Document:

Exhibit 10.50

Exhibit 10.50

SECOND AMENDMENT TO THE
ADVANCE AUTO PARTS, INC.
EMPLOYEE STOCK PURCHASE PLAN
(As Amended and Restated Effective as of May 15, 2012)

WHEREAS, Advance Auto Parts, Inc., a Delaware Corporation, (the “Company”), sponsors the Advance Auto Parts, Inc. Employee Stock Purchase Plan (the “Plan”) to encourage and enable eligible employees of the Company and its participating subsidiaries the opportunity to acquire a proprietary interest in the Company through the purchase of the Company’s stock at a discount; and
WHEREAS, the Committee under the Advance Auto Parts, Inc. Employee Stock Purchase Plan has authorized and approved a change in the record keeper for the Plan; and
WHEREAS, as a result of such change, shares purchased under the Plan ...transferred to brokerage accounts established on behalf of Participants; and
WHEREAS, in connection with the brokerage account arrangement, Participants will be allowed to elect to receive dividends on their shareholdings in cash in lieu of reinvestment in additional shares; and
WHEREAS, the Compensation Committee of the Board of Directors of the Company has authorized and approved an amendment of the Plan to reflect the change to the brokerage account arrangement and to allow for cash payment of dividends.
NOW, THEREFORE, in consideration of the foregoing, the Plan is hereby amended as prescribed below, effective as of December 31, 2014.
1.The terms “Brokerage Account” and “Plan Brokerage Firm,” as prescribed below, are substituted for the definitions of “Custodial Account” and “Custodian” in subsections (i) and (j) of Section 2 of the Plan.

“SECTION 2.  DEFINITIONS.  For purposes of the Plan, the following terms shall have the following meanings:
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(i)    “Brokerage Account” means the account maintained with the Plan Brokerage Firm on behalf of the Participating Employee to which shares purchased under Section 9 will be transferred.
(j)    “Plan Brokerage Firm” means the qualified stock brokerage or other financial services firm selected by the Committee to hold shares purchased under Section 9 on behalf of the Participating Employees.”

2.Section 9 of the Plan is revised to read as prescribed below.

“SECTION 9.  EXERCISE OF PURCHASE RIGHT.  
(a)General Rule.  As soon as practicable after the Purchase Date of each Offering Period, the Company will purchase the number of whole shares (and any fractional share) of Stock that may be purchased with the amounts credited to each Participating Employee's Account as of such Purchase Date. Prior to an Offering Period the Committee may, at its discretion, determine that cash in an amount representing the price of any fractional share instead shall be refunded or carried over to the next Offering Period provided that such determination shall apply uniformly to all Participating Employees for that Offering Period.  No Participating Employee (or any person who makes a claim through a Participating Employee) will have any interest in any shares of Stock until such shares have been purchased on behalf of the Participating Employee and recorded in the books and records of the Company. 

(b)Delivery of Stock.  Promptly following the purchase of shares of Stock by the Company, the shares will be transferred to the Plan Brokerage Firm and deposited in a Brokerage Account established on behalf of the Participating Employee.

(c)Dividends.  Any dividends paid with respect to shares credited to a Participating Employee's Brokerage Account will be paid in cash except where the Participating Employee voluntarily elects to reinvest such dividends in additional shares in accordance with such rules or procedures as may be established by the Plan Brokerage Firm. Dividends reinvested in additional shares will be purchased by the Plan Brokerage Firm in the open market (or by some other means as determined by the Plan Brokerage Firm).”

3.Section 14 of the Plan is revised to read as prescribed below.

 “SECTION 14.  AMENDMENT OR TERMINATION.  This Plan may be amended by the Board from time to time to the extent that the Board deems necessary or appropriate.  The Board also may terminate this Plan or any offering made under this Plan at any time.  Any amendment or termination is subject to the following limitations, however:
(a)No amendment will be made without the prior approval of the stockholders of the Company if the amendment will (1) increase the number of shares available for purchase under the Plan or (2) materially modify the eligibility conditions or increase the benefits available to Eligible Employees under the Plan.

(b)No amendment will reduce the amount of a Participating Employee's Account balance.

(c)No amendment will be made which will cause the Plan to not satisfy the requirements under Section 423 of the Code.”

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Pursuant to the authority granted by the Compensation Committee of the Board of Directors of Advance Auto Parts, Inc. under its resolutions adopted on October 31, 2014, the undersigned hereby executes this Second Amendment to the Advance Auto Parts, Inc. Employee Stock Purchase Plan on behalf of Advance Auto Parts, Inc. 

ADVANCE AUTO PARTS, INC.

By:____________________________________    
Tammy Finley
Senior Vice President, Human Resources 

Dated:     ______________, 2014Exhibit 10.51 1 3 15

Exhibit 10.51

FOURTH AMENDMENT TO THE
ADVANCE AUTO PARTS, INC.
DEFERRED COMPENSATION PLAN
(As Amended and Restated Effective as of January 1, 2008)
WHEREAS, Advance Auto Parts, Inc., a Delaware Corporation, (the “Company”), sponsors the Advance Auto Parts, Inc. Deferred Compensation Plan (the “Plan”) to allow eligible Team Members to elect to defer the receipt and taxation of a portion of their compensation; and
WHEREAS, it is the desire of the Company to amend the Plan clarify that a Participant’s election to extend the commencement of payment from the Participant’s account under the Plan may be revoked prior to the election deadline.
NOW, THEREFORE, in consideration of the foregoing, Section 5.8(d) of the Plan is amended to read as prescribed below, effective as of January 1, 2014.
Section 5.8    Extension of Specified Time Deferral Period.  Section 3.5(b) of the Plan permits a Participant to select a Deferral Period of a stated period of calendar years (i.e., a “Specified Time Deferral Period”).  In this connection, a Participant shall be permitted to extend a Specified Time Deferral Period with respect to a Deferral Account, subject to the conditions set forth below.
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‎(d)‎    Any election to extend a Specified Time Deferral Period must be made at least 12 months ‎prior to the designated payment date (as prescribed in Section 5.5(a)) for the first ‎scheduled payment from the applicable Deferral Account.‎  A deferral extension election may be modified or revoked prior to such deadline date.  If not modified or revoked, the election will generally become irrevocable as of such deadline date.
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Pursuant to the authority granted by the Compensation Committee of the Board of Directors of Advance Auto Parts, Inc., the undersigned hereby executes this Advance Auto Parts, Inc. Deferred Compensation Plan on behalf of Advance Auto Parts, Inc. 

ADVANCE AUTO PARTS, INC.

By:____________________________________    
Tammy M. Finley
Senior Vice President, Human Resources

Dated: __________________________, 2014Exhibit 10.52 1 3 15

Exhibit 10.52

FOURTH AMENDMENT TO THE
ADVANCE AUTO PARTS, INC.
DEFERRED STOCK UNIT PLAN FOR NON-EMPLOYEE DIRECTORS AND SELECTED EXECUTIVES
(As Amended and Restated Effective as of January 1, 2008)
WHEREAS, Advance Auto Parts, Inc., a Delaware Corporation, (the “Company”), sponsors the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives (the “Plan”) to allow Eligible Individuals to elect to defer the receipt and taxation of a portion of their compensation; and
WHEREAS, it is the desire of the Company to amend the Plan to provide for the following purposes:

		
	1.
	To reflect the granting of shares of Company stock under the 2014 Long-Term Incentive Plan;

		
	2.
	To clarify that a Participant’s election to extend the commencement of payment from the Participant’s account under the Plan may be revoked prior to the election deadline; and

		
	3.
	To modify the vesting for non-elective DSU share grants.

NOW, THEREFORE, in consideration of the foregoing, the Plan is hereby amended in the manner and as of the dates prescribed below.

1.Sections 2.35 and 3.11 of the Plan are revised to read as prescribed below, effective as of January 1, 2014.

Section 2.35    Shares Grant.  “Shares Grant” means the grant of Shares, if any, awarded by the Company to a Director as authorized by the Company’s 2004 Long Term Incentive Plan (“2004 LTIP”) or the 2014 Long-Term Incentive Plan (“2014 LTIP”).
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Section 3.11    Non-Elective LTIP Shares Grant Deferrals.
(a)    Each Shares Grant awarded to a Director under the 2004 LTIP or the 2014 LTIP shall be automatically deferred under the Plan on a non-elective basis, and shall be credited to the Director’s DSU Account.
(b)    A Director who receives a Shares Grant for any Board Service Period shall be deemed to have made the same election as to the timing and form of payment of the DSU Account to which the Shares Grant is credited as the election that was made (or which was deemed to have been made pursuant to Section 3.10 above) in connection with the deferral of the Director’s Retainer for such Board Service Period.  In the event the Director did not make (and is not deemed to have made) a Deferral Election for such Board Service Period, then the Director shall be deemed to have elected to have the balance of the DSU Account pertaining to such Shares Grant paid in a lump sum upon Retirement.
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2.Section 5.8(d) of the Plan is amended to read as prescribed below, effective as of January 1, 2014.
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Section 5.8    Extension of Specified Time Deferral Period.  Section 3.5(b) of the Plan permits a Participant to select a Deferral Period of a stated period of calendar years (i.e., a “Specified Time Deferral Period”).  In this connection, a Participant shall be permitted to extend a Specified Time Deferral Period with respect to a DSU Account, subject to the conditions set forth below.
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	‎(d)‎
	Any election to extend a Specified Time Deferral Period must be made at least 12 months ‎prior to the designated payment date (as prescribed in Section 5.5(a)) for the first ‎scheduled payment from the applicable DSU Account.‎  A deferral extension election may be modified or revoked prior to such deadline date.  If not modified or revoked, the election will generally become irrevocable as of such deadline date.

3.Section 11.3 of the Plan is amended to read as prescribed below, effective as of May 1, 2014.
Section 11.3    Vesting. 
		
	‎(a)‎
	The Type 1 and Type 2 DSUs that are granted to a Director for any Board Service Period (if any) will become fully vested on May 1 following the commencement of the Board Service Period, provided that the Director’s service as a member of the Board does not end prior to that date. ‎

		
	‎(b)‎
	If a Director’s service as a member of the Board ends prior to May 1 following the commencement of a Board Service Period, then the Type 1 and Type 2 DSU Shares granted to ‎the Director for such Board Service Period (if any) will vest on the cessation of service date on a ‎pro-rata basis.  The pro-rata vesting will be based on a fraction:  the numerator of which is ‎the number of full or partial months of the Director’s service on the Board prior to the ‎cessation of such service (measured from the date of commencement of the Board ‎Service Period), and the denominator of which is twelve.‎

		
	‎(c)‎
	Notwithstanding subsection (b) above, a Director whose service as a member of the Board ‎ends due to death or having become Disabled, or upon a Qualified Change in Control ‎Event, will become fully vested upon such cessation of service.‎

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Pursuant to the authority granted by the Compensation Committee of the Board of Directors of Advance Auto Parts, Inc., the undersigned hereby executes this Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives on behalf of Advance Auto Parts, Inc. 

ADVANCE AUTO PARTS, INC.

By:_______________________________________    
Tammy M. Finley
Senior Vice President, Human Resources

Dated: ______________________________, 2014

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