Document:

Form of Smithfield Foods, Inc. 2008

 Exhibit 10.2 
 Smithfield Foods, Inc. 
 2008 Incentive Compensation Plan 
 Performance Share Unit Award 
 You have been selected to receive a Performance Share Unit Award under
the Smithfield Foods, Inc. 2008 Incentive Compensation Plan (the “Plan”), as specified below: 
  

							
	Participant:	 	  

		
	Address:	 	  

		
	Number of Performance Share Units Units:	 	  

		
	Performance Period:	 	June 17, 2008 to June 16, 2013
		
	Performance Measure:	 	Average Stock Price (as defined below)

 THIS AGREEMENT, effective on the date of shareholder approval of the Plan, represents the grant of
Performance Share Units by Smithfield Foods, Inc., a Virginia corporation (the “Company”), to the Participant named above, pursuant to the provisions of the Plan. All capitalized terms shall have the meanings in the Plan. The parties agree
as follows: 
 1. Performance Period. The Performance Period commenced on June 17, 2008 (the “Grant Date”) and will end
on June 16, 2013. 
 2. Value of Performance Share Units. Each Performance Share Unit shall represent and have a value equal to
one share of Company Stock, subject to adjustment as provided in Section 16 of the Plan. 
 3. Performance Share Units and
Achievement of Average Stock Price. Subject to the remaining terms and conditions of this Agreement, the number of Performance Share Units to be vested under this Award shall be based upon the Company’s Average Stock Price (as defined
below) during each Quarter (as defined below) during the Performance Period under the table below: 
  

			
	 Average Stock Price
	  	 Percentage Vested

	$26.00	  	20%
	$32.00	  	20%
	$38.00	  	20%
	$44.00	  	20%
	$50.00	  	20%

 The Average Stock Price shall be the volume-weighted average of the closing price of Company Stock
calculated by adding up the closing price of Company Stock multiplied by the number of shares traded for each day in the Calculation Period and then dividing by the total shares traded for the Calculation Period. The Calculation Period is each
fifteen (15) consecutive trading days during a Quarter. A Quarter is each fiscal quarter of the Company or portion of a fiscal quarter of the Company occurring within the Performance Period. 

 If the Average Stock Price during a Quarter
exceeds one or more price thresholds, the percentage of the Performance Share Units to be vested under the table above will be vested on the next Payment Date. Except as provided in Section 11(a) below and in the following sentence, the Payment
Date shall be the fifteenth (15th) trading day after the end of each Quarter. Notwithstanding the foregoing, the Payment Date, if any, with
respect to each Quarter ending on or prior to the first anniversary of the Grant Date shall be the thirtieth (30th) day following the first
anniversary of the Grant Date. 
 4. Termination Provisions. Except as provided in the next paragraph, the Participant shall be
eligible for vesting and payment of earned Performance Share Units, as specified in Section 3, only if the Participant’s employment with the Company continues through the Payment Date. 
 If the Participant suffers a Disability or dies, or in the event of the Participant’s Retirement, the requirement that the Participant be employed
by the Company through the Payment Date is waived. In such a case, the Participant (or in the event of the Participant’s death, the Participant’s beneficiary) shall be eligible for a pro rata portion of the number of Performance Share
Units vested under Section 3 (determined as of each Payment Date and based on actual Average Stock Price) equal to his number of full months of employment during the Performance Period divided by sixty (60). Vesting and payment shall be made on
the relevant Payment Date. 
 In the event of the termination of the Participant’s employment by the Participant or the Company for any
reason other than the Participant’s Disability or death during the Performance Period, the Participant shall forfeit any unvested portion of this Award, with no payment to the Participant. The Participant’s transfer of employment to the
Company or any Related Company from another Related Company or the Company during the Performance Period shall not constitute a termination of employment. 
 5. Dividends. The Participant shall have no right to any dividends which may be paid with respect to shares of Company Stock until any such shares are delivered to the Participant on or following a Payment
Date. 
 6. Form and Timing of Payment of Performance Share Units. Payment of
the vested Performance Share Units shall be made in Company Stock. Payment for vested Performance Share Units shall be made on or as soon as administratively practicable (but in any event no later than 2  1/2 months) following the Payment Date. 
 7. Tax
Withholding. The Company shall have the power and the right to deduct or withhold Company Stock, or require the Participant or beneficiary to remit to the Company, an amount sufficient to satisfy federal, state, and local taxes, domestic or
foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Award. 
 8.
Nontransferability. Performance Share Units may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. 

 9. Administration. This Award and the rights of the Participant hereunder are subject to all the
terms and conditions of the Plan, as the same may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for administration of the Plan. It is expressly understood that the Committee is authorized to
administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Award, all of which shall be binding upon the Participant. Any inconsistency between the Award and the Plan shall be resolved in
favor of the Plan. 
 10. Specific Restrictions Upon Shares. The Participant hereby agrees with the Company as follows: 
  

	 	(a)	The Participant shall acquire the shares of Company Stock issuable with respect to the Performance Share Units granted hereunder for investment purposes only and not with a view to
resale or other distribution thereof to the public in violation of the Securities Act of 1933, as amended (the “1933 Act”), and shall not dispose of any such Stock in transactions which, in the opinion of counsel to the Company, violate
the 1933 Act, or the rules and regulations thereunder, or any applicable state securities or “blue sky” laws; 

  

	 	(b)	If any shares of Company Stock acquired with respect to the Performance Share Units shall be registered under the 1933 Act, no public offering (otherwise than on a national
securities exchange, as defined in the Exchange Act) of any such Stock shall be made by the Participant under such circumstances that he or she (or such other person) may be deemed an underwriter, as defined in the 1933 Act; and

  

	 	(c)	The Company shall have the authority to endorse upon the certificate or certificates representing the Shares acquired hereunder such legends referring to the foregoing restrictions.

 11. Miscellaneous. 
  

	 	(a)	Change of Control. In the event of a Qualifying Change of Control, all unvested Performance Share Units granted under this Award shall be fully vested and payment for vested
Performance Share Units shall be made immediately. The date of a Qualifying Change of Control shall be considered a Payment Date for purposes of this Agreement. 

  

	 	(b)	Adjustments to Shares. Subject to Plan Section 16, in the event of any merger, reorganization, recapitalization, stock dividend, stock split, extraordinary distribution
with respect to the Stock or other change in corporate structure affecting the Stock, the Committee or Board if Directors of the Company may make such substitution or adjustments in the aggregate number and kind of shares of Company Stock subject to
this Performance Share Unit Award as it may determine, in its sole discretion, to prevent dilution or enlargement of rights. 

  

	 	(c)	 Notices. Any written notice required or permitted under this Award shall be deemed given when delivered personally, as appropriate, either to the Participant
or to the Executive Compensation Department of the Company, or when deposited in a United States Post Office as registered mail, postage prepaid, addressed, as appropriate, either to the Participant at his or her address set forth above or such
other address as he or she may designate in 

	 	 
writing to the Company, or to the Attention: Corporate Secretary., at its headquarters office or such other address as the Company may designate in writing
to the Participant. 

  

	 	(d)	Failure To Enforce Not a Waiver. The failure of the Company to enforce at any time any provision of this Award shall in no way be construed to be a waiver of such provision
or of any other provision hereof. 

  

	 	(e)	Governing Law. All questions concerning the construction, validity and interpretation of this Award shall be governed by and construed according to the internal law, and not
the law of conflicts, of the Commonwealth of Virginia, except that questions concerning the relative rights of the Company and the Participant with respect to Shares, shall be governed by the corporate law of the Commonwealth of Virginia.

  

	 	(f)	Provisions of Plan. The Performance Share Units provided for herein are granted pursuant to the Plan, and said Performance Share Units are in all respects governed by the
Plan and subject to all of the terms and provisions thereof, whether such terms and provisions are incorporated in this Award solely by reference or expressly cited herein. If there is any inconsistency between the terms of this Award and the terms
of the Plan, the Plan’s terms shall completely supersede and replace the conflicting terms of this Award. 

  

	 	(g)	Code section 162(m). It is intended that payments pursuant to this Award to a Participant who is a “covered officer” within the meaning of section 162(m) of the
Internal Revenue Code constitute “qualified performance-based compensation” within the meaning of section 1.162.27(e) of the Income Tax Regulations. To the maximum extent possible, this Award and the Plan shall be so interpreted and
construed. No amounts in excess of the number of Performance Share Units earned under Section 3 of this Award shall be paid to the Participant. 

  

	 	(h)	Section 16 Compliance. If the Participant is subject to Section 16 of the Exchange Act, except in the case of death or disability, at least six months must elapse
from the date of acquisition of the Performance Share Units granted hereunder to the date of the Participant’s disposition of such Performance Share Units or the underlying shares of Stock. 

  

	 	(i)	Shareholder Approval. The effectiveness of this Award is subject to, and contingent upon, the approval of the Plan by the shareholders of the Company. Unless and until such
approval has been obtained, this Award shall be of no force or effect and shall create no legally binding right or obligation on the part of either the Company or the Participant. 

 [ SIGNATURE PAGE FOLLOWS ] 

 IN WITNESS WHEREOF, the Company has executed this Award in duplicate on this
         days of             , 2008. 
  

			
	 SMITHFIELD FOODS, INC.

		
	 By:
	 	  

 The undersigned hereby accepts, and agrees to, all terms and provisions of the forgoing Award.Employment Agreement with Frank D. Forward

 Exhibit 10.9b 
 Frank D. Forward 
 EMPLOYMENT AGREEMENT 
 AGREEMENT dated as of the 1st day of August 2008 between Frank D. Forward, whose address is 25 Cider Hill Lane, Sherborn, Massachusetts 01770
(“Executive”), and BJ’s Wholesale Club, Inc., a Delaware corporation, whose principal office is One Mercer Road, Natick, Massachusetts (“Employer” or “Company”). 
 W I T N E S S E T H 
 WHEREAS, the Company and Executive are parties to that certain Employment Agreement dated April 3, 2007 (“2007 Agreement”); 
 WHEREAS, the Company and Executive desire to amend and restate the 2007 Agreement for the mutual benefit of both parties thereto; and 
 WHEREAS, the Company and Executive agree that upon the execution of this Agreement, the 2007 Agreement shall be replaced in its entirety and, as
of the Effective Date hereof, shall have no force and effect. 
 NOW, THEREFORE, in consideration of the mutual promises and covenants
contained herein, the sufficiency of which is acknowledged by each party, and intending to be legally bound hereby, the Company and Executive agree as follows: 
 1. Employment and Duties. 
 1.1 Employment. 
 (a) Commencing on January 8, 2007 (the “Effective Date”), the Company agrees to employ Executive and the Executive agrees
to be employed by the Company until the date of the Company’s 2010 Annual Meeting of Stockholders, at which time this Agreement and Executive’s employment by the Company shall terminate, subject to earlier termination as provided herein
(“Initial Term”) and further subject to the survival of those provisions of this Agreement that by their terms have continuing effect. 
 (b) The Initial Term of this Agreement, and the employment of Executive hereunder by the Company, may be renewed or extended for such period or periods as may mutually be agreed upon by the Company and the Executive
in writing. If this Agreement is not renewed and extended prior to the expiration of the Initial Term, this Agreement automatically shall terminate at the expiration of the Initial Term. 

 1.2 Duties. As of the Effective Date, Executive shall serve the Company as its Executive Vice
President, Chief Financial Officer to serve in such capacity or other capacities as designated by the Board of Directors, the Chief Executive Officer (“CEO”) or his/her designee from time to time. During the term of this Agreement, the
Executive shall serve the Company faithfully, diligently and to the best of his/her ability and shall devote substantially all of his/her business time, energy and skill to the affairs of the Company as necessary to perform the duties of his/her
position, and he shall not assume a position in any other business without the express written permission of the CEO; provided that the Executive may upon disclosure to the CEO (i) serve in any capacity with charitable or not-for-profit
enterprises so long as there is no material interference with the Executive’s duties to the Company and (ii) make any passive investments where Executive is not obligated or required to, and shall not in fact, devote any managerial
efforts. The Company shall have the right to limit Executive’s participation in any of the foregoing endeavors if the CEO believes, in his/her sole and exclusive discretion, that the time being spent on such activities infringes upon, or is
incompatible with, the Executive’s ability to perform the duties under this Agreement. 
 2. Compensation and Benefits. 

 2.1 Base Salary. Executive shall receive a Base Salary at the rate of $450,000 per year. Such Base Salary shall be subject to
periodic adjustment from time to time as determined by the Board of Directors in its sole discretion. Base Salary shall be payable in such manner and at such times as the Company shall pay base salary to other similarly situated executive employees.

 2.2 Policies and Fringe Benefits. The Executive agrees to abide by the rules, regulations, instructions, personnel practices and
policies of the Company and any changes therein that may be adopted from time to time by the Company. The Executive shall be eligible to participate in all benefit programs that the Company establishes and makes available to all of its executives on
such terms as the Board of Directors shall determine, if any, to the extent that the Executive meets the eligibility requirements to participate as set forth in the applicable plan or policy. Nothing herein limits the Company’s right to modify,
change, limit eligibility or discontinue any plan or policy at any time, with or without prior notice. 
 2.3 Reimbursement of
Expenses. The Company shall reimburse the Executive for all reasonable and appropriate travel, entertainment and other expenses incurred or paid by the Executive in connection with, or related to, the performance of his/her responsibilities or
services under this Agreement, in accordance with policies and procedures, and subject to limitations, adopted by the Company from time to time. 
 2.4 Withholding. All salary and other compensation payable to the Executive pursuant to this Agreement shall be subject to applicable taxes and withholdings. 
 3. Termination of Employment and Benefits Upon Termination. 
 3.1 General. Executive’s employment pursuant to this Agreement shall terminate upon the earliest to occur of (i) the Executive’s death, (ii) a termination by reason of disability,
(iii) a termination by the Company with or without Cause, (iv) a termination by the Executive, or (v) expiration of the Initial Term and any renewals or extensions thereof, unless at the expiration of such Initial Term, 

  

 -2- 

 
renewals or extensions thereof the Company determines that Executive’s employment will continue under separate terms and conditions. Whenever the
Executive’s employment shall terminate, and regardless of the reason for such termination, effective that same date he shall resign all offices, appointments and/or other positions Executive may hold with the Company including, but not limited
to, any parent corporation, subsidiaries or divisions of the Company or any such parent. 
 3.2 Termination Due to Death.
Executive’s employment shall automatically terminate upon the date of Executive’s death. No compensation or other benefits shall be payable to or accrue to Executive hereunder except as follows: 
 (a) (i) all amounts earned but unpaid hereunder through the date of termination with respect to salary, automobile allowance and vested
but unused vacation; (ii) to the extent not already paid, any amounts to which Executive is entitled under the Company’s annual incentive compensation plan for the fiscal year ended immediately prior to the date of termination;
(iii) his/her vested account balance under the BJ’s Wholesale Club, Inc. 401(k) Savings Plan for Salaried Employees; and (iv) any unreimbursed expenses incurred in accordance with Company policy (collectively, “Earned
Obligations”); 
 (b) any amounts the Executive would have been entitled to receive under the Company’s annual
incentive compensation plan had the Executive remained employed by the Company until the end of the fiscal year during which the termination of employment occurs (prorated for the period of active employment during such fiscal year). All such
amounts, if any, will be paid to the Executive’s estate at the same time as other incentive compensation plan payments for the year in which the termination occurs are paid; 
 (c) any payments or benefits under other plans of the Company to the extent such plans provide for benefits following Executive’s
death; and 
 (d) any unvested stock incentives under the Company’s stock incentive plan, granted prior to June 1,
2008, will become immediately vested and available to Executive. The provisions of this paragraph will not affect the vesting of stock incentives granted on June 1, 2008 or thereafter. 
 3.3 Termination Due to Disability. Executive’s employment may be terminated by reason of Executive’s disability, upon notice to
Executive, in the event of the inability of Executive to perform his/her duties hereunder by reason of disability, whether by reason of injury (physical or mental), illness (physical or mental) or otherwise, incapacitating Executive for a continuous
period exceeding one hundred twenty (120) days, as certified by a physician selected by Executive and the Company in good faith. No compensation or other benefits shall be payable to or accrue to Executive hereunder except as follows:

 (a) all Earned Obligations; 
  

 -3- 

 (b) any amounts the Executive would have been entitled to receive under the
Company’s annual incentive compensation plan had the Executive remained employed by the Company until the end of the fiscal year during which the termination of employment occurs (prorated for the period of active employment during such Fiscal
year). All such amounts, if any, will be paid at the same time as other incentive compensation plan payments for the year in which the termination occurs are paid; and 
 (c) any payments or benefits under other plans of the Company to the extent such plans provide for benefits following a termination of
employment due to disability; and 
 (d) any unvested stock incentives under the Company’s stock incentive plan will
become immediately vested and available to Executive. 
 3.4 Termination by the Company for Cause or by the Executive. The Company may
terminate the Executive’s employment at any time for Cause by providing Executive notice of such termination. For the purpose of this Agreement, termination by the Company for Cause shall refer to the Company’s termination of the
Executive’s employment because it has determined, in its sole and exclusive discretion, that he has: (i) refused or failed to devote his/her full normal working time, skills, knowledge, and abilities to the business of the Company and in
promotion of its interests or he has failed to fulfill directives of the CEO, the CEO’s designee or the Board of Directors; (ii) engaged in activities involving dishonesty, willful misconduct, willful violation of any law, rule, regulation
or policy of the Company or breach of fiduciary duty; (iii) committed larceny, embezzlement, conversion or any other act involving the misappropriation of the Company’s funds or property; (iv) been convicted of any crime which
reasonably could affect in an adverse manner the reputation of the Company or Executive’s ability to perform his/her duties hereunder; (v) been grossly negligent in the performance of his/her duties; or (vi) materially breached this
Agreement including, but not limited to, his/her obligations set forth in Sections 4 and 5 below. If Executive’s employment terminates pursuant to this Section 3.4 by the Company for Cause or by reason of the Executive’s resignation
at any time, Executive shall only receive the Earned Obligations, if any, through his/her termination date. Nothing herein waives any rights the Company may have for damages or equitable relief. 
 3.5 Termination by the Company Without Cause. The Company may terminate Executive’s employment without Cause at any time effective upon
Executive’s receipt of notice of such termination. No compensation or other benefits shall be payable to or accrue to Executive in the event of his/her termination without cause except as follows: 
 (a) all Earned Obligations; 
 (b) Subject to the Executive entering into a binding and irrevocable release of claims and separation agreement prepared by the Company, the Executive shall be eligible to receive: 
 (1) continuation of Base Salary for a period of twenty-four (24) months (the “Severance Period”), payable in such manner and at such times
as Executive’s Base Salary was being paid immediately prior to such termination; 
  

 -4- 

 (2) if the Executive elects to continue to participate in the Company’s medical and/or dental plans
for team members pursuant to a valid COBRA election (and if and only if such participation is legally and contractually permissible), an amount equal to the difference between the Executive’s actual COBRA premium costs and the amount the
Executive would have paid had Executive continued coverage as an employee under the Company’s applicable health plans without regard to the pre-tax benefits the Executive would have received under the BJ’s Wholesale Club, Inc. Flexible
Benefits Plan provided, however, that the Company’s obligations under this clause 3.5(b)(2) shall (A) not extend beyond the Severance Period, (B) be eliminated if the Executive discontinues COBRA benefits or (C) be reduced or
eliminated to the extent that Executive receives similar coverage and benefits under the plans and programs of a subsequent employer or entity or becomes eligible for similar coverage under a spouse’s employer; 
 (3) any amounts Executive would have been entitled to receive under the Company’s annual incentive compensation plan had the Executive remained
employed by the Company until the end of the fiscal year during which the termination of employment occurs (prorated for the period of active employment during such fiscal year). All such amounts, if any, will be paid at the same time as other
incentive compensation plan payments for the year in which the termination occurs are paid; and 
 (c) payments or benefits
under other plans of the Company to the extent that the plans provide for benefits following a termination of employment; and 
 (d) any unvested stock incentives under the Company’s stock incentive plan, granted prior to June 1, 2008, will become immediately vested and available to Executive. The provisions of this paragraph will not affect the vesting of
stock incentives granted on June 1, 2008 or thereafter. 
 Notwithstanding the foregoing, the payments and benefits described in
Section 3.5(b) above shall immediately terminate, and the Company shall have no further obligations to Executive with respect thereto, in the event that Executive (i) becomes employed by Wal-Mart Stores, Inc., Costco Wholesale Corporation,
Sam’s Clubs, or any of their respective subsidiaries or affiliates; or (ii) breaches any provision of Sections 4 or 5 of this Agreement. 
  

 -5- 

 4. Non-Competition and Non-Solicitation. 
 4.1 Restricted Activities. While the Executive is employed by the Company and for a period of twenty-four (24) months after the termination
or cessation of such employment for any reason, the Executive will not directly or indirectly: 
 (a) 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 the
Company’s business. A business or enterprise shall be deemed competitive if it shall operate a chain of membership warehouse clubs (by way of example, but not limitation, Sam’s Club or Costco), warehouse stores selling food and/or general
merchandise that includes a warehouse store located within 10 miles of any “then existing” BJ’s Wholesale Club warehouse store, or any other business that competes with the Company. Competitive business or enterprise also includes any
store or business operated or owned by Wal-Mart Stores, Inc., Costco Wholesale Corporation, or any of the respective affiliates thereof. The term “then existing” shall refer to any such warehouse store that is, at the time of termination
of the Executive’s employment, operated by the Company or any of its subsidiaries or divisions or under lease for operation as aforesaid; or 
 (b) 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 the Company to leave the employ of the
Company, 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 who was employed by the Company at the time of the termination or cessation of the Executive’s employment with the Company; provided that this clause (ii) shall not apply to the solicitation, hiring or engagement of any
individual whose employment with the Company has been terminated for a period of six months or longer at the time of such solicitation, hiring or employment. 
 4.2 Extension of Restrictions. If the Executive violates the provisions of Section 4.1, the twenty-four (24) month period referred to in Section 4.1 shall recommence and the Executive shall
continue to be bound by the restrictions set forth in Section 4.1 until a period of twenty-four (24) months has expired without any violation of such provisions. 
 4.3 Interpretation. If any restriction set forth in Section 4.1 is found by any court of competent jurisdiction 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 only over the maximum period of time, range of activities or geographic area as to which it may be
enforceable. 
 4.4 Equitable Remedies. The restrictions contained in this Section 4 are necessary for the protection of the
business and goodwill of the Company and are considered by the Executive to be reasonable for such purpose. The Executive agrees that any breach of this Section 4 is likely to cause the Company substantial and irrevocable damage which is
difficult to measure. Therefore, in the event of any such breach or threatened breach, the Executive agrees that the Company, in addition to such other remedies which may be available, 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 4, and the Executive hereby waives the adequacy of a remedy at law as a defense to such relief. 
  

 -6- 

 5. Proprietary Information. 
 5.1 Proprietary Information. 
 (a) The Executive agrees that all information, whether or not in writing, of a private, secret or confidential nature concerning the Company’s business, business relationships or financial affairs (collectively, “Proprietary
Information”) is and shall be the exclusive property of the Company. By way of illustration, but not limitation, Proprietary Information may include inventions, products, processes, methods, techniques, formulas, compositions, compounds,
projects, developments, plans, research data, financial data, personnel data, computer programs, customer and supplier lists, and contacts at or knowledge of customers or prospective customers of the Company. The Executive will not disclose any
Proprietary Information to any person or entity other than employees of the Company or use the same for any purposes (other than in the performance of his/her duties as an employee of the Company) without written approval by an executive officer of
the Company, either during or after his/her employment with the Company, unless and until such Proprietary Information has become public knowledge without fault by the Executive. 
 (b) The Executive agrees that all files, letters, memoranda, reports, records, data, sketches, drawings, laboratory notebooks, program
listings, or other written, photographic, or other tangible material containing Proprietary Information, whether created by the Executive or others, which shall come into his/her custody or possession, shall be and are the exclusive property of the
Company to be used by the Executive only in the performance of his/her duties for the Company. All such materials or copies thereof and all tangible property of the Company in the custody or possession of the Executive shall be delivered to the
Company, upon the earlier of (i) a request by the Company or (ii) termination of his/her employment. After such delivery, the Executive shall not retain any such materials or copies thereof or any such tangible property. 
 (c) The Executive agrees that his/her obligation not to disclose or to use information and materials of the types set forth in paragraphs
(a) and (b) above, and his/her obligation to return materials and tangible property set forth in paragraph (b) above also extends to such types of information, materials and tangible property of customers of the Company or suppliers
to the Company or other third parties who may have disclosed or entrusted the same to the Company or to the Executive. 
 5.2 Equitable
Remedies. The restrictions contained in this Section 5 are necessary for the protection of the business and goodwill of the Company and are considered by the Executive to be reasonable for such purpose. The Executive agrees that any breach
of this Section 5 is likely to cause the Company substantial and irrevocable damage which is difficult to measure. Therefore, in the event of any such breach or threatened breach, the Executive agrees that the Company, in addition to such other
remedies which may be available, 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 5, and the Executive hereby waives
the adequacy of a remedy at law as a defense to such relief. 
  

 -7- 

 6. Other Agreements. The Executive represents that his/her performance of all the terms of
this Agreement and the performance of his/her duties as an employee of the Company do not and will not breach any agreement with any prior employer or other party to which the Executive is a party (including without limitation any nondisclosure or
non-competition agreement). Any agreement to which the Executive is a party relating to nondisclosure, non competition or non-solicitation of employees or customers is listed on Schedule A attached hereto. 
 7. Miscellaneous. 
 7.1
Notices. Any notice delivered under this Agreement shall be deemed duly delivered four business days after it is sent by registered or certified mail, return receipt requested, postage prepaid, or one business day after it is sent for
next-business day delivery via a reputable nationwide overnight courier service, in each case to the address of the recipient set forth in the introductory paragraph hereto. Either party may change the address to which notices are to be delivered by
giving notice of such change to the other party in the manner set forth in this Section 7.1. 
 7.2 Pronouns. Whenever the
context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular forms of nouns and pronouns shall include the plural, and vice versa. 
 7.3 Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings,
whether written or oral, relating to the subject matter of this Agreement. 
 7.4 Amendment. This Agreement may be amended or modified
only by a written instrument executed by both the Company and the Executive. 
 7.5 Governing Law. This Agreement shall be governed by
and construed in accordance with the laws of the Commonwealth of Massachusetts (without reference to the conflicts of laws provisions thereof), except as may be preempted by ERISA. Any action, suit or other legal proceeding arising under or relating
to any provision of this Agreement shall be commenced only in a court of the Commonwealth of Massachusetts (or, if appropriate, a federal court located within Massachusetts), and the Company and the Executive each consents to the jurisdiction of
such a court. The Company and the Executive each hereby irrevocably waives any right to a trial by jury in any action, suit or other legal proceeding arising under or relating to any provision of this Agreement. 
 7.6 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of both parties and their respective successors and
assigns, including any corporation with which, or into which, the Company may be merged or which may succeed to the Company’s assets or business; provided, however, that the obligations of the Executive are personal and shall not be assigned by
him/her. 
  

 -8- 

 7.7 Waivers. No delay or omission by the Company in exercising any right under this Agreement
shall operate as a waiver of that or any other right. A waiver or consent given by the Company 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.
Notwithstanding the foregoing, if the Company is merged with or into a third party which is engaged in multiple lines of business, or if a third party engaged in multiple lines of business succeeds to the Company’s assets or business, then for
purposes of Section 4.1(a), the term “Company” shall mean and refer to the business of the Company as it existed immediately prior to such event and as it subsequently develops and not to the third party’s other businesses.

 7.8 Captions. The captions of the sections of this Agreement are for convenience of reference only and in no way define, limit or
affect the scope or substance of any section of this Agreement. 
 7.9 Severability. In case any provision of this Agreement shall be
invalid, illegal or otherwise unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby. 
 *     *     *     *     * 
  

 -9- 

 THE EXECUTIVE ACKNOWLEDGES THAT HE HAS CAREFULLY READ 
 THIS AGREEMENT AND UNDERSTANDS AND AGREES TO ALL OF THE 
 PROVISIONS IN THIS AGREEMENT. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the day and year set forth above. 
  

					
	BJ’S WHOLESALE CLUB, INC.	 		 	
			
	/S/ HERBERT J ZARKIN	 		 	/S/ FRANK D. FORWARD
	Herbert J Zarkin	 		 	Frank D. Forward
	Chairman of the Board	 		 	Executive Vice President,
	& Chief Executive Officer	 		 	Chief Financial Officer
			
		 		 	

  

									
	 ATTEST
	 	/S/ CAROL A. LEVINE	 		 	WITNESS:	 	/S/ LON F. POVICH

  

 -10- 

 SCHEDULE A 
 Agreements containing Restrictive Covenants 
 Schedule A 
 Executive’s initials______

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]