Foot Locker, Inc. Automobile Expense Reimbursement Program Summary for Executives

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines Foot Locker, Inc.'s program to reimburse certain executives, including corporate officers and division presidents, for automobile-related expenses. Eligible participants, as approved by the Compensation Committee, can receive reimbursement for costs such as lease payments, taxes, insurance, fuel, and maintenance, up to an annual maximum set by the committee. The program's terms and participant eligibility may be adjusted by the committee as needed.

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EX-10.3 7 d16563_ex10-3.htm

EXHIBIT 10.3

AUTOMOBILE EXPENSE REIMBURSEMENT PROGRAM
SUMMARY

Participants:
               
Corporate Officers and Division Presidents and other executives as may from time to time be approved for participation by the Compensation and Management Resources Committee of the Board of Directors of Foot Locker, Inc. (the “Compensation Committee”).
 
Allowable Expenses:
               
Monthly lease payments, standard lease origination fees, tax, title, license, tolls, parking, gasoline, oil, insurance, and maintenance and repairs up to a set maximum annual dollar amount, as may be determined from time to time by the Compensation Committee.