2018 Guide to Effective Proxies

6 TH EDITION | GUIDE TO EFFECTIVE PROXIES 312 Summary of Proposal 2: Advisory Vote on Named Executive Officer Compensation Executive Compensation Link to Strategy. We develop rigorous performance goals on a bottom-up basis, reflecting management initiatives and the impact of anticipated external factors. To align management incentives, our metrics and performance targets focus on factors management can impact, rather than external factors outside of management’s control or ability to mitigate. Profitable Revenue Growth Controllable Operating Expenses M&A (Tuck-in ) Capital Investment Volume / Macroeconomic Environment CPI Impact on Pricing Diesel / Other Commodity Prices Regulatory and Tax Law Changes EPS Free Cash Flow Cash Flow Value Creation ROIC Management Initiatives Selected External Factors Financial Results Value Creation Stock Price Appreciation Shareholder Return Our compensation program is focused on achieving key financial results that support shareholder value creation ManagementInitiativesSelectedExternalFactorsFinancialResultsValueCreationOurcompensationprogramisfocusedonachievingkeyfinancialresultsthatsupportshareholdervaluecreationProfitableRevenueGrowthVolume/MacroeconomicEnvironmentESPControllableOperatingExpensesCPIImpactonPricingFreecashflowStockPriceAppreciationCapitalInvestmentDiesel/OtherCommodityPriceCashflowvaluecreationShareholderReturnM&A(Tuck-In)RegulatoryandTaxlawChangesROIC Republic Services, Inc. 2018 Proxy Statement 7 Total of 05 pages in section REPUBLIC SERVICES