Document:

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                                                                   Exhibit 10.13

                 FORM OF MANAGEMENT STOCK SUBSCRIPTION AGREEMENT

            MANAGEMENT STOCK SUBSCRIPTION AGREEMENT, dated as of _________ (the
"Agreement"), between Allied Worldwide, Inc. (formerly NA Holding Corporation),
a Delaware corporation ("Worldwide"), and the purchaser whose name appears on
the signature page hereof (the "Purchaser").

                                   WITNESSETH:

            WHEREAS, to motivate key employees at Worldwide and the subsidiaries
by providing them an ownership interest in Worldwide, the Board of Directors of
Worldwide (the "Board") has adopted the Allied Worldwide, Inc. Stock Incentive
Plan (formerly the NA Holding Corporation Stock Incentive Plan), as the same may
be amended from time to time (the "Stock Incentive Plan");

            WHEREAS, Worldwide intends to issue up to an aggregate of ________
shares Common Stock, par value $___ per share, of Worldwide (the "Common
Stock"), to the Purchaser and to certain other purchasers who are executives,
senior officers or other key employees of the Company or one of its Subsidiaries
(as defined herein) pursuant to the Stock Incentive Plan, this Agreement and
other substantially identical management stock subscription agreements to be
entered into with such other purchasers and intends to grant options to purchase
up to an aggregate of ________ additional shares of Common Stock to the
Purchaser and to such other executive officers and key employees;

            WHEREAS, the terms of the offering of the shares, and the grant of
options in respect, of the Common Stock to the Purchaser and the other
purchasers (the "Offering") are set forth in a Confidential Offering Memorandum,
dated _________ (as supplemented from time to time, the "Offering Memorandum") a
copy of which has been furnished to the Purchaser;

            WHEREAS, the Purchaser desires to subscribe for and purchase from
Worldwide pursuant to the Stock Incentive Plan the aggregate number of shares of
Common Stock set forth on the signature page hereof (each a "Share" and,
collectively, the "Shares"), at a purchase price of $____ per share; and

            WHEREAS, the Company desires to sell the Shares to the Purchaser on
the terms and subject to the conditions set forth herein and in the Stock
Incentive Plan and subject to the Registration Statement becoming effective.
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             NOW, THEREFORE, to implement the foregoing and in consideration of
the mutual agreements contained herein, the parties hereto hereby agree as
follows:

            1. Purchase and Sale of Common Stock.

            (a) Purchase of Common Stock. Subject to all of the terms and
conditions of this Agreement, the Purchaser hereby subscribes for and shall
purchase, and Worldwide shall sell to the Purchaser, the Shares at a purchase
price of $____ per Share, at the Closing provided for in Section 2(a) hereof.
Notwithstanding anything in this Agreement to the contrary, Worldwide shall have
no obligation to sell any Common Stock to (i) any person who is not an employee
of Worldwide or a Subsidiary thereof (as defined below) at the time that such
Common Stock is to be sold or (ii) any person who is a resident of a
jurisdiction in which the sale of Common Stock to him would constitute a
violation of the securities, "blue sky" or other laws of such jurisdiction.

            (b) Consideration. Subject to all of the terms and conditions of
this Agreement, the Purchaser shall deliver to Worldwide at the Closing referred
to in Section 2(a) hereof immediately available funds in an amount equal to the
aggregate purchase price for the Shares set forth on the signature page hereof.

            2. Closing.

            (a) Time and Place. Except as otherwise agreed by Worldwide and the
Purchaser, the closing (the "Closing") of the transaction contemplated by this
Agreement shall be held at the offices of Debevoise & Plimpton, 875 Third
Avenue, New York, New York at 10:00 am. (New York time) on December 22, 1999.

            (b) Delivery by Worldwide. At the Closing, Worldwide shall deliver
to the Purchaser a stock certificate registered in the Purchaser's name and
representing the Shares, which certificate shall bear the legends set forth in
Section 3(b).

            (c) Delivery by the Purchaser. At the Closing, the Purchaser shall
deliver to Worldwide the consideration referred to in Section 1(b) hereof.

            3. Purchaser's Representations. Warranties and Covenants.

            (a) Investment Intention. The Purchaser represents and warrants that
he is acquiring the Shares solely for his own account for investment and not
with a view to or for sale in connection with any distribution thereof. The
Purchaser agrees that he will not, directly or indirectly, offer, transfer,
sell, pledge, hypothecate or otherwise dispose of any of the Shares (or solicit
any offers to buy, purchase or otherwise acquire or take a pledge

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of any Shares), except in compliance with the Securities Act of 1933, as amended
(the "Securities Act"), and the rules and regulations of the Securities and
Exchange Commission (the "Commission") thereunder, and in compliance with
applicable state and foreign securities or "blue sky" laws. The Purchaser
further understands, acknowledges and agrees that none of the Shares may be
transferred, sold, pledged, hypothecated or otherwise disposed of (i) unless the
provisions of Sections 4 through 8 hereof, inclusive, shall have been complied
with or have expired, (ii) unless (A) such disposition is pursuant to an
effective registration statement under the Securities Act, (B) the Purchaser
shall have delivered to Worldwide an opinion of counsel, which opinion and
counsel shall be reasonably satisfactory to Worldwide, to the effect that such
disposition is exempt from the provisions of Section 5 of the Securities Act or
(C) a no-action letter from the Commission, reasonably satisfactory to
Worldwide, shall have been obtained with respect to such disposition and (iii)
unless such disposition is pursuant to registration under any applicable state
securities laws or an exemption therefrom.

            (b) Legends. The Purchaser acknowledges that the certificate or
certificates representing the Shares shall bear an appropriate legend, which
will include, without limitation, the following language:

            "THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE
            TRANSFER RESTRICTIONS, HOLDBACK AND OTHER PROVISIONS OF A MANAGEMENT
            STOCK SUBSCRIPTION AGREEMENT, DATED AS OF __________, AND NEITHER
            THIS CERTIFICATE NOR THE SHARES REPRESENTED BY IT ARE ASSIGNABLE OR
            OTHERWISE TRANSFERABLE EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF
            SUCH MANAGEMENT STOCK SUBSCRIPTION AGREEMENT, A COPY OF WHICH IS ON
            FILE WITH THE SECRETARY OF WORLDWIDE. THE SHARES REPRESENTED BY THIS
            CERTIFICATE ARE ENTITLED TO CERTAIN OF THE BENEFITS OF AND ARE BOUND
            BY THE OBLIGATIONS SET FORTH IN A REGISTRATION AND PARTICIPATION
            AGREEMENT, DATED AS OF MARCH 30, 1998, AS AMENDED, AND ANY
            AMENDMENTS, SUPPLEMENTS OR MODIFICATIONS THERETO, AMONG WORLDWIDE
            AND CERTAIN STOCKHOLDERS OF WORLDWIDE, A COPY OF THE CURRENT FORM OF
            WHICH IS ON FILE WITH THE SECRETARY OF WORLDWIDE."

            "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
            UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY STATE OR
            FOREIGN SECURITIES

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            LAWS AND MAY NOT BE TRANSFERRED, SOLD, PLEDGED, HYPOTHECATED OR
            OTHERWISE DISPOSED OF UNLESS (i) (A) SUCH DISPOSITION IS PURSUANT TO
            AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF
            1933, AS AMENDED, (B) THE HOLDER HEREOF SHALL HAVE DELIVERED TO
            WORLDWIDE AN OPINION OF COUNSEL, WHICH OPINION AND COUNSEL SHALL BE
            REASONABLY SATISFACTORY TO WORLDWIDE, TO THE EFFECT THAT SUCH
            DISPOSITION IS EXEMPT FROM THE PROVISIONS OF SECTION 5 OF SUCH ACT
            OR (C) A NO-ACTION LETTER FROM THE SECURITIES AND EXCHANGE
            COMMISSION, REASONABLY SATISFACTORY TO COUNSEL FOR WORLDWIDE, SHALL
            HAVE BEEN OBTAINED WITH RESPECT TO SUCH DISPOSITION AND (ii) SUCH
            DISPOSITION IS PURSUANT TO REGISTRATION UNDER ANY APPLICABLE STATE
            SECURITIES LAWS OR AN EXEMPTION THEREFROM."

            (c) Securities Law Matters. The Purchaser acknowledges receipt of
advice from Worldwide that (i) the Shares have not been registered under the
Securities Act or any state or foreign securities or "blue sky" laws, (ii) it is
not anticipated that there will be any public market for the Shares, (iii) the
Shares must be held indefinitely and the Purchaser must continue to bear the
economic risk of the investment in the Shares unless the Shares are subsequently
registered under the Securities Act and such state or foreign laws or an
exemption from registration is available, (iv) Rule 144 promulgated under the
Securities Act ("Rule 144") is not presently available with respect to sales of
securities of Worldwide and Worldwide has made no covenant to make Rule 144
available, (v) when and if the Shares may be disposed of without registration in
reliance upon Rule 144, such disposition can generally be made only in limited
amounts in accordance with the terms and conditions of such Rule, (vi) Worldwide
does not plan to file reports with the Commission or make information concerning
Worldwide publicly available, unless required to do so by law or the terms of
its Financing Agreements (as hereinafter defined), (vii) if the exemption
afforded by Rule 144 is not available, sales of the Shares may be difficult to
effect because of the absence of public information concerning Worldwide, (viii)
a restrictive legend in the form heretofore set forth shall be placed on the
certificates representing the Shares and (ix) a notation shall be made in the
appropriate records of Worldwide indicating that the Shares are subject to
restrictions on transfer set forth in this Agreement and, if Worldwide should in
the future engage the services of a stock transfer agent, appropriate
stop-transfer restrictions will be issued to such transfer agent with respect to
the Shares.

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            (d) Compliance with Rule 144. If any of the Shares are to be
disposed of in accordance with Rule 144, the Purchaser shall transmit to
Worldwide an executed copy of Form 144 (if required by Rule 144) no later than
the time such form is required to be transmitted to the Commission for filing
and such other documentation as Worldwide may reasonably require to assure
compliance with Rule 144 in connection with such disposition.

            (e) Ability to Bear Risk. The Purchaser represents and warrants that
(i) the financial situation of the Purchaser is such that he or she can afford
to bear the economic risk of holding the Shares for an indefinite period and
(ii) he or she can afford to suffer the complete loss of his or her investment
in the Shares.

            (f) Access to Information, Etc. The Purchaser represents and
warrants that (i) the Purchaser has carefully reviewed the Offering Memorandum,
each of the attachments to the Offering Memorandum, each document incorporated
by reference into the Offering Memorandum, and the other materials furnished to
the Purchaser in connection with the transactions contemplated hereby, and (ii)
the Purchaser is, and will be at the Closing, an officer or employee of the
Company or a subsidiary thereof.

            (g) Registration; Restrictions on Sale upon Public Offering. The
Purchaser shall be entitled to the rights and subject to the obligations created
under the Registration and Participation Agreement, dated as of March 30, 1998,
as amended, as the same may be amended from time to time, among Worldwide and
certain stockholders of Worldwide, to the extent provided therein. The Purchaser
agrees that, in the event that Worldwide files a registration statement under
the Securities Act with respect to an underwritten public offering of any shares
of its capital stock, the Purchaser will not effect any public sale (including a
sale under Rule 144) or distribution of any shares of the Common Stock (other
than as part of such underwritten public offering) during the 20 days prior to
and the 180 days after the effective date of such registration statement.

            (h) Section 83(b) Election. The Purchaser agrees that, within 20
days after the Closing, he or she shall give notice to Worldwide as to whether
or not he has made or will make an election pursuant to Section 83(b) of the
Internal Revenue Code of 1986, as amended, with respect to the Shares purchased
at such Closing, and acknowledges that he or she will be solely responsible for
any and all tax liabilities payable by him or her in connection with his
purchase and receipt of the Shares or attributable to his or her making or
failing to make such an election.

            4. Restrictions on Disposition of Shares. Neither the Purchaser nor
any of his or her heirs or representatives shall sell, assign, transfer, pledge
or otherwise directly or indirectly dispose of or encumber any of the Shares to
or with any other person, firm or

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corporation (including, without limitation, transfers to any other holder of
Worldwide's capital stock, dispositions by gift, by will, by a corporation as a
distribution in liquidation and by operation of law other than a transfer of
Shares by operation of law to the estate of the Purchaser upon the death of the
Purchaser, provided that such estate shall be bound by all provisions of this
Agreement) except as provided in Sections 5 through 8 hereof, inclusive. The
restrictions contained in this Section 4 shall terminate in the event that an
underwritten public offering of the Common Stock led by one or more underwriters
at least one of which is of nationally recognized standing (a "Public Offering")
has been consummated and shall not apply to a sale as part of a Public Offering
or at any time thereafter.

            5. Options of Worldwide and the CD&R Fund Upon Proposed Disposition.

            (a) Rights of First Refusal. If the Purchaser desires to accept an
offer (which must be in writing and for cash, be irrevocable by its terms for at
least 60 days and be a bona fide offer as determined in good faith by the Board
or the Executive Committee thereof) from any prospective purchaser to purchase
all or any part of the Shares at any time owned by him, he shall give notice in
writing to Worldwide and Clayton, Dubilier & Rice Fund V Limited Partnership
(the "CD&R Fund") (i) designating the number of Shares proposed to be sold, (ii)
naming the prospective purchaser of such Shares and (iii) specifying the price
(the "Offer Price") at and terms (the "Offer Terms") upon which he desires to
sell the same. During the 30-day period following receipt of such notice by
Worldwide and the CD&R Fund (the "First Refusal Period"), Worldwide shall have
the right to purchase from the Purchaser all (but not less than all) of the
Shares specified in such notice, at the Offer Price and on the Offer Terms.
Worldwide hereby undertakes to use reasonable efforts to act as promptly as
practicable following receipt of such notice to determine whether it shall elect
to exercise such right. If Worldwide fails to exercise such right within the
First Refusal Period, the CD&R Fund shall have the right to purchase all (but
not less than all) of the Shares specified in such notice, at the Offer Price
and on the Offer Terms, at any time during the period beginning on the earlier
of (x) the end of the First Refusal Period and (y) the date of receipt by the
CD&R Fund of written notice that Worldwide has elected not to exercise its
rights under this Section 5(a) and ending 30 days thereafter (the "Second
Refusal Period"). The rights provided hereunder shall be exercised by written
notice to the Purchaser given at any time during the applicable period. If such
right is exercised, Worldwide or the CD&R Fund, as the case may be, shall
deliver to the Purchaser a certified or bank check for the Offer Price, payable
to the order of the Purchaser, against delivery of certificates or other
instruments representing the Shares so purchased, appropriately endorsed by the
Purchaser. If such right shall not have been exercised prior to the expiration
of the Second Refusal Period, then at any time during the 30 days following the
expiration of the Second Refusal Period, the Purchaser may sell

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such Shares to (but only to) the intended purchaser named in his notice to
Worldwide and the CD&R Fund at the Offer Price and on the Offer Terms specified
in such notice, free of all restrictions or obligations imposed by, and free of
any rights or benefits set forth in, Sections 5 through 8, inclusive, of this
Agreement, provided that such intended purchaser shall have agreed in writing to
make and be bound by the representations, warranties and covenants set forth in
Section 3 hereof, other than those set forth in Sections 3(f)(i) and 3(f)(iii),
the first sentence of Section 3(g) and Section 3(h), pursuant to an instrument
of assumption satisfactory in substance and form to Worldwide. The right of the
Purchaser to sell Shares set forth in this Section 5(a), subject to the rights
of first refusal set forth in this Section 5(a), shall be suspended during the
Option Periods referred to in Section 6 hereof, but the provisions of Section 6
shall not otherwise restrict the ability of the Purchaser to sell the Shares,
whether before or after such Option Periods, pursuant to the terms and subject
to the restrictions set forth in this Section 5(a).

            (b) Public Offering. In the event that a Public Offering has been
consummated, neither Worldwide nor the CD&R Fund shall have any rights to
purchase the Shares from the Purchaser pursuant to this Section 5 and this
Section 5 shall not apply to a sale as part of a Public Offering or at any time
thereafter.

            6. Options Effective on Termination of Employment or Unforeseen
Personal Hardship of the Purchaser.

            (a) Termination of Employment. If the Purchaser's active employment
with Worldwide or any Subsidiary thereof that employs the Purchaser is
terminated for any reason whatsoever, Worldwide shall have an option to purchase
all or a portion of the Shares then held by the Purchaser (or, if his employment
was terminated by his death, his estate) and shall have 60 days from the date of
the Purchaser's termination (such 60-day period being hereinafter referred to as
the "First Option Period") during which to give notice in writing to the
Purchaser (or his estate) of its election to exercise or not to exercise such
option, in whole or in part. Worldwide hereby undertakes to use reasonable
efforts to act as promptly as practicable following such termination to make
such election. If Worldwide fails to give notice that it intends to exercise
such option within the First Option Period or Worldwide gives notice that it
does not intend to exercise such option or that it intends to exercise such
option with respect to only a portion of the Shares, the CD&R Fund shall have
the right to purchase all or a portion of the Shares then held by the Purchaser
(or his estate) that will not be repurchased by Worldwide and shall have until
the expiration of the earlier of (x) 60 days following the end of the First
Option Period or (y) 60 days from the date of receipt by the CD&R Fund of
written notice from Worldwide indicating whether it will exercise its option to
purchase any of the Shares (such 60-day period being hereinafter referred to as
the "Second Option Period"), to give notice in writing to the Purchaser (or his
estate) of the CD&R Fund's exercise of its option, in

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whole or in part. If the options of Worldwide and the CD&R Fund to purchase the
Shares pursuant to this subsection are not exercised with respect to all of the
Shares as provided herein (other than as a result of Section 11 hereof), the
Purchaser (or his estate) shall be entitled to retain the Shares which could
have been acquired on exercise thereof, subject to all of the provisions of this
Agreement (including without limitation Section 5(a)). If Worldwide and the CD&R
Fund have failed to exercise their respective options pursuant to this Section
6(a) with respect to all of the Shares within the time periods specified herein,
and if the Purchaser's active employment with Worldwide and each Subsidiary
thereof that employs the Purchaser is terminated (A) by such employer or
employers Without Cause, (B) by the Purchaser by Retirement at Normal Retirement
Age, or (C) by reason of the Disability or death of the Purchaser, then on
notice from the Purchaser (or his estate) in writing and delivered to Worldwide
within 30 days following the earlier of (i) the last day of the Second Option
Period and (ii) the date the CD&R Fund delivers written notice to the Purchaser
indicating whether the CD&R Fund will exercise its option to purchase any of the
Shares, Worldwide shall purchase all (but not less than all) of the Shares then
held by the Purchaser (or his estate). All purchases pursuant to this Section
6(a) by Worldwide or the CD&R Fund shall be for a purchase price and in the
manner prescribed by Section 7 hereof.

            (b) Unforeseen Personal Hardship. In the event that the Purchaser,
while in the employment of Worldwide or any Subsidiary thereof, experiences
Unforeseen Personal Hardship, the Board will carefully consider any request by
the Purchaser that Worldwide repurchase the Purchaser's Shares at a price
determined in accordance with Section 7 hereof, but Worldwide shall have no
obligation to repurchase such Shares. The Board shall consider such request with
respect to Unforeseen Personal Hardship as soon as practicable after receipt by
Worldwide of a written request by the Purchaser, such request to include
sufficient details of the Purchaser's Unforeseen Personal Hardship to permit the
Board to review the request and the circumstances in an informed manner.

            (c) Certain Definitions. As used in this Agreement the following
terms shall have the following meanings:

            (i) "Cause" shall mean (i) the continued and willful failure of the
      Purchaser substantially to perform the duties of his or her employment for
      Worldwide or any Subsidiary (other than any such failure due to the
      Grantee's physical or mental illness) after a demand for substantial
      performance has been delivered in writing to the Purchaser by the
      executive to whom the Purchaser reports or by the Board, which demand
      identifies the manner in which such executive or the Board, as the case
      may be, believes that the Purchaser has not substantially performed such
      duties, (ii) the Purchaser's engaging in willful and serious misconduct
      that has caused or is reasonably expected to result in material injury to
      Worldwide or any

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      of its Subsidiaries or Affiliates (as defined herein), (iii) the
      Purchaser's conviction of, or entering a plea of guilty or nolo contendere
      to, a crime that constitutes a felony or (iv) the material breach by the
      Purchaser of any of his or her obligations hereunder or under any other
      written agreement or covenant with Worldwide or any of its Subsidiaries or
      Affiliates.

            (ii) "Retirement at Normal Retirement Age" shall mean the
      Purchaser's retirement from employment with Worldwide or the Subsidiary
      thereof that employs the Purchaser at age 65 or later.

            (iii) "Disability" shall mean a physical or mental disability or
      infirmity that prevents the performance of the Purchaser's
      employment-related duties lasting (or likely to last, based on competent
      medical evidence presented to the Board) for a period of six months or
      longer. The Board's reasoned and good faith judgment as to Disability
      shall be final and shall be based on such competent medical evidence as
      shall be presented to it by the Purchaser or by any physician or group of
      physicians or other competent medical expert employed by the Purchaser or
      Worldwide to advise the Board.

            (iv) "Unforeseen Personal Hardship" shall mean financial hardship
      arising from (x) extraordinary medical expenses or other expenses directly
      related to illness or disability of the Purchaser, a member of the
      Purchaser's immediate family or one of the Purchaser's parents or (y)
      payments necessary or required to prevent the eviction of the Purchaser
      from the Purchaser's principal residence or foreclosure on the mortgage on
      that residence. The Board's reasoned and good faith determination of
      Unforeseen Personal Hardship shall be binding on Worldwide and the
      Purchaser.

            (d) Notice of Termination. Worldwide or the Subsidiary thereof that
employs the Purchaser shall give written notice of any termination of the
Purchaser's active employment with each of Worldwide and any Subsidiary thereof
that employs the Purchaser to the CD&R Fund, except that if such termination (if
other than as a result of death) is by the Purchaser, the Purchaser shall give
written notice of such termination to Worldwide and Worldwide shall give written
notice of such termination to the CD&R Fund.

            (e) Public Offering. In the event that a Public Offering has been
consummated, none of Worldwide, the CD&R Fund or the Purchaser shall have any
rights to purchase or sell the Shares, as the case may be, pursuant to this
Section 6 and this Section 6 shall not apply to a sale as part of a Public
Offering.

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            7. Determination of the Purchase Price; Manner of Payment.

            (a) Purchase Price. For the purposes of any purchase of the Shares
pursuant to Section 6, and subject to Section 11(c), the purchase price per
Share to be paid to the Purchaser (or his estate) for each Share (the "Purchase
Price") shall equal the fair market value (the "Fair Market Value") of such
Share as of the effective date of the termination of employment that gives rise
to the right of Worldwide and the CD&R Fund or obligation of Worldwide to
repurchase such Share or, in the case of a repurchase as a result of Unforeseen
Personal Hardship, as of the date such Shares are repurchased (such date of
termination or repurchase, as applicable, the "Determination Date"); provided
that if the Purchaser's employment is terminated by Worldwide or any Subsidiary
thereof for Cause, the Purchase Price for such Share shall equal the lesser of
(i) the Fair Market Value of such Share as of the Determination Date and (ii)
the price at which the Purchaser purchased such Share from Worldwide pursuant to
this Agreement. Whenever determination of the Fair Market Value of a Share is
required by this Agreement, such Fair Market Value shall be such amount as is
determined in good faith by the Board. In making a determination of Fair Market
Value, the Board shall give due consideration to such factors as it deems
appropriate, including, without limitation, the earnings and certain other
financial and operating information of Worldwide and its Subsidiaries in recent
periods, the potential value of Worldwide and its Subsidiaries as a whole, the
future prospects of Worldwide and its Subsidiaries and the industries in which
they compete, the history and management of Worldwide and its Subsidiaries, the
general condition of the securities markets, the fair market value of securities
of companies engaged in businesses similar to those of Worldwide and its
Subsidiaries and the Applicable Share Valuation (as defined below). The
determination of Fair Market Value will not give effect to any restrictions on
transfer of the Shares or the fact that such Shares would represent a minority
interest in Worldwide. For purposes of this Agreement, the term "Applicable
Share Valuation" shall mean the annual valuation of the Common Stock performed
as of the last day of the last fiscal year of Worldwide ending prior to the
Determination Date by an independent valuation firm chosen by the Board, except
that, in the case of a Determination Date occurring during the fourth fiscal
quarter of any fiscal year of Worldwide beginning with the fourth quarter of the
1999 fiscal year of Worldwide, the term "Applicable Share Valuation" shall mean
the annual valuation of the Common Stock performed as of the last day of such
fourth fiscal quarter by an independent valuation firm chosen by the Board. Such
annual valuations shall be performed as promptly as practicable following the
end of each fiscal year of Worldwide, beginning with the 2000 fiscal year of
Worldwide. The Fair Market Value as determined in good faith by the Board and in
the absence of fraud shall be binding and conclusive upon all parties hereto. If
Worldwide at any time subdivides (by any stock split, stock dividend or
otherwise) the Common Stock into a greater number of shares, or combines (by
reverse stock split or otherwise) the Common Stock into a smaller number of
shares, the Purchase Price (including any minimum or maximum Purchase Price

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specified herein or in effect as a result of a prior adjustment) shall be
appropriately adjusted to reflect such subdivision or combination.

            (b) Closing of Purchase; Payment of Purchase Price. Subject to
Section 11, the closing of a purchase pursuant to Section 6 shall take place at
the principal office of Worldwide on the tenth business day following whichever
of the following is applicable: (i) the receipt by the Purchaser (or his estate)
of the notice of Worldwide or the CD&R Fund, as the case may be, of its exercise
of its option to purchase any of the Shares pursuant to Section 6(a) or (ii)
Worldwide's receipt of notice from the Purchaser (or his estate) requiring
Worldwide to purchase all of the Shares pursuant to Section 6(a) or (iii) the
Board's determination (which shall be delivered to the Purchaser) that Worldwide
is authorized to purchase Shares as a result of Unforeseen Personal Hardship
pursuant to Section 6(b). At the closing, (i) subject to the proviso below,
Worldwide or the CD&R Fund, as the case may be, shall pay to the Purchaser (or
his estate) an amount equal to the Purchase Price and (ii) the Purchaser (or his
estate) shall deliver to Worldwide such certificates or other instruments
representing the Shares so purchased, appropriately endorsed by the Purchaser
(or his estate), as Worldwide may reasonably require; provided, however, that if
the Determination Date occurs during the first or last fiscal quarter of any
fiscal year of Worldwide, Worldwide or the CD&R Fund, as the case may be, may
elect to pay the Purchase Price in two installments. In any such event, (i) at
the closing of the purchase of the Shares, Worldwide or the CD&R Fund, as the
case may be, shall pay to the Purchaser (or his estate) an amount (the "First
Installment Amount") equal to 80% of the Fair Market Value of the Shares,
determined pursuant to Section 7(a) hereof on the basis of the most recent
available valuation of the Shares, and (ii) no later than the tenth business day
following receipt by Worldwide of the Applicable Share Valuation, Worldwide or
the CD&R Fund, as the case may be, shall pay an additional amount to the
Purchaser (or his estate) equal to the sum of (1) the excess (the "Excess
Payment"), if any, of (A) the Purchase Price for the Shares, over (B) the First
Installment Amount and (2) an amount calculated by multiplying the Excess
Payment by a percentage equal to the average annual cost to Worldwide of its and
its Subsidiaries bank indebtedness obligations outstanding during the period
commencing on the closing date of the purchase of the Shares and ending on the
date of payment of such additional amount pursuant to this clause (ii) or, if
there are no such obligations outstanding, one percentage point greater than the
average annual prime rate charged during such period by Chase Bank or such other
nationally recognized bank designated by Worldwide.

            (c) Application of the Purchase Price to Certain Loans. The
Purchaser agrees that Worldwide and the CD&R Fund shall be entitled to apply any
amounts to be paid by Worldwide or the CD&R Fund, as the case may be, to
repurchase Shares pursuant to Section 5 or 6 hereof to discharge any
indebtedness of the Purchaser to Worldwide or any Subsidiary thereof or
indebtedness that is guaranteed by Worldwide or any such

                                       11
<PAGE>

Subsidiary, which indebtedness was incurred by the Purchaser in connection with
his purchase of any shares of Common Stock, including the Shares.

            8. Drag-Along Rights.

            (a) Drag-Along Notice. If the CD&R Fund intends to effect a sale of
51% or more of its shares of common stock of Worldwide to a third party (a
"Third Party Buyer") and the CD&R Fund elects to exercise its rights under this
Section 8, the CD&R Fund shall deliver written notice (a "Drag-Along Notice") to
the Purchaser, which notice shall (a) state (i) that the CD&R Fund wishes to
exercise its rights under this Section 8 with respect to such sale, (ii) the
name and address of the Third Party Buyer, (iii) the per share amount and form
of consideration the CD&R Fund proposes to receive for its shares of common
stock of Worldwide and (iv) the terms and conditions of payment of such
consideration and all other material terms and conditions of such sale, (b)
contain an offer (the "Drag-Along Offer") by the Third Party Buyer to purchase
from the Purchaser a percentage of his Shares equal to the percentage of the
shares of common stock of Worldwide owned by the CD&R Fund that are to be sold
to the Third Party Buyer (such percentage, the "Applicable Percentage") on and
subject to the same terms and conditions offered to the CD&R Fund and (c) state
the anticipated time and place of the closing of the purchase and sale of the
Applicable Percentage of the Shares (a "Section 8 Closing"), which (subject to
such terms and conditions) shall occur not fewer than five (5) days nor more
than ninety (90) days after the date such Drag-Along Notice is delivered,
provided that if such Section 8 Closing shall not occur prior to the expiration
of such 90-day period, the CD&R Fund shall be entitled to deliver additional
Drag-Along Notices with respect to such Drag-Along Offer.

            (b) Conditions to Drag-Along. Upon delivery of a Drag-Along Notice,
the Purchaser shall have the obligation to sell and transfer to the Third Party
Buyer the Applicable Percentage of the Purchaser's Shares pursuant to the
Drag-Along Offer, as the same may be modified from time to time, provided that
the CD&R Fund sells and transfers the Applicable Percentage of its shares of
common stock of Worldwide to the Third Party Buyer at the Section 8 Closing.
Within 10 days of receipt of the Drag-Along Notice, the Purchaser shall (i)
execute and deliver to the CD&R Fund a power of attorney and a letter of
transmittal and custody agreement appointing, and in form and substance
reasonably satisfactory to, the CD&R Fund or one or more of its affiliates
designated by the CD&R Fund (the "Custodian"), the true and lawful
attorney-in-fact and custodian for the Purchaser, with full power of
substitution, and authorizing the Custodian to take such actions as the
Custodian may deem necessary or appropriate to effect the sale and transfer of
the Applicable Percentage of the Shares to the Third Party Buyer, upon receipt
of the purchase price therefor at the Section 8 Closing, free and clear of all
security interests, liens, claims, encumbrances, charges, options, restrictions
on transfer, proxies and voting

                                       12
<PAGE>

and other agreements of whatever nature, and to take such other action as may be
necessary or appropriate in connection with such sale or transfer, including
consenting to any amendments, waivers, modifications or supplements to the terms
of the sale (provided that the CD&R Fund also so consents, and, to the extent
applicable, sells and transfers the Applicable Percentage of its shares of
common stock of Worldwide on the same terms as so amended, waived, modified or
supplemented) and (ii) deliver to the Custodian certificates representing the
Applicable Percentage of the Shares, together with all necessary duly executed
stock powers. The Custodian shall hold the Applicable Percentage of the Shares
and other documents in trust for the Purchaser pending completion or abandonment
of such sale. If, within 90 days after the CD&R Fund delivers the Drag-Along
Notice, the CD&R Fund has not completed the sale of the Applicable Percentage of
the Shares and of its shares of common stock of Worldwide to the Third Party
Buyer and another Drag-Along Notice with respect to such Drag-Along Offer has
not been sent to the Purchaser, the Custodian shall return to the Purchaser all
certificates representing the Applicable Percentage of the Shares and all other
documents that the Purchaser delivered in connection with such sale. Promptly
after the Section 8 Closing, the Custodian shall give notice thereof to the
Purchaser, shall remit to the Purchaser the total consideration for the
Applicable Percentage of the Shares sold pursuant thereto (reduced by any amount
required to be held in escrow pursuant to the terms of the purchase and sale
agreement), and shall furnish such other evidence of the completion and time of
completion of such sale and the terms thereof as may reasonably be requested by
the Purchaser.

            (c) Remedies. The Purchaser acknowledges that the CD&R Fund would be
irreparably damaged in the event of a breach or a threatened breach by the
Purchaser of any of its obligations under this Section 8 and the Purchaser
agrees that, in the event of a breach or a threatened breach by the Purchaser of
any such obligation, the CD&R Fund shall, in addition to any other rights and
remedies available to it in respect of such breach, be entitled to an injunction
from a court of competent jurisdiction (without any requirement to post bond)
granting it specific performance by the Purchaser of its obligations under this
Section 8. In the event that the CD&R Fund shall file suit to enforce the
covenants contained in this Section 8 (or obtain any other remedy in respect of
any breach thereof), the prevailing party in the suit shall be entitled to
recover, in addition to all other damages to which it may be entitled, the costs
incurred by such party in conducting the suit, including reasonable attorney's
fees and expenses. In the event that, following a breach or a threatened breach
by the Purchaser of the provisions of this Section 8, the CD&R Fund does not
obtain an injunction granting it specific performance of the Purchaser's
obligations under this Section 8 in connection with such proposed sale prior to
the time the CD&R Fund completes the sale of the Applicable Percentage of its
shares of common stock of Worldwide or, in its sole discretion, abandons such
sale, then Worldwide shall have the option to purchase all of the Shares from
the Purchaser at a purchase price per Share equal to the price at which the
Purchaser purchased such shares of

                                       13
<PAGE>

Common Stock from Worldwide or, if less, the per share consideration payable
pursuant to the Drag-Along Offer.

            (d) Public Offering. In the event that a Public Offering has been
consummated, the provisions of this Section 8 shall terminate and cease to have
further effect.

            9. Representations and Warranties of Worldwide. Worldwide represents
and warrants to the Purchaser that (a) Worldwide has been duly incorporated and
is an existing corporation in good standing under the laws of the State of
Delaware, (b) this Agreement has been duly authorized, executed and delivered by
Worldwide and constitutes a valid and legally binding obligation of Worldwide
enforceable against Worldwide in accordance with its terms, and (c) the Shares,
when issued, delivered and paid for in accordance with the terms hereof, will be
duly and validly issued, fully paid and nonassessable, and free and clear of any
liens or encumbrances other than those created pursuant to this Agreement, or
otherwise in connection with the transactions contemplated hereby.

            10. Covenants of Worldwide.

            (a) Rule 144. Worldwide agrees that at all times after it has filed
a registration statement after the date hereof pursuant to the requirements of
the Securities Act or Section 12 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), relating to any class of equity securities of
Worldwide (other than (i) the registration of equity securities of Worldwide
and/or options in respect thereof to be offered primarily to directors or
members of management or employees of Worldwide, any Subsidiary thereof or any
of their respective predecessors, or to senior executives of, or consultants to,
corporations in which entities managed or sponsored by Clayton, Dubilier & Rice,
Inc. have or have made equity investments, or (ii) the registration of equity
securities and/or options in respect thereof solely on Form S-4 or S-8 or any
successor form), it will file the reports required to be filed by it under the
Securities Act and the Exchange Act and the rules and regulations adopted by the
Commission thereunder (or, if Worldwide is not required to file such reports, it
will, upon the request of the Purchaser, make publicly available such
information as necessary to permit sales pursuant to Rule 144 under the
Securities Act), and will take such further action as the Purchaser may
reasonably request, all to the extent required from time to time to enable the
Purchaser to sell Shares without registration under the Securities Act within
the limitation of the exemptions provided by (i) Rule 144, as such Rule may be
amended from time to time, or (ii) any successor rule or regulation hereafter
adopted by the Commission.

                                       14
<PAGE>

            (b) State Securities Laws. Worldwide agrees to use its best efforts
to comply with all state securities or "blue sky" laws applicable to the sale of
the Shares to the Purchaser, provided that Worldwide shall not be obligated to
qualify or register the Shares under any such law or to qualify as a foreign
corporation or file any consent to service of process under the laws of any
jurisdiction or subject itself to taxation as doing business in any such
jurisdiction.

            11. Certain Restrictions on Repurchases.

            (a) Financing Agreements, etc. Notwithstanding any other provision
of this Agreement, Worldwide shall not be permitted or obligated to repurchase
any Shares from the Purchaser if (i) such repurchase (or the payment of a
dividend by a Subsidiary to Worldwide to fund such repurchase) would result in a
violation of the terms or provisions of, or result in a default or an event of
default under any of the Credit Agreement, dated as of November 19, 1999 and
amended as of November 23, 1999, among North American Van Lines, Inc. ("NAVL"),
the Foreign Subsidiary Borrowers from time to time party thereto, the several
banks and financial institutions from time to time party thereto, the Bank of
New York, as documentation agent, Banc of America Securities, LLC, as
syndication agent, and The Chase Manhattan Bank, as administrative agent, the
Indenture dated as of November 19, 1999, among NAVL, certain subsidiaries of
NAVL, as guarantors, and State Street Bank and Trust Company, as Trustee, any
other guaranty, financing or security agreement or document entered into (x) by
Worldwide or any subsidiary that is in effect on or after the date hereof (y) in
connection with the operations of Worldwide or its Subsidiaries from time to
time, or (z) to refinance or replace any indebtedness described in this Section
11(a) (such agreements and documents, as each may be amended, modified or
supplemented from time to time, are referred to herein as the "Financing
Agreements"), in each case as the same may be amended, modified or supplemented
from time to time, or (ii) such repurchase would violate any of the terms or
provisions of the Certificate of Incorporation of Worldwide, or (iii) Worldwide
has no funds legally available therefor under the General Corporation Law of the
State of Delaware.

            (b) Delay of Repurchase. In the event that a repurchase by Worldwide
otherwise permitted or required under Section 6(a) is prevented solely by the
terms of Section 11(a), (i) such repurchase will be postponed and will take
place without the application of further conditions or impediments (other than
as set forth in Section 7 hereof or in this Section 11) at the first opportunity
thereafter when Worldwide has funds legally available therefor and when such
repurchase will not result in any default, event of default or violation under
any of the Financing Agreements or in a violation of any term or provision of
the Certificate of Incorporation of Worldwide and (ii) such repurchase
obligation shall rank against other similar repurchase obligations with respect
to shares of

                                       15
<PAGE>

Common Stock or options in respect thereof according to priority in time of the
effective date of the termination of employment giving rise to such repurchase,
provided that any such repurchase obligations as to which a common date
determines priority shall be of equal priority and shall share pro rata in any
repurchase payments made pursuant to clause (i) above and provided, further,
that any repurchase commitment arising from Disability, death, Retirement at
Normal Retirement Age or any repurchase commitment made by the Board pursuant to
Section 6(b) or the comparable provisions of any other applicable management
stock subscription agreement shall have priority over any other repurchase
obligation.

            (c) Purchase Price Adjustment. In the event that a repurchase of
Shares from the Purchaser is delayed pursuant to this Section 11, the purchase
price per Share when the repurchase of such Shares eventually takes place as
contemplated by Section 11(b) shall equal the sum of (i) the Purchase Price
determined in accordance with Section 7 hereof at the time that the repurchase
of such Shares would have occurred but for the operation of this Section 11,
plus (ii) an amount equal to interest on such Purchase Price for the period from
the date on which the completion of the repurchase would have taken place but
for the operation of this Section 11 to the date on which such repurchase
actually takes place (the "Delay Period") at a rate equal to the average annual
cost to Worldwide of its and its Subsidiaries bank indebtedness obligations
outstanding during the Delay Period or, if there are no such obligations
outstanding, one percentage point greater than the average prime rate charged
during such period by Chase Bank or such other nationally recognized bank
designated by Worldwide.

            12. Miscellaneous.

            (a) Notices. All notices and other communications required or
permitted to be given under this Agreement shall be in writing and shall be
deemed to have been given if delivered personally or sent by certified or
express mail, return receipt requested, postage prepaid, or by any recognized
international equivalent of such delivery, to Worldwide, the CD&R Fund or the
Purchaser, as the case may be, at the following addresses or to such other
address as Worldwide, the CD&R Fund or the Purchaser, as the case may be, shall
specify by notice to the others:

                                       16
<PAGE>

            (i) if to Worldwide, to it at:

                  c/o North American Van Lines, Inc.
                  Law Department
                  5501 U.S. Highway 30 West
                  Fort Wayne, Indiana 46801

                  Attention: General Counsel

            (ii) if to the Purchaser, to the Purchaser at the address set forth
      on the signature page hereof.

            (iii) if to the CD&R Fund, to:

                  Clayton, Dubilier & Rice Fund V Limited Partnership
                  1403 Foulk Road, Suite 106
                  Wilmington, Delaware 19803
                  Attention: Joseph L. Rice, III

All such notices and communications shall be deemed to have been received on the
date of delivery if delivered personally or on the third business day after the
mailing thereof. Copies of any notice or other communication given under this
Agreement shall also be given to:

                  Clayton, Dubilier & Rice, Inc.
                  375 Park Avenue, 18th Floor
                  New York, New York 10152
                  Attention: Kevin J. Conway

            and

                  Debevoise & Plimpton
                  875 Third Avenue
                  New York, New York 10022
                  Attention: Paul S. Bird, Esq.

The CD&R Fund also shall be given a copy of any notice or other communication
between the Purchaser and Worldwide under this Agreement at its address as set
forth above.

            (b) Binding Effect; Benefits. This Agreement shall be binding upon
and inure to the benefit of the parties to this Agreement and their respective
successors and

                                       17
<PAGE>

assigns. Except as provided in Sections 4 through 8, inclusive, nothing in this
Agreement, express or implied, is intended or shall be construed to give any
person other than the parties to this Agreement or their respective successors
or assigns any legal or equitable right, remedy or claim under or in respect of
any agreement or any provision contained herein.

            (c) Waiver; Amendment.

            (i) Waiver. Any party hereto may by written notice to the other
      parties (A) extend the time for the performance of any of the obligations
      or other actions of the other parties under this Agreement, (B) waive
      compliance with any of the conditions or covenants of the other parties
      contained in this Agreement, and (C) waive or modify performance of any of
      the obligations of the other parties under this Agreement, provided that
      any waiver of the provisions of Sections 4 through 8, inclusive, must be
      consented to by the CD&R Fund. Except as provided in the preceding
      sentence, no action taken pursuant to this Agreement, including, without
      limitation, any investigation by or on behalf of any party, shall be
      deemed to constitute a waiver by the party taking such action of
      compliance with any representations, warranties, covenants or agreements
      contained herein. The waiver by any party hereto of a breach of any
      provision of this Agreement shall not operate or be construed as a waiver
      of any preceding or succeeding breach and no failure by a party to
      exercise any right or privilege hereunder shall be deemed a waiver of such
      party's rights or privileges hereunder or shall be deemed a waiver of such
      party's rights to exercise the same at any subsequent time or times
      hereunder.

            (ii) Amendment. This Agreement may be amended, modified or
      supplemented only by a written instrument executed by the Purchaser and
      Worldwide, provided that any amendment adversely affecting the rights of
      the CD&R Fund hereunder must be consented to by the CD&R Fund. The parties
      hereto acknowledge that Worldwide's consent to an amendment or
      modification of this Agreement is subject to the terms and provisions of
      the Financing Agreements.

            (d) Assignability. Neither this Agreement nor any right, remedy,
obligation or liability arising hereunder or by reason hereof shall be
assignable by Worldwide or the Purchaser without the prior written consent of
the other parties. The CD&R Fund may assign from time to time all or any portion
of its rights under Sections 4 through 8, inclusive, to one or more persons or
other entities designated by it.

            (e) Applicable Law. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE

                                       18
<PAGE>

OF DELAWARE, REGARDLESS OF THE LAW THAT MIGHT BE APPLIED UNDER PRINCIPLES OF
CONFLICT OF LAWS.

            (f) Section and Other Headings, etc. The section and other headings
contained in this Agreement are for reference purposes only and shall not affect
the meaning or interpretation of this Agreement.

            (g) Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original and all of which
together shall constitute one and the same instrument.

            (h) Certain Definitions.

            "Affiliate": with respect to any Person, means any other Person
that, directly or indirectly through one or more intermediaries, Controls, is
Controlled by, or is under common Control with the first Person, including but
not limited to a Subsidiary of the first Person, a Person of which the first
Person is a Subsidiary, or another Subsidiary of a Person of which the first
Person is also a Subsidiary.

            "Control": with respect to any Person, means the possession,
directly or indirectly, severally or jointly, of the power to direct or cause
the direction of the management policies of such Person, whether through the
ownership of voting securities, by contract or credit arrangement, as trustee or
executor, or otherwise.

            "Person": any natural person, firm, partnership, limited liability
company, association, corporation, company, trust, business trust, governmental
authority or other entity.

            "Subsidiary": with respect to any Person, each corporation or other
Person in which the first Person owns or Controls, directly or indirectly,
capital stock or other ownership interests representing 50% or more of the
combined voting power of the outstanding voting stock or other ownership
interests of such corporation or other Person.

            "Successor": of a Person means a Person that succeeds to the first
Person's assets and liabilities by merger, liquidation, dissolution or otherwise
by operation of law, or a Person to which all or substantially all the assets
and/or business of the first Person are transferred.

                                       19
<PAGE>

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

                                       ALLIED WORLDWIDE, INC.

                                       By:______________________________________
                                          Name:
                                          Title:

                                       THE PURCHASER:

                                       (Name)

                                       By:______________________________________
                                          as Attorney-in-Fact
                                          Name:

                                       Address of the Purchaser:

                                       (Address)

Total Number of Shares
of Common Stock to be
Purchased:                             (Shares)

Total Purchase
Price:                                 $(Share Amount)

                                            20<PAGE>

                                                                   Exhibit 10.14

                    FORM OF MANAGEMENT STOCK OPTION AGREEMENT

            MANAGEMENT STOCK OPTION AGREEMENT, dated as of __________, by and
between Allied Worldwide, Inc. (formerly NA Holding Corporation), a Delaware
corporation ("Worldwide"), and the grantee whose name appears on the signature
page hereof (the "Grantee").

                              W I T N E S S E T H:

            WHEREAS, to motivate key employees of Worldwide and the Subsidiaries
by providing them an ownership interest in Worldwide, the Board of Directors of
Worldwide (the "Board") has established the Allied Worldwide, Inc. Stock
Incentive Plan (formerly the NA Holding Corporation Stock Incentive Plan), as
the same may be amended from time to time (the "Plan"); and

            WHEREAS, the Grantee has purchased the number of shares of Common
Stock, par value $____ per share, of Worldwide (the "Common Stock") set forth on
the signature page to the Management Stock Subscription Agreement, dated as of
the date hereof, between Worldwide and the Grantee;

            WHEREAS, pursuant to the Plan, the Board has authorized the grant to
the Grantee of non-qualified stock options to purchase the aggregate number of
shares of Common Stock set forth on the signature page hereof (each, a "Share"
and, collectively, the "Shares"), at an exercise price per Share of $_____ and

            WHEREAS, the Grantee and Worldwide desire to enter into an agreement
to evidence and confirm the grant of such stock options on the terms and
conditions set forth herein;

            NOW, THEREFORE, to evidence the stock options so granted, and to set
forth the terms and conditions governing such stock options, Worldwide and the
Grantee hereby agree as follows:

            1. Certain Definitions. As used in this Agreement, the following
      terms shall have the following meanings:

            (a) "Affiliate" shall mean, with respect to any person, any other
      person controlled by, controlling or under common control with such
      person.

            (b) "Annual EBITDA Target" shall mean, with respect to each of the
      five Fiscal Years after the date hereof that are included in the Business
      Plan, the EBITDA targeted for such Fiscal Year in the Business Plan;
      provided, however, that in the event Worldwide or any Subsidiary
      consummates a significant acquisition, disposition or other corporate
      transaction or series of transactions
<PAGE>

      that, in the judgment of the Board, would reasonably be expected to impact
      the consolidated earnings of Worldwide and the Subsidiaries, the EBITDA
      Target for the relevant Fiscal Years may be appropriately adjusted by the
      Board to reflect such transaction or series of transactions.

            (c) "Applicable Percentage" shall mean, as of any date of
      determination, the excess of (i) the quotient, expressed as a percentage,
      of (x) the actual, aggregate EBITDA achieved by Worldwide and the
      Subsidiaries during the Measurement Period divided by (y) the Cumulative
      EBITDA Target over (ii) the percentage, if any, of all of the Performance
      Options granted to the Grantee hereunder that have become vested in
      accordance with Section 3(b)(ii) prior to such date of determination.

            (d) "Applicable Share Valuation" shall mean the annual valuation of
      the Shares performed by an independent valuation firm chosen by the Board
      as of the last day of the last Fiscal Year ending prior to the
      Determination Date, except that, in the case of a Determination Date
      occurring during the fourth fiscal quarter of any Fiscal Year beginning
      with the fourth quarter of the 1999 Fiscal Year, the term "Applicable
      Share Valuation" shall mean the annual valuation of the Shares performed
      by an independent valuation firm chosen by the Board as of the last day of
      such fourth fiscal quarter. Such annual valuations shall be performed for
      the 2000 Fiscal Year and for each Fiscal Year ending thereafter and prior
      to any initial Public Offering as promptly as practicable following the
      end of each such Fiscal Year.

            (e) "Board" shall mean the Board of Directors of Worldwide.

            (f) "Business Plan" shall mean the business plan of Worldwide and
      the Subsidiaries for the first five Fiscal Years after the date hereof, as
      adopted by the Board.

            (g) "CD&R Fund" shall mean Clayton, Dubilier & Rice Fund V Limited
      Partnership, a Cayman Islands exempted limited partnership, and any
      successor investment vehicle managed by Clayton, Dubilier & Rice, Inc.

            (h) "Cause" shall mean (i) the continued and willful failure of the
      Grantee substantially to perform the duties of his or her employment for
      Worldwide or any Subsidiary (other than any such failure due to the
      Grantee's physical or mental illness) after a demand for substantial
      performance has been delivered in writing to the Grantee by the executive
      to whom the Grantee reports or by the Board, which demand identifies the
      manner in which such executive or the Board, as the case may be, believes
      that the Grantee has not substantially performed such

                                       2
<PAGE>

      duties, (ii) the Grantee's engaging in willful and serious misconduct that
      has caused or is reasonably expected to result in material injury to
      Worldwide or any of its Subsidiaries or Affiliates, (iii) the Grantee's
      conviction of, or entering a plea of guilty or nolo contendere to, a crime
      that constitutes a felony or (iv) the material breach by the Grantee of
      any of his or her obligations hereunder or under any other written
      agreement or covenant with Worldwide or any of its Subsidiaries or
      Affiliates.

            (i) "Change in Control" shall mean the first to occur of the
      following events after the date hereof:

                  (i) the acquisition by any person, entity or "group" (as
            defined in Section 13(d) of the Exchange Act), other than Worldwide,
            the Subsidiaries, any employee benefit plan of Worldwide or the
            Subsidiaries, the CD&R Fund or any Affiliate of the CD&R Fund, of
            50% or more of the combined voting power of Worldwide's or North
            American Van Lines's ("NAVL") then outstanding voting securities;

                  (ii) the merger or consolidation of Worldwide or NAVL, as a
            result of which persons who were stockholders of Worldwide or NAVL,
            as the case may be, immediately prior to such merger or
            consolidation, do not, immediately thereafter, own, directly or
            indirectly, more than 50% of the combined voting power entitled to
            vote generally in the election of directors of the merged or
            consolidated company;

                  (iii) the liquidation or dissolution of Worldwide or NAVL
            other than a liquidation of Worldwide or NAVL into the other or into
            any Subsidiary; and

                  (iv) the sale, transfer or other disposition of all or
            substantially all of the assets of Worldwide or NAVL to one or more
            persons or entities that are not, immediately prior to such sale,
            transfer or other disposition, Affiliates of Worldwide, NAVL or the
            CD&R Fund.

            (j) "Change in Control Price" shall mean the price per share of
      Common Stock paid in conjunction with any transaction resulting in a
      Change in Control (as determined in good faith by the Board if any part of
      such price is payable other than in cash).

            (k) "Common Stock" shall mean the Common Stock, par value $.01 per
      share, of Worldwide.

                                       3
<PAGE>

            (l) "Covered Options" shall have the meaning set forth in Section
      4(b) hereof.

            (m) "Cumulative EBITDA Target" shall mean the sum of the Annual
      EBITDA Targets for each of the first five Fiscal Years included in the
      Business Plan, as the same may be adjusted from time to time in accordance
      with this Agreement.

            (n) "Delay Period" shall have the meaning set forth in Section 10(c)
      hereof.

            (o) "Determination Date" shall mean the effective date of any
      termination of the Grantee's employment that gives rise to the successive
      rights of Worldwide and the CD&R Fund to purchase Covered Options pursuant
      to Section 5(c).

            (p) "Disability" shall mean a physical or mental disability or
      infirmity that prevents the performance of the Grantee's
      employment-related duties lasting (or likely to last, based on competent
      medical evidence presented to the Board) for a period of six months or
      longer. The Board's reasoned and good faith judgment as to Disability
      shall be final and shall be based on such competent medical evidence as
      shall be presented to it by the Grantee or by any physician or group of
      physicians or other competent medical expert employed by the Grantee or
      Worldwide to advise the Board.

            (q) "EBITDA" shall have the meaning assigned to such term in the
      Credit Agreement, dated as of November 19, 1999 and amended as of November
      23, 1999 (the "Credit Agreement"), among North American Van Lines, Inc.
      ("NAVL"), the Foreign Subsidiary Borrowers from time to time party
      thereto, the several banks and financial institutions from time to time
      party thereto, The Bank of New York, as documentation agent, Banc of
      America Securities LLC, as syndication agent, and The Chase Manhattan
      Bank, as administrative agent, as such agreement may be amended from time
      to time, or, if such agreement is no longer in effect and NAVL is party to
      a credit agreement that has replaced or refinanced the Credit Agreement or
      any successor credit agreement, as defined in such other credit agreement
      as shall then be in effect.

            (r) "Exchange Act" shall mean the U.S. Securities Exchange Act of
      1934, as amended.

            (s) "Exercise Date" shall have the meaning set forth in Section 6
      hereof.

            (t) "Exercise Price" shall have the meaning set forth in Section 6
      hereof.

                                       4
<PAGE>

            (u) "Exercise Shares" shall have the meaning set forth in Section 6
      hereof.

            (v) "Extraordinary Termination" shall mean a termination of the
      Grantee's employment with Worldwide and the Subsidiaries by reason of the
      Grantee's death, Disability or Retirement.

            (w) "Fair Market Value" shall mean, as of any date, the fair market
      value on such date of a share of Common Stock as determined in good faith
      by the Board. In making a determination of Fair Market Value, the Board
      shall give due consideration to such factors as it deems appropriate,
      including, without limitation, the earnings and certain other financial
      and operating information of Worldwide and the Subsidiaries in recent
      periods, the potential value of Worldwide and the Subsidiaries as a whole,
      the future prospects of Worldwide and the Subsidiaries and the industries
      in which they compete, the history and management of Worldwide and the
      Subsidiaries, the general condition of the securities markets, the fair
      market value of securities of companies engaged in businesses similar to
      those of Worldwide and the Subsidiaries and the Applicable Share
      Valuation. The determination of Fair Market Value will not give effect to
      any restrictions on transfer of the shares of Common Stock or the fact
      that such Common Stock would represent a minority interest in Worldwide.
      Notwithstanding the foregoing, following a Public Offering, Fair Market
      Value shall mean the average of the high and low trading prices for a
      share of Common Stock on the primary national exchange (including NASDAQ)
      on which the Common Stock is then traded on the trading day immediately
      preceding the date as of which such Fair Market Value is determined.

            (x) "Financing Agreements" shall have the meaning set forth in
      Section 10(a) hereof.

            (y) "First Purchase Period" shall have the meaning set forth in
      Section 5(c)(i) hereof.

            (z) "Fiscal Year" shall mean a fiscal year of Worldwide ending
      December 31.

            (aa) "Grant Date" shall mean the date hereof, which is the date on
      which the Options are granted to the Grantee.

            (bb) "Grantee" shall have the meaning set forth in the introductory
      paragraph hereto.

                                       5
<PAGE>

            (cc) "Management Stock Subscription Agreement" shall mean the
      management stock subscription agreement, substantially in the form of the
      draft thereof attached as an exhibit to the Plan or such other form as the
      Grantee and Worldwide may agree, to be entered into by Worldwide and the
      Grantee in connection with the Grantee's exercise of any of the Options
      and purchase of the Shares subject to any such Options pursuant to Section
      6 hereof.

            (dd) "Measurement Period" shall mean, as of any date of
      determination, the period commencing on the first day of the first Fiscal
      Year included in the Business Plan and, subject to Section 9(b), ending on
      the last day of the Fiscal Year ending coincident with or immediately
      prior to such date of determination.

            (ee) "New Employer" shall mean the Grantee's employer, or the parent
      or a subsidiary of such employer, immediately following a Change in
      Control.

            (ff) "Normal Termination Date" shall mean the tenth anniversary of
      the date hereof.

            (gg) "Option" shall mean the right granted to the Grantee hereunder
      to purchase one share of Common Stock for a purchase price equal to the
      Option Price and otherwise subject to the terms and conditions of this
      Agreement. The term "Options" shall mean, collectively, the Performance
      Options and the Service Options granted to the Grantee hereby.

            (hh) "Option Price" shall mean, with respect to each Share covered
      by an Option, the exercise price at which the Grantee may purchase such
      Share specified in Section 2(b) hereof.

            (ii) "Performance Options" shall mean those Options that are subject
      to the provisions of Section 3(b) hereof providing for the vesting of such
      Options on the basis of the financial performance of Worldwide and the
      Subsidiaries and the continued employment of the Grantee. Performance
      Options have been granted to the Grantee pursuant to this Agreement with
      respect to the number of Shares specified on the signature page hereof
      under the heading "Performance Options."

            (jj) "Plan" shall have the meaning set forth in the recitals hereto.

            (kk) "Public Offering" shall mean the first day as of which sales of
      Common Stock are made to the public in the United States pursuant to an
      underwritten public offering of the Common Stock led by one or more
      underwriters at least one of which is an underwriter of nationally
      recognized standing.

                                       6
<PAGE>

            (ll) "Purchase Price" shall have the meaning set forth in Section
      5(f).

            (mm) "Registration and Participation Agreement" shall have the
      meaning set forth in Section 7(f) hereof.

            (nn) "Retirement" shall mean the Grantee's retirement from
      employment with Worldwide and the Subsidiaries at or after age 65.

            (oo) "Rule 144" shall mean Rule 144 promulgated under the Securities
      Act.

            (pp) "Second Purchase Period" shall have the meaning set forth in
      Section 5(c)(i) hereof.

            (qq) "Securities Act" shall mean the U.S. Securities Act of 1933, as
      amended.

            (rr) "Service Options" shall mean those Options that are subject to
      the provisions of Section 3(a) hereof providing for the vesting of such
      Options on the basis of the Grantee's completion of service. Service
      Options have been granted to the Grantee pursuant to this Agreement with
      respect to the number of Shares specified on the signature page hereof
      under the heading "Service Options."

            (ss) "Shares" shall have the meaning specified in the preambles
      hereto.

            (tt) "Subsidiary" shall mean any corporation or other person, a
      majority of whose outstanding voting securities or other equity interests
      are owned, directly or indirectly, by Worldwide.

            2. Grant of Options.

            (a) Confirmation of Grant. Worldwide hereby evidences and confirms
its grant to the Grantee, effective as of the date hereof, of (i) Service
Options to purchase the number of Shares specified on the signature page hereof
under the heading "Service Options" and (ii) Performance Options to purchase the
number of Shares specified on the signature page hereof under the heading
"Performance Options". The Options are not intended to be incentive stock
options under the U.S. Internal Revenue Code of 1986, as amended. This Agreement
is subordinate to, and the terms and conditions of the Options granted hereunder
are subject to, the terms and conditions of the Plan. If there is any
inconsistency between the terms hereof and the terms of the Plan, the terms of
the Plan shall govern.

                                       7
<PAGE>

            (b) Option Price. Each Share covered by an Option shall have an
Option Price of $142.

            3. Exercisability.

            (a) Service Options. Except as otherwise provided in Section 9(a) of
this Agreement and subject to the continuous employment of the Grantee with
Worldwide or one or more of the Subsidiaries until the applicable vesting date,
the Service Options shall become vested in five equal annual installments, on
each of the first five anniversaries of the Grant Date.

            (b) Performance Options. Except as otherwise provided in Section
9(b) of this Agreement and subject to the continuous employment of the Grantee
with Worldwide or one or more of the Subsidiaries until the applicable vesting
date, the Performance Options shall become vested as follows:

            (i) 100% of the Performance Options shall become vested as of the
      first day of the Fiscal Year immediately following the Fiscal Year, if
      any, that the actual aggregate EBITDA achieved by Worldwide and the
      Subsidiaries during the Measurement Period equals or exceeds the
      Cumulative EBITDA Target;

            (ii) the number of Performance Options equal to the product of (x)
      the Applicable Percentage multiplied by (y) the total number of
      Performance Options granted hereunder shall become vested on the last day
      of each of the first five Fiscal Years after the Grant Date, such
      Applicable Percentage to be determined as of the last day of such Fiscal
      Year, provided in each such case that Worldwide and the Subsidiaries have
      achieved at least 75% of the Annual EBITDA Target for such Fiscal Year;
      and

            (iii) any Performance Options that do not become vested in
      accordance with either of the preceding clauses (i) or (ii) shall become
      vested on the ninth anniversary of the Grant Date.

The Board shall determine in good faith whether and the extent to which
Worldwide and the Subsidiaries have achieved the Annual EBITDA Targets and the
Cumulative EBITDA Target and the determination of the Board shall be conclusive.

            (c) Conditions. The Board, in its sole discretion, may accelerate
the vesting or exercisability of any Option, all Options or any class of
Options, at any time and from time to time. Shares covered by vested Options
may, subject to the provisions hereof, be purchased at any time and from time to
time on or after the date the corresponding Options become vested in accordance
with the provisions of this Section 3

                                       8
<PAGE>

until the date one day prior to the date on which such Options terminate,
provided that any such purchase shall be effected pursuant to and subject to
Sections 5 and 6 hereof and the provisions contained in the Management Stock
Subscription Agreement related to the purchase of such Shares.

            4. Termination of Options.

            (a) Normal Termination Date. Subject to Sections 4(b) and 9, the
Options shall terminate and be canceled on the Normal Termination Date.

            (b) Early Termination. If the Grantee's employment with Worldwide or
any Subsidiary is voluntarily or involuntarily terminated for any reason prior
to the Normal Termination Date, any Options held by the Grantee that have not
become vested on or before the effective date of such termination of employment
shall terminate and be canceled immediately upon such termination of employment.
Subject to the provisions of Sections 5(c) and 9, all Options held by the
Grantee on the effective date of such termination of employment that shall have
become vested on or before such effective date (such Options, the Covered
Options") shall remain exercisable for whichever of the following periods is
applicable, and if not exercised within such period, shall automatically
terminate and be canceled upon the expiration of such period: (i) if the
Grantee's employment is terminated by reason of an Extraordinary Termination,
the Covered Options shall remain exercisable solely until the first to occur
of (A) the six month anniversary of the effective date of the Grantee's
termination of employment or (B) the Normal Termination Date and (ii) if the
Grantee's employment is terminated for any reason other than (x) an
Extraordinary Termination or (y) for Cause, the Covered Options shall remain
exercisable solely until the first to occur of (x) the 60th day following the
earliest to occur of (1) the expiration of the Second Purchase Period, and (2)
the receipt by the Grantee of written notice that the CD&R Fund does not intend
to exercise its right to purchase the Covered Options pursuant to Section
5(c)(i) and (y) the Normal Termination Date. Notwithstanding anything else
contained in this Agreement, if the Grantee's employment with Worldwide or any
Subsidiary is terminated for Cause, all Options (whether or not then vested or
exercisable) shall automatically terminate and be canceled immediately upon such
termination. Nothing in this Agreement shall be deemed to confer on the Grantee
any right to continue in the employ of Worldwide or any Subsidiary, or to
interfere with or limit in any way the right of Worldwide or any Subsidiary to
terminate such employment at any time.

                                       9
<PAGE>

            5. Restrictions on Exercise; Non-Transferability of Options;
Repurchase of Options.

            (a) Restrictions on Exercise. Once vested in accordance with the
provisions of this Agreement, the Options may be exercised only with respect to
full shares of Common Stock. No fractional shares of Common Stock shall be
issued. Notwithstanding any other provision of this Agreement, the Options may
not be exercised in whole or in part, and no certificates representing Shares
shall be delivered, (i) (A) unless all requisite approvals and consents of any
governmental authority of any kind having jurisdiction over the exercise of the
Options shall have been secured, (B) unless the purchase of the Shares upon the
exercise of the Options shall be exempt from registration under applicable U.S.
federal and state securities laws, and applicable non-U.S. securities laws, or
the Shares shall have been registered under such laws, and (C) unless all
applicable U.S. federal, state and local and non-U.S. tax withholding
requirements shall have been satisfied or (ii) if such exercise would result in
a violation of the terms or provisions of or a default or an event of default
under, any of the Financing Agreements. Worldwide shall use commercially
reasonable efforts to obtain the consents and approvals referred to in clause
(i)(A) of the preceding sentence and to obtain the consent of the parties to the
Financing Agreements referred to in clause (ii) of the preceding sentence so as
to permit the Options to be exercised.

            (b) Non-Transferability of Options. Except as contemplated by
Section 5(c), the Options may be exercised only by the Grantee or, following his
death, by the Grantee's estate. Except as contemplated by Section 5(c), the
Option is not assignable or transferable, in whole or in part, and it may not,
directly or indirectly, be offered, transferred, sold, pledged, assigned,
alienated, hypothecated or otherwise disposed of or encumbered (including
without limitation by gift, operation of law or otherwise) other than by will or
by the laws of descent and distribution to the estate of the Grantee upon the
Grantee's death, provided that the deceased Grantee's beneficiary or the
representative of the Grantee's estate shall acknowledge and agree in writing,
in a form reasonably acceptable to Worldwide, to be bound by the provisions of
this Agreement and the Plan as if such beneficiary or the estate were the
Grantee.

            (c) Purchase of Options on Termination of Employment.

            (i) Termination of Employment. If the Grantee's employment with
      Worldwide or any Subsidiary that employs the Grantee is terminated for any
      reason other than for Cause, Worldwide shall have an option to purchase
      all or any portion of the Covered Options and shall have 30 days from the
      effective date of the Grantee's termination of employment (such 30-day
      period being hereinafter referred to as the "First Purchase Period")
      during which to give notice in writing

                                       10
<PAGE>

      to the Grantee (or, if the Grantee's employment was terminated by the
      Grantee's death, the Grantee's estate) of its election to exercise or not
      to exercise such right to purchase the Covered Options. Worldwide hereby
      undertakes to use reasonable efforts to act as promptly as practicable
      following such termination to make such election. If Worldwide (i) fails
      to give notice that it intends to exercise its right to purchase the
      Covered Options within the First Purchase Period or (ii) chooses to
      purchase none or only a portion of the Covered Options, by giving such
      notice, the CD&R Fund shall have the right to purchase all or any portion
      of the Covered Options not purchased by Worldwide, and shall have until
      the expiration of the earlier of (x) 30 days following the end of the
      First Purchase Period or (y) 30 days from the date of receipt by the CD&R
      Fund of written notice from Worldwide as to whether it intends to exercise
      its right to purchase any of the Covered Options (such 30-day period being
      hereinafter referred to as the "Second Purchase Period"), to give notice
      in writing to the Grantee (or the Grantee's estate) of the CD&R Fund's
      exercise of its right to purchase all or any portion of such Covered
      Options. The Grantee (or the Grantee's estate) shall be entitled to retain
      any Covered Options that are not purchased by Worldwide or the CD&R Fund
      pursuant to this Section 5(c), subject to all of the provisions of this
      Agreement (including, without limitation, Section 4(b)).

            (ii) Purchase Price, etc. All purchases pursuant to this Section
      5(c) by Worldwide or the CD&R Fund shall be for a purchase price and
      effected in the manner prescribed by Sections 5(f), (g) and (h).

            (d) Notice of Termination. Worldwide shall give written notice of
any termination of the Grantee's employment to the CD&R Fund, except that if
such termination (if other than as a result of death) is by the Grantee, the
Grantee shall give written notice of such termination to Worldwide and Worldwide
shall give written notice of such termination to the CD&R Fund.

            (e) Public Offering. In the event that a Public Offering has been
consummated, neither Worldwide nor the CD&R Fund shall have any rights to
purchase the Covered Options pursuant to Section 5(c).

            (f) Purchase Price. Subject to Section 10(c) hereof, the purchase
price to be paid to the Grantee (or the Grantee's estate) for the Covered
Options purchased pursuant to Section 5(c) (the "Purchase Price") shall be equal
to the excess, if any, of (i) the aggregate Fair Market Value, as of the
Determination Date, of the Shares then covered by those Covered Options being
purchased over (ii) the aggregate Option Price for such Shares.

                                       11
<PAGE>

            (g) Closing of Purchase; Payment of Purchase Price. Subject to
Section 10, the closing of a purchase of any Covered Options pursuant to this
Section 5 shall take place at the principal office of Worldwide on the tenth
business day following the receipt by the Grantee (or his estate) of Worldwide's
or the CD&R Fund's, as the case may be, notice of exercise of its right to
purchase any such Covered Options pursuant to Section 5(c). At the closing, (i)
subject to the proviso below, Worldwide or the CD&R Fund, as the case may be,
shall pay the Purchase Price to the Grantee (or his estate) for the Covered
Options being purchased by delivery of a check for such Purchase Price payable
to the order of the Grantee (or his estate) and (ii) the Grantee (or his estate)
shall deliver to Worldwide such instruments as Worldwide may reasonably request,
signed by the Grantee (or his estate), free and clear of all security interests,
liens, claims, encumbrances, charges, options, restrictions on transfer, proxies
and voting and other agreements of whatever nature; provided, however, that if
the Determination Date occurs during the first or last fiscal quarter of any
Fiscal Year, Worldwide or the CD&R Fund, as the case may be, may defer the
payment of a portion of the Purchase Price for the Covered Options being
purchased until the tenth business day following receipt by Worldwide of the
Applicable Share Valuation (such tenth business day, the "Deferred Payment
Date"). In the event of any such deferral, (i) at the closing of the purchase of
the Covered Options, Worldwide or the CD&R Fund, as the case may be, shall pay
to the Grantee (or his estate) an amount (the "First Installment Amount") equal
to 80% of the excess of (A) the aggregate Fair Market Value of the Shares then
covered by the Covered Options being purchased, determined on the basis of the
most recent available annual valuation of the Shares, over (B) the aggregate
Option Price for such Shares, and (ii) no later than the Deferred Payment Date,
Worldwide or the CD&R Fund, as the case may be, shall pay an additional amount
to the Grantee (or his estate) equal to the excess, if any, of (A) the sum of
(1) the Purchase Price for the Covered Options being purchased and (2) an amount
calculated by multiplying the First Installment Amount by a percentage equal to
the average annual cost to Worldwide and the Subsidiaries of their bank
indebtedness obligations outstanding during the period that payment of a portion
of the Purchase Price is delayed hereunder or, if there are no such obligations
outstanding, one percentage point greater than the average annual prime rate
charged during such period by Chase Bank or such other nationally recognized
bank designated by Worldwide, over (B) the First Installment Amount.

            (h) Application of the Purchase Price to Certain Loans. The Grantee
agrees that Worldwide and the CD&R Fund shall be entitled to apply any amounts
to be paid by Worldwide or the CD&R Fund, as the case may be, to purchase the
Covered Options pursuant to this Section 5 to discharge any indebtedness of the
Grantee to Worldwide or any Subsidiary, or indebtedness that is guaranteed by
Worldwide or any Subsidiary, which indebtedness was incurred by the Grantee in
connection with his purchase of any shares of Common Stock.

                                       12
<PAGE>

            (i) Withholding. Whenever Shares are to be issued pursuant to the
Options, Worldwide may require the recipient of the Shares to remit to Worldwide
an amount in cash sufficient to satisfy any applicable U.S. federal, state and
local and non- U.S. tax withholding requirements as a condition to the issuance
of such Shares. In the event any cash is paid to the Grantee or the Grantee's
estate or beneficiary pursuant to this Section 5 or Section 9, Worldwide shall
have the right to withhold an amount from such payment sufficient to satisfy any
applicable U.S. federal, state and local and non-U.S. tax withholding
requirements. If shares of Common Stock are traded on a national securities
exchange or bid and ask prices for shares of Common Stock are quoted on the
NASDAQ, Worldwide may, if requested by the Grantee, withhold Shares to satisfy
the minimum applicable withholding requirements, subject to the provisions of
the Plan and any rules adopted by the Board regarding compliance with applicable
law, including, but not limited to, Section 16(b) of the Exchange Act.

            6. Manner of Exercise. To the extent that any outstanding Options
shall have become and remain vested and exercisable as provided in Sections 3
and 4 and subject to such reasonable administrative regulations as the Board may
have adopted, such Options may be exercised, in whole or in part, by notice to
the Secretary of Worldwide in writing given at least 15 business days prior to
the date as of which the Grantee will so exercise the Options (the "Exercise
Date"), specifying the number of whole Shares with respect to which the Options
are being exercised (the "Exercise Shares") and the aggregate Option Price for
such Exercise Shares, provided that if shares of Common Stock are traded on a
U.S. national securities exchange or bid and ask prices for shares of Common
Stock are quoted over NASDAQ, notice may be given five business days before the
Exercise Date. On or before the Exercise Date, the Company and the Grantee shall
enter into a Management Stock Subscription Agreement which shall contain (unless
a Public Offering shall have occurred prior to the Exercise Date) provisions
corresponding to Section 5(c) hereof. In accordance with the Management Stock
Subscription Agreement, (a) on or before the Exercise Date, the Grantee shall
deliver to Worldwide full payment for the Exercise Shares in United States
dollars in cash, or cash equivalents satisfactory to Worldwide, and in an amount
equal to the product of the number of Exercise Shares, multiplied by the Option
Price (such product, the "Exercise Price") and (b) Worldwide shall deliver to
the Grantee a certificate or certificates representing the Exercise Shares,
registered in the name of the Grantee and bearing appropriate legends as
provided in Section 7(b) hereof. If, as of the Exercise Date, shares of Common
Stock are traded on a U.S. national securities exchange or bid and ask prices
for shares of Common Stock are quoted over NASDAQ, the Grantee may, in lieu of
tendering cash, tender shares of Common Stock that have been owned by the
Grantee for at least six months, having an aggregate Fair Market Value on the
Exercise Date equal to the Exercise Price or may deliver a combination of cash
and such shares of Common Stock having an aggregate Fair Market Value equal to
the difference between the Exercise Price and the amount of such cash as payment
of the Exercise Price, subject

                                       13
<PAGE>

to such rules and regulations as may be adopted by the Board to provide for the
compliance of such payment procedure with applicable law, including Section
16(b) of the Exchange Act. Worldwide may require the Grantee to furnish or
execute such other documents as Worldwide shall reasonably deem necessary (i) to
evidence such exercise, (ii) to determine whether registration is then required
under the Securities Act and (iii) to comply with or satisfy the requirements of
the Securities Act, applicable state or non-U.S. securities laws or any other
law.

            7. Grantee's Representations, Warranties and Covenants.

            (a) Investment Intention. The Grantee represents and warrants that
the Options have been, and any Exercise Shares will be, acquired by the Grantee
solely for the Grantee's own account for investment and not with a view to or
for sale in connection with any distribution thereof. The Grantee agrees that
the Grantee will not, directly or indirectly, offer, transfer, sell, pledge,
hypothecate or otherwise dispose of all or any of the Options or any of the
Exercise Shares (or solicit any offers to buy, purchase or otherwise acquire or
take a pledge of all or any of the Options or any of the Exercise Shares),
except in compliance with the Securities Act and the rules and regulations of
the Commission thereunder, and in compliance with applicable state securities or
"blue sky" laws and non-U.S. securities laws. The Grantee further understands,
acknowledges and agrees that none of the Exercise Shares may be transferred,
sold, pledged, hypothecated or otherwise disposed of unless the provisions of
the related Management Stock Subscription Agreement shall have been complied
with or have expired.

            (b) Legends. The Grantee acknowledges that any certificate
representing the Exercise Shares shall bear an appropriate legend, which will
include, without limitation, the following language:

            "THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE
            PROVISIONS OF A MANAGEMENT STOCK SUBSCRIPTION AGREEMENT, DATED AS OF
            DECEMBER 22, 1999 AND NEITHER THIS CERTIFICATE NOR THE SHARES
            REPRESENTED BY IT ARE ASSIGNABLE OR OTHERWISE TRANSFERABLE EXCEPT IN
            ACCORDANCE WITH THE PROVISIONS OF SUCH MANAGEMENT STOCK SUBSCRIPTION
            AGREEMENT, AS THE SAME MAY BE AMENDED FROM TIME TO TIME A COPY OF
            THE CURRENT FORM OF WHICH IS ON FILE WITH THE SECRETARY OF
            WORLDWIDE. THE SHARES REPRESENTED BY THIS CERTIFICATE ARE ENTITLED
            TO CERTAIN OF

                                       14
<PAGE>

            THE BENEFITS OF AND ARE BOUND BY CERTAIN OF THE OBLIGATIONS SET
            FORTH IN A REGISTRATION AND PARTICIPATION AGREEMENT, DATED AS OF
            MARCH 30, 1998, AS AMENDED, AMONG WORLDWIDE AND CERTAIN STOCKHOLDERS
            OF WORLDWIDE, AS THE SAME MAY BE AMENDED FROM TIME TO TIME, A COPY
            OF THE CURRENT FORM OF WHICH IS ON FILE WITH THE SECRETARY OF
            WORLDWIDE."

            "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
            PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
            ACT OF 1933, AS AMENDED, OR QUALIFIED UNDER ANY STATE OR NON-U.S.
            SECURITIES LAWS AND MAY NOT BE TRANSFERRED, SOLD, PLEDGED,
            HYPOTHECATED OR OTHERWISE DISPOSED OF UNLESS (i) (A) SUCH
            DISPOSITION IS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
            THE SECURITIES ACT OF 1933, AS AMENDED, (B) THE HOLDER HEREOF SHALL
            HAVE DELIVERED TO WORLDWIDE AN OPINION OF COUNSEL, WHICH OPINION AND
            COUNSEL SHALL BE REASONABLY SATISFACTORY TO WORLDWIDE, TO THE EFFECT
            THAT SUCH DISPOSITION IS EXEMPT FROM THE PROVISIONS OF SECTION 5 OF
            SUCH ACT OR (C) A NO-ACTION LETTER FROM THE SECURITIES AND EXCHANGE
            COMMISSION, REASONABLY SATISFACTORY TO COUNSEL FOR WORLDWIDE, SHALL
            HAVE BEEN OBTAINED WITH RESPECT TO SUCH DISPOSITION AND (ii) SUCH
            DISPOSITION IS PURSUANT TO REGISTRATION UNDER ANY APPLICABLE STATE
            AND NON-U.S. SECURITIES LAWS OR AN EXEMPTION THEREFROM."

            [FOR UNITED KINGDOM RESIDENTS ONLY:

            "THE SHARES OF OUR COMMON STOCK ARE NOT LISTED, QUOTED OR DEALT IN
            ON ANY STOCK EXCHANGE AND NO APPLICATION HAS BEEN MADE TO ANY STOCK
            EXCHANGE FOR LISTING OR FOR QUOTATION OF, OR FOR PERMISSION TO DEAL
            IN, ANY SUCH SHARES."]

            [FOR SINGAPORE RESIDENTS ONLY:

            "NEITHER THE SHARES NOR THE SHARES THAT MAY BE PURCHASED ON THE
            EXERCISE OF THE OPTIONS MAY BE

                                       15
<PAGE>

            OFFERED OR SOLD, NOR MAY ANY DOCUMENT OR OTHER MATERIAL IN
            CONNECTION WITH THE SHARES OR SHARES THAT MAY BE PURCHASED ON THE
            EXERCISE OF THE OPTIONS BE DISTRIBUTED, DIRECTLY OR INDIRECTLY, (I)
            TO PERSONS IN SINGAPORE OTHER THAN IN CIRCUMSTANCES IN WHICH SUCH
            OFFER OR SALE DOES NOT CONSTITUTE AN OFFER OR SALE OF THE SHARES OR
            SHARES THAT MAY BE PURCHASED ON THE EXERCISE OF OPTIONS TO THE
            PUBLIC IN SINGAPORE OR (II) TO THE PUBLIC OR ANY MEMBER OF THE
            PUBLIC IN SINGAPORE OTHER THAN PURSUANT TO, AND IN ACCORDANCE WITH
            THE CONDITIONS OF, AN EXEMPTION INVOKED UNDER DIVISION 5A OR PART IV
            OF THE COMPANIES ACT, CHAPTER 50 OF SINGAPORE AND TO PERSONS TO WHOM
            THE SHARES OR SHARES THAT MAY BE PURCHASED ON THE EXERCISE OF THE
            OPTIONS MAY BE OFFERED OR SOLD UNDER SUCH EXCEPTION."]

            (c) Securities Law Matters. The Grantee acknowledges receipt of
advice from Worldwide that (i) the Exercise Shares have not been registered
under the Securities Act or qualified under any state securities or "blue sky"
or non-U.S. securities laws, (ii) it is not anticipated that there will be any
public market for the Exercise Shares, (iii) the Exercise Shares must be held
indefinitely and the Grantee must continue to bear the economic risk of the
investment in the Exercise Shares unless the Exercise Shares are subsequently
registered under the Securities Act and such state laws or an exemption from
registration is available, (iv) Rule 144 is not presently available with respect
to sales of securities of Worldwide and Worldwide has made no covenant to the
Grantee to make Rule 144 available, (v) when and if the Exercise Shares may be
disposed of without registration in reliance upon Rule 144, such disposition can
be made only in limited amounts in accordance with the terms and conditions of
such Rule, (vi) Worldwide does not plan to file reports with the Commission or
make public information concerning Worldwide available unless required to do so
by law or the terms of its Financing Agreements (as hereinafter defined), (vii)
if the exemption afforded by Rule 144 is not available, sales of the Exercise
Shares may be difficult to effect because of the absence of public information
concerning Worldwide, (viii) a restrictive legend in the form heretofore set
forth shall be placed on the certificates representing the Exercise Shares and
(ix) a notation shall be made in the appropriate records of Worldwide indicating
that the Exercise Shares are subject to restrictions on transfer set forth in
this Agreement and, if Worldwide should in the future engage the services of a
stock transfer agent, appropriate stop-transfer restrictions will be issued to
such transfer agent with respect to the Exercise Shares.

                                       16
<PAGE>

            (d) Compliance with Rule 144. If any of the Exercise Shares are to
be disposed of in accordance with Rule 144, the Grantee shall transmit to
Worldwide an executed copy of Form 144 (if required by Rule 144) no later than
the time such form is required to be transmitted to the Commission for filing
and such other documentation as Worldwide may reasonably require to assure
compliance with Rule 144 in connection with such disposition.

            (e) Ability to Bear Risk. The Grantee covenants that the Grantee
will not exercise all or any of the Options unless (i) the financial situation
of the Grantee is such that the Grantee can afford to bear the economic risk of
holding the Exercise Shares for an indefinite period and (ii) the Grantee can
afford to suffer the complete loss of the Grantee's investment in the Exercise
Shares.

            (f) Registration; Restrictions on Sale upon Public Offering. The
Grantee acknowledges and agrees that in respect of any Exercise Shares purchased
upon exercise of all or any of the Options, the Grantee shall be entitled to the
rights and subject to the obligations created under the Registration and
Participation Agreement, dated as of March 30, 1998, among Worldwide and certain
stockholders of Worldwide, as the same may be amended, modified or supplemented
from time to time (the "Registration and Participation Agreement"), to the
extent set forth therein. The Grantee agrees that, in the event that Worldwide
files a registration statement under the Securities Act with respect to an
underwritten public offering of any shares of its capital stock, the Grantee
will not effect any public sale or distribution of any shares of the Common
Stock (other than as part of such public offering), including but not limited
to, pursuant to Rule 144 or Rule 144A under the Securities Act, during the 20
days prior to and the 180 days after the effective date of such registration
statement. The Grantee further understands and acknowledges that any sale,
transfer or other disposition of the Exercise Shares by him following a public
offering will be subject to compliance with, and may be limited under, the
federal securities laws and/or state "blue sky" and/or non-U.S. securities laws.

            (g) Section 83(b) Election. The Grantee agrees that, within 20 days
of any Exercise Date that occurs prior to a Public Offering, the Grantee shall
give notice to Worldwide in the event the Grantee has made or intends to make an
election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as
amended, with respect to the Exercise Shares purchased on such date, and
acknowledges that the Grantee will be solely responsible for any and all tax
liabilities payable by the Grantee in connection with the Grantee's exercise of
any Options or receipt of any Exercise Shares or attributable to the Grantee's
making or failing to make such an election.

            8. Representations and Warranties of Worldwide. Worldwide represents
and warrants to the Grantee that (a) Worldwide has been duly incorporated and is
an existing corporation in good standing under the laws of the State of
Delaware,

                                       17
<PAGE>

(b) this Agreement has been duly authorized, executed and delivered by Worldwide
and constitutes a valid and legally binding obligation of Worldwide enforceable
against Worldwide in accordance with its terms and (c) the Exercise Shares, when
issued, delivered and paid for, upon exercise of the Options in accordance with
the terms hereof and the Management Stock Subscription Agreement, will be duly
authorized, validly issued, fully paid and nonassessable, and free and clear of
any liens or encumbrances other than those created pursuant to this Agreement,
the Management Stock Subscription Agreement or otherwise in connection with the
transactions contemplated hereby.

            9. Change in Control.

            (a) Service Options and Vested Performance Options. Subject to
Section 9(d), in the event of a Change in Control, all of the Included Options
(as defined in Section 9(b) below) shall be canceled in exchange for a payment
in accordance with Section 9(c) of an amount equal to the excess, if any, of (i)
the product of the Change in Control Price multiplied by the aggregate number of
Shares covered by all such Included Options immediately prior to the Change in
Control, (ii) over the aggregate Option Price for all such Shares. Performance
Options that are not Included Options, if any, shall automatically terminate and
be canceled upon the consummation of the transaction constituting the Change in
Control.

            (b) Definition of Included Options. The term "Included Options"
shall mean, collectively, (i) each Service Option outstanding immediately prior
to the consummation of the transaction constituting the Change in Control
(regardless of whether such Service Option is at such time otherwise vested or
exercisable), (ii) each Performance Option outstanding immediately prior to the
consummation of the transaction constituting the Change in Control that shall
have become vested in accordance with Section 3(b) hereof prior to such time, if
any, and (iii) if any Performance Options have not become vested in accordance
with Section 3(b) prior to the date of the consummation of the transaction
constituting the Change in Control, the number of Performance Options equal to
the product of (x) the Applicable Percentage multiplied by (y) the total number
of Performance Options granted hereunder, such Applicable Percentage to be
determined as of the last day of the fiscal quarter of Worldwide ending
immediately prior to such date.

            (c) Timing of Option Cancelation Payments; Discretionary
Acceleration. Notwithstanding the provisions of the preceding paragraphs (a) and
(b), the Board (as constituted immediately prior to the consummation of the
transaction constituting the Change in Control) may determine, in its
discretion, to accelerate the exercisability or cause the cancellation and
payment of an amount calculated as provided in Section 9(a) in respect of all or
any additional portion of the Performance Options.

                                       18
<PAGE>

            Payment of the amount calculated in accordance with Section 9(a)
shall be made in cash or, if determined by the Board (as constituted immediately
prior to the Change in Control), in shares of the common stock of the New
Employer having an aggregate fair market value equal to such amount and shall be
payable in full, as soon as reasonably practicable, but in no event later than
30 days, following the Change in Control. For purposes hereof, the fair market
value of a share of common stock of the New Employer shall be determined by the
Board (as constituted immediately prior to the consummation of the transaction
constituting the Change in Control), in good faith, on the basis of the factors
described in the definition of the term "fair market value" contained in Section
1(y), other than an Applicable Share Valuation, as applied to the business,
operations and financial results of the New Employer and its subsidiaries and
applicable affiliates.

            (d) Alternative Options. Notwithstanding Sections 9(a), 9(b) and
9(c), no cancellation, termination, acceleration of exercisability or vesting or
settlement or other payment shall occur with respect to any Option, including
any Included Option, if the Board (as constituted immediately prior to the
consummation of the transaction constituting the Change in Control) reasonably
determines, in good faith, prior to the Change in Control that the Options shall
be honored or assumed, or new rights substituted therefor (such honored, assumed
or substituted Option being hereinafter referred to as an "Alternative Option")
by the New Employer, provided that any Alternative Options must:

            (i) provide the Grantee with rights and entitlements substantially
            equivalent to or better than the rights and entitlements applicable
            under the terms of the Options immediately prior to the consummation
            of the transaction constituting the Change in Control, including,
            but not limited to, an identical or better exercise and vesting
            schedule and identical or better timing and methods of exercise or
            payment;

            (ii) have substantially equivalent economic value to the Options
            (determined at the time of the Change in Control); and

            (iii) have terms and conditions which provide that in the event that
            the Grantee suffers an Involuntary Termination within two years
            following a Change in Control:

                  (x) any conditions on the Grantee's rights under, or any
                  restrictions on transfer or exercisability applicable to, each
                  such Alternative Option shall be waived or shall lapse, as the
                  case may be; or

                                       19
<PAGE>

                  (y) the Grantee shall have the right to surrender such
                  Alternative Option within 30 days following such termination
                  in exchange for a payment in cash equal to the excess of the
                  fair market value of the common stock subject to the
                  Alternative Option over the price, if any, that the Grantee
                  would be required to pay to exercise such Alternative Option.

            10. Certain Restrictions on Repurchases

            (a) Financing Agreements, etc. Notwithstanding any other provision
of this Agreement, Worldwide shall not be obligated or permitted to pay the
purchase price for any Covered Options that Worldwide may elect to purchase from
the Grantee pursuant to Section 5(c) if (i) the payment of such purchase price
(or the payment of a dividend by a Subsidiary to Worldwide to fund such
repurchase) would result in a violation of the terms or provisions of, or result
in a default or an event of default under, any of (A) the Credit Agreement,
dated as of November 19, 1999 and amended as of November 23, 1999, among NAVL,
the Foreign Subsidiary Borrowers from time to time party thereto, the several
banks and financial institutions from time to time party thereto, The Bank of
New York, as documentation agent, Banc of America Securities LLC, as syndication
agent, and The Chase Manhattan Bank, as administrative agent, (B) the Indenture,
dated November 19, 1999, among NAVL, certain subsidiaries of NAVL, as
guarantors, and State Street Bank and Trust Company, as trustee, or (C) any
other guarantee, financing or security agreement or document entered into (1) by
Worldwide or any Subsidiary that remains outstanding in any part on or after the
date hereof, (2) from time to time in connection with the operations of
Worldwide or the Subsidiaries or (3) to refinance or replace any indebtedness
described in this Section 10(a) (the Credit Agreement, the Indenture and such
other agreements and documents, as each may be amended, modified or supplemented
from time to time, are referred to herein as the "Financing Agreements"), in
each case as the same may be amended, modified or supplemented from time to
time, (ii) the payment of such purchase price would violate any of the terms or
provisions of the Certificate of Incorporation of Worldwide or (iii) Worldwide
has no funds legally available therefor under the General Corporation Law of the
State of Delaware.

            (b) Delay of Purchase. In the event that the payment of the purchase
price for any Covered Options by Worldwide otherwise permitted under Section
5(c) is prevented solely by the terms of Section 10(a), (i) the payment of such
purchase price will be postponed and will be made without the application of
further conditions or impediments (other than as set forth in Section 5 hereof
or in this Section 10) at the first opportunity thereafter when Worldwide has
funds legally available therefor and when the payment of such purchase price
will not result in any default, event of default or violation under any of the
Financing Agreements or in a violation of any term or provision of the

                                       20
<PAGE>

Certificate of Incorporation of Worldwide and (ii) the Grantee's right to
receive payment of such purchase price shall rank against other similar rights
with respect to shares of Common Stock or options in respect thereof according
to priority in time of the effective date of the event giving rise to any such
right, provided that any such right as to which a common date determines
priority shall be of equal priority and shall share pro rata in any purchase
payments made pursuant to clause (i) above.

            (c) Purchase Price Adjustment. In the event that the payment of the
purchase price for any Covered Options purchased from the Grantee is delayed
pursuant to this Section 10, the purchase price for such Covered Options when
the purchase price is eventually paid as contemplated by Section 10(b) shall be
the sum of (a) the Purchase Price of such Covered Options, as determined in
accordance with Section 5(f) at the time that the Purchase Price would have been
paid but for the operation of this Section 10, plus (b) an amount equal to
interest on such Purchase Price for the period from the date on which the
Purchase Price would have been paid but for the operation of this Section 10 to
the date on which such Purchase Price is actually paid (the "Delay Period"), at
an annual rate of interest equal to the average annual cost to Worldwide and the
Subsidiaries of their bank indebtedness obligations outstanding during the
period that payment of a portion of the Purchase Price is delayed hereunder or,
if there are no such obligations outstanding, one percentage point greater than
the average annual prime rate charged during such period by Chase Bank or such
other nationally recognized bank designated by Worldwide.

            11. No Rights as Stockholder. The Grantee shall have no voting or
other rights as a stockholder of Worldwide with respect to any Shares covered by
the Options until the exercise of the Options and the issuance of a certificate
or certificates to the Grantee for such Shares. No adjustment shall be made for
dividends or other rights for which the record date is prior to the issuance of
such certificate or certificates.

            12. Capital Adjustments. The number and price of the Shares covered
by the Options shall be proportionately adjusted to reflect any stock dividend,
stock split or share combination of the Common Stock or any recapitalization of
Worldwide. Subject to any required action by the stockholders of Worldwide and
Section 9 hereof, in any merger, consolidation, reorganization, exchange of
shares, liquidation or dissolution, the Options shall pertain to the securities
and other property, if any, that a holder of the number of shares of Common
Stock covered by the Options would have been entitled to receive in connection
with such event.

                                       21
<PAGE>

            13. Miscellaneous.

            (a) Notices. All notices and other communications required or
permitted to be given under this Agreement shall be in writing and shall be
deemed to have been given if delivered personally or sent by certified or
express mail, return receipt requested, postage prepaid, or by any recognized
international equivalent of such delivery, to Worldwide, the CD&R Fund or the
Grantee, as the case may be, at the following addresses or to such other address
as Worldwide, the CD&R Fund or the Grantee, as the case may be, shall specify by
notice to the others:

            (i)   if to Worldwide, to it at:

                  c/o North American Van Lines, Inc.
                  Law Department
                  5501 U.S. Highway 30 West
                  Fort Wayne, Indiana  46801

                  Attention: General Counsel

            (ii)  if to the Grantee, to the Grantee at the address set forth on
                  the signature page hereof.

            (iii) if to the CD&R Fund, to:

                  Clayton, Dubilier & Rice Fund V Limited Partnership
                  1403 Foulk Road, Suite 106
                  Wilmington, Delaware 19803
                  Attention: Joseph L. Rice, III

All such notices and communications shall be deemed to have been received on the
date of delivery if delivered personally or on the third business day after the
mailing thereof, provided that the party giving such notice or communication
shall have attempted to telephone the party or parties to which notice is being
given during regular business hours on or before the day such notice or
communication is being sent, to advise such party or parties that such notice is
being sent. Copies of any notice or other communication given under this
Agreement shall also be given to:

            Clayton, Dubilier & Rice, Inc.
            375 Park Avenue, 18th Floor
            New York, New York  10152
            Attention: Kevin J. Conway

                                       22
<PAGE>

            and

            Debevoise & Plimpton
            875 Third Avenue
            New York, New York  10022
            Attention: Paul S. Bird, Esq.

The CD&R Fund also shall be given a copy of any notice or other communication
between the Grantee and Worldwide under this Agreement at its address as set
forth above.

            (b) Binding Effect; Benefits. This Agreement shall be binding upon
and inure to the benefit of the parties to this Agreement and their respective
successors and assigns. Except as provided in Section 5, nothing in this
Agreement, express or implied, is intended or shall be construed to give any
person other than the parties to this Agreement or their respective successors
or assigns any legal or equitable right, remedy or claim under or in respect of
any agreement or any provision contained herein.

            (c) Waiver; Amendment.

            (i) Waiver. Any party hereto or beneficiary hereof may by written
      notice to the other parties (A) extend the time for the performance of any
      of the obligations or other actions of the other parties under this
      Agreement, (B) waive compliance with any of the conditions or covenants of
      the other parties contained in this Agreement and (C) waive or modify
      performance of any of the obligations of the other parties under this
      Agreement, provided that any waiver of the provisions of Section 5 must be
      consented to in writing by the CD&R Fund. Except as provided in the
      preceding sentence, no action taken pursuant to this Agreement, including,
      without limitation, any investigation by or on behalf of any party or
      beneficiary, shall be deemed to constitute a waiver by the party or
      beneficiary taking such action of compliance with any representations,
      warranties, covenants or agreements contained herein. The waiver by any
      party hereto or beneficiary hereof of a breach of any provision of this
      Agreement shall not operate or be construed as a waiver of any preceding
      or succeeding breach and no failure by a party or beneficiary to exercise
      any right or privilege hereunder shall be deemed a waiver of such party's
      or beneficiary's rights or privileges hereunder or shall be deemed a
      waiver of such party's or beneficiary's rights to exercise the same at any
      subsequent time or times hereunder.

            (ii) Amendment. This Agreement may not be amended, modified or
      supplemented orally, but only by a written instrument executed by the
      Grantee and Worldwide, and (in the case of any amendment, modification or
      supplement

                                       23
<PAGE>

      that adversely affects the rights of the CD&R Fund hereunder) consented to
      by the CD&R Fund in writing. The parties hereto acknowledge that
      Worldwide's consent to an amendment or modification of this Agreement may
      be subject to the terms and provisions of the Financing Agreements.

            (d) Assignability. Neither this Agreement nor any right, remedy,
obligation or liability arising hereunder or by reason hereof shall be
assignable by Worldwide or the Grantee without the prior written consent of the
other parties and the CD&R Fund. The CD&R Fund may assign from time to time all
or any portion of its rights under Section 5 to one or more persons or other
entities designated by it.

            (e) Applicable Law. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, EXCEPT TO THE
EXTENT THAT THE CORPORATE LAW OF THE STATE OF DELAWARE SPECIFICALLY AND
MANDATORILY APPLIES.

            (f) Section and Other Headings, etc. The section and other headings
contained in this Agreement are for reference purposes only and shall not affect
the meaning or interpretation of this Agreement.

            (g) Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original and all of which
together shall constitute one and the same instrument.

            (h) Delegation by the Board. All of the powers, duties and
responsibilities of the Board specified in this Agreement may, to the full
extent permitted by applicable law, be exercised and performed by any duly
constituted committee thereof to the extent authorized by the Board to exercise
and perform such powers, duties and responsibilities.

                                       24
<PAGE>

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

                                       ALLIED WORLDWIDE, INC.

                                       By:______________________________________
                                          Name:
                                          Title:

                                       THE GRANTEE:

                                       Name

                                       By:______________________________________
                                          as Attorney-in-Fact
                                          Name:

                                       Address of the Grantee:

                                       Address

                               Service Options       Performance Options
                               ---------------       -------------------

Total Number of Shares for          Shares                 Shares
the Purchase of Which
Options have been Granted

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