Document:

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                                                                    EXHIBIT 10.2

                                November 11, 2004

O'Charley's Inc.
3038 Sidco Drive
Nashville, Tennessee  37204

Ladies and Gentlemen:

      In consideration of my employment as Chief Financial Officer, Secretary
and Treasurer for O'Charley's Inc. effective November 15, 2004 and the benefits
I derive from Paragraph J hereof (but without thereby creating any fixed or
contractual employment term, understanding that my employment can be terminated,
with or without cause and with or without notice, at any time at the option of
either the Company or me), I hereby agree with the Company (for purposes of this
letter agreement, the "Company" shall mean O'Charley's Inc. or any of its
present or future direct or indirect parents or subsidiaries or affiliated
entities by which I am employed or on behalf of which I provide service(s)) as
follows:

      A. During the term of my employment I will not compete, directly or
indirectly, with the Company. In accordance with this restriction, but without
limiting its terms, I will not:

         (a) enter into or engage in any business which competes with the
      business of the Company; or

         (b) promote or assist, financially or otherwise, any person, firm,
      association or corporation or any other entity engaged in any business
      which competes with the business of the Company.

      B. For a period of twelve (12) months following termination of my
employment with the Company, I will not enter into or engage in any business
that competes with the Company's business.

      C. For a period of twelve (12) months following termination of my
employment with the Company, I will not promote or assist financially or
otherwise, any person, firm, association, partnership, corporation, or any other
entity engaged in any business which competes with the Company's business.

      D. For the purposes of Paragraphs A through C, inclusive, I understand
that I will be competing if I engage in any or all of the activities set forth
therein directly as an individual on my own account, or indirectly as a partner,
joint venturer, employee, agent, consultant, officer and/or director of any
firm, association, corporation, or other entity, or as a stockholder of any
corporation in which I own, directly or indirectly, individually or in the
aggregate, more than one percent (1%) of the outstanding stock; provided
however, that at such time as I am no longer employed by the Company, my direct
or indirect ownership as a stockholder of less than five

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percent (5%) of the outstanding stock of any publicly traded corporation
shall not by itself constitute a violation of Paragraphs B through C.

      E. For the purposes of Paragraphs B through C, inclusive, the Company's
business is defined as owning, operating and/or franchising restaurants in the
casual dining segment of the restaurant industry and such other segments of the
restaurant industry in which the Company shall own, operate or franchise
restaurants as of the date of termination of my employment with the Company.

      F. I understand that the activities set forth in Paragraphs B through C,
inclusive, shall be prohibited only within the United States.

      G. If it shall be judicially determined that I have violated any of my
obligations under Paragraphs B through C, inclusive, then the period applicable
to the obligation which I shall have been determined to have violated shall
automatically be extended by a period of time equal in length to the period
during which said violation(s) occurred.

      H. I also agree that I will not directly or indirectly at any time solicit
or induce or attempt to solicit or induce any employee(s) (at the level of
director or above) of the Company or any of its parent, subsidiary or affiliate
entities to terminate their employment with the Company or such entity.

      I. During the period of my employment and at any time thereafter, I will
not disclose, furnish, disseminate, make available or, except in the ordinary
course of performing my duties on behalf of the Company, use any trade secrets
or confidential business and technical information of the Company, or its
parent, subsidiaries or affiliated entities without limitation as to when it was
acquired by me or whether it was compiled or obtained by, or furnished to me
while I was employed by the Company. Such trade secrets and confidential
business and technical information are considered to include, without
limitation, development plans, financial statistics, research data, or any other
statistics and plans contained in monthly and annual review books, profit plans,
capital plans, critical issues plans, strategic plans, or marketing, real
estate, or store operations plans. I specifically acknowledge that all such
information, whether reduced to writing or maintained in my mind or memory and
whether compiled by the Company and/or me derives independent economic value
from not being readily known to or ascertainable by proper means by others who
can obtain economic value from its disclosure or use, that reasonable efforts
have been put forth by the Company to maintain the secrecy of such information,
that such information is and will remain the sole property of the Company and
that any retention and use of such information during or after the termination
of my relationship with the Company (except in the course of performing my
duties) shall constitute a misappropriation of the Company's trade secrets;
provided, however, that this restriction shall not apply to information which is
in the public domain or otherwise made public by others through no fault of
mine.

      The above restrictions on disclosure and use of confidential information
shall not prevent me from: (i) using or disclosing information in the good faith
performance of my duties on behalf of the Company; (ii) using or disclosing
information to another employee to whom disclosure is required to perform in
good faith the duties of either of us on behalf of the

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Company; (iii) using or disclosing information to another person or entity bound
by a duty or an agreement of confidentiality as part of the performance in good
faith of my duties on behalf of the Company or as authorized in writing by the
Company; (iv) at any time after the period of my employment using or disclosing
information to the extent such information is, through no fault or disclosure of
my own, generally known to the public; (v) using or disclosing information which
was not disclosed to me by the Company or otherwise during the period of my
employment which is then disclosed to me after termination of my employment with
the Company by a third party who is under no duty or obligation not to disclose
such information; or (vi) disclosing information as required by law. If I become
legally compelled to disclose any of the confidential information, I shall (i)
provide the Company with reasonable prior written notice of the need for such
disclosure such that the Company may obtain a protective order; (ii) if
disclosure is required, furnish only that portion of the confidential
information which, in the written opinion of my counsel delivered to the
Company, is legally required; and (iii) exercise reasonable efforts to obtain
reliable assurances that confidential treatment will be accorded to the
confidential information.

      J. It is further understood and agreed that if my employment with the
Company should be terminated at any time prior to the third anniversary of the
date of this agreement as a result of a Termination Without Cause (defined
below) or a Termination With Good Reason (defined below), and if I am not then
or thereafter in material breach of this agreement, and upon the execution and
delivery to the Company by me of an agreement, in a form presented by the
Company and accepted by me, which acceptance shall not be unreasonably withheld
or delayed, releasing all claims which I may have against the Company (other
than claims for indemnification pursuant to Paragraph L hereunder), I will
receive, in full and complete settlement of any claims for compensation which I
may have, and in lieu of any severance pay under any policy of the Company or
otherwise, the following:

            (i) continued monthly payments, in accordance with the Company's
      regular payroll practices, for a period of twelve (12) months after the
      date of termination equal to the sum of (1) one-twelfth (1/12) of my
      annual base salary at the highest rate in effect at any time during the
      twelve (12)-month period prior to my date of termination, and (2)
      one-twelfth (1/12) of my target annual bonus for the fiscal year in which
      the date of termination occurs; and

            (ii) any payments and benefits which I, my spouse, dependents,
      beneficiaries or estate would have been entitled to receive pursuant to
      any employee benefit plan or program of the Company during the twelve
      (12)-month period following my termination had I remained an employee
      during that period, with such benefits provided to me at no less than the
      same coverage level and at no more of a cost to me as in effect as of the
      date of my termination subject to such reduction in coverage or increases
      in cost as shall become in effect for senior executive employees of the
      Company generally, provided however, that such continued payments and
      benefits shall terminate on the date or dates I receive equivalent
      coverage and benefits, without waiting period or pre-existing condition
      limitations, under the plans and programs of a subsequent employer (such
      coverage and benefits to be determined on a coverage-by-coverage or
      benefit-by-benefit basis).

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      As used herein, "Termination Without Cause" means any termination of my
employment by the Company other than a Termination With Cause (defined below).

      As used herein, "Termination With Cause" means termination by the Company
of my employment at any time after the Company believes in good faith it has
actual knowledge of the occurrence of any of the following events: gross neglect
of duty, material breach of this agreement, a material act of dishonesty or
disloyalty, the inability to discharge my material duties due to alcohol or drug
addiction, or gross misconduct inimical to the best interests of the Company;
provided however, that termination of employment due to unsatisfactory job
performance shall not be considered Termination for Cause; provided further,
however, that "Cause" shall not be deemed existing unless and until the Company
has delivered to me a copy of a resolution duly adopted by the Company's Board
of Directors at a meeting of the Board duly called (after reasonable (but in no
event less than seven (7) days) notice to me and an opportunity for me, together
with my counsel, to be heard before the Board), finding that in the good faith
opinion of the Board, I had engaged in the conduct set forth above and
specifying the particulars thereof in reasonable detail.

      As used herein, "Termination with Good Reason" means my termination of
employment at any time after I have actual knowledge of the occurrence, without
my written consent, of one of the following events: (i) a reduction in my base
compensation or a reduction in the health and welfare insurance, retirement and
car benefits available to me as of the commencement of employment, except for
reductions in such benefits applicable generally to executives at my level and
below: (ii) the reassignment of me to a position resulting in my not being the
Company's Chief Financial Officer or a comparable position, or a reporting
relationship other than to the CEO, President or COO of the Company; or (iii)
the location of my principal office is relocated to a location more than fifty
(50) miles from Nashville, Tennessee.

      It is understood and agreed that in the event of any termination of my
employment following a Change in Control (as defined in the Severance
Compensation Agreement dated the date hereof between me and the Company (the
"Change in Control Severance Agreement")), the provisions of the Change in
Control Severance Agreement shall control and the provisions in this Paragraph J
shall be void and of no further force or effect.

      In the event I voluntarily terminate my employment for any reason other
than as a result of a Termination with Good Reason or following a Change in
Control (as defined in the Change in Control Severance Agreement) prior to the
third anniversary of the date of this agreement, I agree to reimburse the
Company for any and all amounts reimbursed by the Company or paid by the Company
in respect of my relocation to Nashville, Tennessee pursuant to the offer of
employment from the Company dated November 8, 2004.

      The amounts payable to me under this Paragraph J are not eligible earnings
under any pension, savings, deferred compensation, bonus, incentive,
supplemental retirement benefit or other benefit plan of the Company.

      K. I expressly agree and understand that the remedy at law for any breach
by me of this agreement will be inadequate and that the damages flowing from
such breach are not readily susceptible to being measured in monetary terms.
Accordingly, it is acknowledged that upon any violation of any provision of this
agreement, the Company shall be entitled to immediate

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injunctive relief and may obtain a temporary order restraining any threatened or
further breach without the necessity of proof of actual damage. Nothing in this
agreement shall be deemed to limit the Company's remedies at law or in equity
for any breach by me of any of the provisions of this agreement which may be
pursued or availed of by the Company.

      L. It is understood and agreed that the Company will indemnify me
(including advancing expenses) to the fullest extent permitted by Tennessee law
and the Company's Charter and Bylaws for any judgments, amounts paid in
settlement and reasonable expenses, including reasonable attorneys' fees,
incurred by me in connection with the defense of any lawsuit or other claim to
which I am made a party by reason of being an officer, director or employee of
the Company or any of its subsidiaries.

      M. This agreement is not assignable by either party without the prior
written consent of the other except that the Company may assign it without such
consent to any parent, subsidiary or affiliated entity, and upon such entity's
assumption of the Company's duties and obligations hereunder, such entity shall
succeed to each of the Company's rights hereunder. Upon such assignment and
assumption, I agree to and will become an employee of such entity, and all
references to the Company in this agreement shall, as the context requires, be
deemed to be to the entity to which such assignment, assumption and employment
relate.

      N. No modification, waiver, amendment or addition to any of the terms of
this agreement shall be effective, except as set forth in a writing signed by me
and the Company. The failure of the Company to enforce any provision of this
agreement shall not be construed to be a waiver of such provision or of the
right of the Company thereafter to enforce each and every provision.

      O. This agreement and any amendments thereto shall become effective on the
date of acceptance by the Company and shall be governed by, and construed in
accordance with, the internal, substantive laws of the State of Tennessee. I
agree that the state and federal courts located in the State of Tennessee shall
have jurisdiction in any action, suit or proceeding against me arising out of
this agreement and I hereby: (a) submit to the personal jurisdiction of such
courts; (b) consent to service of process in connection with any action, suit or
proceeding against me; and (c) waive any other requirement (whether imposed by
statute, rule of court or otherwise) with respect to personal jurisdiction,
venue or service of process.

      P. This agreement and the Change in Control Severance Agreement supersede
the provisions of each and every other agreement or understanding, whether oral
or written, between the undersigned and the Company relating to the subject
matter contained herein, and any such agreement or understanding shall be of no
further force and effect. The provisions of this agreement are severable and if
any one or more provisions may be determined to be illegal or otherwise
unenforceable, in whole or in part, the remaining provisions and any partially
unenforceable provision, to the extent enforceable in any jurisdiction, shall,
nevertheless, be binding and enforceable. The parties hereto agree that when
fully executed, the foregoing shall constitute a legally enforceable agreement
between us, which also shall inure to the benefit of the Company's successors
and assigns.

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      Finally, I represent that prior to signing this agreement, I have read,
fully understand and voluntarily agree to the terms and conditions as stated
above, that I was not coerced to sign this agreement, that I was not under
duress at the time I signed this agreement and that, prior to signing this
agreement, I had adequate time to consider entering into this agreement,
including without limitation, the opportunity to discuss the terms and
conditions of this agreement, as well as its legal consequences, with an
attorney of my choice.

      This agreement shall become effective as of the commencement date of my
employment by the Company.

                                                Very truly yours,

                                                By: /s/ Lawrence E. Hyatt
                                                    -------------------------
                                                        Lawrence E. Hyatt

Acknowledged and agreed to
as of this 11th day of November, 2004

O'CHARLEY'S INC.

By: /s/ Gregory L. Burns
    ---------------------------
Title: CEO
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                                                                    EXHIBIT 10.3

      SEVERANCE COMPENSATION AGREEMENT dated as of November 15, 2004, between
O'Charley's Inc., a Tennessee corporation (the "Company"), and Lawrence E. Hyatt
(the "Executive").

      The Company's Board of Directors has determined that it is appropriate to
reinforce and encourage the continued attention and dedication of certain
members of the Company's senior management, including the Executive, to their
assigned duties without distraction in potentially disturbing circumstances
arising from the possibility of a change in control of the Company.

      This Agreement sets forth the severance compensation which the Company
agrees it will pay to the Executive if the Executive's employment with the
Company terminates under one of the circumstances described herein following a
Change In Control of the Company (as defined herein).

      1. TERM. This Agreement shall terminate, except to the extent that any
obligation of the Company hereunder remains unpaid as of such time, upon the
earliest of (i) three years from the date hereof if a Change in Control of the
Company has not occurred prior to such date; (ii) the termination of the
Executive's employment with the Company based on death, Disability (as defined
in Section 3(b)), Retirement (as defined in Section 3(c)) or Cause (as defined
in Section 3(d)) or by the Executive other than for Good Reason (as defined in
Section 3(e)); and (iii) eighteen months from the date of a Change in Control of
the Company.

      2. CHANGE IN CONTROL. No compensation shall be payable under this
Agreement unless and until (a) there shall have been a Change in Control of the
Company while the Executive is still an employee of the Company and (b) the
Executive's employment by the Company thereafter shall have been terminated in
accordance with Section 3. For purposes of this Agreement, a Change in Control
means the happening of any of the following:

            (i) any person or entity, including a "group" as defined in Section
      13(d)(3) of the Securities Exchange Act of 1934, other than the Company, a
      wholly-owned subsidiary thereof, any employee benefit plan of the Company
      or any of its Subsidiaries becomes the beneficial owner of the Company's
      securities having 30% or more of the combined voting power of the then
      outstanding securities of the Company that may be cast for the election of
      directors of the Company (other than as a result of an issuance of
      securities initiated by the Company in the ordinary course of business);
      or

            (ii) as the result of, or in connection with, any cash tender or
      exchange offer, merger or other business combination, sale of assets or
      contested election, or any combination of the foregoing transactions, less
      than a majority of the combined voting power of the then outstanding
      securities of the Company or any successor corporation or entity entitled
      to vote generally in the election of the directors of the Company or such
      other corporation or entity after such transaction are held in the
      aggregate by the holders of the Company's securities entitled to vote
      generally in the election of directors of the Company immediately prior to
      such transaction; or

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            (iii) during any period of two consecutive years, individuals who at
      the beginning of any such period constitute the Board cease for any reason
      to constitute at least a majority thereof, unless the election, or the
      nomination for election by the Company's shareholders, of each director of
      the Company first elected during such period was approved by a vote of at
      least two-thirds of the directors of the Company then still in office who
      were directors of the Company at the beginning of any such period.

      3. TERMINATION FOLLOWING CHANGE IN CONTROL. (a) If a Change in Control of
the Company shall have occurred while the Executive is still an employee of the
Company, the Executive shall be entitled to the compensation provided in Section
4 upon the subsequent termination of the Executive's employment with the Company
by the Executive or by the Company within eighteen months of the Change in
Control of the Company unless such termination is as a result of (i) the
Executive's death; (ii) the Executive's Disability (as defined in Section (3)(b)
below); (iii) the Executive's Retirement (as defined in Section 3(c) below);
(iv) the Executive's termination by the Company for Cause (as defined in Section
3(d) below); or (v) the Executive's decision to terminate employment other than
for Good Reason (as defined in Section 3(e) below).

         (b) DISABILITY. If, as a result of the Executive's incapacity due to
physical or mental illness, the Executive shall have been absent from his duties
with the Company on a full-time basis for six months and within 30 days after
written notice of termination is thereafter given by the Company the Executive
shall not have returned to the full-time performance of the Executive's duties,
the Company may terminate this Agreement for "Disability."

         (c) RETIREMENT. The term "Retirement" as used in this Agreement shall
mean termination by the Company or the Executive of the Executive's employment
based on the Executive's having reached age 65 or such other age as shall have
been fixed in any arrangement established with the Executive's consent with
respect to the Executive.

         (d) CAUSE. The Company may terminate the Executive's employment for
Cause. For purposes of this Agreement only, the Company shall have "Cause" to
terminate the Executive's employment hereunder only on the basis of fraud,
misappropriation or embezzlement on the part of the Executive. Notwithstanding
the foregoing, the Executive shall not be deemed to have been terminated for
Cause unless and until there shall have been delivered to the Executive a copy
of a resolution duly adopted by the affirmative vote of not less than
three-quarters of the membership of the Company's Board of Directors (excluding
the Executive if the Executive is then a member of the Board of Directors) at a
meeting of the Board called and held for the purpose (after reasonable notice to
the Executive and an opportunity for the Executive, together with the
Executive's counsel, to be heard before the Board), finding that in the good
faith opinion of the Board the Executive was guilty of conduct set forth in the
second sentence of this Section 3(d) and specifying the particulars thereof in
detail.

         (e) GOOD REASON. The Executive may terminate the Executive's employment
for Good Reason at any time during the term of this Agreement. For purposes of
this Agreement "Good Reason" shall mean any of the following (without the
Executive's express written consent):

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            (i) the assignment to the Executive by the Company of duties
      inconsistent with the Executive's position, duties, responsibilities and
      status with the Company immediately prior to a Change in Control of the
      Company, or a change in the Executive's titles or offices as in effect
      immediately prior to a Change in Control of the Company, or any removal of
      the Executive from or any failure to reelect the Executive to any of such
      positions, except in connection with the termination of his employment for
      Disability, Retirement or Cause or as a result of the Executive's death or
      by the Executive other than for Good Reason;

            (ii) a reduction by the Company in the Executive's base salary as in
      effect on the date hereof or as the same may be increased from time to
      time during the term of this Agreement;

            (iii) a relocation of the Company's principal executive offices to a
      location outside of Nashville, Tennessee, or the Executive's relocation to
      any place other than the location at which the Executive performed the
      Executive's duties prior to a Change in Control of the Company, except for
      required travel by the Executive on the Company's business to an extent
      substantially consistent with the Executive's business travel obligations
      at the time of a Change in Control of the Company;

            (iv) any material breach by the Company of any provision of this
      Agreement;

            (v) any failure by the Company to obtain the assumption of this
      Agreement by any successor or assign of the Company; or

            (vi) any purported termination of the Executive's employment by the
      Company which is not effected pursuant to a Notice of Termination
      satisfying the requirements of Section 3(f), and for purposes of this
      Agreement, no such purported termination shall be effective.

            (f) NOTICE OF TERMINATION. Any termination by the Company pursuant
to Section 3(b), 3(c) or 3(d) or by the Executive pursuant to Section 3(e) shall
be communicated by a Notice of Termination. For purposes of this Agreement, a
"Notice of Termination" shall mean a written notice which indicates those
specific termination provisions in this Agreement relied upon and which sets
forth in reasonable detail the facts and circumstances claimed to provide a
basis for termination of the Executive's employment under the provisions so
indicated. For purposes of this Agreement, no such purported termination by the
Company or by the Executive shall be effective without such Notice of
Termination.

            (g) DATE OF TERMINATION. "Date of Termination" shall mean (a) if
this Agreement is terminated by the Company for Disability, 30 days after Notice
of Termination is given to the Executive (provided that the Executive shall not
have returned to the performance of the Executive's duties on a full-time basis
during such 30-day period), (b) if the Executive's employment is terminated by
the Company for any other reason, the date on which a Notice of Termination is
given, or (c) if the Executive terminates his employment pursuant to Section
3(e), the date on which a Notice of Termination is given.

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      4. SEVERANCE COMPENSATION UPON TERMINATION OF EMPLOYMENT. (a) If the
Company shall terminate the Executive's employment within eighteen months
following a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d)
or if the Executive shall terminate his employment within eighteen months
following a Change in Control for Good Reason, then the Company shall pay to the
Executive as severance pay in a lump sum, in cash, on the fifth day following
the Date of Termination, an amount equal to the sum of (i) 150% of the average
of the aggregate annual salary paid to the Executive by the Company during the
three calendar years preceding the Change in Control of the Company and (ii)
150% of the highest bonus compensation paid to the Executive for any of the
three calendar years preceding the Change in Control of the Company; provided,
however, that if the lump sum severance payment under this Section 4, either
alone or together with other payments which the Executive has the right to
receive from the Company, would constitute a "parachute payment" (as defined in
Section 280G of the Internal Revenue Code of 1986, as amended (the "Code")),
such lump sum severance payment shall be reduced to the largest amount as will
result in no portion of the lump sum severance payment under this Section 4
being subject to the excise tax imposed by Section 4999 of the Code.

         (b) In addition to the lump sum payment provided in Section 4(a), if
the Company shall terminate the Executive's employment within eighteen months
following a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d)
or if the Executive shall terminate his employment within eighteen months
following a Change in Control for Good Reason, then the Company shall provide to
the Executive health insurance equivalent to that provided to the Executive
immediately prior to termination until the earlier of: (i) eighteen months
following the Date of Termination or (ii) such time as Executive is employed by
another employer and is covered or permitted to be covered by benefit plans of
another employer providing substantially similar coverage.

      5. NO OBLIGATION TO MITIGATE DAMAGES; NO EFFECT ON OTHER CONTRACTUAL
RIGHTS. (a) The Executive shall not be required to mitigate damages or the
amount of any payment provided for under this Agreement by seeking other
employment or otherwise, nor shall the amount of any payment provided for under
this Agreement be reduced by any compensation earned by the Executive as the
result of employment by another employer after the Date of Termination, or
otherwise.

         (b) The provisions of this Agreement, and any payment provided for
hereunder, shall not reduce any amounts otherwise payable, or in any way
diminish the Executive's existing rights, or rights which would accrue solely as
a result of the passage of time, under any benefit plan, incentive plan or stock
option plan, employment agreement or other contract, plan or arrangement.

      6. SUCCESSOR TO THE COMPANY. (a) The Company will require any successor or
assign (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of the business and/or assets of the
Company, by agreement in form and substance satisfactory to the Executive,
expressly, absolutely and unconditionally to assume and agree to perform this
Agreement in the same manner and to the same extent that the Company

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would be required to perform it if no such succession or assignment had taken
place. Any failure of the Company to obtain such agreement prior to the
effectiveness of any such succession or assignment shall be a material breach of
this Agreement and shall entitle the Executive to terminate the Executive's
employment for Good Reason. As used in this Agreement, "Company" shall mean the
Company as hereinbefore defined and any successor or assign to its business
and/or assets as aforesaid which executes and delivers the agreement provided
for in this Section 6 or which otherwise becomes bound by all the terms and
provisions of this Agreement by operation of law. If at any time during the term
of this Agreement the Executive is employed by any corporation, a majority of
the voting securities of which is then owned by the Company, "Company" as used
in Sections 3, 4, 11 and 12 hereof shall in addition include such employer. In
such event, the Company agrees that it shall pay or shall cause such employer to
pay any amounts owed to the Executive pursuant to Section 4 hereof.

         (b) This Agreement shall inure to the benefit of and be enforceable by
the Executive's personal and legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees. If the Executive should
die while any amounts are still payable to him hereunder, all such amounts,
unless otherwise provided herein, shall be paid in accordance with the terms of
this Agreement to the Executive's devisee, legatee, or other designee or, if
there be no such designee, to the Executive's estate.

      7. NOTICE. For purposes of this Agreement, notices and all other
communications provided for in the Agreement shall be in writing and shall be
deemed to have been duly given when delivered or mailed by United States
registered mail, return receipt requested, postage prepaid, as follows:

          If to the Company:

                   O'Charley's Inc.
                   3038 Sidco Drive
                   Nashville, Tennessee  37204
                   Attention:  President

          If to the Executive:

                   Lawrence E. Hyatt
                   3038 Sidco Drive
                   Nashville, Tennessee  37204

or such other address as either party may have furnished to the other in writing
in accordance herewith, except that notices of change of address shall be
effective only upon receipt.

      8. MISCELLANEOUS. No provisions of this Agreement may be modified, waived
or discharged unless such waiver, modification or discharge is agreed to in a
writing signed by the Executive and the Company. No waiver by either party
hereto at any time of any breach by the other party hereto of, or compliance
with, any condition or provision of this Agreement to be performed by such other
party shall be deemed a waiver of similar or dissimilar provisions or

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conditions at the same or at any prior or subsequent time. No agreements or
representations, oral or otherwise, express or implied, with respect to the
subject matter hereof have been made by either party which are not set forth
expressly in this Agreement. This Agreement shall be governed by and construed
in accordance with the laws of the State of Tennessee.

      9. VALIDITY. The invalidity or unenforceability of any provisions of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect.

      10. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same instrument.

      11. LEGAL FEES AND EXPENSES. In the event either party hereto shall
institute litigation against the other party hereto relating to the
interpretation or enforcement of this Agreement, the prevailing party in such
litigation shall be entitled to recover from the other party any and all
attorneys' and related fees and expenses incurred by the prevailing party in
such litigation.

      12. CONFIDENTIALITY. The Executive shall retain in confidence any and all
confidential information known to the Executive concerning the Company and its
business so long as such information is not otherwise publicly disclosed. The
provisions of this Section 12 are not intended to restrict the ability of the
Executive following termination of employment for any reason to engage in any
business which is, directly or indirectly, competitive with the business
conducted by the Company.

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

                                     O'CHARLEY'S INC.

                                     By: /s/ Gregory L. Burns
                                         ------------------------------------
                                     Name: Gregory L. Burns
                                           ----------------------------------
                                     Title: CEO
                                            ---------------------------------

                                     /s/ Lawrence E. Hyatt
                                     ----------------------------------------
                                     Lawrence E. Hyatt

                                       6

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