Officer Employment Agreement




 Exhibit 10.32 
 Jeffrey S. Smith 
 OUTBACK STEAKHOUSE® 

Officer Employment Agreement 
 THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into this 23 day of January 2008, to be effective for all purposes as of April 12, 2007, by and among JEFFREY S. SMITH
(hereinafter referred to as “Employee”), and OUTBACK STEAKHOUSE OF FLORIDA, LLC, a Florida limited liability company having its principal office at 2202 N. West Shore Boulevard, 5th Floor, Tampa, Florida 33607 (hereinafter referred to as the “Employer”). 

W I T N E S S E T H: 
 This Agreement is made and entered into under the following circumstances: 
 A.
WHEREAS, the Employer is an affiliate of OSI Restaurant Partners, LLC (“OSI”); and 
 B. WHEREAS, the Employer is
engaged in the business of owning and operating restaurants known as “Outback Steakhouse®“ utilizing a restaurant operating system and trademarks owned by or licensed to the Employer; and 

C. WHEREAS, the Employer desires, on the terms and conditions stated herein, to employ Employee as President of the Employer; and

 D. WHEREAS, the Employee desires, on the terms and conditions stated herein, to be employed by the Employer as President.

 NOW, THEREFORE, in consideration of the foregoing recitals, and of the premises, covenants, terms and conditions contained
herein, the parties hereto agree as follows: 
 1. Employment and Term. Subject to earlier termination as provided
for in Section 8 hereof, the Employer hereby employs the Employee, and the Employee hereby accepts employment with the Employer as President of the Employer for a term commencing on April 12, 2007 and expiring April 12, 2012
(“Term of Employment”). Such Term of Employment shall be automatically renewed for successive renewal terms of one (1) year each unless either party elects not to renew by giving written notice to the other party not less than sixty
(60) days prior to the start of any renewal term. 
 2. Representations and Warranties. The Employee hereby
represents and warrants to the Employer that the Employee (i) is not subject to any written nonsolicitation or noncompetition agreement affecting the Employee’s employment with the Employer (other than any prior agreement with the
Employer, OSI or either of their affiliates), (ii) is not subject to any written confidentiality or nonuse/nondisclosure agreement affecting the Employee’s employment with the Employer (other than any prior agreement with the Employer, OSI
or either of their affiliates), and (iii) has brought to the Employer no trade secrets, confidential business information, documents, or other personal property of a prior employer. 

3. Duties. As President of the Employer, the Employee shall: 

(a) have such management, supervisory and operational functions as are customary to such position, and such other powers,
functions and duties as may be assigned to the Employee by the Board of Directors of the Employer or the Chief Executive Officer or Chief Operating Officer of the Employer; and 

(b) diligently, competently, and faithfully perform all of the duties and functions hereunder; and 

 

			
	Outback Steakhouse of Florida, LLC	 	President EA (Outback) with renewal and allowance 2007a


  
 1 










 Jeffrey S. Smith 

 

 (c) not create a situation that results in termination for Cause (as
that term is defined in Section 8 hereof); and 
 (d) devote one hundred percent (100%) of the
Employee’s full business time, attention, energies and effort to the business affairs of the Employer; and 

(e) conduct all of his activities in a manner so as to maintain and promote the business and reputation of the Employer.

 The Employee shall not, during the term of this Agreement, engage in any other business activity; provided,
however, that the Employee shall be permitted to invest the Employee’s personal assets and manage the Employee’s personal investment portfolio in such a form and manner as will not require any business services on Employee’s
part to any third party or conflict with the provisions of Section 9, Section 10 or Section 14 hereof, or conflict with any published policy of the Employer or its affiliates, including but not limited to the
insider trading policy of the Employer or its affiliates. 
 The Employee shall be responsible for directly reporting to the
Chief Executive Officer or Chief Operating Officer of the Employer on all matters for which the Employee is responsible. 

Notwithstanding anything to the contrary herein, the parties acknowledge and agree that the Employee shall, during the term of this
Agreement and at the request of the Employer, also serve as an officer of any subsidiary or affiliate of the Employer or OSI, as the Employer shall request. In such capacity, Employee shall be responsible generally for all aspects of such office.
All terms, conditions, rights and obligations of this Agreement shall be applicable to Employee while serving in such office as though Employee and such subsidiary or affiliate of the Employer or OSI had separately entered into this Agreement,
except that the Employee shall not be entitled to any compensation, vacation, fringe benefits, automobile allowance or other remuneration of any kind whatsoever from such subsidiary or affiliate of the Employer or OSI. 

4. Compensation. During the Term of Employment, the Employee shall be entitled to an annual base salary equal to at least
the annual salary of Employee on the effective date hereof, payable in equal biweekly installments by the Employer, to be reviewed annually by the Employer. 
 5. Vacation. Employee shall be entitled to four (4) weeks paid vacation (selected by Employee, but subject to the reasonable business requirements of the Employer as determined by the
Chief Executive Officer of the Employer) during each full year during the Term of Employment. Vacation granted but not used in any year shall be forfeited at the end of such one-year period and may not be carried over to any subsequent year.

 6. Fringe Benefits. In addition to any other rights the Employee may have hereunder, the Employee shall also be
entitled to receive those fringe benefits, including, but not limited to, complimentary food, life insurance, medical benefits, etc., if any, as may be provided by the Employer to similar employees of the Employer. 

7. Automobile Allowance; Expenses. 
 (a) During the Term of Employment, the Employer shall pay to Employee a monthly automobile allowance in the amount of FOUR HUNDRED AND 00/100 DOLLARS ($400.00). Such automobile allowance shall be in lieu
of reimbursement by the Employer of the costs to Employee of purchasing and maintaining an automobile, and all operational expenses, including, without limitation, mileage, repairs, insurance, etc., in connection therewith; provided, however, that
the Employer shall reimburse Employee for the cost of gasoline used in conducting the Employer’s business. Employee shall, at all times during the Term of Employment, maintain an automobile for use in connection with the performance of
Employee’s duties and shall maintain in full force and effect, at all times, with the 
  

			
	Outback Steakhouse of Florida, LLC	 	President EA (Outback) with renewal and allowance 2007a


  
 2 










 Jeffrey S. Smith 

 

 
Employer as additional loss payees, at least TWO HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($250,000.00) in property damage and FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($500,000.00) in personal
liability automobile insurance, with an additional ONE MILLION DOLLARS ($1,000,000.00) personal liability umbrella. Such insurance shall be written with an insurance carrier reasonably acceptable to the Employer and shall provide that such insurance
cannot be changed, cancelled or permitted to expire without at least ten (10) days prior written notice to the Employer. 
 (b) Subject to approval by the Chief Financial Officer of the Employer and compliance with the Employer’s policies, the Employee may incur reasonable expenses on behalf of and in furtherance of the
business of the Employer. Upon approval of such expenses by the Chief Financial Officer, the Employer shall promptly reimburse the Employee for all such expenses upon presentation by the Employee, from time to time, of appropriate receipts or
vouchers for such expenses that are sufficient in form and substance to satisfy all federal tax requirements for the deductibility of such expenses by the Employer. 
 8. Termination. Notwithstanding the provisions of Section 1 hereof, the Term of Employment shall terminate prior to the end of the period of time specified in
Section 1, immediately upon: 
 (a) The death of the Employee; or 

(b) The Employee’s Disability during the Term of Employment. For purposes of this Agreement, the term
“Disability” shall mean the inability of the Employee, arising out of any medically determinable physical or mental impairment, to perform the services required of the Employee hereunder for a period of ninety (90) consecutive days;
or 
 (c) The existence of Cause. For purposes of this Agreement, the term “Cause” shall be defined as:

 (i) Any dishonesty by the Employee in the Employee’s dealings with the Employer, the commission of fraud
by the Employee, negligence in the performance of the duties of the Employee, insubordination, willful misconduct, or the conviction (or plea of guilty or nolo contendere) of the Employee of any felony, or any other crime involving dishonesty or
moral turpitude; or 
 (ii) Any violation of any covenant or restriction contained in Section 9,
Section 10, Section 12 or Section 14 hereof; or 
 (iii) Any violation of any material
published policy of the Employer or its affiliates (material published policies include, but are not limited to, the Employer’s discrimination and harassment policy, management duty policy, responsible alcohol policy and insider trading
policy); 
 or 
 (d) At the election of the Employer, upon the sale of a majority ownership interest in the Employer or substantially all of the assets of the Employer; or 

(e) At the election of the Employer, upon the determination by the Employer to cease the Employer’s business
operations; or 
  

			
	Outback Steakhouse of Florida, LLC	 	President EA (Outback) with renewal and allowance 2007a


  
 3 










 Jeffrey S. Smith 

 

 (f) At the election of the Employer in its sole discretion, for any
reason or no reason. In the event of termination of this Agreement pursuant to this Section 8(f), the Employee shall be entitled to receive as full and complete severance compensation, the base salary provided for herein for a period of
one (1) year from the effective date of such termination (the “Severance”). Severance shall be payable in bi-weekly installments. The Employee acknowledges and agrees that in the event of termination of this Agreement pursuant to this
Section 8(f) the Severance provided in this Section 8(f) shall be the only obligation that the Employer, OSI or any of their affiliates shall have to the Employee. Employee acknowledges that in the event of termination of
Employee’s employment as President of the Employer, whether pursuant to this Section 8(f) or otherwise, any Long Term Incentive Agreement (“LTIA”) with the Employer or any of its affiliates shall terminate immediately and
the Employee shall not be entitled to any further payments under such LTIA. 
 For all purposes of this Agreement, termination
for Cause shall be deemed to have occurred in the event of the Employee’s resignation when, because of existing facts and circumstances, subsequent termination for Cause can be reasonably foreseen. 

Except as otherwise provided in Section 8(f), in the event of termination of this Agreement pursuant to this
Section 8, the Employee or the Employee’s estate, as appropriate, shall be entitled to receive (in addition to any fringe benefits payable upon death in the case of the Employee’s death) the base salary provided for herein up
to and including the effective date of termination, prorated on a daily basis. 
 The Employee acknowledges and agrees that in
the event of termination of Employee’s employment as President of the Employer, with or without Cause, any LTIA between the Employee and the Employer or any of its affiliates shall terminate immediately and the Employee shall not be entitled to
any further payments under such LTIA. 
 9. Noncompetition.  

(a) During Term. During the Employee’s employment with the Employer, the Employee shall not, individually or
jointly with others, directly or indirectly, whether for the Employee’s own account or for that of any other person or entity, engage in or own or hold any ownership interest in any person or entity engaged in a restaurant business, and the
Employee shall not act as an officer, director, employee, partner, independent contractor, consultant, principal, agent, proprietor, or in any other capacity for, nor lend any assistance (financial or otherwise) or cooperation to any such person or
entity. 
 (b) Post Term. For a continuous period of two (2) years commencing on termination of the
Employee’s employment with the Employer, regardless of any termination pursuant to Section 8 or any voluntary termination or resignation by the Employee, the Employee shall not, individually or jointly with others, directly or
indirectly, whether for the Employee’s own account or for that of any other person or entity, engage in or own or hold any ownership interest in, have any interest in or lend any assistance to, any casual steakhouse restaurant or any person or
entity engaged in a business owning, operating, franchising or controlling an casual steakhouse business, and that is located or intended to be located anywhere within a radius of thirty (30) miles of any Outback Steakhouse® restaurant
owned or operated by the Employer, OSI or their affiliates or any proposed Outback Steakhouse® restaurant to be owned or operated by any of the foregoing, and the Employee shall not act as an officer, director, employee, partner, independent
contractor, consultant, principal, agent, proprietor, chef, or in any other capacity for, nor lend any assistance (financial or otherwise) or cooperation to, any such person, or entity. For purposes of this Section 9(b), Outback
Steakhouse® restaurants owned or operated by OSI shall include Outback Steakhouse® restaurants operated or owned by an affiliate of OSI, any successor entity to OSI, and any 
  

			
	Outback Steakhouse of Florida, LLC	 	President EA (Outback) with renewal and allowance 2007a


  
 4 










 Jeffrey S. Smith 

 

 
entity in which OSI has an interest, including but not limited to, an interest as a franchisor. The term “proposed Outback Steakhouse® restaurant” shall include all locations for
which OSI, its franchisees or affiliates is conducting active, bona fide negotiations to secure a fee or leasehold interest with the intention of establishing one or more Outback Steakhouse® restaurants thereon. For purposes of this
Section 9(b), the term “casual steakhouse” shall mean any restaurant for which the check average is equal to or less than of $30.00 per person, and: (i) the words “steak” or “beef” or any item of steak or
beef or any word that connotes steak or beef is used in its name; or (ii) the sale of steak or beef is regularly featured in its advertising or marketing efforts, or (iii) the sale of steak and beef in the aggregate constitute thirty
percent (30%) or more of its entrée sales, computed on a dollar basis. 
 (c) Limitation.
Notwithstanding subsections (a) and (b), it shall not be a violation of this Section 9 for Employee to own a one percent (1%) or smaller interest in any corporation required to file periodic reports with the
Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, or successor statute. 
 10.
Nondisclosure; Nonsolicitation; Nonpiracy. Except in the performance of Employee’s duties hereunder, at no time during the Term of Employment, or at any time thereafter, shall Employee, individually or jointly with others, for the
benefit of Employee or any third party, publish, disclose, use, or authorize anyone else to publish, disclose, or use, any secret or confidential material or information relating to any aspect of the business or operations of the Employer, OSI or
their affiliates, including, without limitation, any secret or confidential information relating to the business, customers, trade or industrial practices, trade secrets, technology, recipes or know-how of any of the Employer, OSI or their
affiliates. Moreover, during the Employee’s employment with the Employer and for two (2) years thereafter, Employee shall not offer employment to any employee of the Employer, OSI, their franchisees or affiliates, or otherwise solicit or
induce any employee of the Employer, OSI, their franchisees or affiliates to terminate their employment, nor shall Employee act as an officer, director, employee, partner, independent contractor, consultant, principal, agent, proprietor, owner or
part owner, or in any other capacity, for any person or entity that solicits or otherwise induces any employee of the Employer, OSI, their franchisees or affiliates to terminate their employment. 

11. Employer Property: Employee Duty to Return. All Employer products, recipes, product specifications, training materials,
employee selection and testing materials, marketing and advertising materials, special event, charitable and community activity materials, customer correspondence, internal memoranda, products and designs, sales information, project files, price
lists, customer and vendor lists, prospectus reports, customer or vendor information, sales literature, territory printouts, call books, notebooks, textbooks, and all other like information or products, including all copies, duplications,
replications, and derivatives of such information or products, now in the possession of Employee or acquired by Employee while in the employ of the Employer, shall be the exclusive property of the Employer and shall be returned to the Employer no
later than the date of Employee’s last day of work with the Employer. 
 12. Inventions, Ideas, Processes, and
Designs. All inventions, ideas, recipes, processes, programs, software, and designs (including all improvements) (i) conceived or made by Employee during the course of Employee’s employment with the Employer (whether or not
actually conceived during regular business hours) and for a period of six (6) months subsequent to the termination or expiration of such employment and (ii) related to the business of the Employer, shall be disclosed in writing promptly to
the Employer and shall be the sole and exclusive property of the Employer. An invention, idea, recipe, process, program, software or design (including an improvement) shall be deemed “related to the business of the Employer” if (a) it
was made with equipment, supplies, facilities, or confidential information of the Employer, (b) results from work performed by Employee for the Employer, or (c) pertains to the current business or demonstrably anticipated research or
development work of the Employer. Employee shall cooperate with the Employer and their attorneys in the preparation of patent and copyright applications for such developments and, upon request, shall promptly assign all such inventions, ideas,

  

			
	Outback Steakhouse of Florida, LLC	 	President EA (Outback) with renewal and allowance 2007a


  
 5 










 Jeffrey S. Smith 

 

 
recipes, processes, and designs to the Employer. The decision to file for patent or copyright protection or to maintain such development as a trade secret shall be in the sole discretion of the
Employer, and Employee shall be bound by such decision. Employee shall provide, on the back of this Employment Agreement, a complete list of all inventions, ideas, recipes, processes, and designs if any, patented or unpatented, copyrighted or
non-copyrighted, including a brief description, that the Employee made or conceived prior to Employee’s employment with the Employer and that therefore are excluded from the scope of this Agreement. 

13. Employer’s Promise to Give Employee Trade Secrets and Training. In return for Employee’s agreement not to use
or disclose Employer’s trade secrets, training, systems and confidential proprietary business methods, Employer unconditionally promises to give Employee within ninety (90) days of the signing of this contract trade secrets, specialized
training and other confidential proprietary business methods. 
 Specifically, Employer unconditionally promises to give
Employee one-on-one training from executives, trainers and senior employees of Employer or its affiliates. Further, the training will include training and information concerning procedures and confidential proprietary methods Employer uses to obtain
and retain business from their customer base, operations in Employer’s home office, marketing and sales techniques, and information regarding the confidential information listed in Section 12(b) of this Agreement. Further, after the
ninety (90) days, as Employer develops (during Employee’s employment with Employer) additional trade secrets, employee surveys and analyses, financial data and other confidential proprietary business methods and overall marketing plans and
strategies, Employer promises to continue to provide, on a periodic basis, said confidential information and additional training and analysis from their executives, trainers and/or senior employees to Employee for so long as Employee is employed by
Employer as President. 
 14. Employee’s Promise Not to Disclose Trade Secrets and Confidential Information.
Employee understands and agrees that Employer will provide unique and specialized training and confidential information concerning Employer’s business operations, including, but not limited to, recipes, product specifications, restaurant
operating techniques and procedures, marketing techniques and procedures, financial data, processes, vendors and other information that was developed and maintained at considerable effort and expense to Employer, for the Employer’s sole and
exclusive use, and which if used by the Employer’s competitors would give them an unfair business advantage. Employee believes the unconditional promise to provide said information is sufficient consideration for Employee’s promise to
adhere to the restrictive covenants of Section 9, Section 10, Section 12 and Section 14 of this Agreement. 
 15. Restrictive Covenants: Consideration; Non-Estoppel; Independent Agreements; and Non-Executory Agreements. The restrictive covenants of Section 9, Section 10, Section 12
and Section 14 of this Agreement are given and made by Employee to induce the Employer to employ the Employee and to enter into this Agreement with the Employee, and Employee hereby acknowledges that employment with the Employer is
sufficient consideration for these restrictive covenants. 
 The restrictive covenants of Section 9, Section 10,
Section 12 and Section 14 of this Agreement shall be construed as agreements independent of any other provision in this Agreement, and the existence of any claim or cause of action of Employee against the Employer, whether
predicated upon this Agreement or otherwise, shall not constitute a defense to the enforcement of any restrictive covenant. The Employer has fully performed all obligations entitling them to the restrictive covenants of Section 9,
Section 10, Section 12 and Section 14 of this Agreement, and those restrictive covenants therefore are not executory or otherwise subject to rejection under the Bankruptcy Code. 

The refusal or failure of the Employer to enforce any restrictive covenant of Section 9, Section 10, Section 12
or Section 14 of this Agreement (or any similar agreement) against any other employee, agent, or independent contractor, for any reason, shall not constitute a defense to the enforcement by the Employer of any such restrictive
covenant, nor shall it give rise to any claim or cause of action by Employee against the Employer. 
  

			
	Outback Steakhouse of Florida, LLC	 	President EA (Outback) with renewal and allowance 2007a


  
 6 










 Jeffrey S. Smith 

 

 16. Reasonableness of Restrictions; Reformation; Enforcement. The parties
hereto recognize and acknowledge that the geographical and time limitations contained in Section 9, Section 10, Section 12 and Section 14 hereof are reasonable and properly required for the adequate protection of
the Employer’s interests. Employee acknowledges that the Employer is the owner or the licensee of the Outback Steakhouse® trademarks, and the owner or the licensee of the Outback Steakhouse® restaurant operating system and will provide
to Employee training in and confidential information concerning the Outback Steakhouse® restaurant operating system in reliance on the covenants contained in Section 9, Section 10, Section 12 and Section 14
hereof. It is agreed by the parties hereto that if any portion of the restrictions contained in Section 9, Section 10, Section 12 or Section 14 are held to be unreasonable, arbitrary, or against public policy, then
the restrictions shall be considered divisible, both as to the time and to the geographical area, with each month of the specified period being deemed a separate period of time and each radius mile of the restricted territory being deemed a separate
geographical area, so that the lesser period of time or geographical area shall remain effective so long as the same is not unreasonable, arbitrary, or against public policy. The parties hereto agree that in the event any court of competent
jurisdiction determines the specified period or the specified geographical area of the restricted territory to be unreasonable, arbitrary, or against public policy, a lesser time period or geographical area that is determined to be reasonable,
nonarbitrary, and not against public policy may be enforced against Employee. If Employee shall violate any of the covenants contained herein and if any court action is instituted by the Employer to prevent or enjoin such violation, then the period
of time during which the Employee’s business activities shall be restricted, as provided in this Agreement, shall be lengthened by a period of time equal to the period between the date of the Employee’s breach of the terms or covenants
contained in this Agreement and the date on which the decree of the court disposing of the issues upon the merits shall become final and not subject to further appeal. 
 In the event it is necessary for the Employer to initiate legal proceedings to enforce, interpret or construe any of the covenants contained in Section 9, Section 10, Section 12
or Section 14 hereof, the prevailing party in such proceedings shall be entitled to receive from the non-prevailing party, in addition to all other remedies, all costs, including reasonable attorneys’ fees, of such proceedings
including appellate proceedings. 
 17. Specific Performance. Employee agrees that a breach of any of the
covenants contained in Section 9, Section 10, Section 12 or Section 14 hereof will cause irreparable injury to the Employer for which the remedy at law will be inadequate and would be difficult to ascertain and
therefore, in the event of the breach or threatened breach of any such covenants, the Employer shall be entitled, in addition to any other rights and remedies they may have at law or in equity, to obtain an injunction to restrain Employee from any
threatened or actual activities in violation of any such covenants. Employee hereby consents and agrees that temporary and permanent injunctive relief may be granted in any proceedings that might be brought to enforce any such covenants without the
necessity of proof of actual damages, and in the event the Employer does apply for such an injunction, Employee shall not raise as a defense thereto that the Employer has an adequate remedy at law. 

18. Assignability. This Agreement and the rights and duties created hereunder, shall not be assignable or delegable by
Employee. The Employer shall have the right, without Employee’s knowledge or consent, to assign this Agreement, in whole or in part and any or all of the rights and duties hereunder, including but not limited to the restrictive covenants of
Section 9, Section 10, Section 11, Section 12 and Section 14 hereof to any person, including but not limited to any affiliate of the Employer, or any successor to the Employer’s interest in the Outback
Steakhouse® restaurants, and Employee shall be bound by such assignment. Any assignee or successor may enforce any restrictive covenant of this Agreement. 
  

			
	Outback Steakhouse of Florida, LLC	 	President EA (Outback) with renewal and allowance 2007a


  
 7 










 Jeffrey S. Smith 

 

 19. Effect of Termination. The termination of this Agreement, for whatever
reason or no reason, or the expiration of this Agreement shall not extinguish those obligations of Employee specified in Section 9, Section 10, Section 11, Section 12 and Section 14 hereof. The
restrictive covenants of Section 9, Section 10, Section 11, Section 12 and Section 14 shall survive the termination or expiration of this Agreement. The termination or expiration of this Agreement shall
extinguish the right of any party to bring an action, either in law or in equity, for breach of this Agreement by any other party. 
 20. Captions; Terms. The captions of this Agreement are for convenience only, and shall not be construed to limit, define, or modify the substantive terms hereof. 

21. Acknowledgments. Employee hereby acknowledges that the Employee has been provided with a copy of this Agreement for
review prior to signing it, that the Employee has been given the opportunity to have this Agreement reviewed by Employee’s attorney prior to signing it, that the Employee understands the purposes and effects of this Agreement, and that the
Employee has been given a signed copy of this Agreement for Employee’s own records. 
 22. Notices. All
notices or other communications provided for herein to be given or sent to a party by the other party shall be deemed validly given or sent if in writing and mailed, postage prepaid, by certified United States mail, return receipt requested,
addressed to the parties at their addresses hereinabove set forth or at their last known address. Any party may give notice to the other party at any time, by the method specified above, of a change in the address at which, or the person to whom,
notice is to be addressed. 
 23. Severability. Each section, subsection, and lesser Section of this Agreement
constitutes a separate and distinct undertaking, covenant, or provision hereof. In the event that any provision of this Agreement shall be determined to be invalid or unenforceable, such provision shall be deemed limited by construction in scope and
effect to the minimum extent necessary to render the same valid and enforceable, and, in the event such a limiting construction is impossible, such invalid or unenforceable provision shall be deemed severed from this Agreement, but every other
provision of this Agreement shall remain in full force and effect. 
 24. Waiver. The failure of a party to
enforce any term, provision, or condition of this Agreement at any time or times shall not be deemed a waiver of that term, provision, or condition for the future, nor shall any specific waiver of a term, provision, or condition at one time be
deemed a waiver of such term, provision, or condition for any future time or times. 
 25. Parties. This Agreement
shall be binding upon, and shall inure to the benefit of, the parties hereto and their legal representatives, and proper successors or assigns, as the case may be. 
 26. Governing Law. The validity, interpretation, and performance of this Agreement shall be governed by the laws of the State of Florida without giving effect to the principles of comity or
conflicts of laws thereof. 
 27. Consent to Personal Jurisdiction and Venue. Employee hereby consents to personal
jurisdiction and venue, for any action brought by the Employer arising out of a breach or threatened breach of this Agreement or out of the relationship established by this Agreement, exclusively in the United States District Court for the Middle
District of Florida, Tampa Division, or in the Circuit Court in and for Hillsborough County, Florida; Employee hereby agrees that any action brought by Employee, alone or in combination with others, against the Employer, whether arising out of this
Agreement or otherwise, shall be brought exclusively in the United States District Court for the Middle District of Florida, Tampa Division, or in the Circuit Court in and for Hillsborough County, Florida. 

 

			
	Outback Steakhouse of Florida, LLC	 	President EA (Outback) with renewal and allowance 2007a


  
 8 










 Jeffrey S. Smith 

 

 28. Affiliate. Whenever used in this Agreement, the term
“affiliate” shall mean, with respect to any entity, all persons or entities (i) controlled by the entity, (ii) that control the entity, or (iii) that are under common control with the entity. 

29. Cooperation. Employee shall cooperate fully with all reasonable requests for information and participation by the
Employer, its agents, or its attorneys, in prosecuting or defending claims, suits, and disputes brought on behalf of or against one or both of them and in which Employee is involved or about which Employee has knowledge. 

30. Amendments. No change, modification, or termination of any of the terms, provisions, or conditions of this Agreement
shall be effective unless made in writing and signed or initialed by all signatories to this Agreement. 
 31.
WAIVER OF JURY TRIAL. ALL PARTIES TO THIS AGREEMENT KNOW AND UNDERSTAND THAT THEY HAVE A CONSTITUTIONAL RIGHT TO A JURY TRIAL. THE PARTIES ACKNOWLEDGE THAT ANY DISPUTE OR CONTROVERSY THAT MAY ARISE OUT OF THIS AGREEMENT WILL INVOLVE
COMPLICATED AND DIFFICULT FACTUAL AND LEGAL ISSUES. 
 THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE. THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY OF
THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY AND THAT ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT OR ANY OF THE
CONTEMPLATED TRANSACTIONS SHALL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY. 

THE PARTIES INTEND THIS WAIVER OF THE RIGHT TO A JURY TRIAL BE AS BROAD AS POSSIBLE. BY THEIR SIGNATURES BELOW, THE PARTIES PROMISE,
WARRANT AND REPRESENT THAT THEY WILL NOT PLEAD FOR, REQUEST OR OTHERWISE SEEK TO HAVE A JURY TO RESOLVE ANY AND ALL DISPUTES THAT MAY ARISE BY, BETWEEN OR AMONG THEM. 
 32. Entire Agreement; Counterparts. This Agreement and the agreements referred to herein constitute the entire agreement between the parties hereto concerning the subject matter hereof, and
supersede any prior employment agreement with the Employer, OSI or any of their affiliates and supersedes all prior memoranda, correspondence, conversations, negotiations and other agreements. This Agreement may be executed in several identical
counterparts that together shall constitute but one and the same Agreement. 
  

			
	Outback Steakhouse of Florida, LLC	 	President EA (Outback) with renewal and allowance 2007a


  
 9 










 Jeffrey S. Smith 

 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first
written above. 
  

							
		 		 	“EMPLOYEE”
			
	 /s/ Jessica L. Lovell
	 		 	 /s/ Jeffrey S. Smith

	Witness	 		 	JEFFREY S. SMITH
			
	 /s/ Norma P. DeGuenther
	 		 	
	Witness	 		 	
			
		 		 	“EMPLOYER”
		 		 	
		 		 	 OUTBACK STEAKHOUSE OF FLORIDA, LLC,
 Florida limited liability company

				
		 		 	By:	 	 /s/ Joseph J. Kadow

		 		 		 	JOSEPH J. KADOW, Executive Vice President

  

			
	Outback Steakhouse of Florida, LLC	 	President EA (Outback) with renewal and allowance 2007a


  
 10 










 AMENDMENT TO EMPLOYMENT AGREEMENT 

This Amendment to Employment Agreement (this “Amendment”) is made effective as of January 1, 2009, by and between OSI
Restaurant Partners, LLC (the “Company”), and Jeffrey S. Smith (the “Executive”). 
 Background
Information 
 The parties to this Amendment (the “Parties”) entered into an Officer Employment Agreement as of
June 14, 2007 (the “Employment Agreement”), regarding the Executive’s employment relationship with the Company. The Parties desire to amend the Employment Agreement in order to comply with the final Treasury Regulations
issued under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). The Employment Agreement, as amended by this Amendment, is hereinafter collectively referred to as the “Agreement.” 

Amendment of the Employment Agreement 
 The Parties hereby acknowledge the accuracy of the foregoing Background Information and hereby agree as follows: 
 1. Definitions. All capitalized terms used in this Agreement but which are not otherwise defined herein, shall have the respective meanings given those terms in the
Employment Agreement, as applicable. 
 2. Fringe Benefits. Section 6 of the Agreement is
hereby amended by adding the following to the end thereof: 
 “Such benefits shall be provided in accordance with any
applicable policy, program or plan provisions. Any taxable welfare benefits provided to the Executive pursuant to this Section 6 that are not ‘disability pay’ or ‘death benefits’ within the meaning of Treasury Regulations
Section 1.409A-1(a)(5) (collectively, the ‘Applicable Benefits’) shall be subject to the following requirements in order to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). The
amount of any Applicable Benefits provided during one taxable year shall not affect the amount of the Applicable Benefits provided in any other taxable year, except that with respect to any Applicable Benefits that consist of the reimbursement of
expenses referred to in Code Section 105(b), a limitation may be imposed on the amount of such reimbursements as described in Treasury Regulations Section 1.409A-3(i)(iv)(B). To the extent that any Applicable Benefits consist of the
reimbursement of eligible expenses, such reimbursement must be made on or before the last day of the calendar year following the calendar year in which the expense was incurred, and Company shall not be obligated to reimburse any expense for which
the Executive fails to submit an invoice or other documented reimbursement request at least thirty (30) business days before the end of the calendar year next following the calendar year in which the expense for any such reimbursement was
incurred. Further, no Applicable Benefits may be liquidated or exchanged for another benefit.” 








 3. Automobile Allowance; Expenses. Section 7 of the Agreement is hereby
amended by adding the following to the end thereof: 
 “If any reimbursements under this provision are taxable to the
Executive, such reimbursements shall be paid on or before the end of the calendar year following the calendar year in which the reimbursable expense was incurred, and the Company shall not be obligated to pay any such reimbursement amount for which
Executive fails to submit an invoice or other documented reimbursement request at least thirty (30) business days before the end of the calendar year next following the calendar year in which the expense was incurred. Such expenses shall
be reimbursable only to the extent they were incurred during the term of the Agreement. In addition, the amount of such reimbursements that the Company is obligated to pay in any given calendar year shall not affect the amount the Company is
obligated to pay in any other calendar year. Further, Executive may not liquidate or exchange the right to reimbursement of such expenses for any other benefits.” 
 4. Termination. Section 8 of the Agreement is hereby amended by adding the following sub-section (g) to the end thereof: 

“(g) Termination of Employment for all purposes under this Agreement will be determined to have occurred in accordance with the
‘separation from service’ requirements of Code Section 409A and the Treasury Regulations and other guidance issued thereunder, and based on whether the facts and circumstances indicate that Company and Executive reasonably anticipated
that no further services would be performed after a certain date or that the level of bona fide services Executive would perform after such date (as an employee or as an independent contractor) would permanently decrease to no more than 20 percent
of the average level of bona fide services performed over the immediately preceding 36-month period (or actual period of service, if less).” 
 5. Section 409A. Section 33 is hereby added to the end of the Agreement to read as follows: 
 “33. Code Section 409A. The Company makes no representation as to whether any such payment or any part thereof constitutes or may constitute non-qualified deferred compensation.
Neither the Company nor any of its directors, officers, employees, agents or professional advisors shall have any liability to the Executive or any other person or any amounts incurred by Executive or any other such person by reason of the
determination made by the Board of Managers pursuant to this paragraph or any action taken or omitted by the Board, the Company, or any of the Company’s managers, officers, employees, agents or professional advisors in the course of, or as a
result of, making such determination. For purposes of this Agreement, all rights to payments and benefits hereunder shall be treated as rights to receive a series of separate payments and benefits to the fullest extent allowed by Code
Section 409A.” 
 6. The terms and conditions of the Agreement between Company and Executive that are unaffected by this
Amendment remain in full force and effect. 
 [Signatures appear on next page.] 








 IN WITNESS WHEREOF, the undersigned, intending to be legally bound, have
executed this Amendment effective on the 31st day of
December, 2008. 
  

									
	JEFFREY S. SMITH	 		 	OSI RESTAURANT PARTNERS, LLC
				
	 /s/ Jeffrey S. Smith
	 		 	By:	 	 /s/ Joseph J. Kadow

		 		 		 	Joseph J. Kadow
					
		 		 		 	Its:	 	 Executive Vice President










 Jeffrey S. Smith 
 OUTBACK STEAKHOUSE® 
 Amendment To 

Officer Employment Agreement 
 THIS AMENDMENT TO OFFICER EMPLOYMENT AGREEMENT (“Amendment”) is entered into by and among OUTBACK STEAKHOUSE OF FLORIDA, LLC, a Florida limited liability company formerly known as OUTBACK
STEAKHOUSE OF FLORIDA, INC., a Florida corporation (the “Employer”) and JEFFREY S. SMITH (the “Employee”) to be effective for all purposes as of January 1, 2012. 

WHEREAS, Employer employs Employee as President of the Employer pursuant to that certain Officer Employment Agreement dated effective
January 23, 2008, as amended by that certain Amendment to Employment Agreement dated January 1, 2009 (collectively the “Employment Agreement”); and 
 WHEREAS, the parties hereto desire to enter into this Amendment in order to change the Employment Agreement to reflect that the Employee has been promoted to Executive Vice President and President of the
Employer. 
 NOW, THEREFORE, intending to be legally bound, for good consideration, receipt of which is acknowledged, the
parties hereby agree as follows: 
 1. Recitals. The parties acknowledge and agree that the above recitals are
true and correct and incorporated herein by reference. 
 2. Change of Employee’s Title. The parties
acknowledge and agree that all references in the Employment Agreement to the Employee being employed as President of the Employer are hereby amended to state that the Employee is employed as Executive Vice President and President of the Employer
effective January 1, 2012. 
 3. Ratification. All other terms of the Employment Agreement as amended hereby
are hereby ratified and confirmed by each party. 
 IN WITNESS WHEREOF, the parties have executed this Amendment effective as
set forth above. 
  

											
		 		 		 		 	“EMPLOYEE”
					
		 		 		 		 	 /s/ Jeffrey S. Smith

		 		 		 		 	JEFFREY S. SMITH
					
		 		 		 		 	“EMPLOYER”
				
		 	Attest:	 		 	OUTBACK STEAKHOUSE OF FLORIDA, LLC,
		 		 		 		 	a Florida limited liability company
						
		 		 		 		 	By:	 	OSI RESTAURANT PARTNERS, LLC,
		 		 		 		 		 	a Delaware limited liability company and its managing member
						
		 	By:	 	 /s/ Kelly Lefferts
	 		 	By:	 	 /s/ Joseph J. Kadow

		 		 	Kelly Lefferts, Assistant Secretary	 		 		 	Joseph J. Kadow, Executive Vice President

 1 of 1