Exhibit 10.2
[Insert Fiscal Year] Long-Term Incentive Plan
This document sets forth the SpartanNash Company Long-Term Incentive Plan for awards made during the fiscal year beginning [Insert Start of Performance Period] and covering the three fiscal year period ending [Insert End of Performance Period] (“[Insert Fiscal Year] LTIP”).
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Exhibit 10.2
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Performance Measurement | Percentage of PSU Award |
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[Insert Performance Measurement(s)]1 |
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1 | [Insert Definition of Performance Measurement]. |
Performance Goals and Payouts. [Insert narrative description of Performance Measurement target(s)]. [Insert Fiscal Year] PSU award payouts will be determined by the following payout schedule(s) for [Insert Performance Measurement(s)]:
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Exhibit 10.2
Performance Level | [Insert Performance Measurement(s)] | % of Target | Payout |
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Threshold | [Insert Threshold(s)] | [Insert Percentages] | [Insert Percentages] |
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Target |
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Maximum |
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Exhibit 10.2
If SpartanNash’s actual performance achieved for [Insert Performance Measurement(s)] exceeds the threshold level and falls between specified levels in the scale, then the percentage of the Target Award that will be paid will be determined by linear interpolation.
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Exhibit 10.2
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Exhibit 10.2
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Exhibit 10.2
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Exhibit 10.2
Exhibit A
SpartanNash Company
Post-Employment Competition Agreement
SpartanNash faces intense competition in all of its lines of business. Your employment with SpartanNash has required, and will continue to require, that you work with SpartanNash’s non-public, proprietary, confidential or trade secret information (all such information, “Confidential Information”), which is vitally important to SpartanNash’s success. You have also participated in and developed relationships with SpartanNash customers in the course of your employment.
It is important that SpartanNash take steps to protect its Confidential Information and business relationships, even after your employment with SpartanNash concludes for any reason. Your disclosure of Confidential Information or interference with SpartanNash’s relationships could do serious damage to the business, finances, or reputation of SpartanNash. For these reasons, SpartanNash requires that you agree to the restrictions set forth below as consideration for, and as a condition of receipt of, your [Insert Fiscal Year] PSU award.
As used in this document:
“Agreement” means this post-employment competition agreement.
“Business” means the Company’s Wholesale Segment (defined below) and the Retail Segment (defined below):
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Exhibit 10.2
“Covered Customer” means any Person to whom SpartanNash provided good or services at any time during the 24-month period preceding the termination of your employment for any reason, with which or with whom you first had contact directly or indirectly as part of your job responsibilities (including oversight responsibility) with SpartanNash or about which or whom you learned Confidential Information.
“Person” means any natural person, corporation, general partnership, limited partnership, limited liability company or partnership, joint venture, proprietorship, other business organization, business trust, union, association or governmental or regulatory entities, department, agency or authority.
“Products” means grocery and related products including, nationally branded and private label grocery products and perishable food products (including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, beverages, tobacco products, fresh protein-based foods, prepared meals, and value-added products such as fresh-cut fruits and vegetables and prepared salads), general merchandise, health and beauty care products, pharmacy products (prescription and non-prescription drugs), fuel and other items offered by SpartanNash.
“Restricted Area” means (i) with respect to the Wholesale Segment, the United States, Europe, Cuba, Puerto Rico, Bahrain, Egypt and any other country in the world where SpartanNash engages or was prepared to engage with the DeCA and any U.S. military commissaries and exchanges worldwide, in each case, at any time during the 24-month period preceding the termination of your employment for any reason; or (ii) with respect to the Retail Segment, in Iowa, Michigan, Minnesota, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin, as well as any other state in the United States where SpartanNash engages in the Retail Segment or was preparing to engage in the Retail Segment, in each case, at any time during the 24-month period preceding the termination of your employment for any reason.
“SpartanNash” means SpartanNash Company and any of its subsidiaries.
By accepting the PSU award, you agree that, while you are employed with SpartanNash and for twelve (12) months following the termination of your employment for any reason, you will not, directly or indirectly:
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Exhibit 10.2
You agree that the restrictions above are necessary to ensure the protection and continuity of the business and goodwill of SpartanNash, and that the restrictions are reasonable as to geography, duration and scope.
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Exhibit 10.2
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Exhibit 10.2
Exhibit B
General Terms and Conditions Applicable to the Performance Share Unit Component
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Exhibit 10.2
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Exhibit 10.2
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Exhibit 10.2
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