Delaware
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61-1203323
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(State or other jurisdiction of | (I.R.S. Employer Identification | ||
incorporation or organization) | Number) |
Title of each class:
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Trading Symbol
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Name of each exchange on which registered:
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Common stock, $0.01 par value
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PZZA
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The NASDAQ Stock Market LLC
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Exhibit
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Number
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Description
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104
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Cover page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL Document.
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PAPA JOHN'S INTERNATIONAL, INC.
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Date: December 7, 2020
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/s/ Rob Lynch
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Rob Lynch
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President and CEO
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1.
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The last sentence of Section 1.B is amended to delete it in its entirety and replace it with the following:
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2.
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The Severance Schedule is amended to delete it in its entirety and to replace it with the following:
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●
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Senior Vice Presidents and above who are designated by Chief Executive
Officer of the Company as members of the Executive Leadership Team:
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o
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Twelve months base salary (paid over twelve month severance period)
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o
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Pro-rata portions of any bonus payouts based upon period of service during the year employment terminates under any incentive-based compensation plans then in effect (provided that any applicable performance
measures are achieved)
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o
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Twelve months company-paid COBRA coverage continuation benefits
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o
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Six months outplacement services
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●
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Senior Vice Presidents who are not designated by Chief Executive Officer of the Company as members of the
Executive Leadership Team:
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o
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Nine months base salary (paid over nine month severance period)
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o
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Pro-rata portions of any bonus payouts based upon period of service during the year employment terminates under any incentive-based compensation plans then in effect (provided that any applicable performance
measures are achieved)
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o
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Nine months company-paid COBRA coverage continuation benefits
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o
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Six months outplacement services
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●
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Vice Presidents:
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o
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Six months base salary (paid over six month severance period)
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o
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Pro-rata portions of any bonus payouts based upon period of service during the year employment terminates under any incentive-based compensation plans then in effect (provided that any applicable performance
measures are achieved)
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o
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Six months company-paid COBRA coverage continuation benefits
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o
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Six months outplacement services
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●
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Sr. Directors and Directors:
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o
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Three months base salary plus one week for each year of service, with a maximum of six months total severance (paid in a lump sum)
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o
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Three months company-paid COBRA coverage continuation benefits
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o
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Three months outplacement services
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●
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Sr. Managers and Managers:
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o
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One month base salary plus one week for each year of service, with a maximum of three months total severance (paid in a lump sum)
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o
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Two months company-paid COBRA coverage continuation benefits
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o
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Two months outplacement services
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●
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All other team members:
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o
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One month base salary plus one week for each year of service, with a maximum of three months total severance (paid in a lump sum)
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o
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One month company-paid COBRA coverage continuation benefits
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o
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One month outplacement services
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By:
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/s/ Rob Lynch
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Name:
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Rob Lynch
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Title:
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President and CEO
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