Second Amendment to Employment Agreement between Checkers Drive-In Restaurants, Inc. and Adam Noyes
This amendment updates the employment agreement between Checkers Drive-In Restaurants, Inc. and Adam Noyes. Effective September 15, 2005, Adam Noyes' annual salary is increased to $225,000. The amendment also confirms that Checkers has validly exercised the first renewal option in the original agreement. All other terms of the original employment agreement remain unchanged and in effect.
AMENDMENT NO.2
TO EMPLOYEMENT AGREEMENT BETWEEN
CHECKERS DRIVE-IN RESTAURANTS, INC., A DELAWARE
CORPORATION AND ADAM NOYES
THE HEREIN AGREEMENT hereby modifies that certain Employment Agreement by and between Checkers Drive-In Restaurants, Inc. (“Checkers”), and Adam Noyes (the “Executive”) dated September 19, 2003, as follows:
| 1) | Effective September 15, 2005 the Annual Salary under Paragraph 3.1 of the Employee Agreement is increased to TWO HUNDRED TWENTY FIVE THOUSAND DOLLARS ($225,000.00) annually. |
| 2) | The first renewal option under the Employment Agreement is acknowledged to have been validly exercised by Checkers. |
| 3) | Except for the specific modifications hereto, the parties hereto mutually affirm all the other terms of the Employment Agreement dated September 19, 2003, remain in full force and effect. |
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the 13th day of October, 2005.
Checkers Drive-In Restaurants, Inc., a Delaware Corporation
| /s/ Peter O’ Hara |
| Peter O’ Hara, Chairman of the Board of Directors |
EXECUTIVE
| /s/ Adam Noyes |
| Adam Noyes |
