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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 7/06/22 Rite Aid Corp. 10-Q 5/28/22 88:10M Toppan Merrill Bridge/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 1.19M 2: EX-4.10 Instrument Defining the Rights of Security Holders HTML 35K 3: EX-4.11 Instrument Defining the Rights of Security Holders HTML 35K 4: EX-10.35 Material Contract HTML 57K 5: EX-10.36 Material Contract HTML 59K 6: EX-22 Published Report re: Matters Submitted to a Vote HTML 39K of Security Holders 7: EX-31.1 Certification -- §302 - SOA'02 HTML 28K 8: EX-31.2 Certification -- §302 - SOA'02 HTML 28K 9: EX-32 Certification -- §906 - SOA'02 HTML 26K 15: R1 Document and Entity Information HTML 76K 16: R2 Condensed Consolidated Balance Sheets HTML 127K 17: R3 Condensed Consolidated Balance Sheets HTML 34K (Parenthetical) 18: R4 Condensed Consolidated Statements of Operations HTML 110K 19: R5 Condensed Consolidated Statements of Comprehensive HTML 49K Loss 20: R6 Condensed Consolidated Statements of Comprehensive HTML 26K Loss (Parenthetical) 21: R7 Condensed Consolidated Statements of Stockholders' HTML 85K Equity 22: R8 Condensed Consolidated Statements of Stockholders' HTML 26K Equity (Parenthetical) 23: R9 Condensed Consolidated Statements of Cash Flows HTML 113K 24: R10 Basis of Presentation and Significant Accounting HTML 48K Policies 25: R11 Acquisition HTML 56K 26: R12 Restructuring HTML 88K 27: R13 Income (Loss) Per Share HTML 47K 28: R14 Facility Exit and Impairment Charges HTML 114K 29: R15 Fair Value Measurements HTML 29K 30: R16 Income Taxes HTML 30K 31: R17 Medicare Part D HTML 33K 32: R18 Manufacturer Rebates Receivables HTML 25K 33: R19 Goodwill and Other Intangible Assets HTML 116K 34: R20 Indebtedness and Credit Agreements HTML 74K 35: R21 Leases HTML 135K 36: R22 Retirement Plans HTML 47K 37: R23 Segment Reporting HTML 139K 38: R24 Commitments, Contingencies and Guarantees HTML 45K 39: R25 Supplementary Cash Flow Data HTML 40K 40: R26 Basis of Presentation and Significant Accounting HTML 53K Policies (Policies) 41: R27 Basis of Presentation and Significant Accounting HTML 41K Policies (Tables) 42: R28 Acquisition (Tables) HTML 54K 43: R29 Restructuring (Tables) HTML 86K 44: R30 Income (Loss) Per Share (Tables) HTML 45K 45: R31 Facility Exit and Impairment Charges (Tables) HTML 110K 46: R32 Goodwill and Other Intangible Assets (Tables) HTML 204K 47: R33 Indebtedness and Credit Agreements (Tables) HTML 54K 48: R34 Leases (Tables) HTML 170K 49: R35 Retirement Plans (Tables) HTML 43K 50: R36 Segment Reporting (Tables) HTML 138K 51: R37 Supplementary Cash Flow Data (Tables) HTML 39K 52: R38 Basis of Presentation and Significant Accounting HTML 49K Policies - Sales (Details) 53: R39 Basis of Presentation and Significant Accounting HTML 49K Policies - FY thru Revenue (Details) 54: R40 Acquisition (Details) HTML 32K 55: R41 Acquisition - Purchase price allocation (Details) HTML 80K 56: R42 Acquisition - Intangible assets acquired (Details) HTML 33K 57: R43 Acquisition - Acquisition costs (Details) HTML 34K 58: R44 Restructuring (Details) HTML 62K 59: R45 Income (Loss) Per Share (Details) HTML 60K 60: R46 Facility Exit and Impairment Charges (Details) HTML 41K 61: R47 Facility Exit and Impairment Charges - Fair value HTML 38K (Details) 62: R48 Facility Exit and Impairment Charges - Closed HTML 48K Store Liability rollforward (Details) 63: R49 Fair Value Measurements (Details) HTML 33K 64: R50 Income Taxes (Details) HTML 36K 65: R51 Medicare Part D (Details) HTML 53K 66: R52 Manufacturer Rebates Receivables (Details) HTML 30K 67: R53 Goodwill and Other Intangibles - Goodwill HTML 35K (Details) 68: R54 Goodwill and Other Intangible Assets - Intangibles HTML 69K (Details) 69: R55 Goodwill and Other Intangible Assets - Unfavorable HTML 39K lease intangibles and amortization expense (Details) 70: R56 Indebtedness and Credit Agreements - Indebtedness HTML 77K and lease financing obligations (Details) 71: R57 Indebtedness and Credit Agreement - Credit HTML 107K Facility (Details) 72: R58 Indebtedness and Credit Agreement - Transactions HTML 90K and Maturity (Details) 73: R59 Leases (Details) HTML 55K 74: R60 Leases - Supplemental cash flow information HTML 36K related to leases (Details) 75: R61 Leases - Supplemental BS Information (Details) HTML 59K 76: R62 Leases - Maturity of lease liabilities under HTML 85K finance and operating leases (Details) 77: R63 Leases - Sale Leaseback (Details) HTML 30K 78: R64 Retirement Plans - Benefit obligation and funded HTML 58K status (Details) 79: R65 Segment Reporting - Balance Sheet information HTML 50K (Details) 80: R66 Segment Reporting - Revenues (Details) HTML 55K 81: R67 Segment Reporting - Adjusted EBITDA (Details) HTML 66K 82: R68 Commitments, Contingencies and Guarantees HTML 45K (Details) 83: R69 Supplementary Cash Flow Data (Details) HTML 38K 86: XML IDEA XML File -- Filing Summary XML 153K 84: XML XBRL Instance -- rad-20220528x10q_htm XML 2.45M 85: EXCEL IDEA Workbook of Financial Reports XLSX 111K 11: EX-101.CAL XBRL Calculations -- rad-20220528_cal XML 238K 12: EX-101.DEF XBRL Definitions -- rad-20220528_def XML 663K 13: EX-101.LAB XBRL Labels -- rad-20220528_lab XML 1.41M 14: EX-101.PRE XBRL Presentations -- rad-20220528_pre XML 1.02M 10: EX-101.SCH XBRL Schema -- rad-20220528 XSD 192K 87: JSON XBRL Instance as JSON Data -- MetaLinks 422± 611K 88: ZIP XBRL Zipped Folder -- 0001558370-22-010556-xbrl Zip 294K
Exhibit 10.36
Rite Aid Corporation
30 Hunter Lane
Re:Separation of Employment
Dear Jim:
This letter agreement (this “Agreement”) confirms our understanding and agreement with respect to your separation of employment with Rite Aid Corporation (the “Company,” each a “Party” and together with you, the “Parties”). Capitalized terms not otherwise defined herein will have the meanings attributed to them in the employment agreement by and between you and the Company dated October 2, 2019 (the “Employment Agreement”).
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IN WITNESS WHEREOF, the Parties have signed this Agreement as of the dates indicated below.
Rite Aid Corporation | |
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By: /s/ Paul Gilbert_______ Date: April 13, 2022 | __/s/ James Peters__________________ Date: April 13, 2022 |
APPENDIX A
March 7, 2022
Rite Aid Corporation
30 Hunter Lane
Camp Hill, PA 17011
To Whom it may Concern:
I hereby irrevocably resign, effective as of March 7, 2022, from all positions and offices I hold with the Company and its subsidiaries, including as Chief Operating Officer.
Very truly yours,
/s/ James Peters
_________________
James Peters
APPENDIX B
ACCRUED BENEFITS AND SEVERANCE BENEFITS
The term “CHRO” means and refers to Jessica Kazmaier, Executive Vice President and Chief Human Resources Officer, Rite Aid Corporation, 30 Hunter Lane, Camp Hill, PA 17011 or by e-mail at jkazmaier@riteaid.com.
1. | Accrued Benefits: The Company will pay you (i) your Base Salary earned through the Separation Date; (ii) any reimbursements owed to you pursuant to Section 4.2 of the Employment Agreement for expenses incurred prior to the Separation Date; and (iii) the amounts accrued and credited to your account under the Company’s 401(k) Savings Plan, and other applicable tax-qualified retirements plans in accordance with the terms and conditions of such employee benefit plans, programs or arrangements (the “Accrued Benefits”). You acknowledge that there is no accrued or unpaid vacation payable to you under the Company’s unlimited paid time off policy. |
2. | Severance Benefits: You will be paid or provided with the following payments/benefits: |
a. | $3,712,500 representing two (2) times the sum of your current Base Salary and Annual Target Bonus, payable in equal installments over the two year period following the Release Effective Date in accordance with the Company’s regular payroll practices, commencing with the first regular payroll date that occurs after the Release Effective Date. Notwithstanding the foregoing, to the extent necessary to avoid adverse tax consequences, and except as described below, any payment to which you become entitled under the Agreement, or any arrangement or plan referenced in this Agreement, that constitutes “deferred compensation” under Internal Revenue Code Section 409A (“409A”), and is (a) payable upon your termination of employment; (b) at a time when you are a “specified employee” as defined by 409A shall not be made until the first payroll date after the earliest of: (1) the expiration of the six (6) month period (the “Deferral Period”) measured from the date of your “separation from service” within the meaning of such term under 409A; or (2) your date of death following such separation from service. Upon the expiration of the Deferral Period, any payments that would have otherwise been made during that period (whether in a single sum or in installments) will be paid in a single cash lump sum payment to you (or your beneficiary, as applicable). Each installment or amount to be paid or benefit to be provided to you will be construed as a “separate identified payment” for purposes of 409A to the fullest extent permitted therein. |
b. | Payment of your annual bonus for FY 2022 based on actual performance following determination by the Compensation Committee (or the Board) that the Company has achieved or exceeded its annual performance targets for the fiscal year, paid at the same time as annual performance bonus amounts are paid to the Company’s similarly situated active associates generally in respect of FY 2022. |
c. | Payment of a pro rata portion of your annual bonus for FY 2023 at the same time as is paid to other eligible participants in the bonus plan, following determination by the Compensation Committee (or the Board) of the Company’s performance under the applicable annual performance goals for the fiscal year, determined by multiplying the performance level achieved (relative to Executive’s Annual Target Bonus amount) by a |
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fraction (x) the numerator of which is the number of fiscal periods (months) in which Executive is employed (in this case, this amounts to 9/30 months, or 0.3 months, and (y) the denominator of which is 12, which would result in the payment of $25,781.25 at target), paid at the same time as annual performance bonus amounts are paid to the Company's executive team in respect of FY 2023. |
d. | Accelerated vesting as of the Release Effective Date with respect to those stock options and time-based restricted stock awards that would have vested within the two (2) year period following the Separation Date; any vested stock options shall remain exercisable for a period of ninety (90) days following the Separation Date. E*Trade will be instructed to promptly reflect the vested awards in your E*Trade account. |
e. | (i) $41,560.92 representing payments equal to the aggregate cost of COBRA continuation coverage in respect of medical, vision and dental coverage for you and your eligible dependents for eighteen (18) months following the Separation Date, and (ii) $5,000 in respect of your financial planning allowance, in each case paid in a lump sum within ten (10) days following the Release Effective Date. |
f. | Continued use of Clarks Summit office for remainder of the current lease (but in no event longer than 6 months), subject to Rite Aid’s existing obligations to pay rent. You agree to reimburse the Company for any incremental costs or expenses due to your use during the remaining term and to abide by any notice requirements in the lease (which shall promptly be provided to the Company if received by or given by you). |
g. | $68,750 representing payment of thirty (30) days’ Base Salary in lieu of the notice period provided in the Employment Agreement, payable in a lump sum as soon as practicable following the Separation Date in accordance with the Company’s regular payroll schedule. |
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This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 7/6/22 | |||
For Period end: | 5/28/22 | |||
4/13/22 | ||||
3/7/22 | ||||
10/2/19 | 8-K | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 10/18/23 Rite Aid Corp. 10-Q 9/02/23 88:12M Toppan Merrill Bridge/FA 7/11/23 Rite Aid Corp. 10-Q 6/03/23 79:9.5M Toppan Merrill Bridge/FA 5/01/23 Rite Aid Corp. 10-K 3/04/23 131:22M Toppan Merrill Bridge/FA 1/04/23 Rite Aid Corp. 10-Q 11/26/22 92:13M Toppan Merrill Bridge/FA 10/05/22 Rite Aid Corp. 10-Q 8/27/22 89:12M Toppan Merrill Bridge/FA 7/27/22 Rite Aid Corp. S-8 7/27/22 4:93K Toppan Merrill/FA |