Document:

Seventh Amendment to Distribution Service Agreement dated May 11, 2006

 Exhibit 10.1 
 SEVENTH AMENDMENT TO DISTRIBUTION SERVICE AGREEMENT 
 THIS SEVENTH AMENDMENT TO DISTRIBUTION SERVICE
AGREEMENT (this “Amendment”) is made and entered effective as of May 11, 2006 (the “Seventh Amendment Effective Date” by and between The Pantry, Inc., a Delaware corporation (“Pantry”) and McLane Company, Inc., a
Texas corporation, d/b/a McLane Grocery Distribution (“McLane”). 
 WHEREAS, Pantry, Lil’ Champ Food Stores, Inc., a Florida
corporation (“Lil’ Champ”), and McLane entered into (i) a Distribution Service Agreement effective as of October 10, 1999, (ii) a First Amendment to Distribution Service Agreement effective as of June 28, 2001
(“First Amendment”), (iii) a Second Amendment to Distribution Service Agreement effective as of September 8, 2001 (“Second Amendment”), and (iv) a Third Amendment to Distribution Service Agreement effective as of
October 5, 2002 (“Third Amendment”); and Pantry (on behalf of itself and as successor-in-interest to all rights and obligations of Lil’ Champ) and McLane entered into (x) a Fourth Amendment to Distribution Service Agreement
effective as of October 16, 2003 (“Fourth Amendment”), (y) a Fifth Amendment to Distribution Service Agreement effective as of April 1, 2004 (“Fifth Amendment”), and (z) a Sixth Amendment to Distribution
Service Agreement effective as of April 21, 2005 (“Sixth Amendment”) (the October 10, 1999 Distribution Service Agreement, together with the First Amendment, Second Amendment, Third Amendment, October Fourth Amendment, Fifth
Amendment and Sixth Amendment are hereinafter referred to collectively as the “Service Agreement”); and 
 WHEREAS, Pantry and
McLane desire to further amend the Service Agreement; 
 NOW, THEREFORE, for and in consideration of the promises, covenants and conditions
contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged. Pantry and McLane do hereby agree as follows: 
 1. Defined Terms.    Capitalized terms not specifically defined in this Amendment shall have the meaning ascribed to them in the Service Agreement. 
 2. Amendment of Section 1.1.    Section 1.1 of the Service Agreement is hereby amended by adding the following new
sentence: 
 “Effective as of the Seventh Amendment Effective Date, the term “stores” shall further include those stores
acquired by Company from Shop-a-Snak Food Mart, Inc. on or about May 11, 2006, except that notwithstanding Section 2.1 of this Agreement McLane shall continue making twice-weekly deliveries to the following stores for a reasonable period
of time following the sixth Amendment Effective Date while Company transitions them to once-a-week delivery schedules (unless the store otherwise qualifies for twice a week deliveries under Section 2.4 of this Agreement). Those stores are the
stores operated by Shop-a-Snak prior to the Sixth Amendment Effective Date which it designated as stores #2, #7, #9, #10, #13, #15, #18, #22, #23, #26, #30, #32, #35, #36, #37, #38, and 342.” 
 3. Addition of New Section 3.6(d).    A new subsection (d) to Section 3.6 is hereby added to the Service
Agreement to read in its entirety as follows: 
 “(d) Within 10 days after the Seventh Amendment Effective Date, McLane
shall pay to Company an amount of $[***] ($[***] per Store per year, for 47.33 months remaining term of this Agreement), for those 38 Shop-a-Snak Stores acquired by Company from Shop-a-Snak Food Mart, Inc. Such amount shall be amortized over the
remainder of the term following the Seventh Amendment Effective Date using the straight-line method of amortization.” 

 4. Amendment of Exhibit A.    Exhibit A of the Service Agreement is hereby
amended to terminate the per-carton rebate amounts as to Alabama and provide the following new total amounts. 
  

							
	 STATE
	    	 TYPE
	 	 REBATE
	 	 
	 ALABAMA
	    	Branded	 	$[***]	 	
		    	Generic	 	$[***]	 	
		    	Sub-Generic	 	$[***]	 	

 As of the Seventh Amendment Effective Date, Section 4 of the Sixth Amendment shall terminate
as to all stores in Alabama and have no further applicability to them; and the foregoing provisions are hereby deemed amended to provide to that effect. 
 5. No Other Modifications.    Except as specifically modified by this Amendment, all terms and conditions of the Service Agreement shall remain fully applicable and in full force and effect.

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above, to be effective as of the Seventh
Amendment Effective Date. 
  

			
	THE PANTRY, INC.
		
	By:	 	    /S/    DAVID M.
ZABORSKI        
	 Printed Name: David M. Zaborski
 Title: SVP
 Date: 5/11/06

  

			
	 McLANE COMPANY, INC.
 d/b/a McLANE GROCERY DISTRIBUTION

		
	By:	 	    /S/    DAN
ELROD        
	 Printed Name: Dan Elrod
 Title: Director of Sales
 Date: 6/26/06

  

 [***] Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with the Commission. 

 

 2Description of UGI Corporation Senior Executive Severance Pay Plan - 07/25/06

 Exhibit 10.1 
 Description of UGI Corporation Senior Executive Employee 
 Severance Pay Plan, Amended July 25, 2006

 On July 25, 2006, the Board of Directors of UGI Corporation (the “Company”) approved an amendment to the UGI Corporation Senior Executive
Employee Severance Pay Plan (as amended, the “UGI Severance Plan”). The amended UGI Severance Plan became effective July 25, 2006 and is applicable to the Company’s named executive officers employed by the Company. 
 The UGI Severance Plan assists certain senior level employees of the Company, including Lon R. Greenberg, Anthony J. Mendicino and John L. Walsh, in the event their
employment is terminated without fault on their part. François Varagne is not entitled to severance benefits under the UGI Severance Plan. Specified benefits are payable to a senior executive covered by the UGI Severance Plan if the senior
executive’s employment is involuntarily terminated for any reason other than for cause or as a result of the senior executive’s death or disability. 
 The UGI Severance Plan provides for cash payments equal to a participant’s compensation, as defined in the UGI Severance Plan, for 6 months (12 months in the case of Mr. Walsh and 18 months in the case of Mr. Greenberg). In
addition, a participant receives the cash equivalent of his or her target bonus under the Company’s Annual Bonus Plan, pro-rated for the number of months served in the fiscal year. However, if the termination occurs in the last two months of
the fiscal year, the Chief Executive Officer has the discretion to determine whether the participant will receive a pro-rated target bonus, or the actual annual bonus which would have been paid after the end of the fiscal year, assuming that the
participant’s entire bonus was contingent on meeting the applicable financial performance goal. The UGI Severance Plan also provides for separation pay equal to one day’s pay per month of service, with a minimum payment equal to 3
months’ compensation and a maximum payment equal to 12 months’ compensation, in each case as defined in the UGI Severance Plan. 
 Certain employee
benefits, including medical and dental benefits, are continued under the UGI Severance Plan for a period not to exceed 18 months (24 months in the case of Mr. Walsh and 30 months in the case of Mr. Greenberg). The UGI Severance Plan also
provides for outplacement services for a period of 12 months following an executive’s termination of employment. Executives will be entitled to receive tax preparation services for their final year of employment under the UGI Severance Plan.
The Company has the option to pay a participant the cash equivalent of those employee benefits. Provided that the participant is eligible to retire, all payments under the UGI Severance Plan can be reduced by an amount equal to the fair market value
of certain equity-based awards, other than stock options, payable to the participant after the termination of employment. 

 In order to receive benefits under the UGI Severance Plan, a senior executive is required to execute a release which
discharges the Company and its affiliates from liability for any claims the senior executive may have against any of them, other than claims for amounts or benefits due to the executive under any plan, program or contract provided by or entered into
with the Company or its affiliates. The senior executive is also required to ratify post-employment activities agreements and to cooperate in attending to matters pending at the time of his or her termination of employment.Description of July 25, 2006 Amendment to Supplemental Executive Retirement Plan

 Exhibit 10.2 
 Description of July 25, 2006 Amendment to the 
 UGI Corporation Supplemental Executive Retirement Plan

 On July 25, 2006, the Board of Directors of UGI Corporation (the “Company”) approved an amendment to the UGI Corporation Supplemental
Executive Retirement Plan (as amended, the “UGI SERP”). The amendment became effective July 25, 2006 and is applicable to the Company’s named executive officers, other than François Varagne, employed by the Company or
certain subsidiaries or affiliates. 
 The UGI SERP provides supplemental retirement benefits to certain senior level employees of the Company, including Lon
R. Greenberg, Anthony J. Mendicino and John L. Walsh, and certain employees of its subsidiaries and affiliates. Benefits payable under the UGI SERP shall be paid in the form of a lump sum payment upon a participant’s termination of employment
with the Company and its subsidiaries and affiliates. Except in the case of a change in control, accrual of benefits under the UGI SERP shall immediately cease upon a participant’s retirement or termination of employment with the Company and
its subsidiaries and affiliates.

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