AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • April 18th, 2007 • CSK Auto Corp • Retail-auto & home supply stores
This Amendment (“Amendment”) to the Employment Agreement as Amended and Restated as of June 12, 1998, as amended (the “Employment Agreement”), by and between CSK AUTO, INC., an Arizona corporation (the “Company”) and MAYNARD JENKINS, an individual residing at 19859 N. 84th Way, Scottsdale, AZ 85255 (the “Executive”), is made and entered into as of the day of , 2007.
Dear Maynard,Stock Option Agreement • April 18th, 2007 • CSK Auto Corp • Retail-auto & home supply stores
On December 21, 1999, CSK Auto Corporation awarded to you stock options to purchase 36,000 shares of CSK Auto common stock at an exercise price of $14.00/share with a three year vesting schedule, which options were amended on December 18, 2006 pursuant to a letter agreement wherein you elected to either exercise your December 21, 1999 stock options during 2007 (pursuant to the terms and conditions therein described) or to allow them to expire unexercised at the end of 2007 (collectively, the “Option Contract”). This letter agreement, which is being entered into contemporaneously with an amendment to your Employment Agreement, is intended to amend the exercise period relative to such options upon your Retirement (as defined below) from the Company. Capitalized terms not defined herein shall have the meaning ascribed to in the 1999 Employee Stock Option Plan (“1999 Plan”).
Dear Maynard,Stock Option Agreement • April 18th, 2007 • CSK Auto Corp • Retail-auto & home supply stores
On March 18, 1999, CSK Auto Corporation awarded to you stock options to purchase 72,000 shares of CSK Auto common stock at an exercise price of $32.50/share with a three year vesting schedule. On February 9, 2002, these options were repriced and re-granted at an exercise price of $11.00/share (the “Option Contract”). This letter agreement, which is being entered into contemporaneously with an amendment to your Employment Agreement, is intended to amend the exercise period relative to such options upon your Retirement (as defined below) from the Company. Capitalized terms not defined herein shall have the meaning ascribed to in the 1996 Executive Stock Option Plan (“1996 Plan”).
Dear Maynard,Stock Option Agreement • April 18th, 2007 • CSK Auto Corp • Retail-auto & home supply stores
On March 17, 1998, CSK Auto Corporation awarded to you stock options to purchase 216,635 shares of CSK Auto common stock at an exercise price of $20.00/share with a three year vesting schedule. These options were repriced and re-granted pursuant to a Stock Option Agreement effective February 9, 2002 at an exercise price of $11.00/share (the “Option Contract”). This letter agreement, which is being entered into contemporaneously with an amendment to your Employment Agreement, is intended to amend the exercise period relative to such options upon your Retirement (as defined below) from the Company. Capitalized terms not defined herein shall have the meaning ascribed to in the Option Contract.
Dear Maynard,Stock Option Amendment • April 18th, 2007 • CSK Auto Corp • Retail-auto & home supply stores
On April 5, 2002, CSK Auto Corporation awarded to you stock options to purchase 50,000 shares of CSK Auto common stock at an exercise price of $9.87/share with a three year vesting schedule (the “Option Contract”). This letter agreement, which is being entered into contemporaneously with an amendment to your Employment Agreement, is intended to amend the exercise period relative to such options upon your Retirement (as defined below) from the Company. Capitalized terms not defined herein shall have the meaning ascribed to in the 1996 Executive Stock Option Plan (“1996 Plan”).
