Document:

Exhibit 4.1

 

TEXAS ROADHOUSE, INC.

 

2004 EQUITY INCENTIVE PLAN

 

ADOPTED:  MAY 7, 2004

APPROVED BY STOCKHOLDER: MAY 7,
2004

AMENDED & RESTATED; APPROVED
BY STOCKHOLDER:  OCTOBER 7, 2004

TERMINATION DATE: MAY 6, 2014

 

1.                                       PURPOSES.

 

(a)                                  Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are the Employees,
Directors and Consultants of the Company and its Affiliates.

 

(b)                                 Available Stock Awards.
The purpose of the Plan is to provide a means by which eligible recipients of
Stock Awards may be given an opportunity to benefit from increases in value of
the Common Stock through the granting of the following Stock Awards: (i)
Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) stock bonuses
and (iv) rights to acquire restricted stock.

 

(c)                                  Texas Roadhouse Management Corp. Stock Option Plan.  Except
to the extent, if any, that such amendment and restatement would constitute a “modification”
within the meaning of Section 424(h) of the Code, the Plan shall
constitute the Amended and Restated Texas Roadhouse Management Corp. Stock
Option Plan (the “Management Plan”) following the consummation of the
transactions contemplated in the Master Transition Agreement dated as of May 7,
2004.  If such amendment and restatement
would constitute such a “modification,” options outstanding under the
Management Plan will be governed by the Management Plan before such amendment
and restatement.  Pursuant to the Plan of
Merger and Reorganization of Texas Roadhouse Management Interim LLC into and
with Texas Roadhouse Management Corp., these options are assumed on a
one-share-for-one-share basis, subject to subsequent adjustment for the Company’s
1.1875 – for-one stock split declared September 20, 2004 (the “2004 Stock
Split”).

 

(d)                                 General Purpose. The Company,
by means of the Plan, seeks to retain the services of the group of persons
eligible to receive Stock Awards, to secure and retain the services of new
members of this group and to provide incentives for such persons to exert maximum
efforts for the success of the Company and its Affiliates.

 

2.                                       DEFINITIONS.

 

(a)                                  “Affiliate”
means any parent corporation or subsidiary corporation of the Company, whether
now or hereafter existing, as those terms are defined in Sections 424(e) and
(f), respectively, of the Code.

 

(b)                                 “Board” means
the Board of Directors of the Company.

 

(c)                                  “Capitalization Adjustment”
has the meaning ascribed to that term in Section 11(a).

 

 

(d)                                 “Change in Control”
means the occurrence, in a single transaction or in a series of related transactions,
of any one or more of the following events:

 

(i)                                     any Exchange Act Person becomes the Owner,
directly or indirectly, of securities of the Company representing more than
fifty percent (50%) of the combined voting power of the Company’s then outstanding
securities other than by virtue of a merger, consolidation or similar
transaction. Notwithstanding the foregoing, a Change in Control shall not be
deemed to occur (A) on account of the acquisition of securities of the Company
by an institutional investor, any affiliate thereof or any other Exchange Act
Person that acquires the Company’s securities in a transaction or series of
related transactions that are primarily a private financing transaction for the
Company or (b) solely because the level of Ownership held by any Exchange Act
Person (the “Subject Person”) exceeds the designated percentage threshold of
the outstanding voting securities as a result of a repurchase or other
acquisition of voting securities by the Company reducing the number of shares
outstanding, provided that if a Change in Control would occur (but for the
operation of this sentence) as a result of the acquisition of voting securities
by the Company, and after such share acquisition, the Subject Person becomes
the Owner of any additional voting securities that, assuming the repurchase or
other acquisition had not occurred, increases the percentage of the then
outstanding voting securities Owned by the Subject Person over the designated
percentage threshold, then a Change in Control shall be deemed to occur.

 

(ii)                                  there is consummated a merger, consolidation or
similar transaction involving (directly or indirectly) the Company and,
immediately after the consummation of such merger, consolidation or similar
transaction, the stockholders of the Company immediately prior thereto do not
Own, directly or indirectly, outstanding voting securities representing more
than fifty percent (50%) of the combined outstanding voting power of the
surviving Entity in such merger, consolidation or similar transaction or more
than fifty percent (50%) of the combined outstanding voting power of the parent
of the surviving Entity in such merger, consolidation or similar transaction;

 

(iii)                               the stockholders of the Company approve or the Board approves a plan of
complete dissolution or liquidation of the Company, or a complete dissolution
or liquidation of the Company shall otherwise occur;

 

(iv)                              there is consummated a sale, lease, license or other disposition of all
or substantially all of the consolidated assets of the Company and its
Subsidiaries, other than a sale, lease, license or other disposition of all or
substantially all of the consolidated assets of the Company and its
Subsidiaries to an Entity, more than fifty percent (50%) of the combined voting
power of the voting securities of which are Owned by stockholders of the
Company in substantially the same proportions as their Ownership of the Company
immediately prior to such sale, lease, license or other disposition; or

 

(v)                                 individuals who, on the date this Plan is adopted
by the Board, are members of the Board (the “Incumbent Board”) cease for any
reason to constitute at least a majority of the members of the Board;
(provided, however, that if the appointment or election (or nomination for
election) of any new Board member was approved or recommended by a majority

 

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vote
of the members of the Incumbent Board then still in office, such new member
shall, for purposes of this Plan, be considered as a member of the Incumbent
Board).

 

Notwithstanding the foregoing or any other provision of
this Plan, the definition of Change in Control (or any analogous term) in an
individual written agreement between the Company or any Affiliate and the
Participant shall supersede the foregoing definition with respect to Stock
Awards subject to such agreement (it being understood, however, that if no
definition of Change in Control or any analogous term is set forth in such an
individual written agreement, the foregoing definition shall apply).

 

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

 

(f)                                    “Committee”
means a committee of one or more members of the Board appointed by the Board in
accordance with Section 3(c).

 

(g)                                 “Common Stock”
means the Class A Common Stock, $0.001 par value, of the Company.

 

(h)                                 “Company” means
Texas Roadhouse, Inc., a Delaware corporation.

 

(i)                                     “Consultant”
means any person, including an advisor, (i) engaged by the Company or an
Affiliate to render consulting or advisory services and who is compensated for
such services or (ii) serving as a member of the Board of Directors of an
Affiliate and who is compensated for such services. However, the term “Consultant”
shall not include Directors who are not compensated by the Company for their
services as Directors, and the payment of a director’s fee by the Company for
services as a Director shall not cause a Director to be considered a “Consultant”
for purposes of the Plan.

 

(j)                                     “Continuous Service”
means that the Participant’s service with the Company or an Affiliate, whether
as an Employee, Director or Consultant, is not interrupted or terminated. A
change in the capacity in which the Participant renders service to the Company
or an Affiliate as an Employee, Consultant or Director or a change in the
entity for which the Participant renders such service, provided that there is
no interruption or termination of the Participant’s service with the Company or
an Affiliate, shall not terminate a Participant’s Continuous Service. For
example, a change in status from an Employee of the Company to a Consultant of
an Affiliate or a Director shall not constitute an interruption of Continuous
Service. The Board or the chief executive officer of the Company, in that party’s
sole discretion, may determine whether Continuous Service shall be considered
interrupted in the case of any leave of absence approved by that party,
including sick leave, military leave or any other personal leave. Notwithstanding
the foregoing, a leave of absence shall be treated as Continuous Service for
purposes of vesting in a Stock Award only to such extent as may be provided in
the Company’s leave of absence policy or in the written terms of the
Participant’s leave of absence.

 

(k)                                  “Corporate Transaction”
means the occurrence, in a single transaction or in a series of related
transactions, of any one or more of the following events:

 

(i)                                     a sale or other disposition of all or
substantially all, as determined by the Board in its discretion, of the
consolidated assets of the Company and its Subsidiaries;

 

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(ii)                                  a sale or other disposition of more than 50% of
the voting power of outstanding securities of the Company;

 

(iii)                               a merger, consolidation or similar transaction following which the
Company is not the surviving corporation; or

 

(iv)                              a merger, consolidation or similar transaction following which the
Company is the surviving corporation but the shares of Common Stock outstanding
immediately preceding the merger, consolidation or similar transaction are
converted or exchanged by virtue of the merger, consolidation or similar
transaction into other property, whether in the form of securities, cash or
otherwise.

 

(l)                                     “Covered Employee”
means the chief executive officer and the four (4) other highest compensated
officers of the Company for whom total compensation is required to be reported
to stockholders under the Exchange Act, as determined for purposes of Section 162
(m) of the Code.

 

(m)                               “Director” means a member of the Board.

 

(n)                                 “Disability”
means the permanent and total disability of a person within the meaning of Section 22(e)(3)
of the Code.

 

(o)                                 “Employee” means
any person employed by the Company or an Affiliate. Service as a Director or
payment of a director’s fee by the Company or an Affiliate shall not be
sufficient to constitute “employment” by the Company or an Affiliate.

 

(p)                                 “Entity” means a
corporation, partnership or other entity.

 

(q)                                 “Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

(r)                                    “Exchange Act Person”
means any natural person, Entity or “group” (within the meaning of Section 13(d)
or 14(d) of the Exchange Act), except that “Exchange Act Person” shall not
include (i) the Company or any Subsidiary of the Company, (ii) any employee
benefit plan of the Company or any Subsidiary of the Company or any trustee or
other fiduciary holding securities under an employee benefit plan of the
Company or any Subsidiary of the Company, (iii) an underwriter temporarily
holding securities pursuant to an offering of such securities, or (iv) an
Entity Owned, directly or indirectly, by the stockholders of the Company in substantially
the same proportions as their Ownership of stock of the Company.

 

(s)                                  “Fair Market Value”
means, as of any date, the value of the Common Stock determined as follows:

 

(i)                                     If the Common Stock is listed on any established
stock exchange or traded on the Nasdaq National Market or the Nasdaq SmallCap
Market, the Fair Market Value of a share of Common Stock shall be the closing
sales price for such stock (or the closing bid, if no sales were reported) as
quoted on such exchange or market (or the exchange or market with the greatest
volume of trading in the Common Stock) on the last market trading day prior to
the 

 

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day
of determination, as reported in The Wall Street Journal or such other source
as the Board deems reliable.

 

(ii)                                  In the absence of such markets for the Common
Stock, the Fair Market Value shall be determined in good faith by the Board.

 

(t)                                    “Incentive Stock Option”
means an Option intended to qualify as an incentive stock option within the
meaning of Section 422 of the Code and the regulations promulgated
thereunder.

 

(u)                                 “Non-Employee Director”
means a Director who either (i) is not a current Employee or Officer of the
Company or its parent or a subsidiary, does not receive compensation (directly
or indirectly) from the Company or its parent or a subsidiary for services
rendered as a consultant or in any capacity other than as a Director (except
for an amount as to which disclosure would not be required under Item 404(a) of
Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)),
does not possess an interest in any other transaction as to which disclosure would
be required under Item 404(a) of Regulation S-K and is not engaged in
a business relationship as to which disclosure would be required under Item
404(b) of Regulation S-K; or (ii) is otherwise considered a “non-employee
director” for purposes of Rule 16b-3.

 

(v)                                 “Nonstatutory Stock Option”
means an Option not intended to qualify as an Incentive Stock Option.

 

(w)                               “Officer” means a person who is an
officer of the Company within the meaning of Section 16 of the Exchange
Act and the rules and regulations promulgated thereunder.

 

(x)                                   “Option” means
an Incentive Stock Option or a Nonstatutory Stock Option granted pursuant to
the Plan.

 

(y)                                 “Option Agreement”
means a written agreement between the Company and an Optionholder evidencing
the terms and conditions of an individual Option grant. Each Option Agreement
shall be subject to the terms and conditions of the Plan.

 

(z)                                   “Optionholder”
means a person to whom an Option is granted pursuant to the Plan or, if
applicable, such other person who holds an outstanding Option.

 

(aa)                            “Outside Director” means a Director who
either (i) is not a current employee of the Company or an “affiliated
corporation” (within the meaning of Treasury Regulations promulgated under Section 162(m)
of the Code), is not a former employee of the Company or an “affiliated
corporation” who receives compensation for prior services (other than benefits
under a tax-qualified retirement plan) during the taxable year, was not an
officer of the Company or an “affiliated corporation” at any time, and does not
currently receive remuneration from the Company or an “affiliated corporation,”
either directly or indirectly, in any capacity other than as a Director or (ii)
is otherwise considered an “outside director” for purposes of Section 162
(m) of the Code.

 

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(bb)                          “Own,” “Owned,”
“Owner,” “Ownership”
A person or Entity shall be deemed to “Own,” to have “Owned,” to be the “Owner”
of, or to have acquired “Ownership” of securities if such person or Entity, directly
or indirectly, through any contract, arrangement, understanding, relationship
or otherwise, has or shares voting power, which includes the power to vote or
to direct the voting, with respect to such securities.

 

(cc)                            “Participant” means a person to whom a
Stock Award is granted pursuant to the Plan or, if applicable, such other
person who holds an outstanding Stock Award.

 

(dd)                          “Plan” means this Texas Roadhouse, Inc.
2004 Equity Incentive Plan.

 

(ee)                            “Rule 16b-3” means Rule 16b-3 promulgated
under the Exchange Act or any successor to Rule 16b-3, as in effect from time
to time.

 

(ff)                                “Securities Act” means the Securities Act
of 1933, as amended.

 

(gg)                          “Stock Award” means any right granted
under the Plan, including an Option, a stock bonus and a right to acquire
restricted stock.

 

(hh)                          “Stock Award Agreement” means a written
agreement between the Company and a holder of a Stock Award evidencing the
terms and conditions of an individual Stock Award grant. Each Stock Award
Agreement shall be subject to the terms and conditions of the Plan.

 

(ii)                                  “Subsidiary”
means, with respect to the Company, (i) any corporation of which more than
fifty percent (50%) of the outstanding capital stock having ordinary voting
power to elect a majority of the Board of directors of such corporation
(irrespective of whether, at the time, stock of any other class or classes of
such corporation shall have or might have voting power by reason of the
happening of any contingency) is at the time, directly or indirectly, Owned by
the Company, and (ii) any partnership in which the Company has a direct or
indirect interest (whether in the form of voting or participation in profits or
capital contribution) of more than fifty percent (50%).

 

(jj)                                  “Ten Percent Stockholder”
means a person who Owns (or is deemed to Own pursuant to Section 424(d) of
the Code) stock possessing more than ten percent (l0%) of the total combined
voting power of all classes of stock of the Company or of any of its
Affiliates.

 

3.                                       ADMINISTRATION.

 

(a)                                  Administration by Board.
The Board shall administer the Plan unless and until the Board delegates
administration to a Committee, as provided in Section 3(c).

 

(b)                                 Powers of Board. The
Board shall have the power, subject to, and within the limitations of, the
express provisions of the Plan:

 

(i)                                     To determine from time to time which of the
persons eligible under the Plan shall be granted Stock Awards; when and how
each Stock Award shall be granted; what type or combination of types of Stock
Award shall be granted; the provisions of each Stock 

 

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Award
granted (which need not be identical), including the time or times when a
person shall be permitted to receive Common Stock pursuant to a Stock Award;
and the number of shares of Common Stock with respect to which a Stock Award
shall be granted to each such person.

 

(ii)                                  To construe and interpret the Plan and Stock
Awards granted under it, and to establish, amend and revoke rules and
regulations for its administration. The Board, in the exercise of this power,
may correct any defect, omission or inconsistency in the Plan or in any Stock
Award Agreement, in a manner and to the extent it shall deem necessary or
expedient to make the Plan fully effective.

 

(iii)                               To effect, at any time and from time to time, with the consent of any
adversely affected Optionholder, (A) the reduction of the exercise price of any
outstanding Option under the Plan, (B) the cancellation of any outstanding
Option under the Plan and the grant in substitution therefore of (1) a new
Option under the Plan covering the same or a different number of shares of
Common Stock, (2) a stock bonus, (3) the right to acquire restricted stock,
and/or (4) cash, or (C) any other action that is treated as a repricing under
generally accepted accounting principles.

 

(iv)                              To amend the Plan or a Stock Award as provided in Section 12.

 

(v)                                 To terminate or suspend the Plan as provided in Section 13.

 

(vi)                              Generally, to exercise such powers and to perform such acts as the Board
deems necessary or expedient to promote the best interests of the Company and
that are not in conflict with the provisions of the Plan.

 

(c)                                  Delegation to Committee.

 

(i)                                     GENERAL. The Board may delegate administration of
the Plan to a Committee or Committees of one (1) or more members of the Board,
and the term “Committee” shall apply to any person or persons to whom such
authority has been delegated. If administration is delegated to a Committee,
the Committee shall have, in connection with the administration of the Plan,
the powers theretofore possessed by the Board, including the power to delegate
to a subcommittee any of the administrative powers the Committee is authorized
to exercise (and references in this Plan to the Board shall thereafter be to
the Committee or subcommittee), subject, however, to such resolutions, not
inconsistent with the provisions of the Plan, as may be adopted from time to
time by the Board. The Board may abolish the Committee at any time and revest
in the Board the administration of the Plan.

 

(ii)                                  SECTION 162(m) AND RULE 16b-3 COMPLIANCE. In
the discretion of the Board, the Committee may consist solely of two or more
Outside Directors, in accordance with Section 162(m) of the Code, and/or
solely of two or more Non-Employee Directors, in accordance with Rule 16b-3. In
addition, the Board or the Committee may delegate to a committee of one or more
members of the Board the authority to grant Stock Awards to eligible persons
who are either (a) not then Covered Employees and are not expected to be
Covered Employees at the time of recognition of income resulting from such
Stock Award, (b) not persons with respect to whom the Company wishes to comply
with Section 162(m) of the Code, or (c) not then subject to Section 16
of the Exchange Act.

 

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(d)                                 Effect of Board’s Decision. All determinations, interpretations and constructions made by the Board
in good faith shall not be subject to review by any person and shall be final,
binding and conclusive on all persons.

 

4.                                       SHARES SUBJECT TO THE PLAN.

 

(a)                                  Share Reserve. Subject
to the provisions of Section 11(a) relating to Capitalization Adjustments,
the shares of Common Stock that may be issued pursuant to Stock Awards shall
not exceed in the aggregate Eight Million (8,000,000) shares of Common Stock,
plus an annual increase to be added on the first day of the year for a period
of ten (10) years, commencing on January 1, 2005 and ending on (and
including) January 1, 2014 (each such day, a “Calculation Date”), equal to
the lesser of (i) one percent (1%) of the shares of Common Stock outstanding on
each such Calculation Date (rounded down to the nearest whole share); or (ii) Five
Hundred Thousand (500,000) shares of Common Stock. Notwithstanding the foregoing,
the Board may act, prior to the first day of any fiscal year of the Company, to
increase the share reserve by such number of shares of Common Stock as the
Board shall determine, which number shall be less than each of (i) and (ii).  Notwithstanding the foregoing, the maximum
number of Incentive Stock Options that may be awarded under the Plan may not at
any time exceed 13,000,000 shares of Common Stock.

 

(b)                                 Reversion of Shares to the Share Reserve. If any Stock Award shall for any reason expire
or otherwise terminate, in whole or in part, without the full amount of shares
of Common Stock issuable under such Stock Award having been issued (treating
shares issued subject to repurchase, forfeiture or vesting as having been
issued for this purpose), the shares of Common Stock not issued under such
Stock Award shall revert to and again become available for issuance under the
Plan.

 

(c)                                  Source of Shares. The
shares of Common Stock subject to the Plan may be unissued shares or reacquired
shares, bought on the market or otherwise; provided, however, that this
provision shall not be interpreted to permit the reversion to the share reserve
specified in Section 4(a) of shares previously issued under the Plan to a
Participant that are forfeited back to or reacquired by the Company because of
or in connection with the failure to meet a contingency or condition required
to vest such shares in the Participant.

 

5.                                       ELIGIBILITY.

 

(a)                                  Eligibility for Specific Stock Awards. Incentive Stock Options may be granted only to Employees. Stock Awards
other than Incentive Stock Options may be granted to Employees, Directors and
Consultants.

 

(b)                                 Ten Percent Stockholders.
A Ten Percent Stockholder shall not be granted an Incentive Stock Option unless
the exercise price of such Option is at least one hundred ten percent (110%) of
the Fair Market Value of the Common Stock on the date of grant and the Option
is not exercisable after the expiration of five (5) years from the date of
grant.

 

(c)                                  Section 162(m) Limitation on Annual Grants. Subject to the provisions of Section 11(a)
relating to Capitalization Adjustments, no Employee shall be eligible to be
granted 

 

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Options
covering more than two million (2,000,000) shares of Common Stock during any
calendar year.

 

(d)                                 Consultants. A
Consultant shall not be eligible for the grant of a Stock Award if, at the time
of grant, a Form S-8 Registration Statement under the Securities Act (“Form S-8”)
is not available to register either the offer or the sale of the Company’s
securities to such Consultant because of the nature of the services that the
Consultant is providing to the Company, because the Consultant is not a natural
person, or because of any other rule governing the use of Form S-8, unless the
Company determines both (i) that such grant (A) shall be registered in another
manner under the Securities Act (e.g., on a Form S-3 Registration Statement) or
(B) does not require registration under the Securities Act in order to comply
with the requirements of the Securities Act, if applicable, and (ii) that such
grant complies with the securities laws of all other relevant jurisdictions.

 

6.                                       OPTION PROVISIONS.

 

Each Option shall be in such form and shall contain such
terms and conditions as the Board shall deem appropriate. All Options shall be
separately designated Incentive Stock Options or Nonstatutory Stock Options at
the time of grant, and, if certificates are issued, a separate certificate or
certificates shall be issued for shares of Common Stock purchased on exercise
of each type of Option. The provisions of separate Options need not be
identical, but each Option shall include (through incorporation of provisions
hereof by reference in the Option or otherwise) the substance of each of the
following provisions:

 

(a)                                  Term. Subject to the
provisions of Section 5(b) regarding Ten Percent Stockholders, no Option
shall be exercisable after the expiration of ten (10) years from the date on
which it was granted.

 

(b)                                 Exercise Price of an Incentive Stock Option. Subject to the provisions of Section 5(b)
regarding Ten Percent Stockholders, the exercise price of each Incentive Stock
Option shall be not less than one hundred percent (100%) of the Fair Market
Value of the Common Stock subject to the Option on the date the Option is
granted. Notwithstanding the foregoing, an Incentive Stock Option may be
granted with an exercise price lower than that set forth in the preceding
sentence if such Option is granted pursuant to an assumption or substitution
for another option in a manner satisfying the provisions of Section 424(a)
of the Code.

 

(c)                                  Exercise Price of a Nonstatutory Stock Option. The exercise price of each Nonstatutory Stock
Option shall be not less than eighty-five percent (85%) of the Fair Market Value
of the Common Stock subject to the Option on the date the Option is granted.
Notwithstanding the foregoing, a Nonstatutory Stock Option may be granted with
an exercise price lower than that set forth in the preceding sentence if such
Option is granted pursuant to an assumption or substitution for another option
in a manner satisfying the provisions of Section 424(a) of the Code.

 

(d)                                 Consideration. The
purchase price of Common Stock acquired pursuant to an Option shall be paid, to
the extent permitted by applicable statutes and regulations and except 

 

9

 

as
otherwise limited in the Option Agreement, either (i) in cash at the time the
Option is exercised or (ii) at the discretion of the Board at the time of the
grant of the Option (or subsequently in the case of a Nonstatutory Stock
Option) (A) by delivery to the Company of other Common Stock, (B) according to
a deferred payment or other similar arrangement with the Optionholder or (C) in
any other form of legal consideration that may be acceptable to the Board.
Unless otherwise specifically provided in the Option Agreement, the purchase
price of Common Stock acquired pursuant to an Option that is paid by delivery
to the Company of other Common Stock acquired, directly or indirectly from the
Company, shall be paid only by shares of the Common Stock of the Company that
have been held for more than six (6) months (or such longer or shorter period
of time required to avoid the treatment of the Option as a variable award for
financial accounting purposes). At any time that the Company is incorporated in
Delaware, payment of the Common Stock’s “par value,” as defined in the Delaware
General Corporation Law, shall not be made by deferred payment.

 

In the case of any deferred payment arrangement,
interest shall be compounded at least annually and shall be charged at the
minimum rate of interest necessary to avoid (i) the treatment as interest,
under any applicable provisions of the Code, of any amounts other than amounts
stated to be interest under the deferred payment arrangement and (ii) the
treatment of the Option as a variable award for financial accounting purposes.

 

(e)                                  Deposit.  The grant of an Option may be conditioned
upon the receipt by the Company from the Optionholder of a deposit of all or a
portion of the exercise price of the Option or any Option granted to the
Optionholder in the future.

 

(f)                                    Transferability of an Incentive
Stock Option. An Incentive Stock
Option shall not be transferable except by will or by the laws of descent and
distribution and shall be exercisable during the lifetime of the Optionholder
only by the Optionholder. Notwithstanding the foregoing, the Optionholder may,
by delivering written notice to the Company, in a form satisfactory to the
Company, designate a third party who, in the event of the death of the Optionholder,
shall thereafter be entitled to exercise the Option.

 

(g)                                 Transferability of a Nonstatutory Stock Option. A Nonstatutory Stock Option shall be
transferable to the extent provided in the Option Agreement. If the
Nonstatutory Stock Option does not provide for transferability, then the
Nonstatutory Stock Option shall not be transferable except by will or by the
laws of descent and distribution and shall be exercisable during the lifetime
of the Optionholder only by the Optionholder. Notwithstanding the foregoing,
the Optionholder may, by delivering written notice to the Company, in a form
satisfactory to the Company, designate a third party who, in the event of the
death of the Optionholder, shall thereafter be entitled to exercise the Option.

 

(h)                                 Vesting Generally. The
total number of shares of Common Stock subject to an Option may, but need not,
vest and therefore become exercisable in periodic installments that may, but need
not, be equal. The Option may be subject to such other terms and conditions on
the time or times when it may be exercised (which may be based on performance
or other criteria) as the Board may deem appropriate. The vesting provisions of
individual Options may vary. The provisions of this Section 6(h) are
subject to any Option provisions governing the minimum number of shares of
Common Stock as to which an Option may be exercised.

 

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(i)                                     Termination of Continuous Service. In the event that an Optionholder’s Continuous
Service terminates (other than upon the Optionholder’s death or Disability),
the Optionholder may exercise his or her Option (to the extent that the
Optionholder was entitled to exercise such Option as of the date of
termination) but only within such period of time ending on the earlier of (i)
the date three (3) months following the termination of the Optionholder’s Continuous
Service (or such longer or shorter period specified in the Option Agreement) or
(ii) the expiration of the term of the Option as set forth in the Option
Agreement. If, after termination, the Optionholder does not exercise his or her
Option within the time specified in the Option Agreement, the Option shall
terminate.

 

(j)                                     Extension of Termination Date. An Optionholder’s Option Agreement may also
provide that if the exercise of the Option following the termination of the
Optionholder’s Continuous Service (other than upon the Optionholder’s death or
Disability) would be prohibited at any time solely because the issuance of
shares of Common Stock would violate the registration requirements under the
Securities Act, then the Option shall terminate on the earlier of (i) the
expiration of the term of the Option set forth in Section 6(a) or (ii) the
expiration of a period of three (3) months after the termination of the
Optionholder’s Continuous Service during which the exercise of the Option would
not be in violation of such registration requirements.

 

(k)                                  Disability of Optionholder. In the event that an Optionholder’s Continuous Service terminates as a
result of the Optionholder’s Disability, the Optionholder may exercise his or
her Option (to the extent that the Optionholder was entitled to exercise such
Option as of the date of termination), but only within such period of time
ending on the earlier of (i) the date twelve (12) months following such
termination (or such longer or shorter period specified in the Option Agreement)
or (ii) the expiration of the term of the Option as set forth in the Option
Agreement. If, after termination, the Optionholder does not exercise his or her
Option within the time specified herein, the Option shall terminate.

 

(l)                                     Death of Optionholder. In the event that (i) an Optionholder’s
Continuous Service terminates as a result of the Optionholder’s death or (ii)
the Optionholder dies within the period (if any) specified in the Option
Agreement after the termination of the Optionholder’s Continuous Service for a
reason other than death, then the Option may be exercised (to the extent the
Optionholder was entitled to exercise such Option as of the date of death) by
the Optionholder’s estate, by a person who acquired the right to exercise the
Option by bequest or inheritance or by a person designated to exercise the
option upon the Optionholder’s death pursuant to Section 6(f) or 6(g), but
only within the period ending on the earlier of (A) the date twelve (12) months
following the date of death (or such longer or shorter period specified in the
Option Agreement) or (B) the expiration of the term of such Option as set forth
in the Option Agreement. If, after death, the Option is not exercised within
the time specified herein, the Option shall terminate.

 

(m)                               Early Exercise. The
Option may, but need not, include a provision whereby the Optionholder may
elect at any time before the Optionholder’s Continuous Service terminates to
exercise the Option as to any part or all of the shares of Common Stock subject
to the Option prior to the full vesting of the Option. Any unvested shares of
Common Stock so purchased may be subject to a repurchase option in favor of the
Company or to any other 

 

11

 

restriction
the Board determines to be appropriate. The Company will not exercise its
repurchase option until at least six (6) months (or such longer or shorter
period of time required to avoid the treatment of the Option as a variable
award for financial accounting purposes) have elapsed following exercise of the
Option unless the Board otherwise specifically provides in the Option.

 

7.                                       PROVISIONS OF STOCK AWARDS OTHER THAN OPTIONS.

 

(a)                                  Stock Bonus Awards. Each
stock bonus agreement shall be in such form and shall contain such terms and
conditions as the Board shall deem appropriate. The terms and conditions of
stock bonus agreements may change from time to time, and the terms and conditions
of separate stock bonus agreements need not be identical, but each stock bonus
agreement shall include (through incorporation of provisions hereof by
reference in the agreement or otherwise) the substance of each of the following
provisions:

 

(i)                                     A stock bonus may be awarded in consideration for
past services actually rendered to the Company or an Affiliate for its benefit.

 

(ii)                                  Shares of Common Stock awarded under the stock
bonus agreement may, but need not, be subject to a share repurchase option in
favor of the Company in accordance with a vesting schedule to be
determined by the Board.

 

(iii)                               In the event that a Participant’s Continuous Service terminates, the
Company may reacquire any or all of the shares of Common Stock held by the
Participant that have not vested as of the date of termination under the terms
of the stock bonus agreement. The Company will not exercise its repurchase option
until at least six (6) months (or such longer or shorter period of time
required to avoid the treatment of the Option as a variable award for financial
accounting purposes) have elapsed following receipt of the stock bonus unless
otherwise specifically provided in the stock bonus agreement.

 

(iv)                              Rights to acquire shares of Common Stock under the stock bonus agreement
shall be transferable by the Participant only upon such terms and conditions as
are set forth in the stock bonus agreement, as the Board shall determine in its
discretion, so long as Common Stock awarded under the stock bonus agreement
remains subject to the terms of the stock bonus agreement.

 

(b)                                 Restricted Stock Awards.
Each restricted stock purchase agreement shall be in such form and shall
contain such terms and conditions as the Board shall deem appropriate. The
terms and conditions of the restricted stock purchase agreements may change
from time to time, and the terms and conditions of separate restricted stock
purchase agreements need not be identical, but each restricted stock purchase
agreement shall include (through incorporation of provisions hereof by
reference in the agreement or otherwise) the substance of each of the following
provisions:

 

(i)                                     The purchase price of restricted stock awards
shall not be less than eighty-five percent (85%) of the Common Stock’s Fair
Market Value on the date such award is made or at the time the purchase is
consummated.

 

12

 

(ii)                                  The purchase price of Common Stock acquired
pursuant to the restricted stock purchase agreement shall be paid either: (A)
in cash at the time of purchase; (B) at the discretion of the Board, according
to a deferred payment or other similar arrangement with the Participant; or (C)
in any other form of legal consideration that may be acceptable to the Board in
its discretion; provided, however, that at any time that the Company is
incorporated in Delaware, then payment of the Common Stock’s “par value,” as
defined in the Delaware General Corporation Law, shall not be made by deferred
payment.

 

(iii)                               Shares of Common Stock acquired under the restricted stock purchase
agreement may, but need not, be subject to a share repurchase option in favor
of the Company in accordance with a vesting schedule to be determined by
the Board.

 

(iv)                              In the event that a Participant’s Continuous Service terminates, the
Company may repurchase or otherwise reacquire any or all of the shares of
Common Stock held by the Participant that have not vested as of the date of
termination under the terms of the restricted stock purchase agreement. The
Company will not exercise its repurchase option until at least six (6) months
(or such longer or shorter period of time required to avoid the treatment of
the Option as a variable award for financial accounting purposes) have elapsed
following the purchase of the restricted stock unless otherwise provided in the
restricted stock purchase agreement.

 

(v)                                 Rights to acquire shares of Common Stock under
the restricted stock purchase agreement shall be transferable by the
Participant only upon such terms and conditions as are set forth in the
restricted stock purchase agreement, as the Board shall determine in its
discretion, so long as Common Stock awarded under the restricted stock purchase
agreement remains subject to the terms of the restricted stock purchase
agreement.

 

8.                                       COVENANTS OF THE COMPANY.

 

(a)                                  Availability of Shares.
During the terms of the Stock Awards, the Company shall keep available at all
times the number of shares of Common Stock required to satisfy such Stock
Awards.

 

(b)                                 Securities Law Compliance.
The Company shall seek to obtain from each regulatory commission or agency
having jurisdiction over the Plan such authority as may be required to grant
Stock Awards and to issue and sell shares of Common Stock upon exercise of the
Stock Awards; provided, however, that this undertaking shall not require the
Company to register under the Securities Act the Plan, any Stock Award or any
Common Stock issued or issuable pursuant to any such Stock Award. If, after
reasonable efforts, the Company is unable to obtain from any such regulatory
commission or agency the authority which counsel for the Company deems
necessary for the lawful issuance and sale of Common Stock under the Plan, the
Company shall be relieved from any liability for failure to issue and sell
Common Stock upon exercise of such Stock Awards unless and until such authority
is obtained.

 

9.                                       USE OF PROCEEDS FROM STOCK.

 

Proceeds from the sale of Common Stock pursuant to Stock
Awards shall constitute general funds of the Company.

 

13

 

10.                                 MISCELLANEOUS.

 

(a)                                  Acceleration of Exercisability and Vesting. The Board shall have the power to accelerate
the time at which a Stock Award may first be exercised or the time during which
a Stock Award or any part thereof will vest in accordance with the Plan,
notwithstanding the provisions in the Stock Award stating the time at which it
may first be exercised or the time during which it will vest.

 

(b)                                 Stockholder Rights. No
Participant shall be deemed to be the holder of, or to have any of the rights
of a holder with respect to, any shares of Common Stock subject to such Stock
Award unless and until such Participant has satisfied all requirements for
exercise of the Stock Award pursuant to its terms.

 

(c)                                  No Employment or Other Service Rights. Nothing in the Plan or any instrument executed or Stock Award granted
pursuant thereto shall confer upon any Participant any right to continue to
serve the Company or an Affiliate in the capacity in effect at the time the
Stock Award was granted or shall affect the right of the Company or an
Affiliate to terminate (i) the employment of an Employee with or without notice
and with or without cause, (ii) the service of a Consultant pursuant to the
terms of such Consultant’s agreement with the Company or an Affiliate or (iii)
the service of a Director pursuant to the bylaws of the Company or an Affiliate,
and any applicable provisions of the corporate law of the state in which the
Company or the Affiliate is incorporated, as the case may be.

 

(d)                                 Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market
Value (determined at the time of grant) of Common Stock with respect to which
Incentive Stock Options are exercisable for the first time by any Optionholder
during any calendar year (under all plans of the Company and its Affiliates)
exceeds one hundred thousand dollars ($100,000), the Options or portions
thereof that exceed such limit (according to the order in which they were
granted) shall be treated as Nonstatutory Stock Options, notwithstanding any
contrary provision of any Stock Award Agreement.

 

(e)                                  Investment Assurances.
The Company may require a Participant, as a condition of exercising or
acquiring Common Stock under any Stock Award, (i) to give written assurances
satisfactory to the Company as to the Participant’s knowledge and experience in
financial and business matters and/or to employ a purchaser representative
reasonably satisfactory to the Company who is knowledgeable and experienced in
financial and business matters and that he or she is capable of evaluating,
alone or together with the purchaser representative, the merits and risks of
exercising the Stock Award; and (ii) to give written assurances satisfactory to
the Company stating that the Participant is acquiring Common Stock subject to
the Stock Award for the Participant’s own account and not with any present
intention of selling or otherwise distributing the Common Stock. The foregoing
requirements, and any assurances given pursuant to such requirements, shall be
inoperative if (i) the issuance of the shares of Common Stock upon the exercise
or acquisition of Common Stock under the Stock Award has been registered under
a then currently effective registration statement under the Securities Act or
(ii) as to any particular requirement, a determination is made by counsel for
the Company that such requirement need not be met in the circumstances under the
then applicable securities laws. The Company may, upon advice of counsel to the
Company, place legends on 

 

14

 

stock
certificates issued under the Plan as such counsel deems necessary or
appropriate in order to comply with applicable securities laws, including, but
not limited to, legends restricting the transfer of the Common Stock.

 

(f)                                    Withholding Obligations. To the extent provided by the terms of a Stock
Award Agreement, the Participant may satisfy any federal, state or local tax
withholding obligation relating to the exercise or acquisition of Common Stock
under a Stock Award by any of the following means (in addition to the Company’s
right to withhold from any compensation paid to the Participant by the Company)
or by a combination of such means: (i) tendering a cash payment; (ii)
authorizing the Company to withhold shares of Common Stock from the shares of
Common Stock otherwise issuable to the Participant as a result of the exercise
or acquisition of Common Stock under the Stock Award; provided, however, that
no shares of Common Stock are withheld with a value exceeding the minimum
amount of tax required to be withheld by law (or such lesser amount as may be
necessary to avoid variable award accounting); or (iii) delivering to the
Company owned and unencumbered shares of Common Stock.

 

11.                                 ADJUSTMENTS UPON CHANGES IN STOCK.

 

(a)                                  Capitalization Adjustments.  Subject to Section 11(c) of
the Plan, if any change is made in, or other event occurs with respect to, the
Common Stock subject to the Plan or subject to any Stock Award without the
receipt of consideration by the Company (through merger, consolidation,
reorganization, recapitalization, reincorporation, stock dividend, dividend in
property other than cash, stock split, liquidating dividend, combination of
shares, exchange of shares, change in corporate structure or other transaction
not involving the receipt of consideration by the Company (each a “Capitalization
Adjustment”)), the Plan will be appropriately adjusted in the class(es) and
maximum number of securities subject to the Plan pursuant to Sections 4(a) and
4(b) and the maximum number of securities subject to award to any person
pursuant to Section 5(c), and the outstanding Stock Awards will be
appropriately adjusted in the class(es) and number of securities and price per
share of Common Stock subject to such outstanding Stock Awards; provided,
however, that no adjustment to the maximum number of securities subject to the
Plan pursuant to Sections 4(a) and 4(b) and the maximum number of securities
subject to award to any person pursuant to Section 5(c) shall be made in
connection with the 2004 Stock Split. The Board shall make such adjustments,
and its determination shall be final, binding and conclusive. (The conversion
of any convertible securities of the Company shall not be treated as a
transaction “without receipt of consideration” by the Company.)

 

(b)                                 Dissolution or Liquidation. In the event of a dissolution or liquidation of the Company, then all
outstanding Options shall terminate immediately prior to the completion of such
dissolution or liquidation, and shares of Common Stock subject to the Company’s
repurchase option may be repurchased by the Company notwithstanding the fact
that the holder of such stock is still in Continuous Service.

 

(c)                                  Corporate Transaction.
In the event of a Corporate Transaction, any surviving corporation or acquiring
corporation may assume or continue any or all Stock Awards outstanding under
the Plan or may substitute similar stock awards for Stock Awards outstanding
under the Plan (it being understood that similar stock awards include, but are
not limited to, awards to acquire the same consideration paid to the
stockholders or the Company, as the case 

 

15

 

may
be, pursuant to the Corporate Transaction), and any reacquisition or repurchase
rights held by the Company in respect of Common Stock issued pursuant to Stock
Awards may be assigned by the Company to the successor of the Company (or the
successor’s parent company), if any, in connection with such Corporate
Transaction. In the event that any surviving corporation or acquiring
corporation does not assume or continue any or all such outstanding Stock
Awards or substitute similar stock awards for such outstanding Stock Awards,
then with respect to Stock Awards that have been not assumed, continued or
substituted and that are held by Participants whose Continuous Service has not
terminated prior to the effective time of the Corporate Transaction, the
vesting of such Stock Awards (and, if applicable, the time at which such Stock
Awards may be exercised) shall (contingent upon the effectiveness of the
Corporate Transaction) be accelerated in full to a date prior to the effective
time of such Corporate Transaction as the Board shall determine (or, if the
Board shall not determine such a date, to the date that is five (5) days prior
to the effective time of the Corporate Transaction), the Stock Awards shall
terminate if not exercised (if applicable) at or prior to such effective time,
and any reacquisition or repurchase rights held by the Company with respect to
such Stock Awards held by Participants whose Continuous Service has not
terminated shall (contingent upon the effectiveness of the Corporate
Transaction) lapse. With respect to any other Stock Awards outstanding under
the Plan that have not been assumed, continued or substituted, the vesting of
such Stock Awards (and, if applicable, the time at which such Stock Award may
be exercised) shall not be accelerated, unless otherwise provided in a written
agreement between the Company or any Affiliate and the holder of such Stock
Award, and such Stock Awards shall terminate if not exercised (if applicable)
prior to the effective time of the Corporate Transaction.

 

(d)                                 Change in Control.

 

(i)                                     A Stock Award held by any Participant whose
Continuous Service has not terminated prior to the effective time of a Change
in Control may be subject to acceleration of vesting and exercisability upon or
after such event as may be provided in the Stock Award Agreement for such Stock
Award or as may be provided in any other written agreement between the Company
or any Affiliate and the Participant.

 

(ii)                                  If any payment or benefit a Participant would
receive hereunder pursuant to a Change in Control from the Company or otherwise
(“Payment”) would (A) constitute a “parachute payment” within the meaning of Section 2809
of the Code, and (B) but for this sentence, be subject to the excise tax imposed
by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be
equal to the Reduced Amount. The “Reduced Amount” shall be either (A) the
largest portion of the Payment that would result in no portion of the Payment
being subject to the Excise Tax or (B) the largest portion, up to and including
the total, of the Payment, whichever amount, after taking into account all
applicable federal, state and local employment taxes, income taxes, and the
Excise Tax (all computed at the highest applicable marginal rate), results in
such Participant’s receipt, on an after-tax basis, of the greater amount,
notwithstanding that all or some portion of the Payment may be subject to the
Excise Tax. If a reduction in payments or benefits hereunder is necessary so
that the Payment equals the Reduced Amount, reduction shall occur in the
following order unless the Participant elects in writing a different order
(provided, however, that such election shall be subject to Company approval if
made on or after the date on which the event that triggers the Payment occurs):
(A) reduction in the acceleration of vesting of Stock Awards, and (B)
forfeiture of Stock Awards. In the event that

 

16

 

acceleration
of vesting of Stock Awards is to be reduced, such acceleration of vesting shall
be cancelled in the reverse order of the date of grant of such Participant’s
Awards (i.e., vesting on the earliest granted Award cancelled last) unless such
Participant elects in writing a different order for cancellation. In the event
that Stock Awards are to be forfeited, such forfeiture shall occur in the
reverse order of the date of grant of such Participant’s Stock Awards (i.e.,
earliest granted Award forfeited last) unless such Participant elects in
writing a different order for forfeiture.

 

The accounting firm engaged by the Company for general
audit purposes as of the day prior to the effective date of the Change in
Control shall perform the foregoing calculations. If the accounting firm so engaged
by the Company is serving as accountant or auditor for the individual, entity
or group effecting the Change in Control, the Company shall appoint a
nationally recognized accounting firm to make the determinations required
hereunder. The Company shall bear all expenses with respect to the
determinations by such accounting firm required to be made hereunder.

 

The accounting firm engaged to make the determinations
hereunder shall provide its calculations, together with detailed supporting
documentation, to such Participant and the Company within fifteen (15) calendar
days after the date on which such Participant’s right to a Payment is triggered
(if requested at that time by such Participant or the Company) or such other
time as requested by such Participant or the Company. If the accounting firm
determines that no Excise Tax is payable with respect to a Payment, either
before or after the application of the Reduced Amount, it shall furnish such
Participant and the Company with an opinion reasonably acceptable to such
Participant that no Excise Tax will be imposed with respect to such Payment.
Any good faith determinations of the accounting firm made hereunder shall be
final, binding and conclusive upon such Participant and the Company.

 

12.                                 AMENDMENT OF THE PLAN AND STOCK AWARDS.

 

(a)                                  Amendment of Plan. The
Board at any time, and from time to time, may amend the Plan. However, except
as provided in Section 11(a) relating to Capitalization Adjustments, no
amendment shall be effective unless approved by the stockholders of the Company
to the extent stockholder approval is necessary to satisfy the requirements of Section 422
of the Code.

 

(b)                                 Stockholder Approval.
The Board, in its sole discretion, may submit any other amendment to the Plan
for stockholder approval, including, but not limited to, amendments to the Plan
intended to satisfy the requirements of Section 162(m) of the Code and the
regulations thereunder regarding the exclusion of performance-based
compensation from the limit on corporate deductibility of compensation paid to
Covered Employees.

 

(c)                                  Contemplated Amendments.
It is expressly contemplated that the Board may amend the Plan in any respect
the Board deems necessary or advisable to provide eligible Employees with the
maximum benefits provided or to be provided under the provisions of the Code
and the regulations promulgated thereunder relating to Incentive Stock Options
and/or to bring the Plan and/or Incentive Stock Options granted under it into
compliance therewith.

 

17

 

(d)                                 No Impairment of Rights.
Rights under any Stock Award granted before amendment of the Plan shall not be
impaired by any amendment of the Plan unless (i) the Company requests the
consent of the Participant and (ii) the Participant consents in writing.

 

(e)                                  Amendment of Stock Awards.
The Board at any time, and from time to time, may amend the terms of any one or
more Stock Awards; provided, however, that the rights under any Stock Award
shall not be impaired by any such amendment unless (i) the Company requests the
consent of the Participant and (ii) the Participant consents in writing.

 

13.                                 TERMINATION OR SUSPENSION OF THE PLAN.

 

(a)                                  Plan Term. The Board may
suspend or terminate the Plan at any time. Unless sooner terminated, the Plan
shall terminate on the day before the tenth (10th) anniversary of the date the
Plan is adopted by the Board or approved by the stockholders of the Company,
whichever is earlier. No Stock Awards may be granted under the Plan while the
Plan is suspended or after it is terminated.

 

(b)                                 No Impairment of Rights.
Suspension or termination of the Plan shall not impair rights and obligations
under any Stock Award granted while the Plan is in effect except with the
written consent of the Participant.

 

14.                                 EFFECTIVE DATE OF PLAN.

 

The Plan shall become effective as determined by the
Board, but no Stock Award shall be exercised (or, in the case of a stock bonus,
shall be granted) unless and until the Plan has been approved by the
stockholders of the Company, which approval shall be within twelve (12) months
before or after the date the Plan is adopted by the Board.

 

15.                                 CHOICE OF LAW.

 

The laws of the Commonwealth of Kentucky shall govern
all questions concerning the construction, validity and interpretation of this
Plan, without regard to such state’s conflict of laws rules.

 

18

 

TEXAS ROADHOUSE, INC.

 

STOCK OPTION GRANT NOTICE

(2004 EQUITY INCENTIVE PLAN)

 

TEXAS ROADHOUSE, INC. (the “Company”), pursuant to its
2004 Equity Incentive Plan (the “Plan”), hereby grants to Optionholder an
option to purchase the number of shares of the Company’s Class A Common Stock
set forth below. This option is subject to all of the terms and conditions as
set forth herein and in the Stock Option Agreement and the Plan, which Optionholder
has previously received and are incorporated herein in their entirety.

 

	
  Optionholder:

  	
   

  
	
  Date of Grant:

  	
   

  
	
  Vesting Commencement Date:

  	
   

  
	
  Number of Shares Subject to Option:

  	
   

  
	
  Exercise Price (Per Share):

  	
   

  
	
  Total Exercise Price:

  	
   

  
	
  Expiration Date*:

  	
   

  

 

*Subject
to earlier termination as set forth in the Plan and Stock Option Agreement for
various events including termination of employment or a Corporate Transaction.

 

	
  TYPE OF GRANT:

  	
  o Incentive Stock Option (1)  o Nonstatutory Stock Option

  
	
   

  	
   

  
	
  EXERCISE SCHEDULE:

  	
  o Same as Vesting Schedule  o Early Exercise Permitted

  
	
   

  	
   

  
	
  VESTING SCHEDULE:

  	
  The shares vest on
                                      ,
  20        .

  
	
   

  	
   

  
	
  PAYMENT:

  	
  by one or a combination of the following items (described in the Stock
  Option Agreement):

  
	
   

  	
   

  
	
   

  	
  o                                    by cash or check

  o                                    Pursuant to a Regulation T Program if the
  shares are publicly traded

  o                                    by delivery of already-owned shares if the
  shares are publicly traded

  o                                    by deferred payment

  

 

ADDITIONAL
TERMS/ACKNOWLEDGEMENTS: By receipt hereof, the Optionholder acknowledges
receipt of, and understands and agrees to, this Stock Option Grant Notice, the
Stock Option Agreement and the Plan. Optionholder further acknowledges that as
of the Date of Grant, this Stock Option Grant Notice, the Stock Option
Agreement and the Plan set forth the entire understanding between Optionholder
and the Company regarding the acquisition of stock in the Company and supersede
all prior oral and written agreements on that subject with the exception of (i)
options previously granted and delivered to Optionholder under the Plan, and
(ii) the following agreements only:

 

19

 

OTHER AGREEMENTS:

 

 

 

(1)                                  You should consult your own attorney or financial
advisor regarding the personal tax implications (including minimum holding periods
and alternative minimum taxes) of Incentive Stock Options before you exercise
these options. If this is an Incentive Stock Option, it (plus other outstanding
Incentive Stock Options) cannot be first exercisable for more than $100,000 in
value (measured by exercise price) in any calendar year. Any excess over
$100,000 is a Nonstatutory Stock Option.

 

20

 

TEXAS ROADHOUSE, INC.

 

STOCK OPTION AGREEMENT

2004 EQUITY INCENTIVE PLAN

(INCENTIVE STOCK OPTION OR
NONSTATUTORY STOCK OPTION)

 

Pursuant to your Stock Option Grant Notice (“Grant
Notice”) and this Stock Option Agreement, Texas Roadhouse, Inc. (the “Company”)
has granted you an option under its 2004 Equity Incentive Plan (the “Plan”) to
purchase the number of shares of the Company’s Common Stock indicated in your Grant
Notice at the exercise price indicated in your Grant Notice. Defined terms not
explicitly defined in this Stock Option Agreement but defined in the Plan shall
have the same definitions as in the Plan.

 

The details of your option are as follows:

 

1.                                       VESTING. Subject to the limitations contained
herein, your option will vest as provided in your Grant Notice, provided that
vesting will cease upon the termination of your Continuous Service.

 

2.                                       NUMBER OF SHARES AND EXERCISE PRICE. The number
of shares of Common Stock subject to your option and your exercise price per
share referenced in your Grant Notice may be adjusted from time to time for
Capitalization Adjustments.

 

3.                                       EXERCISE.

 

(A)                              You may exercise the vested portion of your option (and the unvested portion
of your option if your Grant Notice so permits) during its term by delivering a
Notice of Exercise (in a form designated by the Company) together with the
exercise price to the Secretary of the Company, or to such other person as the
Company may designate, during regular business hours, together with such
additional documents as the Company may then require.

 

(B)                                By exercising your option you agree that, as a condition to any exercise
of your option, the Company may require you to enter into an arrangement
providing for the payment by you to the Company of any tax withholding
obligation of the Company arising by reason of (1) the exercise of your option,
(2) the lapse of any substantial risk of forfeiture to which the shares of
Common Stock are subject at the time of exercise, or (3) the disposition of
shares of Common Stock acquired upon such exercise.

 

(C)                                If your option is an Incentive Stock Option, by exercising your option
you agree that you will notify the Company in writing within fifteen (15) days
after the date of any disposition of any of the shares of the Common Stock
issued upon exercise of your option that occurs within two (2) years after the
date of your option grant or within one (1) year after such shares of Common
Stock are transferred to you upon exercise of your option.

 

4.                                       EXERCISE PRIOR TO VESTING (“EARLY EXERCISE”). If
permitted in your Grant Notice (i.e., the “Exercise Schedule” indicates that “Early
Exercise” of your option is permitted) and subject to the provisions of your
option, you may elect at any time that is both (i) during the period of your
Continuous Service and (ii) during the term of your option, to exercise 

 

21

 

all
or part of your option, including the nonvested portion of your option;
provided, however, that:

 

(a)                                  a partial exercise of your option shall be deemed
to cover first vested shares of Common Stock and then the earliest vesting
installment of unvested shares of Common Stock;

 

(b)                                 any shares of Common Stock so purchased from
installments that have not vested as of the date of exercise shall be subject
to the purchase option in favor of the Company as described in the Company’s
form of Early Exercise Stock Purchase Agreement; and

 

(c)                                  you shall enter into the Company’s form of Early
Exercise Stock Purchase Agreement with a vesting schedule that will result
in the same vesting as if no early exercise had occurred.

 

5.                                       ISO LIMITATION. 
To the extent that the aggregate Fair Market Value (determined at the
time of grant) of Common Stock with respect to which Incentive Stock Options
are exercisable for the first time by you during any calendar year (under all
plans of the Company and its Affiliates) exceeds one hundred thousand dollars
($100,000), the Options or portions thereof that exceed such limit (according
to the order in which they were granted) shall be treated as Nonstatutory Stock
Options.

 

6.                                       METHOD OF PAYMENT. Payment of the exercise price
is due in full upon exercise of all or any part of your option. You may elect
to make payment of the exercise price in cash or by check or in any other
manner permitted by your grant notice, which may include one or more of the following:

 

(A)                              In the Company’s sole discretion at the time your option is exercised and
provided that at the time of exercise the Common Stock is publicly traded and
quoted regularly in The Wall Street Journal, pursuant to a program developed
under Regulation T as promulgated by the Federal Reserve Board that, prior to
the issuance of Common Stock, results in either the receipt of cash (or check)
by the Company or the receipt of irrevocable instructions to pay the aggregate
exercise price to the Company from the sales proceeds.

 

(B)                                Provided that at the time of exercise the Common Stock is publicly traded
and quoted regularly in The Wall Street Journal, by delivery of already-owned
shares of Common Stock either that you have held for the period required to
avoid the treatment of the Option as a variable award for financial accounting
purposes (generally six (6) months) or that you did not acquire, directly or
indirectly from the Company, that are owned free and clear of any liens,
claims, encumbrances or security interests, and that are valued at Fair Market
Value on the date of exercise. “Delivery” for these purposes, in the sole
discretion of the Company at the time you exercise your option, shall include delivery
to the Company of your attestation of ownership of such shares of Common Stock
in a form approved by the Company. Notwithstanding the foregoing, you may not
exercise your option by tender to the Company of Common Stock to the extent
such tender would violate the provisions of any law, regulation or agreement
restricting the redemption of the Company’s stock.

 

22

 

(C)                                [OPTIONAL] Pursuant to the following deferred payment alternative
(provided that this alternative shall not be available for executive officers
or Directors of the Company, notwithstanding any Stock Option Grant Notice to
the contrary):

 

(I)                                    Not less than one hundred percent (100%) of the
aggregate exercise price, plus accrued interest, shall be due four (4) years
from date of exercise or, at the Company’s election, upon termination of your
Continuous Service.

 

(II)                                Interest shall be compounded at least annually and shall be charged at
the minimum rate of interest necessary to avoid (1) the treatment as interest,
under any applicable provisions of the Code, of any amounts other than amounts
stated to be interest under the deferred payment arrangement and (2) the
treatment of the Option as a variable award for financial accounting purposes.

 

(III)                            At any time that the Company is incorporated in Delaware, payment of the
Common Stock’s “par value,” as defined in the Delaware General Corporation Law,
shall be made in cash and not by deferred payment.

 

(IV)                            In order to elect the deferred payment alternative, you must, as a part
of your written notice of exercise, give notice of the election of this payment
alternative and, in order to secure the payment of the deferred exercise price
to the Company hereunder, if the Company so requests, you must tender to the
Company a promissory note and a pledge agreement covering the purchased shares
of Common Stock, both in form and substance satisfactory to the Company, or
such other or additional documentation as the Company may request.

 

7.                                       WHOLE SHARES. You may exercise your option only
for whole shares of Common Stock.

 

8.                                       SECURITIES LAW COMPLIANCE. Notwithstanding
anything to the contrary contained herein, you may not exercise your option
unless the shares of Common Stock issuable upon such exercise are then
registered under the Securities Act or, if such shares of Common Stock are not
then so registered, the Company has determined that such exercise and issuance
would be exempt from the registration requirements of the Securities Act. The
exercise of your option also must comply with other applicable laws and
regulations governing your option, and you may not exercise your option if the
Company determines that such exercise would not be in material compliance with
such laws and regulations.

 

9.                                       TERM. You may not exercise your option before the
commencement or after the expiration of its term. The term of your option
commences on the Date of Grant and expires upon the earliest of the following:

 

(A)                              three (3) months after the termination of your Continuous Service for any
reason other than your Disability or death, provided that if during any part of
such three (3) month period your option is not exercisable solely because of
the condition set forth in Section 8, your option shall not expire until
the earlier of the Expiration Date or until it shall have been exercisable for
an aggregate period of three (3) months after the termination of your
Continuous Service;

 

23

 

(B)                                twelve (12) months after the termination of your Continuous Service due
to your Disability;

 

(C)                                twelve (12) months after your death if you die either during your Continuous
Service or within three (3) months after your Continuous Service terminates;

 

(D)                               the Expiration Date indicated in your grant Notice; or

 

(E)                                 the day before the tenth (10th) anniversary of
the Date of Grant.

 

(F)                                 If your option is an Incentive Stock Option, note
that to obtain the federal income tax advantages associated with an Incentive
Stock Option, the Code requires that at all times beginning on the Date of Grant
of your option and ending on the day three (3) months before the date of your
option’s exercise, you must be an employee of the Company or an Affiliate,
except in the event of your death or Disability. The Company has provided for
extended exercisability of your option under certain circumstances for your
benefit but cannot guarantee that your option will necessarily be treated as an
Incentive Stock Option if you continue to provide services to the Company or an
Affiliate as a Consultant or Director after your employment terminates or if
you otherwise exercise your option more than three (3) months after the date
your employment with the Company or an Affiliate terminates.

 

10.                                 TRANSFERABILITY. Your option is not transferable,
except by will or by the laws of descent and distribution, and is exercisable
during your life only by you. Notwithstanding the foregoing, by delivering
written notice to the Company, in a form satisfactory to the Company, you may
designate a third party who, in the event of your death, shall thereafter be
entitled to exercise your option.

 

11.                                 OPTION NOT A SERVICE CONTRACT. Your option is not
an employment or service contract, and nothing in your option shall be deemed
to create in any way whatsoever any obligation on your part to continue in the
employ of the Company or an Affiliate, or of the Company or an Affiliate to
continue your employment. In addition, nothing in your option shall obligate
the Company or an Affiliate, their respective stockholders, Boards of
Directors, Officers or Employees to continue any relationship that you might
have as a Director or Consultant for the Company or an Affiliate.

 

12.                                 WITHHOLDING OBLIGATIONS.

 

(A)                              At the time you exercise your option, in whole or in part, or at any time
thereafter as requested by the Company, you hereby authorize withholding from
payroll and any other amounts payable to you, and otherwise agree to make
adequate provision for (including by means of a “cashless exercise” pursuant to
a program developed under Regulation T as promulgated by the Federal Reserve
Board to the extent permitted by the Company), any sums required to satisfy the
federal, state, local and foreign tax withholding obligations of the Company or
an Affiliate, if any, which arise in connection with the exercise of your
option.

 

(B)                                Upon your request and subject to approval by the Company, in its sole
discretion, and compliance with any applicable legal conditions or
restrictions, the Company may withhold from fully vested shares of Common Stock
otherwise issuable to you upon the 

 

24

 

exercise
of your option a number of whole shares of Common Stock having a Fair Market
Value, determined by the Company as of the date of exercise, not in excess of
the minimum amount of tax required to be withheld by law (or such lower amount
as may be necessary to avoid variable award accounting). If the date of
determination of any tax withholding obligation is deferred to a date later
than the date of exercise of your option, share withholding pursuant to the
preceding sentence shall not be permitted unless you make a proper and timely
election under Section 83 (b) of the Code, covering the aggregate number
of shares of Common Stock acquired upon such exercise with respect to which
such determination is otherwise deferred, to accelerate the determination of
such tax withholding obligation to the date of exercise of your option.

 

Notwithstanding the filing of such election, shares of
Common Stock shall be withheld solely from fully vested shares of Common Stock
determined as of the date of exercise of your option that are otherwise
issuable to you upon such exercise. Any adverse consequences to you arising in
connection with such share withholding procedure shall be your sole
responsibility.

 

(C)                                You may not exercise your option unless the tax withholding obligations
of the Company and/or any Affiliate are satisfied. Accordingly, you may not be
able to exercise your option when desired even though your option is vested,
and the Company shall have no obligation to issue a certificate for such shares
of Common Stock or release such shares of Common Stock from any escrow provided
for herein unless such obligations are satisfied.

 

13.                                 NOTICES. Any notices provided for in your option
or the Plan shall be given in writing and shall be deemed effectively given
upon receipt or, in the case of notices delivered by mail by the Company to
you, five (5) days after deposit in the United States mail, postage prepaid, addressed
to you at the last address you provided to the Company.

 

14.                                 GOVERNING PLAN DOCUMENT. Your Grant Notice and
option are subject to all the provisions of the Plan, the provisions of which
are hereby made a part of your option, and are further subject to all
interpretations, amendments, rules and regulations, which may from time to time
be promulgated and adopted pursuant to the Plan. In the event of any conflict
between the provisions of your option and those of the Plan, the provisions of
the Plan shall control.

 

15.                                 APPLICATION TO ALL GRANT NOTICES AND
OPTIONS.  You agree and acknowledge that
all options granted to you from time to time under the Plan will be subject to
the terms and conditions of this Stock Option Agreement, the Plan and each
Grant Notice you may receive from time to time, whether such Grant Notice be
transmitted via electronic transmission or otherwise.

 

25

 

IN WITNESS WHEREOF, the parties hereto have duly
executed this Stock Option Agreement.

 

 

	
  TEXAS ROADHOUSE, INC.

  	
   

  	
  OPTIONHOLDER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Signature

  	
   

  	
  Signature

  	
   

  
	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
   

  
								

 

26EXHIBIT 10.1

 

SHAREHOLDER AGREEMENT

 

SHAREHOLDER AGREEMENT (the “Agreement”), dated as of December
8, 2004, by and between _______________________________, a shareholder (“Shareholder”)
of Northeast Pennsylvania Financial Corp. (the “Company”), a Delaware corporation,
and KNBT Bancorp, Inc. (“Parent”), a Pennsylvania corporation.  All capitalized terms used herein and not
defined herein shall have the meanings assigned thereto in the Merger Agreement
(defined below).

 

WHEREAS, Parent and the
Company are simultaneously entering into an Agreement and Plan of Merger, dated
as of the date hereof (as may be amended from time to time pursuant to its
terms, the “Merger Agreement”), pursuant to which the Company will merge with
and into Parent on the terms and conditions set forth therein (the “Merger”)
and, in connection therewith, each outstanding share of Company Common Stock
will be converted into the right to receive the Per Share Stock Consideration
or the Per Share Cash Consideration, subject to the terms, limitations and
conditions of the Merger Agreement; and

 

WHEREAS, Shareholder owns the shares of Company Common
Stock identified on Annex I hereto (such shares, together with all shares of
Company Common Stock subsequently acquired by Shareholder during the term of
this Agreement, being referred to as the “Shares”); and

 

WHEREAS, in order to induce Parent to enter into the
Merger Agreement, Shareholder, solely in such Shareholder’s capacity as a
shareholder of the Company and not in any other capacity, has agreed to enter
into and perform this Agreement;

 

NOW, THEREFORE, for good and valuable consideration,
the receipt, sufficiency and adequacy of which are hereby acknowledged, the
parties hereto agree as follows:

 

1.  Agreement to Vote Shares.  Shareholder agrees that at any meeting of the
shareholders of the Company, or in connection with any written consent of the
shareholders of the Company at which a proposal of the type set forth in clause
(ii) below is presented for consideration by the shareholders of the Company,
Shareholder shall:

 

(i)            appear at each such meeting or
otherwise cause the Shares to be counted as present thereat for purposes of
calculating a quorum; and

 

(ii)           vote (or cause to be voted), in
person or by proxy, all the Shares (whether acquired heretofore or hereafter)
that are beneficially owned by Shareholder or as to which Shareholder has,
directly or indirectly, the right to vote or direct the voting, (x) in favor of
adoption and approval of the Merger Agreement and the Merger; (y) against any
action or agreement that would result in a breach of any covenant,
representation or warranty or any other obligation or agreement of the Company
contained in the Merger Agreement or of Shareholder contained in this
Agreement; and (z) against any Acquisition Proposal or any other action,
agreement or transaction that is intended, or could reasonably be expected, to
materially impede, interfere or be inconsistent with, delay, postpone,
discourage or materially and adversely affect consummation of the Merger or
this Agreement.

 

 

 

2.  No Transfers.  After the date hereof and prior to the
special meeting of the Company shareholders held to consider and vote upon
approval of the Merger Agreement, Shareholder agrees not to, directly or
indirectly, sell, transfer, pledge, assign or otherwise dispose of, or enter
into any contract, option, commitment or other arrangement or understanding
with respect to the sale, transfer, pledge, assignment or other disposition of,
any of the Shares if such sale, transfer, pledge, assignment or disposition
could occur prior to such meeting, except the following transfers shall be
permitted: (i) transfers by will or operation of law, in which case this
Agreement shall bind the transferee, subject to applicable law, (ii) transfers
pursuant to any pledge agreement, subject to the pledgee agreeing in writing to
be bound by the terms of this Agreement, (iii) transfers in connection with
estate and tax planning purposes, including transfers to relatives, trusts and
charitable organizations, subject to the transferee agreeing in writing to be
bound by the terms of this Agreement, (iv) transfers to any other shareholder
of the Company who has executed a copy of this Agreement on the date hereof
with respect to some or all of the Shares held by such shareholder,  (v)  
transfers or dispositions to the Company for the surrender or delivery
of Shares for the payment of the exercise price of outstanding stock options,
the payment or withholding of applicable taxes in connection with the exercise
of outstanding stock options or any other surrender or deemed surrender of
Shares in connection with the exercise of outstanding stock options to purchase
shares of Company Common Stock and (vi) such transfers as Parent may otherwise
permit in its sole discretion.  Any
transfer or other disposition in violation of the terms of this Section 2 shall
be null and void.

 

3.  Representations and Warranties of
Shareholder.  Shareholder represents
and warrants to and agrees with Parent as follows:

 

A.  Capacity.  Shareholder has all requisite capacity and
authority to enter into and perform his, her or its obligations under this
Agreement.

 

B.  Binding Agreement.  This Agreement constitutes the valid and
legally binding obligation of Shareholder, subject to bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors’ rights and to general equity
principles.

 

C.  Non-Contravention.  The execution and delivery of this Agreement
by Shareholder does not, and the performance by Shareholder of his, her or its
obligations hereunder and the consummation by Shareholder of the transactions
contemplated  hereby will not, violate or
conflict with, or constitute a default under, any agreement, instrument,
contract or other obligation or any order, arbitration award, judgment or
decree to which Shareholder is a party or by which Shareholder is bound, or any
statute, rule or regulation to which Shareholder is subject or, in the event
that Shareholder is a corporation, partnership, trust or other entity, any
charter, bylaw or other organizational document of Shareholder.

 

D.  Ownership of Shares.  Shareholder has good title to all of the
Shares as of the date hereof, and, except as set forth on Annex I hereto, the
Shares are so owned free and clear of any liens, security interests, charges or
other encumbrances.

 

 

2

 

 

4.  Specific Performance and Remedies.  Shareholder acknowledges that it will be
impossible to measure in money the damage to Parent if Shareholder fails to
comply with the obligations imposed by this Agreement and that, in the event of
any such failure, Parent will not have an adequate remedy at law or in equity.  Accordingly, Shareholder agrees that
injunctive relief or other equitable remedy, in addition to remedies at law or
in damages, is the appropriate remedy for any such failure and will not oppose
the granting of such relief on the basis that Parent has an adequate remedy at
law.  Shareholder agrees that Shareholder
will not seek, and agrees to waive any requirement for, the securing or posting
of a bond in connection with Parent’s seeking or obtaining such equitable
relief.  In addition, after discussing
the matter with Shareholder, Parent shall have the right to inform any third
party that Parent reasonably believes to be, or to be contemplating,
participating with Shareholder or receiving from Shareholder assistance in
violation of this Agreement, of the terms of this Agreement and of the rights
of Parent hereunder, and that participation by any such persons with
Shareholder in activities in violation of Shareholder’s agreement with Parent
set forth in this Agreement may give rise to claims by Parent against such
third party.

 

5.  Term of
Agreement; Termination.

 

A.  The term of this Agreement shall commence on
the date hereof.

 

B.  This Agreement shall terminate at the
Effective Time of the Merger or the earlier of (i) at any time prior to
consummation of the Merger by the written consent of the parties hereto and
(ii) termination of the Merger Agreement in accordance with its terms.  Upon such termination, no party shall have
any further obligations or liabilities hereunder; provided, however, such
termination shall not relieve any party from liability for any willful breach
of this Agreement prior to such termination.

 

6.  Entire Agreement.  This Agreement supersedes all prior
agreements, written or oral, among the parties hereto with respect to the
subject matter hereof and contains the entire agreement among the parties with
respect to the subject matter hereof. 
This Agreement may not be amended, supplemented or modified, and no
provisions hereof may be modified or waived, except by an instrument in writing
signed by each party hereto.  No waiver
of any provisions hereof by either party shall be deemed a waiver of any other
provisions hereof by any such party, nor shall any such waiver be deemed a
continuing waiver of any provision hereof by such party.  No party hereto may assign any rights or
obligations hereunder to any other person, except as required by Section 2 or
upon the prior written consent of each other party.  Nothing in this Agreement, expressed or
implied, is intended to or shall confer upon any other person or entity, other
than the parties hereto or their respective successors, any rights, remedies,
obligations or liabilities under or by reason of this Agreement.

 

7.  Notices.  Notices may be provided to Parent and
Shareholder in the manner specified in the Merger Agreement, with all notices
to Shareholder being provided to him or her at the address set forth in Annex I
hereto.

 

3

 

8.  Miscellaneous.

 

A.  Severability.  If any provision of this Agreement or the application
of such provision to any person or circumstances shall be held invalid or
unenforceable by a court of competent jurisdiction, such provision or
application shall be unenforceable only to the extent of such invalidity or
unenforceability, and the remainder of the provision held invalid or
unenforceable and the application of such provision to persons or
circumstances, other than the party as to which it is held invalid, and the
remainder of this Agreement, shall not be affected.

 

B.  Capacity.  The covenants contained herein shall apply to
Shareholder solely in his or her capacity as a shareholder of the Company, and
no covenant contained herein shall apply to Shareholder in his or her capacity
as a director, officer or employee of the Company or in any other fiduciary
capacity.  Nothing contained in this
Agreement shall be deemed to apply to, or limit in any manner, the obligations
of Shareholder to comply with his or her fiduciary duties as a director of the
Company.

 

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

 

D.  Headings.  All Section headings herein are for
convenience of reference only and are not part of this Agreement, and no
construction or reference shall be derived therefrom.

 

E.  Choice of Law.  This Agreement shall be deemed a contract
made under, and for all purposes shall be construed in accordance with, the
laws of the Commonwealth of Pennsylvania, without reference to its conflicts of
law principles.

 

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

 

	
   

  	
   

  	
  KNBT BANCORP, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Name: SCOTT
  V. FAINOR

  
	
   

  	
   

  	
   

  	
  Title: President and Chief
  Executive Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SHAREHOLDER:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Signature)

  

 

 

4

 

 

ANNEX I

SHAREHOLDER AGREEMENT

 

 

	
  Name and Address of

  Shareholder

  	
   

  	
  Shares of Company

  Common Stock

  Beneficially Owned

  (exclusive of unexercised

  stock options)

  	
   

  	
  Options on Company

  Common Stock

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