EX-10.23



 Exhibit 10.23 

Grant Schedule 
  

			
	Grantee’s name:		[Grantee]
		
	Grant Date:		[Grant Date]
		
	 1.      Number of Restricted Stock Units granted:
		[# of RSUs]
		
	 2.      Vesting:
		
		
	 [Subject to the Grantee’s continued service to the Company

through the Vesting Date,100% of the Restricted Stock Units

will vest on the date of the Company’s next annual

stockholder meeting following the Grant Date.]
		

 [In the event of a Change in Control, all of the then unvested Restricted Stock Units will vest as of the date of such Change
in Control.] 
 [If the Grantee ceases to provide services to the Company as a result of: (i) his or her Disability, or (ii) his or her death, all
of the then unvested Restricted Stock Units will vest as of the date of such cessation of service.] 
 [Unless otherwise provided for above], if the
Grantee’s service to the Company ceases for any reason, any Restricted Stock Units that are then still subject to vesting conditions as of such date shall be immediately forfeited with no other compensation due to the Grantee. 

Notwithstanding the foregoing, no Restricted Stock Units subject to this Agreement shall vest unless the Grantee has complied with all applicable provisions
of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). If the Restricted Stock Units subject to this Agreement would have vested pursuant to this Agreement but did not vest solely because the Grantee was
not in compliance with all applicable provisions of the HSR Act, the Vesting Date and the Share issuance date for such Restricted Stock Units shall occur on the first date following the date on which such Restricted Stock Units would otherwise have
vested pursuant to this Agreement on which the Grantee has complied with all applicable provisions of the HSR Act. 
  

			
	BOJANGLES’, INC.
		
	By:		  

	Name:		
	Title:		
	
	DATED:             , 2015









 Award Agreement for 

Restricted Stock Units under the Bojangles’, Inc. 

Amended and Restated 2011 Equity Incentive Plan 

THIS AWARD AGREEMENT FOR RESTRICTED STOCK UNITS (this “Agreement”) is made by Bojangles’, Inc. (the
“Company”) to the participant named on the grant schedule attached hereto (the “Grantee”), dated as of the date set forth on the grant schedule attached hereto (the “Grant Date”). 

RECITALS 
 WHEREAS, the
Company desires to award Restricted Stock Units to the Grantee under the Bojangles’, Inc. Amended and Restated 2011 Equity Incentive Plan, as amended (the “Plan”), pursuant to the terms of this Agreement. 

NOW, THEREFORE, in consideration of these premises and the agreements set forth herein, the parties, intending to be legally bound hereby,
agree as follows: 
 1. Grant Schedule. Certain terms of the grant of Restricted Stock Units are set forth on the grant
schedule (the “Grant Schedule”) that is attached to, and is a part of, this Agreement. 
 2. Grant of Restricted Stock
Units. As of the Grant Date, pursuant to the Plan, the Company hereby awards to the Grantee the number of Restricted Stock Units set forth on the Grant Schedule (the “Award”), subject to the restrictions and on the terms and
conditions set forth in this Agreement and the Plan. The terms of the Plan are hereby incorporated into this Agreement by this reference, as though fully set forth herein. Capitalized terms used but not defined herein, including the Grant Schedule,
will have the same meaning as defined in the Plan. 
 3. Grant Date. The Grant Date of the Restricted Stock Units is set forth
on the Grant Schedule. 
 4. Vesting. Subject to the further provisions of this Agreement, the Restricted Stock Units will vest as
set forth on the Grant Schedule (the date on which Restricted Stock Units vest being referred to as the “Vesting Date”). 
 5.
Transferability. The Restricted Stock Units are not transferable or assignable otherwise than by will or by the laws of descent and distribution. Any attempt to transfer Restricted Stock Units, whether by transfer, pledge, hypothecation or
otherwise and whether voluntary or involuntary, by operation of law or otherwise, will not vest the transferee with any interest or right in or with respect to such Restricted Stock Units. 

6. Termination of Service. In the event of the Grantee’s termination of service with the Company that is a “separation from
service” within the meaning of section 409A of the Code and applicable Treasury Regulations issued under section 409A, all unvested Restricted Stock Units will vest or be forfeited according to the terms and conditions of the Grant Schedule. To
the extent compliance with the requirements of Treasury Regulation § 1.409A-3(i)(2) is necessary to avoid the application of an additional tax under section 409A of the Code 







 
to the issuance of Shares to the Grantee, then any issuance of Shares to the Grantee that would otherwise be made during the six-month period beginning on the date of such termination will be
deferred and delivered to the Grantee immediately following the lapse of such six-month period. 
 7. Issuance of Shares. 

a. Unless otherwise set forth on the Grant Schedule, within ten (10) business days following the Vesting Date [(including any accelerated
vesting date provided in the Grant Schedule)], the Company shall issue to the Grantee, either by book-entry registration or issuance of a stock certificate or certificates, a number of Shares equal to the number of Restricted Stock Units granted
hereunder that have vested as of such date. Any Shares issued to the Grantee hereunder shall be fully paid and non-assessable. 
 b. The
Company may require as a condition of the issuance of Shares, pursuant to Section 8(a) hereof, that the Grantee remit to the Company an amount sufficient in the opinion of the Company to satisfy any federal, state and other governmental tax
withholding requirements related to the issuance of such shares. The Committee, in its sole discretion, may permit the Grantee to satisfy such obligation by delivering shares of Common Stock or by directing the Company to withhold from delivery
shares of Common Stock, in either case valued at their Fair Market Value on the applicable issuance date, with fractional shares being settled in cash. 

c. The Grantee will not be deemed for any purpose to be, or have rights as, a stockholder of the Company by virtue of the grant of Restricted
Stock Units, until shares of Common Stock are issued in settlement of such Restricted Stock Units pursuant to Section 8(a) hereof. Upon the issuance of a stock certificate or the making of an appropriate book entry on the books of the transfer
agent, the Grantee will have all of the rights of a stockholder. 
 d. [If it is determined by the Committee that gross negligence,
intentional misconduct or fraud by Grantee caused or partially caused the Company to have to restate all or a portion of its financial statements, the Committee, in its sole discretion, may, to the extent permitted by law and to the extent it
determines in its sole judgment that it is in the best interests of the Company to do so, require repayment of Shares delivered pursuant to the vesting of the Restricted Stock Units, or to effect the cancellation of unvested Restricted Stock Units,
if (i) the vesting of the Award was calculated based upon, or contingent on, the achievement of financial or operating results that were the subject of or affected by the restatement, and (ii) the extent of vesting of the Award would have
been less had the financial statements been correct.] 
 8. Securities Matters. The Company shall be under no obligation to effect
the registration pursuant to the Securities Act of 1933, as amended (the “1933 Act”) of any interests in the Plan or any Shares to be issued thereunder or to effect similar compliance under any state laws. The Company shall not be
obligated to cause to be issued any Shares, whether by means of stock certificates or appropriate book entries, unless and until the Company is advised by its counsel that the issuance of such Shares is in compliance with all applicable laws,
regulations of governmental authority and the requirements of any securities exchange on which 







 
Shares are traded. The Committee may require, as a condition of the issuance of Shares pursuant to the terms hereof, that the recipient of such Shares make such covenants, agreements and
representations, and that any certificates bear such legends and any book entries be subject to such electronic coding or stop order, as the Committee, in its sole discretion, deems necessary or desirable. The Grantee specifically understands
and agrees that the Shares, if and when issued, may be “restricted securities,” as that term is defined in Rule 144 under the 1933 Act and, accordingly, the Grantee may be required to hold the shares indefinitely unless they are registered
under the 1933 Act or an exemption from such registration is available. 
 9. Delays or Omissions. No delay or omission to
exercise any right, power or remedy accruing to any party hereto upon any breach or default of any party under this Agreement, will impair any such right, power or remedy of such party, nor will it be construed to be a waiver of any such breach or
default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring, nor will any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any
waiver, permit, consent or approval of any kind or character by the of any breach or default under this Agreement, or any waiver on the part of any party or any provisions or conditions of this Agreement, must be in a writing signed by such party
and will be effective only to the extent specifically set forth in such writing. 
 10. Withholding. The Company reserves the right
to withhold, in accordance with any applicable laws, from any consideration payable or property transferable to Grantee any taxes required to be withheld by federal, state or local law as a result of the grant or vesting of this Award or other
disposition of the Shares. 
 11. Right of Discharge Preserved. The grant of Restricted Stock Units hereunder will not confer upon
the Grantee any right to continue in service with the Company or any of its subsidiaries or Affiliates. 
 12. The Plan. By
accepting this Award, the Grantee acknowledges that the Grantee has received a copy of the Plan, has read the Plan and is familiar with its terms, and accepts the Restricted Stock Units subject to all of the terms and provisions of the Plan, as
amended from time to time. Pursuant to the Plan, the Board or its Committee is authorized to interpret the Plan and to adopt rules and regulations not inconsistent with the Plan as it deems appropriate. By accepting this Award, the Grantee
acknowledges and agrees to accept as binding, conclusive and final all decisions or interpretations of the Board or its Committee upon any questions arising under the Plan. 

13. Governing Law. This Agreement and all claims or causes of action (whether in contract or tort) that may be based upon, arise
out of or relate to this Agreement or the negotiation, execution or performance of this Agreement (including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with this
Agreement or as an inducement to enter this Agreement) shall be governed by, and enforced in accordance with, the laws of the State of Delaware, without regard to the application of the principles of conflicts of laws. 

The Award is made by the Company as of the date stated in the introductory paragraph. 







 
			
	BOJANGLES’, INC.
		
	By:		  

	Name:		
	Title: