SEC Contract Filing

Filing Date: 2016-10-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
<DESCRIPTION>FIRST AMENDMENT TO RTI STOCK INCENTIVE PLAN
<TEXT>
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<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>FIRST<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> AMENDMENT TO THE</font></b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>RUBY TUESDAY, INC. STOCK INCENTIVE PLAN</b></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">THIS FIRST<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> AMENDMENT is made this 5th&nbsp;day of October, 2016, by Ruby Tuesday, Inc., a corporation organized and existing under the laws of the State of Georgia (hereinafter called the&nbsp;&ldquo;Company&rdquo;).</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">WHEREAS, the Company maintains the Ruby Tuesday, Inc. Stock Incentive Plan (the &ldquo;Plan&rdquo;), <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">as approved by the Company&rsquo;s shareholders at the October 2015 Annual Meeting;</font></p>

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">WHEREAS, the Company wishes to amend the Plan to<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> modify certain definitions to align them with corresponding definitions in certain of the Company&rsquo;s other compensatory arrangements;</font></p>

<p style="margin: 0pt; text-align: justify; text-indent: 72pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">WHEREAS, this First<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> Amendment shall supersede the provisions of the Plan to the extent those provisions are inconsistent with the provisions of this amendment.</font></p>

<p style="margin: 0pt; text-align: justify; text-indent: 72pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">NOW, THEREFORE, the Company does hereby amend the Plan, as follows:</p>

<p style="margin: 0pt; text-align: justify; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By deleting Section 1.1(b)<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> in its entirety and by substituting therefor the following:</font></p>

<p style="margin: 0pt; text-align: justify; text-indent: 72pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">(b<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<u>Cause</u>&rdquo; shall mean: (i) fraud or dishonesty in the performance of Participant&rsquo;s duties with the Company or its affiliates; (ii) willful misconduct; (iii) any intentional, willful and material failure of Participant to perform his or her employment duties (other than any such failure resulting from Participant&#39;s Disability) for thirty (30) days after the Board of Directors delivers a written demand for performance to Participant that specifically identifies the manner in which the Board of Directors believes that Participant has not substantially performed his or her employment duties; (iv) conduct in material violation of the Company&rsquo;s Code of Business Conduct and Ethics; (v) conviction or plea of guilty or&nbsp;nolo contendere&nbsp;to a felony; or (vi) material breach or violation of the terms of any agreement to which Participant and the Company (or any affiliate) are party. For purposes of this paragraph, no act or failure to act on the part of Participant shall be considered &quot;intentional &quot;or &quot;willful&quot; unless it is done, or omitted to be done, by Participant in bad faith and without reasonable belief that Participant&#39;s act or omission was in the best interests of the Company and its affiliates, and any act or failure to act based upon authority given pursuant to a resolution duly adopted by the Board of Directors or advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by Participant in good faith and in the best interests of the Company and its affiliates.</font></p>

<p style="margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>&nbsp;</b></p>

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