JACK IN THE BOX
                              Amended And Restated
                             PERFORMANCE BONUS PLAN
 
 
A.       PURPOSE
 
         The purpose of the Jack in the Box Performance Bonus Plan (The "Plan")
         is to encourage the future loyalty of certain key employees, executives
         and officers by providing annual bonus incentives which are aligned
         with Company performance and qualify as performance-based compensation
         within the meaning of Section 162 (m) of the Internal Revenue Code.
 
B.       EFFECTIVE DATE
 
         This Plan shall be effective as of October 2, 2000. The Plan will be
         effective for each subsequent fiscal year unless modified or
         terminated.
 
 
C.       ELIGIBILITY
         To become a Participant in the Plan, an employee must meet the
         qualifications of sub-paragraphs 1, 2, 3, and 4 below, as well as any
         other eligibility requirements set forth in the Plan.
 
         1.   The employee must be an active employee of the Company or its
              affiliates, for six (6) or more consecutive full accounting
              periods during the fiscal year.
 
         2.   The employee must be classified in a Director position or above
              during the fiscal year.
 
         3.   The employee must not be eligible to participate in any other
              annual performance bonus plan offered by the Company or its
              affiliates.
 
         4.   The employee must have a performance rating of "Satisfactory" or
              better on their most recent performance appraisal as of the time
              any distribution is scheduled to be made under the Plan as
              determined by the employee's immediate supervisor.
 
 
D.       ADMINISTRATION
 
         The Plan shall be administered by a Committee consisting of at least
         two members of the Board of Directors of the Company who are "outside
         directors" within the meaning of Section 162(m) (the "Committee"). The
         Committee shall establish and administer performance goals and
         determine the time and the form and manner in which awards may be made.
         The Committee shall have the power and authority at any time to adopt,
         modify, or eliminate eligibility and other rules and regulations for
         the administration of the Plan.
 
 
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E.       BONUS DETERMINATION
 
         Performance goals are established annually by the Committee consistent
         with the requirements of Section 162(m). The Committee shall select one
         or more criteria from among the following business criteria: Earnings
         Before Taxes (EBT), Earnings Before Interest, Taxes, Depreciation and
         Amortization (EBITDA), Net Earnings, Earnings Per Share (EPS),
         Return-on-Invested-Capital, Return-on-Assets, or Return On Equity, or
         any other related financial measure. The Committee shall establish both
         (i) objective performance goals based on the foregoing criteria and
         (ii) the formula to be followed in calculating any bonus payable with
         respect thereto, within ninety (90) days of the beginning of each
         fiscal year of the Company (or such shorter time period as may be
         required under Section 162(m) and in any event while the achievement of
         performance goals remains substantially uncertain within the meaning of
         Section 162(m). At the end of the fiscal year and prior to any payment
         under the Plan, the Committee must certify in writing that a specific
         performance goal was attained. Each Participant may receive an award
         only for the specific performance goal attained and approved by the
         Committee.
 
         Participants may be eligible to receive a lump sum cash award, based on
         a specified percentage of salary which is determined by the
         accomplishment of corporate goals, as established annually by the
         Committee.
 
 
F.       MAXIMUM INDIVIDUAL BONUS
 
         Notwithstanding any other provision of the Plan, no Participant shall
         receive any award or combination of awards under the Plan for any
         fiscal year in excess of $3 million.
 
G.       AWARD DISTRIBUTION
 
         It is anticipated that Participants may receive a lump sum cash
         distribution, if any is to be made, no later than January 5th following
         the end of the fiscal year for which the award is intended. No
         Participant has a vested right to any lump sum cash distribution under
         this Plan and no cash bonus award will be considered earned until it is
         actually distributed to the Participant.
 
 
H.       LESS THAN FULL YEAR PARTICIPATION
 
         Subject to the provisions of Sections I., J., and K., an employee
         who becomes a Participant (or who becomes ineligible to participate) in
         accordance with Section C. for a portion of the fiscal year, will
         receive a pro-rata award based on a fraction, the numerator of which is
         the number of full accounting periods during the fiscal year the
         employee was a Participant, and the denominator of which is
         thirteen (13).
 
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I.       PROMOTIONS
 
         Subject to the eligibility requirements in section C:
 
         1.       If an employee is promoted into a position covered by this
                  Plan during the fiscal year and is eligible to become a
                  Participant, the Participant may receive a pro-rata award as
                  provided in section H using the Participant's annualized base
                  salary on the last day of the fiscal year.
 
         2.       If a Participant is promoted to another position covered by
                  this Plan during the fiscal year, any bonus award will be
                  pro-rated using the percentage applicable to each position
                  level of the Participant during the fiscal year, using the
                  Participant's annualized base salary in effect for the last
                  day worked in each position level.
 
J.       DEMOTIONS
 
         Subject to the eligibility requirements in section C:
 
         1.       If a Participant is demoted during the fiscal year to a
                  position not covered by this Plan, the Participant may receive
                  a pro-rata award as provided in section H., using the
                  Participant's annualized base salary immediately prior to the
                  effective date of the demotion.
 
         2.       If a Participant is demoted to another position covered by
                  this Plan during the fiscal year, any bonus award will be
                  pro-rated using the percentage applicable to each position
                  level of the Participant during the fiscal year, using the
                  Participant's annualized base salary in effect for the last
                  day worked in each position level.
 
K.       TERMINATION OF A PARTICIPANT
 
         1.       In the event of termination during the fiscal year and the
                  Participant is eligible to retire under a Company sponsored
                  retirement plan, or due to death or total and permanent
                  disability (as defined in the Company's Long Term Disability
                  Plan), the Committee will, for an otherwise qualified
                  Participant who meets the requirements of Section C. 3 and 4,
                  allot a pro-rata award as provided in section H. Determination
                  of any award will be made at the conclusion of the fiscal
                  year.
 
         2.       In all other cases, a Participant whose employment terminates
                  voluntarily or involuntarily prior to the end of the fiscal
                  year, will not be eligible to receive an award. If termination
                  occurs after the end of the fiscal year, but before
                  distribution of the cash award, the Committee reserves the
                  right in its absolute discretion to determine if any award
                  will be made.
 
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L.       PLAN REVISION
 
         The Board of Directors or the Committee thereof, upon determining that
         the purpose and intent of the Plan is not being fulfilled, may
         terminate, alter, suspend or amend the Plan at any time as deemed
         necessary to further the best interests of the Company and such actions
         may be effective for any fiscal year and with respect to any
         distributions which have not been made. Amendments during the fiscal
         year will be effective immediately and retroactively unless otherwise
         stated. Notwithstanding the above, no amendment may be effective
         without Board of Directors and/or shareholder approval if such approval
         is required in order to comply with Section 162(m).
 
M.       EMPLOYMENT DURATION/EMPLOYMENT RELATIONSHIP
 
         This Plan does not, and the policies and practices of Jack in the Box
         Inc. or its affiliates in administering this Plan will not, constitute
         a contract or other agreement concerning the duration of any
         Participant's employment with Jack in the Box Inc. or its affiliates.
         The employment relationship of each Participant is "at will" and may be
         terminated at any time by Jack in the Box Inc. or its affiliates or by
         the Participant with or without cause. A Participant who accepts any
         cash distribution is agreeing that the Participant's employment is "at
         will".
 
N.       SECTION 162(m) CONDITIONS; BIFURCATION  OF PLAN
 
         It is the intent of the Company that the Plan and the awards paid under
         the Plan to Participants who are or may become persons whose
         compensation is subject to Section 162(m), satisfy any applicable
         requirements of Section 162(m). Any provision, application or
         interpretation of the Plan inconsistent with this intent shall be
         disregarded. The provisions of the Plan may be bifurcated by the Board
         or the Committee at any time so that certain provisions of the Plan, or
         any award, required in order to satisfy the requirements of Section
         162(m) are only applicable to Participants whose compensation is
         subject to Section 162(m).
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