Buffalo Wild Wings, Inc. Director Compensation Arrangements for Fiscal Year 2009
Buffalo Wild Wings, Inc. established compensation terms for its non-employee directors for fiscal year 2009, starting December 29, 2008. Directors receive annual cash fees, paid quarterly, and annual equity grants in the form of fully vested restricted stock units (RSUs) valued at $60,000, issued after the annual shareholders’ meeting. Additional cash fees are provided for serving as chair or non-chair on various board committees, with amounts varying by committee and role. These arrangements outline the structure and amounts of director compensation for the specified fiscal year.
Exhibit 10.28
BUFFALO WILD WINGS, INC.
DIRECTOR COMPENSATION ARRANGEMENTS
FOR FISCAL YEAR 2009
For fiscal year 2009, beginning on December 29, 2008, the compensation for the directors who are not our employees was determined to be as set forth below. The cash fees are annual amounts payable quarterly. The annual equity grants will be issued immediately following election at the annual shareholders’ meeting.
| Description |
| FY 2009 |
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| Board equity grants (chair and non-chair) |
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| RSUs fully vested* |
| $ | 60,000 |
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| Board fees |
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| Chair |
| $ | 40,000 |
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| Non-chair |
| $ | 20,000 |
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| Compensation Committee fees |
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| Chair |
| $ | 16,000 |
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| Non-chair |
| $ | 8,000 |
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| Governance/Nominating Committee fees |
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| Chair |
| $ | 10,000 |
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| Non-chair |
| $ | 8,000 |
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| Audit Committee fees |
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| Chair |
| $ | 16,000 |
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| Non-chair |
| $ | 8,000 |
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| Executive Committee fees |
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| Chair |
| $ | 5,000 |
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| Non-chair |
| $ | 4,000 |
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| Compliance Committee fees |
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| Non-chair |
| $ | 8,000 |
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| * | RSUs for the number of shares equal to $60,000 divided by the current stock price. |
