Amended Schedule of Executive Officers with Post-Termination Non-Compete Agreements – Walmart Inc.
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Summary
This document lists Walmart Inc. executive officers who have signed a Post-Termination Agreement and Covenant Not to Compete, as of January 31, 2020. It identifies each executive, the date of their agreement, and any restricted stock awards granted in connection with the agreement. The schedule amends a previous filing to reflect current parties and any differences from the original form agreement. The main obligation is that these executives agree not to compete with Walmart after their employment ends, with some receiving stock awards as part of the agreement.
EX-10.7(A) 7 exhibit107a.htm EXHIBIT 10.7(A) Exhibit
Exhibit 10.7(a)
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 Walmart Inc. (formerly 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 Walmart Inc., were parties to Post-Termination Agreements and Covenants Not to Compete in such form as of January 31, 2020.
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 |
Daniel J. Bartlett | May 16, 2013 | Not Applicable |
M. Brett Biggs | September 21, 2010 | $500,000 |
Rachel L. Brand | February 21, 2018 | Not Applicable |
David Chojnowski | November 16, 2016 | Not Applicable |
John R. Furner | May 7, 2011 | Not Applicable |
C. Douglas McMillon | January 19, 2010 | $2,000,000 |
Judith McKenna | May 18, 2015 | Not Applicable |
Kathryn McLay | December 24, 2015 | Not Applicable |
Donna Morris | December 17, 2019 | Not Applicable |