Document:

Form of Republic Services, Inc. NEO Stock Option Agreement

 Exhibit 10.2 
 [NEO FORM] 
 STOCK OPTION AGREEMENT 

This Stock Option Agreement (the “Agreement”) dated as of the [    ] day of
[        ] (the “Grant Date”), by and between REPUBLIC SERVICES, INC., a Delaware corporation (the “Company”) and
                    (“Optionee”), is made pursuant and subject to the provisions of the Company’s Amended and
Restated 2007 Stock Incentive Plan, as it may be amended from time to time (the “Plan”). 
 1.
Definitions. All capitalized terms used herein but not expressly defined shall have the meaning ascribed to them in the Plan, a copy of which is being provided via email and is incorporated herein by reference. All references to the Company
herein also shall be deemed to include references to any and all entities directly or indirectly controlled by the Company and which are consolidated with the Company for financial accounting purposes. 

2. Grant of Option. Subject to the terms and conditions of the Plan and to the terms and conditions set forth in this Agreement,
the Company hereby grants to the Optionee the right and option to purchase from the Company all or part of an aggregate of [        ] shares of the Common Stock at the Exercise Price of
$[            ] per share (the “Option”). The Option shall be treated as a Non-Qualified Stock Option. 

3. Vesting and Expiration. 
 (a) Vesting Schedule. Except as otherwise provided in this subparagraph or in Section 3(b) hereof, this Option shall vest and become nonforfeitable on the dates (each a “Vesting
Date”) and in the percentages set forth in the following schedule, provided that the Optionee’s continuous service with the Company continues until the applicable Vesting Date: 

 

			
	 Vesting Date
	  	 Vesting Percentage

(Percentage of Total Award Vested as of Applicable 
Date)

	  
	
[                    
]
	  	  25%
	
[                    
]
	  	  50%
	
[                    
]
	  	  75%
	
[                    
]
	  	100%

 Except as otherwise specifically provided herein, there shall be no proportionate or partial vesting in
the periods prior to each Vesting Date and all vesting shall occur only on the applicable Vesting Date. 
 (b) Acceleration
of Vesting on Account of Death, Disability, Retirement, Employment Agreement or Change in Control. 
 (i) The
unvested portion of the Option shall become 100% vested in the event that the Optionee’s continuous service with the Company terminates by reason of: 

 (A) the Optionee’s death or Disability; or 

(B) the Optionee’s retirement, if at the time of such retirement: 

(x) the Optionee is at least fifty-five (55) years old and has completed six (6) years of continuous service
with the Company or is at least sixty (60) years old (without regard to years of service), and in either case has provided the Company not less than twelve (12) months prior written notice of Optionee’s intent to retire; or

 (y) the Optionee is at least sixty (60) years old and has completed fifteen (15) years of
continuous service with the Company or is sixty-five (65) years old and has completed five (5) years of continuous service with the Company and in either case, has provided the Company with not less than thirty (30) days prior written
notice of Optionee’s intent to retire; and 
 (z) in the case of both (x) and (y), the Company does
not provide the Optionee with written notice on or before the Optionee’s anticipated retirement date that the Company intends or has grounds to terminate the Optionee’s continuous service for Cause. 

Any retirement pursuant to Section 3(b)(i)(B) is sometimes hereinafter referred to as a
(“Retirement”). 
 For purposes of determining years of continuous service, service shall
include service in any capacity as an employee or a director with any entity whose financial statements are required to be consolidated with the financial statements of Republic, including service with any such entity prior to the date on which the
entity’s financial statements were required to be so consolidated. 
 (ii) The unvested portion of the
Option shall become fully or partially vested at such times and in such amounts as may be required pursuant to any employment agreement or consulting agreement between the Optionee and the Company or under the Company’s Executive Separation
Policy, as amended from time to time and as applicable. 
 (iii) The unvested portion of the Option shall not
become vested on account of the occurrence of a Change in Control, except if and to the extent required pursuant to any employment agreement or consulting agreement between the Optionee and the Company or under the Company’s Executive
Separation Policy, as amended from time to time and as applicable. 
 (c) Expiration. Any portion of the Option that has
not previously been exercised, or terminated pursuant to Sections 7, 8 or 9 hereof, shall automatically terminate and expire on the seventh anniversary of the Grant Date. 

  
 - 2 -

 4. Method of Exercise. The vested portion of this Option shall be exercisable in
whole or in part in accordance with the vesting provisions set forth in Section 3 hereof, and may be exercised in accordance with the procedures set forth in Section 7(i) of the Plan (except that the address to which any notice is sent
thereunder shall be the address set forth in Section 17 hereof). 
 5. Method of Payment. The Optionee may elect to
pay the Exercise Price for the vested portion of this Option pursuant to any of the following methods: (a) by cash, certified or cashier’s check, bank draft or money order, or (b) through any of the other methods described in
Section 7(j) of the Plan (including without limitation pursuant to a “cashless exercise sale and remittance procedure” described in Section 7(j)(iii) of the Plan) or through the withholding of shares of Common Stock that
otherwise would be delivered to the Optionee as a result of the exercise of the Option (in which case the withheld shares shall be valued at their fair market value on the Exercise Date). 

6. Tax Withholding. 
 (a) The Optionee shall make arrangements satisfactory to the Company to pay to the Company any federal, state or local income taxes required to be withheld as a result of the exercise of the Option. If
the Optionee shall fail to make such tax payments as are required, the Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to the Optionee, any federal, state or local taxes of any kind
required by law to be withheld as a result of the exercise of the Option. 
 (b) The Optionee may elect, by notice to the
Committee, to satisfy his or her minimum withholding tax obligation as a result of the exercise of the Option, by the Company’s withholding a portion of the shares of Common Stock otherwise deliverable to Optionee, such shares being valued at
their fair market value as of the Exercise Date, or by the Optionee’s delivery to the Company of a portion of the shares previously delivered by the Company, such shares being valued at their fair market value as of the date of delivery of such
shares by the Optionee to the Company. 
 7. Termination of Continuous Service. Except as otherwise provided in
Section 8 or 9 hereof, or as otherwise provided in any employment or consulting agreement between the Optionee and the Company or under the Company’s Executive Separation Policy, as amended from time to time and as applicable, in the event
that the Optionee’s continuous service with the Company terminates for any reason other than the Optionee’s death, Disability, or Retirement, then any portion of the Option that has not previously vested pursuant to Section 3 hereof
shall automatically terminate on the date on which the Optionee’s continuous service terminates, and the portion of the Option, if any, that is vested or becomes vested as a result of such termination of continuous service shall automatically
and without notice terminate and become null and void on the earliest to occur of the following: 
 (a) Immediately upon
termination of the Optionee’s continuous service with the Company if such termination is by the Company for Cause or is a voluntary termination within ninety (90) days after the occurrence of an event that would be grounds for termination
of continuous service by the Company for Cause (without regard to any notice or cure period requirement); 

  
 - 3 -

 (b) Ninety (90) days after the termination of the Optionee’s continuous service
for any reason other than the Optionee’s death, Disability, Retirement, by the Company for Cause, or a voluntary termination within ninety (90) days after the occurrence of an event which would be grounds for termination by the Company for
Cause; or 
 (c) the Expiration Date. 
 8. Extended Exercise Period in the Event of Certain Retirement. If the Optionee’s continuous service with the Company terminates by reason of the Optionee’s Retirement, the Optionee shall
have the right, at any time on or before the earlier of (i) the third anniversary of the date of the Optionee’s Retirement or (ii) the Expiration Date, to exercise the Option in whole or in part. 

9. Extended Exercise Period in the Event of Death or Disability. 

(a) Death. If the Optionee’s continuous service with the Company terminates by reason of the Optionee’s death, the
Optionee’s estate, devisee or heir-at-law (as applicable) shall have the right, at any time, on or before the earlier of the (i) fifth anniversary of the date of the Optionee’s death and (ii) the Expiration Date, to exercise the
Option, in whole or in part; provided, however, that the Board of Directors of the Company (or any committee thereof) may provide, in its discretion, that following the death of the Optionee, the estate, devisee or heir-at-law (as applicable) may
exercise the Option, in whole or in part, at any time subsequent to such Optionee’s death and prior to the Expiration Date. 
 (b) Disability. If the Optionee’s continuous service with the Company terminates by reason of the Optionee’s Disability, then the Optionee shall have the right to exercise the Option, in
whole or in part, at any time, on or before the earlier of (i) the fifth anniversary of the date on which the Optionee’s continuous service terminates, and (ii) the Expiration Date; provided, however, that the Board of Directors of
the Company (or any committee thereof) may provide, in its discretion, that the Optionee may, in the event of the termination of the Optionee’s continuous service with the Company by reason of the Optionee’s Disability, exercise the
Option, in whole or in part, at any time subsequent to such termination of continuous service and prior to the Expiration Date either subject to or without regard to any vesting or other limitation on exercise. 

10. Transferability of Options. 
 (a) Restrictions on Transfer. Except as otherwise provided in Section 10(b), no Options shall be transferable or assignable by the Optionee, other than by will or the laws of descent and
distribution or pursuant to a domestic relations order within the meaning of Section 414(p)(1)(B) of the Code, and such Options shall be exercisable during the Optionee’s lifetime only by the Optionee. 

(b) Permitted Transfers. The Optionee may Transfer the Option (or a portion thereof) for no value to (1) a child, stepchild,
grandchild, parent, stepparent, grandparent, spouse, 

  
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former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive relationships, (2) any person sharing
the Optionee’s household (other than a tenant or employee), (3) a trust in which the persons described in (1) and/or (2) have more than 50% of the beneficial interest, (4) a foundation in which the Optionee and/or the
persons described in (1) and/or (2) control the management of assets, or (5) any other entity in which the Optionee and/or the persons described in (1) and/or (2) own more than 50% of the voting interests. 

(c) Notice. No transfer permitted under Section 10(a) or 10(b) of any Options or the right to exercise any Option, shall be
effective to bind the Company unless the Committee shall have been furnished with (i) the Notice of Option Transfer attached hereto as Exhibit A executed and dated by the Optionee (or the executor or personal representative of the
deceased Optionee’s estate) and with a copy of the will, assignment or transfer document and/or such evidence as the Committee may deem necessary to establish the validity of the transfer, and (ii) the Statement of Acknowledgement attached
hereto as Exhibit B executed and dated by the transferee which states that the transferee will comply with all the terms and conditions of the Plan and the Agreement relating to the Option that are or would have been applicable to the
Optionee. 
 11. Forfeiture by Reason of Detrimental Activity. This Option shall be subject to cancellation by the
Committee, in accordance with Section 17(n) of the Plan and this Section 11 if the Optionee engages in any Detrimental Activity. Notwithstanding any other provision of this Agreement to the contrary, if the Optionee engages in any
Detrimental Activity at any time prior to, or during the one year period after the latest date on which any portion of the Option is exercised but prior to a Change in Control, the Company shall, upon the recommendation of the Committee, in its sole
and absolute discretion, be entitled to (a) immediately terminate and cancel any portion of the Option that has not previously been exercised, and/or (b) with respect to any portion of the Option that has been previously exercised, recover
from the Optionee at any time within two (2) years after the latest date on which any portion of the Option is exercised but prior to a Change in Control (and the Optionee shall be obligated to pay over to the Company with respect to any
portion of the Option that has been exercised) (i) an amount equal to the excess of the Fair Market Value of the Common Stock for which the Option was exercised over the Exercise Price (regardless of the form by which payment was made) with
respect to the Option, and (B) any cash or other property (other than Common Stock) received by the Optionee from the Company pursuant to the Option. Awards shall also be subject to cancellation and/or clawback by the Committee if and to the
extent required under applicable law. 
 12. Right to Set-Off. By accepting this Agreement, the Optionee consents to a
deduction from any amounts the Company owes the Optionee from time to time (including amounts owed to the Optionee as wages or other compensation, fringe benefits, or vacation pay, as well as any other amounts owed to Optionee by the Company), up to
the dollar amount Optionee owes the Company under Section 11 hereof. Whether or not the Company elects to make any setoff in whole or in part, if the Company does not recover by means of set-off the full amount the Optionee owes the Company
calculated as set forth above, the Optionee agrees to pay immediately the unpaid balance to the Company. 

  
 - 5 -

 13. Board of Director Discretion. The Optionee may be released from his or her
obligations under Sections 11 and 12 hereof only if the Board of Directors of the Company, or a duly authorized committee thereof, determines, in its sole and absolute discretion, that such action is not adverse to the interests of the Company.

 14. No Right to Continued Employment or Service. This Agreement does not confer upon the Optionee any right to
continued employment or service with the Company, and shall not in any way interfere with the right of the Company to terminate the Optionee’s employment or service at any time. 

15. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without
regard to its principles of conflict of laws. The parties agree that any action, suit or proceeding arising out of or relative to this Agreement or the relationship of Optionee and the Company, shall be instituted only in the state or federal courts
located in Maricopa County in the State of Arizona, and each party waives any objection which such party may now or hereafter have to such venue or jurisdictional court in any action, suit, or proceeding. Any and all services of process and any
other notice in any such action, suit or proceeding shall be effective against any party if given by mail (registered or certified where possible, return receipt requested), postage prepaid, mailed to such party at the address set forth herein.

 16. Severability. The invalidity or enforceability of any one or more provisions of this Agreement shall not affect
the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. In the event that a court of competent jurisdiction should determine that any time periods provided for in Section 11 are
unenforceable, then that period shall be reduced to the longest period of time which such court shall deem enforceable, taking into consideration the purpose and intent of the Plan to serve the interest of the Company and its shareholders.

 17. Notices. All notices or other communications with respect to the Options shall be deemed given and delivered in
person or by facsimile transmission, telefaxed, or mailed by registered or certified mail (return receipt requested, postage prepaid) to the Company’s Stock Option Administrator at the following address (or such other address, as shall be
specified by like notice of a change of address) and shall be effective upon receipt: 
 Stock Option Administrator 

Republic Services, Inc. 
 18500 North Allied Way 
 Phœnix, Arizona 85054 

18. Binding Effect. Subject to the limitation stated herein and in the Plan, this Agreement shall be binding upon and inure to the
benefit of the successors and assigns of the Company and to Optionee’s heirs, legatees, distributees and personal representatives. 
 19. Interpretation/Provisions of Plan Control. In the event that any provision of this Agreement should conflict with any provision of the Plan, the Plan shall govern and be controlling. The
Optionee hereby accepts as final, conclusive and binding, any decisions by the Committee with respect to the interpretation or administration of the Plan and this Agreement. 

  
 - 6 -

 20. Integration. This Agreement supersedes all prior agreements and understanding
between the Company and Optionee relating to the grant of the Option. 
 21. Waiver. The failure of any party at any time
to require strict performance of any condition, promise, agreement or understanding set forth herein shall not be construed as a waiver or relinquishment of the right to require strict performance of the same condition, promise, agreement or
understanding at a subsequent time. 
 22. Certification. Upon exercise of all or any portion of the Option, the Optionee
shall certify in a manner acceptable to the Company that the Optionee has not engaged in any Detrimental Activity that would give the Company the rights described in Section 11 hereof. 

23. Optionee Bound by Terms of the Plan. Optionee hereby acknowledges receipt of a copy of the Plan, and agrees to be bound by all
of the terms, conditions and provisions hereof. 
 24. Counterparts. This Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. The facsimile or email transmission of a signed signature page, by any party to the other(s), shall
constitute valid execution and acceptance of this Agreement by the signing/transmitting party. 
 IN WITNESS WHEREOF, the
Company has caused this Agreement to be signed by a duly authorized officer, and the Optionee has affixed his or her signature hereto. 
  

	
	 REPUBLIC SERVICES, INC.

	
	
	  
 By: Donald W.
Slager

	Chief Executive Officer and President
	
	 OPTIONEE

	
	
	  
 Signature

	
	
	  
 Print or Type
Name

	
	
	  
 Street Address

	
	
	  
 City, State, Zip

	
	
	  

	 Telephone Number

	
	  

	 Social Security Number

	
	
Date:[                    
]

  
 - 7 -

 EXHIBIT A 

NOTICE OF OPTION TRANSFER 
 Republic Services, Inc., a Delaware corporation (the “Company”) and the undersigned person (the “Optionee”) entered into a Stock Option Agreement (the “Agreement”), effective
                     and made pursuant and subject to the provisions of the Company’s Amended and Restated 2007 Stock Incentive Plan, as
it may be amended from time to time (the “Plan”). 
 Pursuant to Section 17(g) of the Plan and Section 10 of
the Agreement, the Optionee (or the Optionee’s estate) transferred for no value Options granted under the Agreement, as stated below, to the person or entity described below (the “Transferee”). 

Number of Options transferred:
                                         
                    
 Date of
transfer:
                                         
                    
 The
Transferee is a permitted transferee under Section 17(g) of the Plan and Section 10 of the Agreement for the following reason: 
  ̈    Transfer by will or the laws of descent and distribution. 
  ̈    Transfer pursuant to a domestic relations order. 
  ̈    Transfer to one of the following family members listed in Section 10(b) of the Agreement: a child, stepchild, grandchild,
parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive relationships. 

 ̈    Transfer to a member of the Optionee’s household (other
than a tenant or an employee). 
  ̈    Transfer to a trust
in which the Optionee, a member of the Optionee’s family, or a member of the Optionee’s household has more than a 50% beneficial interest. 
  ̈    Transfer to a foundation in which the Optionee, a member of the Optionee’s family, or a member of the Optionee’s
household controls the management of the foundation’s assets. 

  
 - 8 -

  ̈    Transfer to an
entity in which the Optionee, a member of the Optionee’s family, or a member of the Optionee’s household owns more than 50% of the voting interest. 
 If the Transferee is a natural person, the nature of the relationship between the Optionee and the Transferee is as follows: 
                                  
                                         
                                         
                                         
                                         
                                         
           
 If the Transferee is something other than a natural person,
details regarding the Optionee’s (or a family member’s or a household member’s) beneficial interest, control or voting interest in the Transferee is as follows: 
                                  
                                         
                                         
                                         
                                         
                                         
           
 The Optionee acknowledges that the transferred Award shall be
exercisable only by the Transferee. The Optionee further acknowledges that at the time the Transferee exercises the Award, the Optionee will be taxed at ordinary income rates on the excess, if any, of the fair market value of the Shares subject to
the portion of the Option being exercised over the Exercise Price for that portion of the Option. In addition, if the Optionee is an employee of the Company or any of its Affiliates, the Optionee will be subject to withholding tax on the taxable
amount and agrees to make arrangements with the Company to pay such amounts as they come due. 
 This Notice is being furnished
to the Company along with a copy of the will, assignment or transfer document and/or such evidence as the Committee may deem necessary to establish the validity of the transfer. An agreement signed by the Transferee acknowledging that all rights and
obligations with respect to the transferred Options shall be governed by the terms and conditions set forth in the Agreement and Plan is also being furnished to the Company. 
 The aforementioned documents are being delivered to the Company in satisfaction of the Optionee’s obligations under Section 10(c) of the Agreement, to Stock Option Administrator at the following
address: 
 Stock Option Administrator 
 Republic Services, Inc. 
 18500 North Allied Way 

Phœnix, Arizona 85054 

  
 - 9 -

 
	
	OPTIONEE
	
	  

	Signature
	
	  

	Print or Type Name
	
	  

	Street Address
	
	  

	City, State, Zip
	
	  

	Telephone Number
	
	  

	Social Security Number
	
	  

	Date

  
 - 10 -

 EXHIBIT B 

STATEMENT OF ACKNOWLEDGEMENT 
 On [                    ],
[                    ] (the “Transferor”) entered into a Stock Option Agreement (the “Agreement”) with Republic Services, Inc.
(the “Company”), pursuant and subject to the provisions of the Company’s Amended and Restated 2007 Stock Incentive Plan, as it may be amended from time to time (the “Plan”). Pursuant to Section 17(g) of the Plan and
Section 10 of the Agreement, on [                    ] the Transferor (or the Transferor’s estate) transferred for no value
[                    ] Options granted under the Agreement to
[                    ] (the “Transferee”). 
 The Transferee hereby acknowledges and agrees that the Transferee is a permitted transferee under to Section 17(g) of the Plan and Section 10 of the Agreement. The Transferee further
acknowledges and agrees that the Transferee’s rights and obligations with respect to the transferred Options shall be governed by the terms and conditions set forth in the Agreement and the Plan, as they are or would have been applicable to the
Transferor, and that the Transferee will comply with such terms and conditions, including, without limitation, those provisions relating to the dates on which the Options may be exercised and terminate, and those relating to the forfeiture and
repayment of benefits in the event that the Transferor engages in any Detrimental Activity, as defined in the Plan. 
  

	
	TRANSFEREE
	
	  

	Signature
	
	  

	Print or Type Name
	
	  

	Street Address
	
	  

	City, State, Zip
	
	  

	Telephone Number
	
	  

	Tax Identifying Number
	
	Date: [                    ]

  
 - 11 -Form of Republic Services, Inc. Non-NEO Restricted Stock Agreement

 Exhibit 10.3 
 [NON-NEO FORM] 
 RESTRICTED STOCK AGREEMENT 

THIS RESTRICTED STOCK AGREEMENT, dated as of the [            ] day of
[            ] (the “Grant Date”), by and between REPUBLIC SERVICES, INC., a Delaware corporation (the “Company”) and
[                    ] (the “Recipient”), is made pursuant and subject to the provisions of the Company’s Amended
and Restated 2007 Stock Incentive Plan, as it may be amended from time to time, (the “Plan”). 
 1.
Definitions. All capitalized terms used herein but not expressly defined shall have the meaning ascribed to them in the Plan, a copy of which is being provided via email and is incorporated herein by reference. All references to the Company
herein also shall be deemed to include references to any and all entities directly or indirectly controlled by the Company and which are consolidated with the Company for financial accounting purposes. 

2. Grant of Restricted Stock. Subject to the terms and conditions of the Plan and to the terms and conditions set forth in this
Agreement, the Company hereby grants to the Recipient [            ] shares of Restricted Stock. Restricted Stock hereunder includes any shares or other securities the Recipient may
receive or be entitled to receive as a result of the ownership of the original Restricted Stock, whether they are issued as a result of a share split, share dividend, recapitalization or other subdivision or combination of shares effected without
receipt of consideration by the Company or the result of the merger or consolidation of the Company or sale of assets of the Company. 
 3. Vesting. 
 (a) Vesting Schedule. Except as otherwise provided in
Section 3(b) hereof, the shares of Restricted Stock shall vest and become nonforfeitable on the dates (each a “Vesting Date”) and in the percentages set forth in accordance with the following schedule, provided that the
Recipient’s continuous service with the Company continues until the applicable Vesting Date: 
  

			
	 Vesting Date
	  	 Vesting Percentage

(Percentage of Total Award Vested as of Applicable Date)

	
[                    
]
	  	  25%
	
[                    
]
	  	  50%
	
[                    
]
	  	  75%
	
[                    
]
	  	100%

 Except as otherwise specifically provided herein, there shall be no proportionate or partial vesting in
the periods prior to each Vesting Date, and all vesting shall occur only on the applicable Vesting Date. 

 (b) Acceleration of Vesting on Account of Death, Disability, Retirement, Termination of
Employment, or for Other Reasons. 
 (i) Death or Disability. The shares of Restricted Stock not yet
vested and that have not previously been forfeited shall become 100% vested and transferable in the event that the Recipient’s continuous service with the Company terminates by reason of the Recipient’s death or Disability. 

(ii) Retirement. The shares of Restricted Stock not yet vested and that have not previously been forfeited shall
become 100% vested and transferable in the event that (1) the Recipient’s continuous service with the Company terminates by reason of the Recipient’s retirement, (2) the Recipient provides written notice to the Company that is
received by the Company at least thirty (30) days in advance of the Recipient’s anticipated retirement date, (3) the Company does not provide the Recipient with written notice on or before the anticipated retirement date that the
Company intends or has grounds to terminate the Recipient’s continuous service for Cause and, (4) at the time of such retirement, the Recipient: 
 (A) is at least sixty (60) years old and has completed five (5) years of continuous service with the Company; or 

(B) is at least fifty-six (56) years old and has completed ten (10) years of continuous service with the
Company; or 
 (C) is at least fifty-five (55) years old and has completed twenty (20) years of
continuous service with the Company. 
 For purposes of determining years of continuous service, service shall
include service in any capacity as an employee or a director with any entity whose financial statements are required to be consolidated with the financial statements of Republic, including service with any such entity prior to the date on which the
entity’s financial statements were required to be so consolidated. 
 (iii) Employment Agreement. The
shares of Restricted Stock not yet vested and that have not previously been forfeited shall become partially or fully vested and transferrable at such times and in such amounts as may be required pursuant to any employment or consulting agreement
between the Recipient and the Company or under the Company’s Executive Separation Policy, as amended from time to time and as applicable. 
 (c) Restrictions. The shares of Restricted Stock and any stock distributions with respect to such Restricted Stock shall be subject to the following restrictions during the period prior to the date
on which they become vested pursuant to this Section or the Plan (the “Restricted Period”): 

(i) The Restricted Stock shall be subject to forfeiture as provided herein; 

  
 - 2 -

 (ii) Except as otherwise provided in Section 3(c)(iii), no shares of
Restricted Stock awarded hereunder shall be transferable or assignable by the Recipient, other than by will or the laws of descent and distribution or pursuant to a domestic relations order within the meaning of Section 414(p)(1)(B) of the
Code; 
 (iii) The Recipient may transfer the shares of Restricted Stock awarded hereunder (or a portion thereof)
for no value to (1) a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive
relationships, (2) any person sharing the Recipient’s household (other than a tenant or employee), (3) a trust in which the persons described in (1) and/or (2) have more than 50% of the beneficial interest, (4) a
foundation in which the Recipient and/or the persons described in (1) and/or (2) control the management of assets, or (5) any other entity in which the Recipient and/or the persons described in (1) and/or (2) own more than
50% of the voting interests; 
 (iv) No transfer permitted under Section 3(c)(ii) or 3(c)(iii) of any shares
of Restricted Stock shall be effective to bind the Company unless the Committee shall have been furnished with (1) the Notice of Restricted Stock Transfer attached hereto as Exhibit A executed and dated by the Recipient (or the executor
or personal representative of the deceased Recipient’s estate) and with a copy of the will, assignment or transfer document and/or such evidence as the Committee may deem necessary to establish the validity of the transfer, and (2) the
Statement of Acknowledgement attached hereto as Exhibit B executed and dated by the transferee which states that the transferee will comply with all the terms and conditions of the Plan and the Agreement relating to the shares of Restricted
Stock that are or would have been applicable to the Recipient; 
 (v) Promptly following the Grant Date, the
Company shall issue a certificate or other indicia of ownership representing the shares of Restricted Stock awarded hereunder. Any certificate or other indicia of ownership representing the shares of Restricted Stock awarded hereunder shall be held
in escrow by the Company and shall, in the Company’s sole discretion, bear an appropriate restrictive legend and be subject to appropriate “stop transfer” orders. To facilitate the escrow of the shares of Restricted Stock awarded
hereunder with the Company, the Recipient shall deliver herewith the Stock Power attached hereto as Exhibit C executed in blank by the Recipient and dated as of the date hereof; and 

(vi) Any additional stock or other securities or property that may be issued or distributed with respect to the Restricted
Stock awarded hereunder as a result of any stock dividend, stock split, business combination or other event shall be subject to the restrictions and other terms and conditions set forth in this Agreement. 

(d) Forfeiture of Restricted Stock. If the Recipient’s continuous service with the Company is terminated for any reason, any
shares of Restricted Stock that have not previously vested and that do not vest as a result of such termination, shall be forfeited immediately upon termination of the Recipient’s continuous service with the Company. 

  
 - 3 -

 (e) Receipt of Common Stock. At or after the end of the applicable Restricted Period,
the Recipient shall receive certificates or other indicia of ownership for Common Stock equal to the number of shares of Restricted Stock that became vested at the end of that Restricted Period, free and clear of the restrictions set forth in this
Agreement, except for any restrictions necessary to comply with federal and state securities laws. Any certificates or other indicia of ownership representing such shares shall be released to the Recipient as promptly as practical following the
Recipient’s becoming entitled to receive such shares. 
 (f) Shareholder Rights. The Recipient shall, subject to the
restrictions set forth herein, have all rights of a shareholder with respect to any shares of Restricted Stock, including the right to vote such shares and the right to receive cash dividends and, except as otherwise provided in Section 3(c)
hereof, other distributions thereon. 
 (g) Section 83(b) Election and Tax Withholding. 

(i) The Recipient may elect, within thirty (30) days of the Grant Date, to include in gross income for federal income
tax purposes an amount equal to the fair market value as of the Grant Date of the Restricted Stock pursuant to Section 83(b) of the Code. 
 (ii) The Recipient shall pay to the Company, or make arrangements satisfactory to the Committee for payment of, any federal, state or local taxes of any kind required by law to be withheld with respect to
the Restricted Stock (including without limitation the vesting thereof) and any dividends or other distributions made by the Company to the Recipient with respect to the Restricted Stock as and when the Company determines those amounts to be due,
and the Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to Recipient any federal, state, or local taxes of any kind required by law to be withheld with respect to the Restricted
Stock or any dividends or other distributions made by the Company to the Recipient with respect to any Restricted Stock. 
 (iii) The Recipient may elect, by notice to the Committee, to satisfy his or her minimum withholding tax obligation with respect to the granting or vesting of the Restricted Stock by the Company’s
withholding a portion of the shares of Common Stock otherwise deliverable to the Recipient, such shares being valued at their fair market value as of the date on which the taxable event that gives rise to the withholding requirement occurs, or by
the Recipient’s delivery to the Company of a portion of the shares previously delivered by the Company, such shares being valued at their fair market value as of the date of delivery of such shares by the Recipient to the Company. 

4. Forfeiture by Reason of Detrimental Activity. The shares of Restricted Stock shall be subject to Section 17(n) of the
Plan. Notwithstanding any other provision of this Agreement to the contrary, if the Recipient engages in any Detrimental Activity at any time prior to or during the one year period after the latest date on which any portion of the shares of
Restricted Stock become vested but prior to a Change in Control, the Company shall, upon the recommendation of the Committee in its sole and absolute discretion, be entitled to (a) immediately terminate and cancel any portion of the shares of
Restricted Stock that have not 

  
 - 4 -

 
previously vested, and (b) require that within two (2) years after the latest date on which any portion of the Restricted Stock vests but prior to a Change in Control, the Recipient
(i) return to the Company any shares of Common Stock acquired pursuant to this Agreement, or if such shares of Common Stock are not still owned by the Recipient, that the Recipient pay to the Company an amount equal to the fair market value of
such shares of Common Stock on the date they were issued, or if later, the date on which they became vested, and (ii) return to the Company any cash or other property (other than Common Stock) received by the Recipient from the Company pursuant
to this Agreement. Awards shall also be subject to cancellation and/or clawback by the Committee if and to the extent required under applicable law. 
 5. Right to Set Off. By accepting this Agreement, the Recipient consents to a deduction from any amounts the Company owes the Recipient from time to time (including amounts owed to the Recipient as
wages or other compensation, for any benefits, or vacation pay, as well as any other amounts owed to the Recipient by the Company), up to the dollar amount the Recipient owes the Company under Section 4 hereof. Whether or not the Company elects
to make any set off in whole or in part, if the Company does not recover by means of set off the full amount the Recipient owes the Company calculated as set forth in Section 4 hereof, the Recipient agrees to pay immediately the unpaid balance
to the Company. 
 6. Board of Director Discretion. The Recipient may be released from his or her obligations under
Sections 4 and 5 hereof only if the Board of Directors of the Company, or a duly authorized committee thereof, determines, in its sole and absolute discretion, that such action is not adverse to the interests of the Company. 

7. No Right to Continued Employment or Service. This Agreement does not confer upon the Recipient any right with respect to
continuance of employment or service by the Company, nor shall it interfere in any way with the right of the Company to terminate the Recipient’s employment or service at any time. 

8. Change of Control or Capital Structure. 
 (a) Subject to any required action by the shareholders of the Company, the number of shares of Restricted Stock covered by this award shall be proportionately adjusted and the terms of the restrictions on
such shares shall be adjusted as the Committee shall determine to be equitably required for any increase or decrease in the number of issued and outstanding shares of Common Stock of the Company resulting from any stock dividend (but only on the
Common Stock), stock split, subdivision, combination, reclassification, recapitalization or general issuance to the holders of Common Stock of rights to purchase Common Stock at substantially below Fair Market Value or any change in the number of
such shares outstanding effected without receipt of cash or property or labor or services by the Company or for any spin-off, spin-out, split-up, split-off or other distribution of assets to shareholders. 

(b) The Restricted Stock shall not become immediately vested in the event that a Change in Control occurs, except to the extent required
in any employment agreement or consulting agreement between the Company and the Recipient or under the Company’s Executive Separation Policy, as amended from time to time and as applicable. In the event of a change in the Common Stock as
presently constituted, which is limited to a change in all of its 

  
 - 5 -

 
authorized shares without par value into the same number of shares with par value, the shares resulting from any such change shall be deemed to be the Common Stock within the meaning of the Plan.

 (c) The award of Restricted Stock pursuant to the Plan shall not affect in any way the right or power of the Company to make
adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge or to consolidate or to dissolve, liquidate or sell, or transfer all or any part of its business or assets. 

9. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without
regard to its principles of conflict of laws. The parties agree that any action, suit or proceeding arising out of or relative to this Agreement or the relationship of the Recipient and the Company, shall be instituted only in the state or federal
courts located in Maricopa County in the State of Arizona, and each party waives any objection which such party may now or hereafter have to such venue or jurisdictional court in any action, suit, or proceeding. Any and all services of process and
any other notice in any such action, suit or proceeding shall be effective against any party if given by mail (registered or certified where possible, return receipt requested), postage prepaid, mailed to such party at the address set forth herein.

 10. Severability. The invalidity or enforceability of any one or more provisions of this Agreement shall not affect
the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. In the event that a court of competent jurisdiction should determine that any time period provided for in Section 4 is
unenforceable, then such period shall be reduced to the longest period of time which such court shall deem enforceable, taking into consideration the purpose and intent of the Plan to serve the interests of the Company and its shareholders.

 11. Notices. All notices or other communications with respect to the Restricted Stock shall be deemed given and
delivered in person or by facsimile transmission, telefaxed, or mailed by registered or certified mail (return receipt requested, postage prepaid) to the Company’s Stock Option Administrator at the following address (or such other address, as
shall be specified by like notice of a change of address) and shall be effective upon receipt: 
 Stock Option Administrator

 Republic Services, Inc. 
 18500 North Allied Way 
 Phœnix, Arizona 85054 

12. Waiver. The failure of any party at any time to require strict performance of any condition, promise, agreement or
understanding set forth herein shall not be construed as a waiver or relinquishment of the right to require strict performance of the same condition, promise, agreement or understanding at a subsequent time. 

13. Interpretation/Provisions of Plan Control. In the event of any conflict between the provisions of the Plan and the provisions
of this Agreement, the provisions of the Plan shall govern. The Recipient hereby accepts as final, conclusive and binding, any decisions by the Committee with respect to the interpretation or administration of the Plan and this Agreement.

  
 - 6 -

 14. Recipient Bound by Plan. The Recipient hereby acknowledges receipt of a copy of
the Plan and agrees to be bound by all the terms, conditions and provisions thereof. 
 15. Binding Effect. Subject to
the limitations stated herein and in the Plan, this Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Company and the Recipient’s heirs, legatees, distributees and personal representatives.

 16. Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original, with
the same effect as if the signatures thereto and hereto were upon the same instrument. The facsimile or email transmission of a signed signature page, by any party to the other(s), shall constitute valid execution and acceptance of this Agreement by
the signing/transmitting party. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by a duly
authorized officer, and the Recipient has affixed his or her signature hereto. 
  

	
	REPUBLIC SERVICES, INC.
	
	  

	By: Donald W. Slager
	Chief Executive Officer and President
	
	RECIPIENT
	
	  

	Signature
	
	  

	Print or Type Name
	
	  

	Street Address
	
	  

	City, State, Zip
	
	  

	Telephone Number
	
	  

	Social Security Number
	
	
	Date: [                     ]

  
 - 7 -

 EXHIBIT A 

NOTICE OF RESTRICTED STOCK TRANSFER 
 Republic Services, Inc., a Delaware corporation (the “Company”) and the undersigned person (the “Recipient”) entered into a Restricted Stock Agreement (the “Agreement”),
effective                      and made pursuant and subject to the provisions of the Company’s Amended and Restated 2007 Stock Incentive
Plan, as it may be amended from time to time (the “Plan”). 
 Pursuant to Section 17(g) of the Plan and
Section 3(c) of the Agreement, the Recipient (or the Recipient’s estate) transferred for no value shares of Restricted Stock granted under the Agreement, as stated below, to the person or entity described below (the
“Transferee”). 
 Number of shares of Restricted Stock transferred:
                                        
                      

Date of transfer:
                                        
                      

The Transferee is a permitted transferee under Section 17(g) of the Plan and Section 3(c) of the Agreement for the following
reason: 
  ̈    Transfer by will or the laws of descent and
distribution. 
  ̈    Transfer pursuant to a domestic
relations order. 
  ̈    Transfer to one of the following
family members listed in Section 3(c)(iii) of the Agreement: a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
brother-in-law or sister-in-law, including adoptive relationships. 

 ̈    Transfer to a member of the Recipient’s household (other
than a tenant or an employee). 
  ̈    Transfer to a trust
in which the Recipient, a member of the Recipient’s family, or a member of the Recipient’s household has more than a 50% beneficial interest. 
  ̈    Transfer to a foundation in which the Recipient, a member of the Recipient’s family, or a member of the Recipient’s
household controls the management of the foundation’s assets. 

  
 - 8 -

  ̈    Transfer to an
entity in which the Recipient, a member of the Recipient’s family, or a member of the Recipient’s household owns more than 50% of the voting interest. 
 If the Transferee is a natural person, the nature of the relationship between the Recipient and the Transferee is as follows: 
                                  
                                         
                                         
                                         
                                         
                                         
           
 If the Transferee is something other than a natural person,
details regarding the Recipient’s (or a family member’s or a household member’s) beneficial interest, control or voting interest in the Transferee is as follows: 

                      
                                         
                                         
                                         
                                         
                                         
                      
 The Recipient acknowledges that at the time the Award vests, unless the Recipient had previously filed a Section 83(b) election with the Internal Revenue Service, the Recipient will be taxed at
ordinary income rates on the excess, if any, of the fair market value of the shares of Restricted Stock on the date those shares vest over any amount paid by the Recipient for the transferred Restricted Stock. In addition, if the Recipient is an
employee of the Company or any of its Affiliates, the Recipient will be subject to withholding tax on the taxable amount and agrees to make arrangements with the Company to pay such amounts as they come due. 

This Notice is being furnished to the Company along with a copy of the will, assignment or transfer document and/or such evidence as the
Committee may deem necessary to establish the validity of the transfer. An agreement signed by the Transferee acknowledging that all rights and obligations with respect to the transferred shares of Restricted Stock shall be governed by the terms and
conditions set forth in the Agreement and Plan is also being furnished to the Company. 
 The aforementioned documents are being
delivered to the Company in satisfaction of the Recipient’s obligations under Section 3(c)(iv) of the Agreement, to Stock Option Administrator at the following address: 

Stock Option Administrator 
 Republic Services, Inc. 
 18500 North Allied Way 

Phœnix, Arizona 85054 

  
 - 9 -

 
	
	RECIPIENT
	
	  

	Signature
	  

	Print or Type Name
	  

	Street Address
	  

	City, State, Zip
	  

	Telephone Number
	  

	Social Security Number
	  

	Date

  
 - 10 -

 EXHIBIT B 

STATEMENT OF ACKNOWLEDGEMENT 
 On [                    ],
[                ] (the “Transferor”) entered into a Restricted Stock Agreement (the “Agreement”) with Republic Services, Inc. (the
“Company”), pursuant and subject to the provisions of the Company’s Amended and Restated 2007 Stock Incentive Plan, as it may be amended from time to time (the “Plan”). Pursuant to Section 17(g) of the Plan and
Section 3(c) of the Agreement, on [                    ] the Transferor (or the Transferor’s estate) transferred for no value
[            ] shares of Restricted Stock granted under the Agreement to
[                                        ] (the
“Transferee”). 
 The Transferee hereby acknowledges and agrees that the Transferee is a permitted transferee under to
Section 17(g) of the Plan and Section 3(c) of the Agreement. The Transferee further acknowledges and agrees that the Transferee’s rights and obligations with respect to the transferred shares of Restricted Stock shall be governed by
the terms and conditions set forth in the Agreement and the Plan, as they are or would have been applicable to the Transferor, and that the Transferee will comply with such terms and conditions, including, without limitation, those provisions
relating to the dates on which the shares of Restricted Stock may vest, and those relating to the forfeiture and repayment of benefits in the event that the Transferor engages in any Detrimental Activity, as defined in the Plan. 

 

	
	TRANSFEREE
	
	  
 Signature

	
	  
 Print or Type
Name

	
	  
 Street
Address

	
	  
 City, State,
Zip

	
	  
 Telephone
Number

	
	  
 Tax Identifying
Number

	
	Date:     [                 ]

  
 - 11 -

 EXHIBIT C 

STOCK POWER 
 FOR VALUE RECEIVED, pursuant to a certain Restricted Stock Agreement between Republic Services, Inc. and the undersigned dated
[                    ], I hereby sell, assign and transfer unto Republic Services, Inc. all shares of the restricted Common Stock of Republic
Services, Inc. awarded to me on this date and in the future under said Agreement and do hereby irrevocably constitute and appoint the Secretary of Republic Services, Inc. as my attorney-in-fact to transfer the said shares of stock on the books of
Republic Services, Inc. with full power of substitution in the premises. 
 Dated:

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