Document:

Employment Agreement between the Company and John Fahey

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (the “Agreement”) between UNITED RENTALS,
INC., a Delaware corporation, having a principal place of business at Five Greenwich Office Park, Greenwich, CT 06831 (United Rentals, Inc., and all of its affiliates shall collectively be referred to herein as the “Company”),
and JOHN FAHEY, having a residence at 15 Roaring Brook Lane, Huntington, CT 06484 (“Employee”) is hereby entered into as of the date identified below. 
 Recitals: 
 The Company engages in the business of renting and selling equipment and merchandise to the
commercial and general public, including construction equipment, earthmoving equipment, aerial equipment, aerial work platforms, traffic safety equipment, trench safety equipment, industrial equipment, landscaping equipment, and home repair and
maintenance equipment, as well as highway construction related technologies and the buying of companies that engage in such activities along with the computer hardware and software systems designed, developed and utilized with respect to any of the
foregoing. The Company may in the future also engage in other businesses. The businesses in which the Company is at any time engaged, to any extent, are collectively referred to as the “Business.” 
 Employee is or will be employed by the Company in a confidential relationship where Employee, in the course of his or her employment with the Company, has become or will
become familiar with and aware of information which was established and maintained at great expense to the Company; this information is a Trade Secret (as defined below) and constitutes valuable goodwill of the Company. The protection of these Trade
Secrets (as defined below) is of critical importance to the Company. 
 The Company will sustain great loss and damage if Employee should violate the
provisions of this Agreement. Monetary damages for such losses would be extremely difficult to measure. 
 NOW, THEREFORE, in consideration of the
Company’s promotion and continued employment of Employee on an at-will basis, the salary continuation described in Section 3.1, and other good and valuable consideration which the Employee acknowledges is being granted in exchange for the
terms and provisions contained herein, (including, but not limited to, the non-compete provisions contained in Section 3 and the assignment provision contained in Section 9(c)) the parties hereby agree as follows: 
 1. Employment At Will; Full Time, Etc. 
  

	 	(a)	Employee is employed on at-will basis. His or her employment may be terminated by the Company or by the Employee, at any time, for any reason, without notice or cause.

  

	 	(b)	During his or her employment, Employee shall devote his or her full time, attention and use best efforts to promote and further the business and services of the Company. Employee
shall faithfully adhere to, execute and fulfill all policies established by the Company. Employee shall not, during his or her employment, be engaged in any other business activity pursued for gain, profit or other pecuniary advantage without the
prior written consent of the Company. 

  

	 	(c)	All funds received by Employee on behalf of the Company, if any, shall be held in trust for the Company and shall be delivered to the Company as soon as practicable.

  

	 	(d)	The Company shall reimburse Employee for properly documented expenses that are incurred by Employee on behalf of the Company in accordance with Company policies in effect from time
to time. 

 2. Trade Secrets; Confidentiality and Company Property. During and at all times after Employee’s employment
with the Company: 
  

	 	(a)	Employee will not, except in the furtherance of the business of the Company, disclose to any person or entity, without the Company’s prior written consent, any Trade Secrets or
other Confidential Information (as defined below), whether prepared by Employee or others; 

  

	 	(b)	Employee will not use any Trade Secrets or other Confidential Information in order to solicit or call upon any person or entity; 

  

	 	(c)	Employee will not directly or indirectly use any Trade Secrets or other Confidential Information other than as directed by the Company in writing; 

  

	 	(d)	Employee will not, except in the furtherance of the business of the Company, remove any Trade Secrets or other Confidential Information from the premises of the Company without the
prior written consent of the Company; 

  

	 	(e)	All products, correspondence, reports, records, charts, advertising materials, designs, plans, manuals, field guides, memoranda, lists and other property compiled or produced by
Employee or delivered to Employee by or on behalf of the Company or by its customers (including, but not limited to, customers obtained by the Employee), whether or not Confidential Information, shall be and remain the property of the Company and
shall be subject at all times to its direction and control; 

  

	 	(f)	Employee will promptly deliver to the Company all originals and copies (whether in note, memo or other document form or on video, audio, computer tapes, discs or otherwise) of all
Trade Secrets or other Confidential Information, and all property identified in Section 2(e) above, that is in Employee’s possession, custody or control, whether prepared by Employee or others; 

  

	 	(g)	“Trade Secrets” shall mean all information not generally known about the business of the Company, which is subject to reasonable efforts to maintain its secrecy or
confidentiality, and from which the Company derives economic value from the fact that the information is not generally known to others who may obtain economic value from its disclosure or use, regardless of whether such information is specifically
designated as a trade secret, and regardless of whether such information may be protected as a trade secret under any applicable law. 

  

	 	(h)	“Confidential Information” shall mean all information which is valuable to the Company and not generally known to the public, and includes, but is not limited to:

  

	 	(i)	business, strategic and marketing plans and forecasts, and the past results of such plans and forecasts; 

  

	 	(ii)	business, pricing and management methods; 

  

	 	(iii)	employee handbooks, operations manuals and best practices memoranda; 

  

	 	(iv)	finances, strategies, systems, research, surveys, plans, reports, recommendations and conclusions; 

  

	 	(v)	names of, arrangements with, or other information relating to, the Company’s customers, equipment suppliers, manufacturers, financiers, owners or operators, representatives and
other persons who have business relationships with the Company or who are prospects for business relationships with the Company; 

  

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	 	(vi)	technical information, work product and know-how; 

  

	 	(vii)	cost, operating, and other management information systems, and other software and programming; 

  

	 	(viii)	the name of any company or business, any part of which is or at any time was a candidate for potential acquisition by the Company, together with all analyses and other information
which the Company has generated, compiled or otherwise obtained with respect to such candidate, business or potential acquisition, or with respect to the potential effect of such acquisition on the Company’s business, assets, financial results
or prospects; and 

  

	 	(ix)	the Company’s Trade Secrets (note that some of the information listed above may also be a Trade Secret). 

 3. Non-Compete Provisions. The following covenants are made by Employee in partial consideration for the substantial economic investment made by the Company in
the employment, education and training of Employee and the compensation and other benefits afforded by the Company to the Employee. Such covenants were material inducements to the Company in employing Employee and giving Employee access to the
Company’s Trade Secrets and Confidential Information. 
  

	 	(a)	During his or her employment by the Company and for a period of 12 months immediately following the termination of his or her employment for any reason whatsoever, whether or not
for cause or by resignation, Employee will not, directly or indirectly (whether through affiliates, relatives or otherwise): 

  

	 	(i)	in any Restricted Area (as hereinafter defined), be employed or retained by any person or entity who or which then competes with the Company to any extent, nor will Employee
directly or indirectly own any interest in any such person or entity or render to it any consulting, brokerage, contracting, financial or other services or any advice, assistance or other accommodation. Employee shall be deemed to be employed or
retained in the Restricted Area if Employee has an office in the Restricted Area or if Employee performs any duties or renders any advice with respect to any facility or business activities in the Restricted Area. A “Restricted
Area” means each of: 

  

	 	(A)	any state in the United States and any province in Canada in which the Company conducts any equipment rental or other equipment-related activity, it being agreed that each state and
province is one unitary market for purposes of the Company’s business; and 

  

	 	(B)	regardless of state, the area within a 50 mile radius of any office or facility of the Company in which or in relation to which Employee shall have performed any duties for the
Company during the one year period preceding the termination of his or her employment. 

  

	 	(ii)	Be employed or retained anywhere in the United States or Canada by a Similar Entity (as hereinafter defined), nor will Employee directly or indirectly own any interest in any
Similar Entity or render to it any consulting, brokerage, financing, contracting, or other services. A “Similar Entity” means each of: 

  

	 	(A)	the entities listed in Exhibit A to this Agreement; 

  

	 	(B)	any person or entity which anywhere in the United States now or hereafter engages in any aspect of any business in which the Company now or hereafter engages;

  

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	 	(C)	any entity which at any time during the term of Employee’s employment was a candidate for acquisition by or merger with the Company; and 

  

	 	(D)	any entity which owns or owned any facility which was acquired by the Company, or was a candidate for acquisition by the Company, at any time during the term of Employee’s
employment. 

  

	 	(b)	During his or her employment by the Company and for a period of 12 months immediately following the termination of his or her employment for any reason whatsoever, whether or not
for cause, Employee will not anywhere directly or indirectly (whether as an owner, partner, employee, consultant, broker, contractor or otherwise, and whether personally or through other persons): 

  

	 	(i)	solicit the business of, or call upon, any person or entity, or affiliate of any such person or entity, who or which is or was a customer, supplier, manufacturer, finder, broker, or
other person who had a business relationship with the Company or who was a prospect for a business relationship with the Company at any time during the period of Employee’s employment, for the purpose of providing or obtaining any product or
service reasonably deemed competitive with any product or service then offered by the Company; 

  

	 	(ii)	approve, solicit or retain, or discuss the employment or retention (whether as an employee, consultant or otherwise) of any person who was an employee of the Company at any time
during the one-year period preceding the termination of Employee’s employment; 

  

	 	(iii)	solicit or encourage any person to leave the employ of the Company; 

  

	 	(iv)	call upon or assist in the acquisition of any company which was, during the term of this Agreement, either called upon by an employee of the Company or by a broker or other third
party, for possible acquisition by the Company or for which an employee of the Company or other person made an acquisition analysis for the Company; or 

  

	 	(v)	own any interest in or be employed by or provide any services to any person or entity which engages in any conduct which is prohibited to Employee under this
Section 3(b). 

  

	 	(c)	Before taking any position with any person or entity during the 12 month period following the termination of his or her employment for any reason, with or without cause, Employee
will give prior written notice to the Company of the name of such person or entity. Irrespective of whether such notice is given, the Company shall be entitled to advise each such person or entity of the provisions of this Agreement, and to
correspond and otherwise deal with each such person or entity to ensure that the provisions of this Agreement are enforced and duly discharged. 

  

	 	(d)	All time periods in this Agreement shall be computed by excluding from such computation any time during which Employee is in violation of any provision of this Agreement and any
time during which there is pending in any court of competent jurisdiction any action (including any appeal from any final judgment) brought by any person, whether or not a party to this Agreement, in which action the Company seeks to enforce the
agreements and covenants in this Agreement or in which any person contests the validity of such agreements and covenants or their enforceability or seeks to avoid their performance or enforcement. 

  

	 	(e)	Employee understands that the provisions of this Agreement have been carefully designed to restrict his or her activities to the minimum extent which is consistent with law and the
Company’s requirements. Employee has carefully considered these restrictions, and Employee confirms that 

  

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 they will not unduly restrict Employee’s ability to obtain a livelihood. Employee has heretofore
engaged in businesses other than the Business. Before signing this Agreement, Employee has had the opportunity to discuss this Agreement and all of its terms with his or her attorney. 
  

	 	(f)	Since monetary damages will be inadequate and the Company will be irreparably damaged if the provisions of this Agreement are not specifically enforced, the Company shall be
entitled, among other remedies (i) to an injunction restraining any violation of this Agreement (without any bond or other security being required) by Employee and by any person or entity to whom Employee provides or proposes to provide any
services in violation of this Agreement, (ii) to require Employee to hold in a constructive trust, account for and pay over to the Company all compensation and other benefits which Employee shall derive as a result of any action or omission
which is a violation of any provision of this Agreement and (iii) to require Employee to account for and pay over to the Company any net profit earned by the Employee from the exercise, from and after the 24-month period prior to the
termination of his or her employment, of any stock options issued to him/her by the Company. 

  

	 	(g)	If any section, provision or clause of this Agreement, or any portion thereof, is held void or unenforceable, the remainder of such section, provision or clause, and all other
sections, provisions or clauses of this Agreement, shall remain in full force and effect as if the section, provision or clause determined to be void or unenforceable had not been contained herein. The paragraph headings herein are for reference
purposes only and are not intended in any way to describe, interpret, define or limit the extent or intent of this Agreement or any part hereof. 

  

	 	(h)	The courts enforcing this Agreement shall be entitled to modify the duration and scope of any restriction contained herein to the extent such restriction would otherwise be
unenforceable, and such restriction as modified shall be enforced. 

  

	 	(i)	Nothing within this Section 3 shall prohibit Employee from owning, directly or indirectly, solely as an investment, securities of any business which competes with the Company
provided that the business is traded on a national securities exchange, Employee is not a controlling person or member of a group that controls such business, and that Employee does not own ten percent (10%) or more of any class of securities
of such business. 

 3.1. Salary Continuation Payments. 
  

	 	(a)	In the event Employee’s employment was terminated by the Company without “cause” (as defined below) or Employee resigned for a “good reason” (as defined
below), then, for a period of 12 months following termination of employment, the Company shall pay to Employee every two weeks 1/26th of the base salary paid to Employee by the Company during the 12 month period immediately preceding termination of
his or her employment, or for an Employee who was employed by the Company for a period less than 12 months, the annualized base salary paid to Employee by the Company for the period of employment preceding the Employee’s termination; provided,
however, all payments to Employee provided in this Section 3.1(a) are conditioned upon Employee’s execution of a separation agreement and general release, in such form as the Company in its sole discretion determines. In the event Employee
fails to execute the aforementioned separation agreement and general release, or Employee at any time breaches any of the terms of this Agreement, all provisions of this Agreement shall remain in effect for the full terms specified herein, but the
Company shall not be obligated to, or shall no longer be obligated to, provide to Employee the Salary Continuation Payments. The payments identified in this Section 3.1(a) shall cease in the event Employee accepts other employment during the 12
month period (Employee shall promptly advise the Company in writing of the name and address of any new employer). 

  

	 	(b)	As used in Section 3.1(a), “cause” shall mean the occurrence of any of the following events as solely determined by the Company: (i) the Employee has
misappropriated any funds or property of 

  

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 the Company, or has willfully or negligently destroyed property of the Company; (ii) the Employee
has been convicted of any crime that impairs the Employee’s ability to perform his or her duties and responsibilities with the Company, or that causes or may cause damage to the Company or its operations or reputation, or that involves fraud,
embezzlement or moral turpitude; (iii) the Employee has (a) obtained personal profit from any transaction of or involving the Company (or engaged in any activity with the intent of obtaining such a personal profit) without the prior
written approval of the Company or (b) engaged in any other conduct which constitutes a breach of fiduciary duty or the duty of loyalty to the Company and which has resulted or may result in damage to the Company; (iv) intentionally
omitted; (v) the Employee has engaged in on-the-job conduct that falls below the standards the Company may reasonably expect; (vi) the Employee’s use of alcohol or drugs has interfered with his or her ability to perform his or
her duties and responsibilities with the Company; (vii) the Employee has knowingly made any untrue statement or omission on or in support of the Employee’s application for employment with the Company, regardless of when discovered;
(viii) the Employee has falsified Company records; (ix) the Employee has an unsatisfactory record of tardiness and/or attendance; (x) the Employee has committed any act intended to damage the reputation of the Company or which, in
fact, damages the reputation of the Company; (xi) the Employee has disclosed to any unauthorized person any confidential or proprietary information, records, data, formulae, specifications or trade secrets or other information of value to the
Company; or, (xii) the Employee has (a) violated the Company’s policies or rules (including, but not limited to, the Company’s equal employment opportunity policies) or (b) is guilty of gross negligence or gross
misconduct in the performance of his or her duties with the Company. 
  

	 	(c)	As used in Section 3.1(a), a “good reason” shall exist only if Employee is required to relocate to another facility which is based more than 60 miles from Greenwich,
CT, and provided that Employee has given to the Company written notice of the occurrence of such event with a reference to this Agreement, and the Company has not cured such event by the 30th day after the date of such notice

 3.2. Indemnification.  
  

	 	(a)	The Company shall indemnify Employee to the fullest extent permitted by Delaware law in effect as of the date hereof against all costs, expenses, liabilities and losses (including,
without limitation, attorneys’ fees, judgments, fines, penalties, ERISA excise taxes, penalties and amount paid in settlement) reasonably incurred by Employee in connection with a Proceeding. For the purposes of this Section 3.2, a
“Proceeding” shall mean any action, suit or proceeding, whether civil, criminal, administrative or investigative, in which Employee is made, or is threatened to be made, a party to, or a witness in, such action, suit or proceeding by
reason of the fact that he or she is or was an officer or employee of the Company or is or was serving as an officer, member, employee, trustee or agent of any other entity at the request of the Company. 

  

	 	(b)	The Company shall advance to Employee all reasonable costs and expenses incurred by him or her in connection with a Proceeding within 30 days after receipt by the Company of a
written request for such advance. Such request shall include an itemized list of the costs and expenses and an undertaking by Employee to repay the amount of such advance if it shall ultimately be determined that he or she is not entitled to be
indemnified against such costs. 

  

	 	(c)	Employee shall not be entitled to indemnification under this Section 3.2 unless he or she meets the standard of conduct specified in the Delaware General Corporation Law.
Notwithstanding the foregoing, to the extent permitted by law, neither Section 145(d) of the Delaware General Corporation Law nor any similar provision shall apply to indemnification under this Section 3.2 so that if Employee in fact meets
the applicable standard of conduct, he or she shall be entitled to such indemnification whether or not the Company (whether by the board of directors, the shareholders, independent legal counsel or other party) determines that indemnification is
proper because he or she has met the applicable standard of conduct. Neither the failure of the Company 

  

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 to have made such a determination prior to the commencement by Employee of any suit or arbitration
proceeding seeking indemnification, nor a determination by the Company that he or she has not met such applicable standard of conduct, shall create a presumption that he or she has not met the applicable standard of conduct. 
  

	 	(d)	The rights to indemnification conferred under this Agreement shall not be exclusive of any other rights to indemnification which Employee may have by law or pursuant to the terms of
any other agreement. To the extent the Company from time to time provides such coverage for its other officers, the Company agrees to continue and maintain an officers’ liability insurance policy covering Employee both during his or her
employment and after Employee’s termination of his or her employment with respect to acts or omissions that occurred prior to his or her termination of employment. 

  

	 	(e)	Notwithstanding any other provision hereunder to the contrary, the Company shall not be obligated pursuant to the terms of this Agreement: (i) to indemnify or advance with
respect to Proceedings or claims initiated or brought voluntarily by Employee and not by way of defense (other than Proceedings brought to establish or enforce a right to indemnification under this Agreement unless a court of competent jurisdiction
determines that each of the material assertions made by Employee in such Proceeding were not made in good faith or were frivolous); or (ii) to indemnify Employee under this Agreement for any amounts paid in settlement of a Proceeding covered
hereby without the prior written consent of the Company to such settlement, such consent not to be unreasonably withheld. 

  

	 	(f)	Promptly after receipt by Employee of notice to him or her of the commencement or threat of any Proceeding covered hereby, Employee shall notify the Company of the commencement or
threat thereof, provided that any failure to so notify shall not relieve the Company of any of its obligations hereunder, except to the extent that such failure or delay materially increases the liability of the Company hereunder.

  

	 	(g)	If the Company shall be obligated to indemnify Employee with respect to a Proceeding, the Company may (and shall if requested by Employee in writing) assume the defense of the
Proceeding, in which event the Company shall deliver a notice of assumption to Employee. The Company will not be liable to Employee under this Agreement for any fees or expenses of counsel incurred by Employee after delivery of such notice of
assumption with respect to such Proceeding; provided, however, that if Employee shall have provided the Company with any opinion of counsel stating that there is a strong argument that a conflict of interest exists between the Company and Employee
in the conduct of any such defense, the fees and expenses of Employee’s counsel shall be at the expense of the Company. Notwithstanding the fact that the Company assumes the defense of a Proceeding pursuant to the preceding sentence, Employee
shall have the right to employ his or her own counsel in any such Proceeding at Employee’s expense. 

 4. Inventions and Intellectual
Property. Employee shall promptly disclose to the Company any and all conceptions and ideas for inventions, improvements and valuable discoveries, whether patentable or not, which are conceived or made by Employee, solely or jointly with
another, during or after regular hours of employment, during the period of employment or within one year thereafter, and which are related to the business or activities of the Company or which Employee conceives as a result of his or her employment
by the Company, and Employee hereby assigns and agrees to assign all Employee’s interests therein to the Company or its nominee. Employee also agrees that all works created by him/her are considered work made for hire and prepared by Employee
within the scope of his/her employment by the Company and Employee further agrees to assign, and hereby does assign automatically, all such future work to the Company. Whenever requested to do so by the Company, Employee shall execute any and all
applications, assignments or other instruments that the Company shall deem necessary to apply for and obtain Letters of Patent or Copyright of the United States or any foreign country or to otherwise protect the Company’s interest therein.
These obligations shall continue beyond the termination of employment with respect to inventions, improvements and valuable discoveries, whether patentable or not, conceived, made or acquired by Employee during the period of employment or within one
year thereafter, and shall be binding upon Employee’s assigns, executors, administrators and other legal representatives. 
  

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 5. Jurisdiction, Arbitration & Attorneys’ Fees. 
  

	 	(a)	Consent to Personal Jurisdiction. Employee hereby agrees that the interpretation and enforcement of the provisions of this Agreement shall be resolved and determined
exclusively by the state court sitting in Fairfield County, Connecticut or the federal courts in the District of Connecticut and Employee hereby consents that such courts be granted exclusive jurisdiction for such purpose. Employee hereby
acknowledges that, in the performance of his or her duties, Employee will maintain significant contacts with the Company’s corporate offices in Connecticut, including, without limitation, telephone and email contacts with corporate personnel,
access to corporate databases maintained in Connecticut, required attendance at certain training and/or strategic meetings, and payment of business related travel and entertainment expenses. 

  

	 	(b)	Waiver of Jury Trial. Employee agrees to waive a trial by jury in all legal disputes brought pursuant to this Agreement. 

  

	 	(c)	Waiver of Service. Employee agrees to waive formal service of process under any applicable federal or state rules of procedure. Service of process shall be effective when
given in the manner provided for notices hereunder. 

  

	 	(d)	Arbitration of Certain Claims by Employee. 

  

	 	(i)	Except for matters referred to in Section 5(a), any and all claims by Employee relating to any matter arising during or after the employment of the Employee by Company
or in connection with the cessation of said employment shall be resolved exclusively by arbitration conducted by one arbitrator in accordance with the National Rules for the Resolution of Employment Disputes established by the American Arbitration
Association (AAA). The Company will provide a copy of these Rules to Employee on request. The decision of the arbitrator will be final and binding on both parties. 

  

	 	(ii)	The claims and disputes to be arbitrated under this Section 5(d) (“Arbitrable Claims”) include without limitation, disputes or claims arising under
(A) federal, state, and local statutory or common law, such as the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, as amended, including the amendments of the Civil Rights Act of 1991, the Americans with
Disabilities Act, (B) the law of contract and (C) the law of tort. 

  

	 	(iii)	Each Arbitrable Claim shall automatically expire unless Employee begins arbitration for the claim no later than the first anniversary of the day on which the Employee learned or
reasonably should have learned that he or she may have such claim. 

  

	 	(e)	Attorneys’ Fees. If Employee breaches any of the covenants set forth in this Agreement, Employee agrees to pay all costs (including reasonable attorneys’ fees)
incurred by the Company in establishing that breach and in otherwise enforcing any of the covenants or provisions of this Agreement. 

 6.
Suits Against Company. 
  

	 	(a)	Both during and after the term of employment hereunder, Employee covenants that Employee will not bring suit or file counterclaims against the Company, for corporate misconduct
(which for this purpose does not mean matters for which Employee has a personal claim against the Company in his or her capacity as an employee), unless both of (i) and (ii) shall have occurred, namely: 

  

	 	(i)	Employee shall have first made written demand to the Company’s Board of Directors to investigate and deal with such misconduct, and 

  

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	 	(ii)	The Board of Directors shall have failed within 45 days after the date of receipt of such demand to establish a Special Litigation Committee, consisting exclusively of outside
directors, to investigate and deal with such misconduct. 

  

	 	(b)	Without limiting the generality and to further implement the foregoing, Employee irrevocably and unconditionally consents at the option of the Company to the entry of temporary
restraining orders and temporary and permanent injunctions (without posting bond or other security) against the filing of any action or counterclaim that is prohibited hereunder. 

  

	 	(c)	The opinion of the Board of Directors shall be binding and conclusive on the determination of which directors constitute “outside directors,” and the determination of the
Special Litigation Committee shall be binding and conclusive on all matters relating to the actual or alleged misconduct which is referred to it as aforesaid. 

 7. Cooperation in Proceedings. During and after the termination of Employee’s employment, Employee will cooperate fully and at reasonable times with the Company and its subsidiaries in all litigations and
regulatory proceedings on which the Company or any subsidiary seeks Employee’s assistance and as to which Employee has any knowledge or involvement. Without limiting the generality of the foregoing, Employee will be available to testify at such
litigations and other proceedings, and will cooperate with counsel to the Company in preparing materials and offering advice in such litigations and other proceedings. If Employee is not then employed by the Company, the Company shall pay to
Employee reasonable compensation for documented time spent in such cooperation, consistent with his or her compensation from the Company prior to termination. Except as required by law and then only upon reasonable prior written notice to the
Company, Employee will not in any way cooperate or assist any person or entity in any matter which is adverse to the Company or to any person who was at any time an officer or director of the Company. 
 8. No Derogation. Except as otherwise required by law (and then only upon 10 days’ prior written notice to the Company), Employee will not from and after the
date hereof, whether during Employee’s employment or at any time thereafter, in any way or to any person, denigrate or derogate the Company or any of its subsidiaries, or any person who was at any time an officer or director of the Company, or
any products, services or procedures, whether or not such denigrating or derogatory statements shall be true and are based on acts or omissions which were learned or are learned by Employee heretofore or from and after the date hereof or on acts or
omissions which occurred at any time heretofore or which occur at any time from and after the date hereof, or otherwise. 
 9. Miscellaneous.

  

	 	(a)	This Agreement is not a promise of employment. There are no oral representations, understandings or agreements with the Company or any of its officers, directors or representatives
covering the same subject matter as this Agreement. This written Agreement is the final, complete and exclusive statement and expression of the agreement between the Company and Employee and of all the terms of this Agreement, it cancels and
supersedes all prior agreements with respect to the subject matter hereof, and it cannot be varied, contradicted or supplemented by evidence of any prior or contemporaneous oral or written agreements. This written Agreement may not be later modified
except by a further writing signed by the Company and Employee, and no term of this Agreement may be waived except by a writing signed by the party waiving the benefit of such terms. 

  

	 	(b)	No waiver by the parties hereto of any default or breach of any term, condition or covenant of this Agreement shall be deemed to be a waiver of any subsequent default or breach of
the same or any other term, condition or covenant contained herein. This Agreement is intended, among other things, to supplement the applicable common and/or statutory laws and does not in any way abrogate any of the obligations or duties Employee
otherwise owes to the Company. 

  

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	 	(c)	This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective heirs, legal representatives, successors and permitted assigns.
Employee may not assign either this Agreement or any of Employee’s rights, interests or obligations hereunder. Employee hereby agrees and acknowledges that the Company may assign any or all of its rights and interest hereunder, including, but
not limited to, Employee’s agreements contained in Section 2 and Section 3 hereof, without the consent of Employee, to any person or entity that acquires any of the assets of the Company, or to any affiliate of the
Company, or to any entity with which the Company merges or consolidates. 

  

	 	(d)	Whenever any notice is required hereunder, it shall be given in writing addressed as follows: 

  

			
	To the Company:	    	United Rentals, Inc.
		    	Five Greenwich Office Park
		    	Greenwich, CT 06831
		    	Attn: Human Resources Department
		
	with a copy to:	    	United Rentals, Inc.
		    	Five Greenwich Office Park
		    	Greenwich, CT 06831
		    	Attn: Legal Department
		
	To Employee:	    	15 Roaring Brook Lane
		    	Huntington, CT 06484

 Notice shall be deemed effective: (a) five business days after the document is deposited in
the U.S. mail (provided it is sent via first class mail, certified, return receipt requested); (b) one business day after the document is delivered to a nationally recognized air courier for next day delivery; and/or (c) upon personal
delivery. Either party may change the address for notice by notifying the other party of such change in accordance with this paragraph. 
  

	 	(e)	If any portion of this Agreement is held invalid or inoperative, the other portions of this Agreement shall be deemed valid and operative, and so far as it is reasonable and
possible, effect shall be given to the intent manifested by the portion held invalid or inoperative. The paragraph headings herein are for reference purposes only and are not intended in any way to describe, interpret, define or limit the extent or
intent of this Agreement or any part hereof. 

  

	 	(f)	All rights and remedies of either Party expressly set forth herein are intended to be cumulative and not in limitation of any other right or remedy set forth herein or otherwise
available to such party at law or in equity. Notwithstanding the foregoing, in no event shall either party be liable to the other for consequential or punitive damages, except as otherwise provided in this Agreement. 

  

	 	(g)	The Company makes no representations regarding the tax implications of any compensation, payments and benefits to be paid to Employee under this Agreement, including, without
limitation, under IRC Section 409A. Employee and the Company agree that in the event the Company reasonably determines that the terms hereof would result in Employee being subject to tax under Section 409A of the Code, Employee and the
Company shall negotiate in good faith to amend this Agreement to the extent necessary to prevent the assessment of any such tax, including by delaying the payment dates of any amounts hereunder. 

  

	 	(h)	This Agreement shall in all respects be constructed according to the laws of the State of New York, without regard to its conflict of laws principles. 

  

	 	(i)	This Agreement may be executed by facsimile and/or in any number of counterparts, each of which upon execution and delivery shall be considered an original for all purposes;
provided, however, all such counterparts shall, together, upon execution and delivery, constitute one and the same instrument. 

  

 10 

									
	UNITED RENTALS, INC., a Delaware corporation	 		  	EMPLOYEE:
				
	BY:	 	 /s/ Jeffrey Vona
	 		  	 /s/ John Fahey

		 		 		  	JOHN FAHEY
	NAME:	 	 Jeffrey Vona
	 		  		 	
					
	TITLE:	 	 Director, Legal Affairs
	 		  	DATE:	 	 August 28, 2006

					
	DATE:	 	 August 30, 2006
	 		  		 	

  

 11Severance Agreement and General Release dated August 29, 2006

 Exhibit 10.1 
 

 
 Remy International 
 SEVERANCE AGREEMENT AND GENERAL RELEASE 
 This Severance Agreement and General
Release (“Agreement”) is entered into by and between Richard Stanley (“Employee”) and Remy International, Inc. (“Company”). In exchange for the payments and benefits provided herein, certain mutual undertakings, and
other good and valuable consideration, the parties agree as follows: 
  

	1.	Termination. The Employee’s employment with the Company shall terminate effective as of August 29, 2006 (“Severance Date”). As of the Severance
Date, the Employee shall no longer be an employee, officer or director of the Company. 

  

	2.	Vacation Pay. The Company shall compensate the Employee for the prorated amount per policy of unused vacation days as of the Severance Date. 

 

	3.	Severance Pay and Benefits. The Company shall pay or provide the following benefits and amounts to the Employee: 

  

	 	a)	Severance Pay. Upon execution, the Company shall begin to pay to the Employee his/her Base Salary until August 29, 2007 ( Severance Pay). For purposes herein,
Base Salary shall mean the Employee’s base annual rate of pay in effect on the Severance Date. Such Severance Pay shall be paid in accordance with the Company’s ordinary payroll practices over a period from August 29, 2006 to
August 31, 2007. 

  

	 	b)	Notice Pay. In lieu of a two week notice period, Company will pay Employee two weeks of pay, payable on August 31, 2006. 

  

	 	c)	Bonus. The Company will pay the Employee the pro-rated bonus amount for 2006 bonus, based on a severance date of August 29, 2006, payable in April 2007.

  

	 	d)	Medical Benefits. Subject to any applicable deductibles or co-payments or Employee contributions, the Company shall provide the Employee and Employee’s dependents
with medical benefits under the Company’s Group Medical Plan, or the plan then in effect for similarly situated employees, as amended from time to time, until the earlier of: (i) August 31, 2007, or (ii) if earlier, the date on
which the Employee obtains employment with a new employer that offers medical coverage for the Employee and Employee’s dependents, which does not exclude coverage for any pre-existing conditions (regardless of any deductible or co-payments or
Employee contribution requirements for such medical coverage), and becomes eligible for such coverage (“New Coverage”). The Employee shall give the Company written notice of New Coverage. The Employee acknowledges that Employee’s
COBRA period shall begin on the Severance Date and that the foregoing healthcare benefit coverage under the Company’s Group Medical Plan constitutes Company-paid COBRA. While covered by the Company’s Medical Plan, Employee shall also be
entitled to participate in the Comany’s Dental Plan. Such coverage shall be subject to any applicable deductibles or co-payments. 

  

 1 

 

 
  

	 	e)	Outplacement. Company will provide for executive outplacement services with Right Management for a period of twelve (12) months from date of termination.

  

	 	f)	Taxes. All payments and other benefits under this Agreement shall be subject to any withholding and employment taxes consistent with the character of the payments in
accordance with law. 

  

	4.	Other Severance Benefits. 

  

	 	    	Except as otherwise set forth in this Agreement, Employee hereby waives all rights to any benefits to which Employee may be entitled due to Employee’s termination of employment
under any program or arrangement sponsored by the Company. 

  

	5.	Confidential and Proprietary Information; Preservation of Trade Secrets. 

  

	 	a)	Definition. As used herein, “Confidential and Proprietary Information” means confidential, proprietary and trade secret information, regardless of when
received, concerning the Company and/or its affiliates, including but not limited to, the whole or any portion or phase of any development, engineering and manufacturing activity, scientific or technical information, design, process, procedure,
formula, pattern, specification, drawing, compilation, program, device, method, technique, improvement, manufacturing standard, computer programs and data stored on computers, disks, or other media, files, general business information, plans,
financial information, or listing of names, addresses, or telephone numbers, customer lists and other customer-related information, sales and marketing strategies, business relationships with Company clients and customers, and other information, and
all forms of communications, whether or not marked or designated as “Confidential”, “Proprietary” or the like, in any form, including but not limited to verbal, written, optical, electronic, physical demonstrations, in-person
and/or telephone conversations, e-mail and other means of information transfer such as facility tours, regardless of whether such information is protected by applicable trade secret or similar laws, which: (i) has not been published,
disseminated, or otherwise become a matter of general knowledge or public record, or (ii) is the subject of reasonable efforts to maintain its secrecy, and in either case, which may derive independent economic value, actual or potential, from
not being generally known to or ascertainable by proper means by persons who can obtain economic value from its disclosure or use. The term “Confidential and Proprietary Information” shall not include information which: (a) is or
becomes generally available to the public other than as a result of the disclosure by the Employee; or (b) becomes available to the Employee from a source other than the Company or any of its directors, officers, employees, agents, affiliates,
representatives, or advisors, provided that to best of the Employee’s knowledge after inquiry, such source is not bound by a confidentiality agreement with, or other legal or fiduciary or other obligation of secrecy or confidentiality to, the
Company with respect to such information. 

  

	 	b)	Preservation of Confidential and Proprietary Information. Employee acknowledges and agrees that any Confidential and Proprietary Information is the sole and exclusive
property 

  

 2 

 

 
 of the Company. Employee shall preserve the secrecy and confidentiality of any Confidential and
Proprietary Information that Employee acquired in the course and within the scope of Employee’s employment with the Company. 
  

	 	c)	Misappropriation or Improper Disclosure. Employee shall not use, utilize, copy, misappropriate, improperly disclose, duplicate, or furnish to any person or entity not
privileged to have it and without the Company’s prior written consent, any Confidential and Proprietary Information, either for Employee’s own benefit or for the benefit of any other individual or entity. 

  

	 	d)	Disclosure Pursuant to Legal Process. If the Employee shall be required by subpoena or similar government order or other legal process (“Legal Process”) to
disclose any Confidential and Proprietary Information, then the Employee shall provide the Company with prompt written notice of such requirement and, upon request, cooperate with the Company in efforts to resist disclosure or to obtain a protective
order or similar remedy. Subject to the foregoing, if any Confidential and Proprietary Information is required by Legal Process to be disclosed, then the Employee may disclose such Confidential Information, but shall not disclose any Confidential
and Proprietary Information for a reasonable period of time, unless compelled under imminent threat of penalty, sanction, contempt citation or other violation of law, in order to allow the Company time to resist disclosure or to obtain a protective
order or similar remedy. If the Employee discloses any Confidential and Proprietary Information, then the Employee shall disclose only that portion of the Confidential and Proprietary Information, which, in the opinion of the Company’s
counsel, is required by such Legal Process to be disclosed. 

  

	 	e)	Return of Confidential and Proprietary Information. Employee shall not remove from the Company any original or any copy of any document, record, disk, tape, paper,
drawing, photograph or file, which contains or refers to any Confidential and Proprietary Information, or any other property belonging to the Company. In accordance with Section 12, below, Employee represents and warrants to the Company that as
of the Severance Date, Employee does not directly possess or indirectly possess, via an Employee’s family member or otherwise, any Confidential and Proprietary Information in tangible form (including electronic computer files). Employee
represents and warrants to the Company that as of the Effective Date, Employee did not destroy or delete Company data, except in the ordinary course of business and in accordance with the Company document retention policy. 

 

	 	f)	Developments and Inventions. Employee agrees that all ideas, invention, discoveries, improvements, designs, methods, processes, and all other work product
(collectively hereinafter referred to as “Work Product”), which Employee conceived or developed during the course and within the scope of Employee’s employment with the Company, shall be and remain the sole and exclusive property of
the Company, whether or not patent applications or copyrights are filed thereon. Employee hereby assigns to the Company all rights, title, and interest in and to any and all such Work Product. On or before the Separation Date, Employee shall
promptly disclose all such Work Product to the Company. Employee shall assist the Company at the Company’s expense, to the extent reasonably necessary, in protecting, securing and perfecting the Company’s ownership interest in any Work
Product. 

  

 3 

 

 
 Employee acknowledges and agrees that: (i) the financial compensation paid to Employee under
this Agreement is full consideration for any Work Product, (ii) the Work Product shall not be subject to any further royalty or payment obligation by the Company, and (iii) all Work Product was work made for hire. 
  

	 	g)	This Agreement. The Parties agree that the existence of this Agreement and the terms and conditions thereof shall be considered Confidential and Proprietary
Information. Notwithstanding the foregoing, Employee may disclose this Agreement and the terms thereof to his accountants, lawyers, financial advisors and family members. 

  

	 	h)	Survival. The provisions contained in this Section 5 shall survive this Agreement. 

  

	6.	Non-Disparagement. The Employee agrees that Employee will not disparage the Company or any affiliate thereof, its products, services and business practices, or its
current or former owners, directors, officers, employees, and agents at any time or in any manner in the future, nor shall he assist any other person, firm, or company in doing so. 

  

	7.	Post-Agreement Solicitation. For a period of one (1) year from the Severance Date, Employee shall not directly or indirectly solicit, encourage, or in any way
attempt to cause a Company employee to leave his employment with the Company. 

  

	8.	Cooperation. The Employee agrees to reasonably cooperate with the Company in its internal investigations or lawsuits relating to the Company’s business, whether
existing as of the Severance Date or which may arise thereafter, until said investigations or lawsuits are completed. 

 9. Release.

  

	 	a)	The Employee, for himself and Employee’s personal representatives, forever releases, discharges, holds harmless, and covenants not to sue or bring any claim against the
Company or its affiliates or any current or former officers, directors, shareholders, owners, other employees and agents of the Company and its affiliates in their capacity as such (collectively, the “Released Parties”), from any and all
actions, causes of action, suits, debts, accounts, bonds, bills, covenants, contracts, agreements, promises, damages, judgments, executions, claims, demands, obligations and liabilities of any kind or nature whatsoever, in law or equity, whether
known or unknown, liquidated or unliquidated, including claims for attorneys fees or costs, which the Employee or Employee’s heirs or personal representatives ever had, now have or hereafter may have against any of the Released Parties, for,
upon, or by reason of any act, omission, occurrence, cause or thing whatsoever occurring prior to or on the Effective Date. 

  

	 	b)	Specifically, but without limitation, the Employee releases the Released Parties from, and agrees that he will not bring any action against any of the Released Parties based
on, any statute, regulation, rule, or governing employment practices, including, but not limited to, the federal Age Discrimination in Employment Act (“ADEA”), Title VII and all other provisions of the Civil Rights Act of 1964, the
Americans with Disabilities Act (“ADA”), 

  

 4 

 

 
 the Equal Pay Act, the Employee Retirement Income Security Act (“ERISA”), the Family and
Medical Leave Act (“FMLA”), the National Labor Relations Act (“NLRA”), the Labor Management Relations Act (“LMRA”), or under any other federal, state or local employment, civil rights or human rights law, rule or
regulation, in each case as amended. 
  

	 	c)	Further, without limitation, the Employee agrees that Employee will not bring any action or other claim against any Released Party based on any theory of wrongful
termination, intentional or negligent infliction of mental or emotional distress, or other tort, breach of express or implied contract, promissory estoppel, or any other statutory, regulatory or common law action or claim. Further, also without
limitation and except as provided in this Agreement, the Employee expressly waives any rights under any Company benefit plan, except as otherwise set forth in this Agreement. Any rights that the Employee is entitled to by reason of Employee’s
employment with the Company or the termination of such employment that are not specifically enumerated in this Agreement are hereby released, terminated, and canceled as of the Effective Date. 

  

	 	d)	Notwithstanding the foregoing, the Employee shall retain the following rights: 

  

	 	•	 	Rights to indemnification as an officer or director pursuant to the articles of incorporation or code of regulations of the Company for lawful actions in the proper scope and course
of employment; 

  

	 	•	 	Rights to payments under the Pension Plan accrued through the Separation Date in accordance with the terms of said plan as it may be amended from time to time;

  

	 	•	 	Rights to Employee’s account in the 401k Plan in accordance with the terms of said plan as it may be amended from time to time; and 

  

	 	•	 	Rights under this Agreement. 

  

	10.	Discontinuation of Payments in the Event of Breach. In the event that the Company reasonably determines that the Employee may have breached this Agreement, the Company
shall be entitled to withhold any or all payments and benefits to the Employee set forth above until such time as the Employee’s breach of this Agreement and any damages relating thereto has been finally adjudicated to judgment no longer
subject to appeal. The Company shall give the Employee notice of a claim that the Employee has materially breached this Agreement and the Employee shall have a period of ten (10) calendar days to cure such breach if it is capable of cure
(provided that the Company may seek immediate injunctive relief for a breach or threatened breach of this Agreement). 

  

	11.	Enforcement and Damages. 

  

	 	a)	In the event of any breach or threatened breach of this Agreement, the Employee agrees that damages may be inadequate and difficult, if not impossible, to ascertain and that
the Company may enforce this Agreement by specific performance or injunction, as may be issued by a court of competent jurisdiction, without the necessity of posting bond or other security, which requirement Employee hereby expressly waives.
Furthermore, without waiving any rights and notwithstanding Section 10, above, the Company may additionally or alternatively seek monetary damages or any other legal or equitable relief or remedy to 

  

 5 

 

 
 which the Company may be legally entitled to receive. Employee hereby waives any defense to
injunctive relief based on lack of irreparable harm or sufficiency of monetary damages. Employee hereby agrees to indemnify the Company for all costs and expenses, including reasonable attorney’s fees, incurred by it in enforcing this
Agreement. 
  

	 	b)	In the event that the Employee breaches Section 5, above, with respect to any Confidential and Proprietary Information for which the prohibited use, misappropriation, or
disclosure of such Information could reasonably be expected to have a material adverse effect on the business or prospects of the Company or any of its affiliates, then in addition to any injunctive relief to which the Company may be entitled, the
Company shall be entitled to damages equal to the greater of: (i) the Company’s actual damages, or (ii) the total amount of all payments made plus the total cost of all benefits provided to the Employee pursuant to this Agreement.

  

	12.	Return of Company Property. On or before the Effective Date, or on a mutually agreed upon date, the Employee shall return to the Company all property of the Company,
including, but not limited to: a) property that contains or refers to Confidential and Proprietary Information property, and all such copies that are in Employee’s direct or indirect possession as of the Separation Date; b) any laptops or other
equipment provided to the Employee by the Company; and c) any other property owned by the Company, including but not limited to computer passwords, and other Information Technology data. Employee also agrees to preserve all files, documents and
other data regardless of medium, that belongs to the Company, except those files, documents, or data that would be destroyed, deleted, or made inaccessible in accordance with the Company’s Records Retention policy. 

  

	13.	Agreement Not to Compete. 

 a) For a
period of one (1) year after the Effective Date of this Agreement, Employee shall not, for the benefit of Employee or any other individual or entity, directly or indirectly: i) own, manage, control or participate in the ownership, management or
control of, or be employed or engaged by, represent or perform services in any capacity, become affiliated or associated as a consultant, independent contractor, officer, director, or otherwise advise or represent any other similar manufacturer, or
other competitor or potential competitor of Company, or ii) otherwise compete with Company, directly or indirectly, whether as an individual or by serving as a consultant, owner, employee, agent, or representative of another firm or entity.

 b) Alternatively, for a period of one (1) year after the effective date of this agreement, Employee shall not, for any other
individual or entity, directly or indirectly own, manage, control or participate in the ownership, management or control of, or be employed or engaged by, represent or perform services in any capacity, become affiliated or associated as a
consultant, independent contractor, officer, director, or otherwise advise or represent any of the companies set forth below, or their successors or assigns, or any corporation, partnership or joint venture of which any such company is a partner,
joint venture, or affiliate: 
 Valeo, Bosch, Prestolite, Melco 
  

 6 

 

 
  
 c) Except as set forth
herein, nothing in the Agreement will be deemed to prevent Employee from working either for himself, or for any other employer at any time. 
  

	14.	Acknowledgement of Employee. The Employee recognizes that the release and waiver provisions of this Agreement may surrender valuable legal rights. Employee
acknowledges full awareness of the extinguishment of such rights in exchange for the consideration provided under this Agreement. The Employee further acknowledges that Employee has been advised by the Company to consult an attorney with respect to
this Agreement prior to executing it. Further, the Employee acknowledges that Employee has been given twenty-one (21) calendar days from initial presentation of this Agreement on August 29, 2006 in order to consult an attorney.

  

	15.	Binding Notice. This Agreement shall be binding upon the Company as of the date of its execution and presentation by the Company if the Employee executes it on or
before September 19, 2006 (twenty-one (21) calendar days after presentation by the Company on August 29, 2006. If the Employee does not execute this Agreement and deliver it to the Company on or before September 19, 2006, it
shall be voidable at the sole option of the Company. Employee acknowledges that Employee has been advised to consult with an attorney regarding this Agreement, that Employee can elect to sign in less than the twenty-one (21) day waiting period,
and that if Employee does so, Employee expressly waives Employee’s right to the full twenty-one (21) day waiting period, and this waiver is knowingly and voluntarily given. 

  

	16.	Withdrawal and Rescission. The employee, at Employee’s sole election and option, shall be entitled to rescind and withdraw from this Agreement without further
obligation at anytime within seven (7) calendar days from the date that the Employee executes the Agreement. The Employee shall evidence any withdrawal and rescission by giving written notice to the Company’s Vice President of Human
Resources, with a written notice stating that the Employee rescinds the Agreement and withdraws from it. If the Employee has not given the Company such written notice on or before the expiration of such seven (7) calendar days from the date
Employee executes the Agreement, this Agreement shall be irrevocable. The day that is three (3) days after the day on which such seven (7) day period ends shall be referred to herein as the “Effective Date,” if the employee has
not revoked this Agreement, pursuant to Section 16. 

  

	17.	Forfeiture. Notwithstanding anything to the contrary set forth in the Severance Agreement, if Employee (1) violates the terms of the Severance Agreement,
including the General Release, (2) breaches any noncompetition agreement with the Company, or (3) based upon information discovered or disclosed, including after termination, could have been terminated for cause due to misconduct, then
Employee shall forfeit any benefit otherwise payable under this Agreement and, to the extent amounts have been paid since August 29, 2006, Employee must repay that amount within ten (10) days of written demand by the Company.

 18. Miscellaneous. 
  

	 	a)	Entire Agreement. This Agreement contains the entire and exclusive understanding and agreement of the terms and conditions between the parties with respect to its
subject matter, and supersedes any and all prior agreements or understandings, written or oral, between the parties with respect to its subject matter. This Agreement may only be modified, amended or terminated by a document signed and delivered by
the party to be bound thereby. 

  

 7 

 

 
  

	 	b)	Counterparts. This Agreement may be executed in two counterparts, which together shall be considered an original. 

  

	 	c)	Non Waiver. The failure of a party to insist upon strict adherence to any obligation of this Agreement shall not be considered a waiver or deprive that party of the
right thereafter to insist upon strict adherence to that term or any other term of this Agreement. Any waiver of any provision of this Agreement must be in a written instrument signed and delivered by the party waiving the provision.

  

	 	d)	Further Action. The parties shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary of
appropriate to achieve the purposes of this Agreement. 

  

	 	e)	Governing Law, Jurisdiction, and Venue. This Agreement shall be governed, construed, and enforced in accordance with the laws of the State of Indiana, without regard
to the conflicts of law principles. The Employee hereby submits to the exclusive jurisdiction of federal or state trial courts in Madison County, Indiana (and any appellate courts with jurisdiction over such trial courts) for any claim by either
party arising out of or related to this Agreement, and agrees that any such claim shall be heard and determined by state courts located in Madison County, Indiana or in federal courts located in the Southern District of Indiana.

  

	 	f)	Interpretation. Neither Party shall be deemed the drafter of this Agreement, and it shall not be construed or interpreted in favor of or against either party.

  

	 	g)	Savings Clause. If any provision of this Agreement shall be found by a court of competent jurisdiction to be invalid or unenforceable in any respect, then:
(i) the parties shall request that the court revise such provision the least amount necessary in order to make it enforceable, and (ii) the remaining provisions of this Agreement shall nonetheless remain in full force and effect.

  

	 	h)	Titles and Captions. All section headings or captions contained in this Agreement are for convenience only and shall neither be deemed a part of the context, nor
effect the interpretation of this Agreement. 

  

	 	i)	Binding Effect. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of each party. 

  

 8 

 

 
 IN WITNESS WHEREOF, the parties hereto have duly and voluntarily executed this Agreement as of the
date set forth below. 
  

							
	Remy International, Inc.	  	Employee
				
	By:	 	 /s/ Gerald T. Mills
	  	By:	 	  

				
	Date:	 	 8/29/06
	  	Date:	 	  

  

 9

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