Document:

Amended and Restated Directors' Deferred Compensation Plan

 Exhibit 10.11 
 MIDAS, INC. 
 AMENDED AND RESTATED DIRECTORS’ DEFERRED COMPENSATION PLAN 
 (amended and restated as of November 11, 2008) 
 Midas, Inc. (the “Company”) desires to establish a Directors’ Deferred Compensation Plan (the “Plan”) to assist it in attracting and retaining persons of competence and stature to serve as
Directors of the Company by giving them the option of using their Board and Board Committee annual retainer and meeting attendance fees from the Company (the “Fees”) to purchase shares of the Company’s Common Stock (the “Common
Stock”) or of deferring receipt of such Fees in the form of cash units and units representing shares of Common Stock. The terms of the Plan are set forth below. 
 1. Effective Date. The Plan is effective upon its approval by the Company’s shareholders. 
 2. Participation. Each non-officer Director (“Eligible Director”) may elect to have all or a portion of his or her Fees paid in the form of shares of Common Stock or to defer receipt of such Fees. Each Eligible
Director who makes such an election shall be a Plan Participant. Any election to defer receipt of Fees under this plan shall be made in the form and manner as required by the Administrator, as defined below. 
 3. Administration. The Company’s Board of Directors (the “Board”) shall designate from time to time a non-director officer
of the Company to act as the administrator of the Plan (the “Administrator”). The Administrator shall administer, construe and interpret the Plan. The Administrator shall not be liable for any act done or determination made in good faith.
The expense of administering the Plan shall be borne by the Company and shall not be charged against benefits payable hereunder. 
 4.
Common Stock Subject to the Plan. The aggregate number of shares of Common Stock that may be issued under the Plan shall not exceed one hundred thousand (100,000), which shall be adjusted appropriately by the Administrator for any stock
dividend, split, combination or other change in the Common Stock (including, without limitation, pursuant to any merger, acquisition or other transaction). 
 5. Conversion of Fees into Shares. Prior to first day of each calendar year, an Eligible Director may elect to have all or a portion of his or her Fees paid in the form of shares of Common Stock by
executing the Fee Conversion Form attached as Exhibit A. The number of 

 
shares to be issued to an electing Eligible Director shall be determined by dividing the dollar amount of the Fees subject to the election by the Market
Value (as defined in Paragraph 6(b)) of the Common Stock on the date that the Fees would have otherwise been paid. The shares of Common Stock shall be issued to the Eligible Director as soon as practicable following the date on which the Fees
subject to the election would have otherwise been paid. 
 6. Deferral of Fees. 
 (a) Deferral Election. Prior to first day of each calendar year, an Eligible Director may elect to defer all or a portion of the Fees
otherwise payable to that Eligible Director for such calendar year (the “Plan Year”) by executing the Deferral Election Form attached as Exhibit B. In addition to deferring Fees, the Deferral Election Form for each Plan Year will require
the Eligible Director to elect to have the deferred Fees credited on the Company’s books in the form of share units, with each share unit representing a share of Common Stock, or cash units, with each cash unit representing the right to receive
the fixed amount of cash the cash unit represents, plus any interest determined pursuant to Section 6(c). 
 (b) Crediting to Plan
Year Accounts. An account (the “Plan Year Account”) shall be established on the Company’s books to record a Participant’s deferrals resulting from each annual Deferral Election, which shall be credited in the form of cash
units and share units. Each Plan Year Account shall be credited with an amount equivalent to the Fees that would have otherwise been paid to the Participant, such credit to be made on the date on which the Fees would have been paid absent a Deferral
Election. The number of share units to be credited to a Plan Year Account shall be determined by dividing the dollar amount of the deferred Fees by the Market Value of the Common Stock on the date the Fees would have otherwise been paid. The
“Market Value” of the Common Stock as of a given date means the closing price of the Common Stock on the New York Stock Exchange (as reported in the Midwest Edition of The Wall Street Journal) on such given date or, if shares were not
traded on such date, on the next preceding date on which shares were traded; provided that, if the Common Stock is traded on an exchange or market in which prices are reported on a bid and asked price, Market Value shall mean the average of the mean
between the bid and the asked price for the Common Stock at the close of trading for the ten consecutive trading days immediately preceding such given date; and provided further that, if the Common Stock is not listed on a national securities
exchange nor traded on the over-the-counter market, the Market Value shall be determined by the Administrator in good faith. 
  

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 (c) Dividend and Interest Credits. Each Plan Year Account that holds share units shall be
adjusted appropriately by the Administrator for dividends on the Common Stock as of the dividend payment date, which adjustment shall be in the form of additional share units determined by multiplying the number of units then credited to the Plan
Year Account by the ratio of the dollar amount of the dividend per share over the current Market Value of the Common Stock. The Administrator shall also adjust appropriately the number of share units in each Plan Year Account for any stock dividend,
split, combination or other change in the Common Stock (including, without limitation, pursuant to any merger, acquisition or other transaction). Cash units credited to a Plan Year Account shall accrue interest compounded monthly based on the prime
commercial lending rate as quoted in the Midwest Edition of The Wall Street Journal as of the first business day of each month. Each Participant shall receive semi-annual statements of the balances in that Participant’s Plan Year Accounts.

 7. Payment of Plan Year Accounts. A Participant must execute the Payment Election Form attached as Exhibit C at the time
each Deferral Election is made under Paragraph 6(a), indicating the date on which payment of the amounts credited to the Participant’s Plan Year Account to which that Deferral Election relates will commence and the payment method. The payment
commencement date for a particular Plan Year Account can be no earlier than two (2) calendar years from the last day of the Plan Year for which deferrals are made to that Account. Payment may be made in a single lump-sum or a maximum of ten
(10) substantially equal annual installments, as elected on the Deferral Election. The commencement date and method of payment may vary with each separate Deferral Election and Plan Year Account. Share units shall be paid only in the shares of
Common Stock, with any fractional share paid in cash, and cash units shall be paid only in an equivalent amount of cash. Notwithstanding any payment election made by a Participant, the aggregate balance of the Participant’s Plan Year Accounts
shall be paid in a single lump-sum to the Participant as soon as practicable following termination of the Participant’s directorship which also constitutes a “separation from service” for purposes of Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”) and any regulations promulgated thereunder. The right to any series of installment payments hereunder shall be treated as the right to a series of separate payments for purposes of Code
§ 409A and Treasury Regulation § 1.409A-2(b)(2)(iii). Notwithstanding any other payment schedule 

  

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provided herein to the contrary, if the Eligible Director is deemed on the date of termination to be a “specified employee” within the meaning of
that term under Code § 409A(a)(2)(B), then with regard to any payment that is considered deferred compensation under Code Section 409A payable on account of a “separation from service,” such payment shall be made on the date
which is the earlier of (A) the expiration of the six (6)-month period measured from the date of such “separation from service” of the Executive, and (B) the date of the Executive’s death (the “Delay
Period”) to the extent required under Code Section 409A. Upon the expiration of the Delay Period, all payments delayed pursuant to the previous sentence (whether they would have otherwise been payable in a single sum or in installments
in the absence of such delay) shall be paid to the Eligible Director in a lump sum, and all remaining payments due under this Plan shall be paid or provided in accordance with the normal payment dates specified for them herein. 
 8. Early Payment. A Participant may file a written request with the Administrator for payment from his or her Plan Year Accounts due to an
unforeseeable emergency that is caused by an event beyond the control of the Participant and that would result in severe financial hardship to the Participant if payment were not permitted, such as may result from a sudden and unexpected illness or
accident not covered by insurance, loss of property due to casualty, or similar circumstance; provided that such payment event qualifies as an “unforeseeable emergency” under Code § 409A and any regulations promulgated thereunder
and is made solely to the extent allowed under Code § 409A and any regulations promulgated thereunder. 
 9. Payment in the
Event of Death. In the event that a Participant’s service is terminated by reason of death, the Company shall, within sixty (60) days thereafter, pay the aggregate balance of the Participant’s Plan Year Accounts to the
Participant’s beneficiary or beneficiaries in the form of a single lump-sum. Each Participant may designate one or more death beneficiaries by executing the Beneficiary Designation Form attached as Exhibit D. The designated beneficiary or
beneficiaries may be changed by a Participant at any time prior to the Participant’s death by the delivery to the Administrator of a new Beneficiary Designation Form. If no beneficiary has been designated, or if no designated beneficiary
survives the Participant, payments pursuant to this Paragraph 9 shall be made to the Participant’s estate. 
 10. Assignment and
Alienation of Benefits. Except to the extent provided in Paragraph 9 or pursuant to a domestic relations order issued by a court of proper authority (which order specifies the amount and timing of any payment to a Participant’s former
spouse), no Participant or beneficiary may sell, assign, transfer, encumber, or otherwise dispose of the right to receive payments hereunder. 
  

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 11. Unsecured Obligation. The obligation of the Company to make payments of amounts
credited to the Participant’s Plan Year Accounts shall be a general unsecured obligation of the Company, and such payment shall be made from general assets and property of the Company. The Participant’s relationship to the Company under
the Plan shall be only that of a general unsecured creditor and neither this Plan, nor any agreement entered into hereunder, or action taken pursuant hereto, shall create or be construed to create a trust for purposes of holding and investing the
Plan Year Account balances. The Company reserves the right to establish such a trust, but such establishment shall not create any rights in or against any amounts held thereunder. 
 12. Amendment or Termination. The Board may amend or terminate this Plan at any time and from time to time, provided that the aggregate
number of shares that may be issued pursuant to the Plan may not be increased without shareholder approval. Any amendment or termination of this Plan shall not affect the rights of a Participant accrued prior thereto without the Participant’s
written consent. 
 13. Taxes. The Company is not responsible for any of the income taxes resulting from an Eligible
Director’s participation in the Plan. The Company shall comply with all applicable tax reporting requirements relating to payments under the Plan. 
 14. No Right to Continued Directorship. Nothing in this Plan confers upon any Director the right to continue as a member of the Board or interferes with the rights of the Company and its shareholders to
remove any Director in accordance with the Company’s bylaws.  
 15. Applicable Law. This Plan is governed under
the laws of the State of Illinois. 
 * * * * * 
 The Company has caused this Plan to be executed this 11th day of November 2008. 
 MIDAS, INC. 
  

	
	 /s/ Alvin K. Marr

	Alvin K. Marr, Senior Vice President and Secretary

  

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 EXHIBIT A 
 MIDAS, INC. DIRECTORS’ DEFERRED COMPENSATION PLAN 
 FEE CONVERSION ELECTION FORM FOR EACH
PLAN YEAR 
 I hereby elect that     % (FILL IN) of my Board and Board Committee annual retainer and meeting attendance fees to
be earned during the next calendar year be distributed to me in shares of the Company’s Common Stock. The shares should be delivered to me as follows (COMPLETE ONE OF THE FOLLOWING): 
  

					
	METHOD 1:	 	Stock certificates in the name of	  	  

					
			
	METHOD 2:	 	Electronic transfer of stock as follows -	 	  

		
		 	  

 Your Fee Conversion Election is effective only for the single calendar year to which it applies.

  

							
	  
	 		 	Date:	  	  

	PARTICIPANT	 		 		  	
				
	Accepted by Administrator:	 		 		  	
				
	  
	 		 	Date:	  	  

 EXHIBIT B 
 MIDAS, INC. DIRECTORS’ DEFERRED COMPENSATION PLAN 
 DEFERRAL ELECTION FORM FOR EACH PLAN
YEAR ACCOUNT 
 I hereby elect that     % (FILL IN) of my Board and Board Committee annual retention and meeting attendance fees
to be earned during the next calendar year be deferred and credited to my Plan Year Account. 
 I hereby further elect all amounts to be deferred to my Plan
Year Account for the next calendar year be credited in the form of share units and/or cash units (as such terms are defined in the Plan) in the following percentages (FILL IN ONE OR BOTH OF THE FOLLOWING): 
  

				
	 Cash Units:
	  	    	%
		
	 Share Units:
	  	    	%
	 Total:
	  	100	%

 Your Deferral Election is effective only for the single calendar year to which it applies. 
  

							
	  
	 		 	Date:	  	  

	PARTICIPANT	 		 		  	
				
	Accepted by Administrator:	 		 		  	
				
	  
	 		 	Date:	  	  

  

 7 

 EXHIBIT C 
 MIDAS, INC. DIRECTORS’ DEFERRED COMPENSATION PLAN 
 PAYMENT ELECTION FORM FOR EACH PLAN YEAR
ACCOUNT 
 ELECTION OF PAYMENT COMMENCEMENT DATE 
 The payment commencement date for a particular Plan Year Account can be no earlier than two (2) calendar years from the last day of the fiscal year for which deferrals are made to that Account. 
 I hereby designate             , 20    , (FILL IN) as the payment commencement date for
this Plan Year Account. 
 ELECTION OF FORM OF PAYMENT 
 I
hereby elect the following method for payment of my Plan Year Account (YOU MUST CHOOSE ONE): 
  

	•	 	 Method 1: Annual installment payments over      years (FILL IN A WHOLE NUMBER UP TO 10 YEARS). 

  

	•	 	 Method 2: Payment in a single lump-sum. 

 Despite
any payment election that you make, the total balance of your Plan Year Accounts will be paid in a single lump-sum to you as soon as practicable following certain terminations of your directorship, as provided in the Plan. 
  

							
	  
	 		 	Date:	  	  

	PARTICIPANT	 		 		  	
				
	Accepted by Administrator:	 		 		  	
				
	  
	 		 	Date:	  	  

  

 8 

 EXHIBIT D 
 MIDAS, INC. DIRECTORS’ DEFERRED COMPENSATION PLAN 
 BENEFICIARY DESIGNATION FORM 

 Complete this form to name beneficiaries who will receive your Plan Year Account balances remaining at the time of your death. You can change your
beneficiaries at any time by completing a new form. You must sign where indicated on the last page for this form to be valid. 
  

	I.	Participant  

  

			
	  
	  	
	Participant’s legal name (please print)	  	

  

	II.	Primary Beneficiaries 

 Your remaining Plan
Year Account balances will be paid only to those beneficiaries living at the time of your death. The proportions must total 100% of your Account balances. If proportions are not indicated, or do not total 100%, your remaining Account balances will
be paid in equal shares to the designated beneficiaries. If any of your primary beneficiaries is not living at the time of your death, your remaining Account balances will be divided proportionately among the remaining primary beneficiaries.

 In the event of my death, pay my Plan Year Account balances to (if additional beneficiaries are designated, attach the required
information on a separate page): 
  

															
	  
	 		  	  

	Name	  		  		 		  	Social Security Number	 		  		 	
					
	  
	 		  	  
	  	  
	 	%
	Relationship	  		  		 		  	Date of Birth	 		  	Proportion	 	
	
	  

	Address	  	City	  	State	 		  		 		  	Zip	 	
			
	  
	 		  	  

	Name	  		  		 		  	Social Security Number	 		  		 	
					
	  
	 		  	  
	  	  
	 	%
	Relationship	  		  		 		  	Date of Birth	 		  	Proportion	 	
	
	  

	Address	  	City	  	State	 		  		 		  	Zip	 	
		  		  		 		  		 	  
	  		 	
		  		  		 		  		 	TOTAL	  	100%

  

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	III.	Secondary Beneficiaries 

 Your remaining Plan
Year Account balances will be paid to secondary beneficiaries only (1) if none of your primary beneficiaries is living at the time of your death, or (2) if all of your primary beneficiaries die before your Account balances has been
completely paid. The proportions must total 100%. If proportions are not indicated, or do not total 100%, your remaining Account balances will be paid in equal shares to the designated beneficiaries. If any of your secondary beneficiaries is not
living at the time of your death or on the date that your last surviving primary beneficiary dies, your remaining Account balances will be divided proportionately among the remaining secondary beneficiaries. 
 If none of my primary beneficiaries is living at the time of my death or if all of my primary beneficiaries die before my Plan Year Account balances has
been completely paid, pay my Account balances to (if additional beneficiaries are designated, attach the required information on a separate page): 
  

															
	  
	 		  	  

	Name	  		  		 		  	Social Security Number	 		  		 	
					
	  
	 		  	  
	  	  
	 	%
	Relationship	  		  		 		  	Date of Birth	 		  	Proportion	 	
	
	  

	Address	  	City	  	State	 		  		 		  	Zip	 	
			
	  
	 		  	  

	Name	  		  		 		  	Social Security Number	 		  		 	
					
	  
	 		  	  
	  	  
	 	%
	Relationship	  		  		 		  	Date of Birth	 		  	Proportion	 	
	
	  

	Address	  	City	  	State	 		  		 		  	Zip	 	
		  		  		 		  		 	  
	  		 	
		  		  		 		  		 	TOTAL	  	100%

  

	IV.	Participant’s Signature 

 I hereby
revoke every previous designation of beneficiaries for this Plan. I understand that I may change my beneficiaries at any time by completing a new form, and that the change is effective when received in writing and accepted by the Administrator.

  

							
	  
	 		 	Date:	  	  

	PARTICIPANT	 		 		  	
				
	Accepted by Administrator:	 		 		  	
				
	  
	 		 	Date:	  	  

  

 10Severance Plan for Full Time Salaried (Exempt) and Hourly (Non-Exempt) Employees

 Exhibit 10.12 
 MIDAS, INC. 
 SEVERANCE PLAN 
 FOR 
 FULL TIME SALARIED (EXEMPT) 
 AND HOURLY (NON-EXEMPT) 
 EMPLOYEES

 Amended: Effective November 11, 2008 
 Summary Plan Description 

 HIGHLIGHTS 
 This
Summary Plan Description (this “Document”) describes the Midas, Inc. Severance Plan for Full Time Salaried (Exempt) and Hourly (Non-Exempt) Employees (the “Plan”). 
 The Plan applies to certain full-time employees of Midas, Inc., and any of its affiliated entities (collectively, the “Company”) and provides a broad range of severance and related benefits. Some of these
benefits are highlighted below, and all are described in more detail in this Document which follows. 
  

	•	 	 Severance Pay. You may receive severance pay if you sign, submit and do not revoke a severance agreement within 45 days of your termination date, as defined
below. Severance pay is available on the same pay periods on which you were previously paid. See Sections 3 and 4. 

  

	•	 	 Career Transition Services. If you are entitled to severance benefits, you may qualify for career transition assistance, as described in Section 5.

  

	•	 	 Health, Dental, and Basic Life Insurance. The Company will continue to provide medical, dental, and basic life insurance, so long as you are entitled to
receive severance payments. After severance payments cease, COBRA continuation coverage for health care benefits is available, and group life insurance can be converted to an individual policy without providing proof of insurability. See Sections 6
and 7. 

 Plan Name and Type 
 The name
of the severance plan is the Midas, Inc. Severance Plan for Full Time Salaried (Exempt) and Hourly (Non-Exempt) Employees. The Plan is considered a welfare plan under the Employee Retirement Income Security Act of 1974, as amended (ERISA). This
Document is to serve as both the plan document and the summary plan description. 
 The Plan supersedes and voids any other plan, policy or program
previously maintained by the Company. The effective date of the Plan is May 1, 2005. 
  

 i 

 TABLE OF CONTENTS 
  

					
	SECTION 1:	  	ELIGIBILITY AND PARTICIPATION	  	1
			
	SECTION 2:	  	SEVERANCE BENEFITS OVERVIEW	  	3
			
	SECTION 3:	  	SEPARATION AGREEMENT	  	3
			
	SECTION 4:	  	SEVERANCE PAY	  	4
			
	SECTION 5:	  	CAREER TRANSITION SERVICES	  	6
			
	SECTION 6:	  	HEALTH AND DENTAL CONTINUATION	  	6
			
	SECTION 7:	  	LIFE INSURANCE	  	7
			
	SECTION 8:	  	EFFECT ON OTHER BENEFITS	  	7
			
	SECTION 9:	  	OTHER PLAN INFORMATION	  	7

  

 ii 

 SECTION 1: ELIGIBILITY AND PARTICIPATION 
 In order to participate in the Plan, you must meet the eligibility and participation requirements described below and not be excluded for the reasons hereinafter
described. 
 ELIGIBILITY 
 Except as described below, the
Plan makes severance benefits available only to full-time salaried (exempt) and hourly (non-exempt) employees who the Company, in its sole discretion, determines are eligible for such benefits. Eligible employees under the Plan must, at a minimum,
be individuals who: 
  

	•	 	 are involuntarily terminated from active employment due to shut down of facilities, sale of all or part of a business (where the acquiring or purchasing company
does not offer continued employment), or job elimination (where the employee has not been offered a comparable job with the Company); 

  

	•	 	 are not covered by a collective bargaining agreement, unless such agreement provides for participation in this severance program; 

  

	•	 	 are not entitled to severance or similar benefits under any other program or arrangement sponsored or funded by the Company other than severance payments made
exclusively upon a severance in connection with a change in control of the Company; 

  

	•	 	 have not engaged in activities that would have been grounds for termination for cause; and 

  

	•	 	 remain at work until the separation date established by the Company or other mutually agreed date. 

 Employees who are terminated by reason of death, disability, retirement, discharge for cause, sale of all or part of a business (where the acquiring or purchasing
company offers continued employment), failure to return to work following a leave of absence, temporary layoff, or for any other reason not specified in the above paragraphs, shall not be considered eligible for severance pay. Temporary layoffs
generally include layoffs of one year or less. 
 An individual is ineligible to participate in the Plan if he or she is a leased employee, an independent
contractor, or any other individual who provides services to the Company and who is not treated as an employee by the Company, even if a court, administrative agency, or other entity determines that you are a common-law employee. 
 An employee is ineligible to participate in the Plan, if he or she is terminated for unacceptable performance or for a violation of any Company policies, as determined
by the Company in its sole discretion. 
  

 1 

 An employee is ineligible if the Company offers him or her a position with the Company that the Company determines to be
a position comparable to the position the employee held before the Company eliminated the employee’s prior position. 
 An employee is ineligible if the
employee has not returned all Company property in his or her possession or control and settled satisfactorily all expenses owed to the Company no later than 60 days after involuntary separation. 
 All employees that work at one or more company-owned and operated shop(s) are ineligible to participate in the Plan. 
 The Company may, in its sole discretion, offer an eligible employee greater or less severance pay and benefits than the pay and benefits provided for under the express
terms of the Plan. 
 The Plan Administrator, in its sole and complete discretion, shall determine whether an employee meets the Plan’s eligibility
criteria and whether the employee meets any of the conditions for ineligibility. Benefits under the Plan will be paid only if the Plan Administrator decides, in its sole discretion, that the employee is entitled to them. 
 You are required to return to the Company, any severance pay that was paid out to you by mistake of fact, law, or contrary to the terms of the Plan. No verbal or written
representation contrary to the express terms of the Plan is binding on any person or entity. The Plan does not confer employment rights on any person. Unlawful or unenforceable provisions may be severed from the Plan with the remaining provisions
continuing in full force and effect. 
 PARTICIPATION 
 If
you are eligible to participate in the Plan, you will receive a letter signed by an authorized Company official stating: 
  

	•	 	 that your employment has been terminated involuntarily, and 

  

	•	 	 that you are entitled to elect the severance benefits described in this Document by entering into a severance agreement within 45 days of your termination date, as
defined below. 

 In addition, the letter will state the date your employment ends (referred to in this Document as your “termination
date”). Issuance of this letter and signing the severance agreement are conditions to participation. Only eligible individuals who receive such a letter and sign the severance agreement and general release within 45 days of their termination
date may participate in the Plan. Otherwise eligible participants who the Company determines have engaged in activities that would have been grounds for termination for cause will forfeit all rights under the Plan. 
  

 2 

 SECTION 2: SEVERANCE BENEFITS OVERVIEW 
 Severance benefits are available under the Plan to employees who meet the eligibility and participation requirements, and elect to receive such benefits by entering into
a severance agreement. 
  

	•	 	 Requirements: You must meet the eligibility and participation requirements in Section 1. In addition, you must sign, submit and not revoke your
severance agreement within 45 days of your termination date, as described in Section 3. 

  

	•	 	 Benefits: Benefits include severance pay, and continuation of health, dental and life insurance benefits under the Midas Group Benefits Plan.

 After the end of the Company provided benefit continuation period, you may be eligible for COBRA continuation health coverage and group
life insurance conversion. 
 Each benefit mentioned above is described in detail in Sections 4 through 7 of this Document, which occasionally references
other documents. If you need a copy of any of the documents referenced or have any questions about your benefits, contact your Human Resources Representative. 
 SECTION 3: SEPARATION AGREEMENT 
 To receive severance benefits you must sign, submit and not revoke the confidential
separation agreement and release of all claims document (referred to as a “separation agreement” in this Document) within 45 days of your termination date, which confirms your rights under the Plan and provides the Company certain
protections authorized by law. 
 You may wish to consult with an attorney prior to signing the separation agreement. The employee bears the cost of any
attorney fees. The document should be signed and returned for signature by an authorized Company official. A fully-executed copy will be returned to you for your files. 
 TIME FRAME FOR SIGNING 
 You may sign and return the separation agreement at any time within a minimum of at least 21
and a maximum of 45 days of receipt, as described in the separation agreement. Signed separation agreements should be returned to the Vice President of Human Resources. 
 REVOCATION RIGHT 
 If you sign your separation agreement, you
may revoke it in writing within seven (7) calendar days after it is signed and returned. Revocations must also be returned to the Vice President of Human Resources and are not effective unless received within the seven (7) calendar day
period. After seven (7) calendar days, your separation agreement becomes irrevocable. Severance pay will begin upon the 60th day after your
termination date provided, however, that to the extent your severance pay does not constitute “deferred compensation” for purposes of Code Section 409A, such 

  

 3 

 
compensation shall commence once your release is executed and no longer subject to revocation. If you revoke your separation agreement within the seven
(7) calendar day revocation period, you shall not be eligible for any pay or benefits under the Plan. 
 SECTION 4: SEVERANCE PAY

 Severance pay is paid at your base compensation rate on your regularly scheduled paydays as in effect on your termination date, but in no event less
frequently than monthly. Base compensation does not include bonuses, overtime pay, shift premium pay, incentive payments, commissions, fees or other premium payments or automobile allowances. 
 Severance pay will be reduced by taxes, medical insurance contributions under the Midas Group Benefit Plan, amounts owed to the Company, and any legally required
deductions. The amount of any payment provided under the Plan will be reduced by any similar payment made by the Company required by any federal or state law including but not limited to the Worker Adjustment and Retraining Notification Act with
respect to such termination of employment, and if you are in inactive status, the amount of any short-term disability income benefits the Company or a Company plan paid to you in the preceding twelve months. Severance pay will be paid in the same
manner as you were paid as an employee. 
 To be entitled to severance pay you must meet the eligibility and participation requirements in Section 1,
and you must sign, submit and not revoke your separation agreement within 45 days of your termination date. If you meet these requirements, you will be eligible for severance pay based upon: 
  

	(1)	employment status; and 

  

	(2)	full years of service from hire date with the Company (as calculated by the Plan Administrator using only service that is identified as continuous and uninterrupted employment as an
employee of the Company). 

 Non-Exempt Employee 
  

	•	 	 One week for each full year of service 

 Minimum – 2 weeks 
 Maximum – 13 weeks 
 Exempt Employee (Other than Vice President, Senior Vice President, Executive Vice President or President) 
  

	•	 	 Two weeks for each full year of service 

 Minimum – 4 weeks 
 Maximum – 26 weeks 
  

 4 

 Exempt Employee (Vice President, Senior Vice President, Executive Vice President or President) 
  

	•	 	 26 weeks (subject to the provisions of “Severance Compensation for Eligible Officers upon Change in Control” below) 

 Severance Compensation for Eligible Officers upon Change in Control 
 In the event of a termination of your employment following a change of control of the nature described in Section 4(b) of the Change in Control Agreement (as defined below), and provided that you are an Eligible Officer (also as
defined below), you will be entitled to receive, in lieu of the 26 weeks of severance pay described above, the severance compensation described in Section 4 of the Change in Control Agreement, except that (A) under Subsection
4(b)(i) thereof, you shall only be entitled to a lump-sum severance payment equal to one (1) times your Adjusted Annual Compensation (as such term is defined in said Subsection 4(b)(i)), and (B) under Subsections 4(b)(iii) and 4(b)(iv)
thereof, you shall only be entitled to twelve (12) months of continuing Employee Benefits and Retirement Benefits (as such terms are defined in said Subsections 4(b)(iii) and 4(b)(iv), respectively). In all other respects, the terms and
conditions of the Change in Control Agreement shall apply to the severance compensation described in this paragraph (as if such terms and conditions are fully incorporated into the Plan). For the avoidance of doubt, (i) the payments under
Subsection 4(b)(i) shall be made in a lump sum pursuant to the schedule provided in Subsection 4(b)(ii) and (ii) a release will not be required to receive any payments under this paragraph. 
 For purposes of the foregoing: 
  

	 	(a)	“Change in Control Agreement” shall be defined as the Company’s then most recent form of Change in Control Agreement, as filed by the Company with the Securities and
Exchange Commission as an exhibit to its then most recent Annual Report on Form 10-K; and 

  

	 	(b)	“Eligible Officer” shall be defined as an exempt employee who, on the date of termination: (1) meets the eligibility and participation requirements in Section 1
of this Summary Plan Description, (2) holds the title of Vice President, Senior Vice President, Executive Vice President or President, and (3) is not a party to a separate, written Change in Control Agreement with the Company.

 Severance pay (and severance compensation, as applicable) will begin upon the 60th day after your termination date provided, however, that
to the extent your severance pay does not constitute “deferred compensation” for purposes of Code Section 409A, such compensation shall commence once your release is executed and no longer subject to revocation. Depending on when you
sign your severance agreement, your payments may continue without interruption, or may temporarily cease. If your payments are interrupted, you will receive a “catch up” payment to make up for any missed payments once your separation
agreement becomes irrevocable. In addition, any benefits you would have been entitled to under the Plan will be reinstated retroactively for the period covered by that payment. Any payments shall be delayed for six months following your termination
date if so required by Section 409A of the 

  

 5 

 
Internal Revenue Code of 1986, and amended (the “Code”), with any amounts that would have been paid during such six month period to be paid
in a lump sum on the day following the expiration of such six month period. 
 Except as may otherwise be provided in the Change in Control Agreement (if
applicable), your entitlement to severance benefits ends after you have received all of your weeks of severance pay. If you receive any severance benefits to which you are not entitled, you must return those benefits to the Company. 
 SECTION 5: CAREER TRANSITION SERVICES 
 Career
transition services will be made available at the Company’s discretion to certain participants entitled to severance benefits. Any benefits provided will be arranged through the Vice President of Human Resources. 
 SECTION 6: HEALTH AND DENTAL CONTINUATION 
 If you
receive severance pay, you will be entitled to continue the health and dental benefits of the Midas Group Benefits Plan. The duration of your Company provided health and dental benefits depend upon the length of time you receive severance pay as
described in Section 4. After the Company-provided continuation of health and dental benefits ceases, you may be eligible to continue health and dental benefits under COBRA. If you choose not to sign the separation agreement authorizing your
acceptance of the severance arrangements, a COBRA packet will be mailed to your house address for your use to enroll in COBRA. 
 Contributions made by the
Company and you for these benefits are the same as the contributions for active employees and will continue to be made on a pre-tax basis. Contributions and coverage will change if there are any changes made to the health and/or dental benefits of
the Midas Group Benefits Plan which impact active employees. During the period you receive these benefits, you will continue to have the same election change rights as active employees, including annual enrollment and dependent status changes.

 If your severance payments are interrupted, your health and dental benefits under the Midas Group Benefits Plan will cease during this interruption. Your
benefits will be reinstated retroactively if severance payments begin again. 
 OPTIONAL COBRA COVERAGE 
 After severance ends, if you were paid severance, you will be mailed an application for COBRA coverage from the COBRA administrator. If you elect COBRA continuation
coverage, you must pay the entire COBRA rate. You can get additional information about continuation coverage by calling the COBRA administrator. Your payments for continuation coverage must be made directly to the COBRA administrator. 
 You will have 60 days after your severance ends to elect continuation coverage. Generally, you will be able to continue your coverage for up to 18 months once you enroll
in COBRA. For full details on the current rules for COBRA continuation coverage, please refer to the Midas Group Benefits Plan. 
  

 6 

 SECTION 7: LIFE INSURANCE 
 Company provided basic life insurance on your life will continue while you are entitled to severance pay. All other life insurance coverage will end on your termination date. 
 When your severance pay ends, you are entitled to convert all or part of your own life insurance to an individual policy without a medical examination. To convert, you
must send an application and the first quarterly premium to the life insurance administrator within 31 days after your Company-provided life insurance coverage terminates. To obtain an application, call the Human Resources Department to get a
Conversion of Group Term Life Insurance Form. You should fill it out and return it to the address noted on the form. For information on the premium rates for conversion coverage, call the life insurance administrator. For full details on the current
rules for conversion, please refer to the section on life insurance in the Midas Group Benefits Plan. 
 SECTION 8: EFFECT ON OTHER
BENEFITS 
 Please be advised that all other benefits (excluding health, dental, and basic life insurance), including Disability Plans, Supplemental Life
coverage, EAP, and vision, will cease as of your termination date. These benefits are not available to you while under severance. An employee may not contribute to their 401(k) plan from their severance pay during the severance period. The severance
pay or the severance period will not be included for benefit accrual purposes under the defined benefit plan. 
 SECTION 9: OTHER PLAN
INFORMATION 
 Name and Address of Employer 
 The Plan
is sponsored by: 
 Midas, Inc. 
 1300 Arlington Heights Road 
 Itasca, Illinois 60143-1274 
 Employer and Plan Identification Number 
 The Internal Revenue Service has assigned the Company the following employer
identification number: 36-1265336. The ERISA plan number assigned to the Plan is 506. 
 Plan Administration 
 The Plan Administrator is the Vice President of Human Resources. Administration of the entire Plan is the responsibility of the Plan Administrator. The Plan Administrator
may be contacted by phone at 630-438-3000 or in person through the Human Resources Department at the following address: 
  

			
	Midas, Inc.
	1300 Arlington Heights Road
	Itasca, Illinois 60143-1274
		
	Attn:	  	Plan Administrator

  

 7 

 Named Fiduciary 
 The
Named Fiduciary is the Vice President of Human Resources 
 Fiscal Year of the Plan 
 The Plan and its records are kept on a plan-year basis. A plan year is the 12-month period beginning each January 1 and ending each December 31. 
 Agent for Service of Legal Process 
 Legal process can be served on the Plan by directing it to: 
 Midas, Inc. 
 1300 Arlington Heights Road

 Itasca, Illinois 60143-1274 

			
		
	Attn:	  	Plan Administrator

 Claims Procedure 
 Procedure for Filing a Claim. In order for you to present a valid claim, it must be in writing on the appropriate claim form (or in such other manner acceptable to the Plan Administrator) and delivered, along with any supporting
comments, documents, records and other information, to the Plan Administrator in person, or by mail postage paid, to the address for the Plan Administrator provided in this Summary Plan Description. Claims and appeals of denied claims may be pursued
by you or your authorized representative. 
 Initial Claim Review. The initial claim review will be conducted by the Plan Administrator, who will
consider the applicable terms and provisions of the Plan and amendments to the Plan, information and evidence that is presented by you and any other information it deems relevant. In reviewing the claim, the Plan Administrator will also consider and
be consistent with prior determinations of claims from other claimants who were similarly situated and which have been processed through the Plan’s claims and appeals procedures within the past 24 months. 
 Initial Benefit Determination. In the case of a claim, the Plan Administrator will notify you of the Plan’s determination within a reasonable period of time,
but in any event within 90 days after receipt of the claim by the Plan Administrator. The Plan Administrator may extend the period for making the benefit determination by 90 days if it determines that such an extension is necessary. You would be
notified of this event. 
  

 8 

 Manner and Content of Notification of Denied Claim. The Plan Administrator will provide you with written or
electronic notice of any denial, in accordance with applicable Department of Labor regulations. The notification will set forth: 
 (a) the
specific reason or reasons for the denial; 
 (b) reference to the specific provision(s) of the Plan on which the determination is based;

 (c) a description of any additional material or information necessary for you to perfect the claim and an explanation of why such material
or information is necessary; and 
 (d) a description of the Plan’s review procedures and the time limits applicable to such procedures.

 Procedure for Filing a Review of a Denial. Any appeal of a denial by you must be brought to the Plan Administrator within 60 days after receipt of
the notice of denial. Failure to appeal within such 60-day period will be deemed to be a failure to exhaust all administrative remedies under the Plan. The appeal must be in writing utilizing the appropriate form provided by the Plan Administrator
(or in such other manner acceptable to the Plan Administrator), provided, however, that if the Plan Administrator does not provide the appropriate form, no particular form is required to be utilized by you. The appeal must be filed with the Plan
Administrator at the address listed herein. You will have the opportunity to submit written comments, documents, records and other information relating to the claim. 
 Review Procedures for Denials. 
 (a) The Plan Administrator will provide a review that takes into
account all comments, documents, records and other information submitted by you without regard to whether such information was submitted or considered in the initial benefit determination. 
 (b) You will be provided, upon request and free of charge, reasonable access to and copies of all relevant documents. 
 (c) The review procedure may not require more than two levels of appeals of a denial. 
 Timing of Notification of Benefit Determination on Review. In the case of any claim, the Plan Administrator will notify you within a reasonable period of time, but in any event within 60 days after your request
for review, unless the Plan Administrator determines that special circumstances require an extension of time for processing the review of the denial. If the Plan Administrator determines that an extension is required, written notice will be
furnished to you prior to the end of the initial 60-day period indicating the special circumstances requiring an extension of time and the date by which the Plan expects to render the determination on review, which in any event will be within 60
days from the end of the initial 60-day period. If such an extension is necessary 

  

 9 

 
due to your failure to submit the information necessary to decide the claim, the period in which the Plan Administrator is required to make a decision will
be suspended from the date on which the notification is sent to you until you adequately respond to the request for additional information. 
 Manner and
Content of Notification of Benefit Determination on Review. The Plan Administrator will provide a written or electronic notice of the Plan’s benefit determination on review, in accordance with applicable Department of Labor regulations. The
notification will set forth: 
 (a) The specific reason or reasons for the denial; 
 (b) Reference to the specific provision(s) of the Plan on which the determination is based; and 
 (c) A statement that you are entitled to receive, upon request and free of charge, reasonable access to and copies of all relevant documents. 

Statute of Limitations. No cause of action may be brought by you after you have received a final denial later than 180 days following the date of such final
denial. 
 Assignment of Benefits 
 As required by the
terms of the Plan, benefits under the Plan may not be assigned, transferred or pledged to a third party, for example, as security for a loan or other debt. 
 Financing the Plan 
 The Company pays its cost for the Plan from its general assets. Benefits payments are made on the authorization of the
Plan Administrator in its sole discretion. 
 The Plan Administrator has the absolute authority and sole discretion to (i) interpret the terms of the
Plan, including the Plan’s eligibility provisions and its provisions relating to qualification for and payment of benefits, as well as this Document, (ii) resolve ambiguities in the Plan or this Document, (iii) adopt, amend, and
rescind rules and regulations pertaining to its duties under the Plan, and (iv) make all other determinations necessary or advisable for the discharge of its duties under the Plan, including but not limited to findings of facts. 
 The decisions of the Plan Administrator shall be final and binding on all persons seeking benefits under the Plan. Benefits shall be paid under the Plan only if the Plan
Administrator, or its agent or delegate, in its sole discretion, determines that you are entitled to them. 
 Plan Amendment and Termination

 The Company, as Plan sponsor, reserves the right at its discretion to terminate, amend, modify or reduce all or a portion of the benefits offered under
the Plan at any time. An eligible employee has no vested right to severance pay or benefits under the 

  

 10 

 
Plan. Any amendment or termination will not affect the benefits of those who have already been approved for payment. Benefits for others, however, may be
reduced or eliminated at any time. Upon final termination of the Plan, the plan sponsor may make appropriate arrangements to wind up the affairs of the Plan. 
 Any such termination, amendment, modification or reduction of all or a portion of the benefits offered under the Plan shall be made by a resolution adopted by the Board of Directors of the Company or such other procedure as is authorized by
the Board. This may be done at any time and without notice. 
 Exceptions to the Plan may be made only by the CEO or the Vice President of Human Resources.

 Statement of ERISA Rights 
 The following statement is
required by federal law and regulations. As a participant in the Plan described in this Document, you are entitled to certain rights and protections under ERISA. ERISA provides that all Plan participants shall be entitled to: 
  

	•	 	 Examine, without charge, at the Plan Administrator’s office and at other specified locations, such as work sites, all plan documents and copies of all
documents filed by the Plan with the U.S. Department of Labor, such as detailed annual reports and Plan descriptions. 

  

	•	 	 Obtain copies of all Plan documents and other Plan information upon written request to the Plan Administrator. The Plan Administrator may make a reasonable charge
for the copies. 

  

	•	 	 Receive a copy of a summary of the Plan’s annual financial report. The Plan Administrator is required by law to furnish each participant with a copy of this
summary annual report. 

  

	•	 	 Obtain a statement telling you whether you are eligible, under the Plan, to receive a benefit and, if so, what your benefit would be. This statement must be
requested in writing and is not required to be given more than once a year. The Plan must provide the statement free of charge. 

 In
addition to creating rights for plan participants, ERISA imposes duties upon the people who are responsible for the operation of the employee benefit plan. The people who operate your Plan, called “fiduciaries” of the Plan, have a duty to
do so prudently and in the interest of you and other Plan participants and beneficiaries. No one, including your employer, or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a benefit or
exercising your rights under ERISA. 
 If your claim for a benefit is denied in whole or in part, you must receive a written explanation of the reason for
the denial. You have the right to have the Plan Administrator review and reconsider your claim. 
  

 11 

 Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request materials from the
Plan and do not receive them within 30 days, you may file suit in a federal court. In such a case, the court may require the Plan Administrator to provide the materials and pay you up to $110 a day until you receive the materials, unless the
materials were not sent because of reasons beyond the control of the Plan Administrator. 
 If you have a claim for benefits which is denied or ignored, in
whole or in part, you may file suit in a state or federal court. If it should happen that plan fiduciaries misuse the Plan’s money, or if you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department
of Labor, or you may file suit in a federal court. The court will decide who should pay court costs and legal fees. 
 If you are successful, the court may
order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these fees, for example, if it finds your claim is frivolous. If you have any questions about your Plan, you should contact the Plan
Administrator. If you have any questions about this statement or about your rights under ERISA, you should contact the nearest Area Office of the Pension and Welfare Benefits Administration, U.S. Department of Labor listed in your telephone
directory or the Division of Technical Assistance and Inquiries, Pension and Welfare Benefit Administration, U.S. Department of Labor, 200 Constitution Ave., N.W., Washington, D.C. 20210. 
  

 12

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