Document:

EX-4.3

Exhibit 4.3

BOB EVANS FARMS, INC.

AND

BEF HOLDING CO., INC.

FIRST AMENDMENT TO NOTE PURCHASE AGREEMENT

Dated as of January 15, 2005

			
	     Re:	 	Note Purchase Agreement dated as of July 28, 2004 and

$190,000,000 aggregate principal amount of Senior Notes due July 28, 2007-2016

To each of the institutional investors (the “Noteholders”) 

Named in Schedule I attached hereto

Ladies and Gentlemen:

     Reference is made to the Note Purchase Agreement dated as of July 28, 2004 (the “Note Purchase
Agreement”) by and among Bob Evans Farms, Inc., a Delaware corporation (the “Company”), BEF Holding
Co., Inc., a Delaware corporation (the “Issuer”), and each of the institutional investors party
thereto, under and pursuant to which, among other things, the Issuer originally issued and sold (i)
$30,000,000 aggregate principal amount of its 3.74% Senior Notes, Series A, due July 28, 2007 (the
“Series A Notes”), (ii) $40,000,000 aggregate principal amount of its 4.61% Senior Notes, Series B,
due July 28, 2010 (the “Series B Notes”), (iii) $95,000,000 aggregate principal amount of its 5.12%
Senior Notes, Series C, due July 28, 2014 (the “Series C Notes”), and (iv) $25,000,000 aggregate
principal amount of its 5.67% Senior Notes, Series D, due July 28, 2016 (the “Series D Notes,” and
together with the Series A Notes, the Series B Notes and the Series C Notes, the “Notes”). Terms
used but not otherwise defined herein shall have the meanings ascribed to such terms in the Note
Purchase Agreement.

     WHEREAS, at the time of the first payment of interest to the holders of the Series D Notes it
was discovered by the Issuer that method of computing interest was improperly identified in the
form of Series D Note and in each such Series D Note issued at Closing as being “computed on the
basis of a 360-day year and actual days elapsed” instead of “computed on the basis of a 360-day
year of twelve 30-day months”;

     WHEREAS, the Issuer contacted the holders of the Series D Notes and it was agreed that
interest on the Series D Notes should have been “computed on the basis of a 360-day year of twelve
30-day months”;

 

 

			
	Bob Evans Farms, Inc.
	 	First Amendment to
	BEF Holding Co., Inc.
	 	Note Purchase Agreement

     WHEREAS, the Issuer, the Company and the holders of the Notes wish to correct (effective from
the date of the Closing) the mistaken method of computation of interest in the form of Series D
Notes and in each Series D Note issued under the Note Purchase Agreement;

     NOW THEREFORE, the Company and the Issuer hereby jointly and severally agree with you in this
First Amendment to Note Purchase Agreement (this or the “First Amendment”) as follows:

			
	SECTION 1.	 	AMENDMENT TO EXHIBIT 1(D) (FORM OF 5.67% SENIOR NOTE,

SERIES D) OF NOTE PURCHASE AGREEMENT.

     The first paragraph of Exhibit 1(d) of the Note Purchase Agreement shall be and is hereby
amended in its entirety to read as follows:

“FOR VALUE RECEIVED, the undersigned, BEF HOLDING CO., INC., a Delaware
corporation (the “Issuer”), hereby promises to pay to [                    ], or its registered
assigns, the principal sum of $[                    ] DOLLARS on July 28, 2016, with interest
(computed on the basis of a 360-day year of twelve 30-day months) (a) on the
unpaid balance thereof at the rate of 5.67% per annum from the date hereof,
payable quarterly, on the 28th of each January, April, July and October in
each year, commencing October 28, 2004, until the principal hereof shall
have become due and payable, and (b) to the extent permitted by law on any
overdue payment (including any overdue prepayment) of principal, any overdue
payment of interest and any overdue payment of any Make-Whole Amount (as
defined in the Note Purchase Agreement referred to below), payable quarterly
as aforesaid (or, at the option of the registered holder hereof, on demand),
at a rate per annum from time to time equal to the greater of (i) 7.67% or
(ii) 2% over the rate of interest publicly announced by National City Bank
from time to time in Cleveland, Ohio as its “base” or “prime” rate.
Capitalized terms used but not defined herein shall have the meaning
assigned thereto in the Note Purchase Agreement.”

SECTION 2. EXCHANGE OF SERIES D NOTES.

     Each holder of a Series D Note hereby agrees that interest on the unpaid balance of such Note
is and was, from and after the Closing Date, to be “computed on the basis of a 360-day year of
twelve 30-day months”. In furtherance of this First Amendment, the Issuer agrees to issue new
Series D Notes, as modified as provided in Section 1 of this First Amendment, but in all other
respects identical to the Note issued to each holder at Closing (each a “Replacement Note”) and
each such holder agrees to surrender the Series D Note delivered to it at Closing in exchange for
such Replacement Note.

2

 

			
	Bob Evans Farms, Inc.
	 	First Amendment to
	BEF Holding Co., Inc.
	 	Note Purchase Agreement

SECTION 3. MISCELLANEOUS.

     Section 3.1 Ratification of Note Purchase Agreement and the Notes. Except as herein expressly
amended, the Note Purchase Agreement and the Notes are in all respects ratified and confirmed. If
and to the extent that any of the terms or provisions of the Note Purchase Agreement or the Notes,
as the case may be, is in conflict or inconsistent with any of the terms or provisions of this
First Amendment, this First Amendment shall govern.

     Section 3.2 References to Note Purchase Agreement. References in the Note Purchase Agreement
or in any Note, certificate, instrument or other document related to or delivered in connection
with the transactions contemplated by the Note Purchase Agreement shall be deemed to be references
to the Note Purchase Agreement and the Series D Notes as amended hereby and as further amended from
time to time.

     Section 3.3. Successors and Assigns. This First Amendment shall be binding upon the Company,
the Issuer and each Noteholder and their successors and assigns, including each successive holder
or holders of any Notes.

     Section 3.4. Requisite Approval. This First Amendment shall be effective as of the date first
written above upon the satisfaction of the following conditions precedent: (a) the Company, the
Issuer and the Required Holders (including all of the holders of the Series D Notes) shall have
executed this First Amendment, (b) the Subsidiary Guarantor shall have executed and delivered the
Acknowledgment and Consent in respect of the Subsidiary Guaranty and this First Amendment in the
form attached hereto as Exhibit A, and (c) the Company and the Issuer shall have paid all
reasonable out-of-pocket expenses incurred by each Noteholder in connection with the consummation
of the transactions contemplated by this First Amendment.

     Section 3.5. Counterparts. This First Amendment may be executed in any number of counterparts,
each executed counterpart constituting an original but all together only one agreement.

     Section 3.6. Governing Law. The Note Purchase Agreement, as amended by this First Amendment,
and the Notes shall be construed and enforced in accordance with, and the rights of the parties
shall be governed by, the law of the State of New York excluding choice-of-law principles of the
law of such State that would require the application of the laws of a jurisdiction other than such
State.

[Signature Pages Follow]

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     IN WITNESS WHEREOF, each of the Company and the Issuer has executed this First Amendment to
Note Purchase Agreement as of the day and year first above written.

	 	 	 	 	 
	 	Bob Evans Farms, inc. 

 	 
	 	By:  	/s/ Tod Spornhuaer
 	 
	 	 	Its Senior Vice President of Finance 	 
	 	 	 	 
	 
	 	BEF Holding Co., Inc.

 	 
	 	By:  	/s/ Tod Spornhauer
 	 
	 	 	Its  Senior Vice President of Finance 	 
	 	 	 	 
	 
	 	Metropolitan Life Insurance Company

 	 
	 	By  	/s/ Timothy L. Powell
 	 
	 	 	Name:  	Timothy L. Powell 	 
	 	 	Title:  	Director 	 
	 
	 	General American Life Insurance Company

By: Metropolitan Life Insurance Company, its

       Investment Manger

 	 
	 	By  	/s/ Timothy L. Powell
 	 
	 	 	Name:  	Timothy L. Powell 	 
	 	 	Title:  	Director 	 
	 
	 	New England Life Insurance Company 

By: Metropolitan Life Insurance Company, its

       Investment Manger

 	 
	 	By  	/s/ Timothy L. Powell
 	 
	 	 	Name:  	Timothy L. Powell 	 
	 	 	Title:  	Director 	 
	 
	 	Nationwide Life Insurance Company

Nationwide Life and Annuity Insurance Co.

Nationwide Mutual Insurance Co.

 	 
	 	By  	/s/ Joseph P. Young
 	 
	 	 	Name:  	Joseph P. Young 	 
	 	 	Title:  	Authorized Signatory 	 

 

 

	 	 	 	 	 
	 	Pacific Life Insurance Company

(Nominee: Mac & Co.)

 	 
	 	By  	/s/ Violet Osterberg
 	 
	 	 	Name:  	Violet Osterberg 	 
	 	 	Title:  	Assistant Vice President 	 
	 	 	 
	 	By  	/s/ Peter S. Fiek
 	 
	 	 	Name:  	Peter S. Fiek 	 
	 	 	Title:  	Assistant Secretary 	 
	 
	 	Teachers Insurance and Annuity 

Association of America

 	 
	 	By  	/s/ Marina Mavrakis
 	 
	 	 	Name:  	Marina Mavrakis 	 
	 	 	Title:  	Managing Director 	 
	 
	 	Allstate Life Insurance Company 

 	 
	 	By  	/s/ Jeffrey J. Cannon
 	 
	 	 	Name:  	Jeffrey J. Cannon 	 
	 	 	 	 
	 	By  	/s/ Jerry D. Zinkula
 	 
	 	 	Name:  	Jerry D. Zinkula 	 
	 	 	Authorized Signatories 	 
	 
	 	Allstate Insurance Company

 	 
	 	By  	/s/ Jeffrey J. Cannon
 	 
	 	 	Name:  	Jeffrey J. Cannon 	 
	 	 	 	 
	 	By  	/s/ Jerry D. Zinkula
 	 
	 	 	Name:  	Jerry D. Zinkula 	 
	 	 	Authorized Signatories 	 
	 
	 	American Heritage Life Insurance Co.

 	 
	 	By  	/s/ Jeffrey J. Cannon
 	 
	 	 	Name:  	Jeffrey J. Cannon 	 
	 	 	 	 
	 	By  	/s/ Jerry D. Zinkula
 	 
	 	 	Name:  	Jerry D. Zinkula 	 
	 	 	Authorized Signatories 	 

 

 

	 	 	 	 	 
	 
	 	Jackson National Life Insurance Company

By: PPM American, Inc. as attorney in fact,

       on behalf of Jackson National Life

       Insurance Company

 	 
	 	By  	/s/ Mark Staub
 	 
	 	 	Name:  	Mark Staub 	 
	 	 	Title:  	Vice President 	 
	 
	 	The Prudential Assurance Company Limited

By: PPM American, Inc. as attorney in fact,

       on behalf of Jackson National Life

       Insurance Company

 	 
	 	By  	/s/ Mark Staub
 	 
	 	 	Name:  	Mark Staub 	 
	 	 	Title:  	Vice President 	 
	 
	 	Ameritas Life Insurance Corp.

By: Ameritas Life Insurance Advisors, Inc., as Agent

 	 
	 	By  	/s/ Andrew S. White
 	 
	 	 	Name:  	Andrew S. White 	 
	 	 	Title:  	Vice President — Fixed Income Securities 	 
	 
	 	Acacia Life Insurance Company 

By: Ameritas Life Insurance Advisors, Inc., as Agent

 	 
	 	By  	/s/ Andrew S. White
 	 
	 	 	Name:  	Andrew S. White 	 
	 	 	Title:  	Vice President — Fixed Income Securities 	 
	 
	 	The Northwestern Mutual Life Insurance Company

 	 
	 	By  	/s/ Timothy S. Collins
 	 
	 	 	Name:  	Timothy S. Collins 	 
	 	 	Its Authorized Representative 	 
	 
	 	The guardian Life Insurance Company of america

 	 
	 	By  	/s/ Brian Keating
 	 
	 	 	Name:  	Brian Keating 	 
	 	 	Title:  	Director, Fixed Income 	 

 

 

NOTEHOLDERS

	 	 	 	 	 
	 	 	Outstanding
	 	 	Aggregate Principal
	 	 	amount of
	Names of Noteholders	 	notes
	Metropolitan Life Insurance Company
	 	$	17,000,000	 
	General American Life Insurance Company
	 	$	2,000,000	 
	New England Life Insurance Company
	 	$	1,000,000	 
	Nationwide Life Insurance Company
	 	$	17,000,000	 
	Nationwide Life and Annuity Insurance Company
	 	$	5,000,000	 
	Nationwide Mutual Insurance Company
	 	$	3,000,000	 
	Pacific Life Insurance Company
	 	$	25,000,000	 
	Teachers Insurance and Annuity Association of America
	 	$	15,000,000	 
	Allstate Life Insurance Company
	 	$	28,000,000	 
	Allstate Insurance Company
	 	$	7,000,000	 
	American Heritage Life Insurance Company
	 	$	5,000,000	 
	Jackson National Life Insurance Company
	 	$	20,000,000	 
	The Prudential assurance Company Limited
	 	$	15,000,000	 
	Ameritas Life Insurance Corp.
	 	$	3,000,000	 
	Acacia Life Insurance Company
	 	$	2,000,000	 
	The Northwestern Mutual Life Insurance Company
	 	$	15,000,000	 
	The Guardian Life Insurance Company of America
	 	$	10,000,000	 
	total
	 	$	190,000,000	 

SCHEDULE I

(to First Amendment to Note Purchase Agreement)

 

 

ACKNOWLEDGMENT AND CONSENT

To the institutional investors named in

Schedule I to the First Amendment (as hereinafter described)

     This Acknowledgment and Consent (this “Acknowledgment and Consent”), dated as of January 15,
2005, is being delivered by the undersigned (the “Subsidiary Guarantor”), in respect of that
certain Subsidiary Guaranty dated as of July 28, 2004 (the “Subsidiary Guaranty”), given in favor
of the institutional investors referred therein, and in connection with the transactions
contemplated by the First Amendment to Note Purchase Agreement, effective as of even date
herewith (the “First Amendment”), by and among Bob Evans Farms, Inc., a Delaware corporation (the
“Company”), BEF Holding Co., Inc., a Delaware corporation (the “Issuer”), and each of the
institutional investors party thereto, in respect of the original Note Purchase Agreement.
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such
terms in the First Amendment.

     By executing this Acknowledgment and Consent as of the date hereof, the Subsidiary
Guarantor:

     (i) acknowledges receipt of a copy of, and hereby consents to the terms of, the
First Amendment;

     (ii) ratifies and confirms the Subsidiary Guaranty; and

     (iii) confirms that the Subsidiary Guaranty continues unimpaired and in full force
effect.

[Signature Pages for Acknowledgment and Consent Follow]

EXHIBIT A

(to First Amendment to Note Purchase Agreement)

 

 

     This Acknowledgment and Consent may be executed in one or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same
instrument. Signatures to this Acknowledgment and Consent may be given by facsimile or other
electronic transmission, and such signatures shall be fully binding on the party sending the
same.

     IN WITNESS WHEREOF, the Subsidiary Guarantor has caused this Acknowledgment and Consent to
be executed as of the day and year first above written.

	 	 	 	 	 
	 	MIMI’S CAFE, LLC

 	 
	 	By  	/s/ Tod Spornhauer
 	 
	 	 	Its: Senior Vice President of FinanceEX-10.3

Exhibit 10.3

AMENDED
AND RESTATED EMPLOYMENT AGREEMENT

     This Amended and Restated Employment Agreement (“Agreement”) is entered into as of June 18,
2009, by and between Bob Evans Farms, Inc., a Delaware corporation (the “Company”), and Steven A.
Davis (the “Executive”).

     WHEREAS, the Company and the Executive previously entered into an employment agreement
effective May 1, 2006, as amended effective December 24, 2008 (the “Prior Agreement”);

     WHEREAS, the Company believes it to be in its best interest to provide for continuity of
management and to provide protection for its valuable trade secrets and confidential information;

     WHEREAS, the Board of Directors of the Company (the “Board”) and the Compensation Committee of
the Board (the “Compensation Committee”) have determined that it is in the best interests of the
Company to continue securing the services and employment of the Executive, and the Executive is
willing to continue rendering such services on the terms and conditions set forth herein.

     NOW, THEREFORE, in consideration of the premises and the mutual terms and conditions hereof,
the Company and the Executive hereby agree to amend and restate the Prior Agreement as follows:

     1. Employment. During the Term, (a) the Company agrees to employ the Executive and
the Executive hereby accepts employment with the Company as the Company’s Chief Executive Officer
upon the terms and conditions hereinafter set forth, and (b) the Board agrees to continue to
nominate the Executive for election as a member of the Board and to recommend that the Company’s
stockholders elect the Executive as a member of the Board at each meeting of the Company’s
stockholders.

     2. Exclusive Services. During the Term, the Executive agrees (a) to serve as the
Company’s Chief Executive Officer and to perform the services customarily performed by persons in
similar executive capacities, (b) to discharge any other duties and responsibilities that the Board
assigns, (c) if elected, to serve as an officer and/or director of any direct or indirect
subsidiary of the Company, (d) to primarily perform his duties hereunder at the Company’s principal
business offices, as such may be located from time to time, unless otherwise agreed in writing
between the Board and the Executive, (e) except for periods of absence because of illness,
vacations of reasonable duration and any leaves of absence approved by the Board to (i) devote his
full attention and energies to promoting the Company’s business, (ii) fulfill the obligations
described in this Agreement and (iii) exercise the highest degree of loyalty and the highest
standards of conduct in the performance of his duties, and (f) in addition to the obligations
described in Section 10, not to engage in any other business activity, whether or not for gain,
profit or other pecuniary advantage, that does not involve promoting the Company’s business.
However, the Executive may serve as a director of entities that are not related to the Company if
that service (a) does not violate any term or condition of this Agreement, (b) does not injure the
Company or any entity related to the Company, (c) is not prohibited by law or by rules adopted by
the Company, and (d) is approved in advance by the Board.

 

 

     The restrictions described in this section will not be construed to prevent the Executive from
(a) investing his personal assets in (i) businesses that do not compete or do business with the
Company and do not require the Executive to perform any services connected with the operation or
affairs of the businesses in which the investment is made or (ii) stocks or corporate securities
described in Section 10 but subject to the limits described in that section, or (b) participating
in, or serving as a trustee or director of, civic and charitable organizations or activities, but
only if this activity does not interfere with the performance of his duties under this Agreement.

     3. Duties. The Executive shall perform the duties, undertake the responsibilities,
and exercise the authority customarily performed, undertaken, and exercised by persons employed in
a similar executive capacity. The Executive shall report to the Board.

     4. Term. Subject to earlier termination as hereinafter provided, this Agreement is
effective as of May 1, 2009 (the “Effective Date” and shall have a term of five (5) years
commencing as of the Effective Date (the “Term”). The Term may be extended or renewed only by
written agreement signed by the Executive and an expressly authorized representative of the Board.

     5. Compensation.

          a. As compensation for his services rendered under this Agreement, the Executive shall be
entitled to receive the following in addition to any discretionary awards that the Compensation
Committee determines in its sole discretion from time to time:

               i. Base Salary. The Executive shall be paid an initial base salary of $770,000.00 for
the first fiscal year of the Term. Thereafter, the base salary shall be determined by the
Compensation Committee in its sole discretion on an annual basis (“Base Salary”) during the Term of
this Agreement, payable in 26 equal bi-weekly installments or, if different, the Company’s regular
payroll schedule, prorated for any partial employment month.

               ii. Annual Cash Bonus. The Executive shall be eligible for an annual cash bonus
(“Bonus”) as may be determined and authorized in the sole discretion of the Compensation Committee
based upon reasonable performance goals that the Compensation Committee establishes in good faith.
Some or all of the Bonus may, in the sole discretion of the Compensation Committee, be subject to
performance goals designed to comply with the performance-based compensation exception under
Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), or any successor rule
or regulation. The Executive’s target Bonus opportunity shall be determined by the Compensation
Committee in its sole discretion on an annual basis, except that the Executive’s target Bonus
opportunity for any given year during the Term will not be less than 100% of his Base Salary unless
the parties mutually agree to reduce the percentage as part of a negotiated restructuring of the
Executive’s compensation.

               iii. Performance Incentive Plan. As may be determined and authorized from time to
time in the sole discretion of the Compensation Committee, and subject to the terms and conditions
of any equity compensation plans and award agreements governing the grant of equity awards, the
Executive shall be eligible to participate in the Company’s

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Performance Incentive Plan or successor program (the “PIP”), with a targeted equity award
(“TEA”) based upon a percentage of the Executive’s Base Salary. Per the terms of the PIP, after
the end of each fiscal year, the Compensation Committee shall make an equity grant to the
Executive, the value of which will be based on the Executive’s TEA. Any equity grants made
pursuant to the PIP shall be dependent upon the achievement of performance goals, and the vesting
and other terms and conditions of such equity grants shall be determined by the Compensation
Committee in its sole discretion.

               iv. Long-Term Performance-Based Incentive Award. The Executive shall be entitled to
receive a special long-term performance-based incentive award (the “Long-Term Performance-Based
Incentive Award”) for the five-year performance period beginning on April 25, 2009 and ending on
April 25, 2014 (the “Five-Year Performance Period”). The Long-Term Performance-Based Incentive
Award shall be comprised of five individual grants of performance shares at the beginning of each
fiscal year during the Five-Year Performance Period, the vesting of which will be based upon the
attainment of both annual performance objectives as well as overall performance objectives for the
Five-Year Performance Period. The terms and conditions of the Long-Term Performance-Based
Incentive Award and the individual grants of performance shares comprising the Long-Term
Performance-Based Incentive Award shall be substantially similar to the terms and conditions set
forth in Appendices A (the CEO Long-Term Performance-Based Incentive Award Program — Conditions
for the Five-Year Performance Period) and B (the CEO Long-Term Performance-Based Incentive Award
Program — Fiscal Year Performance Share Award Agreement) hereto. The Company’s obligation to
provide this Long-Term Performance-Based Incentive Award shall not extend to any renewal or
amendment of this Agreement, unless expressly provided in such renewal or amendment.

     6. Benefits. In addition to the compensation to be paid to the Executive pursuant to
Section 5 hereof, the Executive shall be entitled to receive the following benefits, subject to the
Company continuing to sponsor and maintain such benefits for its senior executive officers and
subject to any modification or amendment to the plans or policies governing such benefits:

          a. Participation in Employee Plans. In addition to the plans described in this
Agreement, the Executive shall be entitled to participate in any health, disability, or grouplife
insurance plan; any pension, retirement, or profit sharing plan; any executive bonus plan; and any
other perquisites and fringe benefits, in which the Executive is eligible to participate and which
may be extended from time to time to the Company’s senior executive officers.

          b. Non-Qualified Deferred Compensation Plans. In accordance with the terms contained
therein, the Executive shall be eligible to participate in the Company’s Supplemental Executive
Retirement Plan and the Company’s Executive Deferral Program.

          c. Vacation. The Executive shall be entitled to a minimum of four weeks vacation with
full salary and benefits each fiscal year. Under current Company policy (which may be changed at
the discretion of the Company) no cash or other payment will be due, however, for unused vacation
and vacation may not be carried over from any fiscal year to the next. Upon any termination of the
Executive’s employment, earned and unused vacation accrued

3

 

in the fiscal year in which the termination occurs will be paid in accordance with the
Company’s policy then in effect.

          d. Automobile. The Company shall provide the Executive with the use of an automobile
or a monthly allowance in accordance with the Company’s automobile policy for officers, as approved
by the Compensation Committee. If a monthly allowance is provided pursuant to this Section 6(d),
such allowance shall be paid to the Executive in substantially equal bi-weekly installments or, if
different, the Company’s regular payroll schedule, which will be not less than monthly
installments.

     7. Reimbursement of Expenses.

          a. Business Expense Reimbursements. Subject to such rules and procedures as from time
to time are specified by the Company and in accordance with the Company’s expense reimbursement
policy (which may be changed at the discretion of the Company), the Company shall reimburse the
Executive for reasonable business expenses necessarily incurred in the performance of his duties
under this Agreement.

          b. Attorneys’ Fees. The Company agrees to pay directly to the Executive’s counsel or
to reimburse the Executive for his legal fees incurred in connection with the negotiation and
documentation of this Agreement, any additional amendments to this Agreement and any renewal or
extension of this Agreement; subject to the approval of the Compensation Committee, whose approval
shall not be unreasonably withheld. Any payment or reimbursement under this Section 7(b) shall be
made no later than the 15th day of the third month following the later of (i) the end of the
Executive’s taxable year during which the applicable fees are incurred or (ii) the end of the
Company’s taxable year during which the applicable fees are incurred.

     8. Confidentiality/Trade Secrets. The Executive acknowledges that his position with
the Company is one of the highest trust and confidence both by reason of his position and by reason
of his access to and contact with the trade secrets and confidential and proprietary business
information of the Company. Both during the Term of this Agreement and thereafter, the Executive
covenants and agrees as follows:

          a. He shall use his best efforts and exercise reasonable diligence to protect and safeguard
the trade secrets and confidential and proprietary information of the Company, including but not
limited to financial information, the identity of its customers and suppliers, its arrangements
with customers and suppliers, and its technical and financial data, records, compilations of
information, processes, recipes and specifications relating to its customers, suppliers, products
and services;

          b. He shall not disclose any of such trade secrets and confidential and proprietary
information, except as may be required in the course of his employment with the Company or by law;
and

          c. He shall not use, directly or indirectly, for his own benefit or for the benefit of
another, any of such trade secrets and confidential and proprietary information.

4

 

     All files, records, documents, drawings, specifications, memoranda, notes, or other documents
relating to the business of the Company, in whatever form, format or medium, whether prepared by
the Executive or otherwise coming into his possession, shall be the exclusive property of the
Company and shall be delivered to the Company and not retained by the Executive upon termination of
his employment for any reason whatsoever or at any other time upon request of the Board, or, at the
option of the Company, he may destroy all such material and certify such destruction in writing to
the Company within ten (10) days following the termination of his employment or such request by the
Company.

     9. Discoveries. The Executive covenants and agrees that he will fully inform the
Company of and disclose to the Company all inventions, designs, improvements, discoveries, and
processes (“Discoveries”) that he has now or may hereafter have during his employment with the
Company and that pertain or relate to the business of the Company or to any experimental work,
products, services, or processes of the Company in progress or planned for the future, whether
conceived by the Executive alone or with others, and whether or not conceived during regular
working hours or in conjunction with the use of any Company assets. All such Discoveries shall be
the exclusive property of the Company whether or not patent or trademark applications are filed
thereon. The Executive shall assist the Company, at any time during or after his employment, in
obtaining patents and other intellectual property protection on all such Discoveries deemed
patentable or otherwise protectable by the Company and shall execute all documents and do all
things necessary to obtain letters patent, vest the Company with full and exclusive title thereto,
and protect the same against infringement by others, all at the expense of the Company. If such
assistance takes place after his employment is terminated, the Executive shall be paid by the
Company for any time actually spent in rendering such assistance at the request of the Company at
an hourly rate equivalent to fifty percent (50%) of the Executive’s Base Salary as in effect on the
date of termination of his employment divided by 2500.

     10. Non-Competition. The Executive covenants and agrees that during the period of his
employment, and for a period of two (2) years following the effective date of the termination of
his employment for any reason, he shall not, without the prior written consent of the Board,
directly or indirectly, as an employee, employer, consultant, agent, principal, partner,
shareholder, officer, director, member, manager or through any other kind of ownership (other than
ownership of securities of publicly held corporations of which the Executive owns less than three
percent 3% of any class of outstanding securities), membership, affiliation, association, or in any
other representative or individual capacity, engage in or render, or agree to engage in or render,
any services to any Competing Business. For purposes of this Agreement, “Competing Business” shall
mean any business in North America that (a) is engaged in the family or casual dining restaurant
industry; (b) offers products that compete with products offered by the Company or any of its
affiliates; (c) offers products that compete with products the Company or its affiliates have taken
substantial steps toward launching during the Executive’s employment with the Company; or (d) is
engaged in a line of business that competes with any line of business that the Company or its
affiliates enter into, or have taken substantial steps to enter into, during the Executive’s
employment with the Company. During the two-year period following the Executive’s separation from
employment with the Company, the Executive may request, in writing, the approval of the Board to
provide services to a Competing Business in a capacity that is unrelated to the business and
products of the Company and its affiliates and that will not result

5

 

in the unauthorized use or disclosure of trade secrets and confidential information to which
the Executive had access by virtue of his employment with the Company. The Executive agrees to
provide any information the Board deems necessary to make this determination, and the Board shall
not unreasonably withhold its approval.

     11. Non-Solicitation. The Executive agrees that during the period of his employment,
and for a period of two (2) years following the effective date of the termination of the
Executive’s employment for any reason, he will not, either directly or indirectly, for himself or
for any third party, except as otherwise agreed to in writing by the Board, employ or hire any
other person who is then employed by the Company, or solicit, induce, recruit, or cause any other
person who is then employed by the Company to terminate his/her employment for the purpose of
joining, associating, or becoming employed with any other business or activity.

     12. Cooperation.

          a. The Executive agrees that during the period of his employment he will consult with, supply
information to, and otherwise cooperate with the Company or any of its affiliates after having been
requested to do so.

          b. Both during the Term of this Agreement and thereafter, the Executive covenants and agrees
that he will not disparage the Company or any of its affiliates.

     13. Remedies for Breach of Covenants of the Executive.

          a. The Company and the Executive specifically acknowledge and agree that the foregoing
covenants of the Executive in Sections 8, 9, 10, 11 and 12 are reasonable in content and scope and
are given by the Executive for adequate consideration. The Company and the Executive further
acknowledge and agree that if any court of competent jurisdiction or other appropriate authority
disagrees with the parties’ foregoing agreement as to reasonableness, then such court or other
authority shall reform or otherwise amend the foregoing covenants to the extent permitted by law
and in accordance with Section 19(b).

          b. The covenants set forth in Sections 8 and 12(b) of this Agreement shall continue to be
binding upon the Executive notwithstanding the termination of his employment with the Company for
any reason whatsoever, and the covenants set forth in Sections 9, 10 and 11 of this Agreement shall
continue to be binding upon the Executive following the termination of his employment with the
Company for any reason whatsoever as provided therein. Such covenants shall be deemed and
construed as separate agreements independent of any other provisions of this Agreement and any
other agreement between the Company and the Executive. The existence of any claim or cause of
action by the Executive against the Company, unless predicated on this Agreement, shall not
constitute a defense to the enforcement by the Company of any or all such covenants. It is
expressly agreed that the remedy at law for the breach of any such covenant is inadequate and
injunctive relief and specific performance shall be available to prevent the breach, or any
threatened breach, thereof.

     14. Termination of Employment. Any reference to the Executive’s “Separation from
Service” or “Separate from Service” shall have the same meaning as provided in Treasury
Regulation section 1.409A-1(h). The Executive’s employment with the Company may be terminated
as follows:

6

 

          a. Death of the Executive. The Executive’s employment hereunder will terminate upon
his death, and the Executive’s beneficiary (as designated by the Executive in writing with the
Company prior to his death) will be entitled to the following payments and benefits:

               i. Any Base Salary that is accrued but unpaid, the value of any vacation that is accrued but
unused (determined by dividing Base Salary by 365 and multiplying such amount by the number of
unused vacation days), and any business expenses that are unreimbursed — all, as of the date of
termination of employment; and

               ii. Any rights and benefits (if any) provided under plans and programs of the Company in which
the Executive was participating immediately prior to his death, determined in accordance with the
applicable terms and provisions of such plans and programs.

     In the absence of a beneficiary designation by the Executive, or if the Executive’s designated
beneficiary does not survive him, payments and benefits described in this subparagraph will be paid
to the Executive’s estate. All payments due under Section 14(a)(i) shall be made within thirty
(30) days after the date of the Executive’s death.

          b. Disability. The Executive’s employment hereunder may be terminated by the Company
in the event of his Disability upon not less than thirty (30) days prior written notice to the
Executive. For purposes of this Agreement, “Disability” or “Disabled” means the inability of the
Executive to engage in any substantial gainful activity by reason of any medically determinable
physical or mental impairment which can be expected to result in death or can be expected to last
for a continuous period of not less than twelve (12) months. During any period that the Executive
fails to perform his duties hereunder as a result of a Disability (“Disability Period”), the
Executive will continue to receive his Base Salary at the rate then in effect for such period
commencing on the date the Executive is determined to be Disabled until his employment is
terminated pursuant to this subparagraph; provided, however, that payments of Base Salary so made
to the Executive will be reduced by the sum of the amounts, if any, that were payable to the
Executive under any disability benefit plan, with any such offset being made in accordance with
Treasury Regulation section 1.409A-3(i)(1)(ii). In the event that the Company elects to terminate
the Executive’s employment pursuant to this subparagraph, the Executive will be entitled to the
following payments and benefits:

               i. Any Base Salary that is accrued but unpaid, the value of any vacation that is accrued but
unused (determined by dividing Base Salary by 365 and multiplying such amount by the number of
unused vacation days), and any business expenses that are unreimbursed — all, as of the date of
termination of employment;

               ii. Any rights and benefits (if any) provided under plans and programs of the Company in which
the Executive was participating immediately prior to the time he became Disabled, determined in
accordance with the applicable terms and provisions of such plans and programs; and

7

 

               iii. An amount equal to the pro-rated Bonus for the then-current fiscal year based on the
achievement of the applicable performance goals for such fiscal year (without pro-ration of such
performance goals) and as approved by the Compensation Committee, which Bonus shall be paid at the
same time payments for that fiscal year are made to other participants, is intended to be paid
within the short-term deferral period as defined in Code Section 409A and shall be pro-rated based
on the number of calendar days the Executive was employed during the fiscal year.

     Any payments of Base Salary during the Disability Period shall be made in accordance with the
payroll procedures described in Section 5(a)(i) of this Agreement. Any payments due under Section
14(b)(i) shall be made within thirty (30) days after the date of the Executive’s termination of
employment.

          c. Termination of Employment for Cause. The Company may terminate the Executive’s
employment at any time for “Cause” if such Cause is determined by the Board. For purposes of this
Agreement, the following shall constitute “Cause”:

               i. The Executive is convicted of — or pleads no contest/nolo contendere to — any felony or
any other serious criminal offense;

               ii. The Executive breaches any material provision of this Agreement (other than as related to
Sections 8, 9, 10, 11 and 12, which is covered by Section 14(c)(iii) below), or habitually neglects
to perform his duties under this Agreement (other than for reasons related to Disability) and such
breach or neglect is not corrected in the Company’s good faith belief within ten (10) business days
after receipt of written notice on behalf of the Board;

               iii. The Executive breaches any provision of Section 8, 9, 10, 11 or 12, and such breach is
not corrected in the Company’s good faith belief within five (5) business days after receipt of
written notice on behalf of the Board;

               iv. The Company reasonably determines that the Executive has intentionally acted in material
violation of any applicable local, state or federal law relating to discrimination or harassment;

               v. The Executive engages in any inappropriate relationship (romantic, sexual, or otherwise)
with an employee, customer, or supplier of the Company, or misuses or abuses Company property
and/or resources;

               vi. The Executive violates the Company’s Code of Conduct or any other material Company policy
applicable to senior executives of the Company; or

               vii. The Executive acts, without Board direction or approval, in an intentionally reckless
manner (but not mere unsatisfactory performance) that is materially injurious to the financial
condition of the Company.

     In the event that the Company terminates the Executive’s employment for Cause, the Executive
will be entitled to the following payments and benefits:

8

 

                    A. Any Base Salary that is accrued but unpaid, the value of any vacation that is accrued but
unused (determined by dividing Base Salary by 365 and multiplying such amount by the number of
unused vacation days), and any business expenses that are unreimbursed — all, as of the date of
termination of employment; and

                    B. Any rights and benefits (if any) provided under plans and programs of the Company,
determined in accordance with the applicable terms and provisions of such plans and programs.

     All payments due under Section 14(c)(A) shall be made within thirty (30) days after the date
of the Executive’s termination of employment.

          d. Termination Without Cause. The Company may terminate the Executive’s employment
for any reason upon fourteen (14) days prior written notice to the Executive. If the Executive’s
employment is involuntarily terminated by the Company for any reason other than the reasons set
forth in paragraphs (a), (b) or (c) of this Section 14, the Executive will be entitled to the
following payments and benefits:

               i. Any Base Salary that is accrued but unpaid, the value of any vacation that is accrued but
unused (determined by dividing Base Salary by 365 and multiplying such amount by the number of
unused vacation days), and any business expenses that are unreimbursed — all as of the date of
termination of employment and all payments due under this Section 14(d)(i) shall be made within
thirty (30) days after the date of the Executive’s termination of employment;

               ii. Any rights and benefits (if any) provided under plans and programs of the Company in which
the Executive was participating at the time of the termination of his employment, determined in
accordance with the applicable terms and provisions of such plans and programs;

               iii. Any prior year earned, but unpaid Bonus, which shall be paid in accordance with the terms
and provisions of the applicable plan or program;

               iv. Continuation of the Executive’s Base Salary, as in effect on the date of his Separation
from Service, for a period of twenty-four (24) months commencing on the date of his Separation from
Service; provided, that these payments will be made in equal monthly payments over such twenty-four
(24) month period and each installment payment provided for in this Section 14(d)(iv) is a separate
“payment” within the meaning of Treasury Regulation section 1.409A-2(b)(2)(i);

               v. An amount equal to the pro-rated Bonus for the then-current fiscal year based on the
achievement of the applicable performance goals for such fiscal year (without pro-ration of such
performance goals) and as approved by the Compensation Committee, which bonus shall be paid at the
same time payments for that fiscal year are made to other participants, is intended to be paid
within the short-term deferral period as defined in Code Section 409A and shall be pro-rated based
on the number of calendar days the Executive was employed during the fiscal year;

9

 

               vi. The payment by the Company directly to the carrier for the cost of premiums, and related
administrative fees, for group health (medical, dental and/or vision) continuation coverage for the
Executive and the Executive’s eligible dependents under the Consolidated Omnibus Budget
Reconciliation Act of 1985 (COBRA), as amended from time to time for the same level of benefits as
in effect immediately prior to the Executive’s termination of employment, which shall commence on
the date that the Executive Separates from Service and continue for a period equal to the lesser of
(A) twenty-four (24) months, or (B) the date the Executive and the Executive’s eligible dependents
are no longer eligible to receive continuation coverage pursuant to COBRA (the “COBRA Coverage”).
In order to receive the COBRA Coverage, the Executive must timely elect COBRA Coverage within the
required time period; and

               vii. The payment by the Company for all Company-sponsored life insurance programs in which the
Executive was participating or covered immediately before termination for twenty-four (24) months
following the date of his Separation from Service.

          e. Voluntary Termination by the Executive. The Executive may resign and terminate his
employment with the Company for any reason whatsoever upon not less than sixty (60) days prior
written notice to the Company. In the event that the Executive terminates his employment
voluntarily pursuant to this Section 14(e), the Executive will be entitled to the following
payments and benefits:

               i. Any Base Salary that is accrued but unpaid, the value of any vacation that is accrued but
unused (determined by dividing Base Salary by 365 and multiplying such amount by the number of
unused vacation days), and any business expenses that are unreimbursed — all, as of the date of
termination of employment; and

               ii. Any rights and benefits (if any) provided under plans and programs of the Company in which
the Executive was participating at the time of the termination of his employment, determined in
accordance with the applicable terms and provisions of such plans and programs.

     All payments due under Section 14(e)(i) shall be made within thirty (30) days after the date
of the Executive’s termination of employment.

          f. Good Reason Termination. The Executive may resign and terminate his employment
with the Company for “Good Reason.” The Executive shall have “Good Reason” to effect a termination
of his employment if without his consent the Company (i) materially reduces the Executive’s base
compensation, except for a reduction that generally applies to executive officers, (ii) requires
the Executive to relocate more than 50 miles from the greater Columbus, Ohio area, or (iii)
diminishes the functional responsibilities of the Executive in a substantial and negative manner;
all provided the Executive (A) has given written notice to the Board as to the details of the basis
for such Good Reason within thirty (30) days following the date on which the Executive alleges the
condition giving rise to such Good Reason initially occurs and the Company has failed to provide a
reasonable cure within thirty (30) business days
after its receipt of such notice and (B) terminates his employment within ninety (90) days of the time in which
the condition giving rise to such Good Reason initially occurs.

10

 

     In the event that the Executive terminates his employment for Good Reason pursuant to this
Section 14(f), the Executive will be entitled to the payments and benefits described in Section
14(d).

          g. Benefit Plans/Offset. In the event of any termination of the Executive’s
employment, whether by the Executive or the Company and for any reason, participation by the
Executive in all compensation and benefit plans of the Company will cease upon the effective
termination date and all unvested bonuses, equity awards and other like items will immediately
lapse, except as otherwise provided in applicable Company plans or hereunder. In the event of the
Executive’s termination of employment, all amounts owed by the Executive to the Company for any
reasons whatsoever will become immediately due and payable. The Company will have the right, in
its discretion, to collect any or all such amounts by offset against any amounts due to the
Executive from the Company whether or not under this Agreement; provided that such offset complies
with the requirements of Code Section 409A. Notwithstanding the foregoing, any such offset that
would have the effect (directly or indirectly) of accelerating amounts due to the Executive under
this Agreement that are subject to Code Section 409A must meet the following requirements: (i) such
offset must relate to a debt that was incurred in the ordinary course of the service relationship
between the Company and the Executive; (ii) the entire amount of reduction in any of the
Executive’s taxable years may not exceed $5,000; and (iii) the offset must be made at the same time
and in the same amount as the debt otherwise would have been due and collected from the Executive.
In addition, except as specifically provided for herein, the payments provided for in Section 14 of
this Agreement are in lieu of and supercede any severance or termination benefits to which the
Executive might otherwise be entitled, and there will be no duplication of payments or benefits
made under this Agreement and any other agreement with, or plan, policy, or program maintained by,
the Company.

          h. Certain Delays in Payment if the Executive is a Specified Employee.
Notwithstanding anything in this Agreement to the contrary, if the Executive is a “specified
employee” (within the meaning of Treasury Regulation section 1.409A-1(i) and as determined under
the Company’s policy for determining specified employees) on the date of his Separation from
Service and the Executive is entitled to a payment and/or a benefit under this Agreement that is
required to be delayed pursuant to Code Section 409A(a)(2)(B)(i), then such payment or benefit, as
the case may be, shall not be paid or provided for (or begin to be paid or provided for) until the
first business day of the seventh month following the date of the Executive’s Separation from
Service (or, if earlier, the date of the Executive’s death). The first payment that can be made to
the Executive following such postponement period shall include the cumulative amount of any
payments or benefits that could not be paid or provided for during such postponement period due to
the application of Code Section 409A(a)(2)(B)(i).

          i. Conditions to Payment and Benefits. Except as required under applicable law, the
obligation of the Company to make payments (other than Base Salary earned by the Executive prior to
his separation from employment and payment for any earned but unused vacation) and to provide other
benefits to the Executive after his termination of employment under Section 14 is expressly
conditioned on (i) the Executive’s timely execution,

11

 

without revocation, of a release of claims in a form satisfactory to the Company and (ii) the
Executive’s continued full performance of his obligations under Sections 8, 9, 10, 11, 12 and 13 to
the extent that such sections survive the Executive’s termination of employment as provided
thereunder.

     15. Termination and Change in Control Agreement. The Executive and the Company have
entered into an amended and restated Change in Control Agreement, effective December 24, 2008 (the
“Change in Control Agreement”). If an event or a series of related events entitle the Executive to
payments under both this Agreement and the Change in Control Agreement, the Executive will be
entitled to the payments due under the Change in Control Agreement reduced by the amounts (if any)
received under this Agreement before the payments become due under the Change in Control Agreement
and no further payments will be due under this Agreement.

     16. Arbitration of Disputes. Except for disputes and claims arising out of or
relating to Sections 8 through 13, disputes or controversies arising out of or relating to this
Agreement, including the basis on which the Executive is terminated, will be resolved by
arbitration in accordance with the rules of the American Arbitration Association. The award of the
arbitrator will be final, conclusive and non-appealable and judgment upon the award rendered by the
arbitrator may be entered in any court having competent jurisdiction. The arbitrator must be an
arbitrator qualified to serve in accordance with the rules of the American Arbitration Association
and one who is approved by the Company and the Executive. If the Executive and the Company fail to
agree on an arbitrator, each must designate a person qualified to serve as an arbitrator in
accordance with the rules of the American Arbitration Association and these persons will select the
arbitrator from among those persons qualified to serve in accordance with the rules of the American
Arbitration Association. Any arbitration relating to this Agreement will be held in Columbus,
Ohio. The Company will pay (or reimburse the Executive) for arbitration filing fees, but the
Company and the Executive will each bear its/his other fees and expenses incurred in connection
with the arbitration proceedings unless otherwise awarded by the arbitrator[s]. With respect to
any payment or reimbursement by the Company of arbitration filing fees, (a) any such reimbursement
shall be made on or before the last day of the Executive’s taxable year following the taxable year
of the Executive in which the expense was incurred, (b) the amount of the fees eligible for payment
or reimbursement during any taxable year of the Executive may not affect the expenses eligible for
reimbursement or payment in any other taxable year, and (c) the right to payment or reimbursement
of such fees may not be subject to liquidation or exchange for any other benefit.

     17. Representation and Warranty. The Executive represents and warrants to the Company
that no existing covenant, restriction, or other obligation restricts or limits in any way the
Executive’s ability to enter into this Agreement and to perform his duties hereunder.

     18. Notices. Any notices to be given hereunder by either party to the other may be
effected either by personal delivery in writing or by mail, registered or certified, postage
prepaid, with return receipt requested. Mailed notices shall be addressed as follows:

12

 

          a. If to the Company:

Bob Evans Farms, Inc.

3776 S. High Street

Columbus, Ohio 43207

Attn: General Counsel — Legal Department

          b. If to the Executive, to the address on file with the Company.

Either party may change its address for notice by giving notice in accordance with the terms of
this Section 18.

     19. General Provisions.

          a. Law Governing. This Agreement shall be governed by and construed in accordance
with the laws of the State of Ohio.

          b. Invalid Provisions. If any provision of this Agreement is held to be illegal,
invalid, or unenforceable, then such provision shall be fully severable and this Agreement shall be
construed and enforced as if such illegal, invalid, or unenforceable provision had never comprised
a part hereof, and the remaining provisions hereof shall remain in full force and effect and shall
not be affected by the illegal, invalid, or unenforceable provision or by its severance herefrom.
Furthermore, in lieu of such illegal, invalid, or unenforceable provision, there shall be added
automatically as a part of this Agreement a provision as similar in terms to such illegal, invalid,
or unenforceable provision as may be possible and still be legal, valid or enforceable.

          c. Entire Agreement. The Company’s Executive Compensation Recoupment Policy (the
“Recoupment Policy”) shall apply to this Agreement. This Agreement, the Recoupment Policy, the
Change in Control Agreement and any governing award agreements, grant notices, and plan documents
referenced herein together set forth the entire understanding of the parties and supersede all
prior agreements or understandings, whether written or oral, with respect to the subject matter
hereof. No terms, conditions or warranties, other than those contained herein, and no amendments
or modifications hereto shall be binding unless made in writing and signed by the parties hereto.

          d. Binding Effect. This Agreement shall extend to and be binding upon and inure to
the benefit of the parties hereto, their respective heirs, representatives, successors and assigns.
This Agreement may not be assigned by the Executive, but may be assigned by the Company to any
person or entity that succeeds to the ownership or operation of the business in which the Executive
is primarily employed by the Company.

          e. Waiver. The waiver by either party hereto of a breach of any term or provision of
this Agreement shall not operate or be construed as a waiver of a subsequent breach of the same
provision by any party or of the breach of any other term or provision of this Agreement.

13

 

          f. Titles. Titles of the paragraphs herein are used solely for convenience and shall
not be used for interpretation or construing any word, clause, paragraph, or provision of this
Agreement.

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

          h. Taxes. Anything in this Agreement to the contrary notwithstanding, all payments
required to be made hereunder by the Company to the Executive shall be subject to withholding of
such amounts relating to taxes as the Company may reasonably determine that it should withhold
pursuant to any applicable law or regulations. In lieu of withholding such amounts, in whole or in
part, however, the Company may, in its discretion, accept other provision for payment of taxes,
provided that it is satisfied that all requirements of the law affecting its responsibilities to
withhold such taxes have been satisfied.

14

 

     IN WITNESS WHEREOF, the Company and the Executive have executed this Agreement as of the date
and year first above written.

     THIS AGREEMENT CONTAINS AN ARBITRATION CLAUSE.

	 	 	 	 	 	 	 	 	 
	EXECUTIVE:	 	 	 	BOB EVANS FARMS, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	/s/Steven A. Davis
 

Steven A. Davis

	 	 
	 	By:
	 	/s/Michael J. Gasser
 

Michael J. Gasser
	 	 
	 

	 	 	 	 	 	Lead Independent Director	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/Paul S. Williams
 

Paul S. Williams
	 	 
	 

	 	 	 	 	 	Chairman, Compensation Committee	 	 
	 

	 	 	 	 	 	of the Board of Directors	 	 

15

 

APPENDIX A

CEO Long-Term Performance-Based Incentive Award Program — Conditions for the Five-Year Performance Period

Please
refer to Exhibit 10.4 to Bob Evans Farms, Inc.’s Annual Report on Form 10-K for the fiscal
year ended April 24, 2009 (File No. 0-1667)

 

 

APPENDIX B

CEO Long-Term Performance-Based Incentive Award Program — Fiscal Year Performance Share Award Agreement

Please
refer to Exhibit 10.5 to Bob Evans Farms, Inc.’s Annual Report on Form 10-K for the fiscal
year ended April 24, 2009 (File No. 0-1667)

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