Exhibit 10.27
Relocation Policy Applicable
to Executive Officers
The following relocation policy
applies to all Company Associates holding the position of
Divisional Vice President or above, including the Company’s
named executive officers.
Family Dollar Stores Inc. Temporary Housing and
Relocation Guidelines for Relocating Associates
I.
General Information
A.
Introduction
The purpose of this policy is to
minimize any personal expense and inconvenience you may have due to
relocating your household effects at the direct request of Family
Dollar Stores Inc.
This communication states the
relocation assistance program for those employees who are
transferred at the Company’s request. If you request a
transfer, expenses to relocate are your responsibility.
The Corporate Relocation Specialist
for company paid relocation shall make all expense item
arrangements. These items include, but are not limited to,
temporary housing, house hunting and actual moving expenses
including any lump sum payments.
B.
Effective Date
This policy is effective on
February 3 rd , 2003. Any moves prior to this
effective date will be handled according to the agreed upon
relocation assistance outlined in the relocating individual’s
Terms of Employment.
C.
Eligibility
The benefit group upon which you are
entering determines the Tier. You are eligible for Tier
1.
D.
Employee Relocation Expense
Agreement
The Employee Relocation Expense
Agreement form explains the terms of the Relocation and Temporary
Housing benefits for which you are eligible. You will receive
this information at the time of offer. You will also receive
a copy of the form to sign and return to your Recruiter. If
this paperwork is not signed, then you are not eligible for the
benefits. By signing this form, you agree to all of the terms
and will not deviate from them. Any questions should be
directed to the Family Dollar Recruiter or in absence of the
Recruiter, the Hiring Manager. Once this form is received,
the Relocation Specialist will contact you to start the
process.
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E.
Administration
The Human Resources Department will
be responsible for relocation development, vendor selection,
administration and management. All requests for information
concerning the provisions of this policy should be directed to
Family Dollar’s Corporate Human Resources Department
(Relocation Specialist) at (800) 547-0359 ext. 4461 or (704)
847-6961 ext. 4461.
II.
Procedures
A.
The Relocation Specialist will
assist you in relocation by:
1.
Providing appropriate forms required
for you to complete.
2.
Contacting the moving company.
The moving company representative will in turn call you to
coordinate your move and conduct a pre-move survey. Please
take advantage of the tips the moving company
provides.
3.
Serve to interpret and clarify
details of this policy.
B.
Packing and Loading
1.
You or your representative should be
present during packing and loading to see that the goods are packed
carefully and fully inventoried. Let the moving company do
all of the packing. Any items packed by you are not the
carrier’s liability. Contents of the boxes should be
written on the outside of the box and transferred to the
inventory. We also recommend that you do not leave articles
in drawers and bureaus. If you do, they are shipped
uninventoried and make it difficult or impossible to prove a
loss.
2.
Never allow the moving company to
pack and move such items as money, valuable paper, jewelry or other
pieces of extraordinary or sentimental value. Carry these
items with you.
3.
As the packer loads your furniture,
they will make notations regarding the furniture’s
condition. Discuss these notations with the packer, and do
not sign the inventory until you agree to the conditions
noted.
4.
It is your responsibility to
thoroughly check to make sure all goods have been placed on the van
before departing. Claims for forgotten items are generally
declined.
5.
The bill of lading (i.e. inventory)
must be signed by you and the moving company driver. Be sure
to retain a copy for your records, as this is your key to ensuring
proper settlement of any claim.
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C.
Valuation (Insurance)
Coverage
Family Dollar Stores Inc. will cover
items in the moving van up to $75,000. Any amount in excess
of $75,000 Family Dollar Stores Inc. will bill you for the
difference. The moving company will also pay for damages of
sets and pairs. For example, if one lamp breaks then the
carrier will replace both of your lamps.
Family Dollar Stores Inc. will pay
for valuation coverage for household goods that are stored in a
facility authorized and contracted by Family Dollar Stores
Inc.
D.
Deliver and Unload
1.
You or your representative must be
present at the time of delivery. Upon delivery, check your
inventory copy with the driver’s. If there is no damage
or loss to your shipment, write the words “no
exceptions” and sign the driver’s inventory as well as
the bill of lading.
2.
Exceptions need to be noted
explicitly per item and number on the driver’s inventory,
specify the nature and extent of damage or loss and sign the
inventory sheets. Make the same notations on your copy and
ask the driver to sign both. Sign the bill of lading and
write “exceptions noted” next to your name.
3.
Unloading is the responsibility of
the carrier.
E.
Claims
Claims for loss or damage should be
filed immediately with the moving company according to its
procedure.
F.
Expense Reporting
Reimbursement
1.
Expense Reports – Please fill
out all applicable areas of your expense report and give it to your
manager for their approval. It