Exhibit 10.6
     Executive:Target Award:
    
    
    $
 Performance Goals for the Performance PeriodCumulative Sales Goal
($ in Million)EBIT Goal
 BELK INC.BY:Adam Orvos, EVP Human ResourcesDATE:




---



##### 



EXHIBIT A
  Executive
 Target Award
 Definitions
 Business Criteria
 Committee
 Delayed Issuance Date
 Performance Period




---



##### 



Performance Goals
 General
 -3-




---



##### 



Specific Performance Goals
 Cumulative Sales Goal
 Goal and Goal Adjustments
 Target Award Subject to Goal
 Percentage of Target Award to be Issued
 EBIT Goal
 Goal and Goal Adjustments
 Target Award Subject to Goal
 -4-




---



##### 



Percentage of Target Award to be Issued
 Rounding and Interpolation th
 Certification
 -5-




---



##### 



1 2 1 2
 Maximum Shares of Stock
 Employment Requirement
 General Rule
 -6-




---



##### 



5.2
    
    Exceptions.
 Employed After Performance Period Started
 Death
 Disability
 -7-




---



##### 



Retirement
 Two Year Minimum and Pro-Ration Rules
   -8-




---



##### 



Stock Issuance and Minimum Tax Withholding
 2010 Incentive Stock Plan
 Reference
 -9-




---



##### 



Administration, Amendment and Termination
 -10-




---



##### 



EXHIBIT B
   % of Pln
    
    % of
    
    % of Pln
    
    % of
    
    % of Pln
    
    % of
    
    % of Pln
    
    % ofAttained
    
    Payout
    
    Attained
    
    Payout
    
    Attained
    
    Payout
    
    Attained
    
    Payout95.0
    
    0.0%95.1
    
    1.0%
    
    97.1
    
    21.0%
    
    99.1
    
    41.0%
    
    101.1
    
    59.2%95.2
    
    2.0%
    
    97.2
    
    22.0%
    
    99.2
    
    42.0%
    
    101.2
    
    60.0%95.3
    
    3.0%
    
    97.3
    
    23.0%
    
    99.3
    
    43.0%
    
    101.3
    
    60.8%95.4
    
    4.0%
    
    97.4
    
    24.0%
    
    99.4
    
    44.0%
    
    101.4
    
    61.7%95.5
    
    5.0%
    
    97.5
    
    25.0%
    
    99.5
    
    45.0%
    
    101.5
    
    62.5%95.6
    
    6.0%
    
    97.6
    
    26.0%
    
    99.6
    
    46.0%
    
    101.6
    
    63.3%95.7
    
    7.0%
    
    97.7
    
    27.0%
    
    99.7
    
    47.0%
    
    101.7
    
    64.2%95.8
    
    8.0%
    
    97.8
    
    28.0%
    
    99.8
    
    48.0%
    
    101.8
    
    65.0%95.9
    
    9.0%
    
    97.9
    
    29.0%
    
    99.9
    
    49.0%
    
    101.9
    
    65.8%96.0
    
    10.0%
    
    98.0
    
    30.0%
    
    100.0
    
    50.0%
    
    102.0
    
    66.7%96.1
    
    11.0%
    
    98.1
    
    31.0%
    
    100.1
    
    50.8%
    
    102.1
    
    67.5%96.2
    
    12.0%
    
    98.2
    
    32.0%
    
    100.2
    
    51.7%
    
    102.2
    
    68.3%96.3
    
    13.0%
    
    98.3
    
    33.0%
    
    100.3
    
    52.5%
    
    102.3
    
    69.2%96.4
    
    14.0%
    
    98.4
    
    34.0%
    
    100.4
    
    53.3%
    
    102.4
    
    70.0%96.5
    
    15.0%
    
    98.5
    
    35.0%
    
    100.5
    
    54.2%
    
    102.5
    
    70.8%96.6
    
    16.0%
    
    98.6
    
    36.0%
    
    100.6
    
    55.0%
    
    102.6
    
    71.7%96.7
    
    17.0%
    
    98.7
    
    37.0%
    
    100.7
    
    55.8%
    
    102.7
    
    72.5%96.8
    
    18.0%
    
    98.8
    
    38.0%
    
    100.8
    
    56.7%
    
    102.8
    
    73.3%96.9
    
    19.0%
    
    98.9
    
    39.0%
    
    100.9
    
    57.5%
    
    102.9
    
    74.2%97.0
    
    20.0%
    
    99.0
    
    40.0%
    
    101.0
    
    58.3%
    
    103.0
    
    75.0%
  % of Pln
    
    % of
    
    % of Pln
    
    % of
    
    % of Pln
    
    % of
    
    % of Pln
    
    % of
    
    % of Pln
    
    
    % of
    
    
    % of Pln
    
    
    % of
    
    
    % of Pln
    
    
    % of
    
    
    % of Pln
    
    
    % ofAttained
    
    Payout
    
    Attained
    
    Payout
    
    Attained
    
    Payout
    
    Attained
    
    Payout
    
    Attained
    
    
    Payout
    
    
    Attained
    
    
    Payout
    
    
    Attained
    
    
    Payout
    
    
    Attained
    
    
    Payout74.0
    
    0.0%74.1
    
    0.2%
    
    79.1
    
    9.8%
    
    84.1
    
    19.4%
    
    89.1
    
    29.0%
    
    
    94.1
    
    
    
    38.7
    %
    
    
    99.1
    
    
    
    48.3
    %
    
    
    104.1
    
    
    
    60.2
    %
    
    
    109.1
    
    
    
    72.7
    %74.2
    
    0.4%
    
    79.2
    
    10.0%
    
    84.2
    
    19.6%
    
    89.2
    
    29.2%
    
    
    94.2
    
    
    
    38.8
    %
    
    
    99.2
    
    
    
    48.5
    %
    
    
    104.2
    
    
    
    60.5
    %
    
    
    109.2
    
    
    
    73.0
    %74.3
    
    0.6%
    
    79.3
    
    10.2%
    
    84.3
    
    19.8%
    
    89.3
    
    29.4%
    
    
    94.3
    
    
    
    39.0
    %
    
    
    99.3
    
    
    
    48.7
    %
    
    
    104.3
    
    
    
    60.7
    %
    
    
    109.3
    
    
    
    73.2
    %74.4
    
    0.8%
    
    79.4
    
    10.4%
    
    84.4
    
    20.0%
    
    89.4
    
    29.6%
    
    
    94.4
    
    
    
    39.2
    %
    
    
    99.4
    
    
    
    48.8
    %
    
    
    104.4
    
    
    
    61.0
    %
    
    
    109.4
    
    
    
    73.5
    %74.5
    
    1.0%
    
    79.5
    
    10.6%
    
    84.5
    
    20.2%
    
    89.5
    
    29.8%
    
    
    94.5
    
    
    
    39.4
    %
    
    
    99.5
    
    
    
    49.0
    %
    
    
    104.5
    
    
    
    61.2
    %
    
    
    109.5
    
    
    
    73.7
    %74.6
    
    1.2%
    
    79.6
    
    10.8%
    
    84.6
    
    20.4%
    
    89.6
    
    30.0%
    
    
    94.6
    
    
    
    39.6
    %
    
    
    99.6
    
    
    
    49.2
    %
    
    
    104.6
    
    
    
    61.5
    %
    
    
    109.6
    
    
    
    74.0
    %74.7
    
    1.3%
    
    79.7
    
    11.0%
    
    84.7
    
    20.6%
    
    89.7
    
    30.2%
    
    
    94.7
    
    
    
    39.8
    %
    
    
    99.7
    
    
    
    49.4
    %
    
    
    104.7
    
    
    
    61.7
    %
    
    
    109.7
    
    
    
    74.2
    %74.8
    
    1.5%
    
    79.8
    
    11.2%
    
    84.8
    
    20.8%
    
    89.8
    
    30.4%
    
    
    94.8
    
    
    
    40.0
    %
    
    
    99.8
    
    
    
    49.6
    %
    
    
    104.8
    
    
    
    62.0
    %
    
    
    109.8
    
    
    
    74.5
    %74.9
    
    1.7%
    
    79.9
    
    11.3%
    
    84.9
    
    21.0%
    
    89.9
    
    30.6%
    
    
    94.9
    
    
    
    40.2
    %
    
    
    99.9
    
    
    
    49.8
    %
    
    
    104.9
    
    
    
    62.2
    %
    
    
    109.9
    
    
    
    74.7
    %75.0
    
    1.9%
    
    80.0
    
    11.5%
    
    85.0
    
    21.2%
    
    90.0
    
    30.8%
    
    
    95.0
    
    
    
    40.4
    %
    
    
    100.0
    
    
    
    50.0
    %
    
    
    105.0
    
    
    
    62.5
    %
    
    
    110.0
    
    
    
    75.0
    %75.1
    
    2.1%
    
    80.1
    
    11.7%
    
    85.1
    
    21.3%
    
    90.1
    
    31.0%
    
    
    95.1
    
    
    
    40.6
    %
    
    
    100.1
    
    
    
    50.3
    %
    
    
    105.1
    
    
    
    62.7
    %75.2
    
    2.3%
    
    80.2
    
    11.9%
    
    85.2
    
    21.5%
    
    90.2
    
    31.2%
    
    
    95.2
    
    
    
    40.8
    %
    
    
    100.2
    
    
    
    50.5
    %
    
    
    105.2
    
    
    
    63.0
    %75.3
    
    2.5%
    
    80.3
    
    12.1%
    
    85.3
    
    21.7%
    
    90.3
    
    31.3%
    
    
    95.3
    
    
    
    41.0
    %
    
    
    100.3
    
    
    
    50.8
    %
    
    
    105.3
    
    
    
    63.2
    %75.4
    
    2.7%
    
    80.4
    
    12.3%
    
    85.4
    
    21.9%
    
    90.4
    
    31.5%
    
    
    95.4
    
    
    
    41.2
    %
    
    
    100.4
    
    
    
    51.0
    %
    
    
    105.4
    
    
    
    63.5
    %75.5
    
    2.9%
    
    80.5
    
    12.5%
    
    85.5
    
    22.1%
    
    90.5
    
    31.7%
    
    
    95.5
    
    
    
    41.3
    %
    
    
    100.5
    
    
    
    51.3
    %
    
    
    105.5
    
    
    
    63.7
    %75.6
    
    3.1%
    
    80.6
    
    12.7%
    
    85.6
    
    22.3%
    
    90.6
    
    31.9%
    
    
    95.6
    
    
    
    41.5
    %
    
    
    100.6
    
    
    
    51.5
    %
    
    
    105.6
    
    
    
    64.0
    %75.7
    
    3.3%
    
    80.7
    
    12.9%
    
    85.7
    
    22.5%
    
    90.7
    
    32.1%
    
    
    95.7
    
    
    
    41.7
    %
    
    
    100.7
    
    
    
    51.8
    %
    
    
    105.7
    
    
    
    64.2
    %75.8
    
    3.5%
    
    80.8
    
    13.1%
    
    85.8
    
    22.7%
    
    90.8
    
    32.3%
    
    
    95.8
    
    
    
    41.9
    %
    
    
    100.8
    
    
    
    52.0
    %
    
    
    105.8
    
    
    
    64.5
    %75.9
    
    3.7%
    
    80.9
    
    13.3%
    
    85.9
    
    22.9%
    
    90.9
    
    32.5%
    
    
    95.9
    
    
    
    42.1
    %
    
    
    100.9
    
    
    
    52.3
    %
    
    
    105.9
    
    
    
    64.7
    %76.0
    
    3.8%
    
    81.0
    
    13.5%
    
    86.0
    
    23.1%
    
    91.0
    
    32.7%
    
    
    96.0
    
    
    
    42.3
    %
    
    
    101.0
    
    
    
    52.5
    %
    
    
    106.0
    
    
    
    65.0
    %76.1
    
    4.0%
    
    81.1
    
    13.7%
    
    86.1
    
    23.3%
    
    91.1
    
    32.9%
    
    
    96.1
    
    
    
    42.5
    %
    
    
    101.1
    
    
    
    52.7
    %
    
    
    106.1
    
    
    
    65.2
    %76.2
    
    4.2%
    
    81.2
    
    13.8%
    
    86.2
    
    23.5%
    
    91.2
    
    33.1%
    
    
    96.2
    
    
    
    42.7
    %
    
    
    101.2
    
    
    
    53.0
    %
    
    
    106.2
    
    
    
    65.5
    %76.3
    
    4.4%
    
    81.3
    
    14.0%
    
    86.3
    
    23.7%
    
    91.3
    
    33.3%
    
    
    96.3
    
    
    
    42.9
    %
    
    
    101.3
    
    
    
    53.2
    %
    
    
    106.3
    
    
    
    65.7
    %76.4
    
    4.6%
    
    81.4
    
    14.2%
    
    86.4
    
    23.8%
    
    91.4
    
    33.5%
    
    
    96.4
    
    
    
    43.1
    %
    
    
    101.4
    
    
    
    53.5
    %
    
    
    106.4
    
    
    
    66.0
    %76.5
    
    4.8%
    
    81.5
    
    14.4%
    
    86.5
    
    24.0%
    
    91.5
    
    33.7%
    
    
    96.5
    
    
    
    43.3
    %
    
    
    101.5
    
    
    
    53.7
    %
    
    
    106.5
    
    
    
    66.2
    %76.6
    
    5.0%
    
    81.6
    
    14.6%
    
    86.6
    
    24.2%
    
    91.6
    
    33.8%
    
    
    96.6
    
    
    
    43.5
    %
    
    
    101.6
    
    
    
    54.0
    %
    
    
    106.6
    
    
    
    66.5
    %76.7
    
    5.2%
    
    81.7
    
    14.8%
    
    86.7
    
    24.4%
    
    91.7
    
    34.0%
    
    
    96.7
    
    
    
    43.7
    %
    
    
    101.7
    
    
    
    54.2
    %
    
    
    106.7
    
    
    
    66.7
    %76.8
    
    5.4%
    
    81.8
    
    15.0%
    
    86.8
    
    24.6%
    
    91.8
    
    34.2%
    
    
    96.8
    
    
    
    43.8
    %
    
    
    101.8
    
    
    
    54.5
    %
    
    
    106.8
    
    
    
    67.0
    %76.9
    
    5.6%
    
    81.9
    
    15.2%
    
    86.9
    
    24.8%
    
    91.9
    
    34.4%
    
    
    96.9
    
    
    
    44.0
    %
    
    
    101.9
    
    
    
    54.7
    %
    
    
    106.9
    
    
    
    67.2
    %77.0
    
    5.8%
    
    82.0
    
    15.4%
    
    87.0
    
    25.0%
    
    92.0
    
    34.6%
    
    
    97.0
    
    
    
    44.2
    %
    
    
    102.0
    
    
    
    55.0
    %
    
    
    107.0
    
    
    
    67.5
    %77.1
    
    6.0%
    
    82.1
    
    15.6%
    
    87.1
    
    25.2%
    
    92.1
    
    34.8%
    
    
    97.1
    
    
    
    44.4
    %
    
    
    102.1
    
    
    
    55.2
    %
    
    
    107.1
    
    
    
    67.7
    %77.2
    
    6.2%
    
    82.2
    
    15.8%
    
    87.2
    
    25.4%
    
    92.2
    
    35.0%
    
    
    97.2
    
    
    
    44.6
    %
    
    
    102.2
    
    
    
    55.5
    %
    
    
    107.2
    
    
    
    68.0
    %77.3
    
    6.3%
    
    82.3
    
    16.0%
    
    87.3
    
    25.6%
    
    92.3
    
    35.2%
    
    
    97.3
    
    
    
    44.8
    %
    
    
    102.3
    
    
    
    55.7
    %
    
    
    107.3
    
    
    
    68.2
    %77.4
    
    6.5%
    
    82.4
    
    16.2%
    
    87.4
    
    25.8%
    
    92.4
    
    35.4%
    
    
    97.4
    
    
    
    45.0
    %
    
    
    102.4
    
    
    
    56.0
    %
    
    
    107.4
    
    
    
    68.5
    %77.5
    
    6.7%
    
    82.5
    
    16.3%
    
    87.5
    
    26.0%
    
    92.5
    
    35.6%
    
    
    97.5
    
    
    
    45.2
    %
    
    
    102.5
    
    
    
    56.2
    %
    
    
    107.5
    
    
    
    68.7
    %77.6
    
    6.9%
    
    82.6
    
    16.5%
    
    87.6
    
    26.2%
    
    92.6
    
    35.8%
    
    
    97.6
    
    
    
    45.4
    %
    
    
    102.6
    
    
    
    56.5
    %
    
    
    107.6
    
    
    
    69.0
    %77.7
    
    7.1%
    
    82.7
    
    16.7%
    
    87.7
    
    26.3%
    
    92.7
    
    36.0%
    
    
    97.7
    
    
    
    45.6
    %
    
    
    102.7
    
    
    
    56.7
    %
    
    
    107.7
    
    
    
    69.2
    %77.8
    
    7.3%
    
    82.8
    
    16.9%
    
    87.8
    
    26.5%
    
    92.8
    
    36.2%
    
    
    97.8
    
    
    
    45.8
    %
    
    
    102.8
    
    
    
    57.0
    %
    
    
    107.8
    
    
    
    69.5
    %77.9
    
    7.5%
    
    82.9
    
    17.1%
    
    87.9
    
    26.7%
    
    92.9
    
    36.3%
    
    
    97.9
    
    
    
    46.0
    %
    
    
    102.9
    
    
    
    57.2
    %
    
    
    107.9
    
    
    
    69.7
    %78.0
    
    7.7%
    
    83.0
    
    17.3%
    
    88.0
    
    26.9%
    
    93.0
    
    36.5%
    
    
    98.0
    
    
    
    46.2
    %
    
    
    103.0
    
    
    
    57.5
    %
    
    
    108.0
    
    
    
    70.0
    %78.1
    
    7.9%
    
    83.1
    
    17.5%
    
    88.1
    
    27.1%
    
    93.1
    
    36.7%
    
    
    98.1
    
    
    
    46.3
    %
    
    
    103.1
    
    
    
    57.7
    %
    
    
    108.1
    
    
    
    70.2
    %78.2
    
    8.1%
    
    83.2
    
    17.7%
    
    88.2
    
    27.3%
    
    93.2
    
    36.9%
    
    
    98.2
    
    
    
    46.5
    %
    
    
    103.2
    
    
    
    58.0
    %
    
    
    108.2
    
    
    
    70.5
    %78.3
    
    8.3%
    
    83.3
    
    17.9%
    
    88.3
    
    27.5%
    
    93.3
    
    37.1%
    
    
    98.3
    
    
    
    46.7
    %
    
    
    103.3
    
    
    
    58.2
    %
    
    
    108.3
    
    
    
    70.7
    %78.4
    
    8.5%
    
    83.4
    
    18.1%
    
    88.4
    
    27.7%
    
    93.4
    
    37.3%
    
    
    98.4
    
    
    
    46.9
    %
    
    
    103.4
    
    
    
    58.5
    %
    
    
    108.4
    
    
    
    71.0
    %78.5
    
    8.7%
    
    83.5
    
    18.3%
    
    88.5
    
    27.9%
    
    93.5
    
    37.5%
    
    
    98.5
    
    
    
    47.1
    %
    
    
    103.5
    
    
    
    58.7
    %
    
    
    108.5
    
    
    
    71.2
    %78.6
    
    8.8%
    
    83.6
    
    18.5%
    
    88.6
    
    28.1%
    
    93.6
    
    37.7%
    
    
    98.6
    
    
    
    47.3
    %
    
    
    103.6
    
    
    
    59.0
    %
    
    
    108.6
    
    
    
    71.5
    %78.7
    
    9.0%
    
    83.7
    
    18.7%
    
    88.7
    
    28.3%
    
    93.7
    
    37.9%
    
    
    98.7
    
    
    
    47.5
    %
    
    
    103.7
    
    
    
    59.2
    %
    
    
    108.7
    
    
    
    71.7
    %78.8
    
    9.2%
    
    83.8
    
    18.8%
    
    88.8
    
    28.5%
    
    93.8
    
    38.1%
    
    
    98.8
    
    
    
    47.7
    %
    
    
    103.8
    
    
    
    59.5
    %
    
    
    108.8
    
    
    
    72.0
    %78.9
    
    9.4%
    
    83.9
    
    19.0%
    
    88.9
    
    28.7%
    
    93.9
    
    38.3%
    
    
    98.9
    
    
    
    47.9
    %
    
    
    103.9
    
    
    
    59.7
    %
    
    
    108.9
    
    
    
    72.2
    %79.0
    
    9.6%
    
    84.0
    
    19.2%
    
    89.0
    
    28.8%
    
    94.0
    
    38.5%
    
    
    99.0
    
    
    
    48.1
    %
    
    
    104.0
    
    
    
    60.0
    %
    
    
    109.0
    
    
    
    72.5
    %
 -11-