EX-10.3 FORM OF RETENTION BONUS AGREEMENT
NOODLES & Co
Noodles & Company
520 Zang St., Suite D
Broomfield, Colorado 80021
[________], 2025
Confidential
[__]
[__]
[__]
Re: Retention Bonus
Dear [__]:
Noodles & Company (the “Company”) is pleased to advise you that you are eligible to receive a retention bonus in the amount of $[_____] (the “Retention Bonus”) in recognition of your contributions to the Company and ongoing efforts towards the Company’s potential completion of a strategic transaction. The Retention Bonus is to be paid in the event of a successful sale of the Company or going private transaction (defined as a “Change in Control” as set forth in Exhibit Ato this letter (this “Letter”)) and on the other terms and conditions outlined below.
We ask that you review the Letter and return a signed copy acknowledging and accepting these terms and conditions in order to confirm your eligibility to receive the Retention Bonus. I look forward to our continued efforts together [to strengthen our Company and transform its future].
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