(e) On January 15, 2009, at Michael J. Kneeland's personal request, United Rentals, Inc. (the "Company"), with the approval of the compensation committee of its board of directors, entered into an amendment to Mr. Kneeland's employment agreement as chief executive officer, lowering his base salary for 2009 by 20%. Mr. Kneeland explained to the committee that since he has asked employees to reduce costs and accept significant staff cuts, he believed that he should lead by example and share some of the economic burden through a reduction in his base salary. This week, Mr. Kneeland informed employees of further cost reductions, including a moratorium on merit increases for salaried employees and a reduction in the Company's matching contributions to its employees' retirement plans.

The amendment, effective retroactively from January 1, 2009, reduces Mr. Kneeland's annual base salary to $600,000 for 2009. The reduction does not affect ancillary benefits, such as bonus targets and severance pay, which, if and to the extent any become applicable during the reduction period, would continue to reference his base salary level prior to the amendment.

The foregoing description of the amendment is qualified in its entirety by reference to the full text thereof, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

(d) Exhibits.

Exhibit No.      Description

Exhibit 10.1     First Amendment, dated January 15, 2009, to the Employment
                 Agreement, dated as of August 22, 2008, between United Rentals,
                 Inc. and Michael J. Kneeland