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BJs RESTAURANTS Inc – ‘10-K’ for 1/1/13 – ‘EX-10.15’

On:  Monday, 2/25/13, at 5:00pm ET   ·   For:  1/1/13   ·   Accession #:  1193125-13-74282   ·   File #:  0-21423

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/25/13  BJs RESTAURANTS Inc               10-K        1/01/13   74:6.4M                                   Donnelley … Solutions/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    904K 
 2: EX-10.11    Material Contract                                   HTML     34K 
 3: EX-10.12    Material Contract                                   HTML     24K 
 4: EX-10.13    Material Contract                                   HTML     42K 
 5: EX-10.14    Material Contract                                   HTML     26K 
 6: EX-10.15    Material Contract                                   HTML     34K 
 7: EX-10.16    Material Contract                                   HTML     26K 
 8: EX-21       Subsidiaries List                                   HTML     20K 
 9: EX-23.1     Consent of Experts or Counsel                       HTML     25K 
10: EX-31       Certification -- §302 - SOA'02                      HTML     34K 
11: EX-32       Certification -- §906 - SOA'02                      HTML     23K 
52: R1          Document and Entity Information                     HTML     53K 
42: R2          Consolidated Balance Sheets                         HTML    129K 
50: R3          Consolidated Balance Sheets (Parenthetical)         HTML     41K 
54: R4          Consolidated Statements of Income                   HTML    111K 
69: R5          Consolidated Statements of Shareholders' Equity     HTML     69K 
44: R6          Consolidated Statements of Cash Flows               HTML    160K 
49: R7          The Company and Summary of Significant Accounting   HTML     64K 
                Policies                                                         
38: R8          Marketable Securities                               HTML     47K 
30: R9          Fair Value Measurement                              HTML     34K 
70: R10         Property and Equipment                              HTML     36K 
56: R11         Accrued Expenses                                    HTML     32K 
55: R12         Commitments and Contingencies                       HTML     35K 
60: R13         Long-Term Debt                                      HTML     24K 
61: R14         Shareholders' Equity                                HTML     34K 
59: R15         Income Taxes                                        HTML     72K 
62: R16         Stock-Based Compensation Plans                      HTML    101K 
51: R17         Team Member Benefit Plans                           HTML     32K 
53: R18         Related Party Transactions                          HTML     28K 
58: R19         Selected Consolidated Quarterly Financial Data      HTML     43K 
                (Unaudited)                                                      
74: R20         The Company and Summary of Significant Accounting   HTML    149K 
                Policies (Policies)                                              
65: R21         The Company and Summary of Significant Accounting   HTML     36K 
                Policies (Tables)                                                
46: R22         Marketable Securities (Tables)                      HTML     46K 
57: R23         Property and Equipment (Tables)                     HTML     34K 
48: R24         Accrued Expenses (Tables)                           HTML     32K 
24: R25         Commitments and Contingencies (Tables)              HTML     27K 
66: R26         Income Taxes (Tables)                               HTML     76K 
71: R27         Stock-Based Compensation Plans (Tables)             HTML    103K 
34: R28         Selected Consolidated Quarterly Financial Data      HTML     40K 
                (Unaudited) (Tables)                                             
33: R29         Company and Summary of Significant Accounting       HTML     57K 
                Policies - Additional Information (Detail)                       
36: R30         Estimated Useful Lives (Detail)                     HTML     31K 
37: R31         Reconciliation of Basic and Diluted Net Income Per  HTML     48K 
                Share Computations and Number of Dilutive                        
                Securities - Stock Options and Restricted Stock                  
                Units - Included in Dilutive Net Income Per Share                
                Computation (Detail)                                             
39: R32         Marketable Securities - Additional Information      HTML     26K 
                (Detail)                                                         
22: R33         Investments in Marketable Securities (Detail)       HTML     45K 
63: R34         Fair Value Measurement - Additional Information     HTML     27K 
                (Detail)                                                         
45: R35         Property and Equipment (Detail)                     HTML     43K 
47: R36         Accrued Expenses (Detail)                           HTML     62K 
27: R37         Commitments And Contingencies - Additional          HTML     49K 
                Information (Detail)                                             
73: R38         Future Minimum Annual Rent Payments Under           HTML     49K 
                Noncancelable Operating Leases (Detail)                          
18: R39         Long-Term Debt - Additional Information (Detail)    HTML     33K 
40: R40         Shareholders' Equity - Additional Information       HTML     30K 
                (Detail)                                                         
68: R41         Income Tax Expense (Benefit) (Detail)               HTML     60K 
26: R42         Provision for Income Taxes Differs from Amount      HTML     42K 
                that would Result from Applying Federal Statutory                
                Rate (Detail)                                                    
32: R43         Components of Deferred Income Tax Asset             HTML     80K 
                (Liability) (Detail)                                             
35: R44         Income Taxes - Additional Information (Detail)      HTML     40K 
43: R45         Reconciliation of Beginning and Ending Amount of    HTML     32K 
                Unrecognized Tax Benefits (Detail)                               
21: R46         Stock-Based Compensation Plans - Additional         HTML     59K 
                Information (Detail)                                             
29: R47         Information Related to Stock-Based Compensation     HTML     33K 
                (Detail)                                                         
20: R48         Black-Scholes Option-Pricing Model with Weighted    HTML     39K 
                Average Assumptions (Detail)                                     
67: R49         Summary of Stock Option Outstanding and             HTML     66K 
                Exercisable (Detail)                                             
25: R50         Information Relating to Significant Option Groups   HTML     50K 
                Outstanding (Detail)                                             
64: R51         Restricted Stock Unit Activity (Detail)             HTML     53K 
28: R52         Team Member Benefit Plans - Additional Information  HTML     33K 
                (Detail)                                                         
41: R53         Related Party Transactions - Additional             HTML     38K 
                Information (Detail)                                             
19: R54         Summarized Unaudited Consolidated Quarterly         HTML     45K 
                Financial Data (Detail)                                          
72: XML         IDEA XML File -- Filing Summary                      XML    106K 
31: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    734K 
12: EX-101.INS  XBRL Instance -- bjri-20130101                       XML   1.23M 
14: EX-101.CAL  XBRL Calculations -- bjri-20130101_cal               XML    209K 
15: EX-101.DEF  XBRL Definitions -- bjri-20130101_def                XML    798K 
16: EX-101.LAB  XBRL Labels -- bjri-20130101_lab                     XML   1.19M 
17: EX-101.PRE  XBRL Presentations -- bjri-20130101_pre              XML    913K 
13: EX-101.SCH  XBRL Schema -- bjri-20130101                         XSD    175K 
23: ZIP         XBRL Zipped Folder -- 0001193125-13-074282-xbrl      Zip    153K 


‘EX-10.15’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-10.15  

Exhibit 10.15

BJ’S RESTAURANTS, INC.

2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

(for Non-Employee Directors)

This Restricted Stock Unit Agreement (this “AGREEMENT”), is made and entered into on the execution date of the Restricted Stock Unit Certificate to which it is attached (the “CERTIFICATE”), by and between BJ’s Restaurants, Inc., a California corporation (the “COMPANY”), and the member of the Board of Directors of the Company (“GRANTEE”) named in the Certificate.

Pursuant to the BJ’s Restaurants, Inc. 2005 Equity Incentive Plan, as amended or restated from time to time (the “PLAN”), the administrator of the Plan (the “Administrator”) has authorized the grant to Grantee of restricted stock units (“RESTRICTED STOCK UNITS” or “AWARD”), upon the terms and subject to the conditions set forth in this Agreement and in the Plan. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Plan. ).

NOW, THEREFORE, in consideration of the premises and the benefits to be derived from the mutual observance of the covenants and promises contained herein and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

1. BASIS FOR AWARD. This Award is made in accordance with Section 11 of the Plan. The Grantee hereby receives as of the date hereof an Award of Restricted Stock Units pursuant to the terms of this Agreement (the “Grant”).

2. UNITS AWARDED.

(a) The Company hereby awards to the Grantee, Restricted Stock Units for the Hypothetical Number Of Shares set forth in the Certificate. Restricted Stock Units are hypothetical Common Stock units having a value equal to the Fair Market Value of an identical number of shares of the Company’s Common Stock. Each restricted stock unit represents a right to receive one share of Common Stock from the Company at the Payment Date set forth in the Certificate.

(b) The Company shall in accordance with the Plan establish and maintain a Restricted Stock Unit Account for the Grantee, and such account shall be credited for the number of Restricted Stock Units granted to the Grantee. The Restricted Stock Unit Account shall be credited for any securities or other property (including regular cash dividends) distributed by the Company in respect of its Common Stock. Any such property shall be subject to the same vesting schedule as the Restricted Stock Units to which they relate.

(c) Until the Restricted Stock Units awarded to the Grantee shall have vested and becomes payable on the Payment Date specified in the Certificate, the Restricted Stock Units and any related securities, cash dividends or other property nominally credited to a Restricted Stock Unit Account may not be sold, transferred, or otherwise disposed of and may not be pledged or otherwise hypothecated.

3. VESTING. The Restricted Stock Units covered by this Agreement shall vest subject to the Vesting Schedule and Criteria set forth in the Certificate. Unless the Certificate specifies a different vesting schedule, Restricted Stock Units covered by this Agreement shall vest in three equal installments on each of the first, second and third yearly anniversaries of the grant date. Upon the occurrence of a Change in Control, the Restricted Stock may become 100% vested as provided in the Plan. Notwithstanding anything to the contrary set forth in the Plan, if the Grantee ceases Active Status for any other reason or if the Grantee ceases to serve as a director, officer, or employee of the Company for reasons other than his or her Retirement or his or her death at a time during which he or she was eligible for Retirement, the unvested Restricted Stock Units shall be forfeited immediately.

4. PAYMENT. As soon as practicable after the Payment Date set forth in the Certificate, payment shall be made in shares of Common Stock. If the Certificate does not specify a Payment Date, the Payment Date shall be the Vesting Date. The Administrator shall cause a stock certificate to be delivered to the Grantee with respect to such


shares free of all restrictions hereunder, except for applicable federal securities laws restrictions. Any securities, cash dividends or other property credited to the Restricted Stock Unit Account other than Restricted Stock Units shall be paid in kind, or, in the discretion of the Administrator, in cash.

5. [Intentionally omitted]

6. COMPLIANCE WITH LAWS AND REGULATIONS. The issuance of Shares upon vesting of the Restricted Stock Units shall be subject to compliance by the Company and the Grantee with all applicable requirements of securities laws, other applicable laws and regulations of any stock exchange or interdealer quotation system on which the Common Stock may be listed at the time of such issuance or transfer. The Grantee understands that the Company is under no obligation to register or qualify the Shares with the Securities and Exchange Commission (“SEC”), any state securities commission or any stock exchange to effect such compliance.

7. TAX WITHHOLDING. The Grantee agrees that no later than the date as of which the Restricted Stock Units vest, the Grantee shall pay to the Company (in cash or to the extent permitted by the Administrator, Shares held by the Grantee whose Fair Market Value on the day preceding the date the Restricted Stock Units vests is equal to the amount of the Grantee’s tax withholding liability) any federal, state or local taxes of any kind required by law to be withheld, if any, with respect to the Restricted Stock Units for which the restrictions shall lapse (except that withholding of applicable income taxes will be deferred until delivery of such the shares of Common Stock underlying such Restricted Stock Units if Grantee elected to receive such shares at a time subsequent to vesting in accordance with the terms of the Certificate). Alternatively, the Company or its Affiliates shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to the Grantee (including payments due when the Restricted Stock Units vest) any federal, state or local taxes of any kind required by law to be withheld with respect to the shares of Restricted Stock Units.

8. SECTION 409A LIMITATION. It is the parties intention that this arrangement comply with Internal Revenue Code Section 409A. In the event the Administrator determines at any time that this Restricted Stock Unit constitutes “nonqualified deferred compensation” within the meaning of Section 409A of the Code, notwithstanding any provision of the Plan or this Agreement to the contrary, the Award shall satisfy the additional conditions applicable to nonqualified deferred compensation under Section 409A of the Code. Therefore, unless the parties explicitly agree that this provision is inapplicable, notwithstanding anything to the contrary in this or any other agreement:

(a) A deferral election or second election or change in the time or form of benefit payments that would violate Section 409A shall have no legal effect, and the Grantee shall have the right to receive the amount (and will be taxable on it) as if it had been paid when it would have been paid absent the illegal election. The Grantee promises to repay, with interest at the applicable federal rate, any amount paid prior to the specified Payment Date in violation of Section 409A.

(b) If the Company mistakenly defers more than the Grantee elected, the excess amount deferred shall be a nonelective Company deferral payable at the time and in the manner as the elected deferral. The Grantee hereby authorizes withholding the mistaken amount from his or her Award.

(c) If the Company mistakenly defers less than the Grantee elected, the deficiency shall be credited to the Grantee as soon as discovered. The Grantee’s Award thereafter shall be reduced (without adverse consequences to the Company) in a reasonable way specified by the Company to offset the cost of correcting the deficiency.

(d) In lieu of the foregoing, the Company unilaterally may take any other steps that will prevent any of the errors described above from violating Section 409A.

(e) Notwithstanding the foregoing, the Company shall have no liability to any Participant or any other person if the terms of this Award do not satisfy the additional conditions applicable to nonqualified deferred compensation under Section 409A of the Code and Section 8 of the Plan.

9. NONTRANSFERABILITY. This Award is not transferable except as specifically permitted pursuant to Section 7(e) of the Plan.


10. NO RIGHT TO CONTINUED SERVICE. Nothing in this Agreement shall be deemed by implication or otherwise to impose any limitation on any right of the Company or any of its Affiliates or its shareholders to terminate the Grantee’s Continuous Service at any time, in the absence of a specific written agreement to the contrary.

11. REPRESENTATIONS AND WARRANTIES OF GRANTEE. The Grantee represents and warrants to the Company that:

(a) Agrees to Terms of the Plan. The Grantee has received a copy of the Plan and has read and understands the terms of the Plan and this Agreement, and agrees to be bound by their terms and conditions. The Grantee acknowledges that there may be adverse tax consequences upon the vesting of Restricted Stock Units or thereafter if the Award is paid and the Grantee later disposes of the Shares, and that the Grantee should consult a tax advisor prior to such time.

(b) Cooperation. The Grantee agrees to sign such additional documentation as may reasonably be required from time to time by the Company.

12. ADJUSTMENT UPON CHANGES IN CAPITALIZATION. In the event of a change in capitalization of the Company as a result of events of the type described in Section 5 of the Plan, the Administrator may make appropriate adjustments to the number and class of shares relating to the Restricted Stock Units as it deems appropriate, in its sole discretion, to preserve the value of this Award. The Administrator’s adjustment shall be made in accordance with the provisions of Section 5 of the Plan and shall be effective and final, binding and conclusive for all purposes of the Plan and this Agreement.

13. GOVERNING LAW; MODIFICATION. This Agreement shall be governed by the laws of the State of California without regard to the conflict of law principles. The Agreement may not be modified except in writing signed by both parties.

14. DEFINED TERMS. Except as otherwise provided herein, or unless the context clearly indicates otherwise, capitalized terms used but not defined herein have the definitions as provided in the Plan. The terms and provisions of the Plan are incorporated herein by reference, and the Grantee hereby acknowledges receiving a copy of the Plan. In the event of a conflict or inconsistency between the discretionary terms and provisions of the Plan and the provisions of this Agreement, the Plan shall govern and control.

15. MISCELLANEOUS. The masculine pronoun shall be deemed to include the feminine, and the singular number shall be deemed to include the plural unless a different meaning is plainly required by the context.


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/25/133
For Period end:1/1/13ARS
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/27/24  BJs RESTAURANTS Inc.              10-K        1/02/24   73:9.6M                                   Donnelley … Solutions/FA
 2/28/23  BJs RESTAURANTS Inc.              10-K        1/03/23   79:13M                                    Donnelley … Solutions/FA
 2/25/22  BJs RESTAURANTS Inc.              10-K       12/28/21   78:12M                                    ActiveDisclosure/FA
 3/01/21  BJs RESTAURANTS Inc.              10-K       12/29/20   81:12M                                    ActiveDisclosure/FA
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Filing Submission 0001193125-13-074282   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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