Dollar Tree 2013 Annual Report Download - page 79

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63
Exhibit 10.51
POST-RETIREMENT BENEFITS AGREEMENT
This POST-RETIREMENT BENEFITS AGREEMENT (the “Agreement”) is made this 4th day of
November, 2013, by and between Dollar Tree, Inc., on behalf of itself and its affiliated companies (collectively
“Dollar Tree” or “Company”) and J. Douglas Perry (“Mr. Perry”).
WHEREAS, Mr. Perry has been actively involved in Dollar Tree’s business since its inception as a founder,
stockholder, officer, and director; and
WHEREAS, Mr. Perry has retired from active employment with Dollar Tree but continues to serve as a
director; and
WHEREAS, Dollar Tree desires to reward Mr. Perry for his past services by providing him with non-
discretionary retirement benefits that do not depend upon future service to Dollar Tree.
NOW, THEREFORE, in consideration of the premises and covenants contained herein, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Post-Retirement Benefits. In consideration of Mr. Perry’s past services to Dollar Tree, the Company
hereby agrees to
a. pay a post-retirement benefit to Mr. Perry in the gross amount of $30,000.00 per annum during his
lifetime. Such amount shall be paid in equal quarterly installments or as otherwise agreed upon
between the parties. Mr. Perry acknowledges that taxes including, without limitation, state and
federal income taxes, social security and Medicare, shall be withheld from this amount to the extent
required by law.
b. permit Mr. Perry and his spouse to be fully eligible to participate in the group health insurance
maintained by the Company, currently the Dollar Tree UnitedHealthcare Choice Plus Plan and any
successor insurance coverage that may be offered by the Company from time to time, so long as
Mr. Perry and/or his spouse pay the full cost of such insurance coverage on an after-tax basis.
Notwithstanding the foregoing, in the event that providing Mr. Perry and his spouse continued
eligibility under the Company's group health plan (the "continuation coverage") is determined to be
discriminatory pursuant to Section 105(h) of the Internal Revenue Code of 1986, as amended (the
"Code"), or Section 2716 to the Public Health Service Act or to otherwise violate applicable law,
then the parties shall use their best efforts to amend the Agreement such that the continuation
coverage is not discriminatory or complies with applicable law.
2. Termination. This Agreement may only be terminated by written agreement of Mr. Perry and Dollar Tree.
3. Successors in Interest. This Agreement shall be binding upon and shall inure to the benefit of any and all
successors and assigns of the Company. The rights and interests of Mr. Perry and his spouse under this
Agreement are personal and not assignable.