Document:

Exhibit 10(d)

 

Standard Form A of Award Agreement

Incentive Compensation Plan

 

FOR: ________________

 

The elements of the plan are as follows:

 

1.       PROFIT TO PLAN

 

The Profit to Plan element will be paid according to the following
scale up to a maximum of      % of your annual salary:

 

	Rollins Inc. Pre-Tax Profit to Plan Achievement	Annual % of Salary
	_____%	_____%
	_____%	_____%
	_____%	_____%
	_____%	_____%
	_____%	_____%

 

The Company must have a profit and a profit improvement for this
element to be paid.

 

Your CY__ Pre-Tax Profit Plan
is:       $                    

Annual ‘___

 

2.       PROFIT INCREASE OVER
LAST YEAR

 

You will be paid ____% of the profit increase up to the maximum
of      % of your annual salary.

 

The Company must have a profit and a profit improvement for this
element to be paid.

 

Your CY__ Pre-Tax Adjusted Profit base was:     
 $                      

Annual ‘___

 

3.       Combined
Revenue GROWTH

 

The Combined Revenue Growth element will be paid according to the
following scale up to a maximum of __% of your annual salary:

 

	Percentage Increase over Prior Year	Revenue $ Increase	Annual % of Salary 
	____%	 $    _________	___%
	____%	 $    _________	___%
	____%	 $    _________	___%
	____%	 $    _________	___%
	____%	 $    _________	___%
	____%	 $    _________	___%
	____%	 $    _________	___%

  

The Company must have a profit and a profit improvement for this
element to be paid.

 

Your CY__ Combined Revenue Plan is:           $________          $________                          %  

        Annual ’__          Actual ’__             % increase

    

     

    
Exhibit 10(d)

 

Glossary of Terms and Conditions

           Rollins, Inc. Executive
Bonus Plan

 

 I. General Plan Qualifiers and
Provisions

 

		A.	The
plan year for this bonus is January 1, ____ to December 31, ____.

 

		B.	Your
bonus plan is subject to change each year.

 

		C.	Your bonus will be calculated using your actual current base salary as of December 31, ____.

 

		D.	Your eligibility for a bonus and the amount due will be determined solely by the Company.

 

		E.	Bonus payments will be made in one lump sum no later than March 15, ____, minus applicable state
and federal taxes. Other deductions may apply, e.g., 401(k) deductions, etc.

 

		F.	You must be employed in the same position on December 31, ____ to be eligible for a bonus, except
as described below in (H.)

 

		G.	You will not receive a bonus if for any reason you are in a position on December 31, ____ that
is not eligible for a bonus or if you are not actively employed on the date that the bonus is paid.

 

		H.	If you are promoted during the plan year from one bonus-eligible position to another bonus-eligible
position, the bonus components common to both plans carry over to the new position. Plan components unique to the original bonus-eligible
position will be paid based on time spent in the position (must be at least 50 percent of the plan year). Bonus amounts on these
unique components will be calculated at the time of the transfer based on year-to-date results.

 

		I.	If you are hired into a bonus-eligible position during the year, or if you are promoted during
the plan year from a position that is ineligible for a bonus into a bonus-eligible position, you will be eligible for a pro-rated
bonus if you are in the bonus-eligible position for at least 50 percent of the plan year.

 

		J.	You will not receive any bonus if you falsify documents, violate company policy or know of such
actions by employees under your direction without taking corrective actions.

 

		K.	If any bonus amount was paid as a result of misrepresented or inaccurate performance results or
figures, the Company expressly reserves the discretionary right to recoup those erroneous bonus overpayments immediately from any
future wages and compensation, subject to all applicable local, state and federal laws pertaining thereto, or require repayment
of some or all of the bonus compensation paid.

 

		L.	Any disputes over your bonus will be resolved by the Compensation Committee.

 

    

     

    

Exhibit 10(d)

 

		M.	The Compensation Committee reserves the right to reward outstanding performance in unique situations
by awarding an employee a bonus outside the terms of the ____ Home Office Bonus Plan.

 

		N.	The actual profit from which the bonus may be determined may be subject to adjustments as recommended
by the President and approved by the Compensation Committee for the year ____.

 

		O.	Acquisitions over $________ in revenue will be added to the Company strategic plan (revenue and
profit) based on a pro forma of the acquisition model for bonus calculations.

 

		P.	Plan numbers are subject to change based on approved adjustments to Plan.

 

 II. Plan Components

 

		A.	General
Provisions

The ____ Home Office Executive Bonus
Plans divide bonus opportunity into three components: profit to plan performance, profit increase over last year, and combined
revenue to planned increase. No bonus will be paid under any component if Rollins Inc.’s pre-tax profit does not result in
a profit improvement in ____, as compared to ____.

 

		B.	Profit
Increase Performance Component

If Rollins Inc.’s pre-tax
profit in ____ increases compared to ____, you will receive a percentage of your salary up to the maximum allowable percentage
of salary under your bonus plan for this component based on a scale. A pro-rata calculation will be made for actual results that
are between the levels on the scale to the tenths decimal place value.

 

		C.	Profit
To Plan Performance Component

If Rollins Inc.’s pre-tax
profit meets or exceeds ___% of the Company’s plan in ____, you will receive a bonus based on a scale up to the maximum allowable
percentage of salary under your bonus plan for this component. Payouts will begin at ___% of Profit Plan and rise to ___% payout
at ___% of Profit Plan. A pro-rata calculation will be made for actual results that are between the levels on the scale to the
tenths decimal place value.

 

		D.	Combined Revenue Growth

If Rollins Inc.’s combined
revenue increase meets or exceeds ___% of the Company’s combined revenues for ____, you will receive a bonus based on a scale
up to the maximum allowable percentage of salary under your bonus plan for this component.

 

    

     

    
Exhibit 10(d)

 

ACKNOWLEDGMENT

 

I have received and read a copy
of my Incentive Plan with the accompanying Glossary of Terms and Conditions. I understand that participation in this Plan should
in no way be construed as a contract or promise of employment and/or compensation. Employment is at-will, and therefore employment
and compensation can terminate, with or without cause and with or without notice, at any time at the option of the Company or employee.
I also understand that this Incentive Plan will be subject to review, and likely to change next year.

 

 

	 	 	 	 
	Plan Participant	 	DateExhibit 10(d)

 

Standard Form B of Award Agreement

Incentive Compensation Plan

Home Office 

FOR: _________________

 

The elements of the plan are as follows:

 

1.       Key
Operating initiatives

 

The Key Operating Initiatives element will be paid at       %
of your annual salary for ______% achievement of the following Key Operating Initiative:

 

Meet or be under your combined departments’
Expense Plan

 

The Company must have a profit and a profit improvement for this
element to be paid. The stipulation as described in number 3 of Section II, C of the attached Glossary applies to this component.

Efficiency Bonus

 

An Efficiency Bonus may be earned on the combined departments’
expense margin improvement over the previous year. This is a factor of the departments’ expenses as a percentage of the Company’s
planned revenue. To earn this bonus the threshold of a ___% expense margin improvement must be achieved with a bonus cap at ____%
margin improvement. The bonus is pro-rated between ___% and ___%, and there must be a full year of margin improvement. Payout will
be in accordance with the schedule below:

 

	Department Expense Margin Improvement	Efficiency Bonus % of Salary
	 _____%	____ %
	 _____%	____ %

 

Departmental service levels cannot deteriorate, major projects postponed,
or expenses deferred, i.e., open positions, etc. These types of actions adversely affect the Company and will cause disqualification
of this bonus element.

 

All other terms and conditions of the Executive/Home Office Bonus
Plan apply and consequently this element will be subject to future modification and/or removal.

 

2.       internal
customer service survey results

 

The Internal Customer Service Survey element will be paid on a sliding
scale up to a maximum of ___% of your annual salary:

 

	Internal Customer Service Survey Results of Consolidated Departments Reporting to Position	Annual % of Salary
	______ or more	_____%
	_____ – _____	_____%
	_____ – _____	_____%
	Below _____	0%

 

The Company must have a profit and a profit improvement for this
element to be paid.

 

    

     

    

Glossary of Terms and Conditions

 

           Rollins, Inc. Executive/Home Office
Bonus Plan

 

I.General Plan Qualifiers and
Provisions

 

		A.	The
plan year for this bonus is January 1, ____ to December 31, ____.

 

		B.	Your bonus plan is subject to change each year.

 

		C.	Your bonus will be calculated using your actual current base salary as of December 31, ____.

 

		D.	Your eligibility for a bonus and the amount due will be determined solely by the Company.

 

		E.	Bonus payments will be made in one lump sum no later than March 15, ____, minus applicable state
and federal taxes. Other deductions may apply, e.g., 401(k) deductions, etc.

 

		F.	You must be employed in the same position on December 31, ____ to be eligible for a bonus, except
as described below in (H.)

 

		G.	You will not receive a bonus if for any reason you are in a position on December 31, ____ that
is not eligible for a bonus or if you are not actively employed on the date that the bonus is paid.

 

		H.	If you are promoted during the plan year from one bonus-eligible position to another bonus-eligible
position, the bonus components common to both plans carry over to the new position. Plan components unique to the original bonus-eligible
position will be paid based on time spent in the position (must be at least 50 percent of the plan year). Bonus amounts on these
unique components will be calculated at the time of the transfer based on year-to-date results.

 

		I.	If you are hired into a bonus-eligible position during the year, or if you are promoted during
the plan year from a position that is ineligible for a bonus into a bonus-eligible position, you will be eligible for a pro-rated
bonus if you are in the bonus-eligible position for at least 50 percent of the plan year.

 

		J.	You will not receive any bonus if you falsify documents, violate company policy or know of such
actions by employees under your direction without taking corrective actions.

 

		K.	If any bonus amount was paid as a result of misrepresented or inaccurate performance results or
figures, the Company expressly reserves the discretionary right to recoup those erroneous bonus overpayments immediately from any
future wages and compensation, subject to all applicable local, state and federal laws pertaining thereto, or require repayment
of some or all of the bonus compensation paid.

 

		L.	Any disputes over your bonus will be resolved by the Compensation Committee.

 

		M.	The Compensation Committee reserves the right to reward outstanding performance in unique situations
by awarding an employee a bonus outside the terms of the ____ Home Office Bonus Plan.

 

    

     

    

Glossary, Executive/Home Office Plan, Page 3

 

		N.	The actual profit from which the bonus may be determined may be subject to adjustments as recommended
by the President and approved by the Compensation Committee for the year ____.

 

		O.	Acquisitions over $________ in revenue will be added to the Company strategic plan (revenue and
profit) based on a pro forma of the acquisition model for bonus calculations.

 

		P.	Plan numbers are subject to change based on approved adjustments to Plan.

 

		II.	Plan Components

 

A.       General
Provisions

The ____ Executive/Home Office Bonus
Plans divide bonus opportunity into two components: customer satisfaction and key operating initiatives. No bonus will be paid
under any component if Rollins Inc.’s pre-tax profit does not result in a profit improvement in ____, as compared to ____.

 

B.       Customer
Satisfaction Component 

 

		1.	The ____ Internal Customer
Service Surveys will utilize a format similar to the ones utilized in ____.

 

		2.	Participants with this
component will have this portion of their bonus opportunity based on the weighted average rating of the departments who report
to them.

 

		3.	You will receive ___ percent
of the bonus opportunity under this component if your departments receive a weighted average rating of ___ or better.

 

		4.	You will receive ___ percent
of the bonus opportunity under this component if your departments receive a weighted average rating of ___ – ___.

 

		5.	You will receive ___ percent
of the bonus opportunity under this component if your departments receive a weighted average rating of ___ or above in the survey.

 

C.       Key
Operating Initiatives Component 

 

		1.	The purpose of this portion
of the bonus plan is to recognize achievement of specific financial and/or strategic goals. 

 

		2.	Participants with this
component will have this portion of their bonus opportunity based on 100% attainment (or better) of their combined departments’
expenses to plan and/or achievement of Department Expense Margin Improvement.

 

		3.	You will not receive any
bonus for a KOI linked to your departments’ expenses if you intentionally understaff your departments or delay an agreed-upon
project. Departmental service levels cannot deteriorate, major projects postponed, or expenses deferred, i.e., open positions,
etc. These types of actions adversely affect the Company and will cause disqualification of this bonus element.

 

    

     

    
Glossary, Executive/Home Office Plan, Page 4

 

ACKNOWLEDGMENT

 

I have received and read a copy of
my Incentive Plan with the accompanying Glossary of Terms and Conditions. I understand that participation in this Plan should in
no way be construed as a contract or promise of employment and/or compensation. Employment is at-will, and therefore employment
and compensation can terminate, with or without cause and with or without notice, at any time at the option of the Company or employee.
I also understand that this Incentive Plan will be subject to review, and likely to change next year.

 

 

	 	 	 	 
	Plan Participant	 	Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}]]