AMENDED EMPLOYMENT AGREEMENT
Exhibit 10.1
EXHIBIT 10.1 AMENDED EMPLOYMENT AGREEMENT, DATED AS OF JUNE 22, 2010, BETWEEN REGISTRANT AND XXXXXX X. XXXXXX
AMENDED EMPLOYMENT AGREEMENT
THIS AMENDED AGREEMENT is dated as of June 22, 2010, by and between BOWL AMERICA INCORPORATED, hereinafter called “Corporation”, and Xxxxxx X. Xxxxxx, hereinafter called “Xxxxxx.”
WITNESSETH:
WHEREAS Corporation’s prior Employment Agreement with Xxxxxx will expire on June 27, 2010;
WHEREAS the parties desire to enter into a new Employment Contract to go into effect on June 28, 2010; and
NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter contained, the parties hereby agree as follows:
1. Corporation hereby employs Xxxxxx, and Xxxxxx hereby agrees to work for Corporation for a term of one year commencing June 28, 2010, and expiring at the end of Corporation’s next fiscal year on July 3, 2011.
2. Xxxxxx shall serve as Controller, Chief Financial Officer, Senior Vice President and Assistant Treasurer of the Corporation, performing the functions and duties normally performed by a Controller, Chief Financial Officer, Senior Vice President and Assistant Treasurer.
3. Xxxxxx shall devote her full time and attention to the affairs of the Corporation.
4. The Corporation and Xxxxxx shall be entitled by way of remuneration for her services the sum of $156,424 for the fiscal year of the Corporation commencing on June 28, 2010 and ending on July 3, 2011, to be paid in bi-weekly installments.
5. This Agreement is purely personal with Xxxxxx X. Xxxxxx and in the event of her death or total disability during the contract period, this Agreement shall terminate and the obligations of the Corporation to make any payments shall cease.
BOWL AMERICA INCORPORATED | ATTEST: |
By: Xxxxxx X. Xxxxxxxx
|
Xxxxxxx X. Xxxx
|
President | Assistant Secretary |
Xxxxxx X. Xxxxxx