SUPERVALU INC. 2012 STOCK PLAN PERFORMANCE SHARE UNIT AWARD AGREEMENT1Performance Share Unit Award • July 27th, 2016 • Supervalu Inc • Retail-grocery stores • Delaware
This Performance Share Unit Award Agreement (the “Agreement”) is made and entered into as of the grant date indicated below (the “Grant Date“), by and between SUPERVALU INC. (the “Company”), and you, the Award Recipient whose name appears below. The Agreement consists of this cover page, the Performance Share Unit Award Terms and Conditions (the “Terms and Conditions”) on the following pages, and Schedule A attached hereto.
SUPERVALU INC. P.O. Box 990Minneapolis, MN 55440952 828 4623Letter Agreement • July 27th, 2016 • Supervalu Inc • Retail-grocery stores
This letter agreement amends your employment letter agreement dated February 2, 2016 (the “Offer Letter”) to revise your benefit related to personal use of Supervalu’s corporate aircraft. Commencing July 25, 2016, you will continue to have reasonable personal use of Supervalu corporate aircraft for calendar year 2016 and each subsequent calendar year in which you remain employed, in each case, subject to review and approval by the Board on an annual basis and subject to (i) any business use of such aircraft taking precedence over any personal use by you and (ii) Supervalu continuing to own its own corporate aircraft. However, the requirement that you reimburse to Supervalu the entire incremental or variable cost to Supervalu of such aircraft use shall be modified such that you shall only be required to reimburse Supervalu for such incremental or variable costs to the extent such incremental or variable costs exceed $50,000 in a fiscal year, provided that personal use included in such $
May 27, 2016 Eric Claus Chief Executive Officer Save-A-LotSupervalu Inc • July 27th, 2016 • Retail-grocery stores
