Exhibit 10.1
JITNEY-JUNGLE STORES OF AMERICA, INC.
October 16, 1996
Xx. Xxxxxxx X. Xxxxxx
P. O. Xxx 0000
Xxxxxxx, XX 00000-0000
Dear Xxxx:
The purpose of this letter is to confirm our agreement regarding your fees for
certain consulting services provided by you to Jitney-Jungle Stores of America,
Inc., during the past six months. These services have included (1) advice on the
development of a Frequent Shoppers Card marketing program; (2) advice on labor
scheduling and productivity improvement; (3) a market analysis and expansion
plan for our Memphis market area; (4) advice on the produce cross dock; (5)
development of a discount store strategy; and (6) general strategic planning. We
appreciate the extensive time you devoted to these projects, including your
travel, site visits and meetings with management. For your services, we have
agreed to pay you a fee of $170,000. Enclosed you will find our check in payment
of this amount.
Please acknowledge your agreement with the foregoing and receipt of this fee by
executing and returning a copy of this letter.
Sincerely,
JITNEY-JUNGLE STORES OF AMERICA, INC.
By: /s/ Xxxxx X. Xxxxx
----------------------
Xxxxx X. Xxxxx
President
Agreed and Acknowledged:
/s/ Xxxxxxx X. Xxxxxx
---------------------
Xxxxxxx X. Xxxxxx
