EXHIBIT 10.cc
FIRST AMENDMENT TO EMPLOYMENT
AGREEMENT
This first amendment to the
Employment Agreement by and between Warren F. Bryant (the
“Executive”), Longs Drug Stores Corporation (the
“Corporation”), and Longs Drug Stores California, Inc.
(“Longs California”), dated the 30
th
day of October, 2002
(the “Employment Agreement”), is entered into and
effective this 2 nd day of March, 2004 (this
“First Amendment”).
Section 4 of the Employment
Agreement is hereby amended and restated in its entirety to read as
follows:
During the Term, Longs California
shall award the Executive annual incentive compensation
(“Incentive Compensation”) having a target amount equal
to 80% of the Base Compensation, with an actual annual incentive
award of between 0% and 200% of the Base Compensation. The
Executive may recommend performance measures and levels with
respect to the Incentive Compensation, but the Incentive
Compensation will be determined by the Compensation Committee, in
its sole discretion, in accordance with the terms and conditions of
the bonus program in which
