Dollar General 2007 Annual Report Download - page 148
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146
perform services for that person which are substantially similar to those he or she
provided or directed at any time while employed by us.
• For 2 years after the employment termination date, the NEO may not actively recruit
or induce any of our exempt employees to cease employment with us.
• For 2 years after the employment termination date, the NEO may not solicit or
communicate with any person who has a business relationship with us and with
whom the NEO had contact while employed by us, if that contact would likely
interfere with our business relationships or result in an unfair competitive advantage
over us.
• The NEO may not engage in any communications to persons outside Dollar General
which disparages Dollar General or interferes with our existing or prospective
business relationships.
Voluntary Termination without Good Reason. If the NEO resigns without good reason,
he or she will forfeit all unvested equity grants and all vested options granted in connection with
the Merger. Rollover Options generally may be exercised for 3 months from the termination
date unless they expire earlier or unless we repurchase them at a per share price equal to the
lesser of (x) fair market value minus the exercise price and (y) the sum of base price and
applicable percentage minus the exercise price.
Payments Upon Involuntary Termination
The payments to be made to an NEO upon involuntary termination vary depending upon
whether termination is for or without "cause". For purposes of each NEO, "cause" generally
means (as more fully described in the applicable employment agreement):
• Attendance at work in a state of intoxication or in possession of any prohibited drug
or substance which would amount to a criminal offense;
• Assault or other act of violence;
• Any act involving fraud or dishonesty;
• Any material breach of any SEC or other law or regulation or any Dollar General
policy governing securities trading or inappropriate disclosure or "tipping";
• Any activity or public statement, other than as required by law, that prejudices Dollar
General or reduces our good name and standing or would bring Dollar General into
public contempt or ridicule; or
• Conviction of, or plea of guilty or nolo contendre to, any felony whatsoever or any
misdemeanor that would preclude employment under our hiring policy