Exhibit 10.2

DOLLAR GENERAL CORPORATION

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

THIS AGREEMENT (the “Agreement”) is made effective as of [Date] (the “Grant
Date”), between Dollar General Corporation, a Tennessee corporation (hereinafter
called the “Company”), and [Name] (hereinafter referred to as the “Grantee”).
Capitalized terms not otherwise defined herein shall have the same meanings as
in the Dollar General Corporation Amended and Restated 2007 Stock Incentive
Plan, as amended from time to time (the “Plan”), the terms of which are hereby
incorporated by reference and made a part of this Agreement.

 

WHEREAS, the Company desires to grant the Grantee a restricted stock unit award
as provided for hereunder, ultimately payable in shares of Common Stock of the
Company, par value $0.875 per Share (the “Restricted Stock Unit Award”),
pursuant to the terms and conditions of this Agreement and the Plan; and

 

WHEREAS, the committee of the Company’s Board appointed to administer the Plan
(the “Committee”) has determined that it would be to the advantage and in the
best interest of the Company and its shareholders to grant the Restricted Stock
Unit Award provided for herein to the Grantee;

 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto do hereby agree as follows:

 

1.   Grant of the Restricted Stock Unit.  Subject to the terms and conditions of
the Plan and the additional terms and conditions set forth in this Agreement,
the Company hereby grants to the Grantee [xxxx] Restricted Stock Units.  A
“Restricted Stock Unit” represents the right to receive one share of Common
Stock upon satisfaction of the vesting and other conditions set forth in this
Agreement.  The Restricted Stock Units shall vest and become nonforfeitable in
accordance with Section 2 hereof.

 

2.   Vesting.

 

(a)The Restricted Stock Units shall become vested and nonforfeitable on the
first anniversary of the Grant Date (the “Vesting Date”), so long as the Grantee
continues to be a member of the Board through the Vesting Date.

 

(b)Notwithstanding the foregoing, to the extent the Restricted Stock Units have
not previously terminated or become vested and nonforfeitable (i) if the Grantee
ceases to be a member of the Board due to the Grantee’s death, Disability (as
defined below) or voluntary departure from the Board, then 100% of the
Restricted Stock Units that would have become vested and nonforfeitable on the
Vesting Date if the Grantee had remained a member of the Board through such date
will become vested and nonforfeitable upon such death, Disability or voluntary
departure from the Board; and (ii) the Restricted Stock Units shall become
immediately vested and nonforfeitable as to 100% of the shares of Common Stock
subject to such Restricted Stock Units immediately prior to a Change in Control
so long as the Grantee is a member of the Board through the date of the Change
in Control. 

 

(c)For the purposes of this Agreement, Disability shall have the meaning as
provided under Section 409A(a)(2)(C)(i) of the Code.

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(d)For purposes of this Agreement, a Change in Control (as defined in the Plan)
will be deemed to have occurred with respect to the Grantee only if an event
relating to the Change in Control constitutes a change in ownership or effective
control of the Company or a change in the ownership of a substantial portion of
the assets of the Company within the meaning of Treas. Reg. Section
1.409A-3(i)(5).

 

3.   Entitlement to Receive Common Stock.

 

(a)Shares corresponding to the number of Restricted Stock Units granted
herein (“RSU Shares”) are to be paid to the Grantee on the Vesting Date or, if
earlier, upon the Grantee’s death or Disability, upon a Change in Control, or
upon termination of Board service (but only to the extent the RSU Shares are
vested at the time of termination pursuant to Section 2). However, if the
Grantee has made a timely and valid irrevocable election to defer receipt of all
or any portion of the vested RSU Shares in accordance with the provisions of the
RSU Award Deferral Election Form provided to the Grantee and returned it to the
Company [for a Grantee receiving an Award under the Plan for the first time:
prior to the Grant Date] [for a Grantee receiving an annual Award: prior to
December 31 of the calendar year preceding the Grant Date] (such shares, the
“Deferred Shares”), any such Deferred Shares shall instead be paid on the date
so elected by the Grantee pursuant to such RSU Award Deferral Election Form, or,
if earlier, upon the Grantee’s death or Disability or upon a Change in Control.

 

(b)On any date on which any RSU Shares are to be paid to the Grantee in
accordance with Section 3(a) above, the Company shall deliver to the Grantee or
the Grantee’s legal representative or, if the Grantee is deceased, the Grantee’s
designated beneficiary, or, if none, his personal representative, a share
certificate or evidence of electronic delivery of such RSU Shares in the amount
of the RSU Shares so delivered to the Grantee, and such RSU Shares shall be
registered in the name of the Grantee.

 

(c)The shares of Common Stock deliverable upon the payment of a vested
Restricted Stock Unit may be either previously authorized but unissued Shares or
issued Shares, which have then been reacquired by the Company. Such Shares shall
be fully paid and nonassessable.

 

(d)Only whole shares of Common Stock shall be delivered in payment of a vested
Restricted Stock Unit. To the extent a vested Restricted Stock Unit (including
any additional Restricted Stock Units or Deferred Shares credited from dividends
pursuant to Section 4 below) includes a fractional share, on the date the RSU
Shares or Deferred Shares are to be paid to the Grantee, such fractional share
shall be paid to the Grantee or the Grantee’s legal representative or, if the
Grantee is deceased, the Grantee’s designated beneficiary, or if none, his
personal representative, in cash, in an amount that equals the Fair Market Value
of such fractional share on such payment date.

 

4.   Dividend Equivalents.  In the event that the Company pays any ordinary
dividend (whether in cash, shares of Common Stock or other property) on its
Shares, on the date such dividend is paid to shareholders the Grantee shall be
credited, based on the number of unvested Restricted Stock Units held by the
Grantee and the number of Deferred Shares (if any) that the Grantee is

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entitled to receive, in each case as of the record date of such dividend, with
additional Restricted Stock Units or Deferred Shares, as applicable, that
reflect the amount of such dividend (or if such dividend is paid in shares of
Common Stock or other property, the fair value of the dividend, as determined in
good faith by the Board). Any such additional Restricted Stock Units and
Deferred Shares, as applicable, shall be subject to all terms and conditions of
this Agreement.

 

5.   Transferability.  Neither the Restricted Stock Units prior to becoming
vested pursuant to Section 2 nor any interest or right therein or part thereof
shall be liable for the debts, contracts or engagements of the Grantee or his or
her successors in interest or shall be subject to disposition by transfer,
alienation, anticipation, pledge, encumbrance, assignment or any other means
whether such disposition be voluntary or involuntary or by operation of law by
judgment, levy, attachment, garnishment or any other legal or equitable
proceedings (including bankruptcy), and any attempted disposition thereof shall
be null and void and of no effect; provided, however, that this Section 5 shall
not prevent transfers by will or by the applicable laws of descent and
distribution.

 

6.    Grantee’s Continued Service on the Board. Nothing contained in this
Agreement or in any other agreement entered into by the Company and the Grantee
guarantees that the Grantee will continue to serve as a member of the Board for
any specified period of time.

 

7.   Change in Capitalization.  If any event described in Section 9 of the Plan
occurs, this Agreement and the Restricted Stock Units (and any Deferred Shares
due to be delivered hereunder) shall be adjusted to the extent required or
permitted, as applicable, pursuant to Section 9 of the Plan.

 

8.   Taxes. The Grantee shall have full responsibility, and the Company shall
have no responsibility, for satisfying any liability for any federal, state or
local income or other taxes required by law to be paid with respect to such
Restricted Stock Units, including upon the vesting of the Restricted Stock Units
and the delivery of any RSU Shares. The Grantee is hereby advised to seek his or
her own tax counsel regarding the taxation of the grant and vesting of the
Restricted Stock Units hereunder (and the tax consequences of any deferral
election made in respect of the delivery of any RSU Shares).

 

9.   Limitation on Obligations. This Restricted Stock Unit Award shall not be
secured by any specific assets of the Company or any of its Subsidiaries, nor
shall any assets of the Company or any of its Subsidiaries be designated as
attributable or allocated to the satisfaction of the Company’s obligations under
this Agreement.  In addition, the Company shall not be liable to the Grantee for
damages relating to any delays in issuing the share certificates or electronic
delivery thereof to him (or his designated entities), any loss of the
certificates, or any mistakes or errors in the issuance or registration of the
certificates or in the certificates themselves.

 

10. Securities Laws. The Company may require the Grantee to make or enter into
such written representations, warranties and agreements as the Committee may
reasonably request in order to comply with applicable securities laws.  The
granting of the Restricted Stock Units hereunder shall be subject to all
applicable laws, rules and regulations and to such approvals of any governmental
agencies as may be required.

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11. Notices. Any notice to be given under the terms of this Agreement to the
Company shall be addressed to the Company in care of its Secretary or his or her
designee, and any notice to be given to the Grantee shall be addressed to him at
the address given beneath his signature hereto.  By a notice given pursuant to
this Section 11, either party may hereafter designate a different address for
notices to be given to him. Any notice that is required to be given to the
Grantee shall, if the Grantee is then deceased, be given to the Grantee’s
personal representative if such representative has previously informed the
Company of his status and address by written notice under this Section 11.  Any
notice shall have been deemed duly given when delivered by hand or courier or
when enclosed in a properly sealed envelope or wrapper addressed as aforesaid,
deposited (with postage prepaid) in a post office or branch post office
regularly maintained by the United States Postal Service.

 

12.Governing Law. The laws of the State of Delaware shall govern the
interpretation, validity and performance of the terms of this Agreement
regardless of the law that might be applied under principles of conflicts of
laws.

 

13. Section 409A of the Code.  The provisions of Section 10(c) of the Plan are
hereby incorporated by reference. Notwithstanding the foregoing, the Company
shall not be liable to the Grantee in the event this Agreement or any payment or
benefit hereunder fails to be exempt from, or comply with, Section 409A of the
Code.

 

14.Restricted Stock Units Subject to Plan. The Restricted Stock Unit Award and
the Shares issued to the Grantee upon payment of the Restricted Stock Units
shall be subject to all terms and provisions of the Plan, to the extent
applicable to the Restricted Stock Units and such Shares. In the event of any
conflict between this Agreement and the Plan, the terms of the Plan shall
control.

 

15. Amendment and Termination.  This Agreement may be modified in any manner
consistent with Section 10 of the Plan.

 

16. Administration.  The Committee shall have the power to interpret the Plan
and this Agreement and to adopt such rules for the administration,
interpretation and application of the Plan as are consistent therewith and to
interpret or revoke any such rules.  All actions taken and all interpretations
and determinations made by the Committee shall be final and binding upon the
Grantee, the Company and all other interested persons. No member of the
Committee shall be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or the Restricted
Stock Unit Award.  In its absolute discretion, the Board may at any time and
from time to time exercise any and all rights and duties of the Committee under
the Plan and this Agreement.

 

17. Rights as Shareholder.  Except as may be otherwise provided in Section 7 of
this Agreement, the holder of a Restricted Stock Unit Award shall not be, nor
have any of the rights or privileges of, a shareholder of the Company in respect
of any Shares issuable upon the payment of a vested Restricted Stock Unit unless
and until a certificate or certificates representing such Shares shall have been
issued by the Company to such holder or, if the Common Stock is listed on a
national securities exchange, a book entry representing such Shares has been
made by the registrar of the Company.

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18.Signature in Counterparts. This Agreement may be signed in counterparts, each
of which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument.

 

[Signatures on next page.]

 

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.

 

 

 

DOLLAR GENERAL CORPORATION

 

 

 

 

 

By:

 

 

 

 

 

 

 

 

 

 

Name:

 

 

 

 

 

 

Title:

 

 

 

 

 

 

 

 

 

 

GRANTEE

 

 

 

 

 

 

 

 

[Name]

 

 

[Address]

 

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