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Tractor Supply Announces New Benefits to Support Its Commitment to Team Members and Their Families

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  • Grants Special Appreciation Bonuses to Team Members in Stores and Distribution Centers

  • Unveils New Parental Leave Policy to Provide Six Weeks of Paid Leave for Eligible Team Members, Regardless of Gender

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retail chain in the United States, today announced a special appreciation bonus for Team Members in its stores and distribution centers, along with a new parental leave policy to support its Team Members and their families.

"Tractor Supply Team Members, who are at the heart of our relationship with our customers, have worked tirelessly during the pandemic to take care of each other and our customers," said Hal Lawton, Tractor Supply’s President and CEO. "We are honored to be able to recognize our store and distribution center Team Members who have stepped up to the challenges of this year and remained focused on serving the rural lifestyle we all love. Their dedication to living our Mission and Values every day has allowed Tractor Supply to support our customers and the communities we call home during the pandemic. Thank you to the entire Tractor Supply team for all you have accomplished this year."

Lawton continued, "At Tractor Supply, we continue to prioritize health and safety and make investments in resources and protocols to help protect our Team Members and our customers."

"We are committed to providing benefits that help our Team Members thrive at home and at work," said Melissa Kersey, Tractor Supply’s Executive Vice President, Chief Human Resources Officer. "Our new paid parental leave policy supports Tractor Supply’s commitment to going the country mile for our Team Members. We believe that family is incredibly important, and our new parental leave policy helps provide our Team Members the support they need as they welcome a new member to the family."

Team Member Bonuses and Pandemic Leave Policy

In recognition of the dedication of its Team Members, the Company is awarding a one-time special appreciation bonus of $300 to full-time Team Members and $150 to part-time Team Members at Tractor Supply and Petsense stores and distribution centers in recognition of their commitment to each other, customers and operations during the COVID-19 pandemic.

These special appreciation bonuses for the Company’s Team Members in stores and distribution centers are in addition to previous bonuses of $2 per hour paid from March to June 2020 and permanent compensation increases implemented effective June 28, 2020.

Entering 2021, the Company will continue paid sick leave for all Team Members affected by COVID-19. Team Members who self-report contagious, flu or COVID-19 symptoms that keep them out of work; are part of a mandated or self-imposed quarantine; are impacted by the temporary closing of a location due to the outbreak; or have a confirmed case of COVID-19, will continue to be paid during that time.

Paid Parental Leave to Support the Balance of Work and Family

Tractor Supply will offer six consecutive weeks of paid parental leave for Team Members to care for new family members entering the home. The paid parental leave is available to full-time Team Members regardless of gender or the way a new family member enters the home. The new policy takes effect February 1, 2021. Benefits are subject to Team Members meeting certain eligibility requirements.

Tractor Supply also provides many additional resources for working parents, including paid disability leave for maternity, adoption expense reimbursement, counseling and support through its Employee Assistance Program and nursing rooms at its Store Support Center.

Actions Taken in Response to COVID-19

As an essential, needs-based retailer, Tractor Supply is committed to taking care of its Team Members, customers and communities during the COVID-19 pandemic. The Company has taken extensive actions to ensure the health and safety of Team Members and customers all while supporting the local communities it serves. More information about these actions can be found here.

About Tractor Supply Company

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has been passionate about serving its unique niche, as a one-stop shop for recreational farmers, ranchers and all those who enjoy living the rural lifestyle, for more than 80 years. Tractor Supply offers an extensive mix of products necessary to care for home, land, pets and animals with a focus on product localization, exclusive brands and legendary customer service that addresses the needs of the Out Here lifestyle. With more than 40,000 Team Members, the Company leverages its physical store assets with digital capabilities to offer customers the convenience of purchasing products they need anytime, anywhere and any way they choose at the everyday low prices they deserve. At September 26, 2020, the Company operated 1,904 Tractor Supply stores in 49 states and an e-commerce website at www.TractorSupply.com.

Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At September 26, 2020, the Company operated 183 Petsense stores in 25 states. For more information on Petsense, visit www.Petsense.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201215005408/en/

Contacts

Tractor Supply Company
Contacts:
Mary Winn Pilkington (615) 440-4212