Document:

EX-10.6

 Exhibit 10.6 
 EMPLOYMENT AGREEMENT 
 DATED AS OF JANUARY 29, 2012 

BETWEEN JEROME ROSSI AND THE TJX COMPANIES, INC 

 INDEX 

 
  

					
	  	  	PAGE	 
	 1.      EFFECTIVE DATE; TERM OF AGREEMENT
	  	 	1	  
		
	 2.      SCOPE OF EMPLOYMENT
	  	 	1	  
		
	 3.      COMPENSATION AND BENEFITS
	  	 	2	  
		
	 4.      TERMINATION OF EMPLOYMENT; IN GENERAL
	  	 	3	  
		
	 5.      BENEFITS UPON NON-VOLUNTARY TERMINATION OF EMPLOYMENT OR UPON EXPIRATION OF THE
AGREEMENT
	  	 	3	  
		
	 6.      OTHER TERMINATION
	  	 	7	  
		
	 7.      CHANGE OF CONTROL
	  	 	7	  
		
	 8.      AGREEMENT NOT TO SOLICIT OR COMPETE
	  	 	7	  
		
	 9.      ASSIGNMENT
	  	 	11	  
		
	 10.    NOTICES
	  	 	11	  
		
	 11.    WITHHOLDING; CERTAIN TAX MATTERS
	  	 	11	  
		
	 12.    RELEASE
	  	 	11	  
		
	 13.    GOVERNING LAW
	  	 	12	  
		
	 14.    ARBITRATION
	  	 	12	  
		
	 15.    TERMINATION OF EMPLOYMENT AND SEPARATION FROM SERVICE
	  	 	12	  
		
	 16.    ENTIRE AGREEMENT
	  	 	13	  
		
	 EXHIBIT A Certain Definitions
	  	 	A-1	  
		
	 EXHIBIT B Definition of “Change of Control”
	  	 	B-1	  
		
	 EXHIBIT C Change of Control Benefits
	  	 	C-1	  

  
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 JEROME ROSSI 
 EMPLOYMENT AGREEMENT 
 AGREEMENT dated as of January 29, 2012 between Jerome
Rossi (“Executive”) and The TJX Companies, Inc., a Delaware corporation whose principal office is in Framingham, Massachusetts 01701 (the “Company”). 
 RECITALS 
 The Company and Executive intend that Executive shall be
employed by the Company on the terms set forth below and, to that end, deem it desirable and appropriate to enter into this Agreement. 
 AGREEMENT 
 The parties hereto, in consideration of the mutual agreements
hereinafter contained, agree as follows: 
 1. EFFECTIVE DATE; TERM OF AGREEMENT. This Agreement shall become effective as of
January 29, 2012 (the “Effective Date”). Upon effectiveness of this Agreement on the Effective Date, the Employment Agreement between the Company and the Executive dated as of January 29, 2010 (as amended, the “Prior
Agreement”) shall terminate and be of no further force and effect. Subject to earlier termination as provided herein, Executive’s employment hereunder shall continue on the terms provided herein until February 1, 2014 (the “End
Date”). The period of Executive’s employment by the Company from and after the Effective Date, whether under this Agreement or otherwise, is referred to in this Agreement as the “Employment Period.” This Agreement is intended to
comply with the applicable requirements of Section 409A and shall be construed accordingly. 
 2. SCOPE OF EMPLOYMENT.

 (a) Nature of Services. Executive shall diligently perform such duties and assume such responsibilities as shall from
time to time be specified by the Company. 
 (b) Extent of Services. Except for illnesses and vacation periods, Executive
shall devote substantially all his working time and attention and his best efforts to the performance of his duties and responsibilities under this Agreement. However, Executive may (i) make any passive investments where he is not obligated or
required to, and shall not in fact, devote any managerial efforts, (ii) subject to approval by the Board or a committee thereof (which approval shall not be unreasonably withheld or withdrawn), participate in charitable or community activities
or in trade or professional organizations, or (iii) subject to approval by the Board or a committee thereof (which approval shall not be unreasonably withheld or withdrawn), hold directorships in public companies, except only that the Board or
such committee shall have the right to limit such services as a director or such participation in charitable or community activities or in trade or professional organizations whenever the Board or such committee shall believe that the time spent on
such activities infringes in any material respect upon the time required by Executive for the performance of his duties under this Agreement or is otherwise incompatible with those duties. 

  
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 3. COMPENSATION AND BENEFITS. 

(a) Base Salary. Executive shall be paid a base salary at the rate hereinafter specified, such Base Salary to be paid in the same
manner and at the same times as the Company shall pay base salary to other executive employees. The rate at which Executive’s Base Salary shall be paid shall be $780,000 per year or such other rate (not less than $780,000 per year) as the
Committee may determine after Committee review not less frequently than annually. 
 (b) Existing Awards. Reference is
made to outstanding awards to Executive of stock options and of performance-based restricted stock made prior to the Effective Date under the Company’s Stock Incentive Plan (including any successor, the “Stock Incentive Plan”), to the
award opportunity granted to Executive for FYE 2012 under the Company’s Management Incentive Plan (“MIP”), and to award opportunities granted to Executive under the Company’s Long Range Performance Incentive Plan
(“LRPIP”) for cycles beginning before the Effective Date. Each of such awards outstanding immediately prior to the Effective Date shall continue for such period or periods and in accordance with such terms as are set out in the applicable
grant, award certificate, award agreement and other governing documents relating to such awards and shall not be affected by the terms of this Agreement except as otherwise expressly provided herein. 

(c) New Stock Awards. Consistent with the terms of the Stock Incentive Plan, during the Employment Period, Executive will be
entitled to stock-based awards under the Stock Incentive Plan at levels commensurate with his position and responsibilities and subject to such terms as shall be established by the Committee. With respect to Stock Incentive Plan awards described in
Section 3(b) (Existing Awards) and this Section 3(c) (New Stock Awards), Executive will be entitled to tender shares of Company common stock not then subject to restrictions under any Company plan, or to have shares of stock deliverable
under the awards held back, in satisfaction of the minimum withholding taxes required in respect of income realized in connection with the awards. 
 (d) LRPIP. During the Employment Period, Executive will be eligible to participate in annual grants under LRPIP at a level commensurate with his position and responsibilities and subject to such
terms as shall be established by the Committee. 
 (e) MIP. During the Employment Period, Executive will be eligible to
participate in annual awards under MIP at a level commensurate with his position and responsibilities and subject to such terms as shall be established by the Committee. 
 (f) Qualified Plans; Other Deferred Compensation Plans. Executive shall be entitled during the Employment Period to participate in the Company’s tax-qualified retirement and profit-sharing
plans, in SERP (Category B or Category C benefits, whichever are greater), and in the ESP, in each case in accordance with the terms of the applicable plan (including, for the avoidance of doubt and without limitation, the amendment and termination
provisions thereof); 

  
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provided, that, subject to the foregoing, Executive’s accrued benefit under SERP shall at all times be fully vested, based on his actual years of service; and further provided,
that, if more favorable to Executive, Executive’s benefit upon retirement under SERP Part B shall be determined not under Section 5.3 of SERP but by determining Executive’s “tentative life annuity” under Section 5.2 of
SERP commencing on the date of Executive’s retirement rather than at age 65 (with Average Compensation, Years of Service, and each of the offsets in subsections (c) through (f) of said Section 5.2 also determined as of the date
of Executive’s retirement rather than at age 65) and computing the present value of such tentative life annuity using as an interest assumption for purposes of Section 7.2(c)(i) of SERP the average of the Interest Rates for the calendar
year in which Executive retires and the two preceding calendar years; and further provided, that Executive shall not be entitled to matching credits under ESP. 
 (g) Policies and Fringe Benefits. Executive shall be subject to Company policies applicable to its executives generally and shall be entitled to receive all such fringe benefits as the Company
shall from time to time make available to other executives generally (subject to the terms of any applicable fringe benefit plan). 
 (h) Other. The Company is entitled to terminate Executive’s employment notwithstanding the fact that Executive may lose entitlement to benefits under the arrangements described above. Upon
termination of his employment, Executive shall have no claim against the Company for loss arising out of ineligibility to exercise any stock options granted to him or otherwise in relation to any of the stock options or other stock-based awards
granted to Executive, and the rights of Executive shall be determined solely by the rules of the relevant award document and plan. 
 4. TERMINATION OF EMPLOYMENT; IN GENERAL. 
 (a) The Company shall have the right
to end Executive’s employment at any time and for any reason, with or without Cause. 
 (b) Executive’s employment
shall terminate upon written notice by the Company to Executive (or, if earlier, to the extent consistent with the requirements of Section 409A, upon the expiration of the twenty-nine (29)-month period commencing upon Executive’s absence
from work) if, by reason of Disability, Executive is unable to perform his duties for at least six continuous months. Any termination pursuant to this Section 4(b) shall be treated for purposes of Section 5 and the definition of
“Change of Control Termination” at subsection (f) of Exhibit A as a termination by reason of Disability. 
 (c)
Whenever his employment shall terminate, Executive shall resign (or shall be deemed to resign) all offices or other positions he shall hold with the Company and any affiliated corporations. For the avoidance of doubt, the Employment Period shall
terminate upon termination of Executive’s employment for any reason. 
 5. BENEFITS UPON NON-VOLUNTARY TERMINATION OF
EMPLOYMENT OR UPON EXPIRATION OF THE AGREEMENT. 
 (a) Certain Terminations Prior to the End Date. If the Employment
Period shall have terminated prior to the End Date by reason of (I) death or Disability of Executive, (II) termination by the Company for any reason other than Cause or (III) a Constructive Termination, then all compensation and benefits for
Executive shall be as follows: 

  
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 (i) For a period of twenty-four (24) months after the Date of
Termination (the “termination period”), the Company will pay to Executive or his legal representative, without reduction for compensation earned from other employment or self employment, continued Base Salary at the rate in effect at
termination of employment in accordance with its regular payroll practices for executive employees of the Company (but not less frequently than monthly); provided, that if Executive is a Specified Employee at the relevant time, the Base
Salary that would otherwise be payable during the six-month period beginning on the Date of Termination shall instead be accumulated and paid, without interest, in a lump sum on the date that is six (6) months and one day after such date (or,
if earlier, the date of Executive’s death); and further provided, that if Executive is eligible for long-term disability compensation benefits under the Company’s long-term disability plan, the amount payable under this clause shall
be paid at a rate equal to the excess of (a) the rate of Base Salary in effect at termination of employment, over (b) the long-term disability compensation benefits for which Executive is approved under such plan. 

(ii) If Executive elects so-called “COBRA” continuation of group health plan coverage provided pursuant to Part
6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974, as amended, there shall be added to the amounts otherwise payable under Section 5(a)(i) above, during the continuation of such coverage, an amount (grossed up
for federal and state income taxes) equal to the participant cost of such coverage, except to the extent that Executive shall obtain no less favorable coverage from another employer or from self-employment in which case such additional payments
shall cease immediately. For the avoidance of doubt, Executive shall not be eligible for continuation of group health plan coverage from and after the Date of Termination except for any “COBRA” continuation as described in this
Section 5(a)(ii). 
 (iii) The Company will pay to Executive or his legal representative, without offset
for compensation earned from other employment or self-employment, (A) any unpaid amounts to which Executive is entitled under MIP for the fiscal year of the Company ended immediately prior to Executive’s termination of employment,
plus (B) any unpaid amounts owing with respect to LRPIP cycles in which Executive participated and which were completed prior to termination. These amounts will be paid at the same time as other awards for such prior year or cycle are
paid. 
 (iv) For any MIP performance period in which Executive participates that begins before and ends after
the Date of Termination, and at the same time as other MIP awards for such performance period are paid, but in no event later than by the 15th day of the third month following the close of the fiscal year to which such MIP award relates, the Company
will pay to Executive or his legal representative, without offset for compensation earned from other employment or self-employment, an amount equal to (A) the MIP award, if any, that Executive would have earned and been paid had he continued in
office through the end of such fiscal year, determined without regard to 

  
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any adjustment for individual performance factors, multiplied by (B) a fraction, the numerator of which is three hundred and sixty-five (365) plus the number of days during such fiscal
year prior to termination, and the denominator of which is seven hundred and thirty (730); provided, however, that if the Employment Period shall have terminated by reason of Executive’s death or Disability, this clause (iv) shall
not apply and Executive instead shall be entitled to the MIP benefit described in Section 5(a)(viii) below. 
 (v) For each LRPIP cycle in which Executive participates that begins before and ends after the Date of Termination, and at the same time as other LRPIP awards for such cycle are paid, but in no event
later than by the 15th day of the third month following the close of the last of the Company’s fiscal years in such cycle, the Company will pay to Executive or his legal representative, without offset for compensation earned from other
employment or self-employment, an amount equal to (A) the LRPIP award, if any, that Executive would have earned and been paid had he continued in office through the end of such cycle, determined without regard to any adjustment for individual
performance factors, multiplied by (B) a fraction, the numerator of which is the number of full months in such cycle completed prior to termination of employment and the denominator of which is the number of full months in such cycle.

 (vi) In addition, Executive or his legal representative shall be entitled to the Stock Incentive Plan
benefits described in Section 3(b) (Existing Awards) and Section 3(c) (New Stock Awards), in each case in accordance with and subject to the terms of the applicable arrangement, and to payment of his vested benefits, if any, under the
plans described in Section 3(f) (Qualified Plans; Other Deferred Compensation Plans) and any vested benefits under the Company’s frozen GDCP. 
 (vii) If termination occurs by reason of Disability, Executive shall also be entitled to such compensation, if any, as is payable pursuant to the Company’s long-term disability plan. If for any
period Executive receives long-term disability compensation payments under a long-term disability plan of the Company as well as payments under Section 5(a)(i) above, and if the sum of such payments (the “combined salary/disability
benefit”) exceeds the payment for such period to which Executive is entitled under Section 5(a)(i) above (determined without regard to the second proviso set forth therein), he shall promptly pay such excess in reimbursement to the
Company; provided, that in no event shall application of this sentence result in reduction of Executive’s combined salary/disability benefit below the level of long-term disability compensation payments to which Executive is entitled
under the long-term disability plan or plans of the Company. 
 (viii) If termination occurs by reason of death
or Disability, Executive shall also be entitled to an amount equal to Executive’s MIP Target Award for the fiscal year in which the Date of Termination occurs (or if MIP Target Awards for such fiscal year have not yet been granted as of the
Date of Termination, Executive’s MIP Target Award for the prior fiscal year), without proration. This amount will be paid at the same time as other MIP awards for such performance period are paid. 

  
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 (ix) Except as expressly set forth above or as required by law, Executive
shall not be entitled to continue participation during the termination period in any employee benefit or fringe benefit plans, except for continuation of any automobile allowance which shall be added to the amounts otherwise payable under
Section 5(a)(i) above during the continuation of such coverage but not beyond the end of the termination period. 
 (b)
Termination on the End Date. Unless earlier terminated or except as otherwise mutually agreed by Executive and the Company, Executive’s employment with the Company shall terminate on the End Date. Except as provided below in this
Section 5(b) or otherwise hereafter expressly agreed by Executive and the Company, termination of Executive’s employment on or after the End Date shall not entitle Executive or any other person to any continued compensation or any benefits
under this Agreement except for any Stock Incentive Plan benefits described in Section 3(b) (Existing Awards) or Section 3(c) (New Stock Awards) and to any vested benefits under the plans described in Section 3(f) (Qualified Plans;
Other Deferred Compensation Plans), and any vested benefits under the Company’s frozen GDCP, to which Executive or his legal representative may then be entitled, in each case in accordance with and subject to the terms of the applicable
arrangement. In addition, if this subsection (b) applies to the termination of Executive’s employment: 
 (i) for the avoidance of doubt, Executive or his legal representative will remain entitled to payment (at the same time as other such awards are paid) all amounts, if any, that are determined to be owed
to him under MIP for the fiscal year of the Company ended on the End Date and under LRPIP for the three-year cycle completed on the End Date; and 
 (ii) Executive or his legal representative will be paid, at the same time as other awards for the applicable LRPIP cycle are paid, two-thirds (2/3) of the amount, if any, which he would otherwise
have been paid under LRPIP for the cycle ending January 31, 2015 and one-third (1/3) of the amount, if any, which he would otherwise have been paid under LRPIP for the cycle ending January 30, 2016; and 

(iii) unless forfeited prior to the End Date and before giving effect to existing award terms, any awards of
performance-based restricted stock granted to Executive under the Stock Incentive Plan (including, but not limited to, the award granted to Executive on April 4, 2011) and held by Executive on the End Date (“Outstanding Awards”) shall
be treated as follows: (A) in the case of any Outstanding Award for which the applicable performance period is scheduled to end after the End Date, a portion of the Outstanding Award, equal to the ratio of the number of fiscal years in such
performance period ending after the End Date to the total number of fiscal years in such performance period, shall be immediately forfeited; (B) all service conditions remaining with respect to all other or remaining portions of the Outstanding
Awards (after giving effect to any forfeitures describe in clause (A) above) (the “Prorated Outstanding Awards”) shall be deemed satisfied; and (C) subject to Section 8, each Prorated Outstanding Award shall vest, if at all,
on the date on which the Committee certifies as to the performance results for the applicable performance period (the “Determination Date”) in accordance with the terms of the Prorated Outstanding Award; provided that, to the extent the
Prorated Outstanding Award does not so vest, the Prorated Outstanding Award shall be forfeited as of the Determination Date. 

  
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 For the avoidance of doubt, Section 8 shall continue to apply following a termination of employment
described in this Section 5(b). 
 6. OTHER TERMINATION. 

(a) Voluntary termination of employment. If Executive terminates his employment voluntarily, Executive or his legal representative
shall be entitled (in each case in accordance with and subject to the terms of the applicable arrangement) to any Stock Incentive Plan benefits described in Section 3(b) (Existing Awards) or Section 3(c) (New Stock Awards) and to any
vested benefits under the plans described in Section 3(f) (Qualified Plans; Other Deferred Compensation Plans) and any vested benefits under the Company’s frozen GDCP. In addition, the Company will pay to Executive or his legal
representative any unpaid amounts to which Executive is entitled under MIP for the fiscal year of the Company ended immediately prior to Executive’s termination of employment, plus any unpaid amounts owing with respect to LRPIP cycles in which
Executive participated and which were completed prior to termination, in each case at the same time as other awards for such prior year or cycle are paid. No other benefits shall be paid under this Agreement upon a voluntary termination of
employment. 
 (b) Termination for Cause. If the Company should end Executive’s employment for Cause all
compensation and benefits otherwise payable pursuant to this Agreement shall cease, other than (x) such vested amounts as are credited to Executive’s account (but not received) under the ESP and the frozen GDCP in accordance with the terms
of those programs; (y) any vested benefits to which Executive is entitled under the Company’s tax-qualified plans; and (z) Stock Incentive Plan benefits, if any, to which Executive may be entitled (in each case in accordance with and
subject to the terms of the applicable arrangement) under Sections 3(b) (Existing Awards) and 3(c) (New Stock Awards). 
 7.
CHANGE OF CONTROL. Upon and following a Change of Control, (i) Executive’s employment under this Agreement shall continue indefinitely without regard to the End Date or Section 5(b), subject, however, to termination by either party or
by reason of Executive’s death or Disability in accordance with the other provisions of this Agreement; and (ii) the provisions of Section 5 shall cease to apply in respect of any termination of employment described therein that
occurs during the Standstill Period (but the provisions of Section C.1 of Exhibit C (including any reference to Section 5 therein) shall apply in respect of any such termination that qualifies as a Change of Control Termination). Additional
provisions that may be relevant upon and following a Change of Control are found in Exhibit C. 
 8. AGREEMENT NOT TO SOLICIT OR
COMPETE 
 (a) During the Employment Period and for a period of twenty-four (24) months thereafter (the
“Nonsolicitation Period”), Executive shall not, and shall not direct any other individual or entity to, directly or indirectly (including as a partner, shareholder, joint venturer or other investor) (i) hire, offer to hire, attempt to
hire or assist in the hiring of, any protected person as an employee, director, consultant, advisor or other service provider, (ii) recommend 

  
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any protected person for employment or other engagement with any person or entity other than the Company and its Subsidiaries, (iii) solicit for employment or other engagement any protected
person, or seek to persuade, induce or encourage any protected person to discontinue employment or engagement with the Company or its Subsidiaries, or recommend to any protected person any employment or engagement other than with the Company or its
Subsidiaries, (iv) accept services of any sort (whether for compensation or otherwise) from any protected person, or (v) participate with any other person or entity in any of the foregoing activities. Any individual or entity to which
Executive provides services (as an employee, director, consultant, advisor or otherwise) or in which Executive is a shareholder, member, partner, joint venturer or investor, excluding interests in the common stock of any publicly traded corporation
of one percent (1%) or less, and any individual or entity that is affiliated with any such individual or entity, shall, for purposes of the preceding sentence, be irrebuttably presumed to have acted at the direction of Executive with respect to
any “protected person” who worked with Executive at any time during the six (6) months prior to termination of the Employment Period. A “protected person” is a person who at the time of termination of the Employment Period,
or within six (6) months prior thereto, is or was employed by the Company or any of its Subsidiaries either in a position of Assistant Vice President or higher, or in a salaried position in any merchandising group. As to (I) each
“protected person” to whom the foregoing applies, (II) each subcategory of “protected person,” as defined above, (III) each limitation on (A) employment or other engagement, (B) solicitation and (C) unsolicited
acceptance of services, of each “protected person” and (IV) each month of the period during which the provisions of this subsection (a) apply to each of the foregoing, the provisions set forth in this subsection (a) shall be
deemed to be separate and independent agreements. In the event of unenforceability of any one or more such agreement(s), such unenforceable agreement(s) shall be deemed automatically reformed in order to allow for the greatest degree of
enforceability authorized by law or, if no such reformation is possible, deleted from the provisions hereof entirely, and such reformation or deletion shall not affect the enforceability of any other provision of this subsection (a) or any
other term of this Agreement. 
 (b) During the course of his employment, Executive will have learned vital trade secrets of the
Company and its Subsidiaries and will have access to confidential and proprietary information and business plans of the Company and its Subsidiaries. Therefore, during the Employment Period and for a period of twenty-four (24) months thereafter
(the “Noncompetition Period”), Executive will not, directly or indirectly, be a shareholder, member, partner, joint venturer or investor (disregarding in this connection passive ownership for investment purposes of common stock
representing one percent (1%) or less of the voting power or value of any publicly traded corporation) in, serve as a director or manager of, be engaged in any employment, consulting, or fees-for-services relationship or arrangement with, or
advise with respect to the organization or conduct of, or any investment in, any “competitive business” as hereinafter defined or any Person that engages in any “competitive business” as hereinafter defined, nor shall Executive
undertake any planning to engage in any such activities. The term “competitive business” (i) shall mean any business (however organized or conducted, including, without limitation, an on-line, “ecommerce” or other
internet-based business) that competes with a business in which the Company or any of its Subsidiaries was engaged, or in which the Company or any Subsidiary was planning to engage, at any time during the 12-month period immediately preceding the
date on which the Employment Period ends, and (ii) shall conclusively be presumed to include, but shall not be limited to, (A) any business designated as a 

  
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competitive business in the Committee Resolution, including, without limitation, an on-line, “ecommerce” or other internet-based business of any such business, and (B) any other
off-price, promotional, or warehouse-club-type retail business, however organized or conducted (including, without limitation, an on-line, “ecommerce” or other internet-based business), that sells apparel, footwear, home fashions, home
furnishings, jewelry, accessories, or any other category of merchandise sold by the Company or any of its Subsidiaries at the termination of the Employment Period. For purposes of this subsection (b), a “Person” means an individual, a
corporation, a limited liability company, an association, a partnership, an estate, a trust and any other entity or organization, other than the Company or its Subsidiaries, and reference to any Person (the “first Person”) shall be deemed
to include any other Person that controls, is controlled by or is under common control with the first Person. If, at any time, pursuant to action of any court, administrative, arbitral or governmental body or other tribunal, the operation of any
part of this subsection shall be determined to be unlawful or otherwise unenforceable, then the coverage of this subsection shall be deemed to be reformed and restricted as to substantive reach, duration, geographic scope or otherwise, as the case
may be, to the extent, and only to the extent, necessary to make this paragraph lawful and enforceable to the greatest extent possible in the particular jurisdiction in which such determination is made. 

(c) Executive shall never use or disclose any confidential or proprietary information of the Company or its Subsidiaries other than as
required by applicable law or during the Employment Period for the proper performance of Executive’s duties and responsibilities to the Company and its Subsidiaries. This restriction shall continue to apply after Executive’s employment
terminates, regardless of the reason for such termination. All documents, records and files, in any media, relating to the business, present or otherwise, of the Company and its Subsidiaries and any copies (“Documents”), whether or not
prepared by Executive, are the exclusive property of the Company and its Subsidiaries. Executive must diligently safeguard all Documents, and must surrender to the Company at such time or times as the Company may specify all Documents then in
Executive’s possession or control. In addition, upon termination of employment for any reason other than the death of Executive, Executive shall immediately return all Documents, and shall execute a certificate representing and warranting that
he has returned all such Documents in Executive’s possession or under his control. 
 (d) If, during the Employment Period
or at any time following termination of the Employment Period, regardless of the reason for such termination, Executive breaches any provision of this Section 8, the Company’s obligation, if any, to pay benefits under Section 5
hereof, including without limitation any SERP benefits, shall forthwith cease and Executive shall immediately forfeit and disgorge to the Company, with interest at the prime rate in effect at Bank of America, or its successor, all of the following:
(i) any benefits theretofore paid to Executive under Section 5, including without limitation any SERP benefits; (ii) any unexercised stock options and stock appreciation rights held by Executive; (iii) if any other stock-based
award vested in connection with or following termination of the Employment Period, or at any time subsequent to such breach, the value of such stock-based award at time of vesting plus any additional gain realized on a subsequent sale or disposition
of the award or the underlying stock; and (iv) in respect of each stock option or stock appreciation right exercised by Executive within six (6) months prior to any such breach or subsequent thereto and prior to the forfeiture and
disgorgement required by this Section 8(d), the excess over the exercise price (or base value, in the case of a stock appreciation right) of the greater of (A) the fair market value at time of exercise of the shares of stock subject to the
award, or (B) the number of shares of stock subject to such award multiplied by the per-share proceeds of any sale of such stock by Executive. 

  
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 (e) Executive shall notify the Company immediately upon securing employment or becoming
self-employed at any time within the Noncompetition Period or the Nonsolicitation Period, and shall provide to the Company such details concerning such employment or self-employment as it may reasonably request in order to ensure compliance with the
terms hereof. 
 (f) Executive hereby advises the Company that Executive has carefully read and considered all the terms and
conditions of this Agreement, including the restraints imposed on Executive under this Section 8, and agrees without reservation that each of the restraints contained herein is necessary for the reasonable and proper protection of the good
will, confidential information and other legitimate business interests of the Company and its Subsidiaries, that each and every one of those restraints is reasonable in respect to subject matter, length of time and geographic area; and that these
restraints will not prevent Executive from obtaining other suitable employment during the period in which Executive is bound by them. Executive agrees that Executive will never assert, or permit to be asserted on his behalf, in any forum, any
position contrary to the foregoing. Executive also acknowledges and agrees that, were Executive to breach any of the provisions of this Section 8, the harm to the Company and its Subsidiaries would be irreparable. Executive therefore agrees
that, in the event of such a breach or threatened breach, the Company shall, in addition to any other remedies available to it and notwithstanding Section 14, have the right to obtain preliminary and permanent injunctive relief against any such
breach or threatened breach without having to post bond, and will additionally be entitled to an award of attorney’s fees incurred in connection with enforcing its rights hereunder. Executive further agrees that, in the event that any provision
of this Agreement shall be determined by any court of competent jurisdiction to be unenforceable by reason of its being extended over too great a time, too large a geographic area or too great a range of activities, such provision shall be deemed to
be modified to permit its enforcement to the maximum extent permitted by law. Finally, Executive agrees that the Noncompetition Period and the Nonsolicitation Period shall be tolled, and shall not run, during any period of time in which Executive is
in violation of any of the terms of this Section 8, in order that the Company shall have the agreed-upon temporal protection recited herein. 
 (g) Executive agrees that if any of the restrictions in this Section 8 is held to be void or ineffective for any reason but would be held to be valid and effective if part of its wording were
deleted, that restriction shall apply with such deletions as may be necessary to make it valid and effective. Executive further agrees that the restrictions contained in each subsection of this Section 8 shall be construed as separate and
individual restrictions and shall each be capable of being severed without prejudice to the other restrictions or to the remaining provisions. 
 (h) Executive expressly consents to be bound by the provisions of this Agreement for the benefit of the Company and its Subsidiaries, and any successor or permitted assign to whose employ Executive may be
transferred, without the necessity that this Agreement be re-signed at the time of such transfer. Executive further agrees that no changes in the nature or scope of his employment with the Company will operate to extinguish the terms and conditions
set forth in Section 8, or otherwise require the parties to re-sign this Agreement. 

  
 -10-

 (i) The provisions of this Section 8 shall survive the termination of the Employment
Period and the termination of this Agreement, regardless of the reason or reasons therefor, and shall be binding on Executive regardless of any breach by the Company of any other provision of this Agreement. 

9. ASSIGNMENT. The rights and obligations of the Company shall inure to the benefit of and shall be binding upon the successors and
assigns of the Company. The rights and obligations of Executive are not assignable except only that stock issuable, awards and payments payable to him after his death shall be made to his estate except as otherwise provided by the applicable plan or
award documentation, if any. 
 10. NOTICES. All notices and other communications required hereunder shall be in writing and
shall be given by mailing the same by certified or registered mail, return receipt requested, postage prepaid. If sent to the Company the same shall be mailed to the Company at 770 Cochituate Road, Framingham, Massachusetts 01701, Attention:
Chairman of the Executive Compensation Committee, or other such address as the Company may hereafter designate by notice to Executive; and if sent to Executive, the same shall be mailed to Executive at his address as set forth in the records of the
Company or at such other address as Executive may hereafter designate by notice to the Company. 
 11. WITHHOLDING; CERTAIN TAX
MATTERS. Anything to the contrary notwithstanding, (a) all payments required to be made by the Company hereunder to Executive shall be subject to the withholding of such amounts, if any, relating to tax and other payroll deductions as the
Company may reasonably determine it should withhold pursuant to any applicable law or regulation, and (b) to the extent any payment hereunder that is payable by reason of termination of Executive’s employment constitutes “nonqualified
deferred compensation” subject to Section 409A and would otherwise have been required to be paid during the six (6)-month period following such termination of employment, it shall instead (unless at the relevant time Executive is no longer
a Specified Employee) be delayed and paid, without interest, in a lump sum on the date that is six (6) months and one day after Executive’s termination (or, if earlier, the date of Executive’s death). Executive acknowledges that he
has reviewed the provisions of this Agreement with his advisors and agrees that except for the payments described in Section 5(a)(ii) of this Agreement, the Company shall not be liable to make Executive whole for any taxes that may become due
or payable by reason of this Agreement or any payment, benefit or entitlement hereunder. 
 12. RELEASE. Except for payment of
any accrued and unpaid Base Salary and subject to such exceptions as the Company in its discretion may determine for the payment of other amounts accrued and vested prior to the Date of Termination, any obligation of the Company to provide
compensation or benefits under Section 5 or Section C.1 of Exhibit C of this Agreement, and (to the extent permitted by law) any vesting of unvested compensation or benefits in connection with or following Executive’s termination of
employment, are expressly conditioned on Executive’s execution and delivery to the Company of an effective release of claims (in the form of release approved by the Committee) as to which all applicable rights of revocation, as determined by
the Company, shall have expired prior to the sixtieth (60th) calendar day following the Date of Termination (any such timely and irrevocable release, the “Release of Claims”). Any compensation and benefits that are conditioned on the
delivery of the 

  
 -11-

 
Release of Claims under this Section 12 and that otherwise would have been payable prior to such sixtieth (60th) calendar day (determined, for the avoidance of doubt, after taking into
account any other required delays in payment, including any six-month delay under Section 11) shall, if the Release of Claims is delivered, instead be paid on such sixtieth (60th) day, notwithstanding any provision of this Agreement
regarding the time of such payments. 
 13. GOVERNING LAW. This Agreement and the rights and obligations of the parties
hereunder shall be governed by the laws of the Commonwealth of Massachusetts. 
 14. ARBITRATION. In the event that there is any
claim or dispute arising out of or relating to this Agreement, or the breach thereof, and the parties hereto shall not have resolved such claim or dispute within sixty (60) days after written notice from one party to the other setting forth the
nature of such claim or dispute, then such claim or dispute shall be settled exclusively by binding arbitration in Boston, Massachusetts in accordance with the Rules Governing Resolutions of Employment Disputes of the American Arbitration
Association by an arbitrator mutually agreed upon by the parties hereto or, in the absence of such agreement, by an arbitrator selected according to such Rules. Notwithstanding the foregoing, if either the Company or Executive shall request, such
arbitration shall be conducted by a panel of three arbitrators, one selected by the Company, one selected by Executive and the third selected by agreement of the first two, or, in the absence of such agreement, in accordance with such Rules.
Judgment upon the award rendered by such arbitrator(s) shall be entered in any Court having jurisdiction thereof upon the application of either party. 
 15. TERMINATION OF EMPLOYMENT AND SEPARATION FROM SERVICE. All references in the Agreement to termination of employment, a termination of the Employment Period, or separation from service, and correlative
terms, that result in the payment or vesting of any amounts or benefits that constitute “nonqualified deferred compensation” within the meaning of Section 409A shall be construed to require a Separation from Service, and the Date of
Termination in any such case shall be construed to mean the date of the Separation from Service. 
 Remainder of Page
Intentionally Left Blank 

  
 -12-

 16. ENTIRE AGREEMENT. This Agreement, including Exhibits (which are hereby incorporated by
reference), represents the entire agreement between the parties relating to the terms of Executive’s employment by the Company and supersedes all prior written or oral agreements, including, without limitation, the Prior Agreement, between
them. 
  

			
		 	/s/ Jerome Rossi
		 	Executive
		
		 	Date: January 30, 2012
		
		 	THE TJX COMPANIES, INC.
		
	By:	 	/s/ Carol Meyrowitz

  
 -13-

 EXHIBIT A 
 Certain Definitions 
 (a) “Base Salary” means, for any period,
the amount described in Section 3(a). 
 (b) “Board” means the Board of Directors of the Company. 

(c) “Cause” means dishonesty by Executive in the performance of his duties, conviction of a felony (other than a conviction
arising solely under a statutory provision imposing criminal liability upon Executive on a per se basis due to the Company offices held by Executive, so long as any act or omission of Executive with respect to such matter was not taken or
omitted in contravention of any applicable policy or directive of the Board), gross neglect of duties (other than as a result of Disability or death), or conflict of interest which conflict shall continue for thirty (30) days after the Company
gives written notice to Executive requesting the cessation of such conflict. 
 In respect of any termination during a
Standstill Period, Executive shall not be deemed to have been terminated for Cause until the later to occur of (i) the 30th day after notice of termination is given and (ii) the delivery to Executive of a copy of a resolution duly adopted
by the affirmative vote of not less than a majority of the Company’s directors at a meeting called and held for that purpose (after reasonable notice to Executive), and at which Executive together with his counsel was given an opportunity to be
heard, finding that Executive was guilty of conduct described in the definition of “Cause” above, and specifying the particulars thereof in detail; provided, however, that the Company may suspend Executive and withhold payment of
his Base Salary from the date that notice of termination is given until the earliest to occur of (A) termination of Executive for Cause effected in accordance with the foregoing procedures (in which case Executive shall not be entitled to his
Base Salary for such period), (B) a determination by a majority of the Company’s directors that Executive was not guilty of the conduct described in the definition of “Cause” effected in accordance with the foregoing procedures
(in which case Executive shall be reinstated and paid any of his previously unpaid Base Salary for such period), or (C) ninety (90) days after notice of termination is given (in which case Executive shall then be reinstated and paid any of
his previously unpaid Base Salary for such period). If Base Salary is withheld and then paid pursuant to clause (B) or (C) of the preceding sentence, the amount thereof shall be accompanied by simple interest, calculated on a daily basis,
at a rate per annum equal to the prime or base lending rate, as in effect at the time, of the Company’s principal commercial bank. The Company shall exercise its discretion under this paragraph consistent with the requirements of
Section 409A or the requirements for exemption from Section 409A. 
 (d) “Change in Control Event” means a
“change in control event” (as that term is defined in section 1.409A-3(i)(5) of the Treasury Regulations under Section 409A) with respect to the Company.” 
 (e) “Change of Control” has the meaning given it in Exhibit B. 

  
 A-1

 (f) “Change of Control Termination” means the termination of Executive’s
employment during a Standstill Period (1) by the Company other than for Cause, or (2) by Executive for good reason, or (3) by reason of death or Disability. 
 For purposes of this definition, termination for “good reason” shall mean the voluntary termination by Executive of his employment within one hundred and twenty (120) days after the
occurrence without Executive’s express written consent of any one of the events described below, provided, that Executive gives notice to the Company within sixty (60) days of the first occurrence of any such event or condition,
requesting that the pertinent event or condition described therein be remedied, and the situation remains unremedied upon expiration of the thirty (30)-day period commencing upon receipt by the Company of such notice: 

 

	 	(I)	the assignment to him of any duties inconsistent with his positions, duties, responsibilities, and status with the Company immediately prior to the Change of Control,
or any removal of Executive from or any failure to reelect him to such positions, except in connection with the termination of Executive’s employment by the Company for Cause or by Executive other than for good reason, or any other action by
the Company which results in a diminishment in such position, authority, duties or responsibilities; or 

  

	 	(II)	if Executive’s rate of Base Salary for any fiscal year is less than 100% of the rate of Base Salary paid to Executive in the completed fiscal year immediately
preceding the Change of Control or if Executive’s total cash compensation opportunities, including salary and incentives, for any fiscal year are less than 100% of the total cash compensation opportunities made available to Executive in the
completed fiscal year immediately preceding the Change of Control; or 

  

	 	(III)	the failure of the Company to continue in effect any benefits or perquisites, or any pension, life insurance, medical insurance or disability plan in which Executive
was participating immediately prior to the Change of Control unless the Company provides Executive with a plan or plans that provide substantially similar benefits, or the taking of any action by the Company that would adversely affect
Executive’s participation in or materially reduce Executive’s benefits under any of such plans or deprive Executive of any material fringe benefit enjoyed by Executive immediately prior to the Change of Control; or

  

	 	(IV)	any purported termination of Executive’s employment by the Company for Cause during a Standstill Period which is not effected in compliance with paragraph
(c) above; or 

  

	 	(V)	any relocation of Executive of more than forty (40) miles from the place where Executive was located at the time of the Change of Control; or

  

	 	(VI)	any other breach by the Company of any provision of this Agreement; or 

  
 A-2

	 	(VII)	the Company sells or otherwise disposes of, in one transaction or a series of related transactions, assets or earning power aggregating more than 30% of the assets
(taken at asset value as stated on the books of the Company determined in accordance with generally accepted accounting principles consistently applied) or earning power of the Company (on an individual basis) or the Company and its Subsidiaries (on
a consolidated basis) to any other Person or Persons (as those terms are defined in Exhibit B). 

 (g)
“Code” means the Internal Revenue Code of 1986, as amended. 
 (h) “Committee” means the Executive
Compensation Committee of the Board. 
 (i) “Committee Resolution” means the designation of competitive businesses
most recently adopted by the Committee at or prior to the date of execution of this Agreement for purposes of the restrictive covenants applicable to Executive, whether or not such designation also applies to other employees of the Company
generally. 
 (j) “Constructive Termination” means a termination of employment by Executive occurring within one
hundred twenty (120) days of a requirement by the Company that Executive relocate, without his prior written consent, more than forty (40) miles from the current corporate headquarters of the Company, but only if (i) Executive shall
have given to the Company notice of intent to terminate within sixty (60) days following notice to Executive of such required relocation and (ii) the Company shall have failed, within thirty (30) days thereafter, to withdraw its
notice requiring Executive to relocate. For purposes of the preceding sentence, the one hundred twenty (120) day period shall commence upon the end of the thirty (30)-day cure period, if the Company fails to cure within such period. 

(k) “Date of Termination” means the date on which Executive’s employment terminates. 

(l) “Disabled”/“Disability” means a medically determinable physical or mental impairment that (i) can be
expected either to result in death or to last for a continuous period of not less than six months and (ii) causes Executive to be unable to perform the duties of his position of employment or any substantially similar position of employment to
the reasonable satisfaction of the Committee. 
 (m) “End Date” has the meaning set forth in Section 1 of the
Agreement. 
 (n) “ESP” means the Company’s Executive Savings Plan. 

(o) “GDCP” means the Company’s General Deferred Compensation Plan. 

(p) “LRPIP” has the meaning set forth in Section 3(b) of the Agreement. 

(q) “MIP” has the meaning set forth in Section 3(b) of the Agreement. 

(r) “Section 409A” means Section 409A of the Code. 

  
 A-3

 (s) “Separation from Service” shall mean a “separation from service” (as
that term is defined at Section 1.409A-1(h) of the Treasury Regulations under Section 409A) from the Company and from all other corporations and trades or businesses, if any, that would be treated as a single “service recipient”
with the Company under Section 1.409A-1(h)(3) of such Treasury Regulations. The Committee may, but need not, elect in writing, subject to the applicable limitations under Section 409A, any of the special elective rules prescribed in
Section 1.409A-1(h) of the Treasury Regulations for purposes of determining whether a “separation from service” has occurred. Any such written election shall be deemed part of the Agreement. 

(t) “SERP” means the Company’s Supplemental Executive Retirement Plan. 

(u) “Specified Employee” shall mean an individual determined by the Committee or its delegate to be a specified employee as
defined in subsection (a)(2)(B)(i) of Section 409A. The Committee may, but need not, elect in writing, subject to the applicable limitations under Section 409A, any of the special elective rules prescribed in Section 1.409A-1(i) of
the Treasury Regulations for purposes of determining “specified employee” status. Any such written election shall be deemed part of the Agreement. 
 (v) “Standstill Period” means the period commencing on the date of a Change of Control and continuing until the close of business on the last business day of the 24th calendar month following
such Change of Control. 
 (w) “Stock” means the common stock, $1.00 par value, of the Company. 

(x) “Stock Incentive Plan” has the meaning set forth in Section 3(b) of the Agreement. 

(y) “Subsidiary” means any corporation in which the Company owns, directly or indirectly, 50% or more of the total combined
voting power of all classes of stock. 

  
 A-4

 EXHIBIT B 
 Definition of “Change of Control” 
 “Change of Control”
shall mean the occurrence of any one of the following events: 
 (a) there occurs a change of control of the Company of a nature
that would be required to be reported in response to Item 5.01 of the Current Report on Form 8-K (as amended in 2004) pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) or in any other
filing under the Exchange Act; provided, however, that no transaction shall be deemed to be a Change of Control (i) if the person or each member of a group of persons acquiring control is excluded from the definition of the term
“Person” hereunder or (ii) unless the Committee shall otherwise determine prior to such occurrence, if Executive or an Executive Related Party is the Person or a member of a group constituting the Person acquiring control; or

 (b) any Person other than the Company, any wholly-owned subsidiary of the Company, or any employee benefit plan of the
Company or such a subsidiary becomes the owner of 20% or more of the Company’s Common Stock and thereafter individuals who were not directors of the Company prior to the date such Person became a 20% owner are elected as directors pursuant to
an arrangement or understanding with, or upon the request of or nomination by, such Person and constitute a majority of the Company’s Board of Directors; provided, however, that unless the Committee shall otherwise determine prior to the
acquisition of such 20% ownership, such acquisition of ownership shall not constitute a Change of Control if Executive or an Executive Related Party is the Person or a member of a group constituting the Person acquiring such ownership; or

 (c) there occurs any solicitation or series of solicitations of proxies by or on behalf of any Person other than the
Company’s Board of Directors and thereafter individuals who were not directors of the Company prior to the commencement of such solicitation or series of solicitations are elected as directors pursuant to an arrangement or understanding with,
or upon the request of or nomination by, such Person and constitute a majority of the Company’s Board of Directors; or 

(d) the Company executes an agreement of acquisition, merger or consolidation which contemplates that (i) after the effective date
provided for in the agreement, all or substantially all of the business and/or assets of the Company shall be owned, leased or otherwise controlled by another Person and (ii) individuals who are directors of the Company when such agreement is
executed shall not constitute a majority of the board of directors of the survivor or successor entity immediately after the effective date provided for in such agreement; provided, however, that unless otherwise determined by the Committee,
no transaction shall constitute a Change of Control if, immediately after such transaction, Executive or any Executive Related Party shall own equity securities of any surviving corporation (“Surviving Entity”) having a fair value as a
percentage of the fair value of the equity securities of such Surviving Entity greater than 125% of the fair value of the equity securities of the Company owned by Executive and any Executive Related Party immediately prior to such transaction,
expressed as a percentage of the fair value of all equity securities of the Company immediately prior to such transaction (for purposes of this paragraph ownership of equity securities shall be determined in the same manner as

  
 B-1

 
ownership of Common Stock); and provided, further, that, for purposes of this paragraph (d), a Change of Control shall not be deemed to have taken place unless and until the acquisition,
merger, or consolidation contemplated by such agreement is consummated (but immediately prior to the consummation of such acquisition, merger, or consolidation, a Change of Control shall be deemed to have occurred on the date of execution of such
agreement). 
 In addition, for purposes of this Exhibit B the following terms have the meanings set forth below: 

“Common Stock” shall mean the then outstanding Common Stock of the Company plus, for purposes of determining the stock
ownership of any Person, the number of unissued shares of Common Stock which such Person has the right to acquire (whether such right is exercisable immediately or only after the passage of time) upon the exercise of conversion rights, exchange
rights, warrants or options or otherwise. Notwithstanding the foregoing, the term Common Stock shall not include shares of Preferred Stock or convertible debt or options or warrants to acquire shares of Common Stock (including any shares of Common
Stock issued or issuable upon the conversion or exercise thereof) to the extent that the Board of Directors of the Company shall expressly so determine in any future transaction or transactions. 

A Person shall be deemed to be the “owner” of any Common Stock: 

(i) of which such Person would be the “beneficial owner,” as such term is defined in Rule 13d-3 promulgated by
the Securities and Exchange Commission (the “Commission”) under the Exchange Act, as in effect on March 1, 1989; or 
 (ii) of which such Person would be the “beneficial owner” for purposes of Section 16 of the Exchange Act and the rules of the Commission promulgated thereunder, as in effect on
March 1, 1989; or 
 (iii) which such Person or any of its affiliates or associates (as such terms are
defined in Rule 12b-2 promulgated by the Commission under the Exchange Act, as in effect on March 1, 1989), has the right to acquire (whether such right is exercisable immediately or only after the passage of time) pursuant to any agreement,
arrangement or understanding or upon the exercise of conversion rights, exchange rights, warrants or options or otherwise. 

“Person” shall have the meaning used in Section 13(d) of the Exchange Act, as in effect on March 1, 1989. 

An “Executive Related Party” shall mean any affiliate or associate of Executive other than the Company or a majority-owned
subsidiary of the Company. The terms “affiliate” and “associate” shall have the meanings ascribed thereto in Rule 12b-2 under the Exchange Act (the term “registrant” in the definition of “associate” meaning,
in this case, the Company). 

  
 B-2

 EXHIBIT C 
 Change of Control Benefits 
 C.1. Benefits Upon a Change of Control
Termination. Executive shall be entitled to the payments and benefits described in this Section C.1 in the event of a Change of Control Termination. 
 (a) The Company shall pay to Executive: 
 (1) (A) as
hereinafter provided, an amount equal to the sum of (i) two times his Base Salary for one year at the rate in effect immediately prior to the Date of Termination or the Change of Control, whichever is higher, plus (ii) two times the target
award opportunity most recently granted to Executive prior to the Change of Control under MIP, which opportunity (if expressed as a percentage of Base Salary) shall be determined by reference to Executive’s Base Salary for one year at the rate
in effect immediately prior to the Date of Termination or the Change of Control, whichever is higher; plus (B) within thirty (30) days following the Change of Control Termination, the accrued and unpaid portion of his Base Salary through
the Date of Termination, subject to the following. If Executive is eligible for long-term disability compensation benefits under the Company’s long-term disability plan, the amount payable under (1)(A)(i) above shall be reduced by the
annual long-term disability compensation benefit for which Executive is eligible under such plan for the two-year period over which the amount payable under (1)(A)(i) above is measured. If for any period Executive receives long-term disability
compensation payments under a long-term disability plan of the Company as well as payments under the first sentence of this subsection (a), and if the sum of such payments (the “combined Change of Control/disability benefit”) exceeds the
payment for such period to which Executive is entitled under the first sentence of this subsection (a) (determined without regard to the second sentence of this subsection (a)), he shall promptly pay such excess in reimbursement to the Company;
provided, that in no event shall application of this sentence result in reduction of Executive’s combined Change of Control/disability benefit below the level of long-term disability compensation payments to which Executive is entitled
under the long-term disability plan or plans of the Company; and 
 (2) as hereinafter provided, and in lieu of
any other benefits under SERP, an amount equal to the present value of the payments that Executive would have been entitled to receive under SERP as a Category B or Category C participant (determined after taking into account Section 3(f) of
the Agreement), whichever is greater, applying the following rules and assumptions: 
 (A) the monthly benefit
under SERP determined using the foregoing criteria shall be multiplied by 12 to determine an annual benefit; and 
 (B) the present value of such annual benefit shall be determined by multiplying the result in (A) by the appropriate actuarial factor, using the most recently published interest and mortality rates
published by the Pension Benefit 

  
 C-1

 
Guaranty Corporation which are effective for plan terminations occurring on the Date of Termination, using Executive’s age to the nearest year determined as of that date. If, as of the Date
of Termination, the Executive has previously satisfied the eligibility requirements for Early Retirement under The TJX Companies, Inc. Retirement Plan, then the appropriate factor shall be that based on the most recently published “PBGC
Actuarial Value of $1.00 Per Year Deferred to Age 60 and Payable for Life Thereafter — Healthy Lives,” except that if the Executive’s age to the nearest year is more than 60, then such higher age shall be substituted for 60. If, as of
the Date of Termination, the Executive has not satisfied the eligibility requirements for Early Retirement under The TJX Companies, Inc. Retirement Plan, then the appropriate factor shall be based on the most recently published “PBGC Actuarial
Value of $1.00 Per Year Deferred To Age 65 And Payable For Life Thereafter — Healthy Lives.” 
 (C)
the benefit determined under (B) above shall be reduced by the value of any portion of Executive’s SERP benefit already paid or provided to him in cash or through the transfer of an annuity contract. 

If the Change of Control Termination occurs in connection with a Change of Control that is also a Change in Control Event, the amounts described in
clause (1)(A) and clause (2) of this Section C.1.(a) shall be paid in a lump sum on the date that is six (6) months and one day following the date of the Change of Control Termination (or, if earlier, the date of Executive’s
death), unless the Executive is not a Specified Employee on the relevant date, in which case the amount described in this subsection (a) shall instead be paid thirty (30) days following the date of the Change of Control Termination. If the
Change of Control Termination occurs more than two years after a Change in Control Event or in connection with a Change of Control that is not a Change in Control Event, the amounts described in clause (1)(A) and clause (2) of this Section
C.1(a) shall be paid, except as otherwise required by Section 11 of the Agreement, in the same manner Base Salary continuation and any SERP benefits, as applicable, would have been paid in the case of a termination by the Company other than for
Cause under Section 5(a). 
 (b) Until the second anniversary of the Date of Termination, the Company shall maintain in
full force and effect for the continued benefit of Executive and his family all life insurance and medical insurance plans and programs in which Executive was entitled to participate immediately prior to the Change of Control, provided, that
Executive’s continued participation is possible under the general terms and provisions of such plans and programs. In the event that Executive is ineligible to participate in such plans or programs, or if the Company in its discretion
determines that continued participation could give rise to a tax or penalty, the Company shall provide for an alternative arrangement (such as a cash payment) in lieu of continued coverage. Notwithstanding the foregoing, the Company’s
obligations hereunder with respect to life or medical coverage or benefits shall be deemed satisfied to the extent (but only to the extent) of any such coverage or benefits provided by another employer. 

(c) On the date that is six (6) months and one day following the date of the Change of Control Termination (or, if earlier, the date
of Executive’s death), the Company shall pay to Executive or his estate, in lieu of any automobile allowance, the present value of the automobile allowance (at the rate in effect prior to the Change of Control) it would have paid for the two

  
 C-2

 
years following the Change of Control Termination (or until the earlier date of Executive’s death, if Executive dies prior to the date of the payment under this Section C.1(c));
provided, that if the Change of Control is not a Change of Control Event, such amount shall instead be paid in the same manner as Executive’s automobile allowance would have been paid in the case of a termination by the Company other than
for Cause under Section 5(a); and further provided, that if Executive is not a Specified Employee on the relevant date, any lump sum payable under this Section C.1(c) shall instead by paid within thirty (30) days following the
Change of Control Termination. 
 C.2. Payment Adjustment. Payments under this Exhibit shall be made without regard to
whether the deductibility of such payments (or any other payments or benefits to or for the benefit of Executive) would be limited or precluded by Section 280G of the Code (“Section 280G”) and without regard to whether such
payments (or any other payments or benefits) would subject Executive to the federal excise tax levied on certain “excess parachute payments” under Section 4999 of the Code (the “Excise Tax”); provided, that if the
total of all payments to or for the benefit of Executive, after reduction for all federal taxes (including the excise tax under Section 4999 of the Code) with respect to such payments (“Executive’s total after-tax payments”),
would be increased by the limitation or elimination of any payment under Section C.1. or Section C.3. of this Exhibit, or by an adjustment to the vesting of any equity-based or other awards that would otherwise vest on an accelerated basis in
connection with the Change of Control, amounts payable under Section C.1. and Section C.3. of this Exhibit shall be reduced and the vesting of equity-based and other awards shall be adjusted to the extent, and only to the extent, necessary to
maximize Executive’s total after-tax payments. Any reduction in payments or adjustment of vesting required by the preceding sentence shall be applied, first, against any benefits payable under Section C.1(a)(1) of this Exhibit, then against any
benefits payable under Section C.3 of this Exhibit, then against the vesting of any performance-based restricted stock awards that would otherwise have vested in connection with the Change of Control, then against the vesting of any other
equity-based awards, if any, that would otherwise have vested in connection with the Change of Control, and finally against all other payments, if any. The determination as to whether Executive’s payments and benefits include “excess
parachute payments” and, if so, the amount and ordering of any reductions in payment required by the provisions of this Section C.2 shall be made at the Company’s expense by PricewaterhouseCoopers LLP or by such other certified public
accounting firm as the Committee may designate prior to a Change of Control (the “accounting firm”). In the event of any underpayment or overpayment hereunder, as determined by the accounting firm, the amount of such underpayment or
overpayment shall forthwith and in all events within thirty (30) days of such determination be paid to Executive or refunded to the Company, as the case may be, with interest at the applicable Federal rate provided for in
Section 7872(f)(2) of the Code. 
 C.3. Settlement of MIP and LRPIP. Upon the occurrence of a Change of Control,
Executive’s interest in MIP and LRPIP shall be settled automatically by the payment to Executive, in a lump sum within thirty (30) days following the Change of Control, of an amount equal to the sum of Executive’s target award
opportunities with respect to each award granted to executive under MIP and LRPIP for the fiscal year (in the case of MIP), and any performance cycle (in the case of LRPIP), that begins before and ends after the date of the Change of Control;
provided, that for purposes of this Section C.3, unless Executive has been granted new award opportunities under MIP for such fiscal year and under LRPIP for the performance cycle 

  
 C-3

 
commencing with such fiscal year, Executive’s most recent target award opportunities under MIP and LRPIP shall be deemed to have been granted to Executive under MIP and LRPIP with respect to
such fiscal year and such performance cycle, respectively. 
 C.4. Other Benefits. In addition to the amounts that may be
payable under Sections C.1 or C.3 (but without duplication of any payments or benefits to which Executive may be entitled under any provision of this Agreement, and subject to Section C.2), upon and following a Change of Control Executive or his
legal representative shall be entitled to: (i) his Stock Incentive Plan benefits, if any, under Section 3(b) (Existing Awards) and Section 3(c) (New Stock Awards); and (ii) any unpaid amounts to which Executive is entitled under
MIP with respect to any fiscal year completed prior to the Change of Control, or under LRPIP with respect to any performance cycle completed prior to the Change of Control; and (iii) the payment of his vested benefits under the plans (other
than SERP) described in Section 3(f) (Qualified Plans; Other Deferred Compensation Plans) and any vested benefits under the Company’s frozen GDCP. 
 C.5. Noncompetition; No Mitigation of Damages; etc. 
 (a)
Noncompetition. Upon a Change of Control, any agreement by Executive not to engage in competition with the Company subsequent to the termination of his employment, whether contained in an employment agreement or other agreement, shall no
longer be effective. 
 (b) No Duty to Mitigate Damages. Executive’s benefits under this Exhibit C shall be
considered severance pay in consideration of his past service and his continued service from the date of this Agreement, and his entitlement thereto shall neither be governed by any duty to mitigate his damages by seeking further employment nor
offset by any compensation which he may receive from future employment. 
 (c) Legal Fees and Expenses. The Company shall
pay all legal fees and expenses, including but not limited to counsel fees, stenographer fees, printing costs, etc. reasonably incurred by Executive in contesting or disputing that the termination of his employment during a Standstill Period is for
Cause or other than for good reason (as defined in the definition of Change of Control Termination) or obtaining any right or benefit to which Executive is entitled under this Agreement following a Change of Control. Any amount payable under this
Agreement that is not paid when due shall accrue interest at the prime rate as from time to time in effect at Bank of America, or its successor, until paid in full. All payments and reimbursements under this Section shall be made consistent with the
applicable requirements of Section 409A. 
 (d) Notice of Termination. During a Standstill Period, Executive’s
employment may be terminated by the Company only upon thirty (30) days’ written notice to Executive. 

  
 C-4EX-10.8

 Exhibit 10.8 
 December 30, 2011 
 Paul Sweetenham 
 The TJX Companies, Inc. 
 770 Cochituate Road 

Framingham, MA 01701 
 Re: Letter
Agreement 
 Dear Paul: 
 Reference is made to the Agreement between and among you, The TJX Companies, Inc. (“TJX”) and TJX UK dated as of January 29, 2010 (the “Employment Agreement”), and
to the agreement between you and TJX UK dated December 30, 2011 (the “Compromise Agreement”). In connection with the termination of your employment with TJX and its subsidiaries (the “Employer”) on
January 28, 2012 (the “Termination Date”), and in consideration for the payments described in this letter agreement and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, you and TJX
hereby agree as follows: 
 1. Payments. Subject to your meeting the terms and conditions of this letter agreement to the
satisfaction of TJX, you shall receive the following payments: 
  

	 	(a)	in recognition of the completion of TJX’s Long Range Performance Incentive Plan (“LRPIP”) cycle ending on the Termination Date and the forfeiture
as of the Termination Date of the performance-based restricted stock award granted to you on April 7, 2009 under TJX’s Stock Incentive Plan (“SIP”), a cash payment in the amount of $1,260,000, one half (1/2) of which
is to be paid by TJX on or about August 2, 2013 and the remainder of which is to be paid by TJX on or about January 31, 2014, provided that the Executive Compensation Committee of TJX’s Board of Directors (the “ECC”)
certifies LRPIP performance for such cycle at a level providing for a payout of at least 67% of the target payout amount for such cycle; and further provided that, if the ECC certifies LRPIP performance for such cycle at a level providing for a
payout greater than 0% but less than 67% of the target payout amount, the aggregate sum payable under this section 1(a) shall be reduced on a straight line basis (with no amount paid if no LRPIP payout is authorized for such cycle);

  

	 	(b)	the aggregate amount of $354,166.67, to be paid by TJX in five (5) equal monthly installments starting on the next payroll date following February 28, 2013;

  

	 	(c)	$850,000, to be paid by TJX on or about August 2, 2013; and 

  

	 	(d)	$425,000, to be paid by TJX on or about January 31, 2014. 

 The US dollar amounts set forth above under this section 1 will be converted to pounds sterling at the rate of $1.56 to £1.00, irrespective of the prevailing exchange rate at the time of payment.
You hereby acknowledge that you have agreed to certain restrictions and obligations under the Employment Agreement and under the Compromise Agreement (the “UK Obligations”), and that this letter agreement imposes additional
restrictions and obligations on you not included under your UK Obligations (the “Additional Obligations”). You further acknowledge and agree that TJX’s obligation to pay any amount under this section 1 is expressly contingent
upon your full and strict compliance with each of the Additional Obligations through the date of payment, disregarding any deletion, reformation or restriction by any court, administrative, arbitral or governmental body or other

 
tribunal; and that if any parts or provisions of section 2 or section 3 under this letter agreement are so deleted, reformed or restricted as to substantive reach, duration, geographic scope or
otherwise, TJX’s obligation to pay any amount under this section 1 shall be automatically and immediately reduced (but not below $50) in proportion to the reduction in Additional Obligations attributable to such deletion, reformation or
restriction. 
 2. Nonsolicitation. During the period beginning on the date hereof and ending on January 31,
2014 (the “Nonsolicitation Period”), you shall not, and shall not direct any other individual or entity to, directly or indirectly (including as a partner, shareholder, joint venturer or other investor) (i) hire, offer to hire,
attempt to hire or assist in the hiring of, any protected person as an employee, director, consultant, advisor or other service provider, (ii) recommend any protected person for employment or other engagement with any person or entity other
than the Employer, (iii) solicit for employment or other engagement any protected person, or seek to persuade, induce or encourage any protected person to discontinue employment or engagement with the Employer, or recommend to any protected
person any employment or engagement other than with the Employer, (iv) accept services of any sort (whether for compensation or otherwise) from any protected person, or (v) participate with any other person or entity in any of the
foregoing activities. Any individual or entity to which you provide services (as an employee, director, consultant, advisor or otherwise) or in which you are a shareholder, member, partner, joint venture or investor, excluding interests in the
common stock of any publicly traded corporation of one percent (1%) or less, and any individual or entity that is affiliated with any such individual or entity, shall, for purposes of the preceding sentence, be irrebuttably presumed to have
acted at your direction with respect to any “protected person” who worked with you at any time during the six (6) months prior to the Termination Date. A “protected person” is a person who as of the Termination Date,
or within six (6) months prior thereto, is or was employed by the Employer either in a position of Assistant Vice President or higher, or in a salaried position in any merchandising group. As to (I) each “protected person” to
whom the foregoing applies, (II) each subcategory of “protected person,” as defined above, (III) each limitation on (A) employment or other engagement, (B) solicitation and (C) unsolicited acceptance of services, of each
“protected person” and (IV) each month of the period during which the provisions of this section 2 apply to each of the foregoing, the provisions set forth in this section 2 shall be deemed to be separate and independent agreements. In the
event of unenforceability of any one or more such agreement(s), such unenforceable agreement(s) shall be deemed automatically reformed in order to allow for the greatest degree of enforceability authorized by law or, if no such reformation is
possible, deleted from the provisions hereof entirely, and such reformation or deletion shall not affect the enforceability of any other provision of this section 2 or (except as provided under section 1) any other term of this letter agreement.

 3. Noncompetition. During the course of your employment, you have learned vital trade secrets of the Employer and have
had access to confidential and proprietary information (including Confidential Information, as defined below) and business plans of the Employer. Therefore, during the period beginning on the date hereof and ending on August 2, 2013 (the
“Noncompetition Period”), you will not, directly or indirectly, be a shareholder, member, partner, joint venturer or investor (disregarding in this connection passive ownership for investment purposes of common stock representing
one percent (1%) or less of the voting power or value of any publicly traded corporation) in, serve as a director or manager of, be engaged in any employment, consulting, or fees-for-services relationship or arrangement with, or advise with
respect to the organization or conduct of, or any investment in, any “competitive business” as hereinafter defined or any Person that engages in any “competitive business” as hereinafter defined, nor shall you undertake any
planning to engage in any such activities. The term “competitive business” (i) shall mean any business (however organized or conducted, including, without limitation, an on-line, “ecommerce” or other internet-based
business) that competes with a business in which the Employer was engaged at any time during the 12-month period preceding the Termination Date, or in which the Employer was, at any time during the
12-

  
 2 

 
month period preceding the Termination Date, planning to engage, and (ii) shall conclusively be presumed to include, but shall not be limited to, (A) any business designated as a
competitive business in the Committee Resolution, including, without limitation, an on-line, “ecommerce” or other internet-based business of any such business, and (B) any other off-price, promotional, or warehouse club type retail
business, however organized or conducted (including, without limitation, an on-line, “ecommerce” or other internet-based business), that sells apparel, footwear, home fashions, home furnishings, jewelry, accessories, or any other category
of merchandise sold by the Employer as of the Termination Date. For purposes of this section 3, a “Person” means an individual, a corporation, a limited liability company, an association, a partnership, an estate, a trust and any
other entity or organization, other than the Employer, and reference to any Person (the “first Person”) shall be deemed to include any other Person that controls, is controlled by or is under common control with the first Person;
and the “Committee Resolution” means the designation of competitive businesses most recently adopted by the ECC at or prior to the date of execution of this letter agreement for purposes of the restrictive covenants applicable to
you. If, at any time, pursuant to action of any court, administrative, arbitral or governmental body or other tribunal, the operation of any part of this section 3 shall be determined to be unlawful or otherwise unenforceable, then the coverage of
this section 3 shall be deemed to be reformed and restricted as to substantive reach, duration, geographic scope or otherwise, as the case may be, to the extent, and only to the extent, necessary to make this paragraph lawful and enforceable to the
greatest extent possible in the particular jurisdiction in which such determination is made. 
 4. Confidentiality and
Employer Property. You agree that all Confidential Information, as defined below, which you create or have created, or to which you have or had access, as a result of your employment and other associations with the Employer, is and shall remain
the sole and exclusive property of the Employer. You agree that, except as expressly authorized in writing in advance by the Company or as required by applicable law or regulations or in any Court proceedings for the enforcement of this letter
agreement or the Compromise Agreement, you will never, directly or indirectly, use or disclose any Confidential Information unless the same has come into the public domain otherwise than as a result directly or indirectly of your actions. Use or
disclosure of Confidential Information includes, without limitation, directly or indirectly publishing (through written, verbal or visual communication in any medium, including without limitation print, internet-based, or broadcast media or public
performance) any diary, memoir, letter, story, photograph, interview, article, essay, account or description concerning any Confidential Information. You understand and agree that this restriction shall continue to apply at all times after the
termination of your employment. Further, you agree to furnish prompt notice to TJX of any required disclosure of Confidential Information sought pursuant to subpoena, court order or any other legal process or requirement, and agree to provide TJX a
reasonable opportunity to seek protection of the Confidential Information prior to any such disclosure. For purposes of this letter agreement, “Confidential Information” means any and all information of the Employer, whether or not
in writing, that is not generally available to others with whom the Employer competes or does business, or with whom it plans to compete or do business, and any and all information, which, if disclosed, would assist in competition against the
Employer or which otherwise concerns the Employer’s financial and other business affairs , including but not limited to: the Employer’s unique plans, strategies and information concerning Employer marketing, operations, procurement,
technology, recruiting and staffing, financing, processes, computer programs and related documentation, customer lists, trade secrets, contracts, contract negotiations, systems, policies, employee relations matters, and research and development; all
proprietary information of the Employer, including but not limited to computer software, databases, technical data, business and/or marketing plans and arrangements, processes, know-how, developments, copyrightable works, assigned inventions,
information regarding any aspect of the Employer’s intellectual property, products or services; the development, research, market research, testing, marketing and financial activities and strategic plans of the Employer, including without
limitation information regarding any existing or proposed acquisition, strategic 

  
 3 

 
alliance or joint venture; the manner in which the Employer operates, including without limitation the Employer’s accounting and business methods; its costs and sources of supply; the
identity and special needs of the customers, prospective customers and subcontractors of the Employer; and the people and organizations with whom the Employer has business relationships and the substance of those relationships. All documents,
records and files, in any media, relating to the business, present or otherwise, of the Employer and any copies (“Documents”), whether or not prepared by you, are the exclusive property of the Employer. You must diligently safeguard
all Documents and, no later than the Termination Date, you must surrender to the Employer all Documents, and shall execute a certificate representing and warranting that you have returned all such Documents in your possession or under your control.

 5. Nondisparagement. At all times following the date hereof, you agree, for yourself and all others acting on your
behalf, that you will not directly or indirectly say or do anything that would disparage, reflect negatively on, or call into question the Employer’s business operations, stores, products, reputation, business relationships, or present or
future businesses, or the reputation of any past or present directors, executives, officers, employees, agents or affiliates, parents or subsidiaries of the Employer. 
 6. Release. Your entitlement to any Contingent Benefits is expressly conditioned on (i) your executing and delivering to TJX an effective release of claims (in the form attached hereto) not
later than twenty-one (21) days following the Termination Date, and (ii) your not revoking such release within seven (7) days of your execution and delivery thereof. “Contingent Benefits” means the payments under
section 1 of this letter agreement, plus compensation and benefits provided to you under TJX’s Stock Incentive Plan, plus any other compensation and benefits that are paid or provided by TJX (or a U.S. affiliate of TJX) (but subject to such
exceptions as TJX may determine in its discretion for amounts accrued and vested prior to the Termination Date). 
 7. Notice
of New Address and Employment. During the Nonsolicitation Period and the Noncompetition Period, you shall notify TJX in writing of any change in your address and of each new job or other material business activity in which you plan to engage at
least two (2) weeks prior to beginning such job or activity. Such notice shall state the name and address of any new employer and the nature of your position. You further agree to certify to TJX in writing (in a form acceptable to TJX) your
full and strict compliance with all of the terms of this letter agreement and the Compromise Agreement at the close of the Noncompetition Period (as a precondition to the first payment to be made under section 1(a) above and the payment under
section 1(c) above) and again at the close of the Nonsolicitation Period (as a precondition to the second payment to be made under section 1(a) above and the payment under section 1(d) above). You further agree to provide TJX with any other
pertinent information concerning such business activity as TJX may reasonably request in order to determine your continued compliance with your obligations under this letter agreement. You agree to notify your new employer(s) of your obligations
under this letter agreement, and hereby consent to notification by the Employer to your new employer(s) concerning your obligations under this letter agreement. 
 8. Forfeiture and Recovery of Compensation. Your right to receive the payments under section 1 of this letter agreement is subject to your full and strict compliance with the provisions of this
letter agreement. If, during your employment or at any time following the Termination Date, you breach any provision of this letter agreement, TJX’s obligation to pay benefits to you under this letter agreement shall forthwith cease and you
shall immediately forfeit any sums remaining to be paid to you under section 1 of this letter agreement. You hereby acknowledge and agree that, in addition to the terms of this letter agreement, you are further subject to any Employer policy
regarding recovery of compensation to the extent required to comply with Section 10D of the Securities Exchange Act of 1934, as amended, or any stock exchange or similar rule adopted under said Section. 

  
 4 

 9. Additional Remedies. You hereby advise TJX that you have carefully read and
considered all the terms and conditions of this Agreement, including the restraints imposed on you, and you agree without reservation that each of the restraints contained herein is necessary for the reasonable and proper protection of the good
will, confidential information and other legitimate business interests of the Employer, that each and every one of those restraints is reasonable in respect to subject matter, length of time and geographic area; and that these restraints will not
prevent you from obtaining other suitable employment during the period in which you are bound by them. You agree that you will never assert, or permit to be asserted on your behalf, in any forum, any position contrary to the foregoing. You also
acknowledge and agree that, were you to breach any of the provisions of this letter agreement, the harm to the Employer would be irreparable. You therefore agree that, in the event of such a breach or threatened breach, TJX shall, in addition to any
other remedies available to it, have the right to obtain preliminary and permanent injunctive relief against any such breach or threatened breach without having to post bond, and will additionally be entitled to an award of attorney’s fees
incurred in connection with enforcing its rights hereunder, and any other appropriate legal or equitable relief. You further agree that, in the event that any provision of this letter agreement shall be determined by any court of competent
jurisdiction to be unenforceable by reason of its being extended over too great a time, too large a geographic area or too great a range of activities, such provision shall be deemed to be modified to permit its enforcement to the maximum extent
permitted by law. Finally, you agree that the Noncompetition Period and the Nonsolicitation Period shall be tolled, and shall not run, during any period of time in which you are in violation of any of the terms of this letter agreement, in order
that the Employer shall have the agreed-upon temporal protection recited herein. 
 10. Additional Terms. You further
acknowledge and agree as follows: (a) You expressly consent to be bound by the provisions of this letter agreement for the benefit of TJX, and any successor or assign of TJX (without the necessity that this letter agreement be re-signed). Your
rights and obligations under this letter agreement are not assignable. (b) Any payments made or to be made to you shall be subject to applicable tax and other required withholding (as determined by TJX) which we expect to be made under UK tax
code 0T. The Employer shall not be liable for any additional taxes, or any penalties or interest, with respect to any amounts that may be payable to you hereunder. (c) The payments and benefits described in this letter agreement and in the
Compromise Agreement are in complete satisfaction of any and all compensation and benefits due to you from the Employer, whether arising under the Employment Agreement or otherwise, in connection with your employment or the termination thereof, and,
except as expressly provided under section 1 of this letter agreement or under the Compromise Agreement, nothing further is or will be owed to you by the Employer. (d) This letter agreement, together with the Compromise Agreement, sets forth
the entire agreement between you and TJX (and between you and the Employer), and supersedes the Employment Agreement and all prior and contemporaneous communications, agreements and understandings, written or oral, between you and TJX (and between
you and the Employer), with respect to the subject matter hereof. This letter agreement may not be modified or amended, and no breach shall be deemed to be waived, unless agreed to in writing by you and an expressly authorized officer of TJX.
Provisions of this letter agreement shall survive the termination of your employment and termination of the Compromise Agreement, and shall survive if otherwise necessary or desirable to accomplish the purpose of other surviving provisions.
(e) The provisions of this letter agreement are severable, and no breach of any provision of this letter agreement by the Employer, or any other claimed breach of contract or violation of law, shall operate to excuse your obligation to fulfill
the requirements of sections 2, 3, 4, 5, 6 and 7 hereof. The restrictions contained in each section and subsection of this letter agreement shall be construed as separate and individual restrictions and shall each be capable of being severed without
prejudice to the other restrictions or to the remaining provisions. If any 

  
 5 

 
provision of this letter agreement should, for any reason, be held invalid or unenforceable in any respect, it shall not affect any other provisions (except as provided under section 1), and
shall be construed by limiting it so as to be enforceable to the maximum extent permissible by law. 
 11. This is a
Massachusetts contract and shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts without regard to the conflict of laws principles thereof. The parties shall submit to the exclusive jurisdiction of the
United States District Court for the District of Massachusetts (or, if such jurisdiction is lacking, the courts of the Commonwealth of Massachusetts) for purposes of resolving any dispute hereunder. 

12. In signing this letter agreement, you give TJX assurance that you have read and understood all of its terms; that you have had a full
and reasonable opportunity to consider its terms and to consult with any person of your choosing before signing; that you have not relied on any agreements or representations, express or implied, that are not set forth expressly in this letter
agreement; and that you have signed this letter agreement knowingly and voluntarily. This letter agreement may be executed in counterparts, each of which shall be deemed an original and all of which taken together shall constitute one and the same
agreement. 
  

			
	THE TJX COMPANIES, INC.
		
	By:	 	/s/ Ernie Herrman

 Intending to be legally bound hereby, I have signed this letter agreement under seal as of the date first set forth
above. 
  

	
	
	/s/ Paul Sweetenham
	Paul Sweetenham

  

  
 6

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