EXHBIT 10.1 ELECTRO RENT CORPORATION STOCK UNIT AWARD AGREEMENT Number of Units Covered: [NUMBER]Stock Unit Award Agreement • July 21st, 2009 • Electro Rent Corp • Services-equipment rental & leasing, nec • California
Grant 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 attached Terms and Conditions (the "Terms") (capitalized terms not otherwise defined will be as defined in the Plan).
