Document:

EX-10.2

 Exhibit 10.2 

Fogo de Chão, Inc. 

2015 Omnibus Incentive Plan 

  
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 Table of Contents 

 

							
	Article 1.		Establishment & Purpose		 	3	  
			
	Article 2.		Definitions		 	3	  
			
	Article 3.		Administration		 	7	  
			
	Article 4.		Eligibility and Participation		 	8	  
			
	Article 5.		Shares Subject to the Plan and Maximum Awards		 	8	  
			
	Article 6.		Stock Options		 	8	  
			
	Article 7.		Stock Appreciation Rights		 	10	  
			
	Article 8.		Restricted Stock and RSUs		 	10	  
			
	Article 9.		Other Stock-Based Awards; Cash-Based Awards		 	11	  
			
	Article 10.		Performance-Based Compensation		 	12	  
			
	Article 11.		Compliance with Section 409A of the Code and Section 457A of the Code		 	13	  
			
	Article 12.		Adjustments		 	14	  
			
	Article 13.		Duration, Amendment, Modification, Suspension and Termination		 	15	  
			
	Article 14.    		General Provisions		 	15	  

  
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 Fogo de Chão, Inc. 

2015 Omnibus Incentive Plan 
  

	Article 1.	Establishment & Purpose 

  

	1.1	Establishment. Fogo de Chão, Inc., a Delaware corporation (the “Company”), hereby establishes the Fogo de Chão, Inc. 2015 Omnibus Incentive Plan (the “Plan”).

  

	1.2	Purpose of the Plan. The purpose of the Plan is to attract, retain, motivate and reward officers, employees, non-employee directors and consultants providing services to the Company and its Subsidiaries
and Affiliates, to promote the success of the Company’s business by providing participants with appropriate incentives and to further the best interests of the Company and its shareholders. 

 

	Article 2.	Definitions 

 The following terms shall have the meanings set forth below: 

 

	2.1	“Affiliate” means any entity that the Company, either directly or indirectly, is in common control with, is controlled by or controls, or any entity in which the Company has a substantial equity interest,
direct or indirect; provided, however, to the extent that Awards must cover “service recipient stock” in order to comply with Section 409A of the Code, “Affiliate” shall be limited to those entities which could qualify as an
“eligible issuer” under Section 409A of the Code. 

  

	2.2	“Annual Award Limit” shall have the meaning set forth in Section 5.2. 

  

	2.3	“Award” means any Option, Stock Appreciation Right, Restricted Stock, RSU, Other Stock-Based Award or Cash-Based Award that is granted under the Plan. 

 

	2.4	“Award Agreement” means either: (a) a written agreement, contract or other instrument or document entered into by the Company and a Participant setting forth the terms and conditions applicable to an
Award, or (b) a written statement issued by the Company to a Participant describing the terms and conditions applicable to an Award. 

  

	2.5	“Beneficial Owner” or “Beneficial Ownership” shall have the meaning ascribed to such term in Rule 13d-3 of the General Rules and Regulations under the Exchange Act. 

 

	2.6	“Board” means the Board of Directors of the Company. 

  

	2.7	“Cash-Based Award” means any right granted under Section 9.2 of the Plan. 

  

	2.8	“Change of Control” unless otherwise specified in the Award Agreement, means the occurrence of any one or more of the following events: 

 

	 	(a)	 Any Person, other than Thomas H. Lee Partners, L.P., Thomas H. Lee Equity Fund VI, L.P., Thomas H. Lee Parallel Fund VI, L.P., Thomas H. Lee Parallel
(DT) Fund VI, L.P. or any affiliated fund, becomes the Beneficial Owner of, or has acquired during the twelve (12)-month period ending on the date of the most recent acquisition by such Person, thirty percent (30%) or more of the combined
voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of the members of the Board (the 

  
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“Outstanding Company Voting Securities”); provided, however, that for purposes of this Section 2.8, the following acquisitions shall not constitute a Change of
Control: (i) any acquisition directly from the Company, including without limitation, a public offering of securities; (ii) any acquisition by the Company or any of its Subsidiaries or Affiliates; (iii) any acquisition by any employee
benefit plan or related trust sponsored or maintained by the Company or any of its Subsidiaries or Affiliates; or (iv) any acquisition by any Person pursuant to a transaction which complies with clauses (i), (ii), and (iii) of Section
2.8(c). 

  

	 	(b)	During any period of 12 consecutive months, individuals who constitute the Board as of the Effective Date (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided,
that any individual becoming a member of the Board subsequent to the Effective Date whose election to the Board, or nomination for election by one or more of the Company’s shareholders, was approved by a vote of at least a majority of the
members of the Board then comprising the Incumbent Board, shall be considered as though such individual were a member of the Incumbent Board. 

  

	 	(c)	Consummation of a reorganization, merger, amalgamation, statutory share exchange, consolidation or like event to which the Company is a party or consummation of a transaction (or a series of transactions within a twelve
(12)-month period) that constitutes the sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), unless, following such Business Combination: (i) all or substantially all of the
individuals and entities who were the Beneficial Owners of Outstanding Company Voting Securities immediately prior to such Business Combination are the Beneficial Owners, directly or indirectly, of fifty percent (50%) or more of the combined
voting power of the outstanding voting securities entitled to vote generally in the election of directors (or election of members of a comparable governing body) of the entity resulting from the Business Combination (including, without limitation,
an entity which as a result of such transaction owns all or substantially all of the Company or all or substantially all of the Company’s assets either directly or through one or more Subsidiaries) (the “Successor Entity”);
(ii) no Person (excluding any Successor Entity or any employee benefit plan or related trust of the Company, such Successor Entity, or any of their Subsidiaries) is the Beneficial Owner, directly or indirectly, of thirty percent (30%) or
more of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors (or comparable governing body) of the Successor Entity, except to the extent that such ownership existed prior to the
Business Combination; or (iii) at least a majority of the members of the board of directors (or comparable governing body) of the Successor Entity were members of the Incumbent Board (including persons deemed to be members of the Incumbent
Board by reason of the proviso of Section 2.8(b)) at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or 

 

	 	(d)	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 

Notwithstanding the foregoing or any provision of any Award Agreement to the contrary, for any Award that provides for accelerated
distribution on a Change of Control of amounts that constitute “deferred compensation” (as defined in Section 409A of the Code), if the event that constitutes such Change of Control does not also constitute a change in the ownership
or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets (in either case, as defined in Section 409A of the Code), such amount shall not be distributed on such Change of Control but instead
shall vest as of the date of such Change of Control and shall be distributed on the scheduled distribution date specified in the applicable Award Agreement, except to the extent that earlier distribution would not result in the Participant who holds
such Award incurring interest or additional tax under Section 409A of the Code. 

  
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	2.9	“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time, and the rules, regulations and guidance promulgated thereunder. Any reference to a provision in the Code shall include any
successor provision thereto. 

  

	2.10	“Committee” means the Compensation Committee of the Board, the Plan Subcommittee of the Compensation Committee of the Board or any other committee or subcommittee designated by the Board to administer the
Plan. If the Board does not designate the Committee, references herein to the “Committee” shall refer to the Board. 

  

	2.11	“Company” shall have the meaning set forth in Section 1.1. 

  

	2.12	“Consultant” means any person who provides bona fide services to the Company or any Subsidiary or Affiliate as a consultant or advisor, excluding any Employee or Non-Employee Director. 

 

	2.13	“Covered Employee” means for any Plan Year, a Participant designated by the Company as a potential “covered employee” as such term is defined in Section 162(m) of the Code. 

 

	2.14	“Effective Date” shall have the meaning set forth in Section 14.18. 

  

	2.15	“Employee” means an officer or other employee of the Company, a Subsidiary or Affiliate, including a member of the Board who is an employee of the Company, a Subsidiary or Affiliate and individuals who have
accepted a written offer of employment with the Company, a Subsidiary or Affiliate. 

  

	2.16	“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and the rules, regulations and guidance thereunder. Any reference to a provision in the Exchange Act shall include any
successor provision thereto. 

  

	2.17	“Fair Market Value” means, as of any date, the per Share value determined as follows, in accordance with applicable provisions of Section 409A of the Code: 

 

	 	(a)	At the Committee’s discretion, any of (i) the average of the high and low trading price on a specified date, (ii) the average of the high and low trading price for the preceding 30 days, (iii) the
closing price, in each case, as reported on NASDAQ Global Select Market or any other recognized national exchange or any established over-the-counter trading system on which dealings take place, or, if no trades were made on any such day, the
immediately preceding day on which trades were made or (iv) as otherwise reasonably determined by the Committee in good faith based on actual transactions in Shares; or 

 

	 	(b)	In the absence of an established market for the Shares of the type described in (a) above, the per Share Fair Market Value thereof shall be determined by the Committee in good faith. 

 

	2.18	“Incentive Stock Option” means an Option intended to meet the requirements of an incentive stock option as defined in Section 422 of the Code and designated as an Incentive Stock Option.

  

	2.19	“Non-Employee Director” means a person defined in Rule 16b-3(b)(3) promulgated by the Securities and Exchange Commission under the Exchange Act, or any successor definition adopted by the Securities and
Exchange Commission. 

  

	2.20	“Nonqualified Stock Option” means an Option that is not an Incentive Stock Option. 

  
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	2.21	“Option” means any stock option representing the right to purchase Shares from the Company granted under Article 6 of the Plan. 

 

	2.22	“Option Price” means the purchase price per Share subject to an Option, as determined pursuant to Section 6.2 of the Plan. 

 

	2.23	“Other Stock-Based Award” means any right granted under Section 9.1 of the Plan. 

  

	2.24	“Outside Director” means a member of the Board who is an “outside director” within the meaning of Section 162(m) of the Code and the regulations promulgated thereunder. 

 

	2.25	“Participant” means any eligible person as set forth in Section 4.1 to whom an Award is granted under the Plan. 

  

	2.26	“Performance-Based Compensation” means compensation under an Award that is intended to constitute “qualified performance-based compensation” within the meaning of the regulations promulgated under
Section 162(m) of the Code or any successor provision. 

  

	2.27	“Performance Measures” means measures as described in Section 10.2 on which the performance goals are based in order to qualify Awards as Performance-Based Compensation. 

 

	2.28	“Performance Period” means the period of time established by the Committee at the time any Performance-Based Compensation is granted or at any time thereafter during which the performance goals specified by
the Committee must be met in order to determine the degree of payout and/or vesting with respect to such Award. 

  

	2.29	“Person” shall have 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 a “group” as defined in Section 13(d)
thereof. 

  

	2.30	“Plan” shall have the meaning set forth in Section 1.1. 

  

	2.31	“Plan Year” means the applicable fiscal year of the Company. 

  

	2.32	“Restricted Stock” means any Award of a Share granted under Article 8 of the Plan. 

  

	2.33	“Restriction Period” means the period during which Restricted Stock awarded under Article 8 of the Plan is subject to forfeiture. 

 

	2.34	“RSU” means a contractual right granted under Article 8 of the Plan that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage or other portion of such value)
in cash, Shares or a combination thereof. 

  

	2.35	“Service” means service as an Employee, Non-Employee Director or Consultant. 

  

	2.36	“Share” means a share of common stock of the Company, par value $0.01 per share, or such other class or kind of shares or other securities resulting from the application of Article 12 hereof.

  

	2.37	“Stock Appreciation Right” means any right granted under Article 7 of the Plan to receive upon exercise by a Participant or settlement, in cash, Shares or a combination thereof, the excess of (i) the Fair
Market Value of one Share on the date of exercise or settlement over (ii) the exercise or hurdle price of the right on the date of grant, or if granted in connection with an Option, on the date of grant of the Option. 

  
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	2.38	“Subsidiary” means any corporation, partnership, limited liability company or other legal entity of which the Company, directly or indirectly, owns stock or other equity interests possessing fifty percent
(50%) or more of the total combined voting power of all classes of stock or other equity interests (as determined in a manner consistent with Section 409A of the Code, if applicable). 

 

	2.39	“Ten Percent Shareholder” means a person who, on any given date, owns, either directly or indirectly (taking into account the attribution rules contained in Section 424(d) of the Code), stock possessing
more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or a Subsidiary or Affiliate. 

  

	Article 3.	Administration 

  

	3.1	Authority of the Committee. The Plan shall be administered by the Committee, which shall have full power to (a) interpret and administer the Plan and Award Agreements, (b) select the Employees,
Non-Employee Directors and Consultants to whom Awards will be granted, (c) determine the type and amount of Awards to be granted to each such Employee, Non-Employee Director or Consultant and (d) determine the terms and conditions of
Awards and Award Agreements. Without limiting the generality of the foregoing, the Committee may, in its sole discretion but subject to the limitations in Article 13, clarify, construe or resolve any ambiguity in any provision of the Plan or any
Award Agreement, extend the term or period of exercisability of any Awards, in circumstances in which it deems such action to be appropriate (provided that no such extension shall extend the term of an Option or Stock Appreciation Right beyond the
date on which the Option or Stock Appreciation Right would have expired if no termination of the Employee’s employment had occurred), or waive any terms or conditions applicable to any Award. The Committee shall have full and exclusive
discretionary power to adopt rules, forms, instruments, and guidelines for administering the Plan as the Committee deems necessary or proper. Notwithstanding anything in this Section 3.1 to the contrary, the Board, or any other committee or
subcommittee established by the Board, is hereby authorized (in addition to any necessary action by the Committee) to grant or approve Awards as necessary to satisfy the requirements of Section 16 of the Exchange Act and the rules and
regulations thereunder and to act in lieu of the Committee with respect to Awards made to Non-Employee Directors under the Plan. All actions taken and all interpretations and determinations made by the Committee or by the Board (or any other
committee or subcommittee thereof), as applicable, shall be final and binding upon the Participants, the Company, and all other interested individuals. 

  

	3.2	Delegation. The Committee may delegate to one or more of its members, one or more officers of the Company or any of its Subsidiaries or Affiliates, and one or more agents or advisors such administrative
duties or powers as it may deem advisable; provided, that the Committee shall not delegate to officers of the Company or any of its Subsidiaries or Affiliates the power to make grants of Awards to officers of the Company or any of its
Subsidiaries or Affiliates; provided, further, that no delegation shall be permitted under the Plan that is prohibited by applicable law. 

  

	3.3	Indemnification. To the maximum extent permitted by applicable law and the Certificate of Incorporation and By-Laws of the Company and to the extent not covered by insurance directly insuring such person,
each officer or employee of the Company or any Affiliate and member or former member of the Committee or the Board shall be indemnified and held harmless by the Company against any cost or expense (including reasonable fees of counsel reasonably
acceptable to the Committee) or liability (including any sum paid in settlement of a claim with the approval of the Committee), and advanced amounts necessary to pay the foregoing at the earliest time and to the fullest extent permitted, arising out
of any act or omission to act in connection with the administration of the Plan, except to the extent arising out of such officer’s, employee’s, member’s or former member’s fraud or bad faith. Such indemnification shall be in
addition to any rights of indemnification the officers, employees, directors or members or former officers, directors or members may have under applicable law or under the Certificate of Incorporation or By-Laws of the Company or any Affiliate.
Notwithstanding any provision herein, this indemnification will not apply to the actions or determinations made by an individual with regard to Awards granted to him or her under the Plan. 

  
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	Article 4.	Eligibility and Participation 

  

	4.1	Eligibility. Participants will consist of such Employees, Non-Employee Directors and Consultants as the Committee in its sole discretion determines and whom the Committee may designate from time to time to
receive Awards. Designation of a Participant in any year shall not require the Committee to designate such person to receive an Award in any other year or, once designated, to receive the same type or amount of Award as granted to the Participant in
any other year. 

  

	4.2	Type of Awards. Awards under the Plan may be granted in any one or a combination of: (a) Options, (b) Stock Appreciation Rights, (c) Restricted Stock, (d) RSUs, (e) Other
Stock-Based Awards, and (f) Cash-Based Awards. The Plan sets forth the types of performance goals and procedural requirements to permit the Company to design Awards that qualify as Performance-Based Compensation, as described in Article 10
hereof. Awards granted under the Plan shall be evidenced by Award Agreements (which need not be identical) that provide additional terms and conditions associated with such Awards, as determined by the Committee in its sole discretion;
provided, however, that in the event of any conflict between the provisions of the Plan and any such Award Agreement, the provisions of the Plan shall prevail. 

 

	Article 5.	Shares Subject to the Plan and Maximum Awards 

  

	5.1	General. Subject to adjustment as provided in Article 12 hereof, the maximum number of Shares available for issuance to Participants pursuant to Awards under the Plan shall be 1,200,000 Shares (the
“Share Reserve”). The maximum number of Shares available for granting Incentive Stock Options under the Plan shall be 1,000,000 Shares, subject to Article 12 hereof and the provisions of Sections 422 or 424 of the Code and any successor
provisions. The Shares available for issuance under the Plan may consist, in whole or in part, of authorized and unissued Shares or treasury Shares. Each Share subject to an Award shall reduce the Share Reserve by one Share; provided that
Awards that are required to be paid in cash pursuant to their terms shall not reduce the Share Reserve. 

  

	5.2	Annual Award Limits. The maximum number of Shares with respect to Awards denominated in Shares that may be granted to any Employee or Consultant in any Plan Year shall be 210,000 Shares, and the maximum
number of Shares with respect to Awards denominated in Shares that may be granted to any Non-Employee Director in any Plan Year shall be 210,000 Shares, in each case subject to adjustments made in accordance with Article 12 hereof (the “Annual
Award Limit”). Notwithstanding the foregoing, the maximum number of Options that may be granted to any Employee, Non-Employee Director or Consultant in any Plan Year shall be 210,000, and the maximum number of Stock Appreciation Rights that may
be granted to any Employee, Non-Employee Director or Consultant in any Plan Year shall be 210,000. The maximum value of cash payable with respect to Awards denominated in cash or property that may be granted to any Participant in any Plan Year shall
be $400,000. 

  

	5.3	Additional Shares. In the event that any outstanding Award expires, is forfeited, cancelled or otherwise terminated without the issuance of Shares or is otherwise settled in cash, the Shares subject to
such Award, to the extent of any such forfeiture, cancellation, expiration, termination or settlement in cash, shall again be available for Awards. 

  

	Article 6.	Stock Options 

  

	6.1	 Grant of Options. The Committee is hereby authorized to grant Options to Participants. Each Option shall permit a Participant to
purchase from the Company a stated number of Shares at an Option Price established by the Committee, subject to the terms and conditions described in this Article 6 and to such additional terms and conditions, as established by the Committee, in its
sole discretion, that are consistent with the provisions of the Plan. Options shall be designated as either Incentive Stock Options or Nonqualified Stock Options; provided, that Options granted to
Non-

  
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Employee Directors and Consultants shall be Nonqualified Stock Options. None of the Committee, the Company, any of its Subsidiaries or Affiliates, or any of their employees and representatives
shall be liable to any Participant or to any other Person if it is determined that an Option intended to be an Incentive Stock Option does not qualify as an Incentive Stock Option. Each Option shall be evidenced by an Award Agreement which shall
state the number of Shares covered by such Option, the Option Price, the performance, employment or other conditions (including the termination of a Participant’s Service whether due to death, disability or other reason) under which the Option
may be forfeited to the Company and such other provisions as the Committee shall determine. Such Award Agreement shall conform to the requirements of the Plan, and may contain such other provisions as the Committee shall deem advisable.

  

	6.2	Option Price. The Option Price shall be determined by the Committee at the time of grant of such Option, but shall not be less than one-hundred percent (100%) of the Fair Market Value of a Share on
the date of grant. In the case of any Incentive Stock Option granted to a Ten Percent Shareholder, the Option Price shall not be less than one-hundred-ten percent (110%) of the Fair Market Value of a Share on the date of grant.

  

	6.3	Option Term. The term of each Option shall be determined by the Committee at the time of grant of such Option and shall be stated in the Award Agreement, but in no event shall such term be greater than ten
(10) years (or, in the case on an Incentive Stock Option granted to a Ten Percent Shareholder, five (5) years). 

  

	6.4	Time of Exercise. Options granted under this Article 6 shall be exercisable based on the terms and conditions as the Committee shall in each instance approve, which terms and conditions need not be the
same for each grant or for each Participant. 

  

	6.5	Method of Exercise. Subject to such terms and conditions as specified in an Award Agreement, an Option may be exercised in whole or in part at any time during the term thereof by notice in the form
required by the Company, together with payment of the aggregate exercise price and applicable withholding tax. Payment of the exercise price shall be made: (a) in cash or by cash equivalent acceptable to the Committee, or, to the extent
permitted by the Committee in its sole discretion or (b) (i) in Shares owned by the Participant (for which the Participant has good title free and clear of any liens and encumbrances) valued at the Fair Market Value of such Shares on the
date of exercise (as determined by the Committee, in its sole discretion), (ii) solely to the extent permitted by applicable law, if there is a public market for the Shares at such time, through an open-market, broker-assisted sales transaction
pursuant to which the Company is promptly delivered the amount of proceeds necessary to satisfy the exercise price, (iii) by reducing the number of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a
Fair Market Value on the date of exercise equal to the exercise price, (iv) by a combination of the methods described above or (v) by such other method as may be approved by the Committee. 

 

	6.6	 Limitations on Incentive Stock Options. Incentive Stock Options may be granted only to employees of the Company or of a “parent
corporation” or “subsidiary corporation” (as such terms are defined in Section 424 of the Code) at the date of grant. If the aggregate Fair Market Value (generally determined as of the time the Option is granted) of the Shares
with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year under all plans of the Company and of any “parent corporation” or “subsidiary corporation” exceeds one
hundred thousand dollars ($100,000), the portion of such Incentive Stock Options exercisable for such excess value shall be treated as Nonqualified Stock Options. For purposes of the preceding sentence, Incentive Stock Options will be taken into
account generally in the order in which they are granted. An Award of an Incentive Stock Option may provide that such Stock Option may be exercised not later than three (3) months following termination of employment of the Participant with the
Company and all Affiliates or not later than one year following a permanent and 

  
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total disability within the meaning of Section 22(e)(3) of the Code, as and to the extent determined by the Committee in its sole discretion to comply with the requirements of
Section 422 of the Code. Each provision of the Plan and each Award Agreement relating to an Incentive Stock Option shall be construed so that each Incentive Stock Option shall be an incentive stock option as defined in Section 422 of the
Code, and any provisions of the Award Agreement thereof that cannot be so construed shall be disregarded; provided, however, to the extent any Option (or portion thereof) granted as an Incentive Stock Option fails to qualify as an
Incentive Stock Option, such Option (or portion thereof) shall be treated as a Nonqualified Stock Option. 

  

	6.7	Performance Goals. The Committee may condition the grant of Options or the vesting of Options upon the Participant’s achievement of one or more performance goal(s) (including the Participant’s
provision of Services for a designated time period), as specified in the Award Agreement. If the Participant fails to achieve the specified performance goal(s), the Committee shall not grant the Option to such Participant or the Option shall not
vest, as applicable. 

  

	Article 7.	Stock Appreciation Rights 

  

	7.1	Grant of Stock Appreciation Rights. The Committee is hereby authorized to grant Stock Appreciation Rights to Participants. Stock Appreciation Rights shall be evidenced by Award Agreements that shall
conform to the requirements of the Plan and may contain such other provisions as the Committee shall deem advisable. Stock Appreciation Rights may be granted under the Plan to Participants either alone (“freestanding”) or in addition to
other Awards granted under the Plan (“tandem”) and may, but need not, relate to a specific Option granted under Article 6. Subject to the terms of the Plan and any applicable Award Agreement, a Stock Appreciation Right granted under the
Plan shall confer on the holder thereof a right to receive, upon exercise thereof, the excess of (a) the Fair Market Value of a specified number of Shares on the date of exercise over (b) the grant price of the right as specified by the
Committee on the date of the grant. Such payment may be in the form of cash, Shares, other property or any combination thereof, as the Committee shall determine in its sole discretion. 

 

	7.2	Terms of Stock Appreciation Right. Subject to the terms of the Plan and any applicable Award Agreement, the grant price (which shall not be less than one-hundred percent (100%) of the Fair Market
Value of a Share on the date of grant), term, methods of exercise, methods of settlement, and any other terms and conditions of any Stock Appreciation Right shall be as determined by the Committee. The Committee may impose such other conditions or
restrictions on the exercise of any Stock Appreciation Right as it may deem appropriate. No Stock Appreciation Right shall have a term of more than ten (10) years from the date of grant. 

 

	Article 8.	Restricted Stock and RSUs 

  

	8.1	Grant of Restricted Stock and RSUs. The Committee is authorized to grant Awards of Restricted Stock and RSUs. Awards of Restricted Stock and RSUs shall be evidenced by an Award Agreement, which shall
conform to the requirements of the Plan and may contain such other provisions, as the Committee may deem advisable. Shares of Restricted Stock are subject to forfeiture upon the occurrence of specified events. 

 

	8.2	 Terms of Restricted Stock and RSU Awards. Each Award Agreement shall specify the vesting schedule, and, with respect to RSUs, the
schedule for delivering the underlying Shares (which may include delivery on a date or dates that are later than the vesting date or dates), the number of Shares subject to the Award, the performance, employment or other conditions (including the
termination of a Participant’s Service whether due to death, disability or other reason) under which the Restricted Stock or RSU may be forfeited to the Company and such other provisions as the Committee shall determine. At the end of the
Restriction Period, assuming satisfaction of the applicable performance, employment or other conditions, (i) the restrictions imposed hereunder 

  
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and under the Award Agreement shall lapse with respect to the number of Shares of Restricted Stock as determined by the Committee, and the legend shall be removed and such number of Shares
delivered to the Participant (or, where appropriate, the Participant’s legal representative) and (ii) the Shares underlying the grant of RSUs will be delivered to the Participant on the applicable schedule. 

 

	8.3	Voting and Dividend Rights. Unless otherwise provided in an Award Agreement, Participants shall have none of the rights of a stockholder of the Company with respect to Restricted Stock until the end of the
Restriction Period; provided, that the Committee shall determine and set forth in a Participant’s Award Agreement whether or not a Participant holding Restricted Stock granted hereunder shall have the right to exercise voting rights with
respect to the Restricted Stock during the Restriction Period (the Committee may require a Participant to grant an irrevocable proxy and power of substitution). Participants shall have no right to receive dividends, dividend equivalents or other
distributions on a current basis with respect to Awards of Restricted Stock or RSUs during the Restriction Period. 

  

	8.4	Performance Goals. The Committee may condition (i) the grant of Restricted Stock or RSUs or (ii) the expiration of the Restriction Period upon the Participant’s achievement of one or more
performance goal(s) (including the Participant’s provision of Services for a designated time period), as specified in the Award Agreement. If the Participant fails to achieve the specified performance goal(s), the Committee shall not grant the
Restricted Stock or RSUs to such Participant or the Participant shall forfeit the Award of Restricted Stock or RSUs to the Company, as applicable. 

  

	8.5	Evidence of Restricted Stock. Any Share of Restricted Stock granted under the Plan shall be evidenced in such manner as the Committee may deem appropriate, including book-entry registration or issuance of
a stock certificate or certificates (in which case, the certificate(s) representing such Shares shall be legended as to sale, transfer, assignment, pledge or other encumbrances during the Restriction Period and deposited by the Participant, together
with a stock power endorsed in blank, with the Company, to be held in escrow during the Restriction Period). 

  

	8.6	Section 83(b) Election. If a Participant makes an election pursuant to Section 83(b) of the Code with respect to an Award of Restricted Stock, the Participant shall, to the extent required, file
promptly a copy of such election with the Company and the applicable Internal Revenue Service office. 

  

	Article 9.	Other Stock-Based Awards; Cash-Based Awards 

  

	9.1	Other Stock-Based Awards. The Committee, in its sole discretion, may grant Awards of Shares and Awards that are valued, in whole or in part, by reference to, or are otherwise based on the Fair Market Value
of Shares (“Other Stock-Based Awards”), including, without limitation, phantom awards. Such Other Stock-Based Awards shall be in such form, and dependent on such conditions, as the Committee shall determine, including, without limitation,
the right to receive one or more Shares (or the equivalent cash value of such Shares) upon the completion of a specified period of Service, the occurrence of an event and/or the attainment of performance objectives. Other Stock-Based Awards may be
granted alone or in addition to any other Awards granted under the Plan. Subject to the provisions of the Plan, the Committee shall determine to whom and when Other Stock-Based Awards will be made, the number of Shares to be awarded under (or
otherwise related to) such Other Stock-Based Awards, whether such Other Stock-Based Awards shall be settled in cash, Shares or a combination of cash and Shares, and all other terms and conditions of such Awards (including, without limitation, the
vesting provisions thereof and provisions ensuring that all Shares so awarded and issued shall be fully paid and non-assessable). 

  

	9.2	 Dollar Denominated Awards. The Committee, in its sole discretion, may grant Awards that have a value set by the Committee
(“Cash-Based Awards”). Such Cash-Based Awards shall be in such 

  
 Page 11 of 19 

	 	
form, and dependent on such conditions, as the Committee shall determine, including, without limitation, the right to receive cash or one or more Shares upon the completion of a specified period
of Service, the occurrence of an event and/or the attainment of performance objectives. Cash-Based Awards may be granted alone or in addition to any other Awards granted under the Plan. Subject to the provisions of the Plan, the Committee shall
determine to whom and when Cash-Based Awards will be made and all other terms and conditions of such Awards. 

  

	Article 10.	Performance-Based Compensation 

  

	10.1	Grant of Performance-Based Compensation. To the extent permitted by Section 162(m) of the Code, the Committee is authorized to design any Award so that the amounts or Shares payable or distributed
pursuant to such Award are treated as “qualified performance-based compensation” within the meaning of Section 162(m) of the Code and related regulations. 

 

	10.2	Performance Measures. The vesting, crediting and/or payment of Performance-Based Compensation shall be based on the achievement of objective performance goals based on a pre-established formula that
includes one or more of the following Performance Measures: (a) consolidated earnings before or after taxes (including earnings before interest, taxes, depreciation and amortization (“EBITDA”)); (b) net income before or after
taxes; (c) operating income; (d) earnings per Share; (e) book value per Share; (f) return on shareholders’ equity; (g) expense management; (h) return on investment; (i) improvements in capital structure;
(j) profitability of an identifiable business unit or product; (k) maintenance or improvement of profit margins; (l) stock price; (m) market share; (n) revenues or sales; (o) costs; (p) cash flow (including, but
not limited to, operating cash flow and free cash flow); (q) working capital; (r) return on assets; (s) attainment of objectives relating to store remodels or repair and maintenance; (t) staff training; (u) corporate social
responsibility policy implementation; (v) economic value added; (w) debt reduction; (x) completion of acquisitions or divestitures; (y) operating efficiency; (z) sales per square foot; (aa) revenue mix; (bb) capital
expenditures versus budgeted expenditures (total, exclusive of IT/Games, or maintenance only); (cc) operating income; (dd) income from franchise units; (ee) unit-level EBITDA less general and administrative expenses; (ff) manager’s operating
contribution; (gg) regional operating contribution; (hh) profitability of various revenue streams; (ii) cash flow per Share (before and after dividends or before and after debt payments); (jj) total shareholder return (relative to industry/peer
group and/or absolute); (kk) lease executions; (ll) franchise unit growth; (mm) employee turnover/retention (for entire population or a subset of employee population); (nn) employee satisfaction; (oo) guest satisfaction (overall and/or specific
metrics); (pp) guest traffic; (qq) guest loyalty (including but not limited to participation and satisfaction); (rr) attainment of strategic and operational initiatives (MBOs); (ss) marketing/brand awareness scores; (tt) third-party
operational/compliance audits; (uu) balanced scorecard; (vv) culinary product pipeline goals; (ww) guest experience; (xx) inventory turnover; (yy) brand positioning goals; (zz) comparable store sales (aaa) return on invested capital; (bbb)
new store openings; (ccc) development pipeline goals; (ddd) attainment of objectives relating to acquisitions or divestitures; (eee) attainment of specified business expansion goals; and (fff) expansion of specified programs or initiatives.

 Any Performance Measure may be (i) used to measure the performance of the Company and/or any of its Subsidiaries or
Affiliates as a whole, any business unit thereof or any combination thereof against any goal including past performance or (ii) compared to the performance of a group of comparable companies, or a published or special index, in each case that
the Committee, in its sole discretion, deems appropriate. Subject to Section 162(m) of the Code, the Committee may adjust the performance goals (including to prorate goals and payments for a partial Plan Year) in consideration of the following:
(a) the effects of changes in accounting standards or principles and in tax rules or regulations; (b) extraordinary gains and losses; (c) any costs and/or expenses attributable to an acquisition, including those related to the
negotiation, completion and/or integration of an acquisition, incurred during the Plan Year; (d) any costs related to the purchase accounting step up in the basis of tangible or intangible assets not classified as depreciation or

  
 Page 12 of 19 

 
amortization; (e) any costs and/or expenses associated with the sale or separation (or attempted sale or separation) of a business in the Plan Year; (f) the reported results of an
acquisition completed in the Plan Year; (g) any costs and/or expenses attributable to a financing transaction; (h) any costs related to the opening and organizing of new restaurants; and (i) any significant or non-recurring items.

  

	10.3	Establishment of Performance Goals for Covered Employees. No later than ninety (90) days after the commencement of a Performance Period (but in no event after twenty-five percent of such Performance
Period has elapsed), the Committee shall establish in writing with respect to Covered Employees: (a) the performance goals applicable to the Performance Period; (b) the Performance Measures to be used to measure the performance goals in
terms of an objective formula or standard; (c) the formula for computing the amount of compensation payable to the Participant if such performance goals are obtained; and (d) the Participants or class of Participants to which such
performance goals apply. The outcome of such performance goals must be substantially uncertain when the Committee establishes the goals. 

  

	10.4	Adjustment of Performance-Based Compensation. Awards that are designed to qualify as Performance-Based Compensation may not be adjusted upward. The Committee shall retain the discretion to adjust such
Awards downward, either on a formula or discretionary basis or any combination, as the Committee determines. 

  

	10.5	Certification of Performance. Other than for Options and Stock Appreciation Rights, no Award designed to qualify as Performance-Based Compensation shall be vested, credited or paid, as applicable, with
respect to any Participant until the Committee certifies in writing that the performance goals and any other material terms applicable to such Performance Period have been satisfied. 

 

	10.6	Interpretation. Each provision of the Plan and each Award Agreement relating to Performance-Based Compensation shall be construed so that each such Award shall be “qualified performance-based
compensation” within the meaning of Section 162(m) of the Code and related regulations, and any provisions of the Award Agreement thereof that cannot be so construed shall be disregarded. 

 

	Article 11.	Compliance with Section 409A of the Code and Section 457A of the Code 

  

	11.1	General. The Company intends that all Awards be structured in compliance with, or to satisfy an exemption from, Section 409A of the Code and all regulations, guidance, compliance programs and other
interpretative authority thereunder (“Section 409A”), such that there are no adverse tax consequences, interest, or penalties as a result of the Awards. Notwithstanding the Company’s intention, in the event any Award is subject to
Section 409A, the Committee may, in its sole discretion and without a Participant’s prior consent, amend the Plan and/or Awards, adopt policies and procedures, or take any other actions (including amendments, policies, procedures and
actions with retroactive effect) as are necessary or appropriate to (a) exempt the Plan and/or any Award from the application of Section 409A, (b) preserve the intended tax treatment of any such Award, or (c) comply with the
requirements of Section 409A, including without limitation any such regulations guidance, compliance programs and other interpretative authority that may be issued after the date of grant of an Award. 

 

	11.2	 Payments to Specified Employees. Notwithstanding any contrary provision in the Plan or Award Agreement, any payment(s) of nonqualified
deferred compensation (within the meaning of Section 409A) that are otherwise required to be made under the Plan to a “specified employee” (as defined under Section 409A) as a result of his or her separation from service (other
than a payment that is not subject to Section 409A) shall be delayed for the first six months following such separation from service (or, if earlier, the date of death of the specified employee) and shall instead be paid (in a

  
 Page 13 of 19 

 
manner set forth in the Award Agreement) on the payment date that immediately follows the end of such six-month period or as soon as administratively practicable within thirty (30) days
thereafter, but in no event later than the end of the applicable taxable year. 
  

	11.3	Separation from Service. A termination of employment shall not be deemed to have occurred for purposes of any provision of the Plan or any Award Agreement providing for the payment of any amounts or
benefits that are considered nonqualified deferred compensation under Section 409A upon or following a termination of employment, unless such termination is also a “separation from service” within the meaning of Section 409A and
the payment thereof prior to a “separation from service” would violate Section 409A. For purposes of any such provision of the Plan or any Award Agreement relating to any such payments or benefits, references to a
“termination,” “termination of employment” or like terms shall mean “separation from service.” 

  

	11.4	Section 457A. The Company intends that all Awards be structured in compliance with, or to satisfy an exemption from, Section 457A of the Code and all regulations, guidance, compliance programs
and other interpretative authority thereunder (“Section 457A”), such that there are no adverse tax consequences, interest, or penalties as a result of the Awards. Notwithstanding the Company’s intention, in the event any Award is
subject to Section 457A, the Committee may, in its sole discretion and without a Participant’s prior consent, amend the Plan and/or Awards, adopt policies and procedures, or take any other actions (including amendments, policies,
procedures and actions with retroactive effect) as are necessary or appropriate to (a) exempt the Plan and/or any Award from the application of Section 457A, (b) preserve the intended tax treatment of any such Award, or
(c) comply with the requirements of Section 457A, including without limitation any such regulations, guidance, compliance programs and other interpretative authority that may be issued after the date of the grant. 

 

	Article 12.	Adjustments 

  

	12.1	Adjustments in Authorized Shares. In the event of any corporate event or transaction involving the Company, a Subsidiary and/or an Affiliate (including, but not limited to, a change in the Shares of the
Company or the capitalization of the Company) such as a merger, consolidation, reorganization, recapitalization, separation, extraordinary stock dividend, stock split, reverse stock split, split up, spin-off, combination of Shares, exchange of
Shares, dividend in kind, extraordinary cash dividend, amalgamation, or other like change in capital structure (other than regular cash or stock dividends to shareholders of the Company), or any similar corporate event or transaction, the Committee,
to prevent dilution or enlargement of Participants’ rights under the Plan, shall, subject to compliance with Section 409A of the Code, substitute or adjust, in its sole discretion, the number and kind of Shares or other property that may
be issued under the Plan or under particular forms of Awards, the number and kind of Shares or other property subject to outstanding Awards, the Option Price, grant price or purchase price applicable to outstanding Awards, the Annual Award Limits,
and/or other value determinations applicable to the Plan or outstanding Awards; provided, however, that the number of Shares subject to any Award denominated in Shares shall always be a whole number. 

 

	12.2	 Change of Control. Upon the occurrence of a Change of Control after the Effective Date, unless otherwise specifically prohibited under
applicable laws or by the rules and regulations of any governing governmental agencies or national securities exchanges, or unless the Committee shall determine otherwise in the Award Agreement, the Committee is authorized (but not obligated) to
make adjustments to the terms and conditions of outstanding Awards, including without limitation the following (or any combination thereof): (a) continuation or assumption of such outstanding Awards under the Plan by the Company (if it is the
surviving company or corporation) or by the surviving company or corporation or its parent; (b) substitution by the surviving company or corporation or its parent of awards with substantially the same terms for such outstanding Awards;
(c) accelerated exercisability, vesting and/or lapse of restrictions under outstanding Awards 

  
 Page 14 of 19 

	 	
immediately prior to the occurrence of such event; (d) upon written notice, provide that any outstanding Awards must be exercised, to the extent then exercisable, during a reasonable period
of time immediately prior to the scheduled consummation of the event, or such other period as determined by the Committee (contingent upon the consummation of the event), and at the end of such period, such Awards shall terminate to the extent not
so exercised within the relevant period; and (e) cancellation of all or any portion of outstanding Awards for fair value (as determined in the sole discretion of the Committee and which may be zero) which, in the case of Options and Stock
Appreciation Rights or similar Awards, if the Committee so determines, may equal the excess, if any, of the value of the consideration to be paid in the Change of Control transaction to holders of the same number of Shares subject to such Awards
(or, if no such consideration is paid, Fair Market Value of the Shares subject to such outstanding Awards or portion thereof being cancelled) over the aggregate Option Price or grant price, as applicable, with respect to such Awards or portion
thereof being cancelled (which may be zero). 

  

	Article 13.	Duration, Amendment, Modification, Suspension and Termination 

  

	13.1	Duration of the Plan. No Award shall be granted under the Plan after the earliest to occur of (a) the tenth anniversary of the Effective Date, (b) the maximum number of Shares available for
issuance under the Plan have been issued or (c) the Plan is terminated in accordance with Section 13.2. However, unless otherwise expressly granted in the Plan or in an applicable Award Agreement, any Award theretofore granted may extend beyond
such date, and the authority of the Committee to amend, alter, adjust, suspend, discontinue or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority of the Committee to amend the Plan, shall extend
beyond such date. 

  

	13.2	Amendment, Modification, Suspension and Termination of Plan. The Committee may amend, alter, suspend, discontinue, or terminate (for purposes of this Section 13.2, an “Action”) the Plan or
any portion thereof or any Award (or Award Agreement) thereunder at any time; provided, that no such Action shall be made, other than as permitted under Article 11 or 12, (a) without shareholder approval (i) if such approval is
necessary to comply with any tax or regulatory requirement applicable to the Plan, (ii) if such Action increases the number of Shares available under the Plan (other than an increase permitted under Article 5 absent shareholder approval),
(iii) if such Action results in a material increase in benefits permitted under the Plan (but excluding increases that are immaterial or that are minor and to benefit the administration of the Plan, to take account of any changes in applicable
law, or to obtain or maintain favorable tax, exchange, or regulatory treatment for the Company, a Subsidiary, and/or an Affiliate) or a change in eligibility requirements under the Plan, or (iv) for any Action that results in a reduction of the
Option Price or grant price per Share, as applicable, of any outstanding Options or Stock Appreciation Rights or cancellation of any outstanding Options or Stock Appreciation Rights in exchange for cash, or for other Awards, such as other Options or
Stock Appreciation Rights, with an Option Price or grant price per Share, as applicable, that is less than such price of the original Options or Stock Appreciation Rights, and (b) without the written consent of the affected Participant, if such
Action would materially adversely affect the rights of any Participant under any Award theretofore granted to such Participant. Notwithstanding the foregoing, the Committee may amend the Plan, any Award or any Award Agreement without the consent of
the Participant in such manner as it deems necessary to comply with applicable laws, including without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act. 

 

	Article 14.	General Provisions 

  

	14.1	 No Right to Service. The granting of an Award under the Plan shall impose no obligation on the Company, any Subsidiary or any Affiliate
to continue the Service of a Participant and shall not lessen or affect any right that the Company, any Subsidiary or any Affiliate may have to terminate the Service of such Participant. No Participant or other Person shall have any claim to be
granted 

  
 Page 15 of 19 

	 	
any Award, and there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s
determinations and interpretations with respect thereto need not be the same with respect to each Participant (whether or not such Participants are similarly situated). 

 

	14.2	Settlement of Awards; Fractional Shares. Each Award Agreement shall establish the form in which the Award shall be settled. The Committee shall determine whether cash, Awards, other securities or other
property shall be issued or paid in lieu of fractional Shares or whether such fractional Shares or any rights thereto shall be rounded, forfeited or otherwise eliminated. 

 

	14.3	Tax Withholding. The Company shall have the power and the right to deduct or withhold automatically from any amount deliverable under the Award or otherwise, or require a Participant to remit to the
Company, the minimum statutory amount to satisfy federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of the Plan. With respect to required
withholding, Participants may elect (subject to the Company’s automatic withholding right set out above), subject to the approval of the Committee, to satisfy the withholding requirement, in whole or in part, by having the Company withhold
Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax that could be imposed on the transaction. 

  

	14.4	No Guarantees Regarding Tax Treatment. Participants (or their beneficiaries) shall be responsible for all taxes with respect to any Awards under the Plan. The Committee and the Company make no guarantees
to any Person regarding the tax treatment of Awards or payments made under the Plan. Neither the Committee nor the Company has any obligation to take any action to prevent the assessment of any tax on any Person with respect to any Award under
Section 409A of the Code or Section 457A of the Code or otherwise and none of the Company, any of its Subsidiaries or Affiliates, or any of their employees or representatives shall have any liability to a Participant with respect thereto.

  

	14.5	Non-Transferability of Awards. Unless otherwise determined by the Committee, an Award shall not be transferable or assignable by the Participant except in the event of his death (subject to the applicable
laws of descent and distribution) and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate. No transfer shall be permitted for value or
consideration. An award exercisable after the death of a Participant may be exercised by the heirs, legatees, personal representatives or distributees of the Participant. Any permitted transfer of the Awards to heirs, legatees, personal
representatives or distributees of the Participant shall not be effective to bind the Company unless the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem necessary to establish the
validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. 

  

	14.6	Conditions and Restrictions on Shares. The Committee may impose such other conditions or restrictions on any Shares received in connection with an Award as it may deem advisable or desirable. These
restrictions may include, but shall not be limited to, a requirement that the Participant hold the Shares received for a specified period of time or a requirement that a Participant represent and warrant in writing that the Participant is acquiring
the Shares for investment and without any present intention to sell or distribute such Shares. The certificates for Shares may include any legend which the Committee deems appropriate to reflect any conditions and restrictions applicable to such
Shares. 

  

	14.7	 Compliance with Law. The granting of Awards and the issuance of Shares under the Plan shall be subject to all applicable laws, rules,
and regulations, and to such approvals by any governmental agencies, or any stock exchanges on which the Shares are admitted to trading or listed, as may be required. The Company shall have no obligation to issue or deliver evidence of

  
 Page 16 of 19 

	 	
title for Shares issued under the Plan prior to: (a) obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and (b) completion of any
registration or other qualification of the Shares under any applicable national, state or foreign law or ruling of any governmental body that the Company determines to be necessary or advisable. The restrictions contained in this Section 14.7
shall be in addition to any conditions or restrictions that the Committee may impose pursuant to Section 14.6. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the
Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company, its Subsidiaries and Affiliates, and all of their employees and representatives of any liability in respect of the failure to
issue or sell such Shares as to which such requisite authority shall not have been obtained. 

  

	14.8	Awards to Non-U.S. Employees or Non-Employee Directors. To comply with the laws in countries other than the United States in which the Company or any of its Subsidiaries or Affiliates operates or has
Employees, Non-Employee Directors or Consultants, the Committee, in its sole discretion, shall have the power and authority to: 

  

	 	(a)	Determine which Subsidiaries or Affiliates shall be covered by the Plan; 

  

	 	(b)	Determine which Employees, Non-Employee Directors or Consultants outside the United States are eligible to participate in the Plan; 

  

	 	(c)	Modify the terms and conditions of any Award granted to Employees, Non-Employee Directors or Consultants who are not United States taxpayers to comply with applicable foreign laws; 

 

	 	(d)	Take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local government regulatory exemptions or approvals; and 

 

	 	(e)	Establish subplans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable. Any subplans and modifications to Plan terms and procedures established under
this Section 14.8 by the Committee shall be attached to this Plan document as appendices. 

  

	14.9	Rights as a Shareholder. Except as otherwise provided herein or in the applicable Award Agreement, a Participant shall have none of the rights of a shareholder with respect to Shares covered by any Award
until the Participant becomes the record holder of such Shares. 

  

	14.10	Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction, or as to any Person or Award, or would disqualify the Plan
or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Committee,
materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person, or Award, and the remainder of the Plan and any such Award shall remain in full force and effect. 

 

	14.11	Unfunded Plan. Participants shall have no right, title, or interest whatsoever in or to any investments that the Company or any of its Subsidiaries or Affiliates may make to aid it in meeting its
obligations under the Plan. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Company and any Participant, beneficiary,
legal representative, or any other Person. To the extent that any Person acquires a right to receive payments from the Company under the Plan, such right shall be no greater than the right of an unsecured general creditor of the Company. All
payments to be made hereunder shall be paid from the general funds of the Company and no special or separate fund shall be established and no segregation of assets shall be made to assure payment of such amounts. The Plan is not subject to the U.S.
Employee Retirement Income Security Act of 1974, as amended from time to time. 

  
 Page 17 of 19 

	14.12	No Constraint on Corporate Action. Nothing in the Plan shall be construed to (a) limit, impair, or otherwise affect the Company’s right or power to make adjustments, reclassifications,
reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets, or (b) limit the right or power of the Company to take any action
which such entity deems to be necessary or appropriate. 

  

	14.13	Successors. All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any successor to the Company, whether the existence of such successor is the result of
a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business or assets of the Company. 

  

	14.14	Governing Law; Jurisdiction; Waiver of Jury Trial. The Plan and each Award Agreement and all claims, causes of action or proceedings (whether in contract, in tort, at law or otherwise) that may be based
upon, arise out of or relate to the Plan and each Award Agreement shall be governed by the internal laws of the State of Delaware, excluding any conflicts or choice-of-law rule or principle that might otherwise refer construction or interpretation
of the Plan to the substantive law of another jurisdiction. Each Participant and each party to an Award Agreement agrees that it shall bring all claims, causes of action and proceedings (whether in contract, in tort, at law or otherwise) that may be
based upon, arise out of or be related to the Plan and each Award Agreement exclusively in the Delaware Court of Chancery or, in the event (but only in the event) that such court does not have subject matter jurisdiction over such claim, cause of
action or proceeding, exclusively in the United States District Court for the District of Delaware (the “ Chosen Court “), and hereby (i) irrevocably submits to the exclusive jurisdiction of the Chosen Court, (ii) waives any
objection to laying venue in any such proceeding in the Chosen Court, (iii) waives any objection that the Chosen Court is an inconvenient forum or does not have jurisdiction over any party and (iv) agrees that service of process upon such
party in any such claim or cause of action shall be effective if notice is given in accordance with an Award Agreement. EACH PARTICIPANT AND EACH PARTY TO AN AWARD AGREEMENT IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY CLAIM OR CAUSE OF
ACTION (WHETHER IN CONTRACT, IN TORT, AT LAW OR OTHERWISE) INSTITUTED BY OR AGAINST SUCH PARTY IN RESPECT OF ITS, HIS OR HER OBLIGATIONS HEREUNDER OR UNDER AN AWARD AGREEMENT. 

 

	14.15	Waiver of Certain Claims. By participating in the Plan, the Participant waives all and any rights to compensation or damages in consequence of the termination of his or her office or Service with the
Company, any Subsidiary or Affiliate for any reason whatsoever, whether lawfully or otherwise, insofar as those rights arise or may arise from his or her ceasing to have rights under the Plan as a result of such termination, or from the loss or
diminution in value of such rights or entitlements, including by reason of the operation of the terms of the Plan, any determination by the Board or Committee pursuant to a discretion contained in the Plan or any Award Agreement or the provisions of
any statute or law relating to taxation. 

  

	14.16	Data Protection. By participating in the Plan, the Participant consents to the collection, processing, transmission and storage by the Company in any form whatsoever, of any data of a professional or
personal nature which is necessary for the purposes of introducing and administering the Plan. The Company may share such information with any Subsidiary or Affiliate, the trustee of any employee benefit trust, its registrars, trustees, brokers,
other third-party administrator or any Person who obtains control of the Company or acquires the Company, undertaking or part-undertaking which employs the Participant, wherever situated. 

 

	14.17	 Compensation Recovery. If a Participant receives compensation pursuant to an Award based on financial statements that are subsequently
required to be restated in a way that would decrease the 

  
 Page 18 of 19 

	 	
value of such compensation, the Participant will, upon the written request of the Committee, in the Committee’s sole discretion, forfeit and repay to the Company the difference between what
the Participant received and what the Participant should have received based on the accounting restatement, in accordance with (a) the Company’s compensation recovery, “clawback” or similar policy, if any, as may be in effect
from time to time and (b) any compensation recovery, “clawback” or similar policy made applicable by law including the provisions of Section 945 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the rules,
regulations and requirements adopted thereunder by the Securities and Exchange Commission and/or any national securities exchange on which the Company’s equity securities may be listed. 

 

	14.18	Effective Date. The Plan shall be effective as of the later of (i) the date of adoption by the Board, which date is set forth below, and (ii) the effectiveness of the Registration
Statement on Form S-1 in connection with the Company’s initial public offering (the “Effective Date”). 

*     *     * 

This Plan was duly adopted and approved by the Board of Directors of the Company by resolution at a meeting held on the
         day of                     , 2015. 

  
 Page 19 of 19EX-10.12

 Exhibit 10.12 

FORM OF INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is made and entered into as of this
             day of             , 2015 by and between Fogo de Chão, Inc., formerly known as Brasa (Parent) Inc. (the
“Company”), a Delaware corporation, and             (“Indemnitee”). 

WHEREAS, the Company benefits by being part of an organization that includes the Brasa Entities (as hereinafter defined); 

WHEREAS, it is in the best interests of the Company that competent and experienced persons serve, and be willing to serve, as directors of the
Company and each of the other Brasa Entities; 
 WHEREAS, the Company has requested that Indemnitee serve or continue to serve as a director
of the Company and has requested that Indemnitee serve on one or more of the Company’s committees; 
 WHEREAS, Indemnitee is willing to
serve as a director of the Company, and as a director or in other capacities at one or more of the other Brasa Entities at the Company’s request, on the condition that he be indemnified by the Company for serving at the Company and such other
Brasa Entities that Indemnitee is requested to serve; 
 WHEREAS, in light of the litigation costs and risks to directors resulting from
their service to companies, and the desire of the Company to attract and retain qualified individuals to serve as directors of the Company and of the other Brasa Entities, it is reasonable, prudent and necessary for the Company to indemnify and
advance expenses on behalf of such individuals to the extent permitted by applicable law so that they will serve or continue to serve at the Company and each of the other Brasa Entities free from undue concern regarding such risks; and 

WHEREAS, Indemnitee may have certain rights to indemnification, advancement of expenses and/or insurance provided by the Designating
Stockholders (as hereinafter defined) (or their affiliates), which Indemnitee, the Company and the Designating Stockholders (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 of the Company; 

NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree
as follows: 
  

	1.	Services by Indemnitee. Indemnitee agrees to serve as a director of the Company and, at the Company’s request, as a member of one or more committees of the Company and as a director of one or more of the
other Brasa Entities. Indemnitee may at any time and for any reason resign from such position (subject to any contractual obligation under any other agreement or any obligation imposed by operation of law). 

	2.	Indemnification - General. On the terms and subject to the conditions of this Agreement, the Company shall indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, liabilities, losses,
costs, Expenses (as hereinafter defined) and other matters that may result from or arise in connection with Indemnitee’s Corporate Status (as hereinafter defined) and shall advance Expenses to Indemnitee, to the fullest extent permitted by
applicable law. The indemnification obligations of the Company under this Agreement (a) shall continue after such time as Indemnitee ceases to serve as a director of the Company or of any other Brasa Entity or in any other Corporate Status, and
(b) include, without limitation, claims for monetary damages against Indemnitee in respect of any alleged breach of fiduciary duty, to the fullest extent permitted under applicable law (including, if applicable, Section 145 of the Delaware
General Corporation Law) as in existence on the date hereof and as amended from time to time. 

  

	3.	Proceedings Other Than Proceedings by or in the Right of the Company. If by reason of Indemnitee’s Corporate Status Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding
(as hereinafter defined) other than a Proceeding by or in the right of the Company to procure a judgment in its favor, the Company shall indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all Expenses, liabilities,
judgments, penalties, fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such liabilities, judgments, penalties, fines and amounts paid in settlement)
reasonably incurred by Indemnitee or on behalf of Indemnitee in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in, or not opposed to, the
best interests of the Company and, with respect to any criminal Proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. 

  

	4.	Proceedings by or in the Right of the Company. If by reason of Indemnitee’s Corporate Status Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right of
the Company to procure a judgment in its favor, the Company shall indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection with such
Proceeding if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company; provided, however, that indemnification against such Expenses shall be made in
respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged by a court of competent jurisdiction to be liable to the Company only if (and only to the extent that) the Court of Chancery of the State of
Delaware (the “Delaware Court”) or the court in which such Proceeding shall have been brought or is pending shall determine that despite such adjudication of liability and in light of all circumstances such indemnification may be
made. 

  

	5.	 Mandatory Indemnification in Case of Successful Defense. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee
is, by reason of Indemnitee’s Corporate Status, a party to (or a participant in) and is successful, on the merits or otherwise, in defense of any Proceeding (including, without limitation, any Proceeding brought by or in the right of the
Company), the Company shall indemnify Indemnitee 

  
 - 2 - 

	 	
with respect to, and hold Indemnitee harmless from and against, all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection therewith. If Indemnitee is not wholly
successful in defense of such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company will indemnify Indemnitee against all Expenses reasonably incurred
by Indemnitee or on behalf of Indemnitee in connection with each claim, issue or matter resolved successfully on the merits or otherwise. For purposes of this Section 5 and without limitation, the termination of any claim, issue or matter in
such a Proceeding by dismissal, with or without prejudice, on substantive or procedural grounds, shall be deemed to be a successful resolution as to such claim, issue or matter. This provision is not intended to limit any other provision contained
herein or any other rights to indemnification to which the Indemnitee may be entitled. 

  

	6.	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 Expenses, liabilities, judgments, penalties,
fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such liabilities, judgments, penalties, fines and amounts paid in settlement) incurred by Indemnitee or
on behalf of Indemnitee in connection with a Proceeding or any claim, issue or matter therein, but not, however, for the total amount thereof, the Company shall indemnify Indemnitee for that portion thereof to which Indemnitee is entitled.

  

	7.	Indemnification for Additional Expenses Incurred to Secure Recovery or as Witness. 

  

	 	(a)	The Company will indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, any and all Expenses and, if requested by Indemnitee, will (within twenty (20) calendar days of such request)
advance such Expenses to Indemnitee, which are reasonably incurred by Indemnitee in connection with any action brought by Indemnitee for (i) indemnification or advance payment of Expenses by the Company under this Agreement, any other
agreement, the Certificate of Incorporation or By-laws of the Company as now or hereafter in effect; or (ii) recovery under any director and officer liability insurance policies maintained by any Brasa Entity to the fullest extent permitted by
law. 

  

	 	(b)	To the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, the Company will indemnify Indemnitee with respect to, and hold
Indemnitee harmless from and against, and the Company will advance, all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection therewith. 

 

	8.	Advancement of Expenses. 

  

	 	(a)	 The Company shall advance all Expenses reasonably incurred by or on behalf of Indemnitee in connection with the investigation, defense, settlement or
appeal of any Proceeding within twenty (20) calendar days after the receipt by the Company of a statement or statements from Indemnitee requesting such advance or 

  
 - 3 - 

	 	
advances from time to time, whether prior to or after final disposition of such Proceeding. Such advances shall, in all events, be (i) unsecured and interest free; and (ii) made without
regard to Indemnitee’s ability to repay the advances. 

  

	 	(b)	To obtain advancement of Expenses under this Agreement, Indemnitee shall submit to the Company a written request for advancement of Expenses and, to the extent required by applicable law, an unsecured written
undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be determined that Indemnitee is not entitled to be indemnified against such Expenses. Upon submission of such request for advancement of Expenses and
unsecured written undertaking, Indemnitee shall be entitled to advancement of Expenses as provided in this Section 8, and such advancement of Expenses shall continue until such time (if any) as there is a final judicial determination
that Indemnitee is not entitled to indemnification. 

  

	9.	Certain Agreements Related to Indemnification. 

  

	 	(a)	To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request for indemnification at such time as determined by Indemnitee in Indemnitee’s sole discretion.

  

	 	(b)	At any time after submission by Indemnitee of a request for indemnification pursuant to Section 9(a), either the Company or Indemnitee may petition the Delaware Court for resolution of any objection to such
request which may be made by the Company. The Company will pay any and all Expenses reasonably incurred in connection with the investigation and resolution of such issues. 

 

	 	(c)	Indemnitee shall have the sole right and obligation to control the defense or conduct of any claim or Proceeding with respect to Indemnitee with counsel chosen by such Indemnitee; provided, that Indemnitee will not
compromise or settle any claim or Proceeding, release any claim, or make any admission of fact, law, liability or damages with respect to any losses for which indemnification is sought hereunder without the prior written consent of the Company,
which consent shall not be unreasonably withheld. The Company will not, with respect to any person or entity, settle any claim or Proceeding, release any claim, or make any admission of fact, law or liability or damages, or assign, pledge or permit
any subrogation with respect to the foregoing, or permit any Brasa Entity to do any of the foregoing, to the extent such settlement, release, admission, assignment, pledge or subrogation in any way adversely affects Indemnitee or directly or
indirectly imposes any expense, liability, damages, debt, obligation or judgment on Indemnitee. 

  

	 	(d)	 The parties intend and agree that, to the extent permitted by law, in connection with any determination with respect to entitlement to indemnification
hereunder: (i) it will be presumed that Indemnitee is entitled to indemnification under this Agreement, and that the Company or any other person or entity challenging such right will have the burden of proof to overcome that presumption in
connection 

  
 - 4 - 

	 	
with the making by any person, persons or entity of any determination contrary to that presumption; (ii) 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; (iii) 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 of the Company, or on the advice of legal
counsel 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 (iv) 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. The
provisions of this Section 9(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement.

  

	 	(e)	Indemnitee agrees to notify the Company promptly upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to
indemnification or advancement of Expenses covered hereunder; provided, however, that any failure of Indemnitee to so notify the Company will not relieve the Company of any obligation which it may have to Indemnitee under this
Agreement or otherwise. If at the time of receipt of any such request for indemnification or notice the Company has director and officer insurance policies in effect, the Company will promptly notify the relevant insurers in accordance with the
procedures and requirements of such policies. 

  

	10.	Other Rights of Recovery; Insurance; Subrogation, etc. 

  

	 	(a)	 The rights of indemnification and to receive advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights
to which Indemnitee may at any time be entitled under applicable law, under any of the Brasa Entities’ Certificates of Incorporation or By-Laws, or under any other agreement, vote of stockholders or resolution of directors of any of the Brasa
Entities, or otherwise. Indemnitee’s rights under this Agreement are present contractual rights that fully vest upon Indemnitee’s first service as a director or officer of the Company. No amendment, alteration or repeal of this Agreement
or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or repeal. To the
extent that a change in the General Corporation Law of the State of Delaware 

  
 - 5 - 

	 	
(or other applicable law), whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under any of the Brasa
Entities’ Certificates of Incorporation or By-Laws and this Agreement, it is the intent of the parties hereto that Indemnitee enjoy by this Agreement the greater benefits so afforded by such change. 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. 

  

	 	(b)	To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees, fiduciaries, representatives, partners or agents of the Company, Indemnitee
shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any director, officer, employee, fiduciary, representative, partner or agent insured under such policy or policies.

  

	 	(c)	In the event of any payment by the Company under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee against any other Brasa Entity, and
Indemnitee hereby agrees, as a condition to obtaining any advancement or indemnification from the Company, to assign to the Company all of Indemnitee’s rights to obtain from such other Brasa Entity such amounts to the extent that they have been
paid to or for the benefit of Indemnitee as advancement or indemnification under this Agreement and are adequate to indemnify Indemnitee with respect to the costs, Expenses or other items to the full extent that Indemnitee is entitled to
indemnification or other payment hereunder; and Indemnitee will (upon request by the Company) execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the
Company to bring suit or enforce such rights. 

  

	 	(d)	The Company hereby unconditionally and irrevocably waives, relinquishes and releases, and covenants and agrees not to exercise (and to cause each of the other Brasa Entities not to exercise), any rights that it may now
have or hereafter acquire against any Designating Stockholder (or former Designating Stockholder) 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, by-laws 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 Designating Stockholder (or former Designating Stockholder) or Indemnitee, 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 Designating Stockholder (or former Designating Stockholder) or Indemnitee, 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. 

  
 - 6 - 

	 	(e)	The Company shall not be liable under this Agreement to pay or advance to Indemnitee any amounts otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise actually received such payment under
any insurance policy, contract, agreement or otherwise; provided, however, that (i) as between the Company and any Designating Stockholder, the Company hereby agrees that it is the indemnitor of first resort (i.e., its obligations
to Indemnitee under this Agreement are primary and any obligation of any Designating Stockholder (or any affiliate thereof other than a Brasa Entity) to provide advancement or indemnification for the same Expenses, liabilities, judgments, penalties,
fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement) incurred by
Indemnitee are secondary), and (ii) if any Designating Stockholder (or any affiliate thereof other than a Brasa Entity) pays or causes to be paid, for any reason, any amounts otherwise indemnifiable hereunder or under any other indemnification
agreement (whether pursuant to contract, by-laws or charter) with any director or officer of the Company, then (x) such Designating Stockholder (or such affiliate, as the case may be) shall be fully subrogated to all rights of Indemnitee with
respect to such payment and (y) the Company shall reimburse such Designating Stockholder (or such other affiliate) for the payments actually made. The Company shall take any and all actions as may reasonably be requested by Indemnitee or any
Designating Stockholder to cause director and officer liability insurance policies maintained by the Company to be paid and exhausted to cover any Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement (including all
interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement) that could be subject to indemnification hereunder before claims are
made with respect to such matters under any director and officer liability insurance policies that may be maintained by any Designating Stockholder or any of its affiliates (other than affiliates that are Brasa Entities or subsidiaries thereof), it
being understood and agreed that it is the intent of the parties that any such policies maintained by any Designating Stockholder or any of such other affiliates would be called upon to provide excess insurance coverage only to the extent of any
failure of any liability insurance policies maintained by the Brasa Entities to make payment of any amounts for which coverage is also available under any liability insurance policies maintained by any Designating Stockholder or any of its
affiliates (other than affiliates that are Brasa Entities or subsidiaries thereof). 

  

	 	(f)	 The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee in respect of or relating to Indemnitee’s service at the
request of any of the Company as a director, officer, employee, fiduciary, representative, partner or agent of any other Brasa Entity shall be reduced by any amount Indemnitee has actually received as payment of indemnification or advancement of
Expenses 

  
 - 7 - 

	 	
from such other Brasa Entity, except to the extent that such indemnification payments and advance payment of Expenses when taken together with any such amount actually received from other Brasa
Entities or under director and officer insurance policies maintained by one or more Brasa Entities are inadequate to fully pay all costs, Expenses or other items to the full extent that Indemnitee is entitled to indemnification or other payment
hereunder. 

  

	11.	Employment Rights; Successors; Third Party Beneficiaries. 

  

	 	(a)	This Agreement shall not be deemed an employment contract between the Company and Indemnitee. This Agreement shall continue in force as provided above after Indemnitee has ceased to serve as a director and/or officer of
the Company. 

  

	 	(b)	This Agreement shall be binding upon each of the Company and its successors and assigns and shall inure to the benefit of Indemnitee and his heirs, executors and administrators. 

 

	 	(c)	The Designating Stockholders are express third party beneficiaries of this Agreement, are entitled to rely upon this Agreement, and may specifically enforce the Company’s obligations hereunder (including but not
limited to the obligations specified in Section 10 of this Agreement). 

  

	12.	Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining
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 not in
any way be affected or impaired thereby; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) 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. 

  

	13.	Exception to Right of Indemnification or Advancement of Expenses. Except as provided in Section 7(a) of this Agreement or as may otherwise be agreed by the Company, Indemnitee shall not be entitled to
indemnification or advancement of Expenses under this Agreement with respect to any Proceeding brought by Indemnitee (other than a Proceeding by Indemnitee by way of defense or to enforce his rights under this Agreement or under statute or other law
including any rights under Section 145 of the Delaware General Corporation Law), unless the bringing of such Proceeding or making of such claim shall have been approved by the Board of Directors of the Company. 

 

	14.	Definitions. For purposes of this Agreement: 

  
 - 8 - 

	 	(a)	“Brasa Entity” means the Company, and each of its direct or indirect subsidiaries and any other corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other
enterprise with respect to which Indemnitee serves as a director, officer, employee, partner, representative, fiduciary or agent, or in any similar capacity, at the request of the Company, including, without limitation, Brasa (Purchaser) Inc., Brasa
(Holdings) Inc., and Fogo de Chão (Holdings) Inc. 

  

	 	(b)	“Board of Directors” refers to the board of directors of the Company. 

  

	 	(c)	“Certificate of Incorporation” means, with respect to any entity, (i) in the case of the Company, its certificate of incorporation, and (ii) in the case of any other entity, its certificate of
incorporation, articles of incorporation or similar constituting document. 

  

	 	(d)	“Corporate Status” describes the status of a person in his or her capacity as a director or officer of any of the Company (including, without limitation, one who serves at the request of any of the
Company as a director, officer, employee, fiduciary or agent of any Brasa Entity). 

  

	 	(e)	“Designating Stockholder” means the Sponsor, so long as an individual designated (directly or indirectly) by the Sponsor, or any of its affiliates (as provided by the Company’s Certificate of
Incorporation or By-laws) serves as a director of any Brasa Entity. 

  

	 	(f)	“Expenses” shall mean all reasonable costs, fees and expenses and shall specifically include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees and costs of experts,
witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending,
preparing to prosecute or defend, investigating, being or preparing to be a witness, in, or otherwise participating in, a Proceeding, including, but not limited to, the premium for appeal bonds, attachment bonds or similar bonds and all interest,
assessments and other charges paid or payable in connection with or in respect of any such Expenses. 

  

	 	(g)	“Proceeding” includes any actual, threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual,
threatened, pending or completed proceeding, whether brought by or in the right of the Company or otherwise and whether civil, criminal, administrative or investigative in nature, in which Indemnitee was, is, may be or will be involved as a party,
witness or otherwise, by reason of Indemnitee’s Corporate Status or by reason of any action taken by him or her or of any inaction on his part while acting as director or officer of any Brasa Entity (in each case whether or not he or she is
acting or serving in any such capacity or has such status at the time any liability or expense is incurred for which indemnification or advancement of Expenses can be provided under this Agreement). 

  
 - 9 - 

	 	(h)	“Sponsor” means Thomas H. Lee Partners, L.P. 

  

	15.	Construction. Whenever required by the context, as used in this Agreement the singular number shall include the plural, the plural shall include the singular, and all words herein in any gender shall be deemed to
include (as appropriate) the masculine, feminine and neuter genders. 

  

	16.	Reliance; Integration. 

  

	 	(a)	The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director and/or officer of the Company, and
the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director and/or officer of the Company. 

  

	 	(b)	This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties
hereto with respect to the subject matter hereof. 

  

	17.	Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of 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 hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

  

	18.	Notice Mechanics. All notices, requests, demands or other communications hereunder shall be in writing and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party to
whom said notice or other communication shall have been direct, or (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed: 

 

	 	(a)	If to Indemnitee to: 

  

					
			
                     

		
			  
		

  

	 	(b)	If to the Company, to: 

  

					
			Fogo de Chão, Inc.		
			14881 Quorum Drive		
			Suite 750		
			Dallas, Texas 75254		
			Attention: Chief Executive Officer		

  
 - 10 - 

 or to such other address as may have been furnished (in the manner prescribed above) as follows:
(a) in the case of a change in address for notices to Indemnitee, furnished by Indemnitee to the Company and (b) in the case of a change in address for notices to the Company, furnished by the Company to Indemnitee. 

 

	19.	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 judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for reasonably incurred Expenses, 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 other directors, officers, employees and agents) and Indemnitee in connection with such
event(s) and/or transaction(s). 

  

	20.	Governing Law; Submission to Jurisdiction; Appointment of Agent for Service of Process. This Agreement and the legal relations among the parties shall, to the fullest extent permitted by law, be governed by, and
construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. The Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of
or in connection with this Agreement shall be brought only in the Delaware Court, and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive
jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and
(iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or otherwise inconvenient forum. 

 

	21.	Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 

 

	22.	Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement.

 [Remainder of Page Intentionally Blank] 

  
 - 11 - 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first
above written. 
  

							
	Company:				FOGO DE CHÃO, INC.
				
					By:		  

					Name:   Lawrence J. Johnson
					Title:    Chief Executive Officer
			
	Indemnitee:				  

					Name:		

 [SIGNATURE PAGE TO INDEMNIFICATION
AGREEMENT]

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