Document:

EX-10.4

Exhibit 10.4

BOB EVANS FARMS, INC.

AMENDED AND RESTATED 2006 EQUITY AND CASH INCENTIVE PLAN

CEO LONG-TERM PERFORMANCE-BASED INCENTIVE AWARD PROGRAM

(Terms and Conditions for the Five-Year Performance Period from

Fiscal Year 2010 through Fiscal Year 2014)

In accordance with Section 5(a)(iv) of the Amended and Restated Employment Agreement by and between
Bob Evans Farms, Inc. (the “Company”, “we”, “our” or “us”) and you, you will be participating in a
Long-Term Performance-Based Incentive Award Program (the “Program”). The vesting of Shares awarded
under the Program is subject to the achievement of Performance Objectives and other terms and
conditions provided in this Agreement (this “Agreement,” which is also referred to as the
“Five-Year Performance Agreement” in the Award Agreement, defined below in Section 1(a)). Your
participation is also subject to the terms and conditions described in the Bob Evans Farms, Inc.
Amended and Restated 2006 Equity and Cash Incentive Plan (the “Plan”).

To ensure you fully understand the terms and conditions associated with your right to receive
Shares under this Agreement, you should carefully read the Plan, the Amended and Restated
Employment Agreement, effective May 1, 2009, and this Agreement. Capitalized terms that are not
defined in this Agreement have the same meanings as in the Plan.

You should return a signed copy of this Agreement to:

          Senior Vice President — Human Resources

          Bob Evans Farms, Inc.

          3776 S. High St.

          Columbus, Ohio 43207

1. Conditional Performance Shares

(a) Number of Conditional Performance Shares: Each fiscal year during the “Five-Year Performance
Period” beginning with fiscal year 2010 through fiscal year 2014, the Committee will grant to you
an award of Performance Shares, pursuant to an agreement substantially in the form attached to this
Agreement as Appendix A (the “Award Agreement”). If you attain the fiscal year performance
objectives that the Committee approves for that fiscal year, as reflected in the terms of the Award
Agreement, the Performance Shares granted under each Award Agreement will be credited to a
book-entry account in your name. The “Pool” will be the total number of Performance Shares
credited to that book-entry account at the end of the Five-Year Performance Period. Once your
Performance Shares are added to the Pool, such shares will become “Conditional Performance Shares.”
Any Conditional Performance Shares distributed to you at the end of the Five-Year Performance
Period will depend upon your fulfilling the Vesting Conditions, as provided in paragraph (b)
below, and the Committee’s exercise of its discretion of its authority to determine the final
number of Conditional Performance Shares that will be distributed to you, as provided in paragraph
(c) below.

(b) Vesting Conditions: The vesting of your Conditional Performance Shares is subject to the
following “Vesting Conditions”:

     (i) Employment Conditions: This Agreement will terminate and you will forfeit any interest in
the Program, in the event that (i) your employment with us terminates for any reason prior to the
end of the Five-Year Performance Period or (ii) you are not our Chief Executive Officer at the end
of the Five-Year Performance Period. Your interest in the Program consists of any Conditional
Performance Shares credited to the Pool under this Agreement or any Award Agreement.

     (ii) “Performance Objectives”: In order to receive any of the Conditional Performance Shares,
the total stockholder return (“TSR”) over the Five-Year Performance Period of the Company relative
to our Peer Group must be ranked at the 50th percentile or greater. “Peer Group” means the group
of companies selected by the Committee within ninety (90) days from the beginning of the Five-Year

1

 

Performance Period and attached as Appendix B. The TSR over the Five-Year Performance
Period will be the average annual TSR of the Company and of each of the companies in the Peer Group
during the Five-Year Performance Period. The annual TSR for both the Company and each of the
companies in the Peer Group will be calculated beginning on the first day of the Company’s fiscal
year and ending of the last day of the Company’s fiscal year beginning on the Company’s fiscal year
2010 and each subsequent fiscal year through 2014. The TSR calculation will represent the daily
rate of return reflecting daily price change plus reinvestment of daily dividends and the
compounding effect of dividends paid on reinvested dividends. A detailed explanation of the TSR
calculation and an example is attached to this Agreement as Appendix C. The Peer Group
may, but does not have to, be the same peer group established under any Award Agreement. Only
those companies in the Peer Group remaining as a publicly-traded company as of the end of our 2014
fiscal year will be included in the Peer Group used to determine the Company’s TSR ranking under
this paragraph (b)(ii).

The TSR will be calculated to the tenth decimal place and will not be rounded to the nearest whole
number for purposes of determining whether the Performance Objectives under this paragraph (b)(ii)
have been met.

A set of examples of the number of Conditional Performance Shares that may be distributed to you
under the Program, prior to the Committee’s discretion to adjust the number of Conditional
Performance Shares that may be ultimately distributed to you as provided in paragraph (c) below, is
attached as Appendix D.

(c) Committee Discretion: In exercising its discretion to determine the final number of
Conditional Performance Shares that will be distributed to you under this Agreement, the Committee
may take into consideration the following performance metrics over the Five-Year Performance
Period: the Company’s absolute net income growth, actual average TSR and total return for
stockholders, your performance versus the Company’s strategic goals, the value of your outstanding
equity grants, your compensation as compared to the compensation of the equivalent officers at your
level in the market, any extraordinary circumstances that affect the Company’s performance, and/or
any other criteria that the Committee, in its sole discretion, deems appropriate. The Committee
may not increase the final distribution of Conditional Performance Shares beyond the total number
of Conditional Performance Shares credited to the Pool during the Five-Year Performance Period.
The Committee will certify whether the Performance Objectives and other material terms and
conditions of this Agreement have been met under Code section 162(m)(4)(C)(iii) and will also
certify the number of Conditional Performance Shares that have vested and that will be distributed
to you. The Committee will use its best efforts to certify the number of Conditional Performance
Shares that will be distributed to you and make the aforementioned certifications by the end of
June 2014.

2. Transfer Restrictions: You may not sell, transfer, pledge, assign, alienate or hypothecate the
Conditional Performance Shares credited to the Pool, except by will or the laws of descent and
distribution. Any Conditional Performance Shares credited to the Pool will be held in a book-entry
account in your name. Any Conditional Performance Shares that the Committee certifies have vested
pursuant to Section 1(c) of this Agreement will be settled as unrestricted Shares within thirty
(30) days of such certification.

3. Other Rules Affecting Your Conditional Performance Shares:

     (a) Rights During the Restriction Period: You may not vote or receive any dividends
associated with Conditional Performance Shares credited to the Pool until they are settled as
provided in Section 2 of this Agreement.

     (b) Beneficiary Designation: You may name a beneficiary or beneficiaries to receive any
Conditional Performance Shares that the Committee certifies will be distributed to you, but that
have not been settled at the time of your death, by completing the Beneficiary Designation Form
attached to this Agreement as Appendix E. It should be noted that if you die prior to the
end of the Five-Year Performance Period, no Shares will be distributed to your beneficiary or
beneficiaries under this Agreement and the Program. If you wish to change your beneficiary, you
may complete a new Beneficiary Designation Form attached as Appendix E. The Beneficiary
Designation Form does not need to be completed now and is not required to be completed as a
condition of vesting or distribution of your Conditional Performance Shares. However, if you die
without completing a Beneficiary Designation Form or if you do not complete the

2

 

form correctly, your beneficiary will be your surviving spouse or, if you do not have a surviving
spouse, your estate.

     (c) Tax Withholding:

          (i) You may be required to pay to us and we will have the right and are hereby authorized to
withhold from any issuance or transfer due under this Agreement, or under the Plan or from any
compensation or other amount owing to you, applicable withholding taxes with respect to any Shares
distributed pursuant to this Agreement or the Plan and to take such action as may be necessary in
our opinion to satisfy all obligations for the payment of such taxes. Where practicable, we will
provide advance notice of your withholding obligations.

          (ii) Without limiting the generality of paragraph (c)(i) above, you may satisfy your
withholding liability: (A) by having us withhold from the number of Shares that otherwise would be
issued to you when your Conditional Performance Shares are settled, a number of Shares with a Fair
Market Value equal to the statutory minimum withholding liability; or (B) through the delivery or
attestation of a number of Shares owned by you for at least six (6) months before the Conditional
Performance Shares are settled (or such other period established by generally accepted accounting
principles) and that have a Fair Market Value equal to the statutory minimum withholding liability.

     (d) Governing Law: This Agreement will be construed in accordance with and governed by the
laws (other than laws governing conflicts of laws) of the State of Ohio, except to the extent that
the corporate laws of the state in which we are incorporated are mandatorily applicable.

     (e) Other Agreements: Your Conditional Performance Shares will be subject to the terms of any
other written agreements between you and us to the extent that those other agreements do not
directly conflict with the terms of the Plan or this Agreement.

     (f) Recoupment: This Agreement, and any Shares you may receive under this Agreement, is
subject to the Company’s Executive Compensation Recoupment Policy, adopted by the Company on
February 17, 2009, as it may be amended from time to time (the “Policy”) and the Executive
Recoupment Policy Acknowledgement and Agreement that you signed in accordance with the Policy.

     (g) Adjustments to Your Conditional Performance Shares: If there is a Share dividend, Share
split, recapitalization (including payment of an extraordinary dividend), merger, consolidation,
combination, spin-off, distribution of assets to stockholders, exchange of Shares or other similar
corporate change affecting Shares, the Committee shall appropriately adjust the number of
Conditional Performance Shares and any other factors, limits or terms affecting your Conditional
Performance Shares. Any decision the Committee makes as to the appropriate adjustments to be made
to your Conditional Performance Shares will be binding on you.

     (h) Other Terms and Conditions: Your Conditional Performance Shares are subject to the terms
and conditions described in this Agreement and the Plan, which is incorporated by reference into
and made a part of this Agreement. You should read the Plan carefully to ensure you fully
understand all the terms and conditions of your Conditional Performance Shares. In the event of a
conflict between the terms of the Plan and the terms of this Agreement, the terms of the Plan will
govern. The Committee has the sole responsibility of interpreting the Plan and this Agreement, and
its determination of the meaning of any provision in the Plan or this Agreement shall be binding on
you.

     (i) Signature in Counterparts: This Agreement may be signed in counterparts, each of which
will be deemed an original, but all of which will constitute one and the same instrument.

*    *    *    *    *

3

 

Your Acknowledgment

By signing below as the “Participant,” you acknowledge and agree that:

  •   A copy of the Plan and prospectus have been made available to you; and

  •   You understand and accept the terms and conditions placed on your Conditional Performance
Shares.

PARTICIPANT

	 	 	 	 	 	 	 	 	 	 	 
	/s/ Steven A. Davis 	 	 	 	Date:	 	6/18/09	 	 
	 	 	 	 	 	 	 	 	 
	Steven A. Davis	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	BOB EVANS FARMS, INC.	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Michael J. Gasser	 	 	 	Date:	 	6/18/09	 	 
	 

	 	 

Michael J. Gasser
	 	 	 	 	 	 

	 	 
	 

	 	Lead Independent Director	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Paul Williams	 	 	 	Date:	 	6/18/09	 	 
	 

	 	 

Paul Williams
	 	 	 	 	 	 

	 	 
	 	 	Chairman, Compensation Committee of the Board of Directors	 	 

4

 

APPENDIX A

AWARD AGREEMENT

Please see
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)

A-1

 

APPENDIX B

PEER GROUP

BJ’s Restaurants Inc

Brinker International Inc.

Buffalo Wild Wings Inc

California Pizza Kitchen Inc

Carrols Restaurant Group Inc

CBRL Group Inc.

Cheesecake Factory Inc. (The)

CKE Restaurants Inc.

Darden Restaurants Inc.

Del Monte Foods Co

Dennys Corp

DineEquity Inc

Domino’s Pizza Inc

Famous Dave’s of America Inc

Frisch’s Restaurants Inc.

Hain Celestial Group Inc (The)

J.M. Smucker Co (The)

Lance Inc

Landry’s Restaurants Inc.

McCormick & Company Inc

McDonald’s Corp

O’Charley’s Inc

P.F. Changs China Bistro Inc

Panera Bread Co

Papa John’s International Inc

Red Robin Gourmet Burgers Inc

Ruby Tuesday Inc

Sanderson Farms Inc

Steak n Shake Co (The)

Triarc Cos Inc.

YUM! Brands Inc.

B-1

 

APPENDIX C

TSR CALCULATION AND EXAMPLE

TSR CALCULATION

The TSR calculated for Bob Evans and each of the companies in the Peer Group will be the average of
the five annual returns over the five-year performance period. The TSR calculation representing
the daily rate of return will be based on the following assumptions:

  - Will reflect daily price change

  - Will reflect the reinvestment of daily dividends and the compounding effect of dividends
paid on reinvested dividends

  - Will use ex-date dividends per share

  - Will use the closing stock price on the date of the dividend is paid to calculate the
dividend yield

To ensure consistent comparisons, each annual TSR will be measured for Bob Evans for its fiscal
year and for each of the Peer Group companies over the same time period.

TSR will be calculated for each year of the five-year performance period, with the average annual
TSR calculated at the end of the five-year performance period to determine Bob Evans’ percentile
rank. Neither Bob Evans’ average annual TSR, nor percentile rank, will be rounded up to achieve
the 50th percentile requirement.

C-1

 

TSR CALCULATION EXAMPLE

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Annual Total Shareholder Return*	 	5-Year	 	 
	 	 	2004	 	2005	 	2006	 	2007	 	2008	 	Average	 	 
	Dennys Corp
	 	 	333.3	 	 	 	55.8	 	 	 	21.7	 	 	 	-4.9	 	 	 	-32.8	 	 	 	74.6	 	 	 
	Sanderson Farms Inc
	 	 	202.9	 	 	 	-0.3	 	 	 	-25.8	 	 	 	51.5	 	 	 	6.9	 	 	 	47.0	 	 	 
	Lance Inc
	 	 	115.4	 	 	 	13.4	 	 	 	60.2	 	 	 	-10.6	 	 	 	-2.4	 	 	 	35.2	 	 	 
	McDonald’s Corp
	 	 	61.7	 	 	 	9.6	 	 	 	20.3	 	 	 	43.0	 	 	 	27.4	 	 	 	32.4	 	 	 
	Famous Dave’s of America Inc
	 	 	94.8	 	 	 	38.6	 	 	 	34.3	 	 	 	30.5	 	 	 	-52.7	 	 	 	29.1	 	 	 
	YUM! Brands Inc.
	 	 	57.0	 	 	 	22.2	 	 	 	11.0	 	 	 	21.3	 	 	 	33.7	 	 	 	29.1	 	 	 
	Red Robin Gourmet Burgers Inc
	 	 	88.0	 	 	 	68.6	 	 	 	-7.2	 	 	 	-11.9	 	 	 	3.7	 	 	 	28.2	 	 	 
	CKE Restaurants Inc.
	 	 	92.0	 	 	 	41.3	 	 	 	7.9	 	 	 	29.5	 	 	 	-47.6	 	 	 	24.6	 	 	 
	Papa John’s International Inc
	 	 	40.7	 	 	 	2.5	 	 	 	95.0	 	 	 	-8.1	 	 	 	-12.1	 	 	 	23.6	 	 	 
	Buffalo Wild Wings Inc
	 	@NA	 	 	-8.3	 	 	 	41.9	 	 	 	51.2	 	 	 	-5.8	 	 	 	19.8	 	 	 
	Darden Restaurants Inc.
	 	 	29.9	 	 	 	32.8	 	 	 	33.5	 	 	 	5.9	 	 	 	-12.5	 	 	 	17.9	 	 	 
	DineEquity Inc
	 	 	45.2	 	 	 	12.9	 	 	 	19.7	 	 	 	25.3	 	 	 	-19.4	 	 	 	16.7	 	 	 
	BJ’s Restaurants Inc
	 	 	54.1	 	 	 	33.6	 	 	 	49.2	 	 	 	-21.8	 	 	 	-32.3	 	 	 	16.6	 	 	 
	Domino’s Pizza Inc
	 	@NA	 	@NA	 	 	47.5	 	 	 	24.2	 	 	 	-30.5	 	 	 	13.7	 	 	 
	Frisch’s Restaurants Inc.
	 	 	57.4	 	 	 	-14.6	 	 	 	2.0	 	 	 	52.8	 	 	 	-30.0	 	 	 	13.5	 	 	 
	J.M. Smucker Co (The)
	 	 	47.3	 	 	 	-3.1	 	 	 	-19.0	 	 	 	45.6	 	 	 	-8.6	 	 	 	12.4	 	 	 
	Panera Bread Co
	 	 	20.2	 	 	 	22.4	 	 	 	48.3	 	 	 	-24.9	 	 	 	-6.2	 	 	 	12.0	 	 	 
	McCormick & Company Inc
	 	 	40.2	 	 	 	3.0	 	 	 	2.8	 	 	 	8.8	 	 	 	4.2	 	 	 	11.8	 	 	 
	Hain Celestial Group Inc (The)
	 	 	13.9	 	 	 	-9.9	 	 	 	51.5	 	 	 	11.6	 	 	 	-17.8	 	 	 	9.9	 	← Bob Evans	 
	Landry’s Restaurants Inc.
	 	 	79.9	 	 	 	-21.8	 	 	 	37.3	 	 	 	-15.7	 	 	 	-45.7	 	 	 	6.8	 	 	 
	Triarc Cos Inc.
	 	 	28.5	 	 	 	28.6	 	 	 	28.8	 	 	 	5.5	 	 	 	-58.9	 	 	 	6.5	 	 	 
	California Pizza Kitchen Inc
	 	 	3.7	 	 	 	9.0	 	 	 	38.6	 	 	 	5.7	 	 	 	-30.0	 	 	 	5.4	 	 	 
	Del Monte Foods Co
	 	 	39.1	 	 	 	-5.7	 	 	 	12.6	 	 	 	0.9	 	 	 	-21.0	 	 	 	5.2	 	 	 
	CBRL Group Inc.
	 	 	18.8	 	 	 	3.9	 	 	 	7.0	 	 	 	11.0	 	 	 	-15.6	 	 	 	5.0	 	 	 
	Brinker International Inc.
	 	 	21.1	 	 	 	-12.1	 	 	 	16.4	 	 	 	20.3	 	 	 	-25.7	 	 	 	4.0	 	 	 
	Cheesecake Factory Inc. (The)
	 	 	33.9	 	 	 	8.8	 	 	 	2.8	 	 	 	-12.5	 	 	 	-18.0	 	 	 	3.0	 	 	 
	Steak n Shake Co (The)
	 	 	62.9	 	 	 	-4.1	 	 	 	5.7	 	 	 	-15.4	 	 	 	-51.0	 	 	 	-0.4	 	 	 
	Ruby Tuesday Inc
	 	 	52.2	 	 	 	-24.7	 	 	 	32.5	 	 	 	-8.3	 	 	 	-67.8	 	 	 	-3.2	 	 	 
	P.F. Changs China Bistro Inc
	 	 	16.0	 	 	 	14.2	 	 	 	-23.3	 	 	 	-10.2	 	 	 	-18.9	 	 	 	-4.4	 	 	 
	O’Charley’s Inc
	 	 	-6.6	 	 	 	5.6	 	 	 	-15.0	 	 	 	24.5	 	 	 	-44.2	 	 	 	-7.1	 	 	 
	Carrols Restaurant Group Inc
	 	@NA	 	@NA	 	@NA	 	@NA	 	 	-46.4	 	 	 	-46.4	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	75th Percentile
	 	 	67.2	 	 	 	22.4	 	 	 	38.3	 	 	 	25.1	 	 	 	-7.4	 	 	 	24.1	 	 	 
	50th Percentile
	 	 	46.3	 	 	 	8.8	 	 	 	20.0	 	 	 	7.3	 	 	 	-19.4	 	 	 	12.4	 	 	 
	40th Percentile
	 	 	40.0	 	 	 	3.2	 	 	 	12.0	 	 	 	3.7	 	 	 	-30.0	 	 	 	9.9	 	 	 
	25th Percentile
	 	 	26.7	 	 	 	-4.1	 	 	 	3.6	 	 	 	-9.7	 	 	 	-38.5	 	 	 	5.1	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Bob Evans Farms Inc.
	 	 	23.1	 	 	 	-32.3	 	 	 	44.3	 	 	 	29.3	 	 	 	-22.2	 	 	 	8.4	 	 	 
	Percent Rank
	 	 	23	%	 	 	0	%	 	 	81	%	 	 	79	%	 	 	46	%	 	 	38	%	 	 

 

			
	*	 	The TSR calculation will represent the daily rate of return reflecting daily price change plus
reinvestment of daily dividends and the compounding effect of dividends paid on reinvested
dividends. Each year will begin on the first day of Bob Evans fiscal year and end on the last day
of Bob Evans fiscal year.

C-2

 

Disclaimer: the figures used in Appendix C are for demonstration purposes only and do not
anticipate or predict the Company’s future performance. Information that it contains is not
designed or intended to serve as investment advice.

C-3

 

APPENDIX D

EXAMPLES OF CALCULATION OF CONDITIONAL PERFORMANCE SHARES SUBJECT TO

COMMITTEE DISCRETION FOR FINAL DETERMINATION OF DISTRIBUTION

The Committee will consider Bob Evans’ five-year average TSR relative to that of the peer
companies, using the following schedule:

TSR < 50th percentile: no shares are earned

TSR = 50th percentile: 40% of shares in the award pool may be earned

TSR = 75th percentile: 80% of shares in the award pool may be earned

TSR ≥ 90th percentile: 100% of the shares in the award pool may be earned

In the above guide, the calculation of the number of shares to be considered will be
interpolated for performance falling between these percentiles. For example, if Bob Evans’
TSR is at the 62.5 percentile, then 60% of the shares in the award pool may be earned.
However, the final number of shares distributed is subject to the Committee’s discretion as
provided below.

Examples of how the Program might pay out are shown on page D-2 of this Appendix D, based solely on
the TSR schedule shown above, without regard to the Committee’s discretion to determine the final
number of shares to be distributed. The Committee has the authority to exercise its discretion to
determine the final number of shares to be distributed, giving consideration to any criteria that
the Committee, in its sole discretion, deems appropriate. Note that the Committee cannot award a
final number of shares to be distributed that is greater than 100% of the shares in the award pool
at the end of the Five-Year Performance Period.

D-1

 

Net Income Growth Circuit Breaker with TSR Modifier

Example #1: High-End Award

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	2010	 	2011	 	2012	 	2013	 	2014	 	Total
	NI Growth % of Plan
	 	 	90	%	 	 	100	%	 	 	95	%	 	 	120	%	 	 	110	%	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Relative NI Growth Percent Rank
	 	 	80	%	 	 	90	%	 	 	85	%	 	 	90	%	 	 	80	%	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Target # Shares
	 	 	47,000	 	 	 	47,000	 	 	 	46,000	 	 	 	46,000	 	 	 	45,000	 	 	 	231,000	 
	# Shares Added to Pool
	 	 	47,000	 	 	 	47,000	 	 	 	46,000	 	 	 	46,000	 	 	 	45,000	 	 	 	231,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	5-Year Average TSR Percent Rank
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	80	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TSR Modifier (Threshold = 50th
Percentile)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	87	%
	# of Shares Earned
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	200,200	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2014 FYEnd Closing Price
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	33.43	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Value
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	6,693,524	 

Net Income Growth Circuit Breaker with TSR Modifier

Example #2: Medium-End Award

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	2010	 	2011	 	2012	 	2013	 	2014	 	Total
	NI Growth % of Plan
	 	 	90	%	 	 	50	%	 	 	110	%	 	 	95	%	 	 	80	%	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Relative NI Growth Percent Rank
	 	 	80	%	 	 	20	%	 	 	80	%	 	 	60	%	 	 	45	%	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Target # Shares
	 	 	47,000	 	 	 	47,000	 	 	 	46,000	 	 	 	46,000	 	 	 	45,000	 	 	 	231,000	 
	# Shares Added to Pool
	 	 	47,000	 	 	 	0	 	 	 	46,000	 	 	 	46,000	 	 	 	0	 	 	 	139,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	5-Year Average TSR Percent Rank
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	50	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TSR Modifier (Threshold = 50th
Percentile)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	40	%
	# of Shares Earned
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	55,600	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2014 FYEnd Closing Price
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	27.78	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Value
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	1,544,655	 

Net Income Growth Circuit Breaker with TSR Modifier

Example #3: Low-End Award

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	2010	 	2011	 	2012	 	2013	 	2014	 	Total
	NI Growth % of Plan
	 	 	90	%	 	 	70	%	 	 	50	%	 	 	65	%	 	 	85	%	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Relative NI Growth Percent Rank
	 	 	80	%	 	 	40	%	 	 	20	%	 	 	35	%	 	 	55	%	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Target # Shares
	 	 	47,000	 	 	 	47,000	 	 	 	46,000	 	 	 	46,000	 	 	 	45,000	 	 	 	231,000	 
	# Shares Added to Pool
	 	 	47,000	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	45,000	 	 	 	92,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	5-Year Average TSR Percent Rank
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	40	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TSR Modifier (Threshold = 50th
Percentile)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0	%
	# of Shares Earned
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2014 FYEnd Closing Price
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	24.07	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Value
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	0	 

Note: 2014 FYEnd Closing Price based on an EPS of $1.73 grown over 5 year period at the
following rates: 10% (high-end award), 6% (medium-end award), 3% (low-end award), mulitiplied by
a PE Ratio of 12.

Disclaimer: the figures used in this Appendix D are for example purposes only and do not
anticipate or predict the Company’s future performance. Information that it contains is not
designed or intended to serve as investment advice.

D-2

 

 APPENDIX E

BOB EVANS FARMS, INC.

AMENDED AND RESTATED 2006 EQUITY AND CASH INCENTIVE PLAN

BENEFICIARY DESIGNATION FORM

Primary Beneficiary Designation. I designate the following person(s) as my primary beneficiary or
beneficiaries, in the proportion specified, to receive or to exercise any vested Awards under the
Bob Evans Farms, Inc. Amended and Restated 2006 Equity and Cash Incentive Plan (the “Plan”) that
are unpaid or unexercised at my death:

	 	 	 	 	 	 	 	 	 
	                    % to

	 	 	 	 
	 	 	 	 
	 

	 	 	 	 
	 	 	 	 
	 

	 	 	 	(Name)
	 	 	 	(Relationship)

	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	 
	 	 	 

	 	 	 	 	 	 	 	 	 
	                    % to

	 	 	 	 
	 	 	 	 
	 

	 	 	 	 
	 	 	 	 
	 

	 	 	 	(Name)
	 	 	 	(Relationship)

	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	 
	 	 	 

	 	 	 	 	 	 	 	 	 
	                    % to

	 	 	 	 
	 	 	 	 
	 

	 	 	 	 
	 	 	 	 
	 

	 	 	 	(Name)
	 	 	 	(Relationship)

	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	 
	 	 	 

	 	 	 	 	 	 	 	 	 
	                    % to

	 	 	 	 
	 	 	 	 
	 

	 	 	 	 
	 	 	 	 
	 

	 	 	 	(Name)
	 	 	 	(Relationship)

	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	 
	 	 	 

Note: You are not required to name more than one primary beneficiary but, if you do, the sum of
these percentages may not be greater than 100 percent.

Contingent Beneficiary Designation. If one or more of my primary beneficiaries dies before I die,
I direct that any vested Awards under the Plan that are unpaid or unexercised at my death and that
might otherwise have been paid to that beneficiary be:

	 	 	 	 	 	 	 	 	 
	                          Allocated to my other named primary beneficiaries in proportion to the allocation given above (ignoring the interest allocated to the deceased primary beneficiary); or

	 	 	 	 	 	 	 	 	 
	                          Allocated, in the proportion specified, among the following contingent beneficiaries:

	 	 	 	 	 	 	 	 	 
	                    % to

	 	 	 	 
	 	 	 	 
	 

	 	 	 	 
	 	 	 	 
	 

	 	 	 	(Name)
	 	 	 	(Relationship)

	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	 
	 	 	 

	 	 	 	 	 	 	 	 	 
	                    % to

	 	 	 	 
	 	 	 	 
	 

	 	 	 	 
	 	 	 	 
	 

	 	 	 	(Name)
	 	 	 	(Relationship)

	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	 
	 	 	 

	 	 	 	 	 	 	 	 	 
	                    % to

	 	 	 	 
	 	 	 	 
	 

	 	 	 	 
	 	 	 	 
	 

	 	 	 	(Name)
	 	 	 	(Relationship)

	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	 
	 	 	 

	 	 	 	 	 	 	 	 	 
	                    % to

	 	 	 	 
	 	 	 	 
	 

	 	 	 	 
	 	 	 	 
	 

	 	 	 	(Name)
	 	 	 	(Relationship)

	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	 
	 	 	 

Note: You are not required to name more than one contingent beneficiary but, if you do, the sum of
these percentages may not be greater than 100 percent.

	 	 	 	 	 	 	 
	 
 

(Signature)

	 	 	 	 
 

(Date)
	 	 

	 	 	 	 	 	 	 
	  

(Print
Name)

	 	 	 	 	 	 

Please return an executed copy of this form to us at the following address: Compensation Department
, Bob Evans Farms, Inc., 3776 S. High St., Columbus, Ohio 43207.

E-1EX-10.5

Exhibit 10.5

BOB EVANS FARMS, INC.

[NAME OF PLAN] (the “Plan”)

CEO LONG-TERM PERFORMANCE-BASED INCENTIVE AWARD PROGRAM

Fiscal Year [YEAR] Performance Share Award Agreement

In accordance with Section 5(a)(iv) of the Amended and Restated Employment Agreement by and between
Bob Evans Farms, Inc. (the “Company”, “we”, “our” or “us”) and you, you are participating in a
Long-Term Performance-Based Incentive Award Program (the “Program”). For fiscal year [YEAR] we are
granting Performance Shares to you under the Program. “Performance Shares” have the same meaning
as provided in [SECTION #] of the Plan. The Performance Shares will not vest unless you meet the
Performance Objectives and Employment Conditions contained in this Fiscal Year [YEAR] Performance
Share Award Agreement (this “Award Agreement”). Your participation is also subject to other terms
and conditions described in the Plan and this Award Agreement.

Capitalized terms that are not defined in this Award Agreement have the same meaning as in the Plan
and the agreement which establishes the CEO Long Term Performance-Based Incentive Award Program and
defines the terms and conditions for the Five-Year Performance Period from fiscal year 2010 through
fiscal year 2014 (the “Five-Year Performance Agreement”).

You should return a signed copy of this Award Agreement to:

Senior Vice President — Human Resources

Bob Evans Farms, Inc.

3776 S. High St.

Columbus, Ohio 43207

1. Performance Shares

(a) Grant Date: [insert Grant Date].

(b) Number of Performance Shares Granted: [insert number of shares] Performance Shares. The
number of Performance Shares granted to you for this fiscal year [YEAR] equals the lesser of (i)
125% of your base salary as of [DATE], which is $[BASE SALARY], divided by the average closing
price of a Share over the period that is one hundred eighty (180) calendar days (which includes
only the days that our stock is being traded), with the 180-day period ending on the date that is
seven (7) calendar days prior to the Grant Date, rounded down to the nearest whole Share, which is
$[AVERAGE STOCK PRICE]; or (ii) the limit of Performance Shares that you may be granted in any
fiscal year when taking into account any other grant of Performance-Based Awards as required by
Section [SECTION#] of the Plan.

(c) Performance Objectives: If you meet the Employment Conditions and the Fiscal Year Performance
Objectives provided below, the Performance Shares granted in paragraph (b) above will be credited
to the Pool, as defined in the Five-Year Performance Agreement.

          (i) “Employment Conditions”: This Award Agreement will terminate and you will forfeit any
interest in Performance Shares granted pursuant to this Award Agreement, in the event that (A) your
employment with us terminates for any reason prior to the end of fiscal year 2014, or (B) you are
no longer our Chief Executive Officer at the end of fiscal year [YEAR].

          (ii) “Fiscal Year Performance Objectives”: At least one of the following Fiscal Year
Performance Objectives under subparagraph (A) or (B) below must be met in order for Performance
Shares to be credited to the Pool. Note that the Net Income used in calculating Net Income Growth
under subparagraph (A) below may take into consideration certain exclusions as the Committee
determines in its discretion for each fiscal year, as such calculation solely takes into
consideration the Company’s net income growth; however, by comparison, the Net Income used in
calculating Net Income Growth under subparagraph (B) is specifically defined, as such specific calculation creates a uniform measure of
the net income growth of the Company and the Fiscal Year Peer Group.

1

 

          (A) The Company’s Net Income Growth for fiscal year [YEAR] must be                      or greater. In
calculating Net Income Growth under this paragraph (c)(ii)(A), the Committee will use the
following definitions:

     (i) Net Income means the Company’s Net Income as reported in its financial
statements prepared in accordance with GAAP, or any other accounting reporting
system under which the Company is required to report its financial statements (the
“Financial Statements”), for fiscal year [YEAR]; however, in calculating Net
Income, certain income and/or expense items that are not indicative of ongoing
results may be excluded in the discretion of the Committee. The Committee will
adopt guidelines regarding the calculation of Net Income for fiscal year [YEAR]
within, and no exclusion may be changed or added after, the time period specified
in Code section 162(m) in order for the Performance Shares to qualify as
“performance-based” under Code section 162(m). Examples of items that may be
excluded from calculating Net Income include, but are not limited to: “strategic”
items (charges or credits related to the high-level strategic direction of the
Company, such as restructurings, acquisitions, divestitures, the purchase or sale
of equities, and the issuance or payment of debt); “regulatory” items (charges or
credits due to changes in tax or accounting rules); “external” items (charges or
credits due to external events such as natural disasters); and “other” significant
unusual, nonrecurring or rare items (such as charges or credits due to litigation
or legal settlements, the disposal of assets or asset impairment).

          (B) The rank of the Company’s Net Income Growth for fiscal year [YEAR] as compared to
the Fiscal Year Peer Group, as defined below, must be at the 50th percentile or greater.
In calculating Net Income Growth under this paragraph (c)(ii)(B), the Committee will use
the following definitions:

     (i) Net Income, used in the calculation of Net Income Growth under this
paragraph (c)(ii)(B), means the Net Income after expenses and losses have been
subtracted from all revenues and gains for the fiscal period including
extraordinary items and discontinued operations. The Committee will use the Net
Income amounts as reported by us on our Financial Statements and by members of the
Fiscal Year Peer Group on their publicly-filed financial statements for the most
recent fiscal year ending immediately prior to the Company’s fiscal year [YEAR].

     (ii) Fiscal Year Peer Group means the group of companies that the Committee
selects to compare the Company’s Net Income Growth for the fiscal year. The Fiscal
Year Peer Group for fiscal year [YEAR] is provided in Appendix A to this
Award Agreement. The Fiscal Year Peer Group shall be the same group of companies
that the Committee uses to determine compensation and performance objectives for
our other executive officers for the same fiscal year.

A detailed explanation of the Net Income Growth calculation and a sample calculation is
provided in Appendix B to this Award Agreement.

          (C) Calculation of Net Income Growth. Net Income Growth means the Net Income at the
end of fiscal year [YEAR] minus the Net Income at the end of fiscal year [YEAR — 1], with
such difference divided by the Net Income at the end of fiscal year [YEAR — 1]. Net
Income is defined in paragraphs (c)(ii)(A) and (c)(ii)(B), which definition is to be used
for the calculation of our Net Income Growth and the Net Income Growth of the other
companies in the Fiscal Year Peer Group to determine the Company’s percentile rank as
compared to the Fiscal Year Peer Group, respectively. The following rules also apply
regarding Net Income Growth:

2

 

     (i) Net Income Growth will be calculated to the tenth decimal place and will
not be rounded to the nearest whole number for purposes of determining whether the
Fiscal Year Performance Objectives under paragraph (c)(ii) have been met.

     (ii) If the Company has a negative Net Income during fiscal year [YEAR], the
Committee has the discretionary authority to establish a different type or
calculation of the Net Income Growth target in paragraph (c)(ii)(A) for the fiscal
year [YEAR + 1] Award Agreement.

     (iii) If any of the companies in the Fiscal Year Peer Group has a negative Net
Income during fiscal year [YEAR], the Committee has the discretionary authority to
(a) establish a different type of calculation of Net Income Growth for the Fiscal
Year Peer Group, and/or (b) exclude those companies in the Fiscal Year Peer Group
that have had a negative Net Income in fiscal year [YEAR], in paragraph (c)(ii)(B)
for the [YEAR + 1] fiscal year Award Agreement.

     (iv) If the Net Income Growth of a member of the Fiscal Year Peer Group cannot
be calculated at the end of fiscal year [YEAR], for example, the member is no
longer a publicly-traded company, then that company will be removed from the Fiscal
Year Peer Group at the end of fiscal year [YEAR] for purposes of determining the
Company’s percentile rank for such fiscal year.

(d) Certification: At the end of fiscal year [YEAR], the Committee will make a good faith
determination and will certify under Code section 162(m)(4)(C)(iii) whether the Fiscal Year
Performance Objectives under paragraph (c)(ii) above and material terms of this Award Agreement
have been met and the number of Performance Shares that will be credited to the Pool. The number
of such Performance Shares credited for fiscal year [YEAR] will either be the number of Performance
Shares granted as set forth in Section 1(b) above or zero.

(e) Crediting of Performance Shares: Once credited to the Pool, your Performance Shares will
become Conditional Performance Shares as defined in the Five-Year Performance Agreement.
Conditional Performance Shares will be subject to the terms and conditions of the Five-Year
Performance Agreement.

2. Transfer Restrictions: You may not sell, transfer, pledge, assign, alienate or hypothecate your
Performance Shares, which will be held in a book-entry account in your name.

3. Other Rules Affecting Your Performance Shares:

(a) Rights During the Restriction Period: You may not vote or receive any dividends associated
with the Performance Shares.

(b) Tax Withholding: You may be required to pay to us and we will have the right and are hereby
authorized to withhold from any issuance or transfer due under this Award Agreement or under the
Plan or from any compensation or other amount owing to you, applicable withholding taxes with
respect to your Performance Shares granted under this Award Agreement or the Plan and to take such
action as may be necessary in our opinion to satisfy all obligations for the payment of such taxes.
Where practicable, we will provide advance notice of your withholding obligations.

(c) Governing Law: This Award Agreement will be construed in accordance with and governed by the
laws (other than laws governing conflicts of laws) of the State of Ohio, except to the extent that
the corporate laws of the state in which we are incorporated are mandatorily applicable.

(d) Other Agreements: Your Performance Shares will be subject to the terms of any other written
agreements between you and us to the extent that those other agreements do not directly conflict
with the terms of the Plan or this Award Agreement.

3

 

(e) Recoupment: This Award Agreement, and any Performance Shares you may receive pursuant to this
Award Agreement, is subject to the Company’s Executive Compensation Recoupment Policy, that we
adopted on February 17, 2009, as it may be amended from time to time (the “Policy”) and the
Executive Recoupment Policy Acknowledgement and Agreement that you signed in accordance with the
Policy.

(f) Adjustments to Your Performance Shares: If there is a Share dividend, Share split,
recapitalization (including payment of an extraordinary dividend), merger, consolidation,
combination, spin-off, distribution of assets to stockholders, exchange of Shares or other similar
corporate change affecting Shares, the Committee shall appropriately adjust the number of
Performance Shares and any other factors, limits or terms affecting your Performance Shares. Any
decision by the Committee as to the appropriate adjustments to be made to your Performance Shares
will be binding on you.

(g) Other Terms and Conditions: Your Performance Shares and your participation in the Program are
subject to the terms and conditions described in this Award Agreement and the Plan, which is
incorporated by reference into and made a part of this Award Agreement. You should read the Plan,
this Award Agreement, the Five-Year Performance Agreement and the Amended and Restated Employment
Agreement between you and the Company, effective May 1, 2009, carefully to ensure you fully
understand all the terms and conditions of your grant of Performance Shares. In the event of a
conflict between the terms of the Plan and the terms of this Award Agreement, the terms of the Plan
will govern. The Committee has the sole responsibility of interpreting the Plan and this Award
Agreement, and its determination of the meaning of any provision in the Plan or this Award
Agreement shall be binding on you.

(h) Signature in Counterparts: This Award Agreement may be signed in counterparts, each of which
will be deemed an original, but all of which will constitute one and the same instrument.

* * * * *

Your Acknowledgment

By signing below as the “Participant,” you acknowledge and agree that:

	 	•	 	A copy of the Plan and prospectus have been made available to you; and
	 
	 	•	 	You understand and accept the terms and conditions placed on your Performance Shares.

	 	 	 	 	 	 	 	 	 
	PARTICIPANT
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	Date:	 	 
	Steven A. Davis

	 	 
	 	 
	 	  
 
	 
	 	 	 	 	 	 	 	 
	BOB EVANS FARMS, INC.	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	Date:
	 	 
	 

	 	 

[NAME]
	 	 
	 	 	 	 
 
	 

	 	[TITLE]	 	 	 	 	 	 

4

 

APPENDIX A

FISCAL YEAR [YEAR] PEER GROUP

A-1

 

APPENDIX B

NET INCOME GROWTH CALCULATION AND EXAMPLE

The net income growth calculated for Bob Evans and its peers each year under Section
1(c)(ii)(B) of the Award Agreement will represent the year-over-year change in net income
reported by each company after expenses and losses have been subtracted from all revenues and
gains for the fiscal period including extraordinary items and discontinued operations. Yearly
net income growth will be measured for Bob Evans and for each peer company over each company’s
most recently completed fiscal year.

In the table below, Bob Evans’ net income growth for fiscal year 2008 is calculated as
described above. Bob Evans’ net income growth of 7% falls between Red Robin Gourmet Burgers’
4% and The J.M. Smucker Co.’s 8% . Interpolation between Red Robin’s percent rank of 60.1 and
Smucker’s of 64.1 results in a percent rank of 61.8 for Bob Evans’ net income growth of 7%.

	 	 	 	 	 	 	 
	 	 	Net Income Growth	 	 
	 	 	Most Recently Completed FY	 	 
	Landry’s Restaurants Inc.
	 	 	—	 	 	 
	Sanderson Farms Inc
	 	 	—	 	 	 
	Triarc Cos Inc.
	 	 	—	 	 	 
	Darden Restaurants Inc.
	 	 	87	%	 	 
	Lance Inc
	 	 	29	%	 	 
	Famous Dave’s of America Inc
	 	 	23	%	 	 
	Buffalo Wild Wings Inc
	 	 	21	%	 	 
	BJ’s Restaurants Inc
	 	 	19	%	 	 
	Del Monte Foods Co
	 	 	18	%	 	 
	Dennys Corp
	 	 	14	%	 	 
	McCormick & Company Inc
	 	 	14	%	 	 
	Carrols Restaurant Group Inc
	 	 	12	%	 	 
	YUM! Brands Inc.
	 	 	10	%	 	 
	J.M. Smucker Co (The)
	 	 	8	%	 	← Bob Evans
	Red Robin Gourmet Burgers Inc
	 	 	4	%	 	 
	Panera Bread Co
	 	 	-2	%	 	 
	P.F. Changs China Bistro Inc
	 	 	-4	%	 	 
	Cheesecake Factory Inc. (The)
	 	 	-9	%	 	 
	Hain Celestial Group Inc (The)
	 	 	-13	%	 	 
	California Pizza Kitchen Inc
	 	 	-30	%	 	 
	McDonald’s Corp
	 	 	-32	%	 	 
	Frisch’s Restaurants Inc.
	 	 	-36	%	 	 
	CKE Restaurants Inc.
	 	 	-38	%	 	 
	Papa John’s International Inc
	 	 	-48	%	 	 
	Steak n Shake Co (The)
	 	 	-58	%	 	 
	CBRL Group Inc.
	 	 	-60	%	 	 
	O’Charley’s Inc
	 	 	-62	%	 	 
	Domino’s Pizza Inc
	 	 	-64	%	 	 
	Ruby Tuesday Inc
	 	 	-71	%	 	 
	Brinker International Inc.
	 	 	-78	%	 	 
	DineEquity Inc
	 	 	-101	%	 	 
	 

	75th Percentile
	 	 	14	%	 	 
	50th Percentile
	 	 	-6	%	 	 
	40th Percentile
	 	 	-30	%	 	 
	25th Percentile
	 	 	-51	%	 	 
	 

	Bob Evans Farms Inc.
	 	 	7	%	 	 
	Percent Rank
	 	 	61.8	%	 	 

B-1

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