Papa John's founder John Schnatter was the CEO, board chair, and largest shareholder as of 2017. In early 2018, he stepped down as CEO after controversy over his criticism of how the NFL handled national anthem protests. Later in 2018, he stepped down as chair of the board after using a racial slur during a conference call. He would later resign his board seat altogether. He is no longer employed by Papa John's and the board severed all contractual arrangements with Schnatter. While he once owned over one-third of Papa John's outstanding shares, but starting in 2019 he began unloading large blocks of shares and as of 2021 owns less than 4% of outstanding Papa John's shares.

What are Schnatter's rights and duties in relation to Papa John's at this time?