Buffalo Wild Wings 2006 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2006 Buffalo Wild Wings annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 77

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77

EXHIBIT 10.24
EXECUTIVE EMPLOYMENT AGREEMENT
This Employment Agreement (“Agreement”) is hereby entered into between Buffalo Wild Wings, Incorporated, a
Minnesota corporation (the “Company”) and Linda G. Traylor (“Executive”).
PREAMBLE
Executive has been employed as Senior Vice President, Human Resources of Buffalo Wild Wings, Inc., since
October 30, 2006. The Company desires to continue to have the benefit of Executive’ s experience and loyalty, and
Executive desires to provide services on the terms and conditions set forth below.
AGREEMENT
1. Definitions.
The following capitalized terms used in this Agreement shall be defined as follows:
Agreement shall mean this Agreement between the Company and Executive.
Base Salary shall mean the annual base salary payable to Executive pursuant to Section 4(a) hereof.
Board shall mean the Board of Directors of the Company.
Cause shall mean termination of the Executive’ s employment with the Company by the President because of (1)
gross misconduct, dishonesty or disloyalty; (2) willful and material breach of this Agreement by Executive; or (3) conviction
or entry of a plea of guilty or nolo contendere to any felony or to any misdemeanor involving fraud, misrepresentation or
theft.
Code shall mean the Internal Revenue Code of 1986, as amended from time to time.
Company shall mean Buffalo Wild Wings, Incorporated, a Minnesota corporation, any subsidiaries thereof, and any
Successors or assigns.
Company Business means the operation, management and franchising of sports-themed grill and bar restaurants,
including but not limited to food production and development, sports-themed grill and bar restaurant and franchise marketing,
management operations and any Confidential Information the Company either uses or intends to use in the operation,
management or franchising of such restaurants, or any other business either conducted by the Company or that the Company
is contemplating conducting as of the Date of Termination.
Competitive Business means any business which operates, manages or franchises other sports-themed grill and bar
restaurant businesses or any other business either conducted by the Company or that the Company is contemplating
conducting as of the Date of Termination.
Confidential Information means any information or compilation of information that Executive learns or develops
during the course of employment with the Company that derives independent economic value from not being generally
known, or readily ascertainable by proper means, by other persons who can obtain economic value from its disclosure or use.
It includes but is not limited to trade secrets, inventions, discoveries, and may relate to such matters as manufacturing
processes, management systems and techniques and sales and marketing plans and information.
Good Reason shall mean (1) a substantial reduction in the nature or status of Executive’ s responsibilities hereunder;
(2) a reduction by the Company in the Base Salary of Executive except to the extent permitted by this Agreement; (3) failure
by the Company to allow Executive to participate to the full extent in all plans, programs or benefits in accordance with this
Agreement; and (4) relocation of Executive’ s principal office more than 20 miles from its current location. Notwithstanding
66