Document:

HFCQ4201310KExhibit1036

EXECUTION VERSION

Exhibit 10.36

THIRD AMENDMENT TO LEASE AND ACCESS AGREEMENT 
(EL DORADO)
This Third Amendment to Lease and Access Agreement (El Dorado) (this “Third Amendment”) is executed to be effective as of January 7, 2014 (the “Effective Date”), between FRONTIER EL DORADO REFINING LLC, a Delaware limited liability company (“Lessor”), and EL DORADO LOGISTICS LLC, a Delaware limited liability company (“Lessee”).
RECITALS:
A.    Lessor and Lessee are parties to that certain Lease and Access Agreement (El Dorado) dated effective as of November 1, 2011 (the “Original Lease”).  The Original Lease, as amended by that certain First Amendment to Lease and Access Agreement (El Dorado) dated effective as of August 15, 2012 (the “First Amendment”) and by that certain Second Amendment to Lease and Access Agreement (El Dorado) dated effective as of December 5, 2012 (the “Second Amendment”), is referred to herein as the “Amended Lease”.  Capitalized terms used but not defined in this Third Amendment shall have the meanings given to such terms in the Amended Lease.
B.    Pursuant to the Amended Lease, Lessee is currently leasing from Lessor the Premises underlying the Relevant Assets within the Refinery Site.
C.    Lessee has constructed or is constructing an additional storage tank located within the Refinery Site having a tank identification number of 647 (“Tank 647”).
D.    Lessor and Lessee now desire to amend the Amended Lease to, among other matters more particularly set forth herein, to (i) add Tank 647 to the Relevant Assets, and (ii) add the land underlying Tank 647, as more particularly described in Exhibit A attached hereto (the “Tank 647 Land”), to the Premises.
AGREEMENTS:
For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lessor and Lessee agree as follows:
1.Definitions.  Notwithstanding anything in the Amended Lease to the contrary, from and after the Effective Date, the following defined terms shall have the meanings set forth below:
1.1    “Lease” means the Amended Lease, as amended by this Third Amendment and as it may be further amended, restated or otherwise modified from and after the Effective Date.
1.2    “Throughput Agreement” means the Second Amended and Restated Pipeline Delivery, Tankage and Loading Rack Throughput Agreement (El Dorado), dated as of the Effective Date hereof, by and between Lessor and Lessee, as it may be amended, restated or otherwise modified from time to time.
2.    Addition of Tank 647 to the Relevant Assets.  Tank 647 is hereby added to the Relevant Assets under the Amended Lease, as amended by this Third Amendment.  From and after the Effective Date, all references in the Amended Lease, as amended by this Third Amendment, to the Relevant Assets shall be deemed to include Tank 647.
3.    Addition of Tank 647 Land to the Premises.  The Tank 647 Land is hereby added to the Premises under the Amended Lease, as amended by this Third Amendment.  From and after the Effective Date, all references in the Amended Lease, as amended by this Third Amendment, to the Premises shall be deemed to include the Tank 647 Land.
4.    Amendment to Memorandum of Lease.  Concurrently with the execution of this Third Amendment, the Parties shall execute, acknowledge, deliver and record the Third Amendment to Memorandum of Lease (the “Memorandum Third Amendment”) attached to this Third Amendment as Exhibit B.  All rights and obligations of the Parties set forth in Section 11.13 of the Original Lease with respect to or otherwise in connection with the Lessee Release shall be applicable to the Memorandum Third Amendment, and are incorporated into this Third Amendment by this reference as if fully set forth herein.
5.    Ratification.  Each of Lessor and Lessee hereby ratifies and confirms its obligations under the Amended Lease, as amended hereby, and represents and warrants to the other Party that it has no defenses thereto.
6.    Binding Effect; Governing Law.  Except as modified hereby, the Amended Lease shall remain in full effect and this Third Amendment shall be binding upon Lessor and Lessee and their respective successors, sublessees and assigns.  Nothing in this Section 6 shall be construed to waive the conditions contained in the Amended Lease applicable to assignment or subletting of the Premises by the Parties.  If any inconsistency exists or arises between the terms of this Third Amendment and the terms of the Amended Lease, the terms of this Third Amendment shall prevail.  This Third Amendment shall be governed by the laws of the State of Kansas.
7.    Counterparts.  This Third Amendment may be executed in multiple counterparts, each of which shall constitute an original, but all of which shall constitute one document.
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

The Parties have executed this Third Amendment to be effective as of the Effective Date.
		
	LANDLORD:
	LESSOR:    FRONTIER EL DORADO REFINING LLC, a Delaware limited liability company

By: /s/ Michael C. Jennings    
Michael C. Jennings,
Chief Executive Officer and President

		
	TENANT:
	LESSEE:    EL DORADO LOGISTICS LLC, a Delaware limited liability company

By: /s/ Bruce R. Shaw    
Bruce R. Shaw,
President

Exhibit A 
 
TANK 647 LAND
A tract of land lying in the Southwest Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows:

COMMENCING at the northeast corner of the said Southwest Quarter, from whence the northwest corner of the Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet;

THENCE South 88°24'26" West, along the north line of said Southwest Quarter, a distance of 869.29 feet;

THENCE South 03°51'33" East a distance of 264.28 feet;

THENCE South 44°13'56" West a distance of 107.82 feet to the POINT OF BEGINNING;

THENCE North 90°00’00” East a distance of 414.78 feet;

THENCE South 02°12'14" East a distance of 242.38 feet;

THENCE South 44°22'24" West a distance of 131.44 feet;

THENCE South 87°40'25" West a distance of 332.81 feet;

THENCE North 00°03'30" East a distance of 349.66 feet to the POINT OF BEGINNING.

Said tract of land containing 139,420 square feet or 3.2006 acres, more or less.

EXHIBIT B     
 
MEMORANDUM THIRD AMENDMENT
[Follows this page.]

THIRD AMENDMENT TO MEMORANDUM OF LEASE
THIS THIRD AMENDMENT TO MEMORANDUM OF LEASE (this “Third Amendment”) is made and entered into to be effective as of 12:01 a.m. Dallas, Texas time on January 7, 2014 (the “Effective Date”), by and between FRONTIER EL DORADO REFINING LLC, a limited liability company organized and existing under the laws of Delaware, having an office address at 2828 N. Harwood, Suite 1300, Dallas, Texas 75201 (“Lessor”), and EL DORADO LOGISTICS LLC, a limited liability company organized and existing under the laws of Delaware, having an office address at 2828 N. Harwood, Suite 1300, Dallas, Texas 75201 (“Lessee”).
RECITALS
A.Lessor and Lessee are parties to that certain Lease and Access Agreement dated effective as of November 1, 2011 (the “Original Ground Lease), pursuant to which Lessee leases from Lessor the Premises located in Butler County, Kansas.
B.    The Original Ground Lease was evidenced by that certain Memorandum of Lease, dated effective as of November 1, 2011, recorded in the real property records of Butler County, Kansas in Book 2013, Page 4797 (the “Original Memorandum”).
C.    Lessor and Lessee amended the Original Ground Lease pursuant to that certain First Amendment to Lease and Access Agreement dated effective as of August 15, 2012 (the “Ground Lease First Amendment”; the Original Ground Lease, as amended by the Ground Lease First Amendment, is referred to herein as the “First Amended Ground Lease”).
D.    The Ground Lease First Amendment was evidenced by that certain First Amendment to Memorandum of Lease dated effective as of August 15, 2012, recorded (or to be recorded) in the real property records of Butler County, Kansas (the “Memorandum First Amendment”; the Original Memorandum, as amended by the Memorandum First Amendment, is referred to herein as the “First Amended Memorandum”).
E.    Lessor and Lessee amended the First Amended Ground Lease pursuant to that certain Second Amendment to Lease and Access Agreement dated effective as of December 5, 2012 (the “Ground Lease Second Amendment”; the First Amended Ground Lease, as amended by the Ground Lease Second Amendment, is referred to herein as the “Second Amended Ground Lease”).
F.    The Ground Lease Second Amendment was evidenced by that certain Second Amendment to Memorandum of Lease dated effective as of December 5, 2012, recorded (or to be recorded) in the real property records of Butler County, Kansas (the “Memorandum Second Amendment”; the First Amended Memorandum, as amended by the Memorandum Second Amendment, is referred to herein as the “Second Amended Memorandum”).
G.    Lessor and Lessee amended the Second Amended Ground Lease pursuant to that certain Third Amendment to Lease And Access Agreement dated effective as of the Effective Date (the “Ground Lease Third Amendment”; the Second Amended Ground Lease, as amended by the Ground Lease Third Amendment, is referred to herein as the “Third Amended Ground Lease”).
H.    Lessor and Lessee now desire to amend the Second Amended Memorandum to provide record notice of the Ground Lease Third Amendment and certain of the terms thereof.  Capitalized terms which are used but not defined herein shall have the meanings given to them in the Second Amended Memorandum.
NOW, THEREFORE, Lessor and Lessee do hereby give public notice as follows:
1.    Ground Lease.  Notwithstanding anything in the Second Amended Memorandum to the contrary, from and after the Effective Date the definition of Ground Lease shall be as follows:
“Ground Lease” means the Third Amended Ground Lease, as it may be further amended, restated or otherwise modified from time to time.
2.    Memorandum.  Notwithstanding anything in the Second Amended Memorandum to the contrary, from and after the Effective Date the definition of Memorandum shall be as follows:
“Memorandum” means the Second Amended Memorandum, as amended by this Third Amendment, and as it may be further amended, restated or otherwise modified from time to time.
3.    Tank 647.  Lessee has constructed or is constructing Tank 647 (as defined in the Third Amended Ground Lease) upon the portion of Lessor’s Property more particularly described in Exhibit A attached hereto (the “Tank 647 Land”).  Accordingly, as of the Effective Date, (a) Tank 647 is and shall be added to and included within the definition of the Relevant Assets under the Second Amended Memorandum, as amended by this Third Amendment, and (b) the Tank 647 Land is and shall be added to and included within the definition of the Premises under the Second Amended Memorandum, as amended by this Third Amendment.
4.    Confirmation of Memorandum.  Each of Lessor and Lessee hereby ratifies and confirms the Second Amended Memorandum, as amended hereby, and represents and warrants to the other party that it has no defenses thereto.
5.    Ground Lease Governs.  The Second Amended Memorandum and this Third Amendment have been executed and recorded as notice of the Ground Lease in lieu of recording the Ground Lease itself.  Lessor and Lessee intend that the Memorandum be only a memorandum of the Ground Lease, and reference is hereby made to the Ground Lease itself for all of the terms, covenants and conditions thereof.  Lessor and Lessee hereby covenant and agree that the Memorandum is and shall be subject to the terms and conditions more particularly set forth in the Ground Lease.  The Memorandum is not intended to modify, limit or otherwise alter the terms, conditions and provisions of the Ground Lease.  In the event of any conflict, ambiguity or inconsistency between the terms and provisions of the Memorandum and the terms and provisions of the Ground Lease, the terms and provisions of the Ground Lease shall govern, control and prevail.
IN WITNESS WHEREOF, the undersigned have caused this Third Amendment to be executed as of the dates set forth in their respective acknowledgments below, to be effective as of the Effective Date.

	
		
	 
	LESSOR:
FRONTIER EL DORADO REFINING LLC, a Delaware limited liability company

By:   
Name:   
Title:   

	 
	LESSEE:
EL DORADO LOGISTICS LLC, a Delaware limited liability company

By:   
Name:   
Title:   

	 
	 

STATE OF TEXAS        §
 
                §
 
COUNTY OF DALLAS    §

This instrument was acknowledged before me on January __, 2014, by ____________________, ____________________ of FRONTIER EL DORADO REFINING LLC, a Delaware limited liability company, on behalf of said limited liability company.
 
Notary Public, State of Texas

STATE OF TEXAS        §
 
        §
 
COUNTY OF DALLAS        §
This instrument was acknowledged before me on January __, 2014, by ____________________, ____________________ of EL DORADO LOGISTICS LLC, a Delaware limited liability company, on behalf of said limited liability company.

 
Notary Public, State of Texas
EXHIBIT A 
 
TANK 647 LAND
A tract of land lying in the Southwest Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows:

COMMENCING at the northeast corner of the said Southwest Quarter, from whence the northwest corner of the Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet;

THENCE South 88°24'26" West, along the north line of said Southwest Quarter, a distance of 869.29 feet;

THENCE South 03°51'33" East a distance of 264.28 feet;

THENCE South 44°13'56" West a distance of 107.82 feet to the POINT OF BEGINNING;

THENCE North 90°00’00” East a distance of 414.78 feet;

THENCE South 02°12'14" East a distance of 242.38 feet;

THENCE South 44°22'24" West a distance of 131.44 feet;

THENCE South 87°40'25" West a distance of 332.81 feet;

THENCE North 00°03'30" East a distance of 349.66 feet to the POINT OF BEGINNING.

Said tract of land containing 139,420 square feet or 3.2006 acres, more or less.

THIRD AMENDMENT TO MEMORANDUM OF LEASE

 
Effective Date:  January 7, 2014 

THIRD AMENDMENT TO MEMORANDUM OF LEASE
BETWEEN
FRONTIER EL DORADO REFINING LLC,
AS LESSOR
AND
EL DORADO LOGISTICS LLC,
AS LESSEE
Record and return to:
HollyFrontier Corporation 
2828 N. Harwood, Suite 1300 
Dallas, Texas  75201 
Attention: Denise C. McWatters 
Telecopy: 214.242.5063

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1984462v.4 HOL183/52004DIN-12.31.2013-10K-Ex 10.19

  [Ratable Vesting – Employees]                                                                              Exhibit 10.19

DINEEQUITY, INC.  
2011 STOCK INCENTIVE PLAN 
RESTRICTED STOCK AWARD AGREEMENT
THIS RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”) is entered into as of ___________ (the “Date of Grant”), by and between DINEEQUITY, INC., a Delaware corporation (the “Company”), and ___________ (the “Participant”).
RECITALS:
Pursuant to the DineEquity, Inc. 2011 Stock Incentive Plan (the “Plan”), the Compensation Committee of the Board of Directors of the Company (the “Committee”), as the administrator of the Plan, has determined that the Participant is to be granted a Restricted Stock Award (the “Award”) pursuant to which the Participant shall receive shares of the Company’s common stock, on the terms and conditions set forth herein.
Any capitalized terms not defined herein shall have their respective meanings set forth in the Plan. 
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.GRANT OF STOCK.  The Company hereby grants to Participant a Restricted Stock Award of ______ shares (the “Restricted Shares”) of common stock, $.01 par value, of the Company (the “Common Stock”), subject to the terms and conditions set forth herein.
2.    RESTRICTIONS AND CONDITIONS.  Subject to the Participant’s continuous employment with the Company, the Restriction Period applicable to the Restricted Shares shall lapse, and the Restricted Shares shall become vested as to one-third (1/3) of the Restricted Shares subject to the Award on each of the first, second and third anniversaries of the Date of Grant.  Except as provided in Section 3, the Restricted Shares will be forfeited as to the unvested portion of the Award if the Participant does not remain continuously in the employment of the Company through the specified lapsing dates set forth above.  So long as the shares of Common Stock are subject to restrictions imposed under the Plan and the Agreement:
(a)    the shares shall be held by a custodian in book entry form with restrictions on such shares duly noted or, alternatively, a certificate or certificates representing the Award shall be registered in the Participant’s name;
(b)    all such certificates shall be deposited with the Company, together with stock powers or other instruments of assignment (including a power of attorney), each endorsed in blank with a guarantee of signature if deemed necessary or appropriate, which would permit transfer to the Company of all or a portion of the shares of Common Stock subject to the Award in the event the Award is forfeited in whole or in part;

(c)    the record address of the holder of record of such shares shall be care of the Secretary of the Company at the Company’s principal executive office;
(d)    such shares shall bear a restrictive legend, as follows:
“The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) of the DineEquity, Inc. 2011 Stock Incentive Plan, as amended, and a Restricted Stock Award Agreement entered into between the registered owner and DineEquity, Inc. Copies of such Plan and Agreement are on file in the offices of DineEquity, Inc.”;
(e)    such shares shall bear any additional legend which may be required pursuant to Section 5.6 of the Plan; and
(f)    the Participant shall not be permitted to sell, transfer, pledge or assign the shares, except as described in Section 4 below.
As of each lapsing date set forth above or in Section 3, subject to the Company’s right to require payment of any taxes as described in Section 8 below, the restrictions shall be removed from the requisite number of any shares of Common Stock that are held in book entry form, and all certificates evidencing ownership of the requisite number of shares of Common Stock shall be delivered to the Participant.
3.    RIGHTS UPON TERMINATION OF EMPLOYMENT. 
(a)    Service Vesting.  Except as otherwise provided in this Section 3, the Restricted Shares will be forfeited as to the unvested portion of the Award if the Participant does not remain continuously in the employment of the Company through the specified lapsing dates set forth in Section 2 above.
(b)    Disability or Death.  If the Participant’s employment with the Company terminates due to Disability or death, the Restriction Period shall lapse in its entirety and the Restricted Shares shall become fully vested and nonforfeitable.
(c)    Change in Control.  If the Participant’s employment with the Company is terminated within a period of twenty-four (24) months following a Change in Control (i) by the Company other than for Cause or (ii) by the Participant for Good Reason (as such terms are defined herein below or in the Plan), the Restriction Period shall lapse in its entirety and the Restricted Shares shall become fully vested and nonforfeitable.
4.    NON-TRANSFERABILITY OF AWARD.  The Award and this Agreement shall not be transferable other than by will, the laws of descent and distribution or pursuant to beneficiary designation procedures approved by the Company.  Notwithstanding the foregoing, the Award and this Agreement may be transferable to the Participant’s family members, to a trust or entity established by the Participant for estate planning purposes, to a charitable organization 

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designated by the Participant or pursuant to a qualified domestic relations order.  Except as permitted by this Section 4, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process.  Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights thereunder shall immediately become null and void.
5.    DISPUTE RESOLUTION.  The parties hereto will use their reasonable best efforts to resolve any dispute hereunder through good faith negotiations.  A party hereto must submit a written notice to any other party to whom such dispute pertains, and any such dispute that cannot be resolved within thirty (30) calendar days of receipt of such notice (or such other period to which the parties may agree) will be submitted to an arbitrator selected by mutual agreement of the parties.  In the event that, within fifty (50) days of the written notice referred to in the preceding sentence, a single arbitrator has not been selected by mutual agreement of the parties, a panel of arbitrators (with each party to the dispute being entitled to select one arbitrator and, if necessary to prevent the possibility of deadlock, one additional arbitrator being selected by such arbitrators selected by the parties to the dispute) shall be selected by the parties.  Except as otherwise provided herein or as the parties to the dispute may otherwise agree, such arbitration will be conducted in accordance with the then existing rules of the American Arbitration Association.  The decision of the arbitrator or arbitrators, or of a majority thereof, as the case may be, made in writing will be final and binding upon the parties hereto as to the questions submitted, and the parties will abide by and comply with such decision; provided, however, the arbitrator or arbitrators, as the case may be, shall not be empowered to award punitive damages.  Unless the decision of the arbitrator or arbitrators, as the case may be, provides for a different allocation of costs and expenses determined by the arbitrators to be equitable under the circumstances, the prevailing party or parties in any arbitration will be entitled to recover all reasonable fees (including but not limited to attorneys’ fees) and expenses incurred by it or them in connection with such arbitration from the non-prevailing party or parties.
6.    NOTICES.  Any notice required or permitted under this Agreement shall be deemed given when delivered either personally, by overnight courier, or when deposited in a United States Post Office, postage prepaid, addressed as appropriate, to the Participant either at his/her address set forth below or such other address as he or she may designate in writing to the Company, or to the Company:  Attention:  General Counsel (or said designee), at the Company’s address or such other address as the Company may designate in writing to the Participant.
7.    FAILURE TO ENFORCE NOT A WAIVER.  The failure of the Company to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof.
8.    WITHHOLDING.  The Company shall have the right to require, prior to the issuance or delivery of any shares of Common Stock pursuant to the Award, payment by the Participant of any federal, state, local or other taxes which may be required to be withheld or paid in connection with the Award.  The Company shall withhold whole shares of Common Stock which would otherwise be delivered to the Participant, having an aggregate Fair Market 

3

Value determined as of the date the obligation to withhold or pay taxes arises in connection with an award (the “Tax Date”), or withhold an amount of cash which would otherwise be payable to the Participant, in the amount necessary to satisfy any such obligation, or the Participant may satisfy any such obligation by any of the following means:  (i) a cash payment to the Company, (ii) delivery (either actual delivery or by attestation procedures established by the Company) to the Company of previously owned whole shares of Common Stock having an aggregate Fair Market Value, determined as of the Tax Date, equal to the amount necessary to satisfy any such obligation, (iii) authorizing the Company to withhold whole shares of Common Stock which would otherwise be delivered having an aggregate Fair Market Value, determined as of the Tax Date, or withhold an amount of cash which would otherwise be payable to the Participant, in either case equal to the amount necessary to satisfy any such obligation or (iv) any combination of (i), (ii) and (iii).  Shares of Common Stock to be delivered or withheld may not have an aggregate Fair Market Value in excess of the amount determined by applying the minimum statutory withholding rate.  Any fraction of a share of Common Stock which would be required to satisfy such an obligation shall be disregarded and the remaining amount due shall be paid in cash by the Participant.
9.    INCORPORATION OF PLAN.  The Plan is hereby incorporated by reference and made a part hereof, and the Award and this Agreement are subject to all terms and conditions of the Plan.
10.    EMPLOYMENT.  Neither the Plan, the granting of the Award, this Agreement nor any other action taken pursuant to the Plan shall confer upon any person any right to continued employment by or service with the Company, any Subsidiary or any affiliate of the Company or affect in any manner the right of the Company, any Subsidiary or any affiliate of the Company to terminate the employment of any person at any time without liability hereunder.  For purposes of this Agreement, references to employment with the Company shall include employment or service with any Subsidiary of the Company.
11.    AMENDMENT AND TERMINATION.  The Board may amend the Plan as it shall deem advisable, subject to any requirement of stockholder approval required by applicable law, rule or regulation, including Section 162(m) of the Code and any rule of the New York Stock Exchange, or any other stock exchange on which shares of Common Stock are traded; provided, however, that no amendment may impair the rights of the Participant without the consent of the Participant.
12.    GOVERNING LAW.  To the extent not otherwise governed by the Code or the laws of the United States, this Agreement shall be governed by the laws of the State of Delaware and construed in accordance therewith without giving effect to principles of conflicts of laws.
13.    COUNTERPARTS.  This Agreement may be executed in several counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.
14.    DEFINED TERMS.  As used in this Agreement, the following terms shall have the meanings set forth below:

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(a)    “Cause” shall mean as determined by the Company, (i) the willful failure by the Participant to substantially perform his or her duties with the Company (other than any such failure resulting from the Participant’s incapacity due to physical or mental illness); (ii) the Participant’s willful misconduct that is demonstrably and materially injurious to the Company, monetarily or otherwise; (iii) the Participant’s commission of such acts of dishonesty, fraud, misrepresentation or other acts of moral turpitude as would prevent the effective performance of the Participant’s duties; or (iv) the Participant’s conviction or plea of no contest to a felony or a crime of moral turpitude.
(b)    “Disability” shall mean that the Participant, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, is receiving income replacement benefits for a period of not less than three months under a long-term disability plan maintained by the Company or one of its Subsidiaries.
(c)    The Participant shall have “Good Reason” to effect a voluntary termination of his or her employment in the event that the Company (i) breaches its obligations to pay any salary, benefit or bonus due to him or her, including its obligations under this Agreement, (ii) requires the Participant to relocate more than 50 miles from the Participant’s current, principal place of employment, (iii) assigns to the Participant any duties inconsistent with the Participant’s position with the Company or significantly and adversely alters the nature or status of the Participant’s responsibilities or the conditions of the Participant’s employment, or (iv) reduces the Participant’s base salary and/or bonus opportunity, except for across-the-board reductions similarly affecting all similarly situated employees of the Company and all similarly situated employees of any corporation or other entity which is in control of the Company; and in the event of any of (i), (ii), (iii) or (iv), the Participant has given written notice to the Committee or the Board of Directors as to the details of the basis for such Good Reason within thirty (30) days following the date on which the Participant alleges the event giving rise to such Good Reason occurred, the Company has failed to provide a reasonable cure within thirty (30) days after its receipt of such notice and the effective date of the termination for Good Reason occurs within 90 days after the initial existence of the facts or circumstances constituting Good Reason.

5

IN WITNESS WHEREOF, the parties have executed this Restricted Stock Award Agreement on the day and year first above written.
COMPANY:
DINEEQUITY, INC.
By:                    Julia A. Stewart 
    Chairman and CEO
PARTICIPANT:
 
[Name]
 
Address
 
City/State/Zip

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