EMPLOYMENT AGREEMENT





                  AGREEMENT, made and entered into as of the 2nd day of October,

2002, by and between THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC. (the

"Company"), and PETER JUEPTNER (the "Employee").



                               W I T N E S S E T H





                  WHEREAS, the Company and the Employee (the "Parties") have

agreed to enter into this agreement (the "Agreement) relating to the employment

of the Employee by the Company;



                  NOW, THEREFORE, in consideration of the premises and mutual

covenants contained herein and for other good and valuable consideration, the

Parties, intending to be legally bound, agree as follows:



1.       Term of Employment.

---------------------------



(a) The Company agrees to continue to employ the Employee, and the Employee

agrees to remain in the employment of the Company, in accordance with the terms

and provisions of this Agreement, for the period set forth below (the

"Employment Period").



(b) The Employment Period under this Agreement shall commence as of October 2,

2002 and, subject only to the provisions of Sections 7, 8 and 9 below relating

to termination of employment, shall continue until (i) the close of business on

October 1, 2005 or (ii) such later date as shall result from the operation of

subparagraph (c) below (the "Terminal Date").



(c) Commencing on April 2, 2004, and on the first business day of each month

thereafter (such date and each such first business day, the "Renewal Date") the

Terminal Date set forth in subparagraph (b) above shall be extended so as to

occur eighteen months from the Renewal Date unless either the Company or the

Employee shall have given written notice to the other Party on or before such

Renewal Date that the Terminal Date is not to be extended.



2.       Duties.

---------------



                  It is the intention of the Parties that during the term of his

employment under this Agreement, the Employee will serve as Senior Vice

President and Chief Strategy Officer of the Company. The Employee will devote

his full business time and attention to the affairs of the Company and his

duties as its Senior Vice President and Chief Strategy Officer. The Employee

will have such duties as are appropriate to his position as Senior Vice

President and Chief Strategy Officer, and will have such authority as required

to enable him to perform these duties. Consistent with the foregoing, the

Employee shall comply with all reasonable instructions of the Chairman of the

Board and Chief Executive Officer of the Company. The Employee will be based in

Montvale, New Jersey and his services will be rendered there except insofar as

travel may be involved in connection with his regular duties. The Employee will

report directly to the Chairman of the Board and Chief Executive Officer of the

Company.



3.       Salary and Bonus.

-------------------------



3.1 Salary. The Company will pay the Employee a base salary at an initial annual

rate of not less than Three Hundred Twenty Five Thousand Dollars ($325,000.00),

which base salary as in effect from time to time will not be reduced and will be

reviewed periodically (at intervals of not more than twelve (12) months) by the

Compensation Committee of the Board of Directors (the "Board") for the purpose

of considering increases thereof. In evaluating increases in the Employee's base

salary, the Compensation Committee of the Board will take into account such

factors as corporate performance, individual merit, and such other

considerations as it deems appropriate. The Employee's base salary will be paid

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC