Document:

EX-10.11

 Exhibit 10.11 

Scott Kessler 

EMPLOYMENT AGREEMENT 

AGREEMENT dated as of May 30, 2017 between Scott Kessler, whose address is
                                         
        (“Executive”), and BJ’s Wholesale Club, Inc., a Delaware corporation, whose principal office is 25 Research Drive, Westborough, Massachusetts (“Employer” or “Company”).

 W I T N E S S E T H 

WHEREAS, the Company desires to employ the Executive, and the Executive desires to be employed by the Company; 

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 the Executive agree as follows: 
 1. Employment and
Duties. 
 1.1 Employment. Commencing on May 30, 2017 (the “Effective Date”), the Company agrees to employ the
Executive and the Executive agrees to be employed by the Company subject to the terms set forth herein. 
 1.2 Duties. As of the
Effective Date, the Executive shall serve the Company as its Executive Vice President, Chief Information 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/she 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 as a member of not more than one for-profit board of directors so long as the Executive receives prior written permission from the CEO, (ii) 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 (iii) make passive
investments where the Executive is not obligated or required to, and shall not in fact, devote any managerial efforts. The Company shall have the right to limit the 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. The 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 the 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. 
 2.5 Relocation Payment. You will be paid a relocation stipend of $150,000, payable on or before the third
week of employment. 
  

	 	3.	 Termination of Employment and Benefits upon Termination. 

3.1 General. The 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, or (iv) a termination by the Executive. Whenever the Executive’s employment shall terminate, and
regardless of the reason for such termination, effective that same date he/she shall resign all offices, appointments and/or other positions the 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. The Executive’s employment shall automatically
terminate upon the date of the Executive’s death. No compensation or other benefits shall be payable to or accrue to the Executive hereunder except as follows: 

(a) (i) all amounts earned but unpaid hereunder through the date of termination with respect to salary and vested but unused
vacation; (ii) to the extent not already paid, any amounts to which the 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”); 

  
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 (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; and 

(c) any payments or benefits under other plans of the Company to the extent such plans provide for benefits following the
Executive’s death. 
 3.3 Termination Due to Disability. The Executive’s employment may be terminated by reason of the
Executive’s disability, upon notice to the Executive, in the event of the inability of the 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. For purposes of this Agreement, a disability is defined as the occurrence when the Executive is incapacitated for a continuous period exceeding one hundred twenty (120) days, as certified by a physician selected by the Executive and
the Company in good faith. No compensation or other benefits shall be payable to or accrue to the Executive hereunder except as follows: 

(a) all 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 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. 

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 the 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/she 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/she 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 

  
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reasonably could affect in an adverse manner the reputation of the Company or the 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 the 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, the 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 the Executive’s employment without Cause at
any time effective upon the Executive’s receipt of notice of such termination. No compensation or other benefits shall be payable to or accrue to the Executive in the event of his/her termination without Cause except as follows: 

(a) all Earned Obligations; 

(b) In the event of such termination, then subject to the Executive entering into a binding and irrevocable release of
claims and separation agreement prepared by the Company and the expiration on or before the 60th day after the Executive’s separation from service of any period during which the Executive is
entitled to revoke the release, the Executive shall be eligible on such sixtieth (60th) day 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 the Executive’s Base Salary was being paid immediately prior to such termination; 
 (2) an amount equal to the
difference between the Executive’s actual COBRA premium costs and the amount the Executive would have paid had the 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 that 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) and 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 the 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; 

  
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 (3) 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; 

(4) in the event such termination occurs within one year following a Change in Control (which shall have the meaning given to such term in the
Fourth Amended and Restated 2011 Stock Option Agreement of Beacon Holdings, Inc.), an amount equal to the product of: (i) (A) the price per share of Beacon Holdings, Inc. common stock at which such Change in Control was consummated, minus (B)
$49.00, multiplied by (ii) the number of unvested options under that certain option agreement between you and the Company, dated as of the date hereof; 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. 
 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 the Executive with respect thereto, in the event that the Executive (i) becomes employed by Wal-Mart Stores, Inc., Costco
Wholesale Corporation, Sam’s Club, or any of their respective subsidiaries or affiliates; or (ii) breaches any provision of Sections 4 or 5 of this Agreement. 

3.6 Special Rules Applicable to Deferred Compensation. 

Notwithstanding anything herein to the contrary, Sections 3.3(a), 3.3(c), 3.4, 3.5(a) and 3.5(c) shall be construed and applied so that the
time of payment of any amount constituting the deferral of compensation, within the meaning of Section 409A(d) of the Code and the regulations issued thereunder, shall be determined in accordance with the plan or other arrangement providing
such payment and shall not be accelerated as a result of the Executive’s disability or termination of employment to which this Agreement applies. 

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 activity (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) for
Wal-Mart Stores Inc., Costco Wholesale Corporation, or Target Corporation, or any of their respective subsidiaries or affiliates (including, without limitation, Sam’s West, Inc. and Sam’s
East, 

  
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Inc. and any successors thereof) (such companies, the “Named Competitors”), or any other person or entity that competes with the Company with respect to any business or activity of the
Company entered into by the Company after the Effective Date; provided, however, that in the event Executive is employed by Bain & Company, Inc., the foregoing restriction shall apply for a period of 24 months as to the Named Competitors
and 12 months as to all other companies; 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 (6) 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. 

  
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 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. 

  
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 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
(4) 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 the Employee Retirement Income Security Act of 1974,
29 U.S.C. §1001 et seq. 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. 

  
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 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. 

*        *        *       
 *        * 
 THE EXECUTIVE ACKNOWLEDGES THAT HE/SHE 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/ Christopher J. Baldwin	 		 	/s/ Scott Kessler
	 Christopher J. Baldwin
 President
and Chief Executive Officer
	 		 	 Scott Kessler
 Executive Vice
President and Chief
 Information Officer

					
	ATTEST: 	 	 /s/ Graham N. Luce
	 		 	WITNESS: 	 	 /s/ Graham N. Luce

  
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 LP12:Employment Agreements/Employment Agreement Template EVP 2012 

  
 10 

 SCHEDULE A 

Agreements containing Restrictive Covenants 

Schedule A 
 Executive’s
initials                 
 A0146175.3 

  
 11EX-10.12(a)

 Exhibit 10.12(a) 

AMENDMENT TO THE 
 FOURTH
AMENDED AND RESTATED 2011 STOCK OPTION PLAN 
 OF 

BJ’S WHOLESALE CLUB HOLDINGS, INC. 

THIS AMENDMENT TO THE FOURTH AMENDED AND RESTATED 2011 STOCK OPTION PLAN OF BJ’S WHOLESALE CLUB HOLDINGS, INC. (this
“Amendment”), dated as of June 14, 2018, is made and adopted by BJ’s Wholesale Club Holdings, Inc., a Delaware corporation (the “Company”). Capitalized terms used but not otherwise defined herein shall have the
respective meanings ascribed to them in the Plan (as defined below). This Amendment shall become effective upon the consummation of an initial public offering of the Company’s common stock and if such an initial public offering does not occur
on or prior to December 31, 2018 this Amendment shall be void ab initio. 
 RECITALS 

WHEREAS, the Company maintains the Fourth Amended and Restated 2011 Stock Option Plan of Beacon Holding Inc. (the “Plan”);

 WHEREAS, as of February 23, 2018, Beacon Holding Inc. was renamed BJ’s Wholesale Club Holdings, Inc.; 

WHEREAS, in connection with the Company’s initial public offering the Company intends to adopt the BJ’s Wholesale Club Holdings,
Inc. 2018 Incentive Award Plan (the “2018 Plan”) which 2018 Plan will become effective on the day immediately prior to the Public Trading Date (as defined in the 2018 Plan) (the “Effective Date”); 

WHEREAS, the Company desires to amend the Plan as set forth herein; and 

WHEREAS, pursuant to Section 7.3 of the Plan, the Plan may be amended at any time and from time to time by the Board or the Committee;.

 NOW, THEREFORE, BE IT RESOLVED, that the Plan shall be amended as follows: 

 

	 	1.	 Each reference to “Beacon Holding Inc.” (including, without limitation in the name of the Plan) shall
be amended to “BJ’s Wholesale Club Holdings, Inc.”. 

  

	 	2.	 Section 2.2 shall be deleted in its entirety and replaced with the following: 

“Section 2.2 Share Counting. If any Option (or portion thereof) expires or is canceled without having
been fully exercised, the number of shares of Common Stock subject to such Option (or portion thereof), but as to which such Option was not exercised prior to its expiration or cancellation, may again be optioned hereunder, subject to the
limitations of Section 2.1. In addition, (i) shares of Common Stock tendered by an Optionee or withheld by the Company in payment of the exercise price of an Option and (ii) shares of Common Stock tendered by an Optionee or withheld
by the Company to satisfy any tax withholding obligation with respect to an Option may again be optioned hereunder. 

	 	3.	 A new Section 3.6 shall be added to the Plan which states: 

Section 3.6 No Further Grants. Notwithstanding anything to the contrary herein, no further grants shall be
made pursuant to the Plan on or following the Effective Date (and subject to the occurrence of the Public Trading Date). Any shares of Common Stock which, as of the Effective Date, are available for issuance under the Plan (including, without
limitation, shares of Common Stock available pursuant to Section 2.2 hereof), and any shares of Common Stock that are subject to awards under the Plan which are forfeited or lapse unexercised, shall be available under the 2018 Plan to the
extent provided in Section 3.1 thereof. For the avoidance of doubt, in lieu of granting Allocation Options pursuant to Section 3.5 hereof, the Company may in its sole discretion pay an amount in cash or other property (including, without
limitation, options pursuant to the 2018 Plan) equal to the aggregate of the excess of the Fair Market Value of the shares subject to the Allocation Options over the exercise price of the Allocation Options. 

 

	 	4.	 Except as set forth herein, the Plan shall remain in full force and effect following the date of this
Amendment. 

 [signature page follows] 

 I hereby certify that the foregoing Amendment was adopted by the Board of Directors of
BJ’s Wholesale Club Holdings, Inc. as of June 14, 2018. 
 * * * * * 

Executed as of June 14, 2018. 
  

			
	By:	 	  

		 	Officer Name:
		 	Officer Title:

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