Jack In The Box 2009 Annual Report Download - page 81

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Exhibit 10.16.5
Version 08-2009
Option & Unit Agreement-2004 Plan
JACK IN THE BOX INC.
AWARD AGREEMENT
UNDER THE 2004 STOCK INCENTIVE PLAN
THIS AGREEMENT is made as of <<date>> between Jack in the Box Inc., a Delaware corporation (the “Company”), and
<<name>> (the “Awardee”).
RECITALS
The Compensation Committee (the “Committee”) of the Board of Directors of the Company which administers the Company’s
2004 Stock Incentive Plan (the “Plan”) has granted to the Awardee as of the date of this Agreement on the terms and conditions set
forth herein, a) an option (the “Option”) to purchase shares of the Common Stock of the Company, par value $0.01 per share (the
“Common Stock”), and b) an award of Performance Units (the “Unit Award”), collectively, the “Award.”
AGREEMENT
In consideration of the foregoing and of the mutual covenants set forth herein and other good and valuable consideration, the
parties hereto agree as follows:
1. CONSIDERATION. The Option and Unit Award have been granted in consideration of the Awardee’s continued employment
with the Company or its wholly owned subsidiaries and acceptance by the Awardee of the terms and conditions set forth below and
in the Plan.
II. OPTION AWARD
2.1 SHARES OPTIONED: OPTION PRICE. Awardee may purchase all or any part of an aggregate of <<#shares>> shares of
Common Stock, at the exercise price of $<<exercise price>> per share (the “Option Exercise Price”), which shall be not less than the
fair market value on the date hereof, on the terms and conditions set forth herein.
2.2 OPTION TERM: TIMES OF EXERCISE OR SALE. The Option shall terminate and no portion of the Option may be exercised in
whole or in part more than seven years after the date hereof.
This Option shall become exercisable as follows:
(1) One third on <<date>>.
(2) One third on <<date>>.
(3) One third on <<date>>.
2.3 EXERCISE DATES. Subject to the terms and conditions herein and in the Plan, the Option shall become exercisable, on each
of the dates and to the extent