EXHIBIT 10.18 Page 1 of 4
ABM INDUSTRIES INCORPORATED
2002 PRICE-VESTED PERFORMANCE STOCK OPTION PLAN
STOCK OPTION AGREEMENT
THIS AGREEMENT (the "Agreement") dated as of ____________ day of _______, 200_, is entered into by
and between ABM Industries Incorporated, a Delaware corporation (the "Company"), and ____________ (the
In consideration of the mutual promises and covenants made herein and the mutual benefits to be derived here
from, the parties hereto agree as follows:
1. Grant of Options.
Subject to the provisions of this Agreement and the Plan, the Company hereby grants to the Optionee the right
and option to purchase _____ shares of the Company's common stock, par value $0.01 per share (the
"Common Stock") at an exercise price of $__.__ (the "Option").
2. Exercisability of Options.
a. The Option may be exercised only to the extent it is vested.
b. The vested portion of the Option may be exercised, in whole or in part, at the times and in the manner set forth
in the Plan; provided, however, that such vested portion shall not be exercised:
(1) before the first (1st) anniversary of the Option's date of grant,
(2) at any one time for fewer than 100 shares, or such number of shares as to which such Option is then
exercisable, if such number of shares is less than 100, and
(3) on or after the tenth (10th) anniversary of the Option's date of grant.
3. Vesting of Options.
a. Subject to the limitations contained in this Agreement and the Plan, unless the vesting of the Option is
accelerated as set below, the Option shall vest in full on the close of business on the eight (8th) anniversary of its
date of grant.
EXHIBIT 10.18 Page 2 of 4
b. During the four-year period commencing on its date of grant, the vesting of the Option shall accelerate at such
time as the Fair Market Value of the Common Stock shall have been equal to or greater than the assigned
Vesting Price for ten (10) trading days in any period of thirty (30) consecutive trading days.