Severance Agreement and ReleaseSeverance Agreement and Release • January 9th, 2023 • Rite Aid Corp • Retail-drug stores and proprietary stores • Pennsylvania
This Agreement (this “Agreement”) confirms the terms of the separation of employment of Heyward Donigan (“you”) from Rite Aid Corporation (the “Company,” and together with you, the “Parties”). Capitalized terms not otherwise defined herein will have the meanings attributed to them in your employment agreement with the Company, effective as of August 8, 2019 (the “Employment Agreement”).
RITE AID CORPORATION Philadelphia, Pennsylvania 19112Rite Aid Corp • January 9th, 2023 • Retail-drug stores and proprietary stores
We very much appreciate your willingness to serve as the Interim Chief Executive Officer of Rite Aid Corporation (the “Company”). The Company's Board of Directors (the “Board”) believes that you are uniquely qualified to be the Company's Interim Chief Executive Officer (“ICEO”). This agreement (the “Agreement”) sets forth the terms and conditions of your employment as ICEO.
