INCENTIVE STOCK OPTION AWARD AGREEMENT UNDER THE PIZZA INN HOLDINGS, INC.Incentive Stock Option Award Agreement • November 15th, 2012 • Pizza Inn Holdings, Inc /Mo/ • Wholesale-groceries & related products
Award Date: November 8, 2012 Participant: Randall E. Gier Type of Award: Incentive Stock Option Number of Options Granted: 140,000 Exercise Price: $2.56 Vesting Schedule: 23,000 options shall vest on 11/08/2013 39,000 options shall vest on 11/08/2014 39,000 options shall vest on 11/08/2015 39,000 options shall vest on 11/08/2016 Expiration Date: November 8, 2022
NON-QUALIFIED STOCK OPTION AWARD AGREEMENT UNDER THE PIZZA INN HOLDINGS, INC.Non-Qualified Stock Option Award Agreement • November 15th, 2012 • Pizza Inn Holdings, Inc /Mo/ • Wholesale-groceries & related products
Award Date: November 8, 2012 Participant: Randall E. Gier Type of Award: Non-Qualified Stock Options Number of Options Granted: 90,000 Exercise Price: $2.56 Vesting Schedule: 7,000 shall vest on 11/08/2014 30,000 shall vest on 11/08/2015 53,000 shall vest on 11/08/2016 Expiration Date: November 8, 2022
November 8, 2012 Randall GierEmployment Agreement • November 15th, 2012 • Pizza Inn Holdings, Inc /Mo/ • Wholesale-groceries & related products • Texas
NON-QUALIFIED STOCK OPTION AWARD AGREEMENT UNDER THE PIZZA INN HOLDINGS, INC.Non-Qualified Stock Option Award Agreement • November 15th, 2012 • Pizza Inn Holdings, Inc /Mo/ • Wholesale-groceries & related products
Award Date: November 8, 2012 Participant: Randall E. Gier Type of Award: Non-Qualified Stock Options Number of Options Granted: The number of Options granted to Participant pursuant to this Option Award Agreement shall be equal to the lesser of (i) 120,000 Options, or (ii) the product of four (4) multiplied by that number of Shares purchased by Participant during the period between the Award Date and the first anniversary of the Award Date (other than Shares purchased pursuant to the exercise of Options). On November 8, 2013, the total number of Options granted to Participant shall be definitively determined by the Committee according to the conditions described herein. Exercise Price: $2.56 Vesting Schedule: 10% of the total options granted shall vest on 11/08/2013 20% of the total options granted shall vest on 11/08/2014 30% of the total options granted shall vest on 11/08/2015 40% of the total options granted shall vest on 11/08/2016 Expiration Date: November 8, 2022
