AutoZone 2014 Annual Report Download - page 68

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Proxy
5. Miscellaneous Provisions
(a) The Company shall have the right to deduct all federal, state, or local taxes required by law or Company
policy to be withheld from any incentive award paid under the Plan.
(b) Nothing contained in this Plan grants to any person any claim or right to any payments under the Plan.
Such payments shall be made at the sole discretion of the Committee.
(c) Nothing contained in this Plan or any action taken by the Committee pursuant to this Plan shall be
construed as giving an individual any right to be retained in the employ of the Company.
(d) The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund
or to make any other segregation of assets to assure the payment of any award under the Plan.
(e) The Plan may be amended, subject to the limits of Code Section 162(m), or terminated by the
Committee at any time. However, no amendment to the Plan shall be effective without prior approval of the
Company’s stockholders which would (i) increase the maximum amount that may be paid under the Plan to any
person, (ii) modify the business criteria on which the Performance Goals are to be based under the Plan, or
(iii) modify the requirements as to eligibility for participation in the Plan.
(f) Unless previously terminated, this Plan shall terminate on the date of the first stockholder meeting that
occurs in the fifth year following the year in which the Plan is approved by the Company’s stockholders.
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