SEC Contract Filing

Filing Date: 2022-10-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>3
<FILENAME>azo-20220827xex10d12.htm
<DESCRIPTION>EX-10.12
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.14.0.96--><!--Created on: 10/19/2022 09:22:33 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:14.71%;padding-right:11.76%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.19;text-align:right;margin:0pt;"><b style="font-size:16pt;font-weight:bold;"><a name="_Hlk116306417"></a></b>Exhibit 10.12</p><p style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt;">AUTOZONE, INC. ENHANCED SEVERANCE PAY PLAN </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt;"><b style="font-size:16pt;font-weight:bold;"><a name="_DV_M1"></a></b>(A part of the AutoZone, Inc. Welfare Benefit Plan)</p><p style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><a name="_DV_M2"></a><a name="_DV_C2"></a><a name="_DV_M3"></a>AutoZone, Inc. (hereinafter the &quot;Company&quot;) hereby adopts the AutoZone, Inc. Enhanced Severance Pay Plan (this &quot;Plan&quot;), effective upon the date of its execution.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;width:154.84pt;"></font><a name="_DV_M4"></a>Section 1: Purpose; Definitions</p><div style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman','Times','serif';font-size:12pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">1.1</font><a name="_DV_M5"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:italic;font-weight:bold;">Purpose; Controlling Document.</font><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;"> </b><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;"> This Plan, </font><a name="_DV_C5"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-decoration-line:none;">as part of</font><a name="_DV_M6"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;"> the</font><a name="_DV_C6"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-decoration-line:none;"> AutoZone, Inc.</font><a name="_DV_M7"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;"> Welfare </font><a name="_DV_C7"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-decoration-line:none;">Benefit </font><a name="_DV_M8"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;">Plan document, provides severance pay to Eligible Employees </font><a name="_DV_C9"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-decoration-line:none;">(as defined below) of AutoZone and its Affiliates (as defined below)</font><a name="_DV_M9"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;"> in the circumstances and on the conditions specified</font><a name="_DV_C10"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-decoration-line:none;"> in this document</font><a name="_DV_M10"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;">. &#160;</font><a name="_DV_C12"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-decoration-line:none;">This</font><a name="_DV_M11"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;"> Plan is an &quot;employee welfare benefit plan&quot; within the meaning of Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended</font><a name="_DV_M12"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;"> </font><a name="_DV_C15"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-decoration-line:none;">&quot;ERISA&quot;).</font><a name="_DV_C16"></a></div><div style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman','Times','serif';font-size:12pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">1.2</font><a name="_DV_C17"></a><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:italic;font-weight:bold;text-decoration-line:none;">Replacement of Exis