Document:

exv10w7

Exhibit 10.7

FORM OF RESTRICTED SHARE AGREEMENT

FOR NON-EMPLOYEE DIRECTORS UNDER THE

RAILAMERICA, INC. 2009 OMNIBUS STOCK INCENTIVE PLAN

     This Agreement (this “Agreement”) is entered into as of ___, 2009 (the
“Date of Grant”), by and between RailAmerica, Inc., a Delaware corporation (the
“Company”), and ___(the “Participant”), effective upon and in connection
with the initial public offering of the Shares (the “Effective Date”). Capitalized terms
used without definition herein shall have the meaning ascribed to them in the RailAmerica, Inc.
2009 Omnibus Stock Incentive Plan (the “Plan”). Where the context permits, references to
the Company shall include any successor to the Company.

     1. Grant of Restricted Shares. The Company hereby grants to the Participant ___
Shares (such shares, the “Restricted Shares”), subject to all of the terms and conditions
of this Agreement and the Plan.

     2. Lapse of Restrictions.

          (a) General. Subject to the provisions set forth below, the restrictions on Transfer
set forth in Section 8 hereof shall lapse with respect to the number of Restricted Shares specified
for each date set forth below under the column captioned “Vesting Date” (each such date, a
“Vesting Date”) as follows:

	 	 	 	 	 
	 	 	Number of	 
	Vesting Date	 	Restricted Shares	 
	December 31, 2010
	 	 	—	 
	December 31, 2011
	 	 	—	 
	December 31, 2012
	 	 	—	 

subject in each case to the continued service by the Participant on the Board from the date hereof
through the relevant Vesting Date, and provided that the Participant has not given notice of
resignation, as of each such Vesting Date.

          (b) Following Certain Terminations of Service.

     (i) Subject to the next sentence, upon termination of the Participant’s service
on the Board for any reason (including the death or Disability of the Participant),
any Restricted Shares in respect of which the restrictions described in this Section
2 shall not already have lapsed shall be immediately forfeited by the Participant and
transferred to, and reacquired by, the Company without consideration of any kind and
neither the Participant nor any of the Participant’s successors, heirs, assigns, or
personal representatives shall thereafter have any further rights or interests in
such Restricted Shares. Notwithstanding the foregoing, in the event that the
Participant is removed from the Board other than for Cause within twelve (12) months
following a Change in Control, one hundred percent (100%) of the Restricted Shares
that are not vested as of the date of such termination shall immediately vest.

 

 

     (ii) “Cause” shall mean (i) the Participant commits any act of fraud,
intentional misrepresentation or serious misconduct in connection with the business
of the Company or any Affiliate, including, but not limited to, falsifying any
documents or agreements (regardless of form); (ii) the Participant materially
violates any rule or policy of the Company or any Affiliate which violation results
in material damage to the Company or any Affiliate; (iii) other than solely due to
Disability, the Participant willfully breaches or habitually neglects any material
aspect of the Participant’s duties to the Company or any Affiliate and such failure
is reasonably likely to have a material adverse impact upon the Company or any
Affiliate or the operations of any of them; (v) the Participant is convicted by a
court of competent jurisdiction of a felony (other than a traffic or moving
violation) or any crime involving dishonesty; (vi) the Participant engages in any
other action that may result in removal of the Participant from the Board for cause
pursuant to any generally applied standard of which standard the Participant knew or
reasonably should have known (including, without limitation, standards under Delaware
corporate law); or, (vii) any willful breach by the Participant of his fiduciary
duties as a member of the Board.

     3. Adjustments. Pursuant to Section 5 of the Plan, in the event of a Change in
Capitalization, the Administrator shall make such equitable changes or adjustments as it deems
necessary or appropriate to the number and kind of securities or other property (including cash)
issued or issuable in respect of outstanding Restricted Shares.

     4. Legend on Certificates. The Participant agrees that any certificate issued for
Restricted Shares (or, if applicable, any book entry statement issued for Restricted Shares) prior
to the lapse of any outstanding restrictions relating thereto shall bear the following legend (in
addition to any other legend or legends required under applicable federal and state securities
laws):

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS UPON
TRANSFER AND RIGHTS OF REPURCHASE (THE “RESTRICTIONS”) AS SET FORTH IN THE
RAILAMERICA, INC. 2009 OMNIBUS STOCK INCENTIVE PLAN AND A RESTRICTED SHARE AGREEMENT
ENTERED INTO BETWEEN THE REGISTERED OWNER AND RAILAMERICA, INC., COPIES OF WHICH ARE
ON FILE WITH THE SECRETARY OF RAILAMERICA, INC. ANY ATTEMPT TO DISPOSE OF THESE
SHARES IN CONTRAVENTION OF SUCH RESTRICTIONS, INCLUDING BY WAY OF SALE, ASSIGNMENT,
TRANSFER, PLEDGE, HYPOTHECATION OR OTHERWISE, SHALL BE NULL AND VOID AND WITHOUT
EFFECT AND SHALL RESULT IN THE FORFEITURE OF SUCH SHARES AS PROVIDED BY SUCH PLAN
AND AGREEMENT.

     5. Certain Changes. The Administrator may accelerate the date on which the
restrictions on Transfer set forth in Section 8 hereof shall lapse or otherwise adjust any of the
terms of the Restricted Shares; provided that, subject to Sections 5 and 20 of the Plan, no action
under this Section 5 shall adversely affect the Participant’s rights under this Agreement.

     6. Notices. All notices or other communications required or permitted under this
Agreement shall be made in writing and shall be deemed given if delivered personally or sent by

2

 

nationally recognized overnight courier service. Any notice or other communication shall be
deemed given on the date of delivery, or on the date one (1) business day after it shall have been
given to a nationally-recognized overnight courier service. All such notices or communications
shall be delivered to the recipient at the addresses indicated below:

To the Company:

RailAmerica, Inc.

7411 Fullerton Street

Suite 300

Jacksonville, Florida 32256

Attention: General Counsel

To the Participant:

at the address as it appears in the Company’s books and records or at such other
place as the Participant shall have designated by notice as herein provided to the
Company.

     7. Securities Laws Requirements. The Company shall not be obligated to issue Shares to
the Participant free of the restrictive legend described in Section 4 hereof or of any other
restrictive legend, if such transfer, in the opinion of counsel for the Company, would violate the
Securities Act of 1933, as amended, or any other federal or state statutes having similar
requirements that may be in effect at the relevant time.

     8. Protections Against Violations of Agreement. Until such time as the Restricted
Shares are fully vested in accordance with Section 2 hereof, no purported sale, assignment,
mortgage, hypothecation, transfer, charge, pledge, encumbrance, gift, transfer in trust (voting or
other) or other disposition of, or creation of a security interest in or lien on, any of the
Restricted Shares or any agreement or commitment to do any of the foregoing (each, a
“Transfer”) by any holder thereof in violation of the provisions of this Agreement will be
valid, except with the prior written consent of the Board, which consent may be granted or withheld
in the sole discretion of the Board. Any purported Transfer of Restricted Shares or any economic
benefit or interest therein in violation of this Agreement shall be null and void ab initio, and
shall not create any obligation or liability of the Company, and any person purportedly acquiring
any Restricted Shares or any economic benefit or interest therein transferred in violation of this
Agreement shall not be entitled to be recognized as a holder of such Shares. In addition, unless
the Administrator determines otherwise, upon any attempted Transfer of Restricted Shares or any
rights in respect of Restricted Shares, before the vesting thereof, such Restricted Shares, and all
of the rights related thereto, shall be immediately forfeited by the Participant and transferred
to, and reacquired by, the Company without consideration of any kind.

     9. Taxes. The Participant understands that he (and not the Company) shall be
responsible for any tax liability that may arise as a result of the transactions contemplated by
this Agreement.

          THE PARTICIPANT ACKNOWLEDGES THAT IT IS THE PARTICIPANT’S SOLE RESPONSIBILITY, AND NOT THE
COMPANY’S, TO FILE TIMELY THE ELECTION UNDER SECTION 83(b) OF THE CODE, EVEN IF THE PARTICIPANT
REQUESTS THE

3

 

COMPANY OR ITS REPRESENTATIVE TO ASSIST THE PARTICIPANT IN MAKING THIS FILING.

          The Participant acknowledges that the tax laws and regulations applicable to the Restricted
Shares and the disposition of the Restricted Shares following vesting are complex and subject to
change, and it is the sole responsibility of the Participant to obtain the Participant’s own advice
as to the tax treatment of the terms of this Agreement.

          BY SIGNING THIS AGREEMENT, THE PARTICIPANT REPRESENTS THAT THE PARTICIPANT HAS REVIEWED WITH
THE PARTICIPANT’S OWN TAX ADVISORS THE FEDERAL, STATE, LOCAL AND FOREIGN TAX CONSEQUENCES OF THE
TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT AND THAT THE PARTICIPANT IS RELYING SOLELY ON SUCH
ADVISORS, AND NOT ON ANY STATEMENTS OR REPRESENTATIONS OF THE COMPANY, OR ANY AFFILIATE THEREOF, OR
ANY AGENT OF THE COMPANY OR ANY AFFILIATE THEREOF.

     10. Failure to Enforce Not a Waiver. The failure of the Company to enforce at any
time any provision of this Agreement shall in no way be construed to be a waiver of such provision
or of any other provision hereof.

     11. Incorporation of Plan. The Plan is hereby incorporated by reference into, and made
a part of, this Agreement, and the Restricted Shares and this Agreement shall be subject to all
terms and conditions of the Plan.

     12. Amendments; Construction. The Administrator may amend the terms of this Agreement
prospectively or retroactively at any time, but no such amendment shall impair the rights of the
Participant hereunder without the Participant’s consent, except as provided in Sections 5 and 20 of
the Plan.

     13. Survival of Terms. Except as otherwise expressly provided herein, this Agreement
shall be binding upon and inure to the benefit of the Company and its Affiliates, and their
respective successors and assigns, and the Participant and the Participant’s heirs, personal
representatives, successors and assigns; provided, however, that nothing contained herein shall be
construed as granting the Participant the right to Transfer any of the Restricted Shares, except in
accordance with this Agreement and any transferee shall hold the Restricted Shares having only
those rights, and being subject to the restrictions, provided for in this Agreement.

     14. Rights as a Shareholder. Except as otherwise expressly provided in this Agreement,
the Participant will have all of the rights of a shareholder with respect to all of the Restricted
Shares (until and unless the Restricted Shares are forfeited), including, without limitation, the
right to vote such shares and the right to receive all dividends or other distributions with
respect to such Shares, both prior to and after the lapse and removal of the vesting restrictions
set forth herein, and, if Shares are ultimately forfeited, prior to such forfeiture.

     15. Agreement Not a Contract for Services. Neither the Plan, the granting of the
Restricted Shares, this Agreement nor any other action taken pursuant to the Plan shall constitute
or be evidence of any agreement or understanding, express or implied, that the Participant has a
right to continue to

4

 

provide services as a director of the Company or any Affiliate thereof for any period of time
or at any specific rate of compensation.

     16. Authority of the Administrator; Disputes. The Administrator shall have full
authority to interpret and construe the terms of the Plan and this Agreement. The determination of
the Administrator as to any such matter of interpretation or construction shall be final, binding
and conclusive.

     17. Acceptance. The Participant hereby acknowledges receipt of a copy of the Plan and
this Agreement. The Participant has read and understands the terms and provisions of the Plan and
this Agreement, and accepts the Restricted Shares subject to all the terms and conditions of the
Plan and this Agreement. The Participant hereby agrees to accept as binding, conclusive and final
all decisions or interpretations of the Administrator upon any questions arising under this
Agreement.

     18. Miscellaneous.

          (a) This Agreement constitutes the entire agreement of the parties with respect to the subject
matter hereof and may not be modified or amended except by a written agreement signed by the
Company and the Participant. As of the date hereof, this Agreement shall supersede any other
agreements or representations, oral or otherwise, express or implied, with respect to the subject
matter hereof, which have been made by either party or any Affiliate thereof.

          (b) In the event any capital stock of the Company or any other corporation shall be
distributed on, with respect to, or in exchange for shares of Stock of the Company as a stock (or
share) dividend, stock (or share) split, spin-off, reclassification or recapitalization in
connection with any merger, amalgamation, continuation into another jurisdiction or reorganization,
the restrictions, rights and options set forth in this Agreement shall apply with respect to such
other capital stock to the same extent as they are, or would have been applicable, to the Stock
acquired hereunder on, or with respect to, which such other capital stock was distributed.

          (c) No waiver of any breach or default hereunder shall be considered valid unless in writing,
and no such waiver shall be deemed a waiver of any subsequent breach or default of the same or
similar nature. Anything in this Agreement to the contrary notwithstanding, any waiver, consent or
other instrument under or pursuant to this Agreement signed by, or binding upon, the Participant
shall be valid and binding upon any and all persons or entities (other than the Company and its
Affiliates) who may, at any time, have or claim any rights under or pursuant to this Agreement in
respect of the Restricted Shares.

          (d) Any provision hereof which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
To the fullest extent permitted by applicable law, the parties hereby waive any provision of law
which may render any provision hereof prohibited or unenforceable in any respect.

          (e) The obligations of the Company and the Participant under this Agreement which by their
nature may require either partial or total performance after the Participant’s service with the
Company and its Subsidiaries is terminated shall survive such termination of service.

5

 

          (f) Should any party to this Agreement be required to commence any litigation concerning any
provision of this Agreement or the rights and duties of the parties hereunder, the prevailing party
in such proceeding shall be entitled, in addition to such other relief as may be granted, to the
reasonable attorneys’ fees and court costs incurred by reason of such litigation.

          (g) The Section headings contained herein are for the purposes of convenience only and are not
intended to define or limit the contents of said Sections.

          (h) Words in the singular shall be read and construed as though in the plural and words in the
plural shall be read and construed as though in the singular in all cases where they would so
apply. Words herein of any gender are deemed to include each other gender.

          (i) This Agreement may be executed by the parties hereto in separate counterparts, each of
which when so executed and delivered shall be an original, but all such counterparts shall together
constitute one and the same agreement, and all signatures need not appear on any one counterpart.

          (j) This Agreement shall be governed by and construed and enforced in accordance with the laws
of the State of Delaware, without regard to any choice-of-law rules thereof which might apply the
laws of any other jurisdiction. This provision does not affect a party’s right to bring an action
under this Agreement in the United States District Court for the Middle District of Florida.

          (k) WAIVER OF JURY TRIAL. EACH PARTY HEREBY WAIVES SUCH PARTY’S RIGHTS TO A JURY TRIAL OF ANY
CLAIM OR CAUSE OF ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE SUBJECT MATTER HEREOF.
EACH PARTY ALSO WAIVES ANY BOND OR SURETY OR SECURITY UPON SUCH BOND WHICH MIGHT, BUT FOR THIS
WAIVER, BE REQUIRED OF SUCH PARTY. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF
ANY AND ALL DISPUTES THAT MIGHT BE FILED IN ANY COURT AND THAT MAY RELATE TO THE SUBJECT MATTER OF
THIS AGREEMENT, INCLUDING ALL COMMON LAW AND STATUTORY CLAIMS. EACH PARTY FURTHER REPRESENTS AND
WARRANTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND
VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH SUCH LEGAL COUNSEL. THIS
WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THE
WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, MODIFICATIONS, SUPPLEMENTS OR RESTATEMENTS HEREOF.
IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE
COURT.

[signature page follows]

6

 

     IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement on the day
and year first above written.

	 	 	 	 	 
	 	RAILAMERICA, INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 
	 	Name:

 	 
	 	 	 
	 	 	 
	 	 	 
	 

[Signature Page to Restricted Share Agreement]exv10w8

Exhibit 10.8

EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of September 28, 2009,
by and between RailAmerica, Inc., a Delaware corporation (the “Company”), and John E. Giles
(“Executive”). Where the context permits, references to “the Company” shall include the
Company and any successor of the Company.

W I T N E S S E T H:

     WHEREAS, the Company and Executive previously entered into a Management Shareholder Agreement,
dated February 20, 2007 (the “Original Agreement”), pursuant to which Executive serves as
President and Chief Executive Officer of the Company;

     WHEREAS, upon the consummation of the initial public offering of the Company’s common stock
(the “Effective Date”), the Company and Executive mutually desire to terminate the Original
Agreement and enter into this Agreement, which sets forth the terms and conditions of Executive’s
employment as of the Effective Date.

     NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements herein
contained, together with other good and valuable consideration the receipt of which is hereby
acknowledged, the parties hereto do hereby agree as follows:

     1. SERVICES AND DUTIES. Executive shall continue to serve as President and Chief
Executive Officer of the Company and in such position shall have the duties, responsibilities and
authority commensurate with the status of an individual holding such position in a company
similarly situated to the Company and shall render services consistent with such position. In all
cases, the Executive shall be subject to the supervision and authority of, and shall report to, the
Board of Directors of the Company (the “Board”). While employed by the Company, Executive
agrees to devote all of his working time and efforts to the business and affairs of the Company and
its subsidiaries, subject to periods of vacation and sick leave to which he is entitled pursuant to
this Agreement and in accordance with the Company’s policies in effect at such time.
Notwithstanding the foregoing, nothing herein shall preclude Executive (A) so long as Executive
delivers advance written notice to the Company, from participating in or serving on the board of
directors or similar governing body of charitable, religious, social or educational organizations
in so far as such participation or service does not unreasonably interfere, individually or in the
aggregate, with Executive’s performance of his obligations to the Company or (B) so long as
Executive obtains advance written approval from the Company (which such approval shall not be
unreasonably withheld), from participating or serving on the board of directors or similar
governing body of a for-profit entity in so far as such participation or service does not
unreasonably interfere, individually or in the aggregate, with Executive’s performance of his
obligations to the Company, or (C) from participating or serving on the board of directors or
similar governing body of one public company, in so far as such company is not a competitor of the
Company and such participation does not reflect negatively on the Company. Schedule A hereto sets
forth each such board on which Executive serves as of the Effective Date, which such participation
has been approved of by the Company. Executive agrees to discharge his duties diligently,
faithfully and in the best interests of the Company. Notwithstanding the foregoing or anything
else contained in this Agreement, the Company retains the right to terminate

 

 

Executive’s employment at any time for any reason or no reason (and whether or not for Cause
(as defined below)).

     2. EMPLOYMENT TERM. Unless Executive’s employment shall sooner terminate pursuant to
Section 5 of this Agreement, the Company shall employ Executive under the terms of this Agreement
for the period commencing on the Effective Date and ending on the second (2nd)
anniversary of the Effective Date (the “Initial Term”); provided, however,
that commencing on the expiration of the Initial Term and each anniversary thereafter, the term of
this Agreement shall be deemed to be automatically extended, upon the same terms and conditions,
for successive periods of one (1) year each (each, an “Extended Term”), unless Executive or
the Company, as the case may be, at least sixty (60) days prior to the expiration of the Initial
Term or any Extended Term, provides written notice to the other of its intention not to renew this
Agreement. The period during which Executive is employed pursuant to this Agreement, including any
Extended Term in accordance with the preceding sentence, shall be referred to as the
“Term.”

     3. COMPENSATION.

          (a) Base Salary. As compensation for Executive’s services to the Company, the Company
shall pay Executive a base salary (as in effect from time to time, the “Base Salary”) at an
initial rate of $300,000 per year (pro-rated for any partial year). The Base Salary shall be paid
to Executive in accordance with (and at such times as provided by) the usual payroll practices of
the Company in effect from time to time. The Base Salary may be increased (but not decreased other
than pursuant to an across-the-board reduction that applies to all employees or solely to senior
executives of the Company) in the sole discretion of the Board.

          (b) Annual Bonus. In addition to the Base Salary, Executive shall be eligible to
receive a performance bonus (“Annual Bonus”) in respect of each calendar year in which
Executive is employed hereunder based upon the achievement of performance targets established in
the sole discretion of the Company. The exact amount of the Annual Bonus payable to Executive in
respect of a calendar year, and whether to pay a bonus at all, shall be at the sole discretion of
the Company. In order to be eligible to receive payment of an Annual Bonus, Executive must be an
active employee at, and not have given or received notice of termination, resignation or retirement
of employment (including for Good Reason (as defined below)) prior to, the time of payment of such
Annual Bonus, which shall be paid in accordance with (and at such time as) the usual bonus payroll
practices of the Company in effect at such time.

          (c) Withholding. All taxable compensation payable to Executive pursuant to this
Agreement shall be subject to any applicable withholding taxes and such other taxes as are required
under Federal law or the law of any state or governmental body to be collected with respect to
compensation paid by the Company to Executive.

     4. BENEFITS AND PERQUISITES.

          (a) Welfare Benefits; Paid Time Off. While employed by the Company, Executive will be
entitled to participate, to the extent eligible thereunder, in all benefit plans and programs
maintained from time to time for the Company’s employees, in accordance with the

2

 

terms thereof in effect from time to time, on a basis no less favorable than other senior
management employees of the Company. For purposes of clarification, nothing contained in this
Agreement shall limit or otherwise affect the ability of the Company or any of its Affiliates (if
applicable) to amend, terminate or otherwise modify any such benefit plan or program now or
hereafter in existence in accordance with its terms and applicable law. Notwithstanding any other
policy, plan or program of the Company, the Executive shall be entitled to not less than four weeks
of paid vacation per calendar year, which may be carried over one year to the extent not used in
any given calendar year.

          (b) Reimbursement of Expenses. The Company shall reimburse Executive for any expenses
reasonably and necessarily incurred by Executive during the Term in furtherance of Executive’s
duties hereunder, including travel, meals and accommodations, upon submission by Executive of
vouchers or receipts and in compliance with such rules and policies relating thereto as the Company
may from time to time adopt.

     5. TERMINATION. Executive’s employment shall be terminated at the earliest to occur
of the following: (i) the end of the Term; (ii) the date on which the Board delivers written
notice that Executive is being terminated for “Disability” (as defined below); or (iii) the date of
Executive’s death. In addition, Executive’s employment may be earlier terminated (1) by the
Company for “Cause” (as defined below), effective on the date on which a written notice to such
effect is delivered to Executive; (2) by the Company at any time without Cause, effective on the
date on which a written notice to such effect is delivered to Executive or such other date as is
reasonably designated by the Company; (3) by Executive for “Good Reason” (as defined below),
effective thirty-one (31) days following the date on which a written notice to such effect is
delivered to the Company; or (4) by Executive without Good Reason at any time, effective thirty-one
(31) days following the date on which a written notice to such effect is delivered to the Company.

          (a) For Cause Termination. If Executive’s employment with the Company is terminated
by the Company for Cause, Executive shall not be entitled to any further compensation or benefits
other than: (i) any accrued but unpaid Base Salary; (ii) any accrued but unused paid time off,
(iii) reimbursement for any business expenses properly incurred by Executive prior to the date of
termination in accordance with Section 4(b) hereof; and (iv) vested benefits, if any, to which
Executive may be entitled under the Company’s employee benefit plans as of the date of termination
(collectively, the “Accrued Benefits”). The Accrued Benefits shall in all events be
payable on the Company’s first regularly scheduled payroll date which occurs at least ten (10) days
after the date of termination (other than Base Salary, which shall be payable as provided in
Section 3(a) hereof).

          (b) Termination by the Company without Cause or by Executive for Good Reason. If
Executive’s employment is terminated by the Company other than for Cause or by Executive for Good
Reason, then Executive shall be entitled to the Accrued Benefits payable as provided in Section
5(a) hereof and upon Executive’s execution and non-revocation of a general release of claims in a
form satisfactory to the Company (the “Release”) within thirty (30) days following the date
of termination (or such longer period as may be required by applicable law for the effectiveness of
the release), a lump sum amount payable within sixty (60) days following the date of termination
(provided, that the Release is executed and not revoked prior to the payment

3

 

date) equal to (i) two (2) times Base Salary as of the date of termination plus (ii)
Executive’s target Annual Bonus for the year of termination, if any (or, if there is no target
Annual Bonus for the year of termination or if the Annual Bonus paid to Executive in respect of
service for the full fiscal year preceding the date of termination is greater than such target
Annual Bonus, the Annual Bonus paid to Executive in respect of service for the full fiscal year
preceding the date of termination) multiplied by a fraction the numerator of which is the number of
days in the year of termination that Executive was employed by the Company and the denominator of
which is 365. Notwithstanding anything herein to the contrary, if (A) Executive breaches any of
the restrictive covenants set forth in Section 6 hereof and (B) the Company provides Executive with
written notice of such breach, the Company shall not be required to pay any amount pursuant to
Section 5(b)(ii) and the Company shall have the right to require Executive (and any heir,
representative, successor or assign of Executive) to repay any amount previously paid to Executive
pursuant to Section 5(b)(ii).

          (c) Voluntary Resignation by Executive without Good Reason; Termination upon Death or
Disability. If Executive voluntarily resigns his employment without Good Reason, or if
Executive’s employment is terminated by reason of Executive’s death or Disability, in lieu of any
other payments or benefits, Executive (or Executive’s beneficiary or estate, as applicable) shall
be entitled to the Accrued Benefits only.

          (d) Expiration of Term. For the avoidance of doubt, upon the expiration of the Term,
the parties’ obligations hereunder, other than with respect to the provisions set forth in Sections
6, 8 and 9 hereof, shall expire.

          (e) Definitions. For purposes of this Agreement:

          “Affiliate” means a person that directly, or indirectly through one or more
intermediaries, controls, or is controlled by, or is under common control with, the person
specified.

          “Cause” means (i) Executive commits any act of fraud, intentional misrepresentation or
serious misconduct in connection with the business of the Company, any subsidiary of the Company,
or any Affiliate of the Company (excluding the Company and its subsidiaries) that engages Executive
as an employee or consultant (collectively, “Affiliated Engagers”), including, but not
limited to, falsifying any documents or agreements (regardless of form); (ii) Executive materially
violates any rule or policy (A) for which violation an employee may be terminated pursuant to the
written policies of the Company or any subsidiary reasonably applicable to such an employee, (B)
which violation results in damage to the Company or any subsidiary or (C) which, after written
notice to do so, Executive fails to correct within a reasonable time; (iii) Executive materially
violates any rule or policy of any Affiliated Engager applicable to Executive which violation
results in material damage to such Affiliated Engager or which, after written notice to do so,
Executive fails to correct within a reasonable time; (iv) other than solely due to Disability,
Executive willfully breaches or habitually neglects any material aspect of Executive’s duties
assigned to Executive by the Company or any of its subsidiaries or any Affiliated Engager, which
assignment was reasonable in light of Executive’s position with the applicable entity (all of the
foregoing duties, “Duties”); (v) other than solely due to Disability, Executive fails,
after written notice from, as applicable, the Company or any of its

4

 

subsidiaries or an Affiliated Engager, adequately to perform any applicable Duties and such
failure is reasonably likely to have a material adverse impact upon such entity or its operations;
provided, that, for purposes of this clause (v), such a material adverse impact will be
solely determined with reference to Executive’s applicable Duties and his annual compensation, or
consultant compensation, as applicable; (vi) Executive materially fails to comply with a direction
from the Board or a senior officer or the board of directors of any subsidiary of the Company or
any Affiliated Engager with respect to a material matter, which direction was reasonable in light
of Executive’s position with the applicable entity; (vii) while employed by or providing services
to the Company or any of its subsidiaries, and without the written approval of the Board, Executive
performs services for any other corporation or person which competes with the Company or any of its
subsidiaries or otherwise violates Section 4 hereof, or, while performing services for any
Affiliated Engager, without the written approval of such Affiliated Engager, Executive takes any
action which violates any restrictive covenant contained in any agreement between Executive and
such Affiliated Engager, (viii) Executive is convicted by a court of competent jurisdiction of a
felony (other than a traffic or moving violation) or any crime involving dishonesty; (ix) Executive
engages in any other action that may result in termination of an employee for cause pursuant to any
generally applied standard, of which standard Executive knew or reasonably should have known,
adopted in good faith by the Board or the board of directors of any of the Company’s subsidiaries
from time to time but prior to such action or condition; or (x) any willful breach by Executive of
his fiduciary duties as a director of the Company or any of its subsidiaries or any Affiliated
Engager. In the event that there is a dispute between Executive and the Company as to whether
“Cause” for termination exists: (1) such termination shall nonetheless be effective and (2) such
dispute shall be subject to arbitration in Jacksonville, Florida using the commercial rules of the
American Arbitration Association.

          “Disability” means, as determined by the Board in good faith, Executive’s inability,
due to disability or incapacity, to perform all of Executive’s duties hereunder on a full-time
basis for (i) periods aggregating one hundred eighty (180) days, whether or not continuous, in any
continuous period of three hundred and sixty five (365) days or, (ii) where Executive’s absence is
adversely affecting the performance of the Company in a significant manner, periods greater than
ninety (90) days and Executive is unable to resume Executive’s duties on a full time basis within
ten (10) days after receipt of written notice of the Board’s determination under this clause (ii).

          “Good Reason” means the occurrence, without the express prior written consent of
Executive, of any of the following circumstances, unless such circumstances are fully corrected by
the Company within thirty (30) days following written notification by Executive (which written
notice must be delivered within thirty (30) days following the date Executive becomes aware of the
occurrence of such circumstances) that Executive intends to terminate Executive’s employment for
one of the reasons set forth below: (i) any material reduction in Executive’s title, duties,
authorities, or responsibilities; (ii) any material breach by the Company of any agreement between
the Company and Executive; (iii) any failure by the Company to pay Executive the Base Salary or
Annual Bonus when required to be so paid pursuant to the terms of this Agreement; (iv) any material
reduction in the Base Salary (including, once the Executive’s Base Salary is increased, any
material reduction in the Executive’s Base Salary below such increased amount) other than, in each
case, an across-the-board reduction that applies to all employees or solely to senior executives of
the Company; (v) during the one (1) year period

5

 

following any “Change in Control” (as defined in the RailAmerica, Inc. 2009 Omnibus Stock
Incentive Plan), the failure of any successor to the Company (if any), whether direct or indirect
and whether by merger, acquisition, consolidation or otherwise, to assume in a writing delivered to
Executive, the obligations of the Company under this Agreement, provided that Executive was willing
and able to execute a new contract providing for the same terms and conditions as those in this
Agreement and to continue providing services to the successor upon such terms and conditions; (vi)
any relocation of Executive’s principal place of employment to a location more than fifty (50)
miles outside the Jacksonville, Florida metropolitan area; or (vii) the delivery of a notice of
non-renewal by the Company pursuant to Section 2 of this Agreement.

          (f) Resignation as Officer or Director. Upon a termination of employment for any
reason, Executive shall resign each position that Executive then holds as an officer of the Company
or as an officer or director of any of the Company’s subsidiaries or Affiliates. Executive’s
execution of this Agreement shall be deemed the grant by Executive to the officers of the Company
of a limited power of attorney to sign in Executive’s name and on Executive’s behalf any such
documentation as may be required to be executed solely for the limited purposes of effectuating
such resignations.

          (g) Section 409A. It is intended that (i) each installment of the payments provided
under this Agreement is a separate “payment” for purposes of Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”), and (ii) the payments satisfy, to the greatest
extent possible, the exemptions from the application of Section 409A of the Code provided under
Treasury Regulations 1.409A-1(b)(4), 1.409A-1(b)(9)(iii), and 1.409A-1(b)(9)(v). Notwithstanding
anything contained to the contrary in this Agreement, to the extent required in order to avoid
accelerated taxation and/or tax penalties under Section 409A of the Code, Executive shall not be
considered to have terminated employment with the Company for purposes of this Agreement and no
payments shall be due to Executive under Section 5 of this Agreement until Executive would be
considered to have incurred a “separation from service” (as such term is defined under Treasury
Regulation 1.409A-1(h)) with the Company. Notwithstanding anything to the contrary in this
Agreement, if the Company determines (1) that on the date Executive’s employment with the Company
terminates or at such other time that the Company determines to be relevant, Executive is a
“specified employee” (as such term is defined under Treasury Regulation 1.409A-1(i)(1)) of the
Company and (2) that any payments to be provided to Executive pursuant to this Agreement are or may
become subject to the additional tax under Section 409A(a)(1)(B) of the Code or any other taxes or
penalties imposed under Section 409A of the Code, if provided at the time otherwise required under
this Agreement, then such payments shall be delayed until the date that is six (6) months after the
date of Executive’s “separation from service” (as such term is defined under Treasury Regulation
1.409A-1(h)) with the Company, or, if earlier, the date of Executive’s death. Any payments delayed
pursuant to this Section 5(g) shall be made in a lump sum on the first day of the seventh
(7th) month following Executive’s “separation from service” (as such term is defined
under Treasury Regulation 1.409A-1(h)), or, if earlier, the date of Executive’s death. In
addition, to the extent that any reimbursement, fringe benefit or other, similar plan or
arrangement in which Executive participates during his employment with the Company or thereafter
provides for a “deferral of compensation” within the meaning of Section 409A of the Code, (x) the
amount eligible for reimbursement or payment under such plan or arrangement in one (1) calendar
year may not affect the amount eligible for reimbursement or payment in any other calendar year
(except that a

6

 

plan providing medical or health benefits may impose a generally applicable limit on the amount
that may be reimbursed or paid), and (y) subject to any shorter time periods provided herein or the
applicable plans or arrangements, any reimbursement or payment of an expense under such plan or
arrangement must be made on or before the last day of the calendar year following the calendar year
in which the expense was incurred.

     6. COVENANTS. By virtue of Executive’s employment with the Company, Executive
acknowledges that, during the period of his employment with the Company, he shall have access to
trade secrets and other valuable confidential business and professional information, knowledge and
data relating to the Company and its Affiliates and their respective businesses, will meet and
develop relationships with prospective and existing suppliers, financing sources, clients,
customers and employees of the Company and its Affiliates and will receive extraordinary or
specialized training in the short-line railroad business.

          (a) Noncompetition; Nonsolicitation. Executive agrees that during the period of his
employment with the Company or any of its subsidiaries and for the one (1) year period immediately
following termination of such employment for any reason or no reason, Executive shall not:

               (i) directly or indirectly (whether as principal, agent, independent contractor, partner,
member, manager, officer, director or otherwise) own, manage, operate, control, participate in,
perform services for, make any investment in or otherwise carry on, any business engaged in the
operation of short-line railroads anywhere in North America that has revenues of at least $200
million per year; or

               (ii) directly or indirectly engage in the recruiting, soliciting or inducing of any
nonclerical employee or employees of the Company or its Affiliates to terminate their employment
with, or otherwise cease their relationship with, the Company or an Affiliate, or in hiring or
assisting another person or entity to hire any nonclerical employee of the Company or an Affiliate
or any person who within six (6) months before had been a nonclerical employee of the Company or an
Affiliate and were recruited or solicited for such employment or other retention while an employee
of the Company (other than any of the foregoing activities engaged in with the prior written
approval of the Company); or

               (iii) directly or indirectly solicit, induce or encourage or attempt to persuade any agent,
supplier, client or customer of the Company or any subsidiary of the Company to terminate such
agency or business relationship with the Company.

Nothing contained in this Agreement shall limit or otherwise affect the ability of Executive to own
not more than one percent (1.0%) of the outstanding capital stock of any entity that is engaged in
a business competitive with the Company or any of its subsidiaries, provided, that such
investment is a passive investment and Executive is not directly or indirectly involved in the
management or operation of such business or otherwise providing consulting services to such
business.

          (b) Disparaging Comments. Executive agrees that during the period of his employment
with the Company or any of its subsidiaries and thereafter, Executive shall not

7

 

make any disparaging or defamatory comments regarding the Company or any of its subsidiaries or
Affiliates, or after termination of his employment relationship with the Company or any of its
subsidiaries or Affiliates, make any comments concerning any aspect of the termination of their
relationship. The Company agrees that during the period of the Executive’s employment with the
Company or any of its subsidiaries and thereafter, members of the Company’s senior management shall
be prohibited from making disparaging or defamatory comments regarding the Executive or, after
termination of the Executive’s employment relationship with the Company or any of its subsidiaries,
and from making any comments concerning any aspect of the termination of their relationship. The
obligations of the parties under this subsection shall not apply to disclosures required by
applicable law, regulation or order of any court or governmental agency.

Nothing contained in this Section 6 shall limit any common law or statutory obligation that
Executive may have to the Company or an Affiliate. For purposes of this Section 6, “the Company”
refers to the Company and any incorporated or unincorporated Affiliates, including any entity which
becomes Executive’s employer as a result of any transaction, reorganization or restructuring of the
Company for any reason. The Company shall be entitled, in connection with its tax planning or
other reasons, to terminate Executive’s employment (which termination shall not be considered a
termination without Cause for purposes of this Agreement or otherwise) in connection with an
invitation from an Affiliate to accept employment with such Affiliate.

          (c) Confidentiality. Executive agrees that during the period of his employment with
the Company or any of its subsidiaries and thereafter, Executive will hold and keep confidential
all secret and confidential information, knowledge or data relating to the Company and its
Affiliates, and their respective businesses, including any confidential information as to customers
of the Company and its Affiliates (i) obtained by Executive during employment by the Company or its
Affiliates and (ii) not otherwise public knowledge or known within the applicable industry.
Executive shall not, without prior written consent of the Company, unless compelled pursuant to the
order of a court or other governmental or legal body having jurisdiction over such matter,
communicate or divulge any such information, knowledge or data to anyone other than the Company and
those designated by it. In the event Executive is compelled by order of a court or other
governmental or legal body to communicate or divulge any such information, knowledge or data to
anyone other than the foregoing, Executive will promptly notify the Company of any such order and
will cooperate fully with the Company in protecting such information to the extent possible under
applicable law. Upon termination of employment with the Company and its Affiliates, or at any time
as the Company may request, Executive will promptly deliver to the Company, as requested, all
documents (whether prepared by the Company, an Affiliate, Executive or a third party) relating to
the Company, an Affiliate or any of their businesses or property which Executive may possess or
have under Executive’s direction or control other than documents provided to Executive as a
participant in any employee benefit plan, policy or program of the Company or any agreement by and
between Executive and the Company or any of its Affiliates with regard to Executive’s employment or
severance.

          (d) Acknowledgement. Executive agrees and acknowledges that each restrictive covenant
in this Section 6 is reasonable as to duration, terms and geographical area and that the same
protects the legitimate interests of the Company and its Affiliates, imposes no undue hardship on
Executive, is not injurious to the public, and that, notwithstanding any provision in this
Agreement to the contrary, any violation of this restrictive covenant shall be

8

 

specifically enforceable in any court of competent jurisdiction. Executive agrees and acknowledges
that a portion of the compensation paid to Executive under this Agreement will be paid in
consideration of the covenants contained in this Section 6, the sufficiency of which consideration
is hereby acknowledged. If any provision of this Section 6 as applied to Executive or to any
circumstance is adjudged by a court with competent jurisdiction to be invalid or unenforceable, the
same shall in no way affect any other circumstance or the validity or enforceability of any other
provisions of this Section 6. If the scope of any such provision, or any part thereof, is too
broad to permit enforcement of such provision to its full extent, Executive agrees that the court
making such determination shall have the power to reduce the duration and/or area of such
provision, and/or to delete specific words or phrases, and in its reduced form, such provision
shall then be enforceable and shall be enforced. Executive agrees and acknowledges that the breach
of this Section 6 will cause irreparable injury to the Company and upon breach of any provision of
this Section 6, the Company shall be entitled to injunctive relief, specific performance or other
equitable relief by any court with competent jurisdiction without the need to prove the inadequacy
of monetary damages or post a bond; provided, however, that this shall in no way
limit any other remedies which the Company may have (including, without limitation, the right to
seek monetary damages). Each of the covenants in this Section 6 shall be construed as an agreement
independent of any other provisions in this Agreement.

     7. SECTION 280G. Notwithstanding anything in this Agreement to the contrary, in the
event that any payment or benefit received or to be received by Executive (including any payment or
benefit received in connection with a “Change in Control” (as defined in the RailAmerica, Inc. 2009
Omnibus Stock Incentive Plan) or the termination of Executive’s employment, whether pursuant to the
terms of this Agreement or any other plan, arrangement or agreement) (all such payments and
benefits being hereinafter referred to as the “Total Payments”) would not be deductible (in
whole or part) by the Company or any of its subsidiaries or Affiliates making such payment or
providing such benefit as a result of Section 280G of the Code, then, to the extent necessary to
make such portion of the Total Payments deductible (and after taking into account any reduction in
the Total Payments provided by reason of Section 280G of the Code in such other plan, arrangement
or agreement), the portion of the Total Payments that do not constitute deferred compensation
within the meaning of Section 409A of the Code shall first be reduced (if necessary, to zero), and
all other Total Payments shall thereafter be reduced (if necessary, to zero).

     8. ASSIGNMENT. This Agreement, and all of the terms and conditions hereof, shall bind
the Company and its successors and assigns and shall bind Executive and Executive’s heirs,
executors and administrators. No transfer or assignment of this Agreement shall release the
Company from any obligation to Executive hereunder. Neither this Agreement, nor any of the
Company’s rights or obligations hereunder, may be assigned or otherwise subject to hypothecation by
Executive, and any such attempted assignment or hypothecation shall be null and void. The Company
may assign the rights and obligations of the Company hereunder, in whole or in part, to any of the
Company’s subsidiaries, Affiliates or parent corporations, or to any other successor or assign in
connection with the sale of all or substantially all of the Company’s assets or stock or in
connection with any merger, acquisition and/or reorganization, provided the assignee assumes the
obligations of the Company hereunder.

9

 

     9. GENERAL.

          (a) Notices. All notices or other communications required or permitted under this
Agreement shall be made in writing and shall be deemed given if delivered personally or sent by
nationally recognized overnight courier service. Any notice or other communication shall be deemed
given on the date of delivery or on the date one (1) business day after it shall have been given to
a nationally-recognized overnight courier service. All such notices or communications shall be
delivered to the recipient at the addresses indicated below:

To the Company:

RailAmerica, Inc.

7411 Fullerton Street

Suite 300

Jacksonville, Florida 32256

Attention: General Counsel

To Executive:

at the address as it appears in the Company’s books and records or at such other
place as Executive shall have designated by notice as herein provided to the
Company.

          (b) Severability. Any provision in this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. To the fullest extent permitted by
applicable law, the parties hereby waive any provision of law which may render any provision hereof
prohibited or unenforceable in any respect.

          (c) Entire Agreement. This Agreement constitutes the entire agreement of the parties
with respect to the subject matter hereof and may not be modified or amended except by a written
agreement signed by the Company and Executive. As of the Effective Date, this Agreement supersedes
any prior agreements or understandings between the parties with respect to the subject matter
hereof (including Sections 1 and 11 of the Original Agreement) provided, that, if the initial
public offering of the Company’s common stock is not consummated, this Agreement shall be null and
void and any existing agreements between the Company and Executive with respect to the subject
matter hereof shall remain in full force and effect. Executive represents that he is free to enter
into this Agreement without violating any agreement or covenant with, or obligation to, any other
entity or individual.

          (d) Counterparts. This Agreement may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, but all such
counterparts shall together constitute one and the same agreement, and all signatures need not
appear on any one counterpart.

10

 

          (e) Amendments. No amendments or other modifications to this Agreement may be made
except by a writing signed by all parties. No amendment or waiver of this Agreement requires the
consent of any individual, partnership, corporation or other entity not a party to this Agreement.
Nothing in this Agreement, express or implied, is intended to confer upon any third person any
rights or remedies under or by reason of this Agreement.

          (f) Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Delaware, without regard to any choice-of-law rules
thereof which might apply the laws of any other jurisdiction.

          (g) Survivorship. The provisions of this Agreement necessary to carry out the
intention of the parties as expressed herein shall survive the termination or expiration of this
Agreement.

          (h) Waiver. The waiver by either party of the other party’s prompt and complete
performance, or breach or violation, of any provision of this Agreement shall not operate nor be
construed as a waiver of any subsequent breach or violation, and the failure by any party hereto to
exercise any right or remedy which it may possess hereunder shall not operate nor be construed as a
bar to the exercise of such right or remedy by such party upon the occurrence of any subsequent
breach or violation. No waiver shall be deemed to have occurred unless set forth in a writing
executed by or on behalf of the waiving party. No such written waiver shall be deemed a continuing
waiver unless specifically stated therein, and each such waiver shall operate only as to the
specific term or condition waived and shall not constitute a waiver of such term or condition for
the future or as to any act other than that specifically waived.

          (i) Section Headings. The section headings contained herein are for the purposes of
convenience only and are not intended to define or limit the contents of said sections.

          (j) Construction. The parties acknowledge that this Agreement is the result of
arm’s-length negotiations between sophisticated parties, each afforded representation by legal
counsel. Each and every provision of this Agreement shall be construed as though both parties
participated equally in the drafting of the same, and any rule of construction that a document
shall be construed against the drafting party shall not be applicable to this Agreement.

          (k) Jurisdiction. Executive hereby irrevocably consents and agrees that any legal
action, suit or proceeding against him with respect to his obligations or liabilities or any other
matter under or arising out of or in connection with this Agreement (other than as set forth in the
definition of “Cause” in Section 5(e) hereof) shall be brought in the United States District Court
for the Middle District of Florida or in the courts of the State of Florida, and, by execution and
delivery of this Agreement, Executive, to the fullest extent permitted by applicable law, hereby
(i) irrevocably accepts and submits to the exclusive jurisdiction of each of the aforesaid courts,
in person, generally and unconditionally with respect to any such action, suit or proceeding,
(ii) agrees not to commence any such action, suit or proceeding in any jurisdiction other than
those of the aforesaid courts, (iii) waives any objection to the laying of venue of any such
action, suit or proceeding therein, (iv) agrees not to plead or claim that such action, suit or

11

 

proceeding has been brought in an inconvenient forum and (v) consents to service of process in
connection with an such action, suit or proceeding by the delivery of notice to such Executive’s
address set forth in this Agreement.

          (l) WAIVER OF JURY TRIAL. EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY
CLAIM OR CAUSE OF ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE SUBJECT MATTER HEREOF.
EACH PARTY ALSO WAIVES ANY BOND OR SURETY OR SECURITY UPON SUCH BOND WHICH MIGHT, BUT FOR THIS
WAIVER, BE REQUIRED OF SUCH PARTY. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF
ANY AND ALL DISPUTES THAT MIGHT BE FILED IN ANY COURT AND THAT MAY RELATE TO THE SUBJECT MATTER OF
THIS AGREEMENT, INCLUDING ALL COMMON LAW AND STATUTORY CLAIMS. EACH PARTY FURTHER REPRESENTS AND
WARRANTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND
VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH SUCH LEGAL COUNSEL. THIS
WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THE
WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, MODIFICATIONS, SUPPLEMENTS OR RESTATEMENTS HEREOF.
IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE
COURT.

          (m) Attorney Fees. Should any party to this Agreement be required to commence any
litigation concerning any provision of this Agreement or the rights and duties of the parties
hereunder, the prevailing party in such proceeding shall be entitled, in addition to such other
relief as may be granted, to the reasonable attorneys’ fees and court costs incurred by reason of
such litigation.

          (n) Cooperation. Executive agrees that, subsequent to any termination of his
employment, he will continue to cooperate with the Company in the prosecution and/or defense of any
claim in which the Company may have an interest (with the right of reimbursement for reasonable
out-of-pocket expenses actually incurred) which may include, without limitation, being available to
participate in any proceeding involving the Company, permitting interviews with representatives of
the Company, appearing for depositions and trial testimony, and producing and/or providing any
documents or names of other persons with relevant information in Executive’s possession or control
arising out of his employment in a reasonable time, place and manner.

[Signature Page Follows]

12

 

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

	 	 	 	 	 
	 	RAILAMERICA, INC.

 	 
	 	By:  	/S/ Scott G. Williams
 	 
	 	 	Name:  	Scott G. Williams 	 
	 	 	Title:  	Senior Vice President and General Counsel 	 
	 
	 	EXECUTIVE

/S/ John E. Giles

John E. Giles

 	 

[Signature Page to Employment Agreement]

13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]