The departed CEO of restaurant chain Bojangles Inc. will be paid $900,000 in salary during the next 18 months, according to a Securities and Exchange Commission filing on Friday.

Clifton Rutledge also has a noncompete agreement that prevents him from working at another restaurant company during the next year.

According to the filing, 147,698 stock options and 12,812 restricted stock awards given to Rutledge were vested as part of his departure. That stock is currently worth $2.39 million.

Rutledge resigned on March 5. In a statement, Rutledge commented that his step down was due to “personal reasons.”

Rutledge came to Bojangles’ in early 2014 and pushed the company through its initial public offering in May 2015. But in the past year, the company’s financial results have disappointed investors.

While the Company’s sales were up 1.7 percent for the initial nine months of 2017, the chain’s earnings were down nearly 1.7 percent.

The Company’s stock price is down more than 27 percent from its IPO price of $19, falling more than 36 percent during 2017.

He received a 4 percent increase in compensation in 2017, according to the Securities and Exchange Commission filing.

Rutledge made $1.53 million in 2017, up from 2016’s $1.47 million.

Specifically, Rutledge’s annual salary increased to $601,677 in 2017 from $525,756 in 2016. His stock awards rose to $577,125 in 2017 from $315,875 in 2016.

Bojangles’ was founded in 1977. Its stock fell 35 cents to $14.90 on Friday.