Document:

EX-10.1

 

Exhibit 10.1

FORM OF RSC HOLDINGS INC. AMENDED AND RESTATED

STOCK INCENTIVE PLAN

Article I

Purpose

     RSC Holdings Inc. has established this stock incentive plan to foster and promote its
long-term financial success. Capitalized terms have the meaning given in Article XVII.

Article II

Powers of the Board

     Section 2.1 Power to Grant Awards. The Board shall select Employees to participate in
the Plan. The Board shall also determine from time to time whether, and the terms under which,
Eligible Directors (or classes or categories of Eligible Directors) may receive Director Share
Awards or other Awards. The Board shall determine the terms of each Award, consistent with the
Plan. Notwithstanding the foregoing, the Compensation Committee of the Board may determine the
specific number of Common Shares to be offered and/or Options to be granted to an individual
Employee or Eligible Director, in each case otherwise consistent with the terms of the Plan.

     Section 2.2 Administration. The Board shall be responsible for the administration of
the Plan. The Board may prescribe, amend and rescind rules and regulations relating to the
administration of the Plan, provide for conditions and assurances it deems necessary or advisable
to protect the interests of the Company and make all other determinations necessary or advisable
for the administration and interpretation of the Plan. Any authority exercised by the Board under
the Plan shall be exercised by the Board in its sole discretion. Determinations, interpretations
or other actions made or taken by the Board under the Plan shall be final, binding and conclusive
for all purposes and upon all persons.

     Section 2.3 Delegation by the Board. All of the powers, duties and responsibilities
of the Board specified in this Plan may 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, and any determination, interpretation or other action taken by such committee
shall have the same effect hereunder as if made or taken by the Board.

 

 

Article III

Shares Subject to Plan

     Section 3.1 Number. The maximum number of shares of Common Shares that may be issued
under the Plan or be subject to Awards may not exceed 197,220.32 shares. The shares of Common
Shares to be delivered under the Plan may consist, in whole or in part, of authorized but unissued
Common Shares that are not reserved for any other purpose.

     Section 3.2 Canceled, Terminated or Forfeited Awards. If any Award or portion thereof
is for any reason forfeited, canceled or otherwise terminated without exercise, the Common Shares
subject to such Award or portion thereof shall again be available for grant under the Plan.

     Section 3.3 Adjustment in Capitalization. The number of Common Shares available for
issuance under the Plan and the number, class, exercise price or other terms of any outstanding
Award shall be adjusted by the Board to reflect any extraordinary dividend, stock dividend, stock
split or share combination or any recapitalization, merger, consolidation, spin-off, exchange of
shares, liquidation or dissolution of the Company or other similar transaction affecting the Common
Shares.

Article IV

Stock Purchase

     Section 4.1 Awards and Administration. The Board may offer and sell Common Shares to
Participants at such time or times as it shall determine, the terms of which shall be set forth in
a Subscription Agreement.

     Section 4.2 Minimum Purchase Price. Unless otherwise determined by the Board, the
purchase price for any Common Shares to be offered and sold pursuant to this Article IV shall not
be less than the Fair Market Value on the date of grant.

     Section 4.3 Payment. Unless otherwise determined by the Board, the purchase price
with respect to any Common Shares offered and sold pursuant to this Article IV shall be paid in
cash or other readily available funds simultaneously with the closing of the purchase of such
Common Shares.

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Article V

Terms of Options

     Section 5.1 Grant of Options. The Board may grant Options to Participants at such
time or times as it shall determine. Options granted pursuant to the Plan will not be “incentive
stock options” as defined in the Code unless otherwise determined by the Board. Each Option
granted to a Participant shall be evidenced by an Option Agreement that shall specify the number of
Common Shares that may be purchased pursuant to such Option, the exercise price at which a Common
Share may be purchased pursuant to such Option, the duration of such Option (not to exceed the
tenth anniversary of the grant date), and such other terms as the Board shall determine.

     Section 5.2 Exercise Price. The exercise price per Common Share to be purchased upon
exercise of an Option shall not be less than the Fair Market Value on the date such Option is
granted.

     Section 5.3 Vesting and Exercise of Options. Options shall become vested or
exercisable in accordance with the vesting schedule or upon the attainment of such performance
criteria as shall be specified by the Board on or before the grant
date unless otherwise determined by the Board. Unless otherwise
determined by the Board or the Compensation Committee on or before the grant date, one fifth of the
Options shall vest and become exercisable on each of the first, second, third, fourth and fifth
anniversaries of the grant date. The Board or the Compensation Committee may accelerate the
vesting or exercisability of any Option, all Options or any class of Options at any time and from
time to time.

     Section 5.4 Payment. The Board shall establish procedures governing the exercise of
Options, which procedures shall generally require that prior written notice of exercise be given
and that the exercise price (together with any required withholding taxes or other similar taxes,
charges or fees) be paid in full in cash, cash equivalents or other readily-available funds at the
time of exercise. Notwithstanding the foregoing, on such terms as the Board may establish from
time to time following a Public Offering (i) the Board may permit a Participant to tender
any Common Shares such Participant has owned for at least six months and one day for all or a
portion of the applicable exercise price or minimum required withholding taxes and (ii) the
Board may authorize the Company to establish a broker-assisted exercise program. In connection
with any Option exercise, the Company may require the Participant to furnish or execute such other
documents as it shall reasonably deem necessary to (a) evidence such exercise, (b)
determine whether registration is then required under the U.S. federal securities laws or similar
non-U.S. laws or (c) comply with or satisfy the requirements of the U.S.

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federal securities laws, applicable state or non-U.S. securities laws or any other law. As a
condition to the exercise of any Option before a Public Offering, a Participant shall enter into a
Subscription Agreement.

     Section 5.5 Termination of Employment. Unless otherwise determined by the Board on or
before the grant date and except as provided in Article XV, if a Participant’s employment with the
Company and its Subsidiaries terminates, such Participant’s Options shall be treated as follows:

     (a) any unvested Options shall terminate effective as of such termination of
employment (determined without regard to any statutory or deemed or express contractual
notice period); provided that if the Employee’s employment with the Company is
terminated in a Special Termination (i.e., by reason of the Employee’s death or
Disability), any unvested time-based Options held by the Employee shall immediately vest as
of the effective date of such Special Termination;

     (b) except in the case of a termination for Cause, vested Options shall remain
exercisable through the earliest of (i) the normal expiration date, (ii) 90
days after the Participant’s termination of employment (determined without regard to any
statutory or deemed or express contractual notice period), (iii) 180 days in the
case of a Special Termination or a Normal Retirement and (iv) any cancellation
pursuant to Section 10.1; and

     (c) in the case of a termination for Cause, any and all Options held by such
Participant (whether or not then vested or exercisable) shall terminate immediately upon
such termination of employment.

Article VI

Stock Appreciation Rights

     Section 6.1 Grant of Stock Appreciation Rights. Stock Appreciation Rights may be
granted to any Participants, all Participants or any class of Participants at such time or times as
shall be determined by the Board. Stock Appreciation Rights may be granted only on a freestanding
basis, and not related to any Option. A grant of a Stock Appreciation Right shall be evidenced by
a written agreement containing such provisions not inconsistent with the Plan as the Board shall
approve.

     Section 6.2 Terms and Conditions of Stock Appreciation Rights. Unless otherwise
determined by the Board at or after the date of grant, the terms and

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conditions (including, without limitation, the exercise period of the Stock Appreciation
Right, the vesting schedule applicable thereto and the impact of any termination of service on the
Participant’s rights with respect to the Stock Appreciation Right) applicable with respect to Stock
Appreciation Rights shall be substantially identical (to the extent possible taking into account
the differences related to the character of the Stock Appreciation Right) to the terms and
conditions that would have been applicable under Article V above were the grant of the Stock
Appreciation Rights a grant of an Option.

     Section 6.3 Payment of Stock Appreciation Right Amount. Upon exercise of a Stock
Appreciation Right, the holder shall be entitled to receive payment, in cash, in Common Shares or
in a combination thereof, as determined by the Board, of an amount determined by multiplying the
excess, if any, of the Fair Market Value of a Common Share at the date of exercise over the Stock
Appreciation Right’s base value or exercise price, by the number of Common Shares with respect to
which the Stock Appreciation Rights are then being exercised.

Article VII

Restricted Stock and Restricted Stock Units

     Section 7.1 Grant of Restricted Stock and Restricted Stock Units. The Board shall
have the power to grant Restricted Stock or Restricted Stock Units to any Participant and to
determine (a) the number of shares of Restricted Stock and the number of Restricted Stock
Units to be granted to each Participant, (b) the Period(s) of Restriction and (c)
the other terms and conditions of such Awards. Each grant of Restricted Stock or Restricted Stock Units shall be
evidenced by a written agreement setting forth the terms of such Award.

     Section 7.2 Certificates for Restricted Stock. Restricted Stock granted
under the Plan may be evidenced in such manner as the Board shall determine.
If certificates representing Restricted Stock are registered in the name of the
Participant, such certificates shall bear an appropriate legend referring to
the terms, conditions, and restrictions applicable to such Restricted Stock,
and the Company shall retain physical possession of the certificate.

     Section 7.3 Vesting of Restricted Stock and Restricted Stock Units. Restricted Stock
or Restricted Stock Units granted pursuant to Section 7.1 shall vest and become nonforfeitable, and
the Period of Restriction with respect to such Restricted Stock or Restricted Stock Units will
lapse, in accordance with the vesting schedule determined by the Board at the time of grant.

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     Section 7.4 Dividend Equivalents.

          (a) Restricted Stock. Unless otherwise determined by the Board at the time of grant,
Participants holding outstanding Restricted Stock shall not be entitled to receive any dividends
or Dividend Equivalents paid with respect to such shares of Restricted Stock.

          (b) Restricted Stock Units. The Board will determine whether and to what extent to
credit to the account of, or to pay currently to, each recipient of a Restricted Stock Unit, any
Dividend Equivalents. To the extent provided by the Board at or after the date of grant, any cash
Dividend Equivalents credited to a Participant’s account shall be deemed to have been invested in
Shares on the record date established for the related dividend and, accordingly, a number of
Restricted Stock Units shall be credited to such Participant’s account equal to the greatest whole
number which may be obtained by dividing (i) the value of such Dividend Equivalents on the
record date by (ii) the Fair Market Value of a Share on such date. Any additional
Restricted Stock Units credited in respect of Dividend Equivalents shall become vested and
nonforfeitable, if at all, on the same terms and conditions as are applicable in respect of the
Restricted Stock Units with respect to which such Dividend Equivalents were payable.

     Section 7.5 Termination of Employment. Unless otherwise determined by the Board at or
after the date of grant and except as provided in Article XV, in the event a Participant’s
employment or service terminates by reason of a Normal Retirement during the Period of Restriction,
a pro rata portion of any Common Shares related to a Restricted Stock or Restricted Stock Unit held
by such Participant shall become nonforfeitable, based upon the percentage of which the numerator
is the portion of the Period of Restriction that expired prior to the Participant’s termination and
the denominator is the number of days in the Period of Restriction. Unless otherwise determined by
the Board at or after the date of grant, in the event a Participant’s employment or service
terminates because of a Special Termination during the Period of Restriction, any Common Shares
related to a Restricted Stock or Restricted Stock Unit held by such Participant shall become
nonforfeitable. Unless otherwise determined by the Board at or after the date of grant, in the
event a Participant’s employment or service terminates for any reason other than a Special
Termination or Normal Retirement during the Period of Restriction, any Restricted Stock or
Restricted Stock Units held by such Participant shall be forfeited and cancelled as of the date of
such termination of employment or service.

     Section 7.6 Settlement of Restricted Stock Units. Unless otherwise determined by the
Board at or after the date of grant and except provided in

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Article XV, when a Period of Restriction with respect to an Award of Restricted Stock Units
lapses and the Restricted Stock Units become vested and nonforfeitable, the Participant shall
receive (i) one Common Share for each such Restricted Stock Unit (including additional
Restricted Stock Units credited in respect of Dividend Equivalents) or (ii) if the Board so
determines, the Board may direct the Company to pay to the Participant the Fair Market Value of
such Common Shares as of such payment date.

Article VIII

Performance Awards

     Section 8.1 Grant of Performance Stock and Performance Units. The Board shall have
the authority to grant Performance Stock or Performance Units to any Participant and to determine
(a) the number of Performance Stock and the number of Performance Units to be granted to
each Participant, (b) the restrictions pursuant to which such Award is subject to
forfeiture by reason of the Performance Criteria established by the Board pursuant to Section 8.2
not being met in whole or in part and (c) the other terms and conditions of such Awards.
Each grant of Performance Stock or Performance Units shall be evidenced by a written agreement
setting forth the terms of such Award.

     Section 8.2 Performance Criteria.

          (a) Within 90 days after each Performance Period begins (or such other date as may be required
or permitted under Section 162(m) of the Code, if applicable), the Board shall establish the
performance objective or objectives for the applicable Performance Period that must be satisfied in
order for an Award to be vested and nonforfeitable (the “Performance Criteria”). Any
performance objectives established by the Board may measure performance on a Company-wide basis or
with respect to one or more business units, divisions or Subsidiaries, and either in absolute
terms, relative to the performance of one or more similarly situated companies, relative to the
performance of an index covering a peer group of companies, or other external measures of the
selected performance criteria. Any performance objective may measure performance on an individual
basis, as appropriate.

          (b) The Performance Criteria related to Performance Stock or Performance Units shall be
achieved upon the determination by the Board that the objective or objectives for the applicable
Performance Period have been attained, in whole or in part. The Board may provide at the time of
grant that in the event the objective or objectives are attained in part, a specified portion
(which may be zero) of the Award will vest and become nonforfeitable and the remaining portion

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shall be forfeited.

     Section 8.3 Dividend Equivalents.

          (a) Performance Stock. Unless otherwise determined by the Board at or after the date
of grant, Participants granted Performance Stock shall not be entitled to receive cash dividends or
Dividend Equivalents.

          (b) Performance Units. The Board will determine whether and to what extent to credit
to the account of, or to pay currently to, each recipient of a Performance Unit, any Dividend
Equivalents. To the extent provided by the Board at or after the date of grant, any cash Dividend
Equivalents with respect to the Performance Units credited to a Participant’s account shall be
deemed to have been invested in Common Shares on the record date established for the related
dividend and, accordingly, a number of Performance Units, as the case may be, shall be credited to
such Participant’s account equal to the greatest whole number which may be obtained by dividing
(i) the value of such Dividend Equivalents on the record date by (ii) the Fair
Market Value of a Share on such date. Any additional Performance Unit credited in respect of
Dividend Equivalents shall become vested and nonforfeitable, if at all, on the same terms and
conditions as are applicable in respect of the Performance Unit with respect to which such Dividend
Equivalents were payable.

     Section 8.4 Termination of Employment. Unless otherwise determined by the Board at or
after the date of grant and except as provided in Article XV, in the event that a Participant’s
employment or service terminates by reason of a Normal Retirement during the Performance Period,
any award of Performance Stock or Performance Units shall become vested and nonforfeitable at the
end of the Performance Period as to that number of such Performance Stock or Performance Units, as
the case may be, that is equal to that percentage, if any, of such Award that would have been
earned had the Participant’s employment or service not so terminated prior to the expiration of the
Performance Period times a fraction, the numerator of which is the number of days employed during
the Performance Period and the denominator of which is the total number of days during the
Performance Period. Unless otherwise determined by the Board at or after the date of grant, in the
event that a Participant’s employment terminates because of a Special Termination during the
Performance Period, any award of Performance Stock or Performance Units shall become vested and
nonforfeitable at the end of the Performance Period as to that number of such Performance Stock or

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Performance Units, as the case may be, that is equal to that percentage, if any, of such Award
that would have been earned had the Participant’s employment or service not so terminated prior to
the expiration of the Performance Period. Unless otherwise determined by the Board at or after the
date of grant, in the event a Participant’s employment terminates for any reason other than a
Special Termination or Normal Retirement during the Performance Period, any Performance Stock or
Performance Units held by such Participant shall be forfeited and cancelled as of the date of such
termination of employment or service.

     Section 8.5 Settlement of Performance Units. Unless otherwise determined by the Board
at or after the date of grant and except provided in Article XV, when the Performance Criteria with
respect to an Award of Performance Units is achieved and the Performance Units become vested and
nonforfeitable, the Participant shall receive (i) one Common Share for each such
Performance Unit (including additional Performance Units credited in respect of Dividend
Equivalents, if any) or (ii) if the Board so determines, the Board may direct the Company
to pay to the Participant the Fair Market Value of such Common Shares as of such payment date.

     Section 8.6 Newly Eligible Participants. Notwithstanding anything in this Article
VIII to the contrary, the Board shall be entitled to make such rules, determinations and
adjustments as it deems appropriate with respect to any Participant who becomes eligible to receive
an Award of Performance Stock, Performance Stock Units or Performance Units after the commencement
of a Performance Period.

Article IX

Deferred Shares

     Section 9.1 Deferred Share Awards. The Board shall have the authority to grant
Deferred Shares to any Participant and to determine (i) the number of Deferred Shares
granted to each Participant, (ii) the date such Deferred Shares shall become vested and
(iii) the date such Deferred Shares will be payable to the Participant. In addition, on
such date or dates as shall be established by the Board and subject to such terms and conditions as
the Board shall determine, a Participant may be permitted to elect to defer receipt of all or a
portion of his annual compensation and/or annual incentive bonus (“Deferred Amount”)
payable by the Company or a Subsidiary and receive in lieu thereof a number of Deferred Shares
equal to the greatest whole number which may be obtained by dividing (i) the Deferred
Amount by (ii) the Fair Market Value of a Share on the date such

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compensation or bonus would otherwise have been payable to the Participant. No Shares will be
issued at the time an award of Deferred Shares is made and the Company shall not be required to set
aside a fund for the payment of any such award. The Company will establish a separate account for
the Participant and will record in such account the number of Deferred Shares awarded to the
Participant. To the extent the Board so determines, a Participant who elects to defer receipt of
his or her compensation or bonus and receive Deferred Shares may also receive that number of
supplemental Deferred Shares (“Supplemental Units”) equal to the greatest whole number
which may be obtained by dividing (i) such percentage of the Deferred Amount as is
determined by the Board by (ii) the Fair Market Value of a Share on the date of grant.
Each grant of Deferred Shares and Supplemental Units shall be evidenced by a written agreement
setting forth the terms of such Award.

     Section 9.2 Vesting of Deferred Shares and Supplemental Units. Unless otherwise
determined by the Board at or after the date of grant, the Deferred Shares together with any
Dividend Equivalents credited with respect thereto, shall be fully vested at all times. The
Supplemental Units together with any Dividend Equivalents credited with respect thereto, will
become vested in accordance with the vesting schedule determined by the Board, subject to the
Participant’s continuous employment with the Company or a Subsidiary through such vesting date.

     Section 9.3 Dividend Equivalents. The Board will determine whether and to what extent
Dividend Equivalents will be credited to the account of, or paid currently to, a recipient of
Deferred Shares or Supplemental Units. To the extent provided by the Board at or after the date of
grant, any cash Dividend Equivalents with respect to the Deferred Shares and Supplemental Units
deemed credited to a Participant’s account shall be deemed to have been invested in Shares on the
record date established for the related dividend and, accordingly, a number of Deferred Shares or
Supplemental Units, as the case may be, shall be credited to such Participant’s account equal to
the greatest whole number which may be obtained by dividing (i) the amount of such Dividend
Equivalent on the record date by (ii) the Fair Market Value of a Common Share on such date.

     Section 9.4 Termination of Employment. Unless otherwise determined by the Board at or
after the date of grant and except as provided in Article XV, in the event that a Participant’s
employment or service terminates by reason of a Special Termination or Normal Retirement during the
vesting period, any Supplemental Units (and related Dividend Equivalents, if any) granted to a
Participant shall become vested and nonforfeitable. Unless otherwise determined by the Board at or
after the date of grant, in the event a Participant’s employment or service

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terminates for any reason other than a Special Termination, Normal Retirement or Cause during
the vesting period, any Supplemental Units (and related Dividend Equivalents, if any) held by such
Participant, to the extent unvested, shall be forfeited and cancelled as of the date of such
termination of employment or service. In the event that a Participant’s employment or service is
terminated for Cause (or, following the date the Participant’s employment terminates, the Board
determines that circumstances exist such that the Participant’s employment could have been
terminated for Cause), any Supplemental Units (and related Dividend Equivalents, if any) granted to
such Participant, whether or not then vested, shall be forfeited and cancelled as of the date of
such termination of employment or service.

     Section 9.5 Settlement of Deferred Shares. Unless otherwise determined by the Board at
or after the date of grant and except as provided in Article XV, a Participant shall receive as of
the date of such Participant’s termination of employment or service (or such other date as may be
elected by the Participant or required by the Board in accordance with the rules and procedures of
the Board) (i) one Common Share for each Deferred Share credited to such Participant’s
account and (ii) subject to Section 9.4, one Common Share for each Supplemental Unit that
shall have become vested. The Board may provide in the Award agreement applicable to any Deferred
Shares or Supplemental Units that, in lieu of issuing Common Shares, the Board may direct the
Company to pay to the Participant the Fair Market Value of such Common Shares as of such payment
date.

     Section 9.6 Further Deferral Elections. A Participant may elect to further defer
receipt of Common Shares issuable in respect of Deferred Shares (or an installment of an Award) for
a specified period or until a specified event, subject in each case to the Board’s approval and to
such terms as are determined by the Board, all in its sole discretion. Subject to any exceptions
adopted by the Board, such election must generally be made at least 12 months prior to the original
settlement date of such Deferred Shares (or any such installment thereof) and such election may not
take effect until the expiration of such 12 month period. A further deferral opportunity does not
have to be made available to all Participants, and different terms and conditions may apply with
respect to the further deferral opportunities made available to different Participants.

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Article X

Change in Control

     Section 10.1 Accelerated Vesting and Payment. Subject to the provisions of
Section 10.2 and the applicable Award Agreement, in the event of a Change in Control, (a)
(i) all Options and Stock Appreciation Rights shall become exercisable, (ii) the
Period of Restriction on all Restricted Stock, Restricted Stock Units and freestanding Deferred
Stock shall lapse immediately prior to such Change of Control, (iii) shares of Common Stock
underlying Awards of Restricted Stock Units and Deferred Stock shall be issued to each Participant
then holding such Award immediately prior to such Change in Control or, at the discretion of the
Board (as constituted immediately prior to the Change in Control), (iv) any Performance
Period in progress at the time of the Change in Control for which Performance Stock or Performance
Units are outstanding shall end effective upon the occurrence of such Change in Control and all
Participants granted such Awards shall be deemed to have earned a pro rata award equal to the
product of (I) such Participant’s target award opportunity with respect to such Award for the
Performance Period in question and (II) the percentage of performance objectives achieved as of the
date on which the Change in Control occurs, and any portion of such Award for which the applicable
pro rated performance objectives have not been achieved shall be forfeited and canceled as of the
date of such Change in Control and (b) in connection with the foregoing the Board (as
constituted immediately prior to the Change in Control) may provide that each such Option, Stock
Appreciation Right, Restricted Stock Unit, Deferred Stock and/or vested Performance Unit shall be
canceled in exchange for an amount equal to the product of (X)(I) in the case of
Options and Stock Appreciation Rights, the excess, if any, of the product of the Change in Control
Price over the exercise price for such Award, and (II) in the case of other such Awards,
the Change in Control Price, multiplied by (Y) the aggregate number of shares of Common Stock
covered by such Award.

     Section 10.2 Alternative Awards. Notwithstanding Section 10.1, no cancellation,
acceleration of exercisability, vesting, cash settlement or other payment shall occur with respect
to any Award or any class of Awards if the Board reasonably determines in good faith prior to the
occurrence of a Change in Control that such Award or Awards shall be honored or assumed, or new
rights substituted therefor (such honored, assumed or substituted award an “Alternative
Award”), by a Participant’s employer (or the parent or a Subsidiary of such employer)
immediately following the Change in Control, provided that any such Alternative Award must:

     1. be based on stock that is traded on an established

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U.S. securities market, or that will be so traded within 60 days of
the Change in Control;

     2. provide such Participant (or each Participant in a class of
Participants) with rights and entitlements substantially equivalent to or
better than the rights, terms and conditions applicable under such Award,
including, but not limited to, an identical or better exercise or vesting
schedule and identical or better timing and methods of payment;

     3. have substantially equivalent economic value to such Award
(determined at the time of the Change in Control); and

     4. have terms and conditions which provide that in the event that the
Participant’s employment or service is involuntarily terminated or
constructively terminated, any conditions on a Participant’s rights under,
or any restrictions on transfer or exercisability applicable to, each such
Alternative Award shall be waived or shall lapse, as the case may be.

     For this purpose, a constructive termination shall mean a termination by a Participant
following (i) a material reduction in the Participant’s base salary or a Participant’s
incentive compensation opportunity, (ii) a material reduction in the Participant’s
responsibilities or (iii) the relocation of the Participant’s principal place of work to a
location that is more than 50 miles from the Participant’s principal place of work immediately
prior to the Change in Control, in each case without the Participant’s written consent.

     Section 10.3 Limitation of Benefits. If, whether as a result of accelerated vesting,
the grant of an Alternative Award or otherwise, a Participant would receive any payment, deemed
payment or other benefit as a result of the operation of Section 10.1 or 10.2 that, together with
any other payment, deemed payment or other benefit a Participant may receive under any other plan,
program, policy or arrangement, would constitute an “excess parachute payment” under section 280G
of the Code, then, notwithstanding anything in this Plan to the contrary, the payments, deemed
payments or other benefits such Participant would otherwise receive under Section 10.1 or 10.2
shall be reduced to the extent necessary to eliminate any such excess parachute payment and such
Participant shall have no further rights or claims with respect thereto. If the preceding sentence
would result in a reduction of the payments, deemed payments or other benefits a

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Participant would otherwise receive in more than an immaterial amount, the Company will submit
such payments or other benefits for approval of the Company’s shareholders in the manner
provided for in section 280G(b)(5) of the Code and the regulations thereunder (if the Company is
eligible to do so), so that such payments would not be treated as “parachute payments” for these
purposes (and therefore would cease to be subject to reduction pursuant to this Section 10.3).

Article XI

Director Share Awards

     The Board may provide for the grant of Director Share Awards to Eligible Directors (or
categories or classes of Eligible Directors) on such terms as the Board shall determine from time
to time, including as part of the retainer or other fees payable to an Eligible Director, or as
part of an arrangement that permits the deferral of payment of such fees, on a mandatory or
elective basis, into the right to receive Common Shares and distributions thereon in the future or
a cash payment measured by reference to the value thereof.

Article XII

Authority to Vary Terms or Establish Local Jurisdiction Plans

     The Board may vary the terms of Awards under the Plan, or establish sub-plans under this Plan
to authorize the grant of awards that have additional or different terms or features from those
otherwise provided for in the Plan, if and to the extent the Board determines necessary or
appropriate to permit the grant of awards that are best suited to further the purposes of the Plan
and to comply with applicable securities laws in a particular jurisdiction or provide terms
appropriately suited for Employees in such jurisdiction in light of the tax laws of such
jurisdiction while being as consistent as otherwise possible with the terms of Awards under the
Plan; provided that this Article XII shall not be deemed to authorize any increase in the
number of Common Shares available for issuance under the Plan set forth in Section 3.1.

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Article XIII

Stockholder Rights

     A Participant shall have no rights as a stockholder with respect to any Common Shares covered
by an Award until he or she shall have become the holder of record of such Common Share(s), and no
adjustments shall be made for dividends in cash or other property or distribution or other rights
in respect to any such Common Shares, except as otherwise specifically provided for in this Plan.

Article XIV

Forfeiture and Recoupment for Financial Reporting Misconduct. 

     If the Company is required to prepare an accounting restatement due to material noncompliance
by the Company with any financial reporting requirement under the securities laws, and if a
Participant knowingly or grossly negligently engaged in the misconduct or knowingly or grossly
negligently failed to prevent the misconduct (as determined by the Board), or if the Participant is
one of the individuals subject to automatic forfeiture under Section 304 of the Sarbanes-Oxley Act
of 2002, then the Participant shall forfeit and disgorge to the Company any Award or portion
thereof that would not have been earned hereunder absent such materially non- complying financial
reporting.

Article XV

Section 409A of the Code

     In connection with a Participant’s termination of employment, the payment, settlement or
exercisability of an Award held by a Participant who the Board reasonably believes is a “specified
employee” (within the meaning of Section 409A of the Code) shall not be made before the first
business day that is six months and one day after the date of such Participant’s termination of
employment (or, if earlier, upon death) if the Board reasonably believes an Award to be subject to
Section 409A(a)(2)(B) of the Code. Notwithstanding anything to the contrary in the Plan, the Board
may in its absolute discretion alter or amend any of the provisions of this Plan if such alteration
or amendment would be required to comply with Section 409A of the Code or any regulations
promulgated thereunder.

15

 

Article XVI

Amendment, Modification, and Termination of the Plan

     The Board may terminate or suspend the Plan at any time, and may amend or modify the Plan from
time to time. No amendment, modification, termination or suspension of the Plan shall in any
manner adversely affect any Award theretofore granted under the Plan without the consent of the
Participant holding such Award or the consent of a majority of Participants holding similar Awards
(such majority to be determined based on the number of shares covered by such Awards). Shareholder
approval of any such amendment, modification, termination or suspension shall be obtained to the
extent mandated by applicable law, or if otherwise deemed appropriate by the Board.

Article XVII

Definitions

     Section 17.1 Definitions. Whenever used herein, the following terms shall have the
respective meanings set forth below:

     “Affiliate” shall mean, with respect to any Person, any other Person directly
or indirectly controlling, controlled by or under common control with such first Person;
provided that a director, member of management or other Employee of the Company or
any of its Subsidiaries shall not be deemed to be an Affiliate of the Investors. For these
purposes, “control” (including the terms “controlled by” and “under common control with”)
means the possession, directly or indirectly, of the power to direct or cause the direction
of the management policies of a Person by reason of ownership of voting securities, by
contract or otherwise.

     “Alternative Award” has the meaning given in Section 10.2.

     “Award” means any Option, Restricted Stock, Restricted Stock Unit, Stock
Appreciation Right, Performance Stock, Performance Unit, Deferred Share, or Supplemental
Unit granted under the Plan or any combination thereof, including Awards combining two or
more types of Awards in a single grant.

     “Award Agreement” means a Subscription Agreement, an Option Agreement or any
other agreement evidencing an Award.

     “Board” means the Board of Directors of the Company.

16

 

     “Cause” means, unless otherwise provided in the Award Agreement, any of the
following: (1) the failure of the Participant to implement or adhere to material policies,
practices, or directives of the Company, including of the Board; (2) conduct of a fraudulent
and/or criminal nature; (3) any action of the Participant outside the scope of his
employment duties that results in material financial harm to the Company, or (4) conduct
that is in violation of any provision of any agreement between the Company or any of its
affiliates and the Participant (including any noncompetition, noninterference,
nonsolicitation or confidentiality agreement). A termination for Cause shall be deemed to
include a determination following a Participant’s termination of employment for any reason
that the circumstances existing prior to such termination for the Company or one of its
Subsidiaries to have terminated such Participants employment for Cause.

     “Change in Control” means the first to occur of the following events after the
Effective Date:

     (i) the acquisition by any person, entity or “group” (as
defined in Section 13(d) of the Securities Exchange Act of 1934,
as amended) of 50% or more of the combined voting power of the
Company’s then outstanding voting securities, other than any such
acquisition by the Company, any of its Subsidiaries, any employee
benefit plan of the Company or any of its Subsidiaries, or by the
Investors, or any Affiliates of any of the foregoing;

     (ii) the merger, consolidation or other similar transaction
involving the Company, as a result of which persons who were
stockholders of the Company immediately prior to such merger,
consolidation, or other similar transaction 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) within any 24-month period, the persons who were
directors of the Company at the beginning of such period (the
“Incumbent Directors”) shall cease to constitute at least
a majority of the Board, provided that any director
elected or nominated for election to

17

 

the Board by a majority of the Incumbent Directors then still in
office shall be deemed to be an Incumbent Director for purposes of
this clause (iii); or

     (iv) the sale, transfer or other disposition of all or
substantially all of the assets of the Company to one or more
persons or entities that are not, immediately prior to such sale,
transfer or other disposition, Affiliates of the Company.

Notwithstanding the foregoing, a Public Offering shall not constitute a Change in Control.

     “Change in Control Price” means the price per Common Share offered in
conjunction with any transaction resulting in a Change in Control. If any part of the
offered price is payable other than in cash, the Change in Control price shall be
determined in good faith by the Board as constituted immediately prior to the Change in
Control.

     “Code” means the United States Internal Revenue Code of 1986, as amended, and
any successor thereto.

     “Common Shares” means the Common Stock, no par value, of the Company.

     “Company” means RSC Holdings Inc., a Delaware corporation, and any successor
thereto.

     “Compensation Committee” means the Compensation Committee of the Board of
Directors of the Company.

     “Deferred Amount” has the meaning given in Section 9.1.

     “Deferred Share” means the deferred share units that confer upon a Participant
the right to receive Shares at the end of a specified deferral period as set forth in
Article IX.

     “Director Share Award” means an award pursuant to Article XI to an Eligible
Director of Common Shares, a right to receive Common Shares or a payment measured by
reference thereto and distributions thereon.

     “Disability” means, unless otherwise provided in an Award Agreement, a
Participant’s long-term disability within the meaning of the

18

 

long-term disability insurance plan or program of the Company or any Subsidiary then
covering the Participant, or in the absence of such a plan or program, as determined by the
Board. The Board’s reasoned and good faith judgment of Disability shall be final and shall
be based on such competent medical evidence as shall be presented to it by the Participant
or by any physician or group of physicians or other competent medical expert employed by
the Participant or the Company to advise the Board.

     “Dividend Equivalents” means dividends paid by the Company with respect to
Shares corresponding to Awards awarded under the Plan.

     “Effective Date” has the meaning given in Section 12.12.

     “Eligible Director” means a member of the Board other than an employee or
officer of the Company or any of its Subsidiaries.

     “Employee” means any executive, officer or other employee of the Company or
any Subsidiary.

     “Fair Market Value” means, as of any date of determination prior to a Public
Offering, the per share fair market value on such date of a share of Common Shares 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, but
not limited to, the earnings and other financial and operating information of the Company
in recent periods, the potential value of the Company as a whole, the future prospects of
the Company and the industries in which it competes, the history and management of the
Company, the general condition of the securities markets, the fair market value of
securities of companies engaged in businesses similar to those of the Company, and any
recent valuation of the Common Shares that shall have been performed by an independent
valuation firm (although nothing herein shall obligate the Board to obtain any such
independent valuation). The determination of Fair Market Value will not give effect to any
restrictions on transfer of the Common Shares or take into account any control premium, but
shall be determined taking into account the fact that such shares would represent a
minority interest in the Company and are illiquid. Following a Public Offering, “Fair
Market Value” shall mean, as of any date of determination, the closing market price of the
underlying security on such date per share of Common Shares as reported on the principal
stock exchange on which the shares of Common Shares are then listed.

19

 

     “Investors” means collectively (i) Ripplewood Partners II, L.P., Oak
Hill Capital Partners II, L.P., and Oak Hill Capital Management Partners II, L.P
(ii) any Affiliate of any thereof, including any investment fund or vehicle
managed, sponsored or advised by any thereof, and (iii) any successor in interest
to any thereof.

     “Normal Retirement” means a termination of the Participant’s employment or
service under circumstances that the Board determines as qualifying as retirement at normal
retirement age for purposes of the Plan.

     “Option” means the right granted pursuant to the Plan to purchase one Common
Share.

     “Option Agreement” means an agreement between the Company and a Participant
embodying the terms of any Options granted pursuant to the Plan and in the form approved by
the Board from time to time for such purpose.

     “Participant” means any Employee or Eligible Director who is granted an Award.

     “Performance Criteria” has the meaning given in Section 8.2.

     “Performance Period” means the period, as determined by the Board, during
which the performance of the Company, any Subsidiary, any business unit and any individual
is measured to determine whether and the extent to which the applicable performance
measures have been achieved; provided, that the duration of any Performance Period shall be
at least twelve months.

     “Performance Stock” shall mean an award of Common Stock that is forfeitable
until the achievement of specified Performance Criteria as provided for in Section 8.1.

     “Performance Unit” shall mean a contractual right to receive Common Stock, or,
at the discretion of the Board, cash based on the Fair Market Value of Common Stock, made
pursuant to Section 8.1 that is forfeitable by the Participant until the achievement of
specified Performance Criteria or until otherwise determined by the Board or in accordance
with the terms of the Plan.

20

 

     “Period of Restriction” means the period during which a Restricted Stock or
Restricted Stock Unit is subject to forfeiture.

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

     “Plan” means this RSC Holdings Inc. Amended and Restated Stock Incentive Plan.

     “Public Offering” means the first day as of which (i) sales of Common
Shares are made to the public pursuant to an underwritten public offering of the Common
Shares led by one or more underwriters at least one of which is an underwriter of
nationally recognized standing or (ii) the Board has determined that shares of the
Common Shares otherwise have become publicly-traded for this purpose.

     “Restricted Stock” means an award of Common Stock made pursuant to Section 7.1
that is forfeitable by the Participant until the completion of a specified period of future
service or until otherwise determined by the Board or in accordance with the terms of the
Plan.

     “Restricted Stock Unit” means a contractual right to receive Common Stock, or,
at the discretion of the Board, cash based on the Fair Market Value of Common Stock, made
pursuant to Section 7.1 that is forfeitable by the Participant until the completion of a
specified period of future service or until otherwise determined by the Board or in
accordance with the terms of the Plan.

     “Special Termination” means a termination by reason of the Participant’s death
or Disability.

     “Stock Appreciation Right” means the right to receive a payment from the
Company, in cash or Common Shares, in an amount to be determined under Article VII of the
Plan.

     “Subscription Agreement” means a stock subscription agreement between the
Company and a Participant embodying the terms of any stock purchase made pursuant to the
Plan and in the form approved by the Board from time to time for such purpose.

21

 

     “Subsidiary” means any corporation, limited liability company or other entity,
a majority of whose outstanding voting securities is owned, directly or indirectly, by the
Company.

     “Supplemental Unit” has the meaning given in Section 9.1.

     Section 17.2 Gender and Number. Except when otherwise indicated by the context, words
in the masculine gender used in the Plan shall include the feminine gender, the singular shall
include the plural, and the plural shall include the singular.

Article XVIII

Miscellaneous Provisions

     Section 18.1 Nontransferability of Awards. Except as otherwise provided herein or as
the Board may permit on such terms as it shall determine, no Awards granted under the Plan may be
sold, transferred, pledged, assigned, hedged, encumbered or otherwise alienated or hypothecated,
other than by will or by the laws of descent and distribution. All rights with respect to Awards
granted to a Participant under the Plan shall be exercisable during the Participant’s life-time by
such Participant only (or, in the event of the Participant’s Disability, such Participant’s legal
representative). Following a Participant’s death, all rights with respect to Awards that were
outstanding at the time of such Participant’s death and have not terminated shall be exercised by
his designated beneficiary or by his estate in the absence of a designated beneficiary.

     Section 18.2 Tax Withholding. The Company or the Subsidiary employing a Participant
shall have the power to withhold up to the minimum statutory requirement, or to require such
Participant to remit to the Company or such Subsidiary, an amount sufficient to satisfy all U.S.
federal, state, local and any non-U.S. withholding tax or other governmental tax, charge or fee
requirements in respect of any Award granted under the Plan. Without limiting the generality of the foregoing, the Company shall have the
right to retain, or the Board may, subject to such terms and conditions as it
may establish from time to time, permit Participants to elect to tender Common
Shares (including Common Shares issuable in respect of an Award) to satisfy, in
whole or in part, the amount required to be withheld (but no greater amount).

     Section 18.3 Beneficiary Designation. Pursuant to such rules and procedures as the
Board may from time to time establish, a Participant may name a beneficiary or beneficiaries (who
may be named contingently or successively) by whom any right under the Plan is to be exercised in
case of such Participant’s death. Each designation will revoke all prior designations by the same
Participant, shall be in a form reasonably prescribed by the Board, and will be effective only when
filed by the Participant in writing with the Board during his lifetime.

22

 

     Section 18.4 Delivery of Financial Statements to Participants. Each year the Company
will provide the Company’s annual financial statements to the Participants.

     Section 18.5 Limitation on Number of Outstanding Options. At no time shall the total
number of shares of Common Shares issuable upon exercise of all outstanding Options and the total
number of shares of Common Shares provided for under any bonus or similar plan or agreement of the
Company exceed 30%, as calculated in accordance with the conditions and exclusions of California
Code of Regulations, Title 10, Ch. 3, Section 260.140.45, of the securities outstanding at the time
the calculation is made.

     Section 18.6 No Guarantee of Employment or Participation. Nothing in the Plan or in
any agreement granted hereunder shall interfere with or limit in any way the right of the Company
or any Subsidiary to terminate any Participant’s employment or retention at any time, or confer
upon any Participant any right to continue in the employ or retention of the Company or any
Subsidiary. No Employee or Eligible Director shall have a right to be selected as a Participant
or, having been so selected, to receive any Awards.

     Section 18.7 No Limitation on Compensation; No Impact on Benefits. Nothing in the
Plan shall be construed to limit the right of the Company or any Subsidiary to establish other
plans or to pay compensation to its Employees or Eligible Directors, in cash or property, in a
manner that is not expressly authorized under the Plan. Except as may otherwise be specifically
and unequivocally stated under any employee benefit plan, policy or program, no amount payable in
respect of any Award shall be treated as compensation for purposes of calculating a Participant’s
rights under any such plan, policy or program. The selection of an Employee as a Participant shall
neither entitle such Employee to, nor disqualify such Employee from, participation in any other
award or incentive plan.

     Section 18.8 No Voting Rights. Except as otherwise required by law, no Participant
holding any Awards granted under the Plan shall have any right in respect of such Awards to vote on
any matter submitted to the Company’s stockholders until such time as the shares of Common Shares
underlying such Awards have been issued, and then, subject to the voting restrictions contained in
the Subscription Agreement.

     Section 18.9 Requirements of Law. The granting of Awards and the issuance of shares
of Common Shares pursuant to the Plan shall be subject to all applicable laws, rules and
regulations, and to such approvals by any governmental agencies or national securities exchanges as
may be required. No Awards shall be

23

 

granted under the Plan, and no Common Shares shall be issued under the Plan, if such grant or
issuance would result in a violation of applicable law, including U.S. federal securities laws and
any applicable state or non-U.S. securities laws.

     Section 18.10 Freedom of Action. Nothing in the Plan or any Award Agreement
evidencing an Award shall be construed as limiting or preventing the Company or any Subsidiary from
taking any action that it deems appropriate or in its best interest (as determined in its sole and
absolute discretion) and no Participant (or person claiming by or through a Participant) shall have
any right relating to the diminishment in the value of any Award as a result of any such action.

     Section 18.11 Unfunded Plan; Plan Not Subject to ERISA. The plan is an unfunded plan
and Participants shall have the status of unsecured creditors of the Company. The Plan is not
intended to be subject to the Employee Retirement Income and Security Act of 1974, as amended.

     Section 18.12 Term of Plan. The Plan shall be effective as of December 1, 2006 (the
“Effective Date”) and shall continue in effect, unless sooner terminated pursuant to
Article XVI, until the tenth anniversary of such date. The provisions of the Plan shall continue
thereafter to govern all outstanding Awards.

     Section 18.13 Governing Law. The Plan, and all agreements hereunder, shall be
governed by and construed in accordance with the law of the State of Delaware regardless of the
application of rules of conflict of law that would apply the laws of any other jurisdiction.

24EX-10.10

 

Exhibit 10.10

Form of Indemnification Agreement

     INDEMNIFICATION AGREEMENT, dated as of [ ], 2007, between RSC Holdings Inc., a Delaware
corporation (the “Company”), and [ ] (“Indemnitee”).

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

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

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

     1. Defined Terms; Construction.

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

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

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

 

 

election by the
Company’s stockholders was
approved by a vote of at least two thirds (2/3) of the directors then still in office who
either were directors at the beginning of the period or whose election or nomination for election
was previously so approved, cease for any reason to constitute a majority thereof, (iii)
the consummation of any merger or consolidation of the Company with any other corporation other
than a merger or consolidation that would result in the Voting Securities of the Company
outstanding immediately prior thereto continuing to represent (either by remaining outstanding or
by being converted into Voting Securities of the surviving entity) at least 50% of the total voting
power represented by the Voting Securities of the Company or such surviving entity outstanding
immediately after such merger or consolidation, (iv) the complete liquidation of the
Company or the sale or disposition by the Company of (in one transaction or a series of related
transactions) all or substantially all of its assets, or (v) the Company shall file or have
filed against it, and such filing shall not be dismissed, any bankruptcy, insolvency or dissolution
proceedings, or a trustee, administrator or creditors committee shall be appointed to manage or
supervise the affairs of the Company.

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

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

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

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

2

 

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

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

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

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

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

          (b) Construction. For purposes of this Agreement,

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

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

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

3

 

     2. Agreement to Serve.

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

     3. Indemnification.

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

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

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

4

 

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

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

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

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

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

     4. Advancement of Expenses.

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

5

 

     5. Indemnification Procedure.

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

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

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

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

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

6

 

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

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

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

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

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

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

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

7

 

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

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

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

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

     6. Directors and Officers Liability Insurance.

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

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

8

 

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

     7. Exculpation, etc.

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

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

     8. Miscellaneous.

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

9

 

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

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

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

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

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

10

 

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

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

[Remainder of this page intentionally left blank.]

11

 

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

	 	 	 	 	 
	 	RSC HOLDINGS INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 
	Address:

	 	6929 E. Greenway Parkway 

Scottsdale, Arizona 85254

	 	 	 	 
	AGREED TO AND ACCEPTED:

INDEMNITEE:

 	 
	 	By:  	 	 
	 	 	Name:  	 
	 	 	Title:  	 

	 	 	 
	Address:
	 	 
	 

	 	 
	 
	 

	 	 
	 
	 

	 	 

12

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