Amendment No. 1 to the Bravo Development, Inc. 2006 Stock Option Plan

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment, made by the Board of Directors of Bravo Brio Restaurant Group, Inc. (formerly Bravo Development, Inc.), updates the 2006 Stock Option Plan. It states that the plan will terminate when the company's common stock becomes publicly traded, and no new stock option awards can be issued after that date. Additionally, Section 9.2 of the plan is deleted, while all other provisions remain unchanged.

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EX-10.11 4 l40038eexv10w11.htm EX-10.11 exv10w11
Exhibit 10.11
AMENDMENT No. 1 TO THE
BRAVO DEVELOPMENT, INC. 2006 STOCK OPTION PLAN
     Pursuant to the authority reserved to it under Section 9.1 of the Bravo Development, Inc. Option Plan (the “Plan”), the Board of Directors of Bravo Brio Restaurant Group, Inc. (f/k/a Bravo Development, Inc.) hereby amends the Plan, as follows:
  1.   Section 1.1 of the Plan is hereby amended by adding the following to the end thereof:
     “The Plan is terminated as of the date on which the Company’s Common Stock becomes Publicly Traded and no further Awards may be issued hereunder on or after such date.”
  2.   Section 3.1 of the Plan is hereby amended by adding the following to the end thereof:
     “The Plan is terminated as of the date on which the Company’s Common Stock becomes Publicly Traded and no further Awards may be issued hereunder on or after such date.”
  3.   Section 9.2 of the Plan is hereby deleted in its entirety.
  4.   In all other respects, the Plan is affirmed.