EXHIBIT 10.2



 EXHIBIT 10.2 
 AMENDMENT TO 
 NON-COMPETITION, NON-SOLICITATION AND SEVERANCE BENEFIT
AGREEMENT 
 This Amendment (“Amendment”) is made as of January 27, 2012 by and between Bruce Haase
(“Employee”) and Choice Hotels International, Inc. (“Choice”), and amends that certain Non-Competition, Non-Solicitation and Severance Benefit Agreement dated January 25, 2008 between the parties (“Agreement”).

 NOW, THEREFORE, in consideration of the promises contained in this Amendment, and other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties agree to the following terms: 
 1. Severance
Benefits. With respect to the Severance Benefits set forth in Section 5 of the Agreement, the parties acknowledge for purposes of clarity: 
 (i) the target bonus referred to in Section 5(b) is 55% of Employee’s base salary; and 
 (ii) a schedule of the stock options and stock awards referred to in Section 5(c) is set forth as Exhibit A hereto. 
 2. Additional Severance Benefits. The following provisions are added to the end of Section 5 of the Agreement: 

(f) for a period of seven months from the Termination Date, Employee shall continue to participate in Choice’s
Flexible Perquisite program at the same level that Employee was participating at the Termination Date. 
 (g)
Choice will provide Employee long-term disability coverage during the Severance Benefit Period substantially equivalent to Employee’s coverage during employment. 

(h) With respect to converted basic and option life insurance, Choice will pay Employee’s premiums during the
Severance Benefit Period. 
 (i) Choice will provide Employee with Supplemental Executive Life Insurance through
July 2014. 
 (j) During the Severance Benefit Period, Choice shall reimburse Employee for monthly cell phone
charges, up to $250 per month. 
 (k) During the Severance Benefit Period, Employee shall continue to participate
in the Executive Stay At Choice program up to a total reimbursement of $5,000. 
 3. Outplacement Services.
Section 5(d) of the Agreement is amended by adding the following to the end thereof: 
 The outplacement services will be at
the level Choice provides for its other NEO’s and Employee may choose the outplacement provider(s). 
 4. Offset.
Section 6 of the Agreement is amended by adding the following to the end thereof: 
 Notwithstanding the foregoing, Employee
shall be permitted to provide independent consulting services to third parties during the Severance Benefit Period without offset to the payments under Sections 5(a) and (b) so long as: (i) such services do not exceed $5,000 per month, and
(ii) such services are not provided to any person or entity who competes with Choice. 







 5. Miscellaneous. 

(a) All other provisions of the Agreement not modified by this Amendment remain in full force and effect. 

(b) The Agreement and this Amendment contains the entire agreement of the parties, and supersedes all other agreements, discussions or
understandings concerning the subject matter. The Agreement may be changed only by an agreement in writing signed by both parties. 
  

					
	 Choice Hotels International, Inc.
	 		 	Employee:
			
	 By:/s/ Patrick Cimerola
	 		 	/s/ Bruce Haase
		 		 	Bruce Haase


  
 2 








 Exhibit A 
 Stock Options and Stock Awards Outstanding as of January 27, 2012 

Restricted 

Stock 
  

																							
	 Award Date
	  	Award Type	  	Awarded	 	  	Target	 	  	Vested	 	  	Unvested	 	  	Cancelled	 
	 21-Mar-2008
	  	RSS	  	 	30,553.0000	  	  	 	NA	  	  	 	10,185.0000	  	  	 	20,368.0000	  	  	 	0.0000	  
	 08-Feb-2009
	  	RSS	  	 	4,185.0000	  	  	 	NA	  	  	 	2,092.0000	  	  	 	2,093.0000	  	  	 	0.0000	  
	 14-Feb-2010
	  	RSS	  	 	3,834.0000	  	  	 	NA	  	  	 	958.0000	  	  	 	2,876.0000	  	  	 	0.0000	  
	 14-Feb-2010
	  	RSS	  	 	12,270.0000	  	  	 	NA	  	  	 	0.0000	  	  	 	12,270.0000	  	  	 	0.0000	  
	 14-Feb-2010
	  	PSU	  	 	3,758.0000	  	  	 	3,758.0000	  	  	 	0.0000	  	  	 	3,758.0000	  	  	 	0.0000	  
	 20-Feb-2011
	  	PSU	  	 	3,334.0000	  	  	 	3,334.0000	  	  	 	0.0000	  	  	 	3,334.0000	  	  	 	0.0000	  
	 20-Feb-2011
	  	RSS	  	 	3,334.0000	  	  	 	NA	  	  	 	0.0000	  	  	 	3,334.0000	  	  	 	0.0000	  
		  		  	  
	  
	 	  				  	  
	  
	 	  	  
	  
	 	  			
	 Total
	  		  	 	88,540.0000	  	  				  	 	37,377.0000	  	  	 	48,033.0000	  	  			
		  		  	  
	  
	 	  				  	  
	  
	 	  	  
	  
	 	  			

 Stock Options 
  

																															
	 Grant Date
	  	Grant
Type	  	Expiration Date	 	  	Granted	 	  	Exercised	 	  	Cancelled	 	  	Expired	 	  	Exercisable	 	  	Outstanding	 
	 14-Feb-2005
	  	ISO	  	 	14-Feb-2015	  	  	 	5,800.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	5,800.0000	  	  	 	5,800.0000	  
	 12-Feb-2006
	  	ISO	  	 	12-Feb-2013	  	  	 	2,570.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	2,570.0000	  	  	 	2,570.0000	  
	 11-Feb-2007
	  	ISO	  	 	11-Feb-2014	  	  	 	3,136.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	3,136.0000	  	  	 	3,136.0000	  
	 25-May-2007
	  	ISO	  	 	25-May-2014	  	  	 	903.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	903.0000	  	  	 	903.0000	  
	 10-Feb-2008
	  	ISO	  	 	10-Feb-2015	  	  	 	3,022.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	3,022.0000	  
	 08-Feb-2009
	  	ISO	  	 	08-Feb-2016	  	  	 	2,880.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	2,880.0000	  
	 14-Feb-2010
	  	ISO	  	 	14-Feb-2017	  	  	 	2,260.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	2,260.0000	  
	 20-Feb-2011
	  	ISO	  	 	20-Feb-2018	  	  	 	3,609.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	3,609.0000	  
	 14-Feb-2005
	  	NQ	  	 	14-Feb-2015	  	  	 	17,400.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	17,400.0000	  	  	 	17,400.0000	  
	 12-Feb-2006
	  	NQ	  	 	12-Feb-2013	  	  	 	7,712.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	7,712.0000	  	  	 	7,712.0000	  
	 11-Feb-2007
	  	NQ	  	 	11-Feb-2014	  	  	 	9,408.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	9,408.0000	  	  	 	9,408.0000	  
	 25-May-2007
	  	NQ	  	 	25-May-2014	  	  	 	24,097.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	24,097.0000	  	  	 	24,097.0000	  
	 10-Feb-2008
	  	NQ	  	 	10-Feb-2015	  	  	 	21,660.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	18,511.0000	  	  	 	21,660.0000	  
	 08-Feb-2009
	  	NQ	  	 	08-Feb-2016	  	  	 	43,183.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	23,031.0000	  	  	 	43,183.0000	  
	 14-Feb-2010
	  	NQ	  	 	14-Feb-2017	  	  	 	4,005.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	1,566.0000	  	  	 	4,005.0000	  
	 14-Feb-2010
	  	NQ	  	 	14-Feb-2017	  	  	 	18,795.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	4,698.0000	  	  	 	18,795.0000	  
	 20-Feb-2011
	  	NQ	  	 	20-Feb-2018	  	  	 	18,537.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	18,537.0000	  
		  		  				  	  
	  
	 	  				  				  				  	  
	  
	 	  	  
	  
	 
	 Total
	  		  				  	 	349,977.0000	  	  				  				  				  	 	118,832.0000	  	  	 	188,977.0000