Exhibit 10.4
 BOB EVANS FARMS, INC.
AMENDED AND RESTATED 2006 EQUITY AND CASH INCENTIVE PLAN
CEO LONG-TERM PERFORMANCE-BASED INCENTIVE AWARD PROGRAM
(Terms and Conditions for the Five-Year Performance Period from
Fiscal Year 2010 through Fiscal Year 2014)
   
 1. Conditional Performance Shares
 Number of Conditional Performance Shares: Appendix A
 Vesting Conditions:
   1




---



##### 



Appendix B Appendix C
  Appendix D
 Committee Discretion:
 2. Transfer Restrictions:
 3. Other Rules Affecting Your Conditional Performance Shares:
 Rights During the Restriction Period:
 Beneficiary Designation: Appendix E Appendix E
 2




---



##### 



Tax Withholding:
   Governing Law:
 Other Agreements:
 Recoupment:
 Adjustments to Your Conditional Performance Shares:
 Other Terms and Conditions:
 Signature in Counterparts:
 *    *    * *    *
 3




---



##### 



Your Acknowledgment
  
 
  /s/ Steven A. Davis
    
    
    
    Date:
    
    6/18/09Steven A. DavisBOB EVANS FARMS, INC.By:
    
    /s/ Michael J. Gasser
    
    
    
    Date:
    
    6/18/09Michael J. GasserLead Independent DirectorBy:
    
    /s/ Paul Williams
    
    
    
    Date:
    
    6/18/09Paul WilliamsChairman, Compensation Committee of the Board of Directors
 4




---



##### 



APPENDIX A
 AWARD AGREEMENT
 
 A-1




---



##### 



APPENDIX B
 PEER GROUP
 
 B-1




---



##### 



APPENDIX C
 TSR CALCULATION AND EXAMPLE
 TSR CALCULATION
        C-1




---



##### 



TSR CALCULATION EXAMPLE
 Annual Total Shareholder Return*
    
    5-Year2004
    
    2005
    
    2006
    
    2007
    
    2008
    
    AverageDennys Corp
    
    
    333.3
    
    
    
    55.8
    
    
    
    21.7
    
    
    
    -4.9
    
    
    
    -32.8
    
    
    
    74.6Sanderson Farms Inc
    
    
    202.9
    
    
    
    -0.3
    
    
    
    -25.8
    
    
    
    51.5
    
    
    
    6.9
    
    
    
    47.0Lance Inc
    
    
    115.4
    
    
    
    13.4
    
    
    
    60.2
    
    
    
    -10.6
    
    
    
    -2.4
    
    
    
    35.2McDonalds Corp
    
    
    61.7
    
    
    
    9.6
    
    
    
    20.3
    
    
    
    43.0
    
    
    
    27.4
    
    
    
    32.4Famous Daves of America Inc
    
    
    94.8
    
    
    
    38.6
    
    
    
    34.3
    
    
    
    30.5
    
    
    
    -52.7
    
    
    
    29.1YUM! Brands Inc.
    
    
    57.0
    
    
    
    22.2
    
    
    
    11.0
    
    
    
    21.3
    
    
    
    33.7
    
    
    
    29.1Red Robin Gourmet Burgers Inc
    
    
    88.0
    
    
    
    68.6
    
    
    
    -7.2
    
    
    
    -11.9
    
    
    
    3.7
    
    
    
    28.2CKE Restaurants Inc.
    
    
    92.0
    
    
    
    41.3
    
    
    
    7.9
    
    
    
    29.5
    
    
    
    -47.6
    
    
    
    24.6Papa Johns International Inc
    
    
    40.7
    
    
    
    2.5
    
    
    
    95.0
    
    
    
    -8.1
    
    
    
    -12.1
    
    
    
    23.6Buffalo Wild Wings Inc
    
    @NA
    
    
    -8.3
    
    
    
    41.9
    
    
    
    51.2
    
    
    
    -5.8
    
    
    
    19.8Darden Restaurants Inc.
    
    
    29.9
    
    
    
    32.8
    
    
    
    33.5
    
    
    
    5.9
    
    
    
    -12.5
    
    
    
    17.9DineEquity Inc
    
    
    45.2
    
    
    
    12.9
    
    
    
    19.7
    
    
    
    25.3
    
    
    
    -19.4
    
    
    
    16.7BJs Restaurants Inc
    
    
    54.1
    
    
    
    33.6
    
    
    
    49.2
    
    
    
    -21.8
    
    
    
    -32.3
    
    
    
    16.6Dominos Pizza Inc
    
    @NA
    
    @NA
    
    
    47.5
    
    
    
    24.2
    
    
    
    -30.5
    
    
    
    13.7Frischs Restaurants Inc.
    
    
    57.4
    
    
    
    -14.6
    
    
    
    2.0
    
    
    
    52.8
    
    
    
    -30.0
    
    
    
    13.5J.M. Smucker Co (The)
    
    
    47.3
    
    
    
    -3.1
    
    
    
    -19.0
    
    
    
    45.6
    
    
    
    -8.6
    
    
    
    12.4Panera Bread Co
    
    
    20.2
    
    
    
    22.4
    
    
    
    48.3
    
    
    
    -24.9
    
    
    
    -6.2
    
    
    
    12.0McCormick & Company Inc
    
    
    40.2
    
    
    
    3.0
    
    
    
    2.8
    
    
    
    8.8
    
    
    
    4.2
    
    
    
    11.8Hain Celestial Group Inc (The)
    
    
    13.9
    
    
    
    -9.9
    
    
    
    51.5
    
    
    
    11.6
    
    
    
    -17.8
    
    
    
    9.9
    
    ← Bob EvansLandrys Restaurants Inc.
    
    
    79.9
    
    
    
    -21.8
    
    
    
    37.3
    
    
    
    -15.7
    
    
    
    -45.7
    
    
    
    6.8Triarc Cos Inc.
    
    
    28.5
    
    
    
    28.6
    
    
    
    28.8
    
    
    
    5.5
    
    
    
    -58.9
    
    
    
    6.5California Pizza Kitchen Inc
    
    
    3.7
    
    
    
    9.0
    
    
    
    38.6
    
    
    
    5.7
    
    
    
    -30.0
    
    
    
    5.4Del Monte Foods Co
    
    
    39.1
    
    
    
    -5.7
    
    
    
    12.6
    
    
    
    0.9
    
    
    
    -21.0
    
    
    
    5.2CBRL Group Inc.
    
    
    18.8
    
    
    
    3.9
    
    
    
    7.0
    
    
    
    11.0
    
    
    
    -15.6
    
    
    
    5.0Brinker International Inc.
    
    
    21.1
    
    
    
    -12.1
    
    
    
    16.4
    
    
    
    20.3
    
    
    
    -25.7
    
    
    
    4.0Cheesecake Factory Inc. (The)
    
    
    33.9
    
    
    
    8.8
    
    
    
    2.8
    
    
    
    -12.5
    
    
    
    -18.0
    
    
    
    3.0Steak n Shake Co (The)
    
    
    62.9
    
    
    
    -4.1
    
    
    
    5.7
    
    
    
    -15.4
    
    
    
    -51.0
    
    
    
    -0.4Ruby Tuesday Inc
    
    
    52.2
    
    
    
    -24.7
    
    
    
    32.5
    
    
    
    -8.3
    
    
    
    -67.8
    
    
    
    -3.2P.F. Changs China Bistro Inc
    
    
    16.0
    
    
    
    14.2
    
    
    
    -23.3
    
    
    
    -10.2
    
    
    
    -18.9
    
    
    
    -4.4OCharleys Inc
    
    
    -6.6
    
    
    
    5.6
    
    
    
    -15.0
    
    
    
    24.5
    
    
    
    -44.2
    
    
    
    -7.1Carrols Restaurant Group Inc
    
    @NA
    
    @NA
    
    @NA
    
    @NA
    
    
    -46.4
    
    
    
    -46.475th Percentile
    
    
    67.2
    
    
    
    22.4
    
    
    
    38.3
    
    
    
    25.1
    
    
    
    -7.4
    
    
    
    24.150th Percentile
    
    
    46.3
    
    
    
    8.8
    
    
    
    20.0
    
    
    
    7.3
    
    
    
    -19.4
    
    
    
    12.440th Percentile
    
    
    40.0
    
    
    
    3.2
    
    
    
    12.0
    
    
    
    3.7
    
    
    
    -30.0
    
    
    
    9.925th Percentile
    
    
    26.7
    
    
    
    -4.1
    
    
    
    3.6
    
    
    
    -9.7
    
    
    
    -38.5
    
    
    
    5.1Bob Evans Farms Inc.
    
    
    23.1
    
    
    
    -32.3
    
    
    
    44.3
    
    
    
    29.3
    
    
    
    -22.2
    
    
    
    8.4Percent Rank
    
    
    23
    %
    
    
    0
    %
    
    
    81
    %
    
    
    79
    %
    
    
    46
    %
    
    
    38
    %
 
 *
    
    The TSR calculation will represent the daily rate of return reflecting daily price change plus
reinvestment of daily dividends and the compounding effect of dividends paid on reinvested
dividends. Each year will begin on the first day of Bob Evans fiscal year and end on the last day
of Bob Evans fiscal year. C-2




---



##### 



C-3




---



##### 



APPENDIX D
 EXAMPLES OF CALCULATION OF CONDITIONAL PERFORMANCE SHARES SUBJECT TO
COMMITTEE DISCRETION FOR FINAL DETERMINATION OF DISTRIBUTION
  
   D-1




---



##### 



Net Income Growth Circuit Breaker with TSR Modifier
Example #1: High-End Award
 2010
    
    2011
    
    2012
    
    2013
    
    2014
    
    TotalNI Growth % of Plan
    
    
    90
    %
    
    
    100
    %
    
    
    95
    %
    
    
    120
    %
    
    
    110
    %Relative NI Growth Percent Rank
    
    
    80
    %
    
    
    90
    %
    
    
    85
    %
    
    
    90
    %
    
    
    80
    %Target # Shares
    
    
    47,000
    
    
    
    47,000
    
    
    
    46,000
    
    
    
    46,000
    
    
    
    45,000
    
    
    
    231,000# Shares Added to Pool
    
    
    47,000
    
    
    
    47,000
    
    
    
    46,000
    
    
    
    46,000
    
    
    
    45,000
    
    
    
    231,0005-Year Average TSR Percent Rank
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    80
    %TSR Modifier (Threshold = 50th
Percentile)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    87
    %# of Shares Earned
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    200,2002014 FYEnd Closing Price
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    33.43Total Value
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    6,693,524
 Net Income Growth Circuit Breaker with TSR Modifier
Example #2: Medium-End Award
 2010
    
    2011
    
    2012
    
    2013
    
    2014
    
    TotalNI Growth % of Plan
    
    
    90
    %
    
    
    50
    %
    
    
    110
    %
    
    
    95
    %
    
    
    80
    %Relative NI Growth Percent Rank
    
    
    80
    %
    
    
    20
    %
    
    
    80
    %
    
    
    60
    %
    
    
    45
    %Target # Shares
    
    
    47,000
    
    
    
    47,000
    
    
    
    46,000
    
    
    
    46,000
    
    
    
    45,000
    
    
    
    231,000# Shares Added to Pool
    
    
    47,000
    
    
    
    0
    
    
    
    46,000
    
    
    
    46,000
    
    
    
    0
    
    
    
    139,0005-Year Average TSR Percent Rank
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    50
    %TSR Modifier (Threshold = 50th
Percentile)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    40
    %# of Shares Earned
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    55,6002014 FYEnd Closing Price
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    27.78Total Value
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    1,544,655
 Net Income Growth Circuit Breaker with TSR Modifier
Example #3: Low-End Award
 2010
    
    2011
    
    2012
    
    2013
    
    2014
    
    TotalNI Growth % of Plan
    
    
    90
    %
    
    
    70
    %
    
    
    50
    %
    
    
    65
    %
    
    
    85
    %Relative NI Growth Percent Rank
    
    
    80
    %
    
    
    40
    %
    
    
    20
    %
    
    
    35
    %
    
    
    55
    %Target # Shares
    
    
    47,000
    
    
    
    47,000
    
    
    
    46,000
    
    
    
    46,000
    
    
    
    45,000
    
    
    
    231,000# Shares Added to Pool
    
    
    47,000
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    45,000
    
    
    
    92,0005-Year Average TSR Percent Rank
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    40
    %TSR Modifier (Threshold = 50th
Percentile)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0
    %# of Shares Earned
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    02014 FYEnd Closing Price
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    24.07Total Value
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    0
   D-2




---



##### 



APPENDIX E
 BOB EVANS FARMS, INC.
AMENDED AND RESTATED 2006 EQUITY AND CASH INCENTIVE PLAN
BENEFICIARY DESIGNATION FORM
 Primary Beneficiary Designation.
 % to(Name)
    
    
    
    (Relationship)
 Address:
 % to(Name)
    
    
    
    (Relationship)
 Address:
 % to(Name)
    
    
    
    (Relationship)
 Address:
 % to(Name)
    
    
    
    (Relationship)
 Address:
 Note : You are not required to name more than one primary beneficiary but, if you do, the sum of
these percentages may not be greater than 100 percent.
 Contingent Beneficiary Designation.
 Allocated to my other named primary beneficiaries in proportion to the allocation given above (ignoring the interest allocated to the deceased primary beneficiary); or
 Allocated, in the proportion specified, among the following contingent beneficiaries:
 % to(Name)
    
    
    
    (Relationship)
 Address:
 % to(Name)
    
    
    
    (Relationship)
 Address:
 % to(Name)
    
    
    
    (Relationship)
 Address:
 % to(Name)
    
    
    
    (Relationship)
 Address:
 Note: You are not required to name more than one contingent beneficiary but, if you do, the sum of
these percentages may not be greater than 100 percent.
 (Signature)
    
    
    
    (Date)
 (Print
Name)
 Please return an executed copy of this form to us at the following address: Compensation Department , Bob Evans Farms, Inc., 3776 S. High St., Columbus, Ohio 43207.
 E-1