Luby’s, Inc. 13111 Northwest Freeway Suite 600 Houston, Texas 77040 August __, 2020 Personal and ConfidentialRestricted Share Award Agreement • August 14th, 2020 • Lubys Inc • Retail-eating places • Texas
Luby’s, Inc. (the “Company”) is pursuing the sale of its operating divisions and assets, including its real estate assets. In recognition of your critical contributions to the Company and to retain your services during this critical initiative, the Company agrees to provide you with the following bonus opportunity.
RE: Severance AgreementLubys Inc • August 14th, 2020 • Retail-eating places • Texas
In recognition of your critical contributions to Luby’s, Inc. (the “Company”), I am pleased to inform you of the Company’s agreement to provide you with severance protection, effective upon your agreement with the terms of this letter (“Agreement”). This Agreement includes and incorporates all of the terms and conditions set forth in the attached Appendix. We hope that by providing you with this enhanced severance protection, you can maintain focus on the Company’s efforts.
