SEC Contract Filing

Filing Date: 2021-06-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tmb-20210611xex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.10.0.88--><!--Created on: 6/17/2021 09:00:08 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-size:11pt;font-weight:bold;">Exhibit 10.1</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:11pt;font-weight:bold;">BBQ HOLDINGS, INC.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:11pt;font-weight:bold;">AMENDED AND RESTATED 2015 EQUITY INCENTIVE PLAN</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:11pt;font-weight:bold;">(Effective April 26, 2021)</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:6.59pt 0pt 0pt 0pt;"><font style="font-size:11pt;">1. </font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">General</u><font style="font-size:11pt;">.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:6.59pt 0pt 0pt 0pt;"><font style="font-size:11pt;">1.1 </font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Purpose</u><font style="font-size:11pt;">. The purpose of the 2015 Equity Incentive Plan, as amended and restated hereby (the &#8220;</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Plan</u><font style="font-size:11pt;">&#8221;) of BBQ Holdings, Inc. (the &#8220;</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Company</u><font style="font-size:11pt;">&#8221;) is to increase stockholder value and to advance the interests of the Company by furnishing a variety of economic incentives (&#8220;</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Incentives</u><font style="font-size:11pt;">&#8221;) designed to attract, retain and motivate Employees, certain key consultants and directors of the Company. Incentives may consist of opportunities to purchase or receive shares of Common Stock, $0.01 par value per share, of the Company (&#8220;</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Common Stock</u><font style="font-size:11pt;">&#8221;) on terms determined under this Plan.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:6.59pt 0pt 0pt 0pt;"><font style="font-size:11pt;">1.2 </font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Eligible Participants</u><font style="font-size:11pt;">. Employees, Directors and Consultants are eligible to receive Incentives. Participants may be designated individually or by groups or categories (for example, by pay grade) as the Committee deems appropriate. Participation by officers of the Company or its subsidiaries and any performance objectives relating to such officers must be approved by the Committee. Participation by others and any performance objectives relating to others may be approved by groups or categories (for example, by pay grade) and authority to designate participants who are not officers and to set or modify such targets may be delegated.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:6.59pt 0pt 0pt 0pt;"><font style="font-size:11pt;">1.3 </font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Types of Incentives</u><font style="font-size:11pt;">. Incentives under the Plan may be granted in any one or a combination of the following forms: (a)&#160;Incentive Stock Options and non-statutory stock options (Section 4); (b)&#160;stock appreciation rights (&#8220;</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">SARs</u><font style="font-size:11pt;">&#8221;) (Section 5); (c)&#160;stock awards, restricted stock awards and restricted stock unit awards (Section 6); (d) performance awards (Section 7), and (e) other forms of Incentives valued in whole or in part by reference to, or otherwise based on, Common Stock, including the appreciation in value thereof (with the Board having sole and complete authority to determine the persons to whom and the time or times at which such other forms of Incentives will be granted, the number of shares of Common Stock (or the cash equivalent thereof) to be granted and all other terms and conditions of such other Incentives. Subjec