EMPLOYMENT AGREEMENTEmployment Agreement • August 4th, 2008 • Caribou Coffee Company, Inc. • Retail-eating & drinking places • Minnesota
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the 1st day of August, 2008 (the “Effective Date”) by and between Caribou Coffee Company, Inc., (the “Company”) and Michael Tattersfield (“Employee”).
Caribou Coffee Company, Inc. c/o Arcapita Inc. 75 Fourteenth Street, 24th Floor Atlanta, GA 30309 August 1, 2008Caribou Coffee Company, Inc. • August 4th, 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 $100,000 with such purchase to be made at the market price during the first trading window that opens on or after the date you are employed by Caribou, 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 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 this window trading period, up to a maximum of 150,000 shares of restricted stock. This restricted stock shall be subject to a four year vesting schedule and such other terms and conditions as s
CARIBOU COFFEE COMPANY, INC. STOCK OPTION GRANT AND AGREEMENTStock Option Grant and Agreement • August 4th, 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 Michael Tattersfield (“Optionee”) to purchase from Caribou 500,000 shares of Stock at an Option Price per share of $1.74. 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 August 1, 2008 (the “Grant Date”).
