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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

Employee Retention Agreement

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT | Document Parties: DOLLAR GENERAL CORPORATION You are currently viewing:
This Employee Retention Agreement involves

DOLLAR GENERAL CORPORATION

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Title: FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Date: 3/24/2009
Industry: Retail (Specialty)     Sector: Services

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT, Parties: dollar general corporation
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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“First Amendment”), which amends that certain Employment Agreement (“Agreement”) effective April 1, 2006 between DOLLAR GENERAL CORPORATION (the “Company”), and Susan Lanigan (“Employee”), is made and entered into by the Company and Employee as of May 9, 2008 (“First Amendment Effective Date”).

 

W I T N E S S E T H:

 

WHEREAS , the change in control severance provisions in Section 12 of the Agreement specifically provide that the Company will pay to Employee, only upon the occurrence of certain events and fulfillment of certain conditions, a severance payment calculated by reference to Employee’s Base Salary (as defined in the Agreement) and target incentive bonus in effect immediately prior to the Change in Control; and

WHEREAS , the intent of such provision was to ensure that the Employee’s potential severance amounts were protected from reductions made after a Change in Control, and the parties desire to


 
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