the Company effectively to bring suit to enforce such rights.

     4. Advancement of Expenses.

     The Company shall pay all Expenses incurred by Indemnitee in connection with any Proceeding in
any way connected with, resulting from or relating to Indemnitee’s Corporate Status, other than a
Proceeding initiated by Indemnitee for which the Company would not be obligated to indemnify
Indemnitee pursuant to Section 3(e)(i), in advance of the final disposition of such Proceeding and
without regard to whether Indemnitee will ultimately be entitled to be indemnified for such
Expenses and without regard to whether an Adverse Determination has been made, except as
contemplated by the last sentence of Section 5(f). Indemnitee shall repay such amounts advanced if
and to the extent that it shall ultimately be determined in a decision by a court of competent
jurisdiction from which no appeal can be taken that Indemnitee is not entitled to be indemnified by
the Company for such Expenses. Such repayment obligation shall be unsecured and shall not bear
interest.

5

 

     5. Indemnification Procedure.

          (a) Notice of Proceeding; Cooperation. Indemnitee shall give the Company notice in
writing as soon as practicable of any Proceeding for which indemnification will or could be sought
under this Agreement, provided that any failure or delay in giving such notice shall not
relieve the Company of its obligations under this Agreement unless and to the extent that
(i) none of the Company and its subsidiaries are party to or aware of such Proceeding and
(ii) the Company is materially prejudiced by such failure.

          (b) Settlement. The Company will not, without the prior written consent of
Indemnitee, which may be provided or withheld in Indemnitee’s sole discretion, effect any
settlement of any Proceeding against Indemnitee or which could have been brought against Indemnitee
unless such settlement solely involves the payment of money by persons other than Indemnitee and
includes an unconditional release of Indemnitee from all liability on any matters that are the
subject of such Proceeding and an acknowledgment that Indemnitee denies all wrongdoing in
connection with such matters. The Company shall not be obligated to indemnify Indemnitee against
amounts paid in settlement of a Proceeding against Indemnitee if such settlement is effected by
Indemnitee without the Company’s prior written consent, which shall not be unreasonably withheld.

          (c) Request for Payment; Timing of Payment. To obtain indemnification payments or
advances under this Agreement, Indemnitee shall submit to the Company a written request therefor,
together with such invoices or other supporting information as may be reasonably requested by the
Company and reasonably available to Indemnitee. The Company shall make indemnification payments to
Indemnitee no later than 30 days, and advances to Indemnitee no later than five business days,
after receipt of the written request of Indemnitee.

          (d) Determination. The Company intends that Indemnitee shall be indemnified to the
fullest extent permitted by law as provided in Section 3 and that no Determination shall be
required in connection with such indemnification. In no event shall a Determination be required in
connection with advancement of Expenses pursuant to Section 4 or in connection with indemnification
for Expenses incurred as a witness or incurred in connection with any Proceeding or portion thereof
with respect to which Indemnitee has been successful on the merits or otherwise. Any decision that
a Determination is required by law in connection with any other indemnification of Indemnitee, and
any such Determination, shall be made within 30 days after receipt of Indemnitee’s written request
for indemnification, as follows:

          (i) If no Change in Control has occurred, (w) by a majority vote of the
directors of the Company who are not parties to such Proceeding, even though less than a
quorum, with the advice of Independent Legal Counsel, or (x)

6

 

by a committee of such directors designated by majority vote of such directors, even
though less than a quorum, with the advice of Independent Legal Counsel, or (y) if
there are no such directors, or if such directors so direct, by Independent Legal Counsel
in a written opinion to the Company and Indemnitee, or (z) by the stockholders of
the Company.

          (ii) If a Change in Control has occurred, by Independent Legal Counsel in a written
opinion to the Company and Indemnitee.

The Company shall pay all Expenses incurred by Indemnitee in connection with a Determination.

          (e) Independent Legal Counsel. If there has not been a Change in Control, Independent
Legal Counsel shall be selected by the board of directors of the Company and approved by Indemnitee
(which approval shall not be unreasonably withheld or delayed). If there has been a Change in
Control, Independent Legal Counsel shall be selected by Indemnitee and approved by the Company
(which approval shall not be unreasonably withheld or delayed). The Company shall pay the fees and
expenses of Independent Legal Counsel and indemnify Independent Legal Counsel against any and all
expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to
its engagement.

          (f) Consequences of Determination; Remedies of Indemnitee. The Company shall be bound
by and shall have no right to challenge a Favorable Determination. If an Adverse Determination is
made, or if for any other reason the Company does not make timely indemnification payments or
advances of Expenses, Indemnitee shall have the right to commence a Proceeding before a court of
competent jurisdiction to challenge such Adverse Determination and/or to require the Company to
make such payments or advances. Indemnitee shall be entitled to be indemnified for all Expenses
incurred in connection with such a Proceeding in accordance with Section 3(b) and to have such
Expenses advanced by the Company in accordance with Section 4. If Indemnitee fails to challenge an
Adverse Determination, or if Indemnitee challenges an Adverse Determination and such Adverse
Determination has been upheld (including, if applicable, by reason of such challenge having been
untimely) by a final judgment of a court of competent jurisdiction from which no appeal can be
taken, then, to the extent and only to the extent required by such Adverse Determination or final
judgment, the Company shall not be obligated to indemnify or advance Expenses to Indemnitee under
this Agreement.

          (g) Presumptions; Burden and Standard of Proof. In connection with any Determination,
or any review of any Determination, by any person, including a court:

          (i) It shall be a presumption that a Determination is not required.

7

 

          (ii) It shall be a presumption that Indemnitee has met the applicable standard of
conduct and that indemnification of Indemnitee is proper in the circumstances.

          (iii) The burden of proof shall be on the Company to overcome the presumptions set
forth in the preceding clauses (i) and (ii), and each such presumption shall be overcome
only if the Company establishes that there is no reasonable basis to support it.

          (iv) The termination of any Proceeding by judgment, order, finding, settlement
(whether with or without court approval) or conviction, or upon a plea of nolo contendere,
or its equivalent, shall not create a presumption that indemnification is not proper or
that Indemnitee did not meet the applicable standard of conduct or that a court has
determined that indemnification is not permitted by this Agreement or otherwise.

          (v) Neither the failure of any person or persons to have made a Determination nor an
Adverse Determination by any person or persons shall be a defense to Indemnitee’s claim or
create a presumption that Indemnitee did not meet the applicable standard of conduct, and
any Proceeding commenced by Indemnitee pursuant to Section 5(f) shall be de novo with
respect to all determinations of fact and law.

     6. Directors and Officers Liability Insurance.

          (a) Maintenance of Insurance. For the duration of Indemnitee’s service as a director
and/or officer of the Company, and thereafter for so long as Indemnitee shall be subject to any
pending or possible Proceeding indemnifiable hereunder, the Company shall use commercially
reasonable efforts (taking into account the scope and amount of coverage available relative to the
cost thereof) to cause to be maintained in effect policies of directors’ and officers’ liability
insurance providing coverage for Indemnitee of the Company that is at least substantially
comparable in scope and amount to that provided by the Company’s current policies of directors’ and
officers’ liability insurance. Upon request, the Company shall provide Indemnitee with a copy of
all directors’ and officers’ liability insurance applications, binders, policies, declarations,
endorsements and other related materials, and will notify Indemnitee of any material changes that
have been made to such documents. In all policies of directors’ and officers’ liability insurance
obtained by the Company, Indemnitee shall be named as an insured in such a manner as to provide
Indemnitee the same rights and benefits, subject to the same limitations, as are accorded to the
directors and officers of the Company most favorably insured by such policy.

          (b) Notice to Insurers. Upon receipt of notice of a Proceeding pursuant to Section
5(a), the Company shall give or cause to be given prompt notice of

8

 

such Proceeding to all insurers providing liability insurance in accordance with the
procedures set forth in all applicable or potentially applicable policies. The Company shall
thereafter take all necessary action to cause such insurers to pay all amounts payable in
accordance with the terms of such policies.

     7. Exculpation, etc.

          (a) Limitation of Liability. Indemnitee shall not be personally liable to the Company
or any of its subsidiaries or to the stockholders of the Company or any such subsidiary for
monetary damages for breach of fiduciary duty as a director or officer of the Company or any such
subsidiary; provided, however, that the foregoing shall not eliminate or limit the
liability of the Indemnitee (i) for any breach of the Indemnitee’s duty of loyalty to the
Company or such subsidiary or the stockholders thereof; (ii) for acts or omissions not in
good faith or which involve intentional misconduct or a knowing violation of the law; (iii)
under Section 174 of the DGCL or any similar provision of other applicable corporations law; or
(iv) for any transaction from which the Indemnitee derived an improper personal benefit.
If the DGCL or such other applicable law shall be amended to permit further elimination or
limitation of the personal liability of directors or officers, then the liability of the Indemnitee
shall, automatically, without any further action, be eliminated or limited to the fullest extent
permitted by the DGCL or such other applicable law as so amended.

          (b) Period of Limitations. No legal action shall be brought and no cause of action
shall be asserted by or in the right of the Company or any of its subsidiaries against Indemnitee
or Indemnitee’s estate, spouses, heirs, executors, personal or legal representatives,
administrators or assigns after the expiration of two years from the date of accrual of such cause
of action, and any claim or cause of action of the Company shall be extinguished and deemed
released unless asserted by the timely filing of a legal action within such two-year period,
provided that if any shorter period of limitations is otherwise applicable to any such
cause of action, such shorter period shall govern.

     8. Miscellaneous.

          (a) Severability. If any provision or provisions of this Agreement shall be held to
be invalid, illegal or unenforceable for any reason whatsoever: (i) the validity, legality
and enforceability of the remaining provisions of this Agreement (including without limitation,
each portion of any section of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any
way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by
law; (ii) such provision or provisions shall be deemed reformed to the extent necessary to
conform to applicable law and to give the maximum effect to the intent of the parties hereto; and
(iii) to the fullest extent possible, the provisions of this Agreement (including, without
limitation, each

9

 

portion of any section of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed
so as to give effect to the intent manifested thereby.

          (b) Notices. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed duly given (i) on the date of delivery if
delivered personally, or by facsimile or electronic mail, upon confirmation of receipt,
(ii) on the first business day following the date of dispatch if delivered by a recognized
next-day courier service or (iii) on the third business day following the date of mailing
if delivered by domestic registered or certified mail, properly addressed, or on the fifth business
day following the date of mailing if sent by airmail from a country outside of North America, to
Indemnitee as shown on the signature page of this Agreement, to the Company (to the attention:
General Counsel) at the address shown on the signature page of this Agreement, or in either case as
subsequently modified by written notice.

          (c) Amendment and Termination. No amendment, modification, termination or
cancellation of this Agreement shall be effective unless it is in writing signed by all the parties
hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a
waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a
continuing waiver.

          (d) Successors and Assigns. This Agreement shall be binding upon the Company and its
respective successors and assigns, including without limitation any acquiror of all or
substantially all of the Company’s assets or business and any survivor of any merger or
consolidation to which the Company is party, and shall inure to the benefit of the Indemnitee and
the Indemnitee’s estate, spouses, heirs, executors, personal or legal representatives,
administrators and assigns. The Company shall require and cause any such successor, by written
agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to
perform this Agreement as if it were named as the Company herein, and the Company shall not permit
any such purchase of assets or business, acquisition of securities or merger or consolidation to
occur until such written agreement has been executed and delivered. No such assumption and
agreement shall relieve the Company of any of its obligations hereunder, and this Agreement shall
not otherwise be assignable by the Company.

          (e) Choice of Law; Consent to Jurisdiction. This Agreement shall be governed by and
its provisions construed in accordance with the laws of the State of Delaware, as applied to
contracts between Delaware residents entered into and to be performed entirely within Delaware,
without regard to the conflict of law principles thereof. The Company and Indemnitee each hereby
irrevocably consents to the jurisdiction of the courts of the State of Delaware for all purposes in
connection with any Proceeding which arises out of or relates to this Agreement and agree that any
action

10

 

instituted under this Agreement shall be brought only in the state courts of the State of
Delaware.

          (f) Integration and Entire Agreement. This Agreement sets forth the entire
understanding between the parties hereto and supersedes and merges all previous written and oral
negotiations, commitments, understandings and agreements relating to the subject matter hereof
between the parties hereto, provided that the provisions hereof shall not supersede the provisions
of the Company’s respective certificates of incorporation or bylaws, any agreement, any vote of
stockholders or directors, the DGCL or other applicable law, to the extent any such provisions
shall be more favorable to Indemnitee than the provisions hereof.

          (g) Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall constitute an original.

[Remainder of this page intentionally left blank.]

11

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written.

	 	 	 	 	 
	 	RSC HOLDINGS INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 
	Address:

	 	6929 E. Greenway Parkway 

Scottsdale, Arizona 85254

	 	 	 	 
	AGREED TO AND ACCEPTED:

INDEMNITEE:

 	 
	 	By:  	 	 
	 	 	Name:  	 
	 	 	Title:  	 

	 	 	 
	Address:
	 	 
	 

	 	 
	 
	 

	 	 
	 
	 

	 	 

12

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