Document:

exhibit10g.htm

    

      EXHIBIT 10(g)

      

      

      

      

      CBRL
Group, Inc.

      

      2005
DEFERRED COMPENSATION PLAN

      

      (Effective
January 1, 2005)

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
        	
                 
      

              	
                TABLE OF
      CONTENTS

              

      

      

      

       

      
        	ARTICLE
      I  	DEFINITIONS AND
      CONSTRUCTION
	 	 
	ARTICLE
      II   	ADMINISTRATION
	 	 
	ARTICLE
      III  	PARTICIPATION
	 	 
	ARTICLE
      IV    	BENEFITS
	 	 
	ARTICLE
      V   	VESTING
	 	 
	ARTICLE VI	TRUST
	 	 
	ARTICLE
VII	PAYMENT OF
      BENEFITS
	 	 
	ARTICLE
      VIII 	IN-SERVICE
      DISTRIBUTIONS
	 	 
	ARTICLE IX	NATURE OF THE
      PLAN
	 	 
	ARTICLE
      X 	EMPLOYMENT
      RELATIONSHIP
	 	 
	ARTICLE
      XI 	AMENDMENT AND
      TERMINATION
	 	 
	ARTICLE
      XII 	CLAIMS
      PROCEDURE
	 	 
	ARTICLE
      XIII 	MISCELLANEOUS

      

       

                                               

      

                                      

                                                 

      

                                     

      

                                                 

      

                                                

      

                                                

      

                                                

      

                                    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      CBRL,
INC.

       

      2005
DEFERRED COMPENSATION PLAN

       

      WITNESSETH:

       

      WHEREAS,
effective as of January 1, 1994, Cracker Barrel Old Country Store, Inc. (the
“Company”) adopted the Cracker Barrel Old Country Store, Inc. Deferred
Compensation Plan (the “Prior Plan”) to provide retirement and incidental
benefits for certain executive employees of the Company; and

       

      WHEREAS,
effective as of January 1, 2003, CBRL Group, Inc. assumed sponsorship of the
Prior Plan, and amended and restated the Plan in its entirety;

       

      NOW, THEREFORE, in order to
comply with the requirements of the Code, as amended by the American Jobs
Creation Act of 2004, and effective as of  the Effective Date, CBRL,
Inc. hereby adopts the CBRL, Inc. 2005 Deferred Compensation Plan, as set forth
herein or as hereafter amended, for the purpose of assuring compliance with the
Code with respect to deferrals of compensation on or after January 1,
2005.

       

      ARTICLE
I

      

      Definitions and
Construction

      

      1.1       
   Definitions. This
Plan shall be deemed to have amended and restated the Prior Plan and, commencing
on the Effective Date, shall govern all amounts credited to a Participant's
Account other than Prior Plan Deferrals.  The terms of the Prior Plan
shall remain in effect with respect to the portion of a Participant's Account
consisting of Prior Plan Deferrals.  Where the following words and
phrases appear in the Plan, they shall have the respective meanings set forth
below, un1ess their context clearly indicates to the contrary.

      
      

       

      
        	 	(a)  	
                 Account: A
      memorandum bookkeeping account established on the records of the Company
      for a Member which is credited with amounts determined
  

              

      

      
        	 	
                pursuant
      to Sections 4.1 and 4.2 of the Plan.  As of any determination
      date, a Member’s benefit under the Plan shall be equal to the amount
      credited to his Account 

                as of
      such date.

              

      

      
        	 	 	 
	 	(b) 	Board: The Board of
      Directors of the Company.
	 	 	 
	 	(c)	Committee: The
      administrative committee appointed by the Board to administer the
      Plan.
	 	 	 

      

      
        	 	(d)	Company: CBRL Group,
      Inc.
	 	 	 
	 	(e) 	Compensation: The
      total of all amounts paid by the Company to or for the benefit of a Member
      for services rendered or labor performed while a Member
  

      

      
        	 	
                (as
      reported for federal income tax purposes on such Member’s Form
      W-2 or its equivalent), including the Member’s deferral contributions to
      this Plan and to the

              
	 	Qualified Plan and
      any bonus awarded to such Member by the
  Company.

      

      
        
          	 	 	 

        

        
          
          

          
            	
                     

                  	 

          

          
            
              
              

            

            
              
              

              
                

              

            

             

            
              	 	(f)  	Disability:  A
      Member shall be considered to be suffering from a Disability if the
      Member: (i) is unable to engage in any substantial gainful
      activity by

            

            
              	 	
                      reason of
      any medically determinable physical or mental impairment which can be
      expected to result in death or can be expected to last for a
      continuous 

                      period of not less than twelve months, or (ii) is, by
      reason of any medically determinable physical or mental impairment which
      can be expected to result in 

                      death or can be expected to last for a continuous period of not
      less than twelve months, receiving income replacement benefits for a
      period of not less than three 

                      months under an accident and health plan covering
      employees of the Member's employer.

                    

            

            
              
              

            

          

          
            
              	
                       

                    	(g)  	Distribution
      Date:  The date on which a Member's Account becomes payable, as
      determined under Article VII.
	 	 	 
	 	(h)  	Effective Date:
      January 1, 2005.
	 	 	 
	 	(i) 	Election:  An
      election by a Member, consistent with the terms of this Plan and in a form
      and manner satisfactory to the Committee, to make elective
  

            

            
              	 	
                      deferral
      contributions to the Plan for a Plan Year, and to specify a time and form
      of payment for amounts attributable to the allocations to the Member's
      Account 

                      for such Plan
Year.

                    

            

          

        

      

         

      
        	 	(j)  	
                Interest
      Credit: The interest applied to a Member’s Account as of the end of each
      calendar quarter. Such interest shall be at one and one-half
    

              

      

      
        	 	
                percent
      (1.5%) over the ten (10) year Treasury Bill rate in effect as of the
      beginning of such calendar quarter.

              
	 	 

      

      
        	 	(k)  	Member: Any
      management or highly compensated employee or outside director of the
      Company who has been designated by the Committee

      

      
        	 	as a Member of the
      Plan until such employee ceases to be a Member in accordance with Section
      3.1 of the Plan.

      

       

        
          	 	(l)  	Plan: The CBRL
      Group, Inc. 2005 Deferred Compensation Plan, as set forth herein and as
      amended from time to time.
	 	 	 
	 	(m) 	Plan Year: The
      twelve-consecutive month period commencing on the Effective Date, and each
      twelve-consecutive month period commencing January 1

        

        
          	 	of each year
      thereafter.
	 	 

        

      

      
        	 	(n) 	Prior
      Plan:  The CBRL Group, Inc. Deferred Compensation Plan, as in
      effect immediately prior to the Effective Date of this
  Plan.

      

      
        	 	 	 
	 	(o) 	
                Prior
      Plan Deferrals: The amount which, immediately prior to the Effective Date,
      was credited to the Member's Account and which on such date was
      

              

      

      
        	 	not subject to
      forfeiture, and any Investment Credit allocated to such amount since the
      Effective Date.

      

      
        	 	 	 
	 	(p)   	Qualified Plan: The
      Cracker Barrel Old Country Store, Inc. and Affiliates Employee Savings
      Plan , as amended from time to time.

      

      
        	 	 	 

      

      
        	 	(q) 	Specified
      Employee:   A key employee (as defined in Section 416(i) of
      the Code, but without regard to paragraph (5) thereof) of the
      Company.

      

      
        	 	
                Provided,
      however, that no Member shall be considered to be a Specified Employee as
      of any date unless on such 

              

      

       

               

      
        
          
          

        

        
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        	 	date the stock of
      the Company is publicly traded on an
      established securities market or
  otherwise.

      

       

      
        	 	(r)  	Trust Agreement: Any
      agreement which may be entered into between the Company and the Trustee
      establishing a trust to hold and invest
contributions

      

      
        	 	
                made by
      the Company under the Plan and from which all or a portion of the amounts
      payable under the Plan to Members and their beneficiaries will be distributed.

              
	 	 

      

      
        	 	(s) 	Trust Assets: All
      assets held by the Trustee under the Trust Agreement.
	 	 	 
	 	(t)  	Trustee: The trustee
      or trustees qualified and acting under the Trust Agreement at any
      time.
	 	 	 

      

      
        
          	 	(u) 	Unforeseeable
      Emergency:  A severe financial hardship to the Member resulting
      from an illness or accident of the Member, the Member's spouse,
  

        

        
          	 	
                  or a
      dependent (as defined in section 152(a) of the Code) of the Member, loss
      of the Member's property due to casualty, or other similar extraordinary
      and 

                  unforeseeable circumstances arising as a result of
      events beyond the control of the Member.   An unforeseeable
      emergency will not include the need to 

                  send a Member’s child to college or the desire to
      purchase a home.

                
	 	 

        

      

      1.2           Number
and  Gender.  Wherever appropriate herein, words used
in the singular shall be considered to include the plural and the plural to
include the singular. The masculine gender, where appearing in this Plan, shall
be deemed to include the feminine gender.

       

      1.3           Headings.  The
headings of Articles and Sections herein are included solely for convenience and
if there is any conflict between such headings and the text of the Plan, the
text shall control.

       

      ARTICLE
II

      

      Administration

       

      The Plan
shall be administered by the Committee, which shall be authorized, subject to
the provisions of the Plan, to establish rules and regulations and make such
interpretations and determinations as it may deem necessary or advisable for the
proper administration of the Plan, including, without limitation, the
discretionary power (1) to construe the Plan and the Trust, (ii) to determine
the eligibility of any employee of the Company or its subsidiaries for
participation in the Plan, and (iii) to determine the eligibility for and amount
of benefits payable to a Member or the Member’s designated beneficiary
hereunder. All such rules, regulations, interpretations and determinations shall
be binding on all Plan Members and their beneficiaries. The Committee shall be
composed of not less than three (3) individuals who shall be appointed by the
Board. Each member of the Committee shall serve until the member resigns or is
removed by the Board. Upon the resignation or removal of a member of the
Committee, the Board shall appoint a substitute member. No member of the
Committee shall have any right to vote or decide upon any matter relating solely
to himself or herself under the Plan or to vote in any case which his individual
right to claim any benefit under the Plan is particularly involved. In any case
in which a Committee member is so disqualified to act, and the remaining members
cannot agree, the 

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      .

      
         

        
          	
                  Board
      shall appoint a temporary substitute member to exercise all the powers of
      the disqualified member concerning the matter in which he or she is
      disqualified.  All expenses
      incurred in connection with the administration of the Plan shall be borne
      by the Company.

                

        

         

      

      ARTICLE
III

      

      Participation

       

      
        	 	3.1	Eligibility. Any management or
      highly compensated employee or outside director of the Company shall
      become a Member upon designation by the
Committee.

      

      Once an
employee or outside director has been designated as a Member, he or she shall
automatically continue to be a Member until he or she has received payment in
full of all benefits accrued for him or her under this Plan or until he or she
is removed as a Member by the Committee.

       

      
        	 	3.2 	Election. Any Member may file an
      Election to defer receipt of an integral percentage or sum certain (in an
      even $1,000 amount) of his or her Compensation

      

      for any
Plan Year under the Plan. A Member’s Election to defer receipt of Compensation
for any Plan Year shall be made prior to the beginning of such Plan Year, shall
be

      irrevocable
for such Plan Year, and shall specify the time and form of payment of the
portion of the Member's Account attributable to amounts allocated to the
Member's

      Account
for the Plan Year. The reduction in a Member’s Compensation pursuant to such
Election shall be effected by substantially equal Compensation reductions as

      of each
payroll period within the Plan Year.

       

      
        	 	3.3 	Initial  Election.
      Notwithstanding the provisions of Section 3.2 above, Members may make
      their first Election during such thirty (30) day period following
      the

      

      date on
which they become Members, provided, however, that such Election shall be
attributable only to Compensation for services to be performed subsequent to the
Election.

       

      ARTICLE
IV

      

      Benefits

       

      
        	 	4.1 	Amount of Benefit.  As of
      the last day of each payroll period of each Plan Year, a Member’s Account
      shall be credited with an amount equal to the Compensation
  

deferred
under the Plan pursuant to an election by the Member as described in Article III
for such payroll period.  Additionally, the Board, in its sole and
absolute discretion, may, as of the last day of each Plan Year, credit a
Member’s Account with an additional amount set by the Board. The crediting of
additional amounts to Members’ accounts need not be uniformly applied to
Members.  As of any determination date, the benefit to which a Member
or his beneficiary shall be entitled under the Plan shall be equal to the amount
credited to such Member’s Account as of such date.

       

      
        	 	4.2 	Interest
      Crediting. As of the last day of each calendar quarter, the Account
      of each Member shall be credited with
      the Interest Credit for such calendar
quarter.

      

       

      
        
          
          

        

        
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      ARTICLE
V

      

      Vesting

      

      All
amounts credited to a Member’s Account shall be fully vested and not subject to
forfeiture for any reason; provided, however, such amounts shall remain subject
to the claims of the general creditors of the Company, present and future, and
no payments shall be made under this Plan to any Member or a Member’s designated
beneficiary during any period in which the Committee, in its sole and absolute
discretion, determines that the Company is insolvent and notifies the Trustee in
writing of such determination.

       

      ARTICLE VI

      

      Trust

      

      In the
event the Company establishes a Trust in connection with this Plan, the Company
may, from time to time and in its sole discretion, pay and deliver money or
other property to the Trustee for the payment of benefits under the Plan.
Distributions due under the Plan to or on behalf of Members shall be made by the
Trustee in accordance with the terms of the Trust Agreement and the Plan;
provided, however, that the Company shall remain obligated to pay all amounts
due to such persons under the Plan, to the extent that such amounts are not paid
from the Trust. Nothing in the Plan or the Trust Agreement shall relieve the
Company of its obligation to make the distributions required in Article VII
hereof except to the extent that such obligation is satisfied by the application
of funds held by the Trustee under the Trust Agreement. No Member or beneficiary
of a deceased Member shall have any security or other interest in Trust Assets.
Any and all Trust Assets shall remain subject to the claims of the general
creditors of the Company, present and future, and no payment shall be made under
the Plan during any period in which the Committee, in its sole and absolute
discretion, determines that the Company is insolvent and notifies the Trustee in
writing of such determination. The Trust Agreement shall prohibit the location
of trust assets outside the United States or the transfer of trust assets
outside the United States.  Should an inconsistency or conflict exist
between the specific terms of the Plan and those of the Trust Agreement, then
the relevant terms of the Plan shall govern and control.

       

      ARTICLE
VII

      

      Payment of
Benefits

      

      7.1           Termination  of  Employment.  Upon
a Member’s termination of employment or service with the Company for any reason
other than death (including retirement or Disability), the amount credited to
each Member’s Account as of the date of such Member’s termination of employment
or service shall be distributed to such Member pursuant to Sections 7.3 and 7.4
below.

       

      7.2           Death.  Upon
a Member’s death, the amount credited to such Member’s Account as of the date of
such Member’s death shall be distributed to such Member’s designated beneficiary
pursuant to Sections 7.3 and 7.4 below. The Member, by written instrument filed

       

      
        
          
          

        

        
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        with the
Committee in such manner and form as the Committee may prescribe, may designate
one or more beneficiaries to receive such payment. The beneficiary designation
may be changed from time to time prior to the death of the Member. In the event
that the Committee has no valid beneficiary designation on file, the amount
credited to each Member’s Account shall be distributed to the Member’s surviving
spouse, if any, or if the Member has no surviving spouse, to the executor or
administrator of the Member’s estate.

      

       

      7.3           Time of
Payment.  Subject to the requirements of this section, Payment
of a Member’s benefit hereunder shall begin as soon as administratively feasible
following the Distribution Date.

       

      (a)           The
"Distribution Date" of a Member's Account shall be the date specified as the
Distribution Date in the Member's Election.  Provided, however, that
the Distribution Date shall not occur before the earliest of:

      
      

       

      
        	 	(1) 	the Member's
      separation from service;
	 	 	 
	 	(2)  	the Member's
      Disability; or
	 	 	 
	 	(3)  	the Member’s
      death.

      

       

      (b)           Subject
to the requirements of Article VIII, distribution of a Member's Account may
occur at a specified time (or pursuant to a fixed schedule) specified in the
Member’s Election, or otherwise specified under the Plan at the date of
deferral.

       

      (c)           Subject
to the requirements of Article VIII, all or a portion of a Member's Account may
be distributed upon the occurrence of an Unforeseeable Emergency.

       

      (d)           In
the case of any Specified Employee, any distribution as the result of the
Member's separation from service may not occur before the date which is six
months after the date of the Member’s separation from service (or, if earlier,
the date of death of the Member).

       

      (e)           A
Member may elect to postpone the commencement of benefits hereunder to a date
which is specified by the Member in an Election; provided, however,
that:

       

      
        	 	
                (1)

              	
                such
      an election may not take effect until at least 12 months
      after  the date on which it is made,

              
	 	 	 
	 	(2)	
                except
      in the case of a payment of benefits as the result of the Member's death
      or Disability, or a distribution as the result of an Unforseeable
      Emergency, as described in Article VIII, the first payment with respect to
      which the election is made must be deferred for a period of at least 5
      years from the date on which the payment would otherwise have been made,
      and

              
	 	 	 
	 	
                (3)

              	
                any
      election related to a payment at a specified time or pursuant to a fixed
      schedule may not be made less than 12 months prior to the first scheduled
      payment.

              

      

       

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      7.4           Form of
Payment.  Subject to the prior approval of the Committee, a
Member, or the Member’s designated beneficiary in the case of the death of the
Member, may elect to receive benefits hereunder in either of the following forms
or any combination thereof:

       

      (a)           single
sum payment; or

       

      (b)           monthly,
quarterly, or annual installment payments over a specified term not to exceed
the greater of ten (10) years or the Member’s life expectancy as of the
Distribution Date.

       

      The form
of payment shall be specified by the Member in an Election.  A Member
may specify different forms and times of payment for amounts attributable to
allocations to the member's Account with respect to each Plan
Year.  Provided, however, that any election by a Member to receive
payment in installments shall not be effective unless balance in the Member's
Account (or the portion of the Account to which the installment election
applies) exceeds $5,000.  The Committee shall maintain records
sufficient to determine the portion of the Member's Account to which each such
Election applies.

       

      ARTICLE
VIII

      

      Distributions Upon
Unforeseeable Emergency

      

       Upon
written application by a Member who has experienced an Unforeseeable Emergency,
as determined by the Committee, the Committee may distribute to such Member an
amount not to exceed the least of (i) the amount credited to such Member’s
Account, (ii) the amount requested by the Member, or (iii) the amount determined
by the Committee as being reasonably necessary to satisfy the need created by
the Unforseeable Emergency, plus amounts necessary to pay taxes reasonably
anticipated as a result of the distribution, after taking into account the
extent to which such need is or may be relieved through reimbursement or
compensation by insurance or otherwise or by liquidation of the Member's assets
(to the extent the liquidation of such assets would not itself cause severe
financial hardship).

       

      ARTICLE
IX

      

      Nature of the
Plan

      

      The Plan
shall constitute an unfunded, unsecured obligation of the Company for tax
purposes and for purposes of Title I of the Employee Retirement Income Security
Act of 1974, as amended. The Plan is not intended to meet the qualification
requirements of Section 401 of the Internal Revenue Code of 1986, as amended.
The Company in its sole discretion may set aside such amounts for the payment of
Accounts as the Company from time to time may determine. No Member shall have
any security or other interest in any such amounts set aside or any other assets
of the Company. Neither the establishment of the Plan, the operation thereof,
nor the setting aside of any amounts shall be deemed to create a funding
arrangement. Members shall 

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

         

        have the
status of general unsecured creditors of the Company, and this Plan constitutes
a mere promise by the Company to make benefit payments in the
future.

      

       

      ARTICLE
X

      

      Employment
Re1ationship

      

      Nothing
in the adoption or implementation of the Plan shall confer on any employee the
right to continued employment by the Company or affect in any way the right of
the Company to terminate his employment at any time. Any question as to whether
and when there has been a termination of a Member’s employment, and the cause of
such termination, shall be determined by the Committee in its discretion, and
its determination shall be final.

       

      ARTICLE
XI

      

      Amendment and
Termination

      

      The Board
may amend or terminate the Plan, by resolution duly adopted, without the consent
of the Members; provided, however, that no such amendment or termination shall
adversely affect any benefits which have been earned prior to any such amendment
or termination. Further, upon termination of the Plan, the Committee, in its
sole discretion, may elect to distribute the amount credited to each Member’s
Account in a lump sum cash payment as soon as administratively feasible
following the date of termination of the Plan.

       

      ARTICLE
XII

      

      Claims and Appeals
Procedures

      

      12.1         Claims.  Any
claim for benefits shall be made in writing to the Committee. The Committee will
handle claims in accordance with the following provisions:

       

      (a)           General
Rule.  If a claim is wholly or partially denied, the Committee
shall notify the Member or beneficiary claimant, in accordance with paragraph
(c) of this Section, of the Plan's adverse benefit determination within a
reasonable period of time, but not later than 90 days after receipt of the claim
by the Plan, unless the Committee determines that special circumstances require
an extension of time for processing the claim.  If the Committee
determines that an extension of time for processing is required, written notice
of the extension shall be furnished to the Member or beneficiary claimant prior
to the termination of the initial 90-day period.  In no event shall
such extension exceed a period of 90 days from the end of such initial
period.  The extension notice shall indicate the special circumstances
requiring an extension of time and the date by which the Plan expects to render
the benefit determination.

       

      (b)           Calculating Time
Periods.  For purposes of this Section 12.1, the period of time
within which a benefit determination is required to be made shall begin at the
time a claim is filed in accordance with the Plan's claim procedures, without
regard to whether all the information necessary to make a benefit determination
accompanies the filing.

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      (c)           Manner and Content of
Notification of Benefit Determination.  The Committee shall
provide a Member or beneficiary claimant with written notification of any
adverse benefit determination.  The notification shall set forth, in a
manner calculated to be understood by the Member or beneficiary
claimant--

      
      

       

      
        	 	(1) 	The specific reason
      or reasons for the adverse determination;
	 	 	 
	 	
                (2)

              	
                Reference
      to the specific Plan provisions on which the determination is
      based;

              
	 	 	 
	 	
                (3)

              	
                A
      description of any additional material or information necessary for the
      Member or beneficiary claimant to perfect the claim and an explanation of
      why such material or information is necessary;

              
	 	 	 
	 	(4)	
                A
      description of the Plan's review procedures as described in Section 12.2
      and the time limits applicable to such procedures, including a statement
      of the Member or beneficiary claimant's right to bring a civil action
      under Section 502(a) of ERISA following an adverse benefit determination
      on review.

              

      

       

      12.2         Appeal of Adverse Benefit
Determinations.  Within 60 days after the receipt from the
Committee of any written denial of a claim for benefits, a Member or beneficiary
whose claim is denied may request, by written application to the Committee, a
review by the Committee of the decision denying the payment of
benefits.

       

      (a)           Submission of Additional
Information.  In connection with an appeal of an adverse
benefit determination under this Section 12.2, a Member or beneficiary shall be
entitled to submit written comments, documents, records, and other information
relating to the claim for benefits.  Review of an appeal under this
Section 12.2 shall take into account all comments, documents, records, and other
information submitted by the Member or beneficiary relating to the claim,
without regard to whether such information was submitted or considered in the
initial benefit determination.

       

      (b)           Review of Relevant
Information.  The Member or beneficiary shall also be provided,
upon request and free of charge, reasonable access to, and copies of, all
documents, records, and other information relevant to the Member or
beneficiary's claim for benefits.  For purposes of this Section, the
determination of whether a document, record, or other information shall be
considered "relevant" shall be made in accordance with the definition in Section
12.4(c).

       

      12.3         Notification of Benefit
Determination on Review.

       

      (a)           Manner and Content of
Notification of Benefit Determination on Review.  The Committee
shall provide a Member or beneficiary claimant with written notification of the
Plan's benefit determination on review.  In the case of an adverse
benefit 

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          
determination,
the notification shall set forth, in a manner calculated to be understood by the
Member or beneficiary claimant:

      

       

      
        	 	(1)	The
      specific reason or reasons for the adverse determination;
	 	 	 
	
                 
      

              	
                (2)

              	
                Reference
      to the specific plan provisions on which the determination is
      based;

              
	 	 	 
	 	(3)	
                A
      statement that the claimant is entitled to receive, upon request and free
      of charge, reasonable access to, and copies of, all documents, records,
      and other information relevant to the claimant's claim for
      benefits.  For purposes of this Section, determination of
      whether documents, records, and other information shall be considered
      "relevant" shall be made in accordance with the definition provided in
      Section 12.4(c);

              
	 	 	 
	 	
                (4)

              	
                A
      statement of the Member or beneficiary claimant's right to bring a civil
      action under Section 502(a) of
ERISA.

              

      

      

      
      

      
      

      (b)           Timing
of Notification of Benefit Determination on Review.

       

      
        	
                 
      

              	
                (1)

              	
                General
      Rule.  Except as provided in paragraph (2) of this
      Section, the Committee shall notify a Member or beneficiary claimant in
      accordance with paragraph (a) of this Section of the Plan's benefit
      determination on review within a reasonable period of time, but not later
      than 60 days after receipt of the claimant's request for review by the
      Plan, unless the Committee determines that special circumstances require
      an extension of time for processing the claim.  If the Committee
      determines that an extension of time for processing is required, written
      notice of the extension shall be furnished to the claimant prior to the
      termination of the initial 60-day period.  In no event shall
      such extension exceed a period of 60 days from the end of the initial
      period.  The extension notice shall indicate the special
      circumstances requiring an extension of time and the date by which the
      Plan expects to render the determination on
  review.

              

      

      

      
        	
                 
      

              	
                (2)

              	
                Special
      Rule.  In the event that the Committee holds regularly
      scheduled meetings at least quarterly, paragraph (1) of this Section shall
      not apply, and the Committee shall instead make a benefit determination no
      later than the date of the meeting of the Committee that immediately
      follows the Plan's receipt of a request for review, unless the request for
      review is filed within 30 days preceding the date of such
      meeting.  In such case, a benefit determination may be made by
      no later than the date of the second meeting following the Plan's receipt
      of the request for review.  If special circumstances require
      further extension of time for processing, a benefit determination shall be
      rendered not later than the third meeting of the Committee following the
      Plan's receipt of the request for review.  If such an extension
      of time for review is required because of special circumstances, the
      Committee shall provide the claimant with written
  

              

      

      

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      
        	 	 	
                notice
      of the extension, describing the special circumstances and the date as of
      which the benefit determination will be made, prior to the commencement of
      the extension.  The Committee shall notify the claimant, in
      accordance with paragraph (a) of this Section, of the benefit
      determination as soon as possible, but no later than 5 days after the
      benefit determination is made.

                

              
	
                 
      

              	
                (3)

              	
                Calculating Time
      Periods.  For purposes of this Section 12.3, the period
      of time within which a benefit determination on review is required to be
      made shall begin at the time an appeal is filed in accordance with the
      reasonable procedures of a Plan, without regard to whether all the
      information necessary to make a benefit determination on review
      accompanies the filing.  In the event that a period of time is
      extended as permitted pursuant to paragraph (1) or (2) of this Section due
      to a claimant's failure to submit information necessary to decide a claim,
      the period for making the benefit determination on review shall be tolled
      from the date on which the notification of the extension is sent to the
      claimant until the date on which the claimant responds to the request for
      additional information.

              

      

      

      12.4         Definitions.   For
purposes of this Article XII, the following terms shall have the meanings
indicated:

       

      (a)           Adverse benefit
determination.  "Adverse benefit determination" means any of
the following: a denial, reduction, or termination of, or a failure to provide
or make payment (in whole or in part) for, a benefit, including any such denial,
reduction, termination, or failure to provide or make payment that is based on a
determination of a Member's or beneficiary's eligibility to participate in the
Plan.

       

      (b)           Notice or
notification.  "Notice" or "Notification" means the delivery or
furnishing of information to an individual in a manner that satisfies the
standards of 29 CFR 2520.104b-1(b) as appropriate with respect to material
required to be furnished or made available to an individual.

       

      (c)           Relevant.  A
document, record or other information shall be considered "relevant" to the
Member or beneficiary's claim if such document, record or other
information:

       

      
        	 	(1)  	was
      relied upon in making the benefit determination;
	 	 	 
	
                 
      

              	
                (2)

              	
                was
      submitted, considered, or generated in the course of making the benefit
      determination, without regard to whether such document, record, or other
      information was relied upon in making the benefit determination; and
      demonstrates compliance with the administrative processes and safeguards
      designed to ensure and to verify that benefit claim determinations are
      made in accordance with the Plan and that, where appropriate, the Plan
      provisions have been applied consistently with respect to similarly
      situated Members or beneficiaries.

              

      

      

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      ARTICLE
XIII

      

      Miscellaneous

      

      13.1           Indemnification. The
Company shall indemnify and hold harmless each member of the Committee and any
other person acting on its behalf, against any and all expenses and liabilities
arising out of his or her administrative functions or fiduciary
responsibilities, excepting only expenses and liabilities arising out of the
individual’s own willful misconduct or lack of good faith. Expenses against
which such person shall be indemnified hereunder include, without limitation,
the amounts of any settlement or judgment, costs, counsel, fees and related
charges reasonably incurred in connection with a claim asserted or a proceeding
brought or settlement thereof.

       

      13.2           Effective  Date.  The
Plan shall become operative and effective as of the Effective Date and shall
continue until amended or terminated as provided in Article XI.

       

      13.3           Withholding Taxes.
The Company shall have the right to deduct from any payments made under this
Plan, any federal, state or local taxes required by law to be
withheld with respect to such payments.

       

      13.4           Nonalienation of
Benefits.  Benefits payable under this Plan shall not be
subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance, charge, attachment, garnishment, execution or levy of any
kind, either voluntary or involuntary, including any such liability which is for
alimony or other payments for the support of a spouse or former spouse, or for
any other relative of the Member, prior to actually being received; and any
attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber,
charge or otherwise dispose of any right to benefits subject to the debts,
contracts, liabilities, engagements or torts of any person entitled to benefits
hereunder shall be void and without any force and effect.

       

      13.5           Severability.  If
any provision of the Plan shall be held illegal or invalid for any reason, said
illegality or invalidity shall not affect the remaining provisions hereof;
rather, each provision shall be fully severable and the Plan shall be construed
and enforced as if said illegal or invalid provision had never been included
herein.

       

      13.6           Jurisdiction and Applicable
Law. The situs of the Plan hereby created is Tennessee. All provisions of
the Plan shall be construed in accordance with the laws of Tennessee except to
the extent preempted by federal law.  This Plan is intended to comply
with the requirements of Section 409A of the Internal Revenue Code of 1986, and
shall be interpreted in accordance with such intent.

       

      
        
           

        

        
          12 

          
            

          

        

        
           

        

      

      IN
WITNESS WHEREOF, the undersigned has caused this amended and restated Plan to be
executed this  27th  day of  September,  2005, effective as
of January 1, 2005.

      
 

      
        	 	CBRL
      Group, Inc.

      

      
 

       

      
        	 	By:	/s/Michael J.
      Zylstra	 
	 	 	 	 
	 	Title:exhbit10o.htm

    EXHIBIT
10 (o)

      [CBRL GROUP,
INC. LOGO]
  

      Post Office Box 787

      Lebanon, Tennessee  37088

      Phone  615-444-5533

      Fax  615-443-9818

      cbrlgroup.com

      

      April 23,
2008

      

      

      Douglas
E. Barber

      604 Five
Oaks Blvd.

      Lebanon,
TN  37087

      

      Re:  Employee Retention
Agreement

      

      Dear
Doug:

      

      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:

      

      1.           DEFINITIONS.  As
used in this Agreement, the following terms have the following meanings which
are equally applicable to both the singular and plural forms of the terms
defined:

      

      1.1           "Cause"
means any one of the following:

       

      
        	 	 (a) 	personal
      dishonesty;
	 	 (b) 	willful
      misconduct;
	 	 (c)  	breach of fiduciary
      duty; or
	 	 (d) 	conviction of any
      felony or crime involving moral
turpitude.

      

       

      1.2           "Change
in Control" means: (a) that after the date of this Agreement, a person
becomes the beneficial owner, directly or indirectly, of securities of the
Company representing 20% or more of the combined voting power of the Company's then
outstanding voting securities, unless that acquisition was approved by a vote of
at least 2/3 of the directors in office immediately prior to the acquisition;
(b) that during any period of 2 consecutive years following the date of this
Agreement, individuals who at the beginning of the period constitute members of
the Board of Directors of the Company cease for any reason to constitute a
majority of the Board unless the election, or the nomination for election by the
Company's shareholders, of each new director was approved by a vote of at least
2/3 of the directors then still in office who were directors at the

       

       

       

       

      Cracker Barrel Old Country StoreTM

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      beginning
of the 2-year period; (c) a merger, consolidation or reorganization of the
Company (but this provision does not apply to a recapitalization or similar
financial restructuring which does not involve a material change in ownership of
equity of the Company and which does not result in a change in membership of the
Board of Directors); or (d) a sale of all or substantially all of the Company’s
assets.

       

      1.3           "Change in
Control Period"
means a 2-year year period beginning the day after a Change in Control
occurs.

      

      1.4           "Change in
Duties or Compensation" means any one of: (a) a
material change in your duties and responsibilities for the Company (without
your consent) from those duties and responsibilities for the Company in effect
at the time a Change in Control occurs, which change results in the assignment
of duties and responsibilities inferior to your duties and responsibilities at
the time such Change in Control occurs (it being understood and acknowledged by
you that a Change in Control that results in two persons of which you are one
having similar or sharing duties and responsibilities shall not be a material
change in your duties and responsibilities); (b) a reduction in your salary or a
material change in benefits (excluding discretionary bonuses), from the salary
and benefits in effect at the time a Change in Control occurs; or (c) a change
in the location of your work assignment from your location at the time a Change
in Control occurs to any other city or geographical location that is located
further than 50 miles from that location.

      

      2.           TERMINATION
OF EMPLOYMENT; SEVERANCE.  Your immediate
supervisor or the Company's Board of Directors may terminate your employment,
with or without cause, at any time by giving you written notice of your
termination, such termination of employment to be effective on the date
specified in the notice.  You also may terminate your employment with
the Company at any time.  The effective date of termination (the
"Effective Date") shall be the last day of your employment with the Company, as
specified in a notice by you, or if you are terminated by the Company, the date
that is specified by the Company in its notice to you.  The following
subsections set forth your rights to severance in the event of the termination
of your employment in certain circumstances by either the Company or you.
Section 5 also sets forth certain restrictions on your activities if your
employment with the Company is terminated, whether by the Company or
you.  That section shall survive any termination of this Agreement or
your employment with the Company.

      

      2.1           Termination
by the Company for Cause.  If you are
terminated for Cause, the Company shall have no further obligation to you, and
your participation in all of the Company's benefit plans and programs shall
cease as of the Effective Date.  In the event of a termination for
Cause, you shall not be entitled to receive severance benefits described in
Section 3.

      
        
          
            

            

             

            

          

          - 2
-

        

        
           

        

        
          
            
              

            
  

        

      

      2.2           Termination
by the Company Without Cause Other Than During a Change in Control
Period.  If your
employment with the Company is terminated by the Company without Cause at a time
other than during a Change in Control Period, you shall be entitled to only
those severance benefits provided by the Company's severance policy or policies
then in effect.  You shall not be entitled to receive benefits
pursuant to Section 3 of this Agreement.

      

      2.3           Termination
by the Company Without Cause During a Change in Control Period.  If your
employment with the Company is terminated by the Company without Cause during a
Change in Control Period, you shall be entitled to receive Benefits pursuant to
Section 3. A termination within 90 days prior to a Change in Control which
occurs solely in order to make you ineligible for the benefits of this Agreement
shall be considered a termination without Cause during a Change in Control
Period.

      

      2.4           Termination
By You For Change in Duties or Compensation During a Change in Control
Period.  If during a
Change in Control Period there occurs a Change in Duties or Compensation you may
terminate your employment with the Company at any time within 30 days after the
occurrence of the Change in Duties or Compensation, by giving to the Company not
less than 120 nor more than 180 days notice of termination.  During
the notice period that you continue to work, any reduction in your Compensation
will be restored.  At the option of the Company, following receipt of
this notice, it may: (a) change or cure, within 15 days, the condition that you
claim has caused the Change in Duties or Compensation, in which case, your
rights to terminate your employment with the Company pursuant to this Section
2.4 shall cease (unless there occurs thereafter another Change in Duties or
Compensation) and you shall continue in the employment of the Company
notwithstanding the notice that you have given; (b) allow you to continue your
employment through the date that you have specified in your notice; or (c)
immediately terminate your employment pursuant to Section 2.3.  If you
terminate your employment with the Company pursuant to this Section 2.4, you
shall be entitled to receive Benefits pursuant to Section 3.  Your
failure to provide the notice required by this Section 2.4 shall result in you
having no right to receive any further compensation from the Company except for
any base salary or vacation earned but not paid, plus any bonus earned and
accrued by the Company through the Effective Date.

      

      3.           SEVERANCE
BENEFITS.  If your
employment with the Company is terminated as described in Section 2.3 or 2.4,
you shall be entitled to the benefits specified in subsections 3.1, 3.2, and 3.3
(the "Benefits") for the period of time set forth in the applicable
section.

      

      3.1           Salary
Payment or Continuance.  You will be paid
a single lump sum payment in an amount equal to 2.99 times the average of your
annual base salary and any bonus payments for the 3 years immediately preceding
the Effective Date.  The determination of the amount of this payment
shall be made by the Company's actuaries and benefit consultants and, absent
manifest error, shall be final, binding and conclusive upon you and the
Company.

      
        
          
            

             

            

          

           

        

        
          - 3
-

          
            

          

        

        
           

        

      

      3.2           Continuation
of Benefits.  During the 2
years following the Effective Date (the “Severance Period”) that results in
benefits under this Article 3, you shall continue to receive the medical,
prescription, dental, and group life insurance benefits at the levels to which
you were entitled on the day preceding the Effective Date, or reasonably
equivalent benefits, to the extent continuation is not prohibited or limited by
applicable law.  In no event shall substitute plans, practices,
policies and programs provide you with benefits which are less favorable, in the
aggregate, than the most favorable of those plans, practices, policies and
programs in effect for you at any time during the 120-day period immediately
preceding the Effective Date. However, if you become reemployed with another
employer and are eligible to receive medical or other welfare benefits under
another employer-provided plan, Company payments for these medical and other
welfare benefits shall cease.

      

      4.           EFFECT OF
TERMINATION ON STOCK OPTIONS AND RESTRICTED STOCK. In the event of any
termination of your employment, all stock options and restricted stock held by
you that are vested prior to the Effective Date shall be owned or exercisable in
accordance with their terms; all stock options held by you that are not vested
prior to the Effective Date shall lapse and be void; however, if your employment
with the Company is terminated as described in Sections 2.3 or 2.4, then, if
your option or restricted stock grants provide for immediate vesting in the
event of a Change in Control, the terms of your option or restricted stock
agreement shall control.  If your option or restricted stock agreement
does not provide for immediate vesting,  you shall receive, within 30
days after the Effective Date, a lump sum cash distribution equal to: (a) the
number of shares of the Company's ordinary shares that are subject to options or
restricted stock grants held by you that are not vested as of the Effective Date
multiplied by (b) the difference between: (i) the closing price of a share of
the Company's ordinary shares on the NASDAQ National Market System as reported
by The Wall Street Journal as of the day prior to the Effective Date (or, if the
market is closed on that date, on the last preceding date on which the market
was open for trading), and (ii) the applicable exercise prices or stock grant
values of those non-vested shares.

      

      5.           DISCLOSURE
OF INFORMATION.  You recognize and
acknowledge that, as a result of your employment by the Company, you have or
will become familiar with and acquire knowledge of confidential information and
certain trade secrets that are valuable, special, and unique assets of the
Company.  You agree that all that confidential information and trade
secrets are the property of the Company.  Therefore, you agree that,
for and during your employment with the Company and continuing following the
termination of your employment for any reason, all confidential information and
trade secrets shall be considered to be proprietary to the Company and kept as
the private records of the Company and will not be divulged to any firm,
individual, or institution, or used to the detriment of the
Company.  The parties agree that nothing in this Section 6 shall be
construed as prohibiting the Company from pursuing any remedies available to it
for any breach or threatened breach of this Section 6, including, without
limitation, the recovery of damages from you or any person or entity acting in
concert with you.

      
        
          
            

             

            

          

           

        

        
          - 4
- 

          
            

          

        

        
           

        

      

      6.           GENERAL
PROVISIONS.

      

      6.1           Other
Plans.  Nothing in this
Agreement shall affect your rights during your employment to receive increases
in compensation, responsibilities or duties or to participate in and receive
benefits from any pension plan, benefit plan or profit sharing plans except
plans which specifically address benefits of the type addressed in Sections 3
and 4 of this Agreement.

      

      6.2           Death
During Severance Period. If you die during the
Severance Period, any Benefits remaining to be paid to you shall be paid to the
beneficiary designated by you to receive those Benefits (or in the absence of
designation, to your surviving spouse or next of kin).

      

      6.3           Notices. Any notices to be given
under this Agreement may be effected by personal delivery in writing or by mail,
registered or certified, postage prepaid with return receipt
requested.  Mailed notices shall be addressed to the parties at the
addresses appearing on the first page of this Agreement (to the attention of the
Secretary in the case of notices to the Company), but each party may change the
delivery address by written notice in accordance with this Section
7.3.  Notices delivered personally shall be deemed communicated as of
actual receipt; mailed notices shall be deemed communicated as of the second day
following deposit in the United States Mail.

      

      6.4           Entire
Agreement. This
Agreement supersedes all previous oral or written agreements, understandings or
arrangements between the Company and you regarding a termination of your
employment with the Company or a change in your status, scope or authority and
the salary, benefits or other compensation that you receive from the Company as
a result of the termination of your employment with the Company (the "Subject
Matter"), all of which are wholly terminated and canceled.  This
Agreement contains all of the covenants and agreements between the parties with
respect to the Subject Matter. Each party to this Agreement acknowledges that no
representations, inducements, promises, or agreements, orally or otherwise, have
been made with respect to the Subject Matter by any party, or anyone acting on
behalf of any party, which are not embodied in this Agreement.  Any
subsequent agreement relating to the Subject Matter or any modification of this
Agreement will be effective only if it is in writing signed by the party against
whom enforcement of the modification is sought.

      

      6.5           Partial
Invalidity. If
any provision in this Agreement is held by a court of competent jurisdiction to
be invalid, void, or unenforceable, the remaining provisions shall nevertheless
continue in full force without being impaired or invalidated in any
way.

      

      6.6           Governing
Law.  This Agreement
shall be governed by and construed in accordance with the laws of the State of
Tennessee, and it shall be enforced or challenged only in the courts of the
State of Tennessee.

      

      6.7           Waiver of
Jury Trial.  The Company and
you expressly waive any right to a trial by jury in any action or proceeding to
enforce or defend any rights under this Agreement, and agree that any such
action or proceeding shall be tried before a court and not a jury. You
irrevocably 

       

       

      
        
          
          

        

        
          - 5
-

          
            

          

        

        
          
          

        

      

       

      waive, to
the fullest extent permitted by law, any objection that you may have now or
hereafter to the specified venue of any such action or proceeding and any claim
that any such action or proceeding has been brought in an inconvenient
forum.

      

      6.8           Miscellaneous. Failure or delay of either
party to insist upon compliance with any provision of this Agreement will not
operate as and is not to be construed to be a waiver or amendment of the
provision or the right of the aggrieved party to insist upon compliance with the
provision or to take remedial steps to recover damages or other relief for
noncompliance.  Any express waiver of any provision of this Agreement
will not operate, and is not to be construed, as a waiver of any subsequent
breach, irrespective of whether occurring under similar or dissimilar
circumstances. You may not assign any of your rights under this
Agreement.  The rights and obligations of the Company under this
Agreement shall benefit and bind the successors and assigns of the
Company.  The Company agrees that if it assigns this Agreement to any
successor company, it will ensure that its terms are continued.

      

      6.9           Certain Additional Payments
by the Company.

       

       

      
        	 	a.	The
      Company will pay you an amount (the “Additional Amount”) equal to the
      excise tax under the United States Internal Revenue Code of 1986, as 
      

      

      amended
(the “Code”), if any, incurred by you by reason of the payments under this
Agreement and any other plan, agreement or understanding between you and the
Company or its parent, subsidiaries or affiliates (collectively, “Separation
Payments”) constituting excess parachute payments under Section 280G of the Code
(or any successor provision).  In addition, the Company will pay an
amount equal to all excise taxes and federal, state and local income taxes
incurred by you with respect to receipt of the Additional Amount.  All
determinations required to be made under this Section 6.9 including whether an
Additional Amount is required and the amount of any Additional Amount, will be
made by the independent auditors engaged by the Company immediately prior to the
Change in Control (the “Accounting Firm”), which will provide detailed
supporting calculations to the Company and you.  In computing taxes,
the Accounting Firm will use the highest marginal federal, state and local
income tax rates applicable to you and will assume the full deductibility of
state and local income taxes for purposes of computing federal income tax
liability, unless you demonstrate that you will not in fact be entitled to such
a deduction for the year of payment.

       

      
        	 	b.	The Additional
      Amount, computed assuming that all of the Separation Payments constitute
      excess parachute payments as defined in
      Section 280G of
      the

      

       Code (or any
successor provision), will be paid to you at the time that the payments made
pursuant to Section 3.1 is made unless the Company, prior to the Severance
Period, provides you with an opinion of the Accounting Firm that you will not
incur an excise tax on part or all of the Separation Payments.  That
opinion will be based upon the applicable regulations under Sections 280G and
4999 of the Code (or any successor provisions) or substantial authority within
the meaning of Section 6662 of the Code.  If that opinion applies only
to part of the Separation Payments, the 

       

      
        
          
          

        

        
          - 6
-

          
            

          

        

        
          
          

        

      

       

      Company
will pay you the Additional Amount with respect to the part of the Separation
Payments not covered by the opinion.

      
      

       

      
        	 	c.	The amount of the
      Additional Amount and the assumptions to be utilized in arriving at the
      determination, shall be made by the Company’s Accounting
  

      

      Firm,
whose decision shall be final and binding upon both you and the
Company.  You must notify the Company in writing no later than 30 days
after you are informed of any claim by the Internal Revenue Service that, if
successful, would require the payment by the Company of the Additional
Amount.  You must also cooperate fully with the Company and give the
Company any information reasonably requested relating to the claim, and take all
action in connection with contesting the claim as the Company reasonably
requests in writing from time to time.

      

      If all of the terms and conditions in
this Agreement are agreed to by you, please signify your agreement by executing
the enclosed duplicate of this letter and returning it to us. At the date of
your return, this letter shall constitute a fully enforceable Agreement between
us.

      

      

       

      
        	 	CBRL
      GROUP, INC.

      

      
 

       

      
        	 	By: 	/s/Michael A.
      Woodhouse

      

      
        	 	Michael A.
      Woodhouse
	 	Chairman, President
      and Chief Executive Officer

      

       

      

      The
foregoing is fully agreed to and accepted by:

      

      

      Company
Employee's Signature: /s/Douglas E.
Barber

       

      Please
Print or Type Name:    Douglas E. Barber

      

      Please
Print or Type Title:  Executive Vice President and Chief Operating
Officer

      

       

       

       

       

       

       

       

       

       

       

       

       

       

      - 7 -

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