PERFORMANCE UNIT AWARD AGREEMENT
PAPA JOHN’S INTERNATIONAL, INC.
1999 TEAM MEMBER STOCK OWNERSHIP PLAN
THIS PERFORMANCE UNIT AWARD AGREEMENT (the “Award Agreement”) is made and entered
into as of (the “Grant Date”), by and between Papa John’s International, Inc., a Delaware
corporation (the “Company”), and (“Participant”).
WHEREAS, the Board of Directors of the Company (the “Board of Directors”) has adopted, and the
stockholders of the Company have approved, the Papa John’s International, Inc. 1999 Team Member Stock
Ownership Plan (the “Plan”), pursuant to which the Company may grant awards of Performance Units, as
defined under the Plan, to employees of the Company and its subsidiaries and certain other persons, all as
provided under the Plan; and
WHEREAS, the Company desires to grant to Participant a Performance Unit award under the terms of the Plan;
NOW, THEREFORE, pursuant to the Plan, the Company and Participant agree as follows:
1. Grant of Award . The Company hereby grants to Participant the Performance Unit award described in this
Award Agreement (the “Award”).
2. Award Subject to Plan . This Award is granted under and is expressly subject to all the terms and
provisions of the Plan, which terms are incorporated herein by reference. In the event of any conflict between or
among any provisions of this Award Agreement and any provisions of the Plan, the Plan provisions will control.
Any capitalized terms not otherwise defined herein shall have the meaning given them in the Plan. Participant
hereby acknowledges receipt of a description or copy of the Plan prior to executing this Award Agreement.
3. Performance Period . The performance period for the Award is the three (3)-year period commencing
, and ending (the “Performance Period”).
4. Performance Unit Award .
(a) General . Participant’s target Performance Unit Award opportunity for the Performance