Cabelas 8-K Cabela’s Inc. Announces Appointment of

Exhibit 10.1

CABELA'S INCORPORATED

SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION

Annual Retainer	$  22,500
Meeting Fees:
Participation in person	$   2,500
Telephonic participation	$   1,000
Committee Meeting Fees
Participation in person (other than the day of board meeting)	$   1,500
Telephonic participation (other than the day of board meeting)	$     500
In person or telephonic participation on day of board meeting	$        0
Committee Chair Retainer
Audit committee	$  10,000
Other committees	$         0

Expense Reimbursement	Reasonable expenses incurred to attend boardand committee meetings
Stock Options (granted at fair market value on date of grant)
Upon election/appointment to board	2,000 (1 year vesting)
Annually thereafter	2,000 (1 year vesting)
Upon retirement within one year of IPO	2,000 (immediately vested)
(if a director at the time of IPO)