Document:

Exhibit 10-C
    

    WEIS
MARKETS, INC.

    DEFERRED
COMPENSATION PLAN

    FOR
PHARMACISTS

    

    As
Amended and Restated Effective January 1, 2005

    
      
         

      

      
         

        
          

        

      

      
         

      

    
 

     ARTICLE
1. PURPOSES

     

    1.01
Purposes.

     

    The
purposes of the Weis Markets, Inc. Deferred Compensation Plan for Pharmacists
(“Plan”) are to permit pharmacists who are highly compensated employees to defer
current compensation which cannot be redirected into the Company’s 401(k) Plan,
and to further supplement retirement benefits payable under the qualified
retirement plans of the Company.  This Plan is designed to provide
retirement benefits and salary deferral opportunities because of the limitations
imposed by the Internal Revenue Code and the Regulations implemented by the
Internal Revenue Service.

     

    The Plan
is intended to be an unfunded deferred compensation arrangement for a select
group of management or highly compensated employees for purposes of Title I of
the Employee Retirement Income Security Act and is intended to comply with
Section 409A of the Internal Revenue Code.

     

    1.02
Effective Date. 

     

    The Plan
was originally established effective January 1, 2003.  This document
sets forth the terms of the Plan as amended and restated effective as of January
1, 2005 to comply with the requirements of Code Section 409A.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            1

            
              

            

          

          
             

          

        

    

    ARTICLE
2. DEFINITIONS AND CONSTRUCTION OF THE PLAN DOCUMENT

     

    2.01
Definitions.

     

    As used
herein, the following words and phrases shall have the meanings specified below
unless a different meaning is clearly required by the context:

     

    Account
means the deferred compensation account maintained for each Participant in
accordance with Article 6 and which includes the following
subaccounts:

     

    
      
        	
                (a)

              	
                Compensation
      Deferral Account means the portion of the Participant's Account
      attributable to Compensation Deferrals, and the earnings
      thereon.

              

      

    

     

    
      
        	
                (b)

              	
                Employer
      Discretionary Account means the portion of the Participant's
      Account attributable to Employer Discretionary Credits, and the earnings
      thereon.

              

      

    

     

    
      
        	
                (c)

              	
                Employer
      Matching Account means the portion of the Participant's Account
      attributable to Employer Matching Credits, and the earnings
      thereon.

              

      

    

     

    
      
        	
                (d)

              	
                Employer
      Profit-Sharing Account means the portion of the Participant's
      Account attributable to Employer Profit-Sharing Credits, and the earnings
      thereon.

              

      

    

     

    Beneficiary
means the person or persons or the estate of a Participant entitled to receive
benefits under this Plan in the event of the Participant’s death.

     

    Board of
Directors means the Weis Markets, Inc. Board of Directors.

     

    Committee
means the Weis Markets, Inc. Retirement Committee.

     

    Company
means Weis Markets, Inc. its successors, and any organization into which or with
which the Company may merge or consolidate or to which all or substantially all
of its assets may be transferred.

     

    Compensation
means remuneration from the Company reportable on IRS Form W-2, together with
any salary reduction contributions under this Plan, the 401(k) Plan or any
cafeteria plan under Section 125 of the Internal Revenue Code, but excluding any
sick pay.

     

    Compensation
Deferrals means the portion of a Participant’s Compensation that has been
deferred pursuant to the Plan.

     

    Eligible
Employee means an employee of the Company who has been designated by the
Committee pursuant to Article 3 as eligible to make contributions to the
Plan.

     

    401(k)
Plan means
the Weis Markets, Inc. Retirement Savings Plan, as it may be amended from time
to time, and any successor plan.

     

    Participant
means an Eligible Employee who is participating in the Plan.

     

    Participating
Employer means Weis Markets, Inc., and any of its participating
subsidiaries or affiliated companies authorized by the Board of Directors or the
Committee to participate in this Plan.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            2

            
              

            

          

          
             

          

        

    

    Plan means
the Weis Markets, Inc. Deferred Compensation Plan for Pharmacists described in
this instrument, as it may be amended from time to time.

     

    Profit Sharing
Plan means the Weis Markets, Inc. Profit Sharing Plan, as it may be
amended from time to time, and any successor plan.

     

    Retirement
Age A Participant will have reached Retirement Age if he or she
terminates service after attaining either

     

    
      
        	
                (a)

              	
                “Normal
      Retirement Age” under the Profit Sharing Plan – age 65;
  or

              

      

    

     

    
      
        	
                (b)

              	
                Effective
      on and after January 1, 2008, “Early Retirement Age” under the Profit
      Sharing Plan – age 60 and completing at least 5 years of
      service.

              

      

    

     

    Termination of
Service or similar expression means the termination of the Participant’s
employment from the Weis Markets Controlled Group.

     

    Total
Disability or Totally
Disabled.  A Participant will be considered to be Total
Disabled if he or she meets one of the following requirements:

     

    
      
        
          	
                  (a)

                	
                  The
      Participant is unable to engage in any substantial gainful activity by
      reason of any medically determinable physical or mental impairment that
      can be expected to result in death or can be expected to last for a
      continuous period of not less than twelve (12)
  months.

                

        

      

    

     

    
      
        	
                (b)

              	
                The
      Participant is, by reason of any medically determinable physical or mental
      impairment that can be expected to result in death or can be expected to
      last for a continuous period of not less than twelve (12) months,
      receiving income replacement benefits for a period of not less than three
      (3) months under an accident and health plan covering employees of a
      Participating Employer.

              

      

    

     

    
      
        	
                (c)

              	
                The
      Participant is determined to be totally disabled by the Social Security
      Administration.

              

      

    

     

    Weis Markets
Controlled Group means the Participating Employers and any corporation
which is a member of a controlled group of corporations (as defined in Code
Section 414(b)) which includes a Participating Employer and any trade or
business (whether or not incorporated) which is under common control (as defined
in Code Section 414(c)) with a Participating Employer.

     

    2.02
Gender and Number. 

     

    Wherever
the context so requires, masculine pronouns include the feminine and singular
words shall include the plural.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            3

            
              

            

          

          
             

          

        

    

    ARTICLE
3. ELIGIBILITY AND PARTICIPATION

     

    3.01 Eligibility.

     

    Eligibility
to participate in this Plan is limited to employees determined by the Committee
to be

     

    
      
        	
                (a)

              	
                employed
      by the Company as licensed pharmacists or as pharmacy supervisors,
      and

              

      

    

     

    
      
        	
                (b)

              	
                who
      are “highly compensated employees” within the meaning of Section 414(q) of
      the Internal Revenue
Code.  

              

      

    

     

    3.02
Participation. 

     

    An
Eligible Employee, after having been selected for participation by the
Committee, shall continue to participate until his employment with a
Participating Employer terminates, or such earlier date as of which the
Committee suspends his participation.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            4

            
              

            

          

          
             

          

        

      

       

    

    ARTICLE
4. DEFERRAL OF COMPENSATION

     

    4.01
Election to Defer Compensation. 

     

    Effective
on and after July 1, 2004, an Eligible Employee may elect to defer receipt of
Compensation as follows:

     

    
      
        	
                (a)

              	
                General
      Rule.  Except as otherwise provided in this Section, an
      election to defer receipt of Compensation for services to be performed
      during a calendar year must be made no later than the December 31
      preceding the calendar year during which the Participant will perform
      services.

              

      

    

     

    
      
        	
                (b)

              	
                First Year of
      Eligibility.  In the case of the first year in which an
      employee becomes eligible to participate in the Plan, an initial deferral
      election must be made not later than thirty (30) days after the date the
      employee becomes eligible to participate in the Plan.  Such
      election shall apply only with respect to compensation paid for services
      to be performed subsequent to the
election.

              

      

    

     

    This
paragraph will not apply to an Eligible Employee who is a participant in any
other account balance deferred compensation plans maintained by any member of
the Weis Markets Controlled Group which is required to be aggregated with this
Plan under Code Section 409A.

     

    4.02
Amount of Compensation Deferral.

     

    A
Participant may elect to defer receipt of up to 50% of his Compensation for a
calendar year.

     

    4.03
Election of Form of Payment of Retirement Distribution.

     

    
      
        	
                (a)

              	
                A
      Participant may elect to have the amounts credited to his or her Account
      for a particular Plan Year, and any earnings thereon, distributed
      following his Termination of Service at or after Retirement Age in one of
      the following methods:  a lump sum, installments over a period
      of five (5) years, or installments over a period of ten (10)
      years.  Notwithstanding the foregoing, such election shall be
      subject to the special Code Section 409A transition rules set forth in
      Section 13.14 below.

              

      

    

     

    
      
        	
                (b)

              	
                Such
      election shall be made each year at the same time the Participant makes
      the deferral election in accordance with Section 4.01 for that Plan
      Year.

              

      

    

     

    
      
        	
                (c)

              	
                If
      the Participant does not make a distribution election with respect to a
      particular Plan Year, then he or she will be deemed to have elected to
      receive amounts credited to his or her Account for that year in a single
      lump sum payment.

              

      

    

     

    4.04
Cancellation of Deferral Election.

     

    
      
        	
                (a)

              	
                The
      Committee may permit a Participant to cancel a deferral election during a
      calendar year if it determines either of the following circumstances has
      occurred:

              

      

    

     

    
      
        	
              	
                (i)

              	
                The
      Participant has an “unforeseeable emergency” or a hardship distribution
      pursuant to Treasury Regulation §1.401(k)-1(d)(3) from a 401(k) plan
      sponsored by a Participating Employer.  For purposes of this
      clause (i), an “unforeseeable emergency” is a severe financial hardship to
      the Participant resulting from an illness or accident of the Participant,
      the Participant’s spouse, or the Participant’s dependent (as defined in
      Code Section 152(a)); loss of the Participant’s property due to casualty
      (including the need to rebuild a home following damage to a home not
      otherwise covered by insurance); or other similar extraordinary and
      unforeseeable circumstances arising as a result of events beyond the
      control of the Participant.

              

      

    

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            5

            
              

            

          

          
             

          

        

    

    If
approved by the Committee, such cancellation shall take effect as of the first
payroll period next following approval by the Committee.

     

    
      	
               
      

            	
              (ii)

            	
              The
      Participant incurs a disability.  If approved by the Committee,
      such cancellation shall take effect no later than the end of the calendar
      year or the 15th day of the third month following the date Participant
      incurs a disability.  Solely for purposes of this clause (ii), a
      disability refers to any medically determinable physical or mental
      impairment resulting in the Participant’s inability to perform the duties
      of his or her position or any substantially similar position, where such
      impairment can be expected to result in death or can be expected to last
      for a continuous period of not less than six
  months.

            

    

     

    
      
        	
                (b)

              	
                If
      a Participant cancels a deferral election during a calendar year, he or
      she will not be permitted to make a new deferral election with respect to
      Compensation relating to services performed during the same calendar
      year.

              

      

    

     

    4.05
General Rules Applicable to Elections. 

     

    Elections
under this Article 4 shall be made in the form, manner, and in accordance with
the notice requirements, prescribed by the Committee.  Except as
otherwise provided in this Plan, the elections made by a Participant with
respect to Compensation Deferrals for a calendar year shall become irrevocable
as of the last date on which such election can be made for the calendar year
pursuant to this Article 4.

     

    4.06
Compensation Deferral Account.

     

    
      
        	
                (a)

              	
                The
      amount of Compensation deferred by a Participant shall be credited to the
      Participant’s Compensation Deferral Account as soon as possible following
      the date such Compensation  would, but for the Participant’s
      deferral election, be payable to the
  Participant.

              

      

    

     

    
      
        	
                (b)

              	
                The
      Compensation Deferrals, and the earnings thereon, credited to the
      Participant’s Compensation Deferral Account shall be immediately 100%
      vested and nonforfeitable at all
times.

              

      

    

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            6

            
              

            

          

          
             

          

        

    

    ARTICLE
5. EMPLOYER CREDITS

     

    5.01
Profit-Sharing Credits. 

     

    
      
        	
                (a)

              	
                Effective
      on and after January 1, 2003, as of each date the Company makes a
      contribution under the Profit Sharing Plan, the Company shall credit each
      eligible Participant with the amount, if any, that would have been
      allocated to the Participant’s Profit Sharing Plan account
    if

              

      

    

     

    
      	
               
      

            	
              (i)

            	
              he
      had not been excluded from participation in the Profit Sharing
      Plan,

            

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      Company had increased its Profit Sharing Plan contribution by the amount
      of the Participant’s allocation,
and

            

    

     

    
      	
               
      

            	
              (iii)

            	
              the
      Internal Revenue Code provisions limiting his Profit Sharing Plan
      allocation did not apply.

            

    

     

    
      
        	
                (b)

              	
                A
      Participant shall not be eligible to have Employer Profit-Sharing Credits
      credited to his or her Account for a Plan Year
  unless

              

      

    

     

    
      	
               
      

            	
              (i)

            	
              the
      Participant has completed at least one year of service (as defined in the
      Profit Sharing Plan); and

            

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      Participant is continuously employed by a Participating Employer as an
      active employee during the entire Plan Year (or if shorter, during the
      portion of the Plan Year commencing as of the date he or she was first
      designated as eligible to participate in the
  Plan).

            

    

     

    5.02
Employer Matching Credits. 

     

    
      
        	
                (a)

              	
                Effective
      on and after July 1, 2004, as of each December 31 of each plan year for
      which the Company makes an employer matching contribution under the 401(k)
      Plan, the Company shall credit each eligible Participant with the amount,
      if any, that would have been allocated to the Participant's Employer
      Matching Contribution account under the 401(k) Plan
  if

              

      

    

     

    
      	
               
      

            	
              (i)

            	
              he
      had not been excluded from eligibility to receive an Employer Matching
      Contribution under the 401(k) Plan;

            

    

     

    
      	
               
      

            	
              (ii)

            	
              he
      contributed the amount that he actually contributed to the 401(k) Plan
      during the plan year;

            

    

     

    
      	
               
      

            	
              (iii)

            	
              he
      received compensation during the plan year equal to compensation as that
      term is defined in the 401(k) Plan;
and

            

    

     

    
      	
               
      

            	
              (iv)

            	
              the
      Company made the employer matching contribution under the 401(k) Plan
      employer matching contribution formula on an annual basis as of December
      31.

            

    

     

    
      
        	
                (b)

              	
                A
      Participant shall not be eligible to have Employer Matching Credits
      credited to his or her Account for a Plan Year
  unless

              

      

    

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            7

            
              

            

          

          
             

          

        

    

    
      	
               
      

            	
              (i)

            	
              the
      Participant has completed at least one year of service (as defined in the
      401(k) Plan); and

            

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      Participant is continuously employed by a Participating Employer as an
      active employee (A) during the entire Plan Year (or if shorter, during the
      portion of the Plan Year commencing as of the date he or she was first
      designated as eligible to participate in the Plan) or (B) during the Plan
      Year until his or her death, Total Disability, or Retirement
      Age.

            

    

     

    5.03
Employer Discretionary Credits. 

     

    The Board
of Directors, in its sole discretion, may at any time approve the crediting of
additional amounts to the Account(s) of one or more Participants.

     

    5.04
Vesting of Employer Credits. 

     

    
      
        	
                (a)

              	
                Vesting of Employer
      Profit-Sharing Account, and Employer Matching
      Account.  Except as provided in paragraph (c) and subject
      to Article 9, the amounts credited to a Participant’s Employer
      Profit-Sharing Account, Employer Matching Account and ESOP Account shall
      become vested to the extent his or her Profit Sharing Plan account is
      vested (or would have been vested if he had not been excluded from the
      Profit Sharing Plan).

              

      

    

     

    
      
        	
                (b)

              	
                Vesting in Employer
      Discretionary Account.  Except as provided in paragraph
      (c) and subject to Article 9, the amounts credited to a Participant’s
      Employer Discretionary Account shall become vested in accordance with such
      vesting schedule and requirements as may be adopted by the
      Committee.

              

      

    

     

    
      
        	
                (c)

              	
                Vesting Upon Change of
      Control.  All participants shall be vested fully in their
      Account values in the event of a Change of Control of the
      Company.

              

      

    

     

    For
purposes of this Section, “Change of Control” means

     

    
      	
               
      

            	
              (i)

            	
              acquisition
      of the beneficial ownership of at least 51% of the voting securities of
      Weis Markets, Inc. by any individual or other person or group of persons
      who have agreed to act together for the purpose of acquiring, holding,
      voting or disposing of such securities;
or

            

    

     

    
      	
               
      

            	
              (ii)

            	
              any
      merger or consolidation of Weis Markets, Inc., or transfer of all or
      substantially all of its assets to a buyer, in which stockholders of Weis
      Markets, Inc. before such merger, consolidation or transfer do not own
      more than 51% of the outstanding voting power of the surviving entity
      following such transaction.

            

    

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            8

            
              

            

          

          
             

          

        

    

    ARTICLE
6. PARTICIPANT ACCOUNTS

     

    6.01
Participants’ Accounts. 

     

    The
Company shall establish and maintain a separate memorandum account in the name
of each Participant.  Such account shall be credited or charged with
(a) the Participant’s Compensation Deferrals, if any; (b) Employer
Profit-Sharing Credits, if any; (c) Employer Matching Credits, if any; (d)
Employer Discretionary Credits, if any; (e) income, gains, losses, and expenses
of investments deemed held in such account; and (f) distributions from such
account.

     

    6.02
Investment of Accounts.

     

    
      	
              (a)

            	
              The
      amount credited to a Participant’s Account shall be deemed to be invested
      and reinvested in life insurance, annuities, mutual funds, stocks, bonds,
      securities, and any other assets or investment vehicles, as may be
      selected by the Committee in its sole
  discretion.

            

    

     

    
      	
              (b)

            	
              A
      Participant, by electing to participate in this Plan, agrees on behalf of
      himself or herself and his or her designated beneficiaries, to assume all
      risk in connection with any increase or decrease in value of the
      investments that are deemed to be held in his or her
      account.  Each Participant further agrees that the Committee and
      the Participating Employers shall not in any way be held liable for any
      investment decisions or for the failure to make any investments by the
      Committee.

            

    

    
       

      
        Weis
Markets, Inc.

        Deferred
Compensation Plan for Pharmacists

        As
amended and restated effective 1/1/2005

         

      

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    ARTICLE
7. DISTRIBUTION

     

    7.01
Distribution Following Termination of Service. 

     

    
      
        	
                (a)

              	
                Termination of Service Prior to
      Retirement Age.  In the event that a Participant
      Terminates Service prior to attaining his or her Retirement Age for any
      reason other than death or becoming Totally Disabled, the vested balance
      credited to his or her Account will be distributed to the Participant in a
      single lump sum during the calendar year following the calendar year in
      which the Participant’s Termination of Service
  occurs.

              

      

    

     

    
      
        	
                (b)

              	
                Termination of Service At or
      After Retirement Age.  In the event that a Participant
      Terminates Service at or after attaining his or her Retirement Age for any
      reason other than death or becoming Totally Disabled, the vested balance
      credited to his or her Account will be distributed to the Participant in
      the form or forms of payment elected by the Participant pursuant to
      Section 4.03, subject to the following
rules:

              

      

    

     

    
      	
               
      

            	
              (i)

            	
              Distribution
      in a single lump sum payment will be made during the calendar year
      following the calendar year in which the Participant’s Termination of
      Service occurs.

            

    

     

    
      	
               
      

            	
              (ii)

            	
              The
      first annual installment shall be based on the value of the Account as of
      the December 31st
      next following the event occasioning such distribution.  Each
      subsequent annual installment shall be paid as soon as practicable after
      the annual anniversary of such initial valuation date, based on the value
      of the affected Account as determined at the applicable subsequent
      valuation date.  Each annual installment shall be determined by
      dividing the value of the affected Account, determined in accordance with
      the foregoing, by the number of annual installments due and not yet
      distributed.

            

    

     

    
      	
               
      

            	
              (iii)

            	
              Each
      annual installment payment shall be treated as a separate payment for
      purposes of Code Section 409A.

            

    

     

    
      	
               
      

            	
              (iv)

            	
              Notwithstanding
      the foregoing, if the balance credited to the Participant’s Account as of
      the valuation date is less than $50,000, then distribution will be made in
      a single lump sum payment.

            

    

     

    7.02
Total Disability or Death

     

    Notwithstanding
anything in this Plan to the contrary –

     

    
      
        	
                (a)

              	
                Prior to Commencement of
      Payment.  In the event a Participant becomes Totally
      Disabled or dies at any time prior to the commencement of payment under
      this Article 7, then the balance credited to the Account will be
      distributed in a single lump payment to the Participant or his or her
      designated beneficiary (as the case may be) as soon as administratively
      practicable following the date on which the Participant is determined to
      be Totally Disabled or submission of proof of death satisfactory to the
      Committee, as applicable.

              

      

    

     

    
      
        	
                (b)

              	
                After Payment
      Commences.  In the event a Participant becomes Totally
      Disabled or dies at any time after the commencement of payment under this
      Article 7, then the balance credited to the Account will be distributed in
      a single lump payment to the Participant or his or her designated
      beneficiary (as the case may be) as soon as administratively practicable
      following the date on which the Participant is determined to be Totally
      Disabled or submission of proof of death satisfactory to the Committee, as
      applicable.

              

      

    

    
       

      
        Weis
Markets, Inc.

        Deferred
Compensation Plan for Pharmacists

        As
amended and restated effective 1/1/2005

         

      

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    ARTICLE
8. BENEFICIARY

     

    8.01
Beneficiary Designation. 

     

    Each
Participant shall designate a Beneficiary to receive benefits under the Plan in
the event of his death by completing a Beneficiary designation form furnished by
the Committee.  A Participant may change his Beneficiary designation
by submitting to the Committee another Beneficiary designation
form.  However, no change of Beneficiary shall be effective until
acknowledged in writing by the Company.

     

    8.02
Proper Beneficiary. 

     

    If no
designated Beneficiary survives the Participant, the value of the Participant’s
Account shall be paid to the Participant’s surviving spouse, or if none, to the
Participant’s issue per stirpes, or if none, to the Participant’s
estate.  If the Company has any doubt as to the proper Beneficiary to
receive payments hereunder, the Company shall have the right to withhold such
payments until the matter is finally adjudicated.  However, any
payment made by the Company, in good faith and in accordance with this Plan,
shall fully discharge the Company from all further obligations with respect to
that payment.

     

    8.03
Minor or Incompetent Beneficiary. 

     

    In making
any payments to or for the benefit of any minor or incompetent Beneficiary, the
Committee, in its sole and absolute discretion, may cause distribution to be
made to a legal or natural guardian or relative of a minor or
incompetent.  Or, it may make a payment to any adult with whom the
minor or incompetent temporarily or permanently resides.  The receipt
by a guardian, relative or other person shall be a complete discharge to the
Company with respect to the payment.  Neither the Committee nor the
Company shall have any responsibility to see to the proper application of any
payment so made.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            11

            
              

            

          

          
             

          

        

    

    ARTICLE
9. FORFEITURE OF BENEFITS 

     

    9.01
Forfeiture or Discontinuation of Benefits.

     

    Notwithstanding
anything in this Plan to the contrary, if the Committee, in its sole discretion,
determines that

     

    
      	
              (c)

            	
              the
      Participant’s employment with a Participating Employer has been terminated
      for Cause, or

            

    

     

    
      	
              (d)

            	
              the
      Participant is engaged in any business or practice or become employed in
      any position, which the Committee, in its sole discretion, deems to be in
      competition with the pharmacy services provided by the
      Company,

            

    

     

    then the
Committee may cause the Participant’s entire interest in benefits attributable
to his or her Employer Matching Account, Employer Profit-Sharing Account or
Employer Discretionary Account to be forfeited and discontinued, or may cause
the Participant’s payments of benefits under the Plan to be limited or suspended
for such other period the Committee finds advisable under the circumstances, and
may take any other action and seek any other relief the Committee, in its sole
discretion, deems appropriate.

     

    9.02
Definition of Cause.

     

    “Cause”
means the Participant’s fraud, dishonesty, or willful violation of any law or
significant policy of the Participating Employer that is committed in connection
with the Participant’s employment by or association with a Participating
Employer.  Whether a Participant has been terminated for Cause shall
be determined by the Committee.

     

    Regardless
of whether a Participant’s employment initially was considered to be terminated
for any reason other than Cause, the Participant’s employment will be considered
to have been terminated for Cause for purposes of this Plan if the Committee
subsequently determines that the Participant engaged in an act constituting
Cause.

     

    9.03
Determination by Committee.

     

    The
decision of the Committee shall be final.  The omission or failure of
the Committee to exercise this right at any time shall not be deemed a waiver of
its right to exercise such right in the future.  The exercise of
discretion will not create a precedent in any future cases.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            12

            
              

            

          

          
             

          

        

    

    ARTICLE
10. ADMINISTRATION OF THE PLAN

     

    10.01
Committee. 

     

    The Plan
shall be administered by the Committee.  The Committee shall have full
authority and power to administer and construe the Plan, subject to applicable
requirements of law.  Without limiting the generality of the
foregoing, the Committee shall have the following powers and
duties:

     

    
      
        	
                (a)

              	
                To
      make and enforce such rules and regulations as it deems necessary or
      proper for the administration of the
Plan;

              

      

    

     

    
      
        	
                (b)

              	
                To
      interpret the Plan and to decide all questions, including questions of
      fact, concerning the Plan;

              

      

    

     

    
      
        	
                (c)

              	
                To
      determine the eligibility of any person to participate in the Plan, and to
      determine the amount and the recipient of any payments to be made under
      the Plan;

              

      

    

     

    
      
        	
                (d)

              	
                To
      designate and value any investments deemed held in the
      Accounts;

              

      

    

     

    
      
        	
                (e)

              	
                To
      appoint such agents, counsel, accountants, consultants and other persons
      as may be required to assist in administering the Plan;
  and

              

      

    

     

    
      
        	
                (f)

              	
                To
      make all other determinations and to take all other steps necessary or
      advisable for the administration of the
Plan.

              

      

    

     

    All
decisions made by the Committee pursuant to the provisions of the Plan shall be
made in its sole discretion and shall be final, conclusive, and binding upon all
parties.

     

    10.02
Delegation of Duties. 

     

    The
Committee may delegate such of its duties and may engage such experts and other
persons as it deems appropriate in connection with administering the
Plan.  The Committee shall be entitled to rely conclusively upon, and
shall be fully protected in any action taken by the Committee, in good faith in
reliance upon any opinions or reports furnished to it by any such experts or
other persons.

     

    10.03
Expenses. 

     

    All
expenses incurred prior to the termination of the Plan that shall arise in
connection with the administration of the Plan, including, without limitation,
administrative expenses and compensation and other expenses and charges of any
actuary, counsel, accountant, specialist, or other person who shall be employed
by the Committee in connection with the administration of the Plan shall be paid
by the Participating Employers, or at the discretion of the Committee, shall be
charged against such assets as are deemed to be investments under the Plan
pursuant to Article 6.

     

    10.04
Indemnification of Committee Members.

     

    The
Participating Employers agree to indemnify and to defend to the fullest extent
permitted by law any person serving as a member of the Committee, and each
employee of a Participating Employer or any of their affiliated companies
appointed by the Committee to carry out duties under this Plan, against all
liabilities, damages, costs and expenses (including attorneys’ fees and amounts
paid in settlement of any claims approved by the Company) occasioned by any act
or omission to act in connection with the Plan, if such act or omission is in
good faith.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            13

            
              

            

          

          
             

          

        

    

    10.05
Liability.

     

    To the
extent permitted by law, neither the Committee nor any other person shall incur
any liability for any acts or for any failure to act except for liability
arising out of such person’s own willful misconduct or willful breach of the
Plan.

     

    10.06
Expenses of the Committee and Plan Costs.

     

    The
expenses of administering the Plan, including the printing of literature and
forms related thereto, the disbursement of benefits thereunder, and the
compensation of administrative organizations, agents, consultants, actuaries, or
counsel shall be paid by the Participating Employers.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            14

            
              

            

          

          
             

          

        

    

    ARTICLE
11. CLAIMS PROCEDURE

     

    11.01
Written Claim. 

     

    The value
of a Participant’s Account shall be paid in accordance with the provisions of
this Plan and any applicable Deferral Agreement.  The Participant or
Beneficiary shall make a written request for benefits under this
Plan.  This written claim shall be mailed or delivered to the
Committee.

     

    11.02
Denied Claim. 

     

    If the
claim is denied in full or in part, the Committee shall provide a written notice
within ninety (90) days setting forth the specific reasons for denial, the Plan
provisions on which it is based, any additional material or information that is
necessary, and explanation of the steps to be taken if a review of the denial is
desired.

     

    11.03
Review Procedure. 

     

    If the
claim is denied and a review is desired, the Participant (or Beneficiary) shall
notify the Committee in writing within sixty (60) days after receipt of the
written notice of denial (a claim shall be deemed denied if the Committee does
not take any action within the aforesaid ninety (90) day period).  In
requesting a review, the Participant (or Beneficiary) may review the Plan
document and other pertinent documents, may submit any written issues and
comments, may request an extension of time for such written submission of issues
and comments, and may request that a hearing be held, but the decision to hold a
hearing shall be within the sole discretion of the Committee.

     

    11.04
Committee Review. 

     

    The
decision on the review of the denied claim shall be rendered by the Committee
within sixty (60) days after the receipt of the request for review (if a hearing
is not held) or within sixty (60) days after the hearing if one is
held.  The decision shall be written and shall state the specific
reasons for the decision, including reference to specific provisions of this
Plan, on which the decision is based.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            15

            
              

            

          

          
             

          

        

    

    ARTICLE
12. NATURE OF COMPANY’S OBLIGATION

     

    12.01
Company’s Obligation. 

     

    The
Company’s obligations under this Plan shall be unfunded.

     

    12.02
Creditor Status. 

     

    Any
assets which the Company may acquire or set aside to help cover its financial
liabilities are and must remain general assets of the Company subject to the
claims of its creditors.  Neither the Company nor this Plan gives the
Participant any beneficial ownership interest in any asset of the
Company.  All rights of ownership in any such assets are and remain in
the Company and Participants and their Beneficiaries shall have only the rights
of general creditors of the Company.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            16

            
              

            

          

          
             

          

        

    

    ARTICLE
13. MISCELLANEOUS

     

    13.01
Acceleration of Payments Permitted Under Code Section 409A.

     

    Notwithstanding
anything in this Plan to the contrary, the Committee may, its discretion,
accelerate the payment of all or a portion of a Participant’s vested Account
balance prior to the time specified in this Plan to the extent such acceleration
is permitted by Section 1.409A-3(j)(4) of the Treasury
regulations.  Such permitted accelerations shall include payments to
comply with domestic relations orders, payments to comply with conflicts of
interest laws, payment of employment taxes, payment upon income inclusion under
Code Section 409A, and/or such other circumstances as are permitted by the
regulations.

     

    13.02
Right to Withhold Taxes.

     

    The
Participating Employers shall have the right to withhold such amounts from any
payment under this Plan as it determines necessary to fulfill any federal,
state, or local wage or compensation withholding requirements.

     

    13.03
No Right to Continued Employment.

     

    Neither
the Plan, nor any action taken under the Plan, shall confer upon any Participant
any right to continuance of employment by the Company or any of its affiliated
companies nor shall it interfere in any way with the right of the Company or any
of its affiliated companies to terminate any Participant’s employment at any
time.

     

    13.04
Unclaimed Benefit.

     

    Each
Participant shall keep the Committee informed in writing of his or her current
address and the current address of his or her beneficiary.  The
Committee shall not be obligated to search for the whereabouts of any
person.  If the location of a Participant is not made known to the
Committee within three (3) years after the date on which payment of the
Participant’s Account may first be made, payment may be made as though the
Participant had died at the end of the three (3) year period.  If,
within one additional year after such three (3) year period has elapsed, or,
within three years after the actual death of a Participant, the Committee is
unable to locate any designated beneficiary of the Participant, then the
Participating Employers shall have no further obligation to pay any benefit
hereunder to such Participant or beneficiary or any other person and such
benefit shall be irrevocably forfeited.

     

    13.05
Suspension Of Payments.

     

    If any
controversy, doubt or disagreement should arise as to the person to whom any
distribution or payment should be made, the Committee, in its discretion, may,
without any liability whatsoever, retain the funds involved or the sum in
question pending settlement or resolution to the Committee’s satisfaction of the
matter, or pending a final adjudication by a court of competent
jurisdiction.

     

    13.06
Severability. 

     

    The
provisions of the Plan are severable.  If any provision of the Plan is
deemed legally or factually invalid or unenforceable to any extent or in any
application, then the remainder of the provision and the Plan, except to such
extent or in such application, shall not be affected, and each and every
provision of the Plan shall be valid and enforceable to the fullest extent and
in the broadest application permitted by law.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            17

            
              

            

          

          
             

          

        

    

    13.07
No Other Agreements or Understandings.

     

    This Plan
represents the sole agreement between the Participating Employers and
Participants concerning its subject matter, and it supersedes all prior
agreements, arrangements, understandings, warranties, representations, and
statements between or among the parties concerning its subject
matter.

     

    13.08
Written Notice. 

     

    Any
notice which shall or be or may be given under the Plan or a Deferral Agreement
shall be in writing and shall be mailed by United States mail, postage
prepaid.  If notice is to be given to the Committee, such notice shall
be addressed to 1000 South Second Street, Sunbury,
Pennsylvania  17801, and marked for the attention of the Committee, or
if notice to a Participant, addressed to the address shown on the Participant’s
Deferral Agreement.

     

    13.09
Change of Address. 

     

    Any
Participant or the Committee may, from time to time, change the address to which
notices shall be mailed by the other by giving written notice of a new
address.

     

    13.10
Amendment and Termination. 

     

    The
Company retains the sole and unilateral right to terminate, amend, modify, or
supplement this Plan, in whole or in part at any time.  This right
includes the right to make retroactive amendments.  However, no
exercise of this right shall reduce the Account of any Participant or his
Beneficiary.

     

    13.11
Nontransferability. 

     

    Except
insofar as prohibited by applicable law, no sale, transfer, alienation,
assignment, pledge, collateralization or attachment of any benefits under this
Plan shall be valid or recognized  by the Company.  Neither
the Participant, his spouse, or designated Beneficiary shall have any power to
hypothecate, mortgage, commute, modify or otherwise encumber in advance of any
of the benefits payable hereunder, nor shall any of said benefits be subject to
seizure for the payment of any debts, judgments, alimony or maintenance, owed by
the Participant or his Beneficiary, or be transferable by operation of law in
the event of bankruptcy, insolvency or otherwise.  Notwithstanding the
foregoing, the Company shall pay benefits in accordance with a qualified
domestic relations order as defined in the Employee Retirement Income Security
Act of 1974, and benefits payable under the Plan may be applied by the Company
to discharge obligations of the Participant, his Beneficiary or estate to the
Company.

     

    13.12
Applicable Law. 

     

    This Plan
shall be governed by the laws of the United States, and to the extent permitted
thereby by the laws of the Commonwealth of Pennsylvania.

     

    13.13
Titles. 

     

    Titles of
the Articles of this Plan are included for ease of reference only and are not to
be used for the purpose of construing any portion or provision of this Plan
document.

     

    
      Weis
Markets, Inc.

      Deferred
Compensation Plan for Pharmacists

      As
amended and restated effective 1/1/2005

      

        
          
             

          

          
            18

            
              

            

          

          
             

          

        

    

    13.14
Code Section 409A Transition Rules.

     

    Notwithstanding
anything in the Plan to the contrary, the following, to the extent permitted by
the Committee and Code Section 409A, on or prior to December 31, 2008, a
Participant may make a new election with respect to the form of payment of the
Account in accordance with the following rules:

     

    
      
        	
                (a)

              	
                An
      election to change the form of payment of payment made on or after January
      1, 2005 and on or before December 31, 2005 may apply only to amounts that
      would not otherwise be payable in 2005 and may not cause an amount to be
      paid in 2005 that would not otherwise be payable in
  2005;

              

      

    

     

    
      
        	
                (b)

              	
                An
      election to change the form of payment of payment made on or after January
      1, 2006 and on or before December 31, 2006 may apply only to amounts that
      would not otherwise be payable in 2006 and may not cause an amount to be
      paid in 2006 that would not otherwise be payable in
  2006;

              

      

    

     

    
      
        	
                (c)

              	
                An
      election to change the form of payment of payment made on or after January
      1, 2007 and on or before December 31, 2007 may apply only to amounts that
      would not otherwise be payable in 2007 and may not cause an amount to be
      paid in 2007 that would not otherwise be payable in 2007;
    and

              

      

    

     

    
      
        	
                (d)

              	
                An
      election to change the form of payment of payment made on or after January
      1, 2008 and on or before December 31, 2008 may apply only to amounts that
      would not otherwise be payable in 2008 and may not cause an amount to be
      paid in 2008 that would not otherwise be payable in
  2008.

              

      

    

    
       

      
        Weis
Markets, Inc.

        Deferred
Compensation Plan for Pharmacists

        As
amended and restated effective 1/1/2005

         

      

    

    
      
         

      

      
        19Exhibit
10-H

      WEIS
MARKETS, INC.

      

      DEFERRED
COMPENSATION AGREEMENT

      

      THIS DEFERRED COMPENSATION AGREEMENT
made this 1st day of
January, 1983, by and between Weis Markets, Inc. (“Employer”) and Robert F. Weis
(“Employee”),

      

      WITNESSETH:

      WHEREAS, Employer and Employee
previously entered into a Deferred Compensation Agreement (“Prior Agreement”)
dated the 1st day of
December, 1975; and

      WHEREAS, Employer and Employee now
desire to terminate and revoke Prior Agreement, and

      WHEREAS, Employer desires to assure
itself of the continued service of Employee, and to further compensate Employee
for services which Employee has and shall have rendered to
Employer,

      NOW, THEREFORE, in consideration of the
mutual covenants and agreements hereinafter contained and other good and
valuable consideration, it is hereby agreed:

      FIRST: RETIREMENT
BENEFIT. (a) Employee’s Normal Retirement Date shall be the January
1st
following his 65th
birthday. If Employee retires on or after his 65th
birthday and on or before his Normal Retirement Date, and has been employed by
Employer for at least three (3) full years, he shall receive from Employer a
benefit determined by the following formula and paid according to the terms of
subparagraph (b) of this paragraph FIRST:

      The annual pension benefit shall be an
amount of $87,500 (50% of the 1976 annual compensation paid to the Employee from
Employer), reduced by each of the following; (1) The amount of the annual
primary Social Security benefit for which Employee is eligible as of January
1st
of the initial year in which he is to receive a payment hereunder and which is
payable during such year; (2) Any benefit under any Employer pension or profit
sharing plan (but not under a TRASOP) for which Employee is or was eligible as
of January 1st of the
year in which he is to receive a payment hereunder and which is payable during
such year. If Employee did not elect to receive his benefit under either the
pension or profit sharing plan on a life annuity basis, then any benefit amount
considered under this paragraph (2) shall be equal to the benefit he would have
been eligible for on such January 1st, had he
elected a life annuity option under the respective plan or plans, based on
actuarial factors and tables used for actuarial valuation purposes in
conjunction with the Weis Markets Pension Plan.

      (b) Benefits shall be payable to
Employee within sixty (60) days of his Normal Retirement Date, and thereafter on
each January 1st during
the Employee’s lifetime.

      SECOND: EARLY RETIREMENT
BENEFIT. (a) If Employee retires for any reason between his 62nd
birthday –- the earliest possible retirement age –- and his 65th
birthday, he shall receive a benefit computed on the basis of the formula in
subparagraph (a) of paragraph FIRST, but reduced by: (1) Five-ninths of one
percent (5/9ths of 1%) for each month of early retirement, and (2) a fraction,
the numerator of which shall be the number of years and months of service with
Employer that Employee had at the time of his retirement and the denominator of
which shall be the number of years and months of service he would have had at
age sixty-five (65). For purposes of this paragraph, the Social Security Benefit
defined in item (1) of paragraph FIRST shall be determined as if Employee
continued working and initially commenced receiving such Social Security Benefit
at age 65.

      (b) The
amount of the benefit to Employee under subparagraph (a) of this paragraph
SECOND shall be paid on January 1st of the
year following the year of Employee’s retirement on each January 1st during
the Employee’s lifetime.

      THIRD: POSTPONED
RETIREMENT. (a) The amount of Employee’s annual pension benefit shall be
determined as of his Normal Retirement Date. If Employee continues in employment
after his Normal Retirement Date, such amount shall be increased by 20% for each
year that his retirement is postponed. If Employee retires as of a date during a
year which is other that January 1st, his
benefit shall be increased for such year by a proportional share (determined
arithmetically) of the 20% based on the number of the completed months elapsed
from the January 1st
preceding the date of his retirement. For example, if Employee retires as of
July 1st in a
year, his benefit as of the previous January 1st shall
be increased by 10% (20% x 6/12ths). At the time Employee reaches his Normal
Retirement Date, the amount of his benefit shall be determined in accordance
with paragraph FIRST, and such amount, and the increased amounts payable on each
succeeding January 1st, shall
be illustrated in Appendix A, which shall become a part of this
agreement.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (b) For the first year of his
retirement Employee shall receive a pension equal to the benefit described in
paragraph (a) multiplied by a fraction, the numerator of which is the number of
months (including partial months) from the date of his retirement to the
December 31st of such
year, and the denominator of which is “12”. For each subsequent year of his
retirement, Employee shall receive the benefit described in (a).

      (c) The pension benefits for the first
year of retirement shall be payable to Employee within sixty (60) days from the
date of retirement and thereafter on each January 1st during
the Employee’s lifetime.

      FOURTH: DEATH
BENEFIT. (a) If Employee dies while actively employed prior to his Normal
Retirement Date, his surviving spouse, if any, shall receive a benefit equal to
fifty (50%) percent of the benefit Employee would have received under paragraph
FIRST if he had continued to work and had retired at age sixty-five (65). Such
benefit shall be paid to the spouse on January 1st of the
year following the year of Employee’s death and on January 1st of the
next succeeding nine (9) years.

      (b) If Employee dies subsequent to his
retirement under paragraph SECOND, his surviving spouse, if any, shall receive a
benefit equal to fifty (50%) percent of the amount Employee was receiving or
eligible to receive under paragraph SECOND. Such benefit shall be paid on
January 1st of each
year in which Employee would have received a benefit under the appropriate
aforementioned paragraph if he had continued to live. Following the death of
spouse, no further payments shall be made.

      (c) If Employee dies while actively
employed after his Normal Retirement Date, his Named Beneficiary shall receive
an annual benefit in the same amount as the Employee would have received under
paragraph THIRD had he retired immediately prior to his death. Such benefit
shall be paid to the Named Beneficiary over the period of Employer’s life
expectancy determined based on 1971 Group Annuity Table and the Employee’s age
nearest birthday on the date of his death. Any fractional years of life
expectancy shall result in a proportional annual benefit for the year. Examples
of life expectancy at various ages are set forth in Appendix B.

      (d) If Employee dies subsequent to his
retirement on or after his Normal Retirement Date, his Named Beneficiary shall
continue to receive annual benefit payments in the same amount as Employee was
receiving until the end of Employee’s life expectancy period as described in
paragraph (a) measured from the date of Employee’s retirement. If the Named
Beneficiary is Employee’s spouse, then such spouse shall continue to receive
annual benefit payments for the remainder of her life in an amount equal to 50%
of the benefit received prior to the end of the life expectancy period.
Following the end of the life expectancy period, no continuing benefits shall be
paid to a Named Beneficiary who is not Employee’s spouse.

      (e) For purposes of paragraphs (c) and
(d) above, the Named Beneficiary shall be the Employee’s spouse, unless the
Employee notifies Employer in writing that another person shall be the Named
Beneficiary. If Employee has no surviving spouse at the time of his death, and
has not named another Named Beneficiary, then any benefits due his Named
Beneficiary shall be paid to his estate.

      FIFTH: WITHHOLDING.
Employer may withhold any taxes from payments to Employee or to the Named
Beneficiary as Employer deems appropriate in accordance with applicable
regulations.

      SIXTH: ANNUITIES.
Annuity contracts issued by Aetna Life & Casualty and maintained under any
prior agreement shall not be a part of this Agreement, nor shall benefits
provided under any such contracts be applied toward benefits provided under this
Agreement. Benefits under such contracts shall be paid to Employee upon
retirement, or paid to Employee’s beneficiary (as separately designated by
Employee) upon the death of Employee, in accordance with the terms of such
contracts, subject to any elections regarding the methods of receiving benefit
payments as may be permitted by such contracts.

      SEVENTH:
ADMINISTRATION. This Agreement shall be administered on behalf of
Employer by its Board of Directors. The Board of Directors may delegate its
duties to any committee designated by it for such purpose. The Board or any such
committee shall have the authority to interpret, and to determine questions of
fact arising under this Agreement. The determination of the Board of Directors
or any committee administering this Agreement shall be conclusive and binding
upon all persons, including the Employee, his Named Beneficiary, and their
heirs, successors and assigns.

      EIGHT: TERMINATION.
Nothing in this Agreement shall confer upon Employee the right to continue in
the employ of Employer.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      NINTH: ASSIGNMENT.
Neither Employee nor his Named Beneficiary may assign, pledge or otherwise
encumber any interest in this Agreement without the written consent of Employer.
In the event of any sale or the disposition of all or substantial part of the
assets of the Employer, adequate provision, by a written assumption agreement or
otherwise, shall be made to secure for Employer all of the benefits of this
Agreement to the same extent to which Employee would have been entitled to such
benefits had any such disposition not taken place.

      TENTH: WHOLE AGREEMENT
AMENDMENT. This Agreement constitutes the whole Deferred Compensation
Agreement between Employer and Employee and may not be modified, amended, or
terminated except by a written instrument signed by Employer and Employee.
Employer and Employee may amend this Agreement by a document in writing, without
the consent of Employee’s Named Beneficiary, notwithstanding that any such
amendment may have the effect of diminishing or eliminating benefits payable to
such Named Beneficiary under the several provisions of this
Agreement.

      ELEVENTH:
MISCELLANEOUS. (a) This Agreement shall inure to the benefit of and be
binding upon the successors and assigns of Employer and the heirs,
administrators, executors, and personal representatives of
Employee.

      (b) Failure by the Employer to insist
upon strict compliance with any of the terms, conditions or covenants hereof
shall not be deemed a waiver or relinquishment of any right hereunder, and shall
not impede in any way the right of Employer to enforce any of the provisions
hereof.

      (c) If any provision of this Agreement
is held invalid or unenforceable, its invalidity or unenforceability shall not
affect any other provisions of this Agreement, and this Agreement shall be
construed and enforced as if such provision had not been included
herein.

      (d) The captions contained herein are
inserted only as a matter of convenience and for reference and in no way define
or limit, enlarge or describe the scope of this agreement nor in any way shall
affect the Agreement or the construction of any provision thereof.

      (e) This Agreement shall be governed
by, construed, and enforced in accordance with the internal laws of the
Commonwealth of Pennsylvania (without regard to the principles of conflict of
laws).

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      AMENDMENT
NO. 1

      TO

      DEFERRED
COMPENSATION AGREEMENT

      

      WHEREAS, WEIS MARKETS, INC. (Employer)
and Robert Weis (Employee) previously entered into a Deferred Compensation
Agreement effective January 1, 1983; and

      

      WHEREAS, both parties wish to amend
such Agreement; and

      

      NOW, THEREFORE, the following
provisions are amended:

      

      FIRST
CHANGE

      

      Paragraph FIRST shall be deleted and
the following shall be substituted in its place:

      

      FIRST: RETIREMENT
BENEFIT. (a) Employee’s Normal Retirement Date shall be the first day of
the month following his 65th
birthday. If Employee retires on his Normal Retirement Date, he shall receive
from Employer a benefit determined by the following formula and paid according
to the terms of subparagraph (b) of this paragraph FIRST:

      

      The annual pension benefit shall be an
amount of $68,842 (50% of the 1977 annual compensation paid to the Employee from
Employer), reduced by each of the following; (1) The amount of the annual
primary Social Security benefit for which Employee is eligible as of his Normal
Retirement Date; (2) Any benefit under any Employer pension or profit sharing
plan (but not under a TRASOP or PAYSOP) for which Employee is or was eligible as
of his Normal Retirement Date. If Employee did not elect to receive his benefit
under either the pension or profit sharing plan on a life annuity basis, then
any benefit amount considered under this paragraph (2) shall be equal to the
benefit he would have been eligible for had he elected a life annuity option
under the respective plan or plans, based on actuarial factors and tables used
for actuarial valuation purposes in conjunction with the Weis Markets Pension
Plan.

      

      (b) Benefits shall be payable to
Employee within sixty (60) days of his Normal Retirement Date, and thereafter on
each January 1st during
the Employee’s lifetime.

      

      SECOND
CHANGE

      

      Paragraph THIRD, subparagraph (a) shall
be amended by adding the following sentence after the second sentence of such
subparagraph:

      

      “For the calendar year which contains
the Employee’s Normal Retirement Date, his benefit payable as of his Normal
Retirement Date shall be increased by 1 2/3% for each full month from his Normal
Retirement Date to the following January 1st.”

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      AMENDMENT
NO. 2

      TO

      DEFERRED
COMPENSATION AGREEMENT

      

      WHEREAS, Weis Markets Inc. (Employer)
and Robert F. Weis (Employee) previously entered into a Deferred Compensation
Agreement effective January 1, 1983; and

      

      WHEREAS, such agreement was amended by
Amendment No. 1; and

      

      WHEREAS, both parties wish to amend
such Agreement effective on the date executed; and

      

      WHEREAS, Robert F. Weis has remained an
active employee of the Corporation beyond his normal retirement age of 65;
and

      

      NOW, THEREFORE, the following
provisions are amended:

      

      FIRST
CHANGE

      

      Paragraph FIRST, SECOND and THIRD shall
be deleted and the following shall be substituted in their place:

      

      FIRST: POSTPONED
RETIREMENT. (a) The amount of Employee’s annual pension benefit as of the
date on which he retires as an active employee shall be determined in accordance
with the attached Appendix A under the columns headed “Retirement Benefit.” If
employee retires as of a date during the year which is other than January 1, his
annual benefit shall be increased by interpolation (determined arithmetically)
based upon the number of completed months elapsed from the January 1 preceding
the date of his retirement to his date of retirement.

      

      SECOND: FIRST YEAR
BENEFIT. For the first year of his retirement, Employee’s shall receive a
pension equal to the benefit described in FIRST multiplied by a fraction the
numerator of which is the number of months (including partial months) from the
date of his retirement to the December 31 of such year and the denominator of
which is 12.

      

      THIRD: SUBSEQUENT YEAR
BENEFIT. For each subsequent year of his retirement, Employee shall
receive the benefit described in FIRST, payable on January 1 of each subsequent
calendar year on which day he is alive.

      

      SECOND
CHANGE

      

      Paragraph FOUR shall be deleted and the
following shall be substituted in its place.

      

      FOURTH: DEATH
BENEFIT. (a) If Employee dies subsequent to his retirement under
paragraph FIRST, his Named Beneficiary shall continue to receive annual benefits
in the same amount as Employee was receiving until the end of the remainder, if
any, of the Employee’s life expectancy period, as shown in Appendix B as
measured from the date of Employee’s retirement. The payment for a partial year
of such remaining life expectancy shall be pro rated. Payments shall be payable
on January 1 of each year. If the Named Beneficiary is Employee’s spouse, then
such spouse shall continue to receive annual benefit payments for the remainder
of her life in an amount equal to 50% of the benefit received during Employee’s
life expectancy period. Following the end of the life expectancy period, no
continuing benefit shall be paid to a Named Beneficiary who is not Employee’s
spouse. Following the death of the Employee’s spouse, no continuing benefits
shall be paid, except to the extent of the remainder, if any, of the original
life expectancy.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (b) If Employee dies prior to his
retirement, the amount of the death benefit shall be based on the two columns of
Appendix A headed “Death Benefit.” If death shall not occur on January 1 of a
year, then there shall be a determination of an interpolated benefit (determined
arithmetically) based upon the number of completed months elapsed January 1
preceding the date of death to the date of death. A partial payment shall be
made for the first year by multiplying the benefit by a fraction, the numerator
of which is the number of months including partial months from the date of his
death to the December 31 of such year and the denominator of which is 12. The
period of time during which benefits shall be paid to the Named Beneficiary is
equal to the life expectancy period determined in Appendix B with reference to
the date of death. The payment for a partial year of such remaining life
expectancy shall be pro rated. Payments shall be payable on January 1 of each
year. If the Named Beneficiary is Employee’s spouse, then such spouse shall
continue to receive annual benefit payments for the remainder of her life in an
amount equal to 50% of the benefit received during the Employee’s life
expectancy period. Following the end of the life expectancy period, no
continuing benefit shall be paid to a Named Beneficiary who is not Employee’s
spouse. Following the death of the Employee’s spouse, no continuing benefits
shall be paid, except to the extent of the remainder, if any, of the original
life expectancy.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Robert
Weis Appendix A

      

      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  Retirement Benefit

                                	 	
                                  Death Benefit

                                
	
                                  Date of

                                	 	
                                  Annual

                                	 	
                                  Date of

                                	 	
                                  Annual

                                
	
                                  Retirement

                                	 	
                                  Benefit

                                	 	
                                  Death

                                	 	
                                  Benefit

                                
	 
      	 	 
      	 	 
      	 	 
      
	
                                  Jan
      1, 1992

                                	 	
                                   72,366

                                	 	
                                  Jan
      1, 1992

                                	 	
                                  209,646

                                
	
                                  Jan
      1, 1993

                                	 	
                                  129,719

                                	 	
                                  Jan
      1, 1993

                                	 	
                                  230,611

                                
	
                                  Jan
      1, 1994

                                	 	
                                  199,767

                                	 	
                                  Jan
      1, 1994

                                	 	
                                  253,672

                                
	
                                  Jan
      1, 1995

                                	 	
                                  279,039

                                	 	
                                  Jan
      1, 1995

                                	 	
                                  279,039

                                
	
                                  Jan
      1, 1996

                                	 	
                                  306,943

                                	 	
                                  Jan
      1, 1996

                                	 	
                                  306,943

                                
	
                                  Jan
      1, 1997

                                	 	
                                  337,638

                                	 	
                                  Jan
      1, 1997

                                	 	
                                  337,638

                                
	
                                  Jan
      1, 1998

                                	 	
                                  371,401

                                	 	
                                  Jan
      1, 1998

                                	 	
                                  371,401

                                
	
                                  Jan
      1, 1999

                                	 	
                                  408,542

                                	 	
                                  Jan
      1, 1999

                                	 	
                                  408,542

                                
	
                                  Jan
      1, 2000

                                	 	
                                  449,396

                                	 	
                                  Jan
      1, 2000

                                	 	
                                  449,396

                                
	
                                  Jan
      1, 2001

                                	 	
                                  494,335

                                	 	
                                  Jan
      1, 2001

                                	 	
                                  494,335

                                
	
                                  Jan
      1, 2002

                                	 	
                                  543,769

                                	 	
                                  Jan
      1, 2002

                                	 	
                                  543,769

                                
	
                                  Jan
      1, 2003

                                	 	
                                  598,146

                                	 	
                                  Jan
      1, 2003

                                	 	
                                  598,146

                                
	
                                  Jan
      1, 2004

                                	 	
                                  657,960

                                	 	
                                  Jan
      1, 2004

                                	 	
                                  657,960

                                
	
                                  Jan
      1, 2005

                                	 	
                                  723,756

                                	 	
                                  Jan
      1, 2005

                                	 	
                                  723,756

                                
	
                                  Jan
      1, 2006

                                	 	
                                  796,132

                                	 	
                                  Jan
      1, 2006

                                	 	
                                  796,132

                                
	
                                  Jan
      1, 2007

                                	 	
                                  875,745

                                	 	
                                  Jan
      1, 2007

                                	 	
                                  875,745

                                
	
                                  Jan
      1, 2008

                                	 	
                                  963,320

                                	 	
                                  Jan
      1, 2008

                                	 	
                                  963,320

                                
	
                                  Jan
      1, 2009

                                	 	
                                  1,059,651

                                	 	
                                  Jan
      1, 2009

                                	 	
                                  1,059,651

                                
	
                                  Jan
      1, 2010

                                	 	
                                  1,165,617

                                	 	
                                  Jan
      1, 2010

                                	 	
                                  1,165,617

                                
	
                                  Jan
      1, 2011

                                	 	
                                  1,282,178

                                	 	
                                  Jan
      1, 2011

                                	 	
                                  1,282,178

                                
	
                                  Jan
      1, 2012

                                	 	
                                  1,410,396

                                	 	
                                  Jan
      1, 2012

                                	 	
                                  1,410,396

                                
	
                                  Jan
      1, 2013

                                	 	
                                  1,551,436

                                	 	
                                  Jan
      1, 2013

                                	 	
                                  1,551,436

                                

                        

                      

                    

                  

                

              

            

          

        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Robert
Weis Appendix B

      

      
        
          
            
              
                
                  
                    	
                            Date of Death or Retirement

                          
	 
      	 	 
      	 	
                            Life Expectancy

                          
	
                            From

                          	 	
                            To

                          	 	
                            In Years

                          
	 
      	 	 
      	 	 
      
	
                            Dec
      10, 1991

                          	 	
                            Dec
      9, 1992

                          	 	
                            10.3

                          
	
                            Dec
      10, 1992

                          	 	
                            Dec
      9, 1993

                          	 	
                             
      9.7

                          
	
                            Dec
      10, 1993

                          	 	
                            Dec
      9, 1994

                          	 	
                             
      9.2

                          
	
                            Dec
      10, 1994

                          	 	
                            Dec
      9, 1995

                          	 	
                             
      8.8

                          
	
                            Dec
      10, 1995

                          	 	
                            Dec
      9, 1996

                          	 	
                             
      8.3

                          
	
                            Dec
      10, 1996

                          	 	
                            Dec
      9, 1997

                          	 	
                             
      7.8

                          
	
                            Dec
      10, 1997

                          	 	
                            Dec
      9, 1998

                          	 	
                             
      7.4

                          
	
                            Dec
      10, 1998

                          	 	
                            Dec
      9, 1999

                          	 	
                             
      7.0

                          
	
                            Dec
      10, 1999

                          	 	
                            Dec
      9, 2000

                          	 	
                             
      6.7

                          
	
                            Dec
      10, 2000

                          	 	
                            Dec
      9, 2001

                          	 	
                             
      6.4

                          
	
                            Dec
      10, 2001

                          	 	
                            Dec
      9, 2002

                          	 	
                             
      6.1

                          
	
                            Dec
      10, 2002

                          	 	
                            Dec
      9, 2003

                          	 	
                             
      5.9

                          
	
                            Dec
      10, 2003

                          	 	
                            Dec
      9, 2004

                          	 	
                             
      5.7

                          
	
                            Dec
      10, 2004

                          	 	
                            Dec
      9, 2005

                          	 	
                             
      5.5

                          
	
                            Dec
      10, 2005

                          	 	
                            Dec
      9, 2006

                          	 	
                             
      5.2

                          
	
                            Dec
      10, 2006

                          	 	
                            Dec
      9, 2007

                          	 	
                             
      4.9

                          
	
                            Dec
      10, 2007

                          	 	
                            Dec
      9, 2008

                          	 	
                             
      4.6

                          
	
                            Dec
      10, 2008

                          	 	
                            Dec
      9, 2009

                          	 	
                             
      4.4

                          
	
                            Dec
      10, 2009

                          	 	
                            Dec
      9, 2010

                          	 	
                             
      4.1

                          
	
                            Dec
      10, 2010

                          	 	
                            Dec
      9, 2011

                          	 	
                             
      3.9

                          
	
                            Dec
      10, 2011

                          	 	
                            Dec
      9, 2012

                          	 	
                             
      3.6

                          
	
                            Dec
      10, 2012

                          	 	
                            Dec
      9, 2013

                          	 	
                             
      3.4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]