Foot Locker (FL)

Name

Position

Term of 2006
Agreement

Benefit Plans and Arrangements

Non-Compete
Provision

M. Serra

Chairman of the Board, President and Chief Executive Officer

The term of the 2006 Agreement began on October 1, 2006 and ends on January 30, 2010.

We will continue to pay Mr. Serra an annual base salary of not less than $1.5 million during the term of the agreement.
Mr. Serra’s annual bonus at target is 125 percent of his base salary and his bonus at target under the Long-Term Bonus Plan for any three-year performance period is 90 percent of his base salary at the beginning of the performance period. Provided that Mr. Serra remains employed by the Company through the end of the contract term, he will be eligible for a pro-rata payout under the Long-Term Bonus Plan for the 2008-2010 and 2009-2011 performance periods.

Two years following termination of
employment.

Mr. Serra is entitled to participate in all bonus, incentive and equity plans offered to senior executives. He is also eligible to participate in all pension, welfare, and fringe benefit plans and perquisites offered to senior executives. The benefits and perquisites available to Mr. Serra include:

–Company-paid life insurance in the amount of his annual base salary;

–Long-term disability insurance coverage of $25,000 per month;

–Annual out-of-pocket medical expense reimbursement of up to $20,000;

–Financial planning expenses of up to $7,500 annually;

–Reimbursement of dues and membership fees of one private club of up to $20,000 per year;

–Reimbursement of legal fees for the 2006 Agreement up to $15,000; and

–Automobile expense allowance of up to $40,000 annually and the provision of the services of a driver.

Although Mr. Serra is eligible for these perquisites under his agreement, Mr. Serra chose not to receive some of them in 2006.

Name

Position

Term

Benefit Plans and Arrangements

Non-Compete
Provision

R. Mina
R. Halls

Mina:

President and CEO– Foot Locker, Inc.–U.S.A.

Mina: May 1, 2008.
Halls: May 1, 2009

During the term of their agreements, the executives will be paid an annual salary at a rate not less than the salary in effect at the start of their agreements.

Two years following termination of employment.

Halls:

President and CEO–Foot Locker, Inc.–Int’l

Term of agreements automatically will be extended for another year unless notice of non-renewal is given.

Executives are entitled to participate in all benefit plans and arrangements in effect when they entered into their agreements, including retirement plans, annual and long-term bonus plans, medical, dental, and disability plans, and any other plans subsequently offered to senior executives of the Company.
Mr. Halls’ wife may accompany him on up to eight business trips each fiscal year at the Company’s expense.

G. Bahler
R. McHugh

Bahler:

Senior VP, General Counsel and Secretary

December 31, 2007
Term of agreements automatically will be extended for another year unless notice on non-renewal is given.

During the term of their agreements, the executives will be paid an annual salary at a rate not less than the salary in effect at the start of their agreements
Executives are entitled to participate in all benefit plans and arrangements in effect when they entered into their agreements, including retirement plans, annual and long-term bonus plans, medical, dental, and disability plans, and any other plans subsequently offered to senior executives of the Company.

One year following termination of employment.

McHugh:

Senior VP and CFO