Document:

exv10w6

Exhibit 10.6

ROADHOUSE HOLDING INC.

NONQUALIFIED STOCK OPTION AGREEMENT

          NON-QUALIFIED STOCK OPTION AGREEMENT, dated as of January 18, 2011 between Roadhouse Holding
Inc., a Delaware company (the “Company”), and the Participant whose name appears on the
signature page hereof (the “Participant”), pursuant to the Roadhouse Holding Inc. Stock
Incentive Plan, as in effect and as amended from time to time (the “Plan”). Capitalized
terms that are not defined herein shall have the meanings given to such terms in the Plan.

          WHEREAS, the Company desires to grant options to purchase its common shares, par value $0.01
per share (the “Shares”), to certain Employees and directors of the Company;

          WHEREAS, the Company has adopted the Plan in order to effect such grants; and

          WHEREAS, the Committee has determined that it is in the interest of the Company to grant these
options to the Participant.

          NOW, THEREFORE, in consideration of the premises and subject to the terms and conditions set
forth herein and in the Plan, the parties hereto agree as follows:

          1. Confirmation of Grant, Option Price.

          (a) Confirmation of Grant. The Company hereby evidences and confirms the grant to
the Participant, effective as of the date hereof (the “Grant Date”), of:

     (i) options to purchase from the Company the number of Shares specified on the
signature page hereof under the heading “Service Options”, which shall become exercisable,
if at all, as provided in Section 2(a) (the “Service Options”); and

     (ii) options to purchase from the Company the number of Shares specified on the
signature page hereof under the heading “Performance Options”,
which shall become exercisable, if at all, as provided in Section 2(b) (the
“Performance Options” and, together with the Service Options, the
“Options”).

          (b) Option Price. The Options shall have an option price of $[100.00] per share
(the “Option Price”), which is not less than the Fair Market Value per Share on the Grant
Date.

 

 

          (c) Options Subject to Plan. The Options granted pursuant to this Agreement are
subject in all respects to the Plan, all of the terms of which are made a part of and incorporated
into this Agreement. By signing this Agreement, the Participant acknowledges that the Participant
has been provided a copy of the Plan and has had the opportunity to review the Plan.

          (d) Character of Options. The Options granted hereunder are not intended to be
“incentive stock options” within the meaning of section 422 of the Internal Revenue Code of 1986,
as amended.

          2. Exercisability.

          (a) Service Options. The Service Options shall become exercisable in four equal
installments on each of the first four anniversaries of October 4, 2010, subject to the
Participant’s continuous employment with the Company or a Subsidiary from the Grant Date to such
anniversary. Notwithstanding the foregoing, all or a portion of such Options shall also become
exercisable at the time and under the circumstances described in Section 5.

          (b) Performance Options. The Performance Options shall become exercisable in
accordance with this Section 2(b), if at all, on the date of a Change in Control (the “Vesting
Event”) in which the Aggregate Share Value exceeds the Aggregate Floor Value (as each such term
is defined below); provided, that in no event shall any Performance Options become
exercisable hereunder unless the Kelso Entities also receive an internal rate of return, compounded
annually, on their investment in the Kelso Shares (as defined below) of at least 10%. The Kelso
Entities’ internal rate of return will be calculated after giving full effect to the dilution of
the Kelso Entities’ interest in the Company by the Options and all other stock options granted
under the Plan. If the Aggregate Share Value as of the Vesting Event does not exceed the Aggregate
Floor Value, or if the Kelso Entities do not achieve an internal rate of return, compounded
annually, of at least 10%, no portion of the Performance Options shall become exercisable. If the
Aggregate Share Value at the date of the Vesting Event exceeds the Aggregate Floor Value, the
Applicable Percentage (as defined below) of the Performance Options shall become exercisable as of
the Vesting Event. In the event that any portion of the Performance Options does not become
exercisable pursuant to this
Section 2(b) upon the first occurrence of a Vesting Event, such portion of such Performance
Options shall not become exercisable as a result of any subsequent Vesting Event, and shall
automatically be canceled without payment therefor. At or prior to the Vesting Event, the
Committee shall make any and all adjustments it deems equitably necessary or appropriate with
respect to interim sales of or distributions in respect of the Shares prior to such Vesting Event
and any Shares retained after such Vesting Event.

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               (c) Definitions. For purposes of this Agreement, the following terms shall have
the meanings set forth below:

          The “Aggregate Floor Value” means the product of (i) 1.75 times the
Kelso Entities’ weighted average cost per share (the “Original Cost”) of the Kelso
Shares (as defined below) times (ii) the number of Kelso Shares.

          The “Aggregate Maximum Value” means the product of (i) 4.25 times the
Original Cost times (ii) the number of Kelso Shares.

          The “Aggregate Share Value” means the product of (i) the price per
Share received for the Kelso Shares sold on or prior to the Vesting Event (whether pursuant
to a merger or consolidation, a sale of capital shares or all or substantially all of its
assets, or otherwise), which shall be determined assuming, to the extent necessary, that,
in regard to a sale occurring on the date of the Vesting Event, all Options issued under
the Plan and outstanding at the date of the Vesting Event (but excluding Options
(including, without limitation, Performance Options granted hereunder) which by their terms
are canceled without payment in conjunction with the occurrence of such Vesting Event) are
exercised with cash and settled in Shares immediately prior to the Vesting Event and that
any “in the money” securities convertible or exchangeable into, and all such other
warrants, options and other rights exercisable for, Shares are so exchanged or converted
immediately prior to the Vesting Event and (ii) the Kelso Shares. If prior to the
Vesting Event, Kelso has received a return on their investment through an Adjustment Event,
such return shall be equitably factored in to the determination of the Aggregate Share
Value as deemed equitable and appropriate in the full discretion of the Committee.

          The “Applicable Percentage” means the percentage determined by dividing
(i) the excess of the Aggregate Share Value over the Aggregate Floor Value by
(ii) the difference between the Aggregate Maximum Value and the Aggregate Floor
Value, provided that, such percentage shall not exceed 100%.

          The “Kelso Shares” mean the aggregate number of Shares beneficially owned by
the Kelso Entities as of the Closing Date.

               (d) Normal Expiration Date. Unless the Options earlier terminate in accordance
with Sections 2, 4 or 5, the Options shall terminate on the tenth anniversary of the Grant Date
(the “Normal Expiration Date”). Once Options have become exercisable pursuant to this
Section 2, such Options may be exercised, subject to the provisions hereof, at any time and from
time to time until the Normal Expiration Date.

3

 

          (e) No Other Accelerated Vesting. The vesting and exercisability provisions set
forth in this Section 2 or in Section 5, or expressly set forth in the Plan, shall be the exclusive
vesting and exercisability provisions applicable to Options and shall supersede any other
provisions relating to vesting and exercisability, unless such other provision expressly refers to
the Plan by name and this Agreement by name and date.

          (f) Calculations. All calculations required or contemplated by this Section 2
shall be made in the sole determination of the Committee and shall be final and binding on the
Company and the Participant.

          3. Method of Exercise and Payment.

          All or part of the exercisable Options may be exercised by the Participant upon (a)
the Participant’s written notice to the Company of exercise, (b) the Participant’s payment
of the Option Price in full at the time of exercise (i) in cash or cash equivalents,
(ii) at any time following a Public Offering, in unencumbered Shares owned by the
Participant for at least six (6) months (or such other period as is required by applicable
accounting standards to avoid a charge to earnings) having a Fair Market Value on the date of
exercise equal to such Option Price, (iii) in a combination of cash and Shares or
(iv) in accordance with such procedures or in such other form as the Committee shall from
time to time determine and (c) if such Options are exercised prior to a Public Offering,
the Participant’s execution of the Stockholders Agreement and the Registration Rights Agreement in
order to become a party to such agreements with respect to the Shares issuable upon the exercise of
such Options. As soon as practicable after receipt of a written exercise notice and payment in
full of the exercise price of any exercisable Options and, if applicable, receipt of evidence of
the Participant’s execution of the Stockholders Agreement and Registration Rights Agreement in
accordance with this Section 3, but subject to Section 6 below, the Company shall issue a
certificate or certificates representing the Shares acquired upon the exercise thereof, registered
in the name of the Participant, provided that, if the Company, in its sole discretion,
shall determine that, under applicable securities laws, any certificates issued under this Section
3 must bear a legend restricting the transfer of such Share, such certificates shall bear the
appropriate legend.

          4. Termination of Employment.

          (a) Special Termination. Unless otherwise determined by the Committee, in the
event that the Participant’s employment with the Company or any Subsidiary terminates by reason of
the Participant’s death, Disability or Retirement (each a “Special Termination”), then all
Options held by the Participant that are exercisable as of the date of such Special Termination may
be exercised by the Participant or the Participant’s beneficiary as designated in accordance with
Section 9, or if no such

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beneficiary is named, by the Participant’s estate, at any time prior to
one (1) year following the Participant’s termination of employment or the Normal Expiration Date of
the Options, whichever period is shorter. Upon a Special Termination, any Options that are not
then exercisable shall terminate and be canceled immediately upon such termination of employment.

          (b) Termination for Cause. Unless otherwise determined by the Committee, in the
event that the Participant’s employment with the Company or any Subsidiary is terminated for Cause,
all Options held by the Participant, whether or not then exercisable, shall terminate and be
canceled immediately upon such termination of employment.

          (c) Other Termination of Employment. Unless otherwise determined by the
Committee, in the event that the Participant’s employment with the Company or any Subsidiary
terminates for any reason other than (i) a Special Termination, or (ii) for Cause,
then any Options held by the Participant which are exercisable at the date of the Participant’s
termination of employment shall be exercisable at any time up until the 60th day following the
Participant’s termination of employment (or, in the event that the Participant dies after
terminating his employment, but within the period during which the Options would otherwise be
exercisable hereunder, the 120th day after the date of the Participant’s death) or the Normal
Expiration Date of the Options, whichever period is shorter, but any Options held by the
Participant that are not then exercisable shall terminate and be canceled immediately upon such
termination of employment.

          (d) Committee Discretion. Notwithstanding anything else contained herein to the
contrary, the Committee may at any time extend the post-termination exercise period of all or any
portion of the Options up to and including, but not beyond, the Normal Expiration Date of such
Options.

          5. Change in Control.

          (a) Accelerated Vesting of Service Options and Payment on all Vested Options.
Unless the Committee shall otherwise determine in the manner set forth in Section 5(b), in the
event of a Change in Control, each outstanding Service Option
(regardless of whether such Service Options are at such time otherwise exercisable) and each
outstanding Performance Option that becomes exercisable pursuant to Section 2(b) shall be canceled
in exchange for a payment in cash of an amount equal to the excess, if any, of the Change in
Control Price over the Option Price.

          (b) Alternative Options. Notwithstanding Section 5(a), no cancellation,
acceleration of exercisability, vesting or cash settlement or other payment shall occur with
respect to any Option in connection with a Change in Control if the Committee reasonably determines
in good faith, prior to the occurrence of such Change

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in Control, that such Option shall be honored
or assumed, or new rights substituted therefor (such honored, assumed or substituted Option being
hereinafter referred to as an “Alternative Option”) by the new employer, provided
that the Chief Executive Officer consents to such Alternative Option, and provided further,
that any such Alternative Option must:

     (i) provide the Participant that held such Option with rights and entitlements
substantially equivalent to or better than the rights, terms and conditions applicable
under such Option, including, but not limited to, an identical or better exercise and
vesting schedule and identical or better timing and methods of payment;

     (ii) have substantially equivalent economic value to such Option (determined at
the time of the Change in Control); and

     (iii) have terms and conditions which provide that in the event that the
Participant’s employment is involuntarily terminated following a Change in Control any
conditions on the Participant’s rights under, or any restrictions on transfer or
exercisability applicable to, each such Alternative Option shall be waived or shall lapse,
as the case may be.

          (c) Limitation on Benefits. Notwithstanding anything contained in this Option
agreement or the Plan to the contrary to the extent that any of the payments and benefits provided
for under the Plan, this Option agreement or any other agreement or arrangement between the Company
and the Participant (collectively, the “Payments”) would constitute an “excess parachute
payment” within the meaning of section 280G of the Code, the amount of such Payments shall be
reduced to the extent necessary to eliminate any such excess parachute payment and such Participant
shall have no further rights or claims with respect thereto. If Payments that would otherwise be
reduced or eliminated, as the case may be, pursuant to the immediately preceding sentence would not
be so reduced or eliminated, as the case may be, if the shareholder approval requirements of
section 280G(b)(5) of the Code are capable of being satisfied, the Company shall use its reasonable
efforts to cause such payments to be submitted for such approval prior to the Change in Control
giving rise to such payments.

          6. Tax Withholding.

          Whenever Shares are to be issued pursuant to the exercise of an Option or any cash payment is
to be made hereunder, the Company or any Subsidiary shall have the power to withhold, or require
the Participant to remit to the Company or such Subsidiary, an amount sufficient to satisfy the
statutory minimum federal, state, and local withholding tax requirements relating to such
transaction

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          7. Nontransferability of Awards.

          No Options granted hereby may be sold, transferred, pledged, assigned, encumbered or otherwise
alienated or hypothecated, other than by will or by the laws of descent and distribution or, on
such terms and conditions as the Committee shall establish, to a permitted transferee pursuant to
Section 9.1 of the Plan. All rights with respect to Options granted to the Participant hereunder
shall be exercisable during his lifetime only by such Participant or, if permitted by the
Committee, a permitted transferee. Following the Participant’s death, all rights with respect to
Options that were exercisable at the time of the Participant’s death and have not terminated shall
be exercised by his designated beneficiary, his estate or, if permitted by the Committee, a
permitted transferee.

          8. Buyout and Settlement for Shares.

          The Committee may at any time offer to buy out for a payment in cash or Shares an Option
granted hereunder, based on such terms and conditions as the Committee shall establish and
communicate to the Participant at the time that such offer is made and the Participant may decide
to accept such offer, but such Participant is not required to do so. Upon the intended exercise of
any Option, in lieu of accepting payment of the exercise price therefor and issuing or delivering
the number of Shares for which the Option is being exercised, the Committee (in its sole
discretion) may cause the Company either (a) to pay the Participant an amount in cash equal
to the amount, if any, by which the aggregate Fair Market Value of the Shares as to which the
Option is being exercised exceeds the aggregate Option Price, or (b) to deliver to the
Participant a lesser number of Shares, having a Fair Market Value on the date of exercise, equal to
the amount, if any, by which the aggregate Fair Market Value of the Shares as to which the Option
is being exercised exceeds the aggregate Option Price for such shares. Upon payment of cash or
distribution of Shares pursuant to this Section 8, the Participant’s rights as to the portion of
the Options which is the subject of such payment or distribution shall be deemed satisfied in full.

          9. Beneficiary Designation.

          The Participant may from time to time name any beneficiary or beneficiaries (who may be named
contingently or successively) by whom any right under the Plan and this Agreement is to be
exercised in case of his death. Each designation will revoke all prior designations by the
Participant, shall be in a form reasonably prescribed by the Committee, and will be effective only
when filed by the Participant in writing with the Committee during his lifetime. If no beneficiary
is named, or if a named beneficiary does not survive the Participant, Section 9.2 of the Plan shall
determine who may exercise the Participant’s rights under the Plan.

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          10. Adjustment in Capitalization.

          Upon the occurrence of any Adjustment Event, the aggregate number of Shares subject to
outstanding Option grants and the respective prices and/or vesting criteria applicable to
outstanding Options, shall be adjusted, and/or a payment to the holders of outstanding Options
shall be made, to reflect such Adjustment Event, as deemed equitable and appropriate by the
Committee. All determinations and calculations required under this Section 10 shall be made in the
sole discretion of the Committee and in compliance with section 409A of the Code.

          11. Requirements of Law.

          The issuance of Shares pursuant to the Options shall be subject to all applicable laws, rules
and regulations, and to such approvals by any governmental agencies or national securities
exchanges as may be required. No Shares shall be issued upon exercise of any Options granted
hereunder, if such exercise would result in a violation of applicable law, including the U.S.
federal securities laws and any applicable state or foreign securities laws.

          12. No Guarantee of Employment.

          Nothing in this Agreement shall interfere with or limit in any way the right of the Company or
any Subsidiary to terminate the Participant’s employment at any time, or confer upon the
Participant any right to continue in the employ of the Company or any Subsidiary. For purposes of
this Agreement, the “employment” shall be deemed to refer to the Participant’s provision of
services to the Company or any Subsidiary as an employee or independent contractor (including as a
non-employee member of the Board), and the “termination of employment” and corollary phrases shall
be deemed to refer to the Participant’s cessation of such services with respect to all such persons
in all capacities.

          13. No Rights as Shareholder.

          Except as otherwise required by law, the Participant shall not have any rights as a
shareholder with respect to any Shares covered by the Options granted hereby until such time as the
Shares issuable upon exercise of such Options have been so issued. Notwithstanding anything else
contained herein to the contrary, the exercise of any portion of the Options conveyed hereby is
expressly conditioned upon the Participant becoming a party to the Stockholders Agreement and the
Registration Rights Agreement with respect to any Shares to be acquired upon such exercise.

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          14. Restrictions on Sale Upon Public Offering.

          Except as otherwise provided in the Registration Rights Agreement, the Participant agrees
that, in the event that the Company files a registration statement under the Act with respect to a
public offering of any of its capital shares, the Participant will not effect any sale or
distribution of Shares including, but not limited to, pursuant to Rule 144 under the Act, within
seven days prior to and 90 days (unless the Company is advised by the managing underwriter that a
longer period, not to exceed 180 days, is required, or such shorter period as the managing
underwriter for any underwritten offering may agree) after the effective date of the registration
statement relating to such registration (the “Trigger Date”), except as part of such
registration or unless, in the case of a sale or distribution not involving a public offering, the
transferee agrees in writing to be subject to this Section 14; provided that, with respect
to any shelf registration statement on Form S-3, the Trigger Date shall be the pricing of any
offering made under such registration statement and the Participant agrees to execute a customary
holdback agreement with the underwriters for any such public offering.

          15. Interpretation; Construction.

          Any determination or interpretation by the Committee under or pursuant to this Agreement shall
be final and conclusive on all persons affected hereby. Except as otherwise expressly provided in
the Plan, in the event of a conflict between any term of this Agreement and the terms of the Plan,
the terms of the Plan shall control.

          16. Amendments.

          (a) In General. The Committee may, at its sole discretion, at any time and from
time to time alter or amend this Agreement and the terms and conditions of any unvested Options
(but not any previously granted vested Options) awarded pursuant to this Agreement in whole or in
part, including without limitation, amending the criteria for vesting and exercisability set forth
in Section 2 hereof, substituting alternative vesting
and exercisability criteria and imposing certain blackout periods on Options, provided
that, if such alteration, amendment, suspension or termination shall not preserve the economic
value, as determined by the Committee in its sole good faith discretion, of any previously granted
unvested Options, the Committee shall only be permitted to alter, amend, suspend or terminate such
previously granted unvested Options if it shall obtain the consent of the holders of a majority of
all unvested Options granted under the Plan that are similarly affected by such amendment, and
provided, further, that any such substitution of alternative vesting and exercisability
criteria and any imposition of blackout periods shall be subject to the consent of the Chief
Executive Officer. The Company shall give written notice to the Participant of any such alteration
or amendment of this Agreement as promptly as practicable after the adoption thereof. This
Agreement may also be amended by a writing signed by both the Company and the Participant.

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          (b) Public Offering. Unless otherwise determined by the Committee, in the event
of a Public Offering, the Committee shall amend this Agreement to provide for the imposition of
certain blackout periods, in each case, as the Committee shall determine to be appropriate;
provided, however that (x) such amendments shall preserve the economic value, as determined
by the Committee in its good faith discretion, and (y) any such amendment shall be subject to the
consent of the Chief Executive Officer.

          17. Miscellaneous.

          (a) Notices. All notices, requests, demands, letters, waivers and other
communications required or permitted to be given under this Agreement shall be in writing and shall
be deemed to have been duly given if (i) delivered personally, (ii) mailed,
certified or registered mail with postage prepaid, (iii) sent by next-day or overnight mail
or delivery, or (iv) sent by fax, as follows:

          (i) If to the Company, to it at:

Roadhouse Holding Inc.

3011 Armory Drive, Suite 300

Nashville, TN 37204

Fax: (615) 884-5482

Attention: Amy Bertauski

Email: amyb@logansroadhouse.com

with a copy to:

Kelso & Company

320 Park Avenue, 24th Floor

New York, New York 10022

Fax: 212-223-2379

Attention: General Counsel

     (ii) If to the Participant, to the Participant’s last known home address, or to
such other person or address as any party shall specify by notice in writing to the
Company. All such notices, requests, demands, letters, waivers and other communications
shall be deemed to have been received (w) if by personal delivery on the day after
such delivery, (x) if by certified or registered mail, on the fifth business day
after the mailing thereof, (y) if by next-day or overnight mail or delivery, on
the day delivered, or (z) if by fax, on the day delivered, provided that
such delivery is confirmed.

          (b) Binding Effect; Benefits. This Agreement shall be binding upon and inure to
the benefit of the parties to this Agreement and their respective successors and assigns. Nothing
in this Agreement, express or implied, is intended or shall be

10

 

construed to give any person other
than the parties to this Agreement or their respective successors or assigns any legal or equitable
right, remedy or claim under or in respect of any agreement or any provision contained herein.

          (c) Waiver. Either party hereto may by written notice to the other (i)
extend the time for the performance of any of the obligations or other actions of the other under
this Agreement, (ii) waive compliance with any of the conditions or covenants of the other
contained in this Agreement and (iii) waive or modify performance of any of the obligations
of the other under this Agreement. Except as provided in the preceding sentence, no action taken
pursuant to this Agreement, including, without limitation, any investigation by or on behalf of
either party, shall be deemed to constitute a waiver by the party taking such action of compliance
with any representations, warranties, covenants or agreements contained herein. The waiver by
either party hereto of a breach of any provision of this Agreement shall not operate or be
construed as a waiver of any preceding or succeeding breach and no failure by either party to
exercise any right or privilege hereunder shall be deemed a waiver of such party’s rights or
privileges hereunder or shall be deemed a waiver of such party’s rights to exercise the same at any
subsequent time or times hereunder.

          (d) Applicable Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware, regardless of the law that might be applied
under principles of conflict of laws.

          (e) Section 409A of the Code. This Agreement is intended to be exempt from or
comply with the requirements of section 409A of the Code and all provisions contained herein,
including, but not limited to, any adjustment provisions, shall be construed and interpreted in
accordance with such intent.

          (f) Section and Other Headings. The section and other headings contained in this
Agreement are for reference purposes only and shall not affect the meaning or interpretation of
this Agreement.

          (g) Counterparts. This Agreement may be executed in any number of counterparts,
each of which shall be deemed to be an original and all of which together shall be deemed to be one
and the same instrument.

— Signature page follows —

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          IN WITNESS WHEREOF, the Company and the Participant have duly executed this Agreement as of
the date first above written.

	 	 	 	 	 
	 	ROADHOUSE HOLDING INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	PARTICIPANT

 	 
	 	 	 
	 	[Name of Participant] 	 
	 	 	 	 
	 

	 	 	 
	Number of Service Options	 	Number of Performance Options
	

	 	
	[•]

	 	[•]

12exv10w7

Exhibit 10.7

LOGAN’S ROADHOUSE, INC.

NON-QUALIFIED SAVINGS PLAN

Effective October 2, 2006

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	Section

	 	1. Operation of Plan and Definitions
	 	 	1	 
	Section

	 	2. Participation
	 	 	5	 
	Section

	 	3. Contributions
	 	 	5	 
	 

	 	3.1. Supplemental Savings Contributions
	 	 	5	 
	 

	 	3.2. Supplemental Matching Contributions
	 	 	5	 
	 

	 	3.3. Crediting of Contributions
	 	 	5	 
	Section

	 	4. Investment of Accounts
	 	 	6	 
	 

	 	4.1. Investment Direction
	 	 	6	 
	 

	 	4.2. Investment Funds
	 	 	6	 
	Section

	 	5. Valuations and Crediting
	 	 	6	 
	 

	 	5.1. Valuations
	 	 	6	 
	 

	 	5.2. Credits to and Charges Against Accounts
	 	 	6	 
	 

	 	5.3. Expenses
	 	 	7	 
	Section

	 	6. Vesting and Separation from Service
	 	 	7	 
	 

	 	6.1. Vested Percentage
	 	 	7	 
	 

	 	6.2. Forfeiture
	 	 	7	 
	Section

	 	7. Benefits
	 	 	8	 
	 

	 	7.1. Forms of Benefit Payments
	 	 	8	 
	 

	 	7.2. Retirement Benefit
	 	 	8	 
	 

	 	7.3. Death Benefit
	 	 	8	 
	 

	 	7.4. Beneficiary Designation
	 	 	9	 
	 

	 	7.5. In-Service Distributions due to Unforeseeable Emergency
	 	 	9	 
	 

	 	7.6. Distributions on a Specified Date
	 	 	9	 
	 

	 	7.7. Withholding
	 	 	10	 
	Section

	 	8. The Plan Administrator
	 	 	10	 
	 

	 	8.1. Plan Administrator
	 	 	10	 
	 

	 	8.2. Engagement of Assistants and Advisors
	 	 	10	 
	 

	 	8.3. Compensation
	 	 	10	 
	 

	 	8.4. Indemnification of the Plan Administrator
	 	 	10	 
	Section

	 	9. Authority and Responsibilities of the Company
	 	 	10	 
	Section

	 	10. Claims Procedures
	 	 	11	 
	 

	 	10.1. Claims 	 	 	11	 
	 

	 	10.2. Appeal of Adverse Benefit Determinations
	 	 	12	 
	 

	 	10.3. Notification of Benefit Determination on Review
	 	 	12	 
	 

	 	10.4. Definitions
	 	 	13	 
	Section

	 	11. Amendment, Termination, Mergers and Consolidations
	 	 	14	 
	 

	 	11.1. Amendment
	 	 	14	 
	 

	 	11.2. Termination
	 	 	14	 
	 

	 	11.3. Permanent Discontinuance of Contributions
	 	 	14	 

 

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	Section

	 	12. Participating Employers
	 	 	15	 
	 

	 	12.1. Adoption by Other Corporations
	 	 	15	 
	 

	 	12.2. Requirements of Participating Employers
	 	 	15	 
	 

	 	12.3. Designation of Agent
	 	 	15	 
	 

	 	12.4. Discontinuance of Participation
	 	 	15	 
	 

	 	12.5. Plan Administrator’s Authority
	 	 	15	 
	Section

	 	13. Miscellaneous Provisions
	 	 	15	 
	 

	 	13.1. Nonalienation of Benefits
	 	 	15	 
	 

	 	13.2. No Contract of Employment
	 	 	15	 
	 

	 	13.3. Severability
	 	 	15	 
	 

	 	13.4. Successors
	 	 	16	 
	 

	 	13.5. Captions
	 	 	16	 
	 

	 	13.6. Gender and Number
	 	 	16	 
	 

	 	13.7. Controlling Law
	 	 	16	 
	 

	 	13.8 Title to Assets
	 	 	16	 
	 

	 	13.9. Payments to Minors, Etc.
	 	 	16	 
	 

	 	13.10. Acknowledgments
	 	 	16	 
	 

	 	13.11. Entire Agreement; Successors
	 	 	16	 
	 

	 	13.12. Tax Effects
	 	 	16	 

 

 

LOGAN’S ROADHOUSE. INC. NON-QUALIFIED SAVINGS PLAN

RECITALS

     WHEREAS, effective January 1, 1996, Cracker Barrel Old Country Store, Inc. established the
Cracker Barrel Old Country Store, Inc. Non-Qualified Savings Plan (the “Cracker Barrel NQSP”); and

     WHEREAS, effective as of January 1, 2003, CBRL, Inc. assumed sponsorship of the Cracker Barrel
NQSP and amended and restated the Cracker Barrel NQSP in its entirety as the CBRL Group, Inc.
Non-Qualified Savings Plan (the “CBRL NQSP”); and

     WHEREAS, the CBRL NQSP was amended and restated to comply with the American Jobs Creation Act
of 2004 (the “Act”), with respect to the portion of each Participant’s Account which is subject to
the requirements of the Act; and

     WHEREAS, effective January 1, 2005, employees of Logan’s Roadhouse, Inc., a wholly owned
subsidiary of CBRL Group, Inc. became eligible to participate in the CBRL NQSP; and

     WHEREAS, effective October 2, 2006 (the “Effective Date”), the portion of the CBRL NQSP
attributed to the employees of Logan’s Roadhouse, Inc. will spin-off to form the Logan’s Roadhouse,
Inc. Non-Qualified Savings Plan;

     NOW, THEREFORE, effective as of the Effective Date, Logan’s Roadhouse, Inc. hereby adopts the
Logan’s Roadhouse, Inc. Non-Qualified Savings Plan (the “Plan”), as set forth herein or as
hereafter amended.

     The Plan shall provide as follows:

     Section 1. Operation of Plan and Definitions. Commencing on the Effective Date,
this Plan governs all amounts credited to a Participant’s Account.

     For purposes of this Plan, the following terms will have the meanings assigned in this
Section, which will be equally applicable to the singular and plural forms of such terms, unless
the context requires otherwise, when used in this Plan;

     “Account” means the account maintained for a Participant under the Plan. A Participant’s
Account will consist of his or her Supplemental Savings Account and Supplemental Matching Account,
plus investment earnings, if any, credited to those Accounts.

     “Affiliate” means any Employer and any entity if such entity, with the Employer, constitutes
(a) a controlled group of corporations (within the meaning of Section 414(b) of the Code), (b) a
group of trades or businesses under common control (within the meaning of Section 414(c) of the
Code), (c) an affiliated service group (within the meaning of Section 414(m) of the Code), or (d) a
group of entities required to be aggregated pursuant to Section 414(o) of the Code and the
regulations thereunder.

1

 

     “Beneficiary” means the beneficiary under the Plan of any deceased Participant.

     “Board of Directors” means the board of directors of the Company.

     “Change in Control” means: (i) a person becomes the beneficial owner, directly or indirectly,
of securities of the Company representing 20% or more of the combined voting power of its then
outstanding voting securities, unless that acquisition was approved by a vote of at least
two-thirds (2/3) of the members of the Board of Directors in office immediately prior to the
acquisition; (ii) that during any period of two (2) consecutive years, individuals who at the
beginning of the period constitute members of the Board of Directors cease for any reason to
constitute a majority of the Board of Directors unless the election, or the nomination for election
by the shareholders of the Company, of each new member was approved by a vote of at least
two-thirds (2/3) of the members of the Board of Directors then still in office who were members at
the beginning of the two (2)-year period; (iii) a merger, consolidation or reorganization of the
Company (but this provision does not apply to a recapitalization or similar financial restructuring
which does not involve a material change in ownership of equity of the Company and which does not
result in a change in membership of the Board of Directors); or (iv) a sale of all or substantially
all of the assets of the Company.

     “Code” means the Internal Revenue Code of 1986, as now or hereafter existing, amended,
construed, interpreted, and applied by regulations, rulings or cases.

     “Company” means Logan’s Roadhouse, Inc., and any successor thereto.

     “Compensation” means any form of compensation received by an Eligible Person from an Employer
while the Eligible Person is a Participant, within the meaning of Code Section 3401(a) for the
purpose of income tax withholding at the source but determined without regard to any rules that
limit the remuneration included in wages based on the nature or location of the employment or the
services performed (such as the exception for agricultural labor in Code Section 3401(a)(2)).
Compensation taken into account for a Participant for a Plan Year will include compensation in
excess of the limit under Section 401(a)(17) of the Code.

     “Effective Date” means October 2, 2006.

     “Election Date” shall mean, with respect to regular Compensation or Performance-Based
Compensation earned during a Plan Year, December 31 of the Plan Year preceding the Plan Year during
which the services giving rise to such Compensation are performed. Provided, however, that for the
first Plan Year in which an individual becomes an Eligible Person, the Election Date shall mean the
thirtieth (30th) day after the individual first became an Eligible Person. An
Enrollment/Distribution Election Form filed by such individual shall apply only to Compensation
otherwise payable after the date on which the Enrollment/Distribution Election Form is filed.

     “Eligible Person” means any person who is a member of a select group of management or highly
compensated employees who was eligible to participate in the CBRL NQSP immediately prior to the
Effective Date of this Plan. Effective January 1, 2007, only those employees employed by the
Employer in a category of employment designated by the Employer on Exhibit A hereunder shall be
eligible to participate in the Plan.

2

 

     “Employer” means the Company and any Affiliate which, with the consent of the Board of
Directors, adopts this Plan and joins in the Trust Agreement.

     “Enrollment/Distribution Election Form” means an agreement, on a form or by a method
prescribed by the Plan Administrator, between a Participant and his or her Employer providing for
any of the following: (i) reduction of the Participant’s Compensation and the crediting of
Supplemental Savings Contributions by the Employer to the Participant’s Supplemental Savings
Account, (ii) in accordance with Section 7.1, the form of payment of the Participant’s Account; and
(iii) designation of one or more Investment Funds with respect to the Participant’s Accounts.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as now or hereafter
existing, amended, construed, interpreted, and applied by regulations, rulings or cases.

     “Investment Fund” means a fund managed by one or more investment managers, including a
regulated investment company, or any other investments designated by the Company from time to time.

     “Normal Retirement Date” means the first date on which a Participant’s age and
Years of Vesting Service total sixty-five (65) or more.

     “Participant” means any Eligible Person who has been admitted to participation in the Plan by
filing an Enrollment/Distribution Election Form with the Plan Administrator, and who has not ceased
participation in the Plan.

     “Performance-Based Compensation” shall mean Compensation where (i) the payment of the
Compensation or the amount of the Compensation is contingent on the satisfaction of organizational
or individual performance criteria, and (ii) the performance criteria are not substantially certain
to be met at the time a deferral election is permitted. Performance-Based Compensation may include
payments based upon subjective performance criteria, but (i) any subjective performance criteria
must relate to the performance of the Participant, a group of service providers that includes the
Participant, or a business unit for which the Participant provides services (which may include the
entire organization); and (ii) the determination that any subjective performance criteria have been
met must not be made by the Participant or a family member of the Participant (as defined in §
267(c)(4) of the Code, applied as if the family of an individual includes the spouse of any member
of the family). Performance-Based Compensation may also include payments based on performance
criteria that are not approved by a compensation committee of the Board of Directors or by the
stockholders of the Company. Notwithstanding the foregoing, Performance-Based Compensation does not
include any amount or portion of any amount that will be paid either regardless of performance, or
based upon a level of performance that is substantially certain to be met at the time the criteria
is established, or that is based solely on the value of, or appreciation in value of, the Company
or the stock of the Company.

     “Plan” means the Logan’s Roadhouse, Inc. Non-Qualified Savings Plan, as set forth herein and
as the same may from time to time be amended.

3

 

     “Plan Administrator” means the person, committee or other entity appointed by the
Company to administer the Plan or, in the absence of such appointment, the Company.

     “Plan Year” means the calendar year.

     “Qualified Plan” means the Logan’s Roadhouse, Inc. Employee Savings Plan, a
profit sharing plan with a cash or deferred feature, as the same may from time to time be amended.

     “Specified Employee” means a key employee (as defined in Section 416(i) of the
Code, but without regard to paragraph (5) thereof) of the Company. Provided, however, that no
Participant shall be considered to be a Specified Employee as of any date unless on such date the
stock of the Company is publicly traded on an established securities market or otherwise.

     “Separation Date” means the date a person is no longer employed by any
Affiliate.

     “Supplemental Matching Account” means the portion of the Account of a
Participant consisting of Supplemental Matching Contributions and adjusted for investment earnings
or losses, if any, on those contributions, as provided under the Plan.

     “Supplemental Matching Contribution” means the amount credited by the Employer
under Section 3.2.

     “Supplemental Savings Account” means the portion of the Account of a Participant
consisting of Supplemental Savings Contributions and adjusted for investment earnings or losses, if
any, on those contributions, as provided under the Plan.

     “Supplemental Savings Contribution” means the amount credited by the Employer
under Section 3.1 as a result of a Participant’s election on an Enrollment/Distribution Election
Form to reduce his or her Compensation.

     “Trust Agreement” means the trust agreement entered into between the Company and
the Trustee in connection with this Plan, as the same presently exists and as it may from time to
time hereafter be amended.

     “Trustee” means the party or parties acting as such under the Trust Agreement.

     “Trust Fund” means all of the assets held by the Trustee at any time under the
Trust Agreement.

     “Unforeseeable Emergency” means a severe financial hardship to the Participant
resulting from an illness or accident of the Participant, the Participant’s spouse, or of a
dependent (as defined in Section 152(a) of the Code) of the Participant, loss of the Participant’s
property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as
a result of events beyond the control of the Participant. The circumstances that will constitute an
Unforeseeable Emergency will be determined by the Plan Administrator depending upon the facts of
each case.

4

 

     “Valuation Date” means the last day of each Plan Year and each other interim
date on which the Plan Administrator directs the allocation of distributions, contributions and
earnings on Participants’ Accounts.

     “Year of Vesting Service” means a twelve (12) month period of continuous service
with the Company as an employee or an Eligible Person.

     Section 2.
Participation. An Eligible Person may become a Participant
for a calendar year by filing with the Plan Administrator an Enrollment/Distribution Election Form on or
before the Election Date for that calendar year.

     Section 3. Contributions.

          3.1. Supplemental Savings Contributions. The Employer will credit the
Participant’s Supplemental Savings Account with a Supplemental Savings Contribution on behalf of a
Participant equal to the portion of the Participant’s Compensation (in increments of one percent
(1%), but not to exceed fifty percent (50%) (or one hundred percent (100%) in the case of
Performance-Based Compensation) designated in the Participant’s Enrollment/Distribution Election
Form. Before the Election Date for each Plan Year, each Participant will be entitled to submit a
Contribution Change Form, which will change the amount of Supplemental Savings Contributions that
will be made to this Plan for the Plan Year.

          3.2. Supplemental Matching Contributions.

               3.2.1. Ordinary Supplemental Matching Contributions. For the 2006
Plan Year, the Employer may credit the Participant’s Supplemental Matching Account with a
Supplemental Matching Contribution equal to twenty-five percent (25%) of the Participant’s
Supplemental Savings Contributions, but determined without regard to any Supplemental Savings
Contribution which, when added to the Participant’s elective deferrals to the Qualified Plan,
exceeds six percent (6%) of the Participant’s Compensation.

               For Plan Years beginning on and after January 1, 2007, the Employer may credit the
Participant’s Supplemental Matching Account with a Supplemental Matching Contribution equal to
twenty-five percent (25%) of the Participant’s Supplemental Savings Contributions; provided,
however, that the amount of any Supplemental Matching Contribution for any Participant for a Plan
Year will not exceed three percent (3%) of the Participant’s Compensation for the Plan Year.

               3.2.2. Performance-Based Supplemental Matching Contributions. The
Employer may credit a Participant’s Supplemental Matching Account with a Supplemental Matching
Contribution equal to a percentage, as determined by the Employer, of the Participant’s
Supplemental Savings Contributions that are solely attributable to Performance-Based Compensation.

     3.3. Crediting of Contributions.

               3.3.1. The Employer may establish a Trust Fund which shall consist of assets
which the Employer may use to offset its liability for payments due to Participants under

5

 

the Plan. The Trust Fund will, at all times, be subject to the claims of judgment creditors of
the Employer and will otherwise be on such terms and conditions as will prevent taxation to
Participants and Beneficiaries of any amounts held in the Trust Fund or credited to Participant’s
Accounts prior to the time payments are made to them. The Trust Agreement shall prohibit the
location of trust assets outside the United States or the transfer of trust assets outside the
United States. Rights to payments will not be limited to assets held in the Trust Fund. The Plan
constitutes a mere promise by the Employer to make benefit payments in the future. It is the
intention of the Employer and the Participants that the Plan be unfunded for tax purposes and for
purposes of Title I of ERISA.

               3.3.2. In the event of a Change in Control, or at other times in its discretion, the Employer
will contribute to the Trust Fund an amount equal to all Supplemental Savings Contributions and
Supplemental Matching Contributions accrued by Participants. Such contribution shall be made within
sixty (60) days after the date of a Change in Control or, for amounts accrued after the date of the
Change in Control, during or within a reasonable time after the end of the Plan Year in which the
contribution is credited to the Participants’ Account.

     Section 4. Investment of Accounts.

          4.1. Investment Direction. Each Participant will have the right to submit
to the Company a request that investment returns on the Participant’s Account be determined on the
basis of the performance of one or more of the Investment Funds. Such Participant request shall not
result in any assurance to a Participant that Supplemental Savings Contributions or Supplemental
Matching Contributions will actually be invested by the Trustee in one or more of the Investment
Funds. A Participant may make or change an investment request in accordance with rules established
by the Plan Administrator, by notifying the Plan Administrator (or such other person or entity as
may be designated by the Plan Administrator) of such election or change in the manner designated by
the Plan Administrator from time to time.

          4.2. Investment Funds. The Plan Administrator will select three or more
Investment Funds according to criteria established by the Plan Administrator. The Plan
Administrator will have the right to merge or modify any existing Investment Funds, or to designate
or create additional Investment Funds. The assets of the Trust Fund shall be allocated among such
investments as the Administrator, in its sole and absolute discretion, shall designate from time to
time, unless such investments would cause the Trust Fund to fail to constitute a valid trust under
applicable law, in which case the Trustee shall determine applicable Trust Fund investments in
accordance with the Trust Agreement.

     Section 5. Valuations and Crediting.

          5.1. Valuations. The amount credited to each Participant’s Account will be determined by the Plan Administrator as of the close of business on each Valuation Date.

          5.2. Credits to and Charges Against Accounts. As of each Valuation Date, all crediting to and charging against Accounts will be made as follows:

               5.2.1. First, there will be determined the net adjusted Account by (a) charging
all distributions and withdrawals made during the period from the previous Valuation

6

 

Date to the current Valuation Date, (b) crediting contributions to the Account since the preceding
Valuation Date, and (c) at the option of the Plan Administrator, charging specifically against the
Accounts of Participants all or a portion of administrative expenses relating to the maintenance of
such Accounts.

               5.2.2. Second, all earnings or losses of the Investment Funds will be allocated by
the Plan Administrator in its discretion among the Participants’ Accounts according to their net
adjusted Accounts and the relative portions of such Accounts which are deemed by the Plan
Administrator to be allocated to each Investment Fund.

          5.3. Expenses. All brokerage fees, transfer taxes, and other
expenses incurred in connection with the investment of the Trust Fund will be added to the cost of such
investments or deducted from the proceeds thereof, as the case may be. All other costs and expenses
of administering the Plan will be paid or reimbursed from the Trust Fund, except to the extent that
the Employer elects to pay such costs and expenses without reimbursement.

     Section 6. Vesting and Separation from Service.

          6.1. Vested Percentage.

               6.1.1. A Participant will at all times be fully vested in his or her Supplemental
Savings Account.

               6.1.2. A Participant’s Supplemental Matching Account will become fully vested in the event of
the Participant’s death prior to otherwise separating from the service of the Employer.

               6.1.3. Except as otherwise provided in this Section, a Participant’s vested interest
in the Participant’s Supplemental Matching Account will be determined under the following table:

	 	 	 	 	 
	Years of Continuous Employment	 	Vested Percentage
	 
	less than 1
	 	 	0	%
	1 but less than 2
	 	 	20	%
	2 but less than 3
	 	 	40	%
	3 but less than 4
	 	 	60	%
	4 but less than 5
	 	 	80	%
	5 or more
	 	 	100	%

               Notwithstanding the foregoing, effective January 1, 2007, a Participant’s
Supplemental Matching Account will be fully vested (100% vested) at all times.

          6.2. Forfeiture. The nonvested portion of the Supplemental Matching Account
of a Participant who has incurred a Separation Date prior to the occurrence of an event specified
in Section 6.1.2 will be forfeited.

7

 

     Section 7.
Benefits.

          7.1. Forms of Benefit Payments. Except as otherwise provided in this section, a
Participant or Beneficiary will receive any benefit to which he or she is entitled in the form of a
single cash distribution.

               7.1.1. Provided, however, that if a Participant (i) incurs a Separation Date after reaching
the Normal Retirement Date, (ii) has so elected in an Enrollment/Distribution Election Form, and
(iii) has a vested Account balance (or portion of the vested Account balance to which the
installment election applies) that exceeds $5,000 on the Participant’s Separation Date, then
distribution of a Participant’s Account may be made in quarterly installments over a period not to
exceed ten (10) years.

               7.1.2. Payment to a Participant or Beneficiary shall commence within ninety (90) days
following the close of the Plan Year following the Participant’s Separation Date. Provided,
however, that for any Specified Employee, distribution may not begin before the earlier of (i)
six (6) months after the Separation Date, or (ii) the date of the Participant’s
death.

               7.1.3. A Participant may file a separate request for payment in installments under this
section 7.1 with respect to the portion of the Participant’s Account attributable to the
Supplemental Savings Contributions and Supplemental Matching Contributions for each Plan Year. Such
a request must be made on the Participant’s Enrollment/Distribution Election Form and filed with
the Plan Administrator by the Election Date for the Plan Year and, once made, may not be revoked
except in accordance with the provisions of this Plan or the Treasury Regulations.

               7.1.4. A Participant may change his distribution election by filing a Distribution
Election Change Form. The Distribution Election Change Form will supercede any prior election;
provided, however, that (i) the new election does not take effect until twelve (12) months after
the date on which the election is made; (ii) payment under the new election must be deferred for a
period of at least five (5) years from the date on which payment would otherwise have been made or
commenced; and (iii) if the subsequent election relates to a payment that was scheduled
to be made on a specified date, the subsequent election must be more than twelve (12) months prior
to the date the first payment was scheduled to be made.

          7.2. Retirement Benefit. Upon incurring a Separation Date, the Participant will
receive in accordance with Section 7.1 a retirement benefit in an amount equal to the undistributed
vested portion of the Participant’s Account. The Participant’s Account shall be valued as of the
Valuation Date coinciding with or as soon as administratively practicable preceding the date of the
distribution. Notwithstanding the foregoing, if a Participant dies before receiving a distribution
of his or her vested Account, his or her Beneficiary will receive a death benefit, as determined
under Section 7.3, below.

          7.3. Death Benefit. If a Participant dies before receiving a
distribution of his
or her vested Account, the Participant’s Beneficiary will receive a death benefit, in lieu of the
retirement benefit, equal to the undistributed balance in the Participant’s Account. The

8

 

Participant’s Account shall be valued as of the Valuation Date coinciding with or as soon as
administratively practicable preceding the date of the distribution.

          If a Participant dies after commencement of installment payments, the remaining undistributed
balance, if any, of the Participant’s Account shall be paid in a single cash distribution to the
Participant’s Beneficiary as soon as administratively practicable following the death of the
Participant.

          7.4.
Beneficiary Designation.

               7.4.1. A Participant’s death benefit will be paid to the Beneficiary designated by the
Participant under the Qualified Plan unless the Participant makes a separate Beneficiary
designation under this Plan. A Participant may designate and from time to time change the
designation of one or more Beneficiaries or contingent Beneficiaries to receive any death benefit.
The designation and consent will be on a form supplied by the Plan Administrator. All records of
Beneficiary designations will be maintained by the Plan Administrator.

               7.4.2. In the event that the Participant fails to designate a Beneficiary under both the
Qualified Plan and this Plan, or in the event that the Participant is predeceased by all designated
primary and contingent Beneficiaries under the Qualified Plan and this Plan, (a) if the Participant
is survived by a spouse, the death benefit will be payable to the Participant’s surviving spouse
who will be deemed to be the Participant’s designated Beneficiary for all purposes under this Plan,
or (b) if the Participant is not survived by a spouse, the death benefit will be payable to the
Participant’s estate.

          7.5.
In-Service Distributions due to Unforeseeable Emergency. A
Participant may apply for and receive an early payment of any or all vested amounts held in the
Account of such Participant upon an Unforeseeable Emergency. Provided, however, that the amount
which may be distributed to a Participant as the result of an Unforseeable Emergency may not to
exceed the least of (i) the amount credited to such Participant’s Account, (ii) the amount
requested by the Participant, or (iii) the amount determined by the Plan Administrator as being
reasonably necessary to satisfy the need created by the Unforseeable Emergency, plus amounts
necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into
account the extent to which such need is or may be relieved through reimbursement or compensation
by insurance or otherwise or by liquidation of the Participant’s assets (to the extent the
liquidation of such assets would not itself cause severe financial hardship). Distributions under
this Section will be deemed to be made as of the Valuation Date coinciding with or as soon as
administratively practicable preceding the date of distribution and will be charged against a
Participant’s Account in such manner as the Plan Administrator determines. A Participant who has
received a distribution from this Plan pursuant to this Section 7.5. will not be eligible to make
any Supplemental Savings Contributions or be credited with any Supplemental Matching Contributions
for 12 months after the distribution.

          7.6.
Distributions on a Specified Date. A Participant may file a request for
payment of all or a portion of the Participant’s Account on a date specified by the Participant.
Such a request may be made with respect to the portion of the Participant’s Account attributable to
the Supplemental Savings Contributions and Supplemental Matching Contributions for each

9

 

Plan Year. The request must be made on the Participant’s Enrollment/Distribution Election
Form and filed with the Plan Administrator by the Election Date for the Plan Year and, once made,
may not be revoked except in accordance with the provisions of this Plan or the Treasury
Regulations.

          7.7.
Withholding. The Employer may withhold from payments due under the Plan any and all
taxes of any nature required by any government to be withheld.

     Section 8. The Plan Administrator.

          8.1.
Plan Administrator. The Plan Administrator will interpret the Plan and determine
in its sole and absolute discretion all questions arising in the administration, interpretation
and application of the Plan and the amount of benefits payable thereunder. The Plan
Administrator’s interpretations and determinations will be final and binding on all persons absent
fraud or the arbitrary and capricious abuse of the wide discretion granted to the Plan
Administrator. The Plan Administrator will provide the Trustee with instructions regarding
payments of benefits. The Plan Administrator will provide directions to the Trustee with respect
to the declaration of Valuation Dates and all other matters when called for in the Plan or
requested by the Trustee. The Plan Administrator may waive any period of notice required under the
Plan. The Plan Administrator will provide procedures for the determination of claims for benefits.

          8.2.
Engagement of Assistants and Advisors. The Plan Administrator will have
the right to hire such professional assistants and consultants as it, in its sole discretion,
deems necessary or advisable. To the extent that the costs for such assistants and advisors are
not paid or reimbursed from the Trust Fund, they will be paid by the Employer.

          8.3.
Compensation. All expenses of the Plan Administrator will be paid
or reimbursed by the Trust Fund, and if not so paid or reimbursed will be paid by the Employer.

          8.4.
Indemnification of the Plan Administrator. The Plan Administrator will be
indemnified by the Employer against costs, expenses and liabilities (including reasonable
attorneys’ fees but excluding amounts paid in settlements to which the Employer does not consent)
reasonably incurred by him or her in connection with any action or investigation to which he or
she may be a party by reason of his or her service as Plan Administrator, except in relation to
matters as to which he or she may be adjudged in such action to be personally guilty of willful
misconduct in the performance of his or her duties. The foregoing right to indemnification will be
in addition to such other rights as the Plan Administrator may enjoy as a matter of law, under the
Company’s Certificate of Incorporation or By-Laws or by reason of insurance coverage of any kind,
or otherwise. Service as an Plan Administrator will be deemed in partial fulfillment of the
member’s function as an Eligible Person, officer and/or director of the Employer, if he or she
serves in such capacity as well. No amendment of this Section diminishing the right to
indemnification provided herein will apply to any action or investigation commenced prior to the
adoption of such amendment.

     Section 9.
Authority and Responsibilities of the Company. The
Board of Directors of the Company will have the following authority and responsibility:

10

 

               (a) To appoint the Trustee and the Plan Administrator and to monitor each of their
performances;

               (b) To communicate such information to the Plan Administrator and to the Trustee as each needs
for the proper performance of its duties; and

               (c) To perform such duties as imposed by applicable law and to serve as the Plan Administrator
in the absence of an appointed Plan Administrator.

     Section 10.
Claims Procedures.

     10.1.
Claims. Any claim for benefits not received upon termination of
employment shall be made in writing to the Plan Administrator. The Plan Administrator will handle
claims in accordance with the following provisions:

          10.1.1. General Rule. If a claim is wholly or partially denied, the
Plan Administrator shall notify the Participant or Beneficiary claimant, in accordance with
paragraph (c) of this Section, of the Plan’s adverse benefit determination within a reasonable
period of time, but not later than ninety (90) days after receipt of the claim by the Plan, unless
the Plan Administrator determines that special circumstances require an extension of time for
processing the claim. If the Plan Administrator determines that an extension of time for processing
is required, written notice of the extension shall be furnished to the Participant or Beneficiary
claimant prior to the termination of the initial ninety (90)-day period. In no event shall such
extension exceed a period of ninety (90) days from the end of such initial period. The extension
notice shall indicate the special circumstances requiring an extension of time and the date by
which the Plan expects to render the benefit determination.

          10.1.2. Calculating Time Periods. For purposes of this Section 10.1,
the period of time within which a benefit determination is required to be made shall begin at the
time a claim is filed in accordance with the Plan’s claim procedures, without regard to whether all
the information necessary to make a benefit determination accompanies the filing.

          10.1.3. Manner and Content of Notcation of Benefit Determination. The
Plan Administrator shall provide a Participant or Beneficiary claimant with written notification of
any adverse benefit determination. The notification shall set forth, in a manner calculated to be
understood by the Participant or Beneficiary claimant—

               (a) The specific reason or reasons for the adverse determination;

               (b) Reference to the specific Plan provisions on which the determination is based;

               (c) A description of any additional material or information necessary for the Participant or
Beneficiary claimant to perfect the claim and an explanation of why such material or information is
necessary;

               (d) A description of the Plan’s review procedures as described in Section 9.2 and the time
limits applicable to such procedures, including a statement of the

11

 

Participant or Beneficiary claimant’s right to bring a civil action under Section 502(a) of ERISA
following an adverse benefit determination on review.

     10.2. Appeal of Adverse Benefit Determinations. Within sixty (60) days after the
receipt from the Plan Administrator of any written denial of a claim for benefits (including denial
of an application for a withdrawal), a Participant or Beneficiary whose claim is denied may
request, by written application to the Plan Administrator, a review by the Plan Administrator of
the decision denying the payment of benefits.

          10.2.1. Submission of Additional Information. In connection with an appeal
of an adverse benefit determination under this Section 10.2, a Participant or Beneficiary shall be
entitled to submit written comments, documents, records, and other information relating to the
claim for benefits. Review of an appeal under this Section 10.2 shall take into account all
comments, documents, records, and other information submitted by the Participant or Beneficiary
relating to the claim, without regard to whether such information was submitted or considered in
the initial benefit determination.

               (a) Review of Relevant Information. The Participant or
Beneficiary shall also be provided, upon request and free of charge, reasonable access to, and copies of, all
documents, records, and other information relevant to the Participant or Beneficiary’s claim for
benefits. For purposes of this Section, the determination of whether a document, record, or other
information shall be considered “relevant” shall be made in accordance with the definition in
Section 10.4.3.

     10.3.
Notification of Benefit Determination on Review.

          10.3.1. Manner and Content of Notification of Benefit Determination on
Review. The Plan Administrator shall provide a Participant or Beneficiary claimant with
written notification of the Plan’s benefit determination on review. In the case of an adverse
benefit determination, the notification shall set forth, in a manner calculated to be understood by
the Participant or Beneficiary claimant:

               (a) The specific reason or reasons for the adverse determination;

               (b) Reference to the specific plan provisions on which the determination is based;

               (c) A statement that the claimant is entitled to receive, upon request
and free of charge, reasonable access to, and copies of, all documents, records, and other
information relevant to the claimant’s claim for benefits. For purposes of this Section,
determination of whether documents, records, and other information shall be considered “relevant”
shall be made in accordance with the definition provided in Section 10.4.3;

               (d) A statement of the Participant or Beneficiary claimant’s right to
bring a civil action under Section 502(a) of ERISA.

12

 

          10.3.2. Timing of Notification of Benefit Determination on Review.

               (a) General Rule. Except as provided in paragraph (b) of this Section, the Plan
Administrator shall notify a Participant or Beneficiary claimant in accordance with paragraph (a)
of this Section of the Plan’s benefit determination on review within a reasonable period of time,
but not later than sixty (60) days after receipt of the claimant’s request for review by the Plan,
unless the Plan Administrator determines that special circumstances require an extension of time
for processing the claim. If the Plan Administrator determines that an extension of time for
processing is required, written notice of the extension shall be furnished to the claimant prior to
the termination of the initial sixty (60)-day period. In no event shall such extension exceed a
period of sixty (60) days from the end of the initial period. The extension notice shall indicate
the special circumstances requiring an extension of time and the date by which the Plan expects to
render the determination on review.

               (b) Special Rule in Case of a Committee Serving as Plan Administrator. In the event that the
Company has designated more than one person to serve by committee as Plan Administrator, and the
committee serving as Plan Administrator holds regularly scheduled meetings at least quarterly,
paragraph (a) of this Section shall not apply, and the Plan Administrator shall instead make a
benefit determination no later than the date of the meeting of the committee that immediately
follows the Plan’s receipt of a request for review, unless the request for review is filed within
thirty (30) days preceding the date of such meeting. In such case, a benefit determination may be
made no later than the date of the second meeting following the Plan’s receipt of the request for
review. If special circumstances require further extension of time for processing, a benefit
determination shall be rendered not later than the third meeting of the committee following the
Plan’s receipt of the request for review. If such an extension of time for review is required
because of special circumstances, the Plan Administrator shall provide the claimant with written
notice of the extension, describing the special circumstances and the date as of which the benefit
determination will be made, prior to the commencement of the extension. The Plan Administrator
shall notify the claimant, in accordance with paragraph (a) of this Section, of the benefit
determination as soon as possible, but no later than five (5) days after the benefit determination
is made.

               (c) Calculating Time Periods. For purposes of this Section 10.3, the period of time within
which a benefit determination on review is required to be made shall begin at the time an appeal is
filed in accordance with the reasonable procedures of a Plan, without regard to whether all the
information necessary to make a benefit determination on review accompanies the filing. In the
event that a period of time is extended as permitted pursuant to paragraph (a) or (b) of this
Section due to a claimant’s failure to submit information necessary to decide a claim, the period
for making the benefit determination on review shall be tolled from the date on which the
notification of the extension is sent to the claimant until the date on which the claimant responds
to the request for additional information.

     10.4. Definitions. For purposes of Section 10, the following terms shall be
defined as follows:

          10.4.1. Adverse benefit determination. “Adverse benefit determination”
means any of the following: a denial, reduction, or termination of, or a failure to provide or make

13

 

payment (in whole or in part) for, a benefit, including any such denial, reduction,
termination, or failure to provide or make payment that is based on a determination of a
Participant’s or Beneficiary’s eligibility to participate in the Plan.

          10.4.2. Notice or notification. “Notice” or “Notification” means the
delivery or furnishing of information to an individual in a manner that satisfies the standards of
29 CFR 2520.104b-1(b) as appropriate with respect to material required to be furnished or made
available to an individual.

          10.4.3. Relevant. A document, record or other information shall be
considered “relevant” to the Participant or Beneficiary’s claim if such document, record or other
information:

               (a) was relied upon in making the benefit determination;

               (b) was submitted, considered, or generated in the course of making the benefit determination,
without regard to whether such document, record, or other information was relied upon in making the
benefit determination; and

               (c) demonstrates compliance with the administrative processes and safeguards designed to
ensure and to verify that benefit claim determinations are made in accordance with the Plan and
that, where appropriate, the Plan provisions have been applied consistently with respect to
similarly situated Participants or Beneficiaries.

     Section 11. Amendment, Termination, Mergers and Consolidations.

          11.1. Amendment. The provisions of this Plan may be amended at any time and from
time to time by the Company; provided, however, that:

               11.1.1. No amendment will increase the duties or liabilities of the Trustee
without the consent of the Trustee.

               11.1.2. No amendment will decrease the vested balance in any Account.

               11.1.3. No amendment shall adversely impact the Participants’ rights to receive
payment under the Plan with respect to vested Participant Accounts.

               11.1.4. No amendment will decrease any Participant’s vested percentage
of his or her Account.

          11.2. Termination. While it is the Company’s intention to continue the Plan
indefinitely in operation, the Company nevertheless reserves the right to terminate the Plan in
whole or in part. On termination of the Plan, the Trustee will pay over to each Participant (and
deferred vested former Participant) the value of his or her vested Account, and thereupon dissolve
the Trust Fund.

          11.3. Permanent Discontinuance of Contributions. The Company reserves the
right at any time to permanently suspend or discontinue all Employer contributions.

14

 

     Section 12. Participating Employers.

          12.1. Adoption by Other Corporations. With the consent of the Board of
Directors, any Affiliate may adopt this Plan and all of the provisions hereof as to all or any
category of its Eligible Persons, as a participating Employer, by a properly executed document
evidencing the intent and will of the board of directors of the other corporation.

          12.2. Requirements of Participating Employers. Each participating Employer will be
required to use the same Trustee and Trust Agreement as provided in this Plan, and the Trustee will
commingle, hold and invest as the Trust Fund all contributions made by participating Employers, as
well as all increments thereof.

          12.3. Designation of Agent. With respect to all relations with the Trustee and
Plan Administrator, each participating Employer will be deemed to have irrevocably designated the
Company as its agent.

          12.4. Discontinuance of Participation. Any participating Employer may discontinue
or revoke its participation in the Plan. At the time of any such discontinuance or revocation,
satisfactory evidence thereof and of any applicable conditions imposed will be delivered to the
Trustee.

          12.5. Plan Administrator’s Authority. The Plan Administrator will have
discretionary authority to make any and all necessary rules or regulations, binding upon all
participating Employers and all Participants, to effectuate the purposes of the Plan.

     Section 13. Miscellaneous Provisions.

          13.1. Nonalienation of Benefits. None of the payments, benefits, or rights
of any Participant or Beneficiary will be subject to any claim of any creditor of such Participant
or Beneficiary, and, to the fullest extent permitted by law, all such payments, benefits, and
rights will be free from attachment, garnishment, or any other legal or equitable process available
to any creditor of such Participant or Beneficiary. No Participant or Beneficiary will have the
right to alienate, anticipate, commute, pledge, encumber, or assign any of the benefits or payments
which he or she may expect to receive, contingently or otherwise, under the Plan, except the right
to designate a Beneficiary.

          13.2. No Contract of Employment. All benefits created by the Plan constitute a
voluntary act on the part of the Employer and are not to be deemed or construed to be a part of any
contract of employment. Neither the action of the Employer in establishing the Plan nor any action
hereafter taken by the Employer or the Plan Administrator will be construed as giving to any
Eligible Person a right to be retained in the service of the Employer or any right or claim to any
benefits under the Plan except as expressly provided in the Plan.

          13.3. Severability. If any provision of this Plan is held invalid or
unenforceable, such invalidity or unenforceability will not affect any other provision hereof, and
this Plan will be construed and enforced as if such invalid or unenforceable provision had not been
included.

15

 

          13.4. Successors. This Plan will be binding upon the heirs, executors,
administrators, personal representatives, successors, and assigns of the parties, including each
Participant and Beneficiary, present and future.

          13.5. Captions. The headings and captions herein are provided for convenience
only, will not be considered a part of the Plan, and will not be employed in the construction
of the Plan.

          13.6. Gender and Number. Except where otherwise clearly indicated by context, the
masculine gender will include the feminine gender, the singular will include the plural,
and vice versa.

          13.7. Controlling Law. This Plan will be construed and enforced according to the
laws of the State of Tennessee to the extent not preempted by federal law, which will otherwise
control. This Plan is intended to comply with the requirements of Section 409A of the Code, and
shall be interpreted in accordance with such intent.

          13.8. Title to Assets. No Participant or Beneficiary will have any right to, or
interest in, any assets of the Trust Fund, upon termination of his or her employment or otherwise.
The Employer will remain primarily liable to pay benefits under the Plan. However, the Employer’s
liability under the Plan will be reduced or offset to the extent benefit payments are made from the
Trust Fund. The provisions of the Trust Fund are incorporated by reference.

          13.9. Payments to Minors, Etc. Any benefit payable to or for the benefit of a
minor, an incompetent person or other person incapable of receipting therefore will be deemed paid
when paid to such person’s guardian, to a trustee holding assets for such person or to the party
providing, or reasonably appearing to provide, for the care of such person, and such payments will
fully discharge the Trustee, the Plan Administrator, the Employer and all other parties with
respect thereto.

          13.10. Acknowledgments. The Participants specifically understand and acknowledge that the value of the Accounts may increase or decrease and that any such decrease will
reduce the benefits payable under this Plan.

          13.11. Entire Agreement; Successors. This Plan, including any election agreements
and any amendments thereto, will constitute the entire agreement between the Company and the
Participant with respect to the amounts payable under the Plan. No oral statement regarding the
Plan may be relied upon by the Participant. This Plan and any amendment will be binding on the
parties thereto and their respective heirs, administrators, trustees, successors and assigns, and
on all Beneficiaries. By becoming a Participant, each Eligible Person will be conclusively deemed
to have assented to the provisions of the Plan and the Trust Agreement and to any amendments
thereto.

          13.12. Tax Effects. None of the Employer, the Plan Administrator, and any firm,
person, or corporation, represents or guarantees that any particular federal, state or local tax
consequences will occur as a result of any Participant’s participation in this Plan. Each

16

 

Participant should consult with his or her own advisors regarding the tax consequences of
participation in this Plan.

	 	 	 	 	 
	 	Logan’s Roadhouse, Inc.

 	 
	 	By:
 	/s/ Amy Bertauski 	 
	 	 	Title: CFO	 
	 	 	 

17

 

	 	 	 	 	 

LOGAN’S ROADHOUSE, INC.

NON-QUALIFIED SAVINGS PLAN

EXHIBIT A

ELIGIBLE EMPLOYEES

In accordance with Section 1 of this Plan Document, employees who are members of a select group of
management employed by the Employer in a category of employment designated below shall be eligible
for participation in the Plan. In all cases, however, the Employer shall have final authority and
discretion to determine those positions and employees who will be eligible to participate in the
Plan, regardless whether such positions or employees are listed below.

Effective January 1, 2007, Eligible Employee means:

Any Employee who earned more than $100,000 (as indexed under Section 415(d) of the Code) of
“compensation” from the Employer during the Plan Year. For purposes of this Appendix A,
“compensation” shall mean Compensation defined under Section 1 of the Plan excluding any amounts
realized from the exercise of a nonqualified stock option, or when restricted stock (or property)
held by the Employee either becomes freely transferable or is no longer subject to a substantial
risk of forfeiture.

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