Document:

EX-10.11

 Exhibit 10.11 

Peter Amalfi 

EMPLOYMENT AGREEMENT 

AGREEMENT dated as of January 30, 2011, between Peter Amalfi, whose address is 7 Partridge Way, Holliston, Massachusetts
01746(“Executive”), and BJ’s Wholesale Club, Inc., a Delaware corporation, whose principal office is 25 Research Drive, Westborough, Massachusetts (“Employer” or “Company”). 

WITNESSETH 

WHEREAS, the Company desires to employ the Executive, and the Executive desires to be employed by the Company; 

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the sufficiency of which is acknowledged by
each party, and intending to be legally bound hereby, the Company and Executive agree as follows: 
 1. Employment and Duties.

 1.1 Employment. 

(a) Commencing on January 30, 2011 (the “Effective Date”), the Company agrees to employ the Executive and the
Executive agrees to be employed by the Company for a period of five (5) years, ending on January 30, 2016 (“Initial Term”). 

(b) Subsequent to the Initial Term, the Executive shall remain employed by the Company pursuant to the terms of this Agreement
subject to the termination provisions of Section 3 below. 
 1.2 Duties. As of the Effective Date, the Executive shall serve the
Company as its Executive Vice President, Chief Information Officer, to serve in such capacity or other capacities as designated by the Board of Directors, the Chief Executive Officer (“CEO”) or his/her designee from time to time. During
the term of this Agreement, the Executive shall serve the Company faithfully, diligently and to the best of his/her ability and shall devote substantially all of his/her business time, energy and skill to the affairs of the Company as necessary to
perform the duties of his/her position, and he/she shall not assume a position in any other business without the express written permission of the CEO; provided that the Executive may upon disclosure to the CEO (i) serve in any capacity
with charitable or not-for-profit enterprises so long as there is no material interference with the Executive’s duties to the Company and (ii) the Executive
does not make any passive investments where the Executive is not obligated or required to, and shall not in fact, devote any managerial efforts. The Company shall have the right to limit the Executive’s participation in any of the foregoing
endeavors if the CEO believes, in his/her sole and exclusive discretion, that the time being spent on such activities infringes upon, or is incompatible with, the Executive’s ability to perform the duties under this Agreement. 

 2. Compensation and Benefits. 

2.1 Base Salary. The Executive shall receive a Base Salary at the rate of $350,000.00 per year. Such Base Salary shall be subject to
periodic adjustment from time to time as determined by the Board of Directors in its sole discretion. Base Salary shall be payable in such manner and at such times as the Company shall pay base salary to other similarly situated the executive
employees. 
 2.2 Policies and Fringe Benefits. The Executive agrees to abide by the rules, regulations, instructions, personnel
practices and policies of the Company and any changes therein that may be adopted from time to time by the Company. The Executive shall be eligible to participate in all benefit programs that the Company establishes and makes available to all of its
executives on such terms as the Board of Directors shall determine, if any, to the extent that the Executive meets the eligibility requirements to participate as set forth in the applicable plan or policy. Nothing herein limits the Company’s
right to modify, change, limit eligibility or discontinue any plan or policy at any time, with or without prior notice. 
 2.3
Reimbursement of Expenses. The Company shall reimburse the Executive for all reasonable and appropriate travel, entertainment and other expenses incurred or paid by the Executive in connection with, or related to, the performance of his/her
responsibilities or services under this Agreement, in accordance with policies and procedures, and subject to limitations, adopted by the Company from time to time. 

2.4 Withholding. All salary and other compensation payable to the Executive pursuant to this Agreement shall be subject to applicable
taxes and withholdings. 
 3. Termination of Employment and Benefits Upon Termination. 

3.1 General. The Executive’s employment pursuant to this Agreement shall terminate upon the earliest to occur of (i) the
Executive’s death, (ii) a termination by reason of disability, (iii) a termination by the Company with or without Cause, (iv) a termination by the Executive, or (v) expiration of the Initial Term and any renewals or
extensions thereof, unless at the expiration of such Initial Term, renewals or extensions thereof the Company determines that the Executive’s employment will continue under separate terms and conditions. Whenever the Executive’s employment
shall terminate, and regardless of the reason for such termination, effective that same date he/she shall resign all offices, appointments and/or other positions the Executive may hold with the Company including, but not limited to, any parent
corporation, subsidiaries or divisions of the Company or any such parent. 
 3.2 Termination Due to Death. The Executive’s
employment shall automatically terminate upon the date of the Executive’s death. No compensation or other benefits shall be payable to or accrue to the Executive hereunder except as follows: 

(a) (i) all amounts earned but unpaid hereunder through the date of termination with respect to salary, automobile
allowance and vested but unused vacation; (ii) to the extent not already paid, any amounts to which the Executive is entitled under the Company’s annual incentive compensation plan for the fiscal year ended immediately prior to the date of
termination; (iii) his/her vested account balance under the BJ’s 

 
Wholesale Club, Inc. 401(k) Savings Plan for Salaried Employees; and (iv) any unreimbursed expenses incurred in accordance with Company policy (collectively, “Earned Obligations”);

 (b) any amounts the Executive would have been entitled to receive under the Company’s annual incentive compensation
plan had the Executive remained employed by the Company until the end of the fiscal year during which the termination of employment occurs (prorated for the period of active employment during such fiscal year). All such amounts, if any, will be paid
to the Executive’s estate at the same time as other incentive compensation plan payments for the year in which the termination occurs are paid; and 

(c) any payments or benefits under other plans of the Company to the extent such plans provide for benefits following the
Executive’s death. 
 3.3 Termination Due to Disability. The Executive’s employment may be terminated by reason of the
Executive’s disability, upon notice to the Executive, in the event of the inability of the Executive to perform his/her duties hereunder by reason of disability, whether by reason of injury (physical or mental), illness (physical or mental) or
otherwise. For purposes of this Agreement, a disability is defined as the occurrence when the Executive is incapacitated for a continuous period exceeding one hundred twenty (120) days, as certified by a physician selected by the Executive and
the Company in good faith. No compensation or other benefits shall be payable to or accrue to the Executive hereunder except as follows: 

(a) all Earned Obligations; 

(b) any amounts the Executive would have been entitled to receive under the Company’s annual incentive compensation plan
had the Executive remained employed by the Company until the end of the fiscal year during which the termination of employment occurs (prorated for the period of active employment during such fiscal year). All such amounts, if any, will be paid at
the same time as other incentive compensation plan payments for the year in which the termination occurs are paid; and 
 (c)
any payments or benefits under other plans of the Company to the extent such plans provide for benefits following a termination of employment due to disability. 

3.4 Termination by the Company for Cause or by the Executive. The Company may terminate the Executive’s employment at any time for
Cause by providing the Executive notice of such termination. For the purpose of this Agreement, termination by the Company for Cause shall refer to the Company’s termination of the Executive’s employment because it has determined, in its
sole and exclusive discretion, that he/she has: (i) refused or failed to devote his/her full normal working time, skills, knowledge, and abilities to the business of the Company and in promotion of its interests or he/she has failed to fulfill
directives of the CEO, the CEO’s designee or the Board of Directors; (ii) engaged in activities involving dishonesty, willful misconduct, willful violation of any law, rule, regulation or policy of the Company or breach of fiduciary duty;
(iii) committed larceny, embezzlement, conversion or any other act involving the misappropriation of the Company’s funds or property; (iv) been convicted of any crime which 

 
reasonably could affect in an adverse manner the reputation of the Company or the Executive’s ability to perform his/her duties hereunder; (v) been grossly negligent in the performance
of his/her duties; or (vi) materially breached this Agreement including, but not limited to, his/her obligations set forth in Sections 4 and 5 below. If the Executive’s employment terminates pursuant to this Section 3.4 by the Company
for Cause or by reason of the Executive’s resignation at any time, the Executive shall only receive the Earned Obligations, if any, through his/her termination date. Nothing herein waives any rights the Company may have for damages or equitable
relief. 
 3.5 Termination by the Company Without Cause. The Company may terminate the Executive’s employment without Cause at
any time effective upon the Executive’s receipt of notice of such termination. No compensation or other benefits shall be payable to or accrue to the Executive in the event of his/her termination without Cause except as follows: 

(a) all Earned Obligations; 

(b) Subject to the Executive entering into a binding and irrevocable release of claims and separation agreement prepared by the
Company and the expiration on or before the 60th day after the Executive’s separation from service of any period during which the Executive is entitled to revoke the release, the Executive
shall be eligible on such sixtieth (60th) day to receive: 
 (1) continuation of Base
Salary for a period of twenty-four (24) months (the “Severance Period”), payable in such manner and at such times as the Executive’s Base Salary was being paid immediately prior to such termination; 

(2) an amount equal to the difference between the Executive’s actual COBRA premium costs and the amount the Executive would have paid had
the Executive continued coverage as an employee under the Company’s applicable health plans without regard to the pre-tax benefits the Executive would have received under the BJ’s Wholesale Club,
Inc. Flexible Benefits Plan provided that the Executive elects to continue to participate in the Company’s medical and/or dental plans for team members pursuant to a valid COBRA election (and if and only if such participation is legally and
contractually permissible) and provided, however, that the Company’s obligations under this clause 3.5(b)(2) shall (A) not extend beyond the Severance Period, (B) be eliminated if the Executive discontinues COBRA benefits or
(C) be reduced or eliminated to the extent that the Executive receives similar coverage and benefits under the plans and programs of a subsequent employer or entity or becomes eligible for similar coverage under a spouse’s employer; 

(3) any amounts the Executive would have been entitled to receive under the Company’s annual incentive compensation plan had the
Executive remained employed by the Company until the end of the fiscal year during 

 
which the termination of employment occurs (prorated for the period of active employment during such fiscal year). All such amounts, if any, will be paid at the same time as other incentive
compensation plan payments for the year in which the termination occurs are paid; and 
 (c) payments or benefits under other
plans of the Company to the extent that the plans provide for benefits following a termination of employment. 
 Notwithstanding the
foregoing, the payments and benefits described in Section 3.5(b) above shall immediately terminate, and the Company shall have no further obligations to the Executive with respect thereto, in the event that the Executive (i) becomes
employed by Wal-Mart Stores, Inc., Costco Wholesale Corporation, Sam’s Clubs, or any of their respective subsidiaries or affiliates; or (ii) breaches any provision of Sections 4 or 5 of this
Agreement. 
 3.6 Special Rules Applicable to Deferred Compensation. 

(a) Delayed Payment for Specified Employees. Notwithstanding any other provision of this Agreement, if on the date of his separation
from service, Executive is a Specified Employee, neither Base Salary pursuant to Section 3.5(b)(1) nor any other amount constituting the deferral of compensation, within the meaning of Section 409A(d) of the Internal Revenue Code
(“Code”) and the regulations issued thereunder, that would otherwise be paid solely as a result of such separation shall be paid to Executive during the six-month period beginning on the date of such
separation, provided that (i) such delay shall not be required to the extent that the sum of such payments during the six-month period does not exceed two times the lesser of (A) Executive’s
Base Salary for the calendar year preceding the separation from service (adjusted for permanent increases taking effect during such year) or (B) the maximum amount that may be taken into account under a qualified plan pursuant to
Section 401(a)(17) of the Code for the year of Executive’s separation from service, (ii) the originally scheduled payment, together with each installment (if any) that would otherwise have been paid to Executive during the six-month period, shall be paid on the first day of the seventh month following such termination, and (iii) if Executive dies during the period in which no payment may be made, such period shall immediately end
and all installments then due to Executive shall be paid in accordance with Executive’s beneficiary designation or, if no such designation has been made or applies, to his estate. For purposes of the preceding sentence, Executive’s status
as a Specified Employee, which shall be determined in accordance with regulations under Sections 409A and 416 of the Code without regard to Section 416(i)(5) of the Code, begins on April 1, based upon his being described in the following
sentence during the calendar year preceding such date and shall continue for a period of 12 consecutive months after such April 1. Executive is described in this sentence if, at any time during a calendar year, (i) he was an officer of the
Company having annual compensation from the Company, and all entities aggregated with it under Section 414(b) and (c) of the Code, in excess of $130,000, as adjusted under Section 416(i)(A) of the Code, and was among the 50 such
officers with the highest annual compensation; (ii) he owned (or was considered as owning within the meaning of Section 318 of the Code) more than 5% of the outstanding stock of the Company or stock possessing more than 5% of the total
combined voting power of all stock of the Company; or (iii) he owned (or was considered as owning within the meaning of Section 318 of the Code) more than 1% of the outstanding stock of the Company or stock possessing more than 1% of the
total combined voting power of all stock of the 

 Company, and had annual compensation from the Company in excess of $150,000. For purposes of the preceding
sentence, an individual’s annual compensation shall be the total compensation reported in box 1 of IRS Form W-2 for the applicable calendar year. 

(b) Acceleration of Payments Prohibited. Notwithstanding anything to the contrary, Sections 3.3(a), 3.3(c), 3.4,3.5(a) and 3.5(c) shall
be construed and applied so that the time of payment of any amount constituting the deferral of compensation, within the meaning of Section 409A(d) of the Code and the regulations issued thereunder, shall be determined in accordance with the
plan or other arrangement providing such payment and shall not be accelerated as a result of Executive’s disability or termination of employment to which this Agreement applies.” 

4. Non-Competition and Non-Solicitation. 

4.1 Restricted Activities. While the Executive is employed by the Company and for a period of twenty-four (24) months after the
termination or cessation of such employment for any reason, the Executive will not directly or indirectly: 
 (a) Engage in
any business or enterprise (whether as owner, partner, officer, director, employee, consultant, investor, lender or otherwise, except as the holder of not more than 1% of the outstanding stock of a publicly-held company) that is competitive with the
Company’s business. A business or enterprise shall be deemed competitive if it shall operate a chain of membership warehouse clubs (by way of example, but not limitation, Sam’s Club or Costco), warehouse stores selling food and/or general
merchandise that includes a warehouse store located within 10 miles of any “then existing” BJ’s Wholesale Club warehouse store, or any other business that competes with the Company. Competitive business or enterprise also includes any
store or business operated or owned by Wal-Mart Stores, Inc., Costco Wholesale Corporation, or any of the respective affiliates thereof. The term “then existing” shall refer to any such warehouse
store that is, at the time of termination of the Executive’s employment, operated by the Company or any of its subsidiaries or divisions or under lease for operation as aforesaid; or 

(b) Either alone or in association with others (i) solicit, or permit any organization directly or indirectly controlled
by the Executive to solicit, any employee of the Company to leave the employ of the Company, or (ii) solicit for employment, hire or engage as an independent contractor, or permit any organization directly or indirectly controlled by the
Executive to solicit for employment, hire or engage as an independent contractor, any person who was employed by the Company at the time of the termination or cessation of the Executive’s employment with the Company; provided that this
clause (ii) shall not apply to the solicitation, hiring or engagement of any individual whose employment with the Company has been terminated for a period of six (6) months or longer at the time of such solicitation, hiring or employment.

 4.2 Extension of Restrictions. If the Executive violates the provisions of Section 4.1, the twenty-four (24) month
period referred to in Section 4.1 shall recommence and the Executive shall continue to be bound by the restrictions set forth in Section 4.1 until a period of twenty-four (24) months has expired without any violation of such
provisions. 

 4.3 Interpretation. If any restriction set forth in Section 4.1 is found by any
court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time,
range of activities or geographic area as to which it may be enforceable. 
 4.4 Equitable Remedies. The restrictions contained in
this Section 4 are necessary for the protection of the business and goodwill of the Company and are considered by the Executive to be reasonable for such purpose. The Executive agrees that any breach of this Section 4 is likely to cause
the Company substantial and irrevocable damage which is difficult to measure. Therefore, in the event of any such breach or threatened breach, the Executive agrees that the Company, in addition to such other remedies which may be available, shall
have the right to obtain an injunction from a court restraining such a breach or threatened breach and the right to specific performance of the provisions of this Section 4, and the Executive hereby waives the adequacy of a remedy at law as a
defense to such relief. 
 5. Proprietary Information. 

5.1 Proprietary Information. 

(a) The Executive agrees that all information, whether or not in writing, of a private, secret or confidential nature
concerning the Company’s business, business relationships or financial affairs (collectively, “Proprietary Information”) is and shall be the exclusive property of the Company. By way of illustration, but not limitation, Proprietary
Information may include inventions, products, processes, methods, techniques, formulas, compositions, compounds, projects, developments, plans, research data, financial data, personnel data, computer programs, customer and supplier lists, and
contacts at or knowledge of customers or prospective customers of the Company. The Executive will not disclose any Proprietary Information to any person or entity other than employees of the Company or use the same for any purposes (other than in
the performance of his/her duties as an employee of the Company) without written approval by an executive officer of the Company, either during or after his/her employment with the Company, unless and until such Proprietary Information has become
public knowledge without fault by the Executive. 
 (b) The Executive agrees that all files, letters, memoranda, reports,
records, data, sketches, drawings, laboratory notebooks, program listings, or other written, photographic, or other tangible material containing Proprietary Information, whether created by the Executive or others, which shall come into his/her
custody or possession, shall be and are the exclusive property of the Company to be used by the Executive only in the performance of his/her duties for the Company. All such materials or copies thereof and all tangible property of the Company in the
custody or possession of the Executive shall be delivered to the Company, upon the earlier of (i) a request by the Company or (ii) termination of his/her employment. After such delivery, the Executive shall not retain any such materials or
copies thereof or any such tangible property. 

 (c) The Executive agrees that his/her obligation not to disclose or to use
information and materials of the types set forth in paragraphs (a) and (b) above, and his/her obligation to return materials and tangible property set forth in paragraph (b) above also extends to such types of information, materials and
tangible property of customers of the Company or suppliers to the Company or other third parties who may have disclosed or entrusted the same to the Company or to the Executive. 

5.2 Equitable Remedies. The restrictions contained in this Section 5 are necessary for the protection of the business and goodwill
of the Company and are considered by the Executive to be reasonable for such purpose. The Executive agrees that any breach of this Section 5 is likely to cause the Company substantial and irrevocable damage which is difficult to measure.
Therefore, in the event of any such breach or threatened breach, the Executive agrees that the Company, in addition to such other remedies which may be available, shall have the right to obtain an injunction from a court restraining such a breach or
threatened breach and the right to specific performance of the provisions of this Section 5, and the Executive hereby waives the adequacy of a remedy at law as a defense to such relief. 

6. Other Agreements. The Executive represents that his/her performance of all the terms of this Agreement and the
performance of his/her duties as an employee of the Company do not and will not breach any agreement with any prior employer or other party to which the Executive is a party (including without limitation any nondisclosure or non-competition agreement). Any agreement to which the Executive is a party relating to nondisclosure, non-competition or non-solicitation of employees or customers is listed
on Schedule A attached hereto. 
 7. Miscellaneous. 

7.1 Notices. Any notice delivered under this Agreement shall be deemed duly delivered four (4) business days after it is sent by
registered or certified mail, return receipt requested, postage prepaid, or one business day after it is sent for next-business day delivery via a reputable nationwide overnight courier service, in each case to the address of the recipient set forth
in the introductory paragraph hereto. Either party may change the address to which notices are to be delivered by giving notice of such change to the other party in the manner set forth in this Section 7.1. 

7.2 Pronouns. Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine
or neuter forms, and the singular forms of nouns and pronouns shall include the plural, and vice versa. 
 7.3 Entire Agreement. This
Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter of this Agreement, including but not limited to the Employmemt Agreement,
dated August 27, 2007, entered into by the Company and the Executive. 
 7.4 Amendment. This Agreement may be amended or modified
only by a written instrument executed by both the Company and the Executive. 

 7.5 Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the Commonwealth of Massachusetts (without reference to the conflicts of laws provisions thereof), except as may be preempted by the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. § 1001 et seq.
Any action, suit or other legal proceeding arising under or relating to any provision of this Agreement shall be commenced only in a court of the Commonwealth of Massachusetts (or, if appropriate, a federal court located within Massachusetts), and
the Company and the Executive each consents to the jurisdiction of such a court. The Company and the Executive each hereby irrevocably waives any right to a trial by jury in any action, suit or other legal proceeding arising under or relating to any
provision of this Agreement. 
 7.6 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of both
parties and their respective successors and assigns, including any corporation with which, or into which, the Company may be merged or which may succeed to the Company’s assets or business; provided, however, that the obligations of the
Executive are personal and shall not be assigned by him/her. 
 7.7 Waivers. No delay or omission by the Company in exercising any
right under this Agreement shall operate as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any
other occasion. Notwithstanding the foregoing, if the Company is merged with or into a third party which is engaged in multiple lines of business, or if a third party engaged in multiple lines of business succeeds to the Company’s assets or
business, then for purposes of Section 4.1(a), the term “Company” shall mean and refer to the business of the Company as it existed immediately prior to such event and as it subsequently develops and not to the third party’s
other businesses. 
 7.8 Captions. The captions of the sections of this Agreement are for convenience of reference only and in no way
define, limit or affect the scope or substance of any section of this Agreement. 
 7.9 Severability. In case any provision of this
Agreement shall be invalid, illegal or otherwise unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby. 

* * * * * 

 THE EXECUTIVE ACKNOWLEDGES THAT HE/SHE HAS CAREFULLY 

READ THIS AGREEMENT AND UNDERSTANDS AND AGREES TO ALL OF THE 

PROVISIONS IN THIS AGREEMENT. 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year set forth above. 

 

					
	 BJ’S WHOLESALE CLUB, INC.
	 		 	
			
	/s/ Laura J. Sen	 		 	/s/ Peter Amalfi
	 Laura J. Sen
	 		 	Peter Amalfi
	President and Chief Executive Officer	 		 	Executive Vice President, 
		 		 	Chief Information Officer

  

									
	 ATTEST:
	 	 	 		 	 WITNESS:
	 	/s/ Jennifer Hale

 LP11:Employment Agreements/Employment Agreement Amalfi 2011 

 SCHEDULE A 

Agreements containing Restrictive Covenants 

Schedule A 
 Executive’s
initialsEX-10.11(a)

 Exhibit 10.11(a) 

GENERAL RELEASE AND SEPARATION AGREEMENT 

(“AGREEMENT”) 
 I,
Peter Amalfi, understand and agree to the terms of this Agreement between me and BJ’s Wholesale Club, Inc. (the “Company”). 

1. Separation From Employment By signing below, I agree that my employment with the Company will end pursuant to the
terms of this Agreement on October 28, 2017 (the “Separation Date”) and I will cease to be employed by the Company as of that date. 
 2.
Severance and Benefits I understand that by signing, returning and not revoking this Agreement within the time periods described below, I will receive the following pay and/or benefits from the Company: 

a. Severance Payments I will receive Severance Payments equal to 104 weeks (the “Severance Period”) of my
regular base pay. The total value of the Severance Payments is Eight Hundred Ten Thousand Dollars and Eighty-Eight Cents ($810,000.88), less applicable deductions and withholdings. Severance Payments will begin no later than sixty (60) days
after I have executed this Agreement and have not revoked the same. Severance Payments will be made on the same schedule and in the same manner as salary payments were paid to me immediately before the Separation Date. 

b. Benefits Continuation If I elect to continue to participate in the Company’s medical and/or dental plans for team
members pursuant to a valid COBRA election, the Company will pay me during the Severance Period the difference between my actual COBRA premium costs and the amount I would have paid had I continued coverage as a team member under the Company’s
applicable health plans. The Company’s obligation under 2(b) will (i) not extend beyond the Severance Period; (ii) will cease if I discontinue COBRA benefits; or (iii) be reduced or eliminated to the extent I receive similar
coverage and benefits under the plans and programs of a subsequent employer or entity or I become eligible for similar coverage under my spouse’s employer. 

c. Outplacement Assistance. I am eligible for twelve (12) months of outplacement assistance through Lee Hecht
Harrison, and understand that I must activate their services within 30 days of executing this agreement. Information on Lee Hecht Harrison will be mailed to me should I execute and not revoke this Agreement. 

d. Annual Incentive Plan Award I understand that I shall be eligible for an Annual Incentive Award, prorated for my service
period and pursuant to the terms of the applicable Annual Incentive Plan for Fiscal Year 2018 (the “AIP”). Such award shall be determined in accordance with the terms of the AIP, and I acknowledge that an award is not guaranteed under the
AIP. The amount to be paid to me, if any, shall be paid in the first quarter of 2018, at such time as the awards are paid to other eligible employees generally. 

e. Other Benefit Plans Except as set forth in 2 (d) above, I understand that for benefit plans governed by the Employee
Retirement Income Security Act of 1974 (ERISA) and equity or similar awards granted or assumed by the Company, my eligibility for benefits will be determined in accordance with the terms of the applicable plan or other governing documents. Nothing
in this Agreement shall impair, diminish or interfere with any rights, privileges or benefits I have with respect to ERISA plans, equity award agreements or similar governing documents. Except as described above, I hereby withdraw my participation
in any and all bonus or incentive plan(s) or program(s) and understand that I am not now nor will in the future be entitled to any payments under those plans. 

f. No Other Payments I acknowledge that this Agreement does not include any form of compensation or benefits other than
specifically described herein. I acknowledge that I am not eligible for any post-separation pay or benefits other than provided in this Agreement, including but not limited to payments under any of the Company’s severance plans or programs and
bonus or incentive pay programs, except as follows: 
 i. A dividend of $395,405.43, deferred at the time of the Company’s January, 2017
dividend. Dividend will be paid according to its terms following satisfaction of certain 

  
 -1- 

 
Company performance measures. 
 ii. My BJ’s Team Member Membership (paid) will
continue for my lifetime. 
 3. Release of Claims I, for myself, my heirs, administrators, executors and assigns release the Company
and its respective parents, divisions, subsidiaries, and affiliated entities, and each of those entities’ respective current and former shareholders, investors, directors, officers, employees, agents, attorneys, insurers, legal successors and
assigns (the “Released Parties”), from any and all claims, actions and causes of action, whether now known or unknown, that I have, or at any other time had, or shall or may have against those Released Parties based upon or arising out of
any matter, cause, fact, thing, act or omission whatsoever occurring or existing at any time up to and including the date on which I sign this Release Agreement, including, but not limited to, any common law or statutory claims relating to my
employment or termination from employment such as claims of wrongful termination in violation of public policy or under any other theory, breach of contract, fraud, negligent misrepresentation, defamation, infliction of emotional distress, or any
other tort claim; claims of discrimination or harassment based upon national origin, race, age, sex, disability, sexual orientation or retaliation under the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment
Act, the Americans With Disabilities Act, or any other applicable Federal, State, or local law prohibiting discrimination; claims under the federal Family and Medical Leave Act, the Worker Adjustment and Retraining Notification Act or any other
federal, state or local law, rule, regulation or ordinance that is applicable to my employment with the Company; or claims for vacation, sick or personal leave pay, short term or long term disability benefits, or payment pursuant to any practice,
policy, handbook or manual of the Company. 
 This Release Agreement does not affect any rights to which I may be entitled as a terminated employee under
any of the Company’s employee benefit plans or to indemnification. 
 4. Absence of Certain Claims I acknowledge that as of the
date I sign this Agreement, I have not filed or otherwise pursued any charges, complaints or claims of any nature against the Company or any Released Party with any local, state or federal government agency or court on or prior to the date of
signing this Agreement, which have not been dismissed, closed, withdrawn or otherwise terminated, unless otherwise permitted by law. I further acknowledge that the Company has fully satisfied all its obligations to me as a matter of law and pursuant
to Company policy and I have no additional claims against the Company. 
 5. Post-Employment Obligations 

a. Continuation of Obligations I acknowledge that Sections 4 (Non-Competition and
Non-Solicitation) and 5 (Proprietary Information) of the Employment Agreement between Peter Amalfi and the Company, dated January 11, 2011 (the “Employment Agreement”) remain in full force and effect following the termination of my
employment with the Company and are binding upon me, and I agree to fully comply with my obligations under such Sections 4 and 5. In addition, I acknowledge that the last paragraph of Section 3 (Termination of Employment and Benefits Upon
Termination) of the Employment Agreement remains in full force and effect and all payments to me by the Company following my termination of employment remain subject to the terms of such paragraph. 

b. Future Cooperation Following my termination, I agree to cooperate reasonably with the Company and all the Released
Parties in connection with the contemplation, prosecution and defense of all phases of existing, past and future litigation, regulatory or administrative actions about which the Company believes I may have knowledge or information. This includes my
agreement to make myself available if requested to provide information to the Company or its counsel; provided that I shall not be required to be available to an extent or at times that would unreasonably interfere with professional or
personal commitments. 
 c. Confidentiality of Agreement Terms I agree that the terms and conditions of this Agreement,
including the consideration offered in connection with it, and any and all actions by the 

  
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Company in accordance therewith, are strictly confidential and, with the exception of my counsel, tax advisor, immediate family, or as required by applicable law, have not and shall not be
disclosed, discussed, or revealed to any other persons, entities, or organizations, whether within or outside the Company, without prior written approval of an authorized representative of the Company. I further agree to take all reasonable steps
necessary to ensure that confidentiality is maintained by any of the individuals or entities referenced above to whom disclosure is authorized. 

d. Negative Comments I agree to refrain from directly or indirectly engaging in publicity, including written, oral and
electronic communication of any kind, or any other activity which reflects negatively or adversely upon the Company, its business, its actions or its officers, directors or employees, whether or not I believe the content of the publicity to be true
or whether or not it is, in fact, true. In turn,the Company’s executive management team agrees to refrain from making comments that would reflect negatively or adversely on me. This paragraph does not apply to truthful testimony compelled by
applicable law or legal process. 
 e. Breach/Remedy I understand and agree that the Company shall have the right to
bring legal action to enforce this Agreement and to recover monetary or other damages resulting from a breach of the Agreement, or of my continuing obligations under the Employment Agreement, by me. This right includes but is not limited to the
Company’s right to obtain injunctive relief to restrain any breach or threatened breach of the Agreement or the Employment Agreement by me or otherwise to specifically enforce any provision of this Agreement or the Employment Agreement. In
addition, I acknowledge and understand that if I breach any provision of this Agreement or the Employment Agreement, or become employed by, or provide services as a contractor or consultant to, Wal-Mart
Stores, Inc., Costco Wholesale Corporation, Sam’s Clubs, or any of their respective subsidiaries or affiliates, I will cease to be eligible for payments and benefits under this Agreement and the Company may, in its sole discretion, discontinue
remaining payments and benefits, if any, and may require me to reimburse the value of payments and benefits previously received. 
 6. Miscellaneous
Provisions 
 a. No Admission of Liability I specifically understand and agree that by entering into this
Agreement, the Company and the other Released Parties do not admit any liability whatsoever to me or to any other person arising out of any claims heretofore or hereafter asserted by me and the Company, for itself and on behalf of other Released
Parties expressly denies any and all such liability. 
 b. Severability Should any of the provisions of this Agreement
be rendered invalid by a court or government agency of competent jurisdiction, or should I fail to fulfill my obligations under it, the remainder of the Agreement shall, to the fullest extent permitted by applicable law and at the Company’s
option, remain in full force and effect and/or I will be obligated to return, in full or in part, as determined by the Company, any and all consideration I received in exchange for signing the Agreement. 

c. Choice of Law and Venue This Release Agreement shall be governed and interpreted according to the laws of the
Commonwealth of Massachusetts, without regard to any conflict of law principles. Any claim or controversy arising out of this Release Agreement, or the breach thereof, shall be subject to the jurisdiction of the state and federal courts located in
Massachusetts. 
 d. Attorneys’ Fees and Costs As further mutual consideration of the promises set forth herein,
the Company and I agree that we each are responsible for our own attorneys’ fees and costs, and each agrees that they will not seek from the other reimbursement for attorneys’ fees and/or costs incurred in relation to any matters addressed
in this Agreement. 
 e. Entire Agreement I understand that, except for the terms and conditions set forth in the Employment
Agreement, including without limitation those set forth in Paragraphs 3, 4 and 5, all prior agreements and understandings covering the same or similar subject matter, written or oral, between me and the Company, are replaced and superseded by this
Agreement, and are no longer of any force and effect. 

  
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 7. Time for Signing I acknowledge that I first received this Agreement on or before
September 27, 2017, and that to receive the separation pay and benefits described herein, I must sign, return and not revoke this Agreement as described below. 

I have twenty-one (21) calendar days from my receipt of the Agreement to consider it and consult with an attorney
of my choice before signing and returning it. I agree that any changes to the Agreement that may be negotiated between me or my attorney and the Company, whether material or immaterial, will not restart the time I have to consider and sign the
Agreement. I understand that I may sign and return the Agreement at any time before the expiration of the 21-day period. I further understand that I can revoke my acceptance of the Agreement, in writing, for a
period of seven calendar days after I sign the Agreement. 
 The signed Agreement and, if applicable, written revocation should be returned within the time
periods described above to: Carol Stone, Senior Vice President, Human Resources, BJ’s Wholesale Club, 25 Research Drive, Westborough, MA 01581. 
 I
hereby AFFIRM AND ACKNOWLEDGE that I have read the foregoing Agreement, that I have had sufficient time and opportunity to review and discuss it with the attorney of my choice, that I have had any questions about the Agreement answered to my
satisfaction, that I fully understand and appreciate the meaning of each of its terms, and that I am voluntarily signing the Agreement on the date indicated below, intending to be fully and legally bound by its terms. 

 

					
	ACKNOWLEDGED AND AGREED:	 		 	
		 		 	EXECUTIVE
			
	DATED: 10/12/2017	 		 	/s/ Peter Amalfi
		 		 	Peter Amalfi
			
	BJ’S WHOLESALE CLUB, INC.	 		 	
			
	DATED: 10/3/17	 		 	/s/ Carol Stone
		 		 	Carol Stone
		 		 	SVP Human Resources

  
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