Schedule of Material Differences in Change in Control and Severance Agreements between Cracker Barrel Old Country Store, Inc. and Certain Executives

Summary

This document outlines the severance and change in control benefits for three executives of Cracker Barrel Old Country Store, Inc. It specifies the severance pay each executive would receive upon termination, both in regular circumstances and in the event of a change in control. The terms vary by executive, with benefits based on base salary, years of service, and prior bonuses. The agreement also sets a maximum limit on total severance for certain executives.

EX-10.3 3 ex10_3.htm EXHIBIT 10.3 ex10_3.htm

Exhibit 10.3

SCHEDULE IDENTIFYING MATERIAL DIFFERENCES AMONG

CHANGE IN CONTROL AND SEVERANCE AGREEMENTS

BETWEEN CRACKER BARREL OLD COUNTRY STORE, INC. AND

THE INDIVIDUALS LISTED BELOW

	Severance Benefits	Severance Benefits Upon Change of Control

Douglas E. Barber, Executive Vice President and Chief People Officer	18 months base salary	3.00 times average annual salary plus average bonus during 3 years preceding termination

Edward A. Greene, Senior Vice President, Strategic Initiatives	12 months base salary plus one additional week of severance for each year of service in excess of 15 years*	2.00 times average annual salary plus average bonus during 3 years preceding termination

Lawrence E. Hyatt, Senior Vice President and Chief Financial Officer	12 months base salary plus one additional week of severance for each year of service in excess of 15 years*	2.00 times average annual salary plus average bonus during 3 years preceding termination

* Not to exceed 18 months total severance.