In a regulatory filing earlier, Dollar Tree disclosed that on October 3, the compensation committee of the board of directors adopted a revised form of the company's change in control retention agreement for certain executive officers, including named executive officers, that provides for a severance payment to the executive officer under certain circumstances in the event of a termination of employment following a change in control of the company. The revisions to the original form of change in control retention agreement update the tax provisions applicable to severance payments under the agreement and make certain other non-material clarifying and technical changes, the company stated. Such alterations to "change in control" terms are sometimes pointed to as cause for increased speculation about M&A, The Fly notes. In late morning trading, Dollar Tree shares are up $1.23, or 1.5%, to $83.51.
