SUPERVALU INC.Stock Option Agreement • February 3rd, 2016 • Supervalu Inc • Retail-grocery stores • Minnesota
We are pleased to set forth in this letter agreement (the “Letter Agreement”) the terms of your employment in the position of President and Chief Executive Officer of SUPERVALU INC. (“Supervalu” or the “Employer”), beginning on a date mutually agreed by Supervalu and you, but in no event earlier than February 5, 2016 or later than February 12, 2016 (the “Start Date”). In that position, you shall have primary responsibility for the business of Supervalu, and report to the Board of Directors of Supervalu (the “Board”). If you commence employment on the Start Date, you will be appointed to the Board no later than March 1, 2016, subject to your continued employment through the date of such appointment.
