CKE RESTAURANTS, INC.
AMENDMENT NO. 4
This Amendment No. 4 (the “Amendment”) to Employment Agreement is entered into as of January 28,
2010 and effective on the earlier of April 15, 2010, or seven days after the filing of the Company’s Form 10-K
for Fiscal 2010, by and between CKE Restaurants, Inc. (the “Company”) and Theodore Abajian (the
A. The Company and the Employee entered into an Employment Agreement, dated as of January
2004, and amended on December 6, 2005, October 12, 2006 and December 16, 2008 (collectively, the
B. The Company and the Employee now desire to further amend the Agreement as set forth
C. The primary purposes of this Amendment will be to (i) extend the annual cash bonus formula
for Fiscal 2011, (ii) reallocate Performance Shares from performance-based vesting to time-based vesting for the
grants on October 12, 2009 and 2010, (iii) establish new vesting criteria for all Performance Shares which have
not vested based upon the Company’s performance through Fiscal 2010, whether theretofore or thereafter
granted, and (iv) restrict the sale of the grants referenced in (ii) above until January 30, 2014. All Performance
Shares granted prior to the completion of Fiscal 2010 will vest in accordance with the existing terms of the
Agreement through Fiscal 2010.
Other Compensation and Fringe Benefits . Section 4(e) is hereby amended to extend the bonus
provided for therein to fiscal year 2011.
Other Compensation and Fringe Benefits. Section 4, Clause (f) of the Agreement, and the Exhibits
referenced therein, are hereby amended and restated in their entirety as follows:
“(f) Restricted Shares .
(i) Employee shall be granted, subject to items (iii) and (iv) below, “restricted shares” as
provided on Exhibits A and B attached hereto. The “restricted shares” prov