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Exhibit 10.24    
  

 
 

CONSULTING AGREEMENT    
  

        THIS CONSULTING AGREEMENT (this "Agreement") is made and entered into effective as of this 29th day of
November, 2001, by and between PETCO Animal Supplies, Inc., a Delaware Corporation ("Company"), and Brian K. Devine, an individual
("Consultant"). 

 
 

RECITALS    
  

        WHEREAS, Consultant and Company are parties to that certain Employment Agreement dated as of March 17, 1996, as amended and restated as of
October 2, 2000 (the "Employment Agreement"); 

        WHEREAS,
Section 13 of the Employment Agreement provides that upon termination of the Employment Agreement in accordance with its terms, other than a termination by Company for
Cause (as defined in the Employment Agreement) or for failure to meet certain minimum performance objectives or by Consultant without Good Reason (as defined in the Employment Agreement), Company and
Consultant shall be subject a consulting agreement containing the terms specified on Exhibit D to the Employment Agreement; and 

        WHEREAS,
once the Employment Agreement has been terminated in accordance with its terms, Company and Consultant desire that Consultant provide the services set forth under the terms of
this Agreement. 

        NOW
THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties hereto agree as follows: 

 
 

AGREEMENT    
  

        1.    Consultant's Status.    Consultant acknowledges that he is an independent contractor and is not an agent or
employee of Company, and has no authority to bind Company by contract or otherwise without the express written consent of the Chief Executive Officer or Chief Financial Officer of Company
("Company Representative"), or a designee, or a person having the same powers and authority of the Company Representative. Consultant also acknowledges
and warrants that he has the power to enter into this Agreement and that his entering into this Agreement is not prohibited or restricted by any law or regulation by which he is bound nor will it
cause a breach of any agreement which will or may have a material adverse effect on Company. 

        2.    Term and Termination.    The term of this Agreement ("Term")
shall be ten (10) years from the date of the termination of the Consultant's employment with the Company, except if such termination is (1) for Cause pursuant to Section 5(b)(ii)
of the Employment Agreement or (2) pursuant to Section 5(d)(2) of the Employment Agreement for the Employee's failure to meet the minimum performance objectives set forth in
Exhibit C to the Employment Agreement. This Agreement shall automatically terminate prior to the expiration of the Term upon the day after the death or Disability of Consultant. In the event of
such early termination, Company shall pay Consultant all amounts due and payable under Section 4 of this Agreement up to and including the day of Consultant's death or Disability, but shall
have no obligation to pay Consultant any compensation under this Agreement after such day. The provisions of Sections 5, 6, 7, 8, 9(a), 9(b) and 9(c) hereof shall survive the expiration or
termination of this Agreement. 

        For
purposes of this Agreement, "Disability" means an inability by Consultant to perform a substantial portion of Consultant's duties by
reason of physical or mental incapacity or disability for a total of one hundred and eighty (180) days or more in any consecutive period of three hundred and sixty-five
(365) days, as determined by the reasonable judgment of a physician selected by Consultant and reasonably acceptable to Company. 

 

        3.    Scope of Work and Other Activities.    

        (a)  Consultant
shall, upon the request or direction of Company Representative, provide information, advice and assistance concerning matters that are within the scope of
Consultant's knowledge and expertise (the "Services"). The scope of Consultant's Services shall include, but is not necessarily limited to, consulting
with Company on strategy, marketing trends and methodologies, and providing other advice and assistance that reasonably falls within Consultant's knowledge and expertise. Consultant's advice shall be
of an advisory nature and Company shall not have any obligation to follow such advice. 

        (b)  Consultant
shall be available to provide Services up to ten (10) hours per week during normal business hours ("normal business hours" being 9:00 a.m. to
5:00 p.m. in the time zone of Consultant's current place of residence, on any day excluding Saturday, Sunday and any day which is a legal holiday under the laws of the State of California or is
a day on which banking institutions located in California are authorized or required by law or other governmental action to close). Unless otherwise directed by Company Representative, Consultant
shall be available to perform the Services via telephone conference from his residence or an office provided and operated by Consultant; no office or office support will be provided by Company. If
Company Representative directs, Consultant shall provide the Services in person at the principal executive offices of Company or at another location to be mutually agreed by Consultant and Company;  provided,
however, that Company shall not require Consultant to provide Services in person for more than 2 days in any calendar month, unless the
Services are provided at a location within 40 miles from Consultant's then current place of residence. If Company Representative directs Consultant to provide Services in person, Company shall make
first-class travel arrangements reasonably satisfactory to Consultant at Company's sole cost and expense, as provided in Section 4. Company shall reasonably accommodate Consultant's schedule
when requesting Consultant's assistance pursuant to this paragraph. During the Term, Consultant may engage in any other business or professional activities, either on a full-time or
part-time basis, so long as such activities, either singly or in the aggregate, do not interfere with the proper performance of his duties and responsibilities to Company. 

        4.    Compensation.    During the Term, unless the Agreement is earlier terminated pursuant to Section 2 above,
Consultant shall receive annual compensation equal to 25% of the greater of Consultant's annual base salary immediately prior to termination of employment with Company or base salary actually paid to
Consultant over the twelve months immediately prior to termination, payable in accordance with the Company's normal payroll practices and procedures, as sole and complete consideration for his
performance of Services under this Agreement. Any expenses incurred by Consultant in performing Services under this Agreement, other than (a) the actual cost of all telephone charges which may
be necessary in connection with Services provided by Consultant under this Agreement and (b) reasonable expenses incurred in connection with travel performed at the request of Company, shall be
the sole responsibility of Consultant. Expenses reimbursable under this Section 4 shall be invoiced by Consultant to Company on a monthly basis and Company shall pay such invoices within thirty
(30) days of receipt of the invoice. 

        Employment Taxes and Benefits.    Consultant is solely responsible for taxes required to be paid with respect to his performance
of Services and the receipt of consideration under this Agreement, including, without limitation, United States federal, state and local income taxes, payroll taxes, social security, unemployment or
disability insurance, or similar items. Consultant will indemnify Company and hold it harmless from and against all claims, damages, losses and expenses, including reasonable fees and expenses of
attorneys, relating to any obligation imposed by law on Company to pay any
withholding taxes, payroll taxes, social security, unemployment or disability insurance, or similar items in connection with consideration received by Consultant pursuant to this Agreement, whether
such obligations are imposed by the Internal Revenue Service or any other federal, state or local 

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governmental authority. Other than the Supplemental Executive Retirement Program described in the Employment Agreement or as otherwise contemplated by the Employment Agreement, Consultant will not be
entitled to participate in any plans, arrangements, or distributions by Company pertaining to any bonus, profit sharing, insurance or similar benefits for Company's employees. 

        Non-Disclosure of Confidential and Proprietary Information.    During the term of this Agreement, and in the course
of Consultant's performance hereunder, Consultant may receive and otherwise be exposed to Company's confidential and proprietary information. Consultant acknowledges the confidential and secret
character of such information, and agrees that such information is the sole, exclusive, and extremely valuable property of Company. Accordingly, Consultant agrees not to reproduce any such information
without Company's prior written consent and not to divulge all or any part of such information in any form to any third party, either during or after the term of this Agreement unless such information
(a) become generally available to the public other than as a result of a disclosure by Consultant, (b) was available to Consultant on a non-confidential basis prior to the
disclosure of such information or (c) became available to the Consultant on a non-confidential basis from a source other than the Company or its agents, advisors or representatives.
Upon the termination of this Agreement for any reason, including the expiration of the term, Consultant agrees to cease using and to return to Company all whole and partial copies and derivations of
such information; whether in Consultant's possession or under Consultant's direct or indirect control. Unless otherwise required by law or judicial process, Consultant agrees that Consultant and his
agents, representatives, employees or partners will not, either during or after the term of this Agreement, disclose the existence, subject matter or terms of this Agreement, unless prior written
consent to such disclosure is obtained from Company, which consent may be withheld at Company's reasonable discretion. 

        5.    Indemnification by Consultant.    Consultant shall indemnify Company and hold it harmless from and against any
and all claims, damages, losses and expenses, including court costs and reasonable fees and expenses of attorneys, arising out of or resulting from any action by a third party that is based on any
negligent act or omission or willful conduct of Consultant and which results in: (a) any bodily injury, sickness, disease or death; (b) any injury or destruction to tangible or
intangible property (including computer programs and data) or any loss of use resulting therefrom; or (c) any violation of any statute, ordinance, or regulation. 

        6.    Limitation of Liability.    IN NO EVENT SHALL COMPANY BE LIABLE FOR ANY SPECIAL, INCIDENTAL, INDIRECT OR
CONSEQUENTIAL DAMAGE OF ANY KIND IN CONNECTION WITH THIS AGREEMENT, EVEN IF COMPANY HAS BEEN INFORMED IN ADVANCE OF THE POSSIBILITY OF SUCH DAMAGES. 

        7.    Miscellaneous Provisions.    

        (a)    Governing Law.    THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA.

        (b)    Consent to Jurisdiction; Severability; Remedies for Breach by Consultant.    Any action, suit or proceeding
arising out of or based upon this Agreement and the transactions contemplated herein shall be brought solely in a U.S. Federal or state court sitting in California, and Consultant and Company agree
not to initiate any such action, suit or proceeding in any other jurisdiction other in the California courts. Consultant submits to the nonexclusive jurisdiction of such courts and irrevocably waives,
to the fullest extent permitted by law, any objection that he may now or hereafter have with respect to any such action, suit or proceeding in any such court or any appellate court, whether on the
grounds of venue, residence or domicile or on the ground that any such action, suit or proceeding has been brought in an inconvenient forum. Consultant agrees that final judgment in any such suit,
action or proceeding brought in such court shall be conclusive and binding upon Consultant and may be enforced in any court to the jurisdiction of which Consultant is subject by a suit upon such
judgment. If the scope of any provision contained herein is too 

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broad to permit enforcement of such provision to its full extent, then such provision shall be enforced to the maximum extent permitted by law and Consultant hereby consents and agrees that the scope
may be judicially modified in any proceeding brought with respect to the enforcement of such provision. Except as otherwise provided in the previous sentence, if any provision of this Agreement is
construed to be illegal or invalid, the legality or validity of any other provision hereof shall not be affected thereby, and any illegal or invalid provision of the Agreement shall be severable, and
all other provisions shall remain in full force and effect. Consultant recognizes that money damages alone would not adequately compensate Company in the event of any breach of this Agreement, and
Consultant therefore agrees that, in addition to all other remedies available to Company at law or in equity, Company shall be entitled to enforce this Agreement and any of its provisions by
injunction, specific performance or other equitable relief. 

        (c)    Attorneys' Fees.    If any action is necessary to enforce the terms of this Agreement, the substantially
prevailing party will be entitled to reasonable attorneys' fees, costs and expenses in addition to any other relief to which such prevailing party may be entitled. 

        (d)    Successors and Assigns.    This Agreement shall be binding upon and inure to the benefit of the parties hereto
and their permitted successors and assigns. Consultant may not assign Consultant's rights or delegate Consultant's duties under this Agreement either in whole or in part without the prior written
consent of Company. Any attempted assignment or delegation without such consent will be void. 

        (e)    Headings.    Any headings of sections of this Agreement are solely for the convenience of the parties hereto
and are not a part of this Agreement, nor are they to be used in its interpretation. 

        (f)    Counterparts.    This Agreement may be executed and delivered by facsimile, and in several counterparts; each
such counterpart shall be considered as an original agreement and all such executed counterparts shall constitute one Agreement. 

        (g)    Notices.    Any notice, request, instruction, or other document required to be given under this Agreement by
either party to the other shall be in writing and delivered in person or by courier, or mailed by certified mail, postage prepaid, return receipt requested, to the address specified below, or to such
other address as the party specifies in writing. Such notice, if in person or by courier, will be effective when delivered, and, if by mail, will be effective upon its mailing as specified: 

	If to Company:	 	If to Consultant:
	

PETCO Animal Supplies, Inc.

Attention: Chief Executive Officer

9125 Rehco Road

San Diego, California 92121	
 	

Brian K. Devine

P.O. Box 1305

Rancho Santa Fe 92067-1305

        (h)    Entire Agreement.    This Agreement sets forth the entire agreement and understanding of the parties relating
to the subject matter herein and merges all prior discussions between them. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective
unless in writing signed by the party to be charged. The failure by either party to enforce any rights hereunder shall not be construed as a waiver of any rights of such party. 

        (i)    Severability.    If any provision of this Agreement shall be held or deemed to be invalid, inoperative or
unenforceable, such circumstances shall not affect the validity of any other provision of this Agreement. 

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        8.    Advice of Counsel.    EACH PARTY ACKNOWLEDGES THAT, IN EXECUTING THIS AGREEMENT, SUCH PARTY HAS HAD THE
OPPORTUNITY TO SEEK THE ADVICE OF INDEPENDENT LEGAL COUNSEL, AND HAS READ AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. THIS AGREEMENT SHALL NOT BE
CONSTRUED AGAINST ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION HEREOF. 

        IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above. 

	COMPANY:	 	CONSULTANT:
	

By:	

    
	
 	

By:	

    

	 	Name:	James M. Myers	 	 	 	Brian K. Devine
	 	Title:	Executive VP and CFO	 	 	 	 

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Exhibit 10.24

CONSULTING AGREEMENT

RECITALS

AGREEMENTQuickLinks
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Exhibit 10.25    
  

 
 

SUPPLEMENTAL EXECUTIVE RETIREMENT PROGRAM    
  

        THIS SUPPLEMENTAL EXECUTIVE RETIREMENT PROGRAM (this "Program"), is made and entered into effective as of this
29th day of November, 2001, by and between PETCO Animal Supplies, Inc., a Delaware corporation ("Company"), and Brian K. Devine, an
individual ("Executive"). 

 RECITALS  

        WHEREAS, Executive and Company are parties to that certain Employment Agreement dated as of March 17, 1996, as amended and restated as of October 2,
2000 (the "Employment Agreement"); 

        WHEREAS,
the Employment Agreement provides that, upon termination of Executive's employment with Company, Company shall provide Executive with supplemental retirement benefits under a
Supplemental Executive Retirement Program, as summarized on Exhibit B to the Employment Agreement, and Company desires to establish such Program in accordance with the Employment Agreement; and 

        WHEREAS,
this Program is a nonqualified supplemental retirement plan, and is unfunded and is maintained primarily for the purpose of providing deferred compensation for a select group of
management or highly compensated employees, within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended
("ERISA"). 

        NOW,
THEREFORE, in consideration of the mutual covenants and agreement contained herein, the parties hereto agree as follows: 

 PROGRAM  

        1.    Program.    Company hereby establishes this Program pursuant to Section 3(a) and Exhibit B of the
Employment Agreement. 

        2.    Supplemental Retirement Benefits.    In the event that Executive's employment with Company terminates for any
reason, Executive shall receive supplemental retirement benefits ("Supplemental Retirement Benefits") under this Section 2. Executive's
Supplemental Retirement Benefit shall consist of 240 monthly benefit payments commencing on the first day of the calendar month next following the termination of Executive's employment with
Company, as provided in subsections (a) and (b). Such Supplemental Retirement Benefits shall be fully vested and nonforfeitable. 

        (a)  Company
shall pay to Executive (or, in the event of Executive's death, Executive's estate) Supplemental Retirement Benefits consisting of monthly benefit payments in an
amount (not less than zero) equal to one-twelfth of: (i) 50% of Executive's Salary (as defined below), less (ii) the sum of (A) Executive's Consulting Compensation (as
defined below) and (B) Executive's Retirement Plan Benefit (as defined below). Such monthly benefit payments shall extend for a period of 120 months and shall commence on the first day
of the calendar month next following the termination of Executive's employment with Company. Such monthly benefit payments shall be subject to applicable tax withholdings and other required deductions
and withholdings. 

        (b)  Company
shall pay to Executive (or, in the event of Executive's death, Executive's estate) Supplemental Retirement Benefits consisting of monthly benefit payments in an
amount (not less than zero) equal to one-twelfth of: (i) 50% of Executive's Salary, less (ii) Executive's Retirement Plan Benefit. Such monthly benefit payments shall extend
for a period of 120 months and shall commence on the first day of the calendar month next following the tenth anniversary of the termination of Executive's employment with Company. Such monthly
benefit payments shall be subject to applicable tax withholdings and other required deductions and withholdings. 

        (c)  For
purposes of this Section 2, Executive's "Salary" shall mean the greater of the Executive's annual base salary from Company, as in effect immediately prior to
the termination of 

 

Executive's employment with Company or the base salary paid to Executive over the twelve months immediately prior to termination of Executive's employment with Company. Also, for purposes of this
Section 2, Executive's "Consulting Compensation" shall mean an amount equal to 25% of Executive's Salary; provided, however, that if
(i) Executive's employment with the Company terminates by reason of Executive's death or "Disability" (as defined in the Employment Agreement), or (ii) the Consulting Agreement
terminates by reason of Executive's death or "disability" (as defined in the Consulting Agreement), then Executive's "Consulting Compensation" shall thereupon be reduced to zero. Finally, for purposes
of this Section 2, Executive's "Retirement Plan Benefit" shall mean the annual benefit (payable as monthly benefit payments in the form of a
period certain only annuity for a period of 20 years) that is actuarially equivalent (based on reasonable assumptions determined by an actuary selected by Company) to Executive's aggregate
accrued benefits under the Retirement Plans (as defined below), determined upon the termination of Executive's employment with Company. For purposes of this subsection (c), a "Retirement Plan"
shall mean any qualified plan, within the meaning of Section 401(a) of the Internal Revenue Code of 1986, as amended (the "Code"), maintained by Company immediately prior to the termination of
Executive's employment with Company (other than any such qualified plan that includes a "qualified cash or deferred arrangement," within the meaning of Section 401(k) of the Code). 

        3.    Prohibition on Assignments.    No part of the Supplemental Retirement Benefits shall be liable for the debts,
contracts or engagements of Executive or his successors in interest, or be taken in execution by levy, attachment or garnishment or by any other legal or equitable proceeding, nor shall any such
person have any right to alienate, anticipate, commute, pledge, encumber or assign any Supplemental Retirement Benefits or any interest therein in any manner whatsoever. 

        4.    Unfunded Obligations of Company.    The obligations of Company under the Program shall be unfunded and
unsecured, and nothing contained herein shall be construed as providing for assets to be held in trust or escrow or any other form of segregation of the assets of Company for the benefit of
Executive's or any other person. The interest of Executive or any other person hereunder shall be limited to the right to receive the Supplemental Retirement Benefits as set forth herein. To the
extent that Executive or any other person acquires a right to receive any benefit under the Program, such right shall be no greater than the right of an unsecured general creditor of Company. 

        5.    Administrative Provisions.    Company shall be the administrator of the Program and shall administer the Program
in accordance with the terms of the Program and ERISA. 

        (a)  Company
shall have power and authority: (i) to engage actuaries, attorneys, accountants, or other firms or persons and to rely upon the reports or advice of such persons
except as required by law and (ii) to delegate any duty, power or responsibility to any firm or other person engaged under clause (i) or to any
other person or persons. 

        (b)  This
Program shall be administered, interpreted and applied fairly and equitably and in accordance with the specified purposes of this Program. Company shall be the
named fiduciary of this Program. 

        6.    Successors and Assigns.    This Program shall be binding upon and inure to the benefit of the parties hereto and
their permitted successors and assigns. Executive may not assign Executive rights or delegate Executive's duties under this Program either in whole or in part without the prior written consent of
Company. Any attempted assignment or delegation without such consent will be void. 

        7.    Headings.    Any headings of sections of this Program are solely for the convenience of the parties hereto and
are not a part of this Program, nor are they to be used in its interpretation. 

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        8.    Counterparts.    This Program may be executed and delivered by facsimile, and in several counterparts; each such
counterpart shall be considered as an original Program and all such executed counterparts shall constitute one Program. 

        9.    Notices.    Any notice, request, instruction, or other document required to be given under this Program by
either party to the other shall be in writing and delivered in person or by courier, or mailed by certified mail, postage prepaid, return receipt requested, to the address specified below, or to such
other address as the party specifies in writing. Such notice, if in person or by courier, will be effective when delivered, and, if by mail, will be effective upon its mailing as specified: 

	If to Company:	 	If to Executive:
	

PETCO Animal Supplies, Inc.

Attention: Chief Executive Officer

9125 Rehco Road

San Diego, California 92121	
 	

Brian K. Devine

P.O. Box 1305

Rancho Santa Fe, 92067-1305

        10.    Entire Program.    This Program sets forth the entire agreement and understanding of the parties relating to
the subject matter herein and merges all prior discussions between them. No modification of or amendment to this Program, nor any waiver of any rights under this Program, shall be effective
unless in writing signed by the party to be charged. The failure by either party to enforce any rights hereunder shall not be construed as a waiver of any rights of such party. 

        11.    Severability.    If any provision of this Program shall be held or deemed to be invalid, inoperative or
unenforceable, such circumstances shall not affect the validity of any other provision of this Program. 

        IN
WITNESS WHEREOF, the parties have executed this Program as of the date first set forth above. 

	COMPANY:	 	EXECUTIVE:
	

By:	

    
	
 	

By:	

    

	 	Name:	James M. Myers	 	 	 	 
	 	Title:	Executive VP and CFO	 	 	 	 

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QuickLinks

Exhibit 10.25

SUPPLEMENTAL EXECUTIVE RETIREMENT PROGRAM

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