Your Services. as an officer and employee of Triarc and any of its direct and indirect subsidiaries, will cease effective as of 11:59 p.m. Eastern Daylight Time on June 29, 2007 (the "TERMINATION DATE"), at which time the Employment Agreement shall terminate and have no further legal effect; PROVIDED that the provisions of Section 9, Section 10, Section 11.C and Section 12.A and 12.C of the Employment Agreement shall remain in effect pursuant to their terms (and you acknowledge the receipt of sufficient consideration from Triarc to support the continued applicability of all restrictive covenants). The parties acknowledge that there have been agreements and mutual courses of conduct respecting both control and non-control positions in securities in regard to Section 9 of the Employment Agreement and the parties incorporate those agreements and mutual courses of conduct herein, with the understanding that Trian Fund Management, L.P. ("TRIAN"), Peter W. May and you (and each of your affiliates) (collect▇▇▇▇▇, ▇he "Parties") agree to offer to Triarc the prior opportunity to acquire securities representing more than 50% of the outstanding securities with respect to any acquisition opportunities you or the Parties may have in the quick service restaurant segment in which Arby's Restaurant Group, Inc. operates, provided the conditions set forth in Section 3(c)(i) of the Amended and Restated Investment Management Agreement between TCMG-MA, LLC and Trian, dated April 30, 2007 restricting the right of the "ROFR Investors" (as defined in such agreement) to have a "ROFR" (as defined in such agreement) on such investment remain in effect at the time you or the Parties have such acquisition opportunity.
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Your Services. as an officer and employee of Triarc and any of its direct and indirect subsidiaries, will cease effective as of 11:59 p.m. Eastern Daylight Time on June 29, 2007 (the "TERMINATION DATE"), at which time the Employment Agreement shall terminate and have no further legal effect; PROVIDED that the provisions of Section 9, Section 10, Section 11.C and Section 12.A and 12.C of the Employment Agreement shall remain in effect pursuant to their terms (and you acknowledge the receipt of sufficient consideration from Triarc to support the continued applicability of all restrictive covenants). The parties acknowledge that there have been agreements and mutual courses of conduct respecting both control and non-control positions in securities in regard to Section 9 of the Employment Agreement and the parties incorporate those agreements and mutual courses of conduct herein, with the understanding that Trian Fund Management, L.P. ("TRIAN"), Peter W. May Nelson Peltz and you (and each of your affiliates) (collect▇▇▇▇▇▇▇▇▇▇▇▇, ▇he ▇▇ "Parties") agree to offer to Triarc the prior opportunity to acquire securities representing more than 50% of the outstanding securities with respect to any acquisition opportunities you or the Parties may have in the quick service restaurant segment in which Arby's Restaurant Group, Inc. operates, provided the conditions set forth in Section 3(c)(i) of the Amended and Restated Investment Management Agreement between TCMG-MA, LLC and Trian, dated April 30, 2007 restricting the right of the "ROFR Investors" (as defined in such agreement) to have a "ROFR" (as defined in such agreement) on such investment remain in effect at the time you or the Parties have such acquisition opportunity.
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