Employment Letter



 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 AGREEMENT, dated as of June 16, 2008 by and between Susser Holdings Corporation,
a Delaware corporation and its subsidiaries and affiliates including Stripes Holdings LLC (hereinafter collectively referred to as the “Company”), and Steven C. DeSutter (“Executive”). 
 WHEREAS, the Company desires to employ Executive so it will have the benefit of his ability, experience and services, and the Executive is willing to
enter into an agreement upon the terms and conditions set forth below; 
 NOW THEREFORE, in consideration of the premises and the mutual
covenants set forth below the parties hereby agree as follows: 
 1. Employment. Effective as of June 18, 2008 (the
“Effective Date”), the Company agrees to employ Executive as Executive Vice President of the Company. In addition Executive shall serve as President and Chief Executive Officer of Stripes LLC (“Stripes”), and Executive hereby
accepts such employment on the terms and conditions hereinafter set forth. Subject to Sections 6 and 8, Executive’s employment with the Company is “at will” and the Company may terminate Executive’s employment, with or without
Cause and Executive may terminate his employment for any reason after providing any required notice. 
 2. Duties. Executive shall
have such duties as assigned by Sam L. Susser (the “CEO” of the Company). Executive shall devote his full working time, attention and energies (other than absences due to illness or vacation) to the business and affairs of the Company and
its subsidiaries. Notwithstanding the above, Executive shall be permitted, to the extent such activities do not interfere with the performance by Executive of his duties and responsibilities hereunder to (i) manage Executive’s personal,
financial and legal affairs and (ii) to serve on corporate, civic or charitable boards or committees (it being expressly agreed that Executive may continue to serve on the board and/or committees set forth on Exhibit A). 
 3. Term. The term of employment of the Executive under this Agreement (the “Term”) shall commence on the Effective Date and shall
continue in full force and effect through June 18, 2013; provided, however, that unless the CEO of the Company or the Executive provides the other with written notice of termination of this Agreement at least thirty
(30) days’ prior to any date on which this Agreement would otherwise expire, the term of employment hereunder shall be automatically extended for one (1) year from each such date. 
 4. Place of Performance. The principal place of employment of Executive shall be in Corpus Christi, Texas or such other location as the Company
may relocate its corporate headquarters and its executive officers. Any required relocation will be at the expense of Company pursuant to a relocation package offered to its executive officers. 







 5. Compensation and Related Matters. 
 (a) Base Salary. For performance of services under this Agreement, Executive shall receive a base salary of $450,000 per year (“Base
Salary”). Executive’s Base Salary shall be paid in approximately equal installments in accordance with the Company’s customary payroll practices. The Compensation Committee of the Board of Directors of the Company
(“Committee”) shall review Executive’s Base Salary no less frequently than annually and consistent with the compensation practices and guidelines of the Company and may increase (but not decrease) such salary during the Term of this
Agreement. If Executive’s Base Salary is increased, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. 
 (b) Annual Bonus. In addition to Base Salary, Executive will be eligible to receive an annual bonus with a target amount of 50% of Base Salary upon the achievement of annually established performance targets.
Such performance targets shall be established by the Committee in consultation with the CEO of the Company. For fiscal year 2008, the bonus shall be pro-rated for the number of days of actual employment. For 2008, one-third of the bonus amount shall
be based on EBITDAR performance of Stripes and two-thirds based on the EBITDAR performance of the Company. The bonuses described in this section shall be paid as soon as practicable following completion of the audit of the fiscal year to which they
relate, but in no event later than the 15th day of the third month of the following fiscal year. 
 (c) Expenses. The Company shall
promptly, but no later than 21 business days after the receipt of reasonably itemized statements, reimburse Executive for all reasonable business expenses upon the presentation of such statements of such expenses in accordance with the
Company’s policies and procedures now in force or as such policies and procedures may be modified with respect to all senior executive officers of the Company. 
 (d) Benefit Plans and Perquisites. Executive (and his spouse and dependents to the extent provided therein) shall be entitled to participate in and be covered under all employee benefit plans or programs
maintained by the Company from time to time for the benefit of its senior executives including, without limitation, 401(k), deferred compensation, vacation, all medical, hospitalization, dental, disability, life insurance, accidental death and
dismemberment and travel accident insurance plans and programs. 
 (e) Long-Term Compensation. 
 (i) Stock Options. On the Effective Date (or as soon as practicable thereafter), Executive shall be granted pursuant to the terms
of the Susser Holdings Corporation 2006 Equity Plan (the “Plan”) an option to purchase 250,000 shares of the Company’s common stock with an exercise price equal to the Fair Market Value (as defined under the Plan) on the date of grant
(the “Option”). One third of the Option shall vest on each of the third through fifth anniversaries of the date of grant and shall have such other terms as are customarily provided to similarly situated employees. 
  

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 (ii) Restricted Stock. As soon as practicable following the Effective Date,
Executive shall be granted under the Plan 10,000 shares of Restricted Stock (as defined in the Plan). One third of the Option shall vest on each of the third through fifth anniversaries of the date of grant and shall have such other terms as are
customarily provided to similarly situated employees. 
 (f) Signing Bonus. Executive shall be entitled to a signing bonus (the
"Signing Bonus") in the amount of $100,000. The Signing Bonus shall be fully earned upon the Effective Date and shall be paid to Executive by the Company thirty (30) days following the Effective Date. 
 (g) Relocation. The Company shall reimburse Executive for the reasonable and customary expenses associated with Executive’s relocation to
Corpus Christi, Texas. Such reimbursed expenses shall include relocation of household and personal items (including the transport of additional vehicles) and temporary storage of such items for up to 12 months. In addition, the Company shall
reimburse executive for temporary housing (at a hotel or apartment) for up to 90 days and reasonable direct out of pocket transaction expenses associated with the sale or purchase of one residence (such as broker’s commission, title insurance
etc.). 
 (h) Vacation. Executive shall be entitled to 20 business days of paid vacation per year in accordance with the
Company’s regular vacation policy. 
 6. Termination. Executive’s employment hereunder will terminate upon the following
events: 
 (a) Death. Executive’s employment hereunder shall terminate upon his death. 
 (b) Disability. Executive’s employment may be terminated by the Company if, as a result of Executive’s incapacity due to physical or
mental illness, Executive is unable to perform his duties for six (6) consecutives months and within thirty (30) days after a Notice of Termination is given to Executive, Executive has not returned to work. 
 (c) Cause. The Company shall have the right to terminate Executive’s employment for Cause. Cause shall mean: 
 (i) Executive’s conviction of, or plea of guilty or nolo contendere to, a felony, or Executive’s commission of an act of fraud
or embezzlement against the Company or any of its subsidiaries or affiliates; 
  

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 (ii) Executive’s willful and material breach of the Agreement by Executive which is
economically harmful to the Company or any of its subsidiaries; 
 (iii) Executive’s willful misconduct that is
economically injurious to the Company or any of its subsidiaries; or 
 (iv) Executive’s willful failure to follow the
reasonable and lawful directives of the Board of Directors of the Company; or 
 (v) Executive’s material failure or
neglect to carry out his job functions (other than by reason of a physical or mental impairment), that continues after the Executive has been provided with specific notice of such failure or neglect, and a reasonable opportunity to correct the same.

 For purposes of this Section 6(c), no act, or failure to act, by Executive shall be considered “willful” unless committed in bad faith and
without a reasonable belief that the act or omission was in the best interests of the Company or its subsidiaries. No termination for Cause shall be effective unless such determination is made by a majority of the Board of Directors of the Company,
at a meeting of the Board of Directors of the Company held for such purpose, where Executive and his counsel had an opportunity on at least fifteen (15) days’ notice to be heard before the Board of Directors of the Company. 
 (d) Good Reason. Executive may terminate his employment for “Good Reason” within thirty (30) days after Executive has actual
knowledge of the occurrence without the written consent of Executive, of one of the following events: 
 (i) a material
reduction by the Company in Executive’s Base Salary or target bonus percentage; 
 (ii) the Company’s (or any
affiliate’s) failure to provide any material employee benefits due to be provided to Executive; 
 (iii) any material
breach of this Agreement by the Company, as applicable; 
  

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 (iv) the failure of the Company to appoint Executive as a successor CEO to Sam L. Susser
within 120 days following Mr. Susser’s termination or resignation as CEO for any reason; 
 (v) within 120 days
following a Change in Control (as defined below) Executive does not continue to act as, and is not otherwise appointed, the President and Chief Executive Officer of the consolidated retail business operations of the post Change in Control company.

 The Executive shall provide the Company with notice of any event or occurrence which he believes constitutes Good Reason. For purposes of the definition
of Good Reason, an isolated, insubstantial and inadvertent action taken in good faith, or an act or omission which is remedied by the Company within thirty (30) days after receipt of notice thereof given by Executive shall not constitute Good
Reason. Executive’s continued employment shall not constitute consent to, or a waiver of rights with respect to, any event or condition constituting Good Reason. 
 For purposes of this Agreement, Change of Control shall mean the occurrence of one of the following events: 
 (1) Any Person or “group” (within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended) of Persons (other than one or more of Sam L. Susser or Wellspring Capital Management LLC or any of their
respective controlled affiliates (each, a “Permitted Holder”)) becomes the Beneficial Owner, directly or indirectly, of more than fifty percent (50%) of the combined voting power of the then outstanding voting securities of the
Company entitled to vote generally in the election of its directors (the “Outstanding Company Voting Securities”) including by way of merger, consolidation or otherwise; provided, however, that for purposes of this
definition, the following acquisitions shall not constitute a Change of Control: (A) any acquisition of voting securities of the Company directly from the Company, including without limitation, a public offering of securities or (B) any
acquisition by the Company or any of its Subsidiaries of Outstanding Company Voting Securities, including an acquisition by any employee benefit plan or related trust sponsored or maintained by the Company or any of its Subsidiaries; 
 (2) During any period of two consecutive years, individuals who constitute the Board as of the beginning of such period (the “Incumbent
Directors”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the beginning of such period whose election to the Board, or nomination
for election by the Company’s stockholders, was approved by a vote of at least a majority of the Incumbent Directors (including directors whose election or nomination was previously so approved), shall be considered as though such individual
were a member of the Board as of the beginning of such two-year period; or 
 (3) Consummation of a reorganization, merger, or consolidation
to which the Company is a party or a sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), unless, 

  

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following such Business Combination: (A) any Permitted Holder and/or individuals and entities who were the Beneficial Owners of Outstanding Company
Voting Securities immediately prior to such Business Combination are the Beneficial Owners, directly or indirectly, of more than fifty percent (50%) of the combined voting power of the outstanding voting securities entitled to vote generally in
the election of directors (or election of members of a comparable governing body) of the entity resulting from the Business Combination (including, without limitation, an entity which as a result of such transaction owns all or substantially all of
the Company or all or substantially all of the Company’s assets either directly or through one or more Subsidiaries) (the “Successor Entity”) in substantially the same proportions as their ownership immediately prior to such
Business Combination of the Outstanding Company Voting Securities; (B) no Person (excluding any Successor Entity or any employee benefit plan or related trust of the Company, such Successor Entity, or any of their Subsidiaries) is the
Beneficial Owner, directly or indirectly, of more than fifty percent (50%) of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors (or comparable governing body) of the
Successor Entity, except to the extent that such ownership existed prior to the Business Combination; and (C) at least a majority of the members of the board of directors (or comparable governing body) of the Successor Entity were Incumbent
Directors (including persons deemed to be Incumbent Directors) at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination. 
 (e) Without Cause. The Company shall have the right to terminate Executive’s employment hereunder without Cause by providing Executive with
a Notice of Termination at least ten (10) days prior to such termination. 
 (f) Without Good Reason. Executive shall have the
right to terminate his employment hereunder without Good Reason by providing the Company with a Notice of Termination at least thirty (30) days prior to such termination. 
 7. Termination Procedure. 
 (a)
Notice of Termination. Any termination of Executive’s employment by the Company or by Executive (other than termination by reason of death) shall be communicated by written Notice of Termination to the other party hereto in accordance
with Section 14. 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 Executive’s employment under the provision so indicated. 
 (b) Date
of Termination. “Date of Termination” shall mean (i) if Executive’s employment is terminated by his death, the date of his death, (ii) if Executive’s employment is terminated pursuant to Section 6(b), thirty
(30) days after Notice of Termination, and (iii) if Executive’s employment is terminated for any other reason, the date on which a Notice of Termination is given or any later date (within thirty (30) days after the giving of such
notice) set forth in such Notice of Termination. 
  

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 8. Compensation Upon Termination. In the event Executive’s employment terminates due to death
or disability or terminates during the Term for reasons other than death or disability, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this
Section 8 constitute liquidated damages for termination of his employment during the Term. 
 (a) Termination upon Executive’s
death. If the Executive’s employment terminates during the Term due to the Executive’s death, then: 
 (i) The
Company shall pay Executive’s beneficiary, in a lump sum as soon as practicable following the Date of Termination, (A) Executive’s accrued but unpaid Base Salary through the Date of Termination, (B) Executive’s accrued
vacation pay through the Date of Termination and (C) a pro-rata portion of Executive’s target bonus for the year in which the termination of employment occurs; 
 (ii) the Company shall provide Executive’s spouse and dependents with continued health benefits under the Company benefit plans, as
applicable, for a period of one (1) year following the Date of Termination; and 
 (iii) notwithstanding any provision
in any equity incentive plan or equity award agreement to the contrary, all restricted stock and stock options described in Section 5(e) and held by Executive immediately prior to the Date of Termination shall vest. 
 (b) Termination upon Executive’s disability. If Executive’s employment is terminated by reason of disability, then: 
 (i) The Company shall pay Executive, in a lump sum as soon as practicable following the Date of Termination, (A) his accrued but
unpaid Base Salary through the Date of Termination, (B) accrued vacation pay through the Date of Termination and (C) a pro-rata portion of his target bonus for the year in which the termination of employment occurs; and 
 (ii) notwithstanding any provision in any equity incentive plan or equity award agreement to the contrary, all restricted stock and stock
options described in Section 5(e) and held by Executive immediately prior to the Date of Termination shall vest. 
 (c) Termination
By Company without Cause or By Executive for Good Reason. If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason and subject to Executive’s execution and effectiveness of a General Release
of Claims in the form attached hereto as Exhibit B (the “Release”) and his compliance with Section 10, then: 
 (i) Notwithstanding any provision in any equity incentive plan or equity award agreement to the contrary, all restricted stock described in Section 5(e) and held by Executive immediately prior to the Date of Termination shall vest. In
addition, if the Fair Market Value (“FMV”) (as defined in the Plan) of the Restricted Stock as of the Date of Termination is less than the Base Salary, then the Executive shall receive a cash lump sum payment equal to the difference
between the Base Salary and the FMV of the Restricted Stock on the Date of Termination, provided, however, that the lump sum cash payment shall be at least $300,000 if Executive’s employment is terminated within 12 months of the Effective Date
and at least $150,000 during the balance of the Term. The cash payment if any, shall be paid as soon as practicable following the Date of Termination, but in no event later than 30 days thereafter; 
  

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 (ii) Executive, his spouse and his dependents shall be eligible for continued health
insurance benefits for a period of twenty-four (24) months following the Date of Termination; provided that such continuation of health insurance benefits shall be in addition to and not concurrent with any health continuation rights required
by Section 4980B of the Code; 
 (iii) The Company shall reimburse Executive pursuant to Section 5 for reasonable
expenses incurred, but not paid prior to such termination of employment; and 
 (iv) Executive shall be entitled to any other
rights, compensation and/or benefits as may be due to Executive in accordance with the terms and provisions of any agreements, plans or programs of the Company, excluding, however, any benefits under any severance plan maintained by the Company.

 (d) Termination By Company For Cause or By Executive Without Good Reason. If Executive’s employment is terminated by the
Company for Cause or by Executive other than for Good Reason then: 
 (i) The Company shall pay Executive his accrued but
unpaid Base Salary and to the extent permitted by the Company’s vacation policy, his accrued vacation pay through the Date of Termination, as soon as practicable following the Date of Termination; 
 (ii) The Company shall reimburse Executive pursuant to Section 5 for reasonable expenses incurred, but not paid prior to such
termination of employment; and 
  

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 (iii) Executive shall be entitled to any other rights, compensation and/or benefits as
may be due to Executive in accordance with the terms and provisions of any agreements, plans or programs of the Company. 
 9.
Mitigation. Executive shall not be required to mitigate amounts payable under this Agreement by seeking other employment or otherwise, and there shall be no offset against amounts due Executive under this Agreement on account of subsequent
employment except as specifically provided herein. Additionally, amounts owed to Executive under this Agreement shall not be offset by any claims the Company may have against the Executive 
 10. Restrictive Covenants. Executive hereby acknowledges that the position contemplated by this Agreement will necessitate the receipt and/or
development and implementation by Executive of valuable and proprietary Company information and trade secrets, the inappropriate disclosure or misappropriation of which would cause the Company serious competitive harm. Accordingly, Executive hereby
agrees as follows: 
 (a) Non-Competition. In consideration of his employment hereunder and in view of the confidential position to be
held by Executive hereunder, he will not, except as a passive investor owning less than a 2% interest in a publicly held company, at any time during the Restricted Period, acting alone or in conjunction with others, directly or indirectly engage in,
or own or control any interest in, or act as a director, officer or employee of, or consultant to, or otherwise be employed by any business engaged in the operation of convenience stores, wholesale fuel distribution or any other business conducted
by the Company or any of its subsidiaries or affiliates in any county in which the Company operates as of the date of Executive’s termination of employment. This non-competition provision excludes (i) the passive ownership by Executive of
real estate properties that may be leased to convenience store operators and ownership in the Company after termination, and (ii) employment by or consultant to a national quick serve restaurant company after termination. For purposes hereof,
the “Restricted Period” means the period from the Effective Date through the second anniversary of the Executive’s termination of employment with the Company for any reason. 
 (b) Non-Solicitation. Without the consent in writing of the Board of Directors of the Company, Executive will not, at any time during the
Restricted Period, acting alone or in conjunction with others, directly or indirectly induce, or attempt to influence, any employee of the Company or any of its affiliates to terminate employment. 
 (c) Non-Disclosure; Ownership of Work. Executive shall not, at any time during the Term and thereafter (including following Executive’s
termination of employment for any reason), disclose, use, transfer, or sell, except in the course of employment with or other service to the Company, any proprietary information, secrets, organizational or employee information, or other confidential
information belonging or 

  

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relating to the Company and its affiliates and customers so long as such information has not otherwise been disclosed or is not otherwise in the public
domain, except as required by law or with the Company’s consent. In addition, upon termination of employment for any reason, Executive will return to the Company or its affiliates all documents and other media containing information belonging
or relating to the Company or its affiliates. Executive will promptly disclose in writing to the Company all inventions, discoveries, developments, improvements and innovations (collectively referred to as "Inventions") that Executive has conceived
or made during the Term; provided, however, that in this context “Inventions” are limited to those which (i) relate in any manner to the existing or contemplated business or research activities of the Company and its affiliates;
(ii) are suggested by or result from Executive’s work at the Company; or (iii) result from the use of the time, materials or facilities of the Company and its affiliates. All Inventions will be the Company’s property rather than
Executive’s. Should the Company request it, Executive agrees to sign any document that the Company may reasonably require to establish ownership in any Invention. 
 (d) Blue Pencil. The parties hereby acknowledge that the restrictions in this Section 10 have been specifically negotiated and agreed to by the parties hereto and are limited only to those restrictions
necessary to protect the Company and its subsidiaries from unfair competition. The parties hereby agree that if the scope or enforceability of any provision, paragraph or subparagraph of this Section 10 is in any way disputed at any time, and
should a court find that such restrictions are overly broad, the court may modify and enforce the covenant to the extent that it believes to be reasonable under the circumstances. Each provision, paragraph and subparagraph of this Section 10 is
separable from every other provision, paragraph, and subparagraph and constitutes a separate and distinct covenant. 
 (e) Remedies.
Executive hereby expressly acknowledges that any breach or threatened breach by Executive of any of the terms set forth in Section 10 of this Agreement may result in significant and continuing injury to the Company, the monetary value of which
would be impossible to establish. Therefore, Executive agrees that the Company shall be entitled to apply for injunctive relief in a court of appropriate jurisdiction. 
 (f) Survival. The provisions of this Section 10 shall survive expiration of the Term. 
  

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 11. Indemnification. Executive shall be entitled to such indemnification under the terms of the
Company’s charter documents and such other liability insurance as the Company may purchase for its Board of Directors members and senior officers from time to time. The Company shall be required to maintain directors and officers’
liability insurance as long as the Executive continues to be employed by the Company or a member of the Board of Directors of the Company and for a period of six (6) years thereafter. 
 12. Arbitration; Expenses; Legal Fees. 
 (a) Except as provided for in Section 10 of this Agreement, if any contest or dispute arises between the parties with respect to this Agreement, such contest or dispute shall be submitted to binding arbitration for resolution in
Dallas, Texas in accordance with the rules and procedures of the Employment Dispute Resolution Rules of the American Arbitration Association then in effect. The decision of the arbitrator shall be final and binding on both parties, and any court of
competent jurisdiction may enter judgment upon the award. 
 (b) If the Arbitrator determines that the Executive is the prevailing party
with respect to a majority of his material claims to enforce the terms of this Agreement (after exhaustion of all available judicial remedies), then the Company shall reimburse the Executive for his reasonable legal or other fees and expenses
incurred in such arbitration subject to and within ten days after his request for reimbursement accompanied by evidence that the fees and expenses were incurred. 
 13. Successors; Binding Agreement. 
 (a) Company’s Successors. The Company will require
any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to the business or assets of the Company, to assume and agree to perform this Agreement in the same manner and to the same extent the Company
would be required to perform if no such succession had taken place; provided that no such express agreement should be required to the extent such obligation continues with the Company or its successor by operation of law. 
 (b) As used in this Agreement, “Company” shall mean the Company as herein before defined and any successor to its business and/or assets (by
merger, purchase or otherwise) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law. 
 (c) Executive’s Successors. No rights or obligations of Executive under this Agreement may be assigned or transferred by Executive other than his rights to payments or benefits hereunder, which may be transferred only by will or
the laws of descent and distribution. Upon Executive’s death, this Agreement and all rights of Executive hereunder shall inure to the benefit of and be enforceable by Executive’s beneficiary or beneficiaries, personal or legal
representatives, or estate, to the extent any 

  

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such person succeeds to Executive’s interests under this Agreement. Executive shall be entitled to select and change a beneficiary or beneficiaries to
receive any benefit or compensation payable hereunder following Executive’s death by giving the Company written notice thereof. In the event of Executive’s death or a judicial determination of his incompetence, reference in this Agreement
to Executive shall be deemed, where appropriate, to refer to his beneficiary(ies), estate or other legal representative(s). If Executive should die following his Date of Termination while any amounts would still be payable to him hereunder if he had
continued to live, all such amounts unless otherwise provided herein shall be paid in accordance with the terms of this Agreement to such person or persons so appointed in writing by Executive, or otherwise to his legal representatives or estate.

 14. Notice. For the purposes of this Agreement, notices, demands and all other communications provided for in this Agreement shall
be in writing and shall be deemed to have been duly given when delivered either personally or by United States certified or registered mail, return receipt requested, postage prepaid, addressed as follows: 
 If to Executive: 
 Mr. Steven C. DeSutter 
 P.O. Box 9036 
 Corpus Christi, Texas 78469 
 If to the Company: 
 Susser Holdings Corporation 
 Attn: CEO 
 P.O. Box 9036 
 Corpus Christi, Texas 78469 
 Telecopy No.: (361) 880-8149 
 With a copy to: 
 Andrew Gaines, Esq. 
 Weil Gotshal & Manges, LLP 
 767 Fifth Avenue 
 New York, N.Y. 10153 
 or to such other address as any party may have furnished to the others in writing in accordance herewith, except that notices of change of address shall be effective
only upon receipt. 
 15. Miscellaneous. No provisions of this Agreement may be amended, modified, or waived unless such amendment or
modification is agreed to in writing 

  

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signed by Executive and by a duly authorized officer of the Company, and such waiver is set forth in writing and signed by the party to be charged. No waiver
by either party hereto at any time of any breach by the other party hereto of 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. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. The respective
rights and obligations of the parties hereunder of this Agreement shall survive Executive’s termination of employment and the termination of this Agreement to the extent necessary for the intended preservation of such rights and obligations.
The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Texas without regard to its conflicts of law principles. 
 16. Validity. The invalidity or unenforceability of any provision or provisions 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. 
 17. Counterparts. This Agreement may be
executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 
 18. Entire Agreement. Except as otherwise provided herein and as further set forth in the grant agreement of any equity awards, this Agreement sets forth the entire agreement of the parties hereto in respect of
the subject matter contained herein and supersedes all prior agreements, promises, covenants, arrangements, communications, representations or warranties, whether oral or written, by any officer, employee or representative of any party hereto in
respect of such subject matter. 
 19. Noncontravention. The Company represents that the Company is not prevented from entering into,
or performing this Agreement by the terms of any law, order, rule or regulation, its by-laws or declaration of trust, or any agreement to which it is a party, other than which would not have a material adverse effect on the Company’s ability to
enter into or perform this Agreement. 
 20. Section Headings. The section headings in this Agreement are for convenience of reference
only, and they form no part of this Agreement and shall not affect its interpretation. 
 21. Section 409A Compliance. To the
extent applicable, this Agreement shall be interpreted in accordance with Section 409A and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance
that may be issued after the date hereof (“409A Guidance”). Notwithstanding any provision of the Agreement to the contrary, (i) if, at the time of Executive’s termination of employment with the Company, Executive is a
“specified employee” as defined in 409A Guidance and the deferral of the 

  

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commencement of any payments or benefits otherwise payable hereunder as a result of such termination of employment is necessary in order to prevent any
accelerated or additional tax under 409A Guidance, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to Executive)
until the date that is six months following Executive’s termination of employment with the Company (or the earliest date as is permitted under Section 409A) and (ii) if any other payments of money or other benefits due to Executive
hereunder could cause the application of an accelerated or additional tax under Section 409A, the Company may (a) adopt such amendments to the Agreement, including amendments with retroactive effect, that the Company determines necessary
or appropriate to preserve the intended tax treatment of the benefits provided by the Agreement and/or (b) take such other actions as the Company determines necessary or appropriate to comply with the requirements of 409A Guidance. The Company
shall consult with Executive in good faith regarding the implementation of this Section 21; provided that none of the Company, any of its affiliates, or any of its employees or representatives shall have any liability to Executive with respect
thereto. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. 
  

							
	SUSSER HOLDINGS CORPORATION	 		 	EXECUTIVE
				
	By:	 	 /s/ Sam L. Susser
	 		 	 /s/ Steven C. DeSutter

	Name:	 	Sam L. Susser	 		 	Steven C. DeSutter
		 	President and Chief Executive Officer	 		 	

  

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 EXHIBIT A 
 List of current Boards and Committees 
 1. Executive may serve on the Board of Directors of a public or private Company
selected by the Executive. 
 2. Executive may serve on the Board of Directors of his church/congregation and may serve on the Boards of Directors of up to 3
civic or charitable organizations based in the Headquarters location of the Company. 
  

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 EXHIBIT B 
 GENERAL RELEASE OF CLAIMS 
 A general release is required as a condition for receiving the severance
benefits described in Section 8(c) of the Employment Agreement dated [                ], 2006, (the “Employment Agreement”), Thus, by executing
this “General Release” (“General Release”), you have advised us that you hold no claims against Susser Holdings Corporation (“Company”), or its subsidiaries or any of their predecessors, successors or assigns,
affiliates, shareholders or members and their respective officers, directors, agents and employees (collectively, the “Releasees”), and by execution of this General Release you agree to waive and release any such claims, except relating to
any compensation, severance pay and benefits described in the Employment Agreement. 
 You understand and agree that this General Release
will extend to all claims, demands, liabilities and causes of action of every kind, nature and description whatsoever, whether known, unknown or suspected to exist, which you ever had or may now have against the Releasees, including, without
limitation, any claims, demands, liabilities and causes of action arising from your employment with the Releasees and the termination of that employment, including any claims for severance or vacation pay, business expenses, and/or pursuant to any
federal, state, county, or local employment laws, regulations, executive orders, or other requirements, including, but not limited to, Title VII of the 1964 Civil Rights Act, the 1866 Civil Rights Act, the Age Discrimination in Employment Act as
amended by the Older Workers Benefit Protection Act, the Americans with Disabilities Act, the Civil Rights Act of 1991, the Workers Adjustment and Retraining Notification Act and any other local, state or federal fair employment laws, and any
contract or tort claims. 
 It is further understood and agreed that you are waiving any right to initiate an action in state or federal
court by you or on your behalf alleging discrimination on the basis of race, sex, religion, national origin, age, disability, marital status, or any other protected status or involving any contract or tort claims based on your termination from the
Company. It is also acknowledged that your termination is not in any way related to any work related injury. 
 Based on executing this
General Release, it is further understood and agreed that you covenant not to sue to challenge the enforceability of this General Release. It also is understood and agreed that the remedy at law for breach of the Employment Agreement and/or General
Release shall be inadequate, and the Company shall be entitled to injunctive relief. 
 The ability to receive compensation and benefits
under the terms of the Employment Agreement will remain open for a forty-five (45) (45 days if part of a layoff of two or more individuals) or twenty-one (21) (21 days if a single termination) day period after your
termination of employment with the Company to give you an 

  

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opportunity to consider the effect of this General Release. At your option, you may elect to execute this General Release on an earlier date. Additionally,
you have seven (7) days after the date you execute this General Release to revoke it. As a result, this General Release will not be effective until eight (8) days after you execute it. We also want to advise you of your right to consult
with legal counsel prior to executing a copy of this General Release. 
 Finally, this is to expressly acknowledge: 
  

	 	•	 	 You have received a list of the ages and job descriptions of the individuals who are eligible to receive severance payments conditioned upon the signing of a
similar General Release. (This bullet point only applies if the termination is part of a termination of layoff of a group. Otherwise the Company is not required to give a list of such ages and job descriptions.) 



 

	 	•	 	 You understand that you are not waiving any claims or rights that may arise after the date you execute this General Release. 


  

	 	•	 	 You understand and agree that the compensation and benefits described in the Employment Agreement offer you consideration greater than that to which you would
otherwise be entitled. 


 I hereby state that I have carefully read this General Release and that I am signing this General
Release knowingly and voluntarily with the full intent of releasing the Releasees from any and all claims, except as set forth herein. Further, if signed prior to the completion of the forty-five (45) or twenty-one (21) day review
period, this is to acknowledge that I knowingly and voluntarily signed this General Release on an earlier date. 
  

					
	  
	 		 	  

	Date	 		 	Name

  

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