EXHIBIT 10(iii)(A)
EMPLOYMENT AGREEMENT
THIS AGREEMENT ("AGREEMENT"), by and between GATX Corporation, a New York corporation (the
"COMPANY"), and Ronald H. Zech (the "EXECUTIVE") is effective as of October 11, 2002 (the
"EFFECTIVE DATE"). In consideration of the mutual covenants set forth herein, the Company and the
Executive hereby agree as follows:
1. PERIOD OF EMPLOYMENT. In accordance with the terms and conditions of this Agreement, the
Company hereby agrees to employ the Executive, and the Executive agrees to serve the Company, in the
capacities described herein during the Period of Employment. The term "PERIOD OF EMPLOYMENT" shall
mean the period which commences on the Effective Date and, unless earlier terminated pursuant to
Section 4, ends on the third anniversary of the Effective Date.
2. DUTIES.
2.1 DUTIES. During the Period of Employment, the Executive shall be employed as the President and Chief
Executive Officer of the Company with overall charge and responsibility for the business and affairs of the
Company. The Executive shall report directly to the Company's Board of Directors (the "BOARD") and shall
perform such duties as the Executive shall reasonably be directed to perform by the Board. During the Period of
Employment, the Company shall cause the Executive to be elected as a member of the Board and as Chairman of
the Board; provided, however, the Executive shall not be the Chairman of the Board if his holding such position is
contrary to then-applicable law or, in the reasonable judgment of the Board, is contrary to the interests of the
Company given the then-current business and/or investor relations environment.
2.2 SCOPE. During the Period of Employment, and excluding any periods of vacation and sick leave to which
the Executive is entitled, the Executive shall devote substantially all of his business time and attention to the
business and affairs of the Company. It shall not be a violation of this Agreement for the Executive to (i) serve on
corporate, civic or