EXHIBIT 10.60
J. C. PENNEY CORPORATION, INC.
2009 CHANGE IN CONTROL PLAN
Adopted Effective January 26, 2009
J. C. PENNEY CORPORATION, INC.
2009 CHANGE IN CONTROL PLAN
TABLE OF CONTENTS
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J. C. PENNEY CORPORATION, INC.
2009 CHANGE IN CONTROL PLAN
ARTICLE ONE
INTRODUCTION
The J.C. Penney Corporation, Inc. 2009 Change in Control Plan (the “Plan”) consists primarily of (i) severance benefits,
(ii) additional cash benefits after termination of employment to be paid outside of the Corporation’s non-qualified
retirement plans and (iii) a cash amount payable at Employment Termination equal to the Corporation’s cost of health and
welfare benefits the associate participated in immediately prior to the Change in Control. The purpose and intent of the
Plan is to attract and retain key associates and to improve associate productivity by reducing distractions resulting from a
potential Change in Control situation, all of which are in the best interest of the Corporation, and J.C. Penney Company,
Inc. and its stockholders.
Capitalized terms used throughout the Plan have the meanings set forth in Article Two except as otherwise defined in the
Plan, or the context clearly requires otherwise.
The Plan is intended to be a plan providing Severance Pay and certain other benefits following a Change in Control. The
Plan is intended to be a top hat plan for a select group of management or highly compensated executives, subject only to
the administration and enforcement provisions of ERISA. To the extent applicable, it is intended that portions of this Plan
either comply with or be exempt from the provisions of Code section 409A. This Plan shall be administered in a manner
consistent with this intent and any provision that would cause this Plan to fail to either comply with or be exempt from
Code section 409A, as the case may be, shall have no force and effect.
This document, including any Appendix hereto, and any documents incorporated by reference set forth the provisions of