Amendment to Letter Agreement Between Supervalu Inc. and Eric Claus Extending Outside Date

Contract Categories: Business Finance › Modification Agreements
Summary

Supervalu Inc. and Eric Claus have agreed to amend their previous Letter Agreement dated November 30, 2015. The amendment extends the "Outside Date"—the deadline for certain actions related to the parties' planned separation—by 12 months, making the new date December 13, 2017. Both parties have signed to confirm their acceptance of this change, which is intended to give them more time to explore and facilitate the separation process.

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EX-10.7 4 q1-f17form10xqex107.htm EX 10.7 Exhibit


Exhibit 10.7



May 27, 2016

Eric Claus
Chief Executive Officer
Save-A-Lot
100 Corporate Office Drive
Earth City, MO 63045


Dear Eric,

This letter confirms that you and Supervalu agree to amend the Letter Agreement with you dated November 30, 2015 to provide that the "Outside Date" as defined in such Letter Agreement will be extended 12 months. The amended Outside Date will be December 13, 2017. 

This amendment is based on our mutual desire and benefit as it will help to optimize and facilitate the parties' intentions and ability to explore the Separation.

Please confirm your agreement with and acceptance of this amendment by signing below and returning this letter amendment to me.



Best regards,

/s/ Mark Gross

Mark Gross
President and Chief Executive Officer
SUPERVALU INC.


    


ACKNOWLEDGED and AGREED:

/s/ ERIC CLAUS
 
6/1/2016
 
 
Eric Claus
 
Date
 
 



cc:    Andre LaMere