1. Dennis H. Nelson, currently employed by The Buckle, Inc. ("Company") of Kearney, Nebraska, will be paid
an annual salary of $575,000 for so long as the employee is employed by the Company during the fiscal year
ending January 29, 2000.
2. In addition to the salary outlined in paragraph 1, above, a "Cash Award" for the above fiscal year will be paid
to you provided you are employed by the Company on the last day of such fiscal year. Your Cash Award will be
calculated based upon the Company's growth in Pre-Bonus Net Income over the previous year. You are
designated a Level I Executive. The incentive multiple level based on the percentage of change in Pre-Bonus Net
Income is tied to your base salary. The multiples for your fiscal 1999 cash award will be calculated as follows:
No payment of a Cash Award for the year may be made until the Company's Pre-Bonus Net Income for the
year is certified by the Compensation Committee. You shall not be entitled to receive payment of a Cash Award
unless you are still in the employ of (and shall not have delivered notice of resignation to) the Company on the last
day of the fiscal year for which the Cash Award is earned.
The Cash Award will be paid on or before April 15 following the close of the fiscal year. For calculating this
Cash Award, "Pre-Bonus Net Income" shall be defined as the Company's net income from operations after the
deduction of all expenses, excluding administrative and store manager percentage bonuses and excluding income
taxes, but including draws against such bonuses. Net income from operations does not include earnings on cash
investments. For this purpose, net income shall be computed by the Company in accordance with the Company's
normal accounting practices, and the Company's calculations will be final and conclusive.
3. Restricted Stock will be granted based upon a percentage of the Cash Award and the fair market value of the
Company's stock on the date of certification by the Compensation Commi