Stock Unit Award Agreement for Non Sample Contracts

ELECTRO RENT CORPORATION STOCK UNIT AWARD AGREEMENT FOR NON-EMPLOYEE DIRECTORS

Stock Unit Award Agreement for Non • August 12th, 2014 • Electro Rent Corp • Services-equipment rental & leasing, nec • California

• Contract Type
  Stock Unit Award Agreement for Non
• Filed
  August 12th, 2014
• Company
  Electro Rent Corp
• Industry
  Services-equipment rental & leasing, nec
• Jurisdiction
  California

Grant 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).