The CEO of Texas Roadhouse restaurants is giving up his salary and bonus for the year in order to pay the chain's front line employees during the COVID-19 pandemic.

According to a MarketWatch report, his base salary and bonus from the pay period starting March 18 through Jan. 7, 2021.

In 2018, Louisville Business First reported Taylor's total compensation was $1.3 million with his base salary being $525,000.

The steak house chain said it is also suspending its dividend as it moves to conserve cash during the coronavirus pandemic.