RITE AID CORPORATION
1999 STOCK OPTION PLAN
(As amended on January 19, 2000)
The purposes of the 1999 Stock Option Plan of Rite Aid Corporation, (the "Plan") are to afford an incentive to
employees of Rite Aid Corporation (the "Company") or any Subsidiary or Affiliate that now exists or hereafter is
organized or acquired, to continue as employees to increase their efforts on behalf of the Company and to
promote the success of the Company's business. This Plan is designed to comply and conform with the
exemption for "broadly-based plans" as set forth in Section 312.03(a)(2) of the New York Stock Exchange
Listed Company Manual, as in effect as of the Effective Date, and shall be interpreted accordingly.
(a) "Affiliate" shall have the meaning set forth in Rule 12b-2 promulgated under Section 12 of the Exchange Act.
(b) "Board" means the Board of Directors of the Company.
(c) "Code" means the Internal Revenue Code of 1986, as amended from time to time.
(d) "Committee" means the Compensation Committee of the Board which shall administer the Plan.
(e) "Company" means Rite Aid Corporation, a corporation organized under the laws of the State of Delaware, or
any successor corporation.
(f) "Effective Date" means November 10, 1999.
(g) "Employee" means an Employee of the Company or any Subsidiary or Affiliate.
(h) "Exchange Act" shall mean the Securities Exchange Act of 1934, as amended from time to time.
(i) "Fair Market Value" means the fair market value of such Stock determined by such methods or procedures as
shall be established from time to time by the Committee. Unless otherwise determined by the Committee in good
faith, the per share Fair Market Value of Stock as of a particular date shall mean (i) the closing price per share of
Stock on such date on the national securities exchange on which the Stock is principally traded, or (ii) if the
shares of Stock are then traded in an over-the-counter market, the average of the closing bid and a