August 12, 2006 Douglas E. Barber Re: Employee Retention Agreement Dear Doug:CBRL Group Inc • August 15th, 2006 • Retail-eating places • Tennessee
The Board of Directors of the CBRL Group, Inc. recognizes the contribution that you have made to CBRL Group, Inc. or one of its direct or indirect subsidiaries (collectively, the "Company") and wishes to ensure your continuing commitment to the Company and its business operations. Accordingly, in exchange for your continuing commitment to the Company, and your energetic focus on continually improving operations, the Company promises you the following benefits if your employment with the Company is terminated in certain circumstances:
AGREEMENTAgreement • August 15th, 2006 • CBRL Group Inc • Retail-eating places • Tennessee
THIS AGREEMENT (the "Agreement") is made as of this 15th day of July, 2006 (the "Effective Date"), by and between David L. Gilbert, a natural person resident in Williamson County, TN and his heirs, assigns, executors, agents and representatives (“Gilbert”) on the one side, and CBRL Group, Inc. (together with its subsidiaries and affiliates, including Cracker Barrel Old Country Store, Inc. hereinafter referred to as “CBRL”) on the other;
