Document:

Exhibit 10.33

 

DOLLAR GENERAL CORPORATION

100
MISSION RIDGE

GOODLETTSVILLE,
TN 37072

 

December 27,
2007

 

Mr. David Bere

c/o Dollar General

100 Mission Ridge

Goodlettsville, TN  37072

 

Re:          Extension of Initial Term of Employment Agreement

 

Dear David:

 

In connection with the
closing of the acquisition contemplated in that certain Agreement and Plan of
Merger, dated as of March 11, 2007, by and among Buck Holdings, L.P., a
Delaware corporation (“Parent”), Buck Acquisition Corp., a Delaware corporation
and a wholly owned subsidiary of Parent, and the Dollar General Corporation (“Company”),
you and the Company executed an employment agreement (the “Employment Agreement”),
the terms of which became effective on July 6, 2007.  All capitalized terms not defined herein
shall have the meaning set forth in your Employment Agreement.

 

Pursuant
to the terms of your Employment Agreement, you currently serve as the Interim
Chief Executive Officer of the Company. 
The Employment Agreement provides that you will hold this position
during the Initial Term, which runs from the Effective Date of the Employment
Agreement through December 31, 2007. 
Pursuant to Section 3 of your Employment Agreement, the Company
seeks to extend the Initial Term for a period of
one calendar month following the end of the current Initial Term (the “Initial Term Extension”, as used in the Employment
Agreement).  The Company further proposes
that this Initial Term Extension will
automatically renew for an additional one calendar-month period beginning immediately
following the last day of this first Initial Term Extension and each one
calendar-month period thereafter, unless you or the Company provide the other
party with written notice of non-renewal at least five (5) business days
prior to the end of the applicable Initial Term Extension.  The Company agrees that its written notice of
non-renewal (without any extension otherwise contemplated under the Employment
Agreement) will constitute a failure to offer to renew, extend or replace the
Employment Agreement for purposes of Section 12(a)(iii) of the
Employment Agreement.

 

If you choose to agree to
the Company’s proposal to extend the Initial Term as provided above, please
sign where indicated below and return this letter agreement to me before December 31,
2007. By signing below, you and the Company agree that the Employment Agreement
is deemed amended to incorporate the terms of this letter agreement solely to
the extent of the subject matter contained herein, but shall in all other
respects remain in full force and effect in accordance with its terms.

 

 

In the event of any dispute
over the terms of this letter agreement, Section 22(h) of the
Employment Agreement shall govern.  This
letter agreement may be executed in counterparts.

 

[signature page to
follow]

 

2

 

	
   

  	
   

  	
  Sincerely,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  DOLLAR GENERAL CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By  

  	
  /s/ Michael Calbert

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael Calbert

  
	
   

  	
   

  	
   

  	
  Title:Chairman, Board of Directors

  

 

 

	
  Accepted and agreed to as of

  	
   

  
	
  the date first above written:

  	
   

  
	
   

  	
   

  
	
  DAVID BERE

  	
   

  
	
   

  	
   

  
	
  By  

  	
  /s/ David Bere

  	
   

  	
   

  
	
   

  	
  Name: David Bere

  	
   

  
				

 

3Exhibit
10.34

 

DOLLAR GENERAL
CORPORATION

100 MISSION RIDGE

GOODLETTSVILLE, TN
37072

 

January 8,
2008

 

Mr. David Bere

c/o Dollar General
Corporation

100 Mission Ridge

Goodlettsville, TN  37072

 

Re:    Notice
of Initiation of Transition Period under Employment Agreement

 

Dear David:

 

In connection with the
closing of the acquisition contemplated in that certain Agreement and Plan of
Merger, dated as of March 11, 2007, by and among Buck Holdings, L.P., a
Delaware corporation (“Parent”), Buck Acquisition Corp., a Delaware corporation
and a wholly owned subsidiary of Parent, and the Dollar General Corporation (“Company”),
you and the Company executed an employment agreement (the “Employment Agreement”),
the terms of which became effective on July 6, 2007.  All capitalized terms not defined herein
shall have the meaning set forth in your Employment Agreement.

 

Pursuant to the terms of
your Employment Agreement, you currently serve as the Interim Chief Executive
Officer of the Company.  Section 3
of your Employment Agreement provides that at the Company’s option the Company
may extend your service under the Employment Agreement for three (3) months
if a new Chief Executive Officer is hired by the Company during the Initial
Term or any Initial Term Extension (the “Transition Period” as used in the
Employment Agreement).  Further, Section 3
of your Employment Agreement provides that the Company is required to provide
you with notice of its intent to initiate the Transition Period at least five (5) business
days prior to the date of the new Chief Executive Officer’s commencement of
employment with the Company.  By this
letter, the Company hereby provides you notice of the initiation of the
Transition Period, such period to last for three (3) calendar months from
the date the new Chief Executive Officer commences employment with the Company,
in lieu of any month-to-month renewal of the Initial Term Extension as
currently in effect (which was put into effect by the mutual agreement between
you and the Company under the terms of the letter executed by you and the
Company on December 28, 2007).

 

In the event of any
dispute over the terms of this letter agreement, Section 22(h) of the
Employment Agreement shall govern.  This
letter agreement may be executed in counterparts.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  DOLLAR GENERAL CORPORATION

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Michael Calbert

  	
   

  
	
   

  	
   

  	
  Name: Michael Calbert

  	
   

  
	
   

  	
   

  	
  Title: Chairman, Board
  of DirectorsExhibit 10.35

 

Supplemental
Release

 

This Supplemental Release
agreement is between Dollar General Corporation and David Perdue (collectively “the
Parties”). Reference is made to that Employment Agreement entered by the
Parties on September 18, 2006 (the “Employment Agreement”) and to that
Release Agreement entered between the Parties dated July 16, 2007 (the “Release”).

 

WHEREAS, a dispute has arisen between the parties
as to the meaning and interpretation of Section 11(a)(iv) of the
Employment Agreement;

 

WHEREAS, in compromise of that dispute and to
fully and finally resolve the matter, Dollar General has agreed to provide
Perdue certain payments as fully described below.

 

NOW, THEREFORE, the Parties agree as follows:

 

1.                    On January 7, 2008, Dollar General will pay
Perdue $24,892 plus the amount described in no. 2 below; provided that no
payment shall be made unless this Supplemental Release has been executed and
the revocation period described in no. 7 below has expired. Such amount
represents approximately 36 times the monthly cost to Perdue of his current
COBRA premiums.

 

2.                    Dollar General will also pay Perdue an additional
amount (the “gross up” amount) that will be sufficient to cover the tax impact
to him resulting from the payment referenced in no. 1 above as required
under the last sentence of Section 11(a)(iv) and Section 11(b) of
the Employment Agreement. The intention of this payment is that the net total
payment to Perdue will be the $24,892 referenced in no. 1 above.

 

3.                    In exchange for the payments referenced in nos. 1
and 2 above, Perdue hereby voluntarily and irrevocably waives, releases, and
withdraws all claims, complaints, suits or demands which he ever had, may have
or now has relating to Section 11(a)(iv) of the Employment Agreement,
retiree medical benefits, and/or health insurance, or any direct or indirect
payment or reimbursement for such benefits or insurance, or any obligation on
the part of Dollar General to procure any such benefits or insurance.

 

4.                    This Supplemental Release is solely for the purposes
specifically described herein and in no other way supersedes, waives, amends or
alters the Employment Agreement or the Release.

 

5.                    This Supplemental Release shall not in any way be
construed as an admission by Dollar General or Perdue of any improper actions
or liability whatsoever as to one another, and each specifically disclaims any
liability to or improper actions against the other or any other person, on the
part of itself or himself, its or his employees or agents.

 

6.                    Employee warrants, represents and agrees that he has
been encouraged in writing to seek advice from anyone of his choosing regarding
this Supplemental Release, including his attorney and account or tax advisor,
prior to his signing it; that this Supplemental Release represents written
notice to do so; that he has been given the opportunity and sufficient time to
seek 

 

 

such advice; and that he
fully understands the meaning and contents of this Supplemental Release. He
further represents and warrants that he was not coerced, threatened or
otherwise forced to sign this Supplemental Release, and that his signature
appearing hereinafter is voluntary and genuine. PERDUE
UNDERSTANDS THAT HE MAY TAKE UP TO TWENTY-ONE (21) DAYS TO CONSIDER
WHETHER OR NOT HE DESIRES TO ENTER INTO THIS RELEASE.

 

7.                    PERDUE UNDERSTANDS THAT HE MAY REVOKE
THIS RELEASE BY NOTIFYING DOLLAR GENERAL IN WRITING OF SUCH REVOCATION WITHIN
SEVEN (7) DAYS OF HIS EXECUTION OF THIS RELEASE AND THAT THIS RELEASE IS
NOT EFFECTIVE UNTIL THE EXPIRATION OF SUCH SEVEN (7) DAY PERIOD. HE
UNDERSTANDS THAT UPON THE EXPIRATION OF SUCH SEVEN (7) DAY PERIOD,
THIS RELEASE WILL BE BINDING UPON HIM AND HIS HEIRS, ADMINISTRATORS,
REPRESENTATIVES, EXECUTORS, SUCCESSORS AND ASSIGNS AND WILL BE IRREVOCABLE.

 

Acknowledged and agreed
to:

 

	
  Dollar General Corporation

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:  

  	
  /s/
  Susan Lanigan

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Date:  

  	
  12/28/2007

  
	
  Its:  

  	
  EVP,
  General Counsel

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  David Perdue

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/
  David A. Perdue

  	
   

  	
  Date:  

  	
  12/27/2007

  
	
  David Perdue

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