LOGO [g2750811.jpg]

FORM OF

WINN-DIXIE STORES, INC.

FISCAL 2012 EQUITY INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

FISCAL YEAR 2012AWARD

THIS AGREEMENT is made by and between WINN-DIXIE STORES, INC., a Florida
corporation (the “Company”), and [Name](“Optionee”), effective, as of [Date]
(the “Effective Date”).

RECITALS

A. The Company has adopted and approved the Winn-Dixie Stores, Inc. Fiscal 2012
Equity Incentive Plan (the “Plan”), a copy of which is available upon request to
the Compensation Department; and

B. The Committee appointed to administer the Plan has determined that Optionee
is eligible to participate in the Plan and that it would be to the advantage and
best interest of the Company and its stockholders to grant the Option provided
for herein to Optionee; and

C. This Agreement is prepared in conjunction with and under the terms of the
Plan. Terms used herein but not otherwise defined herein shall have the meanings
ascribed to such terms in the Plan; and

D. Optionee has accepted the grant of the Option and agreed to the terms and
conditions hereinafter stated.

NOW THEREFORE, IN CONSIDERATION OF THE FOREGOING RECITALS AND OF THE PROMISES
AND CONDITIONS HEREIN CONTAINED, IT IS AGREED AS FOLLOWS:

ARTICLE I

GRANT OF OPTION

Section 1.1—Grant of Option.

Subject to the provisions of this Agreement and the provisions of the Plan, on
the Effective Date the Company granted to Optionee the right and option to
purchase all or any part of [enter # Shares] shares of the Company’s common
stock, par value $0.001 per share (“Stock”). The Option granted pursuant to this
Agreement is not intended to qualify as an “incentive stock option” within the
meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”).

Section 1.2—Exercise Price.

The exercise price of the Option for each share of Stock subject to the Option
shall be equal to [enter grant price] per share of Stock subject to the Option.

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WINN-DIXIE STORES, INC.

FORM OF NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

FISCAL YEAR 2012 AWARD

PAGE 2

 

ARTICLE II

VESTING AND EXERCISABILITY

Section 2.1—Vesting and Exercisability.

Except as otherwise provided herein or in the Plan, the Option shall become one
hundred percent (100%) vested on November[        ], 2014, if Optionee has
continuously provided services to the Company, a Subsidiary or Affiliate or has
been continuously employed by the Company, a Subsidiary or Affiliate until such
date. Prior to becoming one hundred percent (100%) vested, the Option shall
become exercisable in three (3) installments as follows and shall remain
exercisable until the seventh anniversary of the date of grant (the “Option
Term”), subject to the forfeiture provisions set forth in Section 2.6(a):

 

%

   # of Shares   Date First Available For Exercise

331/3rd %

   [# V1 Shares]   [V1 Date]

331/3rd %

   [# V2 Shares]   [V2 Date]

331/3rd %

   [# V3 Shares]   [V3 Date]

Section 2.2—Accelerated Vesting and Exercisability – Change in Control.

If during the Option Term a Change in Control occurs, the Option shall become
one hundred percent (100%) vested and exercisable (regardless of the extent to
which such Option was then vested) as of the date of such Change in Control,
notwithstanding any other provisions of the Plan or this Agreement.

Section 2.3—Accelerated Vesting and Exercisability – Retirement.

If Optionee’s employment or service terminates as a result of retirement during
the Option Term either after reaching either

(a) 65 years of age or

(b) after reaching 55 years of age but before reaching 64 years of age and with
at least ten (10) consecutive years of experience with the Company

the portion of the Option that is exercisable as of the date of such retirement
shall remain exercisable for twelve (12) months after Optionee’s date of
retirement notwithstanding any other provisions of the Plan or this Agreement.
All additional portions of the Option which are not exercisable as of the date
of such retirement shall terminate upon the date of such retirement.

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WINN-DIXIE STORES, INC.

FORM OF NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

FISCAL YEAR 2012 AWARD

PAGE 3

 

Section 2.4—Accelerated Vesting and Exercisability – Permanent Total Disability.

If Optionee’s employment or service terminates as a result of permanent total
disability during the Option Term, the portion of the Option that is exercisable
as of the date of such permanent total disability shall remain exercisable for
the remaining term of the Option grant notwithstanding any other provisions of
the Plan or this Agreement so long as Optionee executes non-disclosure and
non-compete restrictive covenants drafted by the Company within a reasonable
period following tender of same to Grantee. All additional portions of the
Option which are not exercisable as of the date of such retirement shall vest in
accordance with the dates specified in section 2.1 above so long as Optionee
executes non-disclosure and non-compete restrictive covenants drafted by the
Company within a reasonable period following tender of same to Grantee.

Section 2.5—Accelerated Vesting and Exercisability – Death.

If Optionee’s employment or service terminates as a result of death during the
Option Term, the portion of the Option that is exercisable as of the date of
death shall remain exercisable for twenty-four (24) months after Optionee’s date
of death notwithstanding any other provisions of the Plan or this Agreement. All
additional portions of the Option which are not exercisable as of the Optionee’s
death shall accelerate as of the Optionee’s date of death and remain exercisable
for twenty-four (24) months after Optionee’s date of death notwithstanding any
other provisions of the Plan or this Agreement.

Section 2.6—Expiration of Option.

(a) Except as set forth herein in sections 2.2 through 2.5 above or in
subsections (b) or (c) below, an Option may not be exercised unless the Optionee
is then in the employ of, maintains an independent contractor relationship with,
or is a director of, the Company or a Subsidiary or Affiliate (or a company or a
parent or subsidiary company of such company issuing or assuming the Option in a
transaction to which Section 424(a) of the Code applies), and unless the
Optionee has remained continuously so employed, or continuously maintained such
relationship, since the date of grant of the Option.

(b) If the Optionee’s employment or service is terminated for Cause, the Option
(whether or not then vested) shall terminate on the date of the Optionee’s
termination of employment or service.

(c) If the Optionee’s employment or service with the Company and its
Subsidiaries or Affiliates terminates other than as described in Sections 2.2
through 2.5 or in subsections (b) above, the portions of the Option that are
exercisable as of the date of such termination of employment or service shall
remain exercisable until the earlier of (i) 90 days following the date of such
termination of employment or service and (ii) expiration of the Option Term and
shall thereafter terminate. All additional portions of the Option which are not
exercisable as of the date of such termination of employment or service, shall
terminate upon the date of such termination of employment or service.

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WINN-DIXIE STORES, INC.

FORM OF NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

FISCAL YEAR 2012 AWARD

PAGE 4

 

ARTICLE III

EXERCISE OF OPTION

Section 3.1—Manner of Exercise.

(a) The Option, to the extent then vested and exercisable, shall be exercisable
by delivery to the Company of a written notice stating the number of shares as
to which the Option is exercised pursuant to this Agreement and a designation of
the method of payment of the exercise price with respect to Stock to be
purchased. An Option may not be exercised for less than 100 shares of Stock (or
the number of remaining shares of Stock subject to the Option if less than 100).

(b) The exercise price of the Option, or portion thereof, with respect to Stock
to be purchased, shall be paid in full at the time of exercise; payment may be
made in cash or other instrument or in any other manner acceptable to the
Committee. In addition, any amount necessary to satisfy applicable federal,
state or local tax requirements shall be paid promptly upon notification of the
amount due. The Committee may permit, in its sole discretion, such amount to be
paid in Stock previously owned by the Optionee, or a portion of Stock that
otherwise would be distributed to such Optionee upon exercise of the Option, or
a combination of cash and such Stock.

ARTICLE IV

MISCELLANEOUS

Section 4.1—Transferability of Option.

The Option is nontransferable except by will or the laws of descent and
distribution and shall be exercisable during the lifetime of a Optionee only by
such Optionee or his guardian or legal representative; provided, however, that
the Committee may permit transfers upon the death of the Participant to
designated beneficiaries, and the Committee may permit transfers for
estate-planning purposes but not a transfer to a third party for value.

Section 4.2—Taxes and Withholdings.

Not later than the date of exercise of the Option granted hereunder, Optionee
shall pay to the Company or make arrangements satisfactory to the Committee
regarding payment of any federal, state or local taxes of any kind required by
law to be withheld upon the exercise of such Option. The Company shall, to the
extent permitted or required by law, have the right to deduct from any payment
of any kind otherwise due to Optionee federal, state, and local taxes of any
kind required by law to be withheld upon the exercise of such Option.

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WINN-DIXIE STORES, INC.

FORM OF NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

FISCAL YEAR 2012 AWARD

PAGE 5

 

Section 4.3—Restrictive Covenants.

If the Optionee engages in any conduct in breach of any noncompetition,
nonsolicitation or confidentiality obligations to the Company under any
agreement, policy or plan, then such conduct shall also be deemed to be a breach
of the terms of the Plan and this Agreement. Upon such breach, all portions of
the Option which are not then exercisable shall be cancelled and shall
terminate.

Section 4.4—Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of
the State of Florida. The Committee shall have final authority to interpret and
construe the Plan and this Agreement and to make any and all determinations
under them, and its decision shall be binding and conclusive upon the Optionee
and the Optionee’s legal representative in respect of any questions arising
under the Plan or this Agreement.

Section 4.5—Notices.

Any notice to be given under the terms of this Agreement shall be in writing and
addressed to the Company at 5050 Edgewood Court, Jacksonville, Florida
32254-3699, Attention: Corporate Secretary, and Attention: Director of
Compensation and to Optionee at the address set forth below or at such other
address as either party may hereafter designate in writing to the other by like
notice.

Section 4.6—Effect of Agreement.

Except as otherwise provided hereunder, this Agreement shall be binding upon and
shall inure to the benefit of any successor or successors of the Company.

Section 4.7—Conflicts and Interpretations.

In the event of any ambiguity in this Agreement, any term which is not defined
in this Agreement or any matters as to which this Agreement is silent, the Plan
shall govern.

Section 4.8—Amendment.

This Agreement may not be amended in any manner except by an instrument in
writing signed by both parties hereto. The waiver by either party of compliance
with any provision of this Agreement shall not operate or be construed as a
waiver of any other provision of this Agreement or of any subsequent breach of
such party of a provision of this Agreement.

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WINN-DIXIE STORES, INC.

FORM OF NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

FISCAL YEAR 2012 AWARD

PAGE 6

 

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its
behalf by a duly authorized officer and Optionee has hereunto set Optionee’s
hand.

 

WINN-DIXIE STORES, INC. BY:       Peter Lynch   President and Chief Executive
Officer   Dated:  [Month]             , 20            

 

  [Name] [Title] [Address1] [Address2] [City], [St] [Zip Code] Dated:
                                                                     

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LOGO [g2750811.jpg]

FORM OF

WINN-DIXIE STORES, INC.

FISCAL 2012 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FISCAL YEAR 2012 TIME-BASED AWARDS

THIS AGREEMENT is made by and between WINN-DIXIE STORES, INC., a Florida
corporation (the “Company”), and [enter name] (“Grantee”), effective as of
[Grant Date] (the “Effective Date”).

RECITALS

A. The Company has adopted and approved the Winn-Dixie Stores, Inc. Fiscal 2012
Equity Incentive Plan (the “Plan”), a copy of which is available upon request to
the Compensation Department; and

B. The Committee appointed to administer the Plan has determined that Grantee is
eligible to participate in the Plan and that it would be to the advantage and
best interest of the Company and its stockholders to grant the award of
Restricted Stock Units (as defined below) provided for herein to Grantee; and

C. This Agreement is prepared in conjunction with and under the terms of the
Plan. Terms used herein but not otherwise defined herein shall have the meanings
ascribed to such terms in the Plan; and

D. Grantee has accepted the grant of the Restricted Stock Units and agreed to
the terms and conditions hereinafter stated.

NOW THEREFORE, IN CONSIDERATION OF THE FOREGOING RECITALS AND OF THE PROMISES
AND CONDITIONS HEREIN CONTAINED, IT IS AGREED AS FOLLOWS:

ARTICLE I

GRANT OF RESTRICTED STOCK UNITS

Section 1.1—Grant of Restricted Stock Units.

Subject to the provisions of this Agreement and the provisions of the Plan, on
the Effective Date the Company granted to Grantee units evidencing a right to
receive [# Shares] shares of the Company’s common stock, par value $0.001 per
share (“Stock”) (the “Restricted Stock Units” or “Restricted Stock Unit Award”).

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 TIME BASED AWARD

PAGE 2

 

ARTICLE II

RESTRICTIONS AND VESTING PERIOD

Section 2.1—Restrictions.

The Restricted Stock Units granted hereunder may not be sold, assigned,
transferred, pledged, hypothecated or otherwise encumbered or disposed of, other
than by will or the laws of descent and distribution.

Section 2.2—Vesting Period.

Subject to the forfeiture provisions set forth in Section 4.1, the Restricted
Stock Units shall become vested and shares of Stock shall become deliverable in
three (3) installments pursuant to the schedule below (the “Vesting Period”):

 

%

   # of Shares   Date Restrictions Lapse

331/3rd %

   [# V1 Shares]   [V1 Vest Date]

331/3rd %

   [# V2 Shares]   [V2 Vest Date]

331/3rd %

   [# V3 Shares]   [V3 Vest Date]

Section 2.3—Accelerated Vesting – Change in Control.

If during the Vesting Period a Change in Control occurs, all Restricted Stock
Units shall become one hundred percent (100%) vested and paid out as of the date
of such Change in Control or promptly thereafter, in each case, in accordance
with the terms of the Plan.

Section 2.4—Accelerated Vesting – Retirement.

(a) If during the Vesting Period Grantee’s employment or service terminates as a
result of retirement after reaching 65 years of age, all unvested Restricted
Stock Units that otherwise would have vested during the calendar year of the
Grantee’s retirement shall become one hundred percent (100%) vested and paid out
as of their original vesting date or promptly thereafter, in each case, in
accordance with the terms of the Plan. All other unvested Restricted Stock Units
shall terminate upon the date of such retirement.

(b) If during the Vesting Period Grantee’s employment or service terminates as a
result of retirement any time between reaching 55 and 64 years of age after
Grantee has worked at least both ten (10) consecutive years with the Company and
fifty percent (50%) of the applicable fiscal year, all unvested Restricted Stock
Units that otherwise would have vested during the calendar year of the Grantee’s
retirement shall become one hundred percent (100%) vested and paid out as of
their original vesting date or promptly thereafter, in each case, in accordance
with the terms of the Plan. All other unvested Restricted Stock Units shall
terminate upon the date of such retirement.

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 TIME BASED AWARD

PAGE 3

 

Section 2.5—Accelerated Vesting –Death.

If during the Vesting Period Grantee’s employment or service terminates as a
result of death, all unvested Restricted Stock Units shall become one hundred
percent (100%) vested and paid out as of the date of death or promptly
thereafter in accordance with the terms of the Plan.

Section 2.6—Accelerated Vesting – Permanent Total Disability.

If during the Vesting Period Grantee’s employment or service terminates as a
result of permanent total disability, all unvested Restricted Stock Units shall
become one hundred percent (100%) vested and paid out as of the date of
permanent total disability, or promptly thereafter in accordance with the terms
of the Plan, so long as Grantee executes non-disclosure and non-compete
restrictive covenants drafted by the Company within a reasonable period
following tender of same to Grantee.

ARTICLE III

NO STOCKHOLDER RIGHTS

Section 3.1—No Stockholder Rights.

Grantee shall have no rights of a stockholder of the Company with respect to the
Restricted Stock Units, including, but not limited to, the rights to vote and
receive ordinary dividends, until the date of issuance of a stock certificate
for such shares. In the event of an adjustment to the Restricted Stock Unit
Award pursuant to Section 5(e) of the Plan, then in such event, any and all new,
substituted or additional securities to which Grantee is entitled by reason of
the Restricted Stock Unit Award shall be immediately subject to the Restrictions
and Vesting Period set forth in Sections 2.1 through 2.6 above with the same
force and effect as the Restricted Stock Unit Award subject to such Restrictions
immediately before such event.

ARTICLE IV

CESSATION OF EMPLOYMENT

Section 4.1—Forfeiture.

If, at any time while the Restricted Stock Unit Award is outstanding, the
Grantee’s service with the Company or any Subsidiary or Affiliate is terminated
for any reason, then any unvested Restricted Stock Units pursuant to the
Restricted Stock Unit Award shall be forfeited to the Company and neither the
Grantee nor any of Grantee’s successors, heirs, assigns, or personal
representatives shall thereafter have any further rights or interests in such
Restricted Stock Unit Award.

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 TIME BASED AWARD

PAGE 4

 

ARTICLE V

CERTIFICATES

Section 5.1—Certificates.

Upon vesting and subject to Section 8(i) of the Plan, the Company will notify
the Company’s transfer agent to establish an account for the shares of Stock
represented by this Agreement, net of any shares of Stock withheld by the
Company to satisfy the payment of mandatory taxes as described in Section 6.1
herein.

ARTICLE VI

TAXES

Section 6.1—Taxes.

The Grantee shall be required to pay to the Company in cash all federal, state
and local taxes required to be withheld in respect of settlement of Restricted
Stock Units, provided, that Committee may allow the Grantee to satisfy payment
of taxes due upon vesting of the Restricted Stock Units by having the Company
distribute to the Grantee shares of Stock net of the number of whole shares of
Stock the fair market value of which is equal to the minimum amount of federal,
state and local taxes required to be withheld under applicable tax laws (“sell
to cover”). Unless otherwise determined by the Committee with written notice to
the Grantee, the Grantee shall be deemed to have delivered a standing
authorization to the Committee to satisfy payment of taxes due upon vesting by
sell to cover; provided, however, that the Grantee may pay such taxes in cash
for any specific vesting event by providing written notice to the Committee of
the Grantee’s intent to pay such taxes by cash payment rather than by sell to
cover at least thirty (30) days prior to the vesting date and during an open
trading window. Any notice required hereunder shall be provided in accordance
with Section 8.2 hereof.

ARTICLE VII

RESTRICTIVE COVENANTS

Section 7.1—Restrictive Covenants.

If the Grantee engages in any conduct in breach of any noncompetition,
nonsolicitation or confidentiality obligations to the Company under any
agreement, policy or plan, then such conduct shall also be deemed to be a breach
of the terms of the Plan and this Agreement. Upon such breach, all portions of
the Restricted Stock Unit Award which are not then vested shall be cancelled and
forfeited.

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 TIME BASED AWARD

PAGE 5

 

ARTICLE VIII

MISCELLANEOUS

Section 8.1—Incorporation of Plan.

This Agreement is made under the provisions of the Plan (which is incorporated
herein by reference) and shall be interpreted in a manner consistent with it. To
the extent that this Agreement is silent with respect to, or in any way
inconsistent with, the terms of the Plan, the provisions of the Plan shall
govern and this Agreement shall be deemed to be modified accordingly.

Section 8.2—Notices.

Any notice to be given under the terms of this Agreement shall be in writing and
addressed to the Company at 5050 Edgewood Court, Jacksonville, Florida
32254-3699, Attention: Corporate Secretary and Attention: Director of
Compensation, and to Grantee at the address set forth below or at such other
address as either party may hereafter designate in writing to the other by like
notice.

Section 8.3—Successor.

Except as otherwise provided hereunder, this Agreement shall be binding upon and
shall inure to the benefit of any successor or successors of the Company.

Section 8.4—Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of
the State of Florida. The Committee shall have final authority to interpret and
construe the Plan and this Agreement and to make any and all determinations
under them, and its decision shall be binding and conclusive upon the Grantee
and the Grantee’s legal representative in respect of any questions arising under
the Plan or this Agreement.

Section 8.5—Amendment.

This Agreement may not be amended in any manner except by an instrument in
writing signed by both parties hereto. The waiver by either party of compliance
with any provision of this Agreement shall not operate or be construed as a
waiver of any other provision of this Agreement or of any subsequent breach of
such party of a provision of this Agreement.

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 TIME BASED AWARD

PAGE 6

 

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its
behalf by a duly authorized officer and Grantee has hereunto set Grantee’s hand.

 

WINN-DIXIE STORES, INC. BY:      

Peter Lynch

President and Chief Executive Officer

  Dated: [Month]             , 20            

 

   [Name] [Title] [Address1] [Address2] [City], [St] [Zip Code] Dated:
                                                                     

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LOGO [g2750811.jpg]

FORM OF

WINN-DIXIE STORES, INC.

FISCAL 2012 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FISCAL YEAR 2012 PERFORMANCE-BASED AWARD

THIS AGREEMENT is made by and between WINN-DIXIE STORES, INC., a Florida
corporation (the “Company”), and [Name] (“Grantee”), effective as of [Date] (the
“Effective Date”).

RECITALS

A. The Company has adopted and approved the Winn-Dixie Stores, Inc. Fiscal 2012
Equity Incentive Plan (the “Plan”), a copy of which is available upon request to
the Compensation Department; and

B. The Committee appointed to administer the Plan has determined that Grantee is
eligible to participate in the Plan and that it would be to the advantage and
best interest of the Company and its stockholders to grant the award of
Restricted Stock Units (as defined below) provided for herein to Grantee; and

C. This Agreement is prepared in conjunction with and under the terms of the
Plan. Terms used herein but not otherwise defined herein shall have the meanings
ascribed to such terms in the Plan; and

D. Grantee has accepted the grant of the Restricted Stock Units and agreed to
the terms and conditions hereinafter stated.

NOW THEREFORE, IN CONSIDERATION OF THE FOREGOING RECITALS AND OF THE PROMISES
AND CONDITIONS HEREIN CONTAINED, IT IS AGREED AS FOLLOWS:

ARTICLE I

GRANT OF RESTRICTED STOCK UNITS

Section 1.1—Grant of Restricted Stock Units.

Subject to the provisions of this Agreement and the provisions of the Plan, on
the Effective Date the Company granted to Grantee units evidencing a right to
[#Shares] shares of the Company’s common stock, par value $0.001 per share
(“Stock”) (the “Restricted Stock Units” or “Restricted Stock Unit Award”).

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 PERFORMANCE-BASED AWARD

PAGE 2

 

ARTICLE II

RESTRICTIONS AND VESTING PERIOD

Section 2.1—Restrictions.

The Restricted Stock Units granted hereunder may not be sold, assigned,
transferred, pledged, hypothecated or otherwise encumbered or disposed of, other
than by will or the laws of descent and distribution.

Section 2.2—Vesting Period and Performance Goals.

(a) Subject to the forfeiture provisions set forth in Section 4.1, the
Restricted Stock Units shall become vested and shares of Stock shall become
deliverable in three (3) installments pursuant to the schedule below upon
achievement of the Performance Goal identified in subsection (b) below (the
“Vesting Period”) as determined by and at the discretion of the Committee.

 

Anniversary of

the Effective Date

  

Percentage Available

   # of Restricted
Stock Units

1st

   331/3rd %    [#V1 Shares]

2nd

  

331/3rd % (plus any unvested Restricted

Stock Units from the 1st anniversary of

the Effective Date)

   [#V2 Shares]

3rd

  

331/3rd % (plus any unvested Restricted

Stock Units from the 1st and/or 2nd

anniversary of the Effective Date)

   [#V3 Shares]

In a particular Measuring Period, the Restricted Stock Units to become vested
and deliverable shall be equal to the percentage and number of shares reflected
above plus any unvested Restricted Stock Units from any prior anniversary of the
Effective Date. In no event, however, shall the Restricted Stock Units to become
vested and deliverable exceed 100% of the Restricted Stock Unit Award.

(b) The Performance Goal applicable to the Restricted Stock Unit Award (the
“Performance Goal”) is for the Company to rank among the top three (3) in an
applicable Measuring Period among Comparator Companies in either or both of the
following performance metrics: Identical Sales Increase and Percentage of EBITDA
Margin Growth. Each individual performance metric shall be weighted equally
(i.e., fifty percent (50%)) to comprise the total Performance Goal. Where only
one of the performance metrics of the Performance Goal is achieved in a
Measuring Period, the Restricted Stock Units to become vested and deliverable
shall be reduced by fifty percent (50%).

 

  1. Identical Sales Increase: Identical Sales Increase is defined as the
cumulative percentage increase from the prior Measuring Period in either:

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 PERFORMANCE-BASED AWARD

PAGE 3

 

  i. Identical Sales, excluding fuel, where reported in a securities filing;

 

  ii. Where Identical Sales, excluding fuel, are not reported in a securities
filing, Comparable Sales, excluding fuel, where reported in a securities filing;

 

  iii. Where neither Identical Sales, excluding fuel, nor Comparable Sales,
excluding fuel, are reported in a securities filing, Identical Sales where
reported in a securities filing; or

 

  iv. Where neither Identical Sales, excluding fuel, Comparable Sales, excluding
fuel, nor Identical Sales are reported in a securities filing, Comparable Sales
where reported in a securities filing.

For purposes of this Agreement, the measurement used to measure Identical Sales
Increase for both the Company and Comparator Companies is reflected below:

 

Company                             Measurement

Winn-Dixie

   Identical Sales

The Kroger Company

   Identical Sales excluding fuel

Safeway Inc.

   Identical Sales excluding fuel

SUPERVALU INC.

   Identical Sales excluding fuel

The Great Atlantic & Pacific Tea Company

   Comparable Sales

Publix Super Markets, Inc.

   Comparable Sales

 

  2. Percentage of EBITDA Margin Growth: Percentage of EBITDA Margin Growth is
defined as the percentage increase from the prior Measuring Period in either
Adjusted EBITDA, where reported in a securities filing; or, where no Adjusted
EBITDA is reported, EBITDA as calculated from a securities filing divided by
externally reported sales, as reported in a securities filing. Any non-cash or
non-operating income or expense to be excluded from the calculation of Adjusted
EBITDA or EBITDA must be approved by the Committee.

For purposes of this Agreement, the measurement used to measure Percentage of
EBITDA Margin Growth for both the Company and Comparator Companies is reflected
below:

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 PERFORMANCE-BASED AWARD

PAGE 4

 

     Company                             Measurement  

Winn-Dixie

   Adjusted EBITDA divided by Net Sales  

The Great Atlantic & Pacific Tea Company

   Adjusted EBITDA divided by Sales  

SUPERVALU INC.

   EBITDA divided by Net Sales  

Safeway Inc.

   EBITDA divided by Sales and Other Revenue  

The Kroger Company

   EBITDA divided by Sales  

Publix Super Markets, Inc.

   EBITDA divided by Total Revenue

 

  3. Comparator Companies: Comparator Companies include the following entities:

 

  i. The Great Atlantic & Pacific Tea Company (NYSE: GAP),

 

  ii. The Kroger Company (NYSE: KR),

 

  iii. Publix Super Markets, Inc. (NYSE: Not Applicable),

 

  iv. Safeway Inc. (NYSE: SWY), and

 

  v. SUPERVALU INC. (NYSE: SVU).

 

  4. Measuring Period:

 

  i. For purposes of the Company, Measuring Period is defined as the Company’s
most recently completed fiscal year.

 

  ii. For purposes of Comparator Companies, Measuring Period is defined as the
most recently completed twelve (12) month period that aligns with the Company’s
Measuring Period as reflected below:

Winn-Dixie Fiscal Year-End Dates with Estimated Quarter-End Dates for the
Comparator Companies

 

     FY12      FY13      FY14  

Winn-Dixie

     6/27/2012         6/26/2013         6/25/2014   

The Great Atlantic & Pacific Tea Company

     6/16/2012         6/15/2013         6/21/2014   

The Kroger Company

     5/26/2012         5/25/2013         5/24/2014   

Publix Super Markets, Inc.

     6/30/2012         6/29/2013         6/28/2014   

Safeway, Inc.

     6/16/2012         6/15/2013         6/21/2014   

SUPERVALU, INC.

     6/16/2012         6/15/2013         6/21/2014   

(c) An example of the Performance Goal calculation is attached as Exhibit A.

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 PERFORMANCE-BASED AWARD

PAGE 5

 

Section 2.3—Accelerated Vesting – Change in Control.

If during the Vesting Period a Change in Control occurs, all Restricted Stock
Units shall become one hundred percent (100%) vested and paid out as of the date
of such Change in Control or promptly thereafter, in each case, in accordance
with the terms of the Plan.

Section 2.4—Accelerated Vesting – Retirement.

(a) If during the Vesting Period Grantee’s employment or service terminates as a
result of retirement after reaching 65 years of age, the Performance Goal for
unvested Restricted Stock Units shall be measured as of the Effective Date of
the Grant through the end of the fiscal year in which the retirement occurs.
Assuming the Performance Goal is achieved during the period measured, the
Restricted Stock Units, plus any previously unvested Restricted Stock Units from
any prior anniversary of the Effective Date, scheduled to vest as of the end of
the fiscal year in which Grantee retires shall vest and become deliverable at
the same time Restricted Stock Units would vest and become deliverable for all
other active Plan participants. All other unvested Restricted Stock Units are
forfeited as of the date of Grantee’s retirement.

(b) If during the Vesting Period Grantee’s employment or service terminates as a
result of retirement any time between reaching 55 and 64 years of age after
Grantee has worked at least both ten (10) consecutive years with the Company and
fifty percent (50%) of the fiscal year in which he or she retires, the
Performance Goal for unvested Restricted Stock Units shall be measured as of the
Effective Date of the Grant through the end of the fiscal year in which the
retirement occurs. Assuming the Performance Goal is achieved during the period
measured, the Restricted Stock Units, plus any previously unvested Restricted
Stock Units from any prior anniversary of the Effective Date, scheduled to vest
as of the end of the fiscal year in which Grantee retires shall vest and become
deliverable at the same time Restricted Stock Units would vest and become
deliverable for all other active Plan participants. All other unvested
Restricted Stock Units are forfeited as of the date of Grantee’s retirement.

Section 2.5—Accelerated Vesting – Death.

If during the Vesting Period Grantee’s employment or service terminates as a
result of death, all unvested Restricted Stock Units shall become one hundred
percent (100%) vested and paid out as of the date of death or promptly
thereafter in accordance with the terms of the Plan.

Section 2.6—Accelerated Vesting – Permanent Total Disability.

If during the Vesting Period Grantee’s employment or service terminates as a
result of permanent total disability, all unvested Restricted Stock Units shall
become one hundred percent (100%) vested and deliverable as of the date Grantee
executes non-disclosure and non-compete restrictive covenants drafted by the
Company.

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 PERFORMANCE-BASED AWARD

PAGE 6

 

ARTICLE III

NO STOCKHOLDER RIGHTS

Section 3.1—No Stockholder Rights.

Grantee shall have no rights of a stockholder of the Company with respect to the
Restricted Stock Units, including, but not limited to, the rights to vote and
receive ordinary dividends, until the date of issuance of a stock certificate
for such shares. In the event of an adjustment to the Restricted Stock Unit
Award pursuant to Section 5(e) of the Plan, then in such event, any and all new,
substituted or additional securities to which Grantee is entitled by reason of
the Restricted Stock Unit Award shall be immediately subject to the Restrictions
and Vesting Period set forth in Sections 2.1 through 2.6 above with the same
force and effect as the Restricted Stock Unit Award subject to such Restrictions
immediately before such event.

ARTICLE IV

CESSATION OF EMPLOYMENT

Section 4.1—Forfeiture.

(a). Except as set forth herein in sections 2.4 through 2.6 above, if, at any
time while the Restricted Stock Unit Award is outstanding, the Grantee’s service
with the Company or any Subsidiary or Affiliate is terminated for any reason,
then any unvested Restricted Stock Units pursuant to the Restricted Stock Unit
Award shall be forfeited to the Company and neither the Grantee nor any of
Grantee’s successors, heirs, assigns, or personal representatives shall
thereafter have any further rights or interests in such Restricted Stock Unit
Award.

(b) If the identified Performance Goal identified in Section 2.2 is not achieved
within three (3) years of the Effective Date, 100% of the Restricted Stock Unit
Award will be forfeited.

ARTICLE V

CERTIFICATES

Section 5.1—Certificates.

Upon vesting and subject to Section 8(i) of the Plan, the Company will notify
the Company’s transfer agent to establish an account for the shares of Stock
represented by this Agreement, net of any shares of Stock withheld by the
Company to satisfy the payment of mandatory taxes as described in Section 6.1
herein.

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 PERFORMANCE-BASED AWARD

PAGE 7

 

ARTICLE VI

TAXES

Section 6.1—Taxes.

The Grantee shall be required to pay to the Company in cash all federal, state
and local taxes required to be withheld in respect of settlement of Restricted
Stock Units, provided, that Committee may allow the Grantee to satisfy payment
of taxes due upon vesting of the Restricted Stock Units by having the Company
distribute to the Grantee shares of Stock net of the number of whole shares of
Stock the fair market value of which is equal to the minimum amount of federal,
state and local taxes required to be withheld under applicable tax laws (“sell
to cover”). Unless otherwise determined by the Committee with written notice to
the Grantee, the Grantee shall be deemed to have delivered a standing
authorization to the Committee to satisfy payment of taxes due upon vesting by
sell to cover; provided, however, that the Grantee may pay such taxes in cash
for any specific vesting event by providing written notice to the Committee of
the Grantee’s intent to pay such taxes by cash payment rather than by sell to
cover at least thirty (30) days prior to the vesting date and during an open
trading window. Any notice required hereunder shall be provided in accordance
with Section 8.2 hereof.

ARTICLE VII

RESTRICTIVE COVENANTS

Section 7.1—Restrictive Covenants.

If the Grantee engages in any conduct in breach of any noncompetition,
nonsolicitation or confidentiality obligations to the Company under any
agreement, policy or plan, then such conduct shall also be deemed to be a breach
of the terms of the Plan and this Agreement. Upon such breach, all portions of
the Restricted Stock Unit Award which are not then vested shall be cancelled and
forfeited.

ARTICLE VIII

MISCELLANEOUS

Section 8.1—Incorporation of Plan.

This Agreement is made under the provisions of the Plan (which is incorporated
herein by reference) and shall be interpreted in a manner consistent with it. To
the extent that this Agreement is silent with respect to, or in any way
inconsistent with, the terms of the Plan, the provisions of the Plan shall
govern and this Agreement shall be deemed to be modified accordingly.

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 PERFORMANCE-BASED AWARD

PAGE 8

 

Section 8.2—Notices.

Any notice to be given under the terms of this Agreement shall be in writing and
addressed to the Company at 5050 Edgewood Court, Jacksonville, Florida
32254-3699, Attention: Corporate Secretary and Attention: Director of
Compensation, and to Grantee at the address set forth below or at such other
address as either party may hereafter designate in writing to the other by like
notice.

Section 8.3—Successor.

Except as otherwise provided hereunder, this Agreement shall be binding upon and
shall inure to the benefit of any successor or successors of the Company.

Section 8.4—Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of
the State of Florida. The Committee shall have final authority to interpret and
construe the Plan and this Agreement and to make any and all determinations
under them, and its decision shall be binding and conclusive upon the Grantee
and the Grantee’s legal representative in respect of any questions arising under
the Plan or this Agreement.

Section 8.5—Amendment.

This Agreement may not be amended in any manner except by an instrument in
writing signed by both parties hereto. The waiver by either party of compliance
with any provision of this Agreement shall not operate or be construed as a
waiver of any other provision of this Agreement or of any subsequent breach of
such party of a provision of this Agreement.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its
behalf by a duly authorized officer and Grantee has hereunto set Grantee’s hand.

 

WINN-DIXIE STORES, INC. BY:       Peter Lynch   President and Chief Executive
Officer   Dated: [Month]             , 2011

 

   [Name] [Address1] [Address2] [City], [State] [Zip] Dated:
                                         
                                            

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WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 PERFORMANCE-BASED AWARD

PAGE 9

 

Exhibit A

Performance Goal

Identical Sales

Increase

 

     Identical Sales  

Company

   FY12     Rank  

Kroger

     4.3 %      1st   

Winn-Dixie

     1.2 %      2nd   

A & P

     0.0 %      3rd   

Safeway

     (0.3 %)   

Publix

     (1.3 %)   

SuperValu

     (1.8 %)   

Percentage of EBITDA Margin Growth

 

     Adj. EBITDA Margin        FY11     FY12     1 Year
Growth     % of
EBITDA
Margin
Growth     Rank  

Winn-Dixie

     1.4 %      2.2 %      0.8 %      60.4 %      1st   

A & P

     2.8 %      3.3 %      0.5 %      17.9 %      2nd   

Kroger

     5.2 %      5.3 %      0.1 %      1.4 %      3rd   

Publix

     8.8 %      8.5 %      (0.3 %)      (3.1 %)   

Safeway

     7.1 %      6.9 %      (0.2 %)      (3.3 %)   

SuperValu

     6.1 %      5.2 %      (0.9 %)      (14.0 %)   

In this example, since Winn-Dixie achieved both the Identical Sales Increase and
Percentage of EBITDA Margin Growth performance metrics, the Performance Goal
would be deemed met and the Grantee would be entitled to 33% of the Restricted
Stock Unit Award for fiscal year 2012.

--------------------------------------------------------------------------------

 

LOGO [g2750811.jpg]

FORM OF

WINN-DIXIE STORES, INC.

FISCAL 2012 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FISCAL YEAR 2012 DIRECTOR AWARD

THIS AGREEMENT is made by and between WINN-DIXIE STORES, INC., a Florida
corporation (the “Company”), and [Name] (“Grantee”), effective as of November
[        ], 2011 (the “Effective Date”).

RECITALS

A. The Company has adopted and approved the Winn-Dixie Stores, Inc. Fiscal 2012
Equity Incentive Plan (the “Plan”), a copy of which is available upon request to
the Compensation Department; and

B. The Committee appointed to administer the Plan has determined that Grantee is
eligible to participate in the Plan and that it would be to the advantage and
best interest of the Company and its stockholders to grant the award of
Restricted Stock Units (as defined below) provided for herein to Grantee; and

C. This Agreement is prepared in conjunction with and under the terms of the
Plan. Terms used herein but not otherwise defined herein shall have the meanings
ascribed to such terms in the Plan; and

D. Grantee has accepted the grant of the Restricted Stock Units and agreed to
the terms and conditions hereinafter stated.

NOW THEREFORE, IN CONSIDERATION OF THE FOREGOING RECITALS AND OF THE PROMISES
AND CONDITIONS HEREIN CONTAINED, IT IS AGREED AS FOLLOWS:

ARTICLE I

GRANT OF RESTRICTED STOCK UNITS

Section 1.1—Grant of Restricted Stock Units.

Subject to the provisions of this Agreement and the provisions of the Plan, on
the Effective Date the Company granted to Grantee units evidencing a right to
receive [# Shares] shares of the Company’s common stock, par value $0.001 per
share (“Stock”) (the “Restricted Stock Units” or “Restricted Stock Unit Award”).

--------------------------------------------------------------------------------

WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 DIRECTOR AWARD

PAGE 2

 

ARTICLE II

RESTRICTIONS AND VESTING PERIOD

Section 2.1—Restrictions.

The Restricted Stock Units granted hereunder may not be sold, assigned,
transferred, pledged, hypothecated or otherwise encumbered or disposed of, other
than by will or the laws of descent and distribution.

Section 2.2—Vesting Period.

Subject to the forfeiture provisions set forth in Section 4.1, the Restricted
Stock Units shall become vested and shares of Stock shall become deliverable
pursuant to the schedule below (the “Vesting Period”):

 

%

   # of Shares   Date Restrictions Lapse

100%

   [# Shares]   [Vest Date]

Section 2.3—Accelerated Vesting – Change in Control.

If during the Vesting Period a Change in Control occurs, all Restricted Stock
Units shall become one hundred percent (100%) vested and paid out as of the date
of such Change in Control or promptly thereafter, in each case, in accordance
with the terms of the Plan.

Section 2.4—Accelerated Vesting – Retirement.

(a) If during the Vesting Period Grantee’s employment or service terminates as a
result of retirement after reaching 65 years of age, all unvested Restricted
Stock Units that otherwise would have vested during the calendar year of the
Grantee’s retirement shall become one hundred percent (100%) vested and paid out
as of their original vesting date or promptly thereafter, in each case, in
accordance with the terms of the Plan. All other unvested Restricted Stock Units
shall terminate upon the date of such retirement.

(b) If during the Vesting Period Grantee’s employment or service terminates as a
result of retirement any time between reaching 55 and 64 years of age after
Grantee has worked at least both ten (10) consecutive years with the Company and
fifty percent (50%) of the applicable fiscal year, all unvested Restricted Stock
Units that otherwise would have vested during the calendar year of the Grantee’s
retirement shall become one hundred percent (100%) vested and paid out as of
their original vesting date or promptly thereafter, in each case, in accordance
with the terms of the Plan. All other unvested Restricted Stock Units shall
terminate upon the date of such retirement.

--------------------------------------------------------------------------------

WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 DIRECTOR AWARD

PAGE 3

 

Section 2.5—Accelerated Vesting –Death.

If during the Vesting Period Grantee’s employment or service terminates as a
result of death, all unvested Restricted Stock Units shall become one hundred
percent (100%) vested and paid out as of the date of death or promptly
thereafter in accordance with the terms of the Plan.

Section 2.6—Accelerated Vesting – Permanent Total Disability.

If during the Vesting Period Grantee’s employment or service terminates as a
result of permanent total disability, all unvested Restricted Stock Units shall
become one hundred percent (100%) vested and paid out as of the date of
permanent total disability, or promptly thereafter in accordance with the terms
of the Plan, so long as Grantee executes non-disclosure and non-compete
restrictive covenants drafted by the Company within a reasonable period
following tender of same to Grantee.

ARTICLE III

NO STOCKHOLDER RIGHTS

Section 3.1—No Stockholder Rights.

Grantee shall have no rights of a stockholder of the Company with respect to the
Restricted Stock Units, including, but not limited to, the rights to vote and
receive ordinary dividends, until the date of issuance of a stock certificate
for such shares. In the event of an adjustment to the Restricted Stock Unit
Award pursuant to Section 5(e) of the Plan, then in such event, any and all new,
substituted or additional securities to which Grantee is entitled by reason of
the Restricted Stock Unit Award shall be immediately subject to the Restrictions
and Vesting Period set forth in Sections 2.1 through 2.6 above with the same
force and effect as the Restricted Stock Unit Award subject to such Restrictions
immediately before such event.

ARTICLE IV

CESSATION OF EMPLOYMENT

Section 4.1—Forfeiture.

If, at any time while the Restricted Stock Unit Award is outstanding, the
Grantee’s service with the Company or any Subsidiary or Affiliate is terminated
for any reason, then any unvested Restricted Stock Units pursuant to the
Restricted Stock Unit Award shall be forfeited to the Company and neither the
Grantee nor any of Grantee’s successors, heirs, assigns, or personal
representatives shall thereafter have any further rights or interests in such
Restricted Stock Unit Award.

--------------------------------------------------------------------------------

WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 DIRECTOR AWARD

PAGE 4

 

ARTICLE V

CERTIFICATES

Section 5.1—Certificates.

Upon vesting and subject to Section 8(i) of the Plan, the Company will notify
the Company’s transfer agent to establish an account for the shares of Stock
represented by this Agreement, net of any shares of Stock withheld by the
Company to satisfy the payment of mandatory taxes as described in Section 6.1
herein.

ARTICLE IV

TAXES

Section 6.1—Taxes.

The Grantee shall be required to pay to the Company in cash all federal, state
and local taxes required to be withheld in respect of settlement of Restricted
Stock Units, provided, that Committee may allow the Grantee to satisfy payment
of taxes due upon vesting of the Restricted Stock Units by having the Company
distribute to the Grantee shares of Stock net of the number of whole shares of
Stock the fair market value of which is equal to the minimum amount of federal,
state and local taxes required to be withheld under applicable tax laws (“sell
to cover”). Unless otherwise determined by the Committee with written notice to
the Grantee, the Grantee shall be deemed to have delivered a standing
authorization to the Committee to satisfy payment of taxes due upon vesting by
sell to cover; provided, however, that the Grantee may pay such taxes in cash
for any specific vesting event by providing written notice to the Committee of
the Grantee’s intent to pay such taxes by cash payment rather than by sell to
cover at least thirty (30) days prior to the vesting date and during an open
trading window. Any notice required hereunder shall be provided in accordance
with Section 8.2 hereof.

ARTICLE VII

RESTRICTIVE COVENANTS

Section 7.1—Restrictive Covenants.

If the Grantee engages in any conduct in breach of any noncompetition,
nonsolicitation or confidentiality obligations to the Company under any
agreement, policy or plan, then such conduct shall also be deemed to be a breach
of the terms of the Plan and this Agreement. Upon such breach, all portions of
the Restricted Stock Unit Award which are not then vested shall be cancelled and
forfeited.

--------------------------------------------------------------------------------

WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 DIRECTOR AWARD

PAGE 5

 

ARTICLE VIII

MISCELLANEOUS

Section 8.1—Incorporation of Plan.

This Agreement is made under the provisions of the Plan (which is incorporated
herein by reference) and shall be interpreted in a manner consistent with it. To
the extent that this Agreement is silent with respect to, or in any way
inconsistent with, the terms of the Plan, the provisions of the Plan shall
govern and this Agreement shall be deemed to be modified accordingly.

Section 8.2—Notices.

Any notice to be given under the terms of this Agreement shall be in writing and
addressed to the Company at 5050 Edgewood Court, Jacksonville, Florida
32254-3699, Attention: Corporate Secretary and Attention: Director of
Compensation, and to Grantee at the address set forth below or at such other
address as either party may hereafter designate in writing to the other by like
notice.

Section 8.3—Successor.

Except as otherwise provided hereunder, this Agreement shall be binding upon and
shall inure to the benefit of any successor or successors of the Company.

Section 8.4—Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of
the State of Florida. The Committee shall have final authority to interpret and
construe the Plan and this Agreement and to make any and all determinations
under them, and its decision shall be binding and conclusive upon the Grantee
and the Grantee’s legal representative in respect of any questions arising under
the Plan or this Agreement.

Section 8.5—Amendment.

This Agreement may not be amended in any manner except by an instrument in
writing signed by both parties hereto. The waiver by either party of compliance
with any provision of this Agreement shall not operate or be construed as a
waiver of any other provision of this Agreement or of any subsequent breach of
such party of a provision of this Agreement.

--------------------------------------------------------------------------------

WINN-DIXIE STORES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT –

FISCAL YEAR 2012 DIRECTOR AWARD

PAGE 6

 

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its
behalf by a duly authorized officer and Grantee has hereunto set Grantee’s hand.

 

WINN-DIXIE STORES, INC. BY:       Peter Lynch   President and Chief Executive
Officer   Dated: [Month]             , 20            

 

  [Name] [Address1] [Address2] [City], [St] [Zip Code]

 

Dated: