NIGEL TRAVIS STOCK OPTION AWARDNonqualified Stock Option Agreement • November 3rd, 2006 • Papa Johns International Inc • Retail-eating places • Delaware
THIS RESTATED NONQUALIFIED STOCK OPTION AGREEMENT (“Option Agreement”) is made and entered into effective as of January 31, 2005, by and between (i) PAPA JOHN’S INTERNATIONAL, INC., a Delaware corporation (“Company”), and (ii) NIGEL TRAVIS, an individual (“Optionee”) employed by the Company. This Option Agreement restates in its entirety the Nonqualified Stock Option Agreement between the Company and Optionee dated January 31, 2005, as previously amended and restated, and the stock option award granted thereunder (the “Award”) for the sole purpose of allocating the Award in part as a grant under the 1999 Plan and in part as an inducement grant outside the 1999 Plan, all as defined and provided more specifically below.
