Red Robin Gourmet Burgers(RRGB) - 2025 Q3 - Quarterly Results

Compensation and Benefits - Executive's annual base salary is set at $425,000, with a target annual bonus of 65% of the base salary, subject to performance criteria [10][11]. - The long-term incentive plan for fiscal year 2026 has a target value equal to 70% of the Executive's annual base salary [12]. - The Executive's participation in the Company's welfare benefit plans is on par with other senior executives [14]. - Any incentive compensation is subject to the Company's clawback policies as required by law [55]. - Executive's tax consequences of compensation and benefits are solely his responsibility [47]. Employment Terms - The Executive's employment is "at will," allowing termination by either party at any time for any reason [6]. - The Executive's employment will automatically terminate upon death or disability, with specific provisions for unpaid obligations [20]. - Executive must devote substantially all working time to the Company's business, with allowances for personal and charitable activities [9]. - The Agreement constitutes the entire understanding between the parties regarding Executive's employment [53]. - The provisions of the Agreement may only be amended with prior written consent from both the Board and Executive [54]. Severance and Termination - Executive is eligible for participation in the Company's Executive Severance Plan, which includes a cash severance multiplier of 1.0 and a benefits continuation period of 12 months [18][19]. - Executive agrees to a non-compete clause for 12 months post-termination, restricting involvement with competing businesses [28]. - Executive is prohibited from inducing employees at the level of Assistant Store Manager or higher to leave the Company during the Restrictive Period [30]. - Executive must return all Company property and non-personal documents upon termination of employment [33]. - The Company may seek injunctive relief in case of breach of the Agreement, without the necessity of posting bond or security [35]. Ownership and Compliance - Executive is required to own shares of common stock valued at least 3 times the annual base salary as part of the Company's Ownership Guidelines [13]. - Executive is required to maintain ownership of common stock as per the Company's Executive Stock Ownership Guidelines [37]. - Executive is allowed to report possible violations of law without prior authorization from the Company [56]. - The Company reserves the right to modify employee benefit plans without recourse by the Executive, as long as it applies to similarly situated senior executives [17]. Legal and Governance - The Agreement is governed by the laws of the State of Colorado [46]. - No relevant financial data or performance summaries were found in the provided content [59][60][61][62][63][64][65][66].