Document:

Form of Restricted Stock Unit Award

 Exhibit 10.6 

 

					
	 Name:
	  	 	[	—] 
	 Number of Restricted Stock Units:
	  	 	[	—] 
	 Date of Grant:
	  	 	[	—] 

 DUNKIN’ BRANDS GROUP, INC. 

2011 OMNIBUS LONG-TERM INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 

This Restricted Stock Unit Agreement (the “Agreement”), is made, effective as of the
[—]th day of[—], [—] (the “Grant Date”) between Dunkin’ Brands Group, Inc., a
Delaware corporation (the “Company”), and [—] (the “Participant”). 
 1.
Restricted Stock Unit Award. The Participant is hereby awarded, pursuant to the Dunkin’ Brands Group, Inc. 2011 Omnibus Long-Term Incentive Plan (as amended from time to time, the “Plan”), and subject to its terms, a Restricted
Stock Unit award (the “Award”) giving the Participant the conditional right to receive, without payment but subject to the conditions and limitations set forth in this Agreement and in the Plan,
[—] shares of common stock of the Company, par value $0.001 per share (the “Shares”), subject to adjustment pursuant to Section 7 of the Plan in respect of transactions occurring after the
date hereof. 
 2. Vesting. During the Participant’s Employment, the Award, unless earlier terminated, will fully vest on the
earlier of (i) the first anniversary of the Grant Date and (ii) a Change of Control, with respect to each of clause (i) and (ii), subject to the Participant remaining in continuous Employment on the applicable vesting date. If the Grantee’s
Employment ceases for any reason, including death, the Award, to the extent not already vested will be automatically and immediately forfeited. 

3. Delivery of Shares. The Company shall, as soon as practicable upon the vesting of any portion of the Award (but in no event later than March 15
of the year following such vesting) effect delivery of the Shares with respect to such vested portion to the Participant (or, in the event of the Participant’s death, to the Beneficiary). No Shares will be issued pursuant to this Award unless
and until all legal requirements applicable to the issuance or transfer of such Shares have been complied with to the satisfaction of the Administrator. 
 4. Dividends; Other Rights. The Award shall not be interpreted to bestow upon the Participant any equity interest or ownership in the Company or any Affiliate prior to the date on which the Company
delivers Shares to the Participant. The Participant is not entitled to vote any Shares by reason of the granting of this Award or to receive or be credited with any dividends declared and payable on any Share prior to the date on which such Shares
are delivered to the Participant hereunder. The Participant shall have the rights of a shareholder only as to those Shares, if any, that are actually delivered under this Award. 

 5. Recovery of Compensation. 
 (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the
Plan. 
 (b) The Award is subject to Section 6(a)(5) of the Plan. The Shares acquired hereunder are subject to forfeiture,
termination and rescission, and the Participant will be obligated to return to the Company the value received with respect to the Shares (including any gain realized on a subsequent sale or disposition of Shares) (i) in accordance with Company
policy relating to the recovery of erroneously-paid incentive compensation, as such policy may be amended and in effect from time to time, or (ii) as otherwise required by law or applicable stock exchange listing standards, including, without
limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act. 
 6. Certain Tax Matters. 

(a) The Participant shall be responsible for satisfying and paying all taxes arising from or due in connection with the Award or the
delivery of Shares under the Award. The Company shall have no liability or obligation related to the foregoing. 
 (b) The
Participant expressly acknowledges that because this Award consists of an unfunded and unsecured promise by the Company to deliver Shares in the future, subject to the terms hereof, it is not possible to make a so-called “83(b) election”
with respect to the Award. 
 7. Nontransferability. The Award may not be transferred except as expressly permitted under Section 6(a)(3)
of the Plan. 
 8. Effect on Employment or Service Rights. Neither the grant of this Award, nor the delivery of Shares under this Award
in accordance with the terms of this Agreement, shall give the Participant any right to be retained in the service of the Company or its Affiliates, affect the right of the Company or its Affiliates to discharge or discipline such Participant at any
time, or affect any right of such Participant to terminate his or her Employment at any time. 
 9. Amendments. No amendment of any
provision of this Agreement shall be valid unless the same shall be in writing. 
 10. Governing Law. This Agreement and all claims or
disputes arising out of or based upon this Agreement or relating to the subject matter hereof will be governed by and construed in accordance with the domestic substantive laws of the State of Delaware without giving effect to any choice or conflict
of laws provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. 
 11.
Definitions. Initially capitalized terms not otherwise defined herein shall have the meaning provided in the Plan, and, as used herein, the following terms shall have the meanings set forth below: 

  
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 “Affiliate” shall mean, with respect to any Person, any other Person directly or
indirectly controlling, controlled by or under common control with such Person. 
 “Beneficiary” means, in the event
of the Participant’s death, the beneficiary named in the written designation (in form acceptable to the Administrator) most recently filed with the Administrator by the Participant prior to the Participant’s death and not subsequently
revoked, or, if there is no such designated beneficiary, the executor or administrator of the Participant’s estate. An effective beneficiary designation will be treated as having been revoked only upon receipt by the Administrator, prior to the
Participant’s death, of an instrument of revocation in form acceptable to the Administrator. 
 “Change of
Control” shall mean the occurrence of (a) any consolidation or merger of the Company with or into any other corporation or other Person, or any other corporate reorganization or transaction (including the acquisition of capital stock of the
Company), whether or not the Company is a party thereto, in which the Investor Group owns capital stock either (i) representing directly, or indirectly through one or more entities, less than fifty percent (50%) of the economic interests in or
voting power of the Company or other surviving entity immediately after such consolidation, merger, reorganization or transaction or (ii) that does not directly, or indirectly through one or more entities, have the power to elect a majority of the
entire board of directors of the Company or other surviving entity immediately after such consolidation, merger, reorganization or transaction; or (b) any stock sale or other transaction or series of related transactions, whether or not the Company
is a party thereto, after giving effect to which in excess of fifty percent (50%) of the Company’s voting power is owned directly, or indirectly through one or more entities, by any Person and its “affiliates” or
“associates” (as such terms are defined in the rules adopted by the Commission under the Exchange Act), other than the Investor Group and their respective Affiliated Funds, excluding, in any case referred to in clause (a) or (b) the
underwritten initial public offering registered on Form S-1 of shares of common stock of the Company (the “Initial Public Offering”) or any bona fide primary or secondary public offering following the occurrence of the Initial Public
Offering. 
 The terms “Affiliated Funds”, “Commission” and “Exchange Act” shall have the meaning
set forth in the Amended and Restated Stockholders Agreement by and among Dunkin’ Brands Group, Inc. and Certain Stockholders of Dunkin’ Brands Group, Inc., dated as of July 26, 2011 (the “Stockholders Agreement”), a copy of
which has been made available to the Participant. 
 “Investor Group” shall mean collectively the Bain Investors, the
Carlyle Investors and the THL Investors, each as constituted on the date of the Initial Public Offering, together with their Permitted Transferees. 
 The terms “Bain Investors”, “Carlyle Investors”, “THL Investors” and “Permitted Transferees” shall have the meanings set forth in the Stockholders Agreement.

 “Person” shall mean any individual, partnership, corporation, association, trust, joint venture, unincorporated
organization or other entity. 

  
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 14. General. For purposes of this Award and any determinations to be made by the Administrator
hereunder, the determinations by the Administrator shall be binding upon the Participant and any transferee. 
 [REMAINDER OF
PAGE INTENTIONALLY LEFT BLANK] 

  
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 By acceptance of the Award, the undersigned agrees to be subject to the terms of the
Plan. The Participant further acknowledges and agrees that (i) the signature to this Agreement on behalf of the Company is an electronic signature that will be treated as an original signature for all purposes hereunder and (ii) such electronic
signature will be binding against the Company and will create a legally binding agreement when this Agreement is countersigned by the Participant. 
 Executed as of the      day of [—], [—]. 

 

					
	Company:	 	DUNKIN’ BRANDS GROUP, INC.
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
			
	Participant:	 		 	
		 	  

Name:

		
		 	Address:

 [Signature Page to Restricted Stock Unit Agreement]Offer Letter

 Exhibit 10.18 

 
 

 
 Offer of Employment 
 May 1, 2011 
 Neal Yanofsky 
 55 Hartwell Road 
 Carlisle, MA 01741 
 Dear Neal, 
 On behalf of Dunkin’ Brands, Inc. (the “Company”), I am pleased to
offer you employment on the terms set forth below. 
 This offer of employment is contingent upon the satisfactory completion of:

  

	 	•	 	 a background screening, 

  

	 	•	 	 reference checks regarding your past employment, 

 

	 	•	 	 satisfactory completion of all legal documents including non-competition and intellectual property protection documents, and

  

	 	•	 	 documented release from all binding non-competition agreements (Dunkin’ Brands, Inc. reserves the right to verify status of agreements and
releases). 

 Position 
 You will serve in a full-time capacity as President, International - Dunkin’ Brands, Inc. reporting directly to Nigel Travis, Chief Executive Officer. 

Start Date 
 Your anticipated start date
is May 2, 2011. 
 Cash Compensation 
 Base Salary 
 You will be paid a bi-weekly salary of $19,230.77, which is equivalent to
$500,000.00 on an annual basis, payable in accordance with Dunkin’ Brands’ standard payroll practices for salaried employees. 
 Your
base salary will be reviewed annually in the first quarter of each calendar year based on market competitiveness and performance and may be adjusted at that time. You will be eligible to be considered for an increase in 2012. 

Short-Term Incentive 
 In addition to
your base salary, you will be eligible to participate in the Dunkin’ Brands’ Short-Term Incentive (STI) Plan (or such other annual bonus plan established by the Company for its executive employees) with a target of 50% of your annual
salary. The actual amount of your Short-Term Incentive will be paid on a the basis of Dunkin’ Brands’ overall performance, your individual job performance, your ability to meet established goals and objectives, and the terms of the plan as
they exist at any given time. A participation letter as well as a plan document, which explains the program in detail, will be provided to you at a later date. Your 2011 STI award will not be prorated on the basis of time employed in 2011, and will
be calculated using your annualized salary as of December 31, 2011. 

  

					
	 

	  	 130 Royall Street Canton, MA 02021
	    	 p 781-737-3000 f 781-737-4000

	  	    

 

 
  

 Other Compensation 
 Long-Term Incentive 
 Subject to the receipt of the approval by the Compensation Committee
of the Board of Directors (the “Board”) of Dunkin’ Brands Group, Inc. (“Dunkin”) and any other necessary approvals, as soon as practicable following the initial public offering of Dunkin, you will be granted an award of
300,000 restricted shares of Dunkin common stock and an option to purchase 700,000 shares of Dunkin common stock (subject to adjustment in the case of any stock splits or other changes in Dunkin’s capital structure occurring after the date
hereof), subject to your remaining continuously employed by Dunkin through such grant date. The restricted share award and the stock option award shall be subject to the terms of the applicable Dunkin incentive compensation plan, the award
agreements evidencing such grant of restricted shares and stock options all other agreements referenced in such plan and award agreements. 

Special Signing Bonus 
 Subject to the
receipt of approval by the Compensation Committee of the Board of Directors, you will receive a special signing bonus of $400,000.00 payable in the following increments: Assuming you remain employed by the Company on the date of payment, you will
earn and receive $40,000.00 of this bonus on or about June 30, 2011. Assuming you remain continuously employed by the Company on the dates of payment, you will earn and receive an additional payment of $40,000.00 on or about the end of each of the
next nine calendar quarters, with the last payment scheduled on or about September 30, 2013. 
 In the event that you voluntarily terminate your
employment with the Company prior to May 2, 2014, you hereby agree to repay any amounts paid to you under this Special Signing Bonus by the thirtieth day following the termination of your employment. 

Benefits 
 Dunkin’ Brands offers an
attractive benefits program. Upon election, medical and dental coverage is effective the first of the month following your start date. Most company-paid benefits are effective upon hire. Employee elected benefit contributions are handled via payroll
deduction. 
 Insurance 
 You
will be eligible for medical, dental and disability coverage and various life insurance programs. Details are attached. 
 Retirement

 Dunkin’ Brands will provide you with the opportunity to participate in the Company’s 401(k) plan for retirement savings. Details are
attached. 
 Deferred Compensation 
 You will be eligible to participate in the Dunkin’ Brands, Inc. Non-Qualified Deferred Compensation Plan. The plan provides an opportunity for pre-tax savings to assist you in accumulating assets for
planned events during your working life and retirement. Details are available upon request. 
 Vacation 

You will begin eligible to accrue vacation at a rate of 4 weeks per year as of your first day of employment with the company. 

  

					
	 

	  	 130 Royall Street Canton, MA 02021
	    	 p 781-737-3000 f 781-737-4000

	  	    

 

 
  

 Proof of Right to Work 
 For purposes of federal immigration law, you will be required to provide to Dunkin’ Brands documentary evidence of your identity and eligibility for employment in the United States within (3)
business days of your date of hire. 
 Period of Employment 
 Your employment with Dunkin’ Brands will be “at will”, meaning that this offer of employment does not constitute a contract of employment. If employed, you may elect to resign at any time
and Dunkin’ Brands may elect to terminate your employment at any time for any reason. 
 Severance 

In the event of your separation from service by Dunkin’ Brands as a result of a termination by the Company other than for “cause”, you will
be eligible for severance equal to 12 months of your then-current base compensation, subject to the terms and conditions of the Executive Separation Pay Plan. Severance is payable in the same manner and at the same time as Dunkin’ Brands’
regular payroll, conditioned on the return of a full release of claims by you, as more fully described in the Executive Separation Pay Plan. “Cause” means fraud; material neglect (other than as a result of illness or disability) of your
duties to Dunkin’ Brands or its affiliates; conduct that is not in the best interest of, or injurious to, Dunkin Brands or its affiliates; acts of dishonesty in connection with the performance of your duties; or conviction of a felony or crime
involving falsehood or moral turpitude. Without our receipt of the full release of claims, you will not be entitled to the aforementioned severance. 
 Code of Conduct 
 Before you make your decision regarding this position, you should
carefully review the attached Code of Conduct that you will be required to adhere to once employed by Dunkin’ Brands. As set forth in the conflict of interest section, you will be expected to devote your full-time and attention to Dunkin’
Brands and not be actively involved in any other business. 
 While you are employed by Dunkin’ Brands, the Company will not utilize the
services of any business in which you have held an ownership interest. Further, you will have to recuse yourself from any hiring decision involving an employee or former employee of a business in which you have held an ownership interest.

 Entire Agreement 
 This offer
of employment contains all of the terms of your employment with Dunkin’ Brands, Inc. and supersedes any prior understandings or agreements, whether oral or written, between you and Dunkin’ Brands. 

Term 
 This offer will expire at 11:59 PM
on May 1, 2011. 

  

					
		  		    	
	

	  	130 Royall Street Canton, MA 02021	    	p 781-737-3000 f 781-737-4000

 

 
  

 We hope that you find the foregoing terms acceptable. You may indicate your agreement with these terms
and accept this offer by signing and dating the enclosed letter and returning it to me. 
 We look forward to your decision to join Dunkin’
Brands. 
 Sincerely, 
 Christine
Deputy 
 Senior Vice President, Human Resources 
 Dunkin’ Brands, Inc. 
 I ACCEPT THE ABOVE OFFER OF EMPLOYMENT 

 

					
	 

	  	 5/1/11
	  	
		  	Date	  	

  

	cc:	Nigel Travis 

 Personnel File

  

					
	 

	  		    	
	  	130 Royall Street Canton, MA 02021	    	p 781-737-3000 f 781-737-4000

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