SAFEWAY INC. AMENDED AND RESTATED AGREEMENT WITH STEVEN A. BURD FOR SUPPLEMENTAL RETIREMENT BENEFIT PreambleSafeway Inc • March 3rd, 2009 • Retail-grocery stores • California
This Agreement for a supplemental retirement benefit (this “Agreement”), effective as of March 10, 2005, has been amended and restated retroactive to its effective date and is entered into by and between Safeway Inc., a Delaware corporation (the “Company”) and Steven A. Burd (the “Executive”). This Agreement is intended to be an unfunded deferred compensation arrangement for a select group of management or highly compensated employees within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). This Agreement is intended to comply with the rules under Section 409A of the Internal Revenue Code of 1986 (the “Code”).
