Commercial. We provide containerized non-hazardous solid waste disposal services to a wide variety of commercial and industrial customers. Commercial revenue represents approximately 34% of our collection revenue. We provide customers with containers that are designed to be lifted mechanically and emptied into a collection vehicles compaction hopper. Our commercial containers generally range in size from one to eight cubic yards. Commercial contract terms generally range from 1 to 3 years and commonly have renewal options

EX-10.64 6 p70182exv10w64.txt EX-10.64 EXHIBIT 10.64 AMENDMENT TO THE ALLIED WASTE INDUSTRIES, INC. PERFORMANCE-ACCELERATED RESTRICTED STOCK AGREEMENT (UNDER THE AMENDED AND RESTATED 1991 INCENTIVE STOCK PLAN) THIS AMENDMENT ("Amendment"), made effective July 1, 2004, between ALLIED WASTE INDUSTRIES, INC., a Delaware corporation ("Company") and _____________________________ ("Grantee"): R E C I T A L S: The Company has granted shares of restricted stock to Grantee pursuant to the Performance-Accelerated Restricted Stock Agreement dated _____, 200_ ("PARSAP Agreement"). The Management Development/Compensation Committee of the Board of Directors ("Committee") has determined that it would be in the best interests of the Company and its stockholders to amend the PARSAP Agreement to modify certain provisions with respect to the vesting of the Restricted Stock granted therein. NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties hereto agree as follows: 1. Section 2 of the PARSAP Agreement is hereby amended in its entirety to read as follows: 2. Vesting. Except as otherwise provided herein, Grantee shall become vested in the Award Shares according to the following schedule: 0% vested interest until the later of (a) four years from the Date of Grant or (b) July 1, 2004; then 1/7th vested at the later of (a) four years from the Date of Grant or (b) July 1, 2004; and then an additional 1/7th vested on each subsequent anniversary of the Date of Grant thereafter until 100% vested at ten years from the Date of Grant. Notwithstanding the foregoing, vesting will be accelerated upon the Company's attaining certain performance goals, as specified in Paragraph 3 below, or upon a Change in Control, as specified in Paragraph 13 below. Vesting also may be accelerated upon the occurrence of certain events, as specified in Paragraph 4 below. 2. The effective date of this Amendment shall be July 1, 2004. 3. Except as specifically amended, all of the terms and conditions of the PARSAP Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the Company has, as of the date first above written, caused this Agreement to be executed on its behalf by its Chairman, President or any Vice President, and Grantee has hereunder set his hand as of the date first above written. ALLIED WASTE INDUSTRIES, INC., GRANTEE A DELAWARE CORPORATION By_______________________________ _________________________________ Signature _________________________________ Print Name _________________________________ _________________________________ Address 2