Document:

2006 Employment Agreement between Smart & Final Inc. and Etienne Snollaerts

 Exhibit 10.62 
 2006 EMPLOYMENT AGREEMENT 
 This 2006 EMPLOYMENT AGREEMENT (this “Agreement”) is made,
entered into, and effective as of May 17, 2006 (hereinafter referred to as the “Effective Date”), by and between SMART & FINAL INC., a Delaware corporation (hereinafter referred to as the “Company”), and ETIENNE SNOLLAERTS,
an individual (hereinafter referred to as “Executive”). 
 RECITALS 
 WHEREAS, Executive and the Company are parties to that certain Amended and Restated Employment Agreement (the “Original Agreement”) made,
entered into and effective as of May 17, 2004, which provides, among other matters, for Executive to serve as the President and Chief Executive Officer of the Company pursuant to the terms thereof; and 
 WHEREAS, the Company desires to continue to retain the services of Executive in the manner described in this Agreement, and Executive desires to be
employed by the Company in such manner; and 
 WHEREAS, Executive and the Company desire to terminate and supersede the Original Agreement
and replace it with this Agreement. 
 NOW THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements of the
parties set forth in this Agreement, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 
 AGREEMENT 
 Section 1. Term of Employment

 1.1. The Company hereby agrees to employ Executive and Executive hereby agrees to serve the Company, in accordance with the terms and
conditions set forth herein, from the Effective Date of this Agreement until May 17, 2010 (unless extended pursuant to Section 1.2 below); subject, however, to earlier termination as expressly provided in
Section 6 below (such period, including, if elected, the extension pursuant to Section 1.2 hereof, the “Term” or the “Term of this Agreement”). 
 1.2. Not earlier than May 1, 2009 nor later than May 31, 2009, the Company may, in its sole discretion, give notice to Executive of the
Company’s election to extend this Agreement for a three (3) year period from May 17, 2010. Failure by the Company to give any such notice of election to extend this Agreement shall be deemed an election by the Company not to extend
the Term hereof and, in such case, this Agreement shall terminate as otherwise provided herein. 

 Section 2. Positions and Responsibilities 
 2.1. Throughout the Term of this Agreement, Executive shall serve as the President and Chief Executive Officer of the Company, and shall have and perform
the duties and responsibilities customarily performed by a president and chief executive officer of a company. In addition, the Company shall recommend Executive for election to the Board of Directors of the Company (the “Board”) each time
during the Term that Executive is eligible for nomination. 
 Section 3. Standard of Care and Performance; Location 
 3.1. During the Term of this Agreement, Executive agrees to devote substantially his full time, attention and energies to the Company’s business.

 3.2. Nothing in this Section 3 shall be construed as preventing Executive from participating in charitable activities, community or
industry affairs or from investing his personal assets in such form or manner as will not require his services in the daily operations of the affairs of the companies in which such investments are made. In addition, nothing in this Section 3
shall be construed as preventing Executive from serving on the board of directors of any not-for-profit company or, with the prior written approval of the Company, on the board of directors of any for-profit company so long as such activity does not
materially interfere with the performance of Executive’s duties hereunder or create a conflict of interest. 
 3.3. Executive shall
perform his duties and responsibilities under this Agreement in the City of Commerce, Los Angeles County, California, or such other location(s) within the greater metropolitan Los Angeles County area as may be required by the Company from time to
time. 
 Section 4. Compensation and Benefits 
 The Compensation Committee of the Board shall be solely responsible for setting Executive’s pay, as remuneration for all services to be rendered by Executive during the Term of this Agreement, and as
consideration for complying with the covenants herein. The compensation and benefits provided to Executive shall be as follows: 
 4.1.
Base Salary. During the Term of this Agreement, the Company shall pay to Executive an annual salary (a “Base Salary”) in the amount of Seven Hundred Seventy Thousand Dollars ($770,000) per annum. 
 (a) Executive’s Base Salary shall be paid to Executive in equal installments, throughout the year, consistent with the normal payroll
practices of the Company. 
 (b) Executive’s Base Salary shall be reviewed annually in accordance with the Company’s
executive merit pay policy, as amended from time to time, and at the sole discretion of the Compensation Committee the Base Salary may be increased, but in no event shall the Base Salary be decreased to an amount less than Seven Hundred Seventy
Thousand Dollars ($770,000) per annum. 
  

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 4.2. Annual Bonus. Executive shall be eligible to earn an annual bonus (“Annual Bonus”),
at a level that, in the sole discretion of the Compensation Committee of the Board, is commensurate with the bonuses offered to executives having the same or similar duties and responsibilities as those of Executive at companies of similar size,
scope, and business and financial condition as that of the Company, as more fully described below. 
 (a) If and to the extent
that the Board, or the Compensation Committee thereof, decides to award annual bonuses during the Term of this Agreement, Executive shall be eligible to earn an Annual Bonus at the sole discretion of the Board or the Compensation Committee, as
applicable. The target for any such Annual Bonus shall be not less than One Hundred Percent (100%) and the maximum amount not greater than Two Hundred Percent (200%) of Executive’s Base Salary for such period, and such target must be
reasonably attainable and mutually agreed upon by both parties. Executive’s Annual Bonus for any partial years of service hereunder shall be prorated. 
 (b) Nothing in this Section shall be construed as obligating the Company to pay Executive an Annual Bonus or to refrain from changing and/or amending the annual bonus/incentive plan so long as such changes are
similarly applicable to all executives of the Company generally. 
 4.3. Long-Term Incentives. During the period of time that
Executive serves as the Company’s President and Chief Executive Officer, Executive shall be eligible to receive awards of stock options, stock appreciation rights, restricted stock, performance units or performance shares or other equity-based
incentive compensation and benefits (the “Long-Term Incentives”) pursuant to the Amended and Restated Long-Term Equity Compensation Plan, in accordance with the guidelines set forth in the Company’s executive compensation policies as
determined by the Compensation Committee of the Board. All such Long-Term Incentives shall be awarded to Executive no less frequently than such awards are made to other senior executives of the Company and shall exceed the value of awards made to
any other single senior executive for any given award, excluding awards made to any president and/or chief executive officer of the Company succeeding the Executive. 
 4.4. Retirement Benefits. 
 (a) Executive shall be eligible to participate in the
Company’s qualified defined benefit and defined contribution retirement plans, including, but not limited to, the 401(k) savings plan (including matching contributions from the Company), and the pension plan. Executive shall also be eligible to
participate in the Smart & Final Supplemental Deferred Compensation Plan (including deferral of up to One Hundred Percent (100%) of Base Salary and any Annual Bonus) and the Directors Deferred Compensation Plan, subject to the
eligibility and participation requirements of any such plans. 
 (b) Executive shall be eligible to participate in the
Company’s Supplemental Executive Retirement Plan (“SERP”), subject to the eligibility and participation requirements of such plan; provided, however, that: 
  

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 (i) Executive’s benefits under such plan shall vest at the rate of four percent
(4%) per year; 
 (ii) the five (5) year delay period referred to in Section 3.1(e) of the Supplemental
Executive Retirement Plan, Master Plan Document, as amended and restated through May 16, 2000, shall not apply to Executive, and Executive shall be eligible to elect Early Retirement under Section 1.11 of the SERP as if he has ten
(10) Years of Service at age 55; and 
 (iii) notwithstanding anything to the contrary herein, any benefits to which
Executive may otherwise be entitled under such plan shall be forever forfeited by Executive if Executive accepts any position with Casino Guichard-Perrachon, S.A., or any of its foreign or domestic subsidiaries (“Casino”), within six
(6) months following the termination of his employment with the Company. 
 4.5. Employee Benefits. During the Term and as
otherwise provided by the provisions of each of the respective plans, the Company shall provide to Executive all of the benefits that other executives and employees of the Company are entitled to receive, as commensurate with Executive’s
position. The benefits, and the terms of conditions thereof, to which Executive shall be entitled, are set forth in the Company’s Employee Benefits package, as the same may, from time to time, be amended or modified. 
 4.6. Benefit Reimbursements. The Company shall reimburse Executive up to Twelve Thousand Dollars ($12,000) per calendar year for medical, dental
and vision insurance expenses, and shall provide Executive with executive life insurance and long-term disability insurance that other executives and employees of the Company are entitled to receive, as commensurate with Executive’s position.

 4.7. Vacation. Executive shall be entitled to five (5) weeks of paid vacation per calendar year, prorated for any partial
years of services, in accordance with the standard written policy of the Company with regard to vacations of employees. Unused vacation shall accrue from year to year, but shall be capped at ten (10) weeks. 
 4.8. Automobile Allowance. During the Term, Executive shall receive: (a) an automobile allowance of One Thousand Dollars ($1,000) per month;
(b) Two Thousand Five Hundred Dollars ($2,500) per calendar year (in accordance with the Company’s written policies) to be used for maintenance expenses for such automobile or as a supplement to Executive’s monthly automobile
allowance set forth in (a) above; (c) a credit card to be used for the purchase of gasoline for such automobile; and (d) automobile insurance for such automobile paid for by the Company. 
 4.9. Financial Planning/Tax Expenses. During the Term, the Company shall reimburse Executive for financial planning and tax expenses paid to a
financial services provider of Executive’s choosing, in an amount not to exceed Fifteen Thousand Dollars ($15,000) per calendar year. 
  

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 4.10. Expatriate Compensation. Executive shall receive expatriation compensation in accordance
with that certain Expatriate Compensation Agreement between Executive and the Company, effective as of August 4, 2003. 
 4.11.
Perquisites. The Company shall provide to Executive, at the Company’s cost, all perquisites to which other executives of the Company are entitled to receive and such other perquisites that are suitable to the character of
Executive’s position with the Company and adequate for the performance of his duties hereunder. 
 4.12. Right To Change Plans.
By reason of the provisions herein, the Company shall not be obligated to institute, maintain, change, amend or discontinue, or to refrain from changing, amending or discontinuing, any benefit plan, program or perquisite referenced in
Section 4.5 above, so long as such changes are similarly applicable to executive employees generally. 
 4.13. Benefits
Conflicts. Executive’s benefits and perquisites shall be as set forth in this Agreement, subject, however, to the Company’s right to change the plans set forth in Section 4.12 above. 
 Section 5. Expenses 
 5.1.
Reimbursements. The Company shall, according to its written policies, pay or reimburse Executive for all ordinary and necessary expenses, in a reasonable amount, which Executive incurs in performing his duties under this Agreement including,
but not limited to, travel, entertainment, professional dues and subscriptions, and all dues, fees, and expenses associated with membership in various professional, business, and civic associations and societies of which Executive’s
participation is in the best interest of the Company. 
 5.2. Relocation Expenses. The Company shall reimburse Executive for all
reasonable relocation expenses, which Executive incurs in relocating to France (or to another location provided that the relocation expense does not exceed the expense to relocate to France) including, but not limited to, moving and travel expenses,
upon submission of documentation acceptable to the Company, provided, however, that such benefit will be available: 
 (a) only (i) for a termination without Cause by the Company or a resignation for Good Reason by Executive, occurring during the Term of this Agreement, (ii) if there shall have been no termination or
resignation during the Term, then upon expiration of the Term, or (iii) if following a Change in Control (as defined in the Severance Plan in Section 12.7 below) Executive agrees to relocate pursuant to the Company’s relocation plans;
and 
 (b) only if Executive does not accept any position with Casino within six (6) months following the termination of
his employment with the Company. 
 The reimbursement of relocation expenses as set forth in this Section 5.2 shall include such
additional payment as is necessary (after taking into account all federal, state and local income and payroll taxes payable by Executive as a result of the receipt of such reimbursement) to place Executive in the same after-tax position (including
federal, state and 

  

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local income and payroll taxes) as Executive would have been in had no such tax been paid or incurred by Executive as a result of such reimbursement.

 5.3. Legal Expenses. The Company will pay any legal fees incurred by Executive associated with the negotiation and preparation of
this Agreement up to Twenty Five Thousand Dollars ($25,000). 
 Section 6. Employment Terminations 
 6.1. Termination Due To Retirement. In the event Executive’s employment is terminated by reason of Executive’s Retirement (as defined
under the then established rules of the Company’s tax-qualified retirement plan) then, upon the effective date of such termination, the Company’s obligation to pay and provide to Executive Base Salary, Annual Bonus and Long-Term Incentives
(as provided in Section 4 hereof), shall immediately expire. Upon such termination, Executive shall be entitled, and his sole remedy under this Agreement shall be, to receive the severance benefits payable to a Tier I Executive upon termination
of employment due to Retirement pursuant to Section 4.5 of the Severance Plan. 
 6.2. Termination Due To Death. In the event
Executive’s employment is terminated by reason of the death of Executive then, upon the date of such termination, the Company’s obligation to pay and provide to Executive Base Salary, Annual Bonus and Long-Term Incentives (as provided in
Section 4 hereof) shall immediately expire. Upon such termination, Executive shall be entitled, and his sole remedy under this Agreement shall be, to receive the severance benefits payable to a Tier I Executive upon termination of employment
due to death pursuant to Section 4.5 of the Severance Plan. 
 6.3. Termination Due To Disability. In the event that Executive
becomes Disabled during the Term of this Agreement and is, therefore, unable to perform his duties hereunder for a period of more than ninety (90) calendar days in the aggregate, during any period of twelve (12) consecutive months, or in
the event of the Board’s reasonable expectation that Executive’s Disability will exist for more than a period of ninety (90) calendar days, the Company shall have the right to terminate Executive’s active employment as provided
in this Agreement. However, the Board shall deliver written notice to Executive of the Company’s intent to terminate for Disability at least thirty (30) calendar days prior to the effective date of such termination. 
 A termination for Disability shall become effective upon the end of such thirty (30) day notice period. Upon such effective date, the Company’s
obligation to pay and provide to Executive Base Salary, Annual Bonus and Long-Term Incentives (as provided in Section 4 hereof), shall immediately expire. Upon such termination, Executive shall be entitled, and his sole remedy under this
Agreement shall be, to receive the severance benefits payable to a Tier I Executive upon termination of employment due to Disability pursuant to Section 4.4 of the Severance Plan. 
 The term “Disability” shall, for all purposes of this Agreement, have the meaning ascribed to such term in the Severance Plan. 
  

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 It is expressly understood that the Disability of Executive for a period of ninety (90) calendar
days or less in the aggregate during any period of twelve (12) consecutive months, in the absence of any reasonable expectation that his Disability will exist for more than such a period of time, shall not constitute a failure by him to perform
his duties hereunder and shall not be deemed a breach or default, and Executive shall receive full compensation for any such period of Disability or for any other temporary illness or incapacity during the Term of this Agreement. 
 6.4. Voluntary Termination By Executive Without Good Reason. Executive may terminate this Agreement at any time by giving the Board written notice
of intent to terminate, delivered at least ninety (90) calendar days prior to the effective date of such termination (such period not to include vacation). The termination automatically shall become effective upon the expiration of the notice
period. 
 Upon such termination, Executive shall be entitled, and his sole remedy under this Agreement shall be, to receive the severance
benefits payable to a Tier I Executive upon termination of employment by such executive, other than for Retirement, pursuant to Section 4.6 of the Severance Plan. 
 6.5. Termination By The Company Without Cause. At any time during the Term, the Board may terminate Executive’s employment, as provided under this Agreement, at any time, for reasons other than death,
Disability, Retirement or for Cause, by notifying Executive in writing of the Company’s intent to terminate, at least thirty (30) calendar days prior to the effective date of such termination. 
 Upon such termination without Cause, or at the end of the Term should the Company elect not to renew Executive’s employment, Executive shall be
entitled, and his sole remedy under this Agreement shall be, to receive the severance benefits payable to a Tier I Executive upon termination of employment by the Company other than for Cause, death or Disability pursuant to Section 4.2 of the
Severance Plan (as well as (a) any accrued but unpaid bonus for the year preceding the year in which such termination occurs, (b) additional service and compensation credit under the SERP for the duration of the General Severance Period
(as defined in the Severance Plan), and (c) continued participation in all Company fringe and employee benefit plans, programs and arrangements (without duplication of benefits otherwise provided under this Agreement or the Severance Plan) on
the same after-tax basis as during Executive’s active employment, except that the following benefits shall be excluded to the extent that the law or the plan or benefit program does not permit such benefit to be made available to Executive, the
Company’s (i) life and accidental insurance plans and programs, (ii) employee assistance programs, (iii) long-term disability plans and programs, (iv) paid time off benefits and programs, and (v) (active participation
in) equity plans and programs, 401(k) and other pension plans and programs); provided, however, that notwithstanding the provisions of the Severance Plan, Executive’s General Severance Period shall be twenty-four
(24) months. 
 Notwithstanding anything to the contrary herein, if (i) at the end of the Term the Company elects not to renew
Executive’s employment and (ii) Executive accepts any position with Casino within six (6) months following the expiration of Executive’s employment term, then in such circumstances Executive shall not be eligible to receive any
severance benefits payable to a Tier I Executive as set forth above in this Section 6.5. 
  

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 6.6. Termination By The Company For Cause. At any time during the Term of this Agreement, the
Board, acting in good faith and pursuant to a determination approved by at least a majority of the Board, may terminate Executive’s employment hereunder for “Cause”, provided that the Board determines that the conduct of Executive has
a significant impact on the business of the Company. Prior to any such termination, (a) the Board shall provide Executive ten (10) days’ written notice setting forth in reasonable detail the facts and circumstances providing the basis
for such contemplated termination, and (b) Executive shall have an opportunity to appear before the Board to respond thereto. 
 “Cause” shall be defined as conduct of Executive that (a) is finally adjudged to be knowingly fraudulent, deliberately dishonest or willful misconduct and (b) has a significant impact on the business of the Company.

 Upon such termination by the Company for Cause, Executive shall be entitled, and his sole remedy under this Agreement shall be, to receive
the severance benefits payable to a Tier I Executive upon termination of employment by the Company for Cause pursuant to Section 4.6 of the Severance Plan. 
 6.7. Termination By Executive For Good Reason. At any time during the Term of this Agreement, Executive may terminate this Agreement for “Good Reason” (as defined in the Severance Plan and modified to
include the following additional events: (a) Executive’s failure to be re-elected to the Board during the Term; (b) any diminution in Executive’s title or reporting lines or material reduction in Executive’s authority or
responsibilities; (c) failure of any successor to assume this Agreement in writing; and (d) a material breach of this Agreement by the Company that remains uncured after expiration of the first ten (10) days of Executive’s
required thirty (30)-day notice period have elapsed) by giving the Board thirty (30) calendar days written notice of intent to terminate, which notice sets forth in reasonable detail the facts and circumstances claimed to provide a basis for
such termination. 
 Upon the expiration of the thirty (30)-day notice period, such termination shall become effective, unless, to the extent
applicable, the Company shall have previously cured within the time frame set forth above in this Section 6.7. 
 Upon a termination of
Executive’s employment for Good Reason at any time other than during the six-month period preceding or the twenty-four (24) month period following the effective date of a Change in Control (as defined in Section 7.1 below), Executive
shall be entitled, and his sole remedy under this Agreement shall be, to receive the same severance payments and benefits as he is entitled to receive following an involuntary termination of his employment by the Company without Cause, as specified
in Section 6.5 herein. Upon a termination for Good Reason during the six months preceding or the twenty-four (24) months following the effective date of a Change in Control, Executive shall be entitled, and his sole remedy under this
Agreement shall be, to receive the payments and benefits set forth in Section 7.1 below in lieu of those set forth in this Section 6.7. 
 Executive’s right to terminate employment for Good Reason shall not be affected by Executive’s incapacity due to physical or mental illness. Executive’s continued employment 

  

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shall not constitute consent to, or a waiver of rights with respect to, any circumstance constituting Good Reason herein. 
 6.8. Accelerated Vesting. If: (a) this Agreement is terminated pursuant to Section 6.5 or Section 6.7 hereof; (b) this
Agreement is not renewed by the Company after expiration of the Term; or (c) there is a Change in Control then, in such circumstances (i) all Long-Term Incentives received by Executive during the Term of this Agreement shall immediately
become vested and (ii) all restrictions applicable to any shares of restricted stock or performance-based units or shares of the Company received by Executive during the Term of this Agreement shall immediately lapse (to the fullest extent
possible). 
 Section 7. Change In Control 
 7.1. Employment Terminations In Connection With A Change In Control. In the event of a termination of Executive’s employment by the Company without Cause or by Executive for Good Reason within the six months preceding or the
twenty-four (24) months following the effective date of a Change in Control (as defined in the Severance Plan) then, in lieu of all other benefits provided to Executive under the provisions of this Agreement, Executive shall be entitled, and
his sole remedy under this Agreement shall be, to receive the severance benefits payable to a Tier I Executive (as modified in Section 6.5 hereof) upon a Change in Control pursuant to Sections 5.1, 5.3 and 5.4 of the Severance Plan. 

7.2. Excise Tax Equalization Payment. In the event that Executive becomes entitled to payments and/or benefits hereunder which would constitute
“parachute payments” within the meaning of Section 280G(b) of the Internal Revenue Code of 1986, as amended, the provisions of Article 6 of the Severance Plan and of Exhibit “B” to the Severance Plan shall apply to
Executive in their entirety. 
 7.3. Acceptance of Position With Casino. Notwithstanding anything to the contrary herein, Executive
shall not be eligible to receive any severance benefits, whether payable to a Tier I Executive upon a Change in Control or otherwise, if Executive accepts any position with Casino, within six (6) months following any such change of control
event. 
 Section 8. Certain Covenants 
 8.1. Competition. Without the prior written consent of the Company, during the Term of this Agreement and during the General Severance Period (as set forth in Section 6.5 hereof), Executive shall not engage directly or
indirectly (whether as an employee, investor, officer, director, partner, member, manager, shareholder, lender, consultant or otherwise), in any business or enterprise that is “in competition” (as defined in Section 10.1 of the
Severance Plan) with the Company or its successors or assigns. Notwithstanding the foregoing, nothing contained in this Section 8.1 shall prevent Executive from owning securities in companies listed on a national securities exchange or traded
on a national over-the-counter market, in an amount not to exceed 5% of the outstanding securities of any such company(ies). 
 8.2.
Confidential Information. For purposes of this Agreement, “Confidential Information” means all information that is not generally known or available to the public and that 

  

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gives the Company a competitive advantage over others who do not know or use it, which Executive obtains from the Company, or learns, discovers, develops,
conceives, or creates while employed or otherwise retained by the Company, and which relates to the business or assets of the Company (whether obtained, learned, discovered, developed, conceived or created preceding, on or after the Effective Date
and prior to the termination of Executive’s employment with the Company). The term “Confidential Information” includes, but is not limited to, inventions, ideas, computer programs, protocols, designs, processes, techniques, research
and development information; identities of clients and customers; financial data and information; business plans, strategies and processes; pricing and contract terms; client and customer preferences and requirements; and any other information of
the Company that the Company shares with Executive or that Executive should know, by virtue of Executive’s position or the circumstances under which Executive learned it, should be kept confidential. Confidential Information also includes
information obtained by the Company in confidence from its clients, customers, vendors and other third parties. 
 (a) No
Disclosure. Executive acknowledges that the Company has a compelling business interest in preventing unfair competition stemming from the use or disclosure of its Confidential Information. Executive therefore agrees that Executive will not
disclose to others in any manner (except as may be necessary in the performance of his duties for the Company), use for Executive’s own benefit or for the benefit of anyone other than the Company, any Confidential Information, and Executive
shall take all reasonable measures, in accordance with policies established by the Company and instructions from the Board, to protect Confidential Information from any accidental, unauthorized, or inappropriate use or disclosure. Executive’s
obligations under this Section 8.2 shall continue for so long as Executive is employed or otherwise retained or compensated by the Company, and shall continue thereafter for twenty-four (24) months, and with respect to Confidential
Information constituting a trade secret within the meaning of the Uniform Trade Secrets Act, for such longer period as such Confidential Information remains a trade secret. 
 (b) Company’s Ownership of Information. Executive further agrees that all files, records, documents, data, specification,
equipment, software, hardware and similar items, whether maintained in hard copy or on-line relating, to the Company’s business, whether prepared by Executive or others, and whether Confidential Information or not, are and shall remain
exclusively the property of the Company. 
 8.3. Covenants Regarding Other Employees. Executive recognizes that the Company’s
employees are unique and valuable resources of the Company who have knowledge of and access to Confidential Information and trade secrets of the Company, and who have been trained by the Company, and that the Executive’s employment requires
Executive to have access to and interaction with the Company’s other employees. Executive agrees that for so long as Executive remains employed by the Company under this Agreement and for a period of twenty four (24) months thereafter,
Executive shall not, directly or indirectly, recruit or solicit any employee, or group of employees, of the Company to terminate employment with the Company, or to become employed by or contract with Executive or any other person or entity.

  

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 8.4. Intent; Separate Covenants. Executive agrees that the covenants contained in this
Section 8 are reasonable in light of the nature of the Company’s business and Executive’s role in the business of the Company. The covenants contained in this Agreement shall be construed as a series of separate and severable
covenants. If any covenant contained in this Agreement is determined, by any court of competent jurisdiction, to be unenforceable or unreasonable, Executive agrees that such covenants may and shall be modified by such court, but only to the extent
necessary to eliminate those restrictions determined to be unenforceable or unreasonable. Nothing contained in this Section 8 or elsewhere in this Agreement is intended to or shall modify or reduce in any way Executive’s obligations to
comply, while employed or thereafter, with applicable laws relating to trade secrets, or unfair competition. 
 8.5. Remedies.
Executive acknowledges and agrees that Executive’s breach of any provision of this Section 8 of this Agreement is likely to cause irrevocable harm to the Company, for which there may be an inadequate remedy at law and which the
ascertainment of damages would be difficult. Accordingly, in the event of a breach by Executive of any term of Section 8 of this Agreement, the Company shall be entitled, in addition to and without having to prove the inadequacy of other
remedies at law (including, without limitation, damages for prior breaches hereof), to specific performance of this Agreement, as well as injunctive relief (without being required to post bond or other security). 
 Section 9. Indemnification; Insurance 
 9.1.
The Company hereby covenants and agrees to indemnify and hold harmless Executive, to the fullest extent permitted by Delaware law, against and in respect to any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses
(including attorneys’ fees) losses, and damages resulting from Executive’s good faith performance of his duties and obligations under the terms of this Agreement. 
 9.2. The Company hereby covenants and agrees to have and maintain, during the Term of this Agreement, Director and Officers (D&O) insurance covering
Executive in an amount and with such limits as necessary to cover any liability with regard to Executive’s actions and inactions in relation to his duties as a director or officer of the Company. 
 Section 10. Assignment 
 10.1. Assignment By
Company. This Agreement may and shall be assigned or transferred to, and shall be binding upon and shall inure to the benefit of, any successor of the Company, and any such successor shall be deemed substituted for all purposes of the
“Company” under the terms of this Agreement. As used in this Agreement, the term “successor” shall mean any person, firm, corporation or business entity which at any time, whether by merger, purchase, or otherwise, acquires all
or essentially all of the assets of the Company. Notwithstanding such assignment, the Company shall remain, with such successor, jointly and severally liable for all its obligations hereunder. 
 10.2. Assignment By Executive. This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal
representatives, executors and administrators, successors, heirs, distributees, devisees and legatees. If Executive should die 

  

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while any amounts payable to Executive hereunder remain outstanding, all such amounts, unless otherwise provided herein, shall be paid in accordance with the
terms of this Agreement to Executive’s devisee, legatee or other designee or, in the absence of such designee, to Executive’s estate. 
 Section
11. Dispute Resolution and Notice 
 11.1. Dispute Resolution. Except as otherwise expressly provided in Section 8.5 of
this Agreement, any dispute arising under or in connection with this Agreement shall be settled exclusively by arbitration. 
 Such
proceeding shall be conducted before a panel of three (3) arbitrators sitting in a location selected by Executive within fifty (50) miles from the location of his principal place of employment, in accordance with the rules of the American
Arbitration Association then in effect. Judgment may be entered on the award of the arbitrator in any court having jurisdiction. 
 Each
party shall be responsible for its expenses incurred in any such arbitration, including the reasonable fees and expenses of the legal representation, and necessary costs and disbursements incurred as a result of such dispute; provided,
however, that in the event that Executive prevails in at least one material respect with respect to such dispute, then the Company shall pay the costs of Executive relating to such dispute, but only to the extent such costs do not
exceed 1% of the Company’s total assets. 
 11.2. Notice. Any notices, requests, demands or other communications provided for by
this Agreement shall be sufficient if in writing and if sent by registered or certified mail to Executive at the last address he has filed in writing with the Company or, in the case of the Company, to the Corporate Secretary at the Company’s
principal executive offices. 
 Section 12. Miscellaneous 
 12.1. Entire Agreement. This Agreement supersedes all negotiations or understandings, oral or written, between Executive and the Company, with respect to the subject matter hereof, including the Original
Agreement, and constitutes the entire Agreement of the parties with respect thereto. To the extent that this Agreement is inconsistent with the Severance Plan, the terms of this Agreement shall prevail. 
 12.2. Modification. This Agreement shall not be varied, altered, modified, canceled, changed or in any way amended except by mutual agreement of
the parties in a written instrument executed by the parties hereto or their legal representatives. 
 12.3. Severability. In the event
that any provision or portion of this Agreement shall be determined to be invalid or unenforceable for any reason, the remaining provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect. 
 12.4. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which
together will constitute one and the same Agreement. 
  

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 12.5. Tax Withholding. The Company may withhold from any benefits payable under this Agreement all
federal, state, city, or other taxes as may be required pursuant to any law or governmental regulation or ruling. 
 12.6.
Beneficiaries. Executive may designate one or more persons or entities as the primary and/or contingent beneficiaries of any amounts to be received under this Agreement. Such designation must be in the form of a signed writing acceptable to
the Board or the Board’s designee. Executive may make or change such designation at any time. 
 12.7. Definition of Severance Plan;
Successor Plan. For purposes of this Agreement, the term “Severance Plan” shall refer to and mean: (i) the Company’s 2004 Executive Severance Plan; or (ii) any successor executive severance plan adopted by the Company
during the Term, to the extent that Executive expressly opts into such successor executive severance plan in its entirety. The parties understand, acknowledge and agree that, should the Company adopt a successor plan to the 2004 Executive Severance
Plan, Executive shall have the right, but not the obligation, to opt into such plan in whole, but not in part, and that references in this Agreement to sections of the 2004 Executive Severance Plan shall refer to the most closely corresponding
provisions of the successor plan as determined in the sole discretion of the Company. 
 12.8. Termination of Original Agreement.
Effective as of the Effective Date, the Original Agreement shall terminate and shall be superseded in its entirety by this Agreement. 
 12.9. Governing Law. To the extent not preempted by federal law, the provisions of this Agreement shall be construed and enforced in accordance with the laws of the State of California. 
 12.10. No Mitigation; No Offset. In the event of any termination of employment hereunder, Executive shall be under no obligation to seek other
employment and there shall be no offset against any amounts due Executive under this Agreement on account of any remuneration attributable to any subsequent employment that Executive may obtain, except as otherwise set forth in this Agreement
relating to Executive’s subsequent employment with Casino. The amounts payable hereunder shall not be subject to setoff, counterclaim, recoupment, defense or other right that the Company may have against Executive or others. 
  

 13 

 IN WITNESS WHEREOF, Executive and the Company (pursuant to a resolution adopted at a duly constituted
meeting of its Board of Directors) have executed this Agreement, as of the day and year first above written. 
  

			
	“Executive”
		
	By:	 	/s/ Etienne Snollaerts
		 	ETIENNE SNOLLAERTS

  

			
	“Company”
	
	SMART & FINAL INC., a Delaware corporation
		
	By:	 	/s/ Timm F. Crull
		 	TIMM F. CRULL
		
	Its:	 	Director

  

 14Form of Special Equity Award Agreement

 Form of Special Equity Grant Award Agreement 
 for Individuals with Employment Agreements 
 Exhibit 10.1 
 EMBARQ CORPORATION 2006 EQUITY INCENTIVE PLAN 
 SPECIAL EQUITY GRANT AWARD AGREEMENT 
 To:
                                       
  (“You” or the “Participant”) 
 From: Embarq Corporation (the
“Company”) 
 Date: July     , 2006 (the “Receipt Date”)

 Notice of Conditional Grant 
 Subject to the Embarq Corporation 2006 Equity Incentive Plan (the “Plan”) and this Special Equity Grant Award Agreement, including Attachment A (the “Award Agreement”), and conditional upon the
Company’s receipt of your signature to and acceptance of this Award Agreement, the Company is granting to you a special equity award of Restricted Stock Units (“RSUs”) under the Plan (this “Award”). The Grant Date,
number of RSUs and settlement dates of this Award are as follows: 
 SPECIAL EQUITY GRANT
OF RESTRICTED STOCK UNITS 
  

									
	 Grant Date:
	 	  	  	
			
	 Total Number of RSUs:
	 	  	  	

					
			
	 Settlement Dates:
	 	 Date:
 May 21, 2007
 May 21, 2008
 May 21, 2009
	  	 % of RSUs Settled:
             33 1/3%
             33 1/3%
             33 1/3%

 This Award will be forfeited if this Award Agreement is not accepted and signed within 45 days of the Receipt Date
or if notification of revocation is provided, both as indicated in paragraph (d) below. 
 Because this Award is subject to the Plan and
this Award Agreement, you should carefully read the Plan and this Award Agreement, including Attachment A, to fully understand the terms of this Award. You may obtain a copy of the Plan by requesting it from the Company or you may view it on the
Company’s intranet at                             . Capitalized terms used in this Award
Agreement without definition have the meanings that they have in the Plan. 
 Consent, Agreement and Release 
 In exchange for the Company’s grant to you of this Award, which is consideration in excess of that to which otherwise you would be entitled, you
agree and grant a release as follows: 
  

	(a)	You consent and agree to: 

  

	 	(i)	the termination of your employment with Sprint Nextel Corporation (“Sprint Nextel”) and any and all of its subsidiaries (Sprint Nextel and the subsidiaries
collectively are referred to as the “Sprint Nextel Group”) in connection with the Company’s separation from Sprint Nextel; 

	 	(ii)	the transfer to the Company and any and all of its subsidiaries, including Embarq Management Company (the Company and the subsidiaries collectively are referred to as
“Embarq”), of your employment in connection with the Company’s separation from Sprint Nextel; 

  

	 	(iii)	any change in positions, titles, duties, responsibilities and terms and conditions of your employment resulting from or associated with the termination and transfer described in
paragraphs (i) and (ii) above; 

  

	 	(iv)	the termination, transfer, or change of positions, titles, duties, responsibilities and terms and conditions of your employment described above in paragraphs (i), (ii) or
(iii) as not being events or conditions which could give rise to a resignation for “Good Reason” under your Employment Agreement or any other form of constructive discharge; 

  

	 	(v)	the conversion of any and all stock options granted or awarded to you with respect to Sprint Nextel common stock under one or more of the [INSERT TITLE OF EXECUTIVE CONTRACT] dated
                ,     , between you and Sprint Nextel (your “Employment Agreement”), the Sprint 1997 Long-Term Stock
Incentive Program, the Sprint Management Incentive Stock Option Plan and any other stock option or stock incentive compensation plan or arrangement in which employees, officers or directors of the Sprint Nextel Group may participate into stock
options granted or awarded to you with respect to the Company’s common stock under the Plan (the “Conversion”); and 

  

	 	(vi)	the Company’s grant, award and issuance to you of the stock options in connection with the Conversion (the “Issuance”). 

  

	(b)	You release and discharge the Sprint Nextel Group and Embarq and any and all of their respective parent companies, subsidiaries, predecessors, divisions, joint venturers,
affiliates, successors and assigns, and any and all of their respective past, present and future officers, directors, agents, employees, members, representatives and attorneys from any and all claims, damages, lawsuits, injuries, rights,
obligations, liabilities, actions and causes of action that you have or may have, (whether known or unknown by you, whether contingent or liquidated, whether by apportionment of fault or otherwise) of every kind, nature or description (including
those based on the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964 (as amended), the Americans with Disabilities Act, the Equal Pay Act, the Family and Medical Leave Act and all other city, state and federal laws
(both statutory and common) meant to protect employees in their employment relationships) as of the Receipt Date, to the extent that they are arising out of, or based upon or occur in connection with one or more of the events described above in
Section (a)(i) through (vi). 

  

	(c)	Solely in clarification of paragraph (b) above, any obligations of the Sprint Nextel Group, Embarq or any insurer to indemnify you, or to advance to you expenses before a
judicial or administrative determination that you are entitled to indemnification, such obligations being memorialized or otherwise provided for in the Articles of Incorporation or Bylaws of Sprint Nextel or Embarq, or in a separate written
agreement, are not covered by the release in paragraph (a) and will continue to remain obligations of such persons. 

  

	(d)	You acknowledge and agree that: 

  

	 	(i)	You received this Award Agreement on the Receipt Date; 

  

 2 

	 	(ii)	The Company has provided you the Disclosure (Attachment B); 

  

	 	(iii)	The Company advises you with this statement that you have 45 calendar days after the Receipt Date to sign and accept the Award Agreement (although you may sign and accept it sooner
if you wish); 

  

	 	(iv)	The Company advises you with this statement to consider consulting with your own legal counsel before signing and accepting this Award Agreement; and 

  

	 	(v)	You may revoke this Award Agreement within 7 calendar days after you sign and accept it by notifying the Company in writing by certified mail of your revocation within such 7 day
period, and this Award Agreement is effective and enforceable on the 8th calendar day following the date you sign
and accept it, provided you do not earlier revoke it as provided in this paragraph. 

  

	(e)	You agree and consent to the assignment by the appropriate member of the Sprint Nextel Group to Embarq Management Company and Embarq Corporation of all rights and interest and
delegation of all duties under your Employment Agreement effective as of May 17, 2006. 

 Miscellaneous 
 This Award Agreement is governed by the laws of the State of Delaware without giving effect to the principles of the conflict of laws to the contrary.
This Award Agreement may be modified only by written instrument signed by you and the Company; provided that this Award Agreement is subject to the power of the Board to amend the Plan as provided in the Plan. 
 Neither this Award Agreement, nor the Award, may be transferred, assigned or pledged by you in any way. Except as specifically provided in this Award
Agreement including the release of the Sprint Nextel Group, this Award Agreement binds and will inure to the benefit of the heirs, legal representatives, successors and assigns of the Company and you. If any part of this Award Agreement is declared
by any court or governmental authority to be unlawful or invalid, the unlawfulness or invalidity does not serve to invalidate any part of this Award Agreement not declared to be unlawful or invalid. Any part so declared unlawful or invalid will, if
possible, be construed in a manner which gives effect to the terms of that part to the fullest extent possible while remaining lawful and valid. 
 To properly accept this Award Agreement and agree to all of its terms and conditions, including the Consent, Agreement and Release contained herein, you must enter your Smith Barney trading PIN and click the “Accept” button on the
previous screen. Acceptances shall be made electronically within 45 days of the Receipt Date. 
  

			
	 EMBARQ CORPORATION

	  
 By:
	 	  
		 	 Name:
 Title:

  

 3 

 SPECIFIC TERMS OF SPECIAL EQUITY RESTRICTED STOCK UNIT AWARD (Attachment A) 
 Section 1. Dividend Equivalents. 
 If the
Company pays cash dividends on shares of its common stock while you hold the RSUs, you will be entitled to a dividend equivalent payment equal to the per share cash dividend paid on shares of the Company’s common stock multiplied by the number
of Shares underlying your RSUs. If cash dividends are paid on the underlying Shares, you will receive dividend equivalents for your RSUs held on the dividend record date as soon as practicable after the cash dividends are paid. If non-cash dividends
are paid on the underlying Shares and you hold RSUs on the dividend record date, the vesting and delivery date of the non-cash dividend will be the same as the Settlement Date of the RSUs to which the underlying Shares are attributable. 

Section 2. Settlement of RSU Award. 
 Except as provided below, the Settlement Date for all or a portion of your RSU Award will be the date on which that portion of your Award is settled as indicated in the Settlement Dates section on page 1 of this Agreement. This RSU Award
may be settled by delivering to you or your Beneficiary, as applicable and in the sole discretion of the Company, either (i) an amount of cash equal to the Fair Market Value of a Share as of the Settlement Date, multiplied by the number of
Shares underlying the RSUs held by you (or a specified portion of your RSUs in the event of any partial settlement), or (ii) a number of Shares equal to the whole number of Shares underlying the RSUs then held by you (or a specified portion of
your RSUs in the event of any partial settlement). Before your Termination Date, the Settlement Date of any unsettled RSUs will be (x) the date you attain age 65, if your RSUs have been outstanding for at least one year from the Grant Date; or
(y) the first anniversary of the Grant Date, if you are age 65 or older on that anniversary date. Any remaining fractional Shares underlying your RSUs remaining on the Settlement Date will be distributed to you in cash in an amount equal to the
Fair Market Value of a Share as of the Settlement Date, multiplied by the remaining underlying fractional shares. 
 Section 3. Effect of
Termination of Employment. 
 If you cease to be an employee of the Company for any reason, the effect of you ceasing to be an
employee on all or any RSUs which have not otherwise been settled is as provided below. 
  

	 	(a)	Death or Disability. If you cease to be an employee on account of your death or Disability, all RSUs shall be settled as of the date of your death or Disability.

  

	 	(b)	Resignation or Involuntary Termination. Except as provided below in Section 3(c), if you cease to be an employee on account of your voluntary resignation or your
employment being involuntarily terminated by the Company, whether or not constituting a Termination for Cause, all RSUs shall be cancelled as of your Termination Date and you shall no longer have any rights or be eligible to receive any benefits
with respect to such cancelled RSUs. 

  

	 	(c)	Change in Control. If (1) a Change in Control occurs before the Settlement Date for all of your RSUs, (2) except as may otherwise be provided in your employment
agreement (if any), your employment is terminated by the Company in a Termination without Cause within one year after the Change in Control, (3) you have held the RSUs for more than one year from the Grant Date, and (4) you have been
actively and continuously employed (i.e., not on serial severance) from the Grant Date to the date of the Change in Control, then all of your RSUs which have not otherwise been settled will be settled as of your Termination Date.

 Nothing in this Section 3 restricts or otherwise interferes with the Company’s discretion with respect to the
termination of your employment with the Company. 
  

 4

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