Document:

Exhibit 10.2 Forms of Amendment to Executive Employment Agreement

Exhibit 10.2

AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

THIS AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT (this “Amendment”) is made effective __________, 2015 (the “Effective Date”) by and between Ross Stores, Inc., a Delaware corporation (“Ross” or “the Company”), and ____________ (the “Executive”), and is made in consideration for Executive’s continued eligibility for future equity awards (the sufficiency of such consideration is acknowledged by the parties).  The parties hereby amend the Executive Employment Agreement between the Company and the Executive previously executed effective _________ (the “Agreement”), as follows:  
		
	1.
	Paragraph 6(c) (Termination for Cause) is hereby deleted in its entirety and replaced with the following new Paragraph 6(c):

(c) For Cause.  The Company may terminate the Executive’s employment for Cause.  For this purpose, “Cause” means the occurrence of any of the following (i) the Executive’s continuous failure to substantially perform the Executive’s duties hereunder (unless such failure is a result of a Disability as defined in Section 6(b)); (ii) the Executive’s theft, dishonesty, breach of fiduciary duty for personal profit or falsification of any documents of the Company; (iii) the Executive’s material failure to abide by the applicable code(s) of conduct or other policies (including, without limitation, policies relating to confidentiality and reasonable workplace conduct) of the Company; (iv) knowing or intentional misconduct by the Executive as a result of which the Company is required to prepare an accounting restatement; (v) the Executive’s unauthorized use, misappropriation, destruction or diversion of any tangible or intangible asset or corporate opportunity of the Company (including, without limitation, the Executive’s improper use or disclosure of confidential or proprietary information of the Company); (vi) any intentional misconduct or illegal or grossly negligent conduct by the Executive which is materially injurious to the Company monetarily or otherwise; (vii) any material breach by the Executive of the provisions of Section 9 [Certain Employment Obligations] of this Agreement; or (viii) the Executive’s conviction (including any plea of guilty or nolo contendere) of any criminal act involving fraud, dishonesty, misappropriation or moral turpitude, or which materially impairs the Executive’s ability to perform his or her duties with the Company.  A termination for Cause shall not take effect unless: (1) the Executive is given written notice by the Company of its intention to terminate the Executive for Cause; (2) the notice specifically identifies the particular act or acts or failure or failures to act which are the basis for such termination; and (3) where practicable, the notice is given within sixty days of the Company’s learning of such act or acts or failure or failures to act. 
		
	2.
	Paragraph 9(b) (Non-Compete) is hereby deleted in its entirety and Paragraphs 9(c), (d) and (e) are re-designated Paragraphs 9(b), (c) and (d), respectively.  

Except as specifically provided above, all other provisions of the Agreement shall remain in full force and effect.  

	
			
	Executive's Initials
	 
	Ross' Initials

Exhibit 10.2

IN WITNESS WHEREOF, the parties have executed this Executive Employment Agreement effective as of the date and year first above written.
                
	
			
	ROSS STORES, INC.
	 
	EXECUTIVE

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	By:  Barbara Rentler
	 
	 

	Chief Executive Officer
	 
	 

	
			
	Executive's Initials
	 
	Ross' Initials

Exhibit 10.2

AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

THIS AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT (this “Amendment”) is made effective __________, 2015 (the “Effective Date”) by and between Ross Stores, Inc., a Delaware corporation (“Ross” or “the Company”), and ____________ (the “Executive”), and is made in consideration for Executive’s continued eligibility for future equity awards (the sufficiency of such consideration is acknowledged by the parties).  The parties hereby amend the Executive Employment Agreement between the Company and the Executive previously executed effective _________ (the “Agreement”), as follows:  
		
	1.
	Paragraph 6(c) (Termination for Cause) is hereby deleted in its entirety and replaced with the following new Paragraph 6(c):

(c) For Cause.  The Company may terminate the Executive’s employment for Cause.  For this purpose, “Cause” means the occurrence of any of the following (i) the Executive’s continuous failure to substantially perform the Executive’s duties hereunder (unless such failure is a result of a Disability as defined in Section 6(b)); (ii) the Executive’s theft, dishonesty, breach of fiduciary duty for personal profit or falsification of any documents of the Company; (iii) the Executive’s material failure to abide by the applicable code(s) of conduct or other policies (including, without limitation, policies relating to confidentiality and reasonable workplace conduct) of the Company; (iv) knowing or intentional misconduct by the Executive as a result of which the Company is required to prepare an accounting restatement; (v) the Executive’s unauthorized use, misappropriation, destruction or diversion of any tangible or intangible asset or corporate opportunity of the Company (including, without limitation, the Executive’s improper use or disclosure of confidential or proprietary information of the Company); (vi) any intentional misconduct or illegal or grossly negligent conduct by the Executive which is materially injurious to the Company monetarily or otherwise; (vii) any material breach by the Executive of the provisions of Section 9 [Certain Employment Obligations] of this Agreement; or (viii) the Executive’s conviction (including any plea of guilty or nolo contendere) of any criminal act involving fraud, dishonesty, misappropriation or moral turpitude, or which materially impairs the Executive’s ability to perform his or her duties with the Company.  A termination for Cause shall not take effect unless: (1) the Executive is given written notice by the Company of its intention to terminate the Executive for Cause; (2) the notice specifically identifies the particular act or acts or failure or failures to act which are the basis for such termination; and (3) where practicable, the notice is given within sixty days of the Company’s learning of such act or acts or failure or failures to act. 
		
	2.
	Paragraph 9(b) (Non-Compete) is hereby deleted in its entirety and replaced with the following new Paragraph 9(b):

(i)During the Term of Employment and for a period of 24 months following the Executive's termination of employment with the Company, the Executive shall not, directly or indirectly, own, manage, control, be employed by, consult with, participate in, or be connected in any manner with the ownership, management, operation, control of, or otherwise become involved with, any Competing Business, nor shall the Executive undertake any planning to engage in any such activity, without the Company’s written consent.
For purposes of this Agreement, a Competing Business shall mean any of the following: (1) any off-price retailer including, without limitation, Burlington Stores, Inc., The TJX Companies, Inc., and Stein Mart, Inc.; (2) Macy’s, Inc.; and (3) any affiliates, subsidiaries or successors of the businesses identified above.

	
			
	Executive's Initials
	 
	Ross' Initials

Exhibit 10.2

(ii)Section 9(b)(i) shall not prohibit the Executive from making any investment of 1% or less of the equity securities of any publicly-traded corporation which is considered to be a Competing Business.
Except as specifically provided above, all other provisions of the Agreement shall remain in full force and effect.  
IN WITNESS WHEREOF, the parties have executed this Executive Employment Agreement effective as of the date and year first above written.
            

	
			
	ROSS STORES, INC.
	 
	EXECUTIVE

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	By:  Barbara Rentler
	 
	 

	Chief Executive Officer
	 
	 

	
			
	Executive's Initials
	 
	Ross' InitialsExhibit 10.3 Amendment to Independent Contractor Consultancy Agreement - Norman Ferber

EXHIBIT 10.3

AMENDMENT TO INDEPENDENT CONTRACTOR CONSULTANCY AGREEMENT

This Amendment to Independent Contractor Consultancy Agreement (the “Amendment”) is made and entered into as of February 17, 2015 (the “Effective Date”) by and between Ross Stores, Inc. (“Company” or “Ross”) and Norman A. Ferber, an individual (“Contractor” or “Ferber”), and amends the Amended and Restated Independent Contractor Consultancy Agreement entered into by the Company and Contractor effective as of January 6, 2010 and subsequently amended effective January 30, 2012 (collectively, the “Agreement”) as follows:

		
	1.
	Section 2.1 of the Agreement is deleted in its entirety and replaced with the following new Section 2.1:

2.1    Fees.  Company will pay Contractor an annual fee for services rendered in the amount of $1,523,000, payable in equal monthly installments on or before the tenth day of each month during the Term (as defined herein).

		
	2.
	The first two sentences of Section 2.3 of the Agreement are deleted in their entirety and replaced with the following new first sentences of Section 2.3:

2.3    Life Insurance.  Company will pay directly to Contractor the amount necessary to cover the aggregate premium payments for the period through May 31, 2018 (the “Remaining Insured Period”) for the existing (or a replacement) life insurance policy on the life of Contractor (the policy issued for the benefit of the Norman A. Ferber and Rosine Ferber 2001 Insurance Trust or as otherwise designated by Contractor), with a death benefit in the amount of $2,000,000 (the “Policy”).  Company acknowledges and agrees that it shall pay amounts each year during the Remaining Insured Period equal to that year’s premiums on the Policy through May 31, 2018.

		
	3.
	The second sentence of Section 3 of the Agreement is deleted in its entirety and replaced with the following new second sentence of Section 3:

3.      Independent Contractor Relationship.... Contractor is not authorized to make any representation, contract or commitment on behalf of Company unless specifically requested or authorized in writing to do so by Company’s Executive Chairman or CEO.

		
	4.
	The last sentence of Section 3.1 of the Agreement is deleted in its entirety and replaced with the following new last sentence of Section 3.1:

		
	3.1 
	Method of Performing Services; Results.... Contractor shall perform such consultancy services as shall be reasonably requested by Company’s Executive Chairman or CEO.

		
	5.
	The first sentence of Section 8.1 of the Agreement is deleted in its entirety and replaced with the following new first sentence of Section 8.1:

		
	8.1
	Term.   This Agreement is effective as of the Effective Date and will continue until May 31, 2018 (such date, the “Termination Date” and such period, the “Term”).

EXHIBIT 10.3

		
	6.
	The portion of Section 9.6 of the Agreement setting forth the address of Company is deleted in its entirety and replaced with the following new address:

If to Company:    Ross Stores, Inc.
5130 Hacienda Drive
Dublin, CA 94568
Attn: General Counsel

6.   Except as so amended, the Agreement remains in full force and effect.

IN WITNESS WHEREOF, the parties have executed this Amendment to the Agreement as of the first date first above written.

	
				
	Company:
	 
	Contractor:

	 
	 
	 
	 

	ROSS STORES, INC.
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	/s/ G. Orban
	 
	/s/ Norman A. Ferber

	By:
	George Orban
	 
	Norman A. Ferber

	 
	Chairman, Compensation Committee

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