BJS WHOLESALE CLUB, INC. Change of Control Severance Benefit Plan for Key Employees, as Amended
Exhibit 10.20a
BJ’S WHOLESALE CLUB, INC.
Change of Control Severance Benefit Plan
for Key Employees, as Amended
AMENDMENT
Pursuant to the right reserved to BJ’s Wholesale Club, Inc. (the “Company”) in Section 7 of the BJ’s Wholesale Club, Inc. Change of Control Severance Benefit Plan for Key Employees, as Amended through January 11, 2000 (the “Plan”), the Board of Directors of the Company has authorized the Chief Financial Officer of the Company to amend the Plan. Pursuant to the authority granted by the Board of Directors, Frank D. Forward, Chief Financial Officer, hereby amends the Plan by adopting the amendment set forth below, as follows:
Exhibit B, Determination of Benefits Following a Qualified Termination, shall be amended by replacing it with the following:
EXHIBIT B
(as amended through February 4, 2004)
Determination of Benefits Following a Qualified Termination
The “Applicable Number of Weeks” with respect to a Participant is as follows:
| If the Participant’s title immediately prior to the Change of Control is… | The Applicable Number of Weeks is… | |||
| Senior Vice President | 104 weeks | |||
| Vice President | 78 weeks | |||
| Assistant Vice President or Regional Manager | 65 weeks | |||
| Manager of, Buyer, Other | Years of Service | # of weeks | ||
| Manager or Staff Grades 27-32 | Less than 10 | 45 weeks | ||
| 10 | 46 weeks | |||
| 11 | 50 weeks | |||
| 12 | 54 weeks | |||
| 13 or more | 58 weeks | |||
| Other Home Office Team Members | Years of Service | # of weeks | ||
| Less than 2 | 4 weeks | |||
| 2 or more | 4 weeks + (years of service – 1) x (2) (up to a maximum of 26 weeks) | |||
* * * * * *
This Amendment to the BJ’s Wholesale Club, Inc. Change of Control Severance Benefit Plan for Key Employees is executed on behalf of the Company this 4th day of February, 2004.
| BJ’S WHOLESALE CLUB, INC. | ||
| /s/ Frank D. Forward | ||
| Frank D. Forward, Chief Financial Officer | ||
