Jack In The Box 2013 Annual Report Download - page 91

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March 5, 2013
Mr. Tim Casey
Dear Tim:
Congratulations! This letter will confirm our offer to you for the position of Brand President of Qdoba Mexican Grill, a subsidiary
of Jack in the Box Inc. (the “Company”). You will be designated as an officer, subject to Board approval, and employee of Jack
in the Box Inc. As discussed, your effective start date will be Monday, March 25, 2013. As a matter of routine practice, our
offer is contingent upon completion of a successful background investigation. Below please find the specifics of our offer
regarding compensation, benefits and terms of employment.
Base Salary
You will receive a bi-weekly salary of $15,384.62, which is equivalent to an annual salary of $400,000.
Annual Incentive
As part of your compensation, you will be eligible to participate in the Executive Performance Incentive Plan for Executive
Management, based on fiscal year performance. For fiscal 2013, which began on October 1, 2012, you will be eligible to
receive a prorated incentive payment, if any. The annual incentive provides a targeted payout potential of 65% of base salary,
and a maximum of 130% of base salary. The actual incentive payout level achieved, if any, will be a function of financial and
strategic targets achieved by Qdoba Mexican Grill as a whole.
Stock Awards
Subject to Board approval, you will be eligible to receive a long-term incentive grant with a targeted grant guideline value of
$450,000. The grant consists of 50% in stock options, 30% in performance share units, and 20% in restricted stock units,
with shares subject to a holding requirement until termination of service (100% of after-tax net shares if your stock ownership
guideline is not met, or 50% of after-tax net shares if you have met your stock ownership guideline). Your stock ownership
guideline is 1x your base salary. All grants are awarded pursuant to the 2004 Stock Incentive Plan and grant agreement and
you can discuss further details with the Compensation & Benefits department.
Your rights under the Annual Performance Incentive Plan and the 2004 Stock Incentive Plan are subject to the specific terms
of the Plan and grant agreement, and your entitlement to rights under the Plans may be limited.
Allowances
You will receive an annual executive perquisite allowance of $45,700, which is paid on a bi-weekly basis and is intended to
defray expenses for financial planning, and the use of your personal automobile or cell phone for business purposes.