Document:

First Amendment to the Credit Agreement

 EXHIBIT 10.1.4 

FIRST AMENDMENT TO CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is dated as of February 16, 2012, by and among JACK IN THE BOX INC., a Delaware corporation (the
“Borrower”), the Guarantors, the banks and other financial institutions or entities party hereto (the “Consenting Lenders”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in
such capacity, the “Administrative Agent”). 
 Statement of Purpose 

The Borrower, the Lenders and the Administrative Agent are parties to that certain Credit Agreement dated as of June 29, 2010 (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), pursuant to which the Lenders have extended certain credit facilities to the Borrower. 

The Borrower has requested, and the Consenting Lenders and the Administrative Agent have agreed, subject to the terms and conditions set
forth herein, to amend the Credit Agreement as specifically set forth herein. 
 NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 1.
Capitalized Terms. All capitalized undefined terms used in this Amendment (including, without limitation, in the introductory paragraph and the Statement of Purpose hereto) shall have the meanings assigned thereto in the Credit Agreement.

 2. Amendments. Subject to and in accordance with the terms and conditions set forth herein, the parties hereto hereby
agree that the Credit Agreement is amended as follows: 
 (a) Section 1.1 of the Credit Agreement is hereby amended
by: 
 (i) adding the following new defined term in proper alphabetical order: 

“‘Louisville Purchase’ means the purchase by a Credit Party from a franchisee of certain Qdoba
concept restaurant units located in or around Louisville, Kentucky.” 
 (ii) amending the definition of
“Acquisition” by adding the following additional proviso immediately before the period at the end of such definition: 
 “; provided, further, that notwithstanding anything to the contrary contained herein or in any other Loan Document (including, without limitation, the preceding proviso of this
definition and Section 11.14 hereof), the Louisville Purchase shall, for all purposes of this Agreement, be deemed to be an Acquisition.” 
 (b) Section 10.1 of the Credit Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following: 

“Section 10.1. Maximum Leverage Ratio. As of any fiscal quarter end permit the ratio of (a) Funded Debt
on such date to (b) EBITDA for the four (4) consecutive fiscal quarter period ending on or immediately prior to such date (such ratio, the “Leverage Ratio”) to be greater than the corresponding ratio set forth below:

  

					
	 Period
	  	Maximum Ratio	 
		
	 Closing Date to and including October 2, 2011
	  	 	2.25 to 1.00	  
		
	 October 3, 2011 to and including July 8, 2012
	  	 	2.50 to 1.00	  
		
	 Thereafter
	  	 	2.25 to 1.00	  

 3. Effectiveness. This Amendment shall become effective on the date when the
Administrative Agent or Wells Fargo Securities, LLC (“Wells Fargo Securities”), as applicable, shall have received (a) counterparts of this Amendment executed by the Borrower, the Guarantors, the Required Lenders and the
Administrative Agent and (b) payment of all fees, costs and expenses set forth in Section 7 of this Amendment (including, without limitation, an Amendment Fee (as defined below) for the account of each Lender party hereto).

 4. Limited Effect. Except as expressly provided herein, the Credit Agreement and the other Loan Documents shall remain
unmodified and in full force and effect. This Amendment shall not be deemed (a) to be a waiver of, or consent to, or a modification or amendment of, any other term or condition of the Credit Agreement or any other Loan Document other than as
expressly set forth herein, (b) to prejudice any right or rights which the Administrative Agent or the Lenders may now have or may have in the future under or in connection with the Credit Agreement or the other Loan Documents or any of the
instruments or agreements referred to therein, as the same may be amended, restated, supplemented or modified from time to time, or (c) to be a commitment or any other undertaking or expression of any willingness to engage in any further
discussion with the Borrower, any of its Subsidiaries or any other Person with respect to any other waiver, amendment, modification or any other change to the Credit Agreement or the Loan Documents or any rights or remedies arising in favor of the
Lenders or the Administrative Agent, or any of them, under or with respect to any such documents. References in the Credit Agreement to “this Agreement” (and indirect references such as “hereunder”, “hereby”,
“herein”, “hereof” or other words of like import) and in any Loan Document to the “Credit Agreement” shall be deemed to be references to the Credit Agreement as modified hereby. 

5. Representations and Warranties. The Borrower and each Guarantor represents and warrants that (a) it has the corporate
power and authority to make, deliver and perform this Amendment, (b) it has taken all necessary corporate or other action to authorize the execution, delivery and performance of this Amendment, (c) this Amendment has been duly executed and
delivered on behalf of such Person, (d) this Amendment constitutes a legal, valid and binding obligation of such Person, enforceable against it in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law), (e) each of the
representations and warranties made by the Borrower and the Guarantors in or pursuant to the Loan Documents is true and correct in all material respects (except to the extent that such representation and warranty is subject to a materiality or
Material Adverse Effect qualifier, in which case it shall be true and correct in all respects), in each case on and as of the date hereof as if made on and as of the date hereof, except to the extent that such representations and warranties relate
to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date and (f) no Default or Event of Default has occurred and is continuing as of the date hereof or after
giving effect hereto. 

  
 2 

 6. Acknowledgement and Reaffirmation. By their execution hereof, the Borrower and
each Guarantor hereby expressly (a) consents to this Amendment and (b) acknowledges that the covenants, representations, warranties and other obligations set forth in the Credit Agreement, the Notes and the other Loan Documents to which
the Borrower or such Guarantor is a party remain in full force and effect (it being understood and agreed that to the extent any such covenants, representations, warranties or other obligations are expressly modified herein, such covenants,
representations, warranties or obligations shall continue in full force and effect as expressly modified herein). 
 7.
Costs, Expenses and Taxes. The Borrower agrees to pay (a) in accordance with Section 14.2 of the Credit Agreement all reasonable costs and expenses of the Administrative Agent and Wells Fargo Securities in connection with the
preparation, execution, delivery, administration of this Amendment and the other instruments and documents to be delivered hereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative
Agent and Wells Fargo Securities, (b) to each Consenting Lender who delivers an executed counterpart to this Amendment to the Administrative Agent (or its counsel) prior to 12:00 p.m. (Eastern) on February 15, 2012, an amendment fee (the
“Amendment Fee”) in an amount equal to 0.10% times the sum of the (i) Revolving Credit Commitment of such Lender and (ii) outstanding principal amount of the Term Loans owing to such Lender and (c) to Wells
Fargo Securities, such other fees and expenses as agreed to by the Borrower and Wells Fargo Securities. 
 8. Execution in
Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery
of an executed signature page of this Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. 
 9. Governing Law. This Amendment and the rights and obligations of the parties under this Amendment shall be governed by, and construed and interpreted in accordance with, the law of the state of
New York (including Section 5-1401 and Section 5-1402 of the General Obligations Law of the State of New York), without reference to the conflicts or choice of law principles thereof. 

10. Entire Agreement. This Amendment is the entire agreement, and supersedes any prior agreements and contemporaneous oral
agreements, of the parties concerning its subject matter. 
 11. Successors and Assigns. This Amendment shall be binding
on and inure to the benefit of the parties and their heirs, beneficiaries, successors and permitted assigns. 
 [Signature Pages
Follow] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed under seal
by their duly authorized officers, all as of the day and year first written above. 
  

					
	BORROWER:
	
	JACK IN THE BOX INC., as Borrower

 
					
		
	By:	 	 /S/ PAUL D. MELANCON

 
					
	Name:	 	Paul D. Melancon

 
					
	Title:	 	Vice President, Finance, Controller and Treasurer
	
	GUARANTORS:
	
	JBX GENERAL PARTNER LLC, as Guarantor
		
	By:	 	 Jack in the Box Inc.,
 as sole member

 
					
		
	By:	 	 /S/ PAUL D. MELANCON

 
					
	Name:	 	Paul D. Melancon

 
					
	Title:	 	Vice President, Finance, Controller and Treasurer
	
	JBX LIMITED PARTNER LLC, as Guarantor
		
	By:	 	 Jack in the Box Inc.,
 as sole member

 
					
		
	By:	 	 /S/ PAUL D. MELANCON

 
					
	Name:	 	Paul D. Melancon

 
					
	Title:	 	Vice President, Finance, Controller and Treasurer
	
	JACK IN THE BOX EASTERN DIVISION L.P., as Guarantor
		
	By:	 	 JBX General Partner LLC,
 as general partner

			
		 	By:	 	 Jack in the Box Inc.
 as
sole member

 
					
		
	By:	 	 /S/ PAUL D. MELANCON

 
					
	Name:	 	Paul D. Melancon

 
					
	Title:	 	Vice President, Finance, Controller and Treasurer

  
 Jack in the
Box Inc. 
 First Amendment (2012) 
 Signature Page 

  

			
	QDOBA RESTAURANT CORPORATION, as Guarantor
		
	By:	 	 /S/ JERRY P. REBEL

 
			
	Name:	 	Jerry P. Rebel

 
			
	Title:	 	Chief Financial Officer

  
 Jack in the
Box Inc. 
 First Amendment (2012) 
 Signature Page 

  

			
	AGENT AND LENDERS:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent and Lender
		
	By:	 	 /S/ STEPHEN LEON

 
			
	Name:	 	Stephen Leon

 
			
	Title:	 	Managing Director
	
	BADGERLAND FINANCIAL, FLCA, as Lender

 
			
		
	By:	 	 /S/ LARRY COULTHARD

 
			
	Name:	 	Larry Couthard

 
			
	Title:	 	Vice President, Capital Markets
	
	BANK OF AMERICA, N.A., as Lender

 
			
		
	By:	 	 /S/ WILLIAM M. BULGER, JR.

 
			
	Name:	 	William M. Bulger, Jr.

 
			
	Title:	 	Vice President
	
	BANK OF THE WEST, as Lender

 
			
		
	By:	 	 /S/ JASON ANTRIM

 
			
	Name:	 	Jason Antrim

 
			
	Title:	 	Vice President
	
	CITY NATIONAL BANK, as Lender

 
			
		
	By:	 	 /S/ JEANINE A. SMITH

 
			
	Name:	 	Jeanine A. Smith

 
			
	Title:	 	Vice President

  
 Jack in the
Box Inc. 
 First Amendment (2012) 
 Signature Page 

  

			
	COMERICA BANK, as Lender

 
			
		
	By:	 	 /S/ DON R. CARRUTH

 
			
	Name:	 	Don R. Carruth

 
			
	Title:	 	Vice President
	
	CREDIT INDUSTRIEL ET COMMERCIAL, as Lender

 
			
		
	By:	 	 /S/ BRIAN O’LEARY

 
			
	Name:	 	Brian O’Leary

 
			
	Title:	 	Managing Director

 
			
		
	By:	 	 /S/ ANTHONY ROCK

 
			
	Name:	 	Anthony Rock

 
			
	Title:	 	Managing Director
	
	FIFTH THIRD BANK, as Lender

 
			
		
	By:	 	 /S/ GARY S. LOSEY

 
			
	Name:	 	Gary S. Losey

 
			
	Title:	 	Vice President, Corporate Banking
	
	1st FARM CRDIT SERVICES, PCA, as Lender

 
			
		
	By:	 	 /S/ COREY J. WALDINGER

 
			
	Name:	 	Corey J. Waldinger

 
			
	Title:	 	Vice President, Capital Markets
	
	FIRST TENNESSEE BANK NATIONAL ASSOCIATION, as Lender

 
			
		
	By:	 	 /S/ MATTHEW A. WAGES

 
			
	Name:	 	Matthew A. Wages

 
			
	Title:	 	Vice President

  
 Jack in the
Box Inc. 
 First Amendment (2012) 
 Signature Page 

  

			
	HSBC BANK USA NATIONAL ASSOCIATION, as Lender
		
	By:	 	 /S/ JEAN FRAMMOLINO

 
			
	Name:	 	Jean Frammolino

 
			
	Title:	 	Vice President
	
	MANUFACTURERS BANK, as Lender

 
			
		
	By:	 	 /S/ SANDY LEE

 
			
	Name:	 	Sandy Lee

 
			
	Title:	 	Vice President
	
	MORGAN STANLEY BANK, N. A., as Lender

 
			
		
	By:	 	 /S/ CHRISTOPHER WINTHROP

 
			
	Name:	 	Christopher Winthrop

 
			
	Title:	 	Authorized Signatory
	
	MORGAN STANLEY SENIOR FUNDING, INC., as Lender

 
			
		
	By:	 	 /S/ CHRISTOPHER WINTHROP

 
			
	Name:	 	Christopher Winthrop

 
			
	Title:	 	Authorized Signatory
	
	PNC BANK, NATIONAL ASSOCIATION, as Lender

 
			
		
	By:	 	 /S/ JOHN BERRY

 
			
	Name:	 	John Berry

 
			
	Title:	 	Vice President

  
 Jack in the
Box Inc. 
 First Amendment (2012) 
 Signature Page 

  

			
	COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND” NEW YORK BRANCH, as Lender

 
			
		
	By:	 	 /S/ STEVEN CASHIOLA

 
			
	Name:	 	Steven Cashiola

 
			
		 	Title: Vice President

 
			
		
	By:	 	 /S/ BRETT DELFINO

 
			
	Name:	 	Brett Delfino

 
			
	Title:	 	Executive Director
	
	RAYMOND JAMES BANK, N.A., as Lender

 
			
		
	By:	 	 /S/ JOSEPH A. CICCOLINI

 
			
	Name:	 	Joseph A. Ciccolini

 
			
	Title:	 	Vice President, Senior Corporate Banker
	
	STATE BANK OF INDIA, as Lender

 
			
		
	By:	 	 /S/ VIJAYALAKSHMI MUDDU

 
			
	Name:	 	Vijayalakshmi Muddu

 
			
	Title:	 	Vice President & Hear (Syndications)
	
	UNION BANK, N.A., as Lender

 
			
		
	By:	 	 /S/ GLENN FORTIN

 
			
	Name:	 	Glenn Fortin

 
			
	Title:	 	Vice President

  
 Jack in the
Box Inc. 
 First Amendment (2012) 
 Signature PageForm of Stock Option and Performance Share Awards Agreement

 EXHIBIT 10.8.7 

JACK IN THE BOX INC. 
 STOCK OPTION AND PERFORMANCE SHARE AWARD AGREEMENT 
 UNDER THE 2004 STOCK
INCENTIVE PLAN 
 This Stock Option and Performance Share Award Agreement (the “Agreement”) is made and entered
into effective as of <<Grant Date>> (the “Grant Date”) by and between Jack in the Box Inc., a Delaware corporation (the “Company”), and <<Full Name>> (the “Awardee”). 

RECITALS 

The Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) which administers
the Company’s 2004 Stock Incentive Plan, as amended from time to time (the “Plan”), has granted to the Awardee as of the Grant Date this award of Stock Options (the “Option”) and Performance Shares (the “PSU
Award”) (collectively, the “Award”) on the terms and conditions set forth herein. 
 AGREEMENT 

In consideration of the foregoing and of the mutual covenants set forth herein and other good and valuable consideration, the parties
hereto agree as follows: 
 1 CONSIDERATION. The Option and PSU Award have been granted in consideration of the
Awardee’s continued employment with the Company or a Subsidiary Corporation and acceptance by the Awardee of the terms and conditions set forth below and in the Plan. 
 OPTION AWARD 
 2.1 SHARES OPTIONED; OPTION PRICE. The Awardee may
purchase all or any part of an aggregate of <<#shares>> shares of Stock, at the exercise price of $<<exercise price>> per share (the “Option Exercise Price”), subject to the terms and conditions set forth herein.

 2.2 OPTION TERM; EXERCISABILITY. The Option shall terminate and no portion of the Option may be exercised in whole or
in part after the close of trading on the NASDAQ Stock Market on the seventh (7th) anniversary of the Grant Date (the “Expiration Date”). 
 Subject to the terms and conditions described in this Agreement, the Option shall become exercisable in accordance with the schedule below: 

(1) One third on <<date>>. 
 (2) One third on <<date>>. 
 (3) One third on <<date>>.

 2.3 EXERCISE DATES. Subject to the terms and conditions herein and in the Plan, the Option shall become exercisable,
on each of the dates and to the extent provided on each date as provided in Section 2.2 above, subject to the Awardee being continuously employed by the Company or a Subsidiary Corporation from the Grant Date through the applicable
exercisability dates. No portion of the Option will become exercisable after the Awardee’s employment ceases, except as provided below in the event that the Awardee’s employment ceases due to Disability. Fractional shares may not be
purchased or delivered hereunder. Once exercisable and until terminated, all or any portion of the exercisable Option may be exercised from time to time and at any time under procedures that the Company shall establish from time to time, including,
without limitation, procedures regarding the frequency of exercise and the minimum number of shares of Stock which may be purchased at any time. 

 2.4 EXERCISING THE OPTION. This Option may be exercised only by the Awardee or his
or her permitted transferees and only by the methods set forth herein. Subject to the terms and conditions of the Plan, the Awardee may exercise all or any portion of the Option by giving notice of exercise to the Company or its designee in the
manner specified from time to time by the Company, accompanied by payment or instructions for payment in full of the Option Exercise Price for the shares being purchased together with any amount which the Company may withhold upon such exercise for
applicable foreign, federal (including FICA), state and local taxes. Each such notice shall specify the number of shares of Stock to be purchased, the Option Exercise Price, the Grant Date, and such other matters as required by the Committee.

 2.5 PAYMENT OF EXERCISE PRICE. The payment of the aggregate Option Exercise Price shall be means of a payment under an
arrangement with a broker approved by the Company where payment is made pursuant to an irrevocable commitment by the broker to deliver to the Company the proceeds from the sale of the Stock issuable upon exercise of the Option. 

2.6 TERMINATION OF EMPLOYMENT. 
 (a) Termination for Cause. If the Awardee ceases to be employed by the Company or a Subsidiary Corporation because of the Awardee’s discharge for cause, as determined by the Committee in its
sole discretion, then this Option shall expire immediately upon such cessation of employment. 
 (b) Termination of
Employment in General. If the Awardee ceases to be employed by the Company or a Subsidiary Corporation because of the Awardee’s cessation of employment for any reason other than termination for cause, Retirement, death, or Disability, then
the portion of this Option, if any, that is not then exercisable shall terminate immediately and the portion of this Option, if any, that is then exercisable shall expire ninety days following such cessation of employment, but not later than the
Expiration Date. During such period after the Awardee ceases to be an employee, this Option shall be exercisable only as to those shares, if any, with respect to which the Awardee could have exercised the Option as of the date of such cessation of
employment. 
 (c) Retirement. If the Awardee ceases to be employed by the Company or any Subsidiary Corporation because
of the Awardee’s Retirement, then this Option shall be exercisable only as to those shares, if any, (i) with respect to which the Awardee could have exercised the Option as of the date of such cessation of employment, and (ii) for
each twelve full months during which the Awardee was in the employ of the Company or a Subsidiary Corporation an additional 5% of the aggregate number of shares covered by the Option (total exercisable shares not to exceed original grant amount),
and the balance of the Option shall terminate immediately; provided, however, that all rights under the exercisable portion of the Option shall expire, in any event, on the Expiration Date specified in Section 2.2 hereof. As used in this
Agreement, “Retirement” means the Awardee’s termination of employment other than for cause (as determined by the Committee in its sole discretion) due to retirement at age 55 or older with 10 or more full years of continuous
employment with the Company or a Subsidiary Corporation. 
 (d) Death. If the Awardee shall die while in the employment
of the Company or a Subsidiary Corporation, and such deceased Awardee shall not have suffered Disability (as defined below) within ninety days prior to death, then this Option shall be exercisable by the person or persons to whom the Awardee’s
rights under the Option shall have passed by will or by applicable laws of descent and distribution, as to all shares covered by the Option without regard to the exercisability schedule; provided, however, that all rights under the Option shall
expire, in any event, on the Expiration Date specified in Section 2.2 hereof. 
 (e) Disability. If the Awardee
shall suffer a Disability while in the employment of the Company or a Subsidiary Corporation, this Option shall continue to become exercisable in accordance with Section 2.2 hereof 

 
for twelve months following the Awardee’s first day of absence from work with the Company or a Subsidiary Corporation due to Disability; provided, however, that all rights under the Option
shall expire, in any event, on the Expiration Date specified in Section 2.2 hereof. As used in this Agreement, “Disability” means a physical or mental condition that results in a total and permanent disability to such extent that the
person is eligible for disability benefits under the federal Social Security Act. 
 2.7 BUY OUT OF OPTION GAINS. At any
time after an Option becomes exercisable, the Committee shall have the right to elect, in its sole discretion and without the consent of the holder thereof, to cancel such Option and to pay to the Awardee the excess of the fair market value of the
shares of Stock covered by such Option over the Option Exercise Price of such Option at the date the Committee provides written notice (the “Buy Out Notice”) of the intention to exercise such right. Buyouts pursuant to this provision shall
be effected by the Company as promptly as possible after the date of the Buy Out Notice. Payments of buyout amounts may be made in cash, in shares of Stock, or partly in cash and partly in shares of Stock, as the Committee deems advisable. To the
extent payment is made in Stock, the number of shares shall be determined by dividing the amount of the payment to be made by the fair market value of a share of Stock at the date of the Buy Out Notice. In no event shall the Company be required to
deliver a fractional share of Stock in satisfaction of this buy out provision. Payments of any such buy out amounts shall be made net of any applicable foreign, federal (including FICA), state and local withholding taxes. For the purposes of this
provision, fair market value shall be equal to the average of the high and low prices at which a share of Stock is traded on the NASDAQ Stock Market on the relevant date. 
 2.8 EFFECT OF CHANGE IN CONTROL. Subject to the provisions of the Plan, in the event of a Change in Control, the Acquiring Corporation may, without the consent of the Awardee, either assume the
Company’s rights and obligations under outstanding Options or substitute for outstanding Options substantially equivalent options for the Acquiring Corporation’s stock. In the event that the Acquiring Corporation elects not to assume or
substitute for outstanding Options in connection with a Change in Control, the exercisability and vesting of each such outstanding Option and any shares acquired upon the exercise thereof held by an Awardee whose employment has not terminated prior
to such date shall be accelerated, effective as of the date ten (10) days prior to the date of the Change in Control. The exercise or vesting of any Option in accordance with the foregoing shall be conditioned upon the consummation of the
Change in Control. Any Options which are neither assumed or substituted for by the Acquiring Corporation in connection with the Change in Control nor exercised as of the date of the Change in Control shall terminate and cease to be outstanding
effective as of the date of the Change in Control. 
 2.9 RESPONSIBILITY FOR EXERCISE. The Awardee hereby acknowledges
that he or she is responsible for taking any and all actions as may be required to exercise this Option in a timely manner and for properly executing any such documents as may be required for exercise in accordance with such rules and procedures as
may be established by the Committee from time to time. By signing this Agreement, the Awardee acknowledges that information regarding the procedures and requirements for exercise of the Option is available upon request. The Company shall have no
duty or obligation to notify the Awardee of the date on which this Option will expire or otherwise terminate. 
 PSU AWARD

 3.1 PSU AWARD. The Committee hereby grants <<# units>> Performance Shares at “target” to the
Awardee on the terms and conditions set forth herein. Each Performance Share represents an unfunded and unsecured promise of the Company to deliver a share of Stock to Awardee upon vesting, subject to the requirements set forth herein. The actual
number of shares of Stock payable, if any, to the Awardee in settlement of the PSU Award will depend on whether and to the extent that performance goals established by the Committee are attained within the applicable Performance Period (as that term
is defined in Section 3.3 herein) as described in Appendix I to this Award. 

 3.2 VESTING. The PSU Award shall become vested upon the achievement, if any, of
Company Performance Goals (“Performance Goals”) for the Performance Period (as that term is defined in Section 3.3 herein), as described in Appendix I to this Award, the achievement of which shall be determined by the Committee after
the end of the Performance Period. No portion of the PSU Award shall become vested at any time prior to the date the Committee certifies achievement of the Performance Goals for the Performance Period. The Awardee must be employed by the Company or
a Subsidiary Corporation continuously from the Grant Date through the last day of the Performance Period to receive payment of the PSU Award due to satisfaction of the Company Performance Goals, except as provided in Section 3.5 (Termination of
Employment) of this Agreement. If any shares subject to this PSU Award would otherwise become vested on a day on which the sale of such shares would violate the provisions of the Company’s Employee/Insider Trading policy, then such vesting
automatically shall be deemed to occur on the second business day of the next “window” period opened in accordance with the Company’s Employee/Insider Trading policy. 

3.3 PERFORMANCE PERIOD. The Performance Period for the PSU Award shall be the period that begins on <<date>> and ends
on <<date>> (the “Performance Period”). 
 3.4 DISTRIBUTION. A PSU Award that has become vested in
accordance with Section 3.2 of this Agreement due to achievement of the Performance Goals will be settled in shares of Stock. The Company, to the extent permitted by law, may deduct any income taxes, FICA, state disability insurance or other
similar payroll and withholding taxes arising from the receipt or vesting of the PSU Award from any payment of any kind due to the Awardee, including the PSU Award, and the net balance will be settled in whole shares of Stock of the Company
(“Award Shares”) and distributed in a single distribution no later than December 31 of the calendar year in which the Performance Period ends by depositing such shares of Stock for the benefit of the Awardee with the Company’s
designated broker. 
 3.5 TERMINATION OF EMPLOYMENT. 

(a) General. Except as set forth in paragraph (b) below, if the Awardee ceases to be employed by the Company or any
Subsidiary Corporation prior to the last day of the Performance Period for any reason other than termination for Retirement, Disability, or death, then the PSU Award will be forfeited to the Company immediately and automatically upon such cessation
without payment of any consideration for the PSU Award, and the Awardee will have no further right, title or interest in or to the PSU Award, any Performance Shares, or any shares of Stock. 

(b) Termination due to Retirement, Disability, or Death. If the Awardee ceases to be employed by the Company or any Subsidiary
Corporation prior to the last day of the Performance Period due to the Awardee’s Retirement, Disability, or death, then provided that as of <<date 1 year from start of Performance Period>>, the Awardee is still employed by the
Company or a Subsidiary Corporation, and had been continuously employed by the Company or a Subsidiary Corporation since the Grant Date, this PSU Award shall become vested and payable at the end of the Performance Period as described in
Section 3.4 solely based on the level of achievement of Company Performance Goals as determined by the Committee, multiplied by a fraction, the numerator of which is the number of full accounting periods the Awardee was continuously employed by
the Company or a Subsidiary Corporation during the Performance Period, and the denominator of which is thirty-nine (39). (The Company divides each of its fiscal years into 13 “accounting periods” of four or five weeks each.) 

3.6 EFFECT OF CHANGE IN CONTROL. Subject to the terms of the Plan, in the event of a Change in Control, the PSU Award held by the
Awardee whose employment has not terminated prior to such date shall become payable effective as of the date of the Change in Control (except as otherwise provided in this Agreement). For this purpose, the final value of the PSU Award shall be
determined by the greater of (a) the extent to which the applicable Performance Goals have been attained during the Performance Period prior to the date of the Change in Control or (b) the pre-established 100% level with respect to each
Performance Target comprising the applicable Performance Goals. Any acceleration of the PSU Award in accordance with the foregoing shall be conditioned upon the consummation of the Change in Control. 

 OPTION AND PSU AWARDS 

 

	4	AWARD AS COMPENSATION. No amount attributable to this Award shall be considered as compensation for the purposes of any other Company sponsored plan.

  

	5	NON-TRANSFERABILITY. Except as otherwise provided in this Paragraph, this Award is not transferable other than by will or the laws of descent and distribution.
This Award shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall not be subject to execution, attachment or similar process. Upon any attempt to transfer
this Award otherwise than by will or the laws of descent and distribution or to assign, pledge, hypothecate or otherwise dispose of this Award, other than as permitted herein, or upon the levy of any execution, attachment or similar process upon
this Award, this Award shall immediately terminate and become null and void. Notwithstanding the foregoing, with the approval of the Committee, the Option may be transferred to a trust for the benefit of the Awardee or the Awardee’s
“family member” as that term is defined in the General Instructions to Form S-8 Registration Statement under the Securities Act. 

  

	6	LEGALITY. The Company shall not be required to issue any shares of Stock subject to this Award unless and until all applicable requirements of the Securities and
Exchange Commission (the “SEC”), the California Department of Corporations or other regulatory agencies having jurisdiction with respect to such issuance, and any exchanges upon which the Stock may be listed, shall have been fully complied
with. If the shares of Stock subject to this Award are being distributed subject to restrictions or if the rules and interpretations of the SEC so require, such shares may be issued only if the Awardee represents and warrants in writing to the
Company that the shares are being acquired for investment and not with a view to the distribution thereof, and any certificates issued upon distribution of the shares shall bear appropriate legends setting forth the restrictions on transfer of such
shares. Such legends may not be removed until the Company so requests, based on the opinion of the Company’s counsel that the restrictions are no longer applicable. 

 

	7	ADJUSTMENTS IN STOCK; DISSOLUTION OR LIQUIDATION. Subject to the provisions of the Plan, if the outstanding shares of the Company Stock of the class subject to
this Award are increased or decreased, or are changed into or exchanged for a different number or kind of shares or securities as a result of one or more reorganizations, recapitalizations, stock splits, reverse stock splits, stock dividends and the
like, appropriate adjustments, to be conclusively determined by the Committee, shall be made in the number and/or type of shares or securities subject to this Award and any fractional shares resulting from adjustments shall be rounded down to the
nearest whole number. Upon the dissolution or liquidation of the Company, the Award will terminate in full for no consideration. 

  

	8	EMPLOYMENT. Nothing in the Plan or in this Agreement shall confer upon the Awardee any right to continue in the employment of the Company or any of its
subsidiaries or interfere in any way with any right of the Company to terminate the Awardee’s employment at any time. 

  

	9	PLAN CONTROLS. The Award and all terms and conditions set forth in this Agreement are subject in all respects to the terms and conditions of the Plan, which is
incorporated herein by reference, as may be amended from time to time (but no amendment to the Plan shall adversely affect the Awardee’s rights under this Award) and any rules and regulations promulgated by the Committee, which shall be
controlling. All constructions, interpretations, rule determinations or other actions taken by the Committee shall be final, binding and conclusive on all interested parties, including the Company and its Subsidiary Corporations and all former,
present and future employees of the Company or its Subsidiary Corporations. Capitalized terms that are not defined herein shall have the definition given to them in the Plan. 

	10	ARBITRATION. Any dispute or claim concerning any Awards granted (or not granted) pursuant to the Plan and this Agreement and any other disputes or claims
relating to or arising out of the Plan and this Agreement shall be fully, finally and exclusively resolved by binding arbitration conducted in San Diego, California, by either (i) the American Arbitration Association in accordance with its
rules and procedures, or (ii) by any party mutually agreed upon by the Committee and the claimant. BY ACCEPTING AN AWARD, THE AWARDEE AND THE COMPANY WAIVE THEIR RESPECTIVE RIGHTS TO HAVE ANY DISPUTES OR CLAIMS TRIED BY A JUDGE OR JURY.

  

	11	LAWS GOVERNING. The Award and the Plan shall be construed and enforced in accordance with the laws of the State of Delaware without regard to the principles of
conflicts of law. 

  

	12	RECEIPT OF PROSPECTUS. The Awardee hereby acknowledges that he or she has received a copy of the prospectus relating to the Award and the shares covered thereby
and the Plan. 

  

	13	AWARD AGREEMENT. This Agreement has no cash value or other legal significance and the entitlement of any rights here under shall be governed by the terms of the
Plan and the books and records maintained by the Company. 

  

	14	ELECTRONIC DELIVERY OF DOCUMENTS. By signing this Agreement, the Awardee (i) consents to the electronic delivery of this Agreement, all information with
respect to the Plan and the Award, and any reports of the Company provided generally to the Company’s stockholders; (ii) acknowledges that the Awardee may receive from the Company a paper copy of any documents delivered electronically at
no cost to the Awardee by contacting the Company by telephone or in writing; (iii) further acknowledges that the Awardee may revoke the Awardee’s consent to the electronic delivery of documents at any time by notifying the Company of such
revoked consent by telephone, postal service or electronic mail; and (iv) further acknowledges that the Awardee understands that the Awardee is not required to consent to electronic delivery of documents. 

 

	15	MISCELLANEOUS. 

 (a) This
writing constitutes the entire agreement of the parties with respect to the subject matter hereof and may not be modified or amended except by a written agreement signed by the Awardee and the Company other than as provided in paragraph
(g) below. Anything in this Agreement to the contrary notwithstanding, any modification or amendment of this Agreement by a written agreement signed by, or binding upon, the Awardee shall be valid and binding upon any and all persons or
entities who may, at any time, have or claim any rights under or pursuant to this Agreement (including all Awardees hereunder) in respect of the Award granted to the Awardee. 
 (b) No waiver of any breach or default hereunder shall be considered valid unless in writing and no such waiver shall be deemed a waiver of any subsequent breach or default of the same or similar nature.
Anything in this Agreement to the contrary notwithstanding, any waiver, consent or other instrument under or pursuant to this Agreement signed by, or binding upon, the Awardee shall be valid and binding upon any and all persons or entities (other
than the Company) who may, at any time, have or claim any rights under or pursuant to this Agreement (including all Awardees hereunder) in respect of the Award originally granted to the Awardee. 

(c) Except as otherwise expressly provided herein, this Agreement shall be binding upon and inure to the benefit of the Company, its
successors and assigns, and the Awardee and his heirs, personal representatives, successors and assigns; provided, however, that nothing contained herein shall be construed as granting the Awardee the right to transfer any of his Award except in
accordance with this Agreement. If the Award is settled after the death of the Awardee, the Award shall be considered transferred to the person or persons (the 

 
“Heir”) to whom the Awardee’s rights under the Award passed by will or by the applicable laws of descent and distribution, as to all shares of Stock granted under this Award. It
shall be the responsibility of the Heir to notify the Company of any changes in address. 
 (d) If any provision of this
Agreement shall be invalid or unenforceable, such invalidity or unenforceability shall attach only to such provision and shall not in any manner affect or render invalid or unenforceable any other severable provision of this Agreement, and this
Agreement shall be carried out as if any such invalid or unenforceable provision were not contained herein. 
 (e) The section
headings contained herein are for the purposes of convenience only and are not intended to define or limit the contents of said sections. 
 (f) Each party hereto shall cooperate and shall take such further action and shall execute and deliver such further documents as may be reasonably requested by any other party in order to carry out the
provisions and purposes of this Agreement. 
 (g) This Agreement is intended to be exempt from Section 409A of the Code.
Should any provision of this Agreement be found to be contrary to this intent, it shall be modified and given effect, in the sole discretion of the Committee and without requiring the Awardee’s consent (notwithstanding anything herein to the
contrary), in such manner as the Committee determines to be necessary or appropriate to effectuate an exemption from Section 409A of the Code or comply therewith. The Company has no duty or obligation to minimize the tax consequences to the
Awardee of this Award and shall not be liable for any adverse tax consequences to the Awardee arising in connection with this Award. 
 (h) This Agreement may be executed in counterparts, all of which taken together shall be deemed one original. 
 [signatures are on the next page] 

 IN WITNESS WHEREOF, the Company has caused this Award Agreement to be executed on its
behalf by its President or one of its Vice Presidents and the Awardee has executed, effective on the Grant Date. 
  

					
	JACK IN THE BOX INC.	 		 	AWARDEE
			
	  
	 		 	  

		 		 	Signature
			
		 		 	  

		 		 	Name
			
		 		 	  

		 		 	Street Address
			
		 		 	  

		 		 	City, State Zip
			
		 		 	  

		 		 	Social Security Number

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