EMPLOYMENT AGREEMENTEmployment Agreement • September 9th, 2008 • Caribou Coffee Company, Inc. • Retail-eating & drinking places • Minnesota
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the 9th day of September, 2008 (the “Effective Date”) by and between Caribou Coffee Company, Inc., (the “Company”) and Timothy J. Hennessy (“Employee”).
Caribou Coffee Company, Inc. c/o Arcapita Inc. 75 Fourteenth Street, 24th Floor Atlanta, GA 30309 September 9, 2008Caribou Coffee Company, Inc. • September 9th, 2008 • Retail-eating & drinking places
This letter agreement sets forth your agreement to invest in shares of Caribou Coffee Company, Inc. (“Caribou”), common stock, par value $0.01 per share (“Common Stock”). You hereby agree to purchase (in the open market) shares of Common Stock with an aggregate purchase price of at least $66,000 with such purchase(s) to be made at the market price no later than the end of the first trading window of at least ten (10) days occurring in calendar year 2009, subject to approval by Caribou’s general counsel applying standard Caribou policies and procedures. As soon as practical after you have completed your purchase of the required amount of Common Stock, Caribou will grant you shares of restricted stock under Caribou’s 2005 Equity Incentive Plan in an amount equal to the same number of shares of Common Stock that you purchase during these window trading periods, up to a maximum of 100,000 shares of restricted stock. This restricted stock shall be subject to a four year (25% per year) vesti
CARIBOU COFFEE COMPANY, INC. STOCK OPTION GRANT AND AGREEMENTStock Option Grant and Agreement • September 9th, 2008 • Caribou Coffee Company, Inc. • Retail-eating & drinking places • Minnesota
Caribou Coffee Company, Inc., a Minnesota corporation (“Caribou”), in accordance with the Caribou Coffee Company, Inc. 2005 Equity Incentive Plan (“Plan”), hereby grants an Option to Timothy J. Hennessy (“Optionee”) to purchase from Caribou 275,000 shares of Stock at an Option Price per share of $3.22. This Option is subject to all of the terms and conditions set forth in this Option Agreement and in the Plan and is granted effective as of September 9, 2008 (the “Grant Date”).
