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Equity Incentive Plan Agreement > APPLEBEE'S INTERNATIONAL, INC AMENDED AND RESTATED 1995 EQUITY INCENTIVE PLAN RESTRICTED STOCK AWARD AGREEMENT (Officer Participants in the Executive Retirement Plan) (Performance Restricted Stock) -------------------------------------------------------------------------------- This Restricted Stock

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APPLEBEE'S INTERNATIONAL, INC
AMENDED AND RESTATED 1995 EQUITY INCENTIVE PLAN
RESTRICTED STOCK AWARD AGREEMENT
(Officer Participants in the Executive Retirement Plan)
(Performance Restricted Stock)
--------------------------------------------------------------------------------
This
Restricted Stock Award Agreement (the "Agreement") is made this
"Date"
with "Name" (the "Grantee") and evidences the grant by Applebee's
International,
Inc. (the "Company") of a Restricted Stock Award (the "Award") to
the Grantee on
the date hereof (the "Grant Date"). By executing this Agreement, the Grantee
agrees to be
bound in accordance with the provisions of the Applebee's
International, Inc.
Amended and Restated 1995 Equity Incentive Plan (the
"Plan"). Defined terms
used but not defined
herein shall have the same meaning
as used in the Plan.
1. Shares
Awarded and
Restrictions on
Shares. The Grantee is
hereby awarded
"Number of Shares"
shares of the Company's common stock, $.01 par value
(the
"Restricted
Shares"), which are subject to forfeiture and to the
restriction on the
rights of sale and transfer set forth in this Agreement
and
further subject to the terms and conditions of the Plan, the
provisions
of
which are hereby incorporated in this Agreement by reference.
2. Performance
Contingency.
(a)
Performance
Period. The
"Performance Period"
is the period beginning
on January 1 of the grant year and ending on the fourth December 31
thereafter.
(b)
Performance
Contingency. Except as
provided in this Paragraph 2(b) or
in Paragraph
6 below, all Restricted Shares shall be held by the
Grantee without
the rights of sale or transfer and subject to
forfeitures as provided herein (the "Performance Contingency"). If
Total Return to
Shareholders of the Company (as defined below) at the
end of the Performance
Period, when calculated by the Company and
approved by the Committee is (i) less than the 25th percentile of the
Total Return to Shareholders of the Peer Group (as defined below),
all
Restricted Shares
will be forfeited by the Grantee and become the
property of the
Company; (ii) greater than or equal to the 25th
percentile of the Total Return to Shareholders of the Peer Group,
the
restrictions on transfer shall lapse with
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respect to 50% of the Restricted Shares; (iii) greater than or equal
to the 50th percentile of the Total Return to Shareholders of the
Peer
Group, the
restrictions
on transfer will lapse as to 100% of the
Restricted Shares;
and (iv) greater than or equal to the 75th
percentile of the Total Return to Shareholders of the Peer Group,
the
Company shall grant to the Grantee additional shares of the
Company's
common stock
equal to 50% of the
total Restricted
Shares, with no
restrictions.
(c)
Total Return to
Shareholders.
"Total Return to
Shareholders"
shall
mean the percentage by
which the trading price of a company's common
stock, plus any common
stock dividends
paid during the
Performance
Period, increases
during the Performance Period. This change in
trading price
shall be measured by using the average of
the closing
price of the
common stock for the 200 trading days prior to the
beginning of the
Performance Period as
the beginning trading
price,
and the average of the closing price of the common stock for the 200
trading days prior to the end of the Performance Period as the ending
trading price.
(d)
Peer Group. "Peer
Group" shall mean the companies included in the Bear
Stearns Index. The
Committee may remove companies from the Peer Group
as it deems appropriate to account for corporate structure changes in
these companies.
3.
Employ
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