SEC Contract Filing

Filing Date: 2019-05-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>din-20190331x10qxex101.htm
<DESCRIPTION>EXHIBIT 10.1 STOCK PLAN AGREEMENT
<TEXT>
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<div><a name="sC0D2A32641F7E4D0B9746C0D41FFDCD5"></a></div><div><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Performance Award Agreement &#8211; Employees &#8211; Double Metric &#8211; Cycle 10 </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">DINE BRANDS GLOBAL, INC. <br>2016 STOCK INCENTIVE PLAN <br>PERFORMANCE AWARD AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THIS PERFORMANCE AWARD AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;Agreement&#8221;) is entered into as of ___________, by and between </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">DINE BRANDS GLOBAL, INC. </font><font style="font-family:inherit;font-size:12pt;">(formerly, DineEquity, Inc.), a Delaware corporation (the &#8220;Company&#8221;), and ___________, an employee of the Company (the &#8220;Participant&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">RECITALS</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Pursuant to the Dine Brands Global, Inc. 2016 Stock Incentive Plan (the &#8220;Plan&#8221;), the Compensation Committee of the Board of Directors of the Company (the &#8220;Committee&#8221;), as the administrator of the Plan, has determined that the Participant is to be granted a Performance Award (the &#8220;Award&#8221;) payable in the form of cash on the terms and conditions set forth herein. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Any capitalized terms not defined herein shall have their respective meanings set forth in the Plan.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">AGREEMENT</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">In consideration of the foregoing and of the mutual covenants set forth herein and other good and valuable consideration, the parties hereto agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:left;text-indent:48px;"><font style="padding-bottom:16px;text-align:left;font-family:inherit;font-size:12pt;color:#010000;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">GRANT OF PERFORMANCE UNITS</font><font style="font-family:inherit;font-size:12pt;">. Subject to the attainment of the performance goals set forth on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Exhibit A</font><font style="font-family:inherit;font-size:12pt;">, the Participant is entitled to that number of performance units (&#8220;Performance Units&#8221;) determined in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Exhibit A</font><font style="font-family:inherit;font-size:12pt;">&#32;and subject to the terms and conditions of this Agreement. Each Performance Unit shall have a value of $1.00. At the end of the three-year performance period beginning on [______] and ending on [______] (the &#8220;Performance Period&#8221;), the Committee shall determine the total number of Performance Units payable pursuant to the Award in accordance with the two Performance Unit matrices set forth on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Exhibit A</font><font style="font-family:inherit;font-size:12pt;">&#32;hereto and the Committee&#8217;s determination of the applicable performance levels.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#010000;">2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">VESTING AND SETTLEMENT OF PERFORMANCE UNITS</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#010000;">(a) </font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Service Vesting</font><f