Document:

exv4w1

EXHIBIT 4.1

2005 STOCK INCENTIVE PLAN

     Purposes of the Plan. The purposes of this Plan are to attract and retain the best
available personnel, to provide additional incentives to Employees, Directors and Consultants and
to promote the success of the Company’s business.

     Definitions. The following definitions shall apply as used herein and in the
individual Award Agreements except as defined otherwise in an individual Award Agreement. In the
event a term is separately defined in an individual Award Agreement, such definition shall
supercede the definition contained in this Section 2.

          "Administrator” means the Board or any of the Committees appointed to administer the
Plan.

          "Affiliate” and “Associate” shall have the respective meanings ascribed to
such terms in Rule 12b-2 promulgated under the Exchange Act.

          "Applicable Laws” means the legal requirements relating to the Plan and the Awards
under applicable provisions of federal securities laws, state corporate and securities laws, the
Code, the rules of any applicable stock exchange or national market system, and the rules of any
non-U.S. jurisdiction applicable to Awards granted to residents therein.

          "Assumed” means that pursuant to a Corporate Transaction either (i) the Award is
expressly affirmed by the Company or (ii) the contractual obligations represented by the Award are
expressly assumed (and not simply by operation of law) by the successor entity or its Parent in
connection with the Corporate Transaction with appropriate adjustments to the number and type of
securities of the successor entity or its Parent subject to the Award and the exercise or purchase
price thereof which at least preserves the compensation element of the Award existing at the time
of the Corporate Transaction as determined in accordance with the instruments evidencing the
agreement to assume the Award.

          "Award” means the grant of an Option, SAR, Dividend Equivalent Right, Restricted
Stock, Restricted Stock Unit or other right or benefit under the Plan.

          "Award Agreement” means the written agreement evidencing the grant of an Award
executed by the Company and the Grantee, including any amendments thereto.

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

          "Cause” means, with respect to the termination by the Company or a Related Entity of
the Grantee’s Continuous Service, that such termination is for “Cause” as such term is expressly
defined in a then-effective written agreement between the Grantee and the Company or such Related
Entity, or in the absence of such then-effective written agreement and

definition, is based on, in the determination of the Administrator, the Grantee’s: (i) performance
of any act or failure to perform any act in bad faith and to the detriment of the Company or a
Related Entity; (ii) dishonesty, intentional misconduct or material breach of any agreement with

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the Company or a Related Entity; or (iii) commission of a crime involving dishonesty, breach of
trust, or physical or emotional harm to any person.

          "Change in Control” means a change in ownership or control of the Company after the
Registration Date effected through either of the following transactions:

               the direct or indirect acquisition by any person or related group of persons (other than an
acquisition from or by the Company or by a Company-sponsored employee benefit plan or by a person
that directly or indirectly controls, is controlled by, or is under common control with, the
Company) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of
securities possessing more than fifty percent (50%) of the total combined voting power of the
Company’s outstanding securities pursuant to a tender or exchange offer made directly to the
Company’s stockholders which a majority of the Continuing Directors who are not Affiliates or
Associates of the offeror do not recommend such stockholders accept, or

               a change in the composition of the Board over a period of thirty-six (36) months or less such
that a majority of the Board members (rounded up to the next whole number) ceases, by reason of one
or more contested elections for Board membership, to be comprised of individuals who are Continuing
Directors.

          "Code” means the Internal Revenue Code of 1986, as amended.

          "Committee” means any committee composed of members of the Board appointed by the
Board to administer the Plan.

          "Common Stock” means the Class A Common Stock of the Company.

          "Company” means GCA Holdings, Inc., a Delaware corporation, or any successor entity
that adopts the Plan in connection with a Corporate Transaction.

          "Consultant” means any person (other than an Employee or a Director, solely with
respect to rendering services in such person’s capacity as a Director) who is engaged by the
Company or any Related Entity to render consulting or advisory services to the Company or such
Related Entity.

          "Continuing Directors” means members of the Board who either (i) have been Board
members continuously for a period of at least thirty-six (36) months or (ii) have been Board
members for less than thirty-six (36) months and were elected or nominated for election as

Board members by at least a majority of the Board members described in clause (i) who were still in
office at the time such election or nomination was approved by the Board.

          "Continuous Service” means that the provision of services to the Company or a Related
Entity in any capacity of Employee, Director or Consultant is not interrupted or terminated. In
jurisdictions requiring notice in advance of an effective termination as an Employee, Director or
Consultant, Continuous Service shall be deemed terminated upon the actual cessation of providing
services to the Company or a Related Entity notwithstanding any required notice period that must be
fulfilled before a termination as an Employee, Director or Consultant can be effective under
Applicable Laws. A Grantee’s Continuous Service shall be deemed to have terminated either upon an
actual termination of Continuous Service or upon the entity for which the Grantee provides services
ceasing to be a Related Entity. Continuous Service shall not be considered interrupted in the case
of (i) any approved leave of absence, (ii) transfers among the Company, any Related Entity, or any
successor, in any capacity of Employee, Director or Consultant, or (iii) any change in status as
long as the individual remains in the service of the Company or a Related Entity in any capacity of
Employee, Director or Consultant (except as

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otherwise provided in the Award Agreement). An approved leave of absence shall include sick
leave, military leave, or any other authorized personal leave. For purposes of each Incentive
Stock Option granted under the Plan, if such leave exceeds three (3) months, and reemployment upon
expiration of such leave is not guaranteed by statute or contract, then the Incentive Stock Option
shall be treated as a Non-Qualified Stock Option on the day three (3) months and one (1) day
following the expiration of such three (3) month period.

          "Corporate Transaction” means any of the following transactions, provided, however,
that the Administrator shall determine under parts (iv) and (v) whether multiple transactions are
related, and its determination shall be final, binding and conclusive:

               a merger or consolidation in which the Company is not the surviving entity, except for a
transaction the principal purpose of which is to change the state in which the Company is
incorporated;

               the sale, transfer or other disposition of all or substantially all of the assets of the
Company;

               the complete liquidation or dissolution of the Company;

               any reverse merger or series of related transactions culminating in a reverse merger
(including, but not limited to, a tender offer followed by a reverse merger) in which the Company
is the surviving entity but (A) the shares of Common Stock outstanding immediately prior to such
merger are converted or exchanged by virtue of the merger into other property, whether in the form
of securities, cash or otherwise, or (B) in which securities possessing more than fifty percent
(50%) of the total combined voting power of the Company’s outstanding securities are transferred to
a person or persons different from those who held such

securities immediately prior to such merger or the initial transaction culminating in such merger,
but excluding any such transaction or series of related transactions that the Administrator
determines shall not be a Corporate Transaction; or

               acquisition in a single or series of related transactions by any person or related group of
persons (other than the Company or by a Company-sponsored employee benefit plan) of beneficial
ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than
fifty percent (50%) of the total combined voting power of the Company’s outstanding securities but
excluding any such transaction or series of related transactions that the Administrator determines
shall not be a Corporate Transaction.

          "Covered Employee” means an Employee who is a “covered employee” under Section
162(m)(3) of the Code.

          "Director” means a member of the Board or the board of directors of any Related
Entity.

          "Disability” means as defined under the long-term disability policy of the Company or
the Related Entity to which the Grantee provides services regardless of whether the Grantee is
covered by such policy. If the Company or the Related Entity to which the Grantee provides service
does not have a long-term disability plan in place, “Disability” means that a Grantee is unable to
carry out the responsibilities and functions of the position held by the Grantee by reason of any
medically determinable physical or mental impairment for a period of not less than ninety (90)
consecutive days. A Grantee will not be considered to have incurred a Disability unless he or she
furnishes proof of such impairment sufficient to satisfy the Administrator in its discretion.

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          "Dividend Equivalent Right” means a right entitling the Grantee to compensation
measured by dividends paid with respect to Common Stock.

          "Employee” means any person, including an Officer or Director, who is in the employ of
the Company or any Related Entity, subject to the control and direction of the Company or any
Related Entity as to both the work to be performed and the manner and method of performance. The
payment of a director’s fee by the Company or a Related Entity shall not be sufficient to
constitute “employment” by the Company.

          "Exchange Act” means the Securities Exchange Act of 1934, as amended.

          "Fair Market Value” means, as of any date, the value of Common Stock determined as
follows:

               If the Common Stock is listed on one or more established stock exchanges or national market
systems, including without limitation The Nasdaq National Market or The Nasdaq SmallCap Market of
The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such stock (or
the closing bid, if no sales were reported) as quoted on the principal exchange or system on which
the Common Stock is listed (as determined by the Administrator) on the date of determination (or,
if no closing sales price or closing bid was reported on that date, as applicable, on the last
trading date such closing sales price or closing bid was reported), as reported in The Wall Street
Journal or such other source as the Administrator deems reliable;

               If the Common Stock is regularly quoted on an automated quotation system (including the OTC
Bulletin Board) or by a recognized securities dealer, its Fair Market Value shall be the closing
sales price for such stock as quoted on such system or by such securities dealer on the date of
determination, but if selling prices are not reported, the Fair Market Value of a share of Common
Stock shall be the mean between the high bid and low asked prices for the Common Stock on the date
of determination (or, if no such prices were reported on that date, on the last date such prices
were reported), as reported in The Wall Street Journal or such other source as the Administrator
deems reliable; or

               In the absence of an established market for the Common Stock of the type described in (i) and
(ii), above, the Fair Market Value thereof shall be determined by the Administrator in good faith.

          "Grantee” means an Employee, Director or Consultant who receives an Award under the
Plan.

          "Incentive Stock Option” means an Option intended to qualify as an incentive stock
option within the meaning of Section 422 of the Code.

          "Non-Qualified Stock Option” means an Option not intended to qualify as an Incentive
Stock Option.

          "Officer” means a person who is an officer of the Company or a Related Entity within
the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.

          "Option” means an option to purchase Shares pursuant to an Award Agreement granted
under the Plan.

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          "Parent” means a “parent corporation”, whether now or hereafter existing, as defined
in Section 424(e) of the Code.

          "Performance-Based Compensation” means compensation qualifying as “performance-based
compensation” under Section 162(m) of the Code.

          "Plan” means this 2005 Stock Incentive Plan.

          "Registration Date” means the first to occur of (i) the closing of the first sale to
the general public pursuant to a registration statement filed with and declared effective by the
Securities and Exchange Commission under the Securities Act of 1933, as amended, of (A) the Common
Stock or (B) the same class of securities of a successor corporation (or its Parent) issued
pursuant to a Corporate Transaction in exchange for or in substitution of the Common Stock; and
(ii) in the event of a Corporate Transaction, the date of the consummation of the Corporate
Transaction if the same class of securities of the successor corporation (or its Parent) issuable
in such Corporate Transaction shall have been sold to the general public pursuant to a registration
statement filed with and declared effective by the Securities and Exchange Commission under the
Securities Act of 1933, as amended, on or prior to the date of consummation of such Corporate
Transaction.

          "Related Entity” means any Parent or Subsidiary of the Company and any business,
corporation, partnership, limited liability company or other entity in which the Company or a
Parent or a Subsidiary of the Company holds a substantial ownership interest, directly or
indirectly.

          "Replaced” means that pursuant to a Corporate Transaction the Award is replaced with a
comparable stock award or a cash incentive program of the Company, the successor entity (if
applicable) or Parent of either of them which preserves the compensation element of such Award
existing at the time of the Corporate Transaction and provides for subsequent payout in accordance
with the same (or a more favorable) vesting schedule applicable to such Award. The determination
of Award comparability shall be made by the Administrator and its determination shall be final,
binding and conclusive.

          "Restricted Stock” means Shares issued under the Plan to the Grantee for such
consideration, if any, and subject to such restrictions on transfer, rights of first refusal,
repurchase provisions, forfeiture provisions, and other terms and conditions as established by the
Administrator.

          "Restricted Stock Units” means an Award which may be earned in whole or in part upon
the passage of time or the attainment of performance criteria established by the Administrator and
which may be settled for cash, Shares or other securities or a combination of cash, Shares or other
securities as established by the Administrator.

          "Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor
thereto.

          "SAR” means a stock appreciation right entitling the Grantee to Shares or cash
compensation, as established by the Administrator, measured by appreciation in the value of Common
Stock.

          "Share” means a share of the Class A Common Stock.

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          "Subsidiary” means a “subsidiary corporation”, whether now or hereafter existing, as
defined in Section 424(f) of the Code.

     Stock Subject to the Plan.

          Subject to the provisions of Section 10, below, the maximum aggregate number of Shares which
may be issued pursuant to all Awards (including Incentive Stock Options) is 3,841,615 Shares, plus
an annual increase to be added on the first business day of each fiscal year beginning with the
fiscal year commencing on January 1, 2006 equal to three percent (3%) of the number of Shares
outstanding as of such date or a lesser number of Shares determined by the Administrator.
Notwithstanding the foregoing, subject to the provisions of Section 10, below, of the number of
Shares specified above, the maximum aggregate number of Shares available for grant of Incentive
Stock Options shall be 3,800,000 Shares, plus an annual increase to be added on the first day of
each fiscal year beginning with the fiscal year commencing on January 1, 2006 equal to the lesser
of (x) 3,800,000 Shares, (y) three percent (3%) of the number of Shares outstanding as of such
date, or (z) a lesser number of Shares determined by the Administrator. The Shares to be issued
pursuant to Awards may be authorized, but unissued, or reacquired Common Stock.

          Any Shares covered by an Award (or portion of an Award) which is forfeited, canceled or
expires (whether voluntarily or involuntarily) shall be deemed not to have been issued for purposes
of determining the maximum aggregate number of Shares which may be issued under the Plan. Shares
that actually have been issued under the Plan pursuant to an Award shall not be returned to the
Plan and shall not become available for future issuance under the Plan, except that if unvested
Shares are forfeited or repurchased by the Company, such Shares shall become available for future
grant under the Plan. To the extent not prohibited by the listing requirements of The Nasdaq
National Market (or other established stock exchange or national market system on which the Common
Stock is traded) and Applicable Law, any Shares covered by an Award which are surrendered (i) in
payment of the Award exercise or purchase price or (ii) in satisfaction of tax withholding
obligations incident to the exercise of an Award shall be deemed not to have been issued for
purposes of determining the maximum number of Shares which may be issued pursuant to all Awards
under the Plan, unless otherwise determined by the Administrator.

     Administration of the Plan.

          Plan Administrator.

               Administration with Respect to Directors and Officers. Prior to the Registration
Date, with respect to grants of Awards to Directors or Employees who are also Officers or Directors
of the Company, the Plan shall be administered by (A) the Board or (B) a Committee designated by
the Board, which Committee shall be constituted in such a manner as to satisfy the Applicable Laws.
On or after the Registration Date, with respect to grants of Awards to Directors or Employees who
are also Officers or Directors of the Company, the Plan shall be administered by (A) the Board or
(B) a Committee designated by the Board, which Committee shall be constituted in such a manner as
to satisfy the Applicable Laws and to permit such grants and related transactions under the Plan to
be exempt from Section 16(b) of the Exchange Act in accordance with Rule 16b-3. Once appointed,
such Committee shall continue to serve in its designated capacity until otherwise directed by the
Board.

               Administration With Respect to Consultants and Other Employees. With respect to
grants of Awards to Employees or Consultants who are neither Directors nor Officers of the Company,
the Plan shall be administered by (A) the Board or (B) a Committee designated by the Board, which
Committee shall be constituted in such a manner as to satisfy the Applicable

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Laws. Once appointed, such Committee shall continue to serve in its designated capacity until
otherwise directed by the Board.

               Administration With Respect to Covered Employees. Notwithstanding the foregoing, as
of and after the date that the exemption for the Plan under Section 162(m) of the Code expires, as
set forth in Section 18 below, grants of Awards to any Covered Employee intended to qualify as
Performance-Based Compensation shall be made only by a Committee (or subcommittee of a Committee)
which is comprised solely of two or more Directors eligible to serve on a committee making Awards
qualifying as Performance-Based Compensation. In the case of such Awards granted to Covered
Employees, references to the “Administrator” or to a “Committee” shall be deemed to be references
to such Committee or subcommittee.

               Officer Authorization to Grant Awards. The Board may authorize one or more Officers
to grant Awards subject to such limitations as the Board determines from time to time.

          Multiple Administrative Bodies. The Plan may be administered by different bodies with
respect to Directors, Officers, Consultants, and Employees who are neither Directors nor Officers.

          Powers of the Administrator. Subject to Applicable Laws and the provisions of the
Plan (including any other powers given to the Administrator hereunder), and

except as otherwise provided by the Board, the Administrator shall have the authority, in its
discretion:

               to select the Employees, Directors and Consultants to whom Awards may be granted from time to
time hereunder;

               to determine whether and to what extent Awards are granted hereunder;

               to determine the number of Shares or the amount of other consideration to be covered by each
Award granted hereunder;

               to approve forms of Award Agreements for use under the Plan;

               to determine the terms and conditions of any Award granted hereunder;

               to grant Awards to Employees, Directors and Consultants employed outside the United States on
such terms and conditions different from those specified in the Plan as may, in the judgment of the
Administrator, be necessary or desirable to further the purpose of the Plan;

               to amend the terms of any outstanding Award granted under the Plan, provided that (A) any
amendment that would adversely affect the Grantee’s rights under an outstanding Award shall not be
made without the Grantee’s written consent, (B) the reduction of the exercise price of any Option
awarded under the Plan shall be subject to stockholder approval and (C) canceling an Option at a
time when its exercise price exceeds the Fair Market Value of the underlying Shares, in exchange
for another Option, Restricted Stock, or other Award shall be subject to stockholder approval,
unless the cancellation and exchange occurs in connection with a Corporate Transaction.

               to construe and interpret the terms of the Plan and Awards, including without limitation, any
notice of award or Award Agreement, granted pursuant to the Plan; and

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               to take such other action, not inconsistent with the terms of the Plan, as the Administrator
deems appropriate.

          Indemnification. In addition to such other rights of indemnification as they may have
as members of the Board or as Officers or Employees of the Company or a Related Entity, members of
the Board and any Officers or Employees of the Company or a Related Entity to whom authority to act
for the Board, the Administrator or the Company is delegated shall be defended and indemnified by
the Company to the extent permitted by law on an after-tax

basis against all reasonable expenses, including attorneys’ fees, actually and necessarily incurred
in connection with the defense of any claim, investigation, action, suit or proceeding, or in
connection with any appeal therein, to which they or any of them may be a party by reason of any
action taken or failure to act under or in connection with the Plan, or any Award granted
hereunder, and against all amounts paid by them in settlement thereof (provided such settlement is
approved by the Company) or paid by them in satisfaction of a judgment in any such claim,
investigation, action, suit or proceeding, except in relation to matters as to which it shall be
adjudged in such claim, investigation, action, suit or proceeding that such person is liable for
gross negligence, bad faith or intentional misconduct; provided, however, that within thirty (30)
days after the institution of such claim, investigation, action, suit or proceeding, such person
shall offer to the Company, in writing, the opportunity at the Company’s expense to defend the
same.

     Eligibility. Awards other than Incentive Stock Options may be granted to Employees,
Directors and Consultants. Incentive Stock Options may be granted only to Employees of the Company
or a Parent or a Subsidiary of the Company. An Employee, Director or Consultant who has been
granted an Award may, if otherwise eligible, be granted additional Awards. Awards may be granted
to such Employees, Directors or Consultants who are residing in non-U.S. jurisdictions as the
Administrator may determine from time to time.

     Terms and Conditions of Awards.

          Types of Awards. The Administrator is authorized under the Plan to award any type of
arrangement to an Employee, Director or Consultant that is not inconsistent with the provisions of
the Plan and that by its terms involves or might involve the issuance of (i) Shares, (ii) cash or
(iii) an Option, a SAR, or similar right with a fixed or variable price related to the Fair Market
Value of the Shares and with an exercise or conversion privilege related to the passage of time,
the occurrence of one or more events, or the satisfaction of performance criteria or other
conditions. Such awards include, without limitation, Options, SARs, sales or bonuses of Restricted
Stock, Restricted Stock Units or Dividend Equivalent Rights, and an Award may consist of one such
security or benefit, or two (2) or more of them in any combination or alternative.

          Designation of Award. Each Award shall be designated in the Award Agreement. In the
case of an Option, the Option shall be designated as either an Incentive Stock Option or a
Non-Qualified Stock Option. However, notwithstanding such designation, an Option will qualify as
an Incentive Stock Option under the Code only to the extent the $100,000 dollar limitation of
Section 422(d) of the Code is not exceeded. The $100,000 limitation of Section 422(d) of the Code
is calculated based on the aggregate Fair Market Value of the Shares subject to Options designated
as Incentive Stock Options which become exercisable for the first time by a Grantee during any
calendar year (under all plans of the Company or any Parent or Subsidiary of the Company). For
purposes of this calculation, Incentive Stock Options shall be

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taken into account in the order in which they were granted, and the Fair Market Value of the Shares
shall be determined as of the grant date of the relevant Option.

          Conditions of Award. Subject to the terms of the Plan, the Administrator shall
determine the provisions, terms, and conditions of each Award including, but not limited to, the
Award vesting schedule, repurchase provisions, rights of first refusal, forfeiture provisions, form
of payment (cash, Shares, or other consideration) upon settlement of the Award, payment
contingencies, and satisfaction of any performance criteria. The performance criteria established
by the Administrator may be based on any one of, or combination of, the following: (i) increase in
share price, (ii) earnings per share, (iii) total stockholder return, (iv) operating margin, (v)
gross margin, (vi) return on equity, (vii) return on assets, (viii) return on investment, (ix)
operating income, (x) net operating income, (xi) pre-tax profit, (xii) cash flow, (xiii) revenue,
(xiv) expenses, (xv) earnings before interest, taxes and depreciation, (xvi) economic value added
and (xvii) market share. The performance criteria may be applicable to the Company, Related
Entities and/or any individual business units of the Company or any Related Entity. Partial
achievement of the specified criteria may result in a payment or vesting corresponding to the
degree of achievement as specified in the Award Agreement.

          Acquisitions and Other Transactions. The Administrator may issue Awards under the
Plan in settlement, assumption or substitution for, outstanding awards or obligations to grant
future awards in connection with the Company or a Related Entity acquiring another entity, an
interest in another entity or an additional interest in a Related Entity whether by merger, stock
purchase, asset purchase or other form of transaction.

          Deferral of Award Payment. The Administrator may establish one or more programs under
the Plan to permit selected Grantees the opportunity to elect to defer receipt of consideration
upon exercise of an Award, satisfaction of performance criteria, or other event that absent the
election would entitle the Grantee to payment or receipt of Shares or other consideration under an
Award. The Administrator may establish the election procedures, the timing of such elections, the
mechanisms for payments of, and accrual of interest or other earnings, if any, on amounts, Shares
or other consideration so deferred, and such other terms, conditions, rules and procedures that the
Administrator deems advisable for the administration of any such deferral program.

          Separate Programs. The Administrator may establish one or more separate programs
under the Plan for the purpose of issuing particular forms of Awards to one or more classes of
Grantees on such terms and conditions as determined by the Administrator from time to time.

          Individual Option and SAR Limit. Following the date that the exemption from
application of Section 162(m) of the Code described in Section 18 (or any exemption having similar
effect) ceases to apply to Awards, the maximum number of Shares with respect to

which Options and SARs may be granted to any Grantee in any fiscal year of the Company shall be
2,000,000 Shares. In connection with a Grantee’s commencement of Continuous Service, a Grantee may
be granted Options and SARs for up to an additional 2,000,000 Shares which shall not count against
the limit set forth in the previous sentence. The foregoing limitations shall be adjusted
proportionately in connection with any change in the Company’s capitalization pursuant to Section
10, below. To the extent required by Section 162(m) of the Code or the regulations thereunder, in
applying the foregoing limitations with respect to a Grantee, if any Option or SAR is canceled, the
canceled Option or SAR shall continue to count against the maximum number of Shares with respect to
which Options and SARs may be granted to the Grantee. For this purpose,

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the repricing of an Option (or in the case of a SAR, the base amount on which the stock
appreciation is calculated is reduced to reflect a reduction in the Fair Market Value of the Common
Stock) shall be treated as the cancellation of the existing Option or SAR and the grant of a new
Option or SAR.

          Early Exercise. The Award Agreement may, but need not, include a provision whereby
the Grantee may elect at any time while an Employee, Director or Consultant to exercise any part or
all of the Award prior to full vesting of the Award. Any unvested Shares received pursuant to such
exercise may be subject to a repurchase right in favor of the Company or a Related Entity or to any
other restriction the Administrator determines to be appropriate.

          Term of Award. The term of each Award shall be the term stated in the Award
Agreement, provided, however, that the term of an Incentive Stock Option shall be no more than ten
(10) years from the date of grant thereof. However, in the case of an Incentive Stock Option
granted to a Grantee who, at the time the Option is granted, owns stock representing more than ten
percent (10%) of the voting power of all classes of stock of the Company or any Parent or
Subsidiary of the Company, the term of the Incentive Stock Option shall be five (5) years from the
date of grant thereof or such shorter term as may be provided in the Award Agreement.
Notwithstanding the foregoing, the specified term of any Award shall not include any period for
which the Grantee has elected to defer the receipt of the Shares or cash issuable pursuant to the
Award.

          Transferability of Awards. Incentive Stock Options may not be sold, pledged,
assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws
of descent or distribution and may be exercised, during the lifetime of the Grantee, only by the
Grantee. Non-Qualified Stock Options and other Awards shall be transferable (i) by will or by the
laws of descent and distribution and (ii) during the lifetime of the Grantee, to the extent and in
the manner authorized by the Administrator. Notwithstanding the foregoing, the Grantee may
designate one or more beneficiaries of the Grantee’s Award in the event of the Grantee’s death on a
beneficiary designation form provided by the Administrator.

          Time of Granting Awards. The date of grant of an Award shall for all purposes be the
date on which the Administrator makes the determination to grant such Award, or such other later
date as is determined by the Administrator.

     Award Exercise or Purchase Price, Consideration and Taxes.

          Exercise or Purchase Price. The exercise or purchase price, if any, for an Award
shall be as follows:

               In the case of an Incentive Stock Option:

                    granted to an Employee who, at the time of the grant of such Incentive Stock Option owns stock
representing more than ten percent (10%) of the voting power of all classes of stock of the Company
or any Parent or Subsidiary of the Company, the per Share exercise price shall be not less than one
hundred ten percent (110%) of the Fair Market Value per Share on the date of grant; or

                    granted to any Employee other than an Employee described in the preceding paragraph, the per
Share exercise price shall be not less than one hundred percent (100%) of the Fair Market Value per
Share on the date of grant.

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               In the case of a Non-Qualified Stock Option, the per Share exercise price shall be not less
than eighty-five percent (85%) of the Fair Market Value per Share on the date of grant unless
otherwise determined by the Administrator.

               In the case of Awards intended to qualify as Performance-Based Compensation, the exercise or
purchase price, if any, shall be not less than one hundred percent (100%) of the Fair Market Value
per Share on the date of grant.

               In the case of other Awards, such price as is determined by the Administrator.

               Notwithstanding the foregoing provisions of this Section 7(a), in the case of an Award issued
pursuant to Section 6(d), above, the exercise or purchase price for the Award shall be determined
in accordance with the provisions of the relevant instrument evidencing the agreement to issue such
Award.

          Consideration. Subject to Applicable Laws, the consideration to be paid for the
Shares to be issued upon exercise or purchase of an Award including the method of payment, shall be
determined by the Administrator. In addition to any other types of consideration the Administrator
may determine, the Administrator is authorized to accept as consideration for Shares issued under
the Plan the following provided that the portion of the

consideration equal to the par value of the Shares must be paid in cash or other legal
consideration permitted by the Delaware General Corporation Law:

               cash;

               check;

               delivery of Grantee’s promissory note with such recourse, interest, security, and redemption
provisions as the Administrator determines as appropriate (but only to the extent that the
acceptance or terms of the promissory note would not violate an Applicable Law);

               if the exercise or purchase occurs on or after the Registration Date, surrender of Shares or
delivery of a properly executed form of attestation of ownership of Shares as the Administrator may
require which have a Fair Market Value on the date of surrender or attestation equal to the
aggregate exercise price of the Shares as to which said Award shall be exercised, provided,
however, that Shares acquired under the Plan or any other equity compensation plan or agreement of
the Company must have been held by the Grantee for a period of more than six (6) months (and not
used for another Award exercise by attestation during such period);

               with respect to Options, if the exercise occurs on or after the Registration Date, payment
through a broker-dealer sale and remittance procedure pursuant to which the Grantee (A) shall
provide written instructions to a Company designated brokerage firm to effect the immediate sale of
some or all of the purchased Shares and remit to the Company sufficient funds to cover the
aggregate exercise price payable for the purchased Shares and (B) shall provide written directives
to the Company to deliver the certificates for the purchased Shares directly to such brokerage firm
in order to complete the sale transaction; or

               any combination of the foregoing methods of payment.

11

 

The Administrator may at any time or from time to time, by adoption of or by amendment to the
standard forms of Award Agreement described in Section 4(c)(iv), or by other means, grant Awards
which do not permit all of the foregoing forms of consideration to be used in payment for the
Shares or which otherwise restrict one or more forms of consideration.

          Taxes. No Shares shall be delivered under the Plan to any Grantee or other person
until such Grantee or other person has made arrangements acceptable to the Administrator for the
satisfaction of any non-U.S., federal, state, or local income and employment tax withholding
obligations, including, without limitation, obligations incident to the receipt of Shares. Upon
exercise or vesting of an Award the Company shall withhold or collect from Grantee an amount
sufficient to satisfy such tax obligations, including, but not limited too, by surrender of the
whole number of Shares covered by the Award sufficient to

satisfy the minimum applicable tax withholding obligations incident to the exercise or vesting of
an Award.

     Exercise of Award.

          Procedure for Exercise; Rights as a Stockholder

               Any Award granted hereunder shall be exercisable at such times and under such conditions as
determined by the Administrator under the terms of the Plan and specified in the Award Agreement.

               An Award shall be deemed to be exercised when written notice of such exercise has been given
to the Company in accordance with the terms of the Award by the person entitled to exercise the
Award and full payment for the Shares with respect to which the Award is exercised has been made,
including, to the extent selected, use of the broker-dealer sale and remittance procedure to pay
the purchase price as provided in Section 7(b)(v).

          Exercise of Award Following Termination of Continuous Service.

               An Award may not be exercised after the termination date of such Award set forth in the Award
Agreement and may be exercised following the termination of a Grantee’s Continuous Service only to
the extent provided in the Award Agreement.

               Where the Award Agreement permits a Grantee to exercise an Award following the termination of
the Grantee’s Continuous Service for a specified period, the Award shall terminate to the extent
not exercised on the last day of the specified period or the last day of the original term of the
Award, whichever occurs first.

               Any Award designated as an Incentive Stock Option to the extent not exercised within the time
permitted by law for the exercise of Incentive Stock Options following the termination of a
Grantee’s Continuous Service shall convert automatically to a Non-Qualified Stock Option and
thereafter shall be exercisable as such to the extent exercisable by its terms for the period
specified in the Award Agreement.

     Conditions Upon Issuance of Shares.

          Shares shall not be issued pursuant to the exercise of an Award unless the exercise of such
Award and the issuance and delivery of such Shares pursuant thereto shall comply with all
Applicable Laws, and shall be further subject to the approval of counsel for the Company with
respect to such compliance.

12

 

          As a condition to the exercise of an Award, the Company may require the person exercising such
Award to represent and warrant at the time of any such exercise that the

Shares are being purchased only for investment and without any present intention to sell or
distribute such Shares if, in the opinion of counsel for the Company, such a representation is
required by any Applicable Laws.

     Adjustments Upon Changes in Capitalization. Subject to any required action by the
stockholders of the Company, the number of Shares covered by each outstanding Award, and the number
of Shares which have been authorized for issuance under the Plan but as to which no Awards have yet
been granted or which have been returned to the Plan, the exercise or purchase price of each such
outstanding Award, the maximum number of Shares with respect to which Options and SARs may be
granted to any Grantee in any fiscal year of the Company, as well as any other terms that the
Administrator determines require adjustment shall be proportionately adjusted for (i) any increase
or decrease in the number of issued Shares resulting from a stock split, reverse stock split, stock
dividend, combination or reclassification of the Shares, or similar transaction affecting the
Shares, (ii) any other increase or decrease in the number of issued Shares effected without receipt
of consideration by the Company, or (iii) as the Administrator may determine in its discretion, any
other transaction with respect to Common Stock including a corporate merger, consolidation,
acquisition of property or stock, separation (including a spin-off or other distribution of stock
or property), reorganization, liquidation (whether partial or complete) or any similar transaction;
provided, however that conversion of any convertible securities of the Company shall not be deemed
to have been “effected without receipt of consideration.” Such adjustment shall be made by the
Administrator and its determination shall be final, binding and conclusive. Except as the
Administrator determines, no issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall affect, and no adjustment by reason hereof
shall be made with respect to, the number or price of Shares subject to an Award.

     Corporate Transactions and Changes in Control.

          Termination of Award to Extent Not Assumed in Corporate Transaction. Effective upon
the consummation of a Corporate Transaction, all outstanding Awards under the Plan shall terminate.
However, all such Awards shall not terminate to the extent they are Assumed in connection with the
Corporate Transaction.

          No Acceleration of Award Upon Corporate Transaction or Change in Control. Except as
provided otherwise in an individual Award Agreement, in the event of any Corporate Transaction or
Change in Control, there will not be any acceleration of vesting or exercisability of any Award.

     Effective Date and Term of Plan. The Plan shall become effective upon the earlier to
occur of its adoption by the Board or its approval by the stockholders of the Company. It shall
continue in effect for a term of ten (10) years unless sooner terminated. Subject to

13

 

Section 17 below, and Applicable Laws, Awards may be granted under the Plan upon its becoming
effective.

     Amendment, Suspension or Termination of the Plan.

          The Board may at any time amend, suspend or terminate the Plan; provided, however, that no
such amendment shall be made without the approval of the Company’s stockholders to the extent such
approval is required by Applicable Laws, or if such amendment would lessen the stockholder approval
requirements of Section 4(c)(vii) or this Section 13(a).

          No Award may be granted during any suspension of the Plan or after termination of the Plan.

          No suspension or termination of the Plan (including termination of the Plan under Section 12,
above) shall adversely affect any rights under Awards already granted to a Grantee.

     Reservation of Shares.

          The Company, during the term of the Plan, will at all times reserve and keep available such
number of Shares as shall be sufficient to satisfy the requirements of the Plan.

          The inability of the Company to obtain authority from any regulatory body having jurisdiction,
which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale
of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to
issue or sell such Shares as to which such requisite authority shall not have been obtained.

     No Effect on Terms of Employment/Consulting Relationship. The Plan shall not confer
upon any Grantee any right with respect to the Grantee’s Continuous Service, nor shall it interfere
in any way with his or her right or the right of the Company or any Related Entity to terminate the
Grantee’s Continuous Service at any time, with or without Cause, and with or without notice. The
ability of the Company or any Related Entity to terminate the employment of a Grantee who is
employed at will is in no way affected by its determination that the Grantee’s Continuous Service
has been terminated for Cause for the purposes of this Plan.

     No Effect on Retirement and Other Benefit Plans. Except as specifically provided in a
retirement or other benefit plan of the Company or a Related Entity, Awards shall not be deemed
compensation for purposes of computing benefits or contributions under any retirement plan of the
Company or a Related Entity, and shall not affect any benefits under any other benefit plan of any
kind or any benefit plan subsequently instituted under which the availability or

amount of benefits is related to level of compensation. The Plan is not a “Retirement Plan” or
“Welfare Plan” under the Employee Retirement Income Security Act of 1974, as amended.

     Stockholder Approval. The grant of Incentive Stock Options under the Plan, excluding
Incentive Stock Options issued in substitution for outstanding Incentive Stock Options pursuant to
Section 424(a) of the Code, shall be subject to approval of the Plan by the stockholders of the
Company within twelve (12) months before or after the date the Plan is adopted. Such stockholder
approval shall be obtained in the degree and manner required under Applicable Laws. The
Administrator may grant Incentive Stock Options under the Plan prior to approval by the
stockholders, but until such approval is obtained, no such Incentive Stock Option shall be

14

 

exercisable. In the event that stockholder approval is not obtained within the twelve (12)
month period provided above, all Incentive Stock Options previously granted under the Plan shall be
exercisable as Non-Qualified Stock Options.

     Effect of Section 162(m) of the Code. Section 162(m) of the Code does not apply to
the Plan prior to the Registration Date or such earlier time that the Company first becomes subject
to the reporting obligations of Section 12 of the Exchange Act. Following the Registration Date or
such earlier time that the Company first becomes subject to the reporting obligations of Section 12
of the Exchange Act, the Plan, and all Awards (except Awards of Restricted Stock that vest over
time) issued thereunder, are intended to be exempt from the application of Section 162(m) of the
Code, which restricts under certain circumstances the Federal income tax deduction for compensation
paid by a public company to named executives in excess of $1 million per year. The exemption is
based on Treasury Regulation Section 1.162-27(f), in the form existing on the effective date of the
Plan, with the understanding that such regulation generally exempts from the application of Section
162(m) of the Code compensation paid pursuant to a plan that existed before a company becomes
publicly held. Under such Treasury Regulation, this exemption is available to the Plan for the
duration of the period that lasts until the earliest of (i) the expiration of the Plan, (ii) the
material modification of the Plan, (iii) the exhaustion of the maximum number of shares of Common
Stock available for Awards under the Plan, as set forth in Section 3(a), (iv) the first meeting of
shareholders at which directors are to be elected that occurs after the close of the third calendar
year following the calendar year in which the Company first becomes subject to the reporting
obligations of Section 12 of the Exchange Act, or (v) such other date required by Section 162(m) of
the Code and the rules and regulations promulgated thereunder. To the extent that the
Administrator determines as of the date of grant of an Award that (i) the Award is intended to
qualify as Performance-Based Compensation and (ii) the exemption described above is no longer
available with respect to such Award, such Award shall not be effective until any stockholder
approval required under Section 162(m) of the Code has been obtained.

     Unfunded Obligation. Grantees shall have the status of general unsecured creditors of
the Company. Any amounts payable to Grantees pursuant to the Plan shall be unfunded and unsecured
obligations for all purposes, including, without limitation, Title I of the

Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related
Entity shall be required to segregate any monies from its general funds, or to create any trusts,
or establish any special accounts with respect to such obligations. The Company shall retain at
all times beneficial ownership of any investments, including trust investments, which the Company
may make to fulfill its payment obligations hereunder. Any investments or the creation or
maintenance of any trust or any Grantee account shall not create or constitute a trust or fiduciary
relationship between the Administrator, the Company or any Related Entity and a Grantee, or
otherwise create any vested or beneficial interest in any Grantee or the Grantee’s creditors in any
assets of the Company or a Related Entity. The Grantees shall have no claim against the Company or
any Related Entity for any changes in the value of any assets that may be invested or reinvested by
the Company with respect to the Plan.

     Construction. Captions and titles contained herein are for convenience only and shall
not affect the meaning or interpretation of any provision of the Plan. Except when otherwise
indicated by the context, the singular shall include the plural and the plural shall include the
singular. Use of the term “or” is not intended to be exclusive, unless the context clearly
requires otherwise.

15exv10w14

Exhibit 10.14

RSC Non-Qualified Deferred Compensation

Savings Plan

As Amended and Restated

Adopted on July 24, 2008

Effective June 13, 2006

-i-

 

RSC Non-Qualified Deferred Compensation Savings Plan

Effective June 13, 2006

Table of Contents

	 	 	 	 	 	 	 
	PREAMBLE	 	 	1	 
	 
	 	 	 	 	 	 
	ARTICLE 1. DEFINITIONS	 	 	1	 
	 
	 	 	 	 	 	 
	1.1
	 	Administrator	 	 	1	 
	1.2
	 	Beneficiary	 	 	1	 
	1.3
	 	Code	 	 	1	 
	1.4
	 	Compensation	 	 	1	 
	1.5
	 	Deferral	 	 	1	 
	1.6
	 	Deferral Account	 	 	1	 
	1.7
	 	Deferral Election	 	 	2	 
	1.8
	 	Disability	 	 	2	 
	1.9
	 	Earnings	 	 	2	 
	1.10
	 	ERISA	 	 	2	 
	1.11
	 	Identification Date	 	 	2	 
	1.12
	 	Key Employee	 	 	2	 
	1.13
	 	Participant	 	 	2	 
	1.14
	 	Payout Election	 	 	2	 
	1.15
	 	Performance-Based Compensation	 	 	2	 
	1.16
	 	Plan	 	 	2	 
	1.17
	 	Plan Year	 	 	3	 
	1.18
	 	Reference Investment Fund	 	 	3	 
	1.19
	 	Retirement	 	 	3	 
	1.20
	 	RSC	 	 	3	 
	1.21
	 	Termination of Employment	 	 	3	 
	1.22
	 	Unforeseeable Emergency	 	 	3	 
	1.23
	 	Valuation Date	 	 	3	 
	 
	 	 	 	 	 	 
	ARTICLE 2 ELIGIBILITY, PARTICIPATION AND DEFERRALS	 	 	3	 
	 
	 	 	 	 	 	 
	2.1
	 	Eligibility to Participate	 	 	3	 
	2.2
	 	Commencement of Participation	 	 	3	 
	2.3
	 	Termination of Participation	 	 	4	 
	2.4
	 	Election to Defer Compensation and Related Matters	 	 	4	 
	2.5
	 	Cancellation of Election	 	 	5	 
	 
	 	 	 	 	 	 
	ARTICLE 3 DEFERRAL ACCOUNTS	 	 	5	 
	 
	 	 	 	 	 	 
	3.1
	 	Allocation to Deferral Accounts	 	 	6	 
	3.2
	 	Discretionary Employer Contribution	 	 	6	 
	3.3
	 	Investment Direction of Reference Accounts	 	 	6	 
	3.4
	 	Changes of Investment Funds	 	 	6	 
	3.5
	 	Crediting of Earnings, Gains and Losses to Deferral Accounts	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE 4 DISTRIBUTIONS	 	 	7	 
	 
	 	 	 	 	 	 
	4.1
	 	Payout Election	 	 	7	 
	4.2
	 	Event of Distribution and Payment Dates	 	 	8	 
	4.3
	 	Method of Distribution	 	 	8	 
	4.4
	 	Valuation of the Deferral Account	 	 	9	 
	4.5
	 	Distribution Due to an Unforeseeable Emergency	 	 	9	 
	4.6
	 	Administrator’s Delay or Acceleration of Payment	 	 	9	 
	4.7
	 	Withholding for Taxes	 	 	9	 

 

 

	 	 	 	 	 	 	 
	4.8
	 	Payment to Guardian	 	 	10	 
	4.9
	 	Cooperation; Receipt on Release	 	 	10	 
	4.10
	 	Missing Participant or Beneficiary	 	 	10	 
	 
	 	 	 	 	 	 
	ARTICLE 5 ADMINISTRATION	 	 	10	 
	 
	 	 	 	 	 	 
	5.1
	 	Administration	 	 	10	 
	5.2
	 	Claims Procedure	 	 	11	 
	5.3
	 	Arbitration of Disputes	 	 	11	 
	 
	 	 	 	 	 	 
	ARTICLE 6 MISCELLANEOUS	 	 	11	 
	 
	 	 	 	 	 	 
	6.1
	 	No Rights to Assets, No Assignment, No Alienation	 	 	11	 
	6.2
	 	Not a Contract of Employment	 	 	11	 
	6.3
	 	No Representations	 	 	12	 
	6.4
	 	Amendment or Termination	 	 	12	 
	6.5
	 	Severability	 	 	12	 
	6.6
	 	Notice	 	 	12	 
	6.7
	 	Obligation of Successors	 	 	12	 
	6.8
	 	Choice of Law	 	 	12	 

 

 

PREAMBLE

RSC Equipment Rental, Inc. (“RSC”) hereby amends and restates the RSC Non-Qualified Deferred
Compensation Savings Plan (“Plan”), with retroactive effect to June 13, 2006. This Plan is
intended to (a) be an unfunded, non-qualified deferred compensation plan which is maintained for
the benefit of a select group of management or highly compensated employees, as described in ERISA
Sections 201(2), 301(a)(3), and 401(a)(1), and (b) comply with the requirements of Code Section
409A (including the final Treasury Regulations issued thereunder).

ARTICLE 1. DEFINITIONS

	1.1	 	“Administrator” means the RSC Benefits Committee under the direction of the Compensation
Committee of the Board of Directors. The RSC Benefits Committee is responsible for and has the
maximum legal authority for the approval of all discretionary matters under the terms of the Plan
and for all aspects of interpretation and administration of the Plan.
	 
	1.2	 	“Beneficiary” means the person(s) or entity(ies) designated by a Participant to receive any
payment due under the Plan following the Participant’s death. A Beneficiary designation will be
valid only if it is made in the form and manner required by the Administrator and is submitted to
the Administrator prior to the Participant’s death. Absent a valid Beneficiary designation, the Participant’s estate will be deemed to the
Participant’s Beneficiary.
	 
	1.3	 	“Code” means the Internal Revenue Code of 1986, as amended, including regulations and other
guidance issued thereunder by the Department of Treasury. All references to Code and Treasury
Regulation sections include any modification that is subsequently made to the referenced section
due to a statutory or regulatory change.
	 
	1.4	 	“Compensation” means the base salary, commissions, and Performance-Based Compensation earned by
a Participant in a given calendar year. Compensation for a calendar year will be determined before
reduction for amounts deferred under this Plan for that calendar year. Compensation for a calendar
year also will include amounts that, for that calendar year, are excludible from the Participant’s
gross income under Code Sections 125, 132(f)(4), 402(e)(3), 402(h), 403(b), and 408(p) and
contributed by the Employer, at the Participant’s election, to a cafeteria plan, a qualified
transportation fringe benefit plan, a 401(k) arrangement, a SEP, a tax sheltered annuity, or a
SIMPLE plan maintained by the Employer or any parent, subsidiary or affiliate of the Employer.
	 
	1.5	 	“Deferral” means the amount that a Participant elects to have withheld from his or her
Compensation in accordance with Section 2.4.
	 
	1.6	 	“Deferral Account” means the bookkeeping account established and maintained by RSC to record a
Participant’s cumulative Deferrals under the terms of this Plan, plus any adjustments due to
Earnings, plus any discretionary contributions made by the Employer in accordance with Section 3.2.
A Participant’s Deferral Account may be divided into subaccounts.

-1-

 

	1.7	 	“Deferral Election” means an election made by a Participant, in accordance with Section 2.4, to
make a Deferral under the Plan.
	 
	1.8	 	“Disability” means a condition of a Participant which, by reason of any medically determinable
physical or mental impairment which can be expected to result in death or can be expected to last
for a continuous period of not less than 12 months, results in the Participant’s being unable to
engage in any substantial gainful activity or the Participant’s receiving income replacement
benefits for a period of not less than three months under an accident and health plan covering
employees of RSC. A Participant’s Disability must be established by a qualified, licensed physician
who is acceptable to the Administrator.
Alternatively, the Administrator will accept, as evidence of the Participant’s Disability, a copy
of the Social Security Administration’s written determination that the Participant is totally
disabled or a written determination that the Participant is disabled in accordance with a
disability insurance program (but only if the definition of “disability” applied under the
disability insurance program meets the definition of Disability set forth in the first sentence of
this Section).
	 
	1.9	 	“Earnings” mean the income, gains or losses credited to or debited from the Participant’s
Deferral Account in accordance with Section 3.5.
	 
	1.10	 	“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, including
regulations or other applicable guidance issued thereunder by the Department of Labor. All
references to ERISA and Department of Labor Regulation sections include any modification that is
subsequently made to the referenced section due to a statutory or regulatory change.
	 
	1.11	 	“Identification Date” means December 31.
	 
	1.12	 	“Key Employee” means an employee who is a “key employee” as defined in Code Section 416(i)
without regard to Code Section 416(i)(5). If an employee meets the definition of Key Employee as of
an Identification Date or during the 12-month period ending on the Identification Date, the
Employee will be a Key Employee for the 12-month period that begins on the first day of the first
month immediately following the Identification Date.
	 
	1.13	 	“Participant” means any individual who, for a given Plan Year, commences participation in the
Plan in accordance with Section 2.2.
	 
	1.14	 	“Payout Election” means an election made by a Participant, in accordance with Section 4.1,
with respect to the time and method of payment.
	 
	1.15	 	“Performance-Based Compensation” means any compensation that is payable in cash and is
“performance-based compensation” as defined in Treasury Regulation Section 1.409A-1(e).
	 
	1.16	 	“Plan” means this RSC Deferred Compensation Savings Plan, as contained herein and as may be
amended hereafter in accordance with Section 6.4.

-2-

 

	1.17	 	“Plan Year” means the 12-month period beginning each January 1 and ending on the following
December 31 of each year during which the Plan is in effect; provided, however, that the first Plan
Year was the period beginning June 13, 2006 and ending on December 31, 2006.
	 
	1.18	 	“Reference Investment Fund” means any of the investment funds that may be designated by
Participants as deemed investments for purposes of calculating Earnings to be credited to or
debited from their Deferral Accounts.
	 
	1.19	 	“Retirement” means a Participant’s Termination of Employment that occurs on or after the date
on which the sum of the Participant’s age and years of service with RSC or a related company is 65.
For purposes of this definition, a Participant will be credited with one “year of service” for
each 12-month period, starting from the Participant’s date of hire, during which the Participant is
continuously employed by RSC or a related company. Also for purposes of this definition, a
“related company” is any other company that is determined to be related to RSC in the sole
discretion of the Administrator.
	 
	1.20	 	“RSC Common Stock” means the common stock of RSC Holdings, Inc., which is the parent company
of RSC..
	 
	1.21	 	“Termination of Employment” means a Participant’s separation from service with the Employer
(whether initiated by the Participant or the Employer) as defined in Treasury Regulation Section
1.409A-1(h).
	 
	1.22	 	“Unforeseeable Emergency” means a severe financial hardship to a Participant resulting from an
illness or accident of the Participant or the Participant’s spouse, Beneficiary, or dependent (as
defined in Code Section 152, without regard to 152(b)(1), (b)(2) and(d)(1)(B)), loss of the
Participant’s property due to casualty (including the need to rebuild a home following damage not
otherwise covered by insurance, for example, as a result of a natural disaster), or other similar
extraordinary and unforeseeable circumstances arising as a result of events beyond the control of
the Participant. Whether a Participant has suffered an Unforeseeable Emergency will be determined
by the Administrator in accordance with Treasury Regulation Section 1.409A-3(i)(3).
	 
	1.23	 	“Valuation Date” means the date on which a Participant’s Deferral Account is valued, in
accordance with Section 4.4

ARTICLE 2. ELIGIBILITY, PARTICIPATION AND DEFERRALS

	2.1	 	Eligibility to Participate. Any employee of RSC who is in a select group of management or
highly compensated employees, as defined in the Plan’s Preamble, who meets any other criteria
established by the Administrator, and who is designed by the Administrator as eligible to
participate will be eligible to participate effective on the date declared by the Administrator.
	 
	2.2	 	Commencement of Participation. To become a Participant in the Plan, an eligible employee must
either make a Deferral Election in accordance with Section 2.4 or have a discretionary employer
contribution made on his or her behalf pursuant to Section 3.2.

-3-

 

	 	 	An eligible employee will become a Participant in the Plan as of the earlier of: (a) the effective
date of his or her first Deferral Election under Section 2.4, or (b) when the first discretionary
employer contribution is made on his or her behalf under Section 3.2.

	2.3	 	Termination of Participation. A Participant will cease to be a Participant in the Plan when his
or her Deferral Account is paid in full in accordance with Article 4 and/or forfeited in accordance
with Section 3.2. Prior to then, if a Participant remains employed by RSC but the Administrator
determines that the Participant is no longer eligible to participate in the Plan, the Participant
will become an inactive Participant. An inactive Participant is not eligible to make Deferral
Elections under the Plan; however, any Deferral Election which is in effect at the time the
Participant becomes an inactive Participant will remain in effect for the duration of the Plan Year
to which that Deferral Election relates and his or her Deferred Account will be paid in accordance
with Article 4.
	 
	2.4	 	Election to Defer Compensation and Related Matters. A Participant may elect to defer
Compensation under the Plan by filing a Deferral Election in accordance with the requirements of
this Section 2.4 and any administrative rules that the Administrator, in its sole and absolute
discretion, may establish which are not inconsistent with the requirements of Code Section 409A.

	 	(a)	 	Minimum/Maximum Amounts. A Deferral Election must indicate the percentage amount to be deferred
from: base salary, which must be at least 2% but no more than 100%; monthly commissions, which must
be at least 1% but no more than 100%; variable compensation, which must be at least 1% but no more
than 100%; and/or Performance-Based Compensation, which must be at least 1% but no more than 100%.
	 
	 	(b)	 	General Rule/Annual Elections. For any Plan Year that a Participant remains eligible to
participate in the Plan, the Participant may elect to defer Compensation by submitting a valid
Deferral Election during the annual open enrollment period which shall occur before the first day
of the Plan Year during which Compensation to be deferred will be earned by the Participant. If a
valid Deferral Election is timely submitted, it will be effective only for the Plan Year for which
it was made and only for Compensation earned during that Plan Year, and it will become effective
and irrevocable (except as otherwise provided in Section 2.5) as of the first day of that Plan
Year. If a Participant does not timely submit a valid Deferral Election for Compensation to be
earned during a Plan Year, he or she cannot defer any Compensation to be earned during that Plan
Year, except as permitted under Section 2.4(c) for newly eligible Participants or under Section
2.4(d) for Performance-Based Compensation. Compensation comprised of commissions and other variable
compensation calculated based on results or performance over a period of less than 12 months will
be subject to the general rule of this Section 2.4(b).
	 
	 	 	 	For purposes of the first Plan Year (June 13, 2006 to December 31, 2006) the elections made under
any predecessor plan (including any Payout Elections) shall be carried over and be deemed effective
under this Plan.

-4-

 

	 	(c)	 	First Year of Eligibility. In the case of the first Plan Year during which a Participant first
becomes eligible to participate in this Plan, the Participant may elect to defer Compensation to be
earned during that Plan Year (and after the date of the Deferral Election) by submitting a valid
Deferral Election within 30 days of the date on which the Participant first becomes eligible to
participate. If a valid Deferral Election is timely submitted, it will be effective only for the
remainder of the Plan Year during which it was made and only for Compensation earned during the
period beginning on the day following the date on which the Deferral Election is made and ending on
the last day of that Plan Year. In addition, a valid Deferral Election that is timely submitted
under this Section 2.4(c) will become effective on the first payroll period that begins after the
date on which the Deferral Election is made, such that the Deferral Election shall not apply to any
Compensation earned on or before the date on which the Deferral Election is made, and, except as
otherwise provided in Section 2.5, will become irrevocable as of the 31st day following the date on
which the Participant first becomes eligible to participate. If a Participant does not timely
submit a valid Deferral Election for Compensation to be earned during his or her initial Plan Year,
he or she cannot defer any Compensation to be earned during that Plan Year, except as permitted
under Section 2.4(d) for Performance-Based Compensation.
	 
	 	(d)	 	Deferral of Performance-Based Compensation. This Section 2.4(d) is effective only with respect
to Plan Years beginning before January 1, 2009 and shall not apply to any Plan Year beginning on or
after January 1, 2009. An eligible Participant may elect to defer Performance Based Compensation
for a performance period by submitting a valid Deferral Election (1) before the date on which the
Performance Based-Compensation becomes readily ascertainable and (2) on or before the date that is
six months before the end of the performance period. To be eligible to defer Performance-Based
Compensation for a performance period under this Section 2.4(d), a Participant must have performed
services for RSC continuously from the later of the first day of that performance period or the
date the performance criteria were established for that performance period through the date the
Deferral Election is made. If a valid Deferral Election is timely submitted, it will be effective
only for the performance period for which it was made and only with respect to Performance-Based
Compensation to be earned for that performance period. In addition, except as otherwise provided in
Section 2.5, the Deferral Election will become irrevocable as of the last day the Deferral Election
may be made under this Section 2.4(d). If the Participant does not make a timely Deferral Election
for Performance-Based Compensation for a performance period, he or she cannot defer under the Plan
any Performance-Based Compensation to be earned for that performance period.

	2.5	 	Cancellation of Election. If a Participant receives a distribution under Section 4.5 due to an
Unforeseeable Emergency, his or her Deferral Election then in effect will be cancelled. Any new
Deferral Election must be made in accordance with Sections 2.4(b) or (d). In all other cases, once
a Deferral Election becomes irrevocable under Section 2.4, that Deferral Election cannot be
cancelled or changed.

ARTICLE 3. DEFERRAL ACCOUNTS

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	3.1	 	Allocation to Deferral Accounts. As of the date a Participant would have received Compensation
but for his or her Deferral Election, the Participant’s Deferral will be credited to the
Participant’s Deferral Account. All Deferrals (and Earnings thereon) are immediately and fully
(i.e., 100%) vested.
	 
	3.2	 	Discretionary Employer Contribution. RSC may (but is not required to) contribute, in its sole
and absolute discretion, additional amounts to the Participant’s Deferral Account. Any amounts
contributed in accordance with this Section and the Earnings thereon will be subject to the
following vesting schedule: 0% vested if less than 1 year of service, 25% vested at 1 year of
service, 50% vested at 2 years of service, 75% at 3 years of service, and 100% vested at 4 years of
service. For this purpose, a Participant will be credited with one year of service for each
12-month period, starting from the Participant’s date of hire, during which the Participant is
continuously employed by RSC or a related company (as determined by the Administrator). The
Participant is responsible for paying Social Security and Medicare taxes on the contribution
amounts during the year in which any employer contribution becomes vested and at any other time
such taxes may be due. Any amounts contributed in accordance with this Section and the Earnings
thereon will be subject to all of the terms of the Deferral Election submitted for the Plan Year
for which the amounts are contributed. If any amounts are contributed under this Section for a Plan
Year for which no Deferral Election was made, then for purposes of Article 4, the deemed Payout
Election will be payment at Retirement in the form of a single lump sum payment. Any amounts
contributed in accordance with this Section and the Earnings thereon which are not fully vested
when a distribution of such amounts is to occur in accordance with Section 4.2 will be forfeited as
of the date the distribution of the vested portion occurs. Forfeitures will first be used to offset
administrative expenses and then be used to reduce any discretionary employer contribution under
this Section. Any remaining forfeitures will be returned to RSC after all payments required under
this Plan have been made.
	 
	3.3	 	Investment Direction of Reference Accounts. Each Participant may designate from time to time,
in the form and manner required by the Administrator, that all or a portion of his Deferrals be
deemed to be invested in one or more Reference Investment Funds. A schedule listing the available
Reference Investment Funds, and their investment objectives, will be given to Participants prior to
making their Deferral Elections. Certain Participants were previously given an opportunity to elect
to have all or a portion of their Deferrals be deemed to be invested in RSC Common Stock. To the
extent a Participant previously made this election, the Reference Investment Fund will be deemed to
be RSC
Common Stock.
	 
	3.4	 	Changes of Investment Funds. Any Participant who has made an initial election of deemed
Reference Investment Funds for future Deferrals may subsequently change that election daily. In
addition, the Participant may also reallocate his or her designation of Investment Funds to other
Investment Funds offered under the Plan on a daily basis (subject to any limitations imposed by the
Investment Funds). Notwithstanding the foregoing, to the extent a Participant previously elected to
have all or a portion of his Deferrals be deemed to be invested in RSC Common Stock, such that RSC
Common Stock is the Reference Investment Fund, that election cannot be changed without the
Administrator’s written consent.

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	3.5	 	Crediting of Earnings, Gains and Losses to Deferral Accounts. The Participant’s Deferral
Account will be credited or debited with the net Earnings thereon on a daily basis. The
Administrator will provide each Participant, on a quarterly basis, a statement showing the amount
credited to the Participant’s Deferral Account.

ARTICLE 4. DISTRIBUTIONS

	4.1	 	Payout Election. At the same time a Participant makes a Deferral Election, he or she must elect
how and when payment will be made (“Payout Election”). The Payout Election (whether affirmatively
made or by default) will apply to the Compensation deferred under the related Deferral Election,
any amounts contributed in accordance with Section 3.3 for the Plan Year to which the Deferral
Election relates, and Earnings thereon. The Payout Election must specify (a) whether payment is to
occur on (i) a specified in-service distribution date (which must be the first day of a specified
month and year) or (ii) Retirement (in which case payment will be made within 90 days after
Retirement (“Specified Payment Date”), or, if applicable, following the 6-month delay described in
Section 4.2, and (b) whether payment is to be made in the form of (i) a single lump sum payment or
(ii) annual installments over a specified number of years which must be at least two but no more
than ten (“Payment Method”). If no election is made, the Participant will be deemed to have elected
payment at Retirement in the form of a single lump sum payment. Changes to a Payout Election are
only permitted in accordance with Section 4.1(a) or (b), whichever is applicable. Notwithstanding
any contrary provision of this Section 4.1(a), or of a Participant’s payout election, if the
aggregate value of a Participant’s Deferral Account at the relevant Payment Date is no greater than
the then-applicable dollar limit under Code Section 402(g)(1)(B), the Participant’s Deferral
Account shall be paid in the form of a single lump sum payment; provided, however, that payment
will only be made in accordance with this sentence if it results in the termination and liquidation
of the Participant’s entire interest under the Plan, and under all agreements, methods, programs or
other arrangements with respect to which deferrals of compensation are treated as having been
deferred under a single nonqualified deferred compensation plan under Treasury Regulation
1.409A-1(c)(2).

	 	(a)	 	Changing a Retirement Payout Election. If the Specified Payment Date is Retirement, a
Participant may change the Payment Method for that Specified Payment Date by submitting a change in
the form and manner required by the Administrator. A change will not become effective until 12
months after the date on which the change is submitted. Once a change becomes effective, the
Specified Payment Date will automatically be postponed by five years. While a Participant may make
one or more changes to a retirement Payout Election, each change will postpone the Specified
Payment Date by an additional five years, and each change will not become effective until 12 months
after the date on which the change is submitted.
	 
	 	(b)	 	Changing an In-Service Distribution Payout Election. If the Specified Payment Date is an
in-service distribution date, a Participant may (1) postpone the Specified Payment Date, or (2)
postpone the Specified Payment Date and change the Payment Method, by submitting a change in the
form and manner required by the Administrator. To be valid, the change must be submitted to the
Administrator

-7-

 

	 	 	 	at least 12 months before the Specified Payment Date that is being postponed, and must postpone
that Specified Payment Date by at least five years. A Specified Payment Date may be postponed
without changing the Payment Method, but a Payment Method cannot be changed without also postponing
the Specified Payment Date by at least five years. A change to an in-service distribution Payout
Election will not become effective until 12 months after the date on which the change is submitted.
A Participant may make one or more changes to an in-service distribution Payout Election in
accordance with the provisions of this paragraph.

	4.2	 	Event of Distribution and Payment Dates. The amounts subject to a Payout Election will be paid
(or begin being paid), on the Specified Payment Date, unless one of the following events occurs
earlier than the Specified Payment Date, in which case payment will be made within 90 days of the
earliest of (a) the Participant’s death, (b) the Participant’s Disability, (c) the Participant’s
Termination of Employment, or (d) the Participant’s Retirement (if the Specified Payment Date is an
in-service distribution date).
Prior to the foregoing, a Participant’s vested Deferral Account, or a portion thereof, may be
distributed in accordance with Section 4.5. If payment is to be made in annual installments, the
first annual installment will be made at the time required by this Section 4.2, and each successive
annual installment will be made on the anniversary date of the first annual installment. Any
payment made under the Plan will be treated as having been made at the time required in this
Section 4.2 if the date on which the payment is made or, in the case of installment payments,
begins, is (a) no earlier than 30 days prior to the date otherwise provided in this Section 4.2, or
(b) no later than the later of (i) the last day of the calendar year in which the date otherwise
provided in this Section 4.2 occurs, or (ii) the fifteenth day of the third calendar month
following the month in which the date otherwise provided in this Section 4.2 occurs. With respect
to all payments made under the Plan, the Participant and his or her Beneficiary cannot designate,
directly or indirectly, the taxable year in which payment will be made. For this purpose, a
Participant’s initial Payout Election and any change in a Payout Election (which results in a
mandatory delay in payment), which is made in accordance with Section 4.1, will not be considered a
designation by the Participant of the tax year in which payment will be made. Notwithstanding
anything to the contrary in this Section 4.2, if the event of distribution is the Participant’s
Retirement or Termination of Employment and the Participant is a Key Employee at the time his or
her Retirement or Termination of Employment occurs, in no event will payment be made (or begin)
prior to the first day following the six-month anniversary of the Participant’s Retirement or
Termination of Employment, and the first payment made following this mandatory six-month delay will
include any amounts that would have been paid but for this mandatory six-month delay.
	 
	4.3	 	Method of Distribution. The amounts subject to a Payout Election will be paid (or begin being
paid) in accordance with the Payment Method elected by the Participant in that Payout Election
(i.e., single lump sum or annual installments), unless the Participant has a Termination of
Employment (before death, Disability, Retirement, or any elected in-service distribution date), in
which case payment will be made in a single lump sum. If, prior to the Specified Payment Date, a
distribution is to be made under Section 4.2 due to the Participant’s death or Disability, payment
will still be made, pursuant to the applicable Payout Election, in the Payment Method elected by
the Participant in that

-8-

 

	 	 	Payout Election. If the Participant dies after another event of distribution has occurred, his or
her entire vested Deferral Account will be paid to his or her Beneficiary at the same time and in
the same manner/form as payment would have been made to the Participant had he or she not died.
Generally, distributions will be made in cash. However, to the extent that a Participant’s Deferral
Account is deemed to be invested in RSC Common Stock, the Administrator will make the distribution
in the form of RSC Common Stock.

	4.4	 	Valuation of the Deferral Account. When distribution of a Participant’s vested Deferral Account
is to be made (or begin) under Section 4.1, the Participant’s Deferral Account will be valued as of
the date of distribution or on such other date as the Administrator deems most appropriate under
the circumstances, as determined by the Administrator in its sole discretion. If distribution is to
be made in annual installments, the amount of each installment will be determined by dividing the
then-current value of the Participant’s vested Deferral Account by the number of remaining
payments.
	 
	4.5	 	Distribution Due to an Unforeseeable Emergency. If a Participant incurs an Unforeseeable
Emergency, the Participant may make a written request to the Administrator for a distribution of
all or part of his or her vested Deferral Account. The Administrator will take the Participant’s
request under advisement and determine whether to grant the request and, if so, the amount to be
distributed. However, in no event will the amount distributed exceed the lesser of the amount which
is necessary to satisfy or alleviate the Participant’s Unforeseeable Emergency or the then-current
value of the Participant’s Deferral Account. The amount necessary to satisfy or alleviate the
Unforeseeable Emergency is the amount, as determined by the Administrator, that is reasonably
necessary to satisfy the Unforeseeable Emergency (and may include the amount necessary to pay any
federal, state or local income taxes or penalties reasonably anticipated to result from the
distribution), minus amounts available to the Participant to meet the Unforeseeable Emergency from
reimbursement or compensation from insurance or otherwise, by liquidation of assets (but only to
the extent the liquidation would not cause severe financial hardship), or by ceasing deferrals
under the Plan. Any distribution made under this Section will be made in a single lump sum within
90 days of the Unforeseeable Emergency.
	 
	4.6	 	Administrator’s Delay or Acceleration of Payment. Notwithstanding anything herein to the
contrary, the Administrator reserves the right, in its sole discretion, to delay a payment under
the Plan in any of the circumstances permitted under Treasury Regulation Section 1.409A-2(b)(7)(i)
through (iii) or to accelerate the time or schedule (i.e., form) of a payment under the Plan in any
of the circumstances permitted under Treasury Regulation Section 1.409A-3(j)(4)(ii) through (iv)
and (vi) through (xiv). The Administrator will not provide any Participant or Beneficiary a direct
or indirect election as to whether the Administrator will exercise its discretion to delay or
accelerate a payment under this Section. Any exercise of the Administrator’s discretion under this
Section will be applied to all similarly situated Participants on a reasonably consistent basis.

-9-

 

	4.7	 	Withholding for Taxes. To the extent required by the law in effect at the time payments are
made, the Administrator will withhold from payments made under the Plan any taxes required to be
withheld by the federal, state or local government, including any amount which the Administrator
determines is reasonably necessary to pay any generation-skipping transfer tax that is or may
become due. However, a Beneficiary may elect not to have withholding of federal income tax pursuant
to Code Section 3405(a)(2). Withholdings will be made in accordance with the deferred compensation
withholding procedures established by the Administrator.
	 
	4.8	 	Payment to Guardian. The Administrator may make payment to a Participant’s or Beneficiary’s
duly appointed guardian, conservator, or other similar legal representative.
In the absence of guardian, conservator or other legal representative, the Administrator may, in
its sole discretion, make payment to a person having the care and custody of a minor, incompetent
or person incapable of handling the disposition of property upon proof satisfactory to the
Administrator of incompetency, minority, or incapacity of the Participant or Beneficiary to whom
payment is due. A distribution made in accordance with this Section will completely discharge RSC
and the Administrator from all liability with respect to the amount distributed.
	 
	4.9	 	Cooperation; Receipt on Release. A Participant will cooperate with the Administrator by
furnishing information requested by the Administrator in order to facilitate the payment of
benefits under the Plan. Any payment to a Participant or Beneficiary in accordance with the
provisions of the Plan will, to the extent of that payment, be in full satisfaction of all claims
against RSC and the Administrator. The Administrator or RSC may require a Participant or
Beneficiary, as a condition precedent to payment, to execute a receipt and release to such effect.
	 
	4.10	 	Missing Participant or Beneficiary. Each Participant is responsible for keeping the
Administrator informed of his or her current address and the current address of his or her
Beneficiary. The Administrator has no obligation to search for the whereabouts of a Participant or
Beneficiary. If, by the latest date on which payment is permitted to be made under the terms of the
Plan and Code Section 409A, the Administrator does not know the whereabouts of a Participant or
Beneficiary, then the Participant’s Deferral Account will be forfeited on that date.

ARTICLE 5. ADMINISTRATION

	5.1	 	Administration. The Administrator is responsible for all facets of interpretation and
administration of the Plan. The Administrator will receive any and all elections, forms, notices or
other documents from Participants, will arrange for the recordkeeping of Deferrals and the Earnings
thereon, and will handle the payment of benefits to Participants or their beneficiaries. The
Administrator has the exclusive authority to make, amend, interpret and enforce all appropriate
rules and regulations for the administration of the Plan and to decide or resolve any and all
questions, including interpretations of the Plan, which may arise in the administration of the
Plan. The Administrator may, from time to time, employ agents and delegate to them one or more
administrative duties as it sees fit. A decision or action of the Administrator (or its delegate)
with respect to any question arising out of or in connection with the administration,
interpretation and
application of the Plan and any rules and regulations implemented by
the Administrator (or its delegate) in accordance with this Section will be final, conclusive and binding upon all
persons having or claiming any interest in the Plan.

-10-

 

	5.2	 	Claims Procedure. Any individual or duly authorized representative of the individual may file a
claim for a benefit under the Plan to which the individual believes he or she is entitled. A claim
must be filed in writing with the Administrator. The Administrator, in its sole and complete
discretion, will make all initial determinations of eligibility for and the amount of benefits
payable to a Participant, Beneficiary or any other person having or claiming a benefit under this
Plan (“Claimant”). The initial determination will be made in accordance with Department of Labor
Regulation Section 2560.503-1 et seq. (“DOL Claims Regulations”). If the Administrator makes a
decision which is adverse to the interests of any Claimant, the Administrator will furnish notice
of the adverse decision to the Claimant in the form and manner and within the time frame required
by the DOL Claims Regulations. The Claimant may request a redetermination of an adverse decision by
filing a written request for a redetermination with the RSC Benefits Committee within 60 days of
the Claimant’s receipt of the Administrator’s initial denial. The RSC Benefits Committee, in its
sole and complete discretion, will review the claim and determine whether the claim should continue
to be denied or be granted, in whole or in part. The redetermination will be made in accordance
with the DOL Claims Regulations. If the RSC Benefits Committee makes a decision which is adverse to
the interests of the Claimant, the RSC Benefits Committee will furnish notice of the adverse
decision to the Claimant in the form and manner and within the time frame required by the DOL
Claims Regulations.
	 
	5.3	 	Arbitration of Disputes. A Claimant (as defined in Section 5.2) must fully exhaust the claims
procedure described in Section 5.2. Failure to fully exhaust the claims procedure will make the
adverse decision final, binding, and nonappealable. If the claims procedure is fully exhausted, but
the Claimant is not satisfied with the result, the Claimant may request, in writing within 30 days
of receiving the Executive Benefit Committee’s final determination, that the matter be submitted to
binding arbitration. If arbitration is timely requested, the arbitration will be held in Maricopa
County, Arizona, pursuant to the rules of the American Arbitration Association. Any award entered
will be final and binding upon all parties and judgment upon the award may be entered in any court
having jurisdiction over the dispute.

ARTICLE 6. MISCELLANEOUS

	6.1	 	No Rights to Assets, No Assignment, No Alienation. Nothing in this Plan gives a Participant or
any person claiming payments for or through him or her any right, title or interest in or to any
asset of RSC or any fund or account in which a Participant’s Deferrals may be placed prior to the
payment thereof, and the right of a Participant to any payment hereunder is strictly contractual
and unsecured. In addition, the benefits to be paid hereunder may not be voluntarily or
involuntarily sold, transferred, assigned, alienated or encumbered and any such attempt shall be
void.
	 
	6.2	 	Not a Contract of Employment. The Plan is not a contract of employment between RSC and any
employee or Participant and does not entitle any employee or Participant to continued employment
with RSC.

-11-

 

	6.3	 	No Representations. RSC does not represent or guarantee that any particular federal or state
income tax or other tax consequence will result from participation in the Plan. A
Participant or Beneficiary should consult with his or her professional tax advisor to determine the
tax consequences of his or her participation in the Plan.
	 
	6.4	 	Amendment or Termination. RSC reserves the right to amend or terminate this Plan at any time
and for any reason, provided that no such amendment or termination shall reduce or eliminate the
right of a Participant to ultimately receive the balance of his or her Deferral Account (as
determined as of the effective date of the amendment or termination) and further provided to no
such amendment or termination shall be made if it would cause the Plan to fail to comply with any
applicable provisions of Code Section 409A.
	 
	6.5	 	Severability. If any provision of the Plan is determined by a proper authority to be illegal or
invalid, the remaining portions of the Plan will continue in effect and be interpreted consistent
with the elimination of the illegal or invalid provision.
	 
	6.6	 	Notice. Any notice given under the Plan will be sufficient if in writing and hand delivered or
sent by registered or certified mail or by a private mail service which provides a record of
receipt (such as Federal Express) to RSC’s corporate office (in the case of notice sent to RSC) or
to the Participant’s or Beneficiary’s last known address (in the case of notice sent to a
Participant or Beneficiary). Written notice also may be given through any electronic means
(including email) that is reasonably expected to reach the intended recipient. Notice will be
deemed given as of the date of delivery if delivery is made by hand, as of the date of the
electronic distribution if delivery is made by electronic means, as of the date shown on the
postmark on the receipt for registration if delivery is made by mail, or as of the date shown on
the certification or delivery if delivery is made by private mail service.
	 
	6.7	 	Obligation of Successors. This Plan shall be binding upon RSC, any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of RSC, or to any assignee thereof. This Plan and all rights of the
Participant hereunder shall inure to the benefit of and be enforceable by the Participant or the
Participant’s personal or legal representatives, Executors, administrators, successors, heirs,
distributees, devisees and legatees.
	 
	6.8	 	Choice of Law. This Plan shall be governed by and construed in accordance with the laws of the
State of Arizona, to the extent not governed by federal law. Section headings are for convenience
of reference only and shall not affect the construction or interpretation of any of the provisions
hereof.

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Dated: July 24, 2008.

	 	 	 	 	 
	 	RSC EQUIPMENT RENTAL, INC.,

an Arizona corporation

 	 
	 	By  /s/  Kevin J. Groman
 	 
	 	 
	 
	 	Title  SVP — General Counsel 
 
	 
	 	 
	 
	 

-13-

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