January 3, 2011 Mr. Lawrence E. Hyatt Franklin, TN 37067 Re: Employee Retention Agreement Dear Larry:Employee Retention Agreement • December 17th, 2010 • Cracker Barrel Old Country Store, Inc • Retail-eating places • Tennessee
The Board of Directors of Cracker Barrel Old Country Store, Inc. recognizes the contribution that you will make to Cracker Barrel Old Country Store, 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:
