Exhibit 10.26

 

Limited Waiver of Certain Tax and Tax Gross-Up Rights

 

Reference is made to the Amended and Restated Employment Agreement, effective
April 23, 2010 (the “Employment Agreement”), between Dollar General Corporation,
a Tennessee corporation (the “Company”), and Richard Dreiling  (“Executive”). 
Terms not otherwise defined herein shall have the meanings ascribed thereto in
the Employment Agreement.

 

In consideration for a one-time salary adjustment, effective January 1, 2013,
Executive hereby forever waives the following rights, but solely with respect to
the tax and tax gross-up provisions, as set forth in Sections 5(f) and 5(g) of
the Employment Agreement:

 

5(f)  ....The Company shall pay Executive’s reasonable legal fees incurred in
connection with any consultation with an attorney regarding this Agreement (up
to $15,000), “grossed up” for all federal and state income and employment taxes
(and for such taxes on such gross-up payment), to the extent any such amount is
taxable to Executive, no later than the end of the applicable calendar year in
which the expenses were incurred.

 

5(g)  ....To the extent the Company’s payment or reimbursement of Executive’s
expenses in relation to his professional club memberships are required to be
included in Executive’s income for income tax purposes or as wages for
employment tax purposes, the Company will pay to Executive an amount necessary
to “gross-up” Executive for state and federal income and employment tax purposes
(and for such taxes on such gross-up payment), which gross-up amount shall be
paid to Executive no later than the end of the applicable calendar year in which
the expenses were incurred.

 

The foregoing limited waiver will become effective January 1, 2013. If the
one-time salary adjustment referenced above is not implemented for any reason,
the foregoing limited waiver will not become effective.   Executive shall not be
deemed to have waived any other rights contained in the Employment Agreement,
including any rights set forth in Sections 5(f) and 5(g) thereto, that do not
pertain to the specific tax and tax gross-up rights referenced above.

 

 

Date:

12/3/2012

 

/s/ Richard W. Dreiling

 

Richard W. Dreiling

 

 

 

 

 

 

 

 

Date:

12/3/2012

 

Accepted: DOLLAR GENERAL CORPORATION

 

 

 

By:

/s/ Bob Ravener

 

 

Name: Bob Ravener

 

 

Title: EVP, Chief People Person

 

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