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EXHIBIT 10-41 Summary of Compensation Arrangements for Mr. Moore

Equity Incentive Plan Agreement

EXHIBIT 10-41 Summary of Compensation Arrangements for Mr. Moore | Document Parties: ADVANCE AUTO PARTS INC | Michael O. Moore, You are currently viewing:
This Equity Incentive Plan Agreement involves

ADVANCE AUTO PARTS INC | Michael O. Moore,

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Title: EXHIBIT 10-41 Summary of Compensation Arrangements for Mr. Moore
Date: 12/9/2005
Industry: Retail (Specialty)     Sector: Services

EXHIBIT 10-41 Summary of Compensation Arrangements for Mr. Moore, Parties: advance auto parts inc , michael o. moore
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Exhibit 10.41

 

Summary of Compensation Arrangements for Mr. Moore

 

In connection with the compensation arrangement effective December 15, 2005 for Michael O. Moore, Executive Vice President and Chief Financial Officer, this summary sheet sets forth the terms of these arrangements, which were approved by the Company’s Compensation Committee on November 8, 2005:

 

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Mr. Moore, who is an at-will employee, will be entitled to receive a base salary of $375,000.

 

·  

Mr. Moore will receive a one-time bonus of $266,000 payable at the end of the first quarter of 2006.

 

·  

Mr. Moore also will be eligible to participate in the Company’s annual incentive bonus plan for 2006, with a bonus potential of 60% of base salary (assuming all financial targets as specified in the bonus plan are met) not to exceed approximately 66% of base salary if financial targets are exceeded, subject to further change by the Compensation Committee.

 

·  

Mr. Moore is eligible to participate in the Company’s compensation and benefits programs generally available to its team members, including health, disability and life insurance programs, and a 401(k) plan. In addition, Mr.


 
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