EMPLOYMENT AGREEMENTEmployment Agreement • May 31st, 2016 • Advance Auto Parts Inc • Retail-auto & home supply stores • Delaware
This AGREEMENT (the “Agreement”), dated as of March 28, 2016, is between Advance Auto Parts, Inc. (“Advance” or the “Company”), a Delaware corporation, and Thomas Greco (the “Executive”).
ADVANCE AUTO PARTS, INC. [ANNUAL LONG-TERM INCENTIVE AWARD]Restricted Stock Unit Award Agreement • May 31st, 2016 • Advance Auto Parts Inc • Retail-auto & home supply stores
(“Participant”) an award (the “Award”) of that number of Restricted Stock Units (the “Time-based RSUs”) representing the right to receive a like number of shares (“Shares”) of Advance Auto Parts, Inc. Common Stock, $.0001 par value per share (the “Common Stock”), indicated above in the box labeled “Time-based RSUs ,” subject to certain restrictions and on the terms and conditions contained in this Award and the Advance Auto Parts, Inc. 2014 Long-Term Incentive Plan (the “Plan”). A copy of the Plan is available on the Company’s Intranet site or upon request. In the event of any conflict between the terms of the Plan and this Award, the terms of the Plan shall govern. Any terms not defined herein shall have the meaning set forth in the Plan.
ADVANCE AUTO PARTS, INC. (STOCK SETTLED) [ANNUAL LONG-TERM INCENTIVE AWARD]Performance-Based Stock Appreciation Rights Agreement • May 31st, 2016 • Advance Auto Parts Inc • Retail-auto & home supply stores
(“Participant”) Stock Appreciation Rights (the “Performance-based SARs”) with respect to the number of shares of Advance Auto Parts, Inc. Common Stock, $.0001 par value per share (“Common Stock”), indicated above in the box labeled “Performance-based SARs (at Target Level).” The initial Market Value of each underlying share of Common Stock is indicated above in the box labeled “Grant Price.” The Performance-based SARs that this Certificate represents shall vest and become exercisable in accordance with Sections 1 and 2 below, and upon vesting shall be fully exercisable until the Expiration Date except as otherwise provided in Section 2 below. This Award is subject to the terms and conditions set forth below and in the Advance Auto Parts, Inc. 2014 Long-Term Incentive Plan (the “Plan”). A copy of the Plan is available on the Company’s Intranet site or upon request. In the event of any conflict between the terms of the Plan and this Award, the terms of the Plan shall govern. Any terms no
ADVANCE AUTO PARTS, INC. (STOCK SETTLED) [INDUCEMENT AWARD]Time-Based Stock Appreciation Rights Agreement • May 31st, 2016 • Advance Auto Parts Inc • Retail-auto & home supply stores
(“Participant”) Stock Appreciation Rights (the “Time-based SARs”) with respect to the number of shares of Advance Auto Parts, Inc. Common Stock, $.0001 par value per share (“Common Stock”), indicated above in the box labeled “Time-based SARs.” The initial Market Value of each underlying share of Common Stock is indicated above in the box labeled “Grant Price.” The Time-based SARs that this Certificate represents shall vest and become exercisable in accordance with Sections 1 and 2 below, and upon vesting shall be fully exercisable until the Expiration Date except as otherwise provided in Section 2 below. This Award is subject to the terms and conditions set forth below and in the Advance Auto Parts, Inc. 2014 Long-Term Incentive Plan (the “Plan”). A copy of the Plan is available on the Company’s Intranet site or upon request. In the event of any conflict between the terms of the Plan and this Award, the terms of the Plan shall govern. Any terms not defined herein shall have the meaning
ADVANCE AUTO PARTS, INC. [SIGN-ON AWARD - PERFORMANCE-BASED]Restricted Stock Unit Award Agreement • May 31st, 2016 • Advance Auto Parts Inc • Retail-auto & home supply stores
(“Participant”) an award (the “Award”) of that number of Restricted Stock Units (the “Performance-based RSUs”) representing the right to receive a like number of shares (“Shares”) of Advance Auto Parts, Inc. Common Stock, $.0001 par value per share (the “Common Stock”), indicated above in the box labeled “Performance-based RSUs ,” subject to certain restrictions and on the terms and conditions contained in this Award and the Advance Auto Parts, Inc. 2014 Long-Term Incentive Plan (the “Plan”). A copy of the Plan is available on the Company’s Intranet site or upon request. In the event of any conflict between the terms of the Plan and this Award, the terms of the Plan shall govern. Any terms not defined herein shall have the meaning set forth in the Plan.
EMPLOYMENT AGREEMENT First AmendmentEmployment Agreement • May 31st, 2016 • Advance Auto Parts Inc • Retail-auto & home supply stores
FIRST AMENDMENT, dated as of April 2, 2016 (“First Amendment”), to the EMPLOYMENT AGREEMENT, dated as of March 28, 2016, between Advance Auto Parts, Inc. (“Advance” or the “Company”), a Delaware corporation, and Thomas Greco (the “Executive”) (the “Agreement”).
