EX-10.15



 Exhibit 10.15 
 BJ’S RESTAURANTS, INC. 
 2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT 
 (for Non-Employee Directors) 
 This Restricted Stock Unit Agreement (this
“AGREEMENT”), is made and entered into on the execution date of the Restricted Stock Unit Certificate to which it is attached (the “CERTIFICATE”), by and between BJ’s Restaurants, Inc., a California corporation (the
“COMPANY”), and the member of the Board of Directors of the Company (“GRANTEE”) named in the Certificate. 

Pursuant to the BJ’s Restaurants, Inc. 2005 Equity Incentive Plan, as amended or restated from time to time (the “PLAN”),
the administrator of the Plan (the “Administrator”) has authorized the grant to Grantee of restricted stock units (“RESTRICTED STOCK UNITS” or “AWARD”), upon the terms and subject to the conditions set forth in this
Agreement and in the Plan. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Plan. ). 
 NOW, THEREFORE, in consideration of the premises and the benefits to be derived from the mutual observance of the covenants and promises contained herein and other good and valuable consideration, the
sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1. BASIS FOR AWARD. This Award is made in accordance with
Section 11 of the Plan. The Grantee hereby receives as of the date hereof an Award of Restricted Stock Units pursuant to the terms of this Agreement (the “Grant”). 
 2. UNITS AWARDED. 
 (a) The Company hereby awards to the Grantee, Restricted Stock
Units for the Hypothetical Number Of Shares set forth in the Certificate. Restricted Stock Units are hypothetical Common Stock units having a value equal to the Fair Market Value of an identical number of shares of the Company’s Common Stock.
Each restricted stock unit represents a right to receive one share of Common Stock from the Company at the Payment Date set forth in the Certificate. 
 (b) The Company shall in accordance with the Plan establish and maintain a Restricted Stock Unit Account for the Grantee, and such account shall be credited for the number of Restricted Stock Units
granted to the Grantee. The Restricted Stock Unit Account shall be credited for any securities or other property (including regular cash dividends) distributed by the Company in respect of its Common Stock. Any such property shall be subject to the
same vesting schedule as the Restricted Stock Units to which they relate. 
 (c) Until the Restricted Stock Units awarded to the
Grantee shall have vested and becomes payable on the Payment Date specified in the Certificate, the Restricted Stock Units and any related securities, cash dividends or other property nominally credited to a Restricted Stock Unit Account may not be
sold, transferred, or otherwise disposed of and may not be pledged or otherwise hypothecated. 
 3. VESTING. The Restricted Stock Units covered
by this Agreement shall vest subject to the Vesting Schedule and Criteria set forth in the Certificate. Unless the Certificate specifies a different vesting schedule, Restricted Stock Units covered by this Agreement shall vest in three equal
installments on each of the first, second and third yearly anniversaries of the grant date. Upon the occurrence of a Change in Control, the Restricted Stock may become 100% vested as provided in the Plan. Notwithstanding anything to the contrary set
forth in the Plan, if the Grantee ceases Active Status for any other reason or if the Grantee ceases to serve as a director, officer, or employee of the Company for reasons other than his or her Retirement or his or her death at a time during which
he or she was eligible for Retirement, the unvested Restricted Stock Units shall be forfeited immediately. 
 4. PAYMENT. As soon as practicable
after the Payment Date set forth in the Certificate, payment shall be made in shares of Common Stock. If the Certificate does not specify a Payment Date, the Payment Date shall be the Vesting Date. The Administrator shall cause a stock certificate
to be delivered to the Grantee with respect to such 







 
shares free of all restrictions hereunder, except for applicable federal securities laws restrictions. Any securities, cash dividends or other property credited to the Restricted Stock Unit
Account other than Restricted Stock Units shall be paid in kind, or, in the discretion of the Administrator, in cash. 
 5. [Intentionally
omitted] 
 6. COMPLIANCE WITH LAWS AND REGULATIONS. The issuance of Shares upon vesting of the Restricted Stock Units shall be subject to
compliance by the Company and the Grantee with all applicable requirements of securities laws, other applicable laws and regulations of any stock exchange or interdealer quotation system on which the Common Stock may be listed at the time of such
issuance or transfer. The Grantee understands that the Company is under no obligation to register or qualify the Shares with the Securities and Exchange Commission (“SEC”), any state securities commission or any stock exchange to effect
such compliance. 
 7. TAX WITHHOLDING. The Grantee agrees that no later than the date as of which the Restricted Stock Units vest, the Grantee
shall pay to the Company (in cash or to the extent permitted by the Administrator, Shares held by the Grantee whose Fair Market Value on the day preceding the date the Restricted Stock Units vests is equal to the amount of the Grantee’s tax
withholding liability) any federal, state or local taxes of any kind required by law to be withheld, if any, with respect to the Restricted Stock Units for which the restrictions shall lapse (except that withholding of applicable income taxes will
be deferred until delivery of such the shares of Common Stock underlying such Restricted Stock Units if Grantee elected to receive such shares at a time subsequent to vesting in accordance with the terms of the Certificate). Alternatively, the
Company or its Affiliates shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to the Grantee (including payments due when the Restricted Stock Units vest) any federal, state or local taxes of
any kind required by law to be withheld with respect to the shares of Restricted Stock Units. 
 8. SECTION 409A LIMITATION. It is the parties
intention that this arrangement comply with Internal Revenue Code Section 409A. In the event the Administrator determines at any time that this Restricted Stock Unit constitutes “nonqualified deferred compensation” within the meaning
of Section 409A of the Code, notwithstanding any provision of the Plan or this Agreement to the contrary, the Award shall satisfy the additional conditions applicable to nonqualified deferred compensation under Section 409A of the Code.
Therefore, unless the parties explicitly agree that this provision is inapplicable, notwithstanding anything to the contrary in this or any other agreement: 
 (a) A deferral election or second election or change in the time or form of benefit payments that would violate Section 409A shall have no legal effect, and the Grantee shall have the right to
receive the amount (and will be taxable on it) as if it had been paid when it would have been paid absent the illegal election. The Grantee promises to repay, with interest at the applicable federal rate, any amount paid prior to the specified
Payment Date in violation of Section 409A. 
 (b) If the Company mistakenly defers more than the Grantee elected, the
excess amount deferred shall be a nonelective Company deferral payable at the time and in the manner as the elected deferral. The Grantee hereby authorizes withholding the mistaken amount from his or her Award. 

(c) If the Company mistakenly defers less than the Grantee elected, the deficiency shall be credited to the Grantee as soon as
discovered. The Grantee’s Award thereafter shall be reduced (without adverse consequences to the Company) in a reasonable way specified by the Company to offset the cost of correcting the deficiency. 

(d) In lieu of the foregoing, the Company unilaterally may take any other steps that will prevent any of the errors described above from
violating Section 409A. 
 (e) Notwithstanding the foregoing, the Company shall have no liability to any Participant or any
other person if the terms of this Award do not satisfy the additional conditions applicable to nonqualified deferred compensation under Section 409A of the Code and Section 8 of the Plan. 

9. NONTRANSFERABILITY. This Award is not transferable except as specifically permitted pursuant to Section 7(e) of the Plan. 







 10. NO RIGHT TO CONTINUED SERVICE. Nothing in this Agreement shall be deemed by implication or otherwise to
impose any limitation on any right of the Company or any of its Affiliates or its shareholders to terminate the Grantee’s Continuous Service at any time, in the absence of a specific written agreement to the contrary. 

11. REPRESENTATIONS AND WARRANTIES OF GRANTEE. The Grantee represents and warrants to the Company that: 

(a) Agrees to Terms of the Plan. The Grantee has received a copy of the Plan and has read and understands the terms of the Plan and this
Agreement, and agrees to be bound by their terms and conditions. The Grantee acknowledges that there may be adverse tax consequences upon the vesting of Restricted Stock Units or thereafter if the Award is paid and the Grantee later disposes of the
Shares, and that the Grantee should consult a tax advisor prior to such time. 
 (b) Cooperation. The Grantee agrees to sign
such additional documentation as may reasonably be required from time to time by the Company. 
 12. ADJUSTMENT UPON CHANGES IN CAPITALIZATION.
In the event of a change in capitalization of the Company as a result of events of the type described in Section 5 of the Plan, the Administrator may make appropriate adjustments to the number and class of shares relating to the Restricted
Stock Units as it deems appropriate, in its sole discretion, to preserve the value of this Award. The Administrator’s adjustment shall be made in accordance with the provisions of Section 5 of the Plan and shall be effective and final,
binding and conclusive for all purposes of the Plan and this Agreement. 
 13. GOVERNING LAW; MODIFICATION. This Agreement shall be governed by
the laws of the State of California without regard to the conflict of law principles. The Agreement may not be modified except in writing signed by both parties. 
 14. DEFINED TERMS. Except as otherwise provided herein, or unless the context clearly indicates otherwise, capitalized terms used but not defined herein have the definitions as provided in the Plan. The
terms and provisions of the Plan are incorporated herein by reference, and the Grantee hereby acknowledges receiving a copy of the Plan. In the event of a conflict or inconsistency between the discretionary terms and provisions of the Plan and the
provisions of this Agreement, the Plan shall govern and control. 
 15. MISCELLANEOUS. The masculine pronoun shall be deemed to include the
feminine, and the singular number shall be deemed to include the plural unless a different meaning is plainly required by the context.