EX-10.1



 Exhibit 10.1 

Execution Version 
 EMPLOYMENT
AGREEMENT 
 This Employment Agreement (this “Agreement”), executed on December 22, 2016 and effective as of January 1, 2017 (the
“Effective Date”), is entered into by Wingstop Inc., a Delaware corporation (the “Company”), and Charles R. Morrison, in his individual capacity (“Executive”), on the terms and conditions as follows: 

 

	Section 1.	TERM OF EMPLOYMENT 

 The Executive and Wingstop Restaurants Inc., a Texas corporation and subsidiary of
the Company (“WRI”), previously entered into an Employment Agreement effective as of June 25, 2012 (the “Prior Agreement”), which Prior Agreement terminates on June 25, 2017. The Company and the Executive desire to
continue the employment of the Executive upon the terms and conditions stated in this Agreement. The parties hereto expressly agree that as of the Effective Date, this Agreement will supersede the Prior Agreement, the Prior Agreement shall be
terminated, and all rights and obligations of the parties under the Prior Agreement shall terminate; provided, that the party’s rights and obligations relating to payment of bonuses for 2016 under the Prior Agreement remain in full force and
effect. Subject to the terms and conditions set forth in this Agreement, the Company agrees to continue to employ Executive and Executive agrees to continue to be employed by the Company for a term of three (3) years, starting on the Effective
Date and ending on the third anniversary thereof (the “Term”). 
  

	Section 2.	POSITION AND DUTIES AND RESPONSIBILITIES 

 (a) Position. Executive shall be the Company’s
President and Chief Executive Officer. Executive shall also serve as President and Chief Executive Officer of the Company’s subsidiaries Wingstop Holdings Inc. (“WHI”) and WRI. For purposes of this Agreement, “Affiliate”
shall mean a person or entity controlling, controlled by or under common control with the Company, including, but not limited to, WHI and WRI. 
 (b)
Duties and Responsibilities. During the Term, Executive shall serve as the Company’s President and Chief Executive Officer and shall devote all of Executive’s business time, skill and energies to promote the interests of the Company
and to serve such positions with the Company as may be reasonably assigned by the Board of Directors of the Company (the “Board”) consistent with the title of President and Chief Executive Officer of the Company. Executive will also serve
in such additional positions with WHI and WRI as may be reasonably assigned by the Boards of such companies. Executive shall undertake to perform all of Executive’s duties and responsibilities for the Company, WHI, WRI and any current
and/or future Affiliates of the Company in good faith and on a full-time basis and shall at all times act in good faith in the course of Executive’s employment under this Agreement in the best interests of the Company and its Affiliates.
Executive shall not directly or indirectly render any services of a business, commercial or professional nature to any other person or organization not related to the business of the Company or its Affiliates, whether for compensation or otherwise,
without the prior approval of the Board; provided, however, the Executive may serve on the board of directors of one for-profit corporation with the prior approval of the Board, and the Executive may serve as a director of not-for-profit
organizations or engage in other charitable, civic or educational activities, so long as the activities described in this proviso do not interfere with the Executive’s performance of his duties hereunder or result in any conflict of interest
with the Companies. 








	Section 3.	COMPENSATION AND BENEFITS 

 (a) Base Salary. During the Term, Executive’s base salary shall
be $628,500 per year (the “Base Salary”), starting as of the Effective Date (pro-rated for any partial year), which Base Salary shall be (i) payable in installments in accordance with the Company’s standard payroll practices and
policies, and (ii) subject to such withholding and other taxes as required by law or as otherwise permissible under such practices or policies. Annually during the Term, the Company shall review with the Executive his job performance and
compensation, and if deemed appropriate by the Board or the Compensation Committee of the Board (the “Committee”), in its or their discretion, the Executive’s Base Salary may be increased but not decreased. After any such increase,
the term “Base Salary” as used in this Agreement will thereafter refer to the increased amount. The Executive shall not receive additional compensation for service as a director on the Company’s Board or as a director of any Affiliate
of the Company (other than reimbursement of reasonable expenses). 
 (b) Employee Benefit Plans. During the Term, Executive is eligible to
participate in the employee benefit plans, programs and policies maintained by the Company in accordance with the terms and conditions of such plans, programs and policies as in effect from time to time. 

(c) Bonuses. Executive shall be eligible for an annual bonus (the “Annual Bonus”) with an annual target amount equal to 100% of Base Salary
(any such bonus amount to be pro-rated for any partial year). In addition, Executive shall be eligible for an annual outperform bonus (“Outperform Bonus”, together with the Annual Bonus, the “Bonuses”). The Committee shall
annually establish performance targets for the Outperform Bonus (any such bonus amount to be pro-rated for any partial year based on actual performance) that, if achieved, would result in aggregate annual Bonuses of 125% or 150% of Base Salary. The
Committee and/or the Board shall set targets with respect to and otherwise determine the Executive’s Bonuses in accordance with the Company’s then current incentive plans. Any such Bonuses shall be paid, if at all, no later than two and
one-half (2  1⁄2) months after the end of the year to which the bonus period relates. 

(d) Paid Time Off. Executive shall accrue up to twenty (20) days of paid time off on a pro rata basis during each successive one-year period in
the Term. Accrued paid time off shall be taken at such time or times in each such one-year period so as not to materially and adversely interfere with the business of the Company and in no event shall more than ten days of paid time off be taken
consecutively without approval by the Board. Executive shall have no right to carry over unused paid time off from any such one-year period to any other such one-year period or to receive any additional compensation in lieu of taking
Executive’s paid time off. 
 (e) Business Expenses. Executive shall be reimbursed for reasonable and appropriate business expenses incurred and
appropriately documented in connection with the performance of Executive’s duties and responsibilities under this Agreement in accordance with the Company’s expense reimbursement policies and procedures for its employees and
Section 7(c) herein. 

  
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 (f) Annual Equity Awards. 

(1) As part of Executive’s compensation, Executive may be granted restricted stock, restricted stock units or other forms of equity
compensation (the “Equity Awards”) in the future based upon Executive’s performance, as determined in the sole discretion of the Compensation Committee. For fiscal year 2017, Executive shall be granted an annual equity compensation
award with a fair value (determined in accordance with FASB ASC Topic 718) equal to or greater than $1,500,000. Equity compensation payable to Executive shall be reviewed and approved by the Compensation Committee on an annual basis. The
Compensation Committee intends to preserve a grant value of no less than $1,500,000 for each year during the Term, but reserves the right to increase or decrease the grant value based on all relevant facts and circumstances, including implications
for share usage and dilution. It is expected, but not guaranteed, that during the Term, Executive will receive annual equity compensation awards approximately commensurate in value to the equity compensation award for fiscal year 2017, subject to
the Compensation Committee’s satisfactory review of Executive’s performance for the prior fiscal, share availability under the Company’s shareholder-approved equity compensation plan year and such other factors as the Compensation
Committee may deem relevant. 
 (2) Equity Awards shall be subject to the terms of the Company’s 2015 Omnibus Equity Incentive Plan or
other applicable equity plan in effect from time to time (the “Stock Plan”) and related award agreement in a form determined by the Committee. Upon the terms and conditions established by the Committee or provided under the Stock Plan and
applicable award agreement, vesting of Equity Awards will accelerate if the Executive is terminated by the Company without cause or by the Executive for good reason within six (6) months prior to or two (2) years following the date of the
change in control of the Company. The Equity Awards shall be issued in lieu of, and not in addition to, any other annual equity award(s) granted to executive officers of the Company that would otherwise be granted to Executive. 

(g) Other Equity Awards. Executive agrees and acknowledges that the future grant of equity awards, if any, and the terms of any such equity awards
shall be subject to the discretion of the Committee and the Stock Plan and applicable award agreement(s). 
 (h) Compliance with Compensation and Equity
Policies. Executive agrees to comply with the Company’s stock ownership and equity retention policy and compensation recovery (or “clawback”) policy, each as in effect from time to time, with respect to annual or long-term
incentive or other compensation, as applicable, including the compensation provided pursuant to this Agreement. The terms of the Company’s stock ownership and equity retention policy and the compensation recovery policy, each as in effect from
time to time, are hereby incorporated by reference into this Agreement. 

  
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	Section 4.	TERMINATION OF EMPLOYMENT AND SEVERANCE 

 (a) Right of Termination. The Company shall have the
right to terminate Executive’s employment at any time, and Executive shall have the right to terminate his employment at any time, subject to the obligations and conditions contained herein. 

(b) Termination by the Company without Cause or by Executive with Good Reason. If (i) the Company terminates Executive without Cause (as defined
below), or (ii) Executive terminates for Good Reason (as defined below), then, upon Executive’s Termination of Employment (as defined below), Executive shall be entitled to the following (in lieu of any other severance benefits under any
of the Company employee benefit plans, programs or policies but in addition to benefits under Section 4(h)): (x) continuation of Executive’s Base Salary as in effect at the time of termination for a period of twenty-four
(24) months, payable in accordance with the Company’s normal payroll practices and subject to such withholding and other taxes as may be required or otherwise permissible under the Company’s practices or policies; (y) any unpaid
amounts in respect of Bonuses earned in the most recently completed year, which shall be paid within thirty (30) days of the Termination of Employment; and (z) pro-rated portions of the Bonuses that would otherwise be earned with respect
to the year in which the Termination of Employment occurred (based on actual Company performance for the entire year and pro-rated for the amount of the year Executive was employed by the Company), which shall be paid within two and one-half (2 1⁄2) months of the end of such year. The Company shall have no obligation to make any such payments or to provide the benefits contemplated by
Section 4(h) if (i) Executive violates any of the provisions of Section 6 of this Agreement, or (ii) Executive does not execute and deliver to the Company a general release in form and substance satisfactory to the Company of any
and all claims he may have against the Company, its Affiliates and former Affiliates within forty (40) days following Executive’s Termination of Employment, including a period of seven (7) days in which to revoke such general release.
Executive waives Executive’s rights, if any, to have the payments provided for under this Section 4(b) taken into account in computing any other benefits payable to, or on behalf of, Executive by the Company. Notwithstanding anything to
the contrary in this Agreement, if a change in control of the Company occurs (as defined in the principal Stock Plan in effect at the time of such termination), neither the Company nor any acquirer of the Company will have any obligation under
Section 3(f)(2) of this Agreement in connection with such change in control unless Executive’s employment is terminated without Cause or Executive terminates for Good Reason within six (6) months prior to or two (2) years
following such change in control. For the purposes of this Agreement, “Termination of Employment” means the date on which Executive’s “separation from service” occurs within the meaning of Code Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”). 
 (c) Termination by the Company for Cause or by Executive other than for Good
Reason. 
 (1) The Company shall have the right to terminate Executive’s employment at any time for Cause, and Executive shall have
the right to terminate at any time with or without Good Reason. 
 (2) If the Company terminates Executive’s employment for Cause or
Executive terminates other than for Good Reason, the Company’s only obligation to Executive 

  
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under this Agreement (except as provided under Section 4(g)) shall be to pay upon Executive’s Termination of Employment Executive’s Base Salary under Section 3(a) that he
actually earned up to the date of Executive’s Termination of Employment plus any Bonus earned in the previous year and not already paid. Such payments shall be made within sixty (60) days following the date of Executive’s Termination
of Employment. 
 (d) Cause. “Cause” shall exist if Executive (i) is convicted of, or pleads guilty or nolo contendere to, a felony
or, (ii) in the good faith determination of the Board, (a) engages in gross neglect or misconduct; (b) breaches Executive’s duties to the Company or an Affiliate; (c) otherwise breaches in any material respect any provision
of this Agreement or any other agreement between Executive and the Company or an Affiliate; (d) engages in any activity or behavior, including substance abuse, that is or determined is likely to be harmful to the property, business, goodwill,
or reputation of the Company or an Affiliate; or (e) commits theft, larceny, embezzlement, fraud, any acts of dishonesty, illegality, moral turpitude, insubordination, or mismanagement; provided, however, that Executive may not be terminated
for “Cause” under (ii)(c) above unless Executive fails to cure any such breach (if the Board determines that it is curable) to the good faith satisfaction of the Board within ten (10) days after notice of the breach; and provided
further, that Executive shall only be entitled to one such opportunity to cure under this Agreement. 
 (e) Good Reason. “Good Reason”
means, without the express written consent of Executive, termination of the Executive’s employment due to (i) a material reduction in Executive’s Base Salary as provided in Section 3(a) of this Agreement or a material reduction
in the Executive’s Bonus opportunity as provided in Section 3(c) of this Agreement, other than a reduction of either Base Salary or Bonus opportunity which is generally applicable to all executives of the Company, (ii) a material
diminution in the Executive’s title, duties, position or responsibilities, including the Executive ceasing to serve as the Company’s most senior executive officer or (iii) the Company’s requiring Executive to move
Executive’s primary place of employment more than 50 miles from the Dallas, Texas metropolitan area if such move materially increases Executive’s commute; provided, however, that no act or omission described in clauses (i) through
(iii) shall be treated as “Good Reason” under this Agreement unless (1) Executive delivers to the Company a written notice of the basis for Executive’s belief that Good Reason exists, (2) Executive gives the Company
thirty (30) days after the delivery of such notice to cure the basis for such belief, and (3) Executive actually terminates employment no later than the end of the five (5)-day period which begins immediately after the end of such thirty
(30)-day period if Good Reason continues to exist after the end of such thirty (30)-day period. 
 (f) Termination for Disability or Death. 

(1) Disability. The Company may terminate the Executive’s employment if Executive is unable to substantially perform
Executive’s duties and responsibilities hereunder to the full extent required by the Board by reason of a Permanent Disability, as defined below. Executive shall, upon his Termination of Employment by reason of a Permanent Disability, be
entitled to the following: (i) payment in the amount and at the time contemplated by Section 4(b)(z); (ii) any other amounts earned, including, if applicable, earned but unpaid Base Salary, accrued or owing but not yet paid, within
sixty (60) days following the date of Executive’s Termination of Employment; and (iii)

  
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continued participation, in accordance with the terms of such plans, in those employee welfare benefit plans in which Executive was participating on the date of termination which, by their terms,
permit a former employee to participate. In such event, the Company shall have no further liability or obligation to Executive for compensation under this Agreement. Executive agrees, in the event of a dispute under this Section 4(f)(1), to
submit to a physical examination by a licensed physician selected by the Board or the Committee. For purposes of this Agreement, “Permanent Disability” has the same meaning as for purposes of the Company’s permanent disability
insurance policies which now or hereafter cover the permanent disability of Executive or, in absence of such policies, means the inability of Executive to work in a customary day-to-day capacity for six (6) consecutive months or for six
(6) months within a twelve (12) month period, as determined by the Board or the Committee. 
 (2) Death. The Term shall
terminate in the event of Executive’s death. In such event, the Company shall provide to Executive’s executors, legal representatives or administrators, as applicable, payment in the amount and at the time contemplated by
Section 4(b)(z). In addition, Executive’s estate shall be entitled to (i) any other amounts earned, including, if applicable, earned but unpaid Base Salary, accrued or owing but not yet paid, within sixty (60) days of the date of
Executive’s termination of employment; and (ii) any other benefits to which Executive is entitled in accordance with the terms of the applicable plans and programs of the Company. The Company shall have no further liability or obligation
under this Agreement to Executive’s executors, legal representatives, administrators, heirs or assigns or any other person claiming under or through Executive. 

(g) Benefits at Termination of Employment. Executive will have, upon termination of his employment, the right to receive any benefits payable under the
Company’s employee benefit plans, programs and policies that Executive otherwise has a nonforfeitable right to receive under the terms of such plans, programs and policies (other than severance benefits), independent of Executive’s rights
under this Agreement. 
 (h) Other Severance Benefits. If the Executive terminates employment as specified in Section 4(b) or 4(f)(1), the
Executive and his covered dependents shall be entitled to continue to participate in the Company’s health care plan as if he were an still active employee for up to twenty-four (24) months following the date his Termination of Employment
(the “Continuation Coverage Period”). During the Continuation Coverage Period, the Company will continue to pay on behalf of the Executive that portion of the monthly premium it pays on behalf of active employees for the same level of
coverage elected by the Executive. Notwithstanding the foregoing, if the Company’s payment of monthly premiums on behalf of the Executive under this Section 4(h) would violate the nondiscrimination rules applicable to non-grandfathered
plans under applicable law, or result in the imposition of penalties under applicable law, or the coverage of the Executive and his dependents under the Company’s health care plan would violate the terms thereof, the parties agree to reform
this Section 4(h) in a manner as is necessary to comply with applicable law and the terms of the Company’s health care plan. 

  
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	Section 5.	SECTION 280G 

 (a) Notwithstanding any other provision of this Agreement or any other plan, arrangement
or agreement to the contrary, if any of the payments or benefits provided or to be provided by the Company or its Affiliates to the Executive or for the Executive’s benefit pursuant to the terms of this Agreement or otherwise (“Covered
Payments”) constitute parachute payments (“Parachute Payments”) within the meaning of Section 280G of the Code and would, but for this Section 5 be subject to the excise tax imposed under Section 4999 of the Code (or
any successor provision thereto) or any similar tax imposed by state or local law or any interest or penalties with respect to such taxes (collectively, the “Excise Tax”), then prior to making the Covered Payments, a calculation shall be
made comparing (i) the Net Benefit (as defined below) to the Executive of the Covered Payments after payment of the Excise Tax to (ii) the Net Benefit to the Executive if the Covered Payments are limited to the extent necessary to avoid
being subject to the Excise Tax. Only if the amount calculated under (i) above is less than the amount under (ii) above will the Covered Payments be reduced to the minimum extent necessary to ensure that no portion of the Covered Payments
is subject to the Excise Tax (that amount, the “Reduced Amount”). “Net Benefit” shall mean the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes. Any
such reduction shall be made by the Company in its sole discretion consistent with the requirements of Code Section 409A. 
  

	Section 6.	COVENANTS BY EXECUTIVE 

 (a) The Company’s Property. 

(1) Executive, upon the termination of Executive’s employment for any reason or, if earlier, upon the Company request, shall promptly
return all “Property” that had been entrusted or made available to Executive by the Company. 
 (2) The term “Property”
means all records, files, memoranda, reports, price lists, customer lists, drawings, plans, sketches, keys, codes, computer hardware and software and other property of any kind or description prepared, used or possessed by Executive during
Executive’s employment by the Company (and any duplicates of any such property) together with any and all information, ideas, concepts, discoveries, and inventions and the like conceived, made, developed or acquired at any time by Executive
individually or with others during Executive’s employment that relate to the Company business, products or services. 
 (b) Trade Secrets. 

(1) Executive agrees that Executive will hold in a fiduciary capacity for the benefit of the Company and will not directly or indirectly use or
disclose, other than when required to do so in good faith to perform Executive’s duties and responsibilities, any “Trade Secret” that Executive may have acquired during the term of Executive’s employment by the Company for so
long as such information remains a Trade Secret, unless Executive is required to do so by a lawful order of a court of competent jurisdiction, any governmental authority, or agency, or any recognized subpoena; provided, however, that before making
any disclosure of a Trade Secret pursuant to a such an order or subpoena, Executive will 

  
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provide notice of such order or subpoena to the Company to permit the Company to challenge such order or subpoena if the Company, in its sole discretion and at its expense, desires to challenge
such order or subpoena or to seek a protective order preventing further disclosure of the Trade Secret. 
 (2) The term “Trade
Secret” means information, without regard to form, including technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans,
or a list of actual or potential customers or suppliers that are not commonly known or available to the public and which information (i) derives economic value, actual or potential, from not being generally known to, and not being generally
readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use and (ii) is the subject of reasonable efforts by the Company to maintain its secrecy. 

(3) This Section 6(b) and Section 6(c) are intended to provide rights to the Company that are in addition to, not in lieu of, those
rights the Company has under the common law or applicable statutes for the protection of trade secrets and Confidential Information (as defined below in Section 6(c)(2). 

(4) Executive acknowledges and agrees that the Company will prosecute any non-confidential disclosure or misappropriation of the Company’s
Trade Secrets to full extent allowed by federal, state, and common law. Executive further acknowledges and agrees that Executive has received and understands the following notice concerning immunity from liability for confidential disclosure of a
trade secret to the government or in a court filing: Pursuant to the Defend Trade Secrets Act, 18 U.S.C. § 1833, an individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of
a trade secret that is made (i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law, or
(ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Further, an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may
disclose the employer’s trade secrets to the attorney and use the trade secret information in the court proceeding if the individual: (i) files any document containing the trade secret under seal; and (ii) does not disclose the trade
secret, except pursuant to court order. 
 (c) Confidential Information. 

(1) Executive while employed by the Company and after termination of such employment for any reason shall, for so long as the information
remains Confidential Information, hold in a fiduciary capacity for the benefit of the Company and shall not directly or indirectly use or disclose, other than when required to do so in good faith to perform Executive’s duties and
responsibilities, any “Confidential Information” that Executive may have acquired (whether or not developed or compiled by Executive and whether or not Executive is authorized to have access to such information) during the term of, and in
the course of, or as a result of Executive’s employment by the Company 

  
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unless Executive is required to do so by a lawful order of a court of competent jurisdiction, any governmental authority, or agency, or any recognized subpoena; provided, however, that before
making any disclosure of a Confidential Information pursuant to a such an order or subpoena, Executive will provide notice of such order or subpoena to the Company to permit the Company to challenge such order or subpoena if the Company, in its sole
discretion and at its expense, desires to challenge such order or subpoena or to seek a protective order preventing further disclosure of the Confidential Information. 

(2) The term “Confidential Information” means any secret, confidential or proprietary information possessed by the Company relating
to its businesses that is or has been disclosed to Executive or of which Executive becomes aware as a consequence of or through Executive’s relationship with the Company, and is not generally known to the Company’s competitors, including
customer lists, details of client or consultant contracts, current and anticipated customer requirements, pricing policies, price lists, market studies, business plans, licensing strategies, advertising campaigns, operational methods, marketing
plans or strategies, product development techniques or flaws, computer software programs (including object code and source code), data and documentation, data base technologies, systems, structures and architectures, inventions and ideas, past,
current and planned research and development, compilations, devices, methods, techniques, processes, financial information and data, employee compensation information, business acquisition plans and new personnel acquisition plans, which are not
otherwise included in the definition of a Trade Secret under this Agreement. Confidential Information shall not include any information that has been voluntarily disclosed to the public by the Company (except where such public disclosure has been
made by the Executive without authorization) or that has been independently developed and disclosed by others, or that otherwise enters the public domain through lawful means. 

(d) Protected Rights. Nothing in this Agreement prohibits Executive from reporting possible violations of federal law or regulation to any governmental
agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, the Congress and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of
federal law and regulation, Executive does not need the prior authorization of the Company to make any such reports or disclosures, and Executive is not required to notify the Company that he or she has made such reports or disclosures; and
(iii) the Agreement does not limit Executive’s right to receive an award for providing information relating to a possible securities law violation to the Securities and Exchange Commission. 

(e) Ownership of Work Product. 
 (1)
Executive acknowledges and agrees that Executive will be employed by the Company in a position that could provide the opportunity for conceiving and/or reducing to practice developments, discoveries, methods, processes, designs, inventions, ideas,
or improvements (hereinafter collectively called “Work Product”). Accordingly, Executive agrees to promptly report and disclose to the Company in writing all Work Product conceived, made, implemented, or reduced to practice by Executive,
whether alone or acting with others, during Executive’s employment by the Company. Executive 

  
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acknowledges and agrees that all Work Product is the sole and exclusive property of the Company. Executive agrees to assign, and hereby automatically assigns, without further consideration, to
the Company any and all rights, title, and interest in and to all Work Product; provided, however, that this Section 6(e)(1) shall not apply to any Work Product for which no equipment, supplies, facilities, or trade secret information of the
Company was used and that was developed entirely on Executive’s own time, unless the Work Product (i) relates directly or indirectly to the Company’s business or its actual or demonstrably anticipated research or development, or
(ii) results from any work performed by Executive for the Company. The Company, its successors and assigns, shall have the right to obtain and hold in its or their own name copyright registrations, trademark registrations, patents and any other
protection available to the Work Product. 
 (2) Executive agrees to perform, upon the reasonable request of the Company, such further acts
as may be reasonably necessary or desirable to transfer, perfect, and defend the Company’s ownership of the Work Product, including (i) executing, acknowledging and delivering any requested affidavits and documents of assignment and
conveyance, (ii) assisting in the preparation, prosecution, procurement, maintenance and enforcement of all copyrights and/or patents with respect to the Work Product in any countries, (iii) providing testimony in connection with any
proceeding affecting the right, title or interest of the Company in any Work Product, and (iv) performing any other acts deemed necessary or desirable to carry out the purposes of this Agreement. The Company shall reimburse all reasonable
out-of-pocket expenses incurred by Executive at the Company’s request in connection with the foregoing. 
 (f) Non-Competition;
Non-Solicitation. 
 (1) While employed by the Company and for twenty-four (24) months following termination of Executive’s
employment for any reason, Executive will not, whether as an employee, consultant, advisor, independent contractor, or in any other capacity, provide management or executive services, similar to those that Executive provided to the Company or its
Affiliates at any time during the last twenty-four (24) months of Executive’s employment with the Company, to or on behalf of any Competing Business in the Territory regardless of where Executive is physically located. For purposes of this
Agreement, the term “Territory” means (i) the United States and (ii) any nation in the world in which the Company operates, has franchises or company stores or restaurants, or has an executed development, operation or franchise
agreement as of the last date of Executive’s employment with the Company. For the purposes of this Agreement, the term “Competing Business” means any business that (i) owns, operates, develops or franchises a restaurant (whether
dine-in, take-out, home delivery or otherwise) or related business which derives 20% or more of its gross revenues from the sale of any combination of chicken wings, boneless chicken wings, chicken strips and any other chicken product sold at a
Wingstop location, and (ii) operates in any state in the United States or in any nation in the world in which the Company has a franchised location or is operating a company restaurant or store (or has an executed development, operating or
franchise agreement) as of the last date of Executive’s employment. Executive acknowledges and agrees that the Territory identified in this Section 6(f)(1) is the geographic area in or as to which he is expected to perform services or have


  
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responsibilities for the Company and its Affiliates by being actively engaged as a member of the Company’s management team as President and Chief Executive Officer during his employment with
the Company. 
 (2) The foregoing restrictions shall not be construed to prohibit the ownership by Executive of less than one percent
(1%) of any class of securities of any company which is a Competing Business or having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended, provided that such ownership represents a passive investment
and that neither Executive nor any group of persons including Executive in any way, either directly or indirectly, manages or exercises control of any such company, guarantees any of its financial obligations, consults with, advises, or otherwise
takes any part in its business, other than exercising Executive’s rights as a shareholder, or seeks to do any of the foregoing. 
 (3)
While employed by the Company and for two (2) years following termination of Executive’s employment for any reason, Executive shall not, on his own behalf or on behalf of any person, firm, partnership, association, corporation or business
organization, entity or enterprise, directly or indirectly solicit or attempt to solicit, with a view to or for the purpose of competing with the Company or its Affiliates in any Competing Business, any customers or franchisees of the Company or its
Affiliates with whom Executive had or made contact in the course of Executive’s employment by the Company. 
 (4) While employed by the
Company and for two (2) years following termination of Executive’s employment for any reason, Executive will not, directly or indirectly, (i) solicit or attempt to solicit any potential franchisee with whom Executive had material
contact in the course of Executive’s employment with the Company to enter into a franchise agreement with any other person, firm or entity of a type generally similar to or competitive with the franchise arrangements of the Company, or
(ii) encourage any franchisee to terminate its franchise relationship with the Company. 
 (5) While employed by the Company and for two
(2) years following termination of Executive’s employment for any reason, Executive shall not, on his own behalf or on behalf of any person, firm, partnership, association, corporation or business organization, entity or enterprise,
directly or indirectly, hire, or solicit or attempt to solicit any officer or employee of the Company or its Affiliates with whom Executive had contact in the course of Executive’s employment with the Company to terminate or reduce his or her
employment with the Company or its Affiliates and shall not assist any other person or entity in such a solicitation. 
 (6) In return for
Executive’s obligations and undertakings pursuant to this Agreement, including the obligations set forth in Section 6, the Company promises to provide Executive with certain of its trade secrets and/or confidential information, and to
provide Executive with specialized instruction and training, to the extent such instruction, training, confidential information and/or trade secrets are necessary for Executive to perform his duties for the Company. Executive agrees that these
promises, in addition to his employment or continued employment with the Company, and the other promises and benefits contained herein are sufficient consideration for his entering into this Agreement. 

  
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 (g) Non-Disparagement. Executive will not make any statement, written or verbal, to any person or entity,
including in any forum or media, or take any action, in disparagement of the Company, the Board, or any of their respective current, former or future Affiliates, or any current, former or future shareholders, partners, managers, members, officers,
directors, employees, franchisors or franchisees of any of the foregoing (each, a “Company Party”), including negative references to or about any Company Party’s services, policies, practices, documents, methods of doing business,
strategies, objectives, shareholders, partners, managers, members, officers, directors, or employees, or take any other action that may disparage any Company Party to the general public and/or any Company Party’s officers, directors, employees,
clients, franchisees, potential franchisees, suppliers, investors, potential investors, business partners or potential business partners. Former Affiliates are third party beneficiaries of Executive’s obligations under this Section 6(g).

 (h) Cooperation. Executive will cooperate with all reasonable requests by the Company (or any Affiliate of the Company) at the Company’s
reasonable expense for assistance in connection with any matters involving the Company (or any Affiliate of the Company), including by providing truthful testimony in person in any legal proceedings without having to be subpoenaed. 

(i) Reasonable and Continuing Obligations. Executive agrees that Executive’s obligations under this Section 6 are obligations that will
continue beyond the date Executive’s employment with the Company terminates, regardless of the reason for such termination, and that such obligations are reasonable and necessary to protect the Company’s legitimate business interests. In
addition, the Company shall have the right to take such other action as the Company deems necessary or appropriate to compel compliance with the provisions of this Section 6, including, but in no way limited to, seeking injunctive relief. 

(j) Remedy for Breach. Executive agrees that the remedies at law of the Company for any actual or threatened breach by Executive of the covenants in
this Section 6 would be inadequate and that the Company shall be entitled to specific performance of the covenants in this Section 6, including entry of an ex parte, temporary restraining order in state or federal court, preliminary and
permanent injunctive relief against activities in violation of this Section 6, or both, or other appropriate judicial remedy, writ or order, in each case without the necessity of the Company posting a bond, in addition to any damages and legal
expenses that the Company may be legally entitled to recover. Executive acknowledges and agrees that the covenants in this Section 6 shall be construed as agreements independent of any other provision of this or any other agreement between the
Company and Executive, and that the existence of any claim or cause of action by Executive against the Company, whether predicated upon this Agreement or any other agreement, shall not constitute a defense to the enforcement by the Company of such
covenants. 
  

	Section 7.	SECTION 409A MATTERS 

 (a) Notwithstanding any other provision in this Agreement to the contrary, if and
to the extent that Code Section 409A is deemed to apply to any benefit under this Agreement, it is the general intention of the Company that such benefits shall, to the extent practicable, comply with, or be exempt from, Code Section 409A,
and this Agreement shall, to the extent practicable, be construed in accordance therewith. Deferrals of benefits distributable pursuant to this Agreement that are otherwise exempt from Code Section 409A in a manner that would cause Code
Section 409A to apply shall not be permitted unless such deferrals are in compliance with or otherwise exempt from Code Section 409A. 

  
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 (b) Notwithstanding any other provision of this Agreement, no payments shall be made and no benefits shall be
provided under this Agreement as a result of Executive’s termination of employment unless Executive has a “separation from service” within the meaning of Code Section 409A in connection with such termination of employment, and
Executive and the Company acknowledge and agree that a “separation from service” may come before, after or coincide with any such termination of employment and that the payments otherwise to be made at a termination of employment and that
the benefits otherwise to be provided at a termination of employment shall only be made or provided at the time of the related “separation from service”. Furthermore, Executive and the Company acknowledge and agree that all or any part of
any payment to be made or benefit to be provided to Executive during the six (6) month and one (1) day period which starts on the date Executive has a “separation from service” (other than by reason of Executive’s death)
shall be delayed and then paid (in a lump sum without interest) or provided (without interest) on the first business day which comes six (6) months and one (1) day after the date of Executive’s “separation from service” if
the Company acting in good faith determines that Executive is a “specified employee” within in the meaning of Code Section 409A. 
 (c) With
respect to items eligible for reimbursement under the terms of this Agreement, (i) the amount of such expenses eligible for reimbursement in any taxable year shall not affect the expenses eligible for reimbursement in another taxable year,
(ii) no such reimbursement may be exchanged or liquidated for another payment or benefit, and (iii) any reimbursements of such expenses shall be made as soon as practicable under the circumstances but in any event no later than the end of
the calendar year following the calendar in which the related expenses were incurred. 
 (d) The Company and Executive intend that each installment of
payments and benefits provided under this Agreement shall be treated as a separate identified payment for purposes of Code Section 409A. 
 (e) In the
event that Code Section 409A requires that any special terms, provision or conditions be included in this Agreement, then such terms, provisions and conditions shall, to the extent practicable, be deemed to be made a part of this Agreement, and
terms used in this Agreement shall be construed in accordance with Code Section 409A if and to the extent required. 
 (f) Executive acknowledges and
agrees that nothing in this Agreement shall be construed as a covenant by the Company that no payment will be made or benefit will be provided under this Agreement which will be subject to taxation under Code Section 409A or as a guarantee or
indemnity by the Company for the tax consequences to the payments and benefits called for under this Agreement including any tax consequences under Code Section 409A. Executive further agrees that Executive shall be the only person responsible
for paying all taxes due with respect to such payments and benefits. 

  
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	Section 8	MISCELLANEOUS 

 (a) Notices. All Notices and all other communications which are required to be
given under this Agreement must be in writing and shall be deemed to have been duly given when (i) personally delivered, (ii) mailed by United States registered or certified mail postage prepaid, (iii) sent via a nationally recognized
overnight courier service, (iv) sent via facsimile to the recipient, or (v) sent via e-mail or similar method of transmission to the recipient, in each case as follows: 

 

			
	If to the Company:	  	Darryl R. Marsch
		  	Sr. Vice President, General Counsel and Secretary
		  	Wingstop Inc.
		  	5501 LBJ Freeway, 5th Floor
		  	Dallas, TX 75240
		
	If to Executive:	  	Charles R. Morrison
		  	217 Chandler Rd.
		  	Keller, Texas 76248

 or such other address or addresses as either party hereto shall have designated by notice in writing to the other party
hereto. 
 (b) No Waiver. Except for any notice required to be given under this Agreement, no failure by either the Company or Executive at any time
to give notice of any breach by the other of, or to require compliance with, any condition or provision of this Agreement shall be deemed a waiver of any provisions or conditions of this Agreement. 

(c) Governing Law. All questions concerning the construction, validity and interpretation of this Agreement will be governed by the internal law of
Delaware, without regard to principles of conflict of laws. 
 (d) Amendment. No amendment to this Agreement shall be effective unless it is both
(i) agreed to and signed by Executive and a duly authorized officer of the Company and (ii) reviewed and approved by the Board or the Committee. 

(e) Arbitration. The Company and Executive shall have the right to obtain from a court an injunction or other equitable relief arising out of the
Executive’s breach of the provisions of Section 6 of this Agreement. However, any other controversy or claim arising out of or relating to this Agreement, any alleged breach of this Agreement, or Executive’s employment by the Company
or the termination of such employment, including any claim as to arbitrability or any claims for any alleged discrimination, harassment, or retaliation in violation of any federal, state or local law, shall be settled by binding arbitration to occur
in Dallas, Texas in accordance with the rules of the American Arbitration Association then applicable to employment-related disputes and any judgment upon any award, which may include an award of damages, may be entered in the state or federal court
having jurisdiction over such award. 

  
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 (f) Costs of Enforcement. In the event of a dispute or action to enforce the terms of this Agreement, all
reasonable costs and expenses incurred in connection therewith, including all reasonable attorneys’ fees, shall be paid as determined by the arbitrator. 

(g) Assignment. This Agreement may not be assigned by Executive. This Agreement may be assigned by the Company, without Executive’s consent, to
(1) any Affiliate of the Company, or (2) any other successor in interest to the Company’s business and assets (whether by merger, sale of assets, contribution of assets or otherwise). This Agreement shall be binding on and inure to
the benefit of the Company and its successors and assigns. 
 (h) Indemnification. The Company will provide indemnification no less favorable than
that set forth in the Company’s bylaws as in effect on the Effective Date. The Company agrees to use its best efforts to maintain, or continue to maintain, a directors’ and officers’ liability insurance policy or agreement covering
Executive to the extent the Company provides such coverage for its other executive officers and such policy or agreement is available on commercially reasonable terms. 

(i) No Third Party Beneficiaries. Except as otherwise expressly provided for herein, this Agreement is for the sole benefit of the parties hereto and
their permitted assigns and nothing herein expressed or implied will give or be construed to give to any person, other than the parties hereto and such permitted assigns, any permitted assigns, any legal or equitable rights hereunder. 

(j) Controlling Document. Except with respect to the Stock Plan or the Company’s annual incentive plans, if any provision of any agreement, plan,
program, policy, arrangement or other written document between or relating to the Company and Executive conflicts with any provision of this Agreement, the provision of this Agreement shall control and prevail. The provision of the Stock Plan and
the annual incentive plans shall control over this Agreement. 
 (k) No Limitation of Rights. Nothing in this Agreement shall limit or prejudice any
rights of the Company under any other laws. 
 (l) Counterparts. This Agreement may be signed in any number of counterparts, including via facsimile
transmission, each of which will be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 (m)
Headings. The headings in this Agreement are for convenience of reference only and will not control or affect the meaning or construction of any provisions hereof. 

(n) Severability. If any provision of this Agreement or the application of any such provision to any person or circumstance is held invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability will not affect any other provision hereof. If any provision of this Agreement is finally determined to be invalid, ineffective or unenforceable, the determination will
apply only in the jurisdiction in which such final adjudication is made, and such provisions will be deemed severed form this Agreement for purposes of such jurisdiction only, but in every other provision of this Agreement will remain in full force
and effect, and there will be substituted for any such provision held invalid, ineffective or unenforceable, a provision of similar import reflecting the original intent of the parties to the extent permitted under applicable law. 

  
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 (o) Certain Interpretive Matters. 

(1) Unless the context otherwise requires, (A) all references to sections are to sections of this Agreement, (B) each term defined in
this Agreement has the meaning assigned to it, (C) words in the singular include the plural and vice versa, and (D) the terms “herein,” “hereof,” “hereby,” “hereunder” and words of similar import
shall mean references to this Agreement as a whole and not to any individual section or portion hereof. All references to $ or dollar amounts will be to lawful currency of the United States. 

(2) No provision of this Agreement will be interpreted in favor of, or against, any of the parties hereto by reason of the extent to which any
such party or his or its counsel participated in the drafting thereof or by reason of the extent to which any such provision is inconsistent with any prior draft hereof or thereof. 

(3) As used in this Agreement, the word “including” means “including, without limitation” in each instance. 

(p) Entire Agreement; Termination of Prior Agreement. This Agreement constitutes the entire agreement among the parties with respect to the
Executive’s employment relationship to the Company and supersedes all prior agreements and understandings, both oral and written, including but not limited to any term sheet or other similar summary of proposed terms, between the parties with
respect to the subject matter of this Agreement. As of the Effective Date, this Agreement will supersede the Prior Agreement, the Prior Agreement shall be terminated, and all rights and obligations of the parties under the Prior Agreement shall
terminate; provided, that the party’s rights and obligations relating to payment of bonuses for 2016 and vesting of equity awards under the Prior Agreement remain in full force and effect. Executive represents and warrants that he is not
obligated under any contract or other agreement that would conflict with Executive’s obligations under this Agreement and Executive’s ability to perform Executive’s duties and responsibilities under this Agreement upon commencement of
and during the Term. 
 (q) Full Understanding. Executive represents and agrees that Executive fully understands Executive’s right to discuss
all aspects of this Agreement with Executive’s private attorney, and that to the extent, if any, that Executive desired, Executive utilized this right. Executive further represents and agrees that: (i) Executive has carefully read and
fully understands all of the provisions of this Agreement; (ii) Executive is competent to execute this Agreement; (iii) Executive’s agreement to execute this Agreement has not been obtained by any duress, and Executive freely and
voluntarily enters into it; (iv) Executive is not subject to any covenants, agreements or restrictions arising out of Executive’s prior employment (other than with the Company) that would be breached or violated by Executive’s
execution of this Agreement or performance of duties hereunder; and (v) Executive has read this document in its entirety and fully understands the meaning, intent and consequences of this document. Executive agrees and acknowledges that the
obligations owed to Executive under this Agreement are solely the obligations of the Company and that none of the Company’s stockholders, directors or lenders will have any obligation or liabilities in respect of this Agreement and the subject
matter hereof. 
 (r) Waiver and Release. Executive acknowledges and agrees that the Company may at any time require, as a condition to receipt of
benefits payable under this Agreement, including but 

  
 16 








 
not limited to the payment of termination benefits pursuant to Section 4 herein, that Executive (or a representative of his estate) execute a waiver and general release of all claims
discharging the Company and its subsidiaries, and their respective current and former Affiliates, and its and their officers, directors, managers, employees, agents and representatives and the heirs, predecessors, successors and assigns of all of
the foregoing, from any and all claims, actions, causes of action or other liability, whether known or unknown, contingent or fixed, arising out of or in any way related to Executive’s employment, or the ending of Executive’s employment
with the Company or the benefits thereunder, including, without limitation, any claims under this Agreement or other related instruments. The waiver and general release shall be in a form acceptable to the Company and shall be executed prior to the
expiration of the time period provided for payment of such benefits (including those provided under Section 4 herein). 
 (s) Certain Tax
Matters. The Company has made no warranties or representations to Executive with respect to the tax consequences (including but not limited to income tax consequences) contemplated by this Agreement and/or any benefits to be provided pursuant
thereto. Executive acknowledges that there may be adverse tax consequences related to the transactions contemplated hereby and that Executive should consult with his own attorney, accountant and/or tax advisor regarding the decision to enter into
this Agreement and the consequences thereof. Executive also acknowledges that the Company has no responsibility to take or refrain from taking any actions in order to achieve a certain tax result for Executive. 

(t) Deductions and Withholdings. All amounts payable or that become payable under this Agreement will be subject to any deductions and withholdings
previously authorized by Executive or required by law. Executive will be responsible for any and all taxes resulting from the benefits provided hereunder. 

* * * * * 

  
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 IN WITNESS WHEREOF, the Company and Executive have executed this Agreement in multiple originals to be effective
on the Effective Date. 
  

							
	WINGSTOP INC.	 		 	EXECUTIVE
				
	By:	 	 /s/ Darryl R. Marsch
	 		 	 /s/ Charles R. Morrison

	Name:  Darryl R. Marsch	 		 	Charles R. Morrison
	Title:    Senior Vice President, General Counsel and Secretary	 		 	
			
	This 22nd day of December, 2016	 		 	This 22nd day of December, 2016

 [Signature Page to Agreement]