Buffalo Wild Wings, Inc. Director Compensation Arrangements Effective January 1, 2007

Contract Categories: Human Resources › Compensation Agreements
Summary

Buffalo Wild Wings, Inc. established compensation terms for its non-employee directors effective January 1, 2007. Directors receive annual cash payments and grants of restricted stock units, with additional compensation for serving on or chairing board committees. Some stock units vest based on company performance targets. The arrangement outlines specific amounts for each role and payment schedules, ensuring directors are compensated for their service and responsibilities.

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EX-10.22 4 a5352611ex1022.txt EXHIBIT 10.22 EXHIBIT 10.22 BUFFALO WILD WINGS, INC. Director Compensation Arrangements As of January 1, 2007 Effective as of January 1, 2007, the compensation for the directors who are not our employees was determined to be as follows:
Board Members (all): Cash $20,000 per year, payable quarterly Restricted Stock Units*: $20,000 in value Restricted Stock Units**: 1,000 shares Audit Committee Non-chair Members: $8,000 per year, payable quarterly Compensation Committee Non-chair Members: $8,000 per year, payable quarterly Governance/Nominating Committee Non-chair Members: $8,000 per year, payable quarterly Executive Committee Non-chair Members: $4,000 per year, payable quarterly Board Chair: $5,000 per year, payable quarterly Audit Committee Chair: $16,000 per year, payable quarterly Compensation Committee Chair: $16,000 per year, payable quarterly Governance/Nominating Committee Chair: $10,000 per year, payable quarterly Executive Committee Chair: $5,000 per year, payable quarterly
*Annual grant of restricted stock units to be granted as of the first day of each fiscal year, with the number of units to be granted determined by dividing $20,000 by the closing price at fiscal year end. These units vest to the extent of 33-1/3% on the last day of each fiscal year, and the risks of forfeiture lapse as to such increment, if we achieve 95% of our earnings target established by our Board of Directors. **Annual grant of immediately-vested 1,000 restricted stock units to be granted as of the first day of each fiscal year. 64