Document:

First Amendment to Wendy's International, Inc. 2003 Stock Incentive Plan

 Exhibit 10(o) 
  
 FIRST AMENDMENT TO 
  
 WENDY’S INTERNATIONAL, INC. 2003 STOCK INCENTIVE PLAN 
  

WHEREAS, the shareholders of Wendy’s International, Inc. (the “Company”) approved the Wendy’s International, Inc. 2003 Stock Incentive Plan
(the “Plan”) at the Annual Meeting of Shareholders on April 22, 2004; and 
  
 WHEREAS, the Governance Guidelines of the Board of Directors of the Company provide that the Board will consider annually the form and amount of compensation paid to non-employee directors; and 
  
 WHEREAS, pursuant to the Governance Guidelines, after consideration of general and
specific demands of Board and committee service, Company performance, compensation amounts and trends among companies in the Fortune 500, the restaurant industry and other consumer products companies of comparable size to the Company, and
competitive and other factors, and pursuant to Section 22 of the Plan, the Board of Directors has concluded it is appropriate to amend the Plan to revise the number of shares of formula restricted stock granted annually to each non-employee director
from 1,375 to 2,040 shares. 
  
 NOW, THEREFORE, effective February 23,
2005, the Board of Directors of the Company amends the Plan as follows: 
  
 Section 5.1 of the Plan shall be deleted and replaced with the following: 
  
 5.1 Formula Restricted Stock Grants. Beginning in 2005, each Eligible Director shall be granted 2,040 Shares of Formula Restricted
Stock under the Plan. Such Formula Restricted Stock shall be granted on the date on which the regularly scheduled Board meeting is held during the Company’s second fiscal quarter. In the event that an insufficient number of Shares remains
available under the Plan for issuance to all Eligible Directors in a fiscal year, then unless the Plan is amended to provide additional Shares or the Company adopts another stock plan under which the Eligible Directors can participate, the Eligible
Directors shall participate on a pro-rata basis.Sample Restricted Stock Award Agreement

 Exhibit 10(p) 
  
 RESTRICTED STOCK AWARD AGREEMENT 
  
 Wendy’s International, Inc. 
  
             , 20    

  
 THIS AGREEMENT, made as of
            , 20     (the “Date of Grant”), between Wendy’s International, Inc., an Ohio corporation (the
“Company”), and                      (the “Grantee”). 
  
 WHEREAS, the Company has adopted the Wendy’s International, Inc. 2003
Stock Incentive Plan (the “Plan”) in order to provide additional incentive to certain employees and directors of the Company and its Subsidiaries; and 
  
 WHEREAS, the Committee has determined to grant to the Grantee an Award of Restricted Stock as provided herein to encourage
the Grantee’s efforts toward the continuing success of the Company. 
  
 NOW, THEREFORE, the parties hereto agree as follows: 
  
 1. Grant of Restricted Stock. 
  
 1.1 The Company hereby grants to the Grantee an award of              Shares of Restricted Stock (the “Award”). The Shares of Restricted Stock granted
pursuant to the Award shall be issued in the form of book entry Shares in the name of the Grantee as soon as reasonably practicable after the Date of Grant and shall be subject to the execution and return of this Agreement by the Grantee (or the
Grantee’s estate, if applicable) to the Company as provided in Section 9 hereof. 
  
 1.2 This Agreement shall be construed in accordance and consistent with, and subject to, the provisions of the Plan (the provisions of which are hereby incorporated by reference) and, except as otherwise expressly set
forth herein, the capitalized terms used in this Agreement shall have the same definitions as set forth in the Plan. 
  
 2. Restrictions on Transfer. 
  
 The Shares of Restricted Stock issued under this Agreement may not be sold, transferred or otherwise disposed of and may not be pledged or otherwise
hypothecated until all restrictions on such Restricted Stock shall have lapsed in the manner provided in Section 3, 4 or 5 hereof. 
  
 3. Lapse of Restrictions Generally. 
  
 Except as provided in Sections 4, 5 and 6 hereof, one-fourth (1/4) of the number of Shares of Restricted Stock issued hereunder (rounded down to the
nearest whole Share, if necessary) shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first four (4) anniversaries of the Date of Grant. 
  
 4. Effect of Certain Terminations of Employment. 
  
 If the Grantee’s employment terminates as a result of the Grantee’s death, Retirement or becoming Disabled, or if
the Grantee is terminated without Cause in connection with the disposition of one or more restaurants or other assets of the Company or its Subsidiaries or the sale or disposition of a Subsidiary, in each case if such termination occurs on or after
the Date of Grant, all Shares of Restricted Stock which have not become vested in accordance with Section 3 or 5 hereof shall vest, and the restrictions on such Restricted Stock shall lapse, as of the date of such termination. 
  

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 5. Effect of Change in Control. 
  
 In the event of a Change in Control at any time on or after the Date of Grant, all Shares of Restricted Stock which have not
become vested in accordance with Section 3 or 4 hereof shall vest, and the restrictions on such Restricted Stock shall lapse, immediately. 
  
 6. Forfeiture of Restricted Stock. 
  
 In addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with
Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company upon: 
  
 (i) the termination by the Grantee, the Company or its Subsidiaries of the Grantee’s employment for any reason other than those set forth in Section 4 hereof prior to such vesting; or 
  
 (ii) the commission by the Grantee of an Act of Misconduct prior to such
vesting. 
  
 For purposes of this Agreement, an “Act of
Misconduct” shall mean the occurrence of one or more of the following events: (x) the Grantee uses for profit or discloses to unauthorized persons, confidential information or trade secrets of the Company or any of its Subsidiaries, (y) the
Grantee breaches any contract with or violates any fiduciary obligation to the Company or any of its Subsidiaries, or (z) the Grantee engages in unlawful trading in the securities of the Company or any of its Subsidiaries or of another company based
on information gained as a result of that Grantee’s employment with, or status as a director to, the Company or any of its Subsidiaries. 
  
 7. Delivery of Restricted Stock. 
  
 7.1 Except as otherwise provided in Section 7.2 hereof, evidence of book entry Shares with respect to shares of Restricted Stock in respect of which the
restrictions have lapsed pursuant to Section 3, 4 or 5 hereof or, if requested by the Grantee prior to such lapse of restrictions, a stock certificate with respect to such shares of Restricted Stock, shall be delivered to the Grantee as soon as
practicable following the date on which the restrictions on such Restricted Stock have lapsed, free of all restrictions hereunder. 
  
 7.2 Evidence of book entry Shares with respect to shares of Restricted Stock in respect of which the restrictions have lapsed upon the Grantee’s
death pursuant to Section 4 hereof or, if requested by the executors or administrators of the Grantee’s estate upon such lapse of restrictions, a stock certificate with respect to such shares of Restricted Stock, shall be delivered to the
executors or administrators of the Grantee’s estate as soon as practicable following the Company’s receipt of notification of the Grantee’s death, free of all restrictions hereunder. 
  
 8. Dividends and Voting Rights. 
  
 Subject to Section 9(a) hereof, upon issuance of the Restricted Stock, the
Grantee shall have all of the rights of a stockholder with respect to such Stock, including the right to vote the Stock and to receive all dividends or other distributions paid or made with respect thereto; provided, however, that
dividends or distributions declared or paid on the Restricted Stock by the Company shall be deferred and reinvested in Shares of Restricted Stock based on the Fair Market Value of a Share on the date such dividend or distribution is paid or made
(provided that no fractional Shares will be issued), and the additional Shares of Restricted Stock thus acquired shall be subject to the same restrictions on transfer, forfeiture and vesting schedule as the Restricted Stock in respect of which such
dividends or distributions were made. 
  

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 9. Execution of Award Agreement. 
  
 (a) The Shares of Restricted Stock granted to the Grantee pursuant to the Award shall be subject to the Grantee’s
execution and return of this Agreement to the Company or its designee (including by electronic means, if so provided) no later than the earlier of (i)             ,
20     and (ii) the date that is immediately prior to the date that the Restricted Stock vest pursuant to Section 4 or 5 hereof (the “Grantee Return Date”); provided that if the Grantee dies before the
Grantee Return Date, this requirement shall be deemed to be satisfied if the executor or administrator of the Grantee’s estate executes and returns this Agreement to the Company or its designee no later than ninety (90) days following the
Grantee’s death (the “Executor Return Date”). If this Agreement is not so executed and returned on or prior to the Grantee Return Date or the Executor Return Date, as applicable, the Shares of Restricted Stock evidenced by this
Agreement shall be forfeited, and neither the Grantee nor the Grantee’s heirs, executors, administrators and successors shall have any rights with respect thereto. 
  
 (b) If this Agreement is so executed and returned on or prior to the Grantee Return Date or the Executor Return Date, as
applicable, all dividends and other distributions paid or made with respect to the Shares of Restricted Stock granted hereunder prior to such Grantee Return Date or Executor Return Date shall be treated in the manner provided in Section 8 hereof.

  
 10. No Right to Continued Employment. 
  
 Nothing in this Agreement or the Plan shall interfere with or limit in any
way the right of the Company or its Subsidiaries to terminate the Grantee’s employment, nor confer upon the Grantee any right to continuance of employment by the Company or any of its Subsidiaries or continuance of service as a Board member.

  
 11. Withholding of Taxes. 
  
 Prior to the delivery to the Grantee (or the Grantee’s estate, if
applicable) of a stock certificate or evidence of book entry Shares with respect to shares of Restricted Stock in respect of which all restrictions have lapsed, the Grantee (or the Grantee’s estate) shall pay to the Company the federal, state
and local income taxes and other amounts as may be required by law to be withheld by the Company (the “Withholding Taxes”) with respect to such Restricted Stock. By executing and returning this Agreement in the manner provided in
Section 9 hereof, the Grantee (or the Grantee’s estate) shall be deemed to elect to have the Company withhold a portion of such Restricted Stock having an aggregate Fair Market Value equal to the Withholding Taxes in satisfaction of the
Withholding Taxes, such election to continue in effect until the Grantee (or the Grantee’s estate) notifies the Company before such delivery that the Grantee (or the Grantee’s estate) shall satisfy such obligation in cash, in which event
the Company shall not withhold a portion of such Restricted Stock as otherwise provided in this Section 11. 
  
 12. Grantee Bound by the Plan. 
  
 The Grantee hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof. 
  
 13. Modification of Agreement. 
  
 This Agreement may be modified, amended, suspended or terminated, and any
terms or conditions may be waived, but only by a written instrument executed by the parties hereto. 
  
 14. Severability. 
  
 Should any provision of this Agreement be held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the remaining
provisions of this Agreement shall not be affected by such holding and shall continue in full force in accordance with their terms. 
  

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 15. Governing Law. 
  
 The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of
Ohio without giving effect to the conflicts of laws principles thereof. 
  
 16. Successors in Interest. 
  
 This Agreement
shall inure to the benefit of and be binding upon any successor to the Company. This Agreement shall inure to the benefit of the Grantee’s legal representatives. All obligations imposed upon the Grantee and all rights granted to the Company
under this Agreement shall be binding upon the Grantee’s heirs, executors, administrators and successors. 
  
 17. Resolution of Disputes. 
  
 Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this
Agreement shall be determined by the Committee. Any determination made hereunder shall be final, binding and conclusive on the Grantee, the Grantee’s heirs, executors, administrators and successors, and the Company and its Subsidiaries for all
purposes. 
  
 18. Entire Agreement. 
  
 This Agreement and the terms and conditions of the Plan constitute the
entire understanding between the Grantee and the Company and its Subsidiaries, and supersede all other agreements, whether written or oral, with respect to the Award. 
  
 19. Headings. 
  
 The headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. 
  
 20. Counterparts. 
  
 This Agreement may be executed simultaneously in two or more counterparts,
each of which shall constitute an original, but all of which taken together shall constitute one and the same agreement. 
  

			
	 WENDY’S INTERNATIONAL, INC.

		
	 By:
	 	  

			
		
	 GRANTEE
	 	 
	
	  

  

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