Electro Rent Corporation STOCK UNIT AWARD AGREEMENTRent Corporation Stock Unit Award Agreement • August 12th, 2009 • Electro Rent Corp • Services-equipment rental & leasing, nec • California
Grant of Units. Pursuant to the compensation arrangement 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 attached Terms and Conditions (the “Terms”) (capitalized terms not otherwise defined will be as defined in the Plan). This Award represents a pro rata award for the period until the 2009 Shareholders’ Meeting.
