RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE WENDY'S/ARBY'S GROUP, INC.Restricted Stock Unit Award Agreement • May 10th, 2011 • Wendy's/Arby's Restaurants, LLC • Retail-eating places • Delaware
RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”), made as of ______________, 20__, by and between Wendy's/Arby's Group, Inc. (the “Company”) and ______________ (“Participant”):
As of March 31, 2011Wendy's/Arby's Restaurants, LLC • May 10th, 2011 • Retail-eating places
Re: Award AgreementAward Agreement • May 10th, 2011 • Wendy's/Arby's Restaurants, LLC • Retail-eating places • Delaware
Wendy's/Arby's Group, Inc. (“WAG” or the “Company”) is reviewing strategic alternatives for the Arby's brand, including a possible sale. If Arby's is sold, the headquarters for the remaining Company would be based in Ohio. In that case, your position would relocate to Ohio. Requiring you to move to Ohio without your consent is a “triggering event,” as defined in the December 18, 2008 letter agreement entered into by you and WAG. In addition, the sale of Arby's may result in a material reduction of your responsibilities under the December 18, 2008 letter agreement, which would also be a triggering event. In order to obtain your consent to the foregoing and to prevent a triggering event under the December 18, 2008 letter agreement, the Company is willing to provide you the following consideration, subject to the terms and conditions described in this letter.
