Amendment to Independent Contractor Consultancy Agreement between Ross Stores, Inc. and Norman A. Ferber
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Summary
Ross Stores, Inc. and Norman A. Ferber have amended their existing Independent Contractor Consultancy Agreement. Effective February 1, 2018, this amendment increases Ferber's compensation from $1,616,000 to $1,875,000 and extends the agreement's term from May 31, 2019 to May 31, 2020. All other terms of the original agreement remain unchanged.
EX-10.2 3 exhibit102amendmenttonorma.htm EXHIBIT 10.2 Exhibit
Exhibit 10.2
AMENDMENT TO INDEPENDENT CONTRACTOR CONSULTANCY AGREEMENT
This Amendment to Independent Contractor Consultancy Agreement (the “Amendment”) is made and entered into as of June 13, 2018 and effective February 1, 2018 (the “Effective Date”) by and between Ross Stores, Inc. (“Company” or “Ross”) and Norman A. Ferber, an individual (“Contractor” or “Ferber”), and amends the Amended and Restated Independent Contractor Consultancy Agreement entered into by the Company and Contractor effective as of January 6, 2010 and subsequently amended effective January 30, 2012, February 17, 2015 and March 1, 2017 (collectively, the “Agreement”) as follows:
1. | Section 2.1 of the Agreement is hereby amended by replacing the phrase “$1,616,000” with the phrase “$1,875,000”. |
2. | Section 8.1 of the Agreement is hereby amended by replacing the phrase “May 31, 2019” with the phrase “May 31, 2020”. |
3. | Except as so amended, the Agreement remains in full force and effect. |
IN WITNESS WHEREOF, the parties have executed this Amendment to the Agreement as of the first date first written above.
Company: | Contractor: | ||
ROSS STORES, INC. | NORMAN A. FERBER | ||
By: | /s/George P. Orban | /s/Norman A. Ferber | |
George P. Orban | |||
Chairman, Compensation Committee |