Notice of Stock Option Grant under 2011 Omnibus Incentive Plan – Einstein Noah Restaurant Group
Einstein Noah Restaurant Group is granting stock options to a participant as part of its 2011 Omnibus Incentive Plan. The notice specifies the number of options, grant price, and expiration date, with vesting details provided. The options are intended to motivate performance, encourage ownership, and help attract and retain key employees or service providers. Recipients are instructed to review and approve the grant terms online. This grant is part of the company's broader compensation package.
Exhibit 10.7
DATE
PARTICIPANT
ADDRESS
Dear PARTICIPANT:
We are pleased to inform you that the Compensation Committee granted you the following stock options (Options):
| Number of Options | Grant Price | Expiration Date | ||||||
The Options will vest as follows:
.
These Options are part of our compensation package, which includes the 2011 Omnibus Incentive Plan. This Plan permits the grant of Options to certain employees and third party service providers. The Plan is intended to foster and promote the long-term financial success of the Company and materially increase shareholder value by (a) motivating superior performance by means of performance-related incentives; (b) encouraging and providing for the acquisition of an ownership interest in the Company by employees; and (c) enabling the Company to attract and retain qualified and competent persons to serve as members of our management team.
Please remember to log-in to your account at www.solium.com to review and approve your current grants and the specific terms of the Options Agreement.
Thank you for your ongoing contribution to the Einstein Noah Restaurant Group team!
Sincerely,
Jeffrey J. O’Neill
Chief Executive Officer
