Document:

STOCK VALUE EQUIVALENT AWARD

 Exhibit 10(r) 
  

			
	 Name of Grantee:
	 	 
	 Grant Date:
	 	 
	 Number of Shares:
	 	 
	 Social Security Number:
	 	 
	 Performance Period:
	 	 
	 Vesting Date:
	 	 

  
 WAL-MART STORES,
INC. 
 STOCK INCENTIVE PLAN OF 1998 
  
 STOCK VALUE EQUIVALENT AWARD 
 NOTIFICATION OF AWARD AND TERMS AND CONDITIONS OF AWARD 
  
 This
Stock Value Equivalent Award Agreement (the “Agreement”) contains the terms and conditions of the Stock Value Equivalent Award granted to you by Wal-Mart Stores, Inc. (“Wal-Mart”), a Delaware corporation, under the Wal-Mart
Stores, Inc. Stock Incentive Plan of 1998. 
  
 1. Grant of Stock Value
Equivalent Award. Wal-Mart has granted to you, effective on the Grant Date (shown above), the right to receive the Fair Market Value of the number of Shares shown above (or such greater or smaller number of Shares as determined in accordance
with Paragraph 6) as of the Vesting Date (as defined below). Such Fair Market Value shall be paid as soon as administratively feasible after the later of the Vesting Date or the Committee’s determination of whether, and the extent to which, the
performance goals described in Paragraph 6 have been satisfied. At your election, the form of payment may be in: (A) in cash, (B) in Shares, or (C) in any combination of cash and Shares. In determining the amount of any cash payout hereunder, Fair
Market Value shall be determined as of the date the payment is processed. 
  
 2.
Stock Incentive Plan Governs. The award and this Agreement are subject to the terms and conditions of the Wal-Mart Stores, Inc. Stock Incentive Plan of 1998, as amended from time to time (the “Plan”). The Plan is incorporated in
this Agreement by reference and all capitalized terms used in this Agreement have the meaning set forth in the Plan, unless this Agreement specifies a different meaning. By signing this Notification, you accept this award, acknowledge receipt of a
copy of the Plan and the prospectus covering the Plan and acknowledge that the award is subject to all the terms and provisions of the Plan and this Agreement. You further agree to accept as binding, conclusive and final all decisions and
interpretations by the Committee of the Plan upon any questions arising under the Plan, including whether, and the extent to which, the performance goals described in Paragraph 6 have been satisfied. 
  
 3. Subject to Shareholder Approval. To the extent you are a “covered
employee” within the meaning of Code Section 162(m), the award and this Agreement are subject to, and conditioned upon, shareholder approval of the material terms of the performance goals stated in Paragraph 6 below. 
  
 4. Payment. You are not required to pay for this Stock Value Equivalent Award.

 5. Stockholder Rights. Until your Stock Value Equivalent Award vests and, if applicable, Shares have been
delivered to you: 
  
 A. You do not have the right to vote your
Stock Value Equivalent Award; and 
  
 B. You will not receive, or
be entitled to receive, cash or non-cash dividends on your Stock Value Equivalent Award. 
  
 6. Vesting of Stock Value Equivalent Award. 
  
 A. Vesting. On the Vesting Date set forth above, you shall become vested in a number of Shares determined by multiplying the total number of Shares subject to your Stock Value Equivalent Award (as shown above)
by a percentage based on performance goals established by the Committee for the Performance Period, provided you have not incurred a Forfeiture Condition described below. You will, by separate writing incorporated into this notice, be notified of
the applicable percentages and performance goals for the Performance Period. 
  
 B. Forfeiture Conditions. Subject to Paragraph 6C below, your Stock Value Equivalent Award that would otherwise vest in whole or in part on the Vesting Date will not vest and shall be immediately forfeited if,
prior to the Vesting Date: 
  
 1. your Continuous Status as an
Associate terminates for any reason (other than your death or Disability, to the extent provided in Paragraph 6C below); or 
  
 2. you (a) have become or (b) are discussing or negotiating the possibility of becoming, or (c) are considering an offer to become, or have accepted an
offer or entered into an agreement to become an employee, officer, director, partner, manager, consultant to, or agent of, or otherwise becoming affiliated with, any entity competing or seeking to compete with Wal-Mart or an Affiliate; or

  
 3. you are subject to an administrative suspension, unless
you are reinstated as an Associate in good standing at the end of the administrative suspension period, in which case your Stock Value Equivalent Award would vest (as provided in Paragraph 6A) as of the date of such reinstatement. 
  
 C. Accelerated Vesting; Vesting Notwithstanding Termination. Your Stock Value
Equivalent Award will vest earlier than described in Paragraph 6A under the following circumstances: 
  
 1. If your Continuous Status as an Associate is terminated by your Disability, you will become vested in a number of Shares equal to the number of Shares
that would have become vested under Paragraph 6A had your Continuous Status as an Associate continued through the Vesting Date described in Paragraph 6A, prorated based upon the number of full 
  

 2 

 calendar months during the Performance Period (as shown above) in which you had Continuous Status as an
Associate. “Disability” for this purpose means you have a physical or mental condition resulting from bodily injury, disease or mental disorder that constitutes total disability under the Federal Social Security Act and for which you have
actually been approved for Social Security disability benefits. 
  
 2. If your Continuous Status as an Associate is terminated by your death on or after ten years of service, you will become vested in a number of Shares equal to the number of Shares that would have become vested under Paragraph 6A had your
Continuous Status as an Associate continued through the Vesting Date described in Paragraph 6A. If your Continuous Status as an Associate is terminated by your death before you have completed ten years of service, you will become vested in a number
of Shares equal to the number of Shares that would have become vested under Paragraph 6A had your Continuous Status as an Associate continued through the Vesting Date described in Paragraph 6A, prorated based upon the number of full calendar months
during the Performance Period (as shown above) in which you had Continuous Status as an Associate. 
  
 In the event of accelerated vesting under this Paragraph 6C, the Fair Market Value of vested Shares, as determined above, shall be paid as soon as administratively feasible after the later of the Vesting Date or the
Committee’s determination of whether, and the extent to which, the performance goals described in Paragraph 6 have been satisfied. Payment shall be made: (A) in cash or by check, (B) in Shares, or (C) in any combination of cash and Shares. At
the time of payment, the Committee may determine the form of payment or whether to extend to you the option of electing the form of payment. In determining the amount of any cash payout hereunder, Fair Market Value shall be determined as of the date
the payment is processed. 
  
 7. Taxes and Tax Withholding. 
  
 A. You will have taxable income in the amount of any cash or the Fair Market
Value of any Shares paid to you under this Agreement. 
  
 B. You
must remit, on or prior to the due date thereof, the minimum amount necessary to satisfy all of the federal, state and local withholding (including FICA) tax requirements imposed on Wal-Mart (or the Affiliate that employs you) relating to this
Agreement. The Committee may require you to satisfy these minimum withholding tax obligations by any (or a combination) of the following means: (i) a cash payment; (ii) withholding from compensation otherwise payable to you; (iii) authorizing
Wal-Mart to withhold from the Shares otherwise deliverable to you under this Agreement as a result of the vesting of the Stock Value Equivalent Award, if any, a number of Shares having a Fair Market Value, as of the date the withholding tax
obligation arises, less than or equal to the amount of the withholding obligation; or (iv) authorizing Wal-Mart to withhold from cash otherwise deliverable to you under this Agreement as a result of the vesting of the Stock Value Equivalent Award,
if any, any amount less than or equal to the amount of the withholding obligation. 
  

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 8. Stock Value Equivalent Award Not Transferable. Neither a Stock Value Equivalent Award, nor your interest in a
Stock Value Equivalent Award, may be sold, conveyed, assigned, transferred, pledged or otherwise disposed of or encumbered at any time. Any attempted action in violation of this paragraph shall be null, void, and without effect. 
  
 9. Other Provisions. 
  
 A. The value of the Stock Value Equivalent Award will not be taken into account in computing the amount of your salary or
other compensation for purposes of determining any pension, retirement, death or other benefit under any employee benefit plan of Wal-Mart or any Affiliate, except to the extent such plan or another agreement between you and Wal-Mart specifically
provides otherwise. 
  
 B. Determinations regarding this
Agreement (including, but not limited to, whether, and the extent to which, the performance goals described in Paragraph 6 have been satisfied, and whether an event has occurred resulting in the forfeiture of or vesting of a Stock Value Equivalent
Award) shall be made by the Committee in accordance with this Agreement, and all determinations of the Committee shall be final and conclusive and binding on all persons. 
  
 C. Neither this Agreement nor the Plan creates any contract of employment, and nothing in this Agreement or the Plan shall
interfere with or limit in any way the right of Wal-Mart or an Affiliate to terminate your employment or service at any time, nor confer upon you the right to continue in the employ of Wal-Mart and/or Affiliate. Nothing in this Agreement or the Plan
creates any fiduciary or other duty to you owed by Wal-Mart, any Affiliate, or any member of the Committee except as expressly stated in this Agreement or the Plan. 
  
 D. Wal-Mart reserves the right to amend the Plan at any time. The Committee reserves the right to amend this Agreement at
any time. 
  
 E. By accepting this award Agreement, you agree to
provide any information reasonably requested from time to time. 
  
 F. You acknowledge that you are not relying, and will not rely, on Wal-Mart for any tax advice. 
  
 G. This Agreement shall be construed under the laws of the State of Delaware. 
  
 Grantee: 
  
 I acknowledge having received, read and understood the Plan and this Agreement. I accept the terms and conditions of my Stock Value Equivalent Award as set forth in this
Agreement, subject to the terms and conditions of the Plan 
  

			
	 By:
	 	  

			
	 Name (please print):
	 	  

 Agreed to and accepted this
                     day of
                                , 200    .

  

 42004 ASSOCIATE STOCK PURCHASE PLAN

 Exhibit 10(t) 
  
 WAL-MART STORES, INC. 
 2004 ASSOCIATE STOCK PURCHASE PLAN 
  
 (As amended and restated effective as of February 1, 2004) 
  

  
 TABLE OF CONTENTS

  

					
	 	 	 	  	Page #

	 I. DEFINITIONS
	  	3
	 1.1.
	 	 Account
	  	3
	 1.2.
	 	 Account Administrator
	  	3
	 1.3.
	 	 Account Closure
	  	3
	 1.4.
	 	 Affiliate
	  	3
	 1.5.
	 	 Associate
	  	3
	 1.6.
	 	 Award Program
	  	3
	 1.7.
	 	 Board
	  	3
	 1.8.
	 	 Committee
	  	3
	 1.9.
	 	 Company
	  	3
	 1.10.
	 	 Contribution
	  	3
	 1.11.
	 	 Employer
	  	3
	 1.12.
	 	 Participant
	  	3
	 1.13.
	 	 Participating Employer
	  	3
	 1.14.
	 	 Payroll Deduction
	  	4
	 1.15.
	 	 Plan
	  	4
	 1.16.
	 	 Plan Year
	  	4
	 1.17.
	 	 Section 16 Officers
	  	4
	 1.18.
	 	 Stock
	  	4
		
	 II. ELIGIBILITY
	  	4
	 2.1.
	 	 In General
	  	4
	 2.2.
	 	 Leaves of Absence
	  	4
		
	 III. PLAN CONTRIBUTIONS
	  	4
	 3.1.
	 	 Shares Available for Contributions
	  	4
	 3.2.
	 	 Plan Contributions
	  	4
	 3.3.
	 	 Maximum Limits on Contributions
	  	5
	 3.4.
	 	 Payroll Deductions
	  	5
	 3.5.
	 	 Matching Contributions
	  	5
	 3.6.
	 	 Award Contributions
	  	5
	 3.7.
	 	 Voluntary Contributions
	  	6
	 3.8.
	 	 Remittance of Contributions
	  	6
		
	 IV. ACCOUNT PURCHASES, MAINTENANCE & SALES
	  	6
	 4.1.
	 	 Account Establishment
	  	6
	 4.2.
	 	 Share Purchases
	  	6
	 4.3.
	 	 Share Purchases for Non-U.S. Participants
	  	7
	 4.4.
	 	 Allocation to Accounts
	  	7
	 4.5.
	 	 Share Ownership
	  	7
	 4.6.
	 	 Account Statements
	  	8
	 4.7.
	 	 Risk of Loss
	  	8
	 4.8.
	 	 Commission & Maintenance Charges
	  	8
	 4.9.
	 	 Account Sales
	  	8

  

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	 V. ACCOUNT CLOSURE & TERMINATION OF EMPLOYMENT
	  	9
	 5.1.
	 	 Account Closure
	  	9
	 5.2.
	 	 By Termination of Employment Other Than Due to Death of Participant
	  	9
	 5.3.
	 	 By Transferring Employment from the Company or a Participating Employer to an Affiliate
	  	9
	 5.4.
	 	 Termination Due to Death of Participant
	  	9
		
	 VI. AWARD PROGRAM
	  	9
	 6.1.
	 	 Scope of the Award Program
	  	9
	 6.2.
	 	 Great Job Component
	  	9
	 6.3.
	 	 Outstanding Performance Component
	  	10
		
	 VII. ADMINISTRATION
	  	10
	 7.1.
	 	 Committee
	  	10
	 7.2.
	 	 Powers of the Committee
	  	10
		
	 VIII. AMENDMENT & TERMINATION
	  	11
	 8.1.
	 	 Right to Amend or Terminate
	  	11
	 8.2.
	 	 Limitation on Right to Amend or Terminate
	  	11
		
	 IX. MISCELLANEOUS PROVISIONS
	  	11
	 9.1.
	 	 Successors
	  	11
	 9.2.
	 	 Severability
	  	11
	 9.3.
	 	 Requirements of Law
	  	11
	 9.4.
	 	 Securities Law Compliance
	  	12
	 9.5.
	 	 No Rights as a Stockholder
	  	12
	 9.6.
	 	 Nature of Payments
	  	12
	 9.7.
	 	 Non-Exclusivity of the Plan
	  	12
	 9.8.
	 	 Military Service
	  	12
	 9.9.
	 	 Construction
	  	12
	 9.10.
	 	 Headings
	  	13
	 9.11.
	 	 Stockholder Approval
	  	13
	 9.12.
	 	 Taxes
	  	13
	 9.13.
	 	 Company-Associate Relationships
	  	13
	 9.14.
	 	 Governing Law
	  	13

  

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 WAL-MART STORES, INC.

 2004 ASSOCIATE STOCK PURCHASE PLAN 
  

	I.	DEFINITIONS 

  
 1.1. “Account” shall mean a Participant’s account which holds his or her shares of Stock pursuant to the Plan. 
  
 1.2. “Account Administrator” shall mean the third party
administrator for the Accounts as may be from time to time appointed by the Committee. 
  
 1.3. “Account Closure” shall mean the closing of a Participant’s Account by one of the following means: 
  

(a) “Automatic Account Closure” shall mean the closure of a Participant’s Account by the Committee (or the
Account Administrator if applicable) at the time such Participant’s Account balance contains no shares (or fractional shares) of Stock on or after his or her termination of employment with the Employer. 
  
 (b) “Participant Account Closure” shall
mean the closure of a Participant’s Account pursuant to a request by the Participant to have his or her Account closed and to have all Stock or proceeds from the sale thereof distributed. 
  
 1.4. “Affiliate” shall mean any entity that is more than 50%
owned or controlled, directly or indirectly, by the Company. 
  
 1.5. “Associate” shall mean any common law employee of an Employer, but shall not include independent contractors. An individual classified by the Employer as either an independent contractor or an individual who provides
services to the Employer through another entity shall not be eligible to participate in this Plan during the period that the individual is so classified, even if such individual is later retroactively reclassified as an Associate during all or any
part of such period pursuant to applicable law or otherwise. 
  
 1.6. “Award Program” shall mean a program established by the Company or a Participating Employer that results in its Associates receiving shares of Stock as an award for job performance. 
  
 1.7. “Board” shall mean the Board of Directors of the
Company. 
  
 1.8. “Committee” shall mean the
Stock Option Committee of the Board, or such other committee as may be appointed by the Board. 
  
 1.9. “Company” shall mean Wal-Mart Stores, Inc., a Delaware corporation. 
  
 1.10. “Contribution” shall mean any of the types of contributions that may be made to a Participant’s Account under the Plan, either
by the Company, a Participating Employer or a Participant as set forth in Section III. 
  
 1.11. “Employer” shall mean the Company and its Affiliates. 
  
 1.12 “Participant” shall mean any Associate of the Company or a Participating Employer who satisfies the eligibility requirements in
Section II and who has an Account established under the Plan, and Participant shall also include any former Associate of the Company or a Participating Employer who was a Participant in the Plan at the time of his or her termination of employment
until such time as an Account Closure occurs. 
  
 1.13
“Participating Employer” shall mean an Affiliate whose participation in the Plan has been approved by the Committee. The Committee may require the Participating Employer to make 

  

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corresponding contributions under the Plan in accordance with rules and procedures established by the Committee. The Committee, in its sole discretion, may
terminate any such Affiliate’s Participating Employer status at any time and the Participants’ Accounts will be treated as if such Participants had transferred employment to an Affiliate that is not a Participating Employer as described in
Section 5.3 of the Plan. 
  
 1.14 “Payroll
Deduction” shall mean the payroll deduction from a Participant’s biweekly or weekly regular compensation (including from vacation pay and any paid leave of absence) of an amount authorized by the Participant as a Payroll Deduction
Contribution. 
  
 1.15 “Plan” shall mean the
Wal-Mart Stores, Inc. 2004 Associate Stock Purchase Plan (formerly known as the Wal-Mart Stores, Inc. 1996 Associate Stock Purchase Plan), as amended, restated and renamed herein, or as it may be further amended from time to time. 
  
 1.16. “Plan Year” shall mean April 1 of a calendar year to
March 31 of the following calendar year, or such other period as set by the Committee. 
  
 1.17. “Section 16 Officers” shall mean those officers of the Company who are subject to subsection 16(a) of the Securities Exchange Act of 1934, as amended. 
  
 1.18. “Stock” shall mean the common stock, $.10 par value
per share, of the Company. 
  

	II.	ELIGIBILITY 

  
 2.1. In General. All Associates (including Section 16 Officers) of the Company or a Participating Employer are eligible to participate in the Plan,
subject to the following limitations: 
  
 (a)
Associates who are restricted or prohibited from participating in the Plan under the applicable law of their state or country of residence may not participate in the Plan, except as may be provided in accordance with rules and procedures established
by the Committee. 
  
 (b) Associates of the
Company and its affiliates who are members of a collective bargaining unit whose benefits were the subject of good faith collective bargaining are excluded from participation in the Plan. 
  
 (c) Participation by Associates of non-U.S. Participating
Employers shall only be permitted upon approval by the Committee, which approval may be limited to groups or categories of Associates designated by the non-U.S. Participating Employer. 
  
 (d) Section 16 Officers may be restricted in their ability to acquire or sell shares of Stock in order to
comply with Section 16 of the Securities Exchange Act of 1934, as amended, in accordance with rules and procedures adopted by the Committee. 
  
 2.2. Leaves of Absence. Participants continue to be eligible to participate in the Plan while on a bona fide leave of absence from the Company or a
Participating Employer in accordance with applicable policies of the Company or Participating Employer, or under such other circumstances with the approval of the Committee. 
  

	III.	PLAN CONTRIBUTIONS 

  
 3.1. Shares Available for Contributions. Subject to stockholder approval, as of February 1, 2004, 142,624,272 shares of Stock will be available for
issuance under the Plan. 
  
 3.2. Plan Contributions. The
definitions of the types of Contributions which may be made pursuant to the Plan are as follows (subject to the limits provided in Section 3.3 as applicable): 
  

(a) “Award Contribution” means a contribution under the Plan on behalf of a Participant by the Company or a
Participating Employer, as applicable, made pursuant to the Award Program in the sole discretion of the Committee. 
  

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 (b) “Matching Contribution” means a cash contribution to the Plan on
behalf of a Participant by the Company or a Participating Employer, as applicable, which is equal to fifteen percent (15%) of the amount of the Participant’s Payroll Deduction (up to a maximum dollar limit). 
  
 (c) “Payroll Deduction Contribution” means
a contribution to the Plan by a Participant pursuant to a valid authorization for a Payroll Deduction. 
  
 (d) “Voluntary Contribution” means a contribution, if and to the extent permitted by the Committee from time to time, of
shares of Stock or cash by the Participant to the Participant’s Account which is not made by Payroll Deduction. 
  
 3.3. Maximum Limits on Contributions. 
  
 (a) Matching Contributions and “Outstanding Performance” awards under the Award Program are subject to a maximum dollar limit
for the Plan Year as set by the Committee from time to time in its discretion. 
  
 (b) During any Plan Year, the combination of Payroll Deduction Contributions and Voluntary Contributions made in cash (not Stock) by a
Participant shall not exceed $125,000. 
  
 3.4. Payroll
Deductions. 
  
 (a) Subject to the
Committee’s authority to adjust the following amounts, a Participant’s authorization for Payroll Deduction shall be for a minimum amount of $2.00 per biweekly pay period or $1.00 per weekly pay period, as applicable to the Participant, and
such Payroll Deduction shall be in even multiples of $.50. 
  
 (b) A Participant’s request for Payroll Deduction (or a request for a revision thereto) will become effective as soon as practicable after receipt of such request by the Company or the Participating Employer, as
applicable. 
  
 (c) A Participant’s Payroll
Deduction authorization may be revised or terminated at any time by the Participant’s request to the Company or the Participating Employer, as applicable. 
  

(d) A Participant’s authorization for Payroll Deduction shall remain effective until the earlier of the Participant’s (1)
request to revise or terminate the Payroll Deduction authorization or (2) termination of employment with the Company or a Participating Employer, subject to Section 8 of the Plan. 
  
 (e) All requests to initiate, revise or terminate an authorization for Payroll Deduction as described in
this Section 3.4 shall be made in writing or in such other form acceptable to the Committee or its delegate from time to time. 
  
 3.5. Matching Contributions. The Company or Participating Employer, as applicable, shall make Matching Contributions as provided under the Plan and
subject to the limits set forth in Section 3.3. 
  
 3.6. Award
Contributions. Award Contributions shall be made, in the Committee’s sole discretion, by either (1) the Company or the Participating Employer, as applicable, remitting to the Account Administrator on behalf of the Participant funds
sufficient to purchase any shares or fractional shares of Stock that have been granted to such Participant under the Award Program or (2) the Participant receiving the Award Contribution directly as a certificate for a share or shares (as
applicable) of Stock. 
  

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 3.7. Voluntary Contributions. Participants may make Voluntary Contributions to the Plan subject to
the terms and limitations described herein or that may be prescribed by the Committee from time to time. 
  
 3.8. Remittance of Contributions. 
  
 (a) The Company or a Participating Employer, as applicable, will forward the total of all Payroll Deductions for the applicable payroll
period along with the corresponding Matching Contributions, a list of Participants for whom the Contributions are being made and the amount allocable to each such Participant’s Account to the Account Administrator as soon as practicable.

  
 (b) Voluntary Contributions, whether made in
cash or shares of Stock, shall be remitted to the Account Administrator directly by the Participant. 
  
 (c) As soon as practicable following a grant of an Award Contribution (for purposes of the “Great Job” component of the Award
Program, a “grant” shall refer to the date on which the Associate tenders his or her four Great Job buttons to the Company in exchange for a share of Stock), an Award Contribution shall be made in the Committee’s sole discretion as
described in Section 3.6 of the Plan. 
  
 (d)
Prior to the time a Participant’s Payroll Deduction and corresponding Matching Contribution is distributed to the Account Administrator, such amounts are considered general assets of the Company or Participating Employer (as applicable) and, as
such, are subject to the claims of the Company’s or Participating Employer’s (as applicable) creditors in the event of insolvency or bankruptcy. In addition, no interest shall be paid on such amounts and all Participants assume the risk of
fluctuations in the value or market price of Stock. 
  

	IV.	ACCOUNT PURCHASES, MAINTENANCE & SALES 

  
 4.1. Account Establishment. The Account Administrator shall establish an Account in accordance with the Plan for any Associate who becomes a
Participant. Upon the Committee’s (or its delegate’s) request, the Account Administrator shall establish an Account for an Associate who is to be awarded shares under an Award Program and who is not then a Participant. 
  
 4.2. Share Purchases. No later than five business days after the
Account Administrator receives the remittance of funds for Contributions (including Voluntary Contributions made in cash) made to the Plan, the Account Administrator shall purchase shares of Stock from the Company, a national stock exchange or in a
combination of the foregoing. Notwithstanding the foregoing, the Committee may from time to time provide instructions to the Account Administrator with respect to the purchase of such shares of Stock but, absent such instructions, the Account
Administrator shall determine the source of such Stock purchases in its discretion. 
  
 (a) In the case of purchases from the Company of authorized but unissued or treasury shares of Stock, the price of such shares is equal to
the Volume Weighted Average Price (VWAP) as reported on the New York Stock Exchange – Composite Transactions on the relevant date of purchase; provided, however, that the Committee may, in its discretion, designate some other methodology for
determining the fair market value of such shares of Stock purchased from the Company. 
  
 (b) The Account Administrator’s purchase of shares of Stock from a national stock exchange and the price per share shall be in
accordance with rules and procedures established by the Committee from time to time. 
  
 (c) As determined in the discretion of the Account Administrator (in accordance with any applicable rules and procedures of the
Committee), funds received as Voluntary Contributions may be bundled into a group for the purpose of purchasing shares of Stock and such shares may be purchased over a time period that is greater than one day. If such shares of Stock are purchased
as 

  

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part of a bundled group, a Participant’s purchase price for each share of Stock shall be the average price of all shares of Stock purchased within that
group as determined by the Account Administrator. 
  
 (d) No provision of this Plan shall limit the ability of the Committee to implement a real-time trading (or other) mechanism for the purchase or sale of shares of Stock under the Plan and, to the extent determined by the Committee, shall
replace any other methodology for valuing and allocating shares of Stock purchased or sold under the Plan. 
  
 4.3. Share Purchases for Non-U.S. Participants. With respect to non-U.S. Participants, the amounts (1) withheld from such a Participant’s
compensation pursuant to an authorization for Payroll Deduction or (2) contributed as either a Matching Contribution or an Award Contribution made directly to a Participant’s Account shall be converted from the applicable foreign currency to
U.S. dollars for the purpose of purchasing shares of Stock, and such conversion shall be pursuant to the exchange rate published in The Wall Street Journal on a date as soon as practicable prior to the effective date of the cash transfer from
the Company or the Participating Employer, as applicable, to the Account Administrator. All such Participants assume the risk of fluctuations in the value or market price of shares of Stock and applicable currency exchange rates. With respect to
non-U.S. Participants making Voluntary Contributions in cash, such amounts must be tendered to the Account Administrator in U.S. dollars unless otherwise determined by the Committee. 
  
 4.4. Allocation to Accounts. The number of shares (whole and fractional shares) of Stock shall depend upon the
purchase price as described in Section 4.2 at the time such purchases are made. Purchases of Stock will be allocated by the Account Administrator based upon the applicable purchase price to each applicable Participant’s Account in proportion to
the respective amount of Contributions received for each Participant’s Account. Allocations of Stock will be made in full shares and in fractional interests in shares to the thousandths of a share. 
  
 4.5. Share Ownership. At the time shares of Stock are credited to a
Participant’s Account, he or she will acquire full ownership of all such shares (as well as any fractional interests) of Stock. 
  
 (a) All shares of Stock will be registered in the name of the Account Administrator and will remain so registered until delivery is
requested by the Participant. The Participant may request from the Account Administrator that a certificate for any or all full shares of Stock be delivered to the Participant at no cost to such Participant at any time. 
  
 (b) The Account Administrator shall cause to be delivered at
no cost to each Participant as promptly as practicable, by mail or otherwise, all notices of meetings, proxy statements and other material distributed by the Company to its stockholders. The full shares of Stock in each Participant’s Account
shall be voted in accordance with the Participant’s signed proxy instructions timely delivered to the Account Administrator. In the event that a Participant does not timely provide the Account Administrator with proxy voting instructions, the
Account Administrator may direct the voting of such shares of Stock held in an Account to the extent such action or direction would comply with applicable law and any applicable listing standards of a national stock exchange. 
  
 (c) A Participant may not assign or hypothecate any interest
in the Plan; provided, however, that upon purchase of shares under the Plan, such shares may be sold, assigned, pledged, hypothecated or otherwise dealt with as would be the case with respect to any other shares of Stock the Participant might
otherwise own. 
  
 (d) Neither the Company nor
any Participating Employer may make any deductions from amounts properly credited to a Participant’s Account. Neither the Company nor any Participating Employer shall have any security interest on the shares of Stock held in a
Participant’s Account. Notwithstanding the foregoing, a lender may have a security interest on the shares of Stock held in a Participant Account if the Participant has pledged such Stock as collateral in connection with a line of credit that
may be obtained by certain Participants (other than Section 16 Officers) through the Stock Secured Line of Credit Program. 
  

 -7- 

 4.6. Account Statements. Each Participant will be sent at least an annual statement reflecting all
Account activity during the period covered by the statement. 
  
 4.7. Risk of Loss. There is no guarantee of the value or market price of shares of Stock acquired pursuant to the Plan. In seeking potential benefits of Stock ownership, each Participant bears the risks associated with Plan
participation and ownership of Stock, including the risk of any decrease in the value of market price of shares of Stock acquired pursuant to the Plan. 
  
 4.8. Commission & Maintenance Charges. 
  
 (a) No brokerage commissions are charged to Participants for purchases of Stock under the Plan, however, brokerage commissions and other
applicable fees shall be charged to the Participant for all sales of Stock from his or her Account. Such commissions and other applicable fees for sales of Stock held in a Participant’s Account shall be at the rates posted by the Account
Administrator, which may be changed from time to time by the Account Administrator with approval of the Committee (or its delegate). 
  
 (b) The Company or Participating Employer, as applicable, shall pay the applicable annual maintenance fees (if any) for the
Participant’s Account until the earlier of (1) a Participant Account Closure occurs or (2) the Participant incurs a termination of employment with the Company or Participating Employer, as applicable, subject to Section 5.3. Any services
requested of the Account Administrator by the Participant that are not covered by the Company’s arrangement with the Account Administrator shall be paid for solely by the Participant. 
  
 (c) At such time as the Company or Participating Employer,
as applicable, ceases to pay the applicable Account maintenance fees as set forth subsection (b) above, the Participant shall become responsible for any applicable Account maintenance fees. In this case, annual maintenance fees and other applicable
charges to the Account shall be paid from time to time to the Account Administrator automatically from the proceeds of a sale of a sufficient number of shares of Stock held in the Participant’s Account until the earlier of a Participant Account
Closure or an Automatic Account Closure occurring. 
  
 4.9.
Account Sales. The Participant may instruct the Account Administrator in writing (or any other method acceptable to the Committee or its delegate) at any time to sell any portion or all of his or her full shares of Stock and the fractional
interest in any shares of Stock allocable to his or her Account, and the timing for such sale of Stock shall be in accordance with rules and procedures established by the Committee from time to time. 
  
 (a) The sale price for a share of Stock under the Plan shall
be the average price of all shares of Stock sold by the Account Administrator on the date of the Participant’s sale transaction; provided, however, that the Committee reserves the right to implement a real-time trading or similar mechanism for
Participants’ sales of shares of Stock from their respective Accounts under the Plan and the valuation of shares of Stock would be in accordance with any such mechanism. 
  
 (b) Upon such sale, the Account Administrator shall mail to the Participant a check (or such method of
payment as approved by the Committee or its delegate) for the proceeds, less the brokerage commission, and other normal charges such as sales fees, which are payable by the Participant. 
  
 (c) Such instruction to the Account Administrator, or a request for delivery of Stock certificates held in
the Participant’s Account, will not affect the Participant’s status as a Participant under the Plan unless an Account Closure occurs. 
  
 (d) With respect to non-U.S. Participants, shares of Stock are sold or traded in U.S. dollars and such amounts can be converted for the
purpose of remitting the proceeds to the non-U.S. Participant. 

  

 -8- 

 
If the proceeds from the sale of shares of Stock held in the Participant’s Account are converted, such conversion shall be made pursuant to the exchange
rate published in The Wall Street Journal on the date such transaction is executed. All such Participants assume the risk of fluctuations in the value or market price of shares of Stock and applicable currency exchange rates. 
  

	V.	ACCOUNT CLOSURE & TERMINATION OF EMPLOYMENT 

  
 5.1. Account Closure. A Participant who elects to discontinue Payroll Deductions under the Plan shall continue to be a Participant until the
earlier of a Participant Account Closure or an Automatic Account Closure occurring. In connection with a Participant Account Closure, the Participant must elect to have his or her Account fully distributed in either (1) Stock (except that the value
of any fractional shares of Stock will be distributed in cash less any applicable fees) or (2) cash by directing all full shares (and fractional interests) of Stock to be sold with the proceeds, less applicable brokerage commissions and other
applicable fees, being distributed. 
  
 5.2. By Termination of
Employment Other Than Due to Death of Participant. The Account of a Participant who incurs a termination of employment (other than by reason of death) with the Company or a Participating Employer will continue to be maintained with the annual
fees and any other applicable charges being paid by the Participant in accordance with Section 4.8(c) of the Plan. 
  
 5.3. By Transferring Employment from the Company or a Participating Employer to an Affiliate. A Participant who transfers employment from the
Company or a Participating Employer to an Affiliate who does not sponsor or participate in the Plan may continue to have his or her Account maintained at the expense of the Company while still employed with an Affiliate until the earlier of a
Participant Account Closure or an Automatic Account Closure occurring (provided that such Automatic Account Closure can only occur following termination of employment with such Affiliate). In connection with a Participant Account Closure, the
Participant must elect to have his or her Account fully distributed in either (1) Stock (except that the value of any fractional shares of Stock will be distributed in cash less any applicable fees) or (2) cash by directing all full shares (and
fractional interests) of Stock to be sold with the proceeds, less applicable brokerage commissions and other applicable fees, being distributed. 
  
 Such Participant shall no longer be eligible to make or receive Contributions to the Plan (including by Payroll Deduction or Voluntary Contribution). 
  
 5.4. Termination Due to Death of Participant. Following a
Participant’s death, the Company or Participating Employer, as applicable, shall cease making Payroll Deductions and Matching Contributions to such Participant’s Account as soon as practicable. In addition, as soon as practicable following
the Participant’s death, the Account Administrator will distribute the proceeds of the deceased Participant’s Account less any applicable fees in accordance with rules and procedures established by the Committee (which may include a
designation by a Participant of a beneficiary or a joint tenant with respect to a Participant’s Account) and, in the absence of applicable rules and procedures (or such designations), to the Participant’s estate. 
  

	VI.	AWARD PROGRAM 

  
 6.1. Scope of the Award Program. The Award Program is designed to provide an incentive to Associates of the Company and Participating Employers who
provide exceptional customer service and job performance. Awards under the Award Program are not intended to be given to those who satisfy, but do not exceed, expectations. The Award Program includes a “Great Job” component and an
“Outstanding Performance” component. 
  
 6.2. Great
Job Component. Awards under the Great Job component consist of “Great Job” buttons, which can be worn by Associates while at work. 
  
 (a) Great Job buttons are awarded by management of the Company or Participating Employers, as applicable. 
  

 -9- 

 (b) Once an Associate earns four “Great Job” buttons, he or she is eligible to
receive one (1) share of Stock and such Participant will be given a new button signifying that he or she is a “Great Job Stockholder” Associate. As described in Section 3.6 of the Plan, the Committee may, in its discretion, issue the award
of Stock under the Award Program to a Participant’s Account under the Plan instead of issuing the Stock certificate directly. 
  
 6.3. Outstanding Performance Component. An “Outstanding Performance” award is an award of Stock to an Associate in recognition of the
individual’s consistently outstanding performance in his or her specific job-related roles over a month, a quarter, or a year. 
  
 (a) Associates who receive “Outstanding Performance” awards may either be issued certificates for shares of Stock or, at the
discretion of the Committee, the Company (or Participating Employer) may have the Account Administrator purchase shares of Stock to be credited to the Participant’s Account as described in Section 3.6 of the Plan. 
  
 (b) “Outstanding Performance” awards are either
approved directly by the Committee or by its delegate in accordance with rules and procedures established by the Committee, and are subject to individual maximum dollar limitations as set by the Committee from time to time. 
  

	VII.	ADMINISTRATION 

  
 7.1. Committee. 
  
 (a) Subject to Section 7.2, the Plan shall be administered by the Committee. 
  
 (b) The Committee may delegate to officers or managers of
the Company or any Affiliate the authority, subject to such terms as the Committee shall determine, to perform specified functions under the Plan. The Committee also may revoke any such delegation of authority at any time. 
  
 7.2. Powers of the Committee. Subject to and consistent with the
provisions of the Plan, the Committee has full and final authority and sole discretion as follows: 
  
 (a) to determine when, to whom and in what types and amounts Contributions should be made; 
  
 (b) to make Contributions to eligible Associates in any
number, and to determine the terms and conditions applicable to each Contribution; 
  
 (c) to determine whether any terms and conditions applicable to a Contribution have been satisfied; 
  
 (d) to set minimum and maximum dollar, share or other
limitations on the various types of Contributions under the Plan; 
  
 (e) to determine whether an Affiliate should be designated as a Participating Employer and whether an Affiliate’s Participating Employer status should be terminated; 
  
 (f) to determine whether Associates of non-U.S.
Participating Employers should be eligible to participate in the Plan; 
  
 (g) to construe and interpret the Plan and to make all determinations, including factual determinations, necessary or advisable for the administration of the Plan; 
  
 (h) to make, amend, suspend, waive and rescind rules and
regulations relating to the Plan (including, but not limited to, such rules and regulations that would allow designations for 

  

 -10- 

 
beneficiaries and/or joint tenants to be made by Participants in connection with Accounts under the Plan); 
  
 (i) to appoint such agents as the Committee may deem
necessary or advisable to administer the Plan; 
  
 (j) to correct any defect or supply any omission or reconcile any inconsistency, and to construe and interpret the Plan, the rules and regulations, and award agreements or any other instrument entered into or relating to a Contribution
under the Plan; and 
  
 (k) to take any other
action with respect to any matters relating to the Plan for which it is responsible and to make all other decisions and determinations as may be required under the terms of the Plan or as the Committee may deem necessary or advisable for the
administration of the Plan. 
  
 Any action of the Committee with
respect to the Plan shall be final, conclusive and binding on all persons, including the Company, its Affiliates, any Associate, any person claiming any rights under the Plan from or through any Participant, and stockholders, except to the extent
the Committee may subsequently modify, or take further action not consistent with, its prior action. If not specified in the Plan, the time at which the Committee must or may make any determination shall be determined by the Committee, and any such
determination may thereafter be modified by the Committee. The express grant of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting any power or authority of the Committee.

  

	VIII.	 AMENDMENT & TERMINATION 

  
 8.1. Right to Amend or Terminate. The Board, or a duly authorized committee thereof, reserves the right to amend, modify, suspend or discontinue
the Plan at any time in its sole discretion without the approval of the Company’s stockholders, except that (a) any amendment or modification shall be subject to the approval of the Company’s stockholders if such stockholder approval is
required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on which the shares of Stock may then be listed or quoted, and (b) the Board may otherwise, in its discretion, determine to submit
other such amendments or modifications to stockholders for approval. 
  
 8.2. Limitation on Right to Amend or Terminate. Any such amendment, modification, suspension or termination will not result in the forfeiture of (1) any funds contributed but not yet invested in the Participant’s Account, (2)
any shares (or fractional interests) of Stock purchased on behalf of the Participant under the Plan, or (3) any dividends or other distributions in respect of such shares of that are declared subsequent to a Participant’s Contribution but prior
to the effective date of the amendment, modification, suspension or termination of the Plan. 
  

	IX.	MISCELLANEOUS PROVISIONS 

  
 9.1. Successors. All obligations of the Company under the Plan with respect to Contributions made hereunder shall be binding on any successor to
the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise of all or substantially all of the business and/or assets of the Company. 
  
 9.2. Severability. If any part of the Plan is declared by any court or
governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any other part of the Plan. Any Section or part of a Section so declared to be unlawful or invalid shall, if possible, be construed in a manner
which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid. 
  
 9.3. Requirements of Law. The granting of awards, the making of Contributions, and the delivery of shares of Stock under the Plan shall be subject
to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 

  

 -11- 

 
Notwithstanding any provision of the Plan, Participants shall not be entitled to receive benefits under the Plan, and the Company (and any Affiliate) shall
not be obligated to deliver any shares of Stock or deliver benefits to a Participant, if such delivery would constitute a violation by the Participant or the Company or any of its Affiliates of any applicable law or regulation. 
  
 9.4. Securities Law Compliance. 
  
 (a) If the Committee deems it necessary to comply with any
applicable securities law, or the requirements of any stock exchange upon which shares of Stock may be listed, the Committee may impose any restriction on Contributions or shares of Stock acquired pursuant to Contributions under the Plan as it may
deem advisable. All certificates for shares of Stock delivered under the Plan pursuant to any Contribution shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations and
other requirements of the Securities and Exchange Commission, any stock exchange upon which shares of Stock are then listed, any applicable securities law, and the Committee may cause a legend or legends to be put on any such certificates to make
appropriate reference to such restrictions. If so requested by the Company, the Participant shall make a written representation to the Company that he or she will not sell or offer to sell any shares of Stock unless a registration statement shall be
in effect with respect to such shares of Stock under the Securities Act of 1993, as amended, and any applicable state securities law or unless he or she shall have furnished to the Company, in form and substance satisfactory to the Company, that
such registration is not required. 
  
 (b) If the
Committee determines that the nonforfeitability of, or delivery of benefits pursuant to, any Contribution would violate any applicable provision of securities laws or the listing requirements of any national securities exchange or national market
system on which are listed any of the Company’s equity securities, then the Committee may postpone any such nonforfeitability or delivery, as applicable, but the Company shall use all reasonable efforts to cause such nonforfeitability or
delivery to comply with all such provisions at the earliest practicable date. 
  
 9.5. No Rights as a Stockholder. No Participant shall have any rights as a stockholder of the Company with respect to the shares of Stock which may be deliverable to the Participant’s Account in connection
with a Contribution (other than a Voluntary Contribution of previously-owned shares of Stock) under the Plan until such shares of Stock have been credited to his or her Account or have been delivered to him or her. 
  
 9.6. Nature of Payments. Matching Contributions and Award
Contributions shall be special incentive payments to the Participant and shall not be taken into account in computing the amount of salary or compensation of the Participant for purposes of determining any pension, retirement, death or other benefit
under (a) any pension, retirement, profit-sharing, bonus, insurance or other employee benefit plan of the Company or any Affiliate, except as such plan shall otherwise expressly provide, or (b) any agreement between (i) the Company or any Affiliate
and (ii) the Participant, except as such agreement shall otherwise expressly provide. 
  
 9.7. Non-Exclusivity of the Plan. Neither the adoption of the Plan by the Board nor its submission to the stockholders of the Company for approval shall be construed as creating any limitations on the power of
the Board to adopt such other compensatory arrangements for Associates as it may deem desirable. 
  
 9.8. Military Service. The Plan shall be administered in accordance with Section 414(u) of the Internal Revenue Code and the Uniformed Services
Employment and Reemployment Rights Act of 1994. 
  
 9.9.
Construction. The following rules of construction will apply to the Plan: (a) the word “or” is disjunctive but not necessarily exclusive, and (b) words in the singular include the plural, words in the plural include the singular,
and words in the neuter gender include the masculine and feminine genders and words in the masculine or feminine gender include the other neuter genders. 
  

 -12- 

 9.10. Headings. The headings of articles and sections are included solely for convenience of
reference, and if there is any conflict between such headings and the text of this Plan, the text shall control. 
  
 9.11. Stockholder Approval. All Contributions made on or after the effective date of the amended and restated Plan and prior to the date the
Company’s stockholders approve the amended and restated Plan are expressly conditioned upon and subject to approval of the amended and restated Plan by the Company’s stockholders. 
  
 9.12. Taxes. All Matching Contributions and Award Contributions are
subject to withholding for applicable federal, state and local income taxes and will be reported as wage income by the Company. When a Participant authorizes a Payroll Deduction of a specific amount, more than that amount will actually be withheld
from his or her compensation to cover the withholding taxes due on the Matching Contribution. The distribution of shares of Stock to Participants will not be a taxable event. 
  
 9.13. Company-Associate Relationships. Nothing contained in this Plan shall in any way affect the rights of the
Company in its relationship with any Associate or affect the Company’s right to discharge any Associate or increase or reduce any Associate’s compensation. 
  
 9.14. Governing Law. This Plan shall be governed by the laws of the State of Arkansas, except to the extent it is
governed by the federal securities laws or the choice of laws provision contained in the Company’s agreement with the Account Administrator. 
  

 -13-

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