0000906280-97-000157 Sample Contracts

AGREEMENT
Agreement • September 26th, 1997 • Delchamps Inc • Retail-grocery stores

Check one: X I hereby agree to the cancellation of all options to --- purchase common stock of Delchamps held by me in exchange for a cash payment as described in the memorandum dated July 22, 1997 provided to me by Delchamps. I hereby agree to exercise all currently exercisable options --- to purchase common stock of Delchamps held by me no later than August 1, 1997. To the extent that I fail to exercise all such exercisable options by August 1, 1997 and to the extent that I hold options to purchase Delchamps common stock that are not currently exercisable, I agree to the cancellation of all options to purchase common stock of Delchamps held by me in exchange for a cash payment as described in the memorandum dated July 22, 1997 provided to me by Delchamps.

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