Exhibit 10.25


 


Summary of Family Dollar Stores, Inc. Executive Supplemental
Disability Income Plan


 


  The
Company has established a supplemental disability program for certain of the Company’s
officers, including each of the Company’s named executive officers.  The following Plan summary, which has been
provided to each of the Company’s named executive officers, sets forth the
terms of the Plan:


 





















 




	
  [FDO Inc. logo]

  	
   

  	
  Executive Supplemental Disability Plan

  






 


 




	
   

  	
   

  	
  Coordinating
  with the group LTD plan, the supplemental policy increases your disability
  income insurance to a maximum of 75% of base salary. It includes the
  following features:

  
	
   

  	
   

  	
   

  
	
   

  	
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  Up to
  $10,000 guaranteed standard issue benefit –

  
	
   

  	
   

  	
  (subject
  to MetLife’s risk management criteria)

  
	
   

  	
   

  	
  To
  be eligible for guaranteed issue coverage, you must be actively employed for
  a minimum of 90 days prior to the application date. You do not have to prove
  you are insurable to qualify for monthly supplemental disability benefits up
  to $10,000.

  
	
   

  	
   

  	
   

  
	
   

  	
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  Own
  Occupation protection to age 65 – Your Regular Occupation Period continues until you
  reach age 65.  If, during the Regular
  Occupation Period, you become unable to perform the material and substantial
  duties of your regular occupation, you are
  considered disabled and are entitled to benefits.  To be considered disabled, you must not be
  gainfully employed and must be under the care of a physician.  After the Regular Occupation Period
  expires, if you become unable to perform the material and substantial duties
  of any occupation for which you are
  or have become reasonably qualified by your education, training or
  experience, you are considered disabled and are entitled to benefits.

  
	
   

  	
   

  	
   

  
	
   

  	
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  Non-cancelable/guaranteed
  renewable to age 65, or 5 policy years if later – As long as your premiums are paid on time, MetLife
  cannot change your coverage or your premium rates until the first premium due
  date on or after your 65th birthday, or on the fifth policy
  anniversary if later.

  
	
   

  	
   

  	
   

  
	
   

  	
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  Conditionally
  Renewable after age 65 – Your policy, without riders, is renewable after age 65 or after the
  5th policy anniversary if later, so long as you are employed at
  least 30 hours per week and are not disabled. If Total Disability starts
  before your 75th birthday, the maximum benefit will be 2 years. If
  Total Disability starts after your 75th birthday, the maximum
  benefit period will be 12 months. Premiums will be based on your attained age
  on each policy anniversary. Premium rates are subject to change.

  
	
   

  	
   

  	
   

  
	
   

  	
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  Residual
  Disability Rider – If you lose
  20% or more of your income due to a disability and you are under the care of
  a licensed physician, this rider pays you a percentage of your monthly benefit
  proportional to your loss of income.

  
	
   

  	
   

  	
   

  
	
   

  	
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  Presumptive
  Total Disability Rider – With this rider, if an injury or
  sickness causes you complete and irreparable loss of your sight, speech,
  hearing, or the use of 2 limbs, you will be considered totally and
  permanently disabled even if you are able to work.

  
	
   

  	
   

  	
   

  
	
   

  	
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  Catastrophic
  Disability Benefit – This rider
  provides an additional monthly benefit if the insured’s condition meets the
  criteria for a catastrophic disability as defined in the rider. The
  catastrophic disability benefit amount applied for can be up to 100% of the
  insured’s monthly income minus any other DI coverage inforce or applied for.
  In no event can the monthly benefit, under this rider, exceed $8,000. For the
  first 12 months that a catastrophic disability benefit is paid, the
  catastrophic benefit will be paid at 120%.

  
	
   

  	
   

  	
   

  
	
   

  	
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  Cost
  of Living Adjustment (COLA Rider) – This rider increases your monthly benefit annually
  (while you remain disabled), after you have been disabled for 12 months, by a
  compound rate of 1% to 7%, based on the Consumer Price Index (CPI).

  
	
   

  	
   

  	
   

  
	
   

  	
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  Mental
  Disorder and/or Substance Use Disorder Benefits (MNAD) payable to Age 65
  Rider – This MNAD
  Rider extends the benefit period for disabilities caused by Mental Disorder
  and/or Substance Use Disorder to Age 65 (or the longest period available by
  age).

  
	
   

  	
   

  	
   

  
	
   

  	
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  90 Day
  Elimination Period – Disability
  benefits will be payable after 90 days of disability.

  
	
   

  	
   

  	
   

  
	
   

  	
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  Portable
  – You can take your policy with you if you leave Family Dollar.

  






 


 


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