JACK IN THE BOX INC /NEW/
FIRST AMENDMENT DATED AUGUST 2, 2002
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<TYPE>EX-10.5.1
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<DESCRIPTION>FIRST AMENDMENT DATED AUGUST 2, 2002
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 <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B><U>Exhibit 10.5.1</U> </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>AMENDMENT TO THE JACK IN THE BOX INC. CAPITAL ACCUMULATION PLAN FOR EXECUTIVES </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000">THIS AMENDMENT to the Jack in the Box Inc. Capital Accumulation Plan for Executives is adopted effective as of August 2, 2002. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Notwithstanding any provision of the Jack in the Box Inc. Capital Accumulation Plan for Executives, as amended and restated effective as of June 1, 2001, (the
&#147;CAPE&#148;) to the contrary, the CAPE is hereby amended as follows: </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">1.&nbsp;&nbsp;&nbsp;&nbsp;Effective as
of January 1, 2003, installment payments from the CAPE to Ken Williams (the &#147;Participant&#148;) shall be made in accordance with the terms and conditions of the CAPE, except that, the calculation of the earnings on any unpaid balance of the
Participant&#146;s CAPE account shall be determined using the Moody&#146;s rate for the thirty-six (36) month period ending December 31, 2002 increased by two percent (2%). </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.&nbsp;&nbsp;&nbsp;&nbsp;Except as modified by this Amendment, all the terms and provisions of the CAPE, as previously amended and restated effective as of June 1, 2001,
shall continue in full force and effect. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">This amendment is executed effective as of the date set forth above at
San Diego, California. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3" WIDTH="37%"> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">PLAN ADMINISTRATIVE COMMITTEE</FONT></DIV> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">FOR THE JACK IN THE BOX INC.</FONT></DIV>
<DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">CAPITAL ACCUMULATION PLAN FOR</FONT></DIV> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">EXECUTIVES</FONT></DIV> </TD> </TR>
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<TD VALIGN="top" WIDTH="2%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">By:</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" WIDTH="37%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">CARLO E. CETTI</FONT></DIV> <HR SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"></TD> </TR>
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<TD VALIGN="top" COLSPAN="3" WIDTH="37%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">On behalf of the Plan Administrative Committee</FONT></DIV> </TD> </TR>
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