Document:

EXHIBIT 10(a)23

 

BASE SALARIES OF NAMED EXECUTIVE OFFICERS

 

THE SOUTHERN COMPANY

 

Effective as of March 1, 2007, the following are the annual base salaries of the Chief Executive Officer, Chief Financial Officer and certain other executive officers of The Southern Company.

 

	
            David M. Ratcliffe

President and Chief Executive Officer
 	
            $1,075,700
 
	
            Thomas A. Fanning

Executive Vice President, Chief Financial Officer and

Treasurer
 	
            $615,449
 
	
            Charles D. McCrary

Executive Vice President of the Company,

President and Chief Executive Officer of Alabama

Power Company 
 	
            $633,724
 
	
            Michael D. Garrett

Executive Vice President of the Company,

President and Chief Executive Officer of Georgia Power 

Company
 	
            $620,895
 
	
            W. Paul Bowers

Executive Vice President, Southern Company Services
 	
            $506,814EXHIBIT 10(b)17

 

BASE SALARIES OF NAMED EXECUTIVE OFFICERS

 

ALABAMA POWER COMPANY

 

Effective as of March 1, 2007, the following are the annual base salaries of the Chief Executive Officer, the Chief Financial Officer and certain other executive officers of Alabama Power Company.

 

	
            Charles D. McCrary

President and Chief Executive Officer
 	
            $633,724
 
	
            Art P. Beattie

Executive Vice President, Chief Financial Officer and 

Treasurer
 	
            $279,293
 
	
            C. Alan Martin

Executive Vice President
 	
            $396,280
 
	
            Steven R. Spencer

Executive Vice President
 	
            $364,603
 
	
            Jerry L. Stewart

Senior Vice President
 	
            $337,897EXHIBIT 10(c)25

 

BASE SALARIES OF NAMED EXECUTIVE OFFICERS

 

GEORGIA POWER COMPANY

 

Effective as of March 1, 2007 the following are the annual base salaries of the Chief Executive Officer, Chief Financial Officer and certain other executive officers of Georgia Power Company (the “Company”).

 

	
            Michael D. Garrett

President and Chief Executive Officer
 	
            $620,895
 
	
            Cliff S. Thrasher

Executive Vice President, Chief Financial Officer and Treasurer
 	
            $267,645
 
	
            Christopher C. Womack

Executive Vice President
 	
            $327,925
 
	
            James H. Miller, III

Senior Vice President and General Counsel
 	
            $324,770
 
	
            Mickey A. Brown

Executive Vice President
 	
            $323,409
 

 

William C. Archer, III served as Executive Vice President of the Company until his retirement effective March 19, 2006.  Mr. Archer’s annual base salary for the year ended December 31, 2005 was $294,790.EXHIBIT 10(d)18

 

BASE SALARIES OF NAMED EXECUTIVE OFFICERS

 

GULF POWER COMPANY

 

Effective as of March 1, 2007, the following are the annual base salaries of the Chief Executive Officer, Chief Financial Officer and certain other executive officers of Gulf Power Company.

 

	
            Susan N. Story

President and Chief Executive Officer
 	
            $370,172
 
	
            Ronnie R. Labrato

Vice President and Chief Financial Officer
 	
            $233,614
 
	
            Francis M. Fisher, Jr.

Vice President
 	
            $243,568
 
	
            P. Bernard Jacob

Vice President
 	
            $210,799
 
	
            Penny M. Manuel

Vice President
 	
            $189,218EXHIBIT 10(e)16

 

BASE SALARIES OF NAMED EXECUTIVE OFFICERS

 

MISSISSIPPI POWER COMPANY

 

Effective as of March 1, 2007, the following are the annual base salaries of the Chief Executive Officer, Chief Financial Officer and certain other executive officers of Mississippi Power Company (the “Company”).

 

	
            Anthony J. Topazi

President and Chief Executive Officer
 	
            $366,675
 
	
            Frances V. Turnage

Vice President, Treasurer and Chief Financial Officer
 	
            $212,747
 
	
            Donald R. Horsley

Vice President
 	
            $242,684
 
	
            Kimberly D. Flowers

Vice President
 	
            $207,440
 
	
            John W. Atherton

Vice President
 	
            $175,945
 

 

Bobby Kerley, Vice President of Alabama Power Company, served as Vice President of the Company until March 31, 2006.  Mr. Kerley’s annual base salary for the year ended December 31, 2005 was $226,961.RadioShack Corp Form 10-K December 31, 2006 Exhibit 10.8

    

      Exhibit
        10.8

      

      RADIOSHACK
        CORPORATION

       

      OFFICERS’
        SEVERANCE PROGRAM

       

      1.  PURPOSE
        OF PROGRAM.
        The purpose of the RadioShack Corporation Officers’ Severance Program (the
“Program”) is to retain well-qualified individuals as officers of
        RadioShack Corporation, and to provide a benefit to each such individual
        if
        his/her employment is terminated prior to the third anniversary of the Effective
        Date (as defined below), under qualifying circumstances. The Program is intended
        to qualify as a “top-hat” plan under the Employee Retirement Income Security Act
        of 1974, as amended (“ERISA”), in that it is intended to be an “employee benefit
        plan” (as such term is defined under Section 3(3) of ERISA) which
        is unfunded and provides benefits only to a select group of management or
        highly
        compensated employees of the Company and/or its Subsidiaries.

       

      2.  DEFINITIONS.
        The
        following terms shall have the following meanings unless the context indicates
        otherwise:

       

      (a)  “Applicable
        Benefits Schedule” with respect to a Participant shall mean the Benefits
        Schedule applicable to the Participant based on his or her position with
        the Company or, if applicable, a Subsidiary. 

       

      (b)  “Beneficiary”
The
        Participant’s estate shall be deemed to be the Participant’s designated
        Beneficiary.

       

      (c)  “Benefits
        Schedule”
shall mean a separate Benefits Schedule, if any, adopted as part of the Program,
        which Schedule sets forth certain provisions relating to the determination
        of eligibility for and/or the amount of Severance Benefits payable under
        the
        Program.

       

      (d)  “Board”
shall
        mean
        the Board of Directors of the Company.

       

      (e)  “Cause”
means
        (i) the Participant is convicted of a felony or of any crime involving
        moral turpitude, dishonesty, fraud, theft or financial impropriety; or
        (ii) a reasonable determination by the Committee that, (A) the
        Participant has willfully and continuously failed to perform his/her duties
        (other than such failure resulting from incapacity due to physical or mental
        illness), after a written demand for corrected performance is delivered to
        the
        Participant which specifically identifies the manner(s) in which the
        Participant has not performed his/her duties, (B) the Participant has
        engaged in illegal conduct, an act of dishonesty, moral turpitude, dishonesty,
        fraud, theft, financial impropriety or gross misconduct injurious to the
        Company
        or any Subsidiary, or (C) the Participant has violated a material provision
        of the Company’s Code of Ethics, Financial Code of Ethics, or Participant’s
        fiduciary duty to the Company or any Subsidiary. 

       

      (f)  “Code”
means
        the
        Internal Revenue Code of 1986, as amended.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (g)  “Committee”
shall
        mean (i) the Board or (ii) a committee or subcommittee of the Board as
        from time to time appointed by the Board from among its members. The initial
        Committee shall be the Board’s Management Development and Compensation
        Committee. In the absence of an appointed Committee, the Board shall function
        as
        the Committee under the Program. 

       

      (h)  “Company”
shall
        mean RadioShack Corporation, a Delaware corporation, including any successor
        entity or any successor to the assets or business of the Company. “Company”
shall not include any Subsidiary.

       

      (i)  “CIC
        Agreement”
shall include any termination protection agreement entered into by the Company
        or any Subsidiary and a Participant and the Company’s Termination Protection
        Plan Level I by which a Participant may be covered.

       

      (j)  “Effective
        Date”
shall mean May 18, 2006.

       

      (k)  “ERISA”
shall
        have
        the meaning ascribed to such term in Section 1.

       

      (l)  [RESERVED]

       

      (m)  “Good
        Reason” shall
        have the meaning ascribed to such term in a Participant’s Applicable Benefits
        Schedule if said schedule contains a definition of, and thus a right to
        terminate for, Good Reason. 

       

      (n)  “Participant(s)”
        shall have the meaning set forth in Section 3.

       

      (o)  “Payroll
        Date”
shall mean each regularly scheduled date during Participant’s employment on
        which base salary payments are made and after a Termination Date, each regularly
        scheduled date on which such payments would be made if employment
        continued.

       

      (p)  “Program”
shall
        have the meaning ascribed to such term in Section 1.

       

      (q)  “Qualifying
        Termination” shall mean (i) involuntary termination by the Company of the
        employment of the Participant with the Company and all of its Subsidiaries
        for
        any reason other than death, disability or Cause, or (ii) resignation of
        the Participant for Good Reason if such Participant’s Applicable Benefits
        Schedule contains a right to terminate for Good Reason.

       

      (r)  “Reference
        Base
        Salary” with respect to a Participant means the annual base salary of such
        Participant as in effect immediately prior to the Termination Date (determined
        without regard to any reduction which would constitute a basis for a
        Participant’s resignation for Good Reason, if such Participant’s Applicable
        Benefits Schedule contains such a right to terminate for Good
        Reason).

       

      (s)  “Retention
        Period”
shall mean the period beginning on the Effective Date and ending on the third
        anniversary of the Effective Date.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      
         

        (t)  “Severance
          Benefits” shall mean the compensation and benefits provided to a Terminated
          Participant pursuant to Sections 5 and 6 of the Program.

         

      

    
      (u)  “Severance
        Period”
shall mean the number of months a specific Terminated Participant is entitled
        to
        receive Severance Benefits, which period shall be expressly provided for
        by the
        Committee with respect to the Participant’s participation herein and set forth
        on the Applicable Benefits Schedule.

       

      (v)  “Subsidiary”
shall
        mean a corporation of which the Company directly or indirectly owns more
        than
        fifty percent (50%) of the “voting stock” (meaning the capital stock of any
        class or classes having general voting power under ordinary circumstances,
        in
        the absence of contingencies, to elect the directors of a corporation) or
        any other business entity in which the Company directly or indirectly has
        an
        ownership interest of more than fifty percent (50%).

       

      (w)  “Terminated
        Participant” shall mean a Participant whose employment with the Company and/or a
        Subsidiary has been terminated under circumstances constituting a Qualifying
        Termination as described in Section 5 below.

       

      (x)  “Termination
        Date”
shall mean the date a Terminated Participant’s employment with the Company
        and/or a Subsidiary is terminated as described in Section 5
        below.

       

      (y)  “Vested
        Benefits”
shall mean any base salary or prior year’s bonus or incentive compensation
        earned but unpaid prior to the Termination Date (other than as a result of
        deferral made at the Participant’s election) and any amounts which are or
        become vested or which the Participant is otherwise entitled to under the
        terms
        of any plan, policy, practice or program of, or any contract or agreement
        with,
        the Company or any Subsidiary, at or subsequent to the Termination Date without
        regard to the performance of further services by the Participant or the
        resolution of a contingency; provided that the Program shall in no event
        be
        deemed to modify, alter or amend the terms of any such plan, policy, practice
        or
        program of, or any contract or agreement with, the Company or any Subsidiary.
        

       

      3.  PARTICIPATION.
        All
        executive officers, senior vice presidents, vice presidents, assistant
        secretaries and assistant treasurers of the Company (collectively, the
“Participants”) shall participate in the Program. An officer of a
        Subsidiary of the Company shall be considered a Participant only if the
        Committee has specifically designated such officer as such (as well as
        designating such officer’s applicable Benefits Schedule as described below), and
        such designation is in effect as of the Termination Date. Benefits
        Schedule I shall apply only to the Chief Executive Officer of the Company.
        Benefits Schedule II shall apply only to the executive officers of the
        Company (other than the Chief Executive Officer of the Company). Benefits
        Schedule III shall apply only to the senior vice presidents of the Company.
        Benefits Schedule IV shall apply to the vice presidents, assistant
        secretaries and assistant treasurers of the Company. Notwithstanding the
        preceding, if the Committee specifically designates an officer of a Subsidiary
        as a Participant in the Program, the Committee may designate one of Benefits
        Schedules I through IV to apply to such officer, in which case references
        to
“Company” shall refer to the Subsidiary as deemed applicable. 

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      4.  ADMINISTRATION.

       

      (a)  Responsibility.
        The Committee
        shall have the responsibility, in its sole discretion, to control, operate,
        manage and administer the Program in accordance with its terms.

       

      (b)  Authority
        of the
        Committee.
        The Committee
        shall have the maximum discretionary authority permitted by law that may
        be
        necessary to enable it to discharge its responsibilities with respect to
        the
        Program, including but not limited to the following:

       

      (i)  to
        determine
        eligibility for participation in the Program;

       

      (ii)  to
        establish the
        terms and provisions of, and to adopt as part of the Program, one or more
        Benefits Schedules setting forth, among other things, the Severance Period
        and
        such other terms and provisions as the Committee shall determine;

       

      (iii)  to
        calculate a
        Participant’s Severance Benefits;

       

      (iv)  to
        correct any
        defect, supply any omission, or reconcile any inconsistency in the Program
        in
        such manner and to such extent as it shall deem appropriate in its sole
        discretion to carry the same into effect;

       

      (v)  to
        issue
        administrative guidelines as an aid to administer the Program and make changes
        in such guidelines as it from time to time deems proper;

       

      (vi)  to
        make rules for
        carrying out and administering the Program and make changes in such rules
        as it
        from time to time deems proper;

       

      (vii)  to
        the extent
        permitted under the Program, grant waivers of Program terms, conditions,
        restrictions, and limitations;

       

      (viii)  to
        construe and
        interpret the Program and make reasonable determinations as to a Participant’s
        eligibility for benefits under the Program, including determinations as to
        Qualifying Termination and disability; and

       

      (ix)  to
        take any and all
        other actions it deems necessary or advisable for the proper operation or
        administration of the Program.

       

      (c)  Action
        by the
        Committee.
        Except as may
        otherwise be required or permitted under an applicable charter, the Committee
        may (i) act only by a majority of its members (provided that any
        determination of the Committee may be made, without a meeting, by a writing
        or
        writings signed by all of the members of the Committee), and (ii) may
        authorize any one or more of its members to execute and deliver documents
        on
        behalf of the Committee. 

       

      (d)  Delegation
        of
        Authority.
        The Committee has
        delegated administrative duties to the Company. In addition, the Committee,
        or
        any person to whom it has delegated duties as aforesaid, may employ one or
        more
        persons to render advice with respect to any responsibility the Committee
        or
        such person may have under the Program. The Committee may employ such legal
        or
        other counsel, consultants and agents as it may deem desirable for the
        administration of the Program and may rely upon any opinion or computation
        received from any such counsel, consultant or agent. Expenses incurred by
        the
        Committee in the engagement of such counsel, consultant or agent shall be
        paid
        by the Company, or the Subsidiary whose employees have benefited from the
        Program, as determined by the Committee. 

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      (e)  Determinations
        and Interpretations by the Committee.
        All
        determinations and interpretations made by the Committee or by its delegates
        shall be binding and conclusive to the maximum extent permitted by law on
        all
        Participants and their heirs, successors, and legal
        representatives.

       

      (f)  Information.
        The Company and
        its Subsidiaries shall furnish to the Committee in writing all information
        the
        Committee may deem appropriate for the exercise of its powers and duties
        in the
        administration of the Program. Such information may include, but shall not
        be
        limited to, the full names of all Participants, their earnings and their
        dates
        of birth, employment, retirement, death or other termination of employment.
        Such
        information shall be conclusive for all purposes of the Program, and the
        Committee shall be entitled to rely thereon without any investigation
        thereof.

       

      
        
          (g)  Self-Interest.
            No member of the
            Committee may act, vote or otherwise influence a decision of the Committee
            specifically relating to his/her benefits, if any, under the
            Program.

           
5.  TERMINATION
          OF
          EMPLOYMENT. If the employment of a Participant is terminated during the
          Retention Period in circumstances constituting a Qualifying Termination,
          such
          Terminated Participant shall be entitled to receive Severance Benefits
          in
          accordance with Section 6 below.

         

      

      6.  SEVERANCE
        BENEFITS.
        In the event a Participant is entitled to receive Severance Benefits pursuant
        to
        Section 5 above, the Terminated Participant shall receive a payment equal
        to the Severance Benefits determined in accordance with the Applicable Benefits
        Schedule. 

       

      7.  PARTICIPANT
        COVENANTS. As a condition to receiving the right to participate in the Program
        and any benefits hereunder, each Participant shall enter into an agreement
        with
        the Company or Subsidiary, if deemed applicable, providing for confidentiality
        and nonsolicitation obligations. 

       

      8.  CLAIMS.

       

      (a)  Claims
        Procedure.
        If any
        Participant or Beneficiary, or their legal representative, has a claim for
        benefits which is not being paid, such claimant may file a written claim
        with
        the Committee setting forth the amount and nature of the claim, supporting
        facts, and the claimant’s address. A claimant must file any such claim within
        sixty (60) days after a Participant’s Termination Date. Written notice
        of the disposition of a claim by the Committee shall be furnished to the
        claimant within ninety (90) days after the claim is filed. In the event of
        special circumstances, the Committee may extend the period for determination
        for
        up to an additional ninety (90) days, in which case it shall so advise the
        claimant. If the claim is denied, the reasons for the denial shall be
        specifically set forth in writing, pertinent provisions of the Program shall
        be
        cited, including an explanation of the Program’s claim review procedure, and, if
        the claim is perfectible, an explanation as to how the claimant can perfect
        the
        claim shall be provided.

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      (b)  Claims
        Review
        Procedure.
        If a claimant
        whose claim has been denied wishes further consideration of his/her claim,
        he/she may request the Committee to review his/her claim in a written statement
        of the claimant’s position filed with the Committee no later than sixty
        (60) days after receipt of the written notification provided for in
        Section 8(a) above. The Committee shall fully and fairly review the
        matter and shall promptly advise the claimant, in writing, of its decision
        within the next sixty (60) days. Due to special circumstances, the
        Committee may extend the period for determination for up to an additional
        sixty
        (60) days.

       

      9.  TAXES.

       

      (a)  Withholding
        Taxes.
        The Company or,
        if deemed applicable, a Subsidiary shall be entitled to withhold from any
        and
        all payments made to a Participant under the Program all federal, state,
        local
        and/or other taxes or imposts which the Company or the subject Subsidiary
        determines are required to be so withheld from such payments or by reason
        of any
        other payments made to or on behalf of the Participant or for his/her benefit
        hereunder.

       

      (b)  No
        Guarantee of
        Tax Consequences.
        No person
        connected with the Program in any capacity, including, but not limited to,
        the
        Company and any Subsidiary and their directors, officers, agents and employees
        makes any representation, commitment, or guarantee that any tax treatment,
        including, but not limited to, federal, state and local income, estate and
        gift
        tax treatment, will be applicable with respect to amounts deferred under
        the
        Program, or paid to or for the benefit of a Participant under the Program,
        or
        that such tax treatment will apply to or be available to a Participant on
        account of participation in the Program.

       

      10.  TERM
        OF PROGRAM.
        The Program shall be effective as of the Effective Date and shall remain
        in
        effect until the Board terminates the Program in accordance with
        Section 11(b) below. 

       

      11.  AMENDMENT
        AND
        TERMINATION.

       

      (a)  Amendment
        of
        Program.
        The Program may
        be amended by the Board at any time with or without prior notice; provided,
        however, that any amendment of the Program during the thirty six (36)-month
        period immediately following the Effective Date which is less favorable to
        a
        Participant shall not be effective as to such Participant unless the Participant
        shall have consented thereto in writing. 

       

      (b)  Termination
        of
        Program.
        The Program may
        be terminated or suspended by the Board at any time with or without prior
        notice; provided, however, that any termination or suspension to be effective
        during the thirty six (36)-month period immediately following the Effective
        Date
        shall not be effective with respect to any Participant unless such Participant
        shall have consented thereto in writing. 

       

      (c)  No
        Adverse
        Affect.
        If the Program is
        amended, terminated, or suspended in accordance with Section 11(a) or
        11(b) above, such action shall not adversely affect the benefits under the
        Program to which any Terminated Participant (as of the date of amendment,
        termination or suspension) is entitled.

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      (d)  Code
        Section 409A.
        It is intended
        that this Program and the Committee’s exercise of authority or discretion
        hereunder shall comply with the provisions of Code Section 409A and the
        treasury regulations relating thereto so as not to subject a Participant
        to the
        payment of interest and tax penalty which may be imposed under Code
        Section 409A. In furtherance of this interest, to the extent that any
        regulations or other guidance issued under Code Section 409A after the
        Effective Date would result in a Participant being subject to payment of
        interest and tax penalty under Code Section 409A, the Committee may amend
        this Program, including with respect to the timing of payment of benefits,
        in
        order to avoid the application of Code Section 409A. 

       

      12.  MISCELLANEOUS.

       

      (a)  Offset.
        Severance
        Benefits shall be reduced by any severance or similar payment or benefit
        made or
        provided by the Company or any Subsidiary to the Participant pursuant to
        (i) any severance plan, program, policy or similar arrangement of the
        Company or any Subsidiary of the Company (including without limitation the
        CIC
        Agreement), (ii) any employment agreement between the Company or any
        Subsidiary and the Participant, and (iii) any federal, state, local,
        foreign or other applicable statute, law (common or otherwise), rule, regulation
        or ordinance. For avoidance of doubt, (A) any payment or benefit which is
        a
        Vested Benefit shall not be considered a severance or similar payment or
        benefit
        under this Section 12(a), and (B) the Program is not intended to, and shall
        not, result in any duplication of payments or benefits to any Participant.
        

       

      (b)  No
        Right, Title,
        or Interest in Company Assets.
        Participants
        shall have no right, title, or interest whatsoever in or to any assets of
        the
        Company or its Subsidiaries or any investments that the Company or its
        Subsidiaries may make to aid it in meeting its obligations under the Program.
        Nothing contained in the Program, and no action taken pursuant to its
        provisions, shall create or be construed to create a trust of any kind, or
        a
        fiduciary relationship between the Company or its Subsidiaries and any
        Participant, Beneficiary, legal representative or any other person. To the
        extent that any person acquires a right to receive payments from the Company
        or
        a Subsidiary under the Program, such right shall be no greater than the right
        of
        an unsecured general creditor of the Company or the subject Subsidiary. Subject
        to this Section 12(b), all payments to be made hereunder shall be paid from
        the general funds of the Company or its Subsidiaries and no special or separate
        fund shall be established and no segregation of assets shall be made to assure
        payment of such amounts.

       

      
        (c)  No
          Right to
          Continued Employment.
          The Participant’s
          rights, if any, to continue to serve the Company or a Subsidiary as an
          employee
          shall not be enlarged or otherwise affected by his/her designation as a
          Participant under the Program, and the Company or the applicable Subsidiary
          reserves the right to terminate the employment of any employee at any time.
          The
          adoption of the Program shall not be deemed to give any employee, or any
          other
          individual any right to be selected as a Participant or to continued employment
          with the Company or any Subsidiary.

         

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      
        (d)  Other
          Rights.
          The Program shall
          not affect or impair the rights or obligations of the Company, its Subsidiaries
          or a Participant under any other written plan, contract, arrangement, or
          pension, profit sharing or other compensation plan.

         

      

      (e)  Governing
        Law.
        The Program shall
        be governed by and construed in accordance with the laws of the State of
        Texas
        without reference to principles of conflict of laws, except as superseded
        by
        applicable federal law (including, without limitation, ERISA).

       

      (f)  Severability.
        If any term or
        condition of the Program shall be invalid or unenforceable to any extent
        or in
        any application, then the remainder of the Program, with the exception of
        such
        invalid or unenforceable provision (but only to the extent that such term
        or
        condition cannot be appropriately reformed or modified), shall not be affected
        thereby and shall continue in effect and application to its fullest extent.
        

       

      (g)  Incapacity.
        If the Committee
        determines that a Participant is unable to care for his/her affairs because
        of
        illness or accident or because he or she is a minor, any benefit due the
        Participant may be paid to the Participant’s spouse or to any other person
        deemed by the Committee to have incurred expense for such Participant (including
        a duly appointed guardian, committee or other legal representative), and
        any
        such payment shall be a complete discharge of the Company’s or the subject
        Subsidiary’s obligations hereunder.

       

      (h)  Transferability
        of Rights.
        The Company and
        its Subsidiaries shall have the unrestricted right to transfer its obligations
        under the Program with respect to one or more Participants to any person,
        including, but not limited to, any purchaser of all or any part of the Company’s
        or any of its Subsidiaries’ assets or business. No Participant or Beneficiary
        shall have any right to commute, encumber, transfer or otherwise dispose
        of or
        alienate any present or future right or expectancy which the Participant
        or
        Beneficiary may have at any time to receive payments of benefits hereunder,
        which benefits and the right thereto are expressly declared to be non-assignable
        and nontransferable, except to the extent required by law. Any attempt to
        transfer or assign a benefit, or any rights granted hereunder, by a Participant
        or the spouse of a Participant shall, in the sole discretion of the Committee
        (after consideration of such facts as it deems pertinent), be grounds for
        terminating any rights of the Participant or Beneficiary to any portion of
        the
        Program benefits not previously paid.

       

      (i)  Interest.
        In the event any
        payment to a Participant under the Program is not paid within thirty
        (30) days after it is due and Participant notifies the Company and the
        Company fails to make such payment (to the extent such payment is undisputed),
        such payment shall thereafter bear interest at the prime rate from time to
        time
        as published in The Wall Street Journal, Midwest Edition.

       

      (j)  No
        Obligation to
        Mitigate Damages.
        The Participants
        shall not be obligated to seek other employment in mitigation of amounts
        payable
        or arrangements made under the provisions of the Program and the obtaining
        of
        any such other employment shall in no event effect any reduction of the
        Company’s or its Subsidiaries’ obligations under the Program.

       

      (k)  Forum.
        Any suit brought
        under the Program shall be brought in the federal court for Tarrant County,
        Texas.

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      (l)  Condition
        Precedent to Receipt of Payments or Benefits under the Program.
        A Terminated
        Participant will not be eligible to receive Severance Benefits or any other
        payments or benefits under the Program until (i) such Terminated
        Participant executes a confidentiality, nonsolicitation and general release
        agreement (the “Agreement”) containing, among other items, a general release of
        all claims arising out of said Participant’s employment with, and termination of
        employment from, the Company or the subject Subsidiary in substantially the
        form
        attached hereto as Exhibit A (adjusted as necessary to conform to then
        existing legal requirements); and (ii) the revocation period specified in
        the Agreement expires without such Terminated Participant exercising his/her
        right of revocation as set forth in the Agreement.

       

      (m)  Assumption
        by
        Successor to the Company.
        The Company shall
        cause any successor to its business or assets to assume this Program and
        the
        obligations arising hereunder and to maintain this Program without modification
        or alteration for the period required herein. 

       

      

      
        
          
            

          

          
          

        

        
          9

          
            

          

        

        
          
          

          
          

        

      

      BENEFITS
        SCHEDULE I

      (CEO)

       

      
        	
                Participant

                 

              	
                Company’s
                  Chief Executive Officer

                 

              
	
                Severance
                  Period (applicable during Retention Period)

                 

              	
                18
                  months,
                  plus an additional 1 month per completed year of service with the
                  Company
                  and/or its Subsidiaries, up to a maximum Severance Period of 24
                  months

                 

              
	
                Outplacement
                  Assistance

                 

              	
                A
                  1 year
                  program of outplacement assistance selected by the Company in its
                  discretion

                 

              

      

      

      Additional
        Definition

       

      “Good
        Reason” shall
        mean: 

       

      (a)  any
        significant
        adverse reduction in the Participant’s annual cash compensation opportunity
        expressed in terms of base salary and target annual bonus which is in effect
        immediately prior to the Effective Date (and as increased from time to time
        thereafter), except as part of a general reduction in the total compensation
        opportunities of the Company’s senior executives; for purposes of this
        definition of Good Reason, a “significant adverse reduction” shall solely mean a
        reduction of the Participant’s annual cash compensation opportunity by at least
        ten percent (10%) taken at one time or cumulatively after the Effective Date;
        or

       

      (b)  the
        material
        reduction or material adverse modification of the Participant’s authority or
        duties, such as a substantial diminution or adverse modification in the
        Participant’s status or responsibilities, from his/her authorities being
        exercised and duties being performed by the Participant immediately prior
        to the
        Effective Date (and as such authorities and duties may be increased from
        time to
        time after the Effective Date).

       

      Notwithstanding
        the
        foregoing, any of the circumstances described above may not serve as a basis
        for
        resignation for “Good Reason” by the Participant unless the Participant has
        provided written notice to the Company that such circumstance exists within
        thirty (30) days of the Participant’s learning of such circumstance and the
        Company has failed to cure such circumstance within thirty (30) days
        following such notice; and provided further, the Participant did not previously
        consent to the action leading to his/her claim of resignation for “Good Reason.”

       

      
        
           

        

        
          I-1

          
            

          

        

        
           

        

      

      Severance
        Benefits

       

      If,
        during the
        Retention Period, Participant’s employment with the Company shall terminate
        under circumstances described in Section 5, Participant shall receive the
        following Severance Benefits:

       

      (a)  The
        Company agrees
        to pay Participant severance pay in the form of salary continuation for the
        Severance Period determined using Participant’s then-current base salary
        (disregarding any reduction constituting Good Reason); 

       

      (b)  The
        Company agrees
        to provide the Participant for 1 year (the “Outplacement Period”) from the
        Participant’s last date of employment an outplacement program selected by the
        Company in its discretion; and

       

      (c)  The
        Company agrees
        to pay Participant the monthly premium under the Company’s health and welfare
        plans then in effect for coverage obtained thereunder pursuant to Consolidated
        Omnibus Budget Reconciliation Act of 1985 (“COBRA”) for the Outplacement
        Period in lieu of continuing employee benefits and/or perquisites. Said amount
        shall be paid regardless of whether Participant maintains COBRA coverage.
        

       

      Payments
        and
        assistance relating to (a), (b) and (c) will begin on the Company’s next
        Payroll Date which is at least eight days following the later of the effective
        date of the General Release or the date the General Release is received by
        the
        Vice President - Compensation and Benefits of the Company on behalf of the
        Company (or such later date as may be required under Code Section 409A).
        The first payment, however, will be retroactive to the day following
        Participant’s last day of employment.

       

      In
        the event of
        death, all Severance Benefits (other than the value of outplacement assistance),
        that have become payable prior to the date of death shall be paid to the
        Participant’s Beneficiary.

       

      Notwithstanding
        anything contained in the Program to the contrary, the Company shall pay
        all
        Vested Benefits to a Terminated Participant as soon as practicable following
        the
        Termination Date (or such later date as may be required under Code
        Section 409A); provided that any Vested Benefits attributable to a plan,
        policy practice, program, contract or agreement shall be payable in accordance
        with the terms thereof under which the amounts have accrued.

       

      Notwithstanding
        anything contained in the Program to the contrary, the Company or the Committee
        may, in its sole discretion provide benefits in addition to the benefits
        described under this Benefit Schedule, which benefits may, but are not required
        to be, uniform among Participants.

       

      
        
          
          

        

        
          I-2

          
            

          

        

        
          
          

        

      

      BENEFITS
        SCHEDULE II

      (Executive
        Vice President Group)

       

      
        	
                Participant

                 

              	
                Executive
                  Vice Presidents of the Company

                 

              
	
                Severance
                  Period (applicable during Retention Period)

                 

              	
                18
                  months,
                  plus an additional 1 month per completed year of service with the
                  Company
                  and/or its Subsidiaries, up to a maximum Severance Period of 24
                  months

                 

              
	
                Outplacement
                  Assistance

              	
                A
                  1 year
                  program of outplacement assistance selected by the Company in its
                  discretion

              

      

      

      Additional
        Definition

       

      “Good
        Reason” shall
        mean: 

       

      (a)  any
        significant
        adverse reduction in the Participant’s annual cash compensation opportunity
        expressed in terms of base salary and target annual bonus which is in effect
        immediately prior to the Effective Date (and as increased from time to time
        thereafter), except as part of a general reduction in the total compensation
        opportunities of the Company’s senior executives; for purposes of this
        definition of Good Reason, a “significant adverse reduction” shall solely mean a
        reduction of the Participant’s annual cash compensation opportunity by at least
        ten percent (10%) taken at one time or cumulatively after the Effective Date;
        or

       

      (b)  the
        material
        reduction of the Participant’s authority or duties, such as a substantial
        diminution in the Participant’s status or responsibilities, from his/her
        authorities being exercised and duties being performed by the Participant
        immediately prior to the Effective Date (and as such authorities and duties
        may
        be increased due to promotions from time to time after the Effective
        Date).

       

      Notwithstanding
        the
        foregoing, any of the circumstances described above may not serve as a basis
        for
        resignation for “Good Reason” by the Participant unless the Participant has
        provided written notice to the Company that such circumstance exists within
        thirty (30) days of the Participant’s learning of such circumstance and the
        Company has failed to cure such circumstance within thirty (30) days
        following such notice; and provided further, the Participant did not previously
        consent to the action leading to his/her claim of resignation for “Good Reason.”

       

      
        
           

        

        
          II-1

          
            

          

        

        
           

        

      

      Severance
        Benefits

       

      If,
        during the
        Retention Period, Participant’s employment with the Company shall terminate
        under circumstances described in Section 5, Participant shall receive the
        following Severance Benefits:

       

      (a)  The
        Company agrees
        to pay Participant severance pay in the form of salary continuation for the
        Severance Period determined using Participant’s then-current base salary
        (disregarding any reduction constituting Good Reason); 

       

      (b)  The
        Company agrees
        to provide the Participant for 1 year (the “Outplacement Period”) from the
        Participant’s last date of employment an outplacement program selected by the
        Company in its discretion; and

       

      (c)  The
        Company agrees
        to pay Participant the monthly premium under the Company’s health and welfare
        plans then in effect for coverage obtained thereunder pursuant to Consolidated
        Omnibus Budget Reconciliation Act of 1985 (“COBRA”) for the Outplacement
        Period in lieu of continuing employee benefits and/or perquisites. Said amount
        shall be paid regardless of whether Participant maintains COBRA coverage.
        

       

      Payments
        and
        assistance relating to (a), (b) and (c) will begin on the Company’s next
        Payroll Date which is at least eight days following the later of the effective
        date of the General Release or the date the General Release is received by
        the
        Vice President - Compensation and Benefits of the Company on behalf of the
        Company (or such later date as may be required under Code Section 409A).
        The first payment, however, will be retroactive to the day following
        Participant’s last day of employment.

       

      In
        the event of
        death, all Severance Benefits (other than the value of outplacement assistance),
        that have become payable prior to the date of death shall be paid to the
        Participant’s Beneficiary.

       

      Notwithstanding
        anything contained in the Program to the contrary, the Company shall pay
        all
        Vested Benefits to a Terminated Participant as soon as practicable following
        the
        Termination Date (or such later date as may be required under Code
        Section 409A); provided that any Vested Benefits attributable to a plan,
        policy practice, program, contract or agreement shall be payable in accordance
        with the terms thereof under which the amounts have accrued.

       

      Notwithstanding
        anything contained in the Program to the contrary, the Company or the Committee
        may, in its sole discretion provide benefits in addition to the benefits
        described under this Benefit Schedule, which benefits may, but are not required
        to be, uniform among Participants.

       

      
        
          
          

        

        
          II-2

          
            

          

        

        
          
          

        

      

      BENEFITS
        SCHEDULE III

      (Senior
        Vice President Group)

       

      
        	
                Participant

                 

              	
                Senior
                  Vice
                  Presidents of the Company

                 

              
	
                Severance
                  Period (applicable during Retention Period)

                 

              	
                12
                  months,
                  plus an additional 2 weeks per completed year of service with the
                  Company
                  and/or its Subsidiaries, up to a maximum Severance Period of 18
                  months

                 

              
	
                Outplacement
                  Assistance

              	
                A
                  9 month
                  program of outplacement assistance selected by the Company in its
                  discretion

              

      

      

      

      Additional
        Definition

       

      “Good
        Reason” shall
        mean any significant adverse reduction in the Participant’s annual cash
        compensation opportunity expressed in terms of base salary and target annual
        bonus which is in effect immediately prior to the Effective Date (and as
        increased from time to time thereafter), except as part of a general reduction
        in the total compensation opportunities of the Company’s senior executives; for
        purposes of this definition of Good Reason, a “significant adverse reduction”
shall solely mean a reduction to a position grade below the position grade
        applicable to the Participant immediately prior to the Effective
        Date.

       

      Notwithstanding
        the
        foregoing, any of the circumstances described above may not serve as a basis
        for
        resignation for “Good Reason” by the Participant unless the Participant has
        provided written notice to the Company that such circumstance exists within
        thirty (30) days of the Participant’s learning of such circumstance and the
        Company has failed to cure such circumstance within thirty (30) days
        following such notice; and provided further, the Participant did not previously
        consent to the action leading to his/her claim of resignation for “Good Reason.”

       

      Severance
        Benefits

       

      If,
        during the
        Retention Period, Participant’s employment with the Company shall terminate
        under circumstances described in Section 5, Participant shall receive the
        following Severance Benefits:

       

      (a)  The
        Company agrees
        to pay Participant severance pay in the form of salary continuation for the
        Severance Period determined using Participant’s then-current base salary
        (disregarding any reduction constituting Good Reason); 

       

      
        
           

        

        
          III-1

          
            

          

        

        
           

        

      

      (b)  The
        Company agrees
        to provide the Participant for 9 months (the “Outplacement Period”) from the
        Participant’s last date of employment an outplacement program selected by the
        Company in its discretion; and

       

      (c)  The
        Company agrees
        to pay Participant the monthly premium under the Company’s health and welfare
        plans then in effect for coverage obtained thereunder pursuant to Consolidated
        Omnibus Budget Reconciliation Act of 1985 (“COBRA”) for the Outplacement
        Period in lieu of continuing employee benefits and/or perquisites. Said amount
        shall be paid regardless of whether Participant maintains COBRA coverage.
        

       

      Payments
        and
        assistance relating to (a), (b) and (c) will begin on the Company’s next
        Payroll Date which is at least eight days following the later of the effective
        date of the General Release or the date the General Release is received by
        the
        Vice President - Compensation and Benefits of the Company on behalf of the
        Company (or such later date as may be required under Code Section 409A).
        The first payment, however, will be retroactive to the day following
        Participant’s last day of employment.

       

      In
        the event of
        death, all Severance Benefits (other than the value of outplacement assistance),
        that have become payable prior to the date of death shall be paid to the
        Participant’s Beneficiary.

       

      Notwithstanding
        anything contained in the Program to the contrary, the Company shall pay
        all
        Vested Benefits to a Terminated Participant as soon as practicable following
        the
        Termination Date (or such later date as may be required under Code
        Section 409A); provided that any Vested Benefits attributable to a plan,
        policy practice, program, contract or agreement shall be payable in accordance
        with the terms thereof under which the amounts have accrued.

       

      Notwithstanding
        anything contained in the Program to the contrary, the Company or the Committee
        may, in its sole discretion provide benefits in addition to the benefits
        described under this Benefit Schedule, which benefits may, but are not required
        to be, uniform among Participants.

       

      
        
          
          

        

        
          III-2

          
            

          

        

        
          
          

        

      

      BENEFITS
        SCHEDULE IV

      (Vice
        President Group, Assistant Secretary and Assistant
        Treasurer)

       

      
        	
                Participant

                 

              	
                Vice
                  Presidents, Assistant Secretaries and Assistant Treasurers of the
                  Company

                 

              
	
                Severance
                  Period (applicable during Retention Period)

                 

              	
                6
                  months,
                  plus an additional 2 weeks per completed year of service with the
                  Company
                  and/or its Subsidiaries, up to a maximum Severance Period of 12
                  months

                 

              
	
                Outplacement
                  Assistance

              	
                A
                  6 month
                  program of outplacement assistance selected by the Company in its
                  discretion

              

      

      

      

      Additional
        Definition

       

      “Good
        Reason” shall
        mean any significant adverse reduction in the Participant’s annual cash
        compensation opportunity expressed in terms of base salary and target annual
        bonus which is in effect immediately prior to the Effective Date (and as
        increased from time to time thereafter), except as part of a general reduction
        in the total compensation opportunities of the Company’s senior executives; for
        purposes of this definition of Good Reason, a “significant adverse reduction”
shall solely mean a reduction to a position grade below the position grade
        applicable to the Participant immediately prior to the Effective
        Date.

       

      Notwithstanding
        the
        foregoing, any of the circumstances described above may not serve as a basis
        for
        resignation for “Good Reason” by the Participant unless the Participant has
        provided written notice to the Company that such circumstance exists within
        thirty (30) days of the Participant’s learning of such circumstance and the
        Company has failed to cure such circumstance within thirty (30) days
        following such notice; and provided further, the Participant did not previously
        consent to the action leading to his/her claim of resignation for “Good
        Reason.” 

       

      Severance
        Benefits

       

      If,
        during the
        Retention Period, Participant’s employment with the Company shall terminate
        under circumstances described in Section 5, Participant shall receive the
        following Severance Benefits:

       

      (a)  The
        Company agrees
        to pay Participant severance pay in the form of salary continuation for the
        Severance Period determined using Participant’s then-current base salary
        (disregarding any reduction constituting Good Reason); 

       

      
        
           

        

        
          IV-1

          
            

          

        

        
           

        

      

      (b)  The
        Company agrees
        to provide the Participant for 6 months (the “Outplacement Period”) from the
        Participant’s last date of employment an outplacement program selected by the
        Company in its discretion; and

       

      (c)  The
        Company agrees
        to pay Participant the monthly premium under the Company’s health and welfare
        plans then in effect for coverage obtained thereunder pursuant to Consolidated
        Omnibus Budget Reconciliation Act of 1985 (“COBRA”) for the Outplacement
        Period in lieu of continuing employee benefits and/or perquisites. Said amount
        shall be paid regardless of whether Participant maintains COBRA coverage.
        

       

      Payments
        and
        assistance relating to (a), (b) and (c) will begin on the Company’s next
        Payroll Date which is at least eight days following the later of the effective
        date of the General Release or the date the General Release is received by
        the
        Vice President - Compensation and Benefits of the Company on behalf of the
        Company (or such later date as may be required under Code Section 409A).
        The first payment, however, will be retroactive to the day following
        Participant’s last day of employment.

       

      In
        the event of
        death, all Severance Benefits (other than the value of outplacement assistance),
        that have become payable prior to the date of death shall be paid to the
        Participant’s Beneficiary.

       

      Notwithstanding
        anything contained in the Program to the contrary, the Company shall pay
        all
        Vested Benefits to a Terminated Participant as soon as practicable following
        the
        Termination Date (or such later date as may be required under Code
        Section 409A); provided that any Vested Benefits attributable to a plan,
        policy practice, program, contract or agreement shall be payable in accordance
        with the terms thereof under which the amounts have accrued.

       

      Notwithstanding
        anything contained in the Program to the contrary, the Company or the Committee
        may, in its sole discretion provide benefits in addition to the benefits
        described under this Benefit Schedule, which benefits may, but are not required
        to be, uniform among Participants.

       

      
        
          
          

        

        
          IV-2

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A

       

      FORM
        OF

       

      CONFIDENTIALITY,
        NONSOLICITATION AND GENERAL RELEASE

       

      AGREEMENT

       

      This
        Confidentiality, Nonsolicitation and General Release Agreement (this
“Agreement”), dated ___________, 200__ is between RadioShack Corporation, a
        Delaware corporation (“RadioShack”), and _____________ (the
“Participant”)(collectively the “Parties”).

       

      NOW
        THEREFORE, for
        valuable consideration, the adequacy which is hereby acknowledged, the Parties
        agree as follows:

       

      1.  Separation
        of Employment with RadioShack.
        

       

      a.  Effective
        _______,
        2006 (the “Effective Date”), Participant is terminated and separated from
        his/her position as ____________________________________________ of RadioShack,
        and Participant thereby relinquishes and resigns from all officer and director
        positions, all other titles, and all authorities with respect to RadioShack
        or
        any affiliated entity of RadioShack and shall be deemed terminated and separated
        from employment with RadioShack for all purposes. On the Effective Date,
        (i)
        Participant’s salary and benefits from RadioShack shall cease to accrue, and
        he/she shall cease to be able to contribute to any employee benefit plans
        or
        programs, and (ii) Participant will return to RadioShack all company-issued
        RadioShack property, including all Confidential Information described in
        Section
        3. below.

       

      b.  As
        consideration to
        Participant for this Agreement, RadioShack agrees to pay Participant severance
        payments and benefits in accordance with the Applicable Benefits Schedule
        for
        Participant in the RadioShack Officers’ Severance Program (the “Program”);
        provided, however, Executive does not exercise his/her right of revocation
        under
        Section 6. hereof.

       

      c.  This
        Agreement
        shall be construed in accordance and consistent with, and subject to, the
        provisions of the Program (the provisions of which are incorporated herein
        by
        reference) and, except as otherwise expressly set forth herein, the capitalized
        terms used in this Agreement shall have the same definitions as set forth
        in the
        Program. 

       

      2.  Covenants
        Not to Solicit or Interfere.
        

       

      a.  During
        the period
        of time equal to the Severance Period (determined in accordance with the
        Applicable Benefits Schedule for Participant (both as defined in
        RadioShack’s Officers’ Severance Program (the “Program”))) if and only if
        Participant is receiving severance payments and benefits under the Program,
        Participant shall not, either directly or indirectly, within the United States
        of America or any country of the world in which RadioShack sells, imports,
        exports, assembles, packages or furnishes its products, articles, parts,
        supplies, accessories or services or is causing them to be sold, imported,
        exported, assembled, packaged or furnished through related entities,
        representatives, agents, or otherwise:

      
         

        
          
            
            

          

          
            A-1

            
              

            

          

          
            
            

          

        

      

      i.  solicit
        or induce,
        or attempt to solicit or induce, any employee of RadioShack, current or future,
        to leave or cease their relationship with RadioShack, for any reason whatsoever,
        or hire any current or future employee of RadioShack; or

       

      ii.  solicit
        or attempt
        to solicit RadioShack’s existing or prospective customers to purchase services
        or products that are competitive with those manufactured, designed, programmed,
        serviced, repaired, rented, marketed, offered for sale and/or under any stage
        of
        development by RadioShack as of the date of Participant’s separation from
        RadioShack. For purposes of this Agreement, existing customers shall mean
        those
        persons or firms that RadioShack has made a sale to in the twelve
        (12) months preceding Participant’s separation from employment; and
        prospective customers shall mean those persons or firms whom RadioShack has
        solicited and/or negotiated to sell RadioShack’s products, articles, parts,
        supplies, accessories or services to within the twelve (12) months
        preceding Participant’s separation from RadioShack.

       

      b.  Participant
        acknowledges that RadioShack conducts its business on an international level
        and
        has customers throughout the United States and many other countries, and
        that
        the geographic restriction on solicitation is therefore fair and
        reasonable.

       

      3.  Confidential
        Information.
        

       

      a.  For
        purposes of
        this Agreement, “Confidential Information” includes any and all information and
        trade secrets, whether written or otherwise, relating to RadioShack’s business,
        property, products, services, operations, sales, prospects, research, customers,
        business relationships, business plans and finances.

       

      b.  Participant
        acknowledges that while employed at RadioShack, Participant has had access
        to
        Confidential Information. Participant further acknowledges that the Confidential
        Information is of great value to RadioShack and that its improper disclosure
        will cause RadioShack to suffer damages, including loss of profits.

       

      c.  Participant
        shall
        not at any time or in any manner use, copy, disclose, divulge, transmit,
        convey,
        transfer or otherwise communicate any Confidential Information to any person
        or
        entity, either directly or indirectly, without RadioShack’s prior written
        consent.

       

      d.  Participant
        acknowledges that all of the information described in subsection (a) above
        is
“Confidential Information,” which is the sole and exclusive property of
        RadioShack. Participant acknowledges that all Confidential Information was
        revealed to Participant in trust, based solely upon the confidential employment
        relationship then existing between RadioShack and Participant. Participant
        agrees: (1) that all writings or other records concerning Confidential
        Information are the sole and exclusive property of RadioShack; (2) that all
        manuals, forms, and supplies furnished to or used by Participant and all
        data or
        information placed thereon by Participant or any other person are RadioShack’s
        sole and exclusive property; (3) that, upon execution of this Agreement,
        or upon
        request of RadioShack at any time, Participant shall deliver to RadioShack
        all
        such writings, records, forms, manuals, and supplies and all copies of such;
        (4)
        that Participant will not make or retain any copies of such for his/her own
        or
        personal use, or take the originals or copies of such from the offices of
        RadioShack; and
        (5) that
        Participant will

       

       not,
        at any
        time, publish, distribute, or deliver any such writing or records to any
        other
        person or entity, or disclose to any person or entity the contents of such
        records or writings or any of the Confidential Information.

      
         

        
          
            
            

          

          
            A-2

            
              

            

          

          
            
            

          

        

      

      e.  Participant
        acknowledges that he/she has not disclosed in the past, and agrees not to
        disclose in the future, to RadioShack any confidential information or trade
        secrets of former employers or other entities Participant has been associated
        with.

       

      
        4.  Non-Disparagement.Each
          of Participant
          and RadioShack (for purposes hereof, “RadioShack” shall mean only
          (i) RadioShack by press release or other formally released announcement and
          (ii) the executive officers and directors thereof and not any other
          employees) agrees not to make any public statements that disparage the
          other party, or in the case of RadioShack, its respective affiliates, employees,
          officers, directors, products, articles, parts, supplies, accessories or
          services. Notwithstanding the foregoing, statements made in the course
          of sworn
          testimony in administrative, judicial or arbitral proceedings (including,
          without limitation, depositions in connection with such proceedings) shall
          not be subject to this Section 3.

         
5.  Injunctive
        Relief; Damages.
        Participant
        acknowledges that any breach of this Agreement will cause irreparable injury
        to
        RadioShack and that money damages alone would be inadequate to compensate
        it.
        Upon a breach or threatened breach by Participant of any of this Agreement,
        RadioShack shall be entitled to a temporary restraining order, preliminary
        injunction, permanent injunction or other relief restraining Participant
        from
        such breach without posting a bond. Nothing herein shall be construed as
        prohibiting RadioShack from pursuing any other remedies for such breach or
        threatened breach, including recovery of damages from Participant.

       

      6.  General
        Release

       

      a.
        The Participant,
        for himself/herself, his/her spouse, heirs, administrators, children,
        representatives, executors, successors, assigns, and all other persons claiming
        through Participant, if any (collectively, “Releasers”), knowingly and
        voluntarily releases and forever discharges RadioShack, its affiliates,
        subsidiaries, divisions, successors and assigns and the current, future and
        former employees, officers, directors, trustees and agents thereof, from
        any and
        all claims, causes of action, demands, fees and liabilities of any kind
        whatsoever, whether known and unknown, against RadioShack, that Participant
        has,
        has ever had or may have as of the date of execution of this Agreement,
        including, but not limited to, any alleged violation of:

       

      ● The
        National Labor
        Relations Act, as amended; 

       

      ● Title
        VII of the
        Civil Rights Act of 1964, as amended;

       

      ● The
        Civil Rights
        Act of 1991;

       

      ● Sections 1981
        through 1988 of Title 42 of the United States Code, as amended;

       

      ● The
        Employee
        Retirement Income Security Act of 1974, as amended;

      
         

        
          
            
            

          

          
            
              A-3

            

            
              

            

          

          
            
            

          

        

      

      ● The
        Immigration
        Reform and Control Act, as amended;

       

      ● The
        Americans with
        Disabilities Act of 1990, as amended;

       

      ● The
        Age
        Discrimination in Employment Act of 1967, as amended;

       

      ● The
        Older Workers
        Benefit Protection Act of 1990;

       

      ● The
        Worker
        Adjustment and Retraining Notification Act, as amended;

       

      ● The
        Occupational
        Safety and Health Act, as amended;

       

      ● The
        Family and
        Medical Leave Act of 1993;

       

      ● The
        Equal Pay
        Act;

       

      ● The
        Texas Labor
        Code;

       

      ● The
        Texas
        Commission on Human Rights Act;

       

      ● The
        Texas Pay Day
        Act;

       

      ● Chapter
        38 of the
        Texas Civil Practices and Remedies Code; 
         

        ● Any
          other federal,
          state or local civil or human rights law or any other local, state or federal
          law, regulation or ordinance;

         
● Any
        provisions of
        the State of Texas or Federal Constitutions; or

       

      ● Any
        public policy,
        contract, tort, or common law.

       

      Notwithstanding
        anything herein to the contrary, this Agreement shall not apply to:
        (i) Participant’s rights of indemnification and directors’ and officers’
liability insurance coverage to which he/she was entitled immediately prior
        to
        the effective date hereof with regard to his/her service as an officer of
        RadioShack; (ii) Participant’s rights under any tax-qualified pension,
        claims for accrued vested benefits under any other employee benefit plan,
        policy
        or arrangement maintained by RadioShack or under COBRA, and benefits which
        must
        be provided to Participant pursuant to the terms of any employee benefit
        plan of
        RadioShack; (iii) Participant’s rights under the provisions of RadioShack’s
        Officers’ Severance Program which are intended to survive termination of
        employment; or (iv) Participant’s rights as a stockholder. Excluded from
        this Agreement are any claims which cannot be waived by law. 

       

      b. Participant
        acknowledges and recites that:

       

      (i) Participant
        has
        executed this Agreement knowingly and voluntarily;

         

        
          (ii) Participant
            has
            read and understands this Agreement in its entirety, including the waiver
            of
            rights under the Age Discrimination in Employment Act;

           

        

      

      
        
          
          

        

        
          A-4

          
            

          

        

        
          
          

        

      

       

      (iii) Participant
        has
        been advised and directed orally and in writing (and this
        subparagraph (c) constitutes such written direction) to seek
        legal counsel and any other advice he/she wishes with respect to the terms
        of
        this Agreement before executing it;

      
         
(iv) Participant
        has
        sought such counsel, or freely and voluntarily waives the right to consult
        with
        counsel, and Participant has had an opportunity, if he/she so desires, to
        discuss with counsel the terms of this Agreement and their meaning;

       

      (v) Participant
        enters
        into this Agreement knowingly and voluntarily, without duress or reservation
        of
        any kind, and after having given the matter full and careful consideration;
        and

       

      (vi) Participant
        has
        been offered 21 calendar days after receipt of this Agreement to consider
        its terms before executing it. If Participant has not executed this Agreement
        within 21 days after receipt, this Agreement shall be unenforceable and null
        and
        void.

       

      c. Participant
        shall
        have 7 days from the date hereof to revoke this Agreement by providing written
        notice of the revocation as set forth in Section 5, below, in which event
        this Agreement shall be unenforceable and null and void.

       

      d. 21
        DAYS TO SIGN;
        7-DAY REVOCATION PERIOD.
        PARTICIPANT
        UNDERSTANDS THAT HE/SHE MAY TAKE UP TO 21 CALENDAR DAYS FROM THE DATE OF
        RECEIPT
        OF THIS AGREEMENT TO CONSIDER THIS AGREEMENT BEFORE SIGNING IT. FULLY
        UNDERSTANDING PARTICIPANT’S RIGHT TO TAKE 21 DAYS TO CONSIDER SIGNING THIS
        AGREEMENT, AND AFTER HAVING SUFFICIENT TIME TO CONSIDER PARTICIPANT’S OPTIONS,
        PARTICIPANT HEREBY WAIVES HIS/HER RIGHT TO TAKE THE FULL 21 DAY PERIOD.
        PARTICIPANT FURTHER UNDERSTANDS THAT HE/SHE MAY REVOKE THIS AGREEMENT AT
        ANY
        TIME DURING THE SEVEN (7) CALENDAR DAYS AFTER SIGNING IT, AND THAT THIS
        AGREEMENT SHALL NOT BECOME BINDING UNTIL THE SEVEN (7) DAY REVOCATION PERIOD
        HAS
        PASSED.

       

      e. To
        revoke this
        Agreement, Participant must send a written statement of revocation
        to:

      
         

        RadioShack
          Corporation

        MS
          CF5-121

        300
          RadioShack
          Circle

        Fort
          Worth, TX
          76102

        Attn:
          Vice
          President-Compensation and Benefits

         

      

      The
        revocation must
        be received no later than 5:00 p.m. on the seventh day following
        Participant’s execution of this Agreement. 

       

      7.  Cooperation.
        Participant agrees
        to cooperate with RadioShack, and its financial and legal advisors, and/or
        government officials, in any claims, investigations, administrative proceedings,
        lawsuits, and other legal, internal or business matters, as reasonably requested
        by RadioShack. Also, to the extent Participant incurs travel or other expenses
        with respect to such activities, RadioShack will reimburse his/her for such
        reasonable expenses documented and approved in accordance with RadioShack’s then
        current travel policy.

      
         

        
          
            
            

          

          
            A-5

            
              

            

          

          
            
            

          

        

      

      8.  No
        Admission.
        This Agreement
        shall not in any way be construed as an admission by RadioShack of any act
        of
        discrimination or other unlawful act whatsoever against Participant or any
        other
        person, and RadioShack specifically disclaims any liability to or discrimination
        against Participant or any other person on the part of itself, its employees,
        or
        its agents. 

       

      9.  Severability.
        It is the desire
        and intent of the Parties that the provisions of this Agreement shall be
        enforced to the fullest extent permissible. Accordingly, if any provision
        of
        this Agreement shall prove to be invalid or unenforceable, the remainder
        of this
        Agreement shall not be affected, and in lieu, a provision as similar in terms
        as
        possible shall be added.

       

      10.  Entire
        Agreement.
        This Agreement,
        together with the documents incorporated herein by reference, represents
        the
        entire agreement between the parties with respect to the subject matter hereof
        and this Agreement may not be modified by any oral or written agreement unless
        same is in writing and signed by both parties.

       

      11.  Governing
        Law.
        This Agreement
        shall be governed by the internal laws (and not the choice of law principles)
        of
        the State of Texas, except for the application of pre-emptive federal law.
        

       

      12.  Survival.
        Participant’s
        obligations under this Agreement shall survive the termination of Participant’s
        employment and shall thereafter be enforceable whether or not such termination
        is later claimed or found to be wrongful or to constitute or result in a
        breach
        of any contract or of any other duty owed to Participant.

       

      13.  Amendments;
        Waiver.
        This Agreement may
        not be altered or amended, and no right hereunder may be waived, except by
        an
        instrument executed by each of the Parties.

       

      IN
        WITNESS WHEREOF
        the Parties have executed this Agreement as of the date first above
        written.

       

      RADIOSHACK:

      

      RadioShack
        Corporation, for itself and its subsidiaries

      By: _______________________________

      Its: _______________________________

      

      PARTICIPANT:

                
_______________________________

      Name: _______________________________

       

      
 

      A-6

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