Document:

Employment Agreement

 Exhibit 10.1 
  
 EMPLOYMENT AGREEMENT 
  
 THIS EMPLOYMENT AGREEMENT, is made as of this 14th day of October, 2004 by and between BUCA, Inc., a Minnesota corporation (the
“Company”) and Wallace B. Doolin (the “Executive”). 
  
 WHEREAS, the Company desires to employ Executive to devote full time service to the business of the Company and Executive desires to be so employed. 
  
 NOW THEREFORE, IN CONSIDERATION of the premises and the terms and conditions hereinafter set forth, the parties hereto agree
as follows: 
  
 1. Employment. Subject to the terms and
conditions hereof, the Company shall employ Executive and Executive agrees to be so employed in the capacity of President and Chief Executive Officer for a term commencing the date hereof and ending on December 31, 2007, or earlier upon termination
in accordance with Section 9 of this Agreement. The term of Executive’s employment hereunder will automatically renew for additional one (1) year extension or renewal term(s) unless Executive or the Company provides 90 days prior written notice
to the other that he/it does not intend to renew or extend his employment past its then-current expiration date. 
  
 2. Duties. Commencing with the Effective Date (as defined below), Executive shall diligently and conscientiously devote his full time and attention
to the discharge of his duties as President and Chief Executive Officer and such other positions as assigned by the Board of Directors. In such capacity, Executive shall at all times discharge said duties in consultation with and under the
supervision of the Board of Directors of the Company. Executive shall perform such other duties as may from time to time be given to him by the Board of Directors. “Effective Date” means that date that is four weeks after Executive
completes any advisory or other services to his previous employer, but in no event later than December 1, 2004. In addition, so long as Executive shall be employed as President and Chief Executive Officer, the Company represents to Executive that he
will be offered the position of Chairman in connection with this Agreement and the Company shall take all reasonable action within its control to cause Executive to be appointed or elected as the Chairman of the Board of Directors beginning on the
Effective Date. Executive hereby represents and confirms that neither (i) Executive’s entering into this Agreement nor (ii) Executive’s performance of his duties and obligations hereunder will violate or conflict with any other agreement
(oral or written) to which Executive is a party or by which Executive is bound. 
  
 3. Base Salary. Commencing at the Effective Date, the Company shall pay to Executive an annualized base salary of $525,000 in 2004 and 2005. The Compensation Committee of the Board of Directors (or other
authorized committee of the Board of Directors) (the “Committee”) shall establish Executive’s base salary for 2006 and each subsequent calendar year in an amount not less than the base salary in effect for the prior year, plus
an increase in an amount equal to ten (10) percent of the prior year’s base cash bonus, if any. The base salary is payable in accordance with the Company’s standard payroll practices and procedures as in effect from time to time.

 4. Bonuses. Executive shall be eligible to receive a base cash bonus in an amount up to 50%
percent of base salary for that year. Payment of any base cash bonus shall be based upon the Company attaining certain performance targets selected by the Committee and based upon the budget for the applicable year, as approved by the Board of
Directors. The Company agrees that Executive shall earn 100% of the available pro-rata base cash bonus for the remainder of 2004 from and including the Effective Date and no less than 75% of any available base cash bonus for 2005. In addition, if
actual EBITDA (as defined below) for any fiscal year beginning with the 2005 fiscal year exceeds the EBITDA annual budget amount for that fiscal year (the “EBITDA Excess”), then Executive shall receive an additional bonus, following
the end of such fiscal year, equal to five percent of the EBITDA Excess. “EBITDA” for any year shall mean the consolidated net income (or net loss) of the Company and its subsidiaries for such year, plus any interest expense, income
taxes, depreciation, amortization, and extraordinary expenses or losses deducted in determining the same and minus any interest income or extraordinary income included in determining the same, all computed in accordance with generally accepted
accounting principles consistent with those applied in the preparation of the audited consolidated financial statements of the Company and its subsidiaries. If the Company shall make a significant acquisition or disposition of assets or business
operations during any year, the EBITDA annual budget amount shall be adjusted in a manner the Board of Directors determines in good faith to be equitable. 
  
 5. Stock Option. As an incentive to Executive, upon execution of this Agreement Executive shall be entitled to
purchase 750,000 shares of the Company’s common stock, to vest on December 26, 2004 and to be exercisable as set forth in the non-qualified stock option agreement attached hereto as Exhibit A; such options are granted under the BUCA, Inc. and
Affiliated Entities, as amended from time to time (the “Incentive Plan”). 
  
 6. Relocation Allowance and Expenses. The Company shall pay Executive a relocation allowance of $115,000, to be paid one-half on the Effective Date and one-half on January 31, 2005. Commencing on the Effective
Date and while Executive is employed by the Company hereunder, the Company shall reimburse Executive for all reasonable and necessary out-of-pocket business, travel and entertainment expenses incurred by him in carrying out his duties under this
Agreement, subject to the Company’s normal policies and procedures for expense verification and documentation. Commencing on the Effective Date and while Executive is employed by the Company hereunder, in recognition of Executive’s need
for an automobile for business purposes, the Company will provide Executive with a $1,250 per month automobile allowance. 
  
 7. Benefits. Commencing on the Effective Date and while Executive is employed by the Company hereunder, Executive shall be entitled to participate
in any benefit plans or programs provided generally to the Company’s executives, to the extent Executive is eligible to participate under the terms and conditions of the plans or programs. The Company provides no assurance as to the adoption or
continuance of any particular employee benefit plan or program, and Executive’s participation in any such plan or program shall be subject to the provisions, rules and regulations applicable thereto. Commencing on the Effective Date and while
Executive is 
  

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 employed by the Company hereunder, Executive shall be entitled to vacation leave of not less than four weeks per calendar
year and holidays in accordance with Company policy for employees, or such additional weeks as otherwise approved by the Board of Directors. Such vacation shall be taken by Executive at times so as not to unduly disrupt the operations of the Company
and shall not be accrued and carried over from year to year. 
  
 8. Other Benefits. 
  
 (a) Health/Disability
Income Insurance. Executive shall be entitled, at the Company’s expense, to medical and hospitalization benefits for himself and his spouse, and other benefits as herein set forth, as are made available to senior executive employees of the
Company. Additionally, a Disability Income policy shall be purchased in Executive’s name, and the premium paid by the Company in an amount and on terms commensurate with Executive’s compensation and valid underwriting considerations.
 
  
 (b) Annual Physical. The Company shall pay all
unreimbursed out-of-pocket costs associated with an annual physical examination of Executive, such amount not to exceed $3,000 per year. 
  
 (c) Tax Planning. The Company shall reimburse Executive for tax planning costs and fees associated with the acquisition of current options of stock
granted to Executive under that certain Incentive Plan, such amount not to exceed $2,000 per year. 
  
 (d) Qualified Retirement Account. Upon the Effective Date, Executive will be eligible to participate in the Company’s 401(k) Plan or other
appropriate qualified retirement plan, subject to the terms and conditions of such plan. 
  
 9. Termination. Executive’s employment hereunder shall terminate immediately upon: 
  
 (a) the death of Executive; 
  
 (b) Executive’s receipt of notice to Executive from the Company that his employment is terminated due to Executive’s inability to perform his
usual and customary duties by reason of Physical or Mental Disability; 
  
 (c) Executive’s receipt of notice from the Company of the termination of his employment (with or without Cause); 
  
 (d) Executive’s abandonment of his employment or receipt by the Company of notice of his resignation; or 
  
 (e) by Executive, if, following a Change in Control (as defined below) of the
Company, Executive’s duties (as in effect immediately prior to such Change in Control) are Substantially Reduced or Negatively Altered (as defined below), without his prior written consent, upon thirty (30) days prior written notice to the
Company. 
  

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 For purposes of this Section and Section 10, “Cause” means 
  
 (i) an act or acts of dishonesty undertaken by Executive and
intended to result in material personal gain or enrichment of Executive or others at the expense of the Company; 
  
 (ii) gross misconduct that is willful or deliberate on Executive’s part and that, in either event, is injurious to the Company;

  
 (iii) the conviction of Executive of a
felony; or 
  
 (iv) the material breach of any
terms and conditions of this Agreement by Executive, which breach has not been cured by Executive within 30 days after written notice thereof to Executive from the Company. 
  
 For purposes of this Section and Section 10, “Physical or Mental Disability” means the inability of
Executive to perform on a full-time basis the duties and responsibilities of his employment with the Company by reason of his illness or other physical or mental impairment or condition, if such inability continues (i) for an uninterrupted period of
120 days or more during any 360-day period or (ii) for 180 days in any 360-day period. A period of inability shall be “uninterrupted” unless and until Executive returns to full-time work for a continuous period of at least 30 days.

  
 For purposes of this Section and Section 10, “Change
in Control” with respect to the Company shall have occurred on the earliest of the following dates: 
  
 (i) the date after the Effective Date that any entity or person (including a “group” as defined in Section 13(d)(3) of the
Securities Exchange Act of 1934 (the “Exchange Act”)) shall have become the beneficial owner of, or shall have obtained voting control over, fifty percent (50%) or more of the outstanding common shares of the Company (provided that
this clause (i) shall not apply to any acquisition or beneficial ownership by any corporation with respect to which, immediately following such acquisition, more than 70% of both the combined voting power of the Company’s then outstanding
securities entitled to vote generally in the election of directors (the “Voting Securities”) and the then-outstanding common stock is then beneficially owned, directly or indirectly, by all or substantially all of the persons who
beneficially owned the Voting Securities and the common stock immediately prior to such acquisition in substantially the same proportions as their ownership of such Voting Securities and the common stock, as the case may be, immediately prior to
such acquisition); 
  
 (ii) the date after the
Effective Date that the shareholders of the Company approve a definitive agreement: (A) to merge or consolidate the Company with or into another corporation, or to merge another corporation into the Company, in which the Company is not the
continuing or surviving corporation or pursuant to which any common shares of the Company would be 
  

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 converted into cash, securities of another corporation, or other property (this clause (A) shall not
apply to a merger or consolidation of the Company in which, immediately following such merger or consolidation, more than 70% of both the combined voting power of the Company’s then outstanding Voting Securities and the then outstanding common
stock is then beneficially owned, directly or indirectly, by all or substantially all of the persons who beneficially owned the Voting Securities and the common stock immediately prior to such merger or consolidation in substantially the same
proportions as their ownership of such Voting Securities and common stock, as the case may be, immediately prior to such merger or consolidation); or (B) to sell or otherwise dispose of substantially all of the assets of the Company; or 

 
 (iii) Continuing Directors shall not constitute a
majority of the members of the Board of Directors of the Company. For purposes of this clause (iii), “Continuing Directors” shall mean: (A) individuals who, on the date hereof, are directors of the Company, (B) individuals elected
as directors of the Company subsequent to the date hereof for whose election proxies shall have been solicited by the Board of Directors of the Company or (C) any individual elected or appointed by the Board of Directors of the Company to fill
vacancies on the Board of Directors of the Company caused by death or resignation (but not by removal) or to fill newly-created directorships, provided that a “Continuing Director” shall not include an individual whose initial assumption
of office occurs as a result of an actual or threatened election contest with respect to the threatened election or removal of directors (or other actual or threatened solicitation of proxies or consents) by or on behalf of any person other than the
Board of Directors of the Company. 
  
 Notwithstanding anything
stated above, a Change in Control shall not be deemed to occur with respect to Executive if (x) the acquisition or beneficial ownership of the 50% or greater interest referred to in clause (i) of the definition is by Executive or by a group, acting
in concert, that includes Executive or (y) a majority of the then combined voting power of the then outstanding voting securities (or voting equity interests) of the surviving corporation or of any corporation (or other entity) acquiring all or
substantially all of the assets of the Company shall, immediately after a merger, consolidation or disposition of assets referred to in clause (ii) above, be beneficially owned, directly or indirectly, by Executive or by a group, acting in concert,
that includes Executive. 
  
 For purposes of this Section and
Section 10, “Substantially Reduced or Negatively Altered” means, without Executive’s express written consent: 
  
 (i) the assignment to Executive of duties, considered in the aggregate, inconsistent with Executive’s positions, duties,
responsibilities and status with the Company immediately prior to a Change in Control or a change in Executive’s reporting responsibilities, titles or offices, or any removal of Executive from, or any failure to re-elect Executive to, any of
such positions, except in connection with the termination of Executive’s employment for Cause, upon the Physical or Mental Disability or death of Executive, or upon the voluntary termination by Executive; 
  

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 (ii) a reduction in Executive’s base salary below the minimum base salary in effect
at the time of such Change in Control, as determined in accordance with Section 3 hereof; 
  
 (iii) requiring Executive to move his residence more than 100 miles from the Twin Cities metropolitan area; or 
  
 (iv) failure of any successor to the Company not otherwise
bound by this Agreement to expressly assume and agree to perform the obligations of the Company under this Agreement. 
  
 10. Effect of Termination. If Executive is terminated by the Company for Cause or if Executive terminates employment under Section 9(d), Executive
shall be paid only to the date of actual termination of employment and Executive shall not be entitled to any additional compensation for the year in which termination of employment occurs (or any subsequent year) or any other termination payment.

  
 If Executive is terminated by reason of death or Physical or
Mental Disability, Executive or his estate shall be entitled to a termination payment equal to the product of (x) the greater of the number of full months remaining on his then-current employment term or 24, except that if the number of full months
remaining is less than 12 full months, then the number of such remaining full months plus 12, multiplied by (y) Executive’s base monthly salary then in effect. Such amount shall be payable in substantially equal monthly installments over the
number of months determined according to (x) above, beginning on the first day of the month following termination of employment. Any such termination payment shall be reduced by all disability insurance payments received by Executive during such
period under disability insurance policies provided by the Company. 
  
 If Executive terminates employment for the reason specified in Section 9(e) or if Executive is terminated by the Company without Cause following a Change in Control or if Executive is terminated without Cause by the Company during any term
of employment (including any renewal or extension term) under this Agreement, Executive shall be entitled to a termination payment equal to (i) to the product of (x) the greater of the number of full months remaining on his then-current employment
term or 24, except that if the number of full months remaining is less than 12 full months, then the number of such remaining full months plus 12, multiplied by (y) Executive’s base monthly salary then in effect, plus (ii) the prior year’s
base cash bonus earned, if any. Such amount shall be payable in substantially equal monthly installments over the number of months determined according to (x) above, beginning on the first day of the month following termination of employment. In
addition, in connection with any such termination covered by this paragraph, the Company shall continue Executive’s health benefits for one (1) year by paying the cost of Executive’s COBRA coverage premiums during such one (1) year period.
 
  

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 If the Company chooses not to renew or extend this Agreement at the end of the initial term on December
31, 2007 or at the end of any extension or renewal term thereafter, Executive shall be entitled to a termination payment equal to twelve (12) months’ base salary then in effect, plus the prior year’s base cash bonus earned, if any, payable
in twelve (12) equal installments beginning on the first day of the month following termination of employment and the Company shall continue Executive’s health benefits for one (1) year by paying the cost of Executive’s COBRA coverage
premiums during such one (1) year period. 
  
 Notwithstanding the
foregoing provisions of this Section 10, the Company shall not be obligated to make any payments to Executive under this Section 10 unless Executive shall have signed a release of claims in favor of the Company and its affiliates in a form
reasonably prescribed by the Company, all applicable consideration and recession periods provided by law shall have expired, and Executive is not in material breach of any terms or conditions of this Agreement. The Company will execute a release of
claims in favor of Executive as additional consideration for Executive’s release of claims in favor of the Company. 
  
 11. Effect of Change in Control. If it shall be determined that any payment or distribution by the Company to or for the benefit of Executive
hereunder (a “Payment”) would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”) or any interest or penalties are incurred by Executive with respect to
such excise tax (such excise tax, together with any such interest and penalties, are hereafter collectively referred to as the “Excise Tax”), then Executive shall be entitled to receive an additional payment (a
“Gross-Up Payment”) in an amount such that after payment by Executive of all taxes (including any interest or penalties imposed with respect to such taxes), including, without limitation, any income taxes (and any interest
and penalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment, Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments. Executive shall notify the Company in writing of any
claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable after Executive is informed in writing of such claim.

  
 12. Tax Withholding. The Company shall deduct from any
payments made to the Executive hereunder any withholding or other taxes which the Company is required to deduct, if any, under applicable law. 
  
 13. Confidentiality. Except as permitted by the Company or in the ordinary course of the performance of the Executive’s duties hereunder,
Executive shall not at any time divulge, furnish or make accessible to anyone or use in any way other than in the ordinary course of the business of the Company, any confidential, proprietary or secret knowledge or information of the Company that
Executive has acquired or shall acquire about the Company, whether developed by himself or by others, concerning (i) any trade secrets, (ii) any confidential, proprietary or secret designs, programs, processes, formulae, recipes, plans, devices or
material (whether or not patented or patentable) directly or indirectly useful in any aspect of the business of the Company, (iii) any supplier lists, (iv) any confidential, proprietary or secret development or research work, (v) any strategic or
other business, marketing or sales plans, (vi) any financial data or plans, or (vii) any other confidential or proprietary information or secret aspects of the business of the Company. Executive acknowledges that the above-described knowledge and
information 
  

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 constitutes a unique and valuable asset of the Company and represents a substantial investment of time and expense by the
Company, and that any disclosure or other use of such knowledge or information other than for the sole benefit of the Company would be wrongful and may cause irreparable harm to the Company. Executive shall take reasonable steps to protect the
confidentiality of such knowledge and information. The foregoing obligations of confidentiality shall not apply to any knowledge or information that (i) is now or subsequently becomes generally publicly known, other than as a result of the breach of
this Agreement, or (ii) is required to be disclosed by law or legal process. Executive understands and agrees that his obligations under this Agreement to maintain the confidentiality of the Company’s confidential information are in addition to
any obligations of Executive under applicable statutory or common law. The obligations of Executive under this Section 13 shall survive the termination of this Agreement and termination of Executive’s employment with the Company. 
  
 14. Covenant Not to Compete. The parties agree that the Company would
be substantially harmed if Executive competes with the Company during employment with the Company or after termination of employment with the Company. Therefore, in exchange for the benefits provided to Executive hereunder, Executive agrees that
during his employment with the Company (except for services permitted under Section 2 and performed prior to the Effective Date) and for a period of two (2) years after termination of such employment for any reason, Executive will not directly or
indirectly, without the written consent of the Company; 
  
 (a) Own, operate or render services to any entity engaged, directly or indirectly, in owning or operating Italian restaurants within fifty (50) miles of any restaurant owned or managed by the Company; or 

 
 (b) Hire, offer to hire, entice away, or in any other
way, persuade or attempt to persuade any entity or any employee, officer, agent, independent contractor, supplier or subcontractor of the Company to discontinue their relationship with the Company. 
  
 If the duration of, the scope of or any business activity covered by any
provision of this Section 14 is in excess of what is determined to be valid and enforceable under applicable law, such provision shall be construed to cover only that duration, scope or activity that is determined to be valid and enforceable.
Executive hereby acknowledges that this Section 14 shall be given the construction which renders its provisions valid and enforceable to the maximum extent, not exceeding its express terms, possible under applicable law. 
  
 15. Disparagement. The Company and Executive agree that during and
after the term of this Agreement, they will not knowingly vilify, disparage, slander or defame the other party or, in the case of the Company, its officers, directors, employees, business or business practices. 
  
 16. Arbitration. 
  
 16.1. Executive and The Company agree and stipulate that the services
rendered in this transaction involve interstate commerce as defined in the Federal Arbitration Act, 9 U.S.C.’ 1 et seq., and that this Arbitration Agreement is covered and governed pursuant to the Federal Arbitration Act. 
  

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 16.2. Executive and The Company agree that, should a controversy arise, any and all claims shall be
resolved in arbitration under the then-current National Rules for the Resolution of Employment Disputes (“Rules”) of the American Arbitration Association (“AAA”) before an arbitrator who is licensed to practice law
in the state in which the arbitration is convened (“the Arbitrator”). The arbitration shall take place in Minneapolis, Minnesota. 
  
 16.3. The Arbitrator shall be selected as follows: AAA shall give each party a list of arbitrators drawn from its panel of employment arbitrators pursuant
to Rule 9 of the Rules. Each party may strike two names on the list it deems unacceptable in accordance with the Rules. If only one common name remains on the lists of all parties, that individual shall be designated as the Arbitrator. In the event
no Arbitrator is agreed to then AAA shall select the Arbitrator in accordance with the Rules. 
  
 16.4. The Arbitrator shall apply the substantive law (and the law of remedies, if applicable) of the state in which the claim arose, or federal law, or both, as applicable to the claim(s) asserted. The Federal Rules
of Evidence shall apply. The Arbitrator, and not any federal, state, or local court or agency, shall have exclusive authority to resolve any dispute relating to the interpretation, applicability, enforceability or formation of this Agreement,
including but not limited to any claim that all or any part of this Agreement is void or voidable. The arbitration shall be final and binding upon the parties. 
  

16.5. The Arbitrator shall have jurisdiction to hear and rule on pre-hearing disputes and is authorized to hold pre-hearing conferences by telephone or
in person as the Arbitrator deems necessary. The Arbitrator shall have the authority to entertain a motion to dismiss and/or a motion for summary judgment by any party and shall apply the standards governing such motions under the Federal Rules of
Civil Procedure. 
  
 16.6. Either party, at its expense, may
arrange for and pay the cost of a court reporter to provide a stenographic record of proceedings. 
  
 16.7. Either party, upon request at the closing of hearing, shall be given leave to file a post-hearing brief. The time for filing such a brief shall be
set by the Arbitrator. 
  
 16.8. Either party may bring an action
in any court of competent jurisdiction to compel arbitration under this Agreement and to enforce an arbitration award. Except as otherwise provided in this Agreement, both parties agree that neither party will initiate or prosecute any lawsuit or
administrative action in any way related to any claim covered by this Agreement. 
  
 16.9. The Arbitrator shall render an award and opinion in the form typically rendered in employment arbitrations. 
  
 16.10. The results of the arbitration, unless otherwise agreed by the parties or ordered by the Arbitrator on motion, are not confidential and may be
reported by any news agency or legal publisher or service. 
  

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 16.11. The parties shall equally share the fees and costs of the Arbitrator. Each party will deposit
funds or post other appropriate security for its share of the Arbitrator’s fee, in an amount and manner determined by the Arbitrator, ten (10) days before the first day of the hearing. Each party shall pay for its own costs and attorneys’
fees, if any. 
  
 16.12. At the conclusion of the arbitration
hearing, the parties hereby select and appoint the Arbitrator as their Mediator to fully and finally dispose of all issues existing between them. Immediately upon conclusion of the arbitration hearing, the Arbitrator shall retire to make his/her
Award, and shall maintain the original of the Award in an envelope with copies in two additional envelopes for the Executive and the Company. Upon sealing the original and copies in three respective envelopes, the Arbitrator/Mediator shall then
immediately convene a mediation process to attempt to resolve any and all issues between the parties. 
  
 16.13. Notwithstanding the parties’ agreement to arbitrate all claims between them, in the event that the Company believes it will suffer material
and irreparable damage if the Executive violates any provision contained in Sections 13 or 14 of this Agreement, the parties hereby agree in the event of such breach or an apparent danger of such breach by Executive, the Company shall be entitled,
in addition to such other remedies available to it, to seek an immediate injunction to restrain the violation of any or all such provisions by Executive. 
  
 17. Notices. All notices required or permitted to be given under this Agreement shall be given by certified mail, return receipt requested, to the
parties at the following addresses or to such other addresses as either may designate in writing to the other party: 
  

			
	If to Company:	  	 BUCA, INC.

	 	  	 1300 Nicollet Avenue

	 	  	 Suite 5003

	 	  	 Minneapolis, MN 55403

		
	If to Executive:	  	 Wallace B. Doolin

	 	  	 3831 Turtle Creek Boulevard, Apt 5A

	 	  	 Dallas, Texas 75219

		
	With a copy to:	  	 David Watkins, Esq.

	 	  	 Jenkins & Watkins, a Professional Corporation

	 	  	 8150 N. Central Expressway, Suite M-1140

	 	  	 Dallas, Texas 75206

  
 18. Governing Law;
Jurisdiction and Venue. This Agreement shall be construed and enforced in accordance with the internal laws of the State of Minnesota. Executive and the Company consent to jurisdiction of the courts of the State of Minnesota and/or the federal
district courts in Minnesota, for the purpose of resolving all issues of law, equity, or fact, arising out of or in connection with this Agreement. Any action involving claims of a breach of this Agreement, not subject to the arbitration provisions
in this Agreement, shall be brought in such courts. Each party consents to personal jurisdiction over such party in the state and/or federal courts of Minnesota and hereby waives any defense of lack of personal jurisdiction. 
  

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 19. Entire Contract. This Agreement constitutes the entire understanding and agreement between the
Company and Executive with regard to the matters stated herein. There are no other agreements, conditions or representations, oral or written, express or implied, with regard to the employment of Executive by the Company. This Agreement may be
amended only in writing, signed by both parties hereto. 
  
 20.
Binding Effect. This Agreement shall inure to the benefit of and be binding upon the Company, its successors and assigns, and shall inure to the benefit of and be binding upon Executive, his heirs, distributees and personal representatives.
In the event of Executive’s death, any amounts payable hereunder shall be paid in accordance with the terms of this Agreement to Executive’s designee, or if there is no such designee, to Executive’s estate. The rights and obligations
of the Company under this Agreement may be assigned to a successor. The rights and obligations of Executive under this Agreement may not be assigned by Executive to any other person or entity. 
  
 21. Multiple counterparts. This Agreement may be executed in
counterparts, each of which shall be deemed an original and all of which shall constitute one instrument. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement the date and year first above written. 
  

			
	 BUCA, INC.

		
	 By:
	 	 /s/ Peter J. Mihajlov

	 Name:
	 	 Peter J. Mihajlov

	 Its:
	 	 Executive Chairman and Interim CEO

	
	 EXECUTIVE

	
	 /s/ Wallace B. Doolin

	 Wallace B. Doolin

  

 111996 Stock Incentive Plan

 Exhibit 10.2 
  
 1996 STOCK INCENTIVE PLAN OF BUCA, INC. AND 
 AFFILIATED COMPANIES 
  
 Non-Qualified Stock Option Agreement 
  

			
	 Full Name of Optionee:                
	  	Wallace B. Doolin

  

							
	 No. of Shares Covered:
	 	 750,000
	 	 Date of Grant:
	 	 October 14, 2004

				
	 Exercise Price Per Share:
	 	 [See below]
	 	 Expiration Date:
	 	 October 14, 2014

				
	 Exercise Schedule:
	 	 	 	 	 	 

  

						
	 Date

	  	No. of Shares As to Which
Option Becomes
Exercisable

	  	Exercise Price
Per Share

	 December 26, 2004
	  	150,000	  	$	3.99
	 December 26, 2004
	  	150,000	  	$	4.39
	 December 26, 2004
	  	150,000	  	$	4.83
	 December 26, 2004
	  	150,000	  	$	5.31
	 December 26, 2004
	  	150,000	  	$	5.84

  
 This is a Non-Qualified Stock Option
Agreement (“Agreement”) between BUCA, Inc., a Minnesota corporation (the “Company”), and the optionee identified above (the “Optionee”) effective as of the date of grant specified above. 
  
 Recitals 
  
 WHEREAS, the Company maintains the 1996 Stock Incentive Plan of BUCA, Inc.
and Affiliates (“Plan”); and 
  
 WHEREAS, the Company
has appointed a committee (the “Committee”) with the authority to determine the awards to be granted under the Plan; and 
  
 WHEREAS, the Committee has determined that the Optionee is eligible to receive an award under the Plan in the form of an non-qualified stock option (the
“Option”) and has set the terms and conditions thereof. 

 NOW, THEREFORE, the Company hereby grants this Option to the Optionee under the terms and conditions set
by the Committee as follows. 
  
 Terms and Conditions*

  

	1.	Grant. The Optionee is granted this Option to purchase the number of Shares specified at the beginning of this Agreement. 

  

	2.	Exercise Price. The price to the Optionee of each Share subject to this Option is the exercise price specified at the beginning of this Agreement.

  

	3.	Incentive Stock Option. This Option is not intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986,
as amended (the “Code”). 

  

	4.	Exercise Schedule. Subject to the provisions of the Plan and this Agreement, if this Option has not expired prior thereto, it may be exercised as to the number of
Shares and on the dates specified in the exercise schedule at the beginning of this Agreement. The exercise schedule is cumulative — that is, if this Option has not expired prior thereto, the Optionee may at any time purchase all or any portion
of the Shares then available under the exercise schedule to the extent not previously purchased. 

  
 This Option may be exercised in full (notwithstanding the exercise schedule) under the circumstances described in Section 8 of this Agreement if it has
not expired prior thereto. 
  

	5.	Expiration. This Option expires at 4:30 p.m. Central Time on the earliest of: 

  

	 	(a)	The expiration date specified at the beginning of this Agreement; 

  

	 	(b)	The last day of the period following the termination of employment of the Optionee during which this Option can be exercised (as specified in Section 7 of this Agreement), except
that if such termination is due to a breach by the Optionee of any provision of any confidentiality and/or non-competition agreement between the Company and the Optionee (or any other employment-related agreement entered into between the Company and
the Optionee), then this Option shall expire on the date of such breach by the Optionee; or 

  

	 	(c)	The date (if any) fixed for cancellation pursuant to Section 8 of this Agreement; or 

	*	Unless the context indicates otherwise, capitalized terms that are not defined in this Agreement have the meanings set forth in the Plan as it currently exists or as it is amended
in the future. 

  

 2 

	 	(d)	On the Effective Date, as defined in the Employment Agreement dated the date hereof between the Optionee and the Company, if, as of the Effective Date the Optionee has not commenced
full-time employment with the Company as required under Section 2 of the Employment Agreement. 

  
 In no event may anyone exercise this Option, in whole or in part, after it has expired, notwithstanding any other provision of this Agreement. For
purposes of this Agreement, references herein to “employment” and similar terms shall include the providing of services in the capacity of advisor, director or consultant. 
  

	6.	Procedure to Exercise Option. 

  
 Notice of Exercise. This Option may be exercised by delivering written notice of exercise to the Company. The notice shall state the number of
Shares to be purchased, and shall be signed by the person exercising this Option. If the person exercising this Option is not the Optionee, he or she also must submit appropriate proof of his or her right to exercise this Option. 
  
 Tender of Payment. Any notice of exercise hereunder shall be
accompanied by payment of the purchase price of the Shares being purchased through one or a combination of the following methods: 
  
 (a) Check, bank draft or money order payable to the Company; 
  

	 	(b)	Certificates for unencumbered Shares having an aggregate Fair Market Value (as defined below) on the date of exercise equal to the full purchase price of the Shares being purchased
(the Optionee shall duly endorse all such certificates in blank and shall represent and warrant in writing that he or she is the owner of the Shares so delivered free and clear of all liens, security interests and other restrictions or
encumbrances); or 

  

	 	(c)	To the extent permitted by law and the Committee, a broker-assisted cashless exercise in which the Optionee irrevocably instructs a broker to delivery proceeds of a sale of all or a
portion of the Shares to be issued pursuant to the exercise (or a loan secured by such Shares) to the Company in payment of the purchase price of such Shares. 

  
 Notwithstanding the foregoing, the Optionee shall not be permitted to pay any portion of the purchase price with Shares if,
in the opinion of the Committee, payment in such manner could have adverse consequences for the Company. 
  
 Delivery of Certificates. As soon as practicable after the Company receives the notice and purchase price provided for above, it shall deliver to
the person exercising the Option, in the name of such person, a certificate or certificates representing the Shares being purchased. The Company shall pay any original issue or transfer taxes with respect to the issue or transfer of the Shares and
all fees and expenses incurred by it in connection therewith. All Shares so issued shall be fully paid and nonassessable. 
  

 3 

 Fair Market Value. For purposes of this Agreement, “Fair Market Value” as of any date
means, unless otherwise expressly provided in the Plan: 
  
 (i) the closing price of a Share on that date or, if no sale of Shares shall have occurred on that date, on the next preceding day on which a sale of Shares occurred, 
  
 (A) on the composite tape for New York Stock Exchange listed
shares, or 
  
 (B) if the Shares are not quoted
on the composite tape for New York Stock Exchange listed shares, on the principal United States Securities Exchange registered under the Exchange Act on which the Shares are listed, or 
  
 (C) if the Shares are not listed on any such exchange, on the Nasdaq National Market System, or 

 
 (ii) if clause (i) is inapplicable, the mean between the
closing “bid” and the closing “asked” quotation of a Share on that date, or, if no closing bid or asked quotation is made on that date, on the next preceding day on which a quotation is made, on the NASDAQ System or any system
then in use, or 
  
 (iii) if clauses (i) and (ii)
are inapplicable, what the Committee determines in good faith to be 100% of the fair market value of a Share on that date. 
  

	7.	Employment Requirement. This Option may be exercised only while the Optionee remains employed with the Company or an Affiliate, and only if the Optionee has been
continuously so employed since the date of this Agreement; provided that: 

  

	 	(a)	Except as provided in Section 5, this Option may be exercised until the 90th day following the day the Optionee’s employment by the Company ceases, for whatever reason, but
only to the extent that it was exercisable immediately prior to termination of employment (i.e., the Optionee shall not progress on the exercise schedule). 

  

	 	(b)	If the Optionee’s employment terminates after a declaration in connection with a Fundamental Change (as hereinafter defined) made pursuant to Section 8 of this Agreement, the
Optionee may exercise the Option at any time permitted by such declaration. 

  
 Notwithstanding the above, this Option may not be exercised after it has expired. 
  

 4 

	8.	Acceleration of Option. 

  
 Fundamental Change. In the event of a proposed Fundamental Change (as defined below), the Committee may, but shall not be obligated to: 

 

	 	(a)	if the Fundamental Change is a merger or consolidation or statutory share exchange, make appropriate provision for the protection of this Option by the substitution of options and
appropriate voting common stock of the corporation surviving any merger or consolidation or, if appropriate, the parent corporation of the Company or such surviving corporation to be issuable upon the exercise of this Option, in lieu of options and
capital stock of the Company; or 

  

	 	(b)	at least 30 days prior to the occurrence of the Fundamental Change (including a merger or consolidation or statutory share exchange), declare, and provide written notice to Optionee
of the declaration, that this Option, whether or not then exercisable, shall be canceled at the time of, or immediately prior to the occurrence of the Fundamental Change in exchange for payment to Optionee, within ten days after the Fundamental
Change, of cash equal to, for each Share covered by the canceled Option, the amount, if any, by which the Fair Value (as hereinafter defined in this Section) per Share exceeds the exercise price per Share covered by this Option. At the time of the
declaration provided for in the immediately preceding sentence, this Option shall immediately become exercisable in full and Optionee shall have the right, during the period preceding the time of cancellation of the Option, to exercise this Option
as to all or any part of the Shares covered by this Option in whole or in part, as the case may be; provided, however, that if such proposed Fundamental Change does not become effective, then the declaration pursuant to this subsection 8(b) shall be
rescinded, the acceleration of the exercisability of the Option pursuant to this subsection 8(b) shall be void, and the Option shall be exercisable in accordance with its original terms. In the event of a declaration pursuant to this subsection
8(b), to the extent this Option has not been exercised prior to the Fundamental Change, the unexercised part of this Option shall be canceled at the time of, or immediately prior to, the Fundamental Change, as provided in the declaration.
Notwithstanding the foregoing, Optionee shall not be entitled to the payment provided for in this subsection 8(b) if this Option shall have expired pursuant to Section 5 above. For purposes of this subsection 8(b) only, “Fair Value” per
Share means the cash plus the fair market value, as determined in good faith by the Committee, of the non-cash consideration to be received per Share by the shareholders of the Company upon the occurrence of the Fundamental Change, notwithstanding
anything to the contrary provided in the Plan, or in this Agreement. 

  
 For purposes of this Agreement, “Fundamental Change” shall mean a dissolution or liquidation of the Company, a sale of substantially all of the assets of the Company, a 
  

 5 

 merger or consolidation of the Company with or into any other corporation, regardless of whether the
Company is the surviving corporation, or a statutory share exchange involving capital stock of the Company. 
  

	9.	Limitation on Transfer. While the Optionee is alive, only the Optionee or his guardian or legal representative may exercise this Option. This Option may not be
assigned or transferred other than by will or the laws of descent and distribution, and shall not be subject to pledge, hypothecation, execution, attachment or similar process. Any attempt to assign, transfer, pledge, hypothecate or otherwise
dispose of this Option contrary to the provisions hereof, and the levy of any attachment or similar process upon this Option, shall be null and void. 

  

	10.	No Shareholder Rights Before Exercise. No person has any of the rights of a shareholder of the Company with respect to any Share subject to this Option until the Share
actually is issued to him or her upon exercise of this Option. 

  

	11.	Adjustment. The Committee may, in its discretion, make appropriate adjustments in the number of Shares subject to this Option and in the purchase price per Share to
give effect to any adjustments made in the number of outstanding Shares through a recapitalization, reclassification, stock dividend, stock split, stock combination or other relevant change; provided that, fractional Shares shall be rounded
to the nearest whole Share. 

  

	12.	Tax Withholding. Delivery of Shares upon any exercise of this Option shall be subject to any required withholding taxes. A person exercising the Option may, as a
condition precedent to receiving the Shares, be required to pay the Company a cash amount equal to the amount of any required withholdings. In lieu of all or any part of such a cash payment, the Committee may, but shall not be required to, permit
the individual to elect to cover all or any part of the required withholdings, and to cover any additional withholdings up to the amount needed to cover the individual’s full FICA and federal, state and local income tax with respect to income
arising from the exercise of the Option, through a reduction of the number of Shares delivered to the person exercising the Option or through a subsequent return to the Company of Shares delivered to the person exercising the Option.

  

	13.	Forfeitures. In the event the Optionee has received or been entitled to delivery of Shares pursuant to this Option within six months prior to the Optionee’s
termination of employment with the Company and its Affiliates, the Committee, acting in good faith, may require the Optionee to return or forfeit (the “Forfeiture Right”) the Shares (the “Forfeiture Shares”) received with respect
to the Option (or their economic value as of the date of the exercise of this Option) in the event of any of the following occurrences: competition with the Company or any Affiliate, unauthorized disclosure of material proprietary information of the
Company or any Affiliate, or a violation of applicable business ethics policies or business policies of the Company or any Affiliate. The Committee’s right to require forfeiture must be exercised within 90 days after discovery of such an
occurrence but in no event later than 15 months after the Employee’s termination of employment with the Company and its Affiliates. 

  

 6 

 In addition, the Committee may terminate this Option prior to exercise by Optionee if it determines that
the Optionee has engaged or intends to engage in the activities described above. 
  
 The decision to exercise the Company’s Forfeiture Right will be based solely on the judgment of the Committee, acting in good faith, given the facts and circumstances of each particular case. The Forfeiture Right
also will cover any shares received from adjustments which pertained to the Forfeiture Shares and which were made as a result of any of the types of transactions referred to in Section 11, and such shares will also constitute Forfeiture Shares.

  
 Such Forfeiture Right will be deemed to be exercised upon the
Company’s mailing written notice of such exercise, postage prepaid, addressed to the Optionee at the Optionee’s most recent home address as shown on the personnel records of the Company. 
  
 The Optionee agrees on the Optionee’s behalf and on behalf of the
Optionee’s estate, legal representative or permitted assigns, as the case may be, to deliver to the Company, on the date specified in such notice, which will not be less than 10 nor more than 30 days after such notice, a certificate or
certificates for the number of Shares for which the Forfeiture Right has been exercised, duly endorsed for transfer to the Company (or their economic value as of the date of exercise of this Option). 
  

	14.	Interpretation of This Agreement. All decisions and interpretations made by the Committee with regard to any question arising hereunder or under the Plan shall be
binding and conclusive upon the Company and the Optionee. If there is any inconsistency between the provisions of this Agreement and the Plan, the provisions of the Plan shall govern. 

  

	15.	Discontinuance of Employment. This Agreement shall not give the Optionee a right to continued employment with the Company or any Affiliate, and the Company or
Affiliate employing the Optionee may terminate his or her employment and otherwise deal with the Optionee without regard to the effect it may have upon him or her under this Agreement. 

  

	16.	Option Subject to Plan, Articles of Incorporation and By-Laws. Optionee acknowledges that the exercise of the Option is subject to the Plan, the Articles of
Incorporation, as amended from time to time, and the By-Laws, as amended from time to time, of the Company, and any applicable federal or state laws, rules or regulations. The Optionee hereby acknowledges having received a copy of the Plan.

  

 7 

	17.	Obligation to Reserve Sufficient Shares. The Company shall at all times during the term of this Option reserve and keep available a sufficient number of Shares to
satisfy this Agreement. 

  

	18.	Binding Effect. This Agreement shall be binding in all respects on the heirs, representatives, successors and assigns of the Optionee. 

  

	19.	Choice of Law. This Agreement is entered into under the laws of the State of Minnesota and shall be construed and interpreted thereunder (without regard to its
conflict of law principles). 

  
 IN WITNESS WHEREOF,
the Optionee and the Company have executed this Agreement as of the 14th day of October, 2004. 
  

			
	 OPTIONEE

	
	 /s/ Wallace B. Doolin

	 Wallace B. Doolin

	
	 BUCA, INC.

		
	 By:
	 	 /s/ Peter J. Mihajlov

	 Its:
	 	 Executive Chairman and Interim CEO

  

 8

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