EMPLOYMENT AGREEMENT
Exhibit 10.2
THIS EMPLOYMENT AGREEMENT (“Agreement”), effective [Date] (“Effective Date”), is made and entered into by and between DOLLAR GENERAL CORPORATION (the “Company”), and [Name of Senior Vice President] (“Employee”).
W I T N E S S E T H:
WHEREAS, Company desires to employ or cause any wholly-owned subsidiary of the Company to employ Employee upon the terms and subject to the conditions hereinafter set forth, and Employee desires to accept such employment;
NOW, THEREFORE, for and in consideration of the premises, the mutual promises, covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
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c.Any material violation of the Company’s Code of Business Conduct and Ethics (or the equivalent code in place at the time);
d.Other than as required by law, the carrying out of any activity or the making of any public statement which prejudices or reduces the good name and standing of Company or any of its subsidiaries or affiliates or would bring any one of these into public contempt or ridicule;
e.Attendance at work in a state of intoxication or being found with any drug or substance, possession of which would amount to a criminal offense;
f.Assault or other act of violence;
g.Conviction of or plea of guilty or nolo contendre to any felony whatsoever or any misdemeanor that would preclude employment by the Company or the Subsidiary, as applicable, under the Company’s or, if applicable, Subsidiary’s hiring policy; or
A termination for Cause shall be effective when the Company or, if applicable, the Subsidiary has given Employee written notice of its or of the Subsidiary’s intention to terminate for Cause, describing those acts or omissions that are believed to constitute Cause, and has given Employee ten (10) days to respond.
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Good Reason shall not include Employee’s death, Disability or Termination for Cause or Employee’s termination for any reason other than Good Reason as defined above.
d. Prior to Employee being entitled to the payments or benefits described in Section 12 below, the Company shall have the opportunity to cure or to cause the Subsidiary, if applicable, to cure any claimed event of Good Reason within thirty (30) days after receiving written notice from Employee specifying the same.
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All payments and benefits otherwise provided to Employee pursuant to this Section 12 shall be forfeited if a copy of the Release attached hereto executed by Employee is not provided to the Company and, if applicable, the Subsidiary within twenty-one (21) days after Employee’s termination date (unless otherwise required by law) or if the Release is revoked; and no payment or benefit hereunder shall be provided to Employee prior to the Company’s and, if applicable, the Subsidiary’s receipt of the Release and the expiration of the period of revocation provided in the Release.
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x.Xx the extent permitted by applicable law, in the event that the Company or the Subsidiary, as applicable, reasonably believes that Employee engaged in conduct during his or her employment that would have resulted in his or her termination for Cause as defined under Section 8, any unpaid amounts under Section 12 of this Agreement may be forfeited and the Company or the Subsidiary, as applicable, may seek to recover such portion of any amounts paid under Section 12.
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If to Company to:Dollar General Corporation
Attn: General Counsel
000 Xxxxxxx Xxxxx
Xxxxxxxxxxxxxx, XX 00000-0000
Facsimile: (000) 000-0000
If to the Subsidiary to:[name of Subsidiary]
c/o Dollar General Corporation
Attn: General Counsel
000 Xxxxxxx Xxxxx
Xxxxxxxxxxxxxx, XX 00000-0000
Facsimile: (000) 000-0000
If to Employee to:(Last address of Employee
known to Company unless
otherwise directed in writing by Employee)
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IN WITNESS WHEREOF, the parties hereto have executed, or caused their duly authorized representative to execute this Agreement to be effective as of the Effective Date.
| DOLLAR GENERAL CORPORATION | |
| | |
| By: _____________________________________ | |
| | |
| Name: ___________________________________ | |
| | |
| Its: _____________________________________ | |
| | |
Date: ______________ | | |
| | |
| “EMPLOYEE” | |
|
| |
| _________________________________________ | |
| [Name of Senior Vice President] | |
Date: ______________ | ||
| |
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Addendum to Employment Agreement with [Name of Senior Vice President]
RELEASE AGREEMENT
THIS RELEASE (“Release”) is made and entered into by and between _________________ (“Employee”) and DOLLAR GENERAL CORPORATION and, if applicable [NAME OF SUBSIDIARY], and its successor or assigns (“Company”).
WHEREAS, Employee and Company have agreed that Employee’s employment with Dollar General Corporation shall terminate on ___________________;
WHEREAS, Employee and Dollar General Corporation have previously entered into that certain Employment Agreement, effective _____________________ (the “Agreement”), in which the form of this Release is incorporated by reference;
WHEREAS, Employee and Company desire to delineate their respective rights, duties and obligations attendant to such termination and desire to reach an accord and satisfaction of all claims arising from Employee’s employment, and termination of employment, with appropriate releases, in accordance with the Agreement;
WHEREAS, the Company desires to compensate Employee in accordance with the Agreement for service Employee has provided and/or will provide for the Company;
NOW, THEREFORE, in consideration of the premises and the agreements of the parties set forth in this Release, and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby covenant and agree as follows:
In exchange for receiving the payments and benefits described in Section 12 of the Agreement, Employee hereby voluntarily and irrevocably waives, releases, dismisses with prejudice, and withdraws all claims, complaints, suits or demands of any kind whatsoever (whether known or unknown) which Employee ever had, may have, or now has against Company and other current or former subsidiaries or affiliates of the Company and their past, present and future officers, directors, employees, agents, insurers and attorneys (collectively, the “Releasees”), arising from or relating to (directly or indirectly) Employee’s employment or the termination of employment or other events that have occurred as of the date of execution of this Release, including but not limited to:
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In signing this Release, Employee is not releasing any claims that may arise under the terms of this Release or which may arise out of events occurring after the date Employee executes this Release.
Employee also is not releasing claims to benefits that Employee is already entitled to receive under any other plan or agreement covering Employee which shall be governed by the terms of such plan or agreement. However, Employee understands and acknowledges that nothing herein is intended to or shall be construed to require the Company to institute or continue in effect any particular plan or benefit sponsored by the Company, and the Company hereby reserves the right to amend or terminate any of its benefit programs at any time in accordance with the procedures set forth in such plans. Employee further understands and acknowledges that any continuing obligation under a Company incentive-based plan, program or arrangement or pursuant to any Company policy or provision
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regarding recoupment of compensation is not altered by this Release and nothing herein is intended to nor shall be construed otherwise.
Nothing in this Release shall prohibit Employee from engaging in activities required or protected under applicable law or from communicating, either voluntarily or otherwise, with any governmental agency concerning any potential violation of the law.
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Acknowledged and Agreed To:
| DOLLAR GENERAL CORPORATION | |
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| By:_____________________________________ | |
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| Its:_____________________________________ | |
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| [SUBSIDIARY] | |
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| By:_____________________________________ | |
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Its:_____________________________________ | ||
I UNDERSTAND THAT BY SIGNING THIS RELEASE, I AM GIVING UP RIGHTS I MAY HAVE. I UNDERSTAND THAT I DO NOT HAVE TO SIGN THIS RELEASE.
| “EMPLOYEE” | |
| | |
| __________________________________________ | |
| | |
Date ________________ | | |
| WITNESSED BY: | |
| | |
| _________________________________________ | |
Date ________________ | | |
| |
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SCHEDULE TO EXHIBIT
This Schedule of Senior Vice President-level Executive Officers who have executed an employment agreement in the form of Senior Vice President Employment Agreement is included pursuant to Instruction 2 of Item 601(a) of Regulation S-K for the purposes of setting forth the material details in which the specific agreement executed in the form of Senior Vice President Employment Agreement differs from the form agreement filed herewith as Exhibit 10.2.
Name of Executive Officer | Title | Base Salary | Effective Date |
Xxxxx X. Xxxxxxx | Senior Vice President and Chief Accounting Officer | $430,051 | April 1, 2021 |
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