EXHIBIT 4.5 DEFERRED COMPENSATION PLAN [photographs of faces omitted] ROLLINS, INC. MEASUREMENT FUND ELECTION FORM - 2006 OPEN ENROLLMENT
- ------------------------------------------------------------------------------------------------------------------------------------ First Name Middle Initial Last Name - ------------------------------------------------------------------------------------------------------------------------------------ Street Address City State Zip Code - ------------------------------------------------------------------------------------------------------------------------------------ Social Security Number Date of Birth Date of Hire - ------------------------------------ ----------------------------------------------------------------------------------------------- THE PURPOSE of this form is to allow you to elect to have the following items of compensation deferred under the Plan credited with the returns realized by Measurement Funds listed below: > MEASUREMENT Annual Base Salary deferred under the Plan which is earned during 2006 ("2006 Annual Base FUND Salary Deferral"), and earnings or losses thereon (based on your Measurement Fund ELECTION selections). I understand that these elections will continue to apply until such time as a new election(s) is made in accordance with the terms and conditions of the Plan and any rules set forth by the Plan Committee. SELECT WHOLE PERCENTAGES IN AT LEAST 1% INCREMENTS. CHECK ALL APPLICABLE CIRCLES AND COMPLETE ALL APPLICABLE BLANKS. - ------------------------------------------------------------------------------------------------------------------------------------ ASSET ALLOCATION - ------------------------------------------------------------------------------------------------------------------------------------ o Vanguard VVIF Money Market Portfolio _____% Increment - ------------------------------------------------------------------------------------------------------------------------------------ o PIMCO VIT Total Return Portfolio _____% Increment - ------------------------------------------------------------------------------------------------------------------------------------ o Vanguard VVIF Balanced Portfolio (Wellington) _____% Increment - ------------------------------------------------------------------------------------------------------------------------------------ o Vanguard VVIF Diversified Value Portfolio (Windsor II) _____% Increment - ------------------------------------------------------------------------------------------------------------------------------------ o Fidelity VIP Contrafund Portfolio _____% Increment - ------------------------------------------------------------------------------------------------------------------------------------ o Third Avenue VST Value Portfolio _____% Increment - ------------------------------------------------------------------------------------------------------------------------------------ o Fidelity VIP Mid Cap Growth Portfolio _____% Increment - ------------------------------------------------------------------------------------------------------------------------------------ o Royce Capital Small Cap Portfolio _____% Increment - ------------------------------------------------------------------------------------------------------------------------------------ o Vanguard VIF Equity Index Portfolio _____% Increment - ------------------------------------------------------------------------------------------------------------------------------------ o First Eagle VF Overseas Variable Fund _____% Increment - ------------------------------------------------------------------------------------------------------------------------------------ Total: 100 % - ------------------------------------------------------------------------------------------------------------------------------------ 1 (OVER)
MEASUREMENT FUND ELECTION FORM - 2006 OPEN ENROLLMENT CONTINUED...
==================================================================================================================================== NOTE: The Measurement Funds are to be used for measurement purposes only, and a Participant's election of any such Measurement Fund, the allocation of his or her deferrals thereto, the calculation of additional amounts and the crediting or debiting of such amounts to a Participant's Account Balance shall not be considered or construed in any manner as an actual investment of his or her Account Balance in any such Measurement Fund. ==================================================================================================================================== - ------------------------------------------------------------------------ ----------------------------------------------------------- > ACKNOWLEDGMENT AND AGREEMENT PLEASE SIGN below. - ------------------------------------------------------------------------------------------------------------------------------------ I ACKNOWLEDGE that I have been offered an opportunity to participate in the Deferred Compensation Plan. I will participate in the Plan and authorize the Plan Committee to apply the Measurement Fund elections as indicated on this form. I understand that I may change my above elections solely as provided under the Plan. I further understand that if I do not complete this Measurement Fund Election Form, then my deferrals will be allocated 100% to the Vanguard VVIF Money Market Portfolio Measurement Fund, until such time as I make a valid Measurement Fund election. Unless otherwise indicated, capitalized terms used in this form shall have the meanings given them in the Plan. - ------------------------------------------------------------------------------------------------------------------------------------ Signature of Employee _____________________________________________________ Date__________ Signature of Plan Committee Member Or Duly Authorized Agent __________________________________________________ Date__________
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