Document:

EX-10.4

 

Exhibit 10.4

Restricted Stock Award Notice and Agreement

(Employee)

	 	 	 	 	 	 	 
	Bob Evans Farms, Inc.	 	Optionee: 	 	Award Number: 
	ID: 31-4421866

3776 South High Street

Columbus, OH 43207

	 	 	 	Plan:
	 	First Amended

and Restated 1998

Stock Option and

Incentive Plan
	 

	 	 	 	ID:
	 	 

Effective «DATE_OF_GRANT», you have been granted a Restricted Stock Award consisting of
«M___shares» shares of common stock, par value $0.01 per share, of Bob Evans Farms, Inc.
(the “Company”). You will not receive the common stock subject to this Restricted Stock
Award unless and until the applicable vesting conditions are satisfied. These vesting
conditions and the other terms of this Restricted Stock Award are explained on the
reverse side of this document.

	 	 	 	 	 
	 	 	BOB EVANS FARMS, INC.

	 

	 	By:
	 	 
	 

	 	 	 	[Name]

[Title]

Date: 

This Restricted Stock Award Notice and Agreement is not a stock certificate or a negotiable
instrument. The stock subject to this Restricted Stock Award Notice and Agreement cannot be
transferred, pledged, assigned or otherwise encumbered until all applicable vesting conditions are
satisfied

By your receipt of this Restricted Stock Award Notice and Agreement, you and the Company agree that
this Restricted Stock Award is granted under and governed by the terms and conditions of the Bob
Evans Farms, Inc. First Amended and Restated 1998 Stock Option and Incentive Plan, including the
terms and conditions set forth on the reverse side of this Restricted Stock Award Notice and
Agreement.

Section 409A of the Internal Revenue Code (“Section 409A”) imposes substantial penalties on persons
who receive some forms of deferred compensation. Your Restricted Stock Award has been designed to
avoid these penalties. However, because the Internal Revenue Service has not yet issued rules
fully defining the effect of Section 409A, it may be necessary to revise your Restricted Stock
Award Notice and Agreement if you are to avoid these penalties. By accepting this Restricted Stock
Award, you agree to accept those revisions, without any further consideration, even if those
revisions change the terms of your Restricted Stock Award and reduce its value or potential value.

 

 

Bob Evans Farms, Inc.

First Amended and Restated

1998 Stock Option and Incentive Plan

Restricted Stock Award Notice and Agreement

Bob Evans Farms, Inc. (the “Company”) is pleased to inform you that you have been granted a
“Restricted Stock Award.” Your Award has been awarded under the Bob Evans Farms, Inc. First
Amended and Restated 1998 Stock Option and Incentive Plan (the “Plan”), which, together with this
Restricted Stock Award Notice and Agreement (“Agreement”), sets forth the terms and conditions of
this Award and is incorporated by reference into this Agreement. A prospectus describing the Plan
in more detail has been delivered to you. Copies of the Plan and the prospectus are also available
at our Compensation Department. The Plan and the prospectus contain important information and we
urge you to review them carefully.

	 	 	 
	Award Information:
	 	 
	Grantee:

	 	 
	Grant Date:

	 	 
	Number of Shares of Restricted Stock Awarded:

	 	 

What is a Restricted Stock Award?

A Restricted Stock Award is a grant of shares of common stock, par value $0.01, of the Company
(“Shares”), but your right to receive the Shares is subject to a risk of forfeiture and other
restrictions that will lapse or “vest” upon the occurrence of certain events. We call the Shares
subject to this Restricted Stock Award “Restricted Stock.” Until the vesting requirements are
satisfied, your Restricted Stock will be credited to an account maintained for you by the Company.
You will not receive certificates for the Restricted Stock unless and until the vesting
requirements are satisfied.

Vesting:

You will satisfy the vesting requirements for your Restricted Stock Award pursuant to the following
schedule:

	 	 	 
	On

	 	The Following Number of Shares of Restricted Stock Will Vest
	 

	 	 
	 
	 	 
	 
	 	 
	 
	 	 

As soon as administratively feasible after each vesting date, you will be issued Shares equal in
number to the number of Shares of Restricted Stock then vesting.

You also will satisfy the vesting requirements if you retire (as defined in the Plan), die or
become disabled (as defined in the Plan) before the dates shown in this table

If your employment with the Company (and its subsidiaries) ends for any reason (other than
retirement, death or disability) before the dates specified in the table above, you will forfeit
the unvested portion of the Restricted Stock credited to your account.

Effect of a Change in Control of the Company: This Award will vest immediately and become
fully exercisable if, within 36 months after a change in control of the Company, the Plan is
terminated and not replaced simultaneously with a similar program providing comparable benefits. A
“change in control” is defined in the Plan.

Restrictions on Transfer of Restricted Stock: You may not pledge, transfer, assign,
mortgage, sell or otherwise dispose or encumber any of the shares subject to this Restricted Stock
Award until they are vested. Additionally, no interest in your Restricted Stock Award may be
subject to seizure for the payment of debts, judgments, alimony, or be reached or transferred in
the event you become bankrupt or insolvent until those shares vest. Once the vesting requirements
are satisfied, the Company does not impose any restrictions on the resale of the Shares issued to
you. However, certain restrictions may be imposed by the federal securities laws on the resale of
the Shares you acquire under the Plan. See “Section 16 Officers and Affiliates” below.

Rights as a Stockholder: During the period in which your Restricted Stock has not vested,
you will have all of the rights of a stockholder of the Company with respect to the Restricted
Stock, including the right to vote the Restricted Stock and to receive cash dividends paid on the
Restricted Stock (any dividends paid in Shares will be held in the escrow account and distributed
or forfeited when the Shares upon which they were paid are distributed or forfeited). However, you
will not be entitled to receive dividends or vote on matters with record dates prior to the Grant
Date, or record dates on or after the date you forfeit your Restricted Stock Award.

Tax Withholding: The Company must withhold federal, state and local taxes in connection
with the vesting of your Restricted Stock and the Company has the right to require these payments
from you. Unless you pay the Company the amount of these taxes in cash within 90 days of the date
your Restricted Stock Award vests, the Company will withhold a number of the Shares of Restricted
Stock you would otherwise receive having a “Fair Market Value” equal to the amount of tax
withholding liability. The “Fair Market Value” of the Company’s Shares, on any given date, is the
last reported closing price of the Shares on the NASDAQ National Market System.

Tax Consequences: This brief discussion of the federal tax rules that affect your
Restricted Stock Award is provided as general information (not as personal tax advice) and is based
on the Company’s understanding of federal tax laws and regulations in effect as of the date of this
Restricted Stock Award.

You should consult with a tax or financial adviser to ensure you fully understand the tax
ramifications of your Restricted Stock Award.

You will not be required to pay ordinary income taxes on the value of this Restricted Stock Award
when issued. However, you will be required to pay federal, state and local income, wage and
employment taxes when the vesting requirements are met. The amount taxed is the full Fair Market
Value of the Restricted Stock on the date the vesting requirements are satisfied. The Company must
withhold these taxes (see discussion of “Tax Withholding”). When you sell the Shares you acquire
through this Restricted Stock Award, the difference between their Fair Market Value when sold and
the Fair Market Value on the vesting date will be taxed as a long term capital gain (or loss), if
you sell the Shares more than one year after the vesting date, or as a short term capital gain (or
loss), if you sell the Shares one year or less after the vesting date.

Plan Controls: The terms contained in the Plan are incorporated into and made a part of
this Agreement and this Agreement shall be governed by and construed in accordance with the terms
of the Plan. In the event of any actual or alleged conflict between the terms of the Plan and
terms of this Agreement, the terms of the Plan shall be controlling and determinative.

Section 16 Officers and Affiliates: If you are an executive officer of the Company subject
to the requirements of Section 16 of the Securities Exchange Act of 1934, as amended, you are
responsible for ensuring that all the requirements of Section 16 are met, including filing notices
of your receipt of this Restricted Stock Award with the Securities and Exchange Commission on a
Form 4. Additionally, certain restrictions are imposed by the federal securities laws on the
resale of Shares acquired under the Plan by persons deemed to be “affiliates” of the Company. An
“affiliate” is a person who possesses the power (direct or indirect) to direct or cause the
direction of the Company’s management or policies.

IRS CIRCULAR 230 DISCLOSURE: In order to ensure compliance with requirements imposed by the U.S.
Internal Revenue Service, we inform you that any federal tax advice contained in this communication
(including any attachments) is not intended or written to be used, and it cannot be used, by any
taxpayer for the purpose of (i) avoiding penalties that may be imposed under the U.S. Internal
Revenue Code or (ii) promoting, marketing, or recommending to another person, any transaction or
other matter addressed herein.EX-10.5

 

Exhibit 10.5

Cash Award Notice and Agreement

	 	 	 	 	 
	Bob Evans Farms, Inc.

ID: 31-4421866

	 	 
	 	Award Number: 

ID:
	3776 South High Street

Columbus, OH 43207
	 	 	 	 

Effective «DATE_OF_GRANT», you have been granted a Cash Award. You will receive the cash
subject to this award only if and when the applicable vesting conditions are satisfied.
These vesting conditions and the other terms of this Cash Award are explained on the
reverse side of this document.

The total cash you will receive if all applicable conditions are met is «TOTAL_VALUE».

	 	 	 	 	 
	 	 	BOB EVANS FARMS, INC.

	 

	 	By:
	 	 
	 

	 	 	 	[Name]

[Title]

Date: 

This Cash Award Notice and Agreement is not a negotiable instrument. The cash subject to this
Cash Award cannot be transferred, pledged, assigned or otherwise encumbered until all applicable
vesting conditions are satisfied.

By your receipt of this Cash Award Notice and Agreement, you and Bob Evans Farms, Inc. agree that
this Cash Award is granted under and governed by the terms and conditions set forth on the reverse
side of this Cash Award Notice and Agreement.

Section 409A of the Internal Revenue Code (“Section 409A”) imposes substantial penalties on persons
who receive some forms of deferred compensation. Your Cash Award has been designed to avoid these
penalties. However, because the Internal Revenue Service has not yet issued rules fully defining
the effect of Section 409A, it may be necessary to revise your Cash Award Notice and Agreement if
you are to avoid these penalties. By accepting this Cash Award, you agree to accept those
revisions, without any further consideration, even if those revisions change the terms of your Cash
Award and reduce its value or potential value.

 

 

Cash Award Notice and Agreement

Bob Evans Farms, Inc. (the “Company”) is pleased to inform you that you have been granted a “Cash
Award.” This Cash Award Notice and Agreement sets forth the terms and conditions of this Cash
Award. We urge you to review the following information carefully.

	 	 	 
	Cash Award Information:
	 	 
	Awardee:

	 	 
	Cash Award Date:

	 	 
	Amount of Cash Award:

	 	 

Vesting:

You will satisfy the vesting requirements for your Cash Award pursuant to the following schedule:

	 	 	 
	On

	 	The following Amount of Cash Will Vest
	 

	 	 
	 

	 	 
	 

	 	 
	 

	 	 

You also will satisfy the vesting requirements if you die, become disabled or retire before the
dates shown in this table.

Your vested cash award will be given to you as soon as administratively feasible after it vests.

“Disability” means that, due to an illness or accident you are unable to perform your duties for
the period of time benefits are payable under the Company’s short-term disability plan, as
determined by an independent physician selected by the Company provided that you do not return to
work full-time within 30 days after the Company notifies you that you are being terminated because
of disability.

“Retire” means that you voluntarily terminate employment from the Company and all related entities
on or after reaching age 55 and being credited with at least 10 years of service.

If your employment with the Company (and its subsidiaries) ends for any reason (other than
retirement, death or disability) before the dates specified in the table above, you will forfeit
the unvested portion of your Cash Award.

Restrictions on Transfer of a Cash Award: You may not pledge, transfer, assign, mortgage,
sell or otherwise dispose or encumber your unvested Cash Award. Additionally, no interest in your
unvested Cash Award may be subject to seizure for the payment of debts, judgments, alimony, or be
reached or transferred in the event you become bankrupt or insolvent.

Tax Withholding: The Company must withhold federal, state and local taxes in connection
with the vesting of your Cash Award. This amount will be deducted from the amount of cash actually
paid to you.

Tax Consequences: This brief discussion of the federal tax rules that affect your Cash
Award is provided as general information (not as personal tax advice) and is based on the Company’s
understanding of federal tax laws and regulations in effect as of the date of this Cash Award.

You should consult with a tax or financial adviser to ensure you fully understand the tax
ramifications of your Cash Award.

You will not be required to pay ordinary income taxes on the value of this Cash Award when issued.
However, you will be required to pay federal, state and local income, wage and employment taxes
when the vesting requirements are met. The amount taxed is the vested portion of the Cash Award on
the date the vesting requirements are satisfied. The Company must withhold these taxes (see
discussion of “Tax Withholding”).

IRS CIRCULAR 230 DISCLOSURE: In order to ensure compliance with requirements imposed by the U.S.
Internal Revenue Service, we inform you that any federal tax advice contained in this communication
(including any attachments) is not intended or written to be used, and it cannot be used, by any
taxpayer for the purpose of (i) avoiding penalties that may be imposed under the U.S. Internal
Revenue Code or (ii) promoting, marketing, or recommending to another person, any transaction or
other matter addressed herein.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]