Document:

HD Supply Canada, Inc. Demand Bond and Endorsement

 Exhibit 10.29 
  

			
	CANADA	  	PROVINCE OF QUÉBEC

 HD SUPPLY CANADA INC. 
 (Amalgamated under the laws of the Province of Ontario) 
 25% Demand Bond

  

			
	No. 01	  	CAN$3,000,000,000

 HD Supply Canada Inc. (hereinafter called the “Corporation”), for value received, promises to pay
on demand to Merrill Lynch Capital Canada Inc., in its capacity as Canadian agent (in such capacity, the “Agent”) under the Credit Agreement dated August 30, 2007, or its registered assigns, at 181 Bay Street, Suite 400, BCE
Place, in the City of Toronto, Province of Ontario, M5J 2V8, upon presentation and surrender thereat of the present Bond, the sum of THREE BILLION Dollars in lawful money of Canada (CAN$3,000,000,000) and to pay interest thereon on demand, from the
date hereof until the actual date of payment, at the same address and in like money, at a rate equal to twenty-five percent (25%) per annum, calculated annually, plus interest on all overdue interest, calculated annually at the same rate, from
its due date until the actual date of payment. 
 This Bond is issued under and secured by a Deed of Hypothec and Issue of Bonds executed between the
Corporation and Merrill Lynch Capital Canada Inc., in its capacity as “fondé de pouvoir” (person holding the power of attorney) of the Bondholders for all purposes of Article 2692 of the Civil Code of Québec (in
such capacity, the “Attorney”), on the Thirtieth (30th) day of August, 2007 (the “Deed of Hypothec”), to which Deed of Hypothec reference is hereby made for the terms and conditions upon and subject to which
this Bond is issued and held and for the nature and extent of the security thereof. 
 As of the date hereof, the total principal nominal value of Bonds
authorized to be issued under the Deed of Hypothec from time to time is limited to THREE BILLION Dollars in lawful money of Canada (CAN$3,000,000,000). All Bonds at any time outstanding under the Deed of Hypothec rank pari passu and are
equally and rateably secured by the Deed of Hypothec: 
 This Bond is fully registered and may only be transferred by the holder hereof upon compliance with
the provisions of the Deed of Hypothec in that regard. 
 This Bond is subject to the terms and conditions of the Deed of Hypothec to all of which the holder
of this Bond by its acceptance hereof assents. 
 This Bond shall not become obligatory until it has been certified by the Attorney under the Deed of
Hypothec. 

 All capitalized terms and expression used herein, unless otherwise defined, shall have the same meaning as that ascribed
to them in the Deed of Hypothec. 
 The present Bond shall be governed by, and construed in accordance with, the laws of the Province of Québec and
the laws of Canada applicable therein. 
 The holder or any transferee of this Bond, by its acceptance thereof, is hereby deemed to have ratified the
appointment of the Attorney in its capacity as “fondé de pouvoir” for all purposes of Article 2692 of the Civil Code of Québec. 
 The Corporation, by its signature on the one hand and the holder or any transferee of the Bond, by their acceptance of the Bond on the other hand, acknowledge that they have expressly required the Bond to be drawn up
in the English language. La Corporation, par sa signature, d’une part et le détenteur et tous cessionnaires de cette obligation par leur acceptation, d’autre part, déclarent qu’ils ont expressément exigé
que la présente obligation soit rédigée en anglais. 
 IN WITNESS WHEREOF, HD Supply Canada Inc., has caused
this Bond to be signed by its representative and to be dated as of the Thirtieth (30th) day of August, Two Thousand and Seven (2007). 
  

			
	HD SUPPLY CANADA INC.
		
	By:	 	/s/ Maxime B. Rhéaume
	 Name:
 Title:
	 	 Maxime B. Rhéaume
 Quebec Authorized Signatory

  

 2 

 “FONDÉ DE POUVOIR”’S CERTIFICATE 
 This Bond is a 25% Demand Bond No. 01 issued under the Deed of Hypothec within mentioned. 
 Date of Certification: as of August 30, 2007. 
  

			
	 MERRILL LYNCH CAPITAL
 CANADA INC.,
as Canadian agent

		
	Per:	 	/s/ James Papadimitriou
	 Name:
 Title:
	 	 James Papadimitriou
 Authorized
Representative

 FORM OF TRANSFER 
 For value received
                                 by these presents cedes and transfers to
                                         
                        the present 25% Demand Bond
No.                     with full power of substitution, as well as its rights, the principal amount and outstanding interest on the said
Bond, and irrevocably appoints the Attorney as its attorney to complete the transfer on the books of the above-mentioned Corporation maintained by the Attorney pursuant to the Deed of Hypothec. 
 Dated
                                        ,
                    . 
  

							
		  	Witness	  		  	
		  		  		  	
		  		  		  	
		  	 	  	 	  	
		  		  	Signed by:HD Supply Management Incentive Plan

 Exhibit 10.30 
 

 
  

					
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 2009 
 HD SUPPLY 
 Management Incentive Plan 

  

	
	PURPOSE

 The HD Supply Management Incentive Plan (“MIP”) is designed to motivate and
reward eligible associates and align pay with the successful attainment of business goals. 
  

	
	ELIGIBILITY

 An HD Supply Associate is eligible to participate in the MIP plan if the individual
is: 
  

	 	•	 	 Assigned to an incentive eligible position in the HD Supply job structure in one of the following career levels; on or before December 1st of the Plan Year:

					
		 	  
 ¡
  
	 	Manager
		 	  
 ¡
  
	 	Senior Manager
		 	  
 ¡
  
	 	Director
		 	  
 ¡
  
	 	Senior Director
		 	  
 ¡
  
	 	Vice President
		 	  
 ¡
  
	 	Executive

 An HD Supply Associate is eligible to receive an award under the MIP plan if they are a: 
  

	 	•	 	 In an incentive eligible position for any portion of the plan year. 

	 	•	 	 Active at the time of payout with the exception of involuntary termination (not for cause), retirement, disability or death. 

	 	•	 	 Newly hired associate in an incentive eligible position. 

	 	•	 	 Associates who transfer into another bonus eligible position, which is also eligible for MIP, may change the target percentage based on the position.

	 	•	 	 Is actively employed by HD Supply as of the date on which the award is paid; or 

  

					
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	PRORATION

 The MIP payout will be prorated based upon the number of days the Associate is in an
incentive eligible position. The following are reasons why the MIP payout would be prorated: 
  

	 	•	 	 Date of hire 

	 	•	 	 Movement between businesses 

	 	•	 	 Change in target percentage due to job level change 

	 	•	 	 Change in eligibility due to position change 

	 	•	 	 Current HD Supply’s leave of absence policies 

	 	•	 	 Retirement, death, or disability 

  

	
	PLAN METRICS

 Annually, the Company will establish bonus performance measures. Performance measures
typically may include: 
  

	 	•	 	 LoB/GSC Performance Multiplier based on financial metrics such as: 

					
		 	  
 ¡
  
	 	EBITDA
		 	  
 ¡
  
	 	Cash Flow

  

	 	•	 	 Individual Performance Multiplier 

					
		 	  
 ¡
  
	 	Based on the participant’s individual performance and contribution as determined by management

  

	
	INCENTIVE AWARD CALCULATION

 The MIP calculation is as follows: 
 

 
  

			
	Example:	  	
	Base salary as of fiscal year close:	  	$80,000.00
	MIP Target %:	  	10%
	LoB/GSC Multiplier result:	  	81%
	Individual Performance Multiplier:	  	105%
	Proration:	  	100%
	Payout Amount:	  	$6,804.00

 *The salary used in calculating your incentive payout will typically be as of the last day of the plan year (January
31st). 
  

					
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 ** The Proration percentage may be less than 100%
for participants eligible less than the full fiscal year. 
  

	
	INDIVIDUAL PERFORMANCE MULTIPLIER

 The MIP pool within each LoB/GSC will be distributed based on an Individual Performance
Multiplier. The Multiplier can range from 0% and 125% of earned amount. 
  

	
	PLAN EXCEPTIONS

 Exceptions to the policies in this Plan document must be: 

	 	•	 	 Approved by SVP, Human Resources HD Supply 

	 	•	 	 Reviewed by the VP, Compensation and Benefits 

  

	
	DEFINITIONS

 Business 
 Business refers to an individual Line of Business within the HD Supply portfolio 
 Cash Flow 
 The excess of cash revenues over cash outlays in a given period of time; not including non-cash expenses. 
 Company 
 Company refers to HD Supply 
 EBITDA 

 EBITDA is Earnings Before Interest, Tax, Depreciation, and Amortization 
 Incentive Period 
 The incentive period represents the fiscal year for the Company. 
 Performance Rating 
 Rating submitted during performance management process used to determine whether an associate has met established
performance goals and demonstrated the appropriate behavior during the course of meeting those goals. 
 Plan Year 
 HD Supply’s fiscal year is typically February 1st through January 31st 
 Proration 
 Adjustment in the incentive award amount for an associate eligible for a portion of the performance year (examples: new hires, transfers between businesses, change in career level
and leaves of absences). 
 Salary 
 The annual pay an Associate receives for
performing specific job responsibilities. 
  

					
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 Target 
 Target is a percent of the Associate’s base salary based on career level 
  

	
	PLAN ADMINISTRATION

 The VP, Compensation and Benefits will serve as Plan Administrator. Human Resources and
Finance are responsible for developing, implementing and interpreting the incentive plan. In keeping with the objectives of the Plan, the Plan Administrator, Human Resources and Finance will review the Plan periodically to consider changes and
improvements that support the objectives of the Plan and that are in the best interest of HD Supply. The Company’s Finance and Human Resources leaders approve all plans prior to implementation and sign off on incentive payments. Compensation
will be responsible for payment of the incentive. Final performance results and payouts will be reviewed by and are within the sole discretion of the Company. Disputes shall be submitted and resolved by a review committee consisting of the HD Supply
CFO, SVP Human Resources and CEO. 
  

	
	PAYROLL ISSUES

 Incentive pay is considered earnings for the 401(k) plan. For Associates enrolled in the
401(k) retirement plan, deductions will be taken from incentive payments based on 401(k) election and applicable legal limits. 
  

	
	TAX IMPLICATIONS

 HD Supply typically includes incentive compensation with the Associate’s regular base
pay check. Federal and State taxes are withheld at the supplemental rate as mandated/required by Federal and State agencies for incentive/bonus pay. Additionally, Social Security and other Federal or State deductions will also be taken. 

 

	
	LEAVE OF ABSENCE (LOA)

 Eligibility and payouts under the plan will adhere to the HD Supply’s Leave of
Absence policy. 
  

	
	TERMINATION OF EMPLOYMENT

 This Plan shall not confer upon any Participant any right with respect to continuance of
employment or other service with HD Supply or any Subsidiary and shall not interfere in any way with any right that HD Supply or any Subsidiary would otherwise have to terminate any Participant’s employment or other service at any time.

 Notwithstanding any other provision of this Plan to the contrary, in the event of termination of employment by reason of reduction in force, disability, death or
leave of absence approved by HD Supply, or in the event of hardship or other special circumstances, of a Participant who is a participant in the Management Incentive Plan that has not been fully earned, the HD Supply Leadership Team may in its sole
discretion take any action that it deems to be equitable under the circumstances or in the best interests of HD Supply, including, without limitation, waiving or modifying any limitation or requirement with respect to any Award under this Plan.

  

					
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	WINDFALLS OR OTHER UNFORESEEN ISSUES

 When dealing with unforeseen issues, the Company desires to do what is fair for both the
Associate and the Company. The company’s Finance leader will provide a recommendation to the CEO for approval as necessary to resolve unforeseen issues. Examples would include, but are not limited to unexpected windfalls, unexpected loss of
vital customers through no fault of the Associate or Company, etc. 
  

	
	RIGHT TO CHANGE OR MODIFY THE
PLAN

 The Company reserves the right to continue, modify, or terminate any compensation program
at any time. The Company reserves the right to review and approve exceptions to the plan throughout the plan year. 
  

	
	NO EMPLOYMENT RIGHT

 This Plan shall not confer upon any Participant any right with respect to continuance of
employment or other service with HD Supply or any of its subsidiaries and shall not interfere in any way with any right that HD Supply or any Subsidiary would otherwise have to terminate any Participant’s employment or other service at any
time. 
  

	
	LIMITATION PERIOD

 Any person who believes he or she is being denied any benefit or right under the Plan may
file a written claim with HD Supply SVP of Human Resources. Any claim must be delivered within forty-five (45) days of the specific event giving rise to the claim. Untimely claims will not be processed and shall be deemed denied. HD Supply SVP
of Human Resources, or his/her designated agent, will notify the Participant of his/her decision in writing as soon as administratively practicable. Claims not responded to by HD Supply Leadership in writing within ninety (90) days of the date
the written claim is delivered to HD Supply Leadership shall be deemed denied. HD Supply Leadership’s decision is final and conclusive and binding on all persons. No lawsuit relating to the Plan may be filed before a written claim is filed with
HD Supply Leadership and is denied or deemed denied and any lawsuit must be filed within one year of such denial or deemed denial or be forever barred. 
  

	
	CONFIDENTIALITY

 The information contained in this document is confidential and may be distributed only to
individuals that are active Associates of The Company and participants in the plan, or involved in the approval, processing or payment of incentives under the plan. The plan may be discussed verbally with potential new hire 
  

					
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