Buffalo Wild Wings, Inc. 2008 Executive Cash Incentive Program Agreement

Summary

Buffalo Wild Wings, Inc. established a 2008 incentive program for executive officers, offering annual cash bonuses based on the company's financial performance and individual achievements. The Board of Directors sets financial goals each year, including revenue, net income, same-store sales, and expansion. Top executives can earn up to 108% of their base salary for meeting company goals, plus up to 20% more for individual performance. Other executives can earn up to 76.2% for company goals and 15% for individual performance. Bonuses are only paid if minimum targets are met.

EX-10.1 2 a5566682ex10-1.txt EXHIBIT 10.1 EXHIBIT 10.1 BUFFALO WILD WINGS, INC. 2008 EXECUTIVE CASH INCENTIVE PROGRAM Our program for fiscal 2008 under the previously adopted Cash Incentive Plan is designed to provide an annual incentive bonus to executive officers based on the achievement of certain financial objectives, as well as individual performance. The financial objectives are set annually by our Board of Directors. Payments under the 2008 program for achievement of Company financial objectives are based on the following: revenue, net income, same-store sales increases, and increase in the number of system-wide locations. The Chief Executive Officer, Chief Financial Officer, and Executive Vice President, General Counsel may receive bonuses of up to 108% of their base salary for the Company achieving financial objectives, and up to an additional 20% of base salary on a discretionary basis for individual performance as determined in the discretion of our Board of Directors. Other executive officers may receive bonuses of up to 76.2% of their base salary for achieving financial objectives, and up to an additional 15% of their base salary for individual performance. The level of bonus payable based on Company financial objectives varies depending upon the percentage of the objective that we achieve. If a certain minimum percentage for a Company financial objective is not achieved, no bonus is paid for that objective. 5