0000950123-09-026899 Sample Contracts

PANERA BREAD COMPANY Form of Stock Settled Appreciation Right Agreement (Granted under 2006 Stock Incentive Plan)
Appreciation Right Agreement • July 29th, 2009 • Panera Bread Co • Retail-eating places

THIS AGREEMENT is entered into by and between Panera Bread Company, a Delaware corporation having a principal place of business in Richmond Heights, Missouri (the “Company”), and the undersigned [employee] of the Company (the “Participant”).

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