Dollar General 2011 Annual Report Download - page 94

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Proxy
in accordance with the terms of the Company’s CDP/SERP Plan, as such Plan may be amended and/or
restated from time to time.
SECTION 6
AMENDMENTS
The Committee may amend the Plan at any time and from time to time, provided that no such
amendment that would require the consent of the shareholders of the Company pursuant to
Section 162(m) of the Code, NYSE listing rules or the Exchange Act, or any other applicable law, rule
or regulation, shall be effective without such consent. No amendment which adversely affects a
Participant’s rights to, or interest in, an Award granted prior to the date of the amendment shall be
effective unless the Participant shall have agreed thereto in writing.
SECTION 7
TERMINATION
The Committee may terminate this Plan at any time but in no event shall the termination of
the Plan adversely affect the rights of any Participant to a previously granted Award without such
Participant’s written consent.
SECTION 8
OTHER PROVISIONS
(a) No Executive or other person shall have any claim or right to be granted an Award
under this Plan until such Award is actually granted. Neither the establishment of this Plan, nor any
action taken hereunder, shall be construed as giving any Executive any right to be retained in the
employ of the Company. Nothing contained in this Plan shall limit the ability of the Company to make
payments or awards to Executives under any other plan, agreement or arrangement.
(b) The rights and benefits of a Participant hereunder are personal to the Participant and,
except for payments made following a Participant’s death, shall not be subject to any voluntary or
involuntary alienation, assignment, pledge, transfer, encumbrance, attachment, garnishment or other
disposition.
(c) Awards under this Plan shall not constitute compensation for the purpose of
determining participation or benefits under any other plan of the Company unless specifically included
as compensation in such plan.
(d) The Company shall have the right to deduct from Awards any taxes or other amounts
required to be withheld by law.
(e) All questions pertaining to the construction, regulation, validity and effect of the
provisions of the Plan shall be determined in accordance with the laws of the State of Tennessee
without regard to principles of conflict of laws.
(f) No member of the Committee or the Board, and no officer, employee or agent of the
Company shall be liable for any act or action hereunder, whether of commission or omission, taken by
any other member, or by any officer, agent, or employee, or, except in circumstances involving bad
faith, for anything done or omitted to be done in the administration of the Plan.
(g) The Plan is intended to comply with Section 409A of the Code and will be interpreted
in a manner intended to comply with Section 409A of the Code (‘‘Section 409A’’). Notwithstanding
anything herein to the contrary, if at the time of the Participant’s termination of employment with any
Service Recipient the Participant is a ‘‘specified employee’’ as defined in Section 409A, and the deferral
of the commencement of any payments or benefits otherwise payable hereunder as a result of such
B-4