SEC Contract Filing

Filing Date: 2024-06-13

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2417154d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SHAKE SHACK INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2025 INCENTIVE AWARD PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As Amended and Restated Effective as of June&nbsp;12,
2024</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;1.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURPOSE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The purpose of the Shake Shack
Inc. 2025 Incentive Award Plan is to promote the success and enhance the value of Shake Shack Inc. (the &ldquo;<U>Company</U>&rdquo;)
by linking the individual interests of the members of the Board, Employees, and Consultants to those of Company stockholders and by providing
such individuals with an incentive for outstanding performance to generate superior returns to Company stockholders. The Plan is further
intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of members of the Board, Employees,
and Consultants upon whose judgment, interest, and special effort the successful conduct of the Company&rsquo;s operation is largely dependent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;2.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DEFINITIONS AND CONSTRUCTION</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Wherever the following terms
are used in the Plan they shall have the meanings specified below, unless the context clearly indicates otherwise. The singular pronoun
shall include the plural where the context so indicates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.1 &ldquo;<U>Administrator</U>&rdquo;
shall mean the entity that conducts the general administration of the Plan as provided in <U>Article&nbsp;13</U>. With reference to the
duties of the Committee under the Plan which have been delegated to one or more persons pursuant to Section&nbsp;12.6, or as to which
the Board has assumed, the term &ldquo;Administrator&rdquo; shall refer to such person(s)&nbsp;unless the Committee or the Board has revoked
such delegation or the Board has terminated the assumption of such duties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.2 &ldquo;<U>Affiliate</U>&rdquo;
shall mean (a)&nbsp;any Subsidiary, (b)&nbsp;any Parent, and (c)&nbsp;any domestic eligible entity that is disregarded, under Treasury
Regulation Section&nbsp;301.7701-3, as an entity separate from either (i)&nbsp;the Company, (ii)&nbsp;any Subsidiary or (iii)&nbsp;any
Parent.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.3 &ldquo;<U>Applicable Accounting
Standards</U>&rdquo; shall mean Generally Accepted Accounting Principles in the United States,&nbsp;International Financial Reporting
Standards or such other accounting principles or standards as may apply to the Company&rsquo;s financial statements under United States
federal securities laws from time to time.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.4 &ldquo;<U>Applicable Law</U>&rdquo;
shall mean any applicable law, including without limitation: (i)&nbsp;provisions of the Code, the Securities Act, the Exchange Act and
any rules&nbsp;or regulations thereunder; (ii)&nbsp;corporate, securities, tax or other laws, statutes, rules, requirements or regulations,
whether federal, state, local or foreign; and (iii)&nbsp;rules&nbsp;of any securities exchange or automated quotation system on which
the Shares are listed, quoted or traded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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