SEC Contract Filing

Filing Date: 2025-04-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>eh250618999_ex1001.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>EXHIBIT 10.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>RED ROBIN GOURMET BURGERS, INC.<BR>
10000 E. GEDDES AVENUE, SUITE 500<BR>
ENGLEWOOD, CO 80112</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">April 24, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">David A. Pace</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Re: Offer of Employment</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">We are pleased to offer you employment with Red Robin
Gourmet Burgers, Inc. (the &#8220;<B>Company</B>&#8221;), through its wholly-owned subsidiary, Red Robin International, Inc. (&#8220;<B>RRI</B>&#8221;).
The terms of your employment will be governed by the terms and conditions described herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">The following is a summary of your position, compensation,
and benefits to be associated with your employment with the Company.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
 <TR STYLE="vertical-align: top">
 <TD STYLE="width: 26%; font: 10pt Times New Roman, Times, Serif; text-align: left"><B>Start Date:</B></TD>
 <TD STYLE="width: 1%">&nbsp;</TD>
 <TD STYLE="width: 73%; font: 10pt Times New Roman, Times, Serif; text-align: left">April 24, 2025 </TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><B>Position</B>:</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">President and Chief Executive Officer. </TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><B>Reporting</B>:</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">You shall report directly to the Board of Directors of the Company (the &#8220;<B>Board</B>&#8221;). </TD></TR>
 <TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><B>Board Membership:</B></TD>
 <TD>&nbsp;</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">You will remain a member of the Board for your current term. Thereafter, while you remain employed as Chief Executive Officer of the Company, the Board shall nominate you for re-election as a member of the Board at the expiration of your then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements, or the provisions of Section 6E of the Company&#8217;s Certificate of Incorporation.&nbsp;&nbsp;For the avoidance of doubt, following the Start Date you shall no longer receive any compensation relating to your Board service; <U>provided</U>, <U>however</U>, that any outstanding equity-based awards granted to you, prior to the Start Date, in connection with your Board service shall remain outstanding and continue to vest in accordance with the applicable award agreement.&nbsp;&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><B>Term</B></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">You will serve as the President and Chief Executive Officer
 from the Start Date until the third anniversary of the Start Date, unless terminated earlier in accordance with the terms set forth
 herein (the &#8220;<B>Initial Term</B>&#8221;). You and the Company may mutually agree to extend the Initial Term for a successive
 six (6) month period. &nbsp;For the avoidance of doubt, in the event you or the Board appoint someone as President of the Company,
 you and the Company agree that any such appointment alone, with no other changes to the terms of your employment, will not constitute
 an early termination of the Initial Term so long as you remain the Chief Executive Officer of the Company who still reports directly
 to the Board.&nbsp;&nbsp;Further, such appointment alone shall in no way modify any terms or agreements regarding your Completion
 Bonus or Se