EXHIBIT C Additional Terms—Kevin P. Freeland (the “Executive”)
Exhibit
10.34
EXHIBIT
C
Additional Terms—Xxxxx X.
Xxxxxxxx (the “Executive”)
The
Executive and the Company agree that the following terms of the Company’s letter
offering employment to the Executive, dated January 14, 2008, and executed by
the Executive on January 16, 2008 (“Offer Letter”), shall continue in effect
following the execution of the Agreement:
Assistance with Lease
Obligation
The
Company agrees to provide the Executive assistance with his current business
lease obligation to protect him from any out of pocket costs. This assumes that
the Executive’s lease is not being paid for by the ongoing operation of
Executive’s business. In addition, this assistance is predicated on
the Executive taking the appropriate steps to mitigate his
exposure. For unmitigated out of pocket expenses the Company will
provide the Executive with reimbursement up to a maximum of
$350,000. Any such reimbursements will be required to be paid back to
the Company if the Executive leaves the company within one year.
Optimal Advantage
Contract
To
provide the Executive assistant in transitioning his business, the Company
agrees to utilize Optimal Advantage for at least three months to work on its
supply chain optimization and custom mix projects.
The
Executive and the Company agree that, as of the date of this Agreement, the
remaining obligations of the Company pursuant to the Offer Letter have been
performed by the Company or have been incorporated into the
Agreement.
IN WITNESS WHEREOF, the Company and the
Executive have executed this Exhibit as of the effective date of the
Agreement.
Advance Auto Parts, Inc. | Executive | ||||||||
By: | (SEAL) | Print Name: Xxxxx X. Xxxxxxxx | |||||||
Print Name: | Signature: | ||||||||
Title: | Address: | ||||||||
Address: |
0000
Xxxxxxx Xxxx
Xxxxxxx, XX 00000
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