Document:

Form of Amended and Restated Sonic Corp. Executive Severance Plan

 Exhibit 10.14 
 AMENDED AND RESTATED 
 SONIC CORP. EXECUTIVE SEVERANCE PLAN

 Section 1. Establishment, Objectives, and Duration 

1.1. Establishment of the Amended and Restated Plan. Sonic initially established the Plan
effective April 22, 2009 (the “Effective Date”), which is hereby amended and restated in its entirety by this Amended and Restated Sonic Corp. Executive Severance Plan effective November 1, 2012. 

1.2. Objective of the Plan. The objective of the Plan is to enhance the long-term financial
security of selected executives of the Corporation through the provision of severance benefits, including enhanced benefits following a Change in Control. The Plan is further intended to provide flexibility to the Corporation in its ability to
motivate, attract, and retain the services of Participants who make significant contributions to the Corporation’s success. 
 1.3. Duration of the Plan. The Plan shall remain in effect until such time as the Committee amends or terminates the Plan pursuant to Section 7 hereof. 

Section 2. Definitions. Whenever used in the Plan, the following terms shall have the meanings set forth
below, and when the meaning is intended, the initial letter of the word shall be capitalized: 

2.1. “Affiliate” means any corporation that is included in a controlled group of
corporations (within the meaning of Section 414(b) of the Code) that includes Sonic and any trade or business (whether or not incorporated) that is under common control with Sonic (within the meaning of Section 414(c) of the Code);
provided, however, that in applying Section 1563(a)(1), (2), and (3) of the Code for purposes of determining a controlled group of corporations under Section 414(b) of the Code, the language “at least 50
percent” shall be used instead of “at least 80 percent” each place it appears in Section 1563(a)(1), (2) and (3) of the Code, and in applying Section 1.414(c)-2 of the Treasury Regulations, for purposes of
determining trades or businesses (whether or not incorporated) that are under common control for purposes of Section 414(c) of the Code, “at least 50 percent” shall be used instead of “at least 80 percent” each place it
appears in Section 1.414(c)-2 of the Treasury Regulations. 
 2.2. “Annual Base
Salary” means a Participant’s annual base salary from the Corporation, including any compensation reduction contributions made with respect to the Corporation’s 401(k) Plan and any plan maintained by the Corporation pursuant to
Section 125 of the Code, but excluding all bonuses, incentive compensation, expense reimbursements and severance pay. 
 2.3. “Board” means the Board of Directors of Sonic. 
 2.4. “Cause” means a determination by the Plan Administrative Committee of: 
 (a) the willful and intentional failure by a Participant to substantially or satisfactorily perform the Participant’s duties hereunder, other than any failure resulting from the Participant’s
incapacity due to physical or mental incapacity; 
 (b) the commission by a Participant, in
connection with the Participant’s employment by the Corporation, of an illegal act or any act (though not illegal) which is not in the 

 
ordinary course of the Participant’s responsibilities and exposes the Corporation to a significant level of undue liability; 

(c) any act or omission that constitutes a material breach by a Participant of any of the
Participant’s obligations as an employee of the Corporation; 
 (d) a Participant’s
conviction of, or plea of nolo contendere to, any felony or another crime involving dishonesty or moral turpitude or which could reflect negatively upon the Corporation or otherwise impair or impede its operations; 

(e) a Participant’s engaging in any act of dishonesty, violence or threat of violence (including any
violation of federal securities laws) that is injurious to the Corporation or any of its subsidiaries or affiliates; or 
 (f) a Participant’s material breach of a written policy of the Corporation or the rules of any governmental or regulatory body applicable to the Corporation, or (vi) any other willful misconduct
by a Participant which is materially injurious to the financial condition or business reputation of the Corporation or any of its subsidiaries or affiliates. 

2.5. “Change in Control” means: 

(a) any consolidation or merger of Sonic in which Sonic is not the continuing or surviving corporation or
pursuant to which shares of Sonic’s capital stock would convert into cash, securities or other property, other than a merger of Sonic in which the holders of Sonic’s capital stock immediately prior to the merger have the same proportionate
ownership of capital stock of the surviving corporation immediately after the merger; 
 (b) any
sale, lease, exchange or other transfer (whether in one transaction or a series of related transactions) of all or substantially all of the assets of Sonic; 

(c) the stockholders of Sonic approve any plan or proposal for the liquidation or dissolution of Sonic;

 (d) any person (as used in Section 13(d) and 14(d)(2) of the Securities and Exchange Act
of 1934, as amended (the “Exchange Act”)) becomes the beneficial owner (within the meaning of Rule 13D-3 under the Exchange Act) of 50% or more of Sonic’s outstanding capital stock; 

(e) during any period of two consecutive years, individuals who at the beginning of that period
constitute the entire Board cease for any reason to constitute a majority of the Board, unless the election or the nomination for election by Sonic’s stockholders of each new director received the approval of the Board by a vote of at least
two-thirds of the directors then and still in office and who served as directors at the beginning of the period; or 
 (f) The Corporation becomes a subsidiary of any other corporation (the “Subsidiary Transaction”), other than a corporation in which the holders of the Corporation’s capital stock
immediately prior to the Subsidiary Transaction have the same proportionate ownership of capital stock of the parent corporation immediately after the Subsidiary Transaction. 

  
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 2.6. “Change in Control Termination” means
an Eligible Termination or a Separation from Service due to a Participant’s resignation for Good Reason, occurring within the first 12 months subsequent to a Change in Control. 

2.7. “Claims Reviewer” means the Vice President of People of Sonic or such
individual’s delegate. 
 2.8. “Code” means the Internal Revenue Code of
1986, as amended from time to time, and the rulings and regulations issued thereunder. 
 2.9.
“Committee” means the Compensation Committee of the Board, as it is constituted from time to time, or any successor committee. 
 2.10. “Comparable Employment” means employment with a Purchaser that, if accepted, would provide a Participant with substantially equivalent Annual Base Salary and a substantially
equivalent bonus opportunity. 
 2.11. “Confidential Information” means the
unique, proprietary and confidential information of the Corporation, consisting of: (a) confidential financial information regarding the Corporation, (b) confidential recipes for food products; (c) confidential and copyrighted plans
and specifications for interior and exterior signs, designs, layouts and color schemes; (d) confidential methods, techniques, formats, systems, specifications, procedures, information, trade secrets, sales and marketing programs;
(e) knowledge and experience regarding the operation and franchising of Sonic drive-in restaurants; (f) the identities and locations of Sonic’s franchisees, Sonic drive-in restaurants, and suppliers to Sonic’s franchisees and
drive-in restaurants; (g) knowledge, financial information, and other information regarding the development of franchised and company-store restaurants; (h) knowledge, financial information, and other information regarding potential
acquisitions and dispositions; and (i) any other confidential business information of the Corporation. 
 2.12. “Corporation” means Sonic and all of its Affiliates. 
 2.13. “Director” means any individual who is a member of the Board. 
 2.14. “Disability” means the inability of a Participant to render the services required of him or her, with or without reasonable accommodations, as a result of physical or mental
incapacity. 
 2.15. “Effective Date” has the meaning set forth in
Section 1.1. 
 2.16. “Eligible Termination” means a Separation from
Service by the Corporation for any reason other than death or Cause, and shall specifically include a Separation from Service as a result of Disability. 

2.17. “Employee” means any individual who is an employee of the Corporation. 

2.18. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time. 
 2.19. “Exchange Act” means the Securities Exchange Act of 1934,
as amended from time to time, or any successor thereto. 

  
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 2.20. “FAA” has the meaning set forth in
Section 11.3(a). 
 2.21. “Good Reason” means: 

(a) the assignment to a Participant of duties materially inconsistent with the Participant’s
position, office, duties, responsibilities and status with the Corporation immediately prior to a Change in Control, except in connection with the Participant’s Separation from Service by the Corporation for Disability or Cause or as a result
of the Participant’s death or by the Participant other than for Good Reason as set forth herein; 
 (b) a reduction by the Corporation in a Participant’s Annual Base Salary as in effect as of the date the Participant becomes subject to this Plan or as the same may be increased from time-to-time
during the term of the Participant’s employment by the Corporation; 
 (c) the failure of
the Corporation to provide a Participant with substantially the same fringe benefits (including, without limitation, life insurance plans, medical or disability plans, retirement plans, incentive plans, stock option plans, stock purchase plans,
stock ownership plans, or bonus plans) that were provided to the Participant immediately prior to the Change in Control, or with a package of fringe benefits that, if one or more of such benefits varies from those in effect immediately prior to such
Change in Control, is substantially comparable in all material respects to such fringe benefits taken as a whole; 
 (d) a Participant’s relocation to any place more than 50 miles from the location at which the Participant performed the Participant’s duties prior to a Change in Control, except for required
travel by the Participant on the Corporation’s business to an extent substantially consistent with the Participant’s business travel obligations at the time of the Change in Control; 

(e) any failure by the Corporation to provide a Participant with the same number of paid vacation days to
which the Participant is entitled at the time of the Change in Control; or 
 (f) the failure of
a successor to the Corporation to assume the obligation of this Plan. 
 2.22.
“Ineligible Termination” means a Separation from Service (i) by the Corporation for Cause; (ii) by a Participant for any reason (other than for Good Reason in connection with a Change in Control Termination); or
(iii) by reason of a Participant’s death. 
 2.23. “Participant” means
an Employee selected to participate in the Plan pursuant to Section 4 hereof. 
 2.24.
“Payment Date” shall have the meaning ascribed to such term in Section 5.6 hereof. 
 2.25. “Plan” means the Sonic Corp. Executive Severance Plan, as amended and restated by this Amended and Restated Sonic Corp. Executive Severance Plan effective November 1, 2012.

 2.26. “Plan Administrative Committee” has the meaning set forth in
Section 3.1 hereof. 
 2.27. “Purchaser” shall have the meaning ascribed to
such term in Section 5.1(c) hereof. 
 2.28. “Release” shall have the
meaning ascribed to such term in Section 5.6 hereof. 

  
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 2.29. “Rules” has the meaning set forth in
Section 11.3(a). 
 2.30. “Senior Management” means the Chief Executive
Officer, President and any other Sonic officers designated by the Board as Senior Management for purposes of this Plan. 
 2.31. “Separates from Service” or “Separation from Service” means a “separation from service” with the Corporation for purposes of Section 409A of the
Code, determined using the default provisions set forth in Treasury Regulation Section 1.409A-1(h) or the successor regulation thereto. 
 2.32. “Severance Benefits” means the benefits payable to a Participant under Section 5.2. 

2.33. “Sonic” means Sonic Corp., a Delaware corporation, and any successor thereto.

 2.34. “Specified Employee” means a “specified employee” within the
meaning of the default rules of Section 409A(a)(2)(B)(i) of the Code, unless and until Sonic establishes a methodology for determining specified employees, in which case that methodology shall govern. 

Section 3. Administration 

3.1. The Administrator. The Plan shall be administered by the Plan Administrative Committee. The
Plan Administrative Committee shall consist of the General Counsel, the Vice President of People, and at least one other Employee appointed by the General Counsel. 

3.2. Authority of the Administrator. Except as limited by law and subject to the provisions of the
Plan, the Plan Administrative Committee shall have full power and authority, in its sole discretion, to: 
 (a) determine a Participant’s eligibility for Severance Benefits and the amount of such Severance Benefits; 

(b) construe and interpret the Plan, determine all questions arising in connection with the Plan, and to
resolve ambiguities, inconsistencies and omissions in the text of the Plan; 
 (c) adopt,
implement, amend, waive or rescind such rules and regulations as the Plan Administrative Committee may deem appropriate for the proper administration or operation of the Plan; 

(d) make all factual or other determinations and take all other actions as may be necessary, appropriate
or advisable for the administration or operation of the Plan; and 
 (e) employ and rely on
legal counsel, actuaries, accountants and other agents as may be deemed advisable to assist in the administration of the Plan. 
 As permitted by law, the Plan Administrative Committee may delegate to any individual its authority, or any part thereof, as it deems necessary, appropriate or advisable for proper administration or
operation of the Plan. If any member of the Plan Administrative Committee is a Participant, such member shall not resolve, or participate in the resolution of, any matter relating specifically to such member’s eligibility to participate in the
Plan or the calculation or determination of such member’s Severance Benefits under the Plan. 

  
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 3.3. Decisions Binding. All determinations,
interpretations, decisions or other actions made or taken by the Plan Administrative Committee pursuant to the provisions of the Plan and all related orders and resolutions of the Committee and the Plan Administrative Committee shall be final,
conclusive and binding for all purposes and upon all persons, including without limitation Sonic, Sonic’s shareholders, Directors, Employees, Participants, and Participants’ estates and beneficiaries. 

Section 4. Eligibility and Participation 

4.1. Eligibility. All Employees of the Corporation who are at the level of Vice President or above
and who do not have a written employment contract with the Corporation that provides for severance benefits, including Employees who are also Directors, are eligible to participate in this Plan. 

4.2. Participation. Participation in the Plan is expressly conditioned on the eligible Employee
signing and returning to Sonic an agreement acknowledging his or her voluntary consent to the terms and conditions of the Plan (including, but not limited to, the arbitration provisions of Section 11.3) substantially in the form set forth in
Annex A hereto. 
 4.3. Termination of Participation. A Participant shall cease to
be a Participant upon the earliest to occur of: 
 (a) the Participant’s receipt of all
Severance Benefits to which he or she is entitled under the Plan; 
 (b) the Participant’s
Ineligible Termination; 
 (c) the effective date of an employment agreement or other written
agreement that provides for severance benefits between the Participant and the Corporation; 

(d) subject to Section 7, termination of the Plan; or 

(e) the Participant ceases to be at the level of Vice President or above. 

Section 5. Severance Benefits 

5.1. Eligibility for Severance Benefits. 

(a) If a Participant Separates from Service with the Corporation in an Eligible Termination or a Change
in Control Termination, the Participant shall receive Severance Benefits in the amount determined under Section 5.2. 
 (b) If a Participant Separates from Service with the Corporation in an Ineligible Termination, the Participant shall not be entitled to receive Severance Benefits. 

(c) Notwithstanding anything herein to the contrary, a Participant’s Separation from Service shall
constitute an Ineligible Termination rather than an Eligible Termination if the Participant, prior to his or her Separation from Service, (i) is employed by or otherwise provides services for compensation to an Affiliate or a division or
business unit of the Corporation that is sold in whole or in part to an entity that is not a Affiliate of Sonic or otherwise affiliated with Sonic (such as a joint venture of which Sonic or a Affiliate is a member, owner or partner)
(the “Purchaser”), 

  
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whether by sale of stock or assets, and (ii) is offered Comparable Employment with such Purchaser, whether or not the Participant actually accepts such Comparable Employment with the
Purchaser. 
 (d) Participants who are offered and accept a position with a Purchaser shall be
deemed to have Separated from Service in an Ineligible Termination, even if such position does not constitute Comparable Employment. Upon initial employment with a Purchaser, whether or not in Comparable Employment, all rights of the Participant
under this Plan shall terminate, and no Severance Benefits shall be payable hereunder. 
 5.2.
Amount of Severance Benefits. 
 (a) If a Participant incurs an Eligible Termination, the
Corporation shall provide to such Participant the following Severance Benefits: 
 (i) For Senior Management,
the Corporation shall continue to be obligated to pay 12 months’ of the Participant’s Annual Base Salary, payable in 24 equal installments. The Corporation shall not be obligated to provide any other compensation or benefits, except to the
extent required by law. 
 (ii) For all Participants other than Senior Management, the Corporation shall
continue to be obligated to pay six months’ of the Participant’s Annual Base Salary, payable in 12 equal installments; provided, however, upon Disability, each installment shall be reduced by any benefit payment the
Participant is entitled to receive under Sonic’s group disability insurance plan during the corresponding payroll period, on a tax-adjusted basis. The Corporation shall not be obligated to provide any other compensation or benefits, except to
the extent required by law. 
 (b) If a Participant incurs a Change in Control Termination, then
the Corporation shall be obligated to pay to the Participant an amount equal to two times the Participant’s Severance Benefits payable under paragraph 5.2(a) above. 

(c) Notwithstanding anything to the contrary, a Participant hereunder shall be ineligible to participate
in or receive benefits under any other severance or termination plan, program or arrangement of the Corporation. The amount of a Participant’s Severance Benefits hereunder shall not be reduced by the amount or value of any compensation or
benefits payable to the Participant with respect to services performed after an Eligible Termination, and the Participant shall be under no obligation to seek subsequent employment or to mitigate the damages resulting from such Eligible Termination.
Notwithstanding the previous sentence, all payments required to be made under the terms of this Plan, other than payments due in the event of a Change in Control Termination under Section 5.2(b), shall cease 30 days after the acceptance by the
Participant of employment by another employer. The Participant shall be obligated to provide written notification in a timely manner to the Plan Administrative Committee of Participant’s acceptance of subsequent employment. 

(d) Limitation on Severance Payments. 

(i) Notwithstanding any provision of this Plan, if any portion of the severance payments under this Section V or other
payment under this Plan together with any other payments or compensation which a Participant has a right to receive from the Corporation or its affiliates (in the aggregate, “Total Payments”) constitute “parachute payments”
within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and, 

  
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but for this Section 5.2(d), would be subject to excise tax imposed by Section 4999 of the Code, the Total Payments shall be reduced to the largest amount as will result in no portion
of the severance payment being subject to the excise tax imposed by Section 4999 of the Code. 
 (ii) If a
reduction is required pursuant to Section 5.2(d)(i), the Total Payments shall be reduced or eliminated by applying the following principles, in order: (1) the payment or benefit with the later possible payment date shall be reduced or
eliminated before a payment or benefit with an earlier payment date; and (2) cash payments shall be reduced prior to non-cash benefits; provided that if the foregoing order of reduction or elimination would violate Code Section 409A, then
the reduction shall be made pro rata among the payments or benefits included in the Total Payments (on the basis of the relative present value of the parachute payments). 

(iii) The determinations to be made with respect to this Section 5.2(d) shall be made by a certified public
accounting firm designated by the Company (which may be the Corporation’s independent auditors) and reasonably acceptable to the Participant (the “Accounting Firm”). For purposes of the determination by the Accounting Firm, the value
of any noncash benefits or any deferred payment or benefit shall be determined in accordance with the principles of Code Sections 280G(d)(3) and (4). 

5.3. Time and Form of Payment. 

(a) Upon an Eligible Termination, the Severance Benefits pursuant to Section 5.2(a) shall be paid in
the form of installments, with the first installment occurring on the first regularly scheduled payroll date no later than 30 days following the date of the Participant’s Separation from Service, and the remaining installments occurring on a
semi-monthly basis thereafter until all installments have been paid, provided that the Participant execute a Release pursuant to Section 5.6 hereof and that any applicable revocation period has expired prior to the time the first payment
is due. 
 (b) Upon a Change in Control Termination: 

(i) If the Change in Control implicated by Section 5.2(b) is also a “change in control
event” within the meaning of the default rules of the final regulations promulgated under Section 409A(a)(2)(A)(v) of the Code, then the Severance Benefits due under Section 5.2(b) shall be made in a lump sum, payable no later than
the 15th day of the third month following the later of the
end of the Corporation’s tax year or the Participant’s tax year in which occurs the Participant’s effective date of Separation from Service under Section 5.2(b), provided that the Participant execute an irrevocable Release
pursuant to Section 5.6 hereof prior to the time the payment is due. 
 (ii) If the Change in Control is
not a “change in control event” within the meaning of the default rules of the final regulations promulgated under Section 409A(a)(2)(A)(v) of the Code, the Severance Benefits contemplated by Section 5.2(b) shall be made in 12
semi-monthly installment payments, with the first installment occurring on the first regularly scheduled payroll date following the effective date of the Participant’s Change in Control Termination; provided that the Participant execute
an irrevocable Release pursuant to Section 5.6 hereof prior to the time the payment is due. For purposes of this Section 5.3(b)(ii), the effective date of a Participant’s Change in Control Termination shall mean, as applicable,
(x)

  
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the effective date of the Eligible Termination or (y) the effective date of the Participant’s resignation for Good Reason, which date shall be stated in the Participant’s written
notice to the Corporation of his resignation for Good Reason and shall be no later than 60 days following the date of such notice. If the Participant believes Good Reason exists for terminating his or her employment, then the Participant shall give
the Corporation written notice of the acts or omissions constituting Good Reason within thirty (30) days after learning of such acts or omissions constituting Good Reason (the “Good Reason Notice”). No termination of employment for
Good Reason shall be effective unless (i) within thirty (30) days after receiving the Good Reason Notice, the Corporation fails to either cure such acts or omissions or notify the Participant of the intended method of cure, and
(ii) the Participant delivers a written notice of termination to the Corporation and subsequently resigns within thirty (30) days after the Corporation’s deadline in (i) above expires. 

5.4 Section 409A Compliance. If, at the time of a Participant’s Eligible Termination or
Change in Control Termination with the Corporation, the Participant is a Specified Employee, then any Severance Benefits payable to the Participant prior to the six-month anniversary of the Participant’s date of Eligible Termination, which
constitute deferred compensation subject to Section 409A of the Code, shall be delayed and not paid to the Participant until the first business day following the six-month anniversary of the effective date of the Eligible Termination or Change
in Control Termination, as applicable, at which time such delayed amounts will be paid to the Participant in a cash lump sum. If a Participant dies on or after the date of the Participant’s date of Eligible Termination or Change in Control
Termination and prior to the payment of the delayed amounts pursuant to this Section 5.4, any amount delayed pursuant to this Section 5.4 shall be paid to the Participant’s estate within 30 days following the Participant’s death.
The Corporation shall not accelerate any payment or the provision of any benefits under this Plan or make or provide any such payment or benefits if such payment or provision of such benefits would, as a result, be subject to tax under
Section 409A of the Code. It is understood that each installment is a separate payment, and that the timing of payment is within the control of the Corporation. To the extent this Plan is subject to Section 409A of the Code, the
Corporation and the Participants intend all payments under this Plan to comply with the requirements of such section, and this Plan shall, to the extent reasonably practicable, be operated and administered to effectuate such intent. If, in the good
faith judgment of the Corporation, any provision of this Plan could cause the Participant to be subject to adverse or unintended tax consequences under Section 409A of the Code, such provision shall be modified by the Corporation in its sole
discretion to maintain, to the maximum extent practicable, the original intent of the applicable provision without violating the requirements of Section 409A of the Code. 

5.5 Clawback Provisions. Notwithstanding any other provisions in this Plan to the contrary, any
incentive-based compensation, or any other compensation, paid or payable to a Participant pursuant to this Plan or any other agreement or arrangement with the Corporation which is subject to clawback (recovery) under any law, government regulation,
order or stock exchange listing requirement, will be subject to such deductions and clawback (recovery) as may be required to be made pursuant to law, government regulation, order, stock exchange listing requirement (or any policy of the Corporation
adopted pursuant to any such law, government regulation, order or stock exchange listing requirement). Participant specifically authorizes the Corporation to withhold from his or her future wages any amounts that may become due under this provision.
This Section 5.5 shall survive the termination of the Participant’s employment with the Corporation for a period of three (3) years. 

5.6 Agreement and Release. Notwithstanding any provision of this Plan to the contrary, the
obligation of the Corporation to pay any Severance Benefits to a Participant is expressly conditioned upon 

  
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the Participant’s timely execution of an agreement by the Participant to (a) comply with the terms and conditions of Section 9 below and (b) be bound by a release of any and
all claims arising out of or relating to the Participant’s employment and termination of employment (a “Release”), that is or becomes irrevocable not later than the date the first (or only) payment is due pursuant to
Section 5.3 (the “Payment Date”). The Corporation shall have no obligation to pay any Severance Benefits to a Participant who fails to execute a Release that is or becomes irrevocable after the Payment Date. Such Release shall
be made in a form satisfactory to the Corporation, substantially in the form set forth in Annex B hereto, and shall be for the benefit of the Corporation, its respective affiliates, and their respective officers, employees, directors,
shareholders, agents, successors and assigns. 
 5.7 Nontransferability of Severance
Benefits. No right to Severance Benefits may be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. 

Section 6. Beneficiary Designation. The beneficiary or beneficiaries of the Participant to whom any benefit
under the Plan is to be paid in case of his or her death before he or she receives any or all of such benefit shall be determined under the Corporation’s Group Life Insurance Plan. A Participant under the Plan may, from time to time, name any
beneficiary or beneficiaries to receive any benefit in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the same Participant, including the beneficiary
designated under the Corporation’s Group Life Insurance Plan, and will be effective only when filed by the Participant in writing (in such form or manner as may be prescribed by the Plan Administrative Committee) with the Corporation during the
Participant’s lifetime. In the absence of a valid designation under the Corporation’s Group Life Insurance Plan or otherwise, if no validly designated beneficiary survives the Participant or if each surviving validly designated beneficiary
is legally impaired or prohibited from taking, the Participant’s beneficiary shall be the Participant’s estate. 
 Section 7. Amendment and Termination. 

7.1. Amendment and Termination. The Committee may at any time, and from time to time, in its sole
discretion alter, amend, suspend or terminate the Plan in whole or in part for any reason or for no reason; provided, however, that no alteration, amendment, suspension or termination of the Plan shall adversely affect in any material
way the Severance Benefits of any Participant who has an Eligible Termination or Change in Control Termination prior to such action. 
 7.2. Section 409A Compliance. If any provision of the Plan would, in the reasonable, good faith judgment of the Committee or the Plan Administrative Committee, result or likely result in the
imposition on a Participant, beneficiary or any other person of additional taxes, penalties and interest under Section 409A of the Code, the Committee or the Plan Administrative Committee may modify the terms of the Plan, without the consent of
any Participant or beneficiary, in the manner that the Committee or the Plan Administrative Committee may reasonably and in good faith determine to be necessary or advisable to comply with Section 409A of the Code; provided,
however, that any such reformation shall, to the maximum extent the Committee or the Plan Administrative Committee reasonably and in good faith determines to be possible, retain the economic and tax benefits to the affected Participant
hereunder while not materially increasing the cost to the Corporation of providing such benefits to the Participant. 
 Section 8. Tax Withholding. The Corporation shall have the power and the right to deduct or withhold, or require a Participant to remit to the Corporation, an amount sufficient to satisfy
Federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Plan. 

  
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 Section 9. Prohibited Activity. 

9.1. The Participant shall use Confidential Information only to the Corporation’s benefit and shall
not at any time during or after his or her employment with the Corporation divulge or make accessible to any party any Confidential Information of the Corporation, except to the extent authorized in writing by the Corporation or otherwise required
by law. The Participant shall give the Corporation written notice of any circumstances in which the Participant has actual notice of any access, possession or use of the Confidential Information not authorized by this Section 9.1. 

9.2. In consideration of his or her receipt of benefits under this Plan, the Participant shall not at any
time after his or her Separation from Service, without the prior written consent of the Plan Administrative Committee, directly or indirectly, retain in or have any interest, directly or indirectly, in any business competing with the business being
conducted by the Corporation. For the six-month period immediately following the Participant’s Separation from Service for any reason, the Participant shall not engage in or have any interest, directly or indirectly, in any entity that competes
in the hamburger quick service restaurant segment or that has a set of product offerings substantively similar to that of a material portion of the sales of a Sonic drive-in restaurant. 

9.3. In consideration of his or her receipt of benefits under this Plan, the Participant shall not at any
time during or after his or her employment with the Corporation make any negative or disparaging comments regarding the Corporation or its performance, operations, or business practices, or otherwise take any action that could reasonably be expected
to adversely affect the Corporation or its professional reputation. The Participant may truthfully respond to inquiries by government agencies or to inquiries by any person through a subpoena or other valid judicial process without violating this
Section 9.3. 
 9.4. In addition to any other relief to which the Corporation may be
entitled, the Corporation will be entitled to seek and obtain injunctive relief (without the requirement of any bond) from a court of competent jurisdiction for the purposes of restraining a Participant from an actual or threatened breach of the
above covenants. In addition, and without limiting the Corporation’s other remedies, in the event of any breach by a Participant of such covenants, the Corporation will have no obligation to pay any of the amounts that continue to remain
payable to the Participant after the date of such breach of the above covenants. 
 Section 10.
Successors. All obligations of Sonic and the Corporation under the Plan with respect to Severance Benefits shall be binding on any successor to Sonic and the Corporation as the case may be, whether the existence of such successor is the
result of a direct or indirect purchase of all or substantially all of the business and/or assets of Sonic or the Corporation, merger, consolidation, or otherwise. 

Section 11. Claims Procedure. 

11.1. Adoption. The Plan Administrative Committee shall adopt and implement such rules and
procedures as it may deem appropriate for the submission of claims for Severance Benefits under the Plan and shall communicate such rules and procedures as in effect from time to time to Participants. 

  
 11 

 11.2. Claims Procedure. 

(a) If a Participant disputes his or her ineligibility for Severance Benefits, the Participant shall
submit a claim in writing to the Claims Reviewer who shall review and consider the merits of the claim. Written notice of the Claims Reviewer’s decision regarding the application for benefits shall be furnished to the claimant or his or her
authorized representative (“Claimant”) within 30 days after receipt of the claim; provided, however, that, if special circumstances require an extension of time for processing the claim, an additional 30 days from the
end of the initial period shall be allowed for processing the claim, in which event the Claimant shall be furnished with a written notice of the extension prior to the termination of the initial 30-day period indicating the special circumstances
requiring an extension and the date by which it is anticipated that a decision will be made. Any written notice denying a claim shall set forth the specific reasons for the denial, including specific reference to pertinent provisions of the Plan on
which the denial is based; a description of any additional material or information necessary to perfect the claim and an explanation of why such material or information is necessary; and a description of the review procedures set forth in this
Section 11 and the time limits applicable to such procedures, including a statement that the Claimant may bring a civil action under Section 502(c) of ERISA if the claim is denied on appeal. 

(b) A Claimant may review all relevant documents and may request a review by the Plan Administrative
Committee of a decision denying the claim. Such a request shall be made in writing and filed with the Plan Administrative Committee within 60 days after delivery to the Claimant of written notice of the decision of the Claims Reviewer. Such written
request for review shall contain all additional information that the Claimant wishes the Plan Administrative Committee to consider. The Plan Administrative Committee may hold a hearing or conduct an independent investigation, and the decision on
review shall be made as soon as possible after the Plan Administrative Committee’s receipt of the request for review. Written notice of the decision on review shall be furnished to the Claimant within 60 days after receipt by the Plan
Administrative Committee of a request for review, unless special circumstances require an extension of time for processing, in which event an additional 60 days shall be allowed for review. If such an extension of time for processing is required
because of special circumstances, written notice of the extension shall be furnished prior to the commencement of the extension describing the reasons an extension is needed and the date when it is anticipated that the determination will be made.
Written notice of the decision on review shall include specific reasons for the decision, including the relevant information described in Section 11.2(a) with respect to the initial denial; a statement that the Claimant may review, upon
request, copies of all documents relevant to the Claimant’s claim; and a statement that the Claimant is entitled to receive without charge reasonable access to any document (1) relied on in making the determination, (2) submitted,
considered or generated in the course of making the benefit determination, (3) that demonstrates compliance with the administrative processes and safeguards required in making the determination, or (4) constitutes a statement of policy or
guidance with respect to the Plan concerning the denied treatment without regard to whether the statement was relied on. 
 11.3. Mandatory Arbitration. 
 (a) Any
controversy or claim between the Claimant and the Corporation arising out of or relating to a claim for benefits payable by the Plan, including, but not limited to, all claims under ERISA, shall be settled by binding arbitration in the state of
Oklahoma in accordance with the Rules of Commercial Arbitration (the “Rules”) of the American Arbitration Association. The Federal Arbitration Act, as may be amended from time to time (the “FAA”), as supplemented by
the Oklahoma Arbitration Act (to the extent not inconsistent with the FAA), shall apply to the 

  
 12 

 
arbitration and all procedural matters relating to the arbitration. If any such arbitration is undertaken, the evidence presented shall be strictly limited to the evidence timely presented to the
Plan Administrative Committee. At the election of the Corporation, the provisions of this Section 11.3 shall not apply to any controversies relating to the enforcement of Section 9 regarding prohibited activity, and the Corporation shall
have the right to apply to any court of competent jurisdiction for appropriate injunctive relief for the infringement of the Corporation’s rights under Section 9. 

(b) The parties shall select one arbitrator within 10 days after the filing of a demand and submission in
accordance with the Rules. If the parties fail to agree on an arbitrator within that 10-day period or fail to agree to an extension of that period, the arbitration shall take place before an arbitrator selected in accordance with the Rules.

 (c) The arbitration shall take place in Oklahoma City, Oklahoma, and the arbitrator shall
issue any award at the place of arbitration. The arbitrator may conduct hearings and meetings at any other place agreeable to the parties or, upon the motion of a party, determined by the arbitrator as necessary to obtain significant testimony or
evidence. 
 (d) The prevailing party shall have the right to enter the award of the arbitrator
in any court having jurisdiction over one or more of the parties or their assets. The parties specifically waive any right they may have to apply to any court for relief from the provisions of this Plan or from any decision of the arbitrator made
prior to the award. 
 (e) The prevailing party to the arbitration shall have the right to an
award of its reasonable attorneys’ fees and costs (including the cost of the arbitrator) incurred after the filing of the demand and submission. If the Corporation prevails, the award shall include an amount for that portion of the
administrative overhead reasonably allocable to the time devoted by the in-house legal staff of the Corporation. 
 (f) In the event any provision or application of this Section 11.3 shall be held illegal or invalid for any reason in any jurisdiction, the illegality or invalidity shall not affect the remaining
parts of this Section 11.3, and shall not invalidate or render unenforceable such provision or application in any other jurisdiction. 
 (g) In the event mandatory arbitration pursuant to this Section 11.3 is specifically prohibited by applicable law, in the determination of the Plan Administrative Committee, arbitrator or court of
law in connection with a dispute between the Claimant and the Corporation with respect to the issue, the Claimant may seek judicial review of an adverse benefit determination under the Plan, whether in whole or in part, by filing a suit or legal
action, including, without limitation, a civil action under Section 502(a) of ERISA, within one year of the date the final decision on the adverse benefit determination on review is issued or lose any rights to bring such an action. The venue
of any such suit or legal action shall be Oklahoma City, Oklahoma. If any such judicial proceeding is undertaken, the evidence presented shall be strictly limited to the evidence timely presented to the Plan Administrative Committee. Notwithstanding
anything in the Plan to the contrary, a Claimant must exhaust all administrative remedies available to such Claimant under the Plan before such Claimant may seek judicial review pursuant to Section 502(a) of ERISA. 

  
 13 

 Section 12. Legal Construction. 

12.1. Gender and Number. Except where otherwise indicated by the context, any masculine term used
herein also shall include the feminine; the plural shall include the singular and the singular shall include the plural. 
 12.2. Severability and Modifications. In the event any provision or application of such provision of the Plan shall be held illegal or invalid for any reason in any jurisdiction, the illegality or
invalidity shall not affect the remaining parts of the Plan, and shall not invalidate or render unenforceable such provision or application in any other jurisdiction. Moreover, if at the time of enforcement of any provision hereof, a court of
competent jurisdiction holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope, or geographic area reasonable under such circumstances shall be substituted
for the stated period, scope or geographical area and that such court shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and geographical area permitted by law. 

12.3. Requirements of Law. The operation of the Plan and the payment of Severance Benefits
hereunder shall be subject to all applicable laws, rules, and regulations, and to such approvals as may be required. 
 12.4. Governing Law. To the extent not preempted by Federal law, the Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of Delaware.

 12.5. Special Compensation. Except as otherwise required by law or as specifically
provided in any plan or program maintained by the Corporation, no payment under the Plan shall be included or taken into account in determining any benefit under any pension, thrift, profit sharing, group insurance, or other benefit plan maintained
by the Corporation. 
 12.6. Incompetent Payee. If the Plan Administrative Committee shall
find that any individual to whom any amount is payable under the Plan is found by a court of competent jurisdiction to be unable to care for his or her affairs because of illness or accident, or is a minor, or has died, then the payment due to him
or her or to his or her estate (unless a prior claim thereof has been made by a duly appointed legal representative) may, if the Plan Administrative Committee so elects, be paid to his or her spouse, a child, a relative, an institution maintaining
or having custody of such individual, or any other individual deemed by the Plan Administrative Committee to be a proper recipient on behalf of such individual otherwise entitled to payment. Any such payment shall constitute a complete discharge of
all liability of the Plan thereof. 
 12.7. Plan Not an Employment Contract. This Plan is
not, nor shall anything contained herein be deemed to give any Employee, Participant or other individual any right to be retained in his or her employer’s employ or to in any way limit or restrict his or her employer’s right or power to
discharge any Employee or other individual at any time and to treat such Employee without any regard to the effect which such treatment might have upon him or her as a Participant of the Plan. 

  
 14 

 ANNEX A 

FORM OF ACKNOWLEDGEMENT AGREEMENT 
 By signing below, I acknowledge to Sonic Corp. (“Sonic”) that: 
  

	 	(a)	 I have read the Sonic Corp. Executive Severance Plan (the “Plan”); 

 

	 	(b)	 I understand the terms and conditions of the Plan, including, but not limited to, the covenants on prohibited activity in Section 9 of the
Plan, as well as the mandatory arbitration provisions of Section 11.3 of the Plan; 

  

	 	(c)	 I was advised by Sonic, and I am aware, of my right to consult with an attorney before signing this Agreement; 

 

	 	(d)	 In consideration of the benefits I would receive under the Plan, I accept the terms and conditions of the Plan, including, but not limited to, the
covenants on prohibited activity in Section 9 of the Plan, as well as the mandatory arbitration provisions of Section 11.3 of the Plan; 

  

	 	(e)	 I have signed this Agreement knowingly and voluntarily and without any duress or undue influence on the part or behalf of Sonic or any of its
affiliates; 

  

	 	(f)	 I acknowledge that in signing this Agreement, I have not relied upon any representation or statement not set forth in this Agreement or the Plan
made by Sonic or any of its representatives; and 

  

	 	(g)	 I acknowledge that this Agreement sets forth the entire understanding between Sonic and me in connection with its subject-matter and supersedes and
replaces any express or implied, written or oral, prior agreement of plans or arrangement with respect to the terms of my employment and the termination thereof which I may have had with Sonic or any of its affiliates. 

 

	
	  

	 [Employee Name]

	  

	 Date

  
 15 

 ANNEX B 

FORM OF RELEASE 
 In connection with my separation from service with Sonic Corp. (“Sonic”), I provide the following Release of Claims (the “Release”). 

I. General Release. 
 I, and each of my respective heirs, executors, administrators, representatives, agents, successors and assigns (collectively, the “Releasors”) hereby irrevocably and unconditionally
release and forever discharge Sonic, its subsidiaries and affiliates (the “Company Group”) and each of their respective officers, employees, directors, shareholders, agents, successors and assigns from any and all claims, actions,
causes of action, rights, judgments, obligations, damages, demands, accountings or liabilities of whatever kind or character (collectively, “Claims”), including, without limitation, any Claims under any federal, state, local or
foreign law, that the Releasors may have, or in the future may possess, arising out of (i) my employment relationship with and service as an employee or officer of the Company Group, and the termination of such relationship or service, or
(ii) any event, condition, circumstance or obligation that occurred, existed or arose on or prior to the date hereof; provided, however, that this Release shall not apply to any claims by me for benefits to which I am entitled as
of the date of this Release under Sonic’s compensation and benefit plans, subject, in each case, to the applicable terms and conditions of each such plan. Without limiting the scope of the foregoing provision in any way, I hereby release all
claims relating to or arising out of any aspect of my employment with the Company Group, including but not limited to, all claims under Title VII of the Civil Rights Act, the Civil Rights Act of 1991 and the laws amended thereby; the Age
Discrimination in Employment Act of 1967; the Older Workers Benefit Protection Act of 1990; the Americans with Disabilities Act; the Family and Medical Leave Act of 1993; the Fair Labor Standards Act of 1963; any contract of employment, express or
implied; any provision of the Constitution of the United States or of any particular State; and any other law, common or statutory, of the United States, or any particular State; any claim for the negligent and/or intentional infliction of emotional
distress or specific intent to harm; any claims for attorneys fees, costs and/or expenses; any claims for unpaid or withheld wages, severance pay, benefits, bonuses, commissions and/or other compensation of any kind; and/or any other federal, state
or local human rights, civil rights, wage and hour, wage payment, pension or labor laws, rules and/or regulations; all claims growing out of any legal restrictions on the Company Group’s right to hire and/or terminate its employees, including
all claims that were asserted and/or that could have been asserted by me and all claims for breach of promise, public policy, negligence, retaliation, defamation, impairment of economic opportunity, loss of business opportunity, fraud,
misrepresentation, etc. The Releasors further agree that the payments and benefits described in the Executive Severance Plan shall be in full satisfaction of any and all Claims for payments or benefits, whether express or implied, that the Releasors
may have against the Company Group arising out of my employment relationship or my service as an employee or officer of the Company Group and the termination thereof. 

II. Specific Release of ADEA Claims.[IF APPLICABLE] 

In consideration for, among other things, certain actions by Sonic in support of my Separation from Service, the
Releasors hereby unconditionally release and forever discharge the Company Group from any and all Claims arising under the Federal Age Discrimination in Employment Act of 1967, as amended, and the applicable rules and regulations promulgated
thereunder (“ADEA”) that I may have as of the date of my signature to this Agreement. By signing this Release, I hereby acknowledge and confirm the following: 

  
 16 

	 	(i)	 I was advised by Sonic in connection with my termination to consult with an attorney of my choice prior to signing this Release and to have such
attorney explain to me the terms of this Release, including, without limitation, the terms relating to my release of claims arising under ADEA; 

  

	 	(ii)	 I was given a period of not fewer than [21] / [45]1 days to consider the terms of this Release and to consult with an attorney of my choosing with respect thereto, and was
given the option to sign the Release in fewer than [21] / [45] days if I desired; 

  

	 	(iii)	 I am providing the release and discharge set forth in this Release only in exchange for consideration in addition to anything of value to which I am
already entitled; and 

  

	 	(iv)	 I knowingly and voluntarily accept the terms of this Release. 

I acknowledge that I understand that I may revoke this specific ADEA release contained in this Section II of this
Release within seven days following the date on which I sign this Release (the “Revocation Period”) by providing to the General Counsel of Sonic written notice of my revocation of the release and waiver contained in this Section II
of this Release prior to the expiration of the Revocation Period. This right of revocation relates only to the ADEA release set forth in this Section II of this Release and does not act as a revocation of any other term of this Release. Any payments
or benefits provided to me under the Executive Severance Plan shall not commence unless the Revocation Period has expired. 
 III. Restrictive Covenants. I acknowledge that I am subject to Section 9 of the Executive Severance Plan, and I shall comply with the provisions thereof. 

IV. Representations and Warranties 

I agree that I have not instituted, assisted or otherwise participated in connection with, any action, complaint, claim,
charge, grievance, arbitration, lawsuit, or administrative agency proceeding, or action at law or otherwise against any member of the Company Group or any of their respective officers, employees, directors, shareholders or agents. I represent and
warrant that I have not assigned any of the Claims being released under this Release. 
 I acknowledge that,
except as expressly set forth herein, no representations of any kind or character have been made to me by Sonic or by any of its agents, representatives, or attorneys to induce the execution of this Release. I understand and acknowledge the
significance and consequences of this Release, that it is voluntary, that it has not been entered into as a result of any coercion, duress or undue influence, and expressly confirm that it is to be given full force and effect according to all of its
terms, including those relating to unknown Claims. I acknowledge that I had full opportunity to discuss any and all aspects of this Release with legal counsel, and have availed myself of that opportunity to the extent desired. I acknowledge that I
have carefully read and fully understand all of the provisions of this Release and have signed below only after full reflection and analysis. 
 V. Miscellaneous 
 This Release sets forth the entire
understanding between Sonic and me in connection with its subject-matter and supersedes and replaces any express or implied, written or oral, prior agreement of 

 

	1 	 A 45-day review period is offered only in the event of a reduction in force (within the meaning of ADEA).

  
 17 

 
plans or arrangement with respect to the terms of my employment and the termination thereof which I may have had with the Company Group. I acknowledge that in signing this Release, I have not
relied upon any representation or statement not set forth in this Release made by Sonic or any of its representatives. 
 By signing this Release, I acknowledge that: (a) I have read this Release; (b) I understand this Release and know that I am giving up important rights; (c) [Section II of this Release
shall not become effective or enforceable for a period of seven (7) days following its execution]; (d) I was advised by Sonic, and I am aware, of my right to consult with an attorney before signing this Release; and (e) I have signed
this Release knowingly and voluntarily and without any duress or undue influence on the part or behalf of Sonic. 
  

	
	  

	 [Employee Name]

	  

	 Date

  
 18EX-10.1

 EXHIBIT 10.1 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT (the
“Agreement”), dated as of October 23, 2012 (the “Effective Date”), is between Navigant Consulting, Inc., a Delaware corporation (the “Company”), and Lee A. Spirer (the “Executive”). 

RECITALS 

A. The Company desires to obtain the benefits of the Executive’s knowledge, skills, and experience by employing the Executive as its
Executive Vice President and Global Business Leader upon the terms and subject to the conditions of this Agreement. 
 B. The
Executive desires to be employed by the Company in such position upon the terms and subject to the conditions of this Agreement. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing premises and mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1. Employment. Subject
to the terms and conditions of this Agreement, the Company agrees to employ the Executive, and the Executive agrees to be employed by the Company, for the period stated in Paragraph 2 hereof. 
 2. Employment Term. The term of the Executive’s employment by the Company under this Agreement will begin on November 5, 2012 (the “Employment Commencement Date”), and will
continue, subject to earlier termination as provided in Paragraph 7 hereof, until March 31, 2016 (the “Employment Term”); provided, however, that in the event a Change in Control (as defined in Paragraph 8(c)) occurs prior to the end
of the Employment Term, the Employment Term shall end on the later to occur of (a) March 31, 2016; or (b) the second anniversary of the date of the Change in Control. To the extent either or both parties desire to continue
Executive’s employment beyond the Employment Term, each such party agrees to notify the other of this fact on or prior to December 31, 2015. 
 3. Position and Responsibilities. During the Employment Term, the Executive agrees to serve the Company, and the Company shall employ the Executive as its Executive Vice President and Global
Business Leader. During the Employment Term, the Executive shall possess such broad powers and perform such duties and functions as are normally incident to the positions of Executive Vice President and Global Business Leader with an entity of an
equivalent size and nature as the Company. Unless the parties agree otherwise, Executive’s base office shall be located in New York, New York. 

 Lee A. Spirer 
  

 4. Performance of Duties; Commitment of Time. During the Employment Term, the Executive shall
discharge the following obligations: 
 (a) Except for illness, reasonable vacation periods, and reasonable leaves of absence,
the Executive shall, subject to Paragraph 4(c) hereof, devote his best efforts and full business time, attention and skills to the business and affairs of the Company and its subsidiaries, affiliates and divisions, as such business and affairs now
exist and as they may be hereafter changed or added to. 
 (b) The Executive shall report directly to the Chief Executive
Officer of the Company (the “CEO”) and he shall perform all of his duties in accordance with such reasonable directions, requests, rules and regulations as are specified by the CEO in connection with his employment. 

(c) Nothing herein shall preclude the Executive from devoting such reasonable time as required to serve, or to continue to serve, on the
boards of directors of, or to hold any other offices or positions in or with respect to, other companies, organizations or entities, provided that (i) the Executive gives prior notice to the Company of such other activities, (ii) such
other activities do not violate Paragraph 6 hereof, and (iii) such other activities have no material effect on the time the Executive is required to spend in connection with the services required of his hereunder. 

5. Compensation and Benefits. 
 (a) Base Salary. During the Employment Term, the Executive will receive an annual salary, payable in monthly or more frequent installments, of $550,000 subject to authorized withholding and other
required deductions. The annual salary will be reviewed annually by the Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) and, if appropriate, adjusted (but not decreased except as
set forth in Clause (1) of Paragraph 7(c) below) by the Committee in its sole discretion. Such annual salary, as so adjusted, is hereinafter referred to as the “Base Salary.” 

(b) Initial Equity Grant. Effective on the Employment Commencement Date, the Company shall make a one-time grant to the Executive
of restricted stock units representing the right to acquire shares of the Company’s common stock, with an aggregate grant date value of $500,000 calculated based on the average closing price of the Company’s common stock for the 30
calendar day period immediately preceding (but not including) the Employment Commencement Date (the “Initial Employment Incentive Equity Grant”), pursuant and subject to the terms and conditions of this Agreement, the Navigant Consulting,
Inc. 2012 Long-Term Incentive Plan, as in effect or amended from time to time (“LTIP”), and the Restricted Stock Unit Award Agreement embodying such grant (“Restricted Stock Unit Award Agreement”) which the Executive must execute
and return to the Company as a pre-condition to such grant. The Initial Employment Incentive Equity Grant shall vest in one-third increments on each of the first three annual anniversaries of the Employment Commencement Date, subject to the terms
and conditions of this Agreement, the Restricted Stock Unit Award Agreement and the LTIP. During the Employment Term, the Executive shall comply with the terms of the Company’s Stock Ownership Guidelines (as in effect or amended from time to
time) or other similar Company guideline or policy. 

  
 2 

 Lee A. Spirer 
  

 (c) Annual Cash Incentive Bonus. Commencing with the 2013
calendar year, the Executive will be eligible to receive an annual cash incentive bonus based upon the Executive’s and the Company’s achievement of annual performance goals or objectives established by the Committee. The Executive shall
have a target bonus equal to 75% of the Base Salary. The Committee shall have the sole discretion to determine whether the annual performance goals and objectives have been met. Payment shall be subject to and made in accordance with the Navigant
Consulting, Inc. Annual Incentive Plan, as may be amended from time to time (but in no event shall the annual bonus be paid later than March 15th of the calendar year immediately following the year in which such compensation is earned). 

(d) Long-Term Incentive Compensation During the Employment Term, the Executive will be eligible to receive long-term incentive
compensation based upon the Executive’s and the Company’s achievement of performance goals or objectives established by the Committee. The Committee shall have the sole discretion to determine the amount and terms of any long-term
incentive compensation and whether the performance goals and objectives applicable to any long-term incentive compensation have been met. 
 (e) Legal Fees. The Company shall reimburse the Executive for any legal fees and expenses incurred by the Executive in connection with the review of this Agreement and any documents ancillary
thereto, in an amount not to exceed $15,000. 
 (f) Employee Benefits and Perquisites. During the Employment Term, the
Executive will be entitled to receive all benefits and perquisites of employment generally available to other members of the Company’s senior executive management, upon his satisfaction of the eligibility or participation criteria therefore.
The Company reserves the right to modify employee benefits and perquisites at its discretion. 
 (g) Reimbursement of
Business Expenses. The Company shall pay or reimburse the Executive, in accordance with its normal policies and practices, for all reasonable business expenses incurred by the Executive in connection with the performance of his obligations
hereunder, including, without limitation, travel to and from the Company’s offices other than Executive’s base office. The Executive shall produce accounts and vouchers or other reasonable evidence of expenses incurred or payments made by
the Executive, all in accordance with the Company’s regular procedures in effect from time to time and in form suitable to establish the validity and deductibility of such expenses for tax purposes. 

(h) Withholding Taxes. There shall be deducted and withheld from the Base Salary and all other compensation payable to the
Executive during or for the Employment Term any and all amounts required to be deducted or withheld under the provisions of any statute, regulation, ordinance or order. 
 6. Obligations of the Executive During and After Employment. 
 (a) The
Executive acknowledges and agrees that solely by virtue of his employment by, and relationship with, the Company, he will acquire “Confidential Information,” as defined in subparagraph (vii) below, as well as special knowledge of the
Company’s business and its 

  
 3 

 Lee A. Spirer 
  

 
relationships with its clients and employees, and that, but for his association with the Company, the Executive will not have had access to said Confidential Information or knowledge of said
relationships. The Executive further acknowledges and agrees (1) that the Company has long term relationships with its clients and employees, and that those relationships were developed at great expense and difficulty to the Company over
several years of close and continuing involvement; (2) that the Company’s relationships with its clients and employees are and will continue to be valuable, special and unique assets of the Company and (3) that the Company has the
following protectable interests that are critical to its competitive advantage in the industry and would be of demonstrable value in the hands of a competitor: Company-specific information concerning revenues, costs, margins, marketing strategies,
employees, compensation systems, employee benefits, corporate development plans and opportunities, financial, accounting and corporate governance systems, and concepts, ideas, and other matters not generally known to the public. The Company
acknowledges and agrees that such protectable interests do not include information properly in the public domain, or the generalized knowledge, skills and know-how possessed by the Executive, whether as a result of his employment or otherwise. In
return for the consideration described in this Agreement, the Executive hereby represents, warrants and covenants as follows: 

(i) The Executive has executed and delivered this Agreement as his free and voluntary act, after having determined that the provisions
contained herein are of a material benefit to him, and that the duties and obligations imposed on him hereunder are fair and reasonable and will not prevent him from earning a comparable livelihood following the termination of his employment with
the Company; 
 (ii) The Executive has read and fully understands the terms and conditions set forth herein, has had time to
reflect on and consider the benefits and consequences of entering into this Agreement, and has had the opportunity to review the terms hereof with an attorney or other representative if he so chooses; 

(iii) The execution and delivery of this Agreement by the Executive does not conflict with, or result in a breach of or constitute a
default under, any agreement or contract, whether oral or written, to which the Executive is a party or by which the Executive may be bound; 
 (iv) The Executive agrees that, during the time of his employment with the Company and for a period of one year after termination of the Executive’s employment for any reason whatsoever or for no
reason, whether voluntary or involuntary, the Executive will not, except on behalf of the Company, anywhere in North America or in any other place or venue where the Company or any affiliate, subsidiary or division thereof now conducts or operates,
or may conduct or operate, its business prior to the date of the Executive’s termination of employment: 
 (a) directly or
indirectly, contact, solicit or direct any person, firm, corporation, association, or other entity to contact or solicit, any of the Company’s clients or prospective clients (as they are hereinafter defined) for the purpose of selling or
distributing or attempting to sell or distribute, any products and/or services in competition with the Company to 

  
 4 

 Lee A. Spirer 
  

 
its clients. In addition, the Executive will not disclose the identity of any such clients or prospective clients, or any part thereof, to any person, firm, corporation, association, or other
entity for any reason or purpose whatsoever, except to the extent (1) required by any law, regulation or order of any court or regulatory commission, department or agency, provided that the Executive gives prompt notice of such requirement to
the Company to enable the Company to seek an appropriate protective order, or (2) such disclosure is necessary to perform properly the Executive’s duties under this Agreement or to comply with this Agreement; 

(b) directly or indirectly, solicit on his own behalf or on behalf of any other person, the services of any person who is an employee of
the Company, nor solicit any of the Company’s employees to terminate employment with the Company; and 
 (c) act as a
consultant, advisor, officer, manager, agent, director, partner, independent contractor, owner, or employee for or on behalf of any of the Company’s competitors (as hereinafter defined); 

(v) The scope described above is necessary and reasonable in order to protect the Company in the conduct of its business and that, if the
Executive becomes employed by another employer, he shall be required to disclose the existence of this Paragraph 6 to such employer and the Executive hereby consents to and the Company is hereby given permission to disclose the existence of this
Paragraph 6 to such employer; 
 (vi) For purposes of this Paragraph 6, “client” shall be defined as any person, firm,
corporation, association, or entity that purchased any type of product and/or service from the Company or is or was doing business with the Company within the 12-month period immediately preceding termination of the Executive’s employment. For
purposes of this Paragraph 6, “prospective client” shall be defined as any person, firm, corporation, association, or entity that Executive is, after reasonable inquiry, aware or reasonably should be aware, was contacted or solicited in
writing by the Company or that contacted the Company within the 12-month period immediately preceding the termination of the Executive’s employment for the purpose of having such persons, firms, corporations, associations, or entities become a
client of the Company. For purposes of this Paragraph 6, the Company’s competitors shall include any business that provides consulting services in actual and substantial competition with the Company, including but not limited to FTI Consulting,
Inc. Charles River Associates, Inc., Huron Consulting Group, Inc., Berkeley Research Group, Duff and Phelps Corporation, and any successors to these companies; 
 (vii) Both during his employment and thereafter he will not, for any reason whatsoever, use for himself or disclose to any person not employed by the Company any “Confidential Information” of
the Company acquired by the Executive during his relationship with the Company, except to the extent that such Confidential Information (a) becomes a matter of public record or is published in a newspaper, magazine or other periodical, or in
other media, available to the general public, other than as a result of any act or omission of the Executive, (b) is required to be disclosed by law, regulation or order of any court or regulatory commission, department or agency, provided that
the Executive gives prompt notice of such requirement to the Company to enable the Company to seek an appropriate protective order, or (c) is required to 

  
 5 

 Lee A. Spirer 
  

 
be disclosed in order to perform properly the Executive’s duties under this Agreement. The Executive further agrees to use Confidential Information solely for the purpose of performing
duties with the Company and further agrees not to use Confidential Information for his own private use or commercial purposes. The Executive agrees that “Confidential Information” includes but is not limited to: (1) any financial,
engineering, business, planning, operations, services, potential services, products, potential products, technical information and/or know-how, organization charts, formulas, business plans, production, purchasing, marketing, pricing, sales, profit,
personnel, customer, broker, supplier, or other lists or information of the Company; (2) any papers, data, records, processes, methods, techniques, systems, models, samples, devices, equipment, compilations, invoices, client lists, or documents
of the Company; (3) any confidential information or trade secrets of any third party provided to the Company in confidence or subject to other use or disclosure restrictions or limitations; and (4) any other information, written, oral, or
electronic, whether existing now or at some time in the future, and whether pertaining to current or future developments, which pertains to the Company’s affairs or interests or with whom or how the Company does business. The Company
acknowledges and agrees that Confidential Information does not include information properly in the public domain, or the generalized knowledge, skills and know-how possessed by the Executive, whether as a result of his employment or otherwise;

 (viii) During his employment, the Executive will not remove from the Company’s premises any documents, records, files,
notebooks, correspondence, reports, video or audio recordings, computer printouts, computer programs, computer software, price lists, microfilm, drawings, or other similar documents containing Confidential Information, including copies thereof,
whether prepared by him or others, except as his duties under this Agreement shall require, and in such cases, will promptly return such items to the Company. Upon termination of his employment with the Company, all such items including summaries or
copies thereof, then in the Executive’s possession, shall be returned to the Company immediately; 
 (ix) All ideas,
inventions, designs, processes, discoveries, enhancements, plans, writings, and other developments or improvements (the “Inventions”) conceived by the Executive, alone or with others, during the term of his employment, whether or not
during working hours, that are within the scope of the Executive’s business operations or that relate to any of the Company’s work or projects (including any and all inventions based wholly or in part upon ideas conceived during the
Executive’s employment with the Company), are the sole and exclusive property of the Company. The Executive further agrees that (1) he will promptly disclose all Inventions to the Company and hereby assigns to the Company all present and
future rights he has or may have in those Inventions, including without limitation those relating to patent, copyright, trademark or trade secrets; and (2) all of the Inventions eligible under the copyright laws are “work made for
hire.” At the request of and without charge to the Company and without cost to the Executive, the Executive will do all things deemed by the Company to be reasonably necessary to perfect title to the Inventions in the Company and to assist in
obtaining for the Company such patents, copyrights or other protection as may be provided under law and desired by the Company, including but not limited to executing and signing any and all relevant applications, assignments or other instruments.
Notwithstanding the foregoing, pursuant to the Employee Patent Act, Illinois Public Act 83-493, the Company hereby notifies the Executive that the provisions of this subparagraph (ix) shall not apply to any Inventions for which no

  
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 Lee A. Spirer 
  

 
equipment, supplies, facility or trade secret information of the Company was used and which were developed entirely on the Executive’s own time, unless (1) the Invention relates
(i) to the business of the Company, or (ii) to actual or demonstrably anticipated research or development of the Company, or (2) the Invention results from any work performed by the Executive for the Company; 

(x) All client lists, supplier lists, and client and supplier information are and shall remain the exclusive property of the Company,
regardless of whether such information was developed, purchased, acquired, or otherwise obtained by the Company or the Executive. The Executive also agrees to furnish to the Company on demand at any time during his employment, and upon the
termination of his employment, any records, notes, computer printouts, computer programs, computer software, price lists, microfilm, or any other documents related to the Company’s business, including originals and copies thereof; 

(xi) The Executive may become aware of “material” nonpublic information relating to clients whose stock is publicly traded. The
Executive acknowledges that he is prohibited by law as well as by Company policy from trading in the shares of such clients while in possession of such information or directly or indirectly disclosing such information to any other persons so that
they may trade in these shares. For purposes of this subparagraph (xi), “material” information may include any information, positive or negative, which might be of significance to an investor in determining whether to purchase, sell or
hold the stock of publicly traded clients. Information may be significant for this purpose even if it would not alone determine the investor’s decision. Examples include a potential business acquisition, internal financial information that
departs in any way from what the market would expect, the acquisition or loss of a major contract, or an important financing transaction. 
 (b) Remedy for Breach. The Executive agrees that in the event of a material breach or threatened material breach of any of the covenants contained in this Paragraph 6, the Company will have the
right and remedy to have such covenants specifically enforced by any court having jurisdiction, it being acknowledged and agreed that any material breach of any of the covenants will cause irreparable injury to the Company and that money damages
will not provide an adequate remedy to the Company. 
 (c) Blue-Penciling. The Executive acknowledges and agrees that the
noncompetition and nonsolicitation provisions contained herein are reasonable and valid in geographic, temporal and subject matter scope and in all other respects, and do not impose limitations greater than are necessary to protect the goodwill,
Confidential Information and other business interests of the Company. Nevertheless, if any court or arbitrator determines that any of said noncompetition and other restrictive covenants and agreements, or any part thereof, is unenforceable because
of the duration or geographic scope of such provision or otherwise, such court or arbitrator will have the power to reduce the duration, geographic scope or other scope of such provision, as the case may be, and, in its reduced form, such provision
will then be enforceable to the maximum extent permitted by applicable law. 

  
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 Lee A. Spirer 
  

 7. Termination of Employment. 

(a) Termination as a Result of Death or Disability. The Executive’s employment with the Company shall terminate automatically
upon the Executive’s death during the Employment Term. If the Disability of the Executive has occurred during the Employment Term (pursuant to the definition of “Disability” set forth below), the Company may give to the Executive
written notice of its intention to terminate the Executive’s employment. In such event, the Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Company (the “Disability
Effective Date”), provided that, within the 30 days after receipt of notice, the Executive shall not have returned to substantial performance of the Executive’s duties. For purposes of this Agreement, “Disability” shall mean the
absence of the Executive from the Executive’s duties with the Company for 120 consecutive days, or a total of 180 days in any 12-month period, as a result of incapacity due to mental or physical illness which is determined to be total and
permanent by a physician jointly selected by the Company and the Executive or the Executive’s legal representative, or, if the parties cannot agree on the selection of such physician then each shall choose a physician and the two physicians
shall jointly select a physician to make such binding determination. 
 (b) Termination by the Company for Cause. The
Company may terminate the Executive’s employment during the Employment Term for Cause at any time upon written notice from the Company specifying such Cause and the expiration of the cure period specified below, and thereafter, the
Company’s obligations hereunder (other than the obligation to pay any accrued salary or benefit) shall cease and terminate; provided, however, that such written notice shall not be delivered until after the Company shall have given the
Executive written notice specifying the conduct alleged to have constituted such Cause. The Executive shall have 30 days to cure the matters specified in the notice delivered by the Board (to the extent that such matters are curable). For purposes
of this Agreement, “Cause” shall mean the Executive’s willful misconduct, dishonesty or other willful actions (or willful failures to act) which are materially and demonstrably injurious to the Company, or a material breach by the
Executive of one or more terms of this Agreement, which shall include the Executive’s habitual neglect of the material duties required of him under this Agreement. For purposes of this Paragraph, no act or failure to act on the part of the
Executive shall be considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. 

(c) Termination by the Executive for Good Reason. The Executive’s employment with the Company may be terminated by the
Executive for Good Reason upon written notice from the Executive specifying such Good Reason and the expiration of the cure period specified below; provided, however, that such written notice shall not be delivered until after the Executive shall
have given the Company written notice specifying the conduct alleged to have constituted such Good Reason which notice shall be provided within 90 days of the initial existence of the circumstances constituting Good Reason. The Company shall have 30
days to cure the matters specified in the notice delivered to the Board and, if uncured, the Executive must terminate his employment with the Company within six (6) months after the initial existence of the circumstances constituting Good
Reason in order for such termination to be considered to be for Good Reason. For purposes of this Agreement, “Good Reason” shall mean 

  
 8 

 Lee A. Spirer 
  

 
any of the following actions, if taken without the express written consent of the Executive: (1) a material diminution in the Executive’s Base Salary (excluding a reduction in
compensation similarly affecting all or substantially all of the Company’s executive officers); (2) a material diminution in the Executive’s authority, duties or responsibilities; (3) relocation of Executive’s base office to
an office that is more than 50 miles from Executive’s base office prior to such relocation; or (4) any other action or inaction that constitutes a material breach by the Company of this Agreement. 

(d) Termination by the Company Other Than for Cause or Disability or Termination by the Executive Without Good Reason. The
Executive’s employment with the Company may be terminated on written notice at any time during the Employment Term by the Company other than for Cause or Disability or by the Executive without Good Reason. 

(e) Notice of Termination. Any termination by the Company for Cause, or by the Executive for Good Reason, shall be communicated by
Notice of Termination to the other party. For purposes of this Agreement, a “Notice of Termination” means a written notice which (1) indicates the specific termination provision in this Agreement relied upon, (2) to the extent
applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (3) specifies the termination date (which date shall be
not more than 30 days after the giving of such notice). The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right
of the Executive or the Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact or circumstance in enforcing the Executive’s or the Company’s rights hereunder. 

8. Obligations of the Company upon Termination of Employment. Except as otherwise delayed pursuant to Paragraph 11 relating to the application of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) to Specified Employees (as defined herein), the following provisions shall apply: 
 (a) Termination by the Company Other Than for Cause, Death or Disability or by the Executive for Good Reason. If, during the Employment Term, the Executive incurs a “Separation from
Service” within the meaning of Section 409A of the Code (a “Separation from Service”) by reason of (i) the Company’s termination of the Executive’s employment other than for Cause, death or Disability or
(ii) the Executive’s resignation from employment for Good Reason, then: 
 (1) the Company shall pay to
the Executive in a lump sum in cash within sixty (60) days after the date of Separation from Service (or, in the event any amounts due cannot be determined within this period, as soon thereafter as is practicable in accordance with U.S.
Treasury Regulation § 1.409A-3(d), relating to administrative delays) and subject to the Executive’s execution and non-revocation of a General Release and Waiver Agreement in a form reasonably accepted to the Company (“General
Release and Waiver Agreement”), an amount equal to 1.0 times the sum of (i) the Executive’s then current Base Salary (which, in the case of termination by 

  
 9 

 Lee A. Spirer 
  

 
Executive for Good Reason pursuant to clause (1) of Paragraph 7(c) above, shall be the Base Salary in effect immediately prior to the reduction in Base Salary giving rise to the right to
terminate for Good Reason pursuant to such clause) plus (ii) the average of his annual bonuses for the three most recent completed years (or such shorter period if employed for less than three years) prior to the date of Separation from Service
or Executive’s target bonus amount if the Executive’s Separation from Service takes place prior to date on which Executive is eligible to receive his first annual bonus hereunder; 

(2) the Company shall pay to the Executive, (i) to the extent earned but not yet paid, his
annual bonus for the year preceding the year in which the date of Separation from Service occurs in an amount determined by the Committee and subject to the terms and conditions of the Company’s annual bonus or incentive plan as then in effect
and (ii) a prorated annual bonus for the year in which Separation from Service occurs, each payable in a lump sum in cash within sixty (60) days after the date of Separation from Service (or as soon thereafter as is practicable, but in no
event later than the March 15th occurring immediately
following the year in which such Separation from Service occurs). The prorated annual bonus shall be determined based on an estimate of the Company and individual performance against the applicable performance goals for the period before the date of
Separation from Service, as determined by the Committee, and the terms and conditions of the Company’s annual bonus or incentive plan as then in effect, and prorated to reflect the number of days out of 365 during which the Executive was
employed by Company during the year of the Separation from Service, including the date of Separation from Service; provided that the estimate of Company performance for the period before the date of Separation from Service shall be reconciled with
actual performance after the year of Separation from Service and the Committee shall make any necessary adjustment in the amount payable; provided, further, in the event of any underpayment/overpayment based on such reconciliation, the Company shall
promptly pay to the Executive the amount of any underpayment or the Executive shall promptly pay to the Company the amount of any overpayment, as the case may be; 

(3) the Company shall pay to the Executive after the date of Separation from Service on a monthly basis an amount equal
to the monthly amount of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) continuation coverage premium for such month, at the same level and cost to the Executive as immediately preceding the date of Separation from
Service, under the Company group medical plan in which he participated immediately preceding the date of Separation from Service, less the amount of the Executive’s portion of such monthly premium as in effect immediately preceding the date of
Separation from Service, until the earlier of (A) 12 months after the date of Separation from Service; or (B) the Executive and his family have become eligible for substantially similar healthcare coverage or become entitled to Medicare
coverage; and 
 (4) The provisions of this subparagraph 8(a) shall not affect any rights of the Executive under
the Company’s benefit plans or programs. 

  
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 Lee A. Spirer 
  

 (b) Termination due to Death, by the Company for Cause or Disability or by the
Executive other than for Good Reason. If, during the Employment Term, the Executive incurs a Separation from Service by reason of (i) the Executive’s death, (ii) the Company’s termination of the Executive’s employment
for Cause or due to Executive’s Disability, or (iii) the Executive’s resignation, excluding a resignation by him for Good Reason, then the Company shall have no further obligation to the Executive other than the obligation to pay to
the Executive (A) his Base Salary through the date of Separation from Service and (B) any other compensation and benefits due to the Executive in accordance with this Agreement or any other plan or arrangement, in each case to the extent
theretofore unpaid. 
 (c) Termination following Change of Control. If (i) during the one-year period following a
Change of Control, the Executive incurs a Separation from Service by reason of (1) the Company’s termination of the Executive’s employment other than for Cause, death or Disability or (2) the Executive’s resignation from
employment for Good Reason, or (ii) during the six-month period preceding a Change of Control, the Company terminates the Executive’s employment other than for Cause, death or Disability, in anticipation of a Change of Control transaction
that the Board is actively considering at the time of such termination of employment and that is ultimately consummated, then: 
 (1) the Company shall pay to the Executive in a lump sum in cash within sixty (60) days after the date of Separation from Service (or, in the event any amounts due cannot be determined within this
period, as soon thereafter as is practicable in accordance with U.S. Treasury Regulation § 1.409A-3(d), relating to administrative delay) and subject to the Executive’s execution and non-revocation of a General Release and Waiver
Agreement, an amount equal to two times the sum of (a) the Executive’s Base Salary as of the date of the Change of Control (which, in the case of termination by Executive for Good Reason pursuant to clause (1) of Paragraph 7(c) above,
shall be the Base Salary in effect immediately prior to the reduction in Base Salary giving rise to the right to terminate for Good Reason pursuant to such clause) plus (b) the average of his annual bonuses for the three most recent completed
years (or such shorter period if employed for less than three years) prior to the date of the Change of Control or Executive’s target bonus amount if the Executive’s Separation from Service takes place prior to date on which Executive is
eligible to receive his first annual bonus hereunder; provided that, if the Company terminates the Executive’s employment, other than for Cause, death or Disability, in anticipation of a Change of Control transaction that the Board is actively
considering, payments shall be made under Paragraph 8(a) above within sixty (60) days after the date of Separation from Service and the additional one (1.0) times payment provided for under this Paragraph 8(c)(1) shall be made within sixty
(60) days after the date the Change of Control is ultimately consummated; 
 (2) the
Company shall pay to the Executive, to the extent earned but not yet paid, his annual bonus for the year preceding the year in which the date of Separation from Service occurred in an amount determined by the Committee and subject to the terms and
conditions of the Company’s annual bonus or incentive plan as then in effect, payable in a lump sum in cash within sixty (60) days after the date of Separation from Service (or as soon thereafter as is practicable, but in no even later
than the March 15th occurring immediately following
the year in which such Separation from Service occurs); 

  
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 (3) the Company shall pay to the Executive a
prorated annual bonus for the year in which termination occurs, payable in a lump sum in cash within sixty (60) days after the date of Separation from Service (or as soon thereafter as is practicable, but in no even later than the
March 15th occurring immediately following the year
in which such Separation from Service occurs) based on an estimate of Company and individual performance against the applicable performance goals for the period before the date of Separation from Service, as determined by the Committee, and the
terms and conditions of the Company’s annual bonus or incentive plan as then in effect, and prorated to reflect the number of days out of 365 during which the Executive was employed by Company during the year the Separation from Service
occurred, including the date of Separation from Service; provided that the estimate of Company performance for the period before the date of Separation from Service shall be reconciled with actual performance after the year of Separation from
Service and the Committee shall make any necessary adjustment in the amount payable; provided, further in the event of an underpayment/overpayment based on such reconciliation, the Company shall promptly pay to the Executive the amount of any
underpayment or the Executive shall promptly pay to the Company the amount of any overpayment, as the case may be; 
 (4) the Company shall pay to the Executive after the date of Separation from Service on a monthly basis an amount equal to the monthly amount of the Consolidated Omnibus Budget Reconciliation Act of 1985
(“COBRA”) continuation coverage premium for such month, at the same level and cost to the Executive as immediately preceding the date of Separation from Service, under the Company group medical plan in which he participated immediately
preceding the date of Separation from Service, less the amount of the Executive’s portion of such monthly premium as in effect immediately preceding the date of Separation from Service, until the earlier of (A) 12 months after the date of
Separation from Service; or (B) the Executive and his family have become eligible for other substantially similar healthcare coverage or become entitled to Medicare coverage; 

(5) the provisions of this Paragraph 8(c) shall not affect any rights of the Executive under the Company’s benefit
plans or programs; 
 (6) the payments and benefits under this Paragraph 8(c) shall be in lieu of any payments
and benefits under Paragraph 8(a) above and any payments or benefits received pursuant to Section 8(a) shall reduce the payments and benefits provided for under this Section 8(c); 

(7) For the purpose of this Agreement, a “Change of Control” shall have been deemed to have occurred if at any
time during the Employment Term: 
 (i) the Company sells or otherwise disposes in an arms length transaction
assets of the Company having a fair market value of at least 60% of the fair market value of the total assets of the Company and its subsidiaries on a consolidated basis, 

  
 12 

 Lee A. Spirer 
  

 
or the Company sells or otherwise disposes of a majority of the equity ownership or voting control of any member of any corporation or other entity holding substantially all of the assets of the
Company, in a single transaction or series of related transactions; or 
 (ii) acquisition by (A) any
individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) or (B) two or more Persons of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange
Act) of more than 50% of either (1) the shares of Common Stock outstanding immediately after such acquisition (the “Company Common Stock”) or (2) the combined voting power of the voting securities of the Company entitled to vote
generally in the election of directors outstanding immediately after such acquisition (the “Company Voting Securities”); provided, however, that for purposes of this subparagraph (ii) the following acquisitions of securities shall not
constitute or be included when determining whether there has been a Change of Control: (1) any acquisition by the Company, or (2) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any
corporation controlled by the Company; or 
 (iii) consummation of a reorganization, merger or consolidation or
the sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of the assets of another corporation by the Company (in each case, a “Business Combination”), unless, following any such Business
Combination, (A) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Company Common Stock and Company Voting Securities outstanding immediately prior to such Business Combination
beneficially own, directly or indirectly, more than 60% of, respectively, the then outstanding shares of common stock or the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as
the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets either
directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the Company Common Stock and Company Voting Securities outstanding, as the case may be,
(B) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan or related trust of the Company or any corporation resulting from such Business Combination) beneficially owns, directly or
indirectly, 50% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to
the extent that such ownership existed prior to the Business Combination and (C) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Board at the time of
the execution of the initial agreement, or of the action of the Board, providing for such Business Combination. 

  
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 Lee A. Spirer 
  

 (d) No Mitigation or Offset. Payments and benefits under Paragraphs 7 and 8 shall
not be subject to mitigation or offset for compensation or benefits received due to future employment obtained by the Executive. 
 (e) Other Benefits Upon Termination. Subject to the foregoing, the Executive’s participation in (if any) and rights under (if any) any Company employee benefit plans and programs upon and
after any termination of the Executive’s employment by either party for any or no reason (including without limitation under the LTIP and any award agreement(s) executed thereunder) will be governed by the terms and conditions of those plans
and programs (as in effect or amended from time to time). 
 (f) Release. Notwithstanding anything herein to the
contrary, the payments and benefits under Paragraph 8 shall only be payable if the Executive executes and delivers to the Company, and does not revoke, a General Release and Waiver Agreement, which releases the Company, its subsidiaries, affiliates,
officers, directors, employees, agents, benefit plans, fiduciaries and their insurers, successors, and assigns of any and all claims of the Executive under this Agreement or related to or arising out of the Executive’s employment hereunder,
occurring up to the release date, which the Company shall present to the Executive within twenty-one (21) calendar days after the date of Executive’s Separation from Service. Payment of the amounts described in Paragraph 8 shall commence
no earlier than eight (8) days following the date on which the Executive delivers to the Company (and does not revoke) an executed and enforceable General Release and Waiver Agreement as described herein. To the extent any payment conditioned
on the Executive’s execution of a release constitutes nonqualified deferred compensation within the meaning of Section 409A of the Code , if the date of Executive’s Separation from Service occurs in one taxable year and the sixty
(60) days payment period of Paragraphs 8(a) and (c) above ends in a second taxable year, the Company shall make payments in the second taxable year, subject to this Paragraph 8(f). 
 9. Golden Parachute Provision. 
 In the event that in the opinion of tax
counsel selected by the Executive and compensated by the Company (“Executive’s Tax Counsel”), a payment or benefit received or to be received by the Executive following his Separation from Service (whether pursuant to the terms of
this Agreement or any other plan, arrangement or agreement with the Company or any of its subsidiaries, affiliates or divisions) (collectively, with the payments provided for in the foregoing provisions of Paragraph 8, the “Post Termination
Payments”) would be subject to excise tax (in whole or in part) as a result of Section 280G of the Code, and as a result of such excise tax, the net amount of Post Termination Payments retained by the Executive (taking into account federal
and state income taxes and such excise tax) would be less than the net amount of Post Termination Payments retained by the Executive (taking into account federal and state income taxes) if the Post Termination Payments were reduced or eliminated as
described in this Paragraph 9, then the Post Termination Payments shall be reduced or eliminated until no portion of the Post Termination Payments is subject to excise tax, or the Post Termination Payments are reduced to zero. If Executive’s
Tax Counsel seeks the opinion of a valuation firm in connection with the opinion to be delivered by Executive’s Tax Counsel under this Paragraph, the Company agrees to bear the reasonable cost of such valuation firm in delivering such opinion.
For purposes of this limitation (i) no portion of the Post Termination Payments the receipt or 

  
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 Lee A. Spirer 
  

 
enjoyment of which the Executive shall have waived in writing prior to the date of payment following termination of the Post Termination Payments shall be taken into account, (ii) no portion
of the Post Termination Payments shall be taken into account which in the opinion of Executive’s Tax Counsel does not constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the Code, (iii) the Post
Termination Payments shall be reduced only to the extent necessary so that the Post Termination Payments (other than those referred to in clauses (i) and (ii)) in their entirety constitute reasonable compensation for services actually rendered
within the meaning of Section 280G(b)(4) of the Code or are otherwise not subject to excise tax, in the opinion of Executive’s Tax Counsel, and (iv) the value of any non-cash benefit and all deferred payments and benefits included in
the Post Termination Payments shall be determined by the mutual agreement of the Company and the Executive in accordance with the principles of Sections 280G(d)(3) and (4) of the Code. In the event that the Post Termination Payments shall be
reduced pursuant to this Paragraph, then such reduced payment shall be determined by reducing the Post Termination Payments otherwise payable to the Executive in the following order: (i) by reducing the cash severance payment due under
Paragraph 8; (ii) by eliminating the acceleration of vesting of any stock options (and if there is more than one option award so outstanding, then the acceleration of the vesting of the stock option with the highest exercise price shall be
reduced first and so on); and (iii) by reducing the payments of any restricted stock, restricted stock units, performance awards or similar equity-based awards that have been awarded to the Executive by the Company (and if there be more than
one such award held by the Executive, by reducing the awards in the reverse order of the date of their award, with the oldest award reduced first and the most-recently awarded reduced last). 
 10. Governing Law; Arbitration; Jurisdiction; Attorneys’ Fees. 
 This
Agreement is made and entered into and will be governed by and interpreted in accordance with the laws of and before the courts of the State of Illinois. The Company and the Executive agree that any dispute regarding this Agreement that cannot be
resolved amicably by the parties, will be submitted to arbitration within 60 days of the date the dispute arose and will be resolved in accordance with Employment Arbitration Rules of the American Arbitration Association then in effect. The
arbitrator will be mutually selected by the parties or in the event the parties cannot mutually agree, then appointed by the American Arbitration Association. Any arbitration will be held in Chicago, Illinois and the arbitrator will apply Illinois
law. Judgment upon any award rendered by the arbitrator will be final and binding and may be entered in any court of competent jurisdiction. The Company will have the absolute right to seek equitable remedies in any state court of competent
jurisdiction in the State of Illinois, County of Cook, or in a United States District Court in the State of Illinois pursuant to Paragraph 6(b) hereof. The parties shall be responsible for their own costs and expenses under this Paragraph 10;
provided, however, all costs, fees and expenses (including reasonable attorneys’ fees associated with such arbitration and court action to enforce judgment upon any award made by an arbitrator) shall be borne by the Company if the Executive
prevails. 

  
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 Lee A. Spirer 
  

 11. Section 409A of the Code. 

(a) This Agreement is intended to meet the requirements of Section 409A of the Code, and shall be interpreted and construed
consistent with that intent. The payments to Executive pursuant to this Agreement are also intended to be exempt from Section 409A of the Code to the maximum extent possible, under either the separation pay exemption pursuant to Treasury
regulation §1.409A-1(b)(9)(iii) or as short-term deferrals pursuant to Treasury regulation §1.409A-1(b)(4), and any installment paid to Executive under this Agreement shall be considered a separate payment. In the event the terms of this
Agreement would subject Executive to taxes or penalties under Section 409A of the Code (“409A Penalties”), the Company and Executive shall cooperate diligently to amend the terms of the Agreement to avoid such 409A Penalties,
to the extent possible; provided that in no event shall the Company be responsible for any 409A Penalties that arise in connection with any amounts payable under this Agreement. 

(b) Notwithstanding any other provision of this Agreement, to the extent that the right to any payment (including the provision of
benefits) hereunder provides for the “deferral of compensation” within the meaning of Section 409A(d)(1) of the Code, the payment shall be paid (or provided) in accordance with the following: 

(i) If the Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code
on the date of the Executive’s Separation from Service (the “Separation Date”), then no such payment shall be made during the period beginning on the Separation Date and ending on the date that is six months following the Separation
Date or, if earlier, on the date of the Executive’s death, if the earlier making of such payment would result in tax penalties being imposed on the Executive under Section 409A of the Code. The amount of any payment that would otherwise be
paid to the Executive during this period shall instead be paid, with interest at the rate of 5% per annum, to the Executive on the first business day following the date that is six months following the Separation Date or, if earlier, the date
of the Executive’s death. 
 (ii) Payments with respect to reimbursements of all expenses pursuant to this
Agreement shall be made promptly, but in any event on or before the last day of the calendar year following the calendar year in which the relevant expense is incurred. The amount of expenses eligible for reimbursement, or in-kind benefit provided,
during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefit to provided, in any other calendar year and the Executive’s right to such reimbursement or in-kind benefits may not be liquidated or exchanged for
any other benefit. 
 The Executive hereby agrees that the Company may, without further consent from the Executive, make any and all changes to
this Agreement as may be necessary or appropriate to avoid the imposition of penalties on the Executive pursuant to Section 409A of the Code, while not substantially reducing the aggregate value to the Executive of the payments and benefits to,
or otherwise adversely affecting the rights of, the Executive under this Agreement. 

  
 16 

 Lee A. Spirer 
  

 12. Miscellaneous. 
 (a) Entire Agreement. This Agreement (and any Restricted Stock Unit Award Agreement executed pursuant to the LTIP) constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof and supersedes any and all previous agreements, written or oral, regarding the subject matter hereof between the parties hereto. Except as otherwise provided for in Paragraphs 6(c), 11 or 12(e) of this Agreement, this
Agreement shall not be modified or amended, except by a written agreement signed by the parties hereto. 
 (b) Notices.
All notices, requests, demands and other communications required or permitted to be given or made under this Agreement shall be in writing and shall be deemed to have been given if delivered by hand, sent by generally recognized overnight courier
service, telex or telecopy with confirmation of receipt, or mail: 
  

	 	(i)	to the Company: 

 Navigant
Consulting, Inc. 
 Attn: Chief Executive Officer 
 30 S. Wacker 
 Chicago, Illinois 60606 

 

	 	(ii)	to the Executive: 

 Lee A.
Spirer 

                      
                           
                                  
                
 or to such other address as either party shall
have furnished to the other in writing in accordance herewith. Notice and communications will be effective when actually received by the addressee. 
 (c) Indemnification. To the fullest extent permitted by law and in addition to any other rights permitted or granted under the Company’s certificate of formation and operating agreement, each
as amended to date, or any agreement or policy of insurance, or by law, the Company shall indemnify the Executive if the Executive is made a party, or threatened to be made a party, to any threatened, pending, or contemplated action, suit or
proceeding, whether civil, criminal, administrative or investigative (“Proceeding”), by reason of the fact that the Executive is or was an employee, officer or director of the Company or any subsidiary of the Company, in which capacity the
Executive is or was serving at the Company’s request, against any and all costs, losses, damages, judgments, liabilities and expenses (including reasonable attorneys’ fees) which may be suffered or incurred by him in connection with any
such Proceeding; provided, however, that there shall be no indemnification in relation to matters as to which the Executive is adjudged to have been guilty of fraud or bad faith or as a result of the Executive’s material breach. 

  
 17 

 Lee A. Spirer 
  

 The Company shall advance to the Executive all reasonable costs and expenses incurred by
him in connection with a Proceeding within 20 calendar days after receipt by the Company of a written request for such advance. Such request shall include an undertaking by the Executive to repay the amount of such advance if it shall ultimately be
determined that he is not entitled to be indemnified against such costs and expenses. 
 The Company agrees to maintain during
the Employment Term and thereafter one or more directors’ and officers’ liability insurance policies covering the Executive with the same terms and aggregate limits of liability as apply to the Company’s other senior executive
officers. 
 (d) Successors. This Agreement is personal to the Executive and without the prior written consent of the
Company it shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement will inure to the benefit of and be enforceable against the Executive’s legal representatives. This Agreement
will inure to the benefit of and be binding upon the Company and its successors and assigns (as contemplated in the following sentence). The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, share
exchange or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no
such succession had taken place. For purposes of this Agreement, the term “Company” means the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement
by operation of law, or otherwise. 
 (e) Severability. If any provision of this Agreement is held invalid or
unenforceable, either in its entirety or by virtue of its scope or application to given circumstances, such provision will thereupon be deemed modified only to the extent necessary to render such provision valid, or not applicable to given
circumstances, or excised from this Agreement, as the situation may require, and this Agreement will be construed and enforced as if such provision had been included herein as so modified in scope or application, or had not been included herein, as
the case may be. Should this Agreement, or any one or more of the provisions hereof, be held to be invalid, illegal or unenforceable within any governmental jurisdiction or subdivision thereof, the Agreement or any such provision or provisions will
not as a consequence thereof be deemed to be invalid, illegal or unenforceable in any other governmental jurisdiction or subdivision thereof. 
 (f) Waiver. The Executive’s or the Company’s failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the Company
may have hereunder, will not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 
 (g) Counterparts. This Agreement may be executed in two counterparts, each of which will be deemed an original and both of which taken together will constitute a single instrument. 

(signature page follows) 

  
 18 

 Lee A. Spirer 
  

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

			
		 	
	
	/s/ Lee A. Spirer
	Lee A. Spirer
	
	Navigant Consulting, Inc.
		
	By:	 	/s/ Julie M. Howard
		 	 Julie M. Howard

Chief Executive Officer

  
 19

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