SEC Contract Filing

Filing Date: 2019-08-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tv528153_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXECUTIVE TRANSITION AND CONSULTING AGREEMENT
</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">This Executive Transition
and Consulting Agreement (&ldquo;<U>Agreement</U>&rdquo;) is made and entered into by and between Celia Catlett (&ldquo;<U>Catlett</U>&rdquo;)
and Texas Roadhouse, Inc., Texas Roadhouse Holdings LLC, and Texas Roadhouse Management Corp. (&ldquo;<U>Management Corp.</U>&rdquo;)
(collectively, &ldquo;<U>Texas Roadhouse</U>&rdquo; or the &ldquo;<U>Companies</U>&rdquo;). Catlett and the Companies will together
be referred to herein as the &ldquo;<U>Parties</U>&rdquo; or individually as a &ldquo;<U>Party</U>.&rdquo;</P>

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

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<TD STYLE="width: 0.5in">A.</TD><TD STYLE="text-align: justify">Catlett is currently the General Counsel and Corporate Secretary of Texas Roadhouse, Inc. and is
paid and provided benefits by Management Corp. for such services pursuant to the terms of a 2018 Employment Agreement with Management
Corp. executed on December 26, 2017 (the &ldquo;<U>Employment Agreement</U>&rdquo;).</TD></TR></TABLE>

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<TD STYLE="width: 0.5in">B.</TD><TD STYLE="text-align: justify">Catlett has expressed her intention to resign from active employment with the Companies.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in">C.</TD><TD STYLE="text-align: justify">The Companies wish to arrange for an orderly transition of Catlett&rsquo;s duties, and Catlett
wishes to facilitate and cooperate in such transition on the terms and conditions set out in this Agreement.</TD></TR></TABLE>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW THEREFORE</B>,
in consideration of the covenants and mutual promises contained herein, the Parties agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Termination Date</U>. Catlett resigns all of her titles, officer and/or board or manager positions with the Companies
and any of their affiliates effective on August 22, 2019 (the &ldquo;<U>Termination Date</U>&rdquo;) and the Companies hereby accept
such resignation as of that same date.</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.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Effective Date</U>. The Effective Date of the remainder of Agreement shall be the 8th day after it is executed by Catlett,
provided that, prior to that date, she has not revoked it in accordance with Section 8(d) hereof. If the Effective Date does not
occur, Catlett&rsquo;s employment will nonetheless have ended but the Consulting Period shall cease, and no amounts thereafter
due to be paid hereunder shall be due or payable and all Catlett&rsquo;s rights with respect to the compensation set out herein
shall be forfeited.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;