Amendment No. 3 to Form S-1 Tahk of Contents (increased to 60% effective January 30, 2015). In addition, Mr. Sampson's offer letter provided for a signing bonus in the amount of $200,000 and the retention bonus described above under "—Bonuses—Special Bonuses." On September 18, 2015, Mr. Sampson and the company entered into a letter agreement which, effective upon the consummation of the IPO-Related Transactions, will reflect the assignment of his employment to the company and provide that the company will make any further payments remaining under his retention bonus. Wayne A. Denningham On September 18, 2015, Mr. Denningham and the company entered into a letter agreement which, effective upon the consummation of the IPO-Related Transactions, will reflect the assignment of his employment to the company, his base salary of 5800,000 and bonus opportunity of 60% of his base salary and provide that the company will make any further payments remaining under his retention bonus. Severance Plan We maintain the Albertson's LLC Severance Plan for Officers (the "Severance Plan") in order to provide severance benefits to certain employees who do not have severance rights under an employment agreement. Messrs. Denningham and Sampson are currently eligible for severance benefits under the Severance Plan. The Severance Plan provides that, subject to the execution of a release of claims and to certain exceptions set forth in the Severance Plan, an eligible employee who incurs an involuntary termination of employment due to certain job restructurings, reductions in force, sale of facilities, or job eliminations (and not due to any other reason including termination for misconduct or unsatisfactory job performance as determined by the company, or voluntary termination) will be eligible to receive: • a lump sum severance payment in an amount equal to two weeks of pay per year of service, with a minimum of eight weeks of severance pay; and • continued health insur