Exhibit 10.20
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of this 2nd day of
February, 2007 by and between Rite Aid Corporation, a Delaware corporation (the “Company”) and Pierre
Legault (the “Executive”) and shall be effective as of the date set forth in Section 1(a) below.
WHEREAS, Executive understands that this Agreement is specifically contingent upon the closing of the
transaction between the Company and The Jean Coutu Group (PJC) Inc. relating to the acquisition of the Brooks
and Eckerd drugstore chains (such acquisition being referred to as, the “Transaction”). Subject to such closing,
Executive desires to provide the Company with his services and the Company desires to hire and employ
Executive on the terms and subject to the conditions set forth herein.
NOW, THEREFORE, in consideration of the mutual representations, warranties, covenants and
agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Company and Executive (individually a “Party” and together the “Parties”),
intending to be legally bound, agree as follows:
1. Effective Date and Term Of Employment .
(a) This Agreement shall be effective as of the date of (and subject to the occurrence of) the closing of the
Transaction contemplated by the Stock Purchase Agreement, dated as of August 23, 2006, between the
Company and The Jean Coutu Group (PJC) Inc, (the “Effective Date”). When the Effective Date has been
determined, the parties shall execute a memorandum to memorialize the same. In the event the Transaction is not
consummated for any reason, this Agreement shall be null and void.
(b) The term of Executive’s employment under this Agreement shall commence on the Effective Date and,
unless earlier terminated pursuant to Section 5 below, shall continue for a period ending on the date that is two
(2) years following the Effective Date (the “Original Term of Employment”). The Or