Document:

Restricted Stock Award Agreement, James E. Lillie

 Exhibit 10.6 
 JARDEN CORPORATION 
 RESTRICTED STOCK AWARD AGREEMENT 

This RESTRICTED STOCK AWARD AGREEMENT, dated as of the 5th day of January, 2011 (the “Agreement”), by and between Jarden Corporation, a Delaware corporation
(the “Corporation”), and James E. Lillie (the “Restricted Stockholder”). 
 W I T N E S S E T H
: 
 WHEREAS, the Restricted Stockholder is an employee of the Corporation; 

WHEREAS, the Restricted Stockholder entered into the Third Amended and Restated Employment Agreement, dated as of January 5, 2011
(the “Employment Agreement”), by and between the Corporation and the Restricted Stockholder; 
 WHEREAS,
pursuant to the terms of the Employment Agreement, the Corporation is obligated to grant to the Restricted Stockholder certain performance based equity awards in the form of restricted shares of common stock, par value $0.01 per share (the
“Common Stock”), of the Corporation (the “Restricted Stock”) under the Corporation’s 2009 Stock Incentive Plan (the “Stock Incentive Plan”), based on the long-term framework for the Corporation
adopted by the Compensation Committee; and 
 WHEREAS, the parties hereto desire to enter into this Agreement on the terms
hereinafter set forth. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this Agreement,
the Corporation and the Restricted Stockholder hereby agree as follows: 
 1. Granting of Restricted Shares.
(a) Notwithstanding anything to the contrary in the Employment Agreement, the Corporation hereby grants to the Restricted Stockholder, effective as of the date hereof (the “Date of Grant”), 70,000 restricted shares of
Common Stock (the “Performance Shares”), subject to all of the terms and conditions of this Agreement, the Employment Agreement and the Stock Incentive Plan. The restrictions on the Performance Shares shall lapse, and the
Performance Shares shall be fully vested, on the Vesting Date as set forth in Section 2 below.  
 (b) All
capitalized terms used herein but not defined shall have the meanings given to such terms in the Stock Incentive Plan. 
 2.
Vesting Period. The Performance Shares shall no longer be subject to the restrictions set forth herein on the earlier to occur of (such date, the “Vesting Date”): 

 

	 	(a)	the last day of any five consecutive trading day period during which the average closing price of the Corporation’s common stock on the New York Stock Exchange (or
such other securities exchange on which the Corporation’s Common Stock may then be traded) equals or exceeds thirty-four dollars ($34.00); or 

  

	 	(b)	the date there is a Change of Control of the Corporation (as defined in the Employment Agreement). 

Except as otherwise provided in the Employment Agreement, in the event the Restricted Stockholder’s employment is terminated by the
Corporation or voluntarily by the Restricted Stockholder, the Restricted Stockholder will surrender all of the unvested Performance Shares issuable pursuant to the terms hereof. 

The number of shares granted and the stock price referred to above shall be adjusted for changes in the Common Stock as outlined in
Section 18.4 of the Stock Incentive Plan or as otherwise mutually agreed in writing between the parties. 
 3.
Non-Transferability. The Performance Shares that remain subject to the restrictions set forth herein may not be sold, transferred, assigned, pledged or otherwise encumbered or disposed of by the Restricted Stockholder until such
restrictions shall have lapsed in accordance with the terms hereof or in the event of a transfer, assignment, pledge or other disposal, such event has been approved by the Compensation Committee of the Board of Directors. Restricted Stockholder
agrees that, to the extent the restrictions set forth herein lapse with respect to any of the Performance Shares, such unrestricted Performance Shares may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of by the
Restricted Stockholder, subject to applicable law, regulation or stock exchange rule, provided that Restricted Stockholder shall be entitled to satisfy the minimum withholding tax obligation (or such greater withholding amount as the Compensation
Committee of the Board of Directors may approve) by electing to have the Corporation withhold from the Performance Shares that number of shares having a Fair Market Value (as defined in the Stock Incentive Plan) equal to the minimum amount required
to be withheld (or such greater withholding amount as the Compensation Committee of the Board of Directors may approve), determined on the date that the amount of tax to be withheld is to be determined. 

4. No Right to Continued Employment. Nothing in this Agreement shall confer upon the Restricted Stockholder any right with
respect to continuance of employment by the Corporation, nor shall it interfere in any way with the right of Corporation to terminate the Restricted Stockholder’s employment at any time. This Agreement does not constitute an employment
contract. This Agreement does not guarantee employment for the length of time of the vesting period or for any portion thereof. 
 5. Restricted Stockholder Bound by Stock Incentive Plan. The Restricted Stockholder hereby acknowledges receipt of a copy of the Stock Incentive Plan and agrees to be bound by all the terms
and provisions thereof. In the event of any conflict between the provisions of this Agreement and the provisions of the Stock Incentive Plan, the provisions of this Agreement shall control. The Restricted Stockholder agrees to accept as binding,
conclusive, and final all decisions or interpretations of the Committee upon any questions arising under the Stock Incentive Plan. 

  
 2 

 6. Section 83(b) Election. If the Restricted Stockholder files an
election with the Internal Revenue Service to include the Fair Market Value of any Performance Shares in gross income as of the Date of Grant, the Restricted Stockholder agrees to promptly furnish the Corporation with a copy of such election,
together with the amount of any federal, state, local or other taxes required to be withheld to enable the Corporation to claim an income tax deduction with respect to such election. 

7. Withholding Taxes. The Performance Shares will be subject to any federal, state, or local taxes of any kind required by
law at the time the Performance Shares vest and become nonforfeitable. By accepting the Performance Shares, the Restricted Stockholder agrees to promptly satisfy federal, state and local withholding requirements, when and if applicable, for such
Performance Shares by making a cash payment to the Corporation equal to the required withholding amount or by electing to have the Corporation withhold from the Performance Shares that number of shares having a Fair Market Value (as defined in the
Stock Incentive Plan) equal to the minimum amount required to be withheld (or such greater withholding amount as the Compensation Committee of the Board of Directors may approve), determined on the date that the amount of tax to be withheld is to be
determined. 
 8. Notices. Any notice required to be given or delivered to the Corporation under the terms of this
Agreement shall be in writing and addressed to the Corporate Secretary of the Corporation at its principal corporate offices at 555 Theodore Fremd Avenue, Suite B-302, Rye, New York 10580. Any notice required to be given or delivered to the
Restricted Stockholder shall be in writing and addressed to the Restricted Stockholder at the address set forth on the signature page hereto or to such other address as such party may designate in writing from time to time to the Corporation. All
notices shall be deemed to have been given or delivered upon: personal delivery; three (3) days after deposit in the United States mail by certified or registered mail (return receipt requested); one (1) business day after deposit with any
return receipt express courier (prepaid); or one (1) business day after transmission by facsimile. 
 9.
Interpretation. In the event of any conflict between the provisions of this Agreement and the provisions of the Employment Agreement, the provisions of this Agreement shall control. 

10. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware,
applicable to agreements made and to be performed entirely within such state, other than conflict of laws principles thereof directing the application of any law other than that of Delaware. 

11. Assignment. Neither this Agreement nor any of the rights or obligations hereunder shall be assigned or delegated by any
party hereto without the prior written consent of the other party. 
 12. Counterparts. This Agreement may be
executed in counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. 
 (signature page follows) 

  
 3 

 IN WITNESS WHEREOF, the Corporation has caused this Agreement to be
executed by a duly authorized officer and the Restricted Stockholder has executed this Agreement as of the date first set forth above. 
  

			
		 	JARDEN CORPORATION
		
	By:	 	 /s/ Ian G.H. Ashken

		 	Name: Ian G.H. Ashken
		 	Title:   Vice Chairman and Chief Financial Officer
		
		 	RESTRICTED STOCKHOLDER
		
		 	 /s/ James E. Lillie

		 	Name: James E. Lillie
		
		 	Address:Separation Pay Agreement and General Release

 Exhibit 10.1 
 AGREEMENT AND GENERAL RELEASE 
 THIS SEPARATION PAY AGREEMENT AND
GENERAL RELEASE (the “Agreement”) dated as of January 5, 2011, is entered into between Frank D. Forward (the “Executive”), and BJ’s Wholesale Club, Inc. (“BJ’s”) a Delaware corporation, whose principal
office is One Mercer Road, Natick, Massachusetts 01760. 
 WHEREAS, the parties wish to resolve finally the Executive’s
conclusion of employment with BJ’s and any claims that the Executive may have arising out of the Executive’s employment with BJ’s, and establish the terms of a transition with a release of claims; 

NOW, THEREFORE, in consideration of the promises and conditions set forth herein, the sufficiency of which is hereby acknowledged,
BJ’s and the Executive agree as follows: 
  

	1.	Employment End Date. The Executive’s duties and responsibilities as Executive Vice President, Chief Financial Officer of BJ’s will terminate on
January 29, 2011 (the “Employment End Date”). 

  

	2.	Severance Compensation and Benefits. In return for the execution and non-revocation of the Agreement no later than February 4, 2011, and provided that on or
before such date the Executive signs and does not revoke the release attached hereto as Exhibit A, BJ’s agrees to provide the Executive with the following compensation and benefits: 

 

	 	a)	Separation Pay. Executive shall receive weekly payments in accordance with BJ’s regular payroll practices of $9,904.00 for the period commencing on
January 29, 2011 and ending on March 9, 2012, less all applicable withholding for income and employment taxes. BJ’s and Executive acknowledge that Executive’s separation from service with BJ’s is voluntary, that Executive
is, therefore, not entitled to separation pay under any other agreement, including an Employment Agreement dated August 1, 2008, and that Executive’s right to separation pay arises solely under this Agreement and constitutes consideration
beyond that to which he was previously entitled. 

  

	 	b)	Additional Payment. In addition, BJ’s shall pay Executive the separate sum of $455,568 divided into weekly installments commencing March 16, 2012 and
ending February 1, 2013. 

  

	 	c)	Insurance Benefits. Executive and his family will be covered by BJ’s medical, dental and life insurance plans from January 29, 2011 through
February 1, 2013 to the extent that they receive such coverage as of the Employment End Date; thereafter Executive will be eligible to participate in BJ’s COBRA program for a period of three years, and thereafter Executive and spouse will
be eligible to participate in BJ’s retiree medical program. 

  

	 	d)	Restricted Stock Awards. In recognition of the forfeiture of the Executive’s unvested restricted stock which may result under the terms of BJ’s stock
incentive plans as a result of Executive’s ending his employment with BJ’s, the Executive shall receive the following payments on the dates indicated: 

 

					
	 Payment Date
	  	Payment Amount	 
	 7/29/11
	  	$	660,000	  
	 5/21/12
	  	$	660,000	  
	 6/6/13
	  	$	440,000	  

  

	 	e)	Other Benefits. Except as provided above, the Executive’s eligibility to participate in any of BJ’s employee benefits plans and programs shall cease.

  

	 	f)	Estate Payments. In the event of Executive’s death, any of the amounts set out in paragraphs (a), (b) and (d) of this Section shall be paid to the
Executive’s estate. 

  

	3.	Agreement Not to Solicit or Compete. 

  

	 	a)	From January 29, 2011 through February 1, 2013, the Executive will not directly or indirectly: 

 

	 	1)	Engage in any business or enterprise (whether as owner, partner, officer, director, employee, consultant, investor, lender or otherwise, except as the holder of not
more than 1% of the outstanding stock of a publicly-held company) that is competitive with BJ’s business, including any store or business operated or owned by Wal-Mart Stores, Inc., Costco Wholesale Corporation, or any of the respective
affiliates thereof; or 

  

	 	2)	Either alone or in association with others (i) solicit, or permit any organization directly or indirectly controlled by the Executive to solicit, any employee of
BJ’s to leave the employ of BJ’s, or (ii) solicit for employment, hire or engage as an independent contractor, or permit any organization directly or indirectly controlled by the Executive to solicit for employment, hire or engage as
an independent contractor, any person employed by BJ’s during the period January 29, 2011 through February 1, 2013. 

  

	 	b)	Interpretation. If any restriction set forth in Section 3(a) is found by any court to be unenforceable because it extends for too long a period of time or
over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend to the maximum extent it may be enforceable. 

  

	 	c)	Equitable Remedies. The restrictions contained in this Section 3 are necessary for the protection of the business and goodwill of BJ’s and are
considered by the Executive to be reasonable for such purpose. The Executive agrees that, in the event of any such breach or threatened breach of this section, in addition to such other remedies which may be available, BJ’s shall have the right
to obtain an injunction from a court restraining such a breach or threatened breach and the right to specific performance of the provisions of this Section 3, and the Executive hereby waives the adequacy of a remedy at law as a defense to such
relief. 

  

	4.	Proprietary Information. 

  

	 	a)	The Executive agrees that all information, whether or not in writing, of a private, secret or confidential nature concerning BJ’s business, business relationships
or financial affairs (collectively, “Proprietary Information”) is and shall be the exclusive property of BJ’s. 

  

	 	b)	The Executive agrees that all documents, electronic or other tangible material containing Proprietary Information, whether created by the Executive or others shall be
and are the exclusive property of BJ’s. All such materials or copies thereof and all tangible property of BJ’s, shall be delivered to BJ’s upon the earlier of (i) a request by BJ’s or (ii) the Employment End Date,
unless such materials are necessary for Executives continued work with BJ’s under a written contractual arrangement. 

  

					
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	 	c)	The Executive agrees not to disclose or to use information and materials of the types set forth in paragraphs (a) and (b) above without written approval by an
executive officer of BJ’s. 

  

	 	d)	The restrictions contained in this Section 4 are necessary for the protection of the business and goodwill of BJ’s and are considered by the Executive to be
reasonable. The Executive agrees that any breach of this Section 4 is likely to cause BJ’s substantial and irrevocable damage which is difficult to measure. Therefore, in the event of any such breach or threatened breach, the Executive
agrees that BJ’s, in addition to such other remedies which may be available, shall have the right to obtain an injunction restraining such a breach or threatened breach and the right to specific performance of the provisions of this
Section 4, and the Executive hereby waives the adequacy of a remedy at law as a defense to such relief. 

  

	5.	Release of Claims. In consideration of BJ’s entering into this Agreement and the promises and benefits provided herein, the Executive hereby fully, forever,
irrevocably and unconditionally releases, remises and discharges BJ’s and its current and former officers, directors, stockholders, corporate affiliates, subsidiaries, predecessors, agents, employees and attorneys (the “Released
Parties”) from any and all claims, actions and causes of action, whether now known or unknown, that he has or at any other time had, or shall or may have against those Released Parties based upon or arising out of any matter, cause, fact,
thing, act or omission whatsoever occurring or existing at any time up to and including the date on which he signs this Agreement, including, but not limited to, any common law or statutory claims relating to his employment or termination from
employment such as claims of wrongful termination in violation of public policy or under any other theory, breach of contract, fraud, negligent misrepresentation, defamation, infliction of emotional distress, or any other tort claim; claims of
discrimination or harassment based upon national origin, race, age, sex, disability, sexual orientation or retaliation under the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act, the Americans With
Disabilities Act, or any other applicable Federal, State, or local law prohibiting discrimination; claims under the federal Family and Medical Leave Act, the Worker Adjustment and Retraining Notification Act or any other federal, state or local law,
rule, regulation or ordinance that is applicable to my employment with the Company; or claims for vacation, sick or personal leave pay, short term or long term disability benefits, or payment pursuant to any practice, policy, handbook or manual of
BJ’s. Executive acknowledges that he has no lawsuits, claims or actions pending in his name or on his behalf against the Released Parties, and also expressly waives any and all remedies that may be available under any statute or the common law,
including, without limitation, back pay, front pay, other damages, attorney’s fees, court costs and reinstatement. 

  

	6.	Indemnification. BJ’s agrees to hold harmless and indemnify Executive, including reasonable attorney’s fees, costs and for all claims arising out of
any lawsuits, charges of discrimination, or wage claims, for which the Executive would be indemnified if an employee of BJ’s. 

  

	7.	Future Cooperation. Following the Employment End Date, the Executive agrees to cooperate with BJ’s and all of its affiliates (including its outside counsel)
in connection with the contemplation, prosecution and defense of existing, past and future litigation and regulatory or administrative actions about which BJ’s believes the Executive may have knowledge. 

 

	8.	Notices. Any and all notices to be given hereunder shall be in writing and shall be given to another party if personally served, or if sent by Federal Express or
a similar national overnight carrier (“Federal Express”). If such notice is served personally, notice shall be deemed constructively made at the time of such personal service. If such notice, is given by Federal Express, such notice shall
be conclusively deemed given one day after delivery to Federal Express addressed to the party to whom such notice is to be given as follows: 

  

			
	If to Executive:	  	Frank D. Forward.
		  	At his home address as of the date of this Agreement
		
	If to the Company:	  	General Counsel
		  	BJ’s Wholesale Club, Inc
		  	25 Research Drive
		  	Westborough, MA 01581

  

					
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	9.	Amendment. This Agreement shall be binding upon the parties and may not be modified in any manner, except by an instrument in writing of concurrent or subsequent
date signed by duly authorized representatives of the parties hereto. 

  

	10.	Assignment. The rights and obligations of BJ’s shall inure to the benefit of and shall be binding upon the successors and assigns of BJ’s. The rights
and obligations of the Executive are not assignable except only those payments payable to the Executive after the Executive’s death, which shall be made to the Executive’s estate. 

 

	11.	Waiver of Rights. No delay or omission by BJ’s in exercising any right under this Agreement shall operate as a waiver of that or any other right. A waiver
or consent given by BJ’s on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion. 

 

	12.	Validity. Should any provision of this Agreement be declared or be determined by any court of competent jurisdiction to be illegal or invalid, excluding the
general release language, the validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal or invalid part, term or provision shall be deemed not to be a part of this Agreement. However, if the general release
language is found to be invalid, the Executive agrees to execute a valid release of the claims which are the subject of this Agreement. 

  

	13.	Confidentiality. The Executive understands and agrees that as a condition for payment to the Executive of separation pay pursuant to Section 2, the terms
and contents of this Agreement and the contents of the negotiations and discussions resulting in this Agreement, shall be maintained as confidential by the Executive and the Executive’s spouse, advisors and attorneys and shall not be disclosed
except to the extent required by federal or state law or as otherwise agreed to in writing by BJ’s. 

  

	14.	Acknowledgments and Revocation. The Executive affirms that no other promises or agreements of any kind have been made to or with the Executive by any person or
entity to cause the Executive to sign this Agreement and that he understands the terms herein. The Executive acknowledges that the Executive has been given at least twenty-one days to consider this Agreement, and that BJ’s has advised the
Executive to consult with an attorney of his own choosing prior to signing this Agreement. The Executive further understands that he may revoke this Agreement for a period of seven days after the Executive signs it. Any revocation within this period
must be submitted, in writing, as provided for in Section 8 of this Agreement. This Agreement shall not be effective or enforceable until the expiration of the revocation period. Executive understands and agrees that by entering into this
Agreement he is waiving all rights or claims the Executive might have under The Age Discrimination in Employment Act, as amended by The Older Workers Benefit Protection Act, and that the Executive has received consideration beyond that to which he
was previously entitled. 

  

					
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	15.	Applicable Law. This Agreement shall be interpreted and construed in accordance with the laws of the Commonwealth of Massachusetts, without regard to conflict of
laws provisions, and Executive consents to jurisdiction of the courts of the Commonwealth of Massachusetts for the resolution of any matter arising under this Agreement. 

 

	16.	Entire Agreement. This Agreement contains and constitutes the entire understanding and agreement between the parties hereto with respect to Executive’s
termination of employment with BJ’s, separation pay and the settlement of claims against BJ’s and cancels all previous oral and written negotiations, agreements, commitments and writings in connection therewith. 

IN WITNESS WHEREOF, the parties hereto set their hands and seals to this Agreement as of the day and year first above written.

  

			
	 /s/    Frank D. Forward

	 Frank D. Forward

	
	 BJ’S WHOLESALE CLUB, INC

		
	By	 	 /s/ Laura J. Sen

	 Laura J. Sen

	 President and Chief Executive Officer

  

					
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 EXHIBIT A 
 GENERAL RELEASE 
 In consideration of the promises made in the SEPARATION PAY
AGREEMENT AND GENERAL RELEASE dated January 5, 2011, between Frank Forward (the “Executive”) and BJ’s Wholesale Club, Inc. (“BJ’s”), the Executive hereby fully, forever, irrevocably and unconditionally releases,
remises and discharges BJ’s and its current and former officers, directors, stockholders, corporate affiliates, subsidiaries, predecessors, agents, employees and attorneys (the “Released Parties”) from any and all claims, actions and
causes of action, whether now known or unknown, that he has or at any other time had, or shall or may have against those Released Parties based upon or arising out of any matter, cause, fact, thing, act or omission whatsoever occurring or existing
at any time up to and including the date on which he signs this Agreement, including, but not limited to, any common law or statutory claims relating to his employment or termination from employment such as claims of wrongful termination in
violation of public policy or under any other theory, breach of contract, fraud, negligent misrepresentation, defamation, infliction of emotional distress, or any other tort claim; claims of discrimination or harassment based upon national origin,
race, age, sex, disability, sexual orientation or retaliation under the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act, the Americans With Disabilities Act, or any other applicable Federal, State, or
local law prohibiting discrimination; claims under the federal Family and Medical Leave Act, the Worker Adjustment and Retraining Notification Act or any other federal, state or local law, rule, regulation or ordinance that is applicable to my
employment with the Company; or claims for vacation, sick or personal leave pay, short term or long term disability benefits, or payment pursuant to any practice, policy, handbook or manual of BJ’s. Executive acknowledges that he has no
lawsuits, claims or actions pending in his name or on his behalf against the Released Parties, and also expressly waives any and all remedies that may be available under any statute or the common law, including, without limitation, back pay, front
pay, other damages, attorney’s fees, court costs and reinstatement. 
  

					
	   January 5, 2011
	 	 	 	   /s/ Frank D. Forward

	Date	 		 	Frank D. Forward

  

					
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