Common use of Performance Stock Award Clause in Contracts

Performance Stock Award. Executive shall be also granted a stock bonus award whereby Executive has the conditional right to receive upon vesting a target performance stock award of 50,000 shares of the common stock of Texas Roadhouse, Inc. subject to the achievement of goals for fiscal year 2018 established by the Compensation Committee, as determined by the Compensation Committee (the “Performance Stock Award”). If this Agreement has not been fully executed on or prior to the Effective Date, or the Compensation Committee has not established the goals and the performance standards for achieving the Performance Stock Award, the Performance Stock Award shall be granted to Executive on the date both such conditions have been met. If this Agreement is executed by both parties on or prior to the Effective Date and the Compensation Committee has established the goals and the performance standards for achieving the Performance Stock Award, the Performance Stock Award shall be granted to Executive on the date it is fully executed. If the Performance Stock Award has been granted on or prior to the Effective Date, it shall vest on January 8, 2019. If the Performance Stock Award has been granted after the Effective Date, it shall vest on the first anniversary date of the grant. It shall be a condition of vesting that Executive continues to provide services to the Company as of the date of vesting, as provided in the Equity Incentive Plan. Executive may be granted additional Performance Stock Awards for the second and third years of the Term upon the recommendation of the Compensation Committee in amounts and upon terms and conditions to be established by the Compensation Committee. The Compensation Committee will establish the goals for a fiscal year in writing as soon as practicable, but not later than ninety (90) days after the beginning of a fiscal year, and in no event after twenty-five percent (25%) of the applicable fiscal year has elapsed. Performance Stock Awards for fiscal years subsequent to 2018, if any, shall vest on the date or dates established by the Compensation Committee, but not sooner than the first anniversary of the date of the grant. Notwithstanding the foregoing, shares associated with Performance Stock Awards shall not be issued to Executive until the amount of the award is determined by the Compensation Committee, which determination will be made within a reasonable time after the end of a fiscal year and after the Company’s financial results for the fiscal year have been made public, but not later than the March 15th following the fiscal year for which the performance goals apply. Until the issuance of such shares, Executive shall not be entitled to vote the shares, shall not be entitled to receive dividends attributable to such shares, and shall not have any other rights as a shareholder with respect to such shares. If Executive’s service to the Company ceases for any reason after the vesting date, but before the date the shares are issued, Executive shall retain the rights to the vested shares. If Executive’s employment is extended beyond the Third Anniversary Date as provided in Section 2, then on or after the Third Anniversary Date, and annually thereafter, Executive’s Performance Stock Award may be reviewed by the Compensation Committee to determine whether it should be adjusted.

Performance Stock Award. Executive shall be also granted a stock bonus award whereby Executive has the conditional right to receive upon vesting a target performance stock award of 50,000 40,000 shares of the common stock of Texas Roadhouse, Inc. subject to the achievement of goals for fiscal year 2018 established by the Compensation Committee, as determined by the Compensation Committee (the “Performance Stock Award”). If this Agreement has not been fully executed on or prior to the Effective Date, or the Compensation Committee has not established the goals and the performance standards for achieving the Performance Stock Award, the Performance Stock Award shall be granted to Executive on the date both such conditions have been met. If this Agreement is executed by both parties on or prior to the Effective Date and the Compensation Committee has established the goals and the performance standards for achieving the Performance Stock Award, the Performance Stock Award shall be granted to Executive on the date it is fully executed. If the Performance Stock Award has been granted on or prior to the Effective Date, it shall vest on January 8, 2019. If the Performance Stock Award has been granted after the Effective Date, it shall vest on the first anniversary date of the grant. It shall be a condition of vesting that Executive continues to provide services to the Company as of the date of vesting, as provided in the Equity Incentive Plan. Executive may be granted additional Performance Stock Awards for the second and third years of the Term upon the recommendation of the Compensation Committee in amounts and upon terms and conditions to be established by the Compensation Committee. The Compensation Committee will establish the goals for a fiscal year in writing as soon as practicable, but not later than ninety (90) days after the beginning of a fiscal year, and in no event after twenty-five percent (25%) of the applicable fiscal year has elapsed. Performance Stock Awards for fiscal years subsequent to 2018, if any, shall vest on the date or dates established by the Compensation Committee, but not sooner than the first anniversary of the date of the grant. Notwithstanding the foregoing, shares associated with Performance Stock Awards shall not be issued to Executive until the amount of the award is determined by the Compensation Committee, which determination will be made within a reasonable time after the end of a fiscal year and after the Company’s financial results for the fiscal year have been made public, but not later than the March 15th following the fiscal year for which the performance goals apply. Until the issuance of such shares, Executive shall not be entitled to vote the shares, shall not be entitled to receive dividends attributable to such shares, and shall not have any other rights as a shareholder with respect to such shares. If Executive’s service to the Company ceases for any reason after the vesting date, but before the date the shares are issued, Executive shall retain the rights to the vested shares. If Executive’s employment is extended beyond the Third Anniversary Date as provided in Section 2, then on or after the Third Anniversary Date, and annually thereafter, Executive’s Performance Stock Award may be reviewed by the Compensation Committee to determine whether it should be adjusted.

Performance Stock Award. For the second and third years of the Term, Executive shall may also be also granted a stock bonus award whereby Executive has the conditional right to receive upon vesting a target performance stock award of 50,000 shares of the common stock of Texas Roadhouse, Inc. subject to the achievement of goals for fiscal year 2018 established by the Compensation Committee, as determined by the Compensation Committee (the “Performance Stock Award”). If this Agreement has not been fully executed on or prior to the Effective Date, or the Compensation Committee has not established the goals and the performance standards for achieving the Performance Stock Award, the Performance Stock Award shall be granted to Executive on the date both such conditions have been met. If this Agreement is executed by both parties on or prior to the Effective Date and the Compensation Committee has established the goals and the performance standards for achieving the Performance Stock Award, the Performance Stock Award shall be granted to Executive on the date it is fully executed. If the Performance Stock Award has been granted on or prior to the Effective Date, it shall vest on January 8, 2019. If the Performance Stock Award has been granted after the Effective Date, it shall vest on the first anniversary date of the grant. It shall be a condition of vesting that Executive continues to provide services to the Company as of the date of vesting, as provided in the Equity Incentive Plan. Executive may be granted additional Performance Stock Awards for the second and third years of the Term upon the recommendation of the Compensation Committee in amounts and upon terms and conditions to be established by the Compensation Committee. The Compensation Committee will establish the goals for a fiscal year in writing as soon as practicable, but not later than ninety (90) days after the beginning of a fiscal year, and in no event after twenty-five percent (25%) of the applicable fiscal year has elapsed. Performance Stock Awards for fiscal years subsequent to 2018Awards, if any, shall vest on the date or dates established by the Compensation Committee, but not sooner than the first anniversary of the date of the grant. Notwithstanding the foregoing, shares associated with Performance Stock Awards shall not be issued to Executive until the amount of the award is determined by the Compensation Committee, which determination will be made within a reasonable time after the end of a fiscal year and after the Company’s financial results for the fiscal year have been made public, but not later than the March 15th following the fiscal year for which the performance goals apply. Until the issuance of such shares, Executive shall not be entitled to vote the shares, shall not be entitled to receive dividends attributable to such shares, and shall not have any other rights as a shareholder with respect to such shares. If Executive’s service to the Company ceases for any reason after the vesting date, but before the date the shares are issued, Executive shall retain the rights to the vested shares. If Executive’s employment is extended beyond the Third Anniversary Date as provided in Section 2, then on or after the Third Anniversary Date, and annually thereafter, Executive’s Performance Stock Award may be reviewed by the Compensation Committee to determine whether it should be adjusted.

Performance Stock Award. The Executive shall be also granted a stock bonus award whereby the Executive has the conditional right to receive upon vesting a target performance stock award of 50,000 30,000 shares of the common stock of Texas Roadhouse, Inc. subject to the achievement of goals for fiscal year 2018 2015 established by the Compensation Committee, as determined by the Compensation Committee (the “Performance Stock Award”). The grant will be made on the Effective Date, provided this Agreement has been fully executed by both the Executive and the Company and the Compensation Committee has established the goals and the performance standards for achieving the Performance Stock Award. If this Agreement has not been fully executed on or prior to by the Effective Date, or the Compensation Committee has not established the goals and the performance standards for achieving the Performance Stock Award, the Performance Stock Award shall be granted to the Executive on the date both such conditions have been met. If this Agreement is executed by both parties on or prior to the Effective Date and the Compensation Committee has established the goals and the performance standards for achieving the Performance Stock Award, the Performance Stock Award shall be granted to Executive on the date it is fully executed. If the Performance Stock Award has been granted on or prior to the Effective Date, it shall vest on January 8, 2019. If the Performance Stock Award has been granted after the Effective Date, it shall vest on the first anniversary date of the grant. It shall be a condition of vesting that Executive continues to provide services to the Company as of the date of vesting, as provided in the Equity Incentive Plan. The Executive may be granted additional Performance Stock Awards for the second and third years of the Term upon the recommendation of the Compensation Committee in amounts and upon terms and conditions to be established by the Compensation Committee. The Compensation Committee will establish the goals for a fiscal year in writing as soon as practicablepracticable after the beginning of a fiscal year, but not later than ninety (90) days after the beginning of a fiscal year, and in no event after twenty-five percent (25%) of the applicable fiscal year has elapsed. The Performance Stock Award for fiscal year 2015 shall vest on the first anniversary date of the grant, provided the Executive continues to provide services to the Company as of the date of vesting, as provided in the Equity Incentive Plan. Performance Stock Awards for subsequent fiscal years subsequent to 2018years, if any, shall vest on the date or dates established by the Compensation Committee, but not sooner than the first anniversary of the date of the grant. Notwithstanding the foregoing, shares associated with Performance Stock Awards shall not be issued to the Executive until the amount of the award is determined by the Compensation Committee, which determination will be made within a reasonable time after the end of a fiscal year and after the Company’s financial results for the fiscal year have been made public, but not later than the March 15th following the fiscal year for which the performance goals apply. Until the issuance of such shares, Executive shall not be entitled to vote the shares, shall not be entitled to receive dividends attributable to such shares, and shall not have any other rights as a shareholder with respect to such shares. If the Executive’s service to the Company ceases for any reason after the vesting date, but before the date the shares are issued, the Executive shall retain the rights to the vested shares. If the Executive’s employment is extended beyond the Third Anniversary Date as provided in Section 2, then on or after the Third Anniversary Date, and annually thereafter, the Executive’s Performance Stock Award may be reviewed by the Compensation Committee to determine whether it should be adjusted.