TURBOCHEF TECHNOLOGIES INC
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<TYPE>EX-10.25
<SEQUENCE>9
<FILENAME>d14288_ex10-25.htm
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<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>EMPLOYMENT
AGREEMENT</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
is an Employment Agreement entered into between TurboChef Technologies, Inc., a
Delaware corporation, or &#147;TurboChef&#148;, and Richard E. Perlman, or &#147;Executive&#148;,
the terms and conditions of which are as follows:</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>&#167; 1.&nbsp;&nbsp;&nbsp;&nbsp;TERM
OF EMPLOYMENT</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the terms and conditions set forth in this Employment Agreement, TurboChef
agrees to employ Executive and Executive agrees to be employed by TurboChef for
an initial term of three years, starting on October 28, 2003 and ending on the third
anniversary of such date; provided, however, this initial three year term
automatically shall extend for one additional year on such third anniversary
date and on each subsequent anniversary of such date unless TurboChef or
Executive notifies the other pursuant to &#167;&nbsp;6(a) that no such extension
will be effected at least six months before such anniversary date.&#160; The date described in this &#167;&nbsp;1 on which
Executive starts his employment with TurboChef shall be referred to in this
Employment Agreement as the &#147;Starting Date&#148;.&#160;
The employment term described in this &#167;&nbsp;1 shall be referred to in
this Employment Agreement as the &#147;Term&#148;.&#160;
Executive&#146;s primary location of employment shall be at TurboChef&#146;s
offices in New York City.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>&#167; 2.&nbsp;&nbsp;&nbsp;&nbsp;POSITION
AND DUTIES AND RESPONSIBILITIES</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Position</U>.&#160; Executive shall be the Chairman of the Board
of TurboChef.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties
and Responsibilities</U>.&#160; Executive&#146;s
duties and responsibilities shall be those normally associated with Executive&#146;s
position as a chairman of the board plus any additional duties and responsibilities
that TurboChef&#146;s Board of Directors from time to time may assign orally or in
writing to Executive.&#160; Executive shall
report to TurboChef&#146;s Board of Directors and shall have such powers as may be
delegated to him by such board.&#160;
Executive shall undertake to perform all Executive&#146;s duties and
responsibilities for TurboChef in good faith and on a full-time basis and shall
at all times act in the course of Executive&#146;s employment under this Employment
Agreement in the best interest of TurboChef.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>&#167; 3.&nbsp;&nbsp;&nbsp;&nbsp;COMPENSATION
AND BENEFITS</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Base
Salary</U>.&#160; Executive&#146;s initial base
salary shall be $365,000.00 per year, which base salary shall be payable in
accordance with TurboChef&#146;s standard payroll practices and policies for senior
executives (but not less frequently than monthly) and shall be subject to such
withholdings as required by law or as otherwise permissible under such
practices or policies.&#160; Executive&#146;s base
salary shall be adjusted annually for any changes in the Consumer Price Index
(CPI), with the adjustment applied effective as of the first day of the month
following the anniversary of the Starting Date.&#160; The adjustment will be directly proportional to the percent
change in the CPI for All Urban Consumers (CPI-U) for the U.S. City Average for
All Items, 1982-84=100, comparing the CPI for October for the current year
against the CPI for October 2003.&#160; The </FONT></P>

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<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Compensation Committee
may, in its sole discretion, determine a reasonable adjustment if a major
revision in the CPI occurs. &#160;The base
salary also is subject to periodic adjustments as determined by the
Compensation Committee of TurboChef&#146;s Board of Directors.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Bonus</U>.&#160; Executive during the Term shall receive an
annual bonus of two percent (2%) of TurboChef&#146;s pre-tax income.&#160; The bonus amount shall be payable in a lump
sum not later than ten business days after TurboChef&#146;s financial results for
the year are publicly released.&#160;
Executive&#146;s bonus shall be prorated for any partial year of employment.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employee
Benefit Plans</U>.&#160; Executive shall be
eligible to participate in the employee benefit plans, programs and policies
maintained by TurboChef for similarly situated executives in accordance with
the terms and conditions to participate in such plans, programs and policies as
in effect from time to time.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Option
Grants</U>.&#160; All options to purchase
shares of the common stock of TurboChef (&#147;TurboChef Stock&#148;) that TurboChef
grants to Executive shall vest over thirty six months in twelve equal quarterly
installments of 8-1/3% on the calendar date of the grant in the third, sixth, ninth
and twelfth months following the grant date and following each of the next two
anniversaries of the grant date.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vacation</U>.&#160; Executive shall accrue eight weeks of
vacation during each successive one year period in the Term, which vacation
time shall be taken at such time or times in each such one year period so as
not to materially and adversely interfere with the business of TurboChef.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Automobile
Allowance</U>.&#160; TurboChef shall (in
addition to any other compensation under this Employment Agreement) pay Executive
an additional $1,500 per month as an automobile allowance.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses</U>.&#160; TurboChef shall reimburse Executive for, or
pay directly, all reasonable business expenses incurred by Executive at the
request of, or on behalf of, TurboChef in the performance of Executive&#146;s duties
under this Employment Agreement, provided that Executive incurs and accounts
for such expenses in accordance with all of the policies and directives of TurboChef
as in effect from time to time.&#160;
TurboChef shall pay Executive up to $2,000 per month to maintain an
apartment in Atlanta, Georgia.&#160; Business
expenses payable or reimbursable hereunder shall be referred to in this
Employment Agreement as &#147;Business Expenses.&#148;</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>&#167; 4.&nbsp;&nbsp;&nbsp;&nbsp;TERMINATION
OF EMPLOYMENT</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
By TurboChef Other Than For Cause Or Disability Or By Executive For Good
Reason.</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
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  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(1)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">TurboChef shall have the right to terminate
  Executive&#146;s employment at any time, and Executive shall have the right to
  resign at any time.&#160; However, a notice
  under &#167;&nbsp;1 that no extension </FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">- 2 -</FONT></P>

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<BR>

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  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">of Executive&#146;s Term will be effected shall not
  constitute a termination of Executive&#146;s employment by TurboChef or a
  resignation by Executive.&#160; If either TurboChef
  or Executive elects to give such notice, TurboChef&#146;s only obligation to
  Executive under this Employment Agreement after the expiration of the Term
  shall be to pay Executive&#146;s earned but unpaid salary and benefits then in
  effect under &#167;&nbsp;3(a), if any, until the date the Term expired.</FONT></P></TD>
 </TR>
 <TR>
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  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
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  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">If TurboChef terminates Executive&#146;s employment other
  than for Cause or Disability or Executive resigns for Good Reason, TurboChef
  shall (in lieu of any other severance benefits under any of TurboChef&#146;s
  employee benefit plans, programs or policies) pay Executive an amount in a
  lump sum equal to three times Executive's total annual compensation
  (including base salary, bonuses and benefits) in effect either immediately
  before Executive&#146;s termination of employment or on the first day of the Term,
  whichever is greater, and TurboChef thereafter shall make any &#147;Gross-Up
  Payment&#148; called for under &#167;&nbsp;4(f) to Executive.&#160; Such payment shall be made within five business days after the
  date Executive&#146;s employment is terminated, or, in the case of a &#147;Gross-Up
  Payment&#148; under &#167;&nbsp;4(f), when such excise tax is determined to be payable.&#160; Executive waives Executive&#146;s rights, if
  any, to have such payment taken into account in computing any other benefits
  payable to, or on behalf of, Executive by TurboChef.&#160; In addition, all outstanding stock options
  shall immediately vest and become exercisable, and the agreements or certificates
  representing such options shall be deemed amended as necessary to permit such
  accelerated vesting.</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
By TurboChef For Cause or By Executive Other Than For Good Reason.</U></FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(1)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">TurboChef shall have the right to terminate
  Executive&#146;s employment at any time for Cause, and Executive shall have the
  right to resign at any time other than for Good Reason.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">If TurboChef terminates Executive&#146;s employment for
  Cause or Executive resigns other than for Good Reason, TurboChef only
  obligation to Executive under this Employment Agreement shall be to pay
  Executive&#146;s earned but unpaid base salary and benefits up to the date
  Executive&#146;s employment terminates.&#160;
  Furthermore, if terminated for Cause, Executive shall forfeit any
  amount of a bonus that may have been earned in the year of termination and
  Executive&#146;s right to exercise any outstanding options to purchase common
  stock of TurboChef.</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cause</U>.&#160; The term &#147;Cause&#148; as used in this Employment
Agreement means</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">- 3 -</FONT></P>

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  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(1)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Executive has engaged in conduct which in the
  judgment of TurboChef&#146;s Board of Directors constitutes gross negligence,
  gross misconduct or gross neglect in the performance of Executive&#146;s duties
  and responsibilities under this Employment Agreement, including conduct
  resulting or intending to result directly or indirectly in gain or personal
  enrichment for Executive at TurboChef&#146;s expense;</FONT></P></TD>
 </TR>
 <TR>
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  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
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  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Executive has been convicted of a felony for fraud,
  embezzlement or theft; or</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(3)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Executive has engaged in a breach of any provision
  of this Employment Agreement which Executive has failed to cure within thirty
  days after Executive has notice of such breach from TurboChef&#146;s Board of
  Directors; provided, however,</FONT></P></TD>
 </TR>
 <TR>
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  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(4)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">No &#147;Cause&#148; shall exist under this Employment
  Agreement unless (i)&nbsp;Executive has been provided a detailed, written
  statement of the basis for TurboChef&#146;s belief that &#147;Cause&#148; exists and an
  opportunity to meet with TurboChef&#146;s Board of Directors (together with
  Executive&#146;s counsel (if Executive chooses to have Executive&#146;s counsel present
  at such meeting)) after Executive has had a reasonable period in which to
  review such statement and (ii)&nbsp;TurboChef&#146;s Board of Directors determines
  (after such meeting, if Executive meets with TurboChef&#146;s Board of Directors)
  reasonably and in good faith and by the affirmative vote of not less than a majority
  of the members of TurboChef&#146;s Board of Directors then in office at a meeting
  called and held for such purpose that &#147;Cause&#148; does exist under this
  Employment Agreement.</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Good
Reason</U>.&#160; The term &#147;Good Reason&#148;
means, in the absence of Executive&#146;s specific agreement thereto,&#160;&#160; </FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
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  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(1)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Any material reduction in Executive&#146;s base salary;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">A material reduction in Executive's job functions,
  duties or responsibilities, or a similar change in Executive's reporting
  relationships;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
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  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(3)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">A relocation of Executive&#146;s primary work site(s)
  more than one hundred miles from Executive&#146;s current primary work site(s); or</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(4)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Any material breach of any of the terms of this
  Employment Agreement by TurboChef;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">provided, however, no
Good Reason shall exist unless (i) Executive gives TurboChef a detailed,
written statement of the basis for Executive&#146;s belief that Good Reason exists
and gives TurboChef a fifteen day period after the delivery of such statement
to cure the </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">- 4 -</FONT></P>

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<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">basis for such belief and (ii) Executive actually submits
Executive&#146;s resignation to TurboChef&#146;s Board of Directors during the sixty day
period which begins immediately after the end of such fifteen day period if
Executive reasonably and in good faith determines that Good Reason continues to
exist after the end of such fifteen day period.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
for Disability or Death</U>.</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(1)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">TurboChef shall have the right to terminate
  Executive&#146;s employment on or after the date Executive has a Disability, and
  Executive&#146;s employment shall terminate at Executive&#146;s death.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">If Executive&#146;s employment terminates under this
  &#167;&nbsp;4(e), TurboChef&#146;s only obligation under this Employment Agreement
  shall be to pay Executive or, if Executive dies, Executive&#146;s estate any
  earned but unpaid base salary, benefits and bonus then in effect under
  &#167;&nbsp;3(a) and non-reimbursed Business Expenses through the date Executive&#146;s
  employment terminates.</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
term &#147;Disability&#148; as used in this Employment Agreement means the suffering by
Executive for at least a 180 consecutive day period of a physical or mental
condition resulting from bodily injury, disease, or mental disorder which
renders Executive incapable of continuing even with reasonable accommodation to
perform the essential functions of Executive&#146;s job.&#160; TurboChef&#146;s Board of Directors shall determine whether Executive
has a Disability.&#160; If Executive disputes
such determination, the issue shall be submitted to a panel consisting of three
physicians who specialize in the physical or mental condition from which
Executive suffers, one appointed and paid by TurboChef, one appointed and paid
by Executive and the third appointed by these two physicians and paid one-half
by TurboChef and one-half by Executive.&#160;
The determination as to whether Executive has a Disability shall be made
by such panel and shall be binding on TurboChef and on Executive.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change
in Control</U>.&#160; If there is a &#147;Change
in Control&#148;, Executive&#146;s right to exercise all outstanding stock options which
have been granted to Executive by TurboChef shall immediately become 100%
vested and non-forfeitable and, further, Executive shall have the right in
Executive&#146;s sole discretion upon two weeks advance written notice to resign
Executive&#146;s employment as of any date within the six month period immediately
following the date of such Change in Control, in which event TurboChef shall
pay to Executive within five days after the date of the termination of
Executive&#146;s employment an amount equal to three times Executive's total annual
compensation (including base salary, bonuses and benefits) in effect either
immediately before Executive&#146;s termination of employment or on the first day of
the Term, whichever is greater. &#160;TurboChef
thereafter shall make any &#147;Gross-Up Payment&#148; called for under this &#167;&nbsp;4(f)
to Executive when such excise tax is determined to be payable.&#160; Executive waives Executive&#146;s right, if any,
to have any and all such options (to the extent an exercise right is
accelerated under this &#167;&nbsp;4(f)) and payments taken into account in
computing any other benefits payable to, or on behalf of, Executive by TurboChef.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">- 5 -</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
term &#147;Change in Control&#148; as used in this Employment Agreement means:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(1)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">The acquisition at any time by any person, entity or
  &#147;group&#148; within the meaning of Sections 13(d)(3) or 14(d)(2) of the Securities
  Exchange Act of 1934 (excluding, for this purpose, TurboChef, its affiliates,
  or any employee benefit plan of TurboChef or any of its affiliates) of
  beneficial ownership (within the meaning of Rule 13d-3 promulgated under such
  securities law) of more than fifty percent of either the then outstanding
  shares of common stock of TurboChef or of the combined voting power of TurboChef&#146;s
  then outstanding voting securities or any such acquisition of more than fifty
  percent of either such common stock or voting securities of TurboChef or of
  the combined voting power of TurboChef&#146;s then outstanding voting securities
  except for an acquisition resulting from a disposition of such stock or
  securities effected by TurboChef or a public offering by TurboChef;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">The individuals who constitute the members of the
  Board of Directors of TurboChef, who shall be referred to as the &#147;Incumbent
  Members&#148;, cease for any reason to constitute at least a majority of such
  Board of Directors, provided that any individual becoming a member after the
  date of this Employment Agreement whose election, or nomination for election
  by TurboChef&#146;s stockholders, was approved by a vote of at least a majority of
  the then Incumbent Members shall be considered as though such individual was
  an Incumbent Member; provided, however, that any individual becoming a member
  of the Board of Directors in the aforesaid manner as part of a group whose
  membership after election constitutes a majority of the Board of Directors,
  or whose membership becomes a majority of the Board of Directors within a
  reasonably short period of time because of the resignation of Incumbent
  Members following the election of such group, will not be considered as an
  Incumbent Member; or</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(3)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">The approval by the stockholders of TurboChef of (i)
  a merger, consolidation or other reorganization where, in each case, with
  respect to which persons who were the stockholders of TurboChef immediately
  prior to such merger, consolidation or other reorganization, immediately
  thereafter, they do not own more than fifty percent of the combined voting
  power of the merged, consolidated or reorganized TurboChef&#146;s then outstanding
  voting securities, or of (ii) the sale of all or substantially all of the
  assets of TurboChef; provided, however, in such event the Change in Control
  described in this &#167;&nbsp;4(f) will be deemed to have occurred immediately prior
  to such stockholder approval.</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">- 6 -</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
TurboChef or TurboChef&#146;s accountants determine that the option exercise right
and the severance payments called for under this &#167;&nbsp;4(f) plus any other
payments or benefits made available to Executive by TurboChef upon a Change in
Control will result in Executive being subject to an excise tax under Section
4999 of the Internal Revenue Code of 1986, as amended, or &#147;Code&#148;, or if such an
excise tax is assessed against Executive as a result of such option exercise
right or payment or other benefits, TurboChef shall make a &#147;Gross Up Payment&#148;
to or on behalf of Executive as and when each and any such determination or
assessment, as applicable, is made, provided Executive takes such action (other
than waiving Executive&#146;s right to any payments or benefits otherwise due from TurboChef)
as TurboChef reasonably requests under the circumstances to mitigate or
challenge such tax; provided, however, if TurboChef or TurboChef&#146;s accountants
determine that no Gross Up Payment would be payable under this &#167;&nbsp;4(f) if
Executive waives Executive&#146;s right to receive a part of such payments and such
part does not exceed $10,000, Executive agrees to irrevocably waive Executive&#146;s
right to receive such part of such payments if an independent accountant or
lawyer retained by Executive and paid by TurboChef agrees with the
determination made by TurboChef or TurboChef&#146;s accountants.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
term &#147;Gross Up Payment&#148; as used in this Employment Agreement shall mean a
payment to or on behalf of Executive which shall be sufficient to pay (i) any
excise tax described in this &#167; 4(f) in full, (ii)&nbsp;any federal, state and
local income tax and social security or other employment tax on the payment
made to pay such excise tax as well as any additional excise tax on such payment
and (iii) any interest or penalties assessed by the Internal Revenue Service on
Executive if such interest or penalties are attributable to TurboChef&#146;s failure
to comply with its obligations under this &#167;4(f) or applicable law.&#160; Any determination under this &#167;4(f) by TurboChef
or TurboChef&#146;s accountants shall be made in accordance with Section 280G of the
Code and any applicable related regulations (whether proposed, temporary or
final) and any related Internal Revenue Service rulings and any related case law
and, if TurboChef reasonably requests that Executive take action to mitigate or
challenge, or to mitigate and challenge, any such tax or assessment and
Executive complies with such request, TurboChef shall provide Executive with
such information and such expert advice and assistance from TurboChef&#146;s
accountants, lawyers and other advisors as Executive may reasonably request and
shall pay for all expenses incurred in effecting such compliance and any
related fines, penalties, interest and other assessments.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Benefits
at Termination of Employment</U>.&#160;
Executive upon Executive&#146;s termination of employment shall have the
right to receive any benefits payable under TurboChef&#146;s employee benefit plans,
programs and policies which Executive otherwise has a nonforfeitable right to
receive under the terms of such plans, programs and policies (other than
severance benefits) independent of Executive&#146;s rights under this Employment
Agreement in addition to any base salary under &#167;&nbsp;3(a) which accrued as of
the termination date and are expressly payable under this &#167;&nbsp;4 without
regard to the reason for such termination of employment.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">- 7 -</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>&#167; 5.&nbsp;&nbsp;&nbsp;&nbsp;COVENANTS
BY EXECUTIVE</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TurboChef
Property.&#160; </FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(1)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Executive upon the termination of Executive&#146;s
  employment for any reason or, if earlier, upon TurboChef&#146;s request shall
  promptly return all &#147;Property&#148; which had been entrusted or made available to
  Executive by TurboChef.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">The term &#147;Property&#148; means all records, files,
  memoranda, reports, price lists, customer lists, drawings, plans, sketches,
  keys, codes, computer hardware and software, equipment and other property of
  any kind or description prepared, used or possessed by Executive during
  Executive&#146;s employment by TurboChef and, if applicable, any of its affiliates
  (and any duplicates of any such property) together with any and all
  information, ideas, concepts, discoveries, and inventions and the like
  conceived, made, developed or acquired at any time by Executive individually
  or, with others during Executive&#146;s employment which relate to TurboChef
  business, products or services.</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Trade
Secrets</U>.</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(1)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Executive agrees that Executive will hold in a
  fiduciary capacity for the benefit of TurboChef, and any of its affiliates,
  and will not directly or indirectly use or disclose, any &#147;Trade Secret&#148; that
  Executive may have acquired during the term of Executive&#146;s employment by TurboChef
  or any of its affiliates for so long as such information remains a Trade
  Secret.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">The term &#147;Trade Secret&#148; means information,
  including, but not limited to, technical or nontechnical data, a formula, a
  pattern, a compilation, a program, a device, a method, a technique, a
  drawing, a process, financial data, financial plans, product plans, or a list
  of actual or potential customers or suppliers that (a) derives economic
  value, actual or potential, from not being generally known to, and not being
  generally readily ascertainable by proper means by, other persons who can
  obtain economic value from its disclosure or use and (b) is the subject of
  reasonable efforts by TurboChef and any of its affiliates to maintain its
  secrecy.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(3)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">This &#167;&nbsp;5(b) and &#167;&nbsp;5(c) are intended to
  provide rights to TurboChef which are in addition to, not in lieu of, those
  rights TurboChef has under the common law or applicable statutes for the
  protection of trade secrets.</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">- 8 -</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential
Information</U>.</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(1)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Executive while employed under this Employment
  Agreement and thereafter during the &#147;Restricted Period&#148; shall hold in a
  fiduciary capacity for the benefit of TurboChef and any of its affiliates,
  and shall not directly or indirectly use or disclose, any &#147;Confidential
  Information&#148; that Executive may have acquired (whether or not developed or
  compiled by Executive and whether or not Executive is authorized to have
  access to such information) during the term of, and in the course of, or as a
  result of Executive&#146;s employment by TurboChef or any of its affiliates.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">The term &#147;Confidential Information&#148; means any
  secret, confidential or proprietary information possessed by TurboChef or any
  of its affiliates relating to their businesses, including, without limitation,
  trade secrets, customer lists, details of client or consultant contracts,
  current and anticipated customer requirements, pricing policies, price lists,
  market studies, business plans, operational methods, marketing plans or
  strategies, product development techniques or flaws, computer software
  programs (including object code and source code), data and documentation
  data, base technologies, systems, structures and architectures, inventions
  and ideas, past current and planned research and development, compilations,
  devices, methods, techniques, processes, financial information and data,
  business acquisition plans and new personnel acquisition plans (not otherwise
  included in the definition of a Trade Secret under this Employment Agreement)
  that has not become generally available to the public by the act of one who
  has the right to disclose such information without violating any right of TurboChef
  or any of its affiliates.&#160;
  Confidential Information may include, but not be limited to, future
  business plans, licensing strategies, advertising campaigns, information
  regarding customers, Executives and independent contractors and the terms and
  conditions of this Employment Agreement.</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restricted
Period</U>.&#160; The term &#147;Restricted Period&#148;
as used in the Employment Agreement shall mean the twenty-four month period
which starts on the date Executive&#146;s employment terminates with TurboChef
without regard to whether such termination comes before or after the end of the
Term.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Nonsolicitation
of Customers or Employees.</U></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(1)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Executive (i) while employed under this Employment
  Agreement shall not, on Executive&#146;s own behalf or on behalf of any person,
  firm, partnership, association, corporation or business organization, entity
  or enterprise (other than TurboChef or one of its affiliates), solicit
  Competing Business of customers of TurboChef or any of its </FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">- 9 -</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<BR>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">affiliates and (ii) during the Restricted Period
  shall not, on Executive&#146;s own behalf or on behalf of any person, firm,
  partnership, association, corporation or business organization, entity or
  enterprise, solicit Competing Business of customers of TurboChef or any of
  its affiliates with whom Executive within the twenty-four month period
  immediately preceding the beginning of the Restricted Period had or made
  contact with in the course of Executive&#146;s employment by TurboChef.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Executive (i) while employed under this Employment
  Agreement shall not, either directly or indirectly, call on, solicit or
  attempt to induce any other officer, employee or independent contractor of TurboChef
  or any of its affiliates to terminate his or her employment with TurboChef or
  any of its affiliates and shall not assist any other person or entity in such
  a solicitation (regardless of whether any such officer, employee or
  independent contractor would commit a breach of contract by terminating his
  or her employment), and (ii)&nbsp;during the Restricted Period, shall not,
  either directly or indirectly, call on, solicit or attempt to induce any
  other officer, employee or independent contractor of TurboChef or any of its
  affiliates with whom Executive had contact, knowledge of, or association in
  the course of Executive&#146;s employment with TurboChef or any of its affiliates
  as the case may be, during the twelve month period immediately preceding the
  beginning of the Restricted Period, to terminate his or her employment with TurboChef
  or any of its affiliates and shall not assist any other person or entity in
  such a solicitation (regardless of whether any such officer, employee or
  independent contractor would commit a breach of contract by terminating his
  or her employment).</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(3)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">The term &#147;Competing Business&#148; as used in this
  Employment Agreement means the development, marketing, selling, licensing or
  servicing of appliances utilizing a combination of microwave and other
  heating source for cooking food rapidly.</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Noncompetition
Obligation</U>.&#160; Executive while
employed under this Employment Agreement and thereafter during the Restricted
Period and within the United States, shall not organize or form any other
business that will conduct Competing Business and shall not engage in the
executive management of, or provide consulting concerning the executive
management of, Competing Business on behalf of any business other than TurboChef
or its affiliates.&#160; Executive
acknowledges and agrees that the territory identified in this &#167;&nbsp;5(f) are
states in which Executive performs services for TurboChef by being actively
engaged as a member of TurboChef&#146;s executive management team in TurboChef&#146;s
operations in these states.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reasonable
and Continuing Obligations</U>.&#160;
Executive agrees that Executive&#146;s obligations under this &#167;&nbsp;5 are
obligations which will continue beyond the </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">- 10 -</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">date Executive&#146;s employment
terminates and that such obligations are reasonable and necessary to protect TurboChef&#146;s
legitimate business interests.&#160; TurboChef
in addition shall have the right to take such other action as TurboChef deems
necessary or appropriate to compel compliance with the provisions of this
&#167;&nbsp;5.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remedy
for Breach</U>.&#160; Executive agrees that
the remedies at law of TurboChef for any actual or threatened breach by
Executive of the covenants in this &#167;&nbsp;5 would be inadequate and that TurboChef
shall be entitled to specific performance of the covenants in this &#167;&nbsp;5,
including entry of an ex parte, temporary restraining order in state or federal
court, preliminary and permanent injunctive relief against activities in
violation of this &#167;&nbsp;5, or both, or other appropriate judicial remedy, writ
or order, in addition to any damages and legal expenses which TurboChef may be
legally entitled to recover.&#160; Executive
acknowledges and agrees that the covenants in this &#167;&nbsp;5 shall be construed
as agreements independent of any other provision of this or any other agreement
between TurboChef and Executive, and that the existence of any claim or cause
of action by Executive against TurboChef, whether predicated upon this
Employment Agreement or any other agreement, shall not constitute a defense to
the enforcement by TurboChef of such covenants.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>&#167; 6.&nbsp;&nbsp;&nbsp;&nbsp;MISCELLANEOUS</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.&#160; Notices and all other communications shall
be in writing and shall be deemed to have been duly given when personally
delivered or when mailed by United States registered or certified mail.&#160; Notices to TurboChef shall be sent to TurboChef
Technologies, Inc., 10500 Metric Drive, Suite 128, Dallas, Texas 75243,
Attention:&#160; Corporate Secretary.&#160; Notices and communications to Executive
shall be sent to the address Executive most recently provided to TurboChef.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Waiver</U>.&#160; Except for the notice
described in &#167;&nbsp;6(a), no failure by either TurboChef or Executive at any
time to give notice of any breach by the other of, or to require compliance
with, any condition or provision of this Employment Agreement shall be deemed a
waiver of any provisions or conditions of this Employment Agreement.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Delaware
Law and Georgia Courts</U>.&#160; This
Employment Agreement shall be governed by Delaware law without reference to the
choice of law principles thereof.&#160; Any
litigation that may be brought by either TurboChef or Executive involving the
enforcement of this Employment Agreement or any rights, duties, or obligations
under this Employment Agreement, shall be brought exclusively in either the
state courts in and for Fulton County, Georgia or the United States District
Court, Northern District of Georgia, Atlanta Division.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Assignment</U>.&#160; This Employment Agreement shall be binding
upon and inure to the benefit of TurboChef and any successor to all or
substantially all of the business or assets of TurboChef.&#160; TurboChef may assign this Employment
Agreement to any affiliate or successor, and no such assignment shall be
treated as a termination of Executive&#146;s employment under this Employment
Agreement.&#160; Executive&#146;s rights and </FONT></P>
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<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">obligations under this
Employment Agreement are personal and shall not be assigned or transferred.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Agreements</U>.&#160; This Employment
Agreement replaces and merges any and all previous agreements and
understandings regarding all the terms and conditions of Executive&#146;s employment
relationship with TurboChef, and this Employment Agreement constitutes the
entire agreement between TurboChef and Executive with respect to such terms and
conditions.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>.&#160; No amendment to this Employment Agreement
shall be effective unless it is in writing and signed by TurboChef and by
Executive.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Invalidity</U>.&#160; If any part of this Employment Agreement is
held by a court of competent jurisdiction to be invalid or otherwise
unenforceable, the remaining part shall be unaffected and shall continue in
full force and effect, and the invalid or otherwise unenforceable part shall be
deemed not to be part of this Employment Agreement.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, TurboChef and Executive have executed this Employment
Agreement in multiple originals to be effective on the first date of the Term.</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="36%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">TURBOCHEF TECHNOLOGIES, INC.</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">EXECUTIVE</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">By: </FONT></P></TD>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">/s/James K. Price</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">/s/ Richard E. Perlman</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">James K. Price</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Richard E. Perlman</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">President</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Chairman</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Date: 2/9/04</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Date:&#160; 2/9/04</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">- 12 -</FONT></P>

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