Document:

Exhibit 10(iii)

	
   

  	
   

  	
   

  
	
  STATE OF NORTH CAROLINA

  	
   

  	
  AMENDMENT TO

  
	
   

  	
   

  	
  EMPLOYMENT
  AGREEMENT

  
	
  COUNTY OF MECKLENBURG

  	
   

  	
   

  

 

 

THIS AMENDMENT, made and entered into
effective the 1st day of September 2002, by and between FAMILY DOLLAR STORES,
INC., a Delaware corporation (hereinafter referred to as the “Company”); and R.
David Alexander, Jr. (hereinafter referred to as the “Employee”);

 

W I T N E S S E T H:

 

WHEREAS, the Company and the Employee entered
into an Employment Agreement dated August 25, 2000, as amended by Amendment to
Employment Agreement effective September 2, 2001, (hereinafter referred to as
the “Agreement”); and

 

WHEREAS, the Company and the Employee desire
to amend the Agreement;

 

NOW, THEREFORE, in consideration of the
mutual covenants herein contained, the Company and the Employee agree as
follows:

 

1.                    Section 1.04 of the Agreement is amended by adding
“Utah” to the list of states constituting the “Present Territory.”

 

2.                    Section 2 of the Agreement is deleted and the
following is substituted in lieu thereof:

 

“2.     Employment.  The Employee shall be employed by the
Company and any Affiliate in the capacity provided for in Paragraph 3 for the
period commencing September 1, 2002, (the “Commencement Date”), and ending on
August 30, 2003, or upon the termination of this Agreement as provided in
Paragraph 6.”

 

3.                    The first paragraph of Section 5.01 of the
Agreement is deleted and the following

                             paragraph is substituted in lieu thereof:

 

“5.01           In
consideration of the services to be rendered by the Employee pursuant to this
Agreement, the Company shall pay, or cause to be paid, to the Employee a weekly
base salary from September 1, 2002, to August 30, 2003, of $6,730.77
($350,000.00 per annum).”

 

4.                    Subparagraphs (a) and (b) of Section 5.02 of
the Agreement are deleted and the

                             following subparagraphs are substituted in
lieu thereof:

 

“5.02.          In addition, the Employee shall be entitled to:

 

      (a) 
Participate in the Company’s Target Bonus Plan, as it may be amended or
modified in any respect, including achievement of established goals, as
Executive Vice President and Chief Operating Officer for the fiscal year
commencing September 1, 2002.  The
Target Bonus Plan generally will give the Employee the opportunity to earn a
bonus of up to fifty (50%) percent of the Employee’s base salary actually
received for services on and after September 1, 2002, through August 30, 2003,
for the fiscal year ending August 30, 2003, subject to the Company’s
achievement of certain financial goals to be established, the Employee’s
performance, and all terms and conditions of the Target Bonus Plan as in effect
for such fiscal year; provided that the amount of bonus paid may not be
increased by the annual individual performance rating of the Employee by the
Chairman of the Board or President.  The
Employee acknowledges that he has received a copy of the form of the Target
Bonus Plan and Bonus Conditions and is familiar with the terms and conditions
thereof.  Nothing contained herein shall
limit the Company’s right to alter, amend or terminate the Target Bonus Plan at

 

 

 

 

any time for any reason.  The
Employee further acknowledges that, as provided in the Target Bonus Plan, in
the event the Employee is not employed by the Company, for whatever reason, at
the time the bonus for the fiscal year is actually paid to participants in the
Target Bonus Plan following the end of the fiscal year, the Employee will not
be entitled to receive the bonus.

 

                                          (b) 
Take twenty days (exclusive of Saturdays, Sundays and paid Company
holidays) of vacation during the twelve month period commencing September 1,
2002.  Vacation time will accrue ratably
during the course of said period and cannot be accumulated from year to year,
except that up to five days of vacation not taken in said twelve month period
may be carried over to the next twelve month period.”

 

                                                                   5.       The
second paragraph of Section 6.02 of the Agreement is deleted and the following
paragraph is substituted in lieu thereof:

 

              “In
the event this Agreement is not terminated by the Company or the Employee for
any reason prior to August 30, 2003, and the Company and the Employee do not
agree in writing before August 30, 2003, to extend the term of this Agreement
beyond August 30, 2003, or to enter into a new agreement to extend the
employment relationship beyond August 30, 2003, this Agreement shall terminate
automatically on August 30, 2003, which shall be the Termination Date, and the
Company shall pay to the Employee sixty (60) days of the base salary set forth
in Section 5.01 (which shall constitute payment in full of the compensation due
to the Employee hereunder).  Any such
payments shall be made in two (2) equal monthly installments with the first
installment due and payable not later than thirty (30) days after the
Termination Date.”

 

6.                    All other terms and provisions of the
Agreement shall remain in full force and effect.

 

 

                      IN
WITNESS WHEREOF, the parties hereto have executed this Agreement in triplicate,
all as of the day and year first above written.

 

 

	
   

  	
  FAMILY
  DOLLAR STORES, INC

  
	
  Attest:

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Howard R. Levine

  	
   

  
	
   

  	
   

  	
  President

  	
   

  
	
  /s/ George R. Mahoney, Jr.

  	
   

  	
   

  	
   

  
	
  Secretary

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Corporate
  Seal)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ R. David Alexander, Jr.

  	
  (SEAL)

  
	
   

  	
   

  	
  R. David Alexander, Jr.

  	
   

  
	
   

  	
   

  	
   

  
	
  Witness:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Vivian M. Barbee

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

 

 

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Exhibit 10.1    
  

 
 

AMENDMENT TO MOVIE GALLERY, INC.
  1994 STOCK PLAN, AS AMENDED    
  

        The first sentence of Section 11(a) of the Movie Gallery, Inc. 1994 Stock Plan, as amended, is hereby amended to read in its entirety as follows: 

"Upon
the death of a holder of an option or stock appreciation right, any option or stock appreciation right which he or she holds may be exercised (to the extent exercisable at his or her death),
unless it otherwise expires, within such period after the date of his or her death (not to exceed twelve (12) months, without the express approval of a longer period by the Administrator) as
the Administrator shall prescribe in his or her option or stock appreciation right agreement, by the holder's representative or by the person entitled thereto under his or her will or the laws of
intestate succession." 

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Exhibit 10.1

AMENDMENT TO MOVIE GALLERY, INC. 1994 STOCK PLAN, AS AMENDED<Page>

                                                                   Exhibit 4.5

        Supplemental Indenture No. 2 in Respect of Subsidiary Guarantees

         SUPPLEMENTAL INDENTURE NO. 2, dated as of November 20, 2002 (this
"SUPPLEMENTAL INDENTURE"), among IESI Corporation, a Delaware corporation
(together with its successors and assigns, the "COMPANY"), WaCo Land Holding,
Inc. (the "NEW SUBSIDIARY GUARANTOR"), the existing Subsidiary Guarantors under
the Indenture referred to below (the "EXISTING SUBSIDIARY GUARANTORS") and The
Bank of New York, as Trustee (the "TRUSTEE") under the Indenture referred to
below.

                              W I T N E S S E T H:

         WHEREAS, the Company, the Existing Subsidiary Guarantors and the
Trustee have heretofore become parties to an Indenture (as amended,
supplemented, waived or otherwise modified, the "INDENTURE"), dated as of June
12, 2002, as supplemented, providing for the issuance of 10 1/4% Senior
Subordinated Notes due 2012 of the Company (the "NOTES");

         WHEREAS, SECTION 413 of the Indenture provides that the Company is
required to or may cause the New Subsidiary Guarantor to execute and deliver to
the Trustee a supplemental indenture pursuant to which the New Subsidiary
Guarantor shall guarantee the Notes pursuant to a Subsidiary Guarantee (as
defined in the Indenture) on the terms and conditions set forth herein and in
ARTICLE 13 of the Indenture;

         WHEREAS, the New Subsidiary Guarantor desires to enter into this
Supplemental Indenture for good and valuable consideration, including
substantial economic benefit in that the financial performance and condition of
such New Subsidiary Guarantor is dependent on the financial performance and
condition of the Company and on such New Subsidiary Guarantor's access to
working capital through the Company's access to revolving credit borrowings
under the Credit Agreement (as defined in the Indenture); and

         WHEREAS, pursuant to SECTION 901 of the Indenture, the parties hereto
are authorized to execute and deliver this Supplemental Indenture to amend the
Indenture, without the consent of any Holder (as defined in the Indenture);

         NOW, THEREFORE, in consideration of the foregoing and for other good
and valuable consideration, the receipt of which is hereby acknowledged, the New
Subsidiary Guarantor, the Company, the Existing Subsidiary Guarantors and the
Trustee mutually covenant and agree for the benefit of the Holders as follows:

         1.       DEFINED TERMS. As used in this Supplemental Indenture, terms
defined in the Indenture or in the preamble or recitals hereto are used herein
as therein defined. The words "herein," "hereof" and "hereby" and other words of
similar import used in this Supplemental Indenture refer to this Supplemental
Indenture as a whole and not to any particular section hereof.

         2.       AGREEMENT TO SUBSIDIARY GUARANTEE. The New Subsidiary
Guarantor hereby agrees, jointly and severally with all Existing Subsidiary
Guarantors, fully and unconditionally, to guarantee the Guaranteed Obligations
(as defined in the Indenture) under the Indenture and the Notes on the terms and
subject to the conditions set forth in ARTICLE 13 of the Indenture and to be

<Page>

bound by (and shall be entitled to the benefits of) all other applicable
provisions of the Indenture as a Subsidiary Guarantor. The Subsidiary Guarantee
of the New Subsidiary Guarantor is subject to the subordination provisions of
the Indenture.

         3.       TERMINATION, RELEASE AND DISCHARGE. The New Subsidiary
Guarantor's Subsidiary Guarantee shall terminate and be of no further force or
effect, and the New Subsidiary Guarantor shall be released and discharged from
all obligations in respect of its Subsidiary Guarantee, as and when provided in
Section 1303 of the Indenture.

         4.       PARTIES. Nothing in this Supplemental Indenture is intended or
shall be construed to give any Person (as defined in the Indenture), other than
the Holders and the Trustee, any legal or equitable right, remedy or claim under
or in respect of the New Subsidiary Guarantor's Subsidiary Guarantee or any
provision contained herein or in Article 13 of the Indenture.

         5.       GOVERNING LAW. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT
GIVING EFFECT TO CONFLICTS OF LAWS PROVISIONS THEREOF TO THE EXTENT THAT THE
APPLICATION OF THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. THE
TRUSTEE, THE COMPANY, THE NEW SUBSIDIARY GUARANTOR, EACH EXISTING SUBSIDIARY
GUARANTOR, ANY OTHER OBLIGOR IN RESPECT OF THE NOTES AND (BY THEIR ACCEPTANCE OF
THE NOTES) THE HOLDERS, AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES
FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW
YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL
INDENTURE OR THE NOTES.

         EACH OF THE COMPANY, THE NEW SUBSIDIARY GUARANTOR, THE EXISTING
SUBSIDIARY GUARANTORS, ANY OTHER OBLIGOR IN RESPECT OF THE NOTES AND THE TRUSTEE
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR
RELATING TO THIS SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

         6.       RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURES PART OF
INDENTURE. Except as expressly amended hereby, the Indenture is in all respects
ratified and confirmed and all the terms, conditions and provisions thereof
shall remain in full force and effect. This Supplemental Indenture shall form a
part of the Indenture for all purposes, and every Holder of Notes heretofore or
hereafter authenticated and delivered shall be bound hereby. The Trustee makes
no representation or warranty as to the validity or sufficiency of this
Supplemental Indenture.

         7.       COUNTERPARTS. The parties hereto may sign one or more copies
of this Supplemental Indenture in counterparts, all of which together shall
constitute one and the same agreement.

                                      -2-

<Page>

         8.       HEADINGS. The section headings herein are for convenience of
reference only and shall not be deemed to alter or affect the meaning or
interpretation of any provisions hereof.

                            [SIGNATURE PAGES FOLLOW]

                                       -3-

<Page>

         IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture No. 2 to be duly executed as of the date first above written.

                  IESI CORPORATION

                  By:/s/ Thomas J. Cowee
                     -----------------------------------------
                       Name:        Thomas J. Cowee
                       Title:       Vice President, Chief Financial Officer,
                                    Treasurer and Assistant Secretary

                  THE BANK OF NEW YORK, as Trustee

                  By: /s/ Beata Hyrniewicka
                     --------------------------------------------------
                       Name: Beata Hyrniewicka
                       Title: Assistant Treasurer

                  EXISTING SUBSIDIARY GUARANTORS:

                  IESI AR CORPORATION
                  IESI AR LANDFILL CORPORATION
                  IESI LA CORPORATION
                  IESI LA LANDFILL CORPORATION
                  IESI MO CORPORATION
                  IESI NJ CORPORATION
                  IESI NJ RECYCLING CORPORATION
                  IESI NY CORPORATION
                  IESI OK CORPORATION
                  IESI PA BETHLEHEM LANDFILL CORPORATION
                  IESI PA BLUE RIDGE LANDFILL CORPORATION
                  IESI PA CORPORATION
                  IESI TX CORPORATION
                  IESI TX GP CORPORATION
                  TOTAL WASTE SYSTEMS, INC.
                  TWS, INC.
                  TWS OF SOUTHWESTERN OKLAHOMA, INC.
                  ERVIN'S TRASH SERVICES, INC.
                  GRAND LAKE SANITATION, INC.
                  TWS OF CADDO COUNTY, INC.
                  CENTER POINT DISPOSAL, INC.
                  AMD INC.

<Page>

                 ENVIROCLEAN SYSTEMS, INC.
                 BEST DISPOSAL SERVICE, INC.

                 By:/s/ Thomas J. Cowee
                    -----------------------------------------
                      Name:        Thomas J. Cowee
                      Title:       Vice President, Chief Financial Officer,
                                   Treasurer and Assistant Secretary

                 IESI DE CORPORATION
                 IESI DE LP CORPORATION

                 By:/s/ Christopher V. Della Pietra
                    -----------------------------------------
                      Name:        Christopher V. Della Pietra
                      Title:       Vice President

                 IESI TX LANDFILL LP

                 By:  IESI TX GP Corporation,
                          its General Partner

                 By:      /s/ Thomas J. Cowee
                    --------------------------------------------------
                      Name:        Thomas J. Cowee
                      Title:       Vice President, Chief Financial Officer
                                   and Treasurer

                 CENTRAL LOUISIANA WASTE, LLC

                 By:    IESI LA Landfill Corporation, its managing member

                 By:      /s/ Thomas J. Cowee
                    --------------------------------------------------
                      Name:        Thomas J. Cowee
                      Title:       Vice President, Chief Financial Officer,
                                   Treasurer and Assistant Secretary

<Page>

                 NEW SUBSIDIARY GUARANTOR:

                 WaCo Land Holding, Inc.

                 By:      /s/ Thomas J. Cowee
                    --------------------------------------------------
                      Name:        Thomas J. Cowee
                      Title:       Vice President, Chief Financial Officer,
                                   Treasurer and Assistant Secretary

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