Sears, Roebuck and Co. February 17, 2005Executive Severance Agreement • February 24th, 2005 • Sears Roebuck & Co • Retail-department stores
This letter agreement (this “Agreement”) is to confirm our understanding with you regarding the termination of your employment as Executive Vice President and Chief Financial Officer of Sears, Roebuck and Co., a New York corporation (“Sears”) in connection with the consummation of the transactions contemplated under that certain Agreement and Plan of Merger dated as of November 16, 2004 by and among Kmart Holding Corporation, a Delaware corporation (“Kmart”), Sears, Sears Holdings Corporation, a Delaware corporation, Kmart Acquisition Corp., a Delaware corporation, and Sears Acquisition Corp., a New York corporation (such agreement, the “Merger Agreement”, and the transactions contemplated thereby, collectively, the “Merger”).
