Common Contracts

2 similar Change in Control Agreement contracts by Genuine Parts Co

AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT BETWEEN AND GENUINE PARTS COMPANY
Change in Control Agreement • February 29th, 2008 • Genuine Parts Co • Wholesale-motor vehicle supplies & new parts • Georgia

THIS AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT (the “Agreement”) amends and restates in its entirety as of the 19th day of November, 2007, the Change in Control Agreement by and between Genuine Parts Company, a Georgia corporation (the “Company”) and (“Executive”), originally dated as of the day of 2006.

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CHANGE IN CONTROL AGREEMENT BETWEEN AND GENUINE PARTS COMPANY
Change in Control Agreement • February 28th, 2007 • Genuine Parts Co • Wholesale-motor vehicle supplies & new parts • Georgia

The Board of Directors of the Company (the “Board”), has determined that it is in the best interests of the Company and its shareowners to assure that the Company will have the continued dedication of Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined below) of the Company. The Board believes it is imperative to diminish the inevitable distraction of Executive by virtue of the personal uncertainties and risks created by a threatened or pending Change of Control and to encourage Executive’s full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide Executive with compensation and benefits arrangements upon a Change of Control which ensure that the compensation and benefits expectations of Executive will be satisfied. Therefore, in order to accomplish these objectives, the Board has caused the Company to enter into this Agreement.

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