Document:

Amendment No. 2 to Change of Control Severance Agreement, Lon F. Povich

 Exhibit 10.17e 
 BJ’S WHOLESALE CLUB, INC. 
 AMENDMENT NO. 2 TO CHANGE IN
CONTROL SEVERANCE AGREEMENT 
 This Amendment No. 2 to Change in Control Severance Agreement (the
“Amendment”) between BJ’s Wholesale Club, Inc. (the “Company”) and Lon F. Povich (“Executive”) is made as of March 24, 2011. 
 WHEREAS, the Company and Executive entered into a Change in Control Severance Agreement dated June 1, 2007, as amended on March 25, 2010 (as so amended, the “Agreement”).

 WHEREAS, the parties desire to further amend the Agreement to provide that the “excess parachute payment”
excise tax cut-back provisions included in the Agreement will apply only if Executive would be better off on an after-tax basis after such cut-back. 
 NOW, THEREFORE, for valuable consideration, receipt of which is acknowledged, the parties agree as follows: 
 1. Section 1.3 of the Agreement is deleted in its entirety and replaced by the following: 
 “Coordination With Certain Tax Rules. 
 In the event
that the Company undergoes a Change in Ownership or Control (as defined below), the Company shall not be obligated to provide to Executive a portion of any Contingent Compensation Payments (as defined below) that Executive would otherwise be
entitled to receive to the extent necessary to eliminate any Excess Parachute Payments (as defined below) for Executive. For purposes of this Section 1.3, the Contingent Compensation Payments so eliminated shall be referred to as the
“Eliminated Payments” and the aggregate amount (determined in accordance with Treasury Regulation Section 1.280G-1, Q/A-30 or any successor provision) of the Contingent Compensation Payments so eliminated shall be referred to as the
“Eliminated Amount.” Notwithstanding any other provision of this Agreement, if the Eliminated Amount for Executive equals or exceeds the sum of: 
 (i) the Threshold Amount (as defined below), plus 
 (ii) the Income
Tax Payable on the Eliminated Amount (as defined below), plus 
 (iii) the Excise Tax Payable on Excess Parachute
Payments (as defined below), no portion of any Contingent Compensation Payments shall be eliminated for Executive. 
 For purposes of this Section 1.3, the following terms shall have the following respective meanings: 

 “Change in Ownership or Control” shall mean a change in the
ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the Company determined in accordance with Section 280G(b)(2) of the Code. 

“Contingent Compensation Payments” shall mean any payment (or benefit) in the nature of compensation that is
made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G
(b) (2) (A) (i) of the Code) on a Change in Ownership or Control of the Company. 

“Excess Parachute Payments” shall mean “excess parachute payments” as defined in
Section 280G(b)(1) of the Code before taking into account the Eliminated Amount, if otherwise applicable. 

“Threshold Amount” shall mean $25,000. 

“Income Tax Payable on the Eliminated Amount” shall mean the Eliminated Amount (determined without regard to
whether any Contingent Compensation Payments are actually eliminated) multiplied by the highest combined marginal federal, state and local income tax rate in effect for the taxable year, taking into account the phase-out of itemized deductions and
the federal Medicare tax. 
 “Excise Tax Payable on Excess Parachute Payments” shall mean the tax
imposed by Section 4999(a) of the Code on Excess Parachute Payments. 
 Within 45 days after each date on
which Executive first becomes entitled to receive (whether or not then due) payments or benefits relating to a Change in Ownership or Control, the Company, at its expense, shall engage a nationally recognized law firm or a nationally recognized
accounting firm, which may be the regular law firm or accounting firm of the Company (the “280G Firm”), to determine (i) which of such payments and benefits constitute Contingent Compensation Payments, (ii) the Eliminated Amount
and (iii) the Eliminated Payments. To identify the Eliminated Payments, the 280G Firm shall determine the “Contingent Compensation Payment Ratio” (as defined below) for each Contingent Compensation Payment and then reduce the
Contingent Compensation Payments in order beginning with the Contingent Compensation Payments with the highest Contingent Compensation Payment Ratio. For Contingent Compensation Payments with the same Contingent Compensation Payment Ratio, such
Contingent Compensation Payments shall be reduced based on the time of payment of such Contingent Compensation Payments, with amounts having later payment dates being reduced first. For Contingent Compensation Payments with the same Contingent
Compensation Payment Ratio and the same time of payment, such Contingent Compensation Payments shall be reduced on a pro rata basis (but not below zero) prior to reducing Contingent Compensation Payments with a lower Contingent Compensation Payment
Ratio. The term “Contingent Compensation Payment Ratio” shall mean a fraction, the numerator of which is the value of the applicable Contingent Compensation Payment that must be taken into account at the change in control date for purposes
of Section 280G of the Code, and the denominator of which is the present value at the change in control date of the actual amount to be received in respect of the applicable payment (e.g., in the case of equity grants, the denominator
shall be determined by reference to the fair market value of the equity at the relevant dates and not in 

 
accordance with the methodology for accelerated payments set forth in Treasury Regulation Section 1.280G-1Q/A 24(b) or (c)). 

Within 30 days after each date on which Executive first becomes entitled to receive (whether or not then due) payments or
benefits relating to such Change in Ownership or Control, the Company shall provide notice to Executive with reasonable detail of (i) which payments and benefits constitute Contingent Compensation Payments, (ii) the Eliminated Amount
and (iii) the Eliminated Payments. 
 In the event of any underpayment or overpayment hereunder, as
determined by the 280G Firm, the amount of such underpayment or overpayment shall within 30 days of such determination be paid to Executive or refunded to the Company, as the case may be, with interest at the applicable federal rate provided for in
Section 7872(f)(2) of the Code.” 
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date
first above written. 
  

									
	EXECUTIVE:	 		 	BJ’S WHOLESALE CLUB, INC.
				
	/s/ Lon F. Povich	 		 	By:	 	/s/ Laura J. Sen
	Lon F. Povich	 		 		 	Laura J. Sen
	 Executive Vice President and
 General Counsel
	 		 		 	President and Chief Executive OfficerAddendum to Employment Agreement, Christina M. Neppl-Totino

 Exhibit 10.18b 
 BJ’S WHOLESALE CLUB, INC. 
 ADDENDUM TO EMPLOYMENT
AGREEMENT 
 This Addendum to Employment Agreement is entered into this 18th day of December, 2009, by and between
BJ’s Wholesale Club, Inc. (the “Company”) and Christina M. Neppl (the “Executive”): 
 W I T N E S
S E T H 
 WHEREAS Company and Executive entered into an Employment Agreement dated January 15, 2008 (the
“Agreement”); and 
 WHEREAS Section 7.4 of the Agreement provides that it may be amended by a written instrument
executed by both parties; and 
 WHEREAS Company and Executive wish to modify the terms of the Agreement to conform with
Section 409A of the Internal Revenue Code and to provide for the renewal of such Agreement. 
 NOW THEREFORE, in
consideration of the mutual covenants contained herein, the parties agree to modify the Agreement as follows: 
 1.
Section 1.1(b) of the Agreement is amended to read as follows: 
 “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.” 
 2. The following new Section 3.6 is added to the Agreement immediately after Section 3.5: 
 “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 

  
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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.” 

3. Except as modified by this Addendum, all other provisions of the Employment Agreement remain in full force and effect. 

  
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 IN WITNESS WHEREOF, the parties hereto being duly authorized have executed this Addendum to
be effective as of the date first set forth above. 
  

			
	EXECUTIVE	 	BJ’S WHOLESALE CLUB, INC.
		
	By: /s/ Christina M. Neppl                      
	 	By: /s/ Laura J. Sen
                          
		
	Dated: 12/18/09         	 	Dated: 12/21/09        

  
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