Document:

Form of Indemnification Agreement

 Exhibit 10.39 
 FORM OF INDEMNIFICATION AGREEMENT 
 This INDEMNIFICATION AGREEMENT (this
“Agreement”), dated as of [                    ], is by and between Bloomin’ Brands, Inc., a Delaware corporation (together
with any successor by merger or otherwise, the “Company”), and [                    ] (“Indemnitee”). 

WHEREAS, the Company and Indemnitee recognize the substantial cost of carrying directors and officers liability insurance
(“D&O Insurance”) and that officers and directors, including Indemnitee, may be exposed to certain risks not covered by D&O Insurance; 
 WHEREAS, these factors with respect to the coverage, availability and cost to the Company of D&O Insurance and issues concerning the scope of indemnity under the Company’s Certificate of
Incorporation (as it may be amended from time to time, the “Certificate of Incorporation”) and the Company’s Bylaws (as they may be amended from time to time, the “Bylaws”) and the General Corporation Law of
the State of Delaware (the “DGCL”) generally have raised questions concerning the adequacy and reliability of the protection presently afforded to directors and officers; 

WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve as officers
and directors of the Company and to indemnify its officers and directors so as to provide them with the maximum protection permitted by law; 
 WHEREAS, in order to address such issues and induce Indemnitee to continue to serve as an officer or director of the Company, the Company has determined to enter into this Agreement with Indemnitee;

 WHEREAS, Indemnitee may have certain rights to indemnification, advancement of expenses and/or insurance provided by one or
more of the Indemnitee-Related Entities (as hereinafter defined) (or their affiliates), which Indemnitee, the Company and the Indemnity-Related Entities (or their affiliates) intend to be secondary to the primary obligation of the Company to
indemnify Indemnitee as provided herein, with the Company’s acknowledgement of and agreement to the foregoing being a material condition to Indemnitee’s willingness to serve as a director and/or officer of the Company; and 

WHEREAS, the indemnification rights provided to Indemnitee pursuant to this Agreement are in addition to any rights for indemnification
provided to Indemnitee pursuant to the Certificate of Incorporation, the Bylaws and any resolutions adopted pursuant thereto and to any indemnification rights to which Indemnitee may be entitled under the DGCL. 

 NOW, THEREFORE, the Company and Indemnitee, intending to be legally bound, hereby agree as
follows: 
 1. Indemnification. 
 (a) Third-Party Proceedings. To the fullest extent permitted by applicable law, the Company shall indemnify Indemnitee and hold Indemnitee harmless if Indemnitee is or was a party or is threatened
to be made a party or is otherwise involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Company or any subsidiary of the
Company to procure a judgment in its favor) by reason of the fact that Indemnitee is or was a director, officer, manager, trustee, fiduciary, employee or agent of the Company or any affiliate of the Company, or by reason of any action or inaction on
the part of Indemnitee while an officer or director, or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, manager, trustee, fiduciary, employee or agent of another corporation, partnership,
limited liability company, joint venture, trust or other enterprise, from and against all costs and expenses (including attorneys’ fees), liabilities, losses, judgments, fines, excise taxes, penalties, amounts paid in settlement, and other
amounts (including all interest, assessments and other charges paid or payable in connection with or in respect of such liabilities, losses, judgments, fines, excise taxes, penalties and amounts paid in settlement) actually and reasonably incurred
or suffered by Indemnitee or on his or her behalf in connection with such action, suit or proceeding. 
 (b) Proceedings By
or in the Right of the Company. To the fullest extent permitted by applicable law, the Company shall indemnify Indemnitee and hold Indemnitee harmless if Indemnitee is or was a party or is threatened to be made a party to or is otherwise
involved in any threatened, pending or completed action or suit by or in the right of the Company or any subsidiary of the Company to procure a judgment in its favor by reason of the fact that Indemnitee is or was a director, officer, manager,
trustee, fiduciary, employee or agent of the Company, or any affiliate of the Company, by reason of any action or inaction on the part of Indemnitee while an officer or director, or by reason of the fact that Indemnitee is or was serving at the
request of the Company as a director, officer, manager, trustee, fiduciary, employee or agent of another corporation, partnership, limited liability company, joint venture, trust or other enterprise, from and against all costs and expenses
(including attorneys’ fees) actually and reasonably incurred or suffered by Indemnitee or on his or her behalf in connection with the defense or settlement of such action or suit; provided, however, that no indemnification shall be made
in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Company unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such action or suit was
brought shall make a final determination upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such expenses which the court shall
deem proper. 
 (c) Mandatory Indemnification. To the extent that Indemnitee has been successful on the merits or
otherwise in defense of any action, suit or proceeding referred to in Sections 1(a) and 1(b) or in defense of any claim, issue or matter therein, the Company shall indemnify Indemnitee and hold Indemnitee harmless from and against all costs and
expenses (including attorneys’ fees), liabilities and losses actually and reasonably incurred or suffered by Indemnitee in connection therewith. For purposes of this Section 1(c), the term “successful on the merits or otherwise”
shall include, but not be limited to, (i) any termination, withdrawal, or dismissal (with or without prejudice) of any claim, action, suit or proceeding against Indemnitee without any express finding of liability or guilt against him or her, or
(ii) the expiration of a reasonable period of time after the making of any claim or threat of an action, suit or proceeding without the institution of the same and without any promise or payment made to induce a settlement. 

  
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 (d) Indemnification for Expenses of a Witness. Notwithstanding any other provision of
this Agreement, to the extent that Indemnitee is, by reason of the fact that Indemnitee is or was a director, officer, manager, trustee, fiduciary, employee or agent of the Company, or any affiliate of the Company, or by reason of any action or
inaction on the part of Indemnitee while an officer or director, or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, manager, trustee, fiduciary, employee or agent of another corporation,
partnership, limited liability company, joint venture, trust or other enterprise, a witness, or is made (or asked) to respond to discovery requests, in any action, suit or proceeding, whether civil, criminal, administrative or investigative, he or
she shall be indemnified and held harmless against and the Company shall advance on an as-incurred basis (as provided in Section 2(a)) all costs and expenses (including attorneys’ fees) actually and reasonably incurred by Indemnitee or on
his or her behalf in connection therewith. 
 (e) The Company shall, to the fullest extent permitted by law, indemnify
Indemnitee with respect to, and hold Indemnitee harmless from and against, any and all costs and expenses and, if requested by Indemnitee, shall advance on an as-incurred basis (as provided in Section 2(a)) such costs and expenses to
Indemnitee, which are incurred by Indemnitee in connection with any action or proceeding or part thereof brought by Indemnitee for (i) indemnification or advance payment of costs and expenses by the Company under this Agreement, any other
agreement, the Certificate of Incorporation or the Bylaws of the Company as now or hereafter in effect; or (ii) recovery under any director and officer liability insurance policies maintained by the Company. 

2. Expenses and Indemnification Procedure. 
 (a) Advancement of Expenses. To the fullest extent permitted by applicable law, the Company shall advance on a current and as-incurred basis all costs and expenses (including attorneys’ fees)
incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any action, suit or proceeding referenced in Section 1(a) or Section l(b) hereof. Such costs and expenses shall be paid in advance of the final
disposition of the action, suit or proceeding without regard to Indemnitee’s ability to repay the advances and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement and shall
continue until such time (if any) as there is a final non-appealable judicial determination that Indemnitee is not entitled to indemnification. Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall
ultimately be determined in a decision by a court of competent jurisdiction from which no appeal can be taken that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. Such repayment obligation shall be unsecured and
shall not bear interest. The Company shall not impose on Indemnitee additional conditions to advancement or require from Indemnitee additional undertakings regarding repayment. 

(b) Notice of Claims/Cooperation by Indemnitee. Indemnitee shall give the Company notice in writing as soon as reasonably
practicable of any claim made against Indemnitee for which indemnification will or could be sought under this Agreement; provided that a delay in giving such notice shall not deprive Indemnitee of any right to be indemnified under this
Agreement unless, and then only to the extent that, such delay is actually and materially prejudicial to the Company which cannot be reversed or otherwise eliminated without any 

  
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material negative effect on the Company. The omission to notify the Company will not relieve the Company from any liability for indemnification which it may otherwise have to Indemnitee. Notice
to the Company shall be directed to Bloomin’ Brands, Inc., 2202 North West Shore Boulevard, Suite 500, Tampa, Florida 33607, Attention: [Chief Legal Officer] (or such other address as the Company may from time to time designate in writing to
Indemnitee). In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be within Indemnitee’s power. 
 (c) Procedure. 
 (i) To obtain advancement of costs and
expenses under this Agreement, Indemnitee shall submit to the Company a written request therefor, together with such invoices or other supporting information as may be reasonably requested by the Company and reasonably available to Indemnitee, and,
only to the extent required by applicable law which cannot be waived, an unsecured written undertaking to repay amounts advanced if it is ultimately determined that Indemnitee is not entitled to be indemnified against such costs and expenses. The
Company shall make advance payment of such costs and expenses to Indemnitee no later than five (5) business days after receipt of the written request for advancement (and each subsequent request for advancement) by Indemnitee. 

(ii) To obtain indemnification under this Agreement, Indemnitee may submit a written request for indemnification
hereunder. The time at which Indemnitee submits a written request for indemnification shall be determined by the Indemnitee in the Indemnitee’s sole discretion (as opposed to a notice of claim as provided in Section 3(b)). Any
indemnification provided for in this Agreement shall be made no later than twenty (20) days after receipt of the written request of Indemnitee, coupled with such documentation and information as is reasonably available to Indemnitee and is
reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. 
 (iii)
If a claim under this Agreement, under any statute, or under any provision of the Certificate of Incorporation or the Bylaws providing for indemnification is not paid in full by the Company within twenty (20) days after receipt of a fully
documented written request for payment thereof has first been received by the Company (or within five (5) days in the case of any advancement of costs and expenses pursuant to Section 2(a) and Section 2(c)(i)), Indemnitee may, but
need not, at any time thereafter bring an action against the Company to recover the unpaid amount of the claim and, subject to Section 13 hereof, Indemnitee shall also be entitled to be paid for the costs and expenses (including attorneys’
fees) of bringing such action. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in connection with any action, suit or proceeding in advance of its final disposition) that Indemnitee has
not met the standards of conduct which make it permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed, but the burden of proving such defense shall be on the Company, and Indemnitee shall be entitled to
receive interim payments of expenses pursuant to Section 2(a) and Section 2(c)(i) hereof unless and until such defense may be finally adjudicated by court order or judgment from which no further right of appeal exists. It is the
parties’ intention that if the Company contests Indemnitee’s right to indemnification, the question of Indemnitee’s right to indemnification shall be for the court to decide. 

  
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 (iv) The parties intend and agree that, to the extent permitted by law, in
connection with any determination with respect to Indemnitee’s entitlement to indemnification hereunder by any person, including a court: 
 A. it shall be presumed that Indemnitee is entitled to indemnification under this Agreement, and the Company or any other person or entity challenging such right will have the burden of proof to overcome
that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption, and neither the failure of the Company (including the Board of Directors of the Company (the “Board of
Directors”), any committee or subgroup of the Board of Directors, independent legal counsel, or its stockholders) to have made a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the
applicable standard of conduct required by applicable law, nor an actual determination by the Company (including the Board of Directors, any committee or subgroup of the Board of Directors, independent legal counsel, or its stockholders) that
Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct; 
 B. the termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption
that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had reasonable cause to believe that
Indemnitee’s conduct was unlawful; 
 C. [Applicable to directors only] Indemnitee will be deemed to
have acted in good faith if Indemnitee’s action is based on the records or books of account of the Company, including financial statements, or on information supplied to Indemnitee by the officers, employees, or committees of the Board of
Directors, or on the advice of legal counsel or other advisors (including financial advisors and accountants) for the Company or on information or records given in reports made to the Company by an independent certified public accountant or by an
appraiser or other expert or advisor selected by the Company; and 
 D. the knowledge and/or actions, or failure
to act, of any director, officer, agent or employee of the Company or relevant enterprises will not be imputed to Indemnitee in a manner that limits or otherwise adversely affects Indemnitee’s rights hereunder. 

(d) Notice to Insurers. If, at the time of the receipt of a notice of claim pursuant to Section 2(b) hereof, the Company has
directors’ and officers’ liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in 

  
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accordance with the procedures set forth in the applicable policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee,
all amounts payable as a result of such proceeding in accordance with the terms of such policies. 
 (e) Defense;
Settlement. Indemnitee shall have the sole right and obligation to control the defense or conduct of any claim or action, suit or proceeding with respect to Indemnitee. The Company shall not, without the prior written consent of Indemnitee,
which may be provided or withheld in Indemnitee’s sole discretion, effect any settlement of any action, suit or proceeding against Indemnitee or which could have been brought against Indemnitee or which potentially or actually imposes any cost,
liability, exposure or burden on Indemnitee unless (i) such settlement solely involves the payment of money or performance of any obligation by persons other than Indemnitee and includes an unconditional release of Indemnitee by all relevant
parties from all liability on any matters that are the subject of such action, suit or proceeding and an acknowledgment that Indemnitee denies all wrongdoing in connection with such matters and (ii) the Company has fully indemnified the
Indemnitee with respect to, and held Indemnitee harmless from and against, all cost and expenses (including attorneys’ fees) incurred by Indemnitee or on behalf of Indemnitee in connection with such action, suit or proceeding. The Company shall
not be obligated to indemnify Indemnitee against amounts paid in settlement of an action, suit or proceeding against Indemnitee if such settlement is effected by Indemnitee without the Company’s prior written consent, which consent shall not be
unreasonably withheld, delayed or conditioned, unless such settlement solely involves the payment of money or performance of any obligation by persons other than the Company and includes an unconditional release of the Company by any party to such
action, suit or proceeding other than the Indemnitee from all liability on any matters that are the subject of such action, suit or proceeding and an acknowledgment that the Company denies all wrongdoing in connection with such matters. 

(f) Payment of Indemnifications and Advances. Notwithstanding any other provision in this Agreement, all claims of Indemnitee for
expenses, indemnifications and advances under this Agreement shall be paid for items incurred by or with respect to Indemnitee only during Indemnitee’s lifetime or within ten (10) years after Indemnitee’s death. All such payments
shall be made on or before the close of the calendar year following the calendar year in which the item was incurred, or at such earlier time as otherwise provided in this Agreement. The amounts eligible for reimbursement under this Agreement in one
calendar year may not affect the amount of expenses eligible for reimbursement under this provision in any other calendar year. 

(g) Company May Participate. The Company shall be entitled to participate in any action, suit or proceeding for which Indemnitee
seeks indemnification hereunder at its own expense. 
 3. Additional Indemnification Rights. 

(a) Scope. Notwithstanding any other provision of this Agreement, the Company shall indemnify Indemnitee to the fullest extent
permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the Certificate of Incorporation, the Bylaws, the DGCL or any other statute. No amendment, alteration or repeal of
this Agreement or of any provision hereof shall limit or restrict any right 

  
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of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee while such Indemnitee is a director, officer, manager, trustee, fiduciary, employee or agent of the
Company or any affiliate of the Company or serving at the request of the Company as a director, officer, manager, trustee, fiduciary, employee or agent of another corporation, partnership, limited liability company, joint venture, trust or other
enterprise prior to such amendment, alteration or repeal. In the event of any change, after the date of this Agreement, in any applicable law, statute, or rule which expands the right of a Delaware corporation to indemnify a member of its board of
directors or an officer, such changes shall be, ipso facto, within the purview of Indemnitee’s rights and the Company’s obligations under this Agreement. In the event of any change in any applicable law, statute or rule which
narrows the right of a Delaware corporation to indemnify a member of its board of directors or an officer, such changes (to the extent not otherwise required by such law, statute or rule to be applied to this Agreement) shall have no effect on this
Agreement or the parties’ rights and obligations hereunder. The rights conferred in this Agreement cannot be terminated by the Company, the Board of Directors or the stockholders of the Company with respect to a person’s service prior to
the date of such termination. 
 (b) Non-exclusivity. The indemnification provided by this Agreement shall not be deemed
exclusive of any rights to which an Indemnitee may be entitled under the Certificate of Incorporation, the Bylaws, any agreement, any vote of stockholders or disinterested directors, the DGCL or otherwise, both as to action in Indemnitee’s
official capacity and as to action in another capacity while holding such office. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any
other right or remedy. 
 (c) Contribution. To the fullest extent permissible under applicable law, if the
indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for costs and expenses (including
attorneys’ fees), liabilities, losses, judgments, fines, excise taxes, penalties, amounts paid in settlement, and other amounts (including all interest, assessments and other charges paid or payable in connection with or in respect of such
liabilities, losses, judgments, fines, excise taxes, penalties and amounts paid in settlement), in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all
of the circumstances of such proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such proceeding; and/or (ii) the relative fault
of the Company (and its directors, officers, employees, trustees, fiduciaries and agents) and Indemnitee in connection with such event(s) and/or transaction(s). 
 4. Commencement and Continuation of Indemnity. All agreements and obligations of the Company contained herein shall vest at the commencement of such Indemnitee’s service as a director,
officer, manager, trustee, fiduciary, employee or agent of the Company (or, if requested by the Company, as a director, officer, manager, trustee, fiduciary, employee or agent of other enterprises) and shall continue thereafter, so long as
Indemnitee shall be subject to any possible 

  
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claim or threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that Indemnitee is or was a director,
officer, manager, trustee, fiduciary, employee or agent of the Company or serving in any other capacity referred to herein. Any amendment or modification of this Agreement that in any way diminishes or adversely affects any such rights shall be
prospective only and shall not in any way diminish or adversely affect any such rights with respect to any actual or alleged state of facts, occurrence, action or omission occurring prior to the time of such amendment or modification, or action,
suit or proceeding previously or thereafter brought or threatened based in whole or in part upon any such actual or alleged state of facts, occurrence, action or omission. 
 5. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement or otherwise to indemnification by the Company for some or a portion of the costs and expenses (including
attorneys’ fees), liabilities, losses, judgments, fines, excise taxes, penalties, amounts paid in settlement, and other amounts (including all interest, assessments and other charges paid or payable in connection with or in respect of such
liabilities, losses, judgments, fines, excise taxes, penalties and amounts paid in settlement) actually or reasonably incurred or suffered by him or her or on his or her behalf in the investigation, defense, appeal or settlement of any action, suit
or proceeding referred to in Sections 1(a) and 1(b) or any claim, issue or matter therein, in whole or in part, but not for the total amount thereof, the Company shall nevertheless, to the fullest extent permitted by law, indemnify Indemnitee to the
fullest extent to which Indemnitee is entitled to such indemnification. 
 6. Mutual Acknowledgment. Both the Company and Indemnitee
acknowledge that, in certain instances, federal law or public policy may override applicable state law and prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise. For example, the Company and Indemnitee
acknowledge that the Securities and Exchange Commission (the “SEC”) has taken the position that indemnification is not appropriate for liabilities arising under certain federal securities laws, and federal legislation prohibits
indemnification for certain ERISA violations. Indemnitee understands and acknowledges that the Company has undertaken with the SEC to submit the question of indemnification to a court in certain circumstances for a determination of the
Company’s right under public policy to indemnify Indemnitee. 
 7. Officer and Director Liability Insurance. The Company shall
purchase and maintain a policy or policies of director’s and officer’s insurance in a sufficient amount as determined by the Board of Directors providing the Indemnitee, officers of the Company and members of the Board of Directors with
coverage for losses from wrongful acts, and to ensure the Company’s performance of its indemnification obligations under this Agreement. Such insurance shall be with reputable insurance companies with A.M. Best ratings of “A-VII” or
better, and shall be on terms and conditions, including limitations and exclusions, that are customary for similarly situated companies. In all policies of directors’ and officers’ liability insurance, Indemnitee shall be insured in such a
manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directors, if Indemnitee is a director, or of the Company’s officers, if Indemnitee is not a director of the
Company but is an officer. 
 8. Severability. Nothing in this Agreement is intended to require or shall be construed as requiring the
Company to do or fail to do any act in violation of applicable law. The Company’s 

  
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inability, pursuant to court order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. The provisions of this Agreement shall be severable as
provided in this Section 8. If this Agreement or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify Indemnitee to the full extent permitted by any
applicable portion of this Agreement that shall not have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in accordance with its terms. To the fullest extent possible, the provisions of this Agreement
(including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect
to the intent manifested thereby. 
 9. Exceptions. Any other provision herein to the contrary notwithstanding, the Company shall not be
obligated pursuant to the terms of this Agreement: 
 (a) Proceedings Brought by Indemnitee. Notwithstanding any
other provision of this Agreement and except as provided in Section 1(e) or as may otherwise be agreed by the Company, Indemnitee shall not be entitled to indemnification or advancement of costs and expenses under this Agreement with respect to
any proceeding brought by Indemnitee (other than a proceeding by Indemnitee (i) by way of defense or counterclaim or other similar portion of a proceeding, (ii) to enforce Indemnitee’s rights under this Agreement or (iii) to
enforce any other rights of Indemnitee to indemnification, advancement or contribution from the Company under any other contract, by-laws or charter or under statute or other law, including any rights under Section 145 of the DGCL), unless the
bringing of such proceeding or making of such claim shall have been approved by the Board of Directors. 
 (b) Insured
Claims. To indemnify Indemnitee for expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) which have been paid directly to Indemnitee by
an insurance carrier under a policy of officers’ and directors’ liability insurance maintained by the Company; or 

(c) Claims Under Section 16(b). To indemnify Indemnitee for profits realized by Indemnitee and recoverable by the Company,
and expenses related thereto, from a purchase or sale by Indemnitee of any equity security as provided in Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute. 

10. Construction of Certain Phrases. 
 (a) For purposes of this Agreement, references to the “Company” shall include, in addition to the resulting enterprise, any constituent enterprise (including any constituent of a constituent)
absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, managers, trustees, fiduciaries, employees or agents, so that if Indemnitee is or was a
director, officer, manager, trustee, fiduciary, employee or agent of such constituent enterprise, or is or was serving at the request of such constituent enterprise as a director, officer, manager, trustee, fiduciary, employee or agent of other
enterprises, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving enterprise as Indemnitee would have with respect to such constituent enterprise if its separate existence had
continued. 

  
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 (b) For purposes of this Agreement, references to “other enterprises” shall
include employee benefit plans; references to “fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving at the request of the Company” shall include any
service as a director, officer, manager, trustee, fiduciary, employee or agent of the Company which imposes duties on, or involves services by, Indemnitee with respect to an employee benefit plan, its participants, or beneficiaries; and, if
Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best
interests of the Company” as referred to in this Agreement. 
 (c) For the purposes of this Agreement, references to
“affiliates” shall mean any entity which, directly or indirectly, is controlled by the Company. 
 11. Counterparts. This
Agreement may be executed in one or more counterparts, each of which shall constitute an original. 
 12. Successors and Assigns. This
Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and Indemnitee and Indemnitee’s estate, heirs, legal representatives and assigns. 
 13. Attorneys’ Fees. If any action is instituted by Indemnitee under this Agreement to enforce or interpret any of the terms hereof or by Indemnitee for recovery under any director and officer
liability insurance policies maintained by the Company, the Company shall, to the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all court costs and expenses, including
attorneys’ fees, incurred by Indemnitee with respect to such action and, if requested by Indemnitee, shall advance on an as-incurred basis such costs and expenses to Indemnitee. In the event of an action instituted by or in the name of the
Company under this Agreement to enforce or interpret any of the terms of this Agreement, the Company shall, to the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all court costs
and expenses, including attorneys’ fees, incurred by Indemnitee in defense of such action (including with respect to Indemnitee’s counterclaims and cross-claims made in such action) and, if requested by Indemnitee, shall advance on an
as-incurred basis such costs and expenses to Indemnitee. 
 14. Notice. All notices, requests, demands and other communications under
this Agreement shall be in writing and, unless otherwise provided, shall be deemed duly given (a) if delivered by hand and receipted for by the party addressee, on the date of such receipt, or (b) if mailed by domestic certified or
registered mail with postage prepaid, on the third business day after the date postmarked. The address for notice to the Company shall be as set forth in Section 2(b) hereof, and the address for notice to Indemnitee shall be as set forth on the
signature page of this Agreement, or as subsequently modified by written notice. 
 15. Consent to Jurisdiction. The Company and
Indemnitee each hereby irrevocably consent to the jurisdiction of the Court of Chancery of the State of Delaware for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement. Any action or proceeding
instituted under or to enforce this Agreement shall be brought only in the Court of Chancery of the State of Delaware. 

  
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 16. Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the
extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the
Company effectively to bring suit to enforce such rights. 
 17. Jointly Indemnifiable Claims. 

(a) Definitions. For purposes of this Section 17: 

(i) “Entity” shall mean (A) the Company; or (B) any other corporation, partnership, limited
liability company, joint venture, trust, employee benefit plan or other enterprise which is a controlled affiliate or a wholly or partially owned direct or indirect subsidiary, or employee benefit plan, of the Company and of which Indemnitee is or
was serving as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary, or in any similar capacity; or (C) any other corporation, partnership, limited liability company, joint venture, trust, employee
benefit plan or other enterprise, in each case, of which Indemnitee is or was serving as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary, or in any similar capacity at the request of the Company.

 (ii) “Indemnitee-Related Entities” means any corporation, partnership, limited liability
company, joint venture, trust, employee benefit plan or other enterprise (other than the Company, any other Entity or the insurer under and pursuant to an insurance policy issued to or insuring the Company or any Entity) from whom Indemnitee may be
entitled to indemnification, reimbursement, or advancement. 
 (iii) “Jointly Indemnifiable
Claims” shall be broadly construed and shall include, without limitation, any action, suit or proceeding for which Indemnitee shall be entitled to indemnification, reimbursement, advancement or insurance coverage from (A) either the
Company and/or any other Entity pursuant to the Indemnification Sources (defined below), on the one hand, and (B) any Indemnitee-Related Entity (or an insurance carrier providing insurance coverage to any Indemnitee-Related Entity) under any
other agreement or arrangement between any Indemnitee-Related Entity and Indemnitee (or insurance policy providing insurance coverage to any Indemnitee-Related Entity) pursuant to which Indemnitee is indemnified or entitled to reimbursement,
advancement or insurance coverage, the laws of the jurisdiction of incorporation or organization of any Indemnitee-Related Entity and/or the certificate of incorporation, certificate of organization, bylaws, partnership agreement, operating
agreement, certificate of formation, certificate of limited partnership or other organizational or governing documents of any Indemnitee-Related Entity, on the other hand. 
 (b) Primacy of Indemnification. The Company hereby acknowledges that Indemnitee may have certain rights to indemnification, advancement of expenses and/or insurance provided by other sources. The
Company hereby agrees that Indemnitee is not obligated to enforce its rights against such other sources prior to obtaining indemnification or advancement of expenses hereunder. 

  
 11 

 (c) Acknowledgement. Given that certain Jointly Indemnifiable Claims may arise, the
Company acknowledges and agrees that the Company shall be fully and primarily responsible for the payment to Indemnitee in respect of indemnification or advancement of expenses in connection with any such Jointly Indemnifiable Claim, whether
Indemnitee’s right to indemnification or advancement from the Company arises pursuant to and in accordance with (as applicable) the terms of (i) the DGCL, (ii) the Certificate of Incorporation or the Bylaws, (iii) this Agreement,
(iv) any other agreement between either the Company or any other Entity and Indemnitee pursuant to which Indemnitee is indemnified, (v) the laws of the jurisdiction of incorporation or organization of any other Entity and/or (vi) the
certificate of incorporation, certificate of organization, bylaws, partnership agreement, operating agreement, certificate of formation, certificate of limited partnership or other organizational or governing documents of any other Entity ((i)
through (vi) collectively, the “Indemnification Sources”), without regard to any right of recovery Indemnitee may have from the Indemnitee-Related Entities or any right to insurance coverage that Indemnitee may have under any
insurance policy issued to any Indemnitee-Related Entity. Under no circumstance shall the Company or any other Entity be entitled to any right of subrogation, reimbursement, exoneration, indemnification or contribution from the Indemnitee-Related
Entities (or any insurance carrier providing insurance coverage to Indemnitee under any insurance policy issued to a Indemnitee-Related Entity) pursuant to any right of indemnification Indemnitee has under a contract or otherwise between Indemnitee
and any Indemnitee-Related Entities or any insurance coverage (and neither the Company nor any Entity shall have any right to participate in any claim or remedy of Indemnitee in respect thereof), and no right of indemnification, reimbursement,
advancement of expenses or insurance coverage or any other right of recovery Indemnitee may have from the Indemnitee-Related Entities (or from any insurance carrier providing insurance coverage to any Indemnitee-Related Entity) shall reduce or
otherwise alter the rights of Indemnitee or the obligations of the Company or any other Entity under the Indemnification Sources. The Company hereby unconditionally and irrevocably waives, relinquishes and releases, and covenants and agrees not to
exercise (and to cause each of the other Entities not to exercise), any rights that it may now have or hereafter acquire against any Indemnitee-Related Entity or Indemnitee that arise from or relate to the existence, payment, performance or
enforcement of the Company’s obligations under this Agreement or under any other indemnification agreement (whether pursuant to contract, bylaws or charter), including, without limitation, any right of subrogation, reimbursement, exoneration,
contribution or indemnification and any right to participate in any claim or remedy of Indemnitee against any Indemnitee-Related Entity or Indemnitee (or any insurance carrier providing insurance coverage to any Indemnitee-Related Entity), whether
or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from any Indemnitee-Related Entity or Indemnitee (or any such insurance carrier), directly or
indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. If any Indemnitee-Related Entity (or any affiliate thereof other than the Company) pays or causes to be paid,
for any reason, any amounts otherwise indemnifiable hereunder or under any other indemnification agreement (whether pursuant to contract, bylaws or charter) with Indemnitee, then (x) such Indemnitee-Related Entity (or such affiliate, as the
case may be) shall be fully subrogated to all rights of Indemnitee with respect to such payment to the extent not indemnified under the foregoing 

  
 12 

 
clause (y) and (y) the Company shall fully indemnify, reimburse and hold harmless such Indemnitee-Related Entity (or such other affiliate) for all such payments actually made by such
Indemnitee-Related Entity (or such other affiliate). 
 (d) Third Party Beneficiaries. The Indemnity-Related Entities are
express third party beneficiaries of this Agreement, are entitled to rely upon this Agreement, and may specifically enforce the Company’s obligations hereunder as though a party hereunder. 

18. Choice of Law. This Agreement shall be governed by and its provisions construed in accordance with the laws of the State of Delaware, without
giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. 

19. Preclusion. The Company shall be precluded from asserting in any judicial proceeding that the provisions of this Agreement are not valid,
binding and enforceable. 
 20. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding
unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver.

  
 13 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
  

			
	COMPANY:
	
	BLOOMIN’ BRANDS, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	INDEMNITEE:
	
	  

	Name:	 	  

	Address:	 	  

	  

  

  
 14Executive Severance and Change in Control Plan

 Exhibit 10.43 
 BLOOMIN’ BRANDS, INC. 
 EXECUTIVE SEVERANCE AND CHANGE IN CONTROL
PLAN 
 1. Purpose. The purpose of the Bloomin’ Brands, Inc. Executive Severance and Change in Control
Plan is to provide reasonable severance protection to certain executive officers and other key employees of the Company and its Affiliates who are expected to make substantial contributions to the success of the Company and its Affiliates and
thereby provide for stability and continuity of management. 
 2. Term. The Plan shall commence on the day that
the Company’s shares are first listed for trading on NASDAQ (the “Effective Date”) and shall continue until terminated in accordance with Section 22. 
 3. Definitions. For purposes of the Plan, the following terms have the meanings set forth below: 
 “Accrued Benefits” means (i) the portion of the Participant’s Base Salary earned through the date of the Qualifying Termination, to the extent not yet paid; (ii) the amount of any
annual incentive compensation under the annual incentive plan applicable to the Participant that has been earned by or awarded to the Participant for a completed fiscal year preceding the date of the Qualifying Termination, but has not yet been paid
to the Participant; and (iii) any paid time-off accrued during the year of termination through the date of the Qualifying Termination, to the extent not used or theretofore paid (and except as otherwise required by law). 

“Affiliate” means (i) any entity that, directly or indirectly, is controlled by the Company and (ii) any entity in
which the Company has a significant equity interest, in each case as determined by the Board or the Committee. 
 “Base
Salary” means the Participant’s base salary as in effect immediately prior to the Participant’s termination, without regard to any reduction that would constitute Good Reason. 

“Beneficial Owner” has the meaning ascribed to such term in Rule 13d-3 under the Securities Exchange Act of 1934 (the
“Exchange Act”). 
 “Board” means the board of directors of Bloomin’ Brands, Inc. 

“Cause” means any one of the following: 
 (i) failure of the Participant to perform the duties required of the Participant pursuant to his or her employment agreement or otherwise applicable to the Participant in connection with his or her
employment in a manner satisfactory to the Company, in its sole discretion; provided, however, for purposes of this subparagraph (i), Cause will not exist unless the Company first gives the Participant written notice (“Notice of
Deficiency”). The Notice of Deficiency shall specify the deficiencies in the Participant’s performance of his or her duties. The Participant shall have a period of thirty (30) days, commencing on receipt of the Notice of Deficiency,
in which to cure the deficiencies contained in the Notice of Deficiency. In the event 

 
the Participant does not cure the deficiencies to the satisfaction of the Company, in its sole discretion, within such thirty (30) day period (or if during such thirty (30) day period
the Company determines that the Participant is not making reasonable, good faith efforts to cure the deficiencies to the satisfaction of the Company), then a termination by the Company as a result of such deficiencies will be for Cause; 

(ii) any dishonesty by the Participant in the Participant’s dealings with the Company, the commission of fraud by the
Participant, negligence in the performance of the duties of the Participant, insubordination, willful misconduct, or the conviction (or plea of guilty or nolo contendere) of the Participant of, or indictment or charge with respect to, any felony, or
any other crime involving dishonesty or moral turpitude; 
 (iii) any violation of any covenant or restriction contained
in Section 9 hereof or any similar restriction applicable to the Participant; or 
 (iv) any violation of any current
or future material published policy of the Company or its Affiliates (material published policies include, but are not limited to, the Company’s discrimination and harassment policy, management dating policy, responsible alcohol policy, insider
trading policy and security policy). 
 “Change of Control” means a change in ownership of the Company, a change in
effective control of the Company, or a change in ownership of a substantial portion of the assets of the Company, consistent with and interpreted in accordance with Section 409A of the Code and applicable guidance and regulations issued
thereunder, and specifically defined as follows: 
 (i) any Person (other than the Company, any trustee or other fiduciary
holding securities under any employee benefit plan of the Company, investment funds affiliated with Bain Capital Partners, LLC and their respective successors and affiliates and investment funds affiliated with Catterton Management Company, LLC and
their respective successors and affiliates or any company owned, directly or indirectly, by the shareholders of the Company immediately prior to the occurrence with respect to which the evaluation is being made in substantially the same proportions
as their ownership of the common stock of the Company) becomes the Beneficial Owner (except that a Person shall be deemed to be the Beneficial Owner of all shares that any such Person has the right to acquire pursuant to any agreement or arrangement
or upon exercise of conversion rights, warrants or options or otherwise, without regard to the 60-day period referred to in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company, representing 50% or more of the
combined voting power of the Company’s then outstanding securities; 
 (ii) during any twelve-month period, a majority of
the members of the Board is replaced by individuals who were not members of the Board at the Effective Date and whose election by the Board or nomination for election by the Company’s shareholders was not approved by a vote of at least a
majority of the directors then still in office who either were directors at the Effective Date or whose election or nomination for election was previously so approved; 

  
 2 

 (iii) the consummation of a merger or consolidation of the Company with any other entity,
other than a merger or consolidation that would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the
surviving or resulting entity) 50% or more of the combined voting power of the surviving or resulting entity outstanding immediately after such merger or consolidation; or 
 (iv) the consummation of a sale or disposition of all or substantially all of the assets of the Company (other than such a sale or disposition immediately after which such assets will be owned directly or
indirectly by the shareholders of the Company in substantially the same proportions as their ownership of the common stock of the Company immediately prior to such sale or disposition). 

“Change of Control Protection Period” means the twenty-four (24) month period beginning on the date of the Change of
Control. 
 “COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1986 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Committee” means the Compensation Committee of the Board. 

“Company” means Bloomin’ Brands, Inc. and any successor to its business or assets, by operation of law or otherwise.

 “Employee” means an employee of the Company or any of its Affiliates. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“Good Reason” means any one or more of the following (i) a material diminution in the nature and scope of the
Participant’s responsibilities, duties or authority (any diminution of the business of the Company shall not constitute Good Reason); (ii) a material diminution by the Company in the Participant’s current base salary and/or the
Participant’s annual bonus potential other than as part of an across-the-board reduction that results in a proportional reduction to the Participant substantially equivalent to that of other Employees that are designated at the same level of
participation as the Participant hereunder; (iii) a removal from, or failure to continue in, the Participant’s current position, unless the Participant is offered another position that is no less favorable than the Participant’s
current position in terms of compensation (compensation for these purposes meaning base salary and participation in annual bonus and long-term incentive programs); or (iv) an actual relocation of the Participant’s principal office to
another location more than fifty (50) miles from the Participant’s current office location and such office relocation results in a material increase in the Participant’s length of commute; provided that no finding of Good Reason shall
be effective unless and until the Participant has provided the Company, within sixty (60) calendar days of the date when the Participant became aware, or should have become aware, of the facts and circumstances underlying the finding of Good
Reason, with written notice thereof 

  
 3 

 
stating with specificity all of the facts and circumstances underlying the finding of Good Reason and that the Participant intends to terminate his or her employment for Good Reason no later than
the sixtieth (60th) day following the delivery of
such notice to the Company and, if the basis for such finding of Good Reason is capable of being cured by the Company, providing the Company with an opportunity to cure the same within thirty (30) calendar days after receipt of such notice. If
the Company does not cure the same within such thirty (30) calendar day cure period, no finding of Good Reason shall be effective unless the Participant terminates employment within thirty (30) calendar days of the expiration of such cure
period. 
 “Participant” means any Employee who is designated as a Participant hereof at one of the following levels
and in accordance with Section 4: 
 “CEO Participant” means the Chief Executive Officer of Bloomin’
Brands, Inc. 
 “Section 16 Participant” means an officer of the Company, other than the Chief Executive Officer, who
is subject to the requirements of Section 16 of the Exchange Act and the rules thereunder and has been designated by the Board or the Plan Administrator (defined below) to participate in the Plan as a Section 16 Participant. 

“ELT Participant” means an Employee who has been designated by the Board or the Plan Administrator to participate in the Plan
as an Executive Leadership Team Participant. 
 “GVP Participant” means an Employee who has been designated by the
Board or the Plan Administrator to participate in the Plan as a Group Vice President Participant. 
 “VP Participant”
means an Employee who has been designated by the Board or the Plan Administrator to participate in the Plan as a Vice President Participant. 
 “Director Participant” means an Employee who has been designated by the Board or the Plan Administrator to participate in the Plan as a Director Participant. 

“Person” has the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d)
thereof, including “group” as defined in Section 13(d) thereof. 
 “Plan” means the Bloomin’
Brands, Inc. Executive Severance and Change in Control Plan, as set forth in this document, and as hereafter amended from time to time. 
 “Plan Administrator” means the Board or any duly constituted committee of members of the Board, or any person to whom the Board or such duly constituted committee has delegated any authority or
responsibility pursuant to Section 7, but only to the extent of such delegation. Until and unless the Board determines otherwise, the Committee shall be the Plan Administrator, and may further delegate any authority or responsibility pursuant
to Section 7. 

  
 4 

 “Qualifying Termination” means the Participant’s termination of service by
the Company, for no reason or any reason other than Cause, or by the Participant for Good Reason. 
 “Release” means
the waiver and release of claims described in Section 8 and required of the Participant prior to receipt of certain payments under the Plan in Section 5 herein. 
 “Restricted Period” means the period of the Participant’s employment by the Company or its Affiliates and one (1) year following termination of such employment for any reason.

 “Revocation Period” means the sixty (60) day period following the date of the Participant’s Qualifying
Termination. 
 “Restrictive Covenants” means the obligations of the Participant set forth in Section 9 hereof.

 “Total Target Cash” means the Participant’s annual Base Salary plus the amount of the Participant’s
annual Base Salary equal to the annual performance-based cash incentive target applicable to the Participant for the year in which the Qualifying Termination occurs. 
 4. Eligibility. The Plan applies to any Employee who has been designated as a Participant by the Board or the Plan Administrator and who has received written notice from the Company of his
or her status as a Participant, which status has not been revoked pursuant to Section 22. 
 5. Severance Pay and
Benefits. Subject to the eligibility requirements of the Plan and compliance with all other applicable provisions of the Plan, including, without limitation, the Release and the Restrictive Covenants, in the event of a Qualifying Termination
with respect to a Participant, such Participant will be entitled to receive severance benefits in accordance with the terms as set forth below. Any obligation of the Company to provide severance pay and/or other benefits pursuant to the Plan shall
immediately terminate if it is determined by the Company that the Participant has breached any obligation under his or her Release, the Restrictive Covenants and/or any other obligation to the Company. The payments and benefits described below will
be reduced by the amount of other severance or similar termination payments or benefits provided by the Company to the Participant under an employment agreement or other arrangement or any payments or benefits required to be provided by the Company
to the Participant under any federal or state law. 
 a. Severance Benefits - Qualifying
Termination: If Qualifying Termination occurs, the Participant shall receive severance benefits at such Participant’s designated level of participation, as follows (unless the Qualifying Termination occurs during a Change of Control
Protection Period, in which case the benefits specified in Section 5(b) shall apply instead): 
 CEO Participant: The
Participant will be entitled to the benefits set forth in the Participant’s employment agreement with the Company. The Participant will not be entitled to any benefits pursuant to the Plan. 

  
 5 

 Section 16 and ELT Participants: A Participant shall be entitled to the
following benefits: (i) a severance payment, payable in a lump sum at the end of the Revocation Period, equal to twelve (12) months of Base Salary; and (ii) continued group coverage under COBRA in the Company’s group health plans
in which the Participant participated prior to the termination; and (iii) Accrued Benefits. 
 GVP Participants: A
Participant shall be entitled to the following benefits: (i) a severance payment, payable in a lump sum at the end of the Revocation Period, equal to nine (9) months of Base Salary plus two (2) additional weeks of Base Salary for each
full year of completed service as an Employee, provided, however, that the maximum payment under this clause (i) will not exceed twelve (12) months of Base Salary; and (ii) continued group coverage under COBRA in the Company’s
group health plans in which the Participant participated prior to the termination; and (iii) Accrued Benefits. 
 VP
Participants: A Participant shall be entitled to the following benefits: (i) a severance payment, payable in a lump sum at the end of the Revocation Period, equal to six (6) months of Base Salary plus two (2) additional weeks of
Base Salary for each full year of completed service as an Employee, provided, however, that the maximum payment under this clause (i) will not exceed nine (9) months of Base Salary; and (ii) continued group coverage under COBRA in the
Company’s group health plans in which the Participant participated prior to the termination; and (iii) Accrued Benefits. 
 Director Participants: A Participant shall be entitled to the following benefits: (i) a severance payment, payable in a lump sum at the end of the Revocation Period, equal to eight
(8) weeks of Base Salary plus two (2) additional weeks of the Base Salary for each full year of completed service as an Employee, provided, however, that the maximum payment under this clause (i) will not exceed six (6) months of
Base Salary; and (ii) continued group coverage under COBRA in the Company’s group health plans in which the Participant participated prior to the termination; and (iii) Accrued Benefits. 

b. Severance Benefits - Qualifying Termination during Change of Control Protection Period: If a Qualifying
Termination occurs during a Change of Control Protection Period, the Participant shall receive severance benefits at such Participant’s designated level of participation, as follows: 

CEO Participant: The Participant shall be entitled to the following benefits: (i) a severance payment, payable in a lump sum
at the end of the Revocation Period, equal to two (2) times the Participant’s Total Target Cash; (ii) all unvested equity awards held by the Participant will vest as of the date of the Qualifying Termination; (iii) continued
eligibility for participation in group health benefits on the Company’s standard terms and conditions, as are in effect at the time of the termination or may be in the future, for a period of eighteen (18) months following the date of the
Qualifying Termination; (iv) outplacement services, provided by an outplacement service provider selected by the Company, for a period of six (6) months following the date of the Qualifying Termination; and (v) Accrued Benefits.

  
 6 

 Section 16 Participant: A Participant shall be entitled to the following
benefits: (i) a severance payment, payable in a lump sum at the end of the Revocation Period, equal to one and a half (1.5) times the Participant’s Total Target Cash; (ii) all unvested equity awards held by the Participant will
vest as of the date of the Qualifying Termination; (iii) continued eligibility for participation in group health benefits pursuant the Company’s standard terms and conditions, as are in effect at the time of the termination or may be in
the future, for a period of eighteen (18) months following the date of the Qualifying Termination; (iv) outplacement services, provided by an outplacement service provider selected by the Company, for a period of six (6) months
following the date of the Qualifying Termination; and (v) Accrued Benefits. 
 ELT Participant: A Participant shall
be entitled to the following benefits: (i) a severance payment, payable in a lump sum at the end of the Revocation Period, equal to one (1) times the Participant’s Total Target Cash; (ii) all unvested equity awards held by the
Participant will vest as of the date of the Qualifying Termination; (iii) continued participation in group health benefits pursuant the Company’s standard terms and conditions, as are in effect at the time of the termination or may be in
the future, for a period of twelve (12) months following the date of the Qualifying Termination; (iv) outplacement services, provided by an outplacement service provider selected by the Company, for a period of six (6) months
following the date of the Qualifying Termination; and (v) Accrued Benefits. 
 GVP, VP and Director Participants: A
Participant shall be entitled to the benefits specified in paragraph Section 5(a) applicable to such a Participant. In addition, if the Qualifying Termination is not a termination by the Participant for Good Reason, all unvested equity awards
held by the Participant will vest as of the date of the Qualifying Termination. 
 6. Impact of Section 4999 Excise
Tax. 
 (a) Notwithstanding any other contrary provisions in any plan, program or policy of the Company, if all or any
portion of the benefits payable under this Plan, either alone or together with other payments and benefits that the Participant receives or is entitled to receive from the Company, would constitute a “parachute payment” within the meaning
of Section 280G of the Code, the Company shall reduce the Participant’s payments and benefits payable under this Plan to the extent necessary so that no portion thereof shall be subject to the excise tax imposed by Section 4999 of the
Code, but only if, by reason of such reduction, the net after-tax benefit shall exceed the net after-tax benefit if such reduction were not made. “Net after-tax benefit” for these purposes shall mean the sum of (i) the total amount
payable to Participant under the Plan, plus (ii) all other payments and benefits which Participant receives or is then entitled to receive from the Company that, alone or in combination with the payments and benefits payable under the Plan,
would constitute a “parachute payment” within the meaning of Section 280G of the Code (each such 

  
 7 

 
benefit hereinafter referred to as an “Additional Parachute Payment”), less (iii) the amount of federal income taxes payable with respect to the foregoing calculated at the maximum
marginal income tax rate for each year in which the foregoing shall be paid to the Participant (based upon the rate in effect for such year as set forth in the Code at the time of the payment under the Plan), less (iv) the amount of excise
taxes imposed with respect to the payments and benefits described in (i) and (ii) above by Section 4999 of the Code. The parachute payments reduced shall be those that provide Participant the best economic benefit and to the extent
any parachute payments are economically equivalent with each other, each shall be reduced pro rata; provided, however, that the Participant may elect to have the noncash payments and benefits due the Participant reduced (or eliminated) prior to any
reduction of the cash payments due under this Plan. 
 (b) All determinations required to be made under this Section 6
shall be made by the tax counsel reasonably acceptable to the Participant and the Company or any other third party acceptable to the Participant and the Company (the “Tax Counsel”). The Tax Counsel shall provide detailed supporting
calculations both to the Company and the Participant. All fees and expenses of the Tax Counsel shall be borne solely by the Company. Absent manifest error, any determination by the Tax Counsel shall be binding upon the Company and the Participant.

 (c) For purposes of determining whether and the extent to which any payments would constitute a “parachute payment”
(i) no portion of any payments or benefits that the Participant shall have waived at such time and in such manner as not to constitute a “payment” within the meaning of section 280G(b) of the Code shall be taken into account,
(ii) no portion of the payments shall be taken into account which, in the opinion of Tax Counsel, does not constitute a “parachute payment” within the meaning of section 280G(b)(2) of the Code (including by reason of section
280G(b)(4)(A) of the Code) and, in calculating the excise tax, no portion of such payments shall be taken into account which, in the opinion of Tax Counsel, constitutes reasonable compensation for services actually rendered, within the meaning of
section 280G(b)(4)(B) of the Code, in excess of the “base amount” (within the meaning set forth in section 280G(b)(3) of the Code) allocable to such reasonable compensation, and (iii) the value of any non-cash benefit or any deferred
payment or benefit included in the payments shall be determined by the Tax Counsel in accordance with the principles of sections 280G(d)(3) and (4) of the Code. 
 7. Plan Administration and Interpretation. The Plan Administrator shall have the sole authority in the exercise of its discretion to interpret, apply, and administer the terms of the Plan
and to determine eligibility for benefits of the Plan and the amount of any benefits under the Plan, and its determination of any such matters shall be final and binding and be given the maximum deference allowed by law. Benefits under the Plan will
be paid only if the Plan Administrator determines in its discretion that a Participant or beneficiary is entitled to them. The Plan Administrator may delegate in writing to any other person all or any portion of its authority or responsibility with
respect to the Plan. 
 8. Release. The severance compensation and benefits to be provided under Section 5
shall be provided only if the Participant timely executes and does not timely revoke a waiver and release of all claims, whether actual or potential, arising out of the Participant’s employment with the Company or any of its Affiliates, in a
form that is reasonably acceptable to the Chief Legal Officer, which becomes effective and irrevocable no later than sixty (60) days 

  
 8 

 
following the date of the Participant’s Qualifying Termination. By entering into such Release, the Company will not be deemed to admit any liability to the Participant, and neither party
will be deemed to have committed any wrongful acts. If the Release does not become effective and irrevocable by sixty (60) days following the date of the Participant’s Qualifying Termination, the Participant will not be entitled to any
payment or benefit under the Plan. 
 9. Restrictive Covenants. The severance compensation and benefits to be
provided under Section 5 are subject to the Participant’s compliance with the covenants as set forth below in subsections (a) through (e). For the avoidance of doubt, compliance with the restrictive covenants herein shall not relieve
the Participant of any obligation to comply with any different or more restrictive covenants pursuant to any employment or other agreement with the Company. 
 a. Non-Competition: During the Restricted Period, the Participant shall not, individually or jointly with others, directly or indirectly, whether for the Participant’s own account or
for that of any other person or entity, engage in or own or hold any ownership interest in any person or entity engaged in a full table service restaurant business and that is located or intended to be located anywhere within a radius of thirty
(30) miles of any full table service restaurant owned or operated by the Company, its subsidiaries or Affiliates, or any of the affiliates any of the foregoing, or any proposed full table service restaurant to be owned or operated by any of the
foregoing, and the Participant shall not act as an officer, director, employee, partner, independent contractor, consultant, principal, agent, proprietor, or in any other capacity for, nor lend any assistance (financial or otherwise) or cooperation
to, any such person, or entity. For purposes of this Section 9(a), restaurants owned or operated by the Company shall include restaurants operated or owned by the Company, its subsidiaries or Affiliates, any successor entity to the Company, its
subsidiaries or Affiliates, and any entity in which the Company, its subsidiaries or any of their affiliates has an interest, including but not limited to, an interest as a franchisor. The term “proposed restaurant” shall include all
locations for which the Company, or its franchisees or affiliates is conducting active, bona fide negotiations to secure a fee or leasehold interest with the intention of establishing a restaurant thereon. Notwithstanding the foregoing, it shall not
be a violation of this Section 9(a) for the Participant to own a one percent (1%) or smaller interest in any corporation required to file periodic reports with the Securities and Exchange Commission pursuant to the Exchange Act.

 b. Non-Disclosure: At no time during the period of employment or at any time thereafter shall the Participant,
individually or jointly with others, for the benefit of the Participant or any third party, publish, disclose, use, or authorize anyone else to publish, disclose, or use, any secret or confidential material or information relating to any aspect of
the business or operations of the Company, or its Affiliates, including, without limitation, any secret or confidential information relating to the business, customers, trade or industrial practices, trade secrets, technology, recipes or know-how of
any of the Company, or its Affiliates. 
 c. Non-Solicitation: During the Restricted Period and for one
(1) year thereafter, the Participant shall not offer employment to, or hire, any employee of the Company, its franchisees or affiliates, or otherwise solicit or induce any employee of the Company, its franchisees or Affiliates to terminate
their employment, nor shall the Participant act as an officer, 

  
 9 

 
director, employee, partner, independent contractor, consultant, principal, agent, proprietor, owner or part owner, or in any other capacity, for any person or entity that solicits or otherwise
induces any employee of the Company, its franchisees or Affiliates to terminate their employment. 
 d. Company
Property: All property and information of the Company, its franchisees or Affiliates, including but not limited to products, recipes, product specifications, training materials, employee selection and testing materials, marketing and
advertising materials, special event, charitable and community activity materials, customer correspondence, internal memoranda, products and designs, sales information, project files, price lists, customer and vendor lists, prospectus reports,
customer or vendor information, sales literature, territory printouts, call books, notebooks, textbooks, and all other like information or products, including but not limited to all copies, duplications, replications, and derivatives of such
information or products, in the possession of the Participant prior to the time of termination or acquired by the Participant while in the employ of the Company, shall be the exclusive property of the Company and shall be returned to the Company no
later than the date of the Participant’s termination. 
 e. Inventions, Ideas, Processes, and Designs: All
inventions, recipes, processes, discoveries, developments, designs, innovations or improvements, including but not limited to recipes, programs, software, and designs (including but not limited to all improvements on any of the foregoing)
(i) conceived or made by the Participant during the course of the Participant’s employment with the Company (whether or not conceived during regular business hours) and for a period of six (6) months subsequent to the termination of
such employment and (ii) related to the business of the Company, shall be disclosed in writing promptly to the Company and shall be the sole and exclusive property of the Company. An invention, idea, recipe, process, program, software or design
(including but not limited to an improvement) shall be deemed “related to the business of the Company” if (a) it was made with equipment, supplies, facilities, or confidential information of the Company or its Affiliate (whether or
not actually made or occurring on the Company’s premises), (b) results from work performed by the Participant for the Company, or (c) pertains to the current business or demonstrably anticipated research or development work of the
Company. The Participant shall cooperate with the Company and its attorneys in the preparation of patent and copyright applications for such developments and, upon request, shall promptly confirm the assignment of all such inventions, formulae,
processes, discoveries, developments, designs, innovations or improvements to the Company. The decision to file for patent or copyright protection or to maintain such development as a trade secret shall be in the sole discretion of the Company, and
the Participant shall be bound by such decision. 
 10. No Mitigation. In no event shall the Participant be
obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Participant under any of the provisions of the Plan and such amounts shall not be reduced whether or not the Participant obtains other
employment. 
 11. Plan Effect. Nothing in this Plan shall be construed as giving the Participant the right to
remain in the employ of, or continue to provide services to, the Company or any Affiliate. Further, the Company or any Affiliate may at any time dismiss a Participant, free from any liability 

  
 10 

 
or any claim under the Plan, unless otherwise expressly provided herein or in any other agreement binding on the parties. Designation of an Employee as a Participant in the Plan is not intended
to confer any rights on the Participant except as set forth herein. The Plan shall constitute an “employee welfare benefit plan” within the meaning of the Employee Retirement Income Security Act of 1974, as amended. 

12. Claims Procedure. Severance benefits will be provided to each Participant as provided in the Plan. If a
Participant believes that he or she has not been provided with the severance benefits to which he or she is entitled under the Plan, then the Participant must file a request for review within ninety (90) days after the date he or she should
have received such benefits under the Plan. The request for review must be made in writing and submitted to the Plan Administrator. The Plan Administrator will respond to the request for review within ninety (90) days after it is received
setting forth, in writing, the reasons for the determination. If the Participant’s request for review is denied, the Participant may, within sixty (60) days after receiving written notice of such denial, file an appeal to the Chief Legal
Officer of the Company, setting forth the reason why the Participant disagrees with the initial determination. The Chief Legal Officer shall respond to this request for reconsideration within sixty (60) days after it is received setting forth,
in writing, the reasons for the determination. A Participant who fails to file an appeal within the sixty (60) day period set forth in this Section 12 shall be prohibited from doing so at a later date or from bringing an action under
ERISA. 
 In no event shall the Participant be entitled to challenge the decision of the Plan Administrator or Chief Legal
Officer in court or in any other administrative proceeding unless and until the claim and appeal procedures described above have been complied with and exhausted. 
 13. Acceptance Deemed. By accepting any payment or benefit under the Plan, each Participant and each person claiming under or through any such Participant shall be conclusively deemed
to have indicated acceptance and ratification of, and consent to, all of the terms and conditions of the Plan and any action taken under the Plan by the Plan Administrator or the Company or its Affiliates, in any case in accordance with the terms
and conditions of the Plan. 
 14. Successors. The Plan shall bind any successor of the Company, its assets
or its businesses (whether direct or indirect, by purchase, merger, consolidation or otherwise), in the same manner and to the same extent that the Company would be obligated under the Plan if no succession had taken place. In the case of a Change
of Control or any transaction in which a successor would not by the foregoing provision or by operation of law be bound by this Plan, the Company shall require such successor expressly and unconditionally to assume and agree to perform the
Company’s obligations under the Plan in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 
 The Plan shall inure to the benefit of and be enforceable by the Participant’s personal or legal representatives, executors, administrators, successors, heirs, distributes, and/or legatees. The
rights under the Plan are personal in nature and neither the Company nor any Participant shall, without the consent of the other, assign, transfer or delegate any rights or obligations hereunder except as expressly provided in this Section. Without
limiting the generality of the foregoing, the Participant’s right to receive any benefits hereunder shall not be assignable, 

  
 11 

 
transferable or delegable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by his or her will or by the laws of descent and distribution and, in the
event of any attempted assignment or transfer contrary to this Section, the Company shall have no liability to pay any amount so attempted to be assigned, transferred or delegated. 

15. Withholding. The Company shall have the right to deduct and withhold from any amounts payable under the Plan such
federal, state, local or other taxes as are required to be withheld pursuant to any applicable law or regulation. 
 16.
Notice. For the purpose of the Plan, notices and all other communications provided for in this Plan shall be in writing and shall be deemed to have been duly given when actually delivered or mailed by United States registered mail, return
receipt requested, postage prepaid, addressed to the Chief Legal Officer (or, in the case of an initial request for review pursuant to Section 12 hereof, to the Plan Administrator) at the Company’s corporate headquarters address, and to
the Participant (at the last address of the Participant on the Company’s books and records). 
 17. Governing
Law. Except to the extent preempted by federal law, the provisions of the Plan shall be governed and construed in accordance with the laws of the State of Florida without regard to the conflict of law provisions thereof. 

18. Validity and Severability. The invalidity or unenforceability of any provision of the Plan shall not affect the
validity or enforceability of any other provision of the Plan, which shall remain in full force and effect, and any prohibition or unenforceability in any jurisdiction, shall not invalidate or render unenforceable such provision in any other
jurisdiction. 
 19. Headings; Interpretation. Headings in the Plan are inserted for convenience of reference only
and are not to be considered in the construction of the provisions hereof. Unless the context clearly requires otherwise, the masculine pronoun wherever used herein shall be construed to include the feminine pronoun. 

20. Section 409A. It is intended that the payments and benefits provided under the Plan shall be exempt from the
application of the requirements of Section 409A of the Code. The Plan shall be construed, administered and governed in a manner that effects such intent, and the Plan Administrator shall not take any action that would be inconsistent with such
intent. Specifically, any taxable benefits or payments provided under this Plan are intended to be separate payments that qualify for the “short-term deferral” exception to Section 409A of the Code to the maximum extent possible, and
to the extent they do not so qualify, are intended to qualify for the separation pay exceptions to Section 409A of the Code, to the maximum extent possible. To the extent that none of these exceptions (or any other available exception) applies,
then notwithstanding anything contained herein to the contrary, and to the extent required to comply with Section 409A of the Code, if a Participant is a “specified employee,” as determined under the Company’s policy for
identifying specified employees on the date of his or her Qualifying Termination, then all amounts due under the Plan that constitute a “deferral of compensation” within the meaning of Section 409A of the Code, that are provided as a
result of a separation from service within the meaning of Section 409A of the Code, and that would otherwise be paid or 

  
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provided during the first six months following the date of termination, shall be accumulated through and paid or provided on the first business day that is more than six months after the date of
the date of termination (or, if the Participant dies during such six-month period, within 90 days after the Participant’s death). 
 With regard to any provision herein that provides for reimbursement of costs and expenses or in-kind benefits, except as permitted by Section 409A of the Code: (i) the right to reimbursement or
in-kind benefits shall not be subject to liquidation or exchange for another benefit; (ii) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any calendar year shall not affect the expenses eligible for
reimbursement, or in-kind benefits to be provided, in any other calendar year; and (iii) such payments shall be made on or before the last day of the Participant’s calendar year following the calendar year in which the expense occurred, or
such earlier date as required hereunder. 
 The payments and benefits provided under this Plan may not be deferred,
accelerated, extended, paid out or modified in a manner that would result in the imposition of an additional tax under Section 409A of the Code upon Participants. The tax treatment of the benefits provided under this Plan is not warranted or
guaranteed to the Participants. Neither the Company, its Affiliates nor their respective directors, officers, employees or advisers shall be held liable for any taxes, interest, penalties or other monetary amounts owed by a Participant (or any other
individual claiming a benefit through the Participant) as a result of this Plan. 
 21. Unfunded Plan Status. The
Plan shall be unfunded and is intended to provide benefits to a select group of management and highly compensated employees. All payments pursuant to the Plan shall be made from the general funds of the Company and no special or separate fund shall
be established or other segregation of assets made to assure payment. No Participant or other person shall have under any circumstances any interest in any particular property or assets of the Company as a result of participating in the Plan.

 22. Plan Termination and Amendment. The Board reserves the right to amend or terminate the Plan at any time, in
its sole discretion, without prior notice to Participants. Any such amendment or termination shall be made by the Board or by action of a person or persons duly authorized by the Board. All Participants shall receive any benefits to which they have
become entitled under the Plan on or before the date the Plan terminates. 
  

  
 13

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