Document:

Agreement of Resignation

 Exhibit 4.7 
 CONFIDENTIAL 
 AGREEMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE

 THIS AGREEMENT IS MADE AND ENTERED INTO THIS 3RD DAY OF MAY, 2010, AMONG: 
 Publix Super Markets, Inc., 
 a company incorporated under the laws of Florida,
having its registered office at 
 3300 Publix Corporate Parkway, Lakeland, FL 33811, (the “Client”);

 State Street Bank and Trust Company, 
 a company incorporated under the laws of Massachusetts, having its registered office at 
 State Street Financial Center, One Lincoln Street, Boston, MA 02111, 
 (the
“Original Service Provider”); 
 and 
 ING National Trust, 
 a company incorporated under the laws of Minnesota,

 having its registered office at One Orange Way, Windsor, CT 06095-4774 

(“Successor Service Provider”). 
 WHEREAS: 
 A. Effective July 3, 2001, the Client and the Original Service Provider entered
into a trust agreement listed on Schedule A hereto, as amended or supplemented from time to time (the “Trust Agreement”). Pursuant to the Trust Agreement, the Original Service Provider provides certain services to the Client.

 B. The parties hereto have agreed that the Trust Agreement be assigned to the Successor Service Provider, to be effective as of
March 31, 2010, (the “Effective Time”), and the Successor Service Provider has agreed to accept appointment as the successor provider under the Trust Agreement pursuant to the written notice provided to the Client dated
December 21, 2009. 
 NOW, THEREFORE, in consideration of the premises and the mutual agreements and covenants set forth herein, the
parties hereto agree as follows: 
  

	1.	Assignment of the Trust Agreement 

 (a) In consideration of the agreements, assumptions and releases hereinafter contained, and subject to paragraph (b), it is agreed that from and after the Effective Time: 

(1) all of the rights, title and interests of the Original Service Provider under the Trust Agreement be, and they hereby
are, assigned and transferred to the Successor Service Provider; and 
 (2) all of the obligations, liabilities
and duties of the Original Service Provider under or arising in connection with the Trust Agreement be, and they hereby are, assumed by and transferred to the Successor Service Provider; and 

 CONFIDENTIAL 
 (3) the Successor Service Provider hereby accepts such transfers and agrees to fully perform as Successor Service Provider under the Trust Agreement, and without limitation the Successor Service Provider
agrees to accept appointment as successor Trustee under the Publix Super Markets, Inc. 401(k) SMART Trust Number 1; and 
 (4) accordingly: 
 (i) the Original Service Provider shall, from and after the
Effective Time, release and discharge the Client and each and all of the Client’s employees, agents, representatives and all other related parties, and the Plan and all of its employees, agents representatives and fiduciaries (referred to
collectively as “Client-related persons”), from (A) further performance of the Trust Agreement and all obligations, liabilities, duties of the Client thereunder, and (B) all claims and demands against the Client and all
Client-related persons, under or arising in connection therewith, whether in contract, tort or otherwise; 
 (ii) the Client
shall, from and after the Effective Time, release and discharge the Original Service Provider from (A) further performance of the Trust Agreement and all obligations, liabilities, duties of the Original Service Provider thereunder as such
obligations, liabilities and duties shall be assumed by the Successor Service Provider and its affiliates and as the Successor Service Provider hereby agrees to be fully responsible for the performance of the Trust Agreement, and (B) all claims
and demands against the Original Service Provider, under or arising in connection therewith, whether in contract, tort or otherwise; 
 (iii) the Client shall acquire all rights under the Trust Agreement, including but not limited to any indemnification rights, against and assume all obligations toward the Successor Service Provider, as
the Successor Service Provider has hereby accepted its appointment as successor under the Trust Agreement and thus has become a party to the Trust Agreement in place of the Original Service Provider pursuant to the terms of such agreement for
replacing a service provider; and 
 (iv) the Successor Service Provider shall acquire the rights set forth in the Trust
Agreement, and shall assume all obligations toward the Client, as the Successor Service Provider has hereby accepted its appointment as successor under the Trust Agreement and thus has become a party to the Trust Agreement in place of the Original
Service Provider pursuant to the terms of such agreement for replacing a service provider. 

 CONFIDENTIAL 
 (b) This Agreement does not eliminate any rights of the Client, or any obligations to the Client of any other party to this Agreement, arising from, accrued with respect to, or relating to any period
prior to the Effective Time, nor does it affect any rights and obligations as between the Original Service Provider and its affiliates and the Successor Service Provider and its affiliates. Notwithstanding the foregoing, the Successor Service
Provider shall accept any and all liability for any error committed during the transition period from the Original Service Provider and its affiliates. 
  

	2.	One Agreement 

 Each of
the Trust Agreement and this Agreement shall henceforth be read and construed as one Agreement. 
  

	3.	Governing Law 

 This
Agreement is governed by, and construed in accordance with law governing the Trust Agreement. 
  

	4.	Counterparts 

 This
Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same
agreement. Delivery of an executed counterpart of a signature page to this Agreement by telecopier shall be effective as delivery of a manually executed counterpart of this Agreement. 

IN WITNESS WHEREOF, this Agreement has been entered into this 3rd day of May, 2010. 

 

			
	Publix Super Markets, Inc.
		
	By:	 	/s/ Linda S. Kane
	Name:	 	Linda S. Kane
	Title:	 	Vice President, Benefits Administration and Assistant Secretary
	
	State Street Bank and Trust Company
		
	By:	 	/s/ Kristen A. Kennedy
	Name:	 	Kristen A. Kennedy
	Title:	 	VP & Managing Counsel
	
	ING National Trust
		
	By:	 	/s/ Christopher H. Rand
	Name:	 	Christopher H. Rand
	Title:	 	Vice President

 CONFIDENTIAL 
 SCHEDULE A 
 Defined Contribution Plans Master Trust Agreement Between Publix Super
Markets, Inc. and State Street Bank And Trust CompanyThe Company's 401(k) SMART Trust Number 2 as Amended

 Exhibit 4.8 
 PUBLIX SUPER MARKETS, INC. 
 401(k) SMART TRUST 

NUMBER 2 

AMENDED AND RESTATED 
 AS OF JANUARY 1, 2007 

 PUBLIX SUPER MARKETS, INC. 

401(k) SMART TRUST 
 NUMBER 2 
 AMENDED AND RESTATED 

AS OF JANUARY 1, 2007 
 Table of Contents 
  

							
	 Article
	  	 Title
	  	Page	 
			
	 I
	  	 Definitions
	  	 	2	  
			
	 II
	  	 Name of the Trust
	  	 	4	  
			
	 III
	  	 Maintenance of the Publix Stock Trust Fund
	  	 	4	  
			
	 IV
	  	 Trust Administration
	  	 	4	  
			
	 V
	  	 Investment of the Publix Stock Trust Fund
	  	 	7	  
			
	 VI
	  	 Expenses of Administration of the Plan and the Publix Stock Trust Fund
	  	 	9	  
			
	 VII
	  	 Amendment and Termination
	  	 	9	  
			
	 VIII
	  	 Acceptance of Trust
	  	 	11	  
			
	 IX
	  	 Miscellaneous
	  	 	11	  

 PUBLIX SUPER MARKETS, INC. 

401(k) SMART TRUST 
 NUMBER 2 
 AMENDED AND RESTATED 

AS OF JANUARY 1, 2007 
 THIS AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST (the “Agreement”) is made and entered into this 22nd day of January, 2008, but is effective for all purposes as of January 1, 2007, by and between Publix Super
Markets, Inc. (the “Company”) and Tina P. Johnson (the “Trustee”). 
 W I T N
E S S E T H: 
 WHEREAS, the Company has previously adopted the Publix
Super Markets, Inc. 401(k) SMART Plan (the “Plan”) for the purpose of providing retirement and related benefits to eligible employees of the Company and their beneficiaries; and 

WHEREAS, the Plan provides for the establishment and maintenance of trusts for the Primary Trust Fund and the Employer Securities
Accounts portion of the Publix Stock Fund; and 
 WHEREAS, the Company has previously adopted and maintains the Defined
Contribution Plans Master Trust Agreement with State Street Bank and Trust Company to serve as the trust for the Primary Trust Fund (previously referred to as Trust Number 1); and 

WHEREAS, the Company has previously established and maintains the Publix Super Markets, Inc. 401(k) SMART Trust Number 2 to serve
as the trust for the Employer Securities Accounts portion of the Publix Stock Fund (the “Trust” or “Trust Number 2”); and 
 WHEREAS, the Company is authorized and empowered to amend Trust Number 2; and 
 WHEREAS, the Company has determined that it is advisable and in the best interests of the Participants to amend and restate Trust Number 2. 

 NOW, THEREFORE, Trust Number 2 is hereby amended and restated in its entirety to read
as follows: 
 ARTICLE I 
 Definitions 
 1.1 “Account” or
“Accounts” shall mean a Participant’s Savings Contributions Account, Matching Contributions Account, and/or such other accounts as may be established by the Plan Administrator pursuant to section 7.2 of the Plan. The
portion of a Participant’s Accounts invested in the Publix Stock Fund may include an Employer Securities Account and an Other Investments Account, as set forth in the Plan. 

1.2 “Administrator” shall mean the Plan Administrator. 

1.3 “Affiliate” shall mean, with respect to an Employer, any corporation other than such Employer that is a
member of a controlled group of corporations, within the meaning of Section 414(b) of the Code, of which such Employer is a member; all other trades or businesses (whether or not incorporated) under common control, within the meaning of
Section 414(c) of the Code, with such Employer; any service organization other than such Employer that is a member of an affiliated service group, within the meaning of Section 414(m) of the Code, of which such Employer is a member; any
other organization that is required to be aggregated with such Employer under Section 414(o) of the Code. 
 1.4
“Board of Directors” and “Board” shall mean the board of directors of the Company or, when required by the context, the board of directors of an Employer other than the Company. 

1.5 “Code” shall mean the Internal Revenue Code of 1986, as amended, or any successor statute. Reference to a
specific section of the Code shall include a reference to any successor provision. 
 1.6 “Company”
shall mean Publix Super Markets, Inc. and its successors. 
 1.7 “Employer” shall mean the Company,
Publix Alabama, LLC, and Publix Asset Management Company, as well as any subsidiary, related corporation, or other entity that adopts the Plan with the consent of the Company. 
 1.8 “Employer Securities” shall mean common stock, any other type of stock, or any marketable obligation (as defined in Section 407(e) of ERISA) issued by the Company or any
Affiliate of the Company. 
 1.9 “Employer Securities Account” shall mean a subaccount established
pursuant to section 7.2 of the Plan with respect to matching contributions and savings contributions invested in common stock of the Company held within the Publix Stock Fund, and adjustments thereto. 

  
 2 

 1.10 “ERISA” shall mean the Employee Retirement Income Security Act
of 1974, as amended, or any successor statute. Reference to a specific section of ERISA shall include a reference to any successor provision. 
 1.11 “Matching Contribution Account” shall mean an account established pursuant to section 7.2 of the Plan with respect to contributions to the Plan on behalf of a Participant by
an Employer pursuant to section 6.2 of the Plan. 
 1.12 “Other Investments Account” shall mean a
subaccount established pursuant to section 7.2 of the Plan with respect to assets other than common stock of the Company held within the Publix Stock Fund, and adjustments thereto. 

1.13 “Participant” shall mean any eligible employee of an Employer who has become a Participant under Article V
of the Plan and shall include any former employee of an Employer who became a Participant under the Plan and who still has a balance in an Account under the Plan. 
 1.14 “Plan” shall mean the Publix Super Markets, Inc. 401(k) SMART Plan, as it may be in effect from time to time. 

1.15 “Plan Administrator” shall mean the Company. 

1.16 “Plan Year” shall mean the 12-month period ending on each December 31. 

1.17 “Primary Trustee” shall mean the individual, individuals, or corporation designated as trustee under the
Primary Trust Fund. 
 1.18 “Primary Trust Fund” shall mean the trust fund adopted by the Company under
the Defined Contribution Plans Master Trust Agreement with State Street Bank and Trust Company. 
 1.19 “Publix Stock
Fund” shall mean, collectively, the assets comprising the Employer Securities Accounts (held by the Publix Stock Fund Trustee) and the assets comprising the Other Investments Accounts (held by the Primary Trustee). 

1.20 “Publix Stock Trust Fund” shall mean the trust fund established under this Agreement. 

1.21 “Savings Contribution Account” shall mean an account established pursuant to section 7.2 of the Plan with
respect to contributions made under salary reduction arrangements pursuant to section 6.1 of the Plan. 
 1.22 “State
Street” shall mean State Street Bank and Trust Company, a trust company organized under the laws of the Commonwealth of Massachusetts. 

  
 3 

 1.23 “Trust” or “Trust Number 2” shall mean
the Publix Super Markets, Inc. 401(k) SMART Trust Number 2, established by the Company pursuant to the Plan to serve as the trust for the Employer Securities Accounts portion of the Publix Stock Fund, as herein set forth and as amended from time to
time. 
 1.24 “Trustee” shall mean the individual, individuals, or corporation designated as trustee
under this Agreement or any amendment hereof. 
 ARTICLE II 

Name of the Trust 
 The trust established in accordance with the terms hereof shall be known as the “PUBLIX SUPER MARKETS, INC. 401(k) SMART TRUST NUMBER 2.” 

ARTICLE III 
 Maintenance of the Publix Stock Trust Fund 
 The Company has
previously established, pursuant to the Plan, a trust comprised of amounts previously contributed by the Company, together with such other sums of money and property as shall from time to time be paid or delivered to the Trustee, the earnings and
profits thereon and any assets into which such funds are converted. The Publix Stock Trust Fund shall be held by the Trustee in trust and dealt with in accordance with the provisions hereof. Except as otherwise permitted by law, in no event shall
any part of the principal or income of the Publix Stock Trust Fund be used for or diverted to any purpose whatsoever other than for the exclusive benefit of the Participants and their beneficiaries. 

ARTICLE IV 

Trust Administration 
 4.1 Receipt of Contributions. The Trustee may receive from each Employer payments made in Employer Securities as its contributions under the Plan. However, the Trustee shall have no right or
duty to inquire into the amount of any contribution made by an Employer or the method used in determining the amount of any such contribution, or to collect the same, but the Trustee shall be accountable only for funds actually received by it.

 4.2 Plan Administrator’s Directions. When directed by the Plan Administrator, the Trustee shall make
transfers, payments, distributions, and deliveries to or for the account of Participants or their beneficiaries. 

  
 4 

 4.3 Authorized Actions. The Trustee is authorized to: 

(a) borrow money and pledge any Trust property for the payment of any such loan; 

(b) settle, compromise, or submit to arbitration any claims, debts, or damages due or owing to or from this Trust,
commence or defend suits or legal or administrative proceedings and represent the Trust in all suits and legal and administrative proceedings; 
 (c) employ suitable counsel (who may be counsel for an Employer) and pay their reasonable expenses and compensation; and 

(d) make, execute, and deliver as Trustee, with provisions for no individual responsibility, all instruments in writing
necessary or appropriate for the exercise of any of its powers of administration; provided, that as a matter of convenience, when the Trustee is two or more persons, any one of such persons may exercise the powers contained in this section 4.3
without the necessity of the other person or persons joining therein. 
 4.4 Distributions. In making transfers,
payments, distributions, and deliveries to, or for the benefit of, the respective Participants, the Trustee shall rely entirely on the directions of the Plan Administrator, and, to the extent permitted by law, the Administrator shall be solely
responsible for such directions. The Trustee shall have no dealings with the beneficiaries under this Agreement except under the direction of the Plan Administrator to make payment to them. If and when the Trustee is a corporation, all directions,
papers, and communications addressed to it or intended to be filed with it shall be delivered at its principal office. 
 4.5
Records and Accounts. The Trustee shall keep accurate and detailed accounts on all investments, receipts, disbursements, and other transactions hereunder. All accounts, books, and records relating to this Trust shall be open to
inspection and audit at all reasonable times by any person designated by the Plan Administrator. 
 4.6 Resignation and
Removal. 
 (a) The Company may at any time remove any Trustee acting hereunder by providing written
notice to such Trustee, which removal shall take effect on the date therein specified; and any Trustee acting hereunder may at any time resign by providing the Company and the Plan Administrator with a written resignation, which resignation shall
take effect on the date therein specified, but not less than thirty (30) days from the date of the giving of such notice unless the Plan Administrator shall agree to an earlier date. The Company may appoint a corporation or an individual or
individuals to be successor Trustee hereunder in the place of any removed or resigned Trustee. Any notice required or permitted by this section 4.6(a) shall be deemed given upon the mailing thereof to the appropriate person by certified or
registered U.S. mail, return receipt requested, in a properly addressed envelope, postage prepaid. 

  
 5 

 (b) After receiving notice of removal or after the effective date of
resignation, the removed or resigning Trustee shall transfer, pay over, and deliver the Publix Stock Trust Fund to the successor Trustee, or if no successor Trustee be appointed within thirty (30) days from the Trustee’s receipt of notice
of removal or within thirty (30) days from the effective date of the Trustee’s resignation, as the case may be, the removed or resigning Trustee shall, upon the expiration of such 30-day period, transfer, pay over, and deliver the Publix
Stock Trust Fund to the Plan Administrator, without any responsibility upon the removed or resigning Trustee for any misapplication or to see to the further application or disposition of the Publix Stock Trust Fund by any successor Trustee or the
Plan Administrator, as the case may be. Notwithstanding any such transfer, payment, and delivery of the Publix Stock Trust Fund to any successor Trustee or to the Administrator, as the case may be, the removed or resigning Trustee may have its
entire account judicially settled and it shall be entitled to the payment out of the Publix Stock Trust Fund of any compensation due to it up to the time of removal or resignation and of any expenses or other disbursements, whether theretofore or
thereafter arising, for which the removed or resigning Trustee would be entitled to reimbursement if the Publix Stock Trust Fund had not been so transferred, paid over, and delivered. 

4.7 Periodic Accounting. 
 (a) Within ninety (90) days after the end of each Plan Year, and within sixty (60) days after removal or resignation, the Trustee shall value the Publix Stock Trust Fund and furnish the Plan
Administrator with a verified accounting of the Publix Stock Trust Fund for such Plan Year, or for the portion thereof ending with the date of such removal or resignation, which accounting shall include a record of receipts and disbursements,
changes in investments, and realized appreciation and depreciation for such year or period, and a statement of assets (showing both book value and fair market value) and liabilities on hand as of the end of such year or period. 

(b) Except as otherwise permitted by law, all rights of every Participant and every beneficiary of a Participant under the
Plan or this Agreement with relation to the Publix Stock Trust Fund or that may arise against or affect the Trustee shall be enforced exclusively by the Administrator. The Administrator is hereby given the express power and authority to enforce all
such rights as a representative of every Participant and beneficiary under the Plan. In any action or proceeding with relation to the Publix Stock Trust Fund or brought by or against the Trustee, the Plan Administrator shall be deemed to represent
every interested Participant and beneficiary. 

  
 6 

 ARTICLE V 
 Investment of the Publix Stock Trust Fund 
 5.1 Investment in
Employer Securities. 
 (a) The Publix Stock Trust Fund is designed to invest the Trust assets primarily
in Employer Securities, as provided in the Plan, for the benefit of the Participants and their beneficiaries. Accordingly, the Trustee may invest all of the assets of the Publix Stock Trust Fund in Employer Securities. 

(b) Upon receipt of a direction from any Participant to purchase Employer Securities for his Employer Securities Account,
the Trustee shall purchase, subject to the limitations set forth in section 10.4 of the Plan, such Employer Securities, designating itself as the sole owner of such Employer Securities subject to the Plan and this Agreement, and dealing with such
Employer Securities in accordance with the directions of the Plan Administrator, which directions, however, shall be for the exclusive benefit of the Participant directing the purchase of the Employer Securities or the beneficiary or beneficiaries
thereof. 
 (c) Employer Securities may be purchased or otherwise acquired from any source, including any party
that might be a party in interest (within the meaning of Section 3(14) of ERISA) or a disqualified person (within the meaning of Section 4975(e) (2) of the Code); provided, however, that if Employer Securities are purchased or
acquired from such a party in interest or disqualified person, the Trustee shall neither pay more than adequate consideration (within the meaning of Section 3(18) of ERISA), nor shall pay any commission to any person in connection with such
acquisition. 
 (d) As directed by the Plan Administrator, the Trustee shall from time to time transfer cash to
and from the Primary Trust Fund in connection with purchases and sales of units of Employer Securities. 
 (e)
The Trustee may from time to time receive and hold cash in connection with the Employer Securities in which the assets of the Publix Stock Trust Fund are invested. As directed by the Plan Administrator, the Trustee shall, as soon as practicable,
transfer such cash to the Primary Trust Fund or invest such cash in Employer Securities. 
 5.2 Powers. To the
extent that it is not inconsistent with the investment of the assets of the Publix Stock Trust Fund primarily in Employer Securities and the provisions of section 5.1, in carrying out its duties hereunder, the Trustee (with respect to making and
carrying out investment decisions) is authorized and empowered to: 
 (a) sell, redeem, or otherwise realize the
value of any assets of the Publix Stock Trust Fund; 

  
 7 

 (b) invest and reinvest all or any part of the Publix Stock Trust Fund, the
income therefrom, and the increment thereof in any common or preferred stocks, bonds, mortgages, secured or unsecured notes, secured or unsecured debentures, mutual funds, other securities, or commodities; any common trust fund operated by the
Trustee (provided that as long as the Trust has any investments in a common fund available only to pension trusts and profit sharing trusts that meet the requirements of Section 401(a) of the Code, then such common trust fund shall constitute
an integral part of this Trust and of the Plan); any guaranteed annuity contracts or segregated investments with insurance companies; or property of any kind or nature whatsoever, real, personal, or mixed, including mortgaged real property, without
regard to any rule of law or statute designating securities to be held for trust funds; and to hold cash uninvested (or in deposits bearing a reasonable rate of interest, in a bank or other similar institution supervised by the United States or a
state, including, if applicable, the Trustee) at any time and from time to time; 
 (c) without limitation on the
foregoing, buy and sell listed options and/or sell covered options and repurchase the same; 
 (d) vote upon any
stocks, bonds, or other securities of any corporation or other issuer held in the Trust (including Employer Securities held pursuant to section 5.1), and otherwise consent to or request any action on the part of such corporation or other issuer, and
give general or special proxies or powers of attorneys with or without power of substitution; and 
 (e) become a
party to the reorganization, consolidation, or merger of any corporation, and for such purposes execute any agreements or consents, or participate in or take any steps to effectuate the same, whether or not any specific plans have been formulated
therefor and in connection therewith, deposit any such securities with creditors or stockholders’ committees, bodies, or other protective groups, and surrender or exchange any such securities for such debentures, certificates, receipts,
agreements, or proceeds as may be issued or paid by such committees, bodies, or groups, or reorganized, consolidated, or merged corporations, and generally exercise all the rights and powers, whether herein enumerated or not, as may be lawfully
exercised by persons holding similar property in its own right. 
 5.3 Written Instruments. The Trustee shall
make, execute and deliver, as Trustee, with provisions for no individual liability, all instruments in writing necessary for the exercise of any of the foregoing powers. 

  
 8 

 ARTICLE VI 
 Expenses of Administration of the Plan 
 and the Publix Stock
Trust Fund 
 The Company shall bear all expenses of implementing the Plan and this Trust. For its services, any
corporate trustee shall be entitled to receive reasonable compensation in accordance with its rate schedule in effect from time to time for the handling of a retirement trust. Any individual Trustee shall be entitled to such compensation as shall be
arranged between the Company and such individual Trustee by separate instrument; provided, however, that no person who is already receiving full-time pay from any Employer or any Affiliate shall receive compensation from the Publix Stock Trust Fund
(except for the reimbursement of expenses properly and actually incurred). The Company may, in its sole discretion, pay all expenses of the administration of the Publix Stock Trust Fund, including the Trustee’s compensation, the expense
incurred by the Plan Administrator in discharging its duties, all income or other taxes of any kind whatsoever that may be levied or assessed under existing or future laws upon or in respect of the Publix Stock Trust Fund, and any interest that may
be payable on money borrowed by the Trustee for the purpose of the Trust and any Employer may pay such expenses as relate to Participants employed by such Employer. Any such payment by the Company or an Employer shall not be deemed a contribution to
the Plan. Such expenses shall be paid out of the assets of the Publix Stock Trust Fund unless paid or provided for by the Company or another Employer. Notwithstanding anything contained herein to the contrary, no excise tax or other liability
imposed upon the Trustee, the Plan Administrator or anyone else for failure to comply with the provisions of any federal law shall be subject to payment or reimbursement from the assets of the Trust. 

ARTICLE VII 
 Amendment and Termination 
 7.1 Limitations on
Amendments. The Plan and this Trust may be amended or terminated by the Company in accordance with the terms of the Plan and this Trust; provided, however, that no such amendment: 

(a) shall have the effect of vesting in any Employer, directly or indirectly, any interest, ownership or control in any of
the present or subsequent funds held subject to the terms of this Trust; 
 (b) shall cause or permit any
property held subject to the terms of this Trust to be diverted to purposes other than the exclusive benefit of the Participants and their beneficiaries or for the administration expenses of the Plan Administrator and this Trust; 

(c) shall reduce any vested interest of a Participant on the later of the date the amendment is adopted or the date the
amendment is effective, except as permitted by law; 

  
 9 

 (d) shall reduce the Accounts of any Participant; 

(e) shall amend any vesting schedule with respect to any Participant who has at least three (3) Years of Service, as
defined in section 1.62 of the Plan, at the end of the election period described below, except as permitted by law, unless each such Participant shall have the right to elect to have the vesting schedule in effect prior to such amendment apply with
respect to him, such election, if any, to be made during the period beginning not later than the date the amendment is adopted and ending no earlier than sixty (60) days after the latest of the date the amendment is adopted, the amendment
becomes effective, or the Participant is issued written notice of the amendment by his Employer or the Plan Administrator; or 
 (f) shall increase the duties or liabilities of the Trustee without its written consent. 
 7.2 Termination or Discontinuance. Any Employer, in its sole and absolute discretion, may permanently discontinue making contributions under the Plan or may terminate the Plan and this Trust
(with respect to all Employers if it is the Company, or with respect to itself alone if it is an Employer other than the Company), completely or partially, at any time without any liability whatsoever for such permanent discontinuance or complete or
partial termination. 
 7.3 Method of Discontinuance. In the event an Employer decides to permanently discontinue
making contributions, such decision shall be evidenced by an appropriate resolution of its Board and a certified copy of such resolution shall be delivered to the Plan Administrator and the Trustee. All of the assets in the Publix Stock Trust Fund
belonging to the affected Participants on the date of discontinuance specified in such resolutions shall be held, administered, and distributed by the Trustee in the manner provided under the Plan and this Agreement. 

7.4 Method of Termination. In the event an Employer decides to terminate the Plan and this Trust, such decision shall be
evidenced by an appropriate resolution of its Board and a certified copy of such resolution shall be delivered to the Plan Administrator and the Trustee. After payment of all expenses and proportional adjustments of individual accounts to reflect
such expenses and other changes in the value of the Publix Stock Trust Fund as of the date of termination, each affected Participant or the beneficiary or beneficiaries of any such Participant shall be entitled to receive, provided that the
requirements set forth in section 14.5(b) of the Plan are met, any amount then credited to his Accounts. 

  
 10 

 ARTICLE VIII 
 Acceptance of Trust 
 The Trustee hereby accepts this Trust and
agrees to hold all the property now or hereafter constituting the Publix Stock Trust Fund hereunder, subject to all the terms and conditions of this Agreement. 
 ARTICLE IX 
 Miscellaneous 

9.1 Merger or Consolidation. The Plan and this Trust may not be merged or consolidated with, and the assets or liabilities
of the Plan and this Trust may not be transferred to, any other plan or trust unless each Participant would receive a benefit immediately after the merger, consolidation, or transfer of the plan and trust then terminated that is equal to or greater
than the benefit the Participant would have received immediately before the merger, consolidation, or transfer if the Plan and this Trust had then terminated. 
 9.2 Alienation. Except as provided in subsections (b), (c) and (d) of section 15.2 of Article XV of the Plan, no Participant or beneficiary of a Participant shall have any right to
assign, transfer, appropriate, encumber, commute, anticipate or otherwise alienate his interest in the Plan or this Trust or any payments to be made hereunder; no benefits, payments, rights or interests of a Participant or a beneficiary of a
Participant of any kind or nature shall be in any way subject to legal process to levy upon, garnish or attach the same for payment of any claim against the Participant or beneficiary of a Participant; and no Participant or beneficiary of a
Participant shall have any right of any kind whatsoever with respect to this Trust, or any estate or interest therein, or with respect to any other property or right, other than the right to receive such distributions as are lawfully made out of
this Trust, as and when the same respectively are due and payable under the terms of the Plan and this Agreement. 
 9.3
Governing Law. This Agreement shall be administered, construed, and enforced according to the laws of the State of Florida, except to the extent such laws have been expressly preempted by federal law. 

9.4 Action by Employer. Whenever the Company or another Employer under the terms of this Agreement is permitted or required
to do or perform any act, it shall be done and performed by or at the direction of the Board of Directors of the Company or such other Employer (or the Executive Committee as authorized by the Board) and shall be evidenced by proper resolution of
such Board of Directors (or the Executive Committee as authorized by the Board) certified by the Secretary or Assistant Secretary of the Company or such other Employer. 

  
 11 

 9.5 Alternative Actions. In the event it becomes impossible for the Company,
another Employer, the Plan Administrator, or the Trustee to perform any act required by this Agreement, then the Company, such other Employer, the Plan Administrator, or the Trustee, as the case may be, may perform such alternative act that most
nearly carries out the intent and purpose of this Agreement. 
 9.6 Gender. Throughout this Agreement, and
whenever appropriate, the masculine gender shall be deemed to include the feminine and neuter; the singular, the plural; and vice versa. 
 IN WITNESS WHEREOF, the parties have executed this Agreement this
22nd day of January, 2008. 

 

									
	ATTEST:	 		 	PUBLIX SUPER MARKETS, INC.
					
	By:	 	/s/ Linda S. Kane	 		 	By:	 	/s/ William E. Crenshaw
		 	Linda S. Kane, Assistant Secretary	 		 		 	William E. Crenshaw, President

  

					
	WITNESSES:	 		 	TRUSTEE
			
	/s/ Deborah Mobley	 		 	/s/ Tina P. Johnson
		 		 	TINA P. JOHNSON
			
	/s/ Tori Mettler	 		 	 
	As to Tina P. Johnson	 		 	

  
 12

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