Exhibit 10.2
FIRST AMENDMENT TO EMPLOYMENT
AGREEMENT
THIS FIRST AMENDMENT TO EMPLOYMENT
AGREEMENT (this “ Amendment ”), effective as of
June 27, 2005, is entered into by and among PETCO ANIMAL SUPPLIES,
INC., a Delaware corporation (“ Parent ”), PETCO
ANIMAL SUPPLIES STORES, INC., a Delaware corporation (formerly
named PETCO Animal Supplies, Inc.) (the “ Operating
Company ”), and Brian K. Devine (“ Executive
”). Capitalized terms used but not otherwise defined herein
shall have the meanings ascribed to them in the Original Agreement
(as defined below). All Section, Exhibit and Annex references in
this Amendment are to Sections, Exhibits and Annexes of the
Original Agreement.
WHEREAS, the Operating Company and
Executive are parties to that certain Amended and Restated
Employment Agreement (the “ Original Agreement
”) effective as of October 2, 2000 (the “ Original
Effective Date ”).
WHEREAS, pursuant to an Agreement
and Plan of Reorganization dated as of January 13, 2005, the
Operating Company implemented a holding company form of
organizational structure (the “ Reorganization
”) by the merger of PETCO Merger Co., a Delaware corporation
and a wholly-owned subsidiary of Parent, with and into the
Operating Company, with the Operating Company being the surviving
corporation. As a result of the Reorganization, the Operating
Company became a direct, wholly-owned subsidiary of Parent and
ceased to be a publicly-traded company. Parent is now a
publicly-traded company on the Nasdaq National Market.
WHEREAS, the parties desire to amend
the Original Agreement as set forth below to reflect the
Reorganization and to add Parent as a party.
NOW, THEREFORE, in consideration of
the foregoing, the parties hereby amend the Original Agreement as
follows:
1. Referenc