EMPLOYMENT AGREEMENTEmployment Agreement • February 9th, 2021 • Carrols Restaurant Group, Inc. • Retail-eating places • Delaware
This Employment Agreement (“Agreement”), dated as of February 9, 2021 and effective for all purposes as of the Effective Date, is by and among CARROLS RESTAURANT GROUP, INC., a Delaware corporation (“Parent”) with an address at 968 James Street, Syracuse, New York 13203, and CARL HAUCH (“Employee”):
RESTRICTED STOCK INDUCEMENT AWARD AGREEMENTRestricted Stock Inducement Award Agreement • February 9th, 2021 • Carrols Restaurant Group, Inc. • Retail-eating places • Delaware
CARROLS RESTAURANT GROUP, INC. (the “Company”) hereby grants to Carl Hauch (the “Participant”) in accordance with and subject to the terms and conditions of this Restricted Stock Inducement Award Agreement (the “Agreement”) dated as of ____, 2021, a Restricted Stock Inducement Award (the “Award”), pursuant to and evidencing the grant thereof by the Compensation Committee of the Board of Directors of the Company on ___, 2021 (the “Award Date”) of 250,000 shares of common stock, par value $.01 per share, of the Company (the “Shares”). The Award is granted outside of the terms of the Company's 2016 Stock Incentive Plan, as amended (the "Plan") and the share reserve thereunder, as an inducement award pursuant to NASDAQ Listing Rule 5635(c)(4). Subject to the terms and conditions herein, the Award will otherwise be subject to the terms and conditions set forth in the Plan (as amended from time to time as permitted by the Plan) and will be governed as if it has been granted under the Plan. T
