Exhibit 10.2

FORM OF
O’REILLY AUTOMOTIVE, INC.
CHANGE IN CONTROL SEVERANCE AGREEMENT

THIS AGREEMENT, dated the _____ day of February, 2015, is made by and between
O’Reilly Automotive, Inc., a Missouri corporation (“O’Reilly”), and ** (the
“Executive”).
WHEREAS, the Company considers it essential to the best interests of its
stockholders to foster the continued employment of key management personnel; and
WHEREAS, the Board recognizes that, as is the case with many publicly held
corporations, the possibility of a Change in Control exists and that such
possibility, and the uncertainty and questions which it may raise among
management, may result in the departure or distraction of management personnel
to the detriment of the Company and O’Reilly’s stockholders; and
WHEREAS, the Board has determined that appropriate steps should be taken to
reinforce and encourage the continued attention and dedication of members of the
Company’s management, including the Executive, to their assigned duties without
distraction in the face of potentially disturbing circumstances arising from the
possibility of a Change in Control;
NOW, THEREFORE, in consideration of the premises and the mutual covenants herein
contained, the Company and the Executive hereby agree as follows:
1.Defined Terms. The definitions of capitalized terms used in this Agreement are
provided in the last Section hereof.

2.    Term of Agreement. The Term of this Agreement shall commence on the date
hereof and shall continue in effect through December 31, 2015; provided,
however, that commencing on January 1, 2016 and each January 1 thereafter, the
Term shall automatically be extended for one additional year unless, not later
than June 30 of the preceding year, O’Reilly or the Executive shall have given
notice not to extend the Term; and further provided, however, that if a Change
in Control shall have occurred during the Term, the Term shall expire twenty
four (24) months following the date on which such Change in Control occurred.

3.    Company’s Covenants Summarized. In order to induce the Executive to remain
in the employ of the Company and in consideration of the Executive’s covenants
set forth in Section 4 hereof, the Company agrees, under the conditions
described herein, to pay the Executive the severance payments and the other
payments and benefits described herein. No severance payments shall be payable
under this Agreement unless there shall have been (or, under the terms of the
second sentence of Section 6.1 hereof, there shall be deemed to have been) a
termination of the Executive’s employment with the Company following a Change in
Control and during the Term. This Agreement shall not be construed as creating
an express or implied contract of employment and, except as otherwise agreed in
writing between the Executive and the Company, the Executive shall not have any
right to be retained in the employ of the Company.

4.    The Executive’s Covenants. The Executive agrees that, subject to the terms
and conditions of this Agreement, in the event of a Potential Change in Control
during the Term, the Executive will remain in the employ of the Company until
the earliest of (i) a date which is six (6) months following the date of such
Potential Change in Control, (ii) the date of a Change in Control, or (iii) the
date of termination of the Executive’s employment (A) due to death or
Disability; (B) by the Executive for Good Reason or (C) by the Company for any
reason.

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5.    Compensation Other Than Severance Payments.

5.1    Following a Change in Control and during the Term, during any period that
the Executive fails to perform the Executive’s full‑time duties with the Company
as a result of incapacity due to injury, sickness or mental illness in each case
as diagnosed by a licensed and qualified physician, the Company shall pay the
Executive’s full salary to the Executive at the rate in effect at the
commencement of any such period, together with all compensation and benefits
payable to the Executive under the terms of any compensation or benefit plan,
program or arrangement maintained by the Company during such period (other than
any disability plan), until the Executive experiences a separation from service
from the Company by reason of the Executive’s Disability.

5.2    If the Executive’s employment shall be terminated for any reason
following a Change in Control and during the Term, the Company shall pay the
Executive’s full salary to the Executive through the Date of Termination at the
rate in effect immediately prior to the Date of Termination or, if higher, the
rate in effect immediately prior to the first occurrence of an event or
circumstance constituting Good Reason, together with all compensation and
benefits payable to the Executive through the Date of Termination under the
terms of the Company’s compensation and benefit plans, programs or arrangements
as in effect immediately prior to the Date of Termination or, if more favorable
to the Executive, as in effect immediately prior to the first occurrence of an
event or circumstance constituting Good Reason.

5.3    If the Executive’s employment shall be terminated for any reason
following a Change in Control and during the Term, the Company shall pay to the
Executive the Executive’s normal post‑termination compensation and benefits as
such payments become due subject to applicable State and Federal law. Such
post‑termination compensation and benefits shall be determined under, and paid
in accordance with, the Company’s retirement, insurance and other compensation
or benefit plans, programs and arrangements as in effect immediately prior to
the Date of Termination or, if more favorable to the Executive, as in effect
immediately prior to the occurrence of the first event or circumstance
constituting Good Reason.

6.    Severance Payments.

6.1    Subject to Section 6.2 hereof, if (i) the Executive’s employment is
terminated following a Change in Control and during the Term, other than (A) by
the Company for Cause, (B) by reason of death or Disability, or (C) by the
Executive without Good Reason, then the Company shall pay the Executive the
amounts, and provide the Executive the benefits, described in this Section 6.1
(“Severance Payments”), in addition to any payments and benefits to which the
Executive is entitled under Section 5 hereof; provided, however, that, in the
case of clauses (A), (B), (C), (D), (F) and (G) below, Executive shall have
executed and returned to the Company a release of claims substantially in the
form attached as Exhibit A hereto and such release shall become effective and
irrevocable within sixty (60) days following the Date of Termination (or the
date of the Change in Control in the case of such a termination of employment
described in the next sentence). For purposes of this Agreement, the Executive’s
employment shall be deemed to have been terminated following a Change in Control
by the Company without Cause or by the Executive with Good Reason, if (i) the
Executive’s employment is terminated by the Company without Cause prior to a
Change in Control (but only if a Change in Control occurs no later than six (6)
months following the Executive’s termination of employment); or (ii) the
Executive terminates his employment for Good Reason prior to a Change in Control
(but only if a Change in Control occurs no later than six (6) months following
the Executive’s termination of employment).

(A)    The Company shall pay to the Executive the following amounts: (i) salary
continuation on the same schedule as when employed for a duration of fifty two
(52) bi-weekly pay periods (such salary continuation period, the “Salary
Continuation Period”) at the Executive’s base salary as in effect immediately
prior to the Date of Termination or, if higher, in effect immediately prior to
the first occurrence of an event or circumstance constituting Good Reason, and
(ii) an amount equal to the Executive’s target annual bonus multiplied by 2.0
under

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the O’Reilly Management Incentive Program or any other annual incentive
compensation plan adopted by the Company in which the Executive participated in
respect of the fiscal year in which the Date of Termination occurs or, if
higher, such target annual bonus in effect immediately prior to the first
occurrence of an event or circumstance constituting Good Reason, such amount to
be paid on the date the Salary Continuation Period ends or the first business
day thereafter.

(B)    For the twenty four (24) month period immediately following the Date of
Termination, the Company shall arrange to provide the Executive and his
dependents life, disability, accident and health insurance benefits
substantially similar to those provided to the Executive and his dependents
immediately prior to the Date of Termination or, if more favorable to the
Executive, those provided to the Executive and his dependents immediately prior
to the first occurrence of an event or circumstance constituting Good Reason, at
no greater after-tax cost to the Executive than the after-tax cost to the
Executive immediately prior to such date or occurrence; provided, however, that
(i) the Executive’s and his qualified dependents’ COBRA eligibility period shall
include the period during which the Company is providing benefits under this
subsection (B); (ii) unless the Executive consents to a different method (or
elects COBRA coverage at applicable COBRA rates), such health insurance benefits
shall be provided through a third-party insurer; and (iii) the Executive shall
be responsible for the payment of premiums for such benefits in the same amount
as active employees of the Company. Benefits otherwise receivable by the
Executive pursuant to this Section 6.1(B) shall be reduced to the extent
benefits of the same type are received by or made available to the Executive
during the twenty four (24) month period following the Date of Termination (and
any such benefits received by or made available to the Executive shall be
reported to the Company by the Executive); provided, however, that the Company
shall reimburse the Executive for the excess, if any, of the after tax cost of
such benefits to the Executive over such cost immediately prior to the Date of
Termination or, if more favorable to the Executive, the first occurrence of an
event or circumstance constituting Good Reason. Notwithstanding the foregoing,
in the event that the Executive’s employment is terminated under circumstances
described in the second sentence of Section 6.1, on the sixtieth (60th) day
following the Change in Control the Company shall pay or reimburse the Executive
for any amounts or benefits it would have been required to pay or provide to the
Executive under this Section 6.1(C) during the period prior to the Change in
Control, determined as if the Change in Control occurred on the Date of
Termination.

(C)    Notwithstanding any provision of any annual incentive plan to the
contrary, the Company shall pay to the Executive an amount, in cash, equal to
the sum of (i) any unpaid incentive compensation which has been allocated or
awarded to the Executive for a completed fiscal year preceding the Date of
Termination under any such plan and which, as of the Date of Termination, is
contingent only upon the continued employment of the Executive to a subsequent
date, and (ii) a pro rata portion to the Date of Termination of Executive’s
target bonus for the year in which the Date of Termination occurs (or the target
in effect immediately prior to the first occurrence of an event or circumstance
constituting Good Reason), calculated by multiplying such target bonus by the
fraction obtained by dividing the number of full months and any fractional
portion of a month during such year through the Date of Termination by twelve
(12). Payments under this section shall be made on or before March 15 of the
year to which the bonus relates.

(D)    If the Executive would have become entitled to benefits under the
Company’s post-retirement health care or life insurance plans (as in effect
immediately prior to the Date of Termination (or, if more favorable to the
Executive, such plans as in effect immediately prior to the first occurrence of
an event or circumstance constituting Good Reason) had the Executive’s
employment terminated at any time during the period of twenty four (24) months
after the Date of Termination, the Company shall provide such post-retirement
health care or life insurance benefits to the Executive (subject to any employee
contributions required under the

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terms of such plans in the same amounts as active employees of the Company)
commencing on the date that such coverage would have first become available.

(E)    The Company shall pay the Executive, no later than thirty (30) days
following the Date of Termination (or earlier if required by applicable law), at
a daily salary rate based upon the Executive’s annual base salary in effect
immediately prior to the Date of Termination (or immediately prior to any
reduction resulting in a termination for Good Reason, if applicable), a lump sum
amount equal to all earned but unused vacation days through the Date of
Termination.

(F)    The Company shall pay, no later than the last day of the calendar year in
which they are incurred, the reasonable fees and expenses of a full service
nationally recognized executive outplacement firm until the earlier of the date
the Executive secures new employment or the date which is twenty four (24)
months following the Executive’s Date of Termination; provided that in no event
shall the aggregate amount of such payments exceed $30,000.

(G)    All unvested equity awards held by the Executive on the Date of
Termination (or the date of the Change in Control in the event of the
Executive’s termination under circumstances described in the second sentence of
Section 6.1) shall immediately vest, subject to the Company’s Insider Trading
Policy and applicable law, all other restrictions thereon shall lapse, and any
performance-based awards shall be deemed to have been earned at the target level
set forth in the applicable award agreement for any performance period not then
completed and all earned but unvested performance-based awards, including those
deemed to be earned pursuant to this sentence, shall immediately vest. All such
equity awards other than options (addressed in the immediately following
sentence) shall be settled and paid to the Executive in accordance with Section
6.3. Any option, including those that become vested and exercisable pursuant to
this Section 6.1(G), held by the Executive shall remain exercisable for a period
of twelve (12) months ending on the anniversary date of the Date of Termination
or of the Change in Control in the event of the Executive’s termination under
circumstances described in the second sentence of Section 6.1); provided, that
in no event shall any option be exercisable after the expiration of the original
term of such option. If the Executive’s stock options would terminate without
being exercised due to a blackout being in effect on the last day on which they
could be exercised pursuant to the immediately preceding sentence, the Company
shall pay to the Executive a lump sum cash payment equal to the amount that the
Executive would have received had the Executive exercised the options on such
date. If any of the Executive’s equity awards were forfeited prior to a Change
in Control following the Executive’s termination under circumstances described
in the second sentence of Section 6.1 but prior to the date of a Change in
Control, and, in the case of a stock option, the Change in Control occurs prior
to the original expiration date of the option, the Company shall, within thirty
(30) days following the date of the Change in Control, make a lump sum cash
payment to the Executive in respect of such equity awards in an amount equal to
(A) in the case of restricted shares, the aggregate Fair Market Value of the
shares of Company stock underlying the applicable award and (B) in the case of
an option, the excess of the Fair Market Value of a share of O’Reilly’s common
stock over the exercise price of such option, in each case determined as of the
date of the Change in Control without taking into account any restrictions
thereon. All payments under this paragraph (G) shall be made in accordance with
Section 6.3. Notwithstanding the foregoing, to the extent any equity awards
constitute “non-qualified deferred compensation” within the meaning of Section
409A of the Code, such awards shall be settled on the earliest date that would
be permitted under Section 409A of the Code without incurring penalty or
accelerated taxes thereunder.

(H)    Notwithstanding any other provision in this Section 6.1 or the underlying
option agreement, in the event of the Executive’s death, whether or not a Change
in Control has occurred, all awarded but unvested options shall immediately vest
and become exercisable by the Executive’s beneficiary for a period of 12 months
from the date of the

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Executive’s death; provided, that in no event shall any option be exercisable
after the expiration of the original term of such option.

6.2    (A)    Notwithstanding any other provisions of this Agreement, in the
event that any payment or benefit received or to be received by the Executive
(including any payment or benefit received in connection with a Change in
Control or the termination of the Executive’s employment, whether pursuant to
the terms of this Agreement or any other plan, arrangement or agreement) (all
such payments and benefits, including the Severance Payments, being hereinafter
referred to as the “Total Payments”) would be subject (in whole or part), to the
Excise Tax, then, after taking into account any reduction in the Total Payments
provided by reason of section 280G of the Code in such other plan, arrangement
or agreement, the portion of the Total Payments that does not constitute
deferred compensation within the meaning of section 409A of the Code shall first
be reduced and the portion of the Total Payments that does constitute deferred
compensation within the meaning of section 409A of the Code shall thereafter be
reduced (with cash payments being reduced before non-cash payments, and payments
to be made on a later payment date being reduced before payments to be made on
an earlier payment date), to the extent necessary so that no portion of the
Total Payments is subject to the Excise Tax but only if (A) the net amount of
such Total Payments, as so reduced (and after subtracting the net amount of
federal, state and local income taxes on such reduced Total Payments and after
taking into account the phase out of itemized deductions and personal exemptions
attributable to such reduced Total Payments) is greater than or equal to (B) the
net amount of such Total Payments without such reduction (but after subtracting
the net amount of federal, state and local income taxes on such Total Payments
and the amount of Excise Tax to which the Executive would be subject in respect
of such unreduced Total Payments and after taking into account the phase out of
itemized deductions and personal exemptions attributable to such unreduced Total
Payments).

(B)    For purposes of determining whether and the extent to which the Total
Payments will be subject to the Excise Tax, (i) no portion of the Total Payments
the receipt or enjoyment of which the Executive shall have waived at such time
and in such manner as not to constitute a “payment” within the meaning of
section 280G(b) of the Code shall be taken into account, (ii) no portion of the
Total Payments shall be taken into account which, in the opinion of tax counsel
(“Tax Counsel”) reasonably acceptable to the Executive and selected by the
accounting firm (the “Auditor”) which was, immediately prior to the Change in
Control, the Company’s independent auditor, does not constitute a “parachute
payment” within the meaning of section 280G(b)(2) of the Code (including by
reason of section 280G(b)(4)(A) of the Code) and, in calculating the Excise Tax,
no portion of such Total Payments shall be taken into account which, in the
opinion of Tax Counsel, constitutes reasonable compensation for services
actually rendered, within the meaning of section 280G(b)(4)(B) of the Code, in
excess of the Base Amount allocable to such reasonable compensation, and (iii)
the value of any non‑cash benefit or any deferred payment or benefit included in
the Total Payments shall be determined by the Auditor in accordance with the
principles of sections 280G(d)(3) and (4) of the Code.
(C)    At the time that payments are made under this Agreement, the Company
shall provide the Executive with a written statement setting forth the manner in
which such payments were calculated and the basis for such calculations
including, without limitation, any opinions or other advice the Company has
received from Tax Counsel, the Auditor or other advisors or consultants (and any
such opinions or advice which are in writing shall be attached to the
statement). If the Executive objects to the Company’s calculations, the Company
shall pay to the Executive such portion of the Severance Payments (up to 100%
thereof) as the Executive determines is necessary to result in the proper
application of subsection A of this Section 6.2.
6.3    Subject to the provisions of Section 17 hereof, the payments provided for
in subsections (A), (C) and (G) of Section 6.1 hereof shall be made (or shall
commence, as the case may be) on the sixtieth (60th) day following the Date of
Termination; provided that in the event the Executive becomes entitled to such
payments due to a termination described in the second sentence of Section 6.1,
such payments shall be made (or shall commence, as the case may be) on the
sixtieth (60th) day following the Change in Control. Notwithstanding the above,
to the extent the Executive is terminated (i) following a

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Change in Control but prior to a change in ownership or effective control of
O’Reilly or in the ownership of a substantial portion of the assets of O’Reilly
(within the meaning of section 409A of the Code) or (ii) prior to a Change in
Control in a manner described in the second sentence of Section 6.1, to the
extent required to avoid accelerated taxation and/or tax penalties under section
409A of the Code, amounts payable to the Executive hereunder, to the extent not
in excess of the amount that the Executive would have received under any other
pre-Change in Control severance plan or arrangement with the Company had such
plan or arrangement been applicable, shall be paid at the time and in the manner
provided by such plan or arrangement and the remainder shall be paid to the
Executive in accordance with the provisions of this Section 6.3.

6.4    The Company also shall pay to the Executive all reasonable legal fees and
expenses incurred by the Executive in disputing in good faith any issue
hereunder relating to the termination of the Executive’s employment, in seeking
in good faith to obtain or enforce any benefit or right provided by this
Agreement or in connection with any tax audit or proceeding to the extent
attributable to the application of section 4999 of the Code to any payment or
benefit provided hereunder. Such payments shall be made within five (5) business
days after delivery of the Executive’s written requests for payment accompanied
with such evidence of fees and expenses incurred as the Company reasonably may
require; provided that in no event will payment be made for requests that are
submitted later than December 15th of the year following the year in which the
expense is incurred.

7.    Termination Procedures and Compensation During Dispute.

7.1    Notice of Termination. After a Change in Control and during the Term, any
purported termination of the Executive’s employment (other than by reason of
death) shall be communicated by written Notice of Termination from one party
hereto to the other party hereto in accordance with Section 12 hereof. For
purposes of this Agreement, a “Notice of Termination” shall mean a notice which
shall indicate the specific termination provision in this Agreement relied upon
and shall set forth in reasonable detail the facts and circumstances claimed to
provide a basis for termination of the Executive’s employment under the
provision so indicated. Further, a Notice of Termination for Cause is required
to include a copy of a resolution duly adopted by the affirmative vote of not
less than three‑quarters (3/4) of the entire membership of the Board at a
meeting of the Board which was called and held for the purpose of considering
such termination (after reasonable notice to the Executive and an opportunity
for the Executive, together with the Executive’s counsel, to be heard before the
Board) finding that, in the good faith opinion of the Board, the Executive was
guilty of conduct set forth in clause (i) or (ii) of the definition of Cause
herein, and specifying the particulars thereof in detail.

7.2    Date of Termination. “Date of Termination,” with respect to any purported
termination of the Executive’s employment after a Change in Control and during
the Term, shall mean (i) if the Executive’s employment is terminated for
Disability, thirty (30) days after Notice of Termination is given (provided that
the Executive shall not have returned to the full‑time performance of the
Executive’s duties during such thirty (30) day period), and (ii) if the
Executive’s employment is terminated for any other reason, the date specified in
the Notice of Termination (which, in the case of a termination by the Company,
shall not be less than thirty (30) days (except in the case of a termination for
Cause) and, in the case of a termination by the Executive, shall not be less
than fifteen (15) days nor more than sixty (60) days, respectively, from the
date such Notice of Termination is given).

8.    Restrictive Covenants

8.1    During the Executive’s employment with the Company and for a period of
twenty four (24) months thereafter:

(A)    the Executive shall not, directly for the Executive or any third party,
become engaged in any business or activity which is directly in competition with
the Company and that also derives more than 5% of its annual revenue from the
sale of aftermarket automotive parts and products; provided,

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however, that this provision shall not restrict the Executive from owning or
investing in publicly traded securities after termination of employment.;

(B)    the Executive shall not solicit any person who was a customer of the
Company during the period of the Executive’s employment hereunder, or solicit
potential customers who are or were identified through leads developed during
the course of employment with the Company, or otherwise divert or attempt to
divert any existing business of the Company; and

(C)    the Executive shall not, directly for the Executive or any third party,
solicit, induce, recruit or cause another person in the employment of the
Company to terminate such employee’s employment for the purposes of joining,
associating, or becoming employed with any business or activity.

8.2    The Executive agrees that he will not, while employed with the Company or
at any time thereafter for any reason, in any fashion, form or manner, either
directly or indirectly, divulge, disclose or communicate to any person, firm,
corporation or other business entity, in any manner whatsoever, any confidential
information or trade secrets concerning the business of the Company, including,
without limiting the generality of the foregoing, any customer lists or other
customer identifying information, the techniques, methods or systems of the
Company’s operation or management, any information regarding its financial
matters, or any other material information concerning the business of the
Company, its manner of operation, its plans or other material data. The
provisions of this Section 8.2 shall not apply to (i) information that is public
knowledge other than as a result of disclosure by the Executive in breach of
this Section 8.2; (ii) information disseminated by the Company to third parties
in the ordinary course of business and not subject to a confidentiality
obligation; (iii) information lawfully received by the Executive from a third
party who, based upon inquiry by the Executive, is not bound by a confidential
relationship to the Company, or (iv) information disclosed under a requirement
of law or as directed by applicable legal authority having jurisdiction over the
Executive.

8.3    The Executive agrees that he will not, while employed with the Company or
at any time thereafter for any reason, in any fashion, form or manner, either
directly or indirectly, disparage or criticize the Company, or otherwise speak
of the Company, in any negative or unflattering way to anyone with regard to any
matters relating to the Executive’s employment by the Company or the business or
employment practices of the Company. The Company agrees that it will not, in any
fashion, form or manner, either directly or indirectly, disparage or criticize
the Executive or otherwise speak of the Executive in any negative or
unflattering way to anyone with regard to any matters relating to the
Executive’s employment with the Company. This Section shall not operate as a bar
to (i) statements reasonably necessary to be made in any judicial,
administrative or arbitral proceeding, or (ii) internal communications between
and among the employees of the Company with a job-related need to know about
this Agreement or matters related to the administration of this Agreement.

8.4    The Executive understands that in the event of a violation of any
provision of Section 8, the Company shall have the right to (i) seek injunctive
relief, in addition to any other existing rights provided in this Agreement or
by operation of law, without the requirement of posting bond and (ii) stop
making any future payments or providing benefits under this Agreement. The
remedies provided in this Section 8.4 shall be in addition to any legal or
equitable remedies existing at law or provided for in any other agreement
between the Executive and the Company, and shall not be construed as a
limitation upon, or as an alternative or in lieu of, any such remedies. If any
provisions of Section 8 shall be determined by a court of competent jurisdiction
to be unenforceable in part by reason of it being too great a period of time or
covering too great a geographical area, it shall be in full force and effect as
to that period of time or geographical area determined to be reasonable by the
court.

8.5    The Executive acknowledges that the provisions of Section 8 shall extend
to any business that becomes an affiliate of or successor to the Company or any
of its affiliates on account of a Change in Control or otherwise.

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9.    Requirement of Release. Notwithstanding anything in this Agreement to the
contrary, the Executive’s entitlement to any payments other than the Executive’s
accrued but unpaid base compensation and any accrued but unpaid or otherwise
vested benefits under any benefit or incentive plan determined at the time of
the Executive’s termination of employment shall be contingent upon the Executive
having executed and returned to the Company a release substantially in the form
attached as Exhibit A hereto and such release becoming effective and irrevocable
within sixty (60) days after the Date of Termination (or the date of the Change
in Control in the event of a termination described in the second sentence of
Section 6.1). If such release does not become effective within the time period
prescribed above, the Company’s obligations under Section 6.1 (other than
Section 6.1(E)) shall cease immediately.

10.    No Mitigation. The Company agrees that the Executive is not required to
seek other employment or to attempt in any way to reduce any amounts payable to
the Executive by the Company pursuant to Section 6 hereof. Further, except as
specifically provided in Section 6.1(B) hereof, no payment or benefit provided
for in this Agreement shall be reduced by any compensation earned by the
Executive as the result of employment by another employer, by retirement
benefits, by offset against any amount claimed to be owed by the Executive to
the Company, or otherwise.

11.    Successors; Binding Agreement.

11.1    In addition to any obligations imposed by law upon any successor to
O’Reilly, O’Reilly will require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of O’Reilly to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that O’Reilly would be
required to perform it if no such succession had taken place.

11.2    This Agreement shall inure to the benefit of and be enforceable by the
Executive’s personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees. If the Executive shall
die while any amount would still be payable to the Executive hereunder (other
than amounts which, by their terms, terminate upon the death of the Executive)
if the Executive had continued to live, all such amounts, unless otherwise
provided herein, shall be paid in accordance with the terms of this Agreement to
the executors, personal representatives or administrators of the Executive’s
estate.

12.    Notices. For the purpose of this Agreement, notices and all other
communications provided for in the Agreement shall be in writing and shall be
deemed to have been duly given when delivered or mailed by United States
registered mail, return receipt requested, postage prepaid, addressed, if to the
Executive, to the most recent address shown in the personnel records of the
Company and, if to O’Reilly, to the address set forth below, or to such other
address as either party may have furnished to the other in writing in accordance
herewith, except that notice of change of address shall be effective only upon
actual receipt:

To O’Reilly:     O’Reilly Automotive, Inc.
233 S. Patterson,
Springfield, Missouri 65802
Attention: General Counsel
                        
13.    Miscellaneous. No provision of this Agreement may be modified, waived or
discharged unless such waiver, modification or discharge is agreed to in writing
and signed by the Executive and such officer as may be specifically designated
by the Board. No waiver by either party hereto at any time of any breach by the
other party hereto of, or of any lack of compliance with, any condition or
provision of this Agreement to be performed by such other party shall be deemed
a waiver of similar or dissimilar provisions or conditions at the same or at any
prior or subsequent time. This Agreement supersedes any other agreements or
representations, oral or otherwise, express or implied, with respect to the
subject matter hereof which have been made by either party, including the Change
in Control

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Agreement between the Company and the Executive dated **; provided, however,
that this Agreement shall supersede any agreement setting forth the terms and
conditions of the Executive’s employment with the Company only in the event that
the Executive’s employment with the Company is terminated following a Change in
Control (or prior to a Change in Control under the circumstances described in
the second sentence of Section 6.1 hereof), by the Company other than for Cause
or by the Executive for Good Reason. The validity, interpretation, construction
and performance of this Agreement shall be governed by the laws of the State of
Missouri. All references to sections of the Exchange Act or the Code shall be
deemed also to refer to any successor provisions to such sections. Any payments
provided for hereunder shall be paid net of any applicable withholding required
under federal, state or local law and any additional withholding to which the
Executive has agreed. The obligations of the Company and the Executive under
this Agreement which by their nature may require either partial or total
performance after the expiration of the Term (including, without limitation,
those under Sections 6 hereof) shall survive such expiration.

14.    Validity. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect.

15.    Counterparts. This Agreement may be executed in several counterparts,
each of which shall be deemed to be an original but all of which together will
constitute one and the same instrument.

16.    Settlement of Disputes; Arbitration.

16.1    All claims by the Executive for benefits under this Agreement shall be
directed to and determined by the Board and shall be in writing. Any denial by
the Board of a claim for benefits under this Agreement shall be delivered to the
Executive in writing and shall set forth the specific reasons for the denial and
the specific provisions of this Agreement relied upon. The Board shall afford a
reasonable opportunity to the Executive for a review of the decision denying a
claim and shall further allow the Executive to appeal to the Board a decision of
the Board within sixty (60) days after notification by the Board that the
Executive’s claim has been denied. Notwithstanding the above, in the event of
any dispute, any decision by the Board hereunder shall be subject to a de novo
review by the arbitrator.

16.2    Any further dispute or controversy arising under or in connection with
this Agreement shall be settled exclusively by arbitration in Greene County,
Missouri in accordance with the rules of the American Arbitration Association
then in effect; provided, however, that the evidentiary standards set forth in
this Agreement shall apply. Judgment may be entered on the arbitrator’s award in
any court having jurisdiction.

17.    Section 409A. The intent of the parties is that payments and benefits
under this Agreement comply with section 409A of the Code to the extent subject
thereto or be exempt therefrom, and, accordingly, to the maximum extent
permitted, this Agreement shall be interpreted and administered to be in
compliance therewith. Notwithstanding anything contained herein to the contrary,
to the extent required to avoid the application of an accelerated or additional
tax under section 409A of the Code, the Executive shall not be considered to
have terminated employment with the Company for purposes of this Agreement until
such time as the Executive is considered to have incurred a “separation from
service” from the Company within the meaning of section 409A of the Code. Each
amount to be paid or benefit to be provided under this Agreement shall be
construed as a separately identified payment for purposes of section 409A of the
Code, and any payments that are due within the “short term deferral period” as
defined in section 409A of the Code shall not be treated as deferred
compensation unless applicable law requires otherwise. To the extent required to
avoid the application of an accelerated or additional tax under section 409A of
the Code, amounts that would otherwise be payable and benefits that would
otherwise be provided pursuant to this Agreement during the six-month period
immediately following the Executive’s termination of employment shall instead be
paid on the first business day after the date that is six months following the
Executive’s termination of employment (or upon the Executive’s death, if
earlier). The Company is entitled

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to determine whether any amounts under this Agreement are to be suspended or
delayed pursuant to the foregoing sentence, and the Company shall have no
liability to the Executive for any such determination or any errors made by the
Company in identifying the Executive as a specified employee. Any amounts so
suspended shall earn interest thereon, if applicable, calculated based upon the
then prevailing monthly short-term applicable federal rate. Notwithstanding the
foregoing, to the extent that the foregoing applies to the provision of any
ongoing welfare benefits to the Executive that would not be required to be
delayed if the premiums therefor were paid by the Executive, the Executive shall
pay the full cost of premiums for such welfare benefits during the six-month
period and the Company shall pay the Executive an amount equal to the amount of
such premiums paid by the Executive during such six-month period on the first
business day of the month following the expiration of the six-month period
referred to above. To the extent required to avoid an accelerated or additional
tax under section 409A of the Code, amounts reimbursable to Executive under this
Agreement shall be paid to Executive on or before the last day of the year
following the year in which the expense was incurred and the amount of expenses
eligible for reimbursement (and in-kind benefits provided to Executive) during
any one year may not effect amounts reimbursable or provided in any subsequent
year.

18.    Definitions. For purposes of this Agreement, the following terms shall
have the meanings indicated below:

(A)    “Affiliate” shall have the meaning set forth in Rule 12b-2 promulgated
under Section 12 of the Exchange Act.

(B)    “Auditor” shall have the meaning set forth in Section 6.2 hereof.

(C)    “Base Amount” shall have the meaning set forth in section 280G(b)(3) of
the Code.

(D)    “Beneficial Owner” shall have the meaning set forth in Rule 13d‑3 under
the Exchange Act.

(E)    “Board” shall mean the Board of Directors of the O’Reilly Automotive,
Inc..

(F)    “Cause” for termination by the Company of the Executive’s employment
shall mean (i) the deliberate and continued failure by the Executive to devote
substantially all the Executive’s business time and best efforts to the
performance of the Executive’s duties (other than any such failure resulting
from the Executive’s incapacity due to physical or mental illness or any such
actual or anticipated failure after the issuance of a Notice of Termination for
Good Reason by the Executive pursuant to Section 7.1 hereof) after a demand for
substantial performance is delivered to the Executive by the Board which demand
specifically identifies the manner in which the Board believes the Executive has
not substantially performed such duties; (ii) the deliberate engaging by the
Executive in gross misconduct which is demonstrably and materially injurious to
the Company, monetarily or otherwise; or (iii) the Executive’s conviction of, or
plea of guilty or nolo contendere to, a felony or any criminal charge involving
moral turpitude. For the purposes of this Agreement, no act, or failure to act,
on the part of the Executive shall be considered “deliberate” unless done, or
omitted to be done, by the Executive not in good faith and without reasonable
belief that such action or omission was in the best interests of the Company.

(G)    A “Change in Control” shall be deemed to have occurred (unless otherwise
determined by the Board) on the date upon which:
(a)    there occurs a merger or consolidation of O’Reilly or any direct or
indirect subsidiary of O’Reilly with any other corporation, other than (1) a
merger or consolidation which would result in the Voting Securities of O’Reilly
outstanding immediately prior to such merger or consolidation continuing to
represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity or any parent thereof) at least 50% of the
combined voting power of the

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securities of O’Reilly or such surviving entity or any parent thereof
outstanding immediately after such merger or consolidation, or (2) a merger or
consolidation effected to implement a recapitalization of O’Reilly (or similar
transaction) in which no Person is or becomes the Beneficial Owner, directly or
indirectly, of securities of O’Reilly representing 35 percent or more of the
combined voting power of O’Reilly's then outstanding Voting Securities (not
including in the securities Beneficially Owned by such Person any securities
acquired directly from O’Reilly);
(b)    there occurs any sale, lease, exchange, or other transfer (in one
transaction or a series of related transactions) of all, or substantially all,
of the assets of O’Reilly;
(c)    there is an adoption of any plan or proposal for the liquidation or
dissolution of O’Reilly;
(d)     any Person purchases any Voting Securities of O’Reilly (or securities
convertible into the Voting Securities) for cash, securities or any other
consideration pursuant to a tender offer or exchange offer, without the prior
consent of the Board;
(e)     any Person becomes the Beneficial Owner, directly or indirectly, of
securities of O’Reilly representing 35 percent or more of the Voting Securities
(not including in the securities Beneficially Owned by such Person any
securities acquired directly from O’Reilly); or
(f)     during any period of two consecutive years, the individuals who at the
beginning of such period constituted the entire Board cease, for any reason, to
constitute a majority thereof, unless the election, or the nomination for
election by O’Reilly's shareholders, of each new director was approved by a vote
of at least two-thirds of the directors then still in office who were directors
at the beginning of the period.
(H)    “Code” shall mean the Internal Revenue Code of 1986, as amended from time
to time.

(I)    “Company” shall mean O’Reilly Automotive, Inc. together with its current
and future affiliates and subsidiaries and, shall include any successor to its
business and/or assets which assumes and agrees to perform this Agreement by
operation of law, or otherwise; provided, however, that for purposes of
determining under (I) under Section 18(G) hereof whether or not a Change in
Control has occurred; and (II) under section 18 (S) hereof whether or not a
Potential Change in Control has occurred, both for purposes of the definitions
of Change in Control and Potential Change in Control, and any defined terms
contained within those definitions, “Company” shall be O’Reilly Automotive, Inc.

(J)    “Date of Termination” shall have the meaning set forth in Section 7.2
hereof.

(K)    “Disability” shall be deemed the reason for the termination by the
Company of the Executive’s employment, if, as a result of the Executive’s
incapacity due to injury, sickness or mental illness , in each case as diagnosed
by a licensed and qualified physician, the Executive shall have been absent from
the full‑time performance of the Executive’s duties with the Company for a
period of six (6) consecutive months, the Company shall have given the Executive
a Notice of Termination for Disability, and, within thirty (30) days after such
Notice of Termination is given, the Executive shall not have returned to the
full‑time performance of the Executive’s duties.

(L)    “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended
from time to time.

(M)    “Excise Tax” shall mean any excise tax imposed under section 4999 of the
Code.

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(N)    “Executive” shall mean the individual named in the first paragraph of
this Agreement.

(O)    “Fair Market Value” with respect to an equity award shall have the
meaning ascribed to such term in the equity plan pursuant to which the equity
award was granted.

(P)    “Good Reason” for termination by the Executive of the Executive’s
employment shall mean the occurrence (without the Executive’s express written
consent which specifically references this Agreement) after any Change in
Control, or prior to a Change in Control under the circumstances described in
the second sentence of Section 6.1 hereof (treating all references in paragraphs
(I) through (VII) below to a “Change in Control” as references to a “Potential
Change in Control”), of any one of the following acts by the Company, or
failures by the Company to act, unless, in the case of any act or failure to act
described below, such act or failure to act is corrected prior to the Date of
Termination specified in the Notice of Termination given in respect thereof:

(I)    a material diminution in the Executive’s authority, title, duties, or
responsibilities or the assignment to the Executive of duties or
responsibilities that are materially and adversely inconsistent with those in
effect immediately prior to the Change in Control; including, without
limitation, any such material diminution or assignment attributable to the
Executive no longer being employed by a public company;

(II)    a reduction of ten percent (10%) or more by the Company in the
Executive’s annual base salary as in effect on the date hereof or as the same
may be increased from time to time;
 
(III)    the relocation of the Executive’s principal place of employment to a
location more than fifty (50) miles from the Executive’s principal place of
employment immediately prior to the Change in Control or the Company’s requiring
the Executive to be based anywhere other than such principal place of employment
(or permitted relocation thereof) except for required travel on the Company’s
business to an extent substantially consistent with the Executive’s business
travel obligations prior to such event;

(IV)    the failure by the Company to continue in effect any plan, including but
not limited to incentive compensation and bonus plans, in which the Executive
participates immediately prior to the Change in Control which is material to the
Executive’s total compensation, unless an equitable arrangement (embodied in an
ongoing substitute or alternative plan) has been made with respect to such plan,
or the failure by the Company to continue the Executive’s participation therein
(or in such substitute or alternative plan) on a basis not materially less
favorable in terms of compensation opportunity (“materially less favorable”
shall be a reduction of ten percent (10%) or more in the compensation
opportunity), as existed immediately prior to the Change in Control except for
across-the-board compensation plan reductions similarly affecting all senior
executive officers of the Company;

(V)    the failure by the Company to continue to provide the Executive with
benefits substantially similar to those enjoyed by the Executive under any of
the Company’s retirement, life insurance, medical, health and accident, or
disability plans in which the Executive was participating immediately prior to
the Change in Control, the taking of any action by the Company which would
directly or indirectly materially reduce any of such benefits (a “material
reduction” shall be a reduction of ten percent (10%) or more in the value of the
aggregate benefits), or deprive the Executive of any material fringe benefit
enjoyed by the Executive at the time of the Change in Control

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except for across-the-board benefit reductions similarly affecting all senior
executive officers of the;

(VI)    a material breach by the Company of its obligations under this
Agreement; or

(VII)    any purported termination of the Executive’s employment which is not
effected pursuant to a Notice of Termination satisfying the requirements of
Section 7.1 hereof; for purposes of this Agreement, no such purported
termination shall be effective; or

(VIII)    failure of the Company to obtain assumption and agreement by a
successor of the Company to perform this Agreement as provided in Section 11.1.

The Executive’s right to terminate the Executive’s employment for Good Reason
shall not be affected by the Executive’s incapacity due to physical or mental
illness. The Executive’s continued employment shall not constitute consent to,
or a waiver of rights with respect to, any act or failure to act constituting
Good Reason hereunder. In no event will the Executive have Good Reason to
terminate employment unless such act or failure to act results in a material
negative change to the Executive’s employment that has not been cured within 30
days after a Notice of Termination is delivered by the Executive to the Company.
The Executive must also provide notice to the Company of the Good Reason
condition within ninety (90) days of the initial existence of such condition.
(Q)    “Notice of Termination” shall have the meaning set forth in Section 7.1
hereof.

(R)    “Person” shall have the meaning given in Section 3(a)(9) of the Exchange
Act, as modified and used in Sections 13(d) and 14(d) thereof, except that such
term shall not include (i) the Company, (ii) a trustee or other fiduciary
holding securities under an employee benefit plan of the Company, (iii) an
underwriter temporarily holding securities pursuant to an offering of such
securities, or (iv) a corporation or other entity owned, directly or indirectly,
by the stockholders of O’Reilly in substantially the same proportions as their
ownership of stock of O’Reilly.

(S)    “Potential Change in Control” shall be deemed to have occurred if the
event set forth in any one of the following paragraphs shall have occurred:

(I)    O’Reilly enters into an agreement, the consummation of which would result
in the occurrence of a Change in Control;

(II)    O’Reilly or any Person publicly announces an intention to take or to
consider taking actions which, if consummated, would constitute a Change in
Control;

(III)    any Person becomes the Beneficial Owner, directly or indirectly, of
securities of O’Reilly representing 30% or more of the Voting Securities (not
including in the securities Beneficially Owned by such Person any securities
acquired directly from O’Reilly); or

(IV)    the Board adopts a resolution to the effect that, for purposes of this
Agreement, a Potential Change in Control has occurred.

(T)    “Severance Payments” shall have the meaning set forth in Section 6.1
hereof.

(U)    “Tax Counsel” shall have the meaning set forth in Section 6.2 hereof.

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(V)    “Term” shall mean the period of time described in Section 2 hereof
(including any extension, continuation or termination described therein).

(W)    “Total Payments” shall mean those payments so described in Section 6.2
hereof.

(X)    “Voting Securities” shall mean the then outstanding securities of
O’Reilly ordinarily (and apart from rights accruing under special circumstances)
having the right to vote in the election of directors (calculated as provided in
paragraph (d) of Rule 13d-3 under the Exchange Act in the case of rights to
acquire O’Reilly's securities).

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

O’REILLY AUTOMOTIVE, INC.

By:______________________________________________
Name:    Jeffrey L. Groves
Title:    Vice-President of Legal Services/General Counsel

_________________________________________________
Name:    *
Title:    *

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Exhibit A

GENERAL RELEASE