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New words:
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accrued, adapt, adapted, adding, adjustment, Aggregator, application, arrangement, ASC, aspect, August, behavior, bore, borrowed, capitalizing, category, classified, cloud, component, computing, conversion, corporation, dedicated, deficit, Delaware, disposable, earliest, environment, evolving, exchanged, expired, exposure, extend, February, field, floating, founding, hand, highly, holder, home, implement, implementation, improved, leadership, length, limit, Measurement, monitored, notional, order, organizational, originally, owner, passionate, pay, payment, platform, policy, population, powered, precautionary, presence, recapitalization, reclassification, reclassified, recognizing, repayment, retrospectively, settled, shopping, situation, societal, Software, spent, spread, stabilized, state, staying, stockholder, striving, Subtopic, sum, team, therewith, trend, unsecured, variability, volatility
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Exhibit 10.5
Summary of Severance Benefits for John Zavada
In the event John Zavada experiences an involuntary, not-for-cause termination, according to the definition of such term used by Petco Health and Wellness Company, Inc. (the “Company”), the Company will provide Mr. Zavada a severance payment equal to twelve (12) months of his
base salary, subject to standard deductions and withholdings, and subject to his signing (and not revoking) a severance agreement and general release of claims in a form satisfactory to the Company.