BINDING MEMORANDUM OF UNDERSTANDINGWestern Sizzlin Corp • April 6th, 2006 • Retail-eating places
WHEREAS, James C. Verney (hereinafter “Verney” or “Executive”) and Western Sizzlin Corporation, successor in interest to Austins Steaks and Saloon, Inc. (hereinafter “WSC” or “Company”) are parties (WSC and Verney hereinafter collectively referred to as the “Parties”) to an employment agreement effective the 1st day of July, 2003 (hereinafter the “Employment Agreement”); and
