Document:

Exhibit

Exhibit  10.4

TRANSITION SERVICES AGREEMENT
THIS TRANSITION SERVICES AGREEMENT (this "Agreement"), dated __________, 2015 (the “Effective Date”), is entered into by and between Darden Restaurants, Inc., a Florida corporation ("Darden"), and Four Corners Property Trust, Inc., a Maryland corporation ("FCPT"), on behalf of itself and its Affiliates.  Darden and FCPT are each sometimes referred to herein as a "Party" and, collectively, as the "Parties".
WHEREAS, Darden and FCPT have entered into that certain Separation and Distribution Agreement, dated ______________, 2015 (the "Distribution Agreement"; capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Distribution Agreement), which provides, among other things, that Darden and FCPT shall enter into a Transition Services Agreement in connection with the transactions contemplated by the Distribution Agreement; 
WHEREAS, Darden and its Affiliates currently provide, and provided as of the date of the Distribution Agreement, certain services in support of the FCPT Business; and
WHEREAS, to facilitate the transition of the FCPT Business to FCPT, the Parties desire that, for a limited transition period, Darden and its Affiliates provide certain services to FCPT and its Affiliates on the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows:
1.Description of Services.

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(a)    Services.  Subject to the terms and provisions of this Agreement and solely for the purpose of facilitating the transition of the FCPT Business to FCPT, Darden shall (or shall cause its Affiliates to) provide to FCPT the services set forth on Exhibit 1 hereto (as such Exhibit 1 may be amended by the mutual agreement of the Parties in writing from time to time, the "Services Attachment") (the "Services").
(b)    Purchase of Additional or Modified Services.  From time to time, FCPT may request Darden to provide additional or modified Services that are not described in the Services Attachment, but are of a similar scope or nature as those used by Darden relating to the FCPT Business prior to the Distribution Date.  Darden will use commercially reasonable efforts to accommodate any reasonable requests by FCPT to provide such additional or modified Services.  In order to initiate a request for additional or modified Services, FCPT shall submit a request in writing to Darden specifying the nature of the additional or modified Services and the date on which it is requesting such Services to commence, and requesting a cost estimate (based on the general parameters set forth in this Agreement) and time frame for completion of such Services.  Darden shall respond in writing within ten (10) business days to such written request indicating whether it will provide such additional or modified Services and, if so, setting forth the terms and conditions thereof (including, without limitation, the cost for such additional or modified Services) and the date upon which it would be able to commence providing such additional or modified Services; provided that such ten (10) business day period shall be subject to reasonable extension if, due to the volume, frequency or type of requests submitted by FCPT, Darden's preparation of responses to such requests is materially interfering with, or is likely to materially interfere with, Darden's normal business activities.  If Darden has indicated that it will provide additional or modified Services requested by FCPT, and if FCPT accepts the terms and conditions set forth in Darden's response to such request (and the date upon which additional or modified Services would commence), then such additional or modified Services shall be provided hereunder and according to the terms agreed to by the Parties in a written amendment to the Services Attachment, which shall be consistent to the greatest extent practicable with the terms of this Agreement.
(c)    Ancillary Services.  Any functions, responsibilities, activities or tasks that are not specifically described in this Agreement or the Services Attachment, but are reasonably required for the proper performance and delivery of the Services (including any additional or modified Services), and are a necessary or inherent part of such Services, as performed by Darden, in the ordinary course of business, shall be deemed to be implied by and included within the scope of such Services, subject to any limitations set forth in this Agreement or the Services Attachment, to the same extent and in the same manner as if specifically described in this Agreement.
(d)    Modifications.  Unless otherwise provided for in this Agreement, if FCPT makes any change in the processes, procedures, practices, networks, equipment, configurations, or systems pertaining to the FCPT Business, and such change has a materially adverse impact on Darden's ability to provide any of the Services, then Darden shall be excused from performance of any such affected Service until FCPT mitigates the material adverse impact of such change or the Parties enter into an agreement to provide additional or 

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modified services that may be necessitated by such changes, and FCPT shall be responsible for all expenses incurred by Darden in connection with the cessation and, if applicable, the resumption of the affected Services.
(e)     Transition Plan.  The Parties shall agree on a transition plan after the execution of this Agreement (the "Transition Plan") which shall include: (i) a plan and timetable for the migration of FCPT away from the provision of Services by Darden; (ii) assistance in relation to migration; (iii) information in relation to the operation of the relevant information technology systems and the interface between such information technology systems for the purpose of implementing the migration referred to in this Section (including the applicable Services listed in the Services Attachment); (iv) respective responsibilities of the Parties in carrying out the migration; and (v) safeguards to ensure minimal disruption to both Parties' ongoing businesses during the migration. Each Party shall implement and comply with its obligations under the Transition Plan as agreed to by the Parties.  Except as may otherwise be expressly provided in the Transition Plan or Services Attachment, as applicable, FCPT shall bear all costs associated with the migration by FCPT away from the Services provided by Darden pursuant to the Transition Plan. 
(f)    Representatives.
(i)    Service Representatives.  Each Party will designate an individual who shall be the primary interface for the purposes of coordinating the Services provided hereunder (the "Service Representative").  Such individual shall (A) coordinate with the other Party and its Service Representative to provide the relevant contacts in that Party's applicable departments for the purposes of implementing and performing the Services, (B) evaluate in consultation with the other Party's Service Representative when a particular Service may be terminated, and (C) have the authority and power to make decisions with respect to actions to be taken by such Party with respect to the provision of Services under this Agreement.  The Service Representative shall perform the duties required hereby in a professional and timely manner.  Each Party may change its Service Representative by giving written notice to the other Party in accordance with the notice provisions of this Agreement.
(ii)    Obligations of the Service Representatives.  Each Party shall, or shall ensure that its Service Representative, as applicable, respond within a commercially reasonable time to any reasonable requests by the other Party or its Service Representative for such Party's Service Representative to provide directions, instructions, approvals, authorizations, decisions or other information reasonably necessary for Darden to perform any Services.  
(iii)    Meetings of the Service Representatives.  The Service Representatives shall meet on a monthly basis (which meeting may be held telephonically) during the Term.  The purpose of such meetings shall be to discuss the Services and each Party's obligations under this Agreement, including operational details, transitional matters, dispute resolution and any other issues related 

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to this Agreement.  Such meetings will take place at mutually agreed locations (including by teleconference) and may include a reasonable number of additional representatives from either Party.
(g)    Standard of the Provision of Services.  Darden shall provide the Services in a manner and at a level as more particularly described in Section 8 of this Agreement.  Darden shall provide Services in accordance in all material respects with all applicable Laws.  
2.    Term.
(a)    The term of this Agreement shall commence on the Effective Date and, unless terminated earlier in accordance with Section 12, expire on the latest end date with respect to all Services specified in the Services Attachment (the "Term"). Thereafter, if FCPT desires and Darden agrees to continue to perform any of the Services after the Term has expired, the Parties shall negotiate in good faith to determine an amount that compensates Darden for all of its costs for such performance; provided, however, that in no event shall any of the Services be performed after the date that is one year after the Effective Date.  However, should Darden fail to complete performance of any Service(s) within the Term identified in the Services Attachment for such Service(s), and such failure does not result from the actions or inactions of FCPT or a force majeure event (as defined in Section 16 herein), the Term for such incomplete Service(s) shall be extended to accommodate complete performance without additional charge to FCPT; provided, however, that in no event shall any of the Services be performed after the date that is one year after the Effective Date. The Services so performed by Darden after the expiration of the Term shall continue to constitute Services under this Agreement and be subject in all respects to the provisions of this Agreement for the duration of the extension period. 
(b)    Darden shall (or shall cause its Affiliates to) provide each Service for the period commencing on the Effective Date and ending on the earlier to occur of (i) the expiration of the term with respect to such Service (as set forth in the Services Attachment), or (ii) the date that the Parties mutually agree in writing that such Service is no longer required to be provided by Darden or its Affiliates, subject to earlier termination of this Agreement or termination of all or a portion of the Services, as set forth in Section 12 hereof. Notwithstanding the foregoing, FCPT shall (and shall cause its Affiliates to) use commercially reasonable efforts to transition the Services to another provider as quickly as practicable or, as applicable, to cause FCPT and/or its Affiliates to provide the Services.
3.    Consideration for Services.  As consideration for the Services, FCPT shall pay to Darden the monthly service fee (the "Service Fee") for each of the Services as set forth in the Services Attachment and for all out-of-pocket costs and expenses paid to third parties actually incurred by Darden in the provision of the Services that are approved in writing (including by electronic mail) by FCPT's Service Representative prior to Darden incurring such out-of-pocket expense; provided, however, Darden shall not be required to perform Services until FCPT has approved any related third-party costs and expenses.

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4.    Terms of Payment.
(a)    As promptly as practicable following the end of each calendar month during the Term, Darden shall submit to FCPT in writing an invoice setting out in reasonable detail each Service performed by Darden during the preceding month and the related Service Fee and any costs and expenses.  Subject to subsection (c) below, FCPT shall pay the amount shown on each such invoice no later than thirty (30) calendar days after receipt of such invoice; payment shall be made without withholding or deduction of any kind.  Subject to subsection (c) below, if such amount is not received in full by Darden within such 30-day period, FCPT shall also pay Darden interest on the unpaid portion from and after the last day of such 30-day period following receipt of such invoice until paid in full, at a rate per annum equal to the prime lender rate as reported on the last day of the calendar month in respect of such invoice by the Wall Street Journal.
(b)    Any transition, excise, sales, use or similar tax charged to, assessed on or incurred by the rendering of the Services shall be split equally between Darden, on the one hand, and FCPT, on the other hand, and FCPT's share shall be specified by Darden on an invoice and paid by FCPT to Darden in addition to the Service Fees; provided, however, Darden shall be solely responsible for its own income taxes. 
(c)    Should FCPT dispute in good faith any portion or the entire amount due on any invoice or require any adjustment to an invoiced amount, FCPT shall promptly notify Darden in writing of the nature and basis of the dispute and/or adjustment within fifteen (15) business days after FCPT's receipt of such invoice.  If FCPT fails to notify Darden within such 15-day period, the invoiced amount shall be deemed to be accurate and correct and shall not be subject to dispute or contest by FCPT or any Affiliate thereof.  In the event FCPT timely delivers notice of a dispute and/or adjustment, the Parties shall use their reasonable best efforts to resolve such matter within thirty (30) calendar days and FCPT shall not be required to pay any contested amount until the dispute is resolved.  FCPT shall pay to Darden within fifteen (15) business days following agreement by the Parties any portion of a previously contested amount that is determined by the Parties to be payable by FCPT, with interest from and after the date payment was originally due from FCPT through, but excluding, the date of payment by FCPT, at the rate per annum equal to the prime lender rate as reported on the last day of the calendar month in respect of the applicable invoice by the Wall Street Journal. 
5.    Method of Payment.  All amounts payable by FCPT hereunder shall be remitted to Darden by wire transfer of immediately available funds in United States dollars to a bank to be designated in the invoice or otherwise in writing by Darden, unless otherwise provided for and agreed upon in writing by the Parties.

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6.    Accounting Records and Documents.
(a)    Darden or its Affiliates shall be responsible for maintaining full and accurate accounts and records of all Services rendered pursuant to this Agreement and such additional information as FCPT may reasonably request for purposes of their internal bookkeeping, accounting, operations and management.  Darden shall maintain its accounts and records in accordance with past practice; provided, that, to the extent full and accurate information is not relied upon by Darden in the ordinary course of business with respect to any particular item, unit or market/sub-market, Darden shall maintain such accounts and records on the basis of appropriate and reasonable allocations.  Darden shall keep such accounts and records available, during all reasonable business hours during the Term of this Agreement, at its principal offices, or at such other location as required by applicable Laws, for audit, inspection and copying by FCPT and its authorized Representatives, upon reasonable notice, authorized by them or any governmental agency having jurisdiction over FCPT and/or its subsidiaries; provided, that, the costs or expenses incurred by FCPT or Darden for any such audit, inspection or copying shall be the sole responsibility of FCPT.
(b)    At any time during the Term of this Agreement, FCPT or its authorized Representatives shall have the right to inspect and audit Darden's accounts, books and records relating to the Services upon five (5) business days prior written notice during regular business hours and without undue disruption of the normal operations of Darden.
(c)    All information FCPT, its Affiliates and its other authorized Representatives gain access to pursuant to this Section 6 shall be subject to the terms of the confidentiality provisions set forth in Section 13 of this Agreement.
7.    Consents.
(a)    If any consent or approval of, or notice to, any third party is required to implement the terms of this Agreement ("Third Party Consent"), FCPT and Darden shall each use their respective commercially reasonable efforts to obtain any Third Party Consent as soon as reasonably practicable, each at the cost of FCPT.  If any such Third Party Consent is refused or not obtained within three (3) months after the Distribution Date, the Parties shall co-operate in good faith to agree and implement reasonable alternative arrangements which achieve the same commercial effect as that contemplated by this Agreement.
(b)    If either Party so requests, the other Party shall provide all reasonable assistance in obtaining any Third Party Consent and neither Party will unreasonably do or omit to do anything which would cause any relevant third party to refuse to grant or to terminate or revoke any Third Party Consent.

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8.    Performance Standards.  In providing the Services to FCPT under this Agreement, Darden shall (and shall cause its controlled subsidiaries to):
(a)    in the case of any Services for which Darden is not dependent on the performance of third parties, provide such Services in a timely and professional manner generally consistent with the past practices of Darden and its controlled subsidiaries in providing the same or similar Services to the FCPT Business prior to the execution of the Distribution Agreement (or, to the extent the same or similar services have not previously been provided, consistent with general industry standards) and in conformance in all material respects with any service levels set forth in the applicable Services Attachment; and 
(b)    in the case of any Services for which Darden is dependent on the performance of third parties, provide such Services in a manner consistent with the level of performance that Darden receives from such third party.
9.    No Representations or Warranties.  EXCEPT AS SET FORTH IN SECTION 8, THE SERVICES ARE PROVIDED “WITH ALL FAULTS” AND “AS IS” AND DARDEN MAKES NO EXPRESS OR IMPLIED WARRANTY WITH RESPECT TO THE SERVICES, AT LAW OR IN EQUITY, INCLUDING, WITHOUT LIMITATION, WITH RESPECT TO MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE.  ANY AND ALL OTHER REPRESENTATIONS, WARRANTIES OR GUARANTIES, WRITTEN OR ORAL, EXPRESS OR IMPLIED IN FACT OR IN LAW, AND WHETHER OR NOT BASED ON STATUTE, ARE EXCLUDED AND EXPRESSLY DISCLAIMED.  DARDEN DOES NOT WARRANT UNINTERRUPTED OR ERROR-FREE PROVISION OF SERVICES.
10.    Status of Employees and Facilities; Proprietary Rights.  
(a)    Whenever Darden utilizes its (or its Affiliates') employees to perform the Services for FCPT pursuant to this Agreement, such employees shall at all times remain subject to the direction and control of Darden (or its Affiliates), and FCPT shall have no liability to such persons for their welfare, salaries, fringe benefits, legally required employer contributions and tax obligations by virtue of the relationships established under this Agreement.  Darden shall have complete discretion to supervise and manage such employees and any third-party contractors providing the Services on behalf of Darden, and Darden is not required to continue employment for any specific individual personnel of Darden or its Affiliates or to maintain engagements with specific third-party contractors.  No equipment or facility of Darden used in performing the Services for or subject to use by FCPT shall be deemed to be transferred, assigned, conveyed or leased by such performance or use.  Darden shall maintain appropriate security, maintenance and insurance coverage on such equipment or facility.

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(b)    Except as set forth in the Services Attachment, to the extent Darden or its Affiliates use any proprietary intellectual property rights owned by or licensed to Darden or its Affiliates in providing the Services, such proprietary intellectual property rights and any derivative works thereof, or modifications or improvements thereto, conceived or created as part of the provision of Services ("Improvements") will, as between the Parties, remain the sole property of Darden or its Affiliate, as applicable, unless any such Improvement was created for FCPT pursuant to a certain Service and at FCPT's request. If any Improvement is created for FCPT pursuant to a certain Service or other proprietary intellectual property rights are created specifically for FCPT pursuant to Services provided under the Services Attachment (a "FCPT Specific Improvement"), such FCPT Specific Improvement shall be owned by FCPT.  The applicable Party will and hereby does assign to the applicable owner designated above, and agrees to assign automatically in the future upon first recordation in a tangible medium or first reduction to practice, all of such Party's right, title and interest in and to all Improvements, if any.  All rights not expressly granted herein are reserved.  
11.    Indemnification.
(a)    From and after the date of this Agreement, Darden shall indemnify, defend and hold harmless the FCPT Indemnified Parties from and against all losses, damages, liabilities, deficiencies, claims, interest, awards, judgments, penalties, costs and expenses (including reasonable attorneys’ fees, costs and other reasonable out-of-pocket expenses incurred in investigating, preparing or defending the foregoing) (hereinafter collectively, “Losses”)  asserted against, imposed upon or incurred by the FCPT Indemnified Parties to the extent resulting from, arising out of, based upon or otherwise in respect of the gross negligence or willful misconduct of Darden or its Affiliates or Representatives in the performance of Darden's obligations under this Agreement.  
(b)    From and after the date of this Agreement, FCPT shall indemnify, defend and hold harmless the Darden Indemnified Parties from and against all Losses asserted against, imposed upon or incurred by the Darden Indemnified Parties to the extent resulting from, arising out of, based upon or otherwise in respect of this Agreement or the Services other than Losses asserted against, imposed upon or incurred by the Darden Indemnified Parties to the extent resulting from, arising out of, based upon or otherwise in respect of the gross negligence or willful misconduct of Darden or its Affiliates or Representatives in the performance of Darden's obligations under this Agreement.
(c)    In the event Darden (or any Darden Indemnified Party) or FCPT (or any FCPT Indemnified Party) shall have a claim for indemnity against the other Party under the terms of this Agreement, the Parties shall follow the procedures set forth in Article VII of the Distribution Agreement as if fully set forth herein.
(d)    Independent of, severable from, and to be enforced independently of any other enforceable or unenforceable provision of this Agreement, NO PARTY WILL BE LIABLE TO ANY OTHER PARTY (NOR TO ANY PERSON CLAIMING RIGHTS 

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DERIVED FROM ANY OTHER PARTY'S RIGHTS) FOR PUNITIVE, EXEMPLARY, SPECIAL, CONSEQUENTIAL OR INDIRECT DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, ANY LOSS OF USE, LOSS OF BUSINESS, LOSS OF PROFIT OR LOSS OF GOODWILL.  Further, indemnification shall be limited to actual Losses which in no event shall exceed the total amount of compensation payable to Darden hereunder.
(e)    Except as otherwise provided in this Section 11, Darden's sole responsibility to FCPT for errors or omissions in providing the Services shall be to re-perform such Services promptly and properly in a diligent manner, at no additional cost or expense; provided, however, that each Party shall use reasonable best efforts to detect any such errors or omissions and promptly advise the other Party of any such error or omission of which it becomes aware.
12.    Termination.  
(a)    This Agreement may be terminated prior to expiration of the Term in accordance with the following:
(i)    upon the mutual written agreement of the Parties;
(ii)    by either Darden, on the one hand, or FCPT, on the other hand, for material breach of any of the terms hereof by Darden or by FCPT, respectively, (A) if such breach is curable within thirty (30) calendar days and such breach shall not have been cured within thirty (30) calendar days after written notice of breach is delivered to the defaulting Party and (B) if such breach is not curable within thirty (30) calendar days and such breach shall not have been addressed by the defaulting Party through a good faith plan to cure such breach as promptly as practicable; 
(iii)    by Darden if FCPT shall fail to pay for Services in accordance with the terms of this Agreement (and such payment is not disputed by FCPT in good faith in accordance with Section 4(c) hereof) and such breach is not cured within ten (10) calendar days after written notice of breach is delivered to FCPT, including by electronic mail to FCPT's Service Representative; or
(iv)    by either Darden, on the one hand, or FCPT, on the other hand, upon written notice to Darden, on the one hand, or FCPT, on the other hand, if the other Party files a proceeding in bankruptcy, receivership, rehabilitation or reorganization, or for composition, liquidation or dissolution or for similar relief, or there is a filing against such person of any such proceeding which is not dismissed within sixty (60) calendar days after the filing thereof.
(b)    In addition, this Agreement may be terminated solely with respect to any one or more Service(s) or additional service(s) provided hereunder prior to the expiration of the Term either upon the mutual written agreement of the Parties or in accordance with the following:

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(i)    If FCPT desires to terminate a Service, FCPT shall complete and deliver to Darden a Service Termination Request Form, substantially in the form attached hereto as Exhibit 2.  In completing the Service Termination Request Form, FCPT shall refer to the Service it wishes to terminate (the "Terminated Service") as it is specifically named in the Services Attachment, and the requested date of termination.  In the event that FCPT requests termination of a Service as of a date that is less than sixty (60) days following delivery of the Service Termination Request Form, FCPT shall nonetheless be obligated to pay Darden for the cost of providing such Service through the end of such sixty (60)-day period, notwithstanding such termination unless Darden shall otherwise agree in writing.
(ii)    Unless the requested date of termination is set forth on the Service Termination Request Form, Darden shall cease such Terminated Service(s) or additional service(s) as soon as practicable after Darden's receipt of the Service Termination Request Form.  If Darden ceases any Terminated Service(s) prior to the date that is sixty (60) calendar days after Darden has received such written notification from FCPT, then FCPT will compensate Darden for the cost of Darden providing such Terminated Service(s) through the end of such sixty (60) calendar day period, notwithstanding such termination unless Darden shall otherwise agree in writing.
(iii)    If a Service is terminated, the Services Attachment shall be updated, as applicable, to reflect such termination.  
(c)    Immediately following expiration or termination of this Agreement, each Party shall, except as otherwise provided in any other Transaction Agreement, return to the other Party (and make no further use of) all proprietary information of the other Party in each Party’s possession or control, including, in the case of FCPT, any Darden Confidential Information and, in the case of Darden, any FCPT Confidential Information.   Likewise, except as otherwise provided in any other Transaction Agreement or as necessary to comply with applicable law, within thirty (30) days following any such termination or expiration, each Party shall return to the other Party (and make no further use of) all copies of all proprietary information of the other Party in each Party's possession or control, including, in the case of FCPT, any Darden Confidential Information and, in the case of Darden, any FCPT Confidential Information.  
13.    Confidentiality.  Each Party acknowledges that during the course of providing Services hereunder, or in the course of receiving Services hereunder, the other Party may disclose to it certain confidential information.  Each Party agrees to use such confidential information only for the purposes for which it was disclosed and in accordance with the terms and conditions set forth in Section 8.2 of the Distribution Agreement and the obligations hereunder shall survive until the later of (i) five (5) years after the date of disclosure of confidential information hereunder or (ii) so long as may be required by Law.  
14.    Independent Contractor Status.  Each Party shall be deemed to be an independent contractor to the other Party.  Nothing contained in this Agreement shall create or be deemed to create an employment, agency, joint venture or partnership relationship between Darden and FCPT.  The terms of this Agreement are not intended to cause any of the Parties and their Affiliates to become a joint employer 

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for any purpose.  Each of the Parties agrees that the provisions of this Agreement as a whole are not intended to, and do not, constitute control of the other Party (or any Affiliates thereof) or provide it with the ability to control such other Party (or any Affiliates thereof), and each Party expressly disclaims any right or power under this Agreement to exercise any power whatsoever over the management or policies of the other Party (or any Affiliates thereof).  Nothing in this Agreement shall oblige either Party to act in breach of the requirements of any Law applicable to it, including securities laws, written policy statements of securities commissions and other regulatory authorities, and the by-laws, rules, regulations and written policy statements of relevant securities and self-regulatory organizations.
15.    Governing Law.  THIS AGREEMENT SHALL BE GOVERNED, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE (WITHOUT REGARD TO THE CHOICE OF LAW PROVISIONS THEREOF).
16.    Force Majeure.  Neither Party shall be held liable for any delay or failure in performance of any part of this Agreement (other than outstanding payment obligations hereunder) from acts of God, acts of civil or military authority, embargoes, epidemics, war, terrorist acts, riots, insurrections, fires, explosions, earthquakes, nuclear accidents, floods, strikes, and power blackouts.  Upon the occurrence of a condition described in this Section 16, the Party whose performance is prevented shall give written notice to the other Party and the Parties shall promptly confer, in good faith, to agree upon equitable, reasonable action to minimize the impact, on both Parties, of such conditions.
17.    Dispute Resolution Procedures.  
(a)    Other than such disputed matters addressed by Section 4(c), if a dispute arises between the Parties with respect to the terms and conditions of this Agreement, a Party's performance of its obligations hereunder, or any matter relating to the Services ("Dispute"), the Parties agree to use and follow this dispute resolution procedure described in this Section 17 prior to initiating any judicial action.
(b)    Claims Procedure.  If a Party shall have a Dispute, such Party shall provide written notice to the other Party in accordance with the provisions of Section 19 of this Agreement, in the form of a claim identifying the nature of the Dispute in sufficient detail to describe the basis for the claim (a "Dispute Notice").  Upon receipt of the Dispute Notice, the other Party shall have ten (10) calendar days to provide a written response to the Dispute Notice (the "Response").  The Party providing the Dispute Notice shall have an additional five (5) calendar days following its receipt of the Response to accept the proposed resolution or to request implementation of the procedure set forth in Section 17(c) below (the "Escalation Procedure").  Failure to comply with the time limitations set forth in this Section 17 shall result in the implementation of the Escalation Procedure. 

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(c)    Escalation Procedure.  At the written request of a Party involved in the Dispute and in compliance with Section 17(b), each Party shall appoint a knowledgeable senior officer to negotiate in good faith to resolve such Dispute (the "Negotiating Representatives").  The Negotiating Representatives must be empowered to decide the issues presented in any Dispute.  The Negotiating Representatives will attempt to resolve the Dispute within five (5) business days of receiving the written request.  If the Dispute cannot be resolved within that time period, then the Parties may resort to litigation in accordance with Section 9.2 of the Distribution Agreement.  During the time period of any Dispute, each Party shall continue to perform its respective obligations under this Agreement (except in the event FCPT fails to pay amounts due in accordance with Section 4 hereunder).
18.    Amendments; Waivers.  No alteration, modification or change of this Agreement, including the Services Attachment, shall be valid except by an agreement in writing executed by the Parties.  Except as otherwise expressly set forth herein, no failure or delay by any Party in exercising any right, power or privilege hereunder (and no course of dealing between or among any of the Parties) shall operate as a waiver of any such right, power or privilege.  No waiver of any default on any one occasion shall constitute a waiver of any subsequent or other default. No single or partial exercise of any such right, power or privilege shall preclude the further or full exercise thereof
19.    Notices.  All notices, demands and requests required or permitted to be given under the provisions of this Agreement shall be (i) in writing, (ii) sent by facsimile (with receipt personally confirmed by telephone), delivered by personal delivery, or sent by commercial delivery service or certified mail, return receipt requested, (iii) deemed to have been given on the date telecopied with receipt confirmed, the date of personal delivery, or the date set forth in the records of the delivery service or on the return receipt, and (iv) addressed as follows:
If to Darden or a member of the Darden Group, to:
c/o Darden Restaurants, Inc.
1000 Darden Center Drive
Orlando, Florida 32837
Attention:    Chief Executive Officer
Chief Financial Officer

with copies to:
Hogan Lovells US LLP
Columbia Square

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555 Thirteenth Street, NW
Washington, DC 20004 
Attention:    Stuart G. Stein, Esq.
and
Skadden, Arps, Slate, Meagher & Flom LLP
4 Times Square
New York, NY 10036
Attention:    Joseph A. Coco, Esq.
Allison Land, Esq.
if to FCPT:

Four Corners Property Trust, Inc.
               

Attention:    Chief Executive Officer

or to any other or additional persons and addresses as the Parties may from time to time designate in a writing delivered in accordance with this Section 19.
20.    Assignment; Benefit and Binding Effect.  No Party may assign this Agreement without the prior written consent of each of the other Party; provided, however, Darden, without the consent of FCPT, may assign this Agreement to any Affiliate of Darden, and FCPT may, without the consent of Darden, assign this Agreement to any Affiliate of FCPT, but none of the assignments described in this sentence shall relieve the assignor of its obligations hereunder and, provided further, that any Party may make a collateral assignment of its rights hereunder for the benefit of its lenders.  This Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns.  The provisions of this Agreement shall be for the exclusive benefit of the Parties (and their successors and permitted assigns) and shall not be for the benefit of any other Person.
21.    Severability.  If any provision of this Agreement or the application thereof to any Person or circumstance shall be invalid or unenforceable to any extent, the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by Law.  Upon such determination that any term or 

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other provision is invalid or unenforceable, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the greatest extent possible.  
22.    Entire Agreement.  The Distribution Agreement, this Agreement, the Schedules and Exhibits hereto and thereto, and the Transition Plan collectively represent the entire understanding and agreement of the Parties with respect to the subject matter of this Agreement.  Each Party hereby represents, acknowledges and agrees that it has not relied on any representation, warranty, covenant, understanding, agreement, written or oral, discussion, or negotiation not expressly contained herein or in the Distribution Agreement in entering into this Agreement.    
23.    Captions.  The captions contained in this Agreement are for reference purposes only and are not part of this Agreement.
24.    Counterparts.  This Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.  
25.    Specific Performance.  The Parties acknowledge that monetary damages may not be an adequate remedy for violations of this Agreement and that any Party may, in its sole discretion and in addition to all other rights and remedies available in law or in equity, to the extent permitted hereunder, apply for specific performance or injunctive or other relief with a court of competent jurisdiction as such court may deem just and proper in order to enforce this Agreement or to prevent violation hereof and, to the extent permitted by applicable Law, each Party waives any objection to the imposition of such relief.
26.    Remedies Cumulative.  All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof at law or in equity shall, be cumulative and not alternative, and the exercise or beginning of the exercise of any right, power or remedy thereof by a Party shall not preclude the simultaneous or later exercise of any other such right, power or remedy by such Party.
27.    General Cooperation.  Subject to the terms and conditions set forth in this Agreement, Darden's obligations under this Agreement shall be conditioned on FCPT using all commercially reasonable efforts to provide information and documentation sufficient for Darden to perform the Services as they were performed prior to the date of this Agreement, and make available, as reasonably requested by Darden, sufficient resources and timely decisions, approvals and acceptances in order that Darden accomplish its obligations under this Agreement in a timely and efficient manner.
28.    Controlling Provisions.  If there is any conflict or inconsistency between the terms and conditions set forth in the main body of this Agreement and the Services Attachment, the provisions of the Services Attachment shall control with respect to the rights 

14

and obligations of the Parties regarding the Services.  If there is any conflict or inconsistency between the terms and conditions of this Agreement and the Distribution Agreement, the provisions of this Agreement shall control solely with respect to the rights and obligations of the Parties regarding the Services.
29.    No Set-Off.  The obligations under this Agreement shall not be subject to set-off for non-performance or any monetary or non-monetary claim by any Party or any of their respective Affiliates under any other agreement between the Parties or any of their respective Affiliates.
30.    Parties in Interest.  Other than Persons entitled to receive indemnification under Section 10, nothing in this Agreement, express or implied, is intended to confer on any Person other than the Parties and their respective successors and permitted assigns any rights or remedies under or by virtue of this Services Agreement.  Each FCPT Indemnified Party other than FCPT, and each Darden Indemnified Party other than Darden, is an express, third-party beneficiary of Section 11.
31.    Data Protection.  Each Party shall comply with its obligations under all applicable data protection laws in respect of the Services to be provided under this Agreement.  Each Party agrees in respect of any such personal data supplied to it by the other Party that it shall: (a) only act on instructions from the other Party regarding the processing of such  personal data under this Agreement and shall ensure that appropriate technical and organizational measures shall be taken against unauthorized or unlawful processing of the personal data and against accidental loss or destruction of, or damage to, the personal data; and (b) comply with any reasonable request made by the other Party to ensure compliance with the measures contained in this Section.
32.    Further Assurances.   Each Party shall perform all other acts and execute and deliver all other documents as may be necessary to secure all necessary authorizations and approvals of this Agreement by all applicable governmental bodies in the United States of America, and as otherwise may be required to give effect to the terms and conditions of this Agreement.
[Remainder of page intentionally left blank]

15

IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be executed on its behalf on the day and year first above written.

	
		
	DARDEN RESTAURANTS, INC.

	 
	 

	 
	 

	 
	 

	By:
	 

	Name:
	 

	Title:
	 

	 
	 

	 
	 

	 
	 

	FOUR CORNERS PROPERTY TRUST, INC.

	 
	 

	 
	 

	By:
	 

	Name:
	 

	Title:
	 

	 
	 

16

EXHIBIT 1

SERVICES ATTACHMENT

The Services shall consist of those items set forth in the following table, or such subset of the Services set forth in the following table as shall be agreed upon by the Parties prior to the Effective Date.

17

	
					
	Information Technology Services

	1-1
	Application Usage and Support (Restaurant Facing Systems, Culinary & Supply Chain Systems, Financial Systems, HR Systems, Reporting Capabilities) 
The services described below are applicable to all business systems listed in the attached Table 1.0 
•    Provide continued access to, and use of, business systems under Provider user policies and procedures
•    Provide application hosting services and infrastructure maintenance required to support the applications  
•    Provide maintenance and monitoring of the systems including: system uptime, system performance, and minor patches / updates 
	$3,158
	90 Days
	Provider:
Jordan Lomas
SVP, Infrastructure and Business Solutions
Darden

Recipient:
Carol Dilts
VP of Operations
Kerrow Holdings 

	1-2
	Infrastructure – Logical Network / User Access / Security
•    Provide maintenance and administration of Recipient’s Active Directory environment 
•    Provide user account maintenance, including: addition, modification, or deletion of Recipient employees for Active Directory as well as business systems listed in Table 1.0 
•    Provide data and logical system security using Provider’s practices for business systems listed in Table 1.0
	$2,000
	90 Days 

	Provider:
Jordan Lomas
SVP, Infrastructure and Business Solutions
Darden

Recipient:
Carol Dilts
VP of Operations
Kerrow Holdings 

	1-3
	Infrastructure – Data Center Operations
•    Maintain existing data center facilities including all servers, storage, network infrastructure, and other required physical IT infrastructure to support the business systems listed in Table 1.0
•    Maintain and administer IT infrastructure supporting the business systems listed in Table 1.0, including: performance monitoring of batch jobs and “business as usual” upgrades/patch maintenance 
•    Perform data backups and disaster recovery for business systems listed in Table 1.0

	$10,655
	90 Days 

	Provider:
Jordan Lomas
SVP, Infrastructure and Business Solutions
Darden

Recipient:
Carol Dilts
VP of Operations
Kerrow Holdings

18

	
					
	1-4
	Infrastructure – Network and Telecommunications
•    Monitor and maintain LAN connectivity for Recipient devices, including performance monitoring and network segregation (where possible)
•    Monitor and maintain restaurant network connectivity 
•    Provide level one support services for restaurant network equipment (including: routers, switches, and security devices) that were in place as of the Effective Date (no new equipment outside of existing footprint) 
•    Provide remote access (via existing VPN tools) to business systems listed in Table 1.0 under Provider’s user policies and procedures
•    Provide continued maintenance for voice communications through existing third-party contracts (provided permission is granted by the applicable third-party providers)

	$750
	90 Days 

	Provider:
Jordan Lomas
SVP, Infrastructure and Business Solutions
Darden

Recipient:
Carol Dilts
VP of Operations
Kerrow Holdings Bill Lenehan  

	1-5
	PC Support and Restaurant Help Desk
•    Provide corporate end user computing support (i.e., general break / fix) for relevant IT infrastructure and business systems listed in Table 1.0
•    Provide IT support to restaurant locations for general infrastructure and business systems listed in Table 1.0   
•    Provide users with continued access to Provider’s IT help desk and PC support via existing channels (i.e., phone, email, or the self-service ticketing)
•    Procure and provision Recipient replacement IT assets, consistent with the current design, topology, and support models
•    Provide coordination for all site equipment maintenance via existing third-party partner(s), including: Point of Sale (POS) terminals, Kitchen Display System (KDS) equipment, routers, switches, phones, and security devices

Service Limitations
While operating on the Provider’s network, Recipient users will be required to use the Provider’s standard desktop/laptop image (hardware and software)

	$1,250
	90 Days 

	Provider:
Jordan Lomas
SVP, Infrastructure and Business Solutions

Recipient:
Carol Dilts
VP of Operations
Kerrow Holdings

19

	
					
	1-6
	General Consultative Services
•    Provide general consultative advice and facilitate discussions with NCR on ALOHA technology used in the restaurant including:  systems setup and configuration, data management, system to system interfaces, infrastructure configuration and operations, vendor management, and reporting / analytics
	$6,000

*Note: This service fee assumes a minimum of 40 hours per month at $150 per hour – Darden will continue to charge $150/ hour for hours incurred over the 40 hour threshold, as needed 

	90 Days
	Provider:
Jordan Lomas
SVP, Infrastructure and Business Solutions

Recipient:
Carol Dilts
VP of Operations
Kerrow Holdings

20

	
					
	Table 1.0 – Application List (notable applications in bold)

	Restaurant Facing
	Culinary & Supply Chain
	Financial Systems
	HR Systems
	Infrastructure

	AJB
DASH
Guest Count Forecasting
HVAC Monitoring
iShift
KDS
LMS
Par Pull
RWA Admin
Security Cameras
TimeOff
TMS, DCIS, TableBoss
Visiting Manager
	Alcohol Vendor Catalog
Ariba
BizTalk
Docusign
ESHA Genesis
eSmallwares
Hertzler
iKitchen
Invoice Recap
iSupply (Custom, Reg)
ITQ
Menu System
Oracle WMS
PowerBuyer
Product Complaints
SSA - Supplier Security Application
	Quillix

	Bonus Calculator/AMS Team
Data Feeds:
•    ADP
•    Aon Hewitt  
•    Equifax  
•    FSV 
•    Liberty Mutual  
•    REED  
•    Wells Fargo  
krowD
eLM
Kenexa
PeopleSoft HRIS
Recurring Payment System

	Computrace
Encase
Espresso
Ironport
Magic
Microsoft Active Directory
Microsoft Outlook
Microsoft SharePoint
Nessus
SecureTransport (Tumbleweed)
Siteminder
Xcellenet
XTERM
WebSense

	Marketing
	Development
	Reporting & Analytical
	Legal
	Communications

	Archway / PartnerWeb
Data Feeds:
•    Guest Satisfaction Survey
•    YesMail
InfoCenter
Media Bank
•    e-Gift Card
•    Plastic Gift Card
	None at this time
	BI & Data Warehouse (MicroStrategy)
Discoverer
GSS
Informatica
Knapp Track
Sales and Guest Count
	None at this time
	None at this time

21

	
					
	Finance & Accounting Services

	2-1
	Finance & Accounting Consultative Services 
•    Answer questions regarding historical financial information.  Provide consultative guidance in the following areas: 
•    Advise / guide interim resource support (as applicable) 
•    Provide guidance on the SEC reporting process (i.e., 9/30 10-Q and 12/31 10-K filings)
o    Advise on potential process and approach
o    Provide historical context of Darden’s approach, as requested
o    Assist in reviewing disclosures for historical perspective
o    Advise on issue resolution 

Service Limitations
Provider is prohibited from final review and approval of SEC filings; this is the sole responsibility of the recipient 
	$6,000*

*Note: This service fee assumes a minimum of 40 hours per month at $150 per hour – Darden will continue to charge $150/ hour for hours incurred over the 40 hour threshold, as needed 

	90 Days 
 
	Provider:
John Madonna, SVP Corporate Reporting and Accounting 
Darden
 
Recipient:
Bill Lenehan, CEO
Four Corners Property Trust

	2-2
	Accounts Payable for Kerrow 
•    Maintain and update the vendor master file in Oracle
•    Administer setup of new vendors in Oracle 
•    Provide check printing (via third-party) and disbursement services for payments processed on Provider systems 
•    Key invoices for payment (at the admin level) 
	$2,750
	90 Days
	Provider
John Madonna, SVP Corporate Reporting and Accounting
Darden

Recipient:
Carol Dilts
VP of Operations
Kerrow Holdings 

	2-3
	Oracle General Ledger & Sub Ledger Maintenance
•    Maintain the Recipient general ledger and associated sub-ledgers (i.e., Accounts Payable, Accounts Receivable, and Fixed Asset) during the month-end and quarter-end financial close
•    General accounting support for Kerrow Holdings including: month-end close, revenue accounting, sub-ledger reconciliation, and financial statement production  

Service Limitations
Additions or modifications will conform to Provider’s then current hierarchy

	$16,667
	90 Days
	Provider:
John Madonna, SVP Corporate Reporting and Accounting
Darden

Recipient:
Bill Lenehan, CEO
Four Corners Property Trust 

Carol Dilts
VP of Operations
Kerrow Holdings

22

	
					
	2-4
	Property Accounting
•    Maintain and administer the Fixed Asset sub-ledger for GAAP and Tax reporting purposes during the month-end / quarter-end financial close process; Property accounting for recipient will be maintained in an excel spreadsheet
	$33,333
	90 Days
	Provider:
John Madonna, SVP Corporate Reporting and Accounting
Darden

Recipient:
Bill Lenehan, CEO
Four Corners Property Trust 

	2-5
	Credit / Gift Cards & Treasury
•    Assist management with management of credit & gift card processing, including reconciliation of fees/chargebacks, bank /merchant accounts, refunds, etc.
•    Assist management in reviewing cash positions and funding requirements to support day to day operations
 
	$3,333
	90 Days
	Provider:
Bill White, SVP Treasurer
Darden

Recipient:
Bill Lenehan, CEO
Four Corners Property Trust 

	2-6
	Public Filing Review
•    Review recipient’s draft SEC filings.  Filings may include 10-Q and 10-K

Service Limitations
Provider is prohibited from final review and approval of SEC filings; this is the sole responsibility of the recipient 
	$13,750
	90 Days
	Provider:
John Madonna, SVP Corporate Reporting and Accounting
Darden

Recipient:
Bill Lenehan, CEO
Four Corners Property Trust 

	2-7
	Sales Tax Services
•    Assist with compilation of data necessary to file sales tax returns for Kerrow Restaurants, LLC and FCPT LLCs for initial sales tax filings due December 20, 2015
•    Review of initial monthly sales tax filings 

Service Limitations:
Provider is prohibited from final review and signing  of the sales tax filings made with the relevant jurisdictions
	$3,500
	90 Days
	Provider:
Angela Simmons, VP of Tax, Darden

Recipient:
Bill Lenehan, CEO
Four Corners Property Trust 

23

	
					
	Human Resources Services

	3-1
	Payroll Services
•    Payroll Processing – Process payroll and administer payments for Recipient hourly and salaried employees including general deduction code maintenance, wage garnishment, check processing, direct deposit, and pay cards for regular and overtime pay.  Distribute Recipient’s bonus and equity payments, vacation, anniversary, suspension and final pay
•    Payroll Polling And Exception Reports – Create weekly Recipient payroll polling and exception reports 
•    Off-cycle Payroll Payments – Administer Recipient off-cycle cash payouts, check reissuance, and retroactive payments 
•    Tip Share Program Administration –Administer the tip share program for Recipient
•    W-2 Processing – Process Recipient W-2 and W-2C (Corrected Wage and Tax Statements) forms and coordinate distribution and customer support provided by Equifax 
•    Payroll Tax Withholding and Filings – Perform Recipient payroll tax withholding and related tax filings for US 
•    Payroll Accounting – Prepare Recipient monthly payroll account reconciliations including review of payroll account balances, adjustments to the general ledger, and preparation of vacation pay and vacation tax analysis for monthly true ups
•    Payroll Inquiries – Manage employee and manager payroll inquiries received through the Restaurant Support Center call center

Service Limitations
While payroll is processed on Provider systems, Provider will update and maintain general deduction codes for the benefit program as of the Effective Date. Any incremental administrative costs associated with the setup of new general deduction codes for future HR program changes will be passed through to Recipient

	$3,956
	90 Days 
 
	Provider:
Randy Babitt, Senior Director Payroll & Employee Services
Darden

Recipient:
Bill Lenehan, CEO
Four Corners Property Trust 

Carol Dilts
VP of Operations
Kerrow Holdings
 

24

	
					
	3-2
	Benefits Services
•    Health & Welfare Benefits – Administer Health & Welfare benefits (e.g., Medical, Dental, Vision, Health Savings Account, Flexible Spending Account, Short Term Disability, Long Term Disability, Dependent Care FSA, Critical Illness and Accident Insurance, Life Insurance, Benefit Bundle)
•    Leave of absence (LOA) and short-term disability administration including coordination of absence and return to work activities with leave of absence outsourced provider (REED) and processing of disability pay calculations
•    Administration of qualified medical child support orders, subpoenas and benefits related credit card payments / refunds
•    Arrears Processing – Reconcile employee payments for benefits
•    Appeals Process – Administer process for benefits eligibility appeals.
•    Benefits Invoice Reconciliation – Conduct reconciliation of benefit invoice payments
•    ERISA compliance
•    ACA Eligibility – Perform annual look-back calculation to determine medical eligibility (ACA) and vacation eligibility, track annual tax reporting requirements
•    ACA Compliance
	$3,956
	90 Days 
 
	Provider:
Randy Babitt, Senior Director Payroll & Employee Services
Darden

Recipient:
Bill Lenehan, CEO
Four Corners Property Trust 

Carol Dilts
VP of Operations
Kerrow Holdings
 

	3-3
	Compensation Services
•    Stock Administration 
o    Maintain stock compensation plans
o    Administer annual and ad hoc equity awards
o    Vesting and cancellation of awards
o    Grant agreements
•    Wage Management – Manage annual merit cycle for management and starting salaries for new manager hires 
•    Bonus administration

	$5,081
	90 Days 
 
	Provider:
Randy Babitt, Senior Director Payroll & Employee Services
Darden

Recipient:
Bill Lenehan, CEO
Four Corners Property Trust 

Carol Dilts
VP of Operations
Kerrow Holdings
 

25

	
					
	3-4
	Talent Acquisition Services
•    Candidate sourcing (e.g., Job descriptions, Contract management, Social media)
•    Application process (e.g., Assessments, Applicant tracking)
•    Requisition process 
•    SOX compliance 
	$350
	90 Days 
 
	Provider:
Randy Babitt, Senior Director Payroll & Employee Services
Darden

Recipient:
Bill Lenehan, CEO
Four Corners Property Trust 

Carol Dilts
VP of Operations
Kerrow Holdings
 

	3-5
	HR Generalist Services
•    Learning and Development
o    Managers in Training (MIT)
o    Ongoing operations position training
o    Onboarding and offboarding
o    Maintenance of training materials
•    Litigation
o    Unemployment claims
o    Workers compensation claims
o    Dispute resolution process
o    EEOC charges
•    Performance Management
o    Performance feedback process 
o    Career pathing
o    Goal setting / objectives
•    Policy Administration (e.g., employee handbook)
•    Position Management
•    Employee Communications (Announcements) 

	$3,956
	90 Days 
 
	Provider:
Randy Babitt, Senior Director Payroll & Employee Services
Darden

Recipient:
Bill Lenehan, CEO
Four Corners Property Trust 

Carol Dilts
VP of Operations
Kerrow Holdings
 

26

	
					
	3-6
	General Consultative HR Services 
•    General consultative advice for HR inquiries from FCPT / Kerrow Leadership and Darden Leadership; consulting advice is limited to the following areas: 
o    Benefits Strategy 
o    Compensation Strategy
o    Performance Management
o    Employee Relations
o    Training & Development
o    Stock Comp Admin
o    Payroll / Withholdings
	$6,000

*Note: This service fee assumes a minimum of 40 hours per month at $150 per hour – Darden will continue to charge $150/ hour for hours incurred over the 40 hour threshold, as needed 

	90 Days
	Provider:
Randy Babitt, Senior Director Payroll & Employee Services

Recipient:
Bill Lenehan, CEO
Four Corners Property Trust 

Carol Dilts
VP of Operations
Kerrow Holdings

	
					
	Development and Licensing Services

	4-1
	Licensing Consultative Services 
•    Answer questions related to Kerrow Restaurants regarding new liquor license.  If permanent licenses have not been issued at the time of close, provide consultative advice on exiting temporary liquor licenses and obtaining permanent liquor licenses 
•    Licensing consultative advice is limited to the following areas:
o    Post-closing liquor license disclosure requirements (officer changes and change in ownership)
o    Required health and other operational permits 
o    Assist in selection of and transitional coordination with Texas liquor counsel who can assist with:
§    Permit and licensing renewal process
§    Department of Health issues
§    Texas liquor regulations
§    Liquor payment regulations 
	$3,000*

*Note: This service fee assumes a minimum of 20 hours per month at $150 per hour – Darden will continue to charge $150/ hour for hours incurred over the 40 hour threshold, as needed 

	30 Days 
 
	Provider:
Colleen Hunter, Director Licensing
Darden
 
Recipient:
Carol Dilts
VP of Operations
Kerrow Holdings 

27

	
					
	Supply Chain

	5-1
	Inventory Purchasing Services
•    Provide continued access to Darden's inventory for relevant purchase orders (i.e., approved menu items) provided via the Maines relationship.  Maines will continue to provide replenishment / fulfillment services for this inventory
•    Darden to invoice Kerrow Restaurants directly for product costs
	Product cost + $01 for overhead / administrative cost
	 180 Days 
 
	Provider:
Jim Thomas – Darden Supply Chain Leadership 
 
Recipient:
Carol Dilts
VP of Operations
Kerrow Holdings 

		
	1.
	Administrative overhead cost is offset by rebates generated from volume commitment, which would not be granted to Kerrow Restaurants.

28

EXHIBIT 2

SERVICES TERMINATION REQUEST FORM

	
	
	Service Termination Request Form

	
		
	Requesting Company:
	 

	Date of Request:
	 

	Completed By:
	 

	Service to be Changed:
	 

                                                                                                                                                                                                                       

Requested Service Termination
	
						
	Item #
	Service
	Service Provider
(Company)
	Service Recipient 
(Company)
	Estimated Cost
	Requested Termination Date

	1
	 
	 
	 
	 
	 

	2
	 
	 
	 
	 
	 

	3
	 
	 
	 
	 
	 

	4
	 
	 
	 
	 
	 

	5
	 
	 
	 
	 
	 

	6
	 
	 
	 
	 
	 

	
		
	Acknowledgements

	FOUR CORNERS PROPERTY TRUST, INC., by
	DARDEN RESTAURANTS, INC., by

	Χ      
	Χ      

	Name:
	Name:

	Title:
	Title:

	 
	 

29Exhibit

Exhibit 10.5
EMPLOYEE MATTERS AGREEMENT
BY AND BETWEEN
DARDEN RESTAURANTS, INC.
AND
FOUR CORNERS PROPERTY TRUST, INC.
Dated ________________, 2015

	
					
	TABLE OF CONTENTS

	 
	 
	 
	 

	 
	 
	 
	PAGE

	 
	 
	 
	 

	ARTICLE I DEFINITIONS
	3
	

	 
	Section 1.1
	Definitions.
	3
	

	ARTICLE II GENERAL PRINCIPLES
	6
	

	 
	Section 2.1
	Transfer of Employment.
	6
	

	 
	Section 2.2
	Assumption and Retention of Liabilities.
	7
	

	 
	Section 2.3
	FCPT Participation in Darden Benefit Plans.
	8
	

	 
	Section 2.4
	Stock Plan Approval by Darden as Sole Stockholder.
	8
	

	 
	Section 2.5
	Time-Off Benefits.
	8
	

	 
	Section 2.6
	Compensation Terms with FCPT.
	8
	

	ARTICLE III EQUITY INCENTIVE AWARDS
	8
	

	 
	Section 3.1
	Treatment of Darden Stock Options.
	8
	

	 
	Section 3.2
	Treatment of Darden Restricted Stock Units.
	9
	

	 
	Section 3.3
	Treatment of Darden Restricted Shares.
	9
	

	 
	Section 3.4
	General
	10
	

	ARTICLE IV Qualified defined contribution plan; Other Plans
	11
	

	 
	Section 4.1
	FCPT 401(k) Plan.
	11
	

	 
	Section 4.2
	Darden 401(k) Plan.
	12
	

	 
	Section 4.3
	Darden RIP.
	12
	

	 
	Section 4.4
	FlexComp Plan.
	12
	

	ARTICLE V HEALTH AND WELFARE PLANS
	13
	

	 
	Section 5.1
	Health and Welfare Plans Maintained By FCPT.
	13
	

	ARTICLE VI Withholding; payroll deductions
	14
	

	 
	Section 6.1
	Garnishments, Tax Levies, Child Support Orders, and Wage Assignments; Other deductions.
	15
	

	ARTICLE VII additional compensation matters
	15
	

	 
	Section 7.1
	Annual Cash Incentive Awards.
	15
	

	 
	Section 7.2
	Individual Arrangements.
	15
	

	 
	Section 7.3
	Severance Liabilities.
	16
	

	ARTICLE VIII GENERAL AND ADMINISTRATIVE
	16
	

	 
	Section 8.1
	Employer Rights.
	16
	

	 
	Section 8.2
	Effect on Employment.
	16
	

	 
	Section 8.3
	Effect on Restrictive Covenants.
	16
	

	 
	Section 8.4
	Nonsolicitation of Employees.
	17
	

	 
	Section 8.5
	Access To Employees.
	17
	

	ARTICLE IX MISCELLANEOUS
	17
	

	 
	Section 9.1
	Effect if Distribution Does Not Occur.
	17
	

	 
	Section 9.2
	Relationship Of Parties.
	17
	

	 
	Section 9.3
	Affiliates.
	18
	

	 
	Section 9.4
	Authorization.
	18
	

	 
	Section 9.5
	Severability.
	18
	

	 
	Section 9.6
	Entire Agreement.
	18
	

	 
	Section 9.7
	Assignment; No Third-Party Beneficiaries.
	18
	

	 
	Section 9.8
	Amendment.
	18
	

	
					
	 
	Section 9.9
	Rules of Construction.
	19
	

	 
	Section 9.10
	Counterparts.
	19
	

2

EMPLOYEE MATTERS AGREEMENT

This EMPLOYEE MATTERS AGREEMENT, dated as of ___________, 2015 (this “Agreement”), is by and between Darden Restaurants, Inc., a Florida corporation (“Darden”), and Four Corners Property Trust, Inc., a Maryland corporation (“FCPT” and, together with Darden, the “Parties”).
W I T N E S S E T H:
WHEREAS, the Darden Board has determined that it is advisable and in the best interests of Darden and its stockholders to separate certain real estate assets and other assets from Darden’s business by transferring those assets to FCPT, and to distribute the equity of FCPT to Darden’s stockholders through a spin-off, such that, immediately after the spin-off, FCPT would be an independent, publicly-traded company that will subsequently elect to be subject to tax as a  real estate investment trust;
WHEREAS, the Parties have entered into a Separation and Distribution Agreement dated as of ____________, 2015 (the “Distribution Agreement”), to set forth in part how such separation shall be effected; and
WHEREAS, the Distribution Agreement provides that Darden and FCPT will enter into this Employee Matters Agreement to allocate certain assets and liabilities, and to memorialize certain other agreements, in connection with such separation.
NOW, THEREFORE, in consideration of the premises and the representations, warranties, covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows:
ARTICLE I
DEFINITIONS
Section 1.1    Definitions.  Capitalized terms used, but not defined herein shall have the meanings assigned to such terms in the Distribution Agreement and the following terms shall have the following meanings:
“Agreement” has the meaning set forth in the Preamble.

“Darden” has the meaning set forth in the Preamble.

“Darden 401(k) Plan” means the Darden Savings Plan, as amended.

“Darden Benefit Plan” means each plan, program, arrangement, agreement or commitment that is an employment, or deferred compensation agreement, or an executive compensation, incentive bonus or other bonus, employee pension, profit-sharing, savings, retirement, supplemental retirement, stock option, stock purchase, stock appreciation rights, restricted stock, other equity-based compensation, severance pay, salary continuation, life, health, hospitalization, sick leave, vacation pay, disability or accident insurance plan, corporate-owned or key-man life insurance or other employee benefit plan, program, arrangement, agreement or commitment, including any “employee benefit plan” (as defined in Section 3(3) of ERISA), 

3

sponsored or maintained by Darden or any ERISA Affiliate (or to which such entity contributes or is required to contribute).

“Darden Board” means the board of directors of Darden. 
“Darden Employee” means any individual who, on the Distribution Date, is employed by any member of the Darden Group, other than an FCPT Employee, including active employees and employees on vacation or approved leave of absence (including maternity, paternity, family, sick leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, and leave under the Family Medical Leave Act and other approved leaves).      

“Darden ESOP” means the employee stock ownership plan portion of the Darden 401(k) Plan.

“Darden ESPP” means the Darden Restaurants, Inc. Employee Stock Purchase Plan.

“Darden Post-Separation Stock Price” means the volume weighted average price of a share of Darden Common Stock trading on the NYSE on the trading day immediately following the Distribution Date. 

“Darden Pre-Separation Stock Price” means the volume weighted average price of a share of Darden Common Stock trading on the NYSE on the Distribution Date. 

“Darden Restricted Share” means a share of Darden Common Stock granted by Darden or a member of the Darden Group pursuant to one of the Darden Stock Plans that is subject to forfeiture based on the extent of attainment of applicable vesting requirements.

“Darden RIP” means the Retirement Income Plan for Darden Restaurants, Inc., as amended.

“Darden Stock Option” means an option granted by Darden or a member of the Darden Group pursuant to one of the Darden Stock Plans representing a right to purchase, at a designated exercise price, a share of Darden Common Stock following the satisfaction of applicable vesting requirements.

“Darden Stock Plans” means, collectively, the Darden Restaurants, Inc. Stock Option and Long-Term Incentive Plan of 1995, as amended, the Darden Restaurants, Inc. Stock Plan for Directors, as amended, the Darden Restaurants, Inc. Restaurant Management and Employee Stock Plan of 2000, as amended and the Darden Restaurants, Inc. 2002 Stock Incentive Plan, as amended, and any other stock option or stock incentive compensation plan or arrangement maintained on or before the Distribution Date  (exclusive of the FCPT Stock Plan) for employees, officers, consultants, non-employee directors, independent contractors or other service providers of Darden or its Affiliates, but shall not include the Darden ESPP.

“Darden Stock Unit” means a stock unit or performance stock unit award relating to Darden Common Stock that is subject to performance and/or time-based vesting requirements, which stock unit award is issued pursuant to the Darden Stock Plan and includes deferred stock units.

“Distribution Agreement” has the meaning set forth in the Recitals.

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

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“ERISA Affiliate” means each business or entity which is a member of a “controlled group of corporations,” under “common control” or a member of an “affiliated service group” with Darden within the meaning of Sections 414(b), (c) or (m) of the Code, or required to be aggregated with Darden under Section 414(o) of the Code, or under “common control” with Darden within the meaning of Section 4001(a)(14) of ERISA, in any event exclusive of members of the FCPT Group.

“FCPT” has the meaning set forth in the Preamble.

“FCPT Benefit Plan” means each plan, program, arrangement, agreement or commitment that is an employment, or deferred compensation agreement, or an executive compensation, incentive bonus or other bonus, employee pension, profit-sharing, savings, retirement, supplemental retirement, stock option, stock purchase, stock appreciation rights, restricted stock, other equity-based compensation, severance pay, salary continuation, life, health, hospitalization, sick leave, vacation pay, disability or accident insurance plan, corporate-owned or key-man life insurance or other employee benefit plan, program, arrangement, agreement or commitment, including any “employee benefit plan” (as defined in Section 3(3) of ERISA), sponsored or maintained by FCPT or any FCPT Group member, affiliate, or subsidiary (or to which such entity contributes or is required to contribute).

“FCPT Board” means the board of directors of FCPT. 
“FCPT Employee” means any individual who, on the Distribution Date, performs services primarily for the FCPT Group, including active employees and employees on vacation or approved leave of absence (including maternity, paternity, family, sick leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, and leave under the Family Medical Leave Act and other approved leaves), which employees are identified on Schedule A hereto.

“FCPT Participant” shall mean any individual who, immediately following the Distribution Date, is an FCPT Employee or a beneficiary, dependent or alternate payee of a FCPT Employee.
“FCPT Post-Separation Stock Price” means the volume weighted average price of a share of FCPT Common Stock trading on the NYSE on the trading day immediately following the Distribution Date. 
“FCPT Restricted Share” has the meaning set forth in Section 3.3(a).

“FCPT Stock Plan” has the meaning set forth in Section 2.5.

“FCPT Stock Unit” means a stock unit or performance stock unit to be granted by FCPT pursuant to Section 3.2 and the FCPT Stock Plan that is subject to performance and/or time-based vesting requirements.

“Final Determination” has the meaning set forth in the Tax Matters Agreement.

“FlexComp Plan” means the Darden Restaurants, Inc. FlexComp Plan, as amended.  

“Former Employee” shall mean any former employee of Darden or any of its Affiliates whose employment has terminated on or prior to the Distribution Date.

“Group” means the Darden Group or the FCPT Group, or both, as the context requires.

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“Parties” has the meaning set forth in the Preamble.

“Post-Distribution Darden Option”  has the meaning set forth in 3.1(a).

“Post-Distribution Darden Stock Unit”  has the meaning set forth in 3.2(a).

“Retained Employee” means each current or former employee of Darden, FCPT or their respective Affiliates, exclusive of Transferred Employees.

“Tax” has the meaning set forth in the Tax Matters Agreement. 

“Taxing Authority” has the meaning set forth in the Tax Matters Agreement. 

“Tax Benefits” has the meaning set forth in the Tax Matters Agreement. 

“Tax Matters Agreement” means the Tax Matters Agreement entered into by the Parties as of ____________, 2015.

“Tax Return” has the meaning set forth in the Tax Matters Agreement. 

“Transferred Employee” has the meaning set forth in Section 2.1.

ARTICLE II
GENERAL PRINCIPLES
Section 2.1    Transfer of Employment.  
(a)    No later than __ days prior to the Distribution Date, FCPT shall provide each FCPT Employee with an employment offer setting forth the anticipated Distribution Date and indicating that the employee’s employment with Darden will terminate as of the end of the Distribution Date, subject to the FCPT Employee remaining actively employed through the Distribution Date, and the employee will become an employee of FCPT or an Affiliate thereof, effective as of the day immediately following the Distribution Date.  Any FCPT Employee who is actively employed on the Distribution Date, does not refuse such employment with FCPT, and actually commences employment with FCPT or a member of the FCPT Group on the day immediately following the Distribution Date (or his or her first regularly-scheduled day of employment following the Distribution Date, or in the event of an unscheduled absence from work, reasonably promptly thereafter) shall be referred to as a “Transferred Employee.”  For this purpose, an FCPT Employee will be considered “actively employed” if, on the Distribution Date, such FCPT Employee is either actively at work or absent from work on account of paid time-off, vacation, or similar temporary absence, but will not be “actively employed” if such individual is not actively at work due to disability leave or any other reason. Darden shall cause each FCPT Employee to continue to participate in each Darden Benefit Plan (on the terms and subject to the conditions as may be in effect from time to time) through the Distribution Date.  
(b)    With respect to any FCPT Employee who is not actively employed on the Distribution Date (each an “Inactive Employee”) but who presents himself or herself for commencement of active employment within six months following the Distribution Date, or such later date with respect to which such FCPT Employee has a legal right to reemployment, reinstatement, or reactivation, FCPT shall 

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offer employment with FCPT or an Affiliate thereof effective on the first date such Inactive Employee returns to work.  To the extent the Inactive Employee accepts such offer and commences employment with FCPT or an Affiliate, such employee will become a Transferred Employee for purposes of this Agreement on the date of commencement of employment with FCPT or an FCPT Affiliate (the “Transfer Date”). 
Section 2.2    Assumption and Retention of Liabilities.
(a)    Except as otherwise expressly provided for in this Agreement, Darden shall, or shall cause one or more members of the Darden Group to, assume or retain, and Darden hereby agrees to (or to cause a member of the Darden Group to) pay, perform, fulfill and discharge, in due course in full (i) all Liabilities under all Darden Benefit Plans, (ii) all Liabilities (excluding Liabilities incurred under a Darden Benefit Plan) with respect to the employment, service, termination of employment or termination of service of all Retained Employees to the extent arising in connection with or as a result of employment with or the performance of services for any member of the Darden Group or FCPT Group, (iii) all Liabilities (excluding Liabilities incurred under a Darden Benefit Plan) with respect to the employment, service, termination of employment or termination of service of all Transferred Employees to the extent arising in connection with or as a result of employment with or the performance of services for any member of the Darden Group or FCPT Group on or before the Distribution Date (or, with respect to Inactive Employees, the individual Inactive Employee’s Transfer Date), and (iv) any other Liabilities or obligations expressly assigned to a member of the Darden Group under this Agreement.  For purposes of clarification, the Liabilities assumed or retained by the Darden Group as provided for in this Section 2.2(a) are intended to be Excluded Liabilities within the meaning of the Distribution Agreement.

(b)    Except as otherwise expressly provided for in this Agreement, FCPT shall, or shall cause one or more members of the FCPT Group to, assume or retain, as applicable, and FCPT hereby agrees to (or to cause a member of the FCPT Group to) pay, perform, fulfill and discharge, in due course in full all Liabilities with respect to (i) the employment, service, termination of employment or termination of service of all Transferred Employees to the extent arising in connection with or as a result of employment with or the performance of services for any member of the FCPT Group or Darden Group after the Distribution Date (or, with respect to Inactive Employees, the individual Inactive Employee’s Transfer Date); and (ii) salary and commission payments payable to Transferred Employees to the extent arising in connection with or as a result of employment with or the performance of services for any member of FCPT Group or Darden Group after the Distribution Date (or, with respect to Inactive Employees, the individual Inactive Employee’s Transfer Date).  In addition, FCPT shall, or shall cause one or more members of the FCPT Group to, assume or retain, as applicable, all Liabilities specified in this agreement, including (A) time-off benefits (Section 2.5), (B) conversion of Darden Stock Unit Awards (Section 3.2(b)), (C) tax remittance and reporting (Section 3.4(c)), (D) Darden Cash Incentive Plan incentive awards (Section 7.1(a)), and (E) pre-Distribution individual arrangements for FCPT Participants (Section 7.2(b)). For purposes of clarification, the Liabilities assumed by the FCPT Group as provided for in this Section 2.2(b) are intended to be Assumed Liabilities within the meaning of the Distribution Agreement.

Section 2.3    FCPT Participation in Darden Benefit Plans.  Except as otherwise expressly provided for in this Agreement or as otherwise expressly agreed to in writing between the Parties or pursuant to continued participation under COBRA, effective as of the day immediately following the Distribution Date: (i) no member of the FCPT Group will be a participating company in any Darden Benefit Plan; and (ii) except as required by applicable Law, each Transferred Employee shall cease to actively participate in, accrue benefits under or be eligible to contribute to any Darden Benefit Plan.

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Section 2.4    Stock Plan Approval by Darden as Sole Stockholder.  Effective as of not later than the Distribution Date, FCPT shall have adopted the Four Corners Property Trust, Inc. 2015 Omnibus Incentive Plan (the “FCPT Stock Plan”), which shall permit the issuance of equity incentive awards denominated in FCPT Common Stock as described in Article III.  Darden shall cause the FCPT Stock Plan to be approved before the Effective Time by FCPT’s sole stockholder.
Section 2.5    Time-Off Benefits.  FCPT shall credit each Transferred Employee with the amount of accrued but unused vacation time, sick time and other time-off benefits as such Transferred Employee had with the Darden Group as of the Distribution Date (except to the extent that a benefit attributable to such accrual is provided by the Darden Group).
Section 2.6    Compensation Terms with FCPT.  For at least twelve (12) months following the Distribution Date, FCPT shall provide to each Transferred Employee for so long as the Transferred Employee remains so employed, with a base salary or wage rate, as applicable, that is no less favorable than the base salary or wage rate applicable to such Transferred Employee from Darden or any of its Affiliates on the Distribution Date.  FCPT shall take all actions necessary so that each Transferred Employee shall receive credit for their service with the Darden Group for purposes of determining eligibility to participate and vesting under the FCPT 401(k) Plan.  FCPT also shall acknowledge and honor each Transferred Employee’s years of service for purposes of, and pay amounts due under, the Darden anniversary pay program.    
ARTICLE III
EQUITY INCENTIVE AWARDS
Section 3.1    Treatment of Darden Stock Options. 
(a)    Each Darden Stock Option that is outstanding on the Distribution Date and that is held by a Darden Employee, a Former Employee, current or former non-employee director of Darden (including William H. Lenehan), current or former consultant or adviser of Darden, or their respective permitted successors or assigns (a “Post-Distribution Darden Holder”) shall be adjusted effective as of the close of the market on the Distribution Date (and shall thereafter be referred to as a “Post-Distribution Darden Option”) as follows:
(i)      The number of shares of Darden Common Stock subject to each Post-Distribution Darden Option shall be equal to the product (rounded down to the nearest whole share) of (A) the number of shares of Darden Common Stock subject to the corresponding Darden Option immediately prior to the Distribution and (B) a fraction, the numerator of which is the Darden Pre-Separation Stock Price and the denominator of which is the difference between (X) the Darden Pre-Separation Stock Price and the FCPT Post-Separation Stock Price, adjusted to reflect the Darden-to-FCPT pro rata share distribution ratio in the Spin-Off  (such fraction, the “Darden Ratio”).
(ii)     The exercise price per share for each Post-Distribution Darden Option shall be equal to (A) the exercise price of the corresponding Darden Option immediately prior to the Distribution divided by (B) the Darden Ratio (rounded up to the nearest whole cent). 

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(iii)      Each Post-Distribution Darden Option shall otherwise be subject to the same terms, vesting conditions, exercise procedures, expiration dates and termination provisions and other terms and conditions as were in effect immediately prior to the Distribution for the corresponding Darden Option. 
Section 3.2    Treatment of Darden Restricted Stock Units.
(a)    Each Darden Stock Unit that is outstanding immediately prior to the Distribution and that is held by a Darden Employee, Former Employee, current or former non-employee director of Darden (including William H. Lenehan) or consultant or adviser of Darden, or their respective permitted successors or assigns, shall be adjusted effective as of the closing of the market on the Distribution Date (and shall thereafter be referred to as a “Post-Distribution Darden Stock Unit”) as follows:
(i)        The number of shares of Darden Common Stock subject to each Post-Distribution Darden Stock Unit Award shall be equal to the product (rounded up to the nearest whole share) of (A) the number of shares of Darden Common Stock subject to the corresponding Darden Stock Unit Award immediately prior to the Distribution and (B) the Darden Ratio. 
(ii)  Each Post-Distribution Darden Stock Unit Award shall be subject to the same terms, vesting conditions, issuance dates and method of distribution and other terms and conditions as were in effect immediately prior to the Distribution for the corresponding Darden Stock Unit Award.
(b)       Each Darden Stock Unit Award that is outstanding immediately prior to the Distribution and that is held by a FCPT Employee whose Darden Stock Units, shall, effective as of the close of the market on the Distribution Date, be assumed by FCPT and converted into a restricted stock unit award with respect to FCPT Common Stock (an “FCPT Stock Unit Award”) as follows:
(i)        The number of shares of FCPT Common Stock subject to each FCPT Stock Unit Award shall be equal to the product (rounded up to the nearest whole share) of (A) the number of shares of Darden Common Stock subject to the corresponding Darden Stock Unit Award immediately prior to the Distribution and (B) a fraction, the numerator of which is the Darden Pre-Separation Stock Price and the denominator of which is the FCPT Post-Separation Stock Price.
(ii)  Each FCPT Stock Unit Award shall be subject to the same terms, vesting conditions, issuance dates and method of distribution and other terms and conditions that were in effect immediately prior to the Distribution for the corresponding Darden Stock Unit Award.  With respect to each FCPT Stock Unit Award, FCPT shall give each FCPT Employee full vesting service credit for such FCPT Employee’s service with Darden or any of the entities in the Darden Group prior to the Distribution Date to the same extent such service was recognized with respect to the corresponding Darden Stock Unit Award immediately prior to the Distribution. 
Section 3.3    Treatment of Darden Restricted Shares.
(a)    Each individual who holds a Darden Restricted Share that is outstanding immediately before the Distribution shall receive, upon the Distribution being made, such number of shares of FCPT Common Stock (each a “FCPT Restricted Share”) as equals the number of shares of FCPT Common Stock to which all other holders of the same number of shares of Darden Common Stock shall be entitled to receive upon the Distribution being made. 

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(b)    All FCPT Restricted Shares and Darden Restricted Shares shall continue to vest in accordance with the terms of the underlying Darden Restricted Share, including any service-based vesting dates.

(c)    Effective as of the day following the Distribution Date, for purposes of continued vesting of the Darden Restricted Shares, a Transferred Employee’s continued service with the FCPT Group after the Distribution Date shall be deemed continued service with Darden.  The issuance of each FCPT Restricted Share shall be subject to the terms of the FCPT Stock Plan, which shall provide that, except as otherwise provided herein, the terms and conditions applicable to the FCPT Restricted Shares shall be substantially similar to the terms and conditions applicable to the corresponding Darden Restricted Shares (as set forth in the applicable Darden Stock Plan, award agreement or in the holder’s then applicable employment agreement with Darden or a member of the Darden Group), including a provision to the effect that, for purposes of the FCPT Restricted Shares held by a Retained Employee, continued service with the Darden Group from and after the Distribution Date shall be deemed to constitute service with FCPT and a provision to the effect that the vesting of any FCPT Restricted Share held by a Retained Employee shall accelerate upon a change in control of Darden following the Effective Time to the same extent that the vesting of the underlying Darden Restricted Share would have accelerated in such event based on the provisions of such award as in effect immediately before the Distribution.

(d)    Upon the vesting of the FCPT Restricted Shares, FCPT shall be solely responsible for their settlement, regardless of the holder thereof.  Upon the vesting of the Darden Restricted Shares, Darden shall be solely responsible for their settlement, regardless of the holder thereof.
Section 3.4    General
(a)    All of the adjustments described in this Article III shall be effected in accordance with Sections 424 and 409A of the Code.

(b)    Effective immediately prior to the Distribution, the Compensation Committee of the Board of Directors of Darden may provide for different adjustments with respect to some or all equity incentive awards to the extent that the Darden Compensation Committee deems such adjustments necessary and appropriate.  Any adjustments made by the Darden Compensation Committee pursuant to the foregoing sentence shall be deemed incorporated by reference herein as if fully set forth below and shall be binding on the Parties.  
(c)    The Parties shall use commercially reasonable efforts to maintain effective registration statements with the SEC with respect to the awards described in this Article III, to the extent any such registration statement is required by applicable Law.  Darden shall, to the fullest extent permitted by law, indemnify and hold harmless FCPT against any and all liabilities it may incur under the federal securities laws relating to the compliance with the provisions of this Article III, except to the extent that such Liabilities are attributable to the gross negligence or willful misconduct of FCPT, its officers, employees, agents or representatives.

(d)    Following the Distribution Date, (i) Darden will be responsible for all income, payroll and other tax remittance and reporting related to income of Retained Employees and non-employee members of the Darden Board in respect of Adjusted Darden Restricted Shares, Adjusted Darden Stock Units, Adjusted Darden Stock Options, and FCPT Restricted Shares; and (ii) FCPT will be responsible for all income, payroll and other tax remittance and reporting related to income of Transferred Employees and non-employee members of the FCPT Board in respect of Adjusted Darden Restricted Shares, FCPT Restricted Shares, FCPT Stock Units and FCPT Stock Options.  Darden or FCPT, as applicable, shall 

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facilitate performance by the other Party of its obligations hereunder by promptly remitting in cash the amount required to be withheld either (as directed by the Party responsible for withholding) directly to the applicable taxing authority or to such responsible Party for remittance to such taxing authority.  The Parties will cooperate and communicate with each other and with third-party providers to effectuate withholding and remittance of taxes, as well as required tax reporting, in a timely, efficient and appropriate manner.

(e)    Each of the Parties shall establish an appropriate administration system in order to handle in an orderly manner the settlement of Darden Restricted Shares, Adjusted Darden Stock Units, Adjusted Darden Stock Options, FCPT Restricted Shares, and FCPT Stock Units and provide to the other Party such information as such other Party may reasonably request in order to implement the provisions of this Article III.  Without limiting the foregoing provisions of this Section 3.4(e), each of the Parties will work together to unify and consolidate all indicative data and payroll and employment information on regular timetables and make certain that each applicable entity’s data and records in respect of such awards are correct and updated on a timely basis, including employment status and information required for tax withholding/remittance, compliance with trading windows and compliance with the requirements of the Exchange Act and other applicable Laws.

(f)    The Parties hereby acknowledge that the provisions of this Article III are intended to achieve certain tax, legal and accounting objectives and, in the event such objectives are not achieved, the Parties agree to negotiate in good faith regarding such other actions that may be necessary or appropriate to achieve such objectives.

Section 3.5        Treatment of Deductions Associated with Equity-Related Compensation. 
        
(a)    Solely the member of the Group for which the relevant individual is currently employed or, if such individual is not currently employed by a member of the Group, was most recently employed at the time of the vesting, exercise, disqualifying disposition, payment or other relevant taxable event, as appropriate, in respect of the equity incentive awards and other incentive compensation described in this Article III shall be entitled to claim any Tax deduction in respect of such equity incentive awards and other incentive compensation on its respective Tax Return associated with such event. 

(b)    If, by reason of a subsequent Final Determination as to the treatment of any Tax deduction related to the equity incentive awards and other incentive compensation referred to in Section 3.5(a) above, a Taxing Authority determines that (i) FCPT or a member of the FCPT Group is entitled to a deduction to which Darden or a member of the Darden Group is entitled pursuant to Section 3.5(a), then FCPT shall, and shall cause the FCPT Group to, pay the amount of any Tax Benefits that result therefrom within ten (10) days of the date on which such Tax Benefits are realized or (ii) Darden or a member of the Darden Group is entitled to a deduction to which FCPT or a member of the FCPT Group is entitled pursuant to Section 3.5(a), then Darden shall, and shall cause the Darden Group to, pay the amount of any Tax Benefits that result therefrom within ten (10) days of the date on which such Tax Benefits are realized. 

ARTICLE IV
QUALIFIED DEFINED CONTRIBUTION PLAN; OTHER PLANS
Section 4.1    FCPT 401(k) Plan.

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(a)    Effective as of the day following the Distribution Date, FCPT shall have, or shall have caused one of its Affiliates to have, established a defined contribution plan and trust solely for the benefit of those eligible FCPT Employees (the “FCPT 401(k) Plan”).  FCPT shall be solely responsible for taking all necessary, reasonable and appropriate action to establish, maintain and administer the FCPT 401(k) Plan so that it is qualified under Section 401(a) of the Code and that the related trust thereunder is exempt under Section 501(a) of the Code.  FCPT (acting directly or through its Affiliates) shall be responsible for any and all Liabilities and other obligations with respect to the FCPT 401(k) Plan.
Section 4.2         Darden 401K Plan
(a)    Each Transferred Employee who was eligible for matching and/or retirement plus contributions under the Darden 401(k) Plan immediately prior to the Distribution Date shall be eligible to receive a pro rata portion of any such matching and retirement plus contributions under the Darden 401(k) Plan, based on the portion of the applicable contribution period that occurs through and including the Distribution Date. The matching and retirement plus contribution amounts shall be determined in good faith on a basis that is consistent with the employer contributions historically made by Darden under the Darden 401(k) Plan for its other similarly situated employees, disregarding for purposes of the pro rata matching and retirement plus contribution amounts to be made on behalf of the Transferred Employees any eligibility requirements for receiving such contributions that would otherwise require the Transferred Employees to remain employed with Darden or the Darden Group through the last day of any applicable contribution period. Darden will contribute such matching and retirement plus contributions to the Darden 401(k) Plan in the ordinary course of business consistent with past practice in accordance with the terms of the Darden 401(k) Plan. 
(b)     As of the day following the Distribution Date, each Transferred Employee shall be permitted to elect a distribution (in accordance with the terms of the Darden 401(k) Plan) of his or her account balance in the Darden 401(k) Plan and also shall be permitted (in accordance with the terms of the Darden 401(k) Plan) to effect a “direct rollover” of his or her account balances in such plan (as described in Section 401(a)(31) of the Code) to the FCPT 401(k) Plan.  As of the Distribution Date, Darden shall take all actions necessary or appropriate to cause all Transferred Employees to be fully vested in their account balances under the Darden 401(k) Plan.
(c)    For each share of Darden Common Stock held in the Darden stock fund under the Darden 401(k) Plan and for each share of Darden Common Stock held in the Darden ESOP, whether allocated or unallocated, in either case as of immediately prior to the Distribution Date, the Distribution Agent shall distribute to the Darden stock fund and the Darden ESOP, as applicable, such number of shares of FCPT Common Stock as equals the number of shares of FCPT Common Stock to which all other holders of Darden Common Stock shall be entitled to receive upon the Distribution being made for every one share of Darden Common Stock so held.
Section 4.3        Darden RIP.
(a)    Distributions under Darden RIP.  As of the day following the Distribution Date, each Transferred Employee with a benefit under the Darden RIP shall be permitted to elect a distribution of such benefit in accordance with the terms of the Darden RIP.   
Section 4.4        FlexComp Plan.
(a)    As of the day following the Distribution Date, each Transferred Employee with a benefit under the FlexComp Plan shall be deemed not to have a Separation from Service (as defined under the FlexComp Plan) for purposes of Internal Revenue Code Section 409A and the regulations thereunder until such time as 

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the Transferred Employee’s employment is terminated from the FCPT Group.  Such Transferred Employee’s continued service with the FCPT Group after the Distribution Date shall be deemed continued service with Darden for purposes of the FlexComp Plan.  FCPT or an Affiliate hereto agrees to notify Darden of such Transferred Employee’s termination from the FCPT Group and his or her amount of FCPT service through the date such termination.   Following the Distribution Date, no Transferred Employee shall be entitled to make or receive any further deferrals under the FlexComp Plan; provided, however, that each Transferred Employee who was eligible to receive a FlexComp award contribution for the FlexComp Plan plan year starting June 1, 2015 shall be eligible to receive a pro rata portion of such contribution, based on the portion of the applicable contribution period that occurs through and including the Distribution Date.   The FlexComp award amounts shall be determined in good faith on a basis that is consistent with the FlexComp award contributions historically made by Darden under the FlexComp Plan for its other similarly situated employees.  Darden will notionally contribute such FlexComp award contributions to the FlexComp Plan in the ordinary course of business consistent with past practice in accordance with the terms of the FlexComp Plan.
ARTICLE V
HEALTH AND WELFARE PLANS
		
	Section 5.1
	Health and Welfare Plans Maintained By FCPT.

(a)    Establishment of the FCPT Welfare Plans.  Darden or one or more of its Affiliates maintain each of the health and welfare plans (the “Darden Welfare Plans”) for the benefit of eligible Darden Participants and FCPT Participants.  Prior to or effective as of the day following the Distribution Date, FCPT shall, or shall cause a FCPT Affiliate to, adopt or have adopted, for the benefit of eligible FCPT Participants such health and welfare plans as shall be determined in the sole discretion of FCPT(collectively, the “FCPT Welfare Plans”). 
(b)    Terms of Participation in FCPT Welfare Plans.  FCPT (acting directly or through its Affiliates) shall cause all FCPT Welfare Plans to (i) waive all limitations as to preexisting conditions, exclusions, and service conditions with respect to participation and coverage requirements applicable to FCPT Participants, other than limitations that were in effect with respect to FCPT Participants as of the Distribution Date under the Darden Welfare Plans, and (ii) waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable to a FCPT Participant following the Distribution Date to the extent such FCPT Participant had satisfied any similar limitation under the analogous Darden Welfare Plan.  
(c)    COBRA and HIPAA.  
(i)    From and following the Distribution Date, Darden (acting directly or through its Affiliates) shall retain, or shall have caused the Darden Welfare Plans to retain, responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to FCPT Employees and Former Employees (and their dependents) who, on the Distribution Date or as a result of the Distribution, were covered or were eligible to elect coverage under a Darden Welfare Plan pursuant to COBRA.
(ii)    FCPT (acting directly or through its Affiliates) shall be responsible for administering compliance with any certificate of creditable coverage requirements of HIPAA or Medicare applicable to the FCPT Welfare Plans.  

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(d)    Retiree Medical Benefits.   Darden and its Affiliates shall retain and remain solely responsible for all obligations and liabilities with respect to the provision of retiree medical benefits to any FCPT Employees and Former Employees (or their eligible dependents and beneficiaries) pursuant to and in accordance with and subject to the terms and conditions of Darden’s retiree medical plan, as it may be amended or modified from time to time.  For the avoidance of doubt, any FCPT Employees (and their eligible dependents and beneficiaries) who have satisfied the criteria and requirements to receive retiree medical benefits under Darden’s retiree medical plan as of the Distribution Date shall remain eligible to receive such benefits thereunder following termination of employment with the FCPT Group and Darden Group in accordance with and subject to the terms and conditions of such plans, as it may be amended or modified from time to time.
(e)    Liabilities.
(i)    Insured Benefits.  With respect to employee welfare and fringe benefits that are provided through the purchase of insurance, Darden shall cause the Darden Welfare Plans to, through such insurance policies, pay and discharge all eligible claims of FCPT Participants that are incurred on or prior to the Distribution Date (or, with respect to Inactive Employees, the individual Inactive Employee’s Transfer Date), and FCPT shall cause the FCPT Welfare Plans to, through such insurance policies, pay and discharge all eligible claims of FCPT Participants that are incurred after the Distribution Date (or Transfer Date, as applicable).  For purposes of this Section 5.1, except as otherwise specifically provided under the terms of a Darden Welfare Plan or FCPT Welfare Plan, a claim or Liability is deemed to be incurred (A) with respect to medical, dental, vision and/or prescription drug benefits, upon the rendering of health services giving rise to such claim or Liability; (B) with respect to life insurance, accidental death and dismemberment and business travel accident insurance, upon the occurrence of the event giving rise to such claim or Liability; (C) with respect to disability benefits, upon the date of the accident, injury, illness or other event giving rise to the disability claim or Liability, as determined by the disability benefit insurance carrier or claim administrator; and (D) with respect to a period of continuous hospitalization, upon the date of admission to the hospital .
(ii)    Self-Insured Benefits.  With respect to employee welfare and fringe benefits that are provided on a self-insured basis, (A) except as provided in this Agreement, Darden (acting directly or through its Affiliates) shall fully perform, pay and discharge, under the Darden Welfare Plans, all eligible claims of FCPT Participants who are FCPT Employees (and their dependents) that are incurred but not paid on or prior to the Distribution Date (or, with respect to Inactive Employees, the individual Inactive Employee’s Transfer Date), and (B) FCPT (acting directly or through its Affiliates) shall fully perform, pay and discharge, under the FCPT Welfare Plans, all eligible claims of FCPT Participants who are FCPT Employees (and their dependents) that are incurred after the Distribution Date (or Transfer Date, as applicable).  
(iii)    Long-term Disability Benefits.  For the avoidance of doubt, any FCPT Employee or Former Employee receiving long-term disability benefits under a Darden Welfare Plan as of the Distribution Date shall, on and after the Distribution Date, continue to receive such benefits under a Darden Welfare Plan (subject to the terms and conditions of such plans). 
ARTICLE VI

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WITHHOLDING; PAYROLL DEDUCTIONS
Section 6.1    Garnishments, Tax Levies, Child Support Orders, and Wage Assignments; Other deductions.
With respect to garnishments, tax levies, child support orders, and wage assignments in effect with Darden on the Distribution Date for any Transferred Employees, FCPT and its Affiliates, as appropriate, shall honor such payroll deduction authorizations and shall continue to make payroll deductions and payments to the authorized payee, as specified by the court or governmental order which was on file with Darden as of the Distribution Date.  Darden shall, as soon as practicable after the Distribution Date, provide FCPT and its Affiliates, as appropriate, with such information in Darden’s possession (and not already in the possession of a member of the FCPT Group) as may be reasonably requested by the FCPT Group and necessary for the FCPT Group to make the payroll deductions and payments to the authorized payee as required by this Section 6.1.  Unless otherwise agreed by the Parties and permitted under the applicable FCPT Benefit Plan, any payroll deductions that were applicable to any Transferred Employee with respect to any Darden Benefit Plan will not be automatically applied to any FCPT Benefit Plan in which such Transferred Employee may participate after the Distribution Date, and Transferred Employee will be required to make new deduction elections with respect to the FCPT Benefit Plans in accordance with the terms of the applicable FCPT Benefit Plan.  
ARTICLE VII
ADDITIONAL COMPENSATION MATTERS
Section 7.1    Annual Cash Incentive Awards. 
(a)    FCPT Assumption of Annual Cash Incentive Liability.  Darden maintains certain cash incentive plans in which FCPT Participants are eligible to participate, as set forth on Schedule __ hereto (the “Darden Cash Incentive Plans”).  Effective as of the day following the Distribution Date, FCPT shall assume or retain, as applicable, responsibility for all Liabilities and fully perform, pay and discharge all obligations, when such obligations become due, relating to any awards that any Transferred Employee is eligible to receive under the Darden Cash Incentive Plans with respect to the applicable performance period that has not ended prior to the Distribution Date and, provided that notwithstanding the foregoing with respect to the quarterly performance period in effect at the time of the Distribution Date, Darden shall reimburse FCPT for two-thirds of the amount paid by FCPT to each Transferred Employee pursuant to the terms of the Darden Cash Incentive Plans, which reimbursement shall be made no later than 10 (ten) days following FCPT’s payment to Transferred Employee.
(b)    Establishment of FCPT Cash Incentive Plan.  Effective as the day following the Distribution Date, FCPT shall have adopted a cash incentive plan which shall permit the issuance of quarterly or annual cash incentive awards on terms and conditions substantially comparable to those under the Darden Cash Incentive Plans for the benefit of the FCPT Employees (provided that the payment amounts and individual performance criteria shall be established in the discretion of the FCPT CEO for the Kerrow employees who will continue to be eligible for quarterly incentive awards or the discretion of the Board or the Compensation Committee thereof for annual cash incentive awards to the FCPT employees) and FCPT shall continue to maintain such similar incentive plan to Kerrow employees for a period of no less two full calendar quarters following the Distribution Date.
Section 7.2    Individual Arrangements.

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(a)    Darden Individual Arrangements.  Darden acknowledges and agrees that, except as otherwise provided herein or identified on Schedule __ hereto, it shall have full responsibility with respect to any Liabilities and the payment or performance of any obligations arising out of or relating to any employment, consulting, non-competition, retention or other similar compensatory arrangement previously provided by any member of the Darden Group or FCPT Group to any Darden Participant.
(b)    FCPT Individual Arrangements.  FCPT acknowledges and agrees that, except as otherwise provided in this Agreement or identified on Schedule __ hereto, it shall have full responsibility with respect to any Liabilities and the payment or performance of any obligations arising out of or relating to any employment, consulting, non-competition, retention or other similar compensatory arrangement previously provided by any member of the Darden Group or FCPT Group to any FCPT Participant.  For the avoidance of doubt, FCPT shall be responsible for the retention or similar bonus payments if such payment is conditioned on the continued employment by the applicable FCPT Employee for any period of time following the Distribution Date.
Section 7.3    Severance Liabilities.
(a)    Assumption of Severance Liabilities.  In the event of termination of employment of any Transferred Employee following the Distribution Date, such employee shall be entitled to receive from FCPT severance benefits no less favorable than those to which the employee would have been entitled from Darden on or prior to the Distribution Date.  Darden shall assume or retain, as applicable, responsibility for all Liabilities and fully perform, pay and discharge all obligations, when such obligations become due, relating to any severance benefit to which any Darden Participant, Former Employee or any other employee of Darden or its Affiliates other than a Transferred Employee may become entitled under any applicable severance program or policy as of and following the Distribution Date.
(b)    Effect of the Distribution on Severance.  Darden and FCPT acknowledge and agree that the transactions contemplated by this Agreement and the Distribution Agreement shall not constitute a termination of employment of any FCPT Participant for purposes of any policy, practice, plan, program or agreement of Darden or FCPT or any member of the Darden Group or FCPT Group that provides for the payment of severance, separation pay, salary continuation or similar benefits in the event of a termination of employment.
ARTICLE VIII
GENERAL AND ADMINISTRATIVE
Section 8.1    Employer Rights.  Nothing in this Agreement shall be deemed to be an amendment to any Darden Benefit Plan or to prohibit any member of the Darden Group from amending, modifying or terminating any Darden Benefit Plan at any time within its sole discretion.
Section 8.2    Effect on Employment.  Nothing in this Agreement is intended to or shall confer upon any employee or former employee of Darden, FCPT or any of their respective Affiliates any right to continued employment, or any recall or similar rights to any such individual on layoff or any type of approved leave.
Section 8.3    Effect on Restrictive Covenants.  Darden will not assert (and will cause the other members of the Darden Group not to assert) that any service of a 

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Transferred Employee with the FCPT Group on or after the Distribution Date will constitute a breach of any confidentiality or noncompetition obligations imposed on Transferred Employees by any member of the Darden Group pursuant to any agreement in effect before the Distribution Date.
Section 8.4    Nonsolicitation of Employees.
(a)    Darden agrees not to (and to cause the other members of the Darden Group not to) solicit or recruit for hire any employee of FCPT or any other member of the FCPT Group at the restaurant manager, restaurant general manager, or vice president of restaurant operations level (a “Management Employee”) for a period of two years following the Distribution Date or until three months after the Management Employee’s employment with FCPT or any other member of the FCPT Group terminates, whichever occurs first.

(b)    FCPT agrees not to (and to cause the other members of the FCPT Group not to) solicit or recruit for hire any Management Employee of Darden or any other member of the Darden Group for a period of two years following the Distribution Date or until three months after the Management Employee’s employment with Darden or any other member of the Darden Group terminates, whichever occurs first.

(c)    Notwithstanding the foregoing provisions of this Section 8.4, such prohibitions on solicitation shall not restrict general recruitment efforts carried out through a public or general solicitation.
Section 8.5    Access To Employees.  On and after the Distribution Date, Darden and FCPT shall, or shall cause each of their respective Affiliates to, make available to each other those of their employees who may reasonably be needed in order to defend or prosecute any legal or administrative action (other than a legal action between Darden and FCPT) to which any employee or director of the Darden Group or FCPT Group or Darden Benefit Plan is a party and which relates to a Darden Benefit Plan. The Party to whom an employee is made available in accordance with this Section 8.5 shall pay or reimburse the other Party for all reasonable expenses which may be incurred by such employee in connection therewith, including all reasonable travel, lodging, and meal expenses, but excluding any amount for such employee’s time spent in connection herewith.
ARTICLE IX
MISCELLANEOUS
Section 9.1    Effect if Distribution Does Not Occur.  Notwithstanding anything in this Agreement to the contrary, if the Distribution Agreement is terminated before the Effective Time, then all actions and events that are under this Agreement to be taken or occur effective before, as of or following the Distribution Date, or otherwise in connection with the Distribution, shall not be taken or occur except to the extent specifically agreed to in writing by Darden and FCPT, and neither Party shall have any Liability or further obligation to the other Party under this Agreement.
Section 9.2    Relationship Of Parties.  Nothing in this Agreement shall be deemed or construed by the Parties or any third Person as creating the relationship of principal and agent, partnership or joint venture between the Parties, it being understood 

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and agreed that no provision contained herein, and no act of the Parties, shall be deemed to create any relationship between the Parties other than the relationship set forth herein.
Section 9.3    Affiliates.  Each of Darden and FCPT shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement to be performed by each of their Affiliates, respectively.
Section 9.4    Authorization.  Each of the Parties hereby represents and warrants that it has the power and authority to execute, deliver and perform this Agreement, that this Agreement has been duly authorized by all necessary corporate action on the part of such Party, that this Agreement constitutes a legal, valid and binding obligation of each such Party and that the execution, delivery and performance of this Agreement by such Party does not contravene or conflict with any provision of law or of its charter or bylaws or any material agreement, instrument or order binding on such Party.
Section 9.5    Severability.  If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced under any Law or as a matter of public policy, all other conditions and provisions of this Agreement shall remain in full force and effect.  Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in a mutually acceptable manner in order that the Transactions be consummated as originally contemplated to the greatest extent possible.
Section 9.6    Entire Agreement.  Except as otherwise expressly provided in this Agreement, this Agreement (including the Schedules and Exhibits hereto and, to the extent referred to herein, the Distribution Agreement and the other Transaction Agreements) constitutes the entire agreement of the Parties with respect to the subject matter of this Agreement and supersedes all prior agreements and undertakings, both written and oral, between or on behalf of the Parties hereto with respect to the subject matter of this Agreement.
Section 9.7    Assignment; No Third-Party Beneficiaries.  This Agreement shall not be assigned by either Party without the prior written consent of the other Party hereto.  This Agreement is for the sole benefit of the Parties to this Agreement and members of their respective Group and their permitted successors and assigns and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person (including any current or former director or employee of any member of the Darden Group or FCPT Group) any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.
Section 9.8    Amendment.  No provision of this Agreement may be amended or modified except by a written instrument each of the Parties; provided, however, that Schedule A may be amended by Darden at any time before the Effective Time without the consent of FCPT. No waiver by either Party of any provision of this Agreement shall be effective unless explicitly set forth in writing and executed by the Party so waiving. The waiver by any Party of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other subsequent breach.

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Section 9.9    Rules of Construction.  Interpretation of this Agreement shall be governed by the following rules of construction:  (i) words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the other gender as the context requires, (ii) references to the terms Article, Section, paragraph, clause, Exhibit and Schedule are references to the Articles, Sections, paragraphs, clauses, Exhibits and Schedules of this Agreement unless otherwise specified, (iii) the terms “hereof,” “herein,” “hereby,” “hereto,” and derivative or similar words refer to this entire Agreement, including the Schedules and Exhibits hereto, (iv) references to “$” shall mean U.S. dollars, (v) the word “including” and words of similar import when used in this Agreement shall mean “including without limitation,” unless otherwise specified, (vi) the word “or” shall not be exclusive, (vii) references to “written” or “in writing” include in electronic form, (viii) provisions shall apply, when appropriate, to successive events and transactions, (ix) the table of contents and headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement, (x) the Parties have each participated in the negotiation and drafting of this Agreement and, if an ambiguity or question of interpretation should arise, this Agreement shall be construed as if drafted jointly by the Parties and no presumption or burden of proof shall arise favoring or burdening any Party by virtue of the authorship of any of the provisions in this Agreement or any interim drafts of this Agreement, and (xi) a reference to any Person includes such Person’s successors and permitted assigns.
Section 9.10    Counterparts.  This Agreement may be executed in two (2) or more counterparts, and by the different Parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page to this Agreement by facsimile or portable document format (PDF) shall be as effective as delivery of a manually executed counterpart of this Agreement.

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IN WITNESS WHEREOF, the Parties hereto have caused this Employee Matters Agreement to be executed on the date first written above by their respective duly authorized officers.

DARDEN RESTAURANTS, INC.
		
	By: __________________________ 
Name: 
	 
Title:    

FOUR CORNERS PROPERTY TRUST, INC.
		
	By: __________________________ 
Name: 
	 
Title:    

Signature Page to Employee Matters Agreement

2

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