Document:

EX-10.36

 Exhibit 10.36 
  

 
 FAMOUS DAVE’S OF AMERICA, INC. 

STOCK OPTION AGREEMENT 
 This
Stock Option Agreement (the “Agreement”) is made and entered into as of February 10, 2014, between Famous Dave’s of America, Inc., a Minnesota corporation (the “Company”), and Edward H. Rensi
(“Executive”). 
 Background 

A. Executive is commencing service or is currently serving as an executive officer of the Company on an interim or permanent basis and the
Company desires to award Executive for his or her services to the Company; 
 B. The Company has adopted the Famous Dave’s of America,
Inc. Amended and Restated 2005 Stock Incentive Plan (the “Plan”) under which shares of common stock of the Company have been reserved for issuance; and 

C. Executive and the Company desire to enter into this Agreement for the granting of stock options. 

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto agree as follows: 

1. Incorporation by Reference. The terms and conditions of the Plan, a copy of which has been delivered to Executive, are hereby
incorporated herein and made a part hereof by reference as if set forth in full. In the event of any conflict or inconsistency between the provisions of this Agreement and those of the Plan, the provisions of the Plan shall govern and control. 

2. Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from
the Plan to Executive the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of Twenty-five Thousand (25,000) shares of common stock, $0.01 par value per share, of the Company (the
“Shares”) at a purchase price per Share equal to $19.95, which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s
procedures for calculating such fair market value). 

 3. Exercise and Vesting of Option. The Option shall be exercisable only to the extent that
all, or any portion thereof, has vested in Executive. The Option shall be vested and exercisable upon the date of grant with respect to 12,500 shares. Except as provided in paragraph 4, the Option shall vest in Executive become exercisable with
respect to the remaining 12,500 shares on the one year anniversary of the date of this Agreement (the “Vesting Date”), as set below: 
  

			
	 No. of Shares To Be

Vested
	 	 Vesting Date

	12,500	 	February 10, 2014
	12,500	 	February 10, 2015

 4. Termination of Relationship with the Company. In the event that Executive shall cease to be either a
member of the Board (for any reason or no reason, and regardless of whether ceasing to be a member of the Board is voluntary or involuntary on the part of Executive) or employed by or engaged as a consultant to the Company prior to the Vesting Date,
that part of the Option scheduled to vest on the Vesting Date shall not vest and all of Executive’s rights to and under such non-vested parts of the Option shall terminate. 

5. Term of Option. Except as otherwise provided in this Agreement, the Option shall be exercisable for five (5) years from the
date of this Agreement; provided, however, that in the event Executive ceases to be either a member of the Board of Directors of the Company (the “Board”) or employed by or engaged as a consultant to the Company (in
either case, for any reason or no reason, and regardless of whether ceasing to be a member of the Board or an employee or consultant is voluntary or involuntary on the part of Executive), Executive or his/her legal representative shall have one
(1) year from the date of such termination, or, if earlier, upon the expiration date of the Option as set forth above, to exercise any part of the Option. Upon the expiration of such one (1) year period, or, if earlier, upon the expiration
date of the Option as set forth above, the Option shall terminate and become null and void. 
 6. Rights of Option Holder. Executive,
as holder of the Option, shall not have any of the rights of a shareholder with respect to the Shares covered by the Option except to the extent that one or more certificates for such Shares shall be delivered to him or her upon the due exercise of
all or any part of the Option (or, if applicable, Shares have been recorded as book entries in the corporate records of the Company). Nothing contained in this Agreement shall be deemed to grant Executive any right to continue to continue as a
member of the Board or in the employ of the Company for any period of time or any right to continue his or her present or any other rate of compensation, nor shall this Agreement be construed as giving Executive, Executive’s beneficiaries or
any other person any equity or interests of any kind in the assets of the Company or creating a trust of any kind or a fiduciary relationship of any kind between the Company and any such person. 

7. Transferability. The Option shall not be transferable except to the extent permitted by the Plan. 

 8. Securities Law Matters. Executive acknowledges that the Shares to be received by him or
her upon exercise of the Option may have not been registered under the Securities Act of 1933 or the Blue Sky laws of any state (collectively, the “Securities Acts”). If such Shares have not been so registered, Executive
acknowledges and understands that the Company is under no obligation to register, under the Securities Acts, the Shares received by him or her or to assist him or her in complying with any exemption from such registration if he or she should at a
later date wish to dispose of the Shares. Executive acknowledges that if not then registered under the Securities Acts, the Shares shall bear a legend restricting the transferability thereof, such legend to be substantially in the following form:

 “The shares represented by this certificate have not been registered or qualified under federal or state securities laws. The shares
may not be offered for sale, sold, pledged or otherwise disposed of unless so registered or qualified, unless an exemption exists or unless such disposition is not subject to the federal or state securities laws, and the Company may require that the
availability or any exemption or the inapplicability of such securities laws be established by an opinion of counsel, which opinion of counsel shall be reasonably satisfactory to the Company.” 

9. Executive Representations. Executive hereby represents and warrants that Executive has reviewed with his or her own tax advisors the
federal, state, and local tax consequences of the transactions contemplated by this Agreement. Executive is relying solely on such advisors and not on any statements or representation of the Company or any of its agents. Executive understands that
he or she will be solely responsible for any tax liability that may result to him or her as a result of the transactions contemplated by this Agreement. The Option, if exercised, will be exercised for investment and not with a view to the sale or
distribution of the Shares to be received upon exercise thereof. 
 10. Notices. All notices and other communications provided in
this Agreement will be in writing and will be deemed to have been duly given when received by the party to whom it is directed at the following addresses: 
  

			
	 If to the Company:
  

Famous Dave’s of America, Inc.

12701 Whitewater Drive, Suite 200

Minnetonka, MN 55343

Attn: Chief Financial Officer
	  	 If to Executive:
  

Edward H. Rensi
 6805 Hobson Valley Road

Suite 106
 Woodridge, IL 60517

  

  

 11. General. 

(a) The Option is granted pursuant to the Plan and is governed by the terms thereof. The Company shall at all times during the term of the
Option reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of this Option Agreement. 
 (b)
This Agreement may be amended only by a written agreement executed by the Company and Executive. 
 (c) This Agreement and the Plan embody
the entire agreement made between the parties hereto with respect to matters covered herein and shall not be modified except in accordance with paragraph 11(b) of this Agreement. 

(d) Nothing herein expressed or implied is intended or shall be construed as conferring upon or giving to any person, firm, or corporation
other than the parties hereto, any rights or benefits under or by reason of this Agreement. 
 (e) Each party hereto agrees to execute such
further documents as may be necessary or desirable to effect the purposes of this Agreement. 
 (f) This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same agreement. 
 (g) This
Agreement, in its interpretation and effect, shall be governed by the laws of the State of Minnesota applicable to contracts executed and to be performed therein. 

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

 

			
	EXECUTIVE:
	
	 /s/ Edward H. Rensi

	Name: Edward H. Rensi
	
	FAMOUS DAVE’S OF AMERICA, INC.
		
	By:	 	 /s/ Dean A. Riesen

	Name:	 	Dean A. Riesen
	Title:	 	ChairmanEX-10.20

 Exhibit 10.20 

PREFORMED LINE PRODUCTS COMPANY 

LONG TERM STOCK INCENTIVE PLAN OF 2008 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (“Agreement”) is dated as of February
            , 2014, (being the “Grant Date” of this restricted stock unit award), between Preformed Line Products Company, an Ohio corporation (“Company”),
and NAME (“Participant”). 
 WHEREAS, the Company maintains the Preformed Line Products Company Long Term Stock Incentive
Plan of 2008 (the “Plan”) for the purpose of (i) motivating key personnel by means of incentive compensation, (ii) furthering the alignment of interests of participants with those of the stockholders of the Company through
ownership and performance of the common stock of the Company, and (iii) permitting the Company to attract and retain key personnel and directors whose judgment is important to the successful conduct of the business of the Company; and 

WHEREAS, pursuant to the terms of the Plan, the Compensation Committee may grant restricted stock unit awards to key personnel of the Company
and its subsidiaries and non-employee directors of the Company; and 
 WHEREAS, pursuant to the terms of the Plan, the Compensation
Committee may grant awards that are not intended to be Qualified Performance-Based Awards, as defined under the Plan, by expressing such intention in this Agreement; and 

WHEREAS, pursuant to the terms of the Plan, the terms, conditions and restrictions of each restricted stock unit award are to be set forth in
an award agreement; and 
 WHEREAS, the Compensation Committee has determined that it is appropriate to grant Participant a restricted stock
unit award (as comprised of two separate mutually exclusive parts, Award I and Award II, as set forth below (the “Restricted Stock Units”)) under the Plan on the terms, conditions and restrictions provided in this Agreement and
Participant accepts such Award. 
 NOW, THEREFORE, the Company and the Participant agree as follows: 

1. Award and Acceptance of Restricted Stock Units. 

As of the Grant Date, the Company grants to the Participant, upon the terms and conditions set forth in this Agreement, X Restricted Stock
Units. The Restricted Stock Units give the Participant the right to receive one (1) Share (as defined in the Plan) in the future for each Restricted Stock Unit, subject to the satisfaction of the vesting requirements set forth in this
Agreement. The Restricted Stock Units are granted in accordance with, and subject to, all the terms, conditions and restrictions of the Plan, which are hereby incorporated by reference in their entirety. The Participant irrevocably agrees to, and
accepts, the terms, conditions and restrictions of the Plan and this Agreement on his own behalf and on behalf of any beneficiaries, heirs, legatees and successors. 

2. Vesting. 
 Until no
longer subject to substantial risk of forfeiture (vested) (the “Vesting Date”) in accordance with the schedule and performance criteria set forth below, the Restricted Stock Units will be forfeited if the Participant voluntarily
terminates his employment with the Company; provided, however, the Compensation Committee of the Board of Directors (the “Committee”), in its sole discretion, may modify the terms of this grant at any time. The period between the
grant date under this Agreement and the Vesting Date shall be referred to as the “Restriction Period.” 

  
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 The Restricted Stock Units shall vest, if at all, in the amounts and on the dates set forth
below: 
 Award I — Time-Based Vesting 
  

			
	 Vesting Date
	  	 Number of Shares Distributable

	December 31, 2016	  	Y

 Award II — Performance and Time-Based Vesting 

 

			
	 Vesting Date
	  	 Maximum Number of Shares Distributable

	December 31, 2016	  	Z

 Subject to the achievement of the performance goals in Pretax Income (Compounded Annually) and Sales Growth
Percentage (Compounded Annually) as detailed below, over 2013 values, Award II shall vest pro-ratedly in a percentage determined under the following chart: 
  

									
	  

GROWTH
  

IN
  

PRETAX
  

INCOME
	  	5%	  	125%	  	150%	  	200%
	  	2%	  	75%	  	100%	  	150%
	  	0%	  	50%	  	75%	  	125%
	  	 	  	0%	  	3%	  	5%
	 	 	 
	 	  	 	  	 SALES
GROWTH
(Compounded Annually)
  

 Following the calculation of vested percentages under the chart described above, all remaining unvested
Restricted Stock Units shall terminate. The Committee has the ability to review the methodology to determine the achievement of the performance measures used in determining the number of performance based shares that vest hereunder. 

3. Dividend Equivalents. 

If on any date prior to the date Shares subject to a vested Restricted Stock Unit are distributed to the Participant (the “Distribution
Date”), the Company shall pay any cash dividend on Shares (with a record date after the grant date hereof), then (i) the Company shall credit to the Participant’s bookkeeping account a number of Restricted Stock Units, and
(ii) the Participant shall be entitled to receive, on the Distribution Date, a number of Shares, equal to: (a) the aggregate number of Restricted Stock Units credited to the Participant as of the related dividend record date, multiplied by
(b) the per Share amount of such cash dividend and divided by (c) the Fair Market Value (as defined in the Plan) of a Share on the dividend record date. Notwithstanding anything in the foregoing to the contrary, no such dividend
equivalents shall be credited or distributable if the Compensation Committee shall determine it necessary to avoid adverse taxation under Section 409A of the Internal Revenue Code (the “Code”). If there is a Corporate
Transaction (as defined in the Plan), such Restricted Stock Units credited to the Participant shall be subject to the substitutions or adjustments in accordance with Section 3(c) of the Plan. 

  
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 4. Recordkeeping. 

The Company shall record the Restricted Stock Units on its books and records. No Shares shall be registered in the name of the Participant
unless and until the Participant has a vested interest on the Distribution Date. 
 5. Accelerated Vesting Upon Change in Control,
Retirement, Death, Disability. 
 Notwithstanding anything to the contrary in this Agreement, the Restricted Stock Units awarded to the
Participant hereunder shall no longer be subject to a substantial risk of forfeiture and shall immediately vest in the Participant upon the occurrence of the following: 
  

	 	(a)	Retirement, Death, Disability. 

 In the event that the Participant ceases to be employed
by the Company or any of its subsidiaries or ceases to be a non-employee director of the Company, in either case due to Retirement (as defined in the Plan), death or Disability (as defined in the Plan) prior to the end of the Restriction Period, a
pro rata number of Restricted Stock Units shall remain eligible for vesting at the end of the Restriction Period, such pro rata number to be measured by the number of days in the period commencing with the date of this grant and ending on the date
of Retirement, death or Disability as compared to the number of days in the period commencing with the date of this grant and ending on the last day of the Restriction Period, with any fractional unit rounded down to the nearest whole number. The
provisions of this Agreement, including those provisions relating to vesting only upon attainment of the Performance Targets at the end of the Restriction Period, shall continue to apply to such pro rata number of units. The balance of Restricted
Stock Units granted pursuant to this Agreement and not subject to pro rata eligibility pursuant to this Section 5 shall be forfeited without compensation or other consideration. 

 

	 	(b)	Change in Control. 

 Upon a Change in Control (as defined in the Plan) of the Company
prior to the end of the Restriction Period, vesting of the Restricted Stock Units subject to this Agreement shall be accelerated in accordance with the provisions of Section 8 of the Plan, assuming the Participant is employed by the Company or
any of its subsidiaries or is a non-employee director of the Company at the time of such Change in Control. 
 Notwithstanding anything in
the foregoing to the contrary, Award II shall only be distributable pursuant to this Section 5 at the conclusion of the Performance Period and achievement of the performance goals. 

Upon a Participant’s Termination of Employment (as defined in the Plan) for reasons other than for Retirement (as defined in the Plan),
death or Disability (as defined in the Plan), the Participant shall forfeit to the Company, without compensation or any other consideration, all Restricted Stock Units that are granted pursuant to this Agreement. 

6. Adjustment of Restricted Stock Units. 

On any change in the number or kind of outstanding common shares of the Company by reason of a recapitalization, merger, consolidation,
reorganization, separation, liquidation, share split, share dividend, combination of shares or any other change in the corporate structure or Common Shares of the Company, the Company, by action of the Committee, is empowered to make such
adjustment, if any, in the number and kind of Restricted Stock Units subject to this Agreement as it considers appropriate for the protection of the Company and of the Participant. 

  
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 7. Tax Provision. 

No later than the date as of which an amount first becomes includible in the gross income of a Participant for federal, state, local or foreign
income or employment or other tax purposes with respect to the Restricted Stock Units, such Participant shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any federal, state, local or foreign taxes
of any kind required by law to be withheld with respect to such amount. Unless otherwise determined by the Company, withholding obligations may be settled with Common Stock, including Common Stock that is part of the Restricted Stock Unit that gives
rise to the withholding requirement, having a Fair Market Value (as defined in the Plan) on the date of withholding equal to the minimum amount (and not any greater amount) required to be withheld for tax purposes, all in accordance with such
procedures as the Committee establishes. The obligations of the Company shall be conditional on such payment or arrangements, and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise
due to such Participant. The Committee may establish such procedures as it deems appropriate, including making irrevocable elections, for the settlement of withholding obligations with Common Stock. 

8. Special Incentive Compensation. 

The Participant agrees that the award of the Restricted Stock Units under the Agreement is special incentive compensation and that it, as well
as any dividend equivalents paid thereon (even if treated as compensation for tax purposes) and any other property received on account of such Restricted Stock Units will not be taken into account as “salary” or “compensation” or
“bonus” in determining the amount of any payment under any pension, retirement or profit-sharing plan of the Company or any life insurance, disability or other benefit plan of the Company. 

9. Compensation Committee Certification. 

Notwithstanding any other provision of this Agreement to the contrary, no portion of a vested Award II shall be paid until the Committee has
certified that the respective Performance Goals as well as any other material terms of the Plan and this Agreement have been satisfied. To the extent that the foregoing requirement is not satisfied, no portion of Award II shall be paid. 

10. Relationship to the Plan. 

This Agreement is subject to the terms of the Plan, which are hereby incorporated into this Agreement in their entirety and any related
administrative policies or procedures adopted by the Company. If there is any inconsistency between this Agreement and the Plan or any such administrative policies or procedures, the Plan and the policies or procedures, in that order, shall govern.

 11. No Effect on Employment Relationship. 

Neither this Agreement, nor the Plan, shall constitute a contract of employment, and shall not confer upon any employee any right to continued
employment or service, nor shall it interfere in any way with the right of the Company or any Subsidiary to terminate the employment of any employee or service of any independent contractor, at any time. 

12. Transferability; Binding Effect. 

The Restricted Stock Units may not be sold, exchanged, transferred, pledged, hypothecated, assigned, disposed of or otherwise encumbered,
whether voluntarily, involuntarily or by operation of law. Any attempted sale, exchange, transfer, pledge, hypothecation, assignment, disposition or encumbrance of such Restricted Stock Units in violation of this Agreement shall be void and of no
effect and the Company shall have the right to disregard the same on its books and records. Further, the rights of the Participant under this Agreement shall not be transferable except, in the event of death, by will or by the laws of descent and
distribution. Subject to the provisions of the Plan, this Agreement shall inure to the benefit of and be binding upon the Participant and the Company and their respective heirs, legal representatives and successors. 

  
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 13. Amendment. 

No amendment, modification, waiver or release of or under this Agreement will be effective unless evidenced by an instrument in writing signed
by each of the Company and the Participant. 
 14. Governing Law. 

The Plan, this Agreement and all awards made and actions taken hereunder shall be governed by and construed in accordance with federal law and
the laws of the State of Ohio, without reference to principles of conflict of laws. The captions herein are not part of the provisions hereof and shall have no force or effect. 

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

 

									
	Preformed Line Products Company	 		 	Participant
			
	  
	 		 	  

	By:	 	 Robert G. Ruhlman
 President & CEO
	 		 	By:	 	
			
	  
	 		 	  

	Date:	 		 		 	Date:	 	

  
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