Document:

EX-10.14

 Exhibit 10.14 

ALBERTSONS COMPANIES, INC. 
 2001
STOCK OPTION PLAN 
  

	1.	Purpose. 

 The Albertsons Companies, Inc. 2001 Stock Option Plan (the “Plan”)
was originally adopted and approved by the Board of Directors of Rite Aid Corporation and became effective as of February 13, 2001. The Plan is hereby amended and restated to reflect the assumption of the Plan and all Awards thereunder by the
Company and renamed as the “Albertsons Companies, Inc. 2004 Omnibus Equity Plan.” 
  

	2.	Definitions. 

 (a)    “Affiliate” shall have the meaning
set forth in Rule 12b-2 promulgated under Section 12 of the Exchange Act. 

(b)    “Board” means the Board of Directors of the Company. 

(c)    “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

(d)    “Committee” means the Compensation Committee of the Board which shall, subject to the unfettered right of
the Board to act as the Committee, administer the Plan. 
 (e)    “Company” means (i) prior to the Merger
Date, Rite Aid Corporation, a Delaware corporation, and, where appropriate, each of its Affiliates, and (ii) following the Merger Date, Albertsons Companies, Inc., a corporation organized under the laws of the State of Delaware, or any
successor corporation. 
 (f)    “Effective Date” means February 13, 2001. 

(g)    “Employee” means a current or former Employee of the Company or any Subsidiary or Affiliate. 

(h)    “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 

(i)    “Fair Market Value” means the fair market value of such Stock determined by such methods or procedures as
shall be established from time to time by the Committee. Unless otherwise determined by the Committee in good faith, the per share Fair Market Value of Stock as of a particular date shall mean (i) the closing price per share of Stock on such
date on the national securities exchange on which the Stock is principally traded, or (ii) if the shares of Stock are then traded in an over-the-counter market, the
average of the closing bid and asked prices for the shares of Stock in such over-the-counter market for the last preceding date on which there was a sale of such Stock
in such market, or (iii) if the shares of Stock are not then listed on a national securities exchange or traded in an over-the-counter market, such value as the
Committee, in its sole discretion, shall determine. 

 (j)    “Merger Date” shall mean the date of the consummation of the
transactions contemplated by the Agreement and Plan of Merger, dated as of February 18, 2018, by and among Rite Aid Corporation, the Company, Ranch Acquisition II LLC, and Ranch Acquisition Corp. 

(k)    “NQSO” means an Option that is designated as a nonqualified stock option. 

(l)    “Option” means a right granted to an Employee under Section 6, to purchase shares of Stock. 

(m)    “Option Agreement” means any written agreement, contract, or other instrument or document evidencing an
Option. 
 (n)    “Plan” means this Albertsons Companies, Inc. 2001 Stock Option Plan, as amended from time to
time. 
 (o)    “Stock” means (i) prior to the Merger Date, shares of common stock, par value $1.00 per
share, of Rite Aid Corporation, and (ii) following the Merger Date, shares of common stock, par value $0.01 per share, of the Company. 

(p)    “Subsidiary” means any corporation in an unbroken chain of corporations beginning with the Company if, at
the time of granting of an Option, each of the corporations (other than the last corporation in the unbroken chain) owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in the
chain. 
  

	3.	Administration. 

 The Plan shall be administered by the Committee. The Committee shall
have the authority in its discretion, subject to and not inconsistent with the express provisions of the Plan, to administer the Plan and to exercise all the powers and authorities either specifically granted to it under the Plan or necessary or
advisable in the administration of the Plan, including, without limitation, the authority to grant Options; to determine the persons to whom and the time or times at which Options shall be granted; to determine the number of shares of Stock to which
an Option may relate and the terms, conditions and restrictions relating to any Option; to determine whether, to what extent, and under what circumstances an Option may be settled, canceled, forfeited, exchanged, or surrendered; to make adjustments
in the terms and conditions applicable to Options; to designate Affiliates; to construe and interpret the Plan; to prescribe, amend and rescind rules and regulations relating to the Plan; to determine the terms and provisions of the Option
Agreements (which need not be identical for each Employee); and to make all other determinations deemed necessary or advisable for the administration of the Plan. 

All determinations of the Committee shall be made by a majority of its members either present in person or participating by conference
telephone at a meeting or by written consent. The Committee may delegate to one or more of its members or to one or more agents such administrative duties as it may deem advisable, and the Committee or any person to whom it has delegated duties as
aforesaid may employ one or more persons to render advice with respect to any responsibility the Committee or such person may have under the Plan. All decisions, determinations and interpretations of the Committee shall be final and binding on all
persons, including the Company, and any Subsidiary, Affiliate or Employee (or any person claiming any rights under the Plan from or through any Employee) and any stockholder. 

  
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 No member of the Board or Committee shall be liable for any action taken or determination made in
good faith with respect to the Plan or any Option granted hereunder. 
  

	4.	Eligibility. 

 Options may be granted only to Employees of the Company, or of any of its
Subsidiaries and Affiliates. In determining the persons to whom Options shall be granted, the Committee shall take into account such factors as the Committee shall deem relevant in connection with accomplishing the purposes of the Plan. 

 

	5.	Stock Subject to the Plan. 

 Shares issued under the Plan may, in whole or in part, be
authorized but unissued shares or shares that shall have been or may be reacquired by the Company in the open market, in private transactions or otherwise. Notwithstanding anything herein to the contrary, no Options shall be granted under the Plan
following the Merger Date. 
 In the event that the Committee shall determine that any dividend or other distribution (whether in the form
of cash, Stock, or other property), recapitalization, Stock split, reverse split, reorganization, merger, consolidation, spin-off, combination, repurchase, or share exchange, or other similar corporate
transaction or event, affects the Stock such that an adjustment is appropriate in order to prevent dilution or enlargement of the rights of any Employee to whom an Option has been granted under the Plan, then the Committee shall make such equitable
changes or adjustments as it deems necessary or appropriate to any or all of (i) the number and kind of shares of Stock or other property (including cash) that may thereafter be issued in connection with Options, (ii) the number and kind
of shares of Stock or other property (including cash) issued or issuable in respect of outstanding Options and (iii) the exercise price relating to any Option. 
  

	6.	Terms and Conditions of Options. 

 (a)    The Committee is authorized
to grant Options to Employees, as deemed by the Committee to be consistent with the purposes of the Plan. The Committee shall determine the terms and conditions of such Options at the date of grant or thereafter. The Option Agreement evidencing the
grant of an Option under the Plan shall designate the Option as a Nonqualified Stock Option. 
 (b)    The exercise
price per share of Stock purchasable under an Option shall be determined by the Committee; provided, however, that the Option price shall not be less than the Fair Market Value on the date of the grant. The exercise price for Stock subject to an
Option may be paid in cash or by an exchange of Stock previously owned by the Employee, or a combination of both, in an amount having a combined value equal to such exercise price. An Employee to whom an Option has been granted may also elect to pay
all or a portion of the aggregate exercise price by having shares of Stock with a Fair Market Value on the date of exercise equal to the aggregate exercise price withheld by the Company or sold by a broker-dealer. 

  
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 (c)    Options shall be exercisable over the exercise period (which shall not
exceed ten years from the date of grant), at such times and upon such conditions as the Committee may determine, as reflected in the Option Agreement; provided that, the Committee shall have the authority to accelerate the exercisability of any
outstanding Option at such time and under such circumstances, as it, in its sole discretion, deems appropriate. An Option may be exercised to the extent of any or all full shares of Stock as to which the Option has become exercisable, by giving
written notice of such exercise to the Committee or its designated agent. 
 (d)    Except as otherwise provided in this
subsection, an Option may not be exercised unless the Employee is then in the employ of the Company or a Subsidiary or an Affiliate (or a company or a parent or subsidiary company of such company issuing or assuming the Option in a transaction to
which Section 424(a) of the Code applies), and unless the Employee has remained continuously so employed, or continuously maintained such relationship, since the date of grant of the Option; provided that (1) an employee whose employment
terminates other than for cause shall be entitled to exercise all Options which were vested at the date of termination of employment until the earlier of the close of business on the date that is (a) 90 days from the date of termination of
employment or (b) 10 years from the date the Option was granted, (2) an employee whose employment terminates by reason of death shall be entitled to exercise all Options which were vested at the date of death until the earlier of the close of
business on the date that is (a) one year from the date of death or (b) 10 years from the date the Option was granted and (3) the Option Agreement may contain provisions extending the exercisability of Options, in such events as the
Committee may determine at the date of grant, or thereafter, to a date not later than 10 years from the date the Option was granted. 

(e)    Options may be subject to such other conditions including, but not limited to, restrictions on transferability of
the shares acquired upon exercise of such Options, as the Committee may prescribe in its discretion or as may be required by applicable law. 
  

	7.	General Provisions. 

 (a)    Nontransferability. Unless
otherwise provided in an Option Agreement, Options shall not be transferable by an Employee except by will or the laws of descent and distribution and shall be exercisable during the lifetime of an Employee only by such Employee or his guardian or
legal representative. 
 (b)    No Right to Continued Employment. Nothing in the Plan or in any Option granted
under the Plan or in any Option Agreement or other agreement entered into pursuant hereto shall confer upon any Employee the right to continue in the employ of the Company, any Subsidiary or any Affiliate or to be entitled to any remuneration or
benefits not set forth in the Plan or such Option Agreement or other agreement or to interfere with or limit in any way the right of the Company or any such Subsidiary or Affiliate to terminate such Employee’s employment. 

(c)    Withholding and Other Taxes. The Company or any Subsidiary or Affiliate is authorized to withhold from any
payment relating to an Option under the Plan, amounts of withholding and other taxes due with respect thereto, and to take such other action as the Committee may deem advisable to enable the Company and Employee to satisfy obligations for the
payment of withholding taxes and other tax obligations relating to any Option. This authority shall include authority to withhold or receive Stock or other property and to make cash payments in respect thereof in satisfaction of an Employee’s
tax obligations. 

  
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 (d)    Amendment and Termination. The Board may at any time and from
time to time alter, amend, suspend, or terminate the Plan in whole or in part. Notwithstanding the foregoing, no amendment shall affect adversely any of the rights of any Employee, without such Employee’s consent, under any Option theretofore
granted under the Plan. Unless earlier terminated by the Board pursuant to the provisions of the Plan, the Plan shall terminate on the tenth anniversary of its Effective Date. Notwithstanding anything herein to the contrary, no Options shall be
granted under the Plan after the Merger Date. 
 (e)    No Rights to Options; No Stockholder Rights. No Employee
shall have any claim to be granted any Option under the Plan, and there is no obligation for uniformity of treatment of Employees. Except as provided specifically herein, an Employee or a transferee of an Option shall have no rights as a stockholder
with respect to any shares covered by the Option until the date of the issuance of a stock certificate to him for such shares. 

(f)    No Fractional Shares. No fractional shares of Stock shall be issued or delivered pursuant to the Plan or any
Option. The Committee shall determine whether cash or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated. 

(g)    Regulations and Other Approvals. 

(i)    The obligation of the Company to sell or deliver Stock with respect to any Option granted under the Plan shall be
subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed necessary or appropriate by the Committee. 

(ii)    Each Option is subject to the requirement that, if at any time the Committee determines, in its absolute
discretion, that the listing, registration or qualification of Stock issuable pursuant to the Plan is required by any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body is necessary
or desirable as a condition of, or in connection with, the grant of an Option or the issuance of Stock, no such Option shall be granted or payment made or Stock issued, in whole or in part, unless listing, registration, qualification, consent or
approval has been effected or obtained free of any conditions not acceptable to the Committee. 
 (iii)    In the event
that the disposition of Common Stock acquired pursuant to the Plan is not covered by a then current registration statement under the Securities Act of 1933, as amended (the “Securities Act”), and is not otherwise exempt from such
registration, such Stock shall be restricted against transfer to the extent required by the Securities Act or regulations thereunder, and the Committee may require an Employee receiving Stock pursuant to the Plan, as a condition precedent to receipt
of such Stock, to represent to the Company in writing that the Stock acquired by such Employee is acquired for investment only and not with a view to distribution. 

  
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 (iv)    In the event that at the date a vested Option is to expire, the
disposition of Common Stock issuable upon exercise of that Option is not covered by a then current registration statement under the Securities Act, the expiration date of such Option shall be extended to the close of business on that date which is
the earlier of the close of business on that date which is (1) 90 days after the date the disposition of Common Stock issuable upon exercise of that Option is covered by a then current registration statement under the Securities Act or (2) 10
years from the date the Option was granted. 
 (h)    Governing Law. The Plan and all determinations made and
actions taken pursuant hereto shall be governed by the laws of the State of Delaware without giving effect to the conflict of laws principles thereof. 

  
 6EX-10.15

 Exhibit 10.15 

ALBERTSONS COMPANIES, INC. 
 2000
OMNIBUS EQUITY PLAN 
  

	1.	Purpose; Establishment. 

 The Albertsons Companies, Inc. 2000 Omnibus Equity Plan (the
“Plan”) was originally adopted and approved by the Board of Directors of Rite Aid Corporation and become effective as of December 6, 2000, upon the approval of the shareholders of Rite Aid Corporation. The Plan is hereby amended and
restated to reflect the assumption of the Plan and all Awards thereunder by the Company and renamed as the “Albertsons Companies, Inc. 2000 Omnibus Equity Plan.” 
  

	2.	Definitions. 

 As used in the Plan, the following definitions apply to the terms
indicated below: 
 (a)    “Affiliate” means any entity if, at the time of granting of an Award (A) the
Company, directly or indirectly, owns at least 50% of the combined voting power of all classes of stock of such entity or at least 50% of the ownership interests in such entity or (B) such entity, directly or indirectly, owns at least 50% of
the combined voting power of all classes of stock of the Company. 
 (b)    “Agreement” shall mean the written
agreement between the Company and a Participant evidencing an Award. 
 (c)    “Award” shall mean any Option,
Restricted Stock, Phantom Stock, Stock Bonus or Other Award granted pursuant to the terms of the Plan. 

(d)    “Board of Directors” shall mean the Board of Directors of the Company. 

(e)    “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and any regulations
promulgated thereunder. 
 (f)    “Committee” shall mean, at the discretion of the Board of Directors, the
full Board of Directors or a committee of the Board of Directors, which shall consist of two or more persons, each of whom, unless otherwise determined by the Board of Directors, is a “nonemployee director” within the meaning of Rule 16b-3; provided that, with respect to Awards granted on or before November 2, 2017 and that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code, the
members of the Committee shall also be “outside directors” within the meaning of Section 162(m) of the Code. 

(g)    “Company” shall mean (i) prior to the Merger Date, Rite Aid Corporation, a Delaware corporation,
and, where appropriate, each of its Affiliates, and (ii) following the Merger Date, Albertsons Companies, Inc., a Delaware corporation, and, where appropriate, each of its Affiliates. 

 (h)    “Company Stock” shall mean (i) prior to the Merger
Date, the common stock of Rite Aid Corporation, par value $1.00 per share, and (ii) following the Merger Date, the common stock of the Company, par value $0.01 per share. 

(i)    “Covered Employee” shall have the meaning set forth in Section 162(m) of the Code. 

(j)    “Effective Date” shall mean December 6, 2000. 

(k)    “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 

(l)    The “Fair Market Value” of a share of Company Stock shall mean the average of the high and low price of
Company Stock as quoted on the composite tape of the New York Stock Exchange and published in The Wall Street Journal with respect to the date on which the fair market value is to be determined, or if there is no trading of Company Stock on such
date, such price on the next date on which there is trading in such shares. 
 (m)    “Incentive Stock Option”
shall mean an Option that is an “incentive stock option” within the meaning of Section 422 of the Code, or any successor provision, and that is designated by the Committee as an Incentive Stock Option. 

(n)    “Merger Date” shall mean the date of the consummation of the transactions contemplated by the Agreement
and Plan of Merger, dated as of February 18, 2018, by and among Rite Aid Corporation, the Company, Ranch Acquisition II LLC, and Ranch Acquisition Corp.. 

(o)    “Nonqualified Stock Option” shall mean an Option other than an Incentive Stock Option. 

(p)    “Option” shall mean an option to purchase shares of Company Stock granted pursuant to Section 7.

 (q)    “Other Award” shall mean an award granted pursuant to Section 11 hereof. 

(r)    “Participant” shall mean a current or former employee or consultant of the Company to whom an Award was
granted pursuant to the Plan, or upon the death of the employee or consultant, his or her successors, heirs, executors and administrators, as the case may be. 

(s)    “Phantom Stock” shall mean the right, granted pursuant to Section 9, to receive in cash, shares or
other property the Fair Market Value of a share of Company Stock. 
 (t)    “Reload Option” shall mean a
Nonqualified Stock Option granted pursuant to Section 7(c)(5). 

  
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 (u)    “Restricted Stock” shall mean a share of Company Stock which
is granted pursuant to the terms of Section 8 hereof and which is subject to restrictions as set forth in Section 8(d). 

(v)    “Rule 16b-3” shall mean the Rule
16b-3 promulgated under the Exchange Act, as amended from time to time. 

(w)    “Section 162(m) of the Code” shall mean Section 162(m) of the Code as in effect prior to
January 1, 2018. 
 (x)    “Securities Act” shall mean the Securities Act of 1933, as amended from time
to time. 
 (y)    “Stock Appreciation Right” shall mean the right to receive an amount up to the excess of
the Fair Market Value of a share of Company Stock (as determined on the date of exercise), over (i) if the Stock Appreciation Right is not related to an Option, the purchase price of a share of Company Stock on the date the Stock Appreciation
Right was granted, or (ii) if the Stock Appreciation Right is related to an Option, the purchase price of a share of Company Stock specified in the related Option, and pursuant to such further terms and conditions as are provided under
Section 11. 
 (z)    “Stock Bonus” shall mean a bonus payable in shares of Company Stock granted
pursuant to Section 10. 
 (aa)    “Subsidiary” shall mean a “subsidiary corporation” within
the meaning of Section 424(f) of the Code. 
 (bb)    “Vesting Date” shall mean the date established by
the Committee on which a share of Restricted Stock or Phantom Stock may vest. 
  

	3.	Stock Subject to the Plan. 

 (a)    Shares Available for
Awards. Shares issued under the Plan may be authorized but unissued Company Stock or authorized and issued Company Stock held in the Company’s treasury. The Committee may direct that any stock certificate evidencing shares issued pursuant
to the Plan shall bear a legend setting forth such restrictions on transferability as may apply to such shares pursuant to the Plan. Notwithstanding anything herein to the contrary, no Awards shall be made under the Plan following the Merger Date.

 (b)    Adjustment for Change in Capitalization. In the event that any dividend or other distribution is
declared (whether in the form of cash, Company Stock, or other property), or there occurs any recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, spin-off, combination,
repurchase, or share exchange, or other similar corporate transaction or event, unless otherwise determined by the Committee in its sole and absolute discretion, (1) the number and kind of shares of stock which may thereafter be issued in
connection with Awards, (2) the number and kind of shares of stock or other property issued or issuable in respect of outstanding Awards, (3) the exercise price, grant price or purchase price relating to any Award, and (4) the maximum
number of shares subject to Awards which may be awarded to any 

  
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employee during any tax year of the Company shall be equitably adjusted as necessary to prevent the dilution or enlargement of the rights of Participants; provided that, with respect to Incentive
Stock Options, such adjustment shall be made in accordance with Section 424 of the Code. 
 (c)    Adjustment
for Change or Exchange of Shares for Other Consideration. In the event the outstanding shares of Company Stock shall be changed into or exchanged for any other class or series of capital stock or cash, securities or other property pursuant to a
recapitalization, reclassification, merger, consolidation, combination or similar transaction (“Transaction”), then, unless otherwise determined by the Committee in its sole and absolute discretion, (1) each Option shall thereafter
become exercisable for the number and/or kind of capital stock, and/or the amount of cash, securities or other property so distributed, into which the shares of Company Stock subject to the Option would have been changed or exchanged had the Option
been exercised in full prior to such transaction, provided that, if necessary, the provisions of the Option shall be appropriately adjusted so as to be applicable, as nearly as may reasonably be, to any shares of capital stock, cash, securities or
other property thereafter issuable or deliverable upon exercise of the Option, and (2) each Award that is not an Option and that is not automatically changed in connection with the Transaction shall represent the number and/or kind of shares of
capital stock, and/or the amount of cash, securities or other property so distributed, into which the number of shares of Company Stock covered by the Award would have been changed or exchanged had they been held by a shareholder of the Company.

 (d)    Reuse of Shares. The following shares of Company Stock shall again become available for Awards:
(1) any shares subject to an Award that remain unissued upon the cancellation, surrender, exchange or termination of such award for any reason whatsoever; and any shares of Restricted Stock forfeited and (2) any previously owned or
withheld shares of Company Stock obtained by the Participant pursuant to an Option exercise and received by the Company in exchange for Option shares upon a Participant’s exercise of an Option, as permitted under Section 7(c)(3) hereof.

  

	4.	Administration of the Plan. 

 The Plan shall be administered by the Committee. The
Committee shall have the authority in its sole discretion, subject to and not inconsistent with the express provisions of the Plan, to administer the Plan and to exercise all the powers and authorities either specifically granted to it under the
Plan or necessary or advisable in the administration of the Plan, including, without limitation, the authority to grant Awards; to determine the persons to whom and the time or times at which Awards shall be granted; to determine the type and number
of Awards to be granted, the number of shares of Company Stock to which an Award may relate and the terms, conditions, restrictions and performance criteria relating to any Award; to determine whether, to what extent, and under what circumstances an
Award may be settled, cancelled, forfeited, exchanged, or surrendered; to make adjustments in the performance goals in recognition of unusual or nonrecurring events affecting the Company or the financial statements of the Company, or in response to
changes in applicable laws, regulations, or accounting principles; to construe and interpret the Plan and any Award; to prescribe, amend and rescind rules and regulations relating to the Plan; to determine the terms and provisions of Agreements; and
to make all other determinations deemed necessary or advisable for the administration of the Plan. 

  
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 The Committee may, in its sole and absolute discretion, without amendment to the Plan,
(a) accelerate the date on which any Option granted under the Plan becomes exercisable, waive or amend the operation of Plan provisions respecting exercise after termination of employment or otherwise adjust any of the terms of such Option, and
(b) accelerate the Vesting Date, or waive any condition imposed here under, with respect to any share of Restricted Stock, Phantom Stock or other Award or otherwise adjust any of the terms applicable to any such Award. 

 

	5.	Eligibility. 

 The persons who shall be eligible to receive Awards pursuant to the Plan
shall be such employees of the Company or an Affiliate (including officers of the Company or an Affiliate, whether or not they are directors of the Company or Affiliate) and nonemployee service providers and consultants, in each case as the
Committee shall select from time to time. The grant of an Award hereunder in any year to any employee, service provider or consultant shall not entitle such person to a grant of an Award in any future year. 

 

	6.	Awards Under the Plan; Agreement. 

 The Committee may grant Options, shares of Restricted
Stock, shares of Phantom Stock, Stock Bonuses and Other Awards in such amounts and with such terms and conditions as the Committee shall determine, subject to the provisions of the Plan. Each Award granted under the Plan (except an unconditional
Stock Bonus) shall be evidenced by an Agreement which shall contain such provisions as the Committee may in its sole discretion deem necessary or desirable which are not in conflict with the terms of the Plan. By accepting an Award, a Participant
thereby agrees that the award shall be subject to all of the terms and provisions of the Plan and the applicable Agreement. 
  

	7.	Options. 

 (a)    Identification of Options. Each Option shall
be clearly identified in the applicable Agreement as either an Incentive Stock Option or a Nonqualified Stock Option. 

(b)    Exercise Price. Each Agreement with respect to an Option shall set forth the amount (the “option
exercise price”) payable by the grantee to the Company upon exercise of the Option. Subject to Section 7(d) hereof, the option exercise price per share shall be determined by the Committee at the time of grant. 

(c)    Term and Exercise of Options. 

(1)    Each Option shall become exercisable at the time determined by the Committee and set forth in the applicable
Agreement. Subject to Section 7(d) hereof, the Committee shall determine the expiration date of each Option. 

(2)    To the extent that an Option to purchase shares is not exercised by a Participant when it becomes initially
exercisable, it shall not expire but carry forward and shall be exercisable until its expiration or as provided by Section 7(e) hereof. 

  
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 (3)    An Option shall be exercised by delivering notice as specified in the
Agreement on the form of notice provided by the Company. Payment for shares of Company Stock purchased upon the exercise of an Option shall be made on the effective date of such exercise by one or a combination of the following means: (A) in
cash or by personal check, certified check, bank cashier’s check or wire transfer; (B) in shares of Company Stock owned by the Participant for at least six months prior to the date of exercise and valued at their Fair Market Value on the
effective date of such exercise; or (C) by any such other methods as the Committee may from time to time authorize. In the case of a Participant who is subject to Section 16 of the Exchange Act, the Company may require that the method of
making such payment be in compliance with Section 16 and the rules and regulations thereunder. Any payment in shares of Company Stock shall be effected by the delivery of such shares to the Secretary of the Company, duly endorsed in blank or
accompanied by stock powers duly executed in blank, together with any other documents and evidences as the Secretary of the Company shall require. 

(4)    Certificates for shares of Company Stock purchased upon the exercise of an Option shall be issued in the name of or
for the account of the Participant or other person entitled to receive such shares, and delivered to the Participant or such other person as soon as practicable following the effective date on which the Option is exercised. 

(5)    The Committee shall have the authority to specify, at the time of grant or, with respect to Nonqualified Stock
Options, at or after the time of grant, that a Participant shall be granted a new Nonqualified Stock Option (a “Reload Option”) for a number of shares equal to the number of shares surrendered by the Participant upon exercise of all or a
part of an Option in the manner described in Section 7(c)(3)(B) above, subject to the availability of shares of Company Stock under the Plan at the time of such exercise. Reload Options shall be subject to such conditions as may be specified by
the Committee in its discretion, subject to the terms of the Plan. 
 (d)    Limitations on Incentive Stock
Options. 
 (1)    The exercise price per share of Company Stock deliverable upon the exercise of an Incentive Stock
Option shall be not less than the Fair Market Value of a share of Company Stock on the date of grant. 
 (2)    To the
extent that the aggregate Fair Market Value of shares of Company Stock with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year under the Plan and any other stock option plan of the
Company or a Subsidiary shall exceed $100,000, such Options shall be treated as Nonqualified Stock Options. Such Fair Market Value shall be determined as of the date on which each such Incentive Stock Option is granted. 

(3)    No Incentive Stock Option may be granted to an individual if, at the time of the proposed grant, such individual
owns (or is deemed to own under the Code) stock possessing more than ten percent of the total combined voting power of all classes of stock of the Company unless (A) the exercise price of such Incentive Stock Option is at least 110% of the Fair
Market Value of a share of Company Stock at the time such Incentive Stock Option is granted and (B) such Incentive Stock Option is not exercisable after the expiration of five years from the date such Incentive Stock Option is granted. 

  
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 (e)    Effect of Termination of Employment. 

(1)    In the event that the employment of a Participant with the Company and its Affiliates shall terminate for any
reason other than (i) Cause, as defined in the applicable Agreement, or (ii) death, the Options granted to such Participant, to the extent that they are exercisable at the time of such termination, shall remain exercisable for such period
as may be provided in the Agreement (or as may be provided by the Committee), but in no event following the expiration of the Option’s term. The treatment of any Option that remains unexercisable as of the date of termination shall be as set
forth in the Agreement (or as may be otherwise determined by the Committee). 
 (2)    In the event that the employment
of a Participant with the Company and its Affiliates shall terminate on account of the death of the Participant, all Options granted to such Participant that remain outstanding as of the date of death, shall become fully exercisable and shall remain
exercisable by the Participant’s legal representatives, heirs or legatees for such period as may be provided in the Agreement (or as otherwise may be determined by the Committee), but in no event following the expiration of its term. Cessation
of active employment or service due to commencement of long-term disability as determined by the Committee shall not be deemed to constitute a termination of employment or service for purposes of the Plan, and during the continuance of such
long-term disability the individual shall be deemed to continue active employment or service with the Company or Affiliate; provided, however, that the Committee may be in its sole discretion determine that a Participant’s long-term disability
constitutes a permanent disability and may deem such permanent disability to be a termination of employment or service for any or all purposes under this Plan. 

(3)    In the event of the termination of a Participant’s employment for Cause, as defined in the applicable
Agreement, all outstanding Options granted to such Participant shall expire at the commencement of business on the date of such termination. 

(f)    Leave of Absence. In the case of any Participant on an approved leave of absence, the Committee may make
such provision respecting the continuance of the Option while in the employ or service of the Company or an Affiliate as it may deem equitable, except that in no event may an Option be exercised after the expiration of its term. 

 

	8.	Restricted Stock. 

 (a)    Price. At the time of the grant of
shares of Restricted Stock, the Committee shall determine the price, if any, to be paid by the Participant for each share of Restricted Stock subject to the Award. 

(b)    Vesting Date. At the time of the grant of shares of Restricted Stock, the Committee shall establish a
Vesting Date or Vesting Dates with respect to such shares. The Committee may divide such shares into classes and assign a different Vesting Date for each class. Provided that all conditions to the vesting of a share of Restricted Stock imposed
pursuant to Section 8(c) are satisfied, and except as provided in Section 8(h), upon the occurrence of the Vesting Date with respect to a share of Restricted Stock, such share shall vest and the restrictions of Section 8(d) shall
lapse. 

  
 7 

 (c)    Conditions to Vesting. At the time of the grant of shares of
Restricted Stock, the Committee may impose such restrictions or conditions to the vesting of such shares as it, in its absolute discretion, deems appropriate. 

(d)    Restrictions on Transfer Prior to Vesting. Prior to the vesting of a share of Restricted Stock, no transfer
of a Participant’s rights with respect to such share, whether voluntary or involuntary, by operation of law or otherwise, shall be permitted. Immediately upon any attempt to transfer such rights, such share, and all of the rights related
thereto, shall be forfeited by the Participant. 
 (e)    Dividends on Restricted Stock. The Committee in its
discretion may require that any dividends paid on shares of Restricted Stock be held in escrow until all restrictions on such shares have lapsed. 

(f)    Issuance of Certificates. 

(1)    Following the date of grant with respect to shares of Restricted Stock, the Company shall cause to be issued a
stock certificate, registered in the name of or for the account of the Participant to whom such shares were granted, evidencing such shares. Each such stock certificate shall bear the following legend: The transferability of this certificate and the
shares of stock represented hereby are subject to the restrictions, terms and conditions (including forfeiture provisions and restrictions against transfer) contained in the Plan and an Agreement entered into between the registered owner of such
shares and the Company. Such legend shall not be removed until such shares vest pursuant to the terms hereof. 

(2)    Each certificate issued pursuant to this Section 8(f), together with the stock powers relating to the shares
of Restricted Stock evidenced by such certificate, shall be held by the Company unless the Committee determines otherwise. 

(g)    Consequences of Vesting. Upon the vesting of a share of Restricted Stock pursuant to the terms hereof, the
restrictions of Section 8(d) shall lapse with respect to such share. Following the date on which a share of Restricted Stock vests, the Company shall cause to be delivered to the Participant to whom such shares were granted, a certificate
evidencing such share, free of the legend set forth in Section 8(f). 
 (h)    Effect of Termination of
Employment. 
 (1)    Except as the Committee in its sole and absolute discretion may otherwise provide in the
applicable Agreement, and subject to the Committee’s authority under Section 4 hereof, upon the termination of a Participant’s employment for any reason other than Cause, any and all shares to which restrictions on transferability
apply shall be immediately forfeited by the Participant and transferred to, and reacquired by, the Company; provided that if the Committee, in its sole and absolute discretion, shall within thirty (30) days after such termination of employment
notify the Participant in writing of its decision not to terminate the Participant’s rights in such shares, then the Participant shall continue to be the owner of such shares subject to 

  
 8 

 
such continuing restrictions as the Committee may prescribe in such notice. In the event of a forfeiture of shares pursuant to this section, the Company shall repay to the Participant (or the
Participant’s estate) any amount paid by the Participant for such shares. In the event that the Company requires a return of shares, it shall also have the right to require the return of all dividends paid on such shares, whether by termination
of any escrow arrangement under which such dividends are held or otherwise. 
 (2)    In the event of the termination of
a Participant’s employment for Cause, all shares of Restricted Stock granted to such Participant which have not vested as of the date of such termination shall immediately be returned to the Company, together with any dividends paid on such
shares, in return for which the Company shall repay to the Participant any amount paid by the Participant for such shares. 

(i)    Special Provisions Regarding Awards. Notwithstanding anything to the contrary contained herein, Restricted
Stock granted pursuant to this Section 8 to Covered Employees may be based on the attainment of performance goals pre-established by the Committee. To the extent permitted under Section 162(m) of the
Code (including, without limitation, compliance with any requirements for shareholder approval), the Committee may designate additional business criteria on which the performance goals may be based or adjust, modify or amend the aforementioned
business criteria. Such shares of Restricted Stock shall be released from restrictions only after the attainment of such performance measures has been certified by the Committee. 

 

	9.	Phantom Stock. 

 (a)    Vesting Date. At the time of the grant
of shares of Phantom Stock, the Committee shall establish a Vesting Date or Vesting Dates with respect to such shares. The Committee may divide such shares into classes and assign a different Vesting Date for each class. Provided that all conditions
to the vesting of a share of Phantom Stock imposed pursuant to Section 9(c) are satisfied, and except as provided in Section 9(d), upon the occurrence of the Vesting Date with respect to a share of Phantom Stock, such share shall vest.

 (b)    Benefit Upon Vesting. Upon the vesting of a share of Phantom Stock, the Participant shall be paid,
within 30 days of the date on which such share vests, an amount, in cash and/or shares of Company Stock, as determined by the Committee, equal to the sum of (1) the Fair Market Value of a share of Company Stock on the date on which such share
of Phantom Stock vests and (2) the aggregate amount of cash dividends paid with respect to a share of Company Stock during the period commencing on the date on which the share of Phantom Stock was granted and terminating on the date on which
such share vests. 
 (c)    Conditions to Vesting. At the time of the grant of shares of Phantom Stock, the
Committee may impose such restrictions or conditions to the vesting of such shares as it, in its absolute discretion, deems appropriate, to be contained in the Agreement. 

(d)    Effect of Termination of Employment. Except as the Committee in its sole and absolute discretion may
otherwise provide in the applicable Agreement, and subject to the Committee’s amendment authority pursuant to Section 4, shares of Phantom Stock that have not vested, together with any dividends credited on such shares, shall be forfeited
upon the Participant’s termination of employment for any reason. 

  
 9 

 (e)    Special Provisions Regarding Awards. Notwithstanding anything
to the contrary contained herein, the vesting of Phantom Stock granted pursuant to this Section 9 to Covered Employees may be based on the attainment of performance criteria as described in Section 8(j) hereof, in each case, as determined
in accordance with generally accepted accounting principles. No payment in respect of any such Phantom Stock award shall be paid to a Covered Employee until the attainment of the respective performance measures have been certified by the Committee.

  

	10.	Stock Bonuses. 

 In the event that the Committee grants a Stock Bonus, a certificate for
the shares of Company Stock constituting such Stock Bonus shall be issued in the name of the Participant to whom such grant was made and delivered to such Participant as soon as practicable after the date on which such Stock Bonus is payable. 

 

	11.	Other Awards; Stock Appreciation Rights. 

 (a)    Other forms of
Awards (including any Stock Appreciation Rights, hereinafter “Other Awards”) valued in whole or in part by reference to, or otherwise based on, Company Stock may be granted either alone or in addition to other Awards under the Plan.
Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the persons to whom and the time or times at which such Other Awards shall be granted, the number of shares of Company Stock to be granted
pursuant to such Other Awards and all other conditions of such Other Awards. 
 (b)    A Stock Appreciation Right may be
granted in connection with an Option, either at the time of grant or at any time thereafter during the term of the Option, or may be granted unrelated to an Option. 

(c)    A Stock Appreciation Right related to an Option shall require the holder, upon exercise, to surrender such Option
with respect to the number of shares as to which such Stock Appreciation Right is exercised, in order to receive payment of any amount computed pursuant to Section 11(f). Such Option will, to the extent surrendered, then cease to be
exercisable. 
 (d)    In the case of Stock Appreciation Rights granted in relation to Options, if the Appreciation
Right covers as many shares as the related Option, the exercise of a related Option shall cause the number of shares covered by the Stock Appreciation Right to be reduced by the number of shares with respect to which the related Option is exercised.
If the Stock Appreciation Right covers fewer shares than the related Option, when a portion of the related Option is exercised, the number of shares subject to the unexercised Stock Appreciation Right shall be reduced only to the extent necessary so
that the number of remaining shares subject to the Stock Appreciation Right is not more than the remaining shares subject to the Option. 

(e)    Subject to Section 11(k) and to such rules and restrictions as the Committee may impose, a Stock Appreciation
Right granted in connection with an Option will be exercisable at such time or times, and only to the extent that a related Option is exercisable, and will not be transferable except to the extent that such related Option may be transferable. 

  
 10 

 (f)    Upon the exercise of a Stock Appreciation Right related to an Option,
the holder will be entitled to receive payment of an amount determined by multiplying: 
 (i)    The difference obtained
by subtracting the purchase price of a share of Company Stock specified in the related Option from the Fair Market Value of a share of Company Stock on the date of exercise of such Stock Appreciation Right, by 

(ii)    The number of shares as to which such Stock Appreciation Rights will have been exercised. 

(g)    A Stock Appreciation Right granted without relationship to an Option will be exercisable as determined by the
Committee but in no event after ten years from the date of grant. 
 (h)    A Stock Appreciation Right granted without
relationship to an Option will entitle the holder, upon exercise of the Stock Appreciation Right, to receive payment of an amount determined by multiplying: 

(i)    The difference obtained by subtracting the Fair Market Value of a share of Company Stock on the date the Stock
Appreciation Right is granted from the Fair Market Value of a share of Company Stock on the date of exercise of such Stock Appreciation Right, by 

(ii)    the number of shares as to which such Stock Appreciation Rights will have been exercised. 

(i)    Notwithstanding subsections (f) and (h) above, the Committee may place a limitation on the amount payable upon
exercise of a Stock Appreciation Right. Any such limitation must be determined as of the date of grant and noted on the instrument evidencing the Participant’s Stock Appreciation Right granted hereunder. 

(j)    Payment of the amount determined under subsections (f) and (h) above may be made solely in whole shares of
Company Stock valued at their Fair Market Value on the date of exercise of the Stock Appreciation Right or alternatively, in the sole discretion of the Committee, solely in cash or a combination of cash and shares. If the Committee decides that full
payment will be made in shares of Company Stock, and the amount payable results in a fractional share, payment for the fractional share will be made in cash. 

(k)    The Committee may impose such additional conditions or limitations on the exercise of a Stock Appreciation Right as
it may deem necessary or desirable to secure for holders of Stock Appreciation Rights the benefits of Rule 16b-3, or any successor provision in effect at the time of grant or exercise of a Stock Appreciation
Right or as it may otherwise deem advisable. 

  
 11 

	12.	Rights as a Shareholder. 

 No person shall have any rights as a shareholder with respect
to any shares of Company Stock covered by or relating to any Award until the date of issuance of a stock certificate with respect to such shares. Except as otherwise expressly provided in Section 3(c), no adjustment to any Award shall be made
for dividends or other rights for which the record date occurs prior to the date such stock certificate is issued. 
  

	13.	No Employment Rights; No Right to Award. 

 Nothing contained in the Plan or any Agreement
shall confer upon any Participant any right with respect to the continuation of employment by the Company or an Affiliate or interfere in any way with the right of the Company or Affiliate, subject to the terms of any separate employment agreement
to the contrary, at any time to terminate such employment or to increase or decrease the compensation of the Participant. No person shall have any claim or right to receive an Award hereunder. The Committee’s granting of an Award to a
participant at any time shall neither require the Committee to grant any other Award to such Participant or other person at any time or preclude the Committee from making subsequent grants to such Participant or any other person. 

 

	14.	Securities Matters. 

 (a)    Notwithstanding anything herein to the
contrary, the Company shall not be obligated to cause to be issued or delivered any certificates evidencing shares of Company Stock pursuant to the Plan unless and until the Company is advised by its counsel that the issuance and delivery of such
certificates is in compliance with all applicable laws, regulations of governmental authority and the requirements of any securities exchange on which shares of Company Stock are traded. The Committee may require, as a condition of the issuance and
delivery of certificates evidencing shares of Company Stock pursuant to the terms hereof, that the recipient of such shares make such agreements and representations, and that such certificates bear such legends, as the Committee, in its sole
discretion, deems necessary or desirable. 
 (b)    The transfer of any shares of Company Stock hereunder shall be
effective only at such time as counsel to the Company shall have determined that the issuance and delivery of such shares is in compliance with all applicable laws, regulations of governmental authority and the requirements of any securities
exchange on which shares of Company Stock are traded. The Committee may, in its sole discretion, defer the effectiveness of any transfer of shares of Company Stock hereunder in order to allow the issuance of such shares to be made pursuant to
registration or an exemption from registration or other methods for compliance available under federal or state securities laws. The Committee shall inform the Participant in writing of its decision to defer the effectiveness of a transfer. During
the period of such deferral in connection with the exercise of an Option, the Participant may, by written notice, withdraw such exercise and obtain the refund of any amount paid with respect thereto. 

  
 12 

	15.	Withholding Taxes. 

 Whenever cash is to be paid pursuant to an Award, the Company or an
Affiliate shall have the right to deduct therefrom an amount sufficient to satisfy any federal, state and local withholding tax requirements related thereto. 

Whenever shares of Company Stock are to be delivered pursuant to an Award, the Company shall have the right to require the Participant to
remit to the Company in cash an amount sufficient to satisfy any federal, state and local withholding tax requirements related thereto. With the approval of the Committee, a Participant may satisfy the foregoing requirement by electing to have the
Company withhold from delivery shares of Company Stock having a value equal to the minimum amount of tax required to be withheld. Such shares shall be valued at their Fair Market Value on the date of which the amount of tax to be withheld is
determined. Fractional share amounts shall be settled in cash. Such a withholding election may be made with respect to all or any portion of the shares to be delivered pursuant to an Award. 

 

	16.	Notification of Election Under Section 83(b) of the Code. 

 If any
Participant shall, in connection with the acquisition of shares of Company Stock under the Plan, make the election permitted under Section 83(b) of the Code, such Participant shall notify the Company of such election within 10 days of filing
notice of the election with the Internal Revenue Service. 
  

	17.	Notification Upon Disqualifying Disposition Under Section 421(b) of the Code. 

Each Agreement with respect to an Incentive Stock Option shall require the Participant to notify the Company of any disposition of shares of
Company Stock issued pursuant to the exercise of such Option under the circumstances described in Section 421(b) of the Code (relating to certain disqualifying dispositions), within 10 days of such disposition. 

 

	18.	Amendment or Termination of the Plan. 

 The Board of Directors may, at any time, suspend
or terminate the Plan or revise or amend it in any respect whatsoever; provided, however, that shareholder approval shall be required for any such amendment if and to the extent the Board of Directors determines that such approval is appropriate for
purposes of satisfying Sections 162(m) or 422 of the Code or Rule 16b-3 or other applicable law. Nothing herein shall restrict the Committee’s ability to exercise its discretionary authority pursuant to
Section 4, which discretion may be exercised without amendment to the Plan. No action hereunder may, without the consent of a Participant, reduce the Participant’s rights under any outstanding Award. 

 

	19.	Transfers Upon Death; Nonassignability. 

 Upon the death of a Participant, outstanding
Awards granted to such Participant may be exercised only by the executor or administrator of the Participant’s estate or by a person who shall have acquired the right to such exercise by will or by the laws of descent and distribution. No
transfer of an Award by will or the laws of descent and distribution shall be effective to bind the Company unless the Committee shall have been furnished with (a) written notice thereof and 

  
 13 

 
with a copy of the will and/or such evidence as the Committee may deem necessary to establish the validity of the transfer and (b) an agreement by the transferee to comply with all the terms
and conditions of the Award that are or would have been applicable to the Participant or Nonemployee Director and to be bound by the acknowledgments made by the Participant or Nonemployee Director in connection with the grant of the Award. 

During the lifetime of a Participant, the Committee may, in its sole and absolute discretion, permit the transfer of an outstanding Option,
unless such Option is an Incentive Stock Option and the Committee and the Participant intends that it shall retain such status. Subject to the approval of the Committee and to any conditions that the Committee may prescribe, a Participant may, upon
providing written notice to the Secretary of the Company, elect to transfer any or all Options granted to such Participant pursuant to the Plan to members of his or her immediate family (including, but not limited to, children, grandchildren and
spouse or to trusts for the benefit of such immediate family members or to partnerships in which such family members are the only partners) or to other persons or entities approved by the Committee; provided, however, that no such transfer by any
Participant may be made in exchange for consideration. 
  

	20.	Expenses and Receipts. 

 The expenses of the Plan shall be paid by the Company. Any
proceeds received by the Company in connection with any Award may be used for general corporate purposes. 
  

	21.	Effective Date and Term of Plan. 

 The Plan was approved by the shareholders of Rite Aid
Corporation on December 6, 2000. Unless earlier terminated by the Board of Directors, the right to grant Awards under the Plan shall terminate on the tenth anniversary of the Effective Date. Awards outstanding at Plan termination shall remain
in effect according to their terms and the provisions of the Plan. Notwithstanding anything herein to the contrary, no Awards shall be made under the Plan following the Merger Date. 

 

	22.	Applicable Law. 

 Except to the extent preempted by any applicable federal law, the Plan
shall be construed and administered in accordance with the laws of the State of New York without reference to its principles of conflicts of law. 
  

	23.	Participant Rights. 

 No Participant shall have any claim to be granted any award under
the Plan, and there is no obligation for uniformity of treatment for Participants. Except as provided specifically herein, a Participant or a transferee of an Award shall have no rights as a shareholder with respect to any shares covered by any
Award until the date of the issuance of a Company Stock certificate to him or her for such shares. 

  
 14 

	24.	Unfunded Status of Awards. 

 The Plan is intended to constitute an “unfunded”
plan for incentive and deferred compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Agreement shall give any such Participant any rights that are greater than those of a
general creditor of the Company. 
  

	25.	No Fractional Shares. 

 No fractional shares of Company Stock shall be issued or
delivered pursuant to the Plan. The Committee shall determine whether cash, other Awards, or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or
otherwise eliminated. 
  

	26.	Beneficiary. 

 A Participant may file with the Committee a written designation of a
beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation. If no designated beneficiary survives the Participant, the executor or administrator of the Participant’s estate shall
be deemed to be the Participant’s beneficiary. 
  

	27.	Interpretation. 

 The Plan is designed and intended to comply, to the extent applicable,
with Section 162(m) of the Code, and all provisions hereof shall be construed in a manner to so comply. 
  

	28.	Severability. 

 If any provision of the Plan is held to be invalid or unenforceable, the
other provisions of the Plan shall not be affected but shall be applied as if the invalid or unenforceable provision had not been included in the Plan. 

  
 15

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