Exhibit 10.11
CANTERBURY PARK HOLDING CORPORATION
1995 EMPLOYEE STOCK PURCHASE PLAN
1. Establishment of Plan. Canterbury Park Holding Corporation (hereinafter referred to as the "Company")
proposes to grant to certain employees of the Company the opportunity to purchase common stock of the
Company. Such common stock shall be purchased pursuant to the plan herein set forth which shall be known as
the "CANTERBURY PARK HOLDING CORPORATION 1995 EMPLOYEE STOCK PURCHASE
PLAN" (hereinafter referred to as the "Plan"). The Company intends that the Plan shall qualify as an "Employee
Stock Purchase Plan" under Section 423 of the Internal Revenue Code of 1954, as amended, and shall be
construed in a manner consistent with the requirements of said Section 423 and the regulations thereunder.
2. Purpose. The Plan is intended to encourage stock ownership by all employees of the Company and to provide
them with further incentive to continue their employment, improve operations, increase profits, and contribute
more significantly to the Company's success.
3. Administration. The Plan shall be administered by a committee (hereinafter referred to as the "Committee")
consisting of not less than three directors or employees of the Company (which may be the Compensation
Committee if any is established by the Board of Directors), as designated by the Board of Directors of the
Company (hereinafter referred to as the "Board of Directors"). The Board of Directors shall fill all vacancies in
the Committee and may remove any member of the Committee at any time, with or without cause. The
Committee shall select its own chairman and hold its meetings at such times and places as it may determine. All
determinations of the Committee shall be made by a majority of its members. Any decision which is made in
writing and signed by a majority of the members of the Committee shall be effective as fully as though made by a
majority vote at a meeting duly called and held. The determinations of the Committee shall be made in
acc