Document:

EX-10.16

 Exhibit 10.16 

ALBERTSONS COMPANIES, INC. 

RESTRICTED STOCK UNIT PLAN 

1. Purpose. The purpose of the Albertsons Companies, Inc. Restricted Stock Unit Plan (the “Plan”) is to motivate and
retain certain individuals who are responsible for the attainment of the primary long-term performance goals of Albertsons Companies, Inc., a Delaware corporation (the “Company”) and its Subsidiaries (the “Company
Group”) through awards of Restricted Stock Units and Tax Bonuses. The Plan was originally adopted by AB Acquisition LLC (“AB Acquisition”) as the “AB Acquisition LLC Phantom Unit Plan” effective as of
March 2, 2015. In connection with the capital and asset restructuring of AB Acquisition and its Affiliates (the “Restructuring”) on December 3, 2017 (the “Restructuring Date”), pursuant to which AB
Acquisition became a subsidiary of the Company, sponsorship of the Plan was transferred to, and assumed by, the Company. Effective on the Restructuring Date, the Plan was amended and restated to reflect the assumption of the Plan by the Company and
related adjustments to outstanding “Phantom Units” granted under the Plan in accordance with the provisions of the Plan and renamed as the “Albertsons Companies, Inc. Phantom Unit Plan.” Effective upon the effective date of the
consummation of the merger (the “Restatement Date”) contemplated by the Agreement and Plan of Merger, dated as of February 18, 2018 (the “Merger Agreement”), by and among Rite Aid Corporation, the Company,
Ranch Acquisition II LLC, and Ranch Acquisition Corp. (and taking into account the reverse stock split of the common stock of the Company, par value $0.01 per share (the “Common Stock”) effectuated by the Company on
February 16, 2018), the Plan is further amended and restated to reflect the conversion of all outstanding Phantom Units under the Plan into Restricted Stock Units of the Company that will be settled in shares of Common Stock upon vesting and
related adjustments in accordance with the provisions of the Plan and renamed as the “Albertsons Companies, Inc. Restricted Stock Unit Plan.” Any Phantom Units that became vested and settled prior to the Restatement Date and any Phantom
Unit forfeited prior to the Restatement Date shall be governed under the terms of the Plan in effect prior to the Restatement Date. 
 2.
Definitions. When used herein, the following terms shall have the following meanings. 
 “Administrator” means the
Board, or a committee of the Board, duly appointed to administer the Plan. 
 “Affiliate” means any Person that controls,
is controlled by, or is under common control with such Person. As used herein, the term “control” (including the terms “controlling,” “controlled by” and “under common control with”) means the possession,
directly or indirectly, of the power to direct or to cause the direction of the management and policies of a Person, whether through ownership of voting securities or other interests, by contract or otherwise. 

“Award” means the Restricted Stock Units and, if applicable, Tax Bonuses, under and subject to the terms and conditions of an
Award Agreement and the Plan. 
 “Award Agreement” means, with respect to a Participant, the Award Agreement between the
Company (or prior to the Restructuring Date, AB Acquisition) and such Participant. 

 “Board” means the Board of Directors of the Company. 

“Cause” means, as determined by the Board or its designee, (i) commission of a felony by the Participant or a
misdemeanor (excluding petty offenses) involving fraud, dishonesty or moral turpitude; (ii) the Participant’s failure (other than as a result of incapacity due to mental or physical impairment) to perform his or her material duties for the
Company Group to the reasonable satisfaction of the Board or the managing board of any other member of the Company Group; (iii) acts of dishonesty by the Participant resulting or intending to result in personal gain or enrichment at the expense
of the Company Group; (iv) the Participant’s breach of any material written policy of the Company Group applicable to the Participant; (v) the Participant’s failure to follow the lawful written directions of the Chief Executive
Officer of the Company, the Board or the person to whom the Participant reports; (vi) conduct by the Participant in connection with the Participant’s duties that is fraudulent, grossly negligent or otherwise materially injurious to the
Company Group; or (vii) breach of restrictive covenants under which the Participant is subject; provided, that, in the event that the Participant is subject to an Employment Agreement that contains a definition of
“cause,” “Cause” under the Plan shall have the meaning set forth in such Employment Agreement. 

“Code” means the Internal Revenue Code of 1986, as amended, or any successor statute thereto. 

“Common Stock” has the meaning set forth in Section 1. 

“Company” has the meaning set forth in Section 1. 

“Company Group” has the meaning set forth in Section 1. 

“Disability” means a determination by the Board in accordance with applicable law that as a result of a physical or mental
injury or illness, the Participant is unable to perform the essential functions of the Participant’s job with or without reasonable accommodation for a period of (i) ninety (90) consecutive days; or (ii) one hundred eighty
(180) days in any one (1) year period; provided, that, in the event that the Participant is subject to an Employment Agreement that contains a definition of Disability, “Disability” under the Plan shall have the
meaning set forth in such Employment Agreement. 
 “Employment Agreement” means an agreement between a Participant and a
member of the Company Group which sets forth the terms and conditions to employment of the Participant, or the retention of the Participant as a director or consultant, by such member of the Company Group. 

“Fair Market Value” means, with respect to a share of Common Stock, on a particular date (i) the closing price of Common
Stock as reported by the New York Stock Exchange (or other securities exchange or national market system as may at the applicable time be the principal market for the Common Stock), or if there is no trading of Common Stock on such date, such price
on the next preceding date on which there was trading in such shares or (ii) if the shares of Common Stock are then traded in an over-the-counter market, the
average of the closing bid and asked prices for the shares of Common Stock in such over-the-counter market for the last preceding date on which there was a sale of such
Common Stock in such market, or (iii) if the shares of Common Stock are not then listed on a national securities exchange or traded in an over-the-counter market, such
value as the Administrator, in its sole discretion, shall determine in good faith using a reasonable method in accordance with Section 409A of the Code. 

  
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 “Participant” means only those employees, directors and consultants of the
Company Group who were notified in writing by the Administrator prior to the Restatement Date that they have been selected to participate in the Plan. 

“Person” means any individual, partnership, firm, trust, corporation, limited liability company or other similar entity. When
two or more Persons act as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of shares or similar equity interests of the Company, such partnership, limited partnership, syndicate or
group shall be deemed a “Person.” 
 “Restricted Stock Unit” means a notional unit representing the right to
receive one share of Common Stock in accordance with the terms and conditions of the Award Agreement. 
 “Plan” has the
meaning set forth in Section 1. 
 “Subsidiary” means, with respect to any Person, any corporations, partnerships,
business trusts, joint stock companies, associations, limited liability companies or other business entities of which (a) if a corporation, a majority of the total voting power of stock entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or
(b) if a partnership, limited liability company, business trust, joint stock company, association or other business entity other than a corporation, a majority of the partnership, membership or other similar ownership interests thereof is at
the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a
partnership, limited liability company, business trust, joint stock company, association or other business entity other than a corporation if such Person or Persons shall be allocated a majority of the partnership, association or other business
entity gains or losses or shall be or control the managing director, manager, a general partner or the trustee of such partnership, limited liability company, business trust, joint stock company, association or other business entity. 

“Tax Bonus” means a bonus as may be included as part of an Award pursuant to Section 7 and the terms of an Award
Agreement. 
 3. Administration. The Plan shall be administered by the Administrator. Subject to the provisions of the Plan and/or
any Award Agreement, the Administrator shall have the authority to: 
 (a) establish from time to time regulations for the administration of
the Plan, interpret the Plan, accelerate the payment of an Award, waive any conditions with respect to an Award (including vesting), delegate in writing administrative matters to committees of the Board or to other persons, as appropriate, and make
such other determinations and take such other action as it deems necessary or advisable for the administration of the Plan; and 

  
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 (b) make calculations or determinations related to any Award, including, without limitation the
achievement of performance criteria. 
 All decisions, actions and interpretations of the Administrator shall be final, conclusive and
binding upon all parties. With respect to Awards granted to a Participant who is a nonemployee director, the Plan shall be administered by the full Board and any references to the Administrator shall be deemed to be references to the full Board.

 4. Participation. Upon the Restatement Date, no new Awards shall be granted under the Plan. 

5. Common Stock Subject to the Plan. The maximum number of shares of Common Stock available to be issued by the Company under the Plan
shall be the number of shares of Common Stock subject to Awards on the Restatement Date, and such number of shares of Common Stock shall be reserved for Awards granted under the Plan. If any Award granted under the Plan shall be canceled or expire,
the shares of Common Stock underlying such Award shall no longer be available for Awards under the Plan. 
 6. Terms and Conditions of
Awards. 
 (a) Vesting. An Award shall vest at such time and upon such terms and conditions as determined by the Administrator
and set forth in an Award Agreement. 
 (b) Transferability of Awards. No Award granted by the Company under the Plan shall be
transferable other than by will or by the laws of descent and distribution except in accordance with the Plan and any applicable Award Agreement. 

(c) Lock-Up Agreement. Upon the issuance by the Company of shares of Common Stock to a
Participant in accordance with the terms and conditions of the applicable Award Agreement and the Plan, the Company may require the Participant to become a party to any applicable lock-up agreement.
Accordingly, the execution of any such lock-up Agreement shall be a condition precedent to the right to receive any such shares of Common Stock 

7. Tax Bonus. If a Participant’s Award includes a right of the Participant to receive a Tax Bonus in addition to Restricted
Stock Units, the amount of the Participant’s Tax Bonus shall be equal to four percent (4%) of the Fair Market Value of the Participant’s vested shares of Common Stock then being delivered to the Participant. The Tax Bonus shall be paid to
the Participant in cash, Common Stock or a combination thereof as determined by the Administrator in its sole discretion. 
 8.
Termination of Employment or Services. Unless otherwise provided in an Award Agreement: 
 (a) Unvested Award. In the event
that the Participant’s employment with or services as a director or consultant for the Company Group is terminated for any reason, any unvested portion of any Award, including any right to any future Tax Bonus, if applicable, shall be
immediately forfeited without the payment of consideration. 

  
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 (b) Vested Award. In the event that the Participant’s employment with or services as
a director or consultant for the Company Group is terminated by the Company Group for Cause, any vested but unpaid portion of an Award, and any right to a future Tax Bonus, shall be immediately forfeited without the payment of consideration. 

9. Adjustments. In the event of any change in the capital structure of the Company by reason of any reorganization, recapitalization,
merger, consolidation, spin-off, reclassification, combination or any transaction similar to the foregoing that occurs following the Restatement Date, the Administrator shall make such substitution or
adjustment, if any, as it deems to be equitable in its reasonable business judgment, to (i) the number of Restricted Stock Units or shares of Common Stock, or the number or kind of other equity interest and/or (ii) any other affected terms
of Awards. 
 10. Plan and Awards Not to Confer Rights with Respect to Continuance of Employment or Relationship. Neither the Plan
nor any action taken thereunder shall be construed as giving any Participant any right to continue such Participant’s relationship with the Company Group, nor shall it give any employee the right to be retained in the employ of the Company
Group, or interfere in any way with the right of the Company Group to terminate any Participant’s employment or relationship, as the case may be, at any time with or without Cause, subject to any existing Employment Agreement. 

11. No Claim or Right Under the Plan. No employee, director or consultant of the Company Group shall at any time have the right to be
selected as a Participant in the Plan nor, having been selected as a Participant and granted an Award, to be granted any additional Award. The terms and conditions of Awards and the Administrator’s determinations and interpretations with
respect thereto need not be the same with respect to each Participant (whether or not such Participants are similarly situated). 
 12.
Listing and Qualification of Common Stock. The Plan, the grant of Awards thereunder, and the obligation of the Company to allot, and issue or deliver Common Stock in respect of such Awards, shall be subject to all applicable Federal and state
laws, rules and regulations and to such approvals by any government or regulatory agency, as may be required. The Company, in its discretion, may postpone the issuance or delivery of Common Stock until completion of any qualification of such Common
Stock under any state or Federal law, rule or regulation, or the rules or regulations of any national securities exchange, as the Company may consider reasonably appropriate, and may require any Award holder to make such representations and furnish
such information as it may consider appropriate in connection with the issuance or delivery of Common Stock in compliance with applicable laws, rules and regulations. Certificates representing Common Stock may bear such legend as the Company may
consider appropriate under the circumstances. 
 13. Taxes. The Company shall withhold, or cause to be withheld, the amount of any
required Federal, state, local and other taxes applicable to any Award. 
 14. No Liability of Administrator. No member of the
Administrator shall be personally liable by reason of any contract or other instrument executed by such member or on his or her behalf in his or her capacity as a member of the Administrator or for any mistake of

  
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judgment made in good faith, and the Company shall indemnify and hold harmless each such member and each employee, officer or director of the Company to whom any duty or power relating to the
administration or interpretation of the Plan may be allocated or delegated against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim with the approval of the Board) arising out of any act or
omission to act in connection with the Plan unless such act arises out of such person’s own fraud or willful misconduct. 
 15.
Amendment or Termination. The Administrator may, with prospective or retroactive effect, amend, suspend or terminate the Plan or any portion thereof at any time and for any reason; provided, however, that (i) no amendment,
suspension, or termination, without the consent of the affected Participant, shall affect adversely any then issued and outstanding Award, and (ii) no amendment or other action that requires stockholder approval in order for the Plan to
continue to comply with applicable law, rule or regulation shall be effective unless such amendment or other action shall be approved by the requisite vote of the stockholders of the Company entitled to vote thereon. Notwithstanding any terms of the
Plan to the contrary, the Plan may be amended or modified by the Administrator at any time to the extent necessary to prevent noncompliance with Section 409A of the Code. 

16. Captions. The captions preceding the sections of the Plan have been inserted solely as a matter of convenience and shall not in any
manner define or limit the scope or intent of any provision of the Plan. 
 17. Governing Law. The Plan and all rights thereunder
shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made and to be performed entirely within such State, without reference to conflict of laws principles. 

18. Severability. In the event that any provision of the Plan shall be held illegal or invalid for any reason, such illegality or
invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

19. Effective Date. The Plan was effective as of March 2, 2015, and is hereby amended and restated effective as of the Restatement
Date. 

  
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 Exhibit 10.23 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”), dated as of August 1, 2017 (the “Effective
Date”), between AB Management Services Corp., a Delaware corporation (the “Company”), and Anuj Dhanda (the “Executive,” and together with the Company, the “Parties”). 

WHEREAS, the Executive is currently employed by the Company pursuant to an Employment Agreement entered into between the Executive and the
Company, dated as of November 7, 2015, as amended (the “Prior Employment Agreement”); and 
 WHEREAS, the Parties
desire to amend and restate the Prior Employment Agreement to set forth the terms and conditions of the Executive’s continued employment with the Company under this Agreement that will supersede the Prior Employment Agreement. 

NOW THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements set forth herein and other good and valuable
consideration, the Parties agree to the following: 
 1. Employment and Acceptance. The Company shall continue to employ the
Executive, and the Executive shall accept employment with the Company, subject to the terms of this Agreement effective on the Effective Date. 

2. Term. Subject to earlier termination pursuant to Section 5 of this Agreement, this Agreement and the employment relationship
hereunder shall continue from the Effective Date until January 30, 2020 (the “Term Date”). As used in this Agreement, the “Term” shall refer to the period beginning on the Effective Date and ending on the date
the Executive’s employment hereunder terminates in accordance with this Section 2 or Section 5. In the event that the Executive’s employment with the Company terminates (such date, the “Termination Date”) prior
to the Term Date, the Company’s obligation to continue to pay all base salary, as adjusted, bonus and other benefits then accrued shall terminate except as may be provided for in Section 5 of this Agreement. 

3. Duties and Title. 

3.1 Title. The Executive shall be employed to render exclusive and full-time services to the Company and its subsidiaries and
affiliates. The Executive shall serve in the capacity of Executive Vice President and Chief Information Officer. 
 3.2 Duties. The
Executive shall have such authority and responsibilities and shall perform such executive duties customarily performed by a similarly titled executive of a company in similar lines of business as the Company, its subsidiaries and its affiliates or
as may be assigned to the Executive by the Chief Executive Officer of the Company (the “CEO”). The Executive shall devote all of the Executive’s full working-time and best efforts to the performance of such duties and to the
promotion of the business and interests of the Company, its subsidiaries and its affiliates. Notwithstanding the foregoing, during the Term, subject to disclosure to, and approval by, the Board of Directors of the Company (the
“Board”) or the CEO, the Executive may (a) continue to serve on any boards of directors upon which the Executive 

 
serves as of the Effective Date, and (b) serve on other corporate, industry, civic or charitable boards and committees, provided that with respect to (a) and (b), (x) such
activities, in the Board’s or CEO’s discretion, do not materially interfere with and are not inconsistent with the Executive’s performance of the Executive’s duties under this Agreement and (y) any such entity does not
engage in the “Business” (as defined below). 
 4. Compensation and Benefits by the Company. 

4.1 Base Salary. During the Term, the Company shall pay to the Executive an annual base salary of $600,000, payable in accordance with
the customary payroll practices of the Company (“Base Salary”). The Executive shall be entitled to such increases, if any, in Base Salary as may be determined from time to time by the Board or the compensation committee of the Board
(the “Compensation Committee”). 
 4.2 Bonuses. During the Term, the Executive shall be eligible to receive a bonus
or bonuses (collectively, the “Bonus”) for each fiscal year of the Company subject to a plan (or plans) established by the Company (the “Bonus Plan”) in an amount determined by the Board (or the Compensation
Committee) based upon achievement of performance measures derived from the business plan presented by management and approved by the Board (or the Compensation Committee). The target amount of the Executive’s Bonus for each fiscal year shall be
50% of the Base Salary (the “Target Bonus”). If such performance measures are only partially achieved or not achieved, the Executive shall only be entitled to such Bonus, if any, as provided under the applicable Bonus Plan or as
otherwise determined in the sole discretion of the Board (or the Compensation Committee). 
 4.3 Participation in Employee Benefit
Plans. The Executive shall be entitled, if and to the extent eligible, to participate in all of the applicable benefit plans of the Company or its affiliates, which may be available to other senior executives of the Company, on the same terms as
such other executives. The Company or its affiliates may at any time or from time to time amend, modify, suspend or terminate any employee benefit plan, program or arrangement for any reason without the Executive’s consent if such amendment,
modification, suspension or termination is consistent with the amendment, modification, suspension or termination for other similarly-situated employees of the Company and its affiliates. 

4.4 Expense Reimbursement. The Executive shall be entitled to receive reimbursement for all of the Executive’s appropriate
business expenses incurred in connection with the Executive’s duties under this Agreement in accordance with the policies of the Company as in effect from time to time, as well as reimbursement for the costs incurred by the Executive in
connection with the preparation of the Executive’s applicable tax returns, up to a maximum of $8,000 annually. 
 5. Termination of
Employment. 
 5.1 By the Company for Cause or by the Executive Without Good Reason. If: (i) the Company terminates the
Executive’s employment with the Company for “Cause” (as defined below); or (ii) the Executive voluntarily terminates the Executive’s employment without “Good Reason” (as defined below), the Executive shall be
entitled to receive the following: 
 (a) payment for accrued but unused vacation days, payable in accordance with Company policy; 

  
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 (b) the Executive’s accrued but unpaid Base Salary and vested benefits, if any, through the
Termination Date; 
 (c) the earned but unpaid portion of any Bonus earned in respect of any completed performance period prior to the
Termination Date; and 
 (d) expenses reimbursable under Section 4.4 incurred but not yet reimbursed to the Executive through the
Termination Date (Sections 5.1(a), 5.1(b), 5.1(c) and 5.1(d), collectively, the “Accrued Benefits”). 
 For the purposes of
this Agreement, “Cause” means, as determined by the Board (or its designee), with respect to conduct during the Executive’s employment with the Company, whether or not committed during the Term, (i) conviction of a felony
by the Executive; (ii) acts of intentional dishonesty by the Executive resulting or intending to result in personal gain or enrichment at the expense of the Company, its subsidiaries or its affiliates; (iii) the Executive’s material
breach of the Executive’s obligations under this Agreement; (iv) conduct by the Executive in connection with the Executive’s duties hereunder that is fraudulent, unlawful or grossly negligent; (v) engaging in personal conduct by
the Executive (including but not limited to employee harassment or discrimination, the use or possession at work of any illegal controlled substance) which seriously discredits or damages the Company, its subsidiaries or its affiliates;
(vi) contravention of specific lawful direction from the Board or (vii) breach of the Executive’s covenants set forth in Section 6 below before termination of employment. The Executive shall have fifteen (15) business days
after notice from the Company to cure the deficiency leading to the Cause determination (except with respect to (i) above), if curable. A termination for “Cause” shall be effective immediately (or on such other date set forth by the
Company). 
 For the purposes of this Agreement, “Good Reason” means the occurrence of one or more of the following events
(regardless of whether any other reason, other than Cause, for such termination exists or has occurred): (i) a reduction in the Executive’s Base Salary or Target Bonus, provided that, the Company may at any time or from time to
time amend, modify, suspend or terminate any bonus, incentive compensation or other benefit plan or program provided to the Executive for any reason and without the Executive’s consent if such modification, suspension or termination (x) is
a result of the underperformance of the Company under its business plan, or (y) is consistent with an “across the board” reduction for all senior executives of the Company, and, in each case, is undertaken in the Board’s
reasonable business judgment, acting in good faith, and engaging in fair dealing with the Executive; or (ii) without the Executive’s prior written consent, relocation of the Executive’s principal location of work to any location that
is in excess of fifty (50) miles from the location thereof on the Effective Date. 
 The Company shall have fifteen (15) business
days after receipt from the Executive of a written notice specifying the deficiency to cure the deficiency that would result in Good Reason. 

  
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 5.2 Due to Death or Disability. If either: (a) the Executive’s employment
terminates due to the Executive’s death; or (b) the Company terminates the Executive’s employment with the Company due to the Executive’s “Disability” (as defined below), the Executive or the Executive’s
beneficiaries (in the case of the Executive’s death), shall be entitled to receive (i) the Accrued Benefits and (ii) subject to Section 5.4, a lump sum payment in an amount equal twenty-five percent (25%) of the Executive’s
then Base Salary. 
 For the purposes of this Agreement, “Disability” means a determination by the Company in accordance
with applicable law that as a result of a physical or mental injury or illness, the Executive is unable to perform the essential functions of the Executive’s job with or without reasonable accommodation for a period of (i) ninety (90)
consecutive days; or (ii) one hundred eighty (180) days in any one (1) year period. 
 The Company shall have no obligation
to provide the benefits set forth above (other than the Accrued Benefits) in the event that the Executive breaches the provisions of Section 6. 

5.3 By the Company Without Cause or By the Executive for Good Reason. If the Company terminates the Executive’s employment without
Cause or the Executive the Executive voluntarily terminates the Executive’s employment for Good Reason, the Executive shall be entitled to receive the Accrued Benefits and, subject to Section 5.4: 

(a) a lump sum payment in an amount equal to two hundred percent (200%) of the sum of (i) the Base Salary, plus (ii) the Target
Bonus, each based on the then Base Salary; and 
 (b) reimbursement on a monthly basis of the cost of continuation coverage of group health
coverage (including family coverage) for twelve (12) months; provided that the Executive elects continuation coverage under a policy, plan, program or arrangement of the Company or its affiliate pursuant to COBRA. The twelve
(12) month period shall include, and run concurrently with, the maximum continuation coverage period pursuant to COBRA. If, and to the extent, that any benefit described in this Section 5.3(c) cannot be paid or provided under any policy,
plan, program or arrangement of the Company, then the Company itself shall pay or provide for the payment to the Executive, the Executive’s dependents, eligible family members and beneficiaries, of such benefits, along with, in the case of any
benefit described in this Section 5.3(c) which is subject to tax because it is not or cannot be paid or provided under any such policy, plan, program or arrangement of the Company, an additional amount such that after payment by the Executive,
or the Executive’s dependents, eligible family members or beneficiaries, as the case may be, of all taxes so imposed, the recipient retains an amount equal to such taxes. Notwithstanding the foregoing, benefits under this Section 5.3(c)
shall cease when the Executive is covered under another group health plan. 
 5.4 Continued Compliance and Release. The Company shall
have no obligation to provide the payments and benefits provided in Section 5.2 and Section 5.3 (other than the Accrued Benefits) (the “Severance Benefits”) in the event (a) the Executive breaches the provisions of
Section 6 of this Agreement and (b) unless the Executive signs, and does not revoke, a valid release agreement in a form reasonably acceptable to the Company (the “Release”), not later than sixty (60) days following
the Termination Date. If the Severance Benefits are subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), such Severance Benefits shall begin (or be paid, as applicable) on the first pay period
following the date that is sixty (60) days after the Termination Date. If the Severance Benefits are not otherwise subject to Section 409A of the Code, they shall begin (or be paid, as applicable) on the first pay period after the Release
becomes effective. 

  
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 5.5 No Mitigation. The obligations of the Company to the Executive which arise upon the
termination of the Executive’s employment pursuant to this Section 5 shall not be subject to mitigation or offset. 
 5.6
Removal from any Boards and Position. If the Executive’s employment is terminated for any reason under this Agreement, the Executive shall be deemed to resign (i) if a member, from the Board or board of directors of any subsidiary
or affiliate of the Company or any other board to which the Executive has been appointed or nominated by or on behalf of the Company and (ii) from any position with the Company or any subsidiary or affiliate of the Company, including, but not
limited to, as an officer of the Company and any of its subsidiaries. 
 5.7 Continued Employment Beyond the Expiration of the Term.
Unless the Company and the Executive otherwise agree in writing, continuation of the Executive’s employment with the Company beyond the expiration of the Term shall be deemed an employment at-will and
shall not be deemed to extend any of the provisions of this Agreement and the Executive’s employment may thereafter be terminated at will by either the Executive or the Company; provided that Sections 6, 7, 8, 9.7 and 9.12 of this
Agreement shall survive any termination of this Agreement or the termination of the Executive’s employment hereunder. 
 6.
Restrictions and Obligations of the Executive. 
 6.1 Confidentiality. 

(a) During the course of the Executive’s employment by the Company and its affiliates (prior to, during, and if applicable, after, the
Term), the Executive has had and shall have access to certain trade secrets and confidential information relating to the Company, its subsidiaries and its affiliates (the “Protected Parties”) which is not readily available from
sources outside the Protected Parties. The confidential and proprietary information and, in any material respect, trade secrets of the Protected Parties are among their most valuable assets, including but not limited to, their customer, supplier and
vendor lists, databases, competitive strategies, computer programs, frameworks, or models, their marketing programs, their sales, financial, marketing, training and technical information, their product development (and proprietary product data) and
any other information, whether communicated orally, electronically, in writing or in other tangible forms concerning how the Protected Parties create, develop, acquire or maintain their products and marketing plans, target their potential customers
and operate their retail and other businesses. The Protected Parties invested, and continue to invest, considerable amounts of time and money in their process, technology, know-how, obtaining and developing
the goodwill of their customers, their other external relationships, their data systems and data bases, and all the information described above (hereinafter collectively referred to as “Confidential Information”), and any
misappropriation or unauthorized disclosure of Confidential Information in any form would irreparably harm the Protected Parties. The Executive acknowledges that such Confidential Information constitutes valuable, highly confidential, special and
unique property of the Protected Parties. The Executive shall hold in a 

  
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fiduciary capacity for the benefit of the Protected Parties all Confidential Information relating to the Protected Parties and their businesses, which shall have been obtained by the Executive
during the Executive’s employment by the Company or its affiliates and which shall not be or become public knowledge (other than by acts by the Executive or representatives of the Executive in violation of this Agreement). Except as required by
law or an order of a court or governmental agency with jurisdiction, the Executive shall not, during the period the Executive is employed by the Company, its subsidiaries or its affiliates, or at any time thereafter disclose any Confidential
Information, directly or indirectly, to any person or entity, nor shall the Executive use it in any way, except in the course of the Executive’s employment with, and for the benefit of, the Protected Parties or to enforce any rights or defend
any claims hereunder or under any other agreement to which the Executive is a party, provided that such disclosure is relevant to the enforcement of such rights or defense of such claims and is only disclosed in the formal proceedings
related thereto. The Executive shall take all reasonable steps to safeguard the Confidential Information and to protect it against disclosure, misuse, espionage, loss and theft. The Executive understands and agrees that the Executive shall acquire
no rights to any such Confidential Information. 
 (b) All files, records, documents, drawings, specifications, data, computer programs,
evaluation mechanisms and analytics and similar items relating thereto or to the Business, as well as all customer lists, specific customer information, compilations of product research and marketing techniques of the Company and its affiliates,
whether prepared by the Executive or otherwise coming into the Executive’s possession, shall remain the exclusive property of the Company, its subsidiaries and its affiliates, and the Executive shall not remove any such items from the premises
of the Company, its subsidiaries and its affiliates, except in furtherance of the Executive’s duties under any employment agreement. 

(c) It is understood that while employed by the Company, its subsidiaries or its affiliates, the Executive shall promptly disclose to it, and
assign to it the Executive’s interest in any invention, improvement or discovery made or conceived by the Executive, either alone or jointly with others, which arises out of the Executive’s employment. At the Company’s request and
expense, the Executive shall assist the Company, its subsidiaries and its affiliates during the period of the Executive’s employment by the Company, its subsidiaries and its affiliates and thereafter in connection with any controversy or legal
proceeding relating to such invention, improvement or discovery and in obtaining domestic and foreign patent or other protection covering the same. 

(d) As requested by the Company and at the Company’s expense, from time to time and upon the termination of the Executive’s
employment with the Company for any reason, the Executive shall promptly deliver to the Company, its subsidiaries and its affiliates all copies and embodiments, in whatever form, of all Confidential Information in the Executive’s possession or
within the Executive’s control (including, but not limited to, memoranda, records, notes, plans, photographs, manuals, notebooks, documentation, program listings, flow charts, magnetic media, disks, diskettes, tapes and all other materials
containing any Confidential Information) irrespective of the location or form of such material. If requested by the Company, the Executive shall provide the Company with written confirmation that all such materials have been delivered to the Company
as provided herein. 

  
 6 

 (e) The Executive understands that nothing contained in this Agreement limits the
Executive’s ability to file a charge or complaint with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Securities and Exchange Commission or any other federal, state or local governmental agency or
commission (each, a “Government Agency”). The Executive further understands that this Agreement does not limit the Executive’s ability to communicate with any Government Agency, including to report possible violations of
federal law or regulation or making other disclosures that are protected under the whistleblower provisions of federal law or regulation, or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency,
including providing documents or other information, without notice to the Company. 
 (f) This Agreement does not limit the
Executive’s right to receive an award for information provided to any Government Agency. The Executive will not be criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (i) is
made (x) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (y) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in
a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 
 6.2 Non-Solicitation or Hire. During the Term and for the “Restricted Period” (as defined below) following the termination of the Executive’s employment for any reason, the Executive shall not
directly or indirectly solicit or attempt to solicit or induce, directly or indirectly, (a) any supplier, vendor or service provider to the Company, its subsidiaries or its affiliates to terminate, reduce or alter negatively its relationship
with the Company, its subsidiaries or its affiliates or in any manner interfere with any agreement or contract between the Company, its subsidiaries or its affiliates and such supplier, vendor or service provider; or (b) any employee of the
Company, its subsidiaries or its affiliates or any person who was an employee of the Company, its subsidiaries or its affiliates during the twelve (12) month period immediately prior to the date the Executive’s employment terminates to
terminate such employee’s employment relationship with the Protected Parties in order, in either case, to enter into a similar relationship with the Executive, or any other person or any entity in competition with the Business. 

For the purposes of this Agreement, “Restricted Period” means a period equal to the period of severance under
Section 5.3(a). 
 6.3 Non-Competition. During the Term and for the Restricted Period
following the termination of the Executive’s employment (for any reason), the Executive shall not, whether individually, as a director, manager, member, stockholder, partner, owner, employee, consultant or agent of any business, or in any other
capacity, other than on behalf of the Company, its subsidiaries or its affiliates, organize, establish, own, operate, manage, control, engage in, participate in, invest in, permit the Executive’s name to be used by, act as a consultant or
advisor to, render services for (alone or in association with any person, firm, corporation or business organization), or otherwise assist any person or entity that engages in or owns, invests in, operates, manages or controls any venture or
enterprise which engages or proposes to engage in any business conducted by the Company, its subsidiaries or its affiliates on the Termination Date or within twelve (12) months of the Executive’s termination of employment in the

  
 7 

 
geographic locations where the Company, its subsidiaries or its affiliates engage or, to the Executive’s knowledge, propose to engage in such business (the “Business”).
Notwithstanding the foregoing, nothing in this Agreement shall prevent the Executive from owning for passive investment purposes not intended to circumvent this Agreement, less than five percent (5%) of the publicly traded common equity securities
of any company engaged in the Business (so long as the Executive has no power to manage, operate, advise, consult with or control the competing enterprise and no power, alone or in conjunction with other affiliated parties, to select a director,
manager, general partner, or similar governing official of the competing enterprise other than in connection with the normal and customary voting powers afforded the Executive in connection with any permissible equity ownership). 

6.4 Property. The Executive acknowledges that all originals and copies of materials, records and documents generated by the Executive
or coming into the Executive’s possession during the Executive’s employment by the Company, its subsidiaries or its affiliates are the sole property of the Company, its subsidiaries and its affiliates (“Company Property”).
During the Term, and at all times thereafter, the Executive shall not remove, or cause to be removed, from the premises of the Company, its subsidiaries or its affiliates copies of any record, file, memorandum, document, computer related information
or equipment, or any other item relating to the business of the Company, its subsidiaries or its affiliates, except in furtherance of the Executive’s duties under this Agreement. When the Executive’s employment with the Company terminates,
or upon request of the Company at any time, the Executive shall promptly deliver to the Company all copies of Company Property in the Executive’s possession or control. 

6.5 Nondisparagement. The Executive agrees that the Executive shall not at any time (whether during or after the Term) publish or
communicate to any person or entity any “Disparaging” (as defined below) remarks, comments or statements concerning the Company, Cerberus Capital Management, L.P., their parents, subsidiaries and affiliates, and their respective present
and former members, partners, directors, officers, shareholders, employees, agents, attorneys, successors and assigns. “Disparaging” remarks, comments or statements are those that impugn the character, honesty, integrity or morality
or business acumen or abilities in connection with any aspect of the operation of business of the individual or entity being disparaged. 

7. Remedies; Specific Performance. The Company and the Executive acknowledge and agree that the Executive’s breach or threatened
breach of any of the restrictions set forth in Section 6 shall result in irreparable and continuing damage to the Protected Parties for which there may be no adequate remedy at law and that the Protected Parties shall be entitled to equitable
relief, including specific performance and injunctive relief as remedies for any such breach or threatened or attempted breach. The Executive hereby consents to the grant of an injunction (temporary or otherwise) against the Executive or the entry
of any other court order against the Executive prohibiting and enjoining the Executive from violating, or directing the Executive to comply with any provision of Section 6. The Executive also agrees that such remedies shall be in addition to
any and all remedies, including damages, available to the Protected Parties against the Executive for such breaches or threatened or attempted breaches. In addition, without limiting the Protected Parties’ remedies for any breach of any
restriction on the Executive set forth in Section 6, except as required by law, the Executive shall not be entitled to any Severance Benefits if the Executive has breached the covenants applicable to the Executive contained in Section 6,
the Executive shall immediately return to the Protected Parties any such Severance Benefits previously received, upon such a breach, and, in the event of such breach, the Protected Parties shall have no obligation to pay any of the amounts that
remain payable by the Company under Section 5.3. 

  
 8 

 8. Indemnification. The Company agrees, to the extent permitted by applicable law and its
organizational documents, to indemnify, defend and hold harmless the Executive from and against any and all losses, suits, actions, causes of action, judgments, damages, liabilities, penalties, fines, costs or claims of any kind or nature
(“Indemnified Claim”), including reasonable legal fees and related costs incurred by the Executive in connection with the preparation for or defense of any Indemnified Claim, whether or not resulting in any liability, to which the
Executive may become subject or liable or which may be incurred by or assessed against the Executive, relating to or arising out of the Executive’s employment by the Company or the services to be performed pursuant to this Agreement,
provided that the Company shall only defend, but not indemnify or hold the Executive harmless, from and against an Indemnified Claim in the event there is a final, non-appealable, determination
that the Executive’s liability with respect to such Indemnified Claim resulted from the Executive’s willful misconduct or gross negligence. The Company’s obligations under this section shall be in addition to any other right, remedy
or indemnification which the Executive may have or be entitled to at common law or otherwise. 
 9. Other Provisions. 

9.1 Notices. Any notice or other communication required or which may be given hereunder shall be in writing and shall be delivered
personally, telegraphed, telexed, sent by facsimile transmission or sent by certified, registered or express mail, postage prepaid or overnight mail and shall be deemed given when so delivered personally, telegraphed, telexed, or sent by facsimile
transmission or, if mailed, four (4) days after the date of mailing or one (1) day after overnight mail, as follows: 
 (a) If
the Company, to: 
 AB Management Services Corp. 

Attention: Andrew J. Scoggin 

Telephone: (208) 395-5785 

(b) If the Executive, to the Executive’s home address reflected in the Company’s records. 

9.2 Entire Agreement. This Agreement contains the entire agreement between the Parties with respect to the subject matter hereof and
supersedes all prior agreements, written or oral, with respect thereto, including, without limitation, the Prior Employment Agreement. 

9.3 Limitation on Payments and Benefits. Notwithstanding any provision of this Agreement to the contrary, if any amount or benefit to
be paid or provided under this Agreement would be an “Excess Parachute Payment,” within the meaning of Section 280G of the Code, but for the application of this sentence, then the payments and benefits to be paid or provided under
this Agreement shall be reduced to the minimum extent necessary (but in no 

  
 9 

 
event to less than zero) so that no portion of any such payment or benefit, as so reduced, constitutes an Excess Parachute Payment; provided, however, that the foregoing reduction shall be
made only if and to the extent that such reduction would result in an increase in the aggregate payment and benefits to be provided, determined on an after-tax basis (taking into account the excise tax imposed
pursuant to Section 4999 of the Code, any tax imposed by any comparable provision of state law, and any applicable federal, state and local income and employment taxes). Whether requested by the Executive or the Company, the determination of
whether any reduction in such payments or benefits to be provided under this Agreement or otherwise is required pursuant to the preceding sentence shall be made at the expense of the Company by the Company’s independent accountant. The fact
that the Executive’s right to payments or benefits may be reduced by reason of the limitations contained in this Section 9.3 shall not of itself limit or otherwise affect any other rights of the Executive other than pursuant to this
Agreement. In the event that any payment or benefit intended to be provided under this Agreement or otherwise is required to be reduced pursuant to this Section 9.3, cash Severance Benefits payable hereunder shall be reduced first, then other
cash payments that qualify as Excess Parachute Payments payable to the Executive, then non-cash benefits shall be reduced, as determined by the Company. 

9.4 Representations and Warranties by the Executive. The Executive represents and warrants that the Executive is not a party to or
subject to any restrictive covenants, legal restrictions or other agreements in favor of any entity or person which would in any way preclude, inhibit, impair or limit the Executive’s ability to perform the Executive’s obligations under
this Agreement, including, but not limited to, non-competition agreements, non-solicitation agreements or confidentiality agreements. 

9.5 Waiver and Amendments. This Agreement may be amended, modified, superseded, canceled, renewed or extended, and the terms and
conditions hereof may be waived, only by a written instrument signed by the Parties or, in the case of a waiver, by the Party waiving compliance. No delay on the part of any Party in exercising any right, power or privilege hereunder shall operate
as a waiver thereof, nor shall any waiver on the part of any right, power or privilege hereunder, nor any single or partial exercise of any right, power or privilege hereunder, preclude any other or further exercise thereof or the exercise of any
other right, power or privilege hereunder. 
 9.6 Section 409A. The Company and the Executive intend that the payments and benefits
provided for in this Agreement either be exempt from Section 409A of the Code, or be provided in a manner that complies with Section 409A of the Code, and any ambiguity herein shall be interpreted so as to be consistent with the intent of
this Section 9.6. Notwithstanding anything contained herein to the contrary, to the extent that any Severance Benefits constitute “nonqualified deferred compensation” subject to Section 409A of the Code, all such Severance
Benefits shall be paid or provided only upon the Executive’s “separation from service” within the meaning of Section 409A of the Code and the regulations and guidance promulgated thereunder (determined after applying the
presumptions set forth in Treas. Reg. Section 1.409A-1(h)(1)). Further, if as of the Executive’s Termination Date, the Executive is a “specified employee” as defined in Section 409A of
the Code as determined by the Company in accordance with Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of employment is necessary

  
 10 

 
in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company shall defer the commencement of the payment of any such payments or benefits hereunder
(without any reduction in payments or benefits ultimately paid or provided to the Executive) until the date that is at least six (6) months following the Executive’s Termination Date (or the earliest date permitted under Section 409A
of the Code), whereupon the Company shall pay the Executive a lump-sum amount equal to the cumulative amounts that would have otherwise been previously paid to the Executive under this Agreement during the
period in which such payments or benefits were deferred. Thereafter, payments shall resume in accordance with this Agreement. 

Notwithstanding anything to the contrary in this Agreement, in-kind benefits and reimbursements
provided under this Agreement during any calendar year shall not affect in-kind benefits or reimbursements to be provided in any other calendar year, other than an arrangement providing for the reimbursement
of medical expenses referred to in Section 105(b) of the Code, and are not subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in this Agreement, reimbursement requests must be timely submitted by
the Executive and, if timely submitted, reimbursement payments shall be promptly made to the Executive following such submission, but in no event later than December 31st of the calendar year following the calendar year in which the expense was
incurred. In no event shall the Executive be entitled to any reimbursement payments after December 31st of the calendar year following the calendar year in which the expense was incurred. This paragraph shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to the Executive. 

Additionally, in the event that following the date hereof the Company or the Executive reasonably determines that any compensation or benefits
payable under this Agreement may be subject to Section 409A of the Code, the Company and the Executive shall work together to adopt such amendments to this Agreement or adopt other policies or procedures (including amendments, policies and
procedures with retroactive effect), or take any other commercially reasonable actions necessary or appropriate to (x) exempt the compensation and benefits payable under this Agreement from Section 409A of the Code and/or preserve the
intended tax treatment of the compensation and benefits provided with respect to this Agreement or (y) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance. 

9.7 Governing Law, Dispute Resolution and Venue. This Agreement shall be governed and construed in accordance with the laws of the
State of Idaho applicable to agreements made and not to be performed entirely within such state, without regard to conflicts of laws principles. 

9.8 Assignability by the Company and the Executive. This Agreement, and the rights and obligations hereunder, may not be assigned by
the Company or the Executive without written consent signed by the other Party; provided that the Company may assign this Agreement to any successor that continues the business of the Company. 

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

  
 11 

 9.10 Headings. The headings in this Agreement are for convenience of reference only and
shall not limit or otherwise affect the meaning of terms contained herein. 
 9.11 Severability. If any term, provision, covenant or
restriction of this Agreement, or any part thereof, is held by a court of competent jurisdiction of any foreign, federal, state, county or local government or any other governmental, regulatory or administrative agency or authority to be invalid,
void, unenforceable or against public policy for any reason, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected or impaired or invalidated. The
Executive acknowledges that the restrictive covenants contained in Section 6 are a condition of this Agreement and are reasonable and valid in temporal scope and in all other respects. 

9.12 Judicial Modification. If any court determines that any of the covenants in Section 6, or any part of any of them, is invalid
or unenforceable, the remainder of such covenants and parts thereof shall not thereby be affected and shall be given full effect, without regard to the invalid portion. If any court determines that any of such covenants, or any part thereof, is
invalid or unenforceable because of the geographic or temporal scope of such provision, such court shall reduce such scope to the minimum extent necessary to make such covenants valid and enforceable. 

9.13 Tax Withholding. The Company or other payor is authorized to withhold from any benefit provided or payment due hereunder, the
amount of withholding taxes due any federal, state or local authority in respect of such benefit or payment and to take such other action as may be necessary in the opinion of the Board to satisfy all obligations for the payment of such withholding
taxes. 

  
 12 

 IN WITNESS WHEREOF, the Parties hereto, intending to be legally bound hereby, have executed this Agreement as of
the day and year first above mentioned. 
  

			
	EXECUTIVE
	
	/s/ Anuj Dhanda
	Anuj Dhanda

  

			
	AB MANAGEMENT SERVICES CORP.
		
	By:	 	/s/ Andrew J. Scoggin

 
			
	Name:	 	Andrew J. Scoggin
	Title:	 	 Executive Vice President, Human
 Resources,
Labor Relations, Public
 Relations and Government Affairs

  
 13

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