ELECTRO RENT CORPORATION STOCK UNIT AWARD AGREEMENT FOR NON-EMPLOYEE DIRECTORSStock Unit Award Agreement • August 12th, 2014 • Electro Rent Corp • Services-equipment rental & leasing, nec • California
Contract Type FiledAugust 12th, 2014 Company Industry JurisdictionGrant of Units. Pursuant to the compensation arrangements for non-employee directors of Electro Rent Corporation (“Electro Rent”), you have been granted an award (your “Award”) of the number of stock units set forth above (each a “Unit”) upon and subject to the restrictions, terms and conditions set forth in Electro Rent’s 2005 Equity Incentive Plan (the “Plan”), this letter and the Terms and Conditions attached hereto as Exhibit A (the “Terms”, and together with this letter, the “Agreement”) (capitalized terms not otherwise defined will be as defined in the Plan).
ELECTRO RENT CORPORATION STOCK UNIT AWARD AGREEMENTStock Unit Award Agreement • August 12th, 2014 • Electro Rent Corp • Services-equipment rental & leasing, nec • California
Contract Type FiledAugust 12th, 2014 Company Industry JurisdictionGrant of Units. As an employee of Electro Rent Corporation (“Electro Rent”), you have been granted an award (your “Award”) of the number of stock units set forth above (each a “Unit”) upon and subject to the restrictions, terms and conditions set forth in Electro Rent’s 2005 Equity Incentive Plan (the “Plan”), this letter and the Terms and Conditions attached hereto as Exhibit A (the “Terms”, and together with this letter, the “Agreement”) (capitalized terms not otherwise defined will be as defined in the Plan).