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                                                                   EXHIBIT 10.49

                          ABM INDUSTRIES INCORPORATED

                             AMENDMENT NO. 3 TO THE

                   "TIME-VESTED" INCENTIVE STOCK OPTION PLAN

      ABM INDUSTRIES INCORPORATED, having established the "Time-Vested"
Incentive Stock Option Plan effective on March 17, 1987, as amended (the
"Plan"), hereby amends the Plan, as of April 19, 1999 as follows:

      Subsection 4(E) of Article II of the Plan is amended by adding a final
sentence to the end of the second paragraph thereof to read as follows:

      Notwithstanding any inconsistent or contrary Plan provisions, in the
event an optionee who is at least age 64 dies while in the service of the
Company or of a subsidiary, all unvested options granted after April 19, 1999
shall immediately vest and become fully exercisable as of the date of such
death.

      IN WITNESS WHEREOF, ABM INDUSTRIES INCORPORATED, by its duly authorized
officer, has executed this Amendment No. 3 on the date indicated below.

                                    ABM INDUSTRIES INCORPORATED

                                    BY:  /s/ LORRAINE P. O'HARA
                                        ----------------------------------

                                    TITLE:  Assistant Secretary
                                           -------------------------------

                                    DATED:  October 13, 1999
                                           -------------------------------<PAGE>   1
                                                                   EXHIBIT 10.50

                             AMENDMENT NO. 4 TO THE
                          ABM INDUSTRIES INCORPORATED
                   "TIME-VESTED" INCENTIVE STOCK OPTION PLAN
                        (December 19, 1994 Restatement)

     ABM INDUSTRIES INCORPORATED, having established the ABM Industries
Incorporated "Time-Vested" Incentive Stock Option Plan (December 19, 1994
Restatement) (the "Plan"), hereby amends the Plan, effective as of September
22, 1999 as follows:

     1.   The second paragraph of Article III of the Plan is amended and
restated in its entirety to read as follows:

          If the Company shall be the surviving corporation in any merger or
     consolidation, each outstanding option shall pertain to and apply to the
     securities to which a holder of the same number of shares of Common Stock
     that are subject to that option would have been entitled (unless the
     Committee determines the provisions of the following sentences are
     applicable to such merger or consolidation). A Change in Control of the
     Company (as defined below) shall cause each outstanding option to
     terminate, provided that each optionee in the event of a Change in Control
     which will cause his option to terminate shall have the right immediately
     prior to such Change in Control to exercise his option in whole or in
     part, subject to every limitation on the exercisability of such option
     other than any vesting provisions. For purposes hereof, a "Change in
     Control" means:

          (1)  the acquisition (other than by ABM or by an employee benefit plan
     or related trust sponsored or maintained by ABM), directly or indirectly,
     in one or more transactions, by any person or by any group of persons,
     within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act
     of 1934 or any comparable successor provisions (the "Exchange Act"), of
     beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act)
     of twenty-five percent or more of either the outstanding shares of common
     stock or the combined voting power of ABM's outstanding voting securities
     entitled to vote generally, if the acquisition was not previously approved
     by the existing directors;

          (2)  the acquisition (other than by ABM or by an employee benefit plan
     or related trust sponsored or maintained by ABM), directly or indirectly,
     in one or more transactions, by any such person or by any group of persons
     of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange
     Act) of fifty percent or more of either the outstanding shares of common
     stock or the combined voting power of ABM's outstanding voting securities
     entitled to vote generally, whether or not the acquisition was approved by
     the existing directors, other than an acquisition that complies with clause
     (i) and (ii) of paragraph (3);
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          (3)  consummation of a reorganization, merger or consolidation of ABM
     or the sale or other disposition of all or substantially all of ABM's
     assets unless, immediately following such event, (i) all or substantially
     all of the stockholders of ABM immediately prior to such event own,
     directly or indirectly, seventy-five percent or more of the then
     outstanding voting securities entitled to vote generally of the resulting
     corporation (including without limitation, a corporation which as a result
     of such event owns ABM or all or substantially all of ABM's assets either
     directly or through one or more subsidiaries) in substantially the same
     proportions as their ownership of ABM's outstanding voting securities
     entitled to vote generally immediately prior to such event and (ii) the
     securities of the surviving or resulting corporation received or retained
     by the stockholders of ABM is publicly traded;

          (4)  approval by the stockholders of the complete liquidation or
     dissolution of ABM; or

          (5)  a greater than one-third change in the composition of the Board
     of Directors within 24 months if not approved by a majority of the
     pre-existing directors.

     provided that, with respect of options that are outstanding as of September
     22, 1999 the following shall also apply;

     A dissolution or liquidation of the Company, a merger or consolidation in
     which the Company is not the surviving corporation or a "change in
     control" of the Company (as defined below) (each a "Terminating
     Transaction"), shall cause each outstanding option to terminate, unless
     the agreement of merger or consolidation or any agreement relating to a
     dissolution, liquidation or change in control shall otherwise provide,
     provided that each optionee in the event of a Terminating Transaction
     which will cause his option to terminate shall have the right immediately
     prior to such Terminating Transaction to exercise his option in whole or in
     part, subject to every limitation on the exercisability of such option
     other than any vesting provisions. For purposes of this proviso only,
     a"change of control" shall be deemed to have occurred when (i) a person or
     group or persons acquires fifty percent (50%) or more of the Company's
     voting securities, and (ii) the Board of Directors of the company or the
     Committee shall have determined that such a "change of control," as
     established by the Board or Committee, has been satisfied.

     IN WITNESS WHEREOF, ABM INDUSTRIES INCORPORATED, by its duly authorized
officer, has executed this Amendment No. 2 on the date indicated below.

                                        ABM INDUSTRIES INCORPORATED

Dated:  9/22/99                         By /s/ LORRAINE H. O'HARA
        -----------------                  -------------------------
                                        Title: Assistant Secretary

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                                                                   EXHIBIT 10.51

                          ABM INDUSTRIES INCORPORATED

                             AMENDMENT NO. 1 TO THE

                        1984 EXECUTIVE STOCK OPTION PLAN

      ABM INDUSTRIES INCORPORATED, having established the 1984 Executive Stock
Option Plan (the "Plan"), hereby amends the Plan effective as of December 19,
1995 as follows:

      Section 5.1 of Article V of the Plan is amended to read as follows:

      Subject to adjustment pursuant to the provisions of Section 5.3 hereof,
the number of shares of stock which may be issued and sold hereunder shall not
exceed eight hundred forty thousand (840,000) shares. Such shares may be
authorized and unissued shares or shares issued and thereafter acquired by the
Company.

      IN WITNESS WHEREOF, ABM INDUSTRIES INCORPORATED, by its duly authorized
officer, has executed this Amendment No. 1 on the date indicated below.

                                          ABM INDUSTRIES INCORPORATED

                                          BY: /s/ LORRAINE P. O'HARA
                                             -----------------------------

                                       TITLE: Assistant Secretary
                                             -----------------------------

                                       DATED: March 30, 1996
                                             -----------------------------<PAGE>   1
                                                                   EXHIBIT 10.52

                          ABM INDUSTRIES INCORPORATED

                             AMENDMENT NO. 2 TO THE

                        1984 EXECUTIVE STOCK OPTION PLAN
                          (DECEMBER 1994 RESTATEMENT)

      ABM INDUSTRIES INCORPORATED, having established the 1984 Executive Stock
Option Plan (the "Plan"), hereby amends the Plan effective as of March 30, 1999
as follows:

      The name of the Plan shall be "Age-Vested" Career Stock Option Plan

      IN WITNESS WHEREOF, ABM INDUSTRIES INCORPORATED, by its duly authorized
officer, has executed this Amendment No. 2 on the date indicated below.

                                          ABM INDUSTRIES INCORPORATED

                                          BY: /s/ LORRAINE P. O'HARA
                                             -----------------------------

                                       TITLE: Assistant Secretary
                                             -----------------------------

                                       DATED: March 30, 1999
                                             -----------------------------

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