Fogo de Chao, Inc. (Form: 8-K, Received: 07/07/2016 16:56:07)

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ARTI C LE I — PURPO S E		1
ARTI C LE II — DEFINITION S		1
2.1	Acco un t	1
2.2	B en ef iciary	1
2.3	Bo ard	1
2.4	Co de	1
2.5	Co mpen s ati o n	1
2.6	Def erral Acco unt	1
2.7	Def erral El ection	2
2.8	Def erral P eriod	2
2.9	Eff ective D ate	2
2.10	Elect ed Def erred Co mpen s ati o n	2
2.11	Em pl o yer	2
2.12	Em pl o yer D i s cr et i o nary Co n t ri b u t i o n Acco un t	2
2.13	Em pl o yer D i s cr et i o nary Co n t ri b u t i o n	2
2.14	Em pl o yer M atching Co n t ri b u t i o n Acco un t	2
2.15	Em pl o yer M atching Co n t ri b u t i o n	2
2.16	ERISA	2
2.17	P ar t icipan t	3
2.18	P ar t icipati o n Ag reemen t	3
2.19	P lan	3
2.20	P lan Y ear	3
2.21	Sc hedul e d Wi t hdrawal	3
2.22	S eparati o n from S er v i ce	3
2.23	S mall B en ef i t	3
2.24	S peci f ied Em pl o y ee	3
2.25	U n fo r es eeabl e Em ergen c y	4
ARTI C LE III — PARTI C IPATION AND AC C OUNT S		4
3.1	P ar t icipati o n	4
3.2	Def erral El ections	4
3.3	Co mmencemen t , D urati o n and Mo di f icati o n of Def erral Elect i o n	5
3.4	E mpl o y e r D i sc re t i o nary Co ntri b uti o ns	5
3.5	E mpl o y e r M a tc hing Co ntri b uti o ns	5
ARTICLE IV — VESTING		5
4.1	Ves ting of El ected Def erred Compensation	5
4.2	V esting of E mployer Matching Contributions and D iscretionary Contributions	6

T he purpo se of t hi s Defe rred Co mpensa t i o n P lan ( t he “P la n”) , est a b li s hed b y Fo g o de C hã o ( Ho lding s ), I nc., a D elawar e co rpora t i o n, is to pro v ide c urrent t ax planning o ppor t uni t i es and s uppl e men t al f und s up o n r et iremen t or death for cer t ain key empl o y ees of Em pl o yer. It i s in t ended t hat t h e P lan will aid in at t racting and r et aining empl o y ees of excep t i o nal abili t y by pr ov iding t hem wi t h t h ese b en ef i ts . The P lan is in t ended to co mply wi t h Co d e Sect i o n 409 A.

“Acco un t” mean s t h e in t er est of a P ar t icipan t in t h e P lan as repr es en t ed by t h e boo kkeeping en t ri es kep t by t h e Em pl o yer. A se par ate Acco un t s hall be est abli s hed for each P ar t icipan t and as may ot herwi se be required.

“B en ef iciary ” means the person, persons or entity last designated by the P articipant to receive any ben ef its payable a f ter P articipant ’ s death pursuant to Ar ticle VII of the P lan.

“Co de ” m e ans t he I nt e rnal Reve nue Co de of 1986, a s a me nded, and including all guidanc e and regula t i o ns promulga te d t hereunder.

“Co mpen s ati o n ” mean s b as e s alary, annual bo nus es , and any ot her di sc re t i o nary bo nus es paid by Em pl o yer to t h e P ar t icipan t . Co mpen s ati o n s hall be calculated befo r e any payr o ll redu ct i o n for any am o un ts d ef erred by t h e P ar t icipan t pur s uan t to Em pl o yer ’s t ax quali f ied plan s main t ained under Co de Sect i o n 401(a) or a plan maintained under Co de Sect i o n 125, or under t hi s P lan. Co mpensa t i o n s hall not include g ro up te rm life insuranc e premium s , any no nca s h be ne f i t pro v ided to a P arti c ipant, or any f ring e b en ef i t under Co d e Sect i o n 132, wh et her or n ot excludi b l e from gr oss in co me.

“Def erral Acco unt ” means the account(s) to which E lected Def erred Compensation is credited.

“Def erral Elect i o n ” mean s a co mmi t men t by a P ar t icipan t to d ef er a p o r t i o n of hi s or h e r Co mpen s ati o n under t hi s P lan and fo r which a P ar t icipati o n Ag r eem en t has b een s u b mi tt ed by t h e P ar t icipan t to t h e Em pl o yer. A Def erral Elect i o n s hall beco m e irr evo cabl e on Decemb er 31 of t h e year pri o r to t h e Def erral P eri o d to which t h e Def erral Elect i o n appli es , excep t t hat for t h e f ir st P lan Y ear t h e el ect i o n will beco m e irr evo cabl e on J une 30, 2016.

“Def erral P eri o d ” mean s t h e P lan Y ear, excep t t hat t h e Def erral P eri o d wi t h r es p ect to t h e f ir st P lan Y ear in which t h e P lan is est abli s hed mean s t h e peri o d from t h e Effect i ve D at e to Decemb er 31, 2016.

“El ected Def erred Compensation ” means the amount of Compensation that a P articipant elects to d ef er pursuant to a Def erral El ection.

“Em pl o yer ” mean s Fogo d e C hã o ( H olding s ), Inc ., a De lawar e co rpora t i o n, and any su ccessor t her eto .

“Em pl o yer D i s cr et i o nary Co n t ri b u t i o n Acco un t” mean s t h e Acco un t ( s ) est abli s h e d to r eco rd Em pl o yer D i s cr et i o nary Co n t ri b u t i o n s and any earning s credi t ed t her eto .

“Em ployer D iscretionary Contribution ” means the amount, if any, the Em ployer credits to a P articipant ’ s Acco unt as a nonelective contribution in accordance with Section 3.4 of the P lan.

“Em pl o yer M atching Co n t ri b u t i o n Acco un t” mean s t h e Acco un t ( s ) est abli s hed to r eco rd Em pl o yer M a tc hing Co ntri b uti o ns, in c luding e arning s c redi te d t here to .

“Em ployer Matching Contribution ” means the amount, if any, credited by Em pl o yer to a P articipant ’ s Acco unt as a nonelective contribution in accordance with Section 3.5 of the P lan.

“ERISA” mean s t h e Em pl o y ee Ret iremen t I n co m e S ecuri t y Act of 1974, as amend e d, and including all guidanc e and regula t i o n s promulga te d t hereunder.

“P articipation Ag reement ” means the agreement, whether written or provided through electronic means, to d ef er Compensation submitted by a P articipant to the Em ployer or its delegates prior to the commencement of the period in which El ected D e f erred Compensation covered by the P articipation Ag reement will be earned.

“P la n” m e ans Fo g o de C hã o ( Ho ldings), I n c . Def erred Co mpen s ati o n P lan as set fo r t h in t hi s d o cumen t and P ar t icipati o n Ag reemen ts , as t h e s am e may be amended from t im e to t i m e.

“P lan Y ear ” mean s t h e calendar year, excep t t hat t h e f ir st P lan Y ear s hall be a s h o r t year be ginning J uly 1, 2016 and e nding Dece m be r 31, 2016.

“Sc hedul e d Wi t hdrawal ” m e ans a di st ri b uti o n to a P arti c ipant pri o r to Se para t i o n from Serv i ce pur s uan t to Sect i o n 6.2 of t hi s P lan.

“S eparati o n from S er v i ce” mean s t h e P ar t icipan t’s t erminati o n of empl o ymen t wi t h Em pl o yer and all aff iliated and s u bs idiary en t i t i es t hat ar e co n s idered to be par t of a co n t r o lled gr o up wi t h t h e Em pl o yer pur s uan t to Co d e Sect i o n 414( b ) or ( c ), excep t t hat in applying Co d e Sect i o n 1563 “f i ft y percen t” s hall be s u bst i t u t ed for “ eigh t y percen t . ” Wh et her a t erminati o n of empl o ymen t has o ccurred is d et ermined b ased on wh et her t h e f act s and circum st an ces indicat e t hat the Em pl o yer and t h e P ar t icipan t reas o nably an t ici- pat e t hat n o f ur t her s er v i ces will be per fo rmed aft er a cer t ain dat e or t hat t h e l ev el of bo na fide s er v i ces t h e P ar t icipan t will per fo rm aft er s uch dat e (wh et her as an empl o y ee or as an independen t co n t ra cto r) will permanen t ly decreas e to n o m o r e t han t wen t y per cent (20 % ) of t h e av erag e l ev el of bo na fide s er v i ces per fo rmed (wh et her as an empl o y ee or independen t co n t ract o r) ov er t h e immediately preceding t hir t y- s ix

(36) m o n t h s ( o r t h e full peri o d of s er v i ce to t h e Em pl o yer if t h e P ar t icipan t has be en pr ov iding s er v i ces to t h e Em pl o yer for l ess t han t hir t y- s ix (36) m o n t h s ). S eparati o n from S er v i ce s hall be d et ermined co n s i ste nt wi t h and pursuant to Co de Sect i o n 409 A (a)(2)( A )(i).

“S mall B en ef i t” mean s a lu m p- s um paym e nt pursuant to Sect i o n 6.6 of t h e P lan.

“S peci f ied Em pl o y ee” m ean s a s peci f ied empl o y ee as d ef ined in Co d e Sect i o n 409 A (a)(2) (B ).

“U n fo r es eeabl e Em ergency ” mean s a sev er e f inancial hard s hip to t h e P ar t icipan t r es ul t ing from an illn ess or acciden t of t h e P ar t icipan t , t h e P ar t icipan t’s s p o u s e, t h e P ar t icipan t’s B en ef iciary, or t h e P ar t icipant ’s dependent (a s de f ined in Co de Sect i o n 152, wi tho ut regard to Co de Sect i o n 152( b )(1), ( b )(2), and (d)(1)( B) ); l oss of t he P arti c ipant ’s property due to c a s ual t y (including t he ne e d to re b uild a ho m e fo ll o wing damag e to a h o m e n ot ot herwi se cov ered b y in s uranc e ); or ot her s imilar e x t ra o rdinary and unfo re see abl e circum st an ces ari s ing a s a r es ul t of ev en ts be y o nd t h e co n t r o l of t h e P ar t icipan t . A di st ri b u t i o n up o n an U n fo r es eeabl e Em ergen c y, h o w ev er, cann ot be mad e under t hi s P lan to t h e ex t en t t h e P ar t icipan t’s fi nancial need can be reli eve d t hr o ugh reim b ur s emen t or co mpen s ati o n from in s uran ce or ot herwi s e; b y liquidati o n of t h e P ar t icipan t’s as sets , to t h e ex t en t t h e liquidati o n of s uch as sets w o uld n ot i ts el f cau se sev er e f inancial hard s hip; o r by cess ati o n of d efe rral s under t hi s P lan.

(a) Eligibility . An y se l ect k e y empl o y ee d es ignated and appr ov ed by t h e Em pl o yer s hall be eligi b l e to par t icipat e in t h e P lan, a s of J anuary 1 o r J uly 1.

(b) Participation . An eligi b l e empl o y ee m ay mak e a Def erral Elect i o n by s u b mi tt ing a P ar t icipati o n Ag reemen t to t h e Em pl o yer pri o r to t h e b eginning of a Def erral P eri o d, excep t as d es cri b ed in (c) b el o w.

(c) Part-Year Participation. If an eligi b l e empl o y ee f ir st beco m es eligi b l e to par t icipat e in t h e P lan on a day ot her t han t h e f ir st day of a Def erral P eri o d, t h e em pl o y ee may mak e a Def erral Elect i o n b y s u bm i tt in g a P ar t icipati o n Ag r eem en t to t h e Em pl o yer pri o r to J un e 30 of t h e Def erral P eri o d and comme n ce par t icipati o n as of J uly 1. T h e Def erral Elect i o n s hall be effect i ve o nly wi t h regard to Co mpen s ati o n earned aft er J un e 30 when it beco m es irr evo ca b le.

A P ar t icipan t may file wi t h t h e Em pl o yer a P ar t icipati o n Ag reemen t to d ef er any o r all of t h e fo llowing:

(a) Salary Deferrals . A P ar t i c ipan t may el ect to d ef er f r om t w o percen t (2 %) up to sev en t y five percen t (75 % ) of b as e s alary. T h e am o un t to be d ef erred s hall be st ated as a wh o l e percen t ag e of b as e s alary.

(b) Bonus D eferrals . A P ar t icipan t may el ect to d ef er f r om t w o percen t (2 %) up to sev en t y five percen t (75 % ) of each bo nu s to be paid by t h e Em pl o yer. T h e am o un t to be d ef erred s hall be st ated as a wh o l e percen t ag e of each bo nu s paymen t , or a wh o l e percen t ag e in ex cess of a s peci f ied d o llar am o un t .

(c) C hanges to D eferral Elections . T h e Em pl o yer may chang e t h e maximum or minimum am o un t of s alary and bo nu s t hat may be d ef erred. No s uch chang e may affect a Def erral Elect i o n t hat has beco m e irr evo cabl e pri o r to t h e Em pl o yer ’s acti o n.

(d) C rediting D eferrals . Elect ed Def erred Co mpen s ati o n s hall be credi t ed to t h e P ar t icipan t’s Def erral Acco un t as of t h e dat e it w o uld ot h e rwi se h ave b een paid to s u c h P ar t icipan t in cash.

(a) C ommencement . A Def erral Elect i o n s hall beco m e effect i ve on t h e f ir st day of t h e Def erral P eri o d immediately fo ll o wing t h e dat e a P ar t icipati o n Ag reemen t for s u c h Def erral Elect i o n is f iled wi t h t h e Em pl o yer, excep t for Def erral Elect i o n s mad e under Sect i o n 3.1( c ) which s hall b eco m e effect i ve J uly 1.

(b) D uration . An ini t ial Def erral Elect i o n mad e b y a P ar t icipan t will remain in effect for o ne P lan Ye ar. Each Def erral Elect i o n will beco m e irr evo cabl e by Dece m be r 31 pri o r to t he Def erral P eri o d to whi c h it appli es , excep t for t h e f ir st Def erral P eri o d and el ect i o n s mad e under Sect i o n 3.1(c), which s hall beco m e irr evo cabl e as of J un e 30.

(c) Modification . A Def erral Elect i o n s hall t erminat e on t h e dat e a P ar t icipan t experien ces a S eparati o n from S er v i ce or upon dea t h. A Def erral Elect i o n may be cancell e d up o n a f inding b y Em pl o yer t hat t h e P ar t icipan t has s u ff ered an U n fo r es eeabl e Em ergency. A Def erral Elect i o n s hall co n t inu e to be effect i ve for Co mpen s ati o n e arned during a Defe rral Pe ri o d in whi c h a P arti c ipan t is dem ot ed to a p os i t i o n t hat w o uld ot herwi se be ineligi b l e to par t icipat e in t h e P lan.

In t h e Em pl o yer ’s so l e and ab so lu te di s cr et i o n, t h e Em pl o yer may c redi t any am o un t to a P ar t icipant ’s Em pl o yer D i s cr et i o nary Co n t ri b u t i o n Acco un t . T h e am o un t may be d et ermined in any way b y t h e Em pl o yer and need n ot be co n s i st en t am o ng t h e P ar t i c ipan ts in t h e P lan. An y co n t ri b u t i o n mad e will be all o cated to a P ar t icipan t’s Em pl o y e r D i s cr et i o nary Co ntri b uti o n Acco unt as of t h e dat e d et ermined by t h e Em pl o yer.

(a) In the Em ployer ’ s sole and absolute discretion, Em ployer may credit an amount t o a P articipant ’ s Em ployer Matching Contribution Acco unt(s) based on the El ected Def erred Compensation of the P articipant for a P lan Ye ar.

(b) If a P ar t icipan t d ef er s t h e maximum el ect i ve percen t ag e eligi b l e for a matching co nt ri b uti o n under t h e Em pl o yer ’s quali f ied 401(k) S a v ing s P lan, t h e Em pl o yer s hall c redi t to t h e P ar t icipan t’s E mpl o y e r M a tc hing Co ntri b uti o n Acco un t an am o un t equal to any matching co n t ri b u t i o n which w o uld h ave b een cr e di t ed to t h e P ar t icipan t’s 401(k) Sav ing s P lan acco un t b u t for t h e P ar t icipant ’s parti c ipa t i o n in t hi s P lan.

A P ar t icipan t s hall be o ne hundred perc e nt (100 % ) veste d in hi s or her E l ecte d Defe rred Co mpen s ati o n, including gain s and l osses , at all t im e s.

(a) Matching C ontributions . A P ar t icipan t s hall be o ne hundred perc e nt (100 % ) vest ed in any Em pl o yer M a t ching Co n t ri b u t i o n s credi t ed to t h e P ar t icipan ts Acco un t ( s ), including gain s and l osses , at all t im e s.

(b) D iscretionary C ontribution s. P ar t icipan ts recei v ing D i s cr et i o nary Co ntri b uti o n s s hall vest in t h e co n t ri b u t i o n at a rat e to be d et ermined by Em pl o yer at s uch t im e as it mak es ini t ial D i s cr et i o nary Co ntri b uti o ns.

(c) Effect of Separation from S ervice . T he vest ed per ce n t ag e in any partially vest ed D i s cr et i o nary Co ntri b uti o ns s hall n ot increas e a ft er t h e P ar t icipan t’s dat e of S eparati o n from S er v i ce .

A P ar t icipan t s hall el ect f r o m am o ng a s eri es of hyp ot h et ical in vest men t o p t i o n s d es ignated by t h e Em pl o yer in to which t h e P ar t icipan t’s Elect ed Def erred Co mpen s ati o n, Em pl o yer M atching Co n t ri b u t i o n s and Em pl o yer D i s cr et i o nary Co n t ri b u t i o n s s hall be d eem ed credi t ed. T h e in vest men t gain s and l osses credi t ed to t h e P ar t icipan t’s Defe rral Acco un t , Em pl o y e r M atching Co n t ri b u t i o n Acco un t and Em pl o yer D i s cr et i o nary Co n t ri b u t i o n Acco un t s hall be measured b ased up o n t h e in vest men t o p t i o n s s el ect ed and calculated aft er t h e in vest men t manager s’ expen ses h ave b een dedu ct ed b u t befo r e any in s uran ce -related or ot her expen ses h ave b een dedu ct ed. P ar t icipan ts may chang e in vest men t o p t i o n s p e riodically by fo ll o wing s uch pr o cedur es as may be d et ermined b y t h e Em pl o yer. Ear ning s , gain s and l osses s hall co n t inu e to be credi t ed to all Acco un ts un t il all b en ef i ts h ave bee n paid.

Em pl o yer may, in i ts so l e di s cr et i o n, add, rem ove or c hang e t h e hyp ot h et ical in vest men t o p t i o n s from which P ar t icipan ts may ch oos e, at any t ime, in i ts so l e di s cr et i o n.

F r o m t im e to t ime, b u t n ot l ess f r e quen t ly t han quar t erly, t h e Em pl o yer s hall pr ov id e to each P ar t icipan t a b en ef i t st atemen t sett ing fo r t h t h e b alan ce of t h e Acco un t main t ained for t h e P ar t icipan t .

(a) F orm of P a yment : D e f erral Acc ounts , E mp l oyer Ma tching C ontribution A ccounts , a nd E mployer D is c retionary C ontribution Acc ounts . When a P articipant makes a Def erral El ection, such P articipant shall be required t o elect the manner in which the Def erral Acco unt, the E mployer Matching Contribution A cc o unt, and the vested Em ployer D iscretionary Contribution A ccount for a P lan Y ear shall be distributed upon Separation from Service. T he P articipant may choose either:

(ii) An nual in st allmen ts for a peri o d n ot to exceed t en (10) year s . Each annual in st allmen t s hall be red et ermined and paid as of t h e anni v er s ary dat e of t h e f ir st in st allmen t paymen t b ased on t h e t hen remaining Acco un t b alan ce and t h e remaining num b er of in st allmen ts .

(b) Default . In t h e ev en t a P ar t icipan t d oes n ot t imely e l ect t h e manner in which t h e P ar t icipan t's Acco un t ( s ) ar e to be di st ri b u t ed, s uch Acco un t ( s ) s hall be di st ri b ut e d in a lump s um.

(c) I rrevocable Elections . Elect i o n s mad e pur s uan t to s u b paragraph (a) ab ove s hall be irr evo cabl e as of t h e dat e t h e Def erral Elect i o n beco m es irr evo cable.

(d) T ime of P a ymen t. U pon a P articipant ’ s Separation from Service for any reason other than death, Em ployer shall pay to such P articipant a ben ef it equal to the vested balance in the P articipant ’ s Def erral A ccount(s), Em ployer Matching Contribution Acco unt(s) and Em ployer Di scretionary Contribution Acco unt(s) in accordance with this Ar ticle VI , including any amounts subject to a Scheduled Withdrawal election at the time of Separation from Service. A lump sum distribution or the f irst in a series of installment payments shall be made within ninety (90) days of the P articipant ’ s date of Separation from Service, subject to Sections 6.6 and 6.7 of the P lan.

(a) El ection . At the time a P articipant makes a D e f erral El ection, such P articipant may, but is not required to, make a Scheduled Withdrawal election to receive the P articipant ’ s D e f erral Acco unt to which such Def erral El ection applies, on a speci f ied date in the f uture provided such date is no sooner than the beginning of the third (3 rd ) year f ollowing the D e f erral P eriod to which the Def erral El ection applies.

(b) C hange in Time of Paymen t. T h e P ar t icipan t may s u bs equen t ly chang e a S ch e d ul e d Wi t hdrawal da te pro v ided:

(i) S uch el ect i o n is s u b mi tt ed to t h e Em pl o yer in wri t ing a t leas t t wel ve (12) m o n t h s pri o r to t h e dat e any am o un t is to be di st ri b u t ed from t h e P lan;

(ii) S uch el ect i o n s hall n ot t ak e effect un t il t wel ve (12) mo n t h s aft er it is s u b mi tt ed to t h e Em pl o yer in wri t ing; and

(iii) T h e paymen t of b en ef i ts f r o m a Def erral Acco un t to which a s u bs equen t el ect i o n appli es s hall n ot comm en ce un t il at leas t f i ve (5) year s from t h e dat e s uch paymen t w o uld ot herwi se h ave b een mad e .

(c) F orm of Paymen t. P ay me n ts mad e pur s uan t to t hi s Sect i o n 6.2 s hall be mad e in a lump s um wi t hin t hir t y (30) day s of t h e dat e s el ecte d by P ar t icipan t .

(d) S epar a tion f rom S ervi c e Prior to Sc heduled W ithdr a wa l D ate . A P articipant ’ s election to receive a Scheduled Withdrawal shall become irrevocable at the same time the Def erral El ection becomes irrevocable, except as stated in (b) above. H owever, i f the P articipant has a Separation from Service prior to the date speci f ied f or the Scheduled Withdrawal, the time and form of payment elected with respect to P articipant ’ s Separation from Service shall supersede all of the P articipant ’ s Scheduled Withdrawal elections.

(a) Prior to C ommencement of Bene f its . If a P articipant dies prior to the commencement of ben ef it payments under this P lan, Em ployer shall pay to the B en ef iciary the P articipant ’ s Def erral Acco unt and Em ployer Matching Contribution A ccount and vested Em ployer D iscretionary Contribution A ccount balances in a lump sum within ninety (90) days of the P articipant ’ s date of death.

(b) After the C ommencement of Benefits . If a P ar t icipan t di es fo ll o wing t h e co mmencemen t of b en ef i t pay m en ts , t h e Em pl o yer s hall pay to t h e B en ef iciary any remaining in st allmen t paymen ts t hat w o uld h ave b een paid to t h e P ar t i c ipan t had t h e P ar t icipan t s ur v i v ed. S uch paymen ts s hall be mad e at t h e s am e t im e and in t h e s a me form as t h e P ar t icipan t w o uld h ave re ce i ve d had he or s he s urvi ve d.

(c) Af ter the C omp l etion of D istributions . If a P articipant dies af ter all Acco unt balances have been completely distributed, no death ben ef it shall be payable to the B en ef iciary under the P lan.

N o distributions shall be paid from the Em ployer Matching Contribution Acco unt and Em ployer D iscretionary Contribution Acco unt(s) prior to the earliest of the f ollowing events:

U p o n f inding t hat a P ar t icipan t has s u ff ered an U n fo r es eeabl e Em ergency, t h e Em pl o yer may, in i ts so l e di s cr et i o n fo ll o wing applicati o n by t h e P ar t icipan t , mak e a di st ri b u t i o n from t h e P ar t icipan t’s Def erral Acco un t pri o r to t h e t im e s peci f ied for paymen t of b en ef i ts under t hi s P lan. T h e hardship di st ri b uti o n s hall be mad e from each Def erral Acco un t on a pr o -rata b asi s . T he am o unt of s uch di st ri b uti o n s hall be limi t ed to t h e am o un t reas o nably n ecess ary to m eet t h e P ar t icipan t’s f inancial need during t he Unfo re see abl e Em ergency. Ap plicati o n s for a hardship di st ri b u t i o n and d et erminati o n s t her eo n by t h e Em pl o yer s hall be in wri t ing, and a P arti c ipant may be required to f urni s h wri tte n pr oof of t h e U n fo r es eeabl e Em ergency, as d et ermined by t h e Em pl o yer in i ts so l e di s cr et i o n. U p o n recei v ing a hardship di st ri b uti o n, or e xperi e ncing an U n fo r es eeabl e Em ergency t hat is d et ermined to be curabl e t hr o ugh a cess ati o n of d ef erral s , a P ar t icipan t’s Def erral Elect i o n s hall ceas e and s uch P ar t icipan t s hall n ot par t icipat e in t hi s P lan un t il t he nex t fo ll o wing P lan Ye ar.

Not wi t h st anding any t hing herein to t h e co n t rary, b u t s u b j ect to Sect i o n 6.7 of t h e P lan, i f , on t h e dat e paymen t is to comm ence, t h e P ar t icipan t’s vest ed Acco un t b alan ce (plu s t h e P ar t icipan t’s vest ed in t er est in any ot her plan or plan s required to be aggregated wi t h t hi s P lan under Sect i o n 409 A ) i s l ess t han t h e t hen curr e n t IRS limi t o n el ect i ve d ef erral s to a 401(k) plan under Co de Sect i o n 402(g)(1)( B) , s uch Acco un t b alan ce s hall be paid to t h e P ar t icipan t in a s ingl e lump s um wi t hin nine t y (90) day s of t he P ar t icipan t’s dat e of S eparati o n from S er v i ce .

Not wi t hs t anding any t hing herein to t he co ntrary, i f t h e P ar t icipan t is a S peci f ied Em pl o y ee as of hi s or her dat e of S eparati o n from S er v i ce excep t du e to death, paymen t of P ar t icipan t’s Acco un t may n ot be mad e or co mmen ce befo r e t h e dat e t hat is s ix (6) m o n t h s aft er t h e dat e of S eparati o n from S er v i ce ( o r, if earlier, t h e dat e of death of t h e P ar t icipan t ). If a P ar t icipan t’s Acco un t is s cheduled to be paid in annual in st allmen ts , t hen t h e f ir st paymen t fo ll o wing t h e s ix (6) m o n t h delay will be v alued as of t h e dat e t h e paymen t will be made, and s u bs equen t paymen ts will be mad e on t h e anni v er s ary of t h e dat e paymen t was actually mad e .

T he E mpl o y e r s hall wi t hh o ld from P lan paym e nt s any t ax es required to be wi t hheld from s uch paymen ts under f ederal, st at e o r l o cal law. In addi t i o n, any wi t hholding of t ax es required wi t h re s pe ct to t h e vest ing of Em pl o yer M a t ching or D i s cr et i o nary Co n t ri b u t i o n s t hat is required by f ederal, st ate, or l o cal law, including b u t n ot limi t ed to FICA and M edicar e t ax es , s hall be wi t hheld f r o m t h e P ar t icipan t’s co mpen s ati o n. Each P ar t icipan t s hall b ear t h e ul t imat e r es p o n s i b ili t y for paymen t of all t ax es o wed under t hi s P lan.

If a P lan b en ef i t is payabl e to a min o r or a per so n declared in co mp et en t or to a per so n incapabl e of handling t h e di s p os i t i o n of hi s pr o per t y, t h e Em pl o yer may dir ect paymen t to t h e guardian, co n s er v at o r, legal repr es en t ati ve or per so n h av ing t h e car e and cu sto dy of s uch min o r, in co mp et en t or incapaci t ated pers o n. T he E mpl o y e r m ay require pro of of min o ri t y, in co mp et ency, incapaci t y, co n s er v at o r s hip or guardianship a s it may de em appropria te pri o r to di st ri b uti o n. S uch di st ri b uti o n s hall co mpl ete ly di s charg e t h e Em pl o yer from all lia b ili t y wi t h r es p ect to s uch b en ef i t .

Each P ar t icipan t s hall h ave t h e righ t , at any t im e , to d es ignat e o n e (1) or m o r e per so n s or en t i t i es as B en ef iciary ( bot h pri m ary as well as seco ndary) to wh o m b en ef i ts under t hi s P lan s hall be paid in t h e ev en t of P ar t icipan t’s death pri o r to co mpl ete di st ri b u t i o n of t h e P ar t icipan t’s veste d b en ef i t . Each B en ef iciary d es ignati o n s hall be in a wri tt en form pr es cri b ed by Em pl o yer and s hall be effect i ve o nly when f iled wi t h Em pl o yer during t h e P ar t icipan t’s li fet im e .

An y B en ef iciary d es ignati o n may be changed b y a P ar t icipan t wi t h o u t t h e co n s en t of t h e pr ev i o u s ly named B en ef iciary b y t h e f iling of a new B en ef iciary d es ignati o n wi t h t h e Em pl o y e r. T h e f iling of a new de s igna t i o n s hall s upers e de all d es ignati o n s pr ev i o u s ly f iled. If t h e P ar t icipan t’s Co mpen s ati o n is co mmuni t y pr o per t y, any B en ef iciary d es ignati o n s hall be v alid or effect i ve o nly as permi tt ed under applicabl e law.

If any P articipant f ails to designate a B en ef iciary in the manner provided above, i f the designation is void, or if the B en ef iciary dies b ef ore the P articipant or b ef ore complete distribution of the P articipant ’ s ben ef its, the P articipant ’ s B en ef iciary shall be the pers o n in the f irst of the f ollowing classes in which there is a survivor:

(b) T h e P ar t icipan t’s children in equal s har es , excep t t hat if any of t h e children predeceas e t h e P ar t icipan t wi t h s ur v i v ing i ss ue, t hen s uch i ss u e s hall t ak e b y righ t of repr es en t ati o n;

P aymen t to t h e B en ef iciary s hall co mpl et ely di s charg e Em pl o yer ’s ob ligati o n s to t h e P ar t icipan t and B en ef iciary under t hi s P lan.

T he P lan s hall be admini ste red by E mpl o y e r t hrough i ts aut ho ri ze d off i ce rs, w ho s hall h ave t h e au t h o ri t y to make, amend, in t erpr et and en fo r ce all appr o priat e rul es and regulati o n s for t h e admini st rati o n of t he P lan and de c ide or re so l ve , in t heir so l e di sc re t i o n, any and all que st i o ns, in c luding int e rpre t a t i o ns of t h e P lan, as m ay ari se in s uch admini st rati o n.

Em pl o yer may empl o y ag e n ts and delegat e to t hem s uch admini st rati ve du t i es as it sees f i t , and may co n s ul t wi t h co un s el wh o may be co un s el to Em pl o yer.

T h e deci s i o n or acti o n of E mpl o yer wi t h r es p ect to any qu est i o n ari s ing o u t of or in co nn ect i o n wi t h t he admini st ra t i o n, int e rpre t a t i o n and appli c a t i o n of t he P lan and t he rul es and regula t i o ns promulga te d hereunder s hall be f inal, co nclusi ve and b inding upon all pers o ns ha v ing any int e re st in t he P lan.

An y per so n claiming a b en ef i t ( “C laiman t” ) under t he P lan s hall pre se nt t he reque st in wri t ing to t he Bo ard.

(a) I nitial C laim Review . If t he c laim is wh o lly or partially deni e d, t he Bo ard will, wi t hin nine t y (90) day s ( o n e hundred eigh t y (180) day s in s pecial circum st an ces ) aft er t h e receip t

of s uch claim, pr ov id e t h e C laiman t wi t h wri tt en n ot i ce of t h e denial sett in g fo r t h in a manner calculated to be under stoo d by t h e C laiman t :

(ii) S pe c i f i c re fe renc e to pertinent pro v i s i o ns of t he P lan, rul es , pro ce dure s or pro toco l s upon whi c h t he Bo ard reli e d to deny t h e claim;

(iii) A description of any additional material or in f ormation that the Claimant may f ile to per f ect the claim and an explanation of why this material or in f ormation is necessary;

(iv) An explanati o n of t h e P lan ’s claim s r ev iew pr o cedur e and t h e t im e limi ts applicabl e to s uch pr o cedur e and a st atemen t of t h e C laiman t’s righ t to b ring a ci v il acti o n under Sect i o n 502(a) of ERISA fo ll o wing an ad v er se d et erminati o n up o n r ev iew.

If s pecial c ircum st an ces requir e an ex t en s i o n of t im e fo r pr ocess ing t h e c laim, t h e C laiman t will be n ot i f ied wi t hin t h e ini t ial 90 (nin et y) day r ev iew peri o d of t h e s pecial circum st an ces requiring t h e ex t en s i o n and t h e dat e by which t h e Bo ard exp ects to rend e r a deci s i o n.

(b) Review of C laim . If a c lai m for b en ef i ts is denied, in w ho l e o r in part, t he C laiman t may requ est to h ave t h e claim r ev i e wed. T h e C laiman t will ha ve s ix t y (60) day s aft er recei v ing n ot i ce of t h e ad v er se b en ef i t d et erminati o n in which to requ est a r ev iew. T h e requ est mu st be in wri t ing and deli ve red to t he Bo ard. If no s uch re v i e w is reque ste d, t he ini t ial de c i s i o n of t he Bo ard will be co nsidered f inal and b inding.

T he Bo ard ’s deci s i o n on r ev iew s hall be s en t to t h e C laiman t in wri t ing and s hall includ e s peci f i c reas o n s fo r t h e deci s i o n, wri tt en in a manner c alculated to be under stoo d by t h e C laiman t , a s w e ll a s s pe c i f i c re fe renc es to t he pertinent P lan pro v i s i o ns, rul es , pro ce dure s or pro toco l s upon which t h e Bo ard relied to deny t h e appeal. T h e Bo ard s hall co n s ider all in fo rmati o n s u b mi tt ed by t h e C laiman t , regardl ess of wh et her t h e in fo rmati o n was par t of t h e o riginal claim. T h e deci s i o n s hall al so includ e a st atemen t of t h e C laiman t’s right to b ring an a ct i o n under Sect i o n 502(a) of ERISA if t h e claim is denied on r ev iew.

T he Bo ard ’s de c i s i o n on re v i e w s hall be mad e n ot later t han s ix t y (60) day s ( o ne hundred t wen t y (120) day s in s pecial circum st an ces ) aft er i ts r e ceip t of t h e requ est fo r r ev iew. If s pecial c ircum st an ces requir e an ex te n s i o n of t im e for pr ocess in g , t h e C laiman t will be n ot i f ied wi t hin t h e ini t ial 60 ( s ix t y) day peri o d of t h e s pecial circum st an ces requiring t h e ex t en s i o n and t h e dat e by which t h e Bo ard exp ects to render a deci s i o n.

To t h e ex t en t permi tt ed by law, t h e deci s i o n of t h e clai ms off icial (i f n o r ev iew is pr o perly requ est ed) or t h e deci s i o n of t h e r ev i e w off i c ial on r ev iew, as t h e cas e may b e, s hall be f inal and b inding on all parti es . No l e gal a ct i o n for be ne f i ts under t he P lan s hall be bro ught unl ess and until t h e C laiman t has exhau st ed s uch C laiman t’s rem e di es under t hi s Sect i o n 9.1.

T h e Bo ard may, in i ts so l e di s cr et i o n and at any t ime, amend or t erminat e t h e P lan by a wri tt en in st rumen t s u b j ect to t h e fo ll o wing:

(a) No amendmen t or t erminati o n s hall ad v er s ely a ffect t h e b en ef i ts of P ar t icipan ts which h ave already accrued and vest ed, t h e b en ef i ts of any P ar t icipan t wh o had a S eparati o n from S er v i ce pri o r to t h e amendmen t or t erminati o n, or t h e b en ef i ts of any P ar t icipan t wh o has died; and

(b) An y amendmen t to , or t erminati o n of, t he P lan, including any c hang e in t he t iming or form of paymen t of b en ef i ts , including t h e tot al liquidati o n of t h e P lan, s hall co mply wi t h Co d e Sect i o n 409 A .

T hi s P lan is an unf unded plan maintained primarily to pro v ide de fe rred co mpensa t i o n be ne f i ts for a s el ect gr o up of “m anag em en t or highly co mpen s ated empl o y ees” wi t hin t h e meaning of Sect i o n s 201, 301, and 401 of ERISA, and t her efo r e is exemp t from t h e pr ov i s i o n s of P ar ts 2, 3 and 4 of T i t l e I of ERISA . The Bo ard may t erminat e t h e P lan and mak e n o f ur t her b en ef i t paymen ts or rem ove cer t ain empl o y ees as P ar t icipan ts if it i s d et ermined by t h e U ni t ed St at es D epar t men t of L ab o r, a co ur t of co mp et en t juri s di ct i o n, or an o pini o n of co uns e l t ha t t he P lan co n st i t ut es an empl o y ee pen s i o n b en ef i t plan wi t hin t h e meaning of Sect i o n 3(2) of ERISA which is n ot so exemp t .

P arti c ipant and hi s or her B en ef iciari es , heir s , s u ccesso r s , and as s ign s s hall h ave n o s ecured legal or equi t abl e righ ts , in t er est or claim s in any pr o per t y or assets of Em pl o yer, n o r s hall t hey be b en ef iciari es of, or ha ve any right s , c lai ms o r int e re sts in, any life in s uran ce p o lici es , annui t y co n t r acts or t h e pr o ceed s t her ef r o m o wned or which may be acquired by Em pl o yer. S uch p o lici es , annui t y co n t ract s or ot her as sets of E mpl o y e r s hall not be held in any t ru st for t h e b en ef i t of P ar t icipan t , hi s B en ef i c iari es , heir s , s u ccesso r s or as s ign s , or held in any way as co llateral s ecuri t y for t h e f ul f illing of t h e ob liga t i o ns of E mpl o y e r under t hi s P lan. An y and all of E mpl o yer ’s a ssets and po li c i es s hall be , and remain, t he g e neral, unpl e dg e d, unr est ri ct ed as sets of Em pl o y e r. Em pl o yer ’s ob ligati o n under t he P lan s hall be an unf unded and uns ec ured pr o mi se to pay m o ney in t h e f uture.

In i ts di s cr et i o n, t h e Em pl o yer may est a b li s h o n e (1) o r m o r e t ru sts , wi t h s uch t ru stees as t h e E mpl o y e r may appro ve , fo r t he purpo se of pro v iding fo r t he paym e nt of be ne f i ts o w e d under t hi s P lan. A l tho ugh s uch a t rus t s hall be irr evo cable, i ts as sets s hall be held for paymen t to E mpl o yer ’s general credi to rs in t he eve nt of ins o l ve ncy or b ankrupt c y. To t he e x te nt any be ne f i ts pro v ided under t hi s P lan wi t h r es p ect to an Em pl o yer ’s P arti c ipant s are paid from any s uch t rus t , t hat Em pl o yer s hall h ave n o f ur t her ob ligati o n to pay t hem. If n ot paid from t h e t ru st , s uch b en ef i ts s hall remain t h e ob ligati o n so lely of t h e Em pl o yer.

P ar t icipan t s hall n ot h ave any righ t to co mmu t e, s ell, a ss ign, t ran sf er, pledge, an t icipate, m o r t gag e or ot herwi se encum b er, t ran sf er, hyp ot hecat e or co n ve y in ad v an ce of actual receip t t h e am o un ts , if

any, paya b l e hereunder, or any part t here of , whi c h are, and all right s to whi c h are, e xpre ss ly de c lared to be una ss igna b l e and no n t ran sf erable. No par t of t h e am o un ts payabl e s hall, pri o r to actual paymen t ,

be s u b j ect to s eizur e or s equ est rati o n for t h e paymen t of any d ebts , judgmen ts , alim o ny or s eparat e main t enan ce o wed by P ar t icipan t , n o r s hall t hey be t ran sf erabl e b y o perati o n of law in t h e ev en t of P ar t icipant ’s b ankrupt c y or ins o l ve ncy.

Not wi t h st anding t h e ab ove paragraph, Em pl o yer may accelerat e t h e t im e for paying b en ef i ts to so m eo n e ot her t han t h e P ar t icipan t to t h e ex t en t n ecess ary to f ul f ill a d o m est i c rela t i o n s o rder (as de f ined in Co de Sect i o n 414(p)(1)( B )).

T hi s P lan s hall n ot co n st i t u te a co n t ract of empl o ymen t bet ween Em pl o yer and P ar t icipan t . Not hing in t hi s P lan s hall gi ve P ar t icipan t t h e righ t to be r et ained in t h e s er v i ce of Em pl o yer or to in t er f er e wi t h t h e righ t of Em pl o yer to di s ciplin e or di s charg e P ar t icipan t at any t ime.

A P ar t icipan t s hall coo perat e wi t h Em pl o yer b y f urni s hing any and all in fo rmati o n requ est ed by E mpl o y e r in o rder to f a c ili t at e t h e paymen t of b en ef i ts hereund e r, and by t aking s uch phy s ical examina t i o n s as Em pl o yer m ay d eem n ecess ary and t aking s u c h ot her acti o n as may be requ est ed by Em pl o yer.

T he pro v i s i o ns of t hi s P lan s hall be co ns t rued and int e rpre te d a cco rding to t h e law s of t h e St at e of C ali fo rnia excep t as preemp t ed by f ederal law.

If any pro v i s i o n of t hi s P lan is h e ld illegal or in v alid fo r any r e a so n, s aid illegality o r in v alidity s hall n ot affect t h e remaining par ts her eof , b u t t hi s P lan s hall be co ns t rued and enfo rc e d a s if s uch ill e gal and i nv alid pro v i s i o n had ne ve r bee n ins e rt e d herein.

T h e masculin e gender s hall includ e t h e f eminin e and t h e s ingular s hall includ e t h e plural, excep t wher e t h e co n t ex t expr ess ly di ct at es ot herwi s e.

T he pro v i s i o ns of t hi s P lan s hall b ind and inure to t he be ne f i t of E mpl o y e r and i ts s uc cesso rs and as s ign s . T h e t erm s u ccesso r s s hall includ e any co rp o rat e or ot her b u s in ess en t i t y which s hall, wh et her b y merger, co n so lidati o n, purcha se or ot herwi se , acquir e all or s u bst an t ially all of t h e b u s in ess and as sets of E mpl o y e r, and s uc cesso rs of any s uch co rpora t i o n or ot her b usine ss e nti t y.

Al l n ot i ces s hall be in wri t ing, and s hall be s u ff icien t ly gi v en if deli v ered to t h e E mpl o yer at i ts principal place of b u s in ess , or to t h e P ar t icipan t at hi s las t kn o wn addr ess as s h o wn in Em pl o yer ’s rec o rds, in pers o n, b y Fe deral E xpre ss or s imilar re ce ipt e d deli ve ry, o r, i f mail e d, post ag e prepaid, by ce rti fied mail, r et urn receip t requ est ed. T h e dat e of s uch mailing s hall be deemed t h e dat e of n ot ice, demand or co ns e nt.

Al l pr ov i s i o n s in t hi s d o cu m en t s hall be in t erpr et ed, to t h e ex t en t p oss i b le, to be co mplian t wi t h Co d e Sect i o n 409 A. Ho w ev er, in t h e ev en t any pr ov i s i o n of t hi s P lan is d et ermined to n ot be in co mplianc e wi t h Co de Sect i o n 409 A and any regula t i o ns or ot her guidanc e promulga te d t hereunder, s uch pro v i s i o n s hall be null and vo id to t he e x te nt of s uch no nc o mplianc e .

T hi s P lan co n st i t u tes t h e en t ir e under st anding and agreemen t wi t h r es p ect to t h e s u b j ect mat t er co n t ained herein. T her e ar e n o agreemen ts , under st anding s , r est ri ct i o n s , repr es en t ati o n s or warran t i es am o ng any P ar t icipan t and Em pl o yer per t aining to t h e s u b j ect mat t er her eof , ot her t han t h ose as set fo r t h or pro v ided for herein.

		Fogo de Chão (Holdings), Inc.,
		a Delaware corporation

		By:

		Its


		Dated:

Delaware	001-37450	45-5353489
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

14881 Quorum Drive, Suite 750 Dallas, TX		75254
(Address of Principal Executive Offices)		(Zip Code)

	Exhibit				Description
	10.1				Fogo de Chão (Holdings), Inc. Deferred Compensation Plan

	Fogo de Chao, Inc.

Date: July 7, 2016	By:	/s/ Michael Prentiss
		Michael Prentiss
		Secretary

	Exhibit				Description
	10.1				Fogo de Chão (Holdings), Inc. Deferred Compensation Plan

		PAGE
ARTICLE V — EARNING S		6
5.1	E arnings on A ccounts	6
5.2	Statement of Acco unts	6
ARTICLE VI — DISTRIBUTION S FRO M THE PLAN		6
6.1	Be ne f i t upon Se para t i o n from Serv i ce	6
6.2	S cheduled Wi t hdrawal from P ar t icipan t Def erral Acco un t	7
6.3	B en ef i t up o n D eath	8
6.4	D i st ri b uti o ns from E mpl o y e r Co ntri b uti o n Acco unt s	8
6.5	Fi nancial H ardship D i st ri b uti o n	8
6.6	S mall B en ef i t	8
6.7	D elayed P aymen ts	9
6.8	Wi t hholding and P ay ro ll T ax es	9
6.9	P aymen t to G uardian	9
ARTICLE VII — BENEFI C IARY DESIGNATION		9
7.1	B en ef iciary Des ignati o n	9
7.2	C hanging Be ne f i c iary	9
7.3	N o B en ef iciary D esignation	10
7.4	Eff ect of P ayment	10
ARTICLE VIII — ADMINISTRATION		10
8.1	Ad mini st rati o n	10
8.2	Ag en ts	10
8.3	B inding Eff ect of D ecisions	10
ARTICLE IX —C LAIMS PRO C EDURE		10
9.1	C laim P r o cedur es	10
ARTICLE X — AMENDMENT AND TER M INATION OF PLAN		11

		PAGE
ARTICLE XI — MI SC ELLANEOU S		12
11.1	Unf unded P lan	12
11.2	U ns ec ured Ge neral C redi to r	12
11.3	T rus t Fund	12
11.4	Non a ss ignabili t y	12
11.5	N ot a Contract of Em ployment	13
11.6	P ar t icipan t Coo perati o n	13
11.7	G overning L aw	13
11.8	Val i d i t y	13
11.9	Ge nder	13
11.10	S u ccesso r s	13
11.11	Not i ces	13
11.12	Co mplian ce wi t h Co d e Sect i o n 409 A	14
11.13	En tire Ag reement	14