Document:

Form of Employment Agreement, Daniel T. Accordino

 Exhibit 10.29 
 FORM OF 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (“Agreement”), dated as of             , 2006, by and among CARROLS RESTAURANT GROUP, INC., a Delaware corporation
(“Parent”) with an address at 968 James Street, Syracuse, New York 13203, CARROLS CORPORATION (“Employer”), a Delaware corporation and a wholly-owned subsidiary of Parent with an address at 968 James Street, Syracuse, New York
13203, and DANIEL T. ACCORDINO whose principal residence is 6556 Ridgewood Drive, Naples, Florida 34108 (“Employee”): 
 W I T N E S
S E T H: 
 WHEREAS, Employee has been and is presently employed by Employer as its President and Chief Operating Officer pursuant to the
terms of the Second Amended and Restated Employment Agreement, dated as of March 27, 1997, between Employer and Employee, as amended and extended pursuant to an Extension of Employment Agreement, dated April 1, 2002, as further extended
pursuant to a Second Extension of Employment Agreement, dated November 11, 2004 and as further extended pursuant to a third Extension of Employment Agreement, dated as of May 3, 2005 (together, the “Prior Employment Agreement”);

 WHEREAS, the parties have agreed that Parent, Employer and Employee shall enter into this Agreement which, effective as of the Effective
Date (as defined herein), shall supersede in its entirety the Prior Employment Agreement; and 
 WHEREAS, as of the Effective Date, Parent
and Employer desire to continue to engage Employee to perform services for Employer, Parent, and any present or future parent, subsidiary or affiliate of Employer or Parent, and their successors and assigns (the “Companies”) and Employee
desires to perform such services, on the terms and conditions hereinafter set forth; 
 NOW, THEREFORE, in consideration of the mutual
covenants and agreements herein set forth and other good and valuable consideration, the receipt and adequacy of which is mutually acknowledged, it is agreed by and between the parties as follows: 
 1. DEFINITIONS 
 For purposes of this
Agreement, unless the context requires otherwise, the following words and phrases shall have the meanings indicated below: 
 “Change of
Control” shall mean and shall have occurred or be deemed to have occurred only if any of the following events occurs: 
 (a) The
acquisition, directly or indirectly, by any person or group (as those terms are defined in Sections 3(a)(9), 13(d) and 14(d) of the Securities Exchange Act and the rules thereunder) of beneficial ownership (as determined pursuant to Rule 13d-3 under
the Exchange Act) of securities entitled to vote generally in the election of directors (voting securities) of Parent that represent 50% or more of the combined voting power of Parent’s then outstanding voting securities, other than:

 (i) An acquisition by a trustee or other fiduciary holding securities under any employee
benefit plan (or related trust) sponsored or maintained by Parent or any person controlled by Parent or by any employee benefit plan (or related trust) sponsored or maintained by Parent or any person controlled by Parent; or 
 (ii) An acquisition of voting securities by Parent or a corporation owned, directly or indirectly by all of the stockholders of Parent in
substantially the same proportions as their ownership of the stock of Parent. 
 Notwithstanding the foregoing, the following event shall not constitute an
acquisition by any person or group for purposes of this subsection (a): an acquisition of Parent’s securities by Parent which causes Parent’s voting securities beneficially owned by a person or group to represent 50% or more of the
combined voting power of Parent’s then outstanding voting securities; provided, however, that if a person or group shall become the beneficial owner of 50% or more of the combined voting power of Parent’s then outstanding
voting securities by reason of share acquisitions by Parent as described above and shall, after such share acquisitions by Parent, become the beneficial owner of any additional voting securities of Parent, then such acquisition shall constitute a
Change of Control; or 
 (b) individuals who, as of the Effective Date, constitute the Board of Directors of Parent (as of the Effective
Date, the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors of Parent, provided that any person becoming a director subsequent to the Effective Date whose election, or nomination for
election by Parent’s stockholders, was approved by a vote of at least a two-thirds of the directors then comprising the Incumbent Board (other than an election or nomination of an individual whose initial assumption of office is in connection
with an actual or threatened election contest relating to the election of the directors of Parent) shall be, for purposes of this Agreement, considered as though such person were a member of the Incumbent Board; or 
 (c) The consummation by Parent (whether directly involving Parent or indirectly involving Parent through one or more intermediaries) of (i) a
merger, consolidation, reorganization, or business combination, or (ii) the acquisition of assets or stock of another entity, in each case other than a transaction: 
 (A) Which results in Parent’s voting securities outstanding immediately before the transaction continuing to represent (either by
remaining outstanding or by being converted into voting securities of Parent or the person that, as a result of the transaction, controls, directly or indirectly, Parent or owns, directly or indirectly, all or substantially all of Parent’s
assets or otherwise succeeds to the business of Parent (Parent or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s outstanding voting securities
immediately after the transaction; and 
 (B) After which no person or group beneficially owns voting securities representing
50% or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this clause (B) as beneficially owning 50% or more of combined voting power of the Successor
Entity solely as a result of the voting power held in Parent prior to the consummation of the transaction; or 
  

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 (d) a sale or disposition of all or substantially all of Parent’s assets; or 
 (e) The Company’s stockholders approve a liquidation or dissolution of the Company. 
 “Cause” shall mean: (i) the commission by Employee of a felony; (ii) the unauthorized disclosure of confidential proprietary
information of Parent, Employer or any of the Companies which disclosure Employee knows or reasonably should have known would be reasonably likely to result in material damage to Parent or Employer; (iii) the breach by Employee of any material
provision of this Agreement, which breach, if curable, is not remedied within thirty (30) days after Employee’s receipt of written notice thereof provided, however, that Employer need not permit Employee to cure any breach which has been
the subject of a prior written notice; (iv) the engagement in material self dealing in breach of fiduciary duties with respect to Parent’s or Employer’s assets or properties unless disclosed to and approved by the disinterested
members of the Board of Directors of Parent; (v) an act of gross misconduct in connection with Employee’s duties hereunder; or (vi) chronic alcohol or drug abuse rendering Employee incapable of carrying out his duties hereunder as
determined in good faith by the Board of Directors of Parent continuing after Employee is given a reasonable opportunity to obtain medical or other appropriate treatment or rehabilitation. 
 “Effective Date” shall mean the date that the Registration Statement is declared effective by the Securities and Exchange Commission.

 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 “Good Reason” shall mean (i) the material failure of Employer to comply with the provisions of this Agreement which failure shall not
cease promptly and in no event more than thirty (30) days after Employer’s receipt of written notice from Employee objecting to such conduct; (ii) any termination by Parent or Employer of Employee’s employment other than as
expressly permitted in this Agreement; or (iii) the assignment to Employee of duties and responsibilities materially inconsistent with those duties and responsibilities customarily assigned to individuals holding the position of President and
Chief Operating Officer of a company of comparable size or the substantial reduction by Parent or Employer of Employee’s duties and responsibilities and, if curable, not remedied by Employer within 30 days after receipt of written notice.

 “Registration Statement” shall mean Parent’s Registration Statement on Form S-1 (Registration No. 333-137524), filed
with the Securities and Exchange Commission under the Securities Act of 1933, as amended, with respect to the initial public offering of Parent’s common stock. 
 2. REPRESENTATIONS AND WARRANTIES 
 Employee represents and warrants that he is not subject to any
restrictive covenants or other agreements or legal restrictions in favor of any person which would in any way preclude, inhibit, impair, limit or be violated by his employment hereunder or the performance of his duties, as contemplated herein.

  

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 3. EMPLOYMENT 
 Employer hereby employs Employee and Employee accepts such employment as President and Chief Operating Officer of Employer. Employee shall also serve as President and Chief Operating Officer of Parent. As its
President and Chief Operating Officer, Employee shall render such services to Parent and Employer as are customarily rendered by the President and Chief Operating Officer of comparable companies and as required by the certificate of incorporation
and by-laws of Parent. During the Term, Employee shall be elected to and shall serve, if so elected, as a member of the Board of Directors of Parent and Employer and may be elected and shall serve, if so elected, as a member of the Board of
Directors of any of the other Companies as may from time to time be prescribed by the Board of Directors of Parent or Employer. Employee accepts such employment and, consistent with fiduciary standards which exist between an employer and an employee
shall perform and discharge the duties that may be assigned to him from time to time by Parent or Employer in an efficient, trustworthy and businesslike manner. It is specifically agreed that nothing in this Agreement shall prohibit Employee from
(i) serving on corporate, civic or charitable boards or committees; (ii) engaging directly or indirectly, in activities with other public or private companies or ventures; or (iii) making investments in any capacity whatsoever,
provided only that, such activities or any of them do not impair Employee’s performance of his duties or otherwise violate or result in a breach of the terms and provisions of Section 11 hereof. 
 4. PLACE OF EMPLOYMENT 
 During the Term,
Employee shall render services where and as reasonably required by Parent or Employer. In conformance with the foregoing and not in limitation thereof, Employee agrees to take such trips as shall be consistent with or reasonably necessary in
connection with his duties. Employer shall furnish Employee at Employer’s principal office with an office and secretarial help and such other assistance, facilities and services consistent with Employee’s position and necessary for the
adequate performance of his duties. 
 5. TERM 
 Subject to the provisions of Section 10 hereof, the term of this Agreement shall commence on the Effective Date and shall expire on December 31, 2008 (the “Initial Term”). This Agreement shall be
automatically renewed for successive twelve (12) month periods on all the remaining terms and conditions set forth herein, unless either party elects not to renew this Agreement by giving written notice to the other at least ninety
(90) days before a scheduled expiration date. The Initial Term of this Agreement together with any such renewals are collectively referred to herein as the “Term.” 
 6. COMPENSATION 
 (a) As compensation for all
services rendered and to be rendered by Employee hereunder and the fulfillment by Employee of all of his obligations herein, Employer shall pay Employee, during the term, a base salary (the “Base Salary”) at the rate of $500,000 per annum

  

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 (prorated for periods that are less than one year) payable in accordance with Employer’s customary payroll
practices. Employee’s base salary shall be subject to an annual increase at the sole discretion of the Compensation Committee of the Board of Directors of Parent. 
 (b) Employee will participate in the Executive Bonus Plan of Employer (the “Executive Bonus Plan”). Notwithstanding any provision contained herein or in the Executive Bonus Plan to the contrary, no amendment
to the Executive Bonus Plan shall have a material adverse impact on Employee. If the Executive Bonus Plan is discontinued, Employer agrees to establish a plan which will provide similar potential benefits based upon similar performance measurements
to Employee. 
 (c) Employee will also be eligible to participate in all phantom and/or actual stock option or other equity incentive
programs applicable to executive employees as determined by the Compensation Committee of the Board of Directors of Parent in its sole discretion. 
 (d) Employer shall deduct from the compensation described in (a), (b) and (c) above, any federal, state or city withholding taxes, social security contributions and any other amounts which may be required to be deducted or
withheld by Employer pursuant to any federal, state or city laws, rules or regulations. 
 (e) Any compensation otherwise payable to Employee
pursuant to this Section in respect of any period during which Employee is disabled (as contemplated in Section 10) shall be reduced by any amounts payable to Employee for loss of earnings or the like under any insurance plan or policy the
premiums for which are paid for in their entirety by Employer. 
 7. BUSINESS EXPENSES 
 (a) Employer shall pay, on behalf of Employee, or reimburse Employee, for all dues to professional societies and other organizations as are customarily
joined by individuals holding the position of President and Chief Operating Officer of businesses similar to Parent and Employer. Such dues shall be paid or reimbursed no later than March 15th of the calendar year immediately following the calendar year in which such dues are payable. Employer will require and shall reimburse Employee for his out of
pocket cost of one complete physical examination per fiscal year of the Term; provided that such out of pocket costs shall be reimbursed no later than March 15th of the calendar year immediately following the calendar year in which such cost is incurred. 
 (b) Each of Parent and Employer agrees that Employee is authorized to incur reasonable expenses in the performance of his duties hereunder and agrees
that all reasonable expenses incurred by Employee in the discharge and fulfillment of his duties, as set forth in Section 3, will be promptly reimbursed or paid by Employer upon written substantiation signed by Employee, itemizing said expenses
and containing all applicable vouchers. Employee shall be entitled to receive prompt reimbursement for all reasonable travel and entertainment expenses and the costs of attending conferences and seminars, so long as such expenses relate to
Employee’s ability to serve the best interests of Parent or Employer. In addition, within 30 days of the rendition of the applicable invoices, Employer shall reimburse Employee annually for the reasonable costs incurred by Employee in tax
planning and tax return preparation in an annual 
  

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 amount not to exceed $10,000. Notwithstanding anything herein to the contrary, expenses that are reimbursable under this
Section 7(b) shall be reimbursed no later than March 15th of the calendar year immediately following the
calendar year in which such expenses are incurred. 
 8. BENEFITS AND INSURANCE 
 (a) Employer agrees that, during the Term, Employee shall be insured under all insurance policies and shall receive all benefits under all pension and
welfare benefit plans (including, without limitation group life, medical, major medical and disability insurance) that Employer may maintain and keep in force during the Term for the benefit of Employer’s or any of the Companies’
employees, subject to the terms, provisions and conditions of such pension and welfare benefit plans or insurance and the agreements with underwriters relating to same. In addition, Employer will provide medical and major medical insurance for
Employee and his spouse during the Term and for the remainder of their respective lives and during such period such benefit shall also provide coverage to Employee’s eligible dependents, notwithstanding the termination of Employee’s
employment hereunder, whether voluntary or involuntary or following non-renewal of the Term of this Agreement, or his Disability or death, consistent with the level and type of coverage provided to Employee by Employer’s policy at
March 1, 1996, provided however, that the provisions of this Section 8(a) will not require Employer to continue post retirement or post employment medical coverage for Employee or his spouse in the event Employer terminates its post
retirement and/or post employment coverage on a company-wide basis. In the event of such termination of coverage or otherwise at the election of Employer, Employee shall be entitled to obtain a replacement policy consistent with the level and type
of coverage described in the preceding sentence covering Employee and his spouse and Employer shall reimburse Employee on an annual basis with respect to the cost of the same. 
 (b) Employer and Employee agree that neither Employer nor Employee shall have any future obligations related to ITT Hartford life insurance policy No.
U01731692 (the “Policy”) owned by Lucinda Accordino and Lawrence Accordino as Trustees under the Daniel T. Accordino Insurance Trust, dated February 20, 1995, except that any cash value accumulated with respect to the Policy as of the
Effective Date shall be used to pay for and fund future annual premiums; provided, however, that at such time as the remaining cash value of the Policy becomes insufficient to fund such annual premiums, Employee may, but shall not be
obligated to, continue to pay for and fund such annual premiums and keep such Policy in effect. 
 9. VACATION 
 Employee shall be entitled to an aggregate of four (4) weeks paid vacation during each year of the Term at time or times reasonably agreeable to both
Employee and Employer, it being understood that any portion of such vacation not taken in such year shall not be available to be taken during any other year. 
 10. TERMINATION; CHANGE OF CONTROL; DEATH; DISABILITY 
 (a) Subject to the provisions of this Agreement,
either Parent or Employer, on the one hand, or Employee, on the other hand, may terminate the employment of Employee after receipt of written notice by the other party hereto provided that all applicable cure periods have expired if Parent or
Employer terminates the employment of Employee for Cause or Employee terminates his employment with Good Reason. 
  

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 (b) If within twelve (12) months following a Change of Control occurring during the Term, the
employment of Employee hereunder is terminated without Cause or Employee terminates his employment for Good Reason, Employee shall be paid: (1) 30 days after such termination of employment, his accrued but unpaid Base Salary and vacation as of
the date of termination; (2) on the six-month anniversary of such termination of employment, all amounts previously deferred under the Carrols Corporation & Subsidiaries Deferred Compensation Plan then in effect (the “Deferred
Compensation Plan”) (together with any interest accrued thereon) and not yet paid by Employer, as and to the extent such amounts would be payable pursuant to the terms and conditions thereof; (3) continue any and all benefits and insurance
policies as required by Section 8 hereof and (4) a lump sum cash payment on the six-month anniversary of such termination of employment, in an amount equal to 2.99 multiplied by the average of the sum of the Base Salary and the annual
bonus paid under the Executive Bonus Plan or deferred in accordance with the Deferred Compensation Plan in the five calendar years prior to the date of termination (the “Five-Year Compensation Average”). 
 (c) If Parent or Employer (1) during the Term enters into a binding written agreement to engage in a transaction which, if consummated, would result
in a Change of Control; (2) such transaction is consummated within twelve (12) months after the last date of the Term; and (3) subsequent to entering into such agreement Parent or Employer terminates employment of Employee without
Cause or Employee terminates his employment for Good Reason, Employer shall pay to Employee an amount equal to the payment set forth in Section 10(b) hereof. 
 (d) If Employee terminates his employment pursuant to Section 10(a) hereof without Good Reason or Parent or Employer terminates the employment of Employee hereunder for Cause, Employer’s only obligations
hereunder shall be to pay to Employee (1) 30 days after such termination of employment, his accrued but unpaid Base Salary and vacation pay as of the date of termination plus (2) on the six month anniversary of such termination of
employment, any compensation or bonus payments previously deferred by Employee under the Deferred Compensation Plan (together with any interest accrued thereon) and not yet paid by Employer, as and to the extent such amounts would be payable
pursuant to the terms and conditions thereof. In the event of such termination, Employee shall have no further obligation to perform services for Parent, Employer or any of the Companies. 
 (e) Other than in the case of Employee receiving benefits under paragraph (b) above following a Change of Control, if Parent or Employer terminates
employment of Employee hereunder without Cause, or Employee terminates his employment for Good Reason, Parent or Employer shall pay to Employee (1) 30 days after such termination of employment, his accrued but unpaid Base Salary and vacation
pay as of the date of termination; (2) on the six-month anniversary of such termination of employment, a lump sum cash payment in an amount equal to 2.00 multiplied by Employee’s Five Year Compensation Average; (3) on the six-month
anniversary of such termination of employment, all amounts previously deferred by Employee under the Deferred Compensation Plan (together with any interest accrued thereon) and not yet paid by Employer, as and to the extent such amounts would be
payable pursuant to the terms and 
  

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 conditions thereof; (4) a lump sum cash payment in an amount equal to the pro rata portion of Employee’s annual
bonus under the Executive Bonus Plan for the year in which Employee’s employment is terminated payable as and when such amounts would otherwise be payable under the terms thereof; and (5) continue any and all such benefits and insurance
policies as required by Section 8 hereof. 
 (f) If Employee becomes physically or mentally disabled during the Term so that he is
unable to perform the services required of him pursuant to this Agreement for a period of six (6) successive months, or an aggregate of six (6) months in any twelve (12) month period, Parent or Employer may give Employee written
notice of its intention to terminate the services of Employee hereunder. In such event, Employee’s employment shall terminate effective on the thirtieth (30th) day after receipt of such notice by Employee (the “Disability Effective
Date”) provided Employee shall not have returned to the performance of Employee’s duties. In the event Employee’s employment is terminated by reason of disability, Employer’s only obligations hereunder shall be
(1) commencing on the six-month anniversary of the Disability Effective Date, to continue the Base Salary (at the rate in effect on the Disability Effective Date) for a period of three (3) years; (2) to pay, no later than
March 15th of the calendar year following the year in which the Disability Effective Date occurs, a pro rata
portion of the annual bonus for the year in which Employee’s employment is terminated payable under the terms of the Executive Bonus Plan; (3) to pay, on the six-month anniversary of the Disability Effective Date, all amounts previously
deferred under the Deferred Compensation Plan (together with any interest accrued thereon) as prescribed by Employee, as and to the extent such amounts would be payable pursuant to the terms and conditions thereof; and (4) to continue any and
all such benefits and insurance policies as required by Section 8 hereof. 
 (g) In the event of Employee’s death during the Term,
Employer shall pay to his spouse, if he is survived by a spouse, or if not, to the estate of Employee, (1) 30 days after Employee’s death, Employee’s accrued and unpaid Base Salary (at the rate in effect on the date of death) as of
the date of death; (2) no later than March 15th of the calendar year following the calendar year of
Employee’s death, a pro rata share of the annual bonus for the year of his death payable under the terms of the Executive Bonus Plan; (3) on the six-month anniversary of Employee’s death, all amounts previously deferred under the
Deferred Compensation Plan (together with any interest accrued thereon) and not yet paid by Employer in the manner prescribed by the executor of Employee’s estate and (4) continue any and all such benefits and insurance policies as
required by Section 8 hereof. 
 (h) Notwithstanding anything in this Agreement to the contrary, in the event it shall be determined
that any payment or distribution by Employer or any other person or entity to or for the benefit of Employee is a “parachute payment” (within the meaning of Section 280G(b)(2) of the Internal Revenue Code of 1986, as amended (the
“Code”)), whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise in connection with, or arising out of, his employment with Employer, Parent or any of the Companies or a change in
ownership or effective control of the Parent or a substantial portion of its assets (a “Payment”), and would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), concurrent with the making of
such Payment, Employer shall pay to Employee an additional payment (the “Gross-Up Payment”) in an amount such that the net amount retained by Employee, after deduction of any Excise Tax on such Payment and any 
  

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 federal, state or local income tax and Excise Tax on the Gross-Up Payment shall equal the amount of such Payment. All
determinations concerning the application of this paragraph shall be made by Parent’s independent accountants, whose determination shall be conclusive and binding on all parties. The fees and expenses of such accountants shall be borne by
Employer. 
 11. RESTRICTIVE COVENANTS 
 (a) During the Term and for a period of two years following termination of this Agreement, Employee (i) will not violate or cause Parent, Employer or any of the Companies to violate the terms of any agreement, including any franchise
agreement, which Employer is obligated under, except with the express written consent of the duly empowered officer of Parent or Employer or pursuant to an order of a court of competent jurisdiction; and (ii) will not divulge or use any
confidential information the effect of which would be injurious to Parent, Employer or any of the Companies without the prior written consent of a duly empowered officer of Parent or Employer. Employee shall have the right to approve the provisions
of any such franchise or other agreement which restricts Employee’s future employment or business interests. During the Term and for a period of two years following termination of Employee’s employment hereunder, Employee will not solicit
or employ any person, who was employed by Parent, Employer or any of the Companies within six months prior to the termination of Employee’s employment, in any business in which Employee has a material interest, direct or indirect, as an
officer, partner, shareholder or beneficial owner. The preceding sentence shall not prohibit Employee from hiring (i) the individual who is the general counsel of Parent or Employer as of the Effective Date at any time, or (ii) any person
whose employment is terminated involuntarily by Parent or Employer or any of the Companies during the Term or at any time thereafter provided that such hiring shall not occur until after Employee’s termination of employment hereunder.

 (b) In view of the unique and valuable services it is expected Employee will render to Parent, Employer and the Companies, and in
consideration of the compensation to be received hereunder, Employee agrees (i) that he will not, during the period he is employed by Employer under this Agreement or otherwise, Participate In (as defined below) any other business or
organization, which is engaged in the retail fast-food restaurant business, and (ii) for a period of two years after he ceases to be employed by Employer under this Agreement, he will not compete with or be engaged in the retail fast-food
restaurant business or Participate In any other business or organization which during such two year period is engaged in the retail fast-food restaurant business within the Area, except that in each case the provisions of this Section 11(b)
will not be deemed breached merely because Employee owns not more than 5% of the outstanding common stock of a corporation, if, at the time of its acquisition by Employee, such stock is listed on a national securities exchange, is listed or reported
on NASDAQ, or is regularly traded in the over-the-counter market by a member of a national securities exchange. 
 (c) As used in this
Agreement, the term “Participate In” shall mean: “directly or indirectly, for his own benefit or for, with, or through any other person, firm, or corporation, own, manage, operate, control, loan money to, or participate in the
ownership, management, operation, or control of, or be connected as a director, officer, employee, partner, consultant, agent, independent contractor, or otherwise with, or acquiesce in the use of his name in.” 
  

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 (d) As used in this Agreement, the term “Area” shall mean, at any particular time, any location
within a 100 mile radius of any site at which any of the Companies is engaging in the retail fast-food business or, at the time of termination of employment, intends to engage in the retail fast-food business. 
 (e) The parties hereto, recognizing that irreparable injury will result to Parent, Employer and the Companies, their respective business and property in
the event of Employee’s breach of this Employee covenant and non-competition provision, agree that in the event of any such breach by Employee, Parent or Employer will be entitled, in addition to any other remedies and damages available, to an
injunction to restrain the violation hereof by Employee, Employee’s partners, agents, servants, employers, employees, and all persons acting for or with Employee. Employee represents and admits that in the event of termination of this
Agreement, Employee’s experience and capabilities are such that Employee can obtain employment in a business engaged in other lines and/or of a different nature than the business of Parent, Employer or the Companies, and that the enforcement of
a remedy by way of injunction will not prevent Employee from earning a livelihood. 
 12. INDEMNIFICATION 
 To the fullest extent permitted by Section 145 of the General Corporation Law of Delaware, as the same may be amended and supplemented (“Section
145”) and Article Eighth of Parent’s Restated Certificate of Incorporation as in effect as of the Effective Date, each of Parent and Employer shall indemnify Employee and hold him harmless from and against any and all of the expenses,
liabilities or other matters referred to or covered in said section and certificate of incorporation (collectively, “Liabilities”) if any of such Liabilities are incurred or suffered by Employee as a result of, arising out of or in
connection with his employment by Parent, Employer or any of the Companies, provided however, that Employee acknowledges that he is not entitled to the indemnity referred to above (either as set forth in Parent’s certificate of incorporation or
in this Agreement), to the extent a dispute arises between Parent or Employer and Employee with respect to his conduct as an Employee, or any claim that may arise either directly or indirectly with respect to the breach of any terms and conditions
of this Agreement. In addition to the indemnification, as provided in Section 145, Employer shall advance expenses, including reasonable attorneys’ fees, of Employee. The indemnification and advancement of expenses provided for herein
shall continue after Employee has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of Employee. 
 13. BINDING EFFECT 
 This Agreement shall
inure to the benefit of and be binding upon each of Parent and Employer and its successors. Each of Parent and Employer will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially
all of its assets to expressly assume and agree to perform this Agreement in the same manner and to the same extent that Parent or Employer would be required to perform it if no such succession had taken place or with or into which Parent or
Employer may consolidate or merge. Employee agrees that this Agreement is personal to him and may not be assigned by him otherwise than by will or laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by
Employee’s legal representatives. 
  

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 14. MISCELLANEOUS 
 (a) If any provision of this Agreement, or portion thereof, shall be held invalid or unenforceable by a court of competent jurisdiction, such invalidity or unenforceability shall attach only to such provision or
portion thereof, and this Agreement shall be carried out as if any such invalid or unenforceable provision or portion thereof were not contained herein. In addition, any such invalid or unenforceable provision or portion thereof shall be deemed,
without further action on the part of the parties hereto, modified, amended or limited to the extent necessary to render the same valid and enforceable. 
 (b) This Agreement, and all of the rights and obligations of the parties in connection with the employment relationship established hereby shall be construed and enforced in accordance with the laws of New York
applicable to contracts made and fully to be performed therein, and without giving effect to any rules of conflicts of law. 
 (c) All
notices, requests, demands, and other communications provided for hereunder shall be in writing and shall be given or made when (i) delivered personally; (ii) three (3) business days following mailing by first class postage prepaid,
registered or certified mail, return receipt requested, to the party to be notified at its or his address set forth herein; or (iii) on the date sent by telecopier, if the addressee has compatible receiving equipment and provided the
transmittal is made on a business day during the hours of 9:00 a.m. to 6:00 p.m. of the receiving party and if sent at other times, on the immediately succeeding business day, or (iv) on the first business day immediately succeeding delivery to
an express overnight carrier for the next business day delivery. 
 (d) This Agreement may be executed simultaneously in two or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Each of the parties shall deliver such further instruments and take such further action as may be reasonably requested
by the other in order to carry out the provisions and purposes of this Agreement. This Agreement represents the entire understanding of the parties with reference to the subject matter hereof, supersedes in its entirety the provisions of the Prior
Employment Agreement, and neither this Agreement nor any provisions hereof may be modified, discharged or terminated except by an agreement in writing signed by the party against whom the enforcement of any waiver, charge, discharge or termination
is sought. Any waiver by either party of a breach of any provision of this Agreement must be in writing and no waiver of a particular breach shall operate as or be construed as waiver of any subsequent breach thereof. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed and have caused this Employment Agreement to be executed as of the
date first written above. 
  

			
	CARROLS RESTAURANT GROUP, INC.
		
	By:	 	  

	Name:	 	
	Title	 	
	
	CARROLS CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
		
		 	  

		 	DANIEL T. ACCORDINO

  

 12Form of Change of Control/Severance Agreement

 Exhibit 10.30 
 FORM OF 
 CHANGE OF CONTROL/SEVERANCE AGREEMENT 
 CHANGE OF CONTROL/SEVERANCE AGREEMENT (the “Agreement”) made and entered into as of this      day of
                    ,      by and among CARROLS RESTAURANT GROUP, INC., a Delaware corporation (the
“Parent”), CARROLS CORPORATION, a Delaware corporation and a wholly-owned subsidiary of the Parent (the “Employer”), and
                                 having an address at
                                , (the “Executive”). 

W I T N E S S E T H: 
 WHEREAS, the Executive has been employed by the Employer and/or one or more of the Companies (as defined below) and desires to remain in the employ of
the Employer and continue to provide services for the Parent, the Employer and any present or future parent, subsidiary or affiliate of the Employer or the Parent, and their successors and assigns (the “Companies”) in such capacity;
and 
 WHEREAS, the Parent and the Employer desire to induce the Executive to so remain in such employ; 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 
 FIRST: Inducement Payments. 
 A. Subject to the provisions of this Agreement and the
Executive’s compliance with Article THIRD hereof, in the event that the Executive incurs a termination of employment within one year after a Change of Control (as hereinafter defined) either by the Parent or the Employer (or any successor to
the Parent or the Employer after the Change of Control) without “Cause” (as hereinafter defined, but determined without regard to clause (4) of such definition) or by the Executive with “Good Reason” (as hereinafter
defined), the Employer (or any successor thereto) shall pay to the Executive a single lump sum cash payment equal to the “Special Severance Payment” and the Special Severance Bonus (as such terms are hereinafter defined). The Special
Severance Payment shall be paid to the Executive on the fifth (5th) business day following the six
(6) months’ anniversary of such termination (or on the fifth (5th) business day following the death of the Executive, if sooner). The Special Severance Bonus shall be paid to the Executive in a single lump sum cash payment on the date
that bonuses are paid under the Executive Bonus Plan, but in no event later than March 15th of the calendar year following the calendar year in which the Executive’s employment terminates. Notwithstanding the foregoing, the Executive shall
not be entitled to any payment under this Part A unless prior to the date such payment is required to be made to the Executive, the Executive delivers to the Employer an executed General Release substantially in the form attached as Exhibit A
hereto. 

 B. Subject to the provisions of this Agreement and the Executive’s compliance with Article THIRD
hereof, in the event that the Executive incurs a termination of employment either prior to a Change of Control or more than one year after a Change of Control and such termination is by the Parent or the Employer without Cause or by the Executive
with Good Reason, the Employer (or any successor thereto) shall pay to the Executive the “Severance Payment” and the “Severance Bonus” (as such terms are hereinafter defined). The Severance Payment shall be paid to the Executive
in a single lump sum cash payment on the fifth (5th) business day following the six (6) months’
anniversary of such termination (or on the fifth (5th) business day following the death of the Executive, if
sooner). The Severance Bonus shall be paid to the Executive in a single lump sum cash payment on the date that bonuses are paid under the Executive Bonus Plan, but in no event later than March 15th of the calendar year following the calendar year in which the Executive’s employment terminates. Notwithstanding the foregoing, the Executive shall not
be entitled to any payment under this Part B unless prior to the date such payment is required to be made to the Executive, the Executive delivers to the Employer an executed General Release substantially in the form attached as Exhibit A hereto.

 C. For purposes of this Agreement, the following definitions shall apply: 
 “Change of Control” shall mean and shall have occurred or be deemed to have occurred only if any of the following events occurs:

 1. The acquisition, directly or indirectly, by any person or group (as those terms are defined in Sections 3(a)(9), 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules thereunder) of beneficial ownership (as determined pursuant to Rule 13d-3 under the Exchange Act) of securities entitled to vote generally in the
election of directors (voting securities) of the Parent that represent 50% or more of the combined voting power of the Parent’s then outstanding voting securities, other than: 
 a. An acquisition by a trustee or other fiduciary holding securities under any employee benefit plan (or related trust) sponsored or maintained by the
Parent or any person controlled by the Parent or by any employee benefit plan (or related trust) sponsored or maintained by the Parent or any person controlled by the Parent; or 
 b. An acquisition of voting securities by the Parent or a corporation owned, directly or indirectly by all of the stockholders of the Parent in
substantially the same proportions as their ownership of the stock of the Parent. 
 Notwithstanding the foregoing, the following event shall
not constitute an acquisition by any person or group for purposes of this subsection (a): an acquisition of the Parent’s securities by the Parent which causes the Parent’s voting securities beneficially owned by a person or group to
represent 50% or more of the combined voting power of the Parent’s then outstanding voting securities; provided, however, that if a person or group shall become the beneficial owner of 50% or more of the combined voting power of
the Parent’s then outstanding voting securities by reason of share acquisitions by the Parent as described above and shall, after such share acquisitions by the Parent, become the beneficial owner of any additional voting securities of the
Parent, then such acquisition shall constitute a Change of Control; or 
  

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 2. Individuals who, as of the Effective Date, constitute the Board of Directors of the Parent (as of the
Effective Date, the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors of the Parent, provided that any person becoming a director subsequent to the Effective Date whose election, or
nomination for election by the Parent’s stockholders, was approved by a vote of at least a two-thirds of the directors then comprising the Incumbent Board (other than an election or nomination of an individual whose initial assumption of office
is in connection with an actual or threatened election contest relating to the election of the directors of the Parent) shall be, for purposes of this Agreement, considered as though such person were a member of the Incumbent Board; or 

3. The consummation by the Parent (whether directly involving the Parent or indirectly involving the Parent through one or more intermediaries) of
(i) a merger, consolidation, reorganization, or business combination, or (ii) the acquisition of assets or stock of another entity, in each case other than a transaction: 
 a. Which results in the Parent’s voting securities outstanding immediately before the transaction continuing to represent (either by remaining
outstanding or by being converted into voting securities of the Parent or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the Parent’s
assets or otherwise succeeds to the business of the Parent (the Parent or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s outstanding voting
securities immediately after the transaction; and 
 b. After which no person or group beneficially owns voting securities representing 50%
or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this clause (B) as beneficially owning 50% or more of combined voting power of the Successor Entity solely
as a result of the voting power held in the Parent prior to the consummation of the transaction; or 
 4. A sale or disposition of all or
substantially all of the Parent’s assets; or 
 5. The Parent’s stockholders approve a liquidation or dissolution of the Parent.

 “Cause” shall mean: (1) the commission by the Executive of any act or omission that would constitute a felony or any
crime of moral turpitude under Federal law or the law of the state or foreign law in which such action occurred; (2) dishonesty, disloyalty, fraud, embezzlement, theft, disclosure of trade secrets or confidential information or other acts or
omissions by the Executive that result in a breach of fiduciary or other material duty to the Parent, the Employer or any of the Companies; (3) continued reporting to work or working under the influence of alcohol, an illegal drug, an
intoxicant or a controlled substance which renders the Executive incapable of performing his or her material duties to the satisfaction of the Parent or the Employer; or (4) the Executive’s substantial disregard in the performance of the
Executive’s duties and/or responsibilities with respect to the Parent, the Employer or any of the Companies, which disregard shall continue after notice to the Executive and a reasonable opportunity to cure such behavior. 
  

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 “Effective Date” shall mean: the date that the Registration Statement is declared
effective by the Securities and Exchange Commission. 
 “Executive Bonus Plan” shall mean: all bonus plans or arrangements
maintained by the Employer or any of the Companies in which the Executive is eligible to participate for the year in which he incurs a termination of employment. 
 “Good Reason” shall mean: (i) the material breach by the Employer or the Parent of any material provision of this Agreement or any other Agreement by and between the Executive and any of the
Companies affecting the terms of the Executive’s employment with any of the Companies, which breach, if curable, is not remedied within thirty (30) days after the Employer’s or the Parent’s receipt of written notice thereof from
the Executive; (ii) the material diminution of the Executive’s position, authority, duties or responsibilities with respect to any of the Companies or the assignment to the Executive of duties and responsibilities that are materially
inconsistent with those duties and responsibilities customarily assigned to individuals holding the position then held by the Executive; (iii) the failure of any successor of the Parent or the Employer to assume in a writing delivered to the
Executive and reasonably satisfactory to the Executive the obligations hereunder; (iv) reduction in the Executive’s base salary or any reduction of benefits received by the Executive, which reduction is not commensurate with that of
similarly situated employees; (v) treatment of the Executive under any executive bonus plan in which similarly situated executives of the Company are eligible to participate in a manner inconsistent with the treatment under such plan of such
similarly situated executives, including, without limitation, with respect to eligibility to participate in such plan, conditions and criteria for earning bonuses thereunder and the amount of bonuses thereunder., or (vi) the requirement that
the Executive be based at any location other than within 50 miles of the location of the Executive’s office on the date of this Agreement. 
 “Prime Rate” shall mean: the rate of interest established from time to time by JPMorgan Chase Bank, N.A. (or such other bank which is then the principal lending bank to the Employer) as its prime commercial rate.

 “Registration Statement” shall mean: the Parent’s Registration Statement on Form S-1 (Registration
No. 333-137524), filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, with respect to the initial public offering of the Parent’s common stock. 
 “Severance Bonus” shall mean: an amount equal to a pro rata portion of the aggregate bonus under the Executive Bonus Plan for the year
in which the Executive incurs a termination of employment to which the Executive would otherwise have been entitled had his employment not terminated. 
 “Severance Payment” shall mean: an amount equal to the Executive’s annual base salary in effect immediately prior to the date the Executive incurs a termination of employment, plus interest on
such amount at a rate per annum equal to the Prime Rate plus three percent (3%), with such interest accruing from the date of termination of employment until the date of payment of the Severance Payment. 
  

 4 

 “Special Severance Bonus” shall mean: an amount equal to the aggregate bonus under the
Executive Bonus Plan for the year in which the Executive incurs a termination of employment to which the Executive would otherwise have been entitled had his employment not terminated. 
 “Special Severance Payment” shall mean: an amount equal to eighteen (18), multiplied by the amount of the Executive’s monthly base
salary in effect immediately prior to the date the Executive incurs a termination of employment, plus interest on such amount at a rate per annum equal to the Prime Rate plus three percent (3%), with such interest accruing from the date of
termination of employment until the date of payment of the Special Severance Payment. 
 For purposes of this Agreement,
“affiliate” shall have the meaning ascribed thereto under the Securities Act of 1933, as amended. 
 For purposes of this
Agreement, “termination of employment” means cessation of the Executive’s employment with the Parent, the Employer and all of the Companies by which the Executive is employed. 
 SECOND: Excise Tax. Notwithstanding anything in this Agreement to the contrary, in the event it shall be determined that any payment or
distribution by the Employer or any other person or entity to or for the benefit of the Executive is a “parachute payment” (within the meaning of Section 280G(b)(2) of the Internal Revenue Code of 1986, as amended (the “Code”)),
whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise in connection with, or arising out of, his employment with the Employer, the Parent or any of the Companies or a change in ownership or
effective control of the Parent or a substantial portion of its assets (a “Payment”), and would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), concurrent with the making of such Payment, the
Employer shall pay to the Executive an additional payment (the “Gross-Up Payment”) in an amount such that the net amount retained by the Executive, after deduction of any Excise Tax on such Payment and any federal, state or local income
tax and Excise Tax on the Gross-Up Payment shall equal the amount of such Payment. All determinations concerning the application of this paragraph shall be made by the Parent’s independent accountants, whose determination shall be conclusive
and binding on all parties. The fees and expenses of such accountants shall be borne by the Employer. 
 THIRD: Confidentiality and
Non-Solicitation. In consideration of the Executive’s employment and continued employment, the payment of Executive’s compensation by the Employer, the Parent or the Employer and the other Companies entrusting Executive with
Confidential Information (as defined below), and the benefits provided hereunder, including without limitation the Special Severance Payment, the Special Severance Bonus, the Severance Payment and the Severance Bonus, the Executive agrees that (i)
during his employment with the Employer and for a period of two years following termination of the Executive’s employment hereunder, the Executive will not solicit or employ any person, who was employed by the Parent, the Employer or any of the
Companies within six months prior to the termination of the Executive’s employment, in any business in which the Executive has a material interest, direct or indirect, as an officer, partner, shareholder or beneficial owner. The preceding
sentence shall not prohibit the Executive from hiring any person whose employment is terminated involuntarily by the Parent, the Employer or any of the Companies during the Executive’s employment with the 
  

 5 

 Company or at any time thereafter provided that such hiring shall not occur until after the Executive’s termination
of employment hereunder and (ii) during employment with the Employer, Executive will not use or disclose to any individual or entity any Confidential Information (as defined below) except (i) in the performance of Executive’s duties
for the Parent, the Employer or any of the Companies, (ii) as authorized in writing by the Parent or the Employer, or (iii) as required by law or legal process, provided that, prior written notice of such required disclosure is provided to
the Parent or the Employer and, provided further that all reasonable efforts to preserve the confidentiality of such information shall be made. 
 As used in this Agreement, “Confidential Information” shall mean information that (i) is used or potentially useful in the business of the Parent, the Employer or any of the Companies, (ii) the Parent, the
Employer or any of the Companies treats as proprietary, private or confidential, and (iii) is not generally known to the public. “Confidential Information” includes, without limitation, information relating to the Parent’s, the
Employer’s or any of the Companies’ products or services, processing, manufacturing, marketing, selling, customer lists, call lists, customer data, memoranda, notes, records, technical data, sketches, plans, drawings, chemical formulae,
trade secrets, composition of products, research and development data, sources of supply and material, operating and cost data, financial information, personal information and information contained in manuals or memoranda. “Confidential
Information” also includes proprietary and/or confidential information of the Parent’s, the Employer’s or any of the Companies’ customers, suppliers and trading partners who may share such information with the Parent, the
Employer or any of the Companies pursuant to a confidentiality agreement or otherwise. The Executive agrees to treat all such customer, supplier or trading partner information as “Confidential Information” hereunder. The foregoing
restrictions on the use or disclosure of confidential information shall continue after Executive’s employment terminates for any reason for so long as the information is not generally known to the public. 
 FOURTH: Continued Welfare Coverage. If Executive’s employment is terminated in any of the circumstances described in Article FIRST
hereof, (a) the Executive shall be entitled to continued group term life and disability insurance coverage, at the Employer’s expense, for a period of eighteen (18) months from the date of termination of employment and (b) in the event
Executive timely elects under the provisions of COBRA to continue his group health and/or dental plan coverage that was in effect prior to the date of the termination of Executive’s employment, the Executive will be entitled to continuation of
such coverage, at the Employer’s expense, for a period of eighteen (18) months from the date of termination of employment (or, if earlier, the date the Executive ceases to be eligible for COBRA Coverage). 
 FIFTH: At Will Employment. Nothing in this Agreement shall confer upon the Executive the right to remain in the employ of the Employer, the
Parent or any of the Companies, it being understood and agreed that (a) the Executive is an employee at will and serves at the pleasure of the Parent or the Company at such compensation as the Parent or the Employer shall determine from time to time
and (b) the Parent or the Employer shall have the right to terminate the Executive’s employment at any time, with or without Cause subject to Article FIRST herein. 
 SIXTH: Costs of Enforcement. In the event that the Executive incurs any costs or expenses, including attorneys’ fees, in the enforcement of his rights under this Agreement then, unless the Parent or
the Employer is wholly successful in defending against the 
  

 6 

 enforcement of such rights, the Employer shall promptly pay to the Executive all such costs and expenses. Any such
reimbursement shall be made as promptly as practicable after the final disposition of the Executive’s enforcement claims, but in no event later than March 15th of the calendar year following the calendar year in which occurs such final disposition. 
 SEVENTH: Term. The initial term of this Agreement shall be for five (5) years from the Effective Date, and this Agreement shall
automatically renew for successive three (3) year terms unless terminated by the Parent or the Company, in its sole discretion, by delivering to Executive written notice thereof provided to Executive at least 18 months prior to the end of the
initial term or such successive terms, as applicable. 
 EIGHTH: Notices. All notices hereunder shall be in writing and shall
be sent by registered or certified mail, return receipt requested, if intended for the Parent or the Employer shall be addressed to it, attention of its Chief Executive Officer and Chairman of the Board of Directors, 968 James Street, Syracuse, New
York 13203 or at such other address of which the Parent or the Employer shall have given notice to the Executive in the manner herein provided; and if intended for the Executive, shall be mailed to him at the address of the Executive first set forth
above or at such other address of which the Executive shall have given notice to the Parent or the Employer in the manner herein provided. 
 NINTH: Entire Agreement. This Agreement constitutes the entire understanding between the parties with respect to the matters referred to herein, and no waiver of or modification to the terms hereof shall be valid unless in
writing signed by the party to be charged and only to the extent therein set forth. All prior and contemporaneous agreements and understandings with respect to the subject matter of this Agreement are hereby terminated and superseded by this
Agreement, including, without limitation, the Change of Control Agreement, dated as of December 27, 2002, by and among the Parent, the Executive and the other parties signatories thereto, which, with respect to the Executive, is terminated and
superseded in its entirety by this Agreement. 
 TENTH: No Mitigation Or Offset. Except as otherwise provided herein, in the
event of any termination of the Executive’s employment, the Executive shall not be required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Employer pursuant to this Agreement. Further,
the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive or benefit provided to the Executive as the result of employment by another employer or otherwise. The amounts
payable hereunder shall not be subject to set-off, counterclaim, recoupment, defense or other right that the Company may have against the Executive. 
 ELEVENTH: Withholding. The Employer shall be entitled to withhold from amounts payable to the Executive hereunder such amounts as may be required by applicable law. 
 TWELFTH: Binding Nature. This Agreement shall be binding upon and inure to the benefit of the parties hereto, their respective heirs,
administrators, executors, personal representatives, successors and assigns. 
  

 7 

 THIRTEENTH: Governing Law. This Agreement shall be governed by and construed and enforced
in accordance with the laws of the State of New York without giving effect to conflicts of laws. 
 FOURTEENTH: Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  

 8 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

  

			
	CARROLS RESTAURANT GROUP, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CARROLS CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	[Executive]	 	  

  

 9 

 Exhibit A 
 RELEASE 
 WHEREAS,
                             (the “Executive”) is a party to an Agreement dated as of
                    , 20     (the “Agreement”) by and among the Executive , CARROLS RESTAURANT GROUP,
INC., a Delaware corporation (the “Parent”), and CARROLS CORPORATION, a Delaware corporation and a wholly-owned subsidiary of the Parent (the “Company”), requiring the Company to provide the Executive with severance
payments and benefits following the termination of the Executive’s employment with the Parent, the Company, any subsidiary or affiliate of the Company or the Parent, and their successors and assigns (the “Companies”) under certain
circumstances; and 
 WHEREAS, the Executive’s employment with the Companies has terminated; and 
 WHEREAS, it is a condition to the Company’s obligations under the Agreement that the Executive execute and deliver this Release to the Company.

 NOW, THEREFORE, in consideration of the receipt by the Executive of the severance payments and benefits under the Agreement, which
constitute a material inducement to enter into this Release, the Executive intending to be legally bound hereby agrees as follows: 
 Subject
to the next succeeding paragraph, effective upon the expiration of the 7-day revocation period following execution hereof as provided below, the Executive irrevocably and unconditionally releases the Companies and their owners, stockholders,
predecessors, successors, assigns, affiliates, control persons, agents, directors, officers, employees, representatives, divisions and subdivisions (collectively, the “Related Persons”) from any and all causes of action, charges,
complaints, liabilities, obligations, promises, agreements, controversies and claims (a) arising out of the Executive’s employment with any of the Companies and the conclusion thereof, including, without limitation, any federal, state,
local or other statutes, orders, laws, ordinances, regulations or the like that relate to the employment relationship and/or specifically that prohibit discrimination based upon age, race, religion, sex, national origin, disability, sexual
orientation or any other unlawful bases, including, without limitation, as amended, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, the Civil Rights Acts of 1866 and 1871,
the Americans With Disabilities Act of 1990, the New York City and State Human Rights Laws, and any applicable rules and regulations promulgated pursuant to or concerning any of the foregoing statutes; (b) for tort, tortious or harassing
conduct, infliction of emotional distress, interference with contract, fraud, libel or slander; and (c) for breach of contract or for damages, including, without limitation, punitive or compensatory damages or for attorneys’ fees,
expenses, costs, salary, severance pay, vacation, injunctive or equitable relief, whether, known or unknown, suspected or unsuspected, foreseen or unforeseen, matured or unmatured, which, from the beginning of the world up to and including the date
hereof, exists, have existed, or may arise, which the Executive, or any of his heirs, executors, administrators, successors and assigns ever had, now has or at any time hereafter may have, own or hold against any of the Companies and/or any Related
Person. 

 Notwithstanding anything contained herein to the contrary, the Executive is not releasing the Companies
from any of the Companies’ obligations (a) under the Agreement or any employee benefit plan of any of the Companies, (b) to provide the Executive with insurance coverage defense and/or indemnification as an officer or director of any
of the Companies, if applicable to Executive, to the extent generally made available at the date of termination to the Companies’ officers and directors in respect of facts and circumstances existing or arising on or prior to the date hereof,
or (c) in respect of the Executive’s rights under the Parent’s 2006 Stock Incentive Plan. 
 The Company has advised the
Executive in writing to consult with an attorney of his choosing prior to the signing of this Release and the Executive hereby represents to the Company that he has in fact consulted with such an attorney prior to the execution of this Release. The
Executive acknowledges that he has had at least twenty-one days to consider the waiver of his rights under the ADEA. Upon execution of this Release, the Executive shall have seven additional days from such date of execution to revoke his consent to
the waiver of his rights under the ADEA. If no such revocation occurs, the Executive’s waiver of rights under the ADEA shall become effective seven days from the date the Executive executes this Release. 
 IN WITNESS WHEREOF, the undersigned has executed this Release on the      day of
                    , 20    . 
  

	
	  

  

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