DICK'S SUPERMARKETS, INC.
June 5, 2002
Xxxxxx X. Xxxxxxxx
0000 Xxxx Xxxxxxx 000
Xxxxxxxxxxx, XX 00000-0656
Re: Xxxx's Supermarkets, Inc. ("DSI") Employment Agreement with
Xxxxxx X. Xxxxxxxx dated June 16, 2001 ("Agreement")
Dear Bob:
Dick's Supermarkets, Inc. is pleased to offer you an extension of the
Agreement under the following terms:
1. The term "initial term" of the Agreement shall now include the period
from June 16, 2002 through June 21, 2003.
2. In reference to paragraph 5 of the Agreement, the guaranteed $25,000
bonus anticipated to be paid at the end of the original initial term
will be paid on June 15, 2002; however, you will not receive any
amount of the "additional discretionary bonus." For the extended
initial term, you will be entitled to receive a "guaranteed" bonus of
$20,000 paid on or before December 31, 2002 and another "guaranteed"
bonus of $25,000 paid at the end of the extended initial term;
provided, that you are then still actively involved in performing your
duties hereunder. The remainder of paragraph 5 of the Agreement shall
be deleted in its entirely effective as of June 16, 2002.
3. In consideration of the preceding paragraph, you understand that you
will not participate in the DSI Support Staff bonus program as in
effect for the fiscal year 2002, nor as effected for fiscal year 2003.
4. All other terms of the Agreement remain in full force and effect,
other than as herein amended.
Very Truly Yours,
Dick's Supermarkets, Inc.
By: /s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx
Chairman
I accept this offer of the extension through June 21, 2003 of the "initial
term" of the Agreement dated June 16, 2001, effective as of the date of this
letter.
/s/ Xxxxxx X. Xxxxxxxx
--------------------------------
Xxxxxx X. Xxxxxxxx
