Amended Schedule of Executive Officers with Post-Termination and Non-Compete Agreements – Wal-Mart Stores, Inc.
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Summary
This document is an amended schedule from Wal-Mart Stores, Inc. listing executive officers who have signed a Post-Termination Agreement and Covenant Not to Compete, as of January 31, 2015. It details the names of executives, the dates of their agreements, and any restricted stock awards granted in connection with these agreements. The schedule also notes that Neil M. Ashe’s agreement contains modifications to comply with local laws. The purpose is to clarify which executives are bound by these agreements and any variations from the standard form.
EX-10.(O).1 3 wmt10o113115.htm AMENDMENT TO FORM OF POST-TERMINATION AGREEMENT WMT 10(o).1 1.31.15
Exhibit 10(o).1
AMENDED SCHEDULE OF EXECUTIVE OFFICERS WHO HAVE EXECUTED A POST-TERMINATION AGREEMENT AND COVENANT NOT TO COMPETE IN THE FORM FILED AS EXHIBIT 10(p) TO THE ANNUAL REPORT ON FORM 10-K OF THE COMPANY FOR THE FISCAL YEAR ENDED JANUARY 31, 2011 (this "Amended Schedule")
This Amended Schedule amends the Schedule of Executive Officers Who Have Executed a Post-Termination Agreement and Covenant Not to Compete that followed the form of Post-Termination Agreement and Covenant Not to Compete originally filed by Wal-Mart Stores, Inc. as Exhibit 10(p) to its Annual Report on Form 10-K for the year ended January 31, 2011, as filed on March 30, 2011 (the "Form Agreement"). This Amended Schedule is included pursuant to Instruction 2 of Item 601(a) of Regulation S-K for the purpose of setting forth the details in which the specific agreements executed in the form of the Form Agreement differ from the Form Agreement, in particular to set forth the persons who, with Wal-Mart Stores, Inc., were parties to Post-Termination Agreements and Covenants Not to Compete in such form at January 31, 2015.
Executive Officer Who is a Party to such a Post-Termination Agreement and Covenant Not to Compete | Date of Agreement | Value of Restricted Stock Award Granted in Connection with Agreement |
Neil M. Ashe | January 16, 2012 | Not Applicable |
Daniel J. Bartlett | May 16, 2013 | Not Applicable |
Rosalind G. Brewer | March 23, 2010 | Not Applicable |
M. Susan Chambers | March 15, 2010 | $1,000,000 |
Rollin L. Ford | January 19, 2010 | $1,000,000 |
Jeffrey J. Gearhart | June 11, 2013 | $1,500,000 |
Charles M. Holley, Jr. | March 24, 2010 | $1,000,000 |
C. Douglas McMillon | January 19, 2010 | $2,000,000 |
Gregory Foran | July 23, 2014 | Not Applicable |
Steven P. Whaley | January 19, 2010 | $300,000 |
In addition, certain terms of the Post-Termination Agreement and Covenant Not to Compete, dated January 16, 2012, between Wal-Mart Stores, Inc. and Neil M. Ashe differ from those of the Form Agreement as necessary to address certain laws of the jurisdiction in which Mr. Ashe resides.
