EX-10.2
Petco Health & Wellness Company, Inc.
PETCO HEALTH AND WELLNESS COMPANY, INC.
AMENDED AND RESTATED EXECUTIVE SEVERANCE PLAN
1.
Purpose.The purpose of the Petco Health and Wellness Company, Inc. Amended and Restated Executive Severance Plan (the “Plan”) is to provide severance benefits to certain employees of Petco Health and Wellness Company, Inc. and its Affiliates (as defined below) in the event of a Qualifying Termination (as defined below). The Plan is maintained for the purpose of providing benefits for a select group of management or highly compensated employees.
2.
Term.The Plan was originally effective as of September 29, 2022, was amended and restated effective as of June 4, 2025, and was further amended and restated effective as of June 3, 2026 (the “Restatement Effective Date”). The Plan will remain in effect until terminated pursuant to Section 9.
3.
Definitions.
(a)
“Affiliate” means any entity in which the Company has a substantial direct or indirect equity interest.
(b)
…