UNITED NATURAL FOODS INC
For the period ended Aug 2, 2025. Filed Oct 1, 2025.
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FY2025 · Filed Oct 1, 2025
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Item 9B. Other Information
On September 25, 2025, the Compensation Committee adopted the United Natural Foods, Inc. Executive Severance Plan (the “Severance Plan”), which will provide severance payments and benefits to eligible employees of the Company (“Eligible Associates”) in connection with certain terminations of employment. The Severance Plan will become effective on October 24, 2025 (the “Effective Date”). Eligible Associates include each of the Named Executive Officers, as well as executive officers and certain other officers of the Company who had preexisting severance agreements in place. For executive officers and officers who are party to an existing severance agreement with the Company that expires after the Effective Date, such executive officer will become an Eligible Associate on the day immediately following the expiration date of the current severance agreement.
Under the Severance Plan, if the Company terminates an Eligible Associate’s employment without Cause (as defined in the Severance Plan) or such Eligible Associate resigns for Good Reason (as defined in the Severance Plan), in either case, other than in connection with or during the two-year period following a Change in Control, and subject to the effectiveness of a release in favor of the Company, (i) the Eligible Associate (other than the CEO) will continue to receive his or her base salary for one year, a lump sum cash payment equal to one time the Eligible Associate’s target bonus amount, a prorated portion of incentive compensation earned based on the number of days of service in the year and a lump sum cash payment of $35,000 for medical benefits and (ii) the CEO will continue to receive his or her base salary for two years, a lump sum cash payment equal to two times the CEO’s target bonus amount, a prorated portion of incentive compensation earned based on the number of days of service in the year and a lump sum cash payment of $70,000 for medical benefits.
The description above is a summary of the Severance Plan and is subject to and qualified in its entirety by the terms of the Severance Plan, a copy of which is filed herewith as Exhibit 10.39 and incorporated herein by reference.
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