Document:

Schedule of Officers Certificates

 Exhibit 4.6 

Schedule of Officers’ Certificates 
 delivered pursuant to Section 301 of the Indenture dated September 10, 1997 
 by and between Waste Management, Inc. and The Bank of New York Mellon Trust Company, N.A., as 
 Trustee, establishing the terms and form of Waste Management, Inc.’s Outstanding Senior Notes 
  

															
	Principal
Amount
Issued	 	 	Interest Rate
(per annum)	 	 	Issue Date	 	Maturity Date	 	CUSIP	 	Interest Payment Dates
	$	150 million	* 	 	 	7.125	% 	 	12/17/1997	 	12/15/2017	 	902917AF0	 	December 15; June 15
	$	600 million	* 	 	 	7.00	% 	 	7/17/1998	 	7/15/2028	 	902917AH6	 	January 15; July 15
	$	250 million	* 	 	 	7.375	% 	 	12/21/1999	 	5/15/2029	 	94106LAG4	 	May 15; November 15
	$	500 million	* 	 	 	7.75	% 	 	5/21/2002	 	5/15/2032	 	94106LAN9	 	May 15; November 15
	$	350 million	  	 	 	5.00	% 	 	3/5/2004	 	3/15/2014	 	94106LAR0	 	March 15; September 15
	$	600 million	  	 	 	6.10	% 	 	3/6/2008	 	3/15/2018**	 	94106LAS8	 	March 15; September 15
	$	350 million	  	 	 	6.375	% 	 	2/26/2009	 	3/11/2015**	 	94106LAT6	 	March 11; September 11
	$	450 million	  	 	 	7.375	% 	 	2/26/2009	 	3/11/2019**	 	94106LAU3	 	March 11; September 11
	$	600 million	  	 	 	6.125	% 	 	11/12/2009	 	11/30/2039**	 	94106LAV1	 	May 30; November 30
	$	600 million	  	 	 	4.75	% 	 	6/8/2010	 	6/30/2020**	 	94106LAW9	 	June 30; December 30
	$	400 million	  	 	 	4.60	% 	 	2/28/2011	 	3/1/2021**	 	941063AQ2	 	March 1; September 1
	$	500 million	  	 	 	2.60	% 	 	8/29/2011	 	9/1/2016**	 	94106LAX7	 	March 1; September 1
	$	500 million	  	 	 	2.90	% 	 	9/12/2012	 	9/15/2022**	 	94106LAY5	 	March 15; September 15

  

	*	Each of these series of Senior Notes has been partially redeemed, such that the remaining outstanding principal amount of such Senior Notes as of December 31, 2012
was $146.8 million, $577.2 million, $222.9 million and $496.0 million, respectively. 

	**	Each of these series of Senior Notes contain a Change of Control Offer covenant that provides, if a change of control triggering event occurs, each holder of the notes
may require us to purchase all or a portion of such holder’s notes at a price equal to 101% of the principal amount, plus accrued interest, if any, to the date of purchase. 

 This schedule is provided in accordance with Instruction 2 to Regulation S-K Item 601, as each of the series of Series Notes is governed by an instrument that differs only in the material
respects set forth in the schedule above from the Officers’ Certificate identified as Exhibit 4.4. Each of the series of Senior Notes identified above is also guaranteed by Waste Management Holdings, Inc. in favor of The Bank of New York
Mellon Trust Company, N.A., as Trustee for the holders of Waste Management, Inc.’s Senior Notes.First Amendment to the Employment Agreement

 EXHIBIT 10.23 
 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT 
 USA Waste-Management
Resources, LLC, for itself and on behalf of Waste Management, Inc. (WMI) and subsidiaries and affiliated entities (collectively the “Company”) and Don Patrick Carpenter (the “Employee”) amend the Employment Agreement dated
July 31, 2000, between the Company and the Employee (the “Employment Agreement”). The Effective Date of this Amendment shall be August 24, 2012. The Employment Agreement is amended, as follows: 

1. As of the Effective Date, Section 3(a) of the Employment Agreement is hereby amended in its entirety to read as follows:

 “Executive is employed by USA Waste-Management Resources, LLC, one of whose purposes is to provide
employee services to WMI and to various subsidiaries and affiliated entities pursuant to one or more master services agreements. Employee shall perform such duties and services as may be assigned to Employee pursuant master service agreement.
Employee’s employment and the Employment Agreement may be transferred or assigned to another subsidiary or affiliated entity. Among other duties and responsibilities that may be assigned to Employee, Employee will serve as Vice President/Chief
Accounting Officer as required under the Securities and Exchange Act of 1934 and related SEC regulations.” 
 2. As of the
Effective Date, the first sentence of Section 4(a) of the Employment Agreement is hereby amended in its entirety to read as follows: 
 “During the Employment Period, the Company shall pay Executive a base salary at the annual rate of Three Hundred Five Thousand and 00/100ths Dollars ($305,000.00) per year, or such higher rate as may
be determined from time to time by the Company (“Base Salary”).” 
 3. As of the Effective Date,
Section 4(d) of the Employment Agreement is hereby amended in its entirety to read as follows: 

“During the Employment Period, Executive will be entitled to participate in an annual incentive compensation plan of
the Company, as established by the Management Development and Compensation Committee (“Compensation Committee”) of the Board from time to time. Executive’s target annual bonus under this Agreement will be fifty percent (50%) of
his Base Salary in effect for such year (the “Target Bonus”), and his actual annual bonus may range from 0% to 100% of Base Salary (i.e., a maximum possible bonus of two times the Target Bonus), and will be determined based upon
(i) the achievement of certain corporate financial and/or performance goals, as may be established and approved 

  
 1 

 
from time to time by the Compensation Committee of the Board, and (ii) the achievement of personal performance goals as may be established by Executive’s immediate supervisor. The
annual bonus will be paid at such time and in such manner as set forth in the annual incentive compensation plan document.” 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have duly executed this First Amendment to the
Employment Agreement. 
  

			
	DON PATRICK CARPENTER
	(“Employee”)
	
	     /s/ Don Patrick Carpenter

	Don Patrick Carpenter
	
	 USA WASTE-MANAGEMENT
 RESOURCES, LLC

		
	By:	 	     /s/ Mark A. Lockett

	
	Its: President

  
 3 

 EMPLOYMENT AGREEMENT 
 WASTE MANAGEMENT, INC., for and on behalf of its affiliated corporations (collectively referred to as the “Company”), and Don Patrick Carpenter (the “Employee”) agree to
enter into this EMPLOYMENT AGREEMENT (the “Agreement”) dated as of July 31, 2000, as follows: 
 1. Employment.

 The Company shall employ Employee, and Employee shall be employed by the Company upon the terms and subject to the conditions set forth in
this Agreement. 
 2. Term of Employment. 
 Employee shall be employed for continually renewing one (1) year terms, unless terminated pursuant to the terms of Sections 5 and 6 of this Agreement. 

3. Duties and Responsibilities. 
  

	(a)	Employee shall serve as Senior Director-Federal and International Taxes. In such capacity, Employee shall perform such duties as may be assigned to Employee from
time to time by the Company. 

  

	(b)	Employee shall faithfully serve the Company, devote Employee’s full working time, attention and energies to the business of the Company and perform the
duties under this Agreement to the best of Employee’s abilities. 

  

	(c)	Employee shall (i) comply with all applicable laws, rules and regulations, and all requirements of all applicable regulatory, self-regulatory, and
administrative bodies; (ii) comply with the Company’s rules, procedures, policies, requirements, and directions; and (iii) not engage in any other business or employment without the written consent of the Company except as otherwise
specifically provided herein. 

 4. Compensation and Benefits. 

 

	(a)	Base Salary. During the Employment Term, the Company shall pay Employee a base salary at the annual rate of Two Hundred Thousand ($200,000) Dollars per year, or
such higher rate as may be determined from time to time by the Company (“Base Salary”). Such Base Salary shall be paid in accordance with the Company’s standard payroll practice for employees. 

 

	(b)	Expense Reimbursement. The Company shall promptly reimburse Employee for the ordinary and necessary business expenses incurred by Employee in the performance of
Employee’s duties hereunder in accordance with the Company’s customary practices applicable to employees, provided that such expenses are incurred and accounted for in accordance with the Company’s policy. 

 

	(c)	Benefit Plans. Employee shall be eligible to participate in or receive benefits under any pension plan, profit sharing plan, medical and dental benefits plan,
life insurance plan, short-term and long-term disability plans, supplemental and/or incentive compensation plans, practices or arrangements, or any other benefit plan or arrangement, generally made available by the Company to employees of similar
status and responsibilities (“similarly situated employees”). 

  
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	(d)	Incentive/Bonus. Employee shall be eligible for an annual bonus or incentive compensation payment (“bonus”) of up to thirty-five percent (35%) of
Employee’s Base Salary, or such higher bonus rate as may be determined from time to time by the Company. Qualification for the bonus shall be pursuant to the applicable Incentive Compensation Plan in effect for the year in which the bonus is
earned. 

 5. Termination of Employment. 
 Employee’s employment hereunder may be terminated under the following circumstances: 
  

	(a)	Death. Employee’s employment hereunder shall terminate upon Employee’s death. 

 

	(b)	Total Disability. The Company may terminate Employee’s employment hereunder upon Employee’s becoming “Totally Disabled”. For purposes of this
Agreement, Employee shall be “Totally Disabled” if Employee is physically or mentally incapacitated so as to render Employee incapable of performing the usual and customary duties under this Agreement. Employee’s receipt of disability
benefits under the Company’s long-term disability plan or receipt of Social Security disability benefits shall be deemed conclusive evidence of Total Disability for purpose of this Agreement; provided, however, that in the absence of
Employee’s receipt of such long-term disability benefits or Social Security benefits, the Company may, in its reasonable discretion (but based upon appropriate medical evidence), determine that Employee is Totally Disabled.

  

	(c)	Termination by the Company for Cause. The Company may terminate Employee’s employment hereunder for “Cause” at any time after providing written
notice to Employee. 

  

	 	(i)	For purposes of this Agreement, the term “Cause” shall mean any of the following: (A) conviction of a crime (including conviction on a nolo
contendere plea) involving a felony or, in the good faith judgment of the Company, fraud, dishonesty, or moral turpitude; (B) deliberate and continual refusal to perform employment duties reasonably requested by the Company or an
affiliate after thirty (30) days’ written notice by certified mail of such failure to perform, specifying that the failure constitutes cause (other than as a result of vacation, sickness, illness or injury); (C) fraud or embezzlement
determined in accordance with the Company’s normal, internal investigative procedures consistently applied in comparable circumstances; (D) gross misconduct or gross negligence in connection with the business of the Company or an affiliate
which has substantial effect on the Company or the affiliate; or (E) breach of any of the covenants set forth in Section 7 hereof. 

  

	 	(ii)	An individual will be considered to have been terminated for Cause if the Company determines that the individual engaged in an act constituting Cause at any time prior
to a payment date for an award, regardless of whether the individual terminates employment voluntarily or is terminated involuntarily, and regardless of whether the individual’s termination initially was considered to have been for Cause.

  

	 	(iii)	Any determination of Cause under this Agreement shall be made by the Company after giving Employee a reasonable opportunity to be heard. 

 

	(d)	Voluntary Termination by Employee. Employee may terminate employment hereunder at any time after providing forty-five (45) days’ written notice to the
Company. 

  
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	(e)	Termination by the Company without Cause. The Company may terminate Employee’s employment hereunder without Cause at any time after providing written notice
to Employee. 

 6. Compensation Following Termination of Employment. 

In the event that Employee’s employment hereunder is terminated, Employee shall be entitled to the following compensation and benefits upon such
termination: 
  

	(a)	Termination by Reason of Death. In the event that Employee’s employment is terminated by reason of Employee’s death, the Company shall pay the
following amounts to Employee’s beneficiary or estate: 

  

	 	(i)	Any accrued but unpaid Base Salary for services rendered to the date of death, any accrued but unpaid expenses required to be reimbursed under this Agreement, and any
vacation accrued to the date of death. 

  

	 	(ii)	Any benefits to which Employee may be entitled pursuant to the plans, policies and arrangements referred to in Section 4(c)
 hereof as determined and paid in
accordance with the terms of such plans, policies and arrangements. 

  

	 	(iii)	An amount equal to the Base Salary (at the rate in effect as of the date of Employee’s death) which would have been payable to Employee if Employee had continued
in employment until the end of the thirty (30) day term beginning on the date of Employee’s death. Such amount shall be paid in a single lump sum cash payment within thirty (30) days after Employee’s death.

  

	(b)	Termination by Reason of Total Disability. In the event that Employee’s employment is terminated by reason of Employee’s Total Disability as determined
in accordance with Section 5(b), the Company shall pay the following amounts to Employee: 

  

	 	(i)	Any accrued but unpaid Base Salary for services rendered to the date of termination, any accrued but unpaid expenses required to be reimbursed under this Agreement, any
vacation accrued to the date of termination. 

  

	 	(ii)	Any benefits to which Employee may be entitled pursuant to the plans, policies and arrangements referred to in Section 4(c)
 hereof shall be determined and paid
in accordance with the terms of such plans, policies and arrangements. 

  

	 	(iii)	An amount equal to 

  

	 	(A)	the Base Salary (at the rate in effect as of the date of Employee’s Total Disability) which would have been payable to Employee if Employee had continued in active
employment until the end of the six- (6) month period beginning on the date of Employee’s termination; reduced by 

  

	 	(B)	the maximum annual amount of the long term disability benefits payable to Employee under the Company’s long-term disability plan as determined prior to the
reduction of such benefits under the terms of the plan for other disability income. 

  
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 Payment shall be made at the same time and in the same manner as such compensation would
have been paid if Employee had remained in active employment until the end of such period. 
  

	(c)	Termination for Cause or Voluntary Termination by Employee. In the event that Employee’s employment is terminated by the Company for Cause pursuant
to Section 5(c), or Employee terminates employment pursuant to Section 5(d), the Company shall pay the following amounts to Employee: 

  

	 	(i)	Any accrued but unpaid Base Salary for services rendered to the date of termination, any accrued but unpaid expenses required to be reimbursed under this Agreement, any
vacation accrued to the date of termination. 

  

	 	(ii)	Any benefits to which Employee may be entitled pursuant to the plans, policies and arrangements referred to in Section 4(c)
 hereof shall be determined and paid
in accordance with the terms of such plans, policies and arrangements. 

  

	(d)	Termination by the Company Without Cause. In the event that Employee’s employment is terminated by the Company pursuant to Section 5(e) for reasons
other than death, Total Disability or Cause, the Company shall pay the following amounts to Employee: 

  

	 	(i)	Any accrued but unpaid Base Salary for services rendered to the date of termination, any accrued but unpaid expenses required to be reimbursed under this Agreement, any
vacation accrued to the date of termination. 

  

	 	(ii)	Any benefits to which Employee may be entitled pursuant to the plans, policies and arrangements referred to in Section 4(c)
 hereof shall be determined and paid
in accordance with the terms of such plans, policies and arrangements. 

  

	 	(iii)	The Base Salary (at the rate in effect as of the date of Employee’s termination) which would have been payable to Employee if Employee had continued in active
employment until the end of the twelve- (12) month period beginning on the date of Employee’s termination. Payment shall be made at the same time and in the same manner as such compensation would have been paid if Employee had remained in
active employment until the end of such period. The Employee shall also be eligible for a bonus or incentive compensation payment to the extent bonuses are paid to similarly situated employees, prorated for the year in which the Employee is
terminated, and paid when similarly situated employees are paid. 

  

	 	(iv)	The Company completely at its expense will continue for Employee and Employee’s spouse and dependents, group health plans, programs or arrangements, in which
Employee was entitled to participate at any time during the twelve-month period prior to the date of termination, until the earlier of: (A) last day of period during which Employee receives payment in accordance with clause (iii) above;
(B) Employee’s death (provided that benefits payable to Employee’s beneficiaries shall not terminate upon Employee’s death); or (C) with respect to any particular plan, program or arrangement, the date Employee becomes
covered by a comparable benefit provided by a subsequent employer. 

  
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	(e)	No Other Benefits or Compensation. Except as may be provided under this Agreement, under the terms of any incentive compensation, employee benefit, or fringe
benefit plan applicable to Employee at the time of Employee’s termination or resignation of employment, Employee shall have no right to receive from the Company any other compensation, or to participate in any other Company plan, arrangement or
benefit, with respect to future periods after such termination or resignation. 

  

	(f)	Suspension or Termination of Benefits and Compensation. In the event that the Company, in its sole discretion determines that, without the Company’s express
written consent, Employee has 

  

	 	(i)	directly or indirectly engaged in, assisted or have any active interest or involvement whether as an employee, agent, consultant, creditor, advisor, officer, director,
stockholder (excluding holding of less than 1% of the stock of a public company), partner, proprietor, or any type of principal whatsoever, in any person, firm, or business entity which is directly or indirectly competitive with the Company or any
of its affiliates, or 

  

	 	(ii)	directly or indirectly, for or on behalf of any person, firm, or business entity which is directly or indirectly competitive with the Company or any of its affiliates
(A) solicited or accepted from any person or entity who is or was a client of the Company during the term of Employee’s employment hereunder or during any of the twelve calendar months preceding or following the termination of
Employee’s employment any business for services similar to those rendered by the Company, (B) requested or advised any present or future customer of the Company to withdraw, curtail or cancel its business dealings with the Company, or
(C) requested or advised, any employee of the Company to terminate his or her employment with the Company; 

the Company shall have the right to suspend or terminate any or all remaining benefits payable pursuant to Section 6 of this
Agreement. Such suspension or termination of benefits shall be in addition to and shall not limit any and all other rights and remedies that the Company may have against Employee. 
 7. Restrictive Covenants 
  

	(a)	Competitive Activity. Employee covenants and agrees that at all times during Employee’s period of employment with the Company, and while Employee is
receiving payments pursuant to Section 6 of this Agreement, Employee will not, directly or indirectly, engage in, assist, or have any active interest or involvement, whether as an employee, agent, consultant, creditor, advisor, officer,
director, stockholder (excluding holding of less than 1% of the stock of a public company), partner, proprietor or any type of principal whatsoever in any person, firm, or business entity which, directly or indirectly, is engaged in the same
business as that conducted and carried on by the Company, without the Company’s specific written consent to do so. Furthermore, in consideration of the specialized training and access to confidential information, for a period of six
(6) months after the date of termination of Employee’s employment, or six (6) months following the cessation of payments made pursuant to Section 6 of this Agreement, whether such termination is voluntary or involuntary, by
wrongful discharge, or otherwise, whichever date is later, Employee will not directly or indirectly, engage in a competitive activity in any of the geographic markets in which the Employee has worked for the twelve (12) months preceding his
termination, or within 75 miles of the principal place of business of the Company, the principal place of 

  
 Page 5 of 9

	 	
business of any corporation or other entity owned, controlled by (or otherwise affiliated with) the Company by which Employee may also be employed or served by Employee, or any other geographic
location in which Employee has specifically represented the interests of the Company or such other affiliated entity, during the twelve (12) months prior to the termination of Employee’s employment, engage in, assist, or have any active
interest or involvement, whether as an employee, agent, consultant, creditor, advisor, officer, director, stockholder (excluding holding of less than 1% of the stock of a public company), partner, proprietor or any type of principal whatsoever in
any person, firm, or business entity which, directly or indirectly, is engaged in the same business as that conducted and carried on by the Company, without the Company’s specific written consent to do so. 

 

	(b)	Non-Solicitation. Employee covenants and agrees that at all times during Employee’s period of employment with the Company, and for a period of one
(1) year after the date of termination of Employee’s employment, or the date of the cessation of payments made to the Employee pursuant to Section 6 of this Agreement, whichever is later, whether such termination is voluntary or
involuntary by wrongful discharge, or otherwise, Employee will not directly or indirectly (i) induce any customers of the Company or corporations affiliated with the Company to patronize any similar business which competes with any material
business of the Company; (ii) canvass, solicit or accept any similar business from any customer of the Company or corporations affiliated with the Company; (iii) directly or indirectly request or advise any customers of the Company or
corporations affiliated with the Company to withdraw, curtail or cancel such customer’s business with the Company; (iv) directly or indirectly disclose to any other person, firm or corporation the names or addresses of any of the customers
of the Company or corporations affiliated with the Company or (v) individually or through any person, firm, association or corporation with which he is now, or may hereafter become associated, cause, solicit, entice or induce any present or
future employee of the Company, or any corporation affiliated with the Company, to leave the employ of the Company, or such other corporation, to accept employment with, or compensation from the Employee, or any such person, firm, association or
corporation without prior written consent of the Company. 

  

	(c)	Non-Disparagement. Employee covenants and agrees that Employee shall not engage in any pattern of conduct that involves the making or publishing of written or
oral statements or remarks (including, without limitation, the repetition or distribution of derogatory rumors, allegations, negative reports or comments) which are disparaging, deleterious or damaging to the integrity, reputation or good will of
the Company, its management, or of management of corporations affiliated with the Company. 

  

	(d)	Protected Information. Employee recognizes and acknowledges that Employee has had and will continue to have access to various confidential or proprietary
information concerning the Company and corporations affiliated with the Company of a special and unique value which may include, without limitation, (i) books and records relating to operation, finance, accounting, sales, personnel and
management, (ii) policies and matters relating particularly to operations such as customer service requirements, costs of providing service and equipment, operating costs and pricing matters, and (iii) various trade or business secrets,
including business opportunities, marketing or business diversification plans, business development and bidding techniques, methods and processes, financial data and the like (collectively, the “Protected Information”). Employee therefore
covenants and agrees that Employee will not at any time, either while employed by the Company or afterwards, knowingly make any independent use of, or knowingly disclose to any other person or organization (except as authorized by the Company) any
of the Protected Information. 

  
 Page 6 of 9

 8. Enforcement of Covenants. 

 

	(a)	Termination of Employment and Forfeiture of Compensation. Employee agrees that any breach by Employee of any of the covenants set forth in Section 7 hereof
during Employee’s employment by the Company, shall be grounds for immediate dismissal of Employee and forfeiture of any accrued and unpaid salary, bonus, commissions or other compensation of such Employee as liquidated damages, which shall be
in addition to and not exclusive of any and all other rights and remedies the Company may have against Employee. 

  

	(b)	Right to Injunction. Employee acknowledges that a breach of the covenants set forth in Section 7 hereof will cause irreparable damage to the Company with
respect to which the Company’s remedy at law for damages will be inadequate. Therefore, in the event of breach or anticipatory breach of the covenants set forth in this section by Employee, Employee and the Company agree that the Company shall
be entitled to the following particular forms of relief, in addition to remedies otherwise available to it at law or equity; (i) injunctions, both preliminary and permanent, enjoining or restraining such breach or anticipatory breach and
Employee hereby consents to the issuance thereof forthwith and without bond by any court of competent jurisdiction; and (ii) recovery of all reasonable sums expended and costs, including reasonable attorney’s fees, incurred by the Company
to enforce the covenants set forth in this section. 

  

	(c)	Separability of Covenants. The covenants contained in Section 7 hereof constitute a series of separate covenants, one for each applicable State in the
United States and the District of Columbia, and one for each applicable foreign country. If in any judicial proceeding, a court shall hold that any of the covenants set forth in Section 7 exceed the time, geographic, or occupational limitations
permitted by applicable laws, Employee and the Company agree that such provisions shall and are hereby reformed to the maximum time, geographic, or occupational limitations permitted by such laws. Further, in the event a court shall hold
unenforceable any of the separate covenants deemed included herein, then such unenforceable covenant or covenants shall be deemed eliminated from the provisions of this Agreement for the purpose of such proceeding to the extent necessary to permit
the remaining separate covenants to be enforced in such proceeding. Employee and the Company further agree that the covenants in Section 7 shall each be construed as a separate agreement independent of any other provisions of this Agreement,
and the existence of any claim or cause of action by Employee against the Company whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of any of the covenants of Section 7.

 9. Withholding of Taxes. 
 The Company may withhold from any compensation and benefits payable under this Agreement all applicable federal, state, local, or other taxes. 
 10. Non-Disclosure of Agreement Terms. 
 Employee agrees that Employee will not disclose the
terms of this Agreement to any third party other than Employee’s immediate family, attorney, accountants, or other consultants or advisors or except as may be required by any governmental authority. 

  
 Page 7 of 9

 11. Source of Payments. 
 All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid from the general funds of the Company, and no special or separate fund shall
be established, and no other segregation of assets made, to assure payment. Employee shall have no right, title or interest whatever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the
extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company. 
 12. Assignment. 
 Except as otherwise provided in this Agreement, this Agreement shall inure
to the benefit of and be binding upon the parties hereto and their respective heirs, representatives, successors and assigns. This Agreement shall not be assignable by Employee. 
 13. Entire Agreement; Amendment. 
 This Agreement shall supersede any and all existing oral
or written agreements, representations, or warranties between Employee and the Company or any of its subsidiaries or affiliated entities relating to the terms of Employee’s employment by the Company. It may not be amended except by a written
agreement signed by both parties. 
 14. Governing Law. 
 This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, applicable to agreements made and to be performed in that State, without regard to its conflict of laws
provisions. 
 15. Notices. 

Any notice, consent, request or other communication made or given in connection with this Agreement shall be in writing and shall be deemed to have been
duly given when delivered or mailed by registered or certified mail, return receipt requested, or by facsimile or by hand delivery, to those listed below at their following respective addresses or at such other address as each may specify by notice
to the others: 
  

							
		 		 	To the Company:	  	Waste Management, Inc.
		 		 		  	 1001 Fannin, Suite 4000

Houston, Texas 77002
 Attention: General
Counsel

				
		 		 	To Employee:	  	At the address for Employee set forth below.

 16. Miscellaneous. 
  

	(a)	Waiver. The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver thereof or deprive
that party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. 

  
 Page 8 of 9

	(b)	Separability. Subject to Section 8 hereof, if any term or provision of this Agreement is declared illegal or unenforceable by any court of competent
jurisdiction and cannot be modified to be enforceable, such term or provision shall immediately become null and void, leaving the remainder of this Agreement in full force and effect. 

 

	(c)	Headings. Section headings are used herein for convenience of reference only and shall not affect the meaning of any provision of this Agreement.

  

	(d)	Rules of Construction. Whenever the context so requires, the use of the singular shall be deemed to include the plural and vice versa. 

 

	(e)	Counterparts. This Agreement may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, and such counterparts
will together constitute but one Agreement. 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the
day and year first above written. 
  

			
	WASTE MANAGEMENT, INC.
		
	By:	 	/s/ Robert G. Simpson
	Name:	 	Robert G. Simpson
	Title:	 	Vice President, Taxation
	Date:	 	July 31, 2000
	
	EMPLOYEE
	
	/s/ Don Patrick Carpenter
	Don Patrick Carpenter
	Date: July 31, 2000

  
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