Jack In The Box 2010 Annual Report Download - page 82

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Exhibit 10.16.6
JACK IN THE BOX INC.
QDOBA UNIT AWARD
THIS AGREEMENT is made as of «DATE», 20<YR> between Jack in the Box Inc., a Delaware corporation (the “Company”), and «FULL_NAME»
(the “Awardee”).
RECITALS
The Compensation Committee (the “Committee”) of the Board of Directors of the Company has granted to the Awardee as of «Date», 20<YR>, this award
of Qdoba Restricted Units and/or Growth Units (collectively, the “Units”), on the terms and conditions set forth herein.
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. UNIT AWARD. The Committee hereby grants Restricted Units and/or Growth Units (the “Award”) to the Awardee on the terms and conditions set forth
herein.
(a) The Committee hereby grants «UNITS» Restricted Units.
(b) The Committee hereby grants «UNITS» Growth Units.
2. VESTING. Except as provided in Section 7 (Termination of Employment) or Section 9 (Terminating Transactions) of this Agreement, no portion of
this Award shall become vested at any time prior to the end of the Performance Period. The Award shall vest at the end of the Performance Period.
3. PERFORMANCE PERIOD. The performance period for this Award shall be the period that begins on «date» and ends on «date» (the “Performance
Period”).
4. VALUE OF UNITS.
(a) The “value” of a Restricted Unit on any vesting date shall be the Net Earnings of Qdoba on the date the Award vests divided by 1,000,000. The
Company has determined that the value of a Restricted Unit on the first date of the Performance Period applicable to this Award is <$Net earnings of
Qdoba on the first day of the 1st fiscal year in the Performance Period/1,000,000 units> .
(b) The “value” of a Growth Unit on any vesting date shall be equal to ( A) minus (B), where (A) equals the Net Earnings of Qdoba on the date the
Award vests divided by 1,000,000 (the “Growth Value”) and (B) equals the Net Earnings of Qdoba on the first date of the Performance Period divided by
1,000,000 (the “Base Value”). The value of a Growth Unit on the first date of the Performance Period applicable to this Award is $0. The Company has
determined that the Base Value of a Growth Unit on the first date of the Performance Period is <$Net earnings of Qdoba on the first day of the 1 st
fiscal year in the Performance Period/1,000,000 units> .
(c) In the event of a Termination of Employment under Section 7(c), the
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