SEC Contract Filing

Filing Date: 2022-09-07

Document Content:
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<TYPE>EX-10.4
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<FILENAME>d363884dex104.htm
<DESCRIPTION>EX-10.4
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Dave&nbsp;&amp; Buster&#146;s Entertainment, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2014 Omnibus Incentive Plan </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Performance Based) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RESTRICTED STOCK UNIT AWARD AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this &#147;<B>Award Agreement</B>&#148;) is made effective as of June&nbsp;29, 2022 (the
&#147;<B>Date of Grant</B>&#148;), between Dave&nbsp;&amp; Buster&#146;s Entertainment, Inc., a Delaware corporation (the &#147;<B>Company</B>&#148;) and Christopher Morris (the &#147;<B>Participant</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>R</U>&nbsp;<U>E</U>&nbsp;<U>C</U>&nbsp;<U>I</U>&nbsp;<U>T</U>&nbsp;<U>A</U>&nbsp;<U>L</U>&nbsp;<U>S</U>: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company has adopted the Dave&nbsp;&amp; Buster&#146;s Entertainment, Inc. 2014 Omnibus Incentive Plan (as amended from time to
time, the &#147;<B>Plan</B>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Compensation Committee of the Board of Directors of the Company (the
&#147;Committee&#148;) has determined that it would be in the best interests of the Company and its stockholders to grant the award (the &#147;<B>Award</B>&#148;) of performance-vesting restricted stock units (each, an &#147;<B>RSU</B>&#148;)
provided for herein to the Participant pursuant to the Plan and the terms set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, in consideration of the mutual
covenants hereinafter set forth, the parties agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Grant of Award</U>. The Company hereby grants
to the Participant RSUs on the following terms: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Upon achievement of target-level performance set forth in this
Agreement, 98,706 RSUs may be earned under this Award (the &#147;<B>Target Achievable RSUs</B>&#148;) based on the volume-weighted average closing price of a share of the Company&#146;s common stock for the consecutive
<FONT STYLE="white-space:nowrap">60-trading</FONT> day period ending on the fifth anniversary of the Date of Grant (the &#147;<B>Average Share Price</B>&#148;, and the last day of such <FONT STYLE="white-space:nowrap">60-trading</FONT> day period,
the &#147;<B>Closing Date</B>&#148;). For purposes of this Award Agreement, &#147;<B>Performance Period</B>&#148; means the period commencing on the Date of Grant and ending on the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Each RSU represents one notional share of common stock, par value $.01 per share, of the Company (each, a
&#147;<B>Share</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Terms and Conditions.</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Calculation of Earned Portion</U>. The Award shall be one hundred percent (100%) unvested as of the Date of
Grant. Pursuant to the terms of the Plan and this Award Agreement, including, without limitation, Sections 3 and 4 below, as soon as reasonably practicable following the Closing Date, the Company shall determine the number RSUs, if any, that shall
be deemed earned and eligible for vesting and settlement (such RSUs, &#147;<B>Earned RSUs</B>&#148;) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">D&amp;B Team Member
&#150; Christopher Morris </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2022 Restricted Stock Unit Award Agreement &#150; Performance Based No 2 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 1 of 11 </P>

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in accordance with subsections (b)&nbsp;and (c) below. Any and all RSUs that are not deemed to be Earned RSUs shall be forfeited and canceled immediately without consideration and shall not be
eligible for settlement in accordance with Section&nbsp;3 hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b)