Document:

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                                                                   Exhibit 10.15

                              MANAGEMENT AGREEMENT

      THIS MANAGEMENT AGREEMENT (this "Agreement") is made as of March 11, 2004,
between VI Acquisition Corp., a Delaware corporation (the "Company"), and Walter
van Benthuysen (the "Director").

      The Company and Director desire to enter into an agreement pursuant to
which Director will commit to purchase, and the Company will commit to sell, an
aggregate of 10,000 shares of the Company's Common Stock, par value $.0001 per
share (the "Common Stock"). All of such shares of Common Stock are referred to
herein as "Director Shares." Certain definitions are set forth in Section 7 of
this Agreement.

      The parties hereto agree as follows:

      1. Director Shares.

      (a) Upon execution of this Agreement, Director will purchase, and the
Company will sell, 10,000 shares of Common Stock at a price of $1.00 per share,
the fair market value of the Common Stock on the date hereof. The Company will
deliver to Director the certificates representing such Director Shares, and
Director will deliver to the Company a cashier's or certified check or wire
transfer of funds in the aggregate amount of $10,000.

      (b) Within thirty (30) days after each purchase by Director of Director
Shares pursuant to this Agreement, Director will make an effective election with
the Internal Revenue Service under Section 83(b) of the Internal Revenue Code
and the regulations promulgated thereunder in the form of Exhibit A attached
hereto.

      (c) In connection with the purchase and sale of the Director Shares
pursuant hereto, Director represents and warrants to the Company that:

            (i) The Director Shares to be acquired by Director pursuant to this
      Agreement will be acquired for Director's own account and not with a view
      to, or intention of, distribution thereof in violation of the Securities
      Act, or any applicable state securities laws, and the Director Shares will
      not be disposed of in contravention of the Securities Act or any
      applicable state securities laws;

            (ii) Director is an outside director of the Company, is
      sophisticated in financial matters and is able to evaluate the risks and
      benefits of the investment in the Director Shares;

            (iii) Director is able to bear the economic risk of his investment
      in the Director Shares for an indefinite period of time because the
      Director Shares have not been registered under the Securities Act and,
      therefore, cannot be sold unless subsequently registered under the
      Securities Act or an exemption from such registration is available;

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            (iv) Director has had an opportunity to ask questions and receive
      answers concerning the terms and conditions of the offering of the
      Director Shares and has had full access to such other information
      concerning the Company as he has requested;

            (v) This Agreement and each of the other agreements contemplated
      hereby to which Director is a party constitute legal, valid and binding
      obligations of Director, enforceable in accordance with their terms, and
      the execution, delivery and performance of this Agreement and such other
      agreements by Director does not and will not conflict with, violate or
      cause a breach of any agreement, contract or instrument to which Director
      is a party or any judgment, order or decree to which Director is subject;

            (vi) Director is not a party to or bound by any employment
      agreement, consulting agreement, noncompete agreement or confidentiality
      agreement which conflicts with the obligations set forth in this
      Agreement; and

            (vii) Director is a resident of the State of Illinois.

      (d) As an inducement for the Company to commit to issue the Director
Shares to Director, and as a condition thereto, Director acknowledges and agrees
that neither any future issuance of capital stock of the Company to Director nor
any provision contained herein shall entitle Director to remain in the service
of the Company, or any Subsidiary of the Company, or affect the right of the
Company or any Subsidiary to terminate Director's services at any time for any
reason.

      2. Vesting of Shares.

      (a) Except as otherwise provided in Section 2(b) below, the Director
Shares purchased hereunder will become vested in accordance with the following
schedule, if as of each such date Director is still serving as a director of the
Company or is otherwise engaged to perform services on behalf of the Company or
any Subsidiary of the Company:

<TABLE>
<CAPTION>
                                                    CUMULATIVE PERCENTAGE OF
             DATE                                 DIRECTOR SHARES TO BE VESTED
             ----                                 ----------------------------
<S>                                               <C>
1st Anniversary of this Agreement                             20%
2nd Anniversary of this Agreement                             40%
3rd Anniversary of this Agreement                             60%
4th Anniversary of this Agreement                             80%
5th Anniversary of this Agreement                             100%
</TABLE>

      (b) Notwithstanding the foregoing or anything herein to the contrary, upon
the occurrence of a Sale of the Company, all Director Shares which have not yet
become vested shall become vested at the time of such Sale of the Company (such
portion being referred to herein as the "Accelerated Shares"); provided,
however, and subject to and unless otherwise provided for under the Stockholders
Agreement by and among the Company, the Investors, the Director and certain
other parties, that Director shall not Transfer any interest in any Accelerated
Shares unless and until such time as the Investors shall have received cash
dividends or other cash

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proceeds resulting from any distributions on or dispositions of any Preferred
Stock or Common Stock in an aggregate amount equal to the product of (i) two
(2), multiplied by (ii) the aggregate purchase price paid by the Investors to
the Company for all Preferred Stock, Common Stock and other equity interests of
the Company purchased by the Investors (but not in any event including amounts
committed but not yet contributed to the capital of the Company). Director
Shares which have become vested hereunder are referred to herein as "Vested
Shares," and all other Director Shares are referred to herein as "Unvested
Shares."

      (c) The Director Securities shall at all times be subject to such
restrictions or limitations with respect to the Transfer thereof that may be
contained herein or in the Stockholders Agreement or as otherwise provided by
law.

      3. Repurchase Option.

      (a) In the event Director ceases to be a director of the Company or to
otherwise be engaged by the Company or any Subsidiary for any reason (a
"Separation"), the Shares and all other Director Securities (whether held by
Director or one or more of Director's transferees, other than the Company and
the Investors) will be subject to repurchase, in each case by the Company
pursuant to the terms and conditions set forth in this Section 3 (the
"Repurchase Option").

      (b) In the event of a Separation, the Director Shares purchased hereunder
shall be subject to repurchase as follows: (i) the purchase price for each
Unvested Share of Common Stock will be the Director's Original Cost for such
share; and (ii) the purchase price for each Vested Share of Common Stock will be
the Fair Market Value for such share.

      (c) In the event of a Separation, any other Director Securities not
otherwise described in Section 3(b) above, shall be subject to repurchase as
follows: (i) the purchase price for each share of Common Stock will be the Fair
Market Value for such share and (ii) the purchase price for each share of
Preferred Stock will be Director's Original Cost for such share.

      (d) In the event of a Separation, the Company may elect to purchase all or
any portion of the Director Securities by delivering written notice (the
"Repurchase Notice") to the holder or holders of the Director Securities within
60 days after the Separation. The Repurchase Notice will set forth the number of
Unvested Shares and Vested Shares to be acquired from each holder, the aggregate
consideration to be paid for such securities and the time and place for the
closing of the transaction. The number of each type of securities to be
repurchased by the Company shall first be satisfied to the extent possible from
the Director Securities held by Director at the time of delivery of the
Repurchase Notice. If the number of any or all types of Director Securities then
held by Director is less than the total number of such securities which the
Company has elected to purchase, the Company shall purchase the remaining
securities elected to be purchased from the other holder(s) of Director
Securities under this Agreement, pro rata according to the number of the
applicable type of Director Securities held by such other holder(s) at the time
of delivery of such Repurchase Notice (determined as nearly as practicable to
the nearest share). The number of Unvested Shares and Vested Shares to be
repurchased hereunder will be allocated among Director and the other holders of
Director Securities (if any) pro rata

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according to the number of the applicable type of Director Securities to be
purchased from such Person.

      (e) The closing of the purchase of the Director Securities pursuant to the
Repurchase Option shall take place on the date designated by the Company in the
Repurchase Notice, which date shall not be more than 2 months nor less than 5
days after the delivery of such notice. The Company will pay for the Director
Securities to be purchased by it pursuant to the Repurchase Option by first
offsetting amounts outstanding under any bona fide debts owed by Director to the
Company, and will pay the remainder of the purchase price to the extent
reasonably permissible under the Company's and its Subsidiaries' equity
financing agreements and agreements evidencing indebtedness for borrowed money
and to the extent the Company has the financial wherewithal at the time to make
such payments, by a check or wire transfer of funds and, if not, by a
subordinate note or notes, each on terms acceptable to banks and other financial
institutions loaning money to the Company and its Subsidiaries, payable in up to
three substantially equal, semi-annual installments beginning on the six month
anniversary of the closing of such purchase and bearing interest (payable
quarterly) at a rate per annum equal to the prime rate as published in The Wall
Street Journal from time to time, in the aggregate amount of the purchase price
for such securities. The Company will be entitled to receive customary
representations and warranties from the sellers of Director Securities
(including representations and warranties regarding good title to the Director
Securities, the absence of any liens on such title or other encumbrances with
respect to the Transfer of the Director Securities and the ability of such
sellers to consummate the sale).

      (f) Notwithstanding anything to the contrary contained in this Agreement,
all repurchases of Director Securities by the Company shall be subject to
applicable restrictions contained in the Delaware General Corporation Law and as
may be required by other parties in the Company's or any Subsidiaries' equity
financing agreements and agreements evidencing indebtedness for borrowed money,
if any. If any such restrictions prohibit the repurchase of Director Securities
hereunder which the Company is otherwise entitled or required to make, the
Company may make such repurchases as soon as it is permitted to do so under such
restrictions.

      (g) Notwithstanding anything to the contrary contained in this Agreement,
if Director delivers the notice of objection described in the definition of Fair
Market Value, or if the Fair Market Value of a Share is otherwise determined to
be an amount more than 10% greater than the per share repurchase price for such
Shares originally determined by the Board, the Company shall have the right to
revoke its exercise of the Repurchase Option for all or any portion of the
Shares elected to be repurchased by it by delivering notice of such revocation
in writing to the holders of the Shares during (i) the thirty-day period
beginning on the date the Company receives Director's written notice of
objection and (ii) the thirty-day period beginning on the date the Company is
given written notice that the Fair Market Value of a Share was finally
determined to be an amount more than 10% greater than the per share repurchase
price for such Shares originally determined by the Board.

      4. Restrictions on Transfer of Director Securities.

      (a) Transfer of Director Securities. Director shall not Transfer any
interest in any Director Securities, except at such time as the restrictions
herein terminate as provided in Section

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4(b) below. Notwithstanding the foregoing, the restrictions contained in this
Section 4 will not apply with respect to (i) Transfers of shares of Director
Securities pursuant to applicable laws of descent and distribution or (ii)
Transfer of shares of Director Securities among Director's Family Group;
provided that in each case such restrictions will continue to be applicable to
the Director Securities irrespective of any such Transfer. Any transferee of
Director Securities pursuant to a Transfer in accordance with the provisions of
this Section 4(a) is herein referred to as a "Permitted Transferee."

      (b) Termination of Restrictions. The restrictions on the Transfer of
Director Securities set forth in this Section 4 will continue with respect to
each Director Security until the earlier of (i) a Qualified Public Offering; or
(ii) a Sale of the Company.

      5. Registration. Director understands that the Shares are not currently
being registered under the Securities Act by reason of their contemplated
issuance in a transaction exempt from the registration and prospectus delivery
requirements of the Securities Act pursuant to Rule 701 thereof. Director
further agrees that he will not sell or otherwise dispose of the Shares unless
such sale or other disposition has been registered or is exempt from
registration under the Securities Act and has been registered or qualified or is
exempt from registration or qualification under applicable securities laws of
any state. Director understands that a restrictive legend consistent with the
foregoing, and as set forth in Section 6, will be placed on the certificates
evidencing the Shares, and related stop transfer instructions will be noted in
the stock transfer records of the Company and/or its stock transfer agent for
the Shares.

      6. Additional Restrictions on Transfer of Director Securities.

      (a) Legend. The certificates representing the Director Securities will
bear a legend in substantially the following form:

      "THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED AS
      OF MARCH 11, 2004, HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
      1933, AS AMENDED (THE "ACT"), AND MAY NOT BE SOLD OR TRANSFERRED IN THE
      ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN
      EXEMPTION FROM REGISTRATION THEREUNDER. THE SECURITIES REPRESENTED BY THIS
      CERTIFICATE ARE ALSO SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER,
      CERTAIN REPURCHASE OPTIONS AND CERTAIN OTHER AGREEMENTS SET FORTH IN A
      MANAGEMENT AGREEMENT BETWEEN THE COMPANY AND A DIRECTOR OF THE COMPANY
      DATED AS OF MARCH 11, 2004. A COPY OF SUCH AGREEMENT MAY BE OBTAINED BY
      THE HOLDER HEREOF AT THE COMPANY'S PRINCIPAL PLACE OF BUSINESS WITHOUT
      CHARGE."

      (b) Opinion of Counsel. No holder of Director Securities may transfer any
Director Securities (except pursuant to an effective registration statement
under the Securities Act) without first delivering to the Company an opinion of
counsel (reasonably acceptable in form

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and substance to the Company) that neither registration nor qualification under
the Securities Act and applicable state securities laws is required in
connection with such Transfer.

      7. Definitions.

      "Affiliate" of the Investors means any direct or indirect general or
limited partner or member of an Investor, as applicable, or any employee or
owner thereof, or any other person, entity or investment fund controlling,
controlled by or under common control with an Investor.

      "Director's Family Group" means Director's spouse and descendants (whether
natural or adopted), any trust solely for the benefit of Director and/or
Director's spouse and/or descendants and any retirement plan for the Director.

      "Director Securities" means the Shares and any other securities of the
Company held by Director or any of Director's transferees permitted hereunder.
All Director Securities will continue to be Director Securities in the hands of
any holder other than Director (except for the Company, the Investors and the
Investors' Affiliates and except for transferees in a Public Sale). Except as
otherwise provided herein, each such other holder of Director Securities will
succeed to all rights and obligations attributable to Director as a holder of
Director Securities hereunder. Director Securities will also include shares of
the Company's capital stock or other securities of the Company issued with
respect to Director Securities by way of a stock split, dividend or other
recapitalization or reclassification.

      "Fair Market Value" of each Share as of a relevant date means the average
of the closing prices of the sales of the Common Stock on all securities
exchanges on which such Common Stock may at the time be listed on that date, or,
if there have been no sales or exchange on which the Common Stock is listed on
any day, the average of the highest bid and lowest asked prices on all
nationally-recognized exchanges at the end of such day, or, if on any day such
Common Stock is not so listed, the average of the representative bid and asked
prices quoted in the NASDAQ System as of 4:00 P.M., New York time, or, if on any
day such Common Stock is not quoted in the NASDAQ System, of the average of the
highest bid and lowest asked prices on such day in the domestic over-the-counter
market as reported by the National Quotation Bureau Incorporated, or any similar
successor organization, in each such case averaged over a period of 21 days
consisting of the day as of which the Fair Market Value is being determined and
the 20 consecutive business days prior to such day. If at any time such Common
Stock is not listed on any securities exchange or quoted in the NASDAQ System or
the over-the-counter market, the Fair Market Value will be the fair value of
such Common Stock determined in good faith by the Board of Directors of the
Company (the "Board Calculation"). If the Director disagrees with the Board
Calculation, the Director may, within 30 days after receipt of the Board
Calculation, deliver a notice (an "Objection Notice") to the Company setting
forth the Director's calculation of Fair Market Value. The Board and the
Director will negotiate in good faith to agree on such Fair Market Value, but if
such agreement is not reached within 30 days after the Company has received the
Objection Notice, Fair Market Value shall be determined by an appraiser selected
by the Board, which appraiser shall submit to the Board and the Director a
report within 30 days of its engagement setting forth such determination. The
determination of such appraiser shall be final and binding upon all parties. If
the Repurchase Option is exercised within 45 days after a Separation, then Fair
Market Value shall be determined as of the date of such Separation;

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thereafter, Fair Market Value shall be determined as of the date the Repurchase
Option is exercised. A comparable process will be employed to determine the Fair
Market Value of Preferred Stock.

      "Investors" has the meaning set forth in the Stockholders Agreement.

      "Original Cost" means, (i) with respect to each share of Common Stock
purchased hereunder, $1.00 (as proportionately adjusted for all subsequent stock
splits, stock dividends and other recapitalizations) and (ii) with respect to
each share of Preferred Stock purchased under the Purchase Agreement, $1,000.00
plus all accrued and unpaid dividends of the Preferred Stock (as proportionately
adjusted for all subsequent stock splits, stock dividends and other
recapitalizations).

      "Person" means an individual, a partnership, a limited liability company,
a corporation, an association, a joint stock company, a trust, a joint venture,
an unincorporated organization and a governmental entity or any department,
agency or political subdivision thereof.

      "Preferred Stock" means preferred stock issued by the Company.

      "Public Sale" means any sale pursuant to a registered public offering
under the Securities Act or any sale to the public pursuant to Rule 144
promulgated under the Securities Act effected through a broker, dealer or market
maker.

      "Qualified Public Offering" means the sale in an underwritten public
offering registered under the Securities Act of shares of the Company's Common
Stock approved by the Board of Directors pursuant to which the Investors have
realized in cash a return of two or more times the amount of their investment in
the Company.

      "Sale of the Company" means any transaction or series of transactions
pursuant to which (A) any Person(s) other than the Investors and their
respective Affiliates in the aggregate acquire(s) (i) capital stock of the
Company possessing the voting power (other than voting rights accruing only in
the event of a default, breach or event of noncompliance) to elect a majority of
the Company's board of directors (whether by merger, consolidation,
reorganization, combination, sale or transfer of the Company's capital stock,
shareholder or voting agreement, proxy, power of attorney or otherwise) or (ii)
all or substantially all of the Company's assets determined on a consolidated
basis; provided that the term "Sale of the Company" shall not include any sale
of equity or debt securities by the Company in a private offering to other
investors selected by the Investors; or (B) more than 50% of the assets of the
Company (treating investments in Affiliates as assets for these purposes) is
spun off, split off or otherwise distributed.

      "Securities Act" means the Securities Act of 1933, as amended from time to
time.

      "Stockholders Agreement" means that certain Stockholders Agreement dated
June 13, 2003 among the Company, the Investors, the Director and certain other
parties.

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      "Subsidiary" means any entity of which the Company owns securities having
a majority of the ordinary voting power in electing the board of directors, or
the equivalent governing body, directly or through one or more subsidiaries.

      "Transfer" means to sell, transfer, assign, pledge or otherwise dispose of
(whether with or without consideration and whether voluntarily or involuntarily
or by operation of law).

      8. Notices. Any notice, consent, waiver and other communications required
or permitted pursuant to the provisions of this Agreement must be in writing and
will be deemed to have been properly given (a) when delivered by hand; (b) when
sent by telecopier (with acknowledgement of complete transmission), provided
that a copy is mailed by U.S. certified mail, return receipt requested; (c)
three (3) days after sent by certified mail, return receipt requested; or (d)
one (1) day after deposit with a nationally recognized overnight delivery
service, in each case to the appropriate addresses and telecopier numbers set
forth below:

      If to the Company:

      VI Acquisition Corp.
      c/o Wind Point Partners
      Suite 3700
      676 North Michigan Avenue
      Chicago, Illinois   60611
      Attn:    Michael Solot
      Tel:     (312) 255-4800
      Fax:     (312) 255-4820

      If to the Director

      Walter van Benthuysen
      17 Tartan Lakes Court
      Westmont, Illinois  60559

      with a copy to:

      Sachnoff & Weaver, Ltd.
      30 South Wacker Drive
      Suite 2900
      Chicago, Illinois   60606
      Fax:     (312) 207-6400
      Tel:     (312) 207-1000
      Attn:  Seth M. Hemming, Esq.

Each party will be entitled to specify a different address for the receipt of
subsequent notices by giving written notice thereof to the other party in
accordance with this Section 8.

      9. General Provisions.

      (a) Transfers in Violation of Agreement. Any Transfer or attempted
Transfer of any Director Securities in violation of any provision of this
Agreement shall be void, and the

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Company shall not record such Transfer on its books or treat any purported
transferee of such Director Securities as the owner of such securities for any
purpose.

      (b) Severability. Whenever possible, each provision of this Agreement will
be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or any other jurisdiction, but this Agreement will be
reformed, construed and enforced in such jurisdiction as if such invalid,
illegal or unenforceable provision had never been contained herein.

      (c) Complete Agreement. This Agreement, those documents expressly referred
to herein and other documents of even date herewith embody the complete
agreement and understanding among the parties and supersede and preempt any
prior understandings, agreements or representations by or among the parties,
written or oral, which may have related to the subject matter hereof in any way.
Director hereby releases the Company and its affiliates and its and their
predecessors from any obligation or liability the Company or any of its
affiliates or its or their predecessors owes or owed to Director or any of his
affiliates and related persons prior to the date hereof.

      (d) Counterparts. This Agreement may be executed in separate counterparts,
each of which is deemed to be an original and all of which taken together
constitute one and the same agreement.

      (e) Successors and Assigns.

            (i) All Director Securities will continue to be Director Securities
      in the hands of any holder other than Director, including any of
      Director's transferees permitted hereunder or under the Stockholders
      Agreement (except for the Company, the Investors and the Investors'
      Affiliates and except for transferees in a Public Sale). Except as
      otherwise provided herein, each such other holder of Director Securities
      will succeed to all rights and obligations attributable to Director as a
      holder of Director Securities hereunder.

            (ii) Except as otherwise provided herein, this Agreement shall bind
      and inure to the benefit of and be enforceable by Director, the Company,
      the Investors and their respective successors and assigns (including
      subsequent holders of Director Securities); provided that the rights and
      obligations of Director under this Agreement shall not be assignable
      except in connection with a permitted transfer of Director Securities
      hereunder.

            (iii) Each of the Investors is intended to be a third party
      beneficiary of this Agreement and may enforce any rights granted to it
      hereunder.

      (f) Choice of Law. The corporate law of the State of Delaware will govern
all questions concerning the relative rights of the Company and its
stockholders. All other questions concerning the construction, validity and
interpretation of this Agreement and the exhibits hereto will be governed by and
construed in accordance with the internal laws of the State of Illinois,

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without giving effect to any choice of law or conflict of law provision or rule
(whether of the State of Illinois or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of
Illinois. Furthermore, Director and Company agree and consent to submit to
personal jurisdiction in the State of Illinois in any state or federal court of
competent subject matter jurisdiction situated in Cook County, Illinois.
Director and Company agree that the sole and exclusive venue for any suit
arising out of, or seeking to enforce, the terms of this Agreement shall be in a
state or federal court of competent subject matter jurisdiction situated in Cook
County, Illinois.

      (g) Remedies. Each of the parties to this Agreement (including the
Investor) will be entitled to enforce its rights under this Agreement
specifically, to recover damages and costs (including attorney's fees) caused by
any breach of any provision of this Agreement and to exercise all other rights
existing in its favor. The parties hereto agree and acknowledge that money
damages may not be an adequate remedy for any breach of the provisions of this
Agreement and that any party may in its sole discretion apply to any court of
law or equity of competent jurisdiction (without posting any bond or deposit)
for specific performance and/or other injunctive relief in order to enforce or
prevent any violations of the provisions of this Agreement.

      (h) Amendment and Waiver. The provisions of this Agreement may be amended
and waived only with the prior written consent of the Company and Director. No
cause of conduct or failure or delay in enforcing the provisions of this
Agreement shall affect the validity, binding effect or enforceability of this
Agreement.

      (i) Business Days. If any time period for giving notice or taking action
hereunder expires on a day which is a Saturday, Sunday or holiday in the state
in which the Company's chief executive office is located, the time period shall
be automatically extended to the business day immediately following such
Saturday, Sunday or holiday.

      (j) Indemnification and Reimbursement of Payments on Behalf of Director.
The Company and any Subsidiary shall be entitled to deduct or withhold from any
amounts owing from the Company or any Subsidiary to the Director any federal,
state, local or foreign withholding taxes, excise taxes, or employment taxes
("Taxes") imposed with respect to the Director's compensation or other payments
from the Company or any Subsidiary or the Director's ownership interest in the
Company, including, but not limited to, wages, bonuses, dividends, the receipt
or exercise of stock options and/or the receipt or vesting of restricted stock.
The Director shall indemnify the Company and any Subsidiary for any amounts paid
with respect to any such Taxes, together with any interest, penalties and
related expenses thereto.

      (k) Termination. This Agreement shall survive the termination of
Director's services with the Company or any Subsidiary and shall remain in full
force and effect after such termination.

      (l) Generally Accepted Accounting Principles; Adjustments of Numbers.
Where any accounting determination or calculation is required to be made under
this Agreement or the exhibits hereto, such determination or calculation (unless
otherwise provided) shall be made in accordance with United States generally
accepted accounting principles, consistently applied.

                                       10
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All numbers set forth herein which refer to share prices or amounts will be
appropriately adjusted to reflect stock splits, stock dividends, combinations of
shares, recapitalizations or other similar transactions affecting the subject
class of stock.

      (m) Waiver of Jury Trial. Each of the parties hereto hereby irrevocably
waives any and all right to trial by jury of any claim or cause of action in any
legal proceeding arising out of or related to this Agreement or the transactions
or events contemplated hereby or any course of conduct, course of dealing,
statements (whether verbal or written) or actions of any party hereto. The
parties hereto each agree that any and all such claims and causes of action
shall be tried by a court trial without a jury. Each of the parties hereto
further waives any right to seek to consolidate any such legal proceeding in
which a jury trial has been waived with any other legal proceeding in which a
jury trial cannot or has not been waived.

                                    * * * * *

IN WITNESS WHEREOF, the parties hereto have executed this Management Agreement
as of the date first written above.

                                         VI ACQUISITION CORP.

                                         By:  /s/ Debra Koenig
                                              ----------------------
                                         Name: Debra Koenig
                                         Its:  Executive Vice President

                                             /s/ Walter Van Benthuysen
                                         -----------------------------
                                         WALTER VAN BENTHUYSEN

                                       11
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                          ELECTION TO INCLUDE VALUE OF
                       RESTRICTED PROPERTY IN GROSS INCOME
                  IN YEAR OF TRANSFER UNDER CODE SECTION 83(b)

      The undersigned (the "TAXPAYER") hereby elects pursuant to Section 83(b)
of the Internal Revenue Code to include the restricted property described below
in his gross income for the tax year ending December 31, 2004 and supplies the
following information in accordance with the regulations promulgated thereunder:

1. THE NAME, ADDRESS AND TAXPAYER IDENTIFICATION NUMBER OF THE TAXPAYER ARE:

                                    Walter van Benthuysen
                                    17 Tartan Lakes Court
                                    Westmont, Illinois  60559
                                    Social Security # _______________

2. DESCRIPTION OF PROPERTY WITH RESPECT TO WHICH THE ELECTION IS BEING MADE:

      10,000 shares (the "SHARES") of Common Stock, par value $0.0001 per share,
      of VI Acquisition Corp., a Delaware corporation (the "COMPANY").

3. THE DATE ON WHICH PROPERTY WAS TRANSFERRED IS MARCH 11, 2004.

      The taxable year to which this election relates is calendar year 2004.

4. THE NATURE OF THE RESTRICTION(S) TO WHICH THE PROPERTY IS SUBJECT IS:

      A. The Shares are not transferable except as permitted by a Management
Agreement. Transferees are generally subject to the same restrictions as are
imposed on their transferors. Certificates representing the Shares contain
legends to give notice of restrictions on transfer.

      B. If the Taxpayer ceases to serve as a director or other service provider
of the Company prior to certain specified time periods (the last day of each
such period, a "VESTING DATE"), a portion of the Shares will be subject to
repurchase by the Company at the amount the Taxpayer paid for the Shares (the
"PURCHASE PRICE"). On each specified Vesting Date, a portion of the Shares
subject to repurchase at the Purchase Price will lapse and such portion will
then be repurchasable at its fair market value in the event the Taxpayer ceases
to serve as a director or other service provided of the Company. On the February
20, 2009 Vesting Date, all Shares then will be repurchasable at their fair
market value in the event the Taxpayer ceases to serve as a director or other
service provider of the Company.

5. FAIR MARKET VALUE:

      The fair market value at time of transfer (determined without regard to
any restrictions other than restrictions which by their terms will never lapse)
of the property with respect to which this election is being made is $1.00 per
Share.

<PAGE>

6. AMOUNT PAID FOR PROPERTY:

      The amount paid by Taxpayer for said property is $1.00 per Share.

7. FURNISHING STATEMENT TO EMPLOYER:

      A copy of this statement has been furnished to the Company.

Dated: March 11, 2004

                                            ____________________________________
                                            Walter van Benthuysen

This election must be filed with the Internal Revenue Service Center with which
the Taxpayer files his or her Federal income tax returns and must be filed
within thirty (30) days after the date of purchase. This filing should be made
by registered or certified mail, return receipt requested. The taxpayer must
retain two copies of the completed form for filing with his or her Federal and
State tax returns for the current tax year and an additional copy for his or her
records.

                                       2<PAGE>

                                                                   Exhibit 10.16

                              EMPLOYMENT AGREEMENT

      This EMPLOYMENT AGREEMENT (this "EMPLOYMENT AGREEMENT") is made this 13th
day of June, 2003 by and between VICORP RESTAURANTS, INC., a Colorado
corporation (the "COMPANY"), and DEBRA KOENIG ("EXECUTIVE").

      WHEREAS, the Company and its subsidiaries are engaged in the business of
(i) operating and managing family dining restaurants and enterprises and (ii)
conducting such other activities as are undertaken from time to time by the
Company, VI Acquisition Corp., a Delaware corporation (the "PARENT"), and each
of their subsidiaries as a result of future acquisitions, or otherwise
(collectively, the "BUSINESS");

      WHEREAS, the Company desires to employ Executive, and Executive desires to
be employed by the Company, as the Chief Executive Officer of the Company; and

      WHEREAS, the Company and Executive desire to enter into this Employment
Agreement to evidence the terms and conditions of such employment.

      NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
and promises in this Employment Agreement, the parties agree as follows:

      1. EMPLOYMENT. The Company hereby agrees to employ Executive as Chief
Executive Officer of the Company, and Executive hereby agrees to accept such
employment and agrees to act as Chief Executive Officer of the Company, all in
accordance with the terms and conditions of this Employment Agreement. In
addition to the foregoing, the Company agrees that, as soon as practicable on or
after the execution of this Employment Agreement, the Executive will be elected
as a Director of the Company. Executive hereby represents and warrants that
neither Executive's entry into this Employment Agreement nor Executive's
performance of Executive's obligations hereunder will conflict with or result in
a breach of the terms, conditions or provisions of any other agreement or
obligation of any nature to which Executive is a party or by which Executive is
bound, including, without limitation, any development agreement, non-competition
agreement or confidentiality agreement entered into by Executive.

      2. TERM OF EMPLOYMENT AND AUTOMATIC RENEWAL. The term of Executive's
employment under this Employment Agreement will commence on the date of this
Employment Agreement and will continue until the third (3rd) anniversary of the
date of this Employment Agreement (the "INITIAL EMPLOYMENT PERIOD"). THE INITIAL
EMPLOYMENT PERIOD AND ANY RENEWAL EMPLOYMENT PERIOD (AS DEFINED HEREIN) SHALL
AUTOMATICALLY BE RENEWED AND EXTENDED ON THE SAME TERMS AND CONDITIONS CONTAINED
HEREIN FOR CONSECUTIVE ONE-YEAR PERIODS (EACH, A "RENEWAL EMPLOYMENT PERIOD"),
UNLESS NOT LATER THAN SIXTY (60) DAYS PRIOR TO THE END OF THE INITIAL EMPLOYMENT
PERIOD OR ANY RENEWAL EMPLOYMENT PERIOD, AS THE CASE MAY BE, EITHER PARTY SHALL
GIVE WRITTEN NOTICE TO THE OTHER PARTY OF ITS ELECTION TO TERMINATE THIS
EMPLOYMENT AGREEMENT. The Initial Employment Period and the Renewal Employment
Periods are hereinafter referred to as the

<PAGE>

"EMPLOYMENT PERIOD." Notwithstanding anything to the contrary contained herein,
the Employment Period is subject to earlier termination pursuant to SECTION 11
below.

      3. POSITION AND RESPONSIBILITIES. Executive shall report to and be subject
to the direction of the Board of Directors of the Company (the "BOARD").
Executive shall perform and discharge such duties and responsibilities for the
Company as the Board may from time to time reasonably assign Executive, provided
such duties and responsibilities are consistent with the position of a Chief
Executive Officer. Subject to the foregoing, Executive understands and
acknowledges that such duties shall be subject to revision and modification by
the Company's Board upon reasonable notice to Executive. During the Employment
Period, Executive shall devote Executive's full business time, attention, skill
and efforts to the performance of Executive's duties herein, and shall perform
the duties and carry out the responsibilities assigned to Executive, to the best
of Executive's ability, in a diligent, trustworthy and businesslike manner for
the purpose of advancing the Company. Executive acknowledges that Executive's
duties and responsibilities will require Executive's full-time business efforts
and agrees that during the Employment Period, Executive will not engage in any
outside business activities that conflict with her obligations under this
Employment Agreement.

      4. COMPENSATION.

            (a) BASE SALARY. During the Employment Period, the Company shall pay
to Executive a base salary at the rate of $484,380 per year (the "BASE SALARY"),
less applicable tax withholding, subject to increase from time to time, solely
at the Company's discretion, payable at the Company's regular employee payroll
intervals. Executive's performance shall be reviewed annually and the Base
Salary may be increased at the Company's sole discretion.

            (b) DISCRETIONARY BONUS. During the Employment Period, Executive
shall be eligible to earn an annual bonus targeted at fifty percent (50%) of her
Base Salary upon the achievement of the annual budget, which budget shall be
determined by the Board in its sole discretion. Bonus amounts in excess of fifty
percent (50%) of Executive's Base Salary may be paid to the Executive if the
annual performance goals for a particular year are exceeded, as determined in
the sole discretion of the Board.

            (c) STOCK. Pursuant to a stock purchase agreement (the "STOCK
PURCHASE AGREEMENT") to be entered into among Parent, the Executive, the
Investors (as defined therein) and certain other executives of the Company,
Executive will purchase certain shares of common stock and preferred stock of
Parent (collectively, the "EXECUTIVE STOCK"), which shares of Executive Stock
shall be subject to certain vesting, repurchase and other obligations and
restrictions set forth in that certain senior management agreement to be entered
into between Parent and the Executive (the "MANAGEMENT AGREEMENT") and that
certain stockholders agreement to be entered into among Parent, Executive, the
Investors and certain other shareholders of Parent (the "STOCKHOLDERS
AGREEMENT").

      5. BENEFIT PLANS. During the Employment Period, Executive will be entitled
to receive traditional employment benefits comparable to those provided to other
senior executive officers of the Company (subject to any applicable waiting
periods, eligibility requirements, or

                                       2
<PAGE>

other restrictions), which benefits may include insurance (medical, dental,
life, disability), retirement plans and profit sharing plans.

      6. EXPENSES. The Company, in accordance with policies and practices
established by the Board from time to time, will pay or reimburse Executive for
all expenses (including travel and cell phone expenses) reasonably incurred by
Executive during the Employment Period in connection with the performance of
Executive's duties under this Employment Agreement, provided that Executive
shall provide to the Company documentation or evidence of expenses for which
Executive seeks reimbursement. In addition, upon the delivery by Executive to
the Company of a detailed description of such expenses, the Company agrees to
reimburse Executive for the following reasonable relocation expenses actually
incurred in connection with the Executive's relocation to the Denver, Colorado
metropolitan area:

                  (i) all transfer fees and sales commissions incurred in
            connection with the sale of Executive's current home in Illinois;

                  (ii) reasonable legal fees incurred in connection with the
            sale of Executive's current home in Illinois, and purchase of
            Executive's new home in Colorado;

                  (iii) all closing fees (including points on Executive's
            mortgage) incurred in connection with the purchase of Executive's
            new home in Colorado;

                  (iv) reasonable travel, lodging and dining expenses incurred
            by Executive and her spouse in connection with a reasonable number
            of house-hunting trips to Colorado;

                  (v) reasonable moving expenses for the belongings of Executive
            and her family incurred in connection with the purchase of
            Executive's new home in Colorado; and

                  (vi) reasonable temporary housing in Colorado, if needed, up
            to a maximum of five (5) months.

      7. VACATION. Executive shall be entitled to vacation at the rate of four
(4) weeks per year to be accrued and taken in accordance with the Company's
vacation policy from time to time in effect. Vacation which is accrued but not
used in a given year will be forfeited as of the end of that year.

      8. CONFIDENTIALITY, INVENTIONS AND NON-SOLICITATION AGREEMENT. On the date
hereof, Executive shall execute a confidentiality, inventions and
non-solicitation agreement, in the form of EXHIBIT A attached hereto and made a
part hereof (the "CONFIDENTIALITY, INVENTIONS AND NON-SOLICITATION AGREEMENT").

      9. RESTRICTIVE COVENANTS.

            (a) EXECUTIVE'S ACKNOWLEDGMENT. Executive acknowledges that: (i)
Parent and the Company are and will be engaged in the Business during the
Employment Period and

                                       3
<PAGE>

thereafter; (ii) Parent and the Company are and will be actively engaged in the
Business throughout the world; (iii) Executive is one of a limited number of
persons who will be developing the Business; (iv) Executive will continue to
occupy a position of trust and confidence with the Company after the date of
this Employment Agreement and during the Employment Period Executive will
continue to become familiar with Parent's and the Company's and each of their
subsidiaries' and portfolio companies (collectively, the "GROUP") trade secrets
and with other proprietary and confidential information concerning the Group and
the Business (and the other businesses of the Group); (v) the agreements and
covenants contained in this SECTION 9 are essential to protect the Group and the
goodwill of the Business and are a condition precedent to the Company entering
into this Employment Agreement; (vi) Executive's employment with the Company has
special, unique and extraordinary value to the Company and Parent and the
Company would be irreparably damaged if Executive were to provide services to
any person or entity in violation of the provisions of this Employment
Agreement; and (vii) Executive has means to support Executive and Executive's
dependents other than by engaging in the Business, and the provisions of this
SECTION 9 will not impair such ability.

            (b) RESTRICTIONS. Executive will not, during the Restricted Period
(as defined below), anywhere in North America (the "RESTRICTED TERRITORY"),
directly or indirectly (whether as an owner, partner, shareholder, agent,
officer, director, employee, independent contractor, consultant, or otherwise)
own, operate, manage, control, invest in, perform services for, or engage or
participate in any manner in, or render services to (alone or in association
with any person or entity) or otherwise assist any person or entity in, the
following entities, or in any entity or entities directly or indirectly related
to the following entities: Bob Evans'; IHOP; Denny's; Perkin's; Marie Calendar;
Mimi's; and Cracker Barrel.

      The term "RESTRICTED PERIOD" means the period of time from the date of
this Employment Agreement until one (1) year after the termination for any
reason of Executive's employment relationship with the Group or any successor
thereto (whether pursuant to a written agreement or otherwise, including any
Renewal Employment Period under this Employment Agreement). The Restricted
Period shall be extended for a period equal to any time period that Executive is
in violation of SECTION 9. Nothing contained in SECTION 9(B) above shall be
construed to prevent Executive from investing in the stock of any competing
corporation listed on a national securities exchange or traded in the
over-the-counter market, but only if Executive is not involved in the business
of said corporation and if Executive and Executive's associates (as such term is
defined in Regulation 14(A) promulgated under the Securities Exchange Act of
1934, as in effect on the date hereof), collectively, do not own more than an
aggregate of one percent (1%) of the stock of such corporation.

            (c) SCOPE/SEVERABILITY. The parties acknowledge that the business of
Parent and the Company is and will be national in scope and thus the covenants
in this SECTION 9 would be ineffective if the covenants were to be limited to a
particular geographic area. If any court of competent jurisdiction at any time
deems the Restricted Period unreasonably lengthy, or the Restricted Territory
unreasonably extensive, or any of the covenants set forth in this SECTION 9 not
fully enforceable, the other provisions of this SECTION 9, and this Employment
Agreement in general, will nevertheless stand and to the full extent consistent
with law continue in full force and effect, and it is the intention and desire
of the parties that the court treat any provisions of this Employment Agreement
which are not fully enforceable as having been modified to the

                                       4
<PAGE>

extent deemed necessary by the court to render them reasonable and enforceable
and that the court enforce them to such extent (for example, that the Restricted
Period be deemed to be the longest period permissible by law, but not in excess
of the length provided for in SECTION 9(B), and the Restricted Territory be
deemed to comprise the largest territory permissible by law under the
circumstances but not in excess of the territory provided for in SECTION 9(b)).

      10. EQUITABLE REMEDIES. Executive acknowledges and agrees that the
agreements and covenants set forth in the Confidentiality, Inventions and
Non-Solicitation Agreement and in SECTION 9 of this Employment Agreement are
reasonable and necessary for the protection of Parent's and the Company's
business interests, that irreparable injury will result to Parent and the
Company if Executive breaches any of the terms of said covenants, and that in
the event of Executive's breach of any such covenants, Parent and the Company
will have no adequate remedy at law. Executive accordingly agrees that, in the
event of any breach by Executive of any of said covenants, Parent and the
Company will be entitled to immediate injunctive and other equitable relief,
without the necessity of showing actual monetary damages. Nothing in this
SECTION 10 will be construed as prohibiting Parent or the Company from pursuing
any other remedies available to them for such breach or threatened breach,
including the recovery of any damages that they are able to prove.

      11. TERMINATION. Notwithstanding anything in SECTION 2 of this Agreement
to the contrary, Executive's services shall terminate upon the first to occur of
the following events:

            (a) DEATH. The Employment Period will terminate immediately upon the
death of Executive. If the Employment Period is terminated pursuant to this
SECTION 11(A), the Company shall have no further obligation to Executive (or her
estate) except for salary and benefits accrued through the date of termination.

            (b) DUE CAUSE. The Company may terminate the Employment Period
immediately upon written notice to Executive for Due Cause. The following events
will be deemed to constitute "DUE CAUSE":

            (i)   Executive's breach of any of Executive's obligations under the
                  Confidentiality, Inventions and Non-Solicitation Agreement,
                  the Stock Purchase Agreement, the Management Agreement or the
                  Stockholders Agreement; or

            (ii)  Executive's neglect of, willful misconduct in connection with
                  the performance of, or refusal to perform Executive's duties
                  in accordance with SECTION 3 of this Employment Agreement,
                  which, in the case of neglect or refusal to perform, has not
                  been cured to the Company's good faith satisfaction within
                  thirty (30) days after Executive has been provided written
                  notice of the same and the corrective action required by the
                  Company; or

            (iii) Executive's engagement in any conduct which injures in a
                  material respect the integrity or reputation of the Company or
                  which impugns Executive's

                                       5
<PAGE>

                  own integrity or reputation so as to cause Executive to be
                  unfit to act in the capacity of Chief Executive Officer of the
                  Company; or

            (iv)  the Board's good faith determination that Executive has
                  committed an act or acts constituting a felony, or has
                  committed any other intentional act involving dishonesty or
                  fraud against the Company.

      If the Employment Period is terminated pursuant to this SECTION 11(b), the
Company shall have no further obligation to Executive except for salary and
benefits accrued through the date of termination.

            (c) PERMANENT DISABILITY. The Company may terminate the Employment
Period upon the Permanent Disability (as defined below) of the Executive. For
purposes of this Employment Agreement, the term "PERMANENT DISABILITY" shall
mean that Executive is entitled to benefits under the Company's long-term
disability plan, or if no such plan exists, if the Executive is unable to
perform, by reason of physical or mental incapacity, the essential functions of
her position for ninety (90) or more days in any one hundred twenty (120) day
period. The Board shall determine, according to the facts then available,
whether and when a Permanent Disability has occurred. Such determination shall
not be arbitrary or unreasonable.

            (d) TERMINATION BY THE COMPANY WITHOUT DUE CAUSE. The Company may
terminate the Employment Period without Due Cause upon thirty (30) days' prior
written notice. If the Employment Period is terminated pursuant to this SECTION
11(d), then Executive will be entitled to receive as severance pay, the
continuation of her Base Salary at the annual rate then in effect for a period
of twelve (12) months following the termination of her employment (the
"SEVERANCE PERIOD"), payable in accordance with the Company's payroll policy
from time to time in effect. Upon a termination under this SECTION 11(d), the
Company may elect, within thirty (30) days of the termination of the Employment
Period, to extend the duration of the Restricted Period for up to an additional
twelve (12) month period by so notifying Executive. If the Company elects to
extend the Restricted Period, the amount of severance pay shall be increased by
one-twelfth (1/12) of her Base Salary, at the annual rate then in effect, for
each month by which the Restricted Period is extended. In addition, if the
Executive elects COBRA continuation coverage, the Company shall pay for such
coverage through the Severance Period at the same rate as it pays for health
insurance coverage for its active employees (with the Executive required to pay
for any employee paid portion of such coverage). Nothing herein provided,
however, shall be construed to extend the period of time over which such COBRA
continuation coverage otherwise may be provided to the Executive and/or her
dependents. Notwithstanding the above, Executive shall receive such amounts only
if Executive is not in material breach of any of the provisions of the
Confidentiality, Inventions and Non-Solicitation Agreement and SECTION 9 of this
Employment Agreement and has complied with SECTION 11(f) of this Employment
Agreement.

            (e) VOLUNTARY RESIGNATION BY EXECUTIVE. Executive may terminate the
Employment Period at any time for any reason upon thirty (30) days' prior
written notice. If the Employment Period is terminated pursuant to this SECTION
11(e), the Company shall have no further obligation to Executive except for
salary and benefits accrued through the date of termination; provided, however,
that if Executive is terminating the Employment Period for

                                       6
<PAGE>

Good Reason (as defined below), then Executive will be entitled to receive the
severance benefits on the terms and subject to all of the conditions and rights
as described in SECTION 11(d). The following events will be deemed "GOOD REASON"
for which Executive may terminate the Employment Period and receive the
severance payments set forth in SECTION 11(d):

            (i)   a material diminution of the Executive's duties,
                  responsibilities, position or title after notice to the
                  Company and a thirty (30) day opportunity to cure; or

            (ii)  any material breach of this Employment Agreement on the part
                  of the Company (including, but not limited to, any decrease in
                  the Base Salary without the consent of the Executive, or
                  relocation of Executive's place of employment to a location
                  that is greater than fifty (50) miles from the Denver,
                  Colorado metropolitan area), after notice to the Board, and a
                  thirty (30) day opportunity to cure; provided, however, that
                  Executive is not in material breach of any of the terms of
                  this Employment Agreement.

            (f) GENERAL RELEASE. The receipt of any payment as set forth in
SECTIONS 11(d)-(e) above shall be contingent upon Executive's execution of an
agreement acceptable to the Company that (i) waives any rights the Executive may
otherwise have against the Company and its Affiliates, (ii) releases the Company
and its Affiliates from actions, suits, claims, proceedings and demands related
to the period of employment and/or the termination of employment, and (iii)
contains certain other standard obligations which shall be set forth at the time
of the termination. For purposes of this Employment Agreement, the term
"AFFILIATES" means any individual, corporation, partnership, association,
joint-stock company, trust, unincorporated association or other entity (other
than the Company) that directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with, the
Company including, without limitation, any member of an affiliated group of
which the Company is a common parent corporation as provided in Section 1404 of
the Code.

            (g) SURVIVAL. Termination of the Employment Period in accordance
with this SECTION 11, or expiration of the Employment Period, will not affect
the provisions of this Employment Agreement that survive such termination,
including, without limitation, the provisions in the Confidentiality, Inventions
and Non-Solicitation Agreement and in SECTION 9 of this Employment Agreement,
and will not limit either party's ability to pursue remedies at law or equity.

      12. ATTORNEY'S FEES. If either party prevails in a legal or arbitration
action to enforce or protect its rights under this Employment Agreement, then
that party shall be entitled to recover reasonable attorneys' fees, costs, and
expenses, in addition to all other relief, including but not limited to damages
and injunctive relief.

      13. EXECUTIVE ASSISTANCE. Both during and after Executive's employment
with the Company, Executive shall, upon reasonable notice, furnish the Company
with such information as may be in Executive's possession or control, and
cooperate with the Company, as the Company may reasonably request (with due
consideration to Executive's business activities and obligations after the
Employment Period), in connection with any litigation, claim, or other dispute
in which the Company or any of its Affiliates is or may become a party. The
Company

                                       7
<PAGE>

shall reimburse Executive for all reasonable out-of-pocket expenses incurred by
Executive in fulfilling Executive's obligations under this SECTION 13 and shall
provide Executive, if the obligation occurs after the Employment Period, with a
reasonable per diem allowance.

      14. EFFECT OF PRIOR AGREEMENTS. This Employment Agreement, the Management
Agreement, the Stockholders Agreement, the Stock Purchase Agreement and the
Confidentiality, Inventions and Non-Solicitation Agreement contain the entire
understanding between Parent, the Company and Executive relating to the subject
matter hereof and supersede any prior employment agreement between Executive,
Parent and the Company or other agreement relating to the subject matter hereof
between Parent, the Company and Executive. Executive agrees and acknowledges
that she is entitled to no benefits or compensation and has no other rights
against the Company, the Parent, and their Affiliates, except as otherwise set
forth in this Employment Agreement and, to the extent any such benefits,
compensation or rights are owed to him, expressly waives such benefits,
compensation and rights.

      15. MODIFICATION AND WAIVER. This Employment Agreement may not be modified
or amended, nor may any provisions of this Employment Agreement be waived,
except by an instrument in writing signed by the parties. No written waiver will
be deemed to be a continuing waiver unless specifically stated therein, and each
such waiver will operate only as to the specific term or condition waived and
shall not constitute a waiver of such term or condition for the future or as to
any act other than that specifically waived.

      16. SEVERABILITY. If, for any reason, any provision of this Employment
Agreement is held invalid, such invalidity will not affect any other provision
of this Employment Agreement, and each provision will to the full extent
consistent with law continue in full force and effect. If any provision of this
Employment Agreement is held invalid in part, such invalidity will in no way
affect the rest of such provision, and the rest of such provision, together with
all other provisions of this Employment Agreement, will, to the full extent
consistent with law, continue in full force and effect.

      17. NOTICES. Any notice, consent, waiver and other communications required
or permitted pursuant to the provisions of this Employment Agreement must be in
writing and will be deemed to have been properly given (a) when delivered by
hand; (b) when sent by telecopier (with acknowledgment of complete
transmission), provided that a copy is mailed by U.S. certified mail, return
receipt requested; (c) three (3) days after sent by certified mail, return
receipt requested; or (d) one (1) day after deposit with a nationally recognized
overnight delivery service, in each case to the appropriate addresses and
telecopier numbers set forth below:

            If to the Company:

                  VICORP Restaurants, Inc.
                  c/o Wind Point Partners
                  Suite 3700
                  676 North Michigan Avenue
                  Chicago, Illinois   60611
                  Attn:    Michael Solot
                  Fax:     (312) 255-4820

                                       8
<PAGE>

            With a copy to:

                  Sachnoff & Weaver, Ltd.
                  30 South Wacker Drive
                  Suite 2900
                  Chicago, Illinois   60606
                  Attn:   Seth M. Hemming, Esq.
                  Fax:  (312) 207-6400

            If to Executive:

                  Debra Koenig
                  7S710 Donwood Drive
                  Naperville, Illinois   60540

      Each party will be entitled to specify a different address for the receipt
of subsequent notices by giving written notice thereof to the other party in
accordance with this SECTION 17.

      18. THIRD PARTY BENEFICIARIES. Nothing herein expressed or implied is
intended or shall be construed to confer upon or give to any person or entity,
other than the parties to this Employment Agreement and their respective
permitted successors and assigns, any rights or remedies under or by reason of
this Employment Agreement.

      19. HEADINGS. The headings and other captions in this Employment Agreement
are included solely for convenience of reference and will not control the
meaning and interpretation of any provision of this Employment Agreement.

      20. GOVERNING LAW; ARBITRATION. This Employment Agreement has been
executed in the State of Illinois, and its validity, interpretation,
performance, and enforcement will be governed by the laws of such state, except
with respect to conflicts of laws principles. Except for disputes arising out of
an alleged violation of the Restrictive Covenants set forth in the
Confidentiality, Inventions and Non-Solicitation AGREEMENT and in SECTION 9 of
this Employment Agreement, any controversy or claim arising out of or relating
to any provision of this Employment Agreement or any other document or agreement
referred to herein shall be resolved by arbitration. The arbitration process
shall be instigated by either party giving written notice to the other of the
desire for arbitration and the factual allegations underlying the basis for the
dispute. The arbitration shall be conducted by such alternative dispute
resolution service as is agreed to by the parties, or, failing such agreement
within thirty (30) days after such dispute arises, by arbitrators selected as
described below in accordance with the rules and procedures established by the
American Arbitration Association. Only a person who is a practicing lawyer
admitted to a state bar may serve as an arbitrator. Each party shall select one
arbitrator, and those arbitrators shall choose a third arbitrator; these
arbitrators shall constitute the panel. The American Arbitration Association
rules for employment arbitration shall control any discovery conducted in
connection with the arbitration. The expenses of arbitration (other than
attorneys' fees) shall be shared as determined by arbitration. Each side to the
claim or controversy shall pay their own attorneys' fees. Any result reached by
the panel shall be binding on all parties to the arbitration, and no appeal may
be taken. It is agreed that any party to any award rendered in such

                                       9
<PAGE>

arbitration proceeding may seek a judgment upon the award and that judgment may
be entered thereon by any court having jurisdiction. The arbitration shall be
conducted in the State of Colorado.

      21. NON-ASSIGNABILITY/BINDING EFFECT. The Executive acknowledges that the
services to be rendered by him are unique and personal. Accordingly, the
Executive may not assign any of her rights or delegate any of her duties or
obligations under this Agreement. The rights and obligations of the Company
under this Agreement shall inure to the benefit of and shall be binding upon the
successors and assigns of the Company.

      22. NO STRICT CONSTRUCTION. The language used in this Employment Agreement
will be deemed to be the language chosen by the parties to express their mutual
intent, and no rule of strict construction will be applied against any person.

        [REMAINDER OF PAGE INTENTIONALLY BLANK; SIGNATURE PAGE TO FOLLOW]

                                       10
<PAGE>

      IN WITNESS WHEREOF, the Company has caused this Employment Agreement to be
executed by its duly authorized officer and Executive has signed this Employment
Agreement, as of the date first above written.

                                            VICORP RESTAURANTS, INC.

                                            By: /s/ Walter Van Benthuysen
                                                -------------------------------
                                            Its: Chairman

                                            EXECUTIVE

                                              /s/ Debra Koenig
                                            ------------------------------------
                                            DEBRA KOENIG

                                       11
<PAGE>

                                    EXHIBIT A

           CONFIDENTIALITY, INVENTIONS AND NON-SOLICITATION AGREEMENT

      In consideration of employment by VICORP Restaurants, Inc., a Colorado
corporation, its successors or assigns (the "COMPANY") of Debra Koenig
("EXECUTIVE"), it is understood and agreed as follows:

1. CONFIDENTIAL INFORMATION.

      (a)   Executive acknowledges that the Confidential Information (as defined
            below) constitutes a protectible business interest of the Company
            and its parent [VI ACQUISITION CORP.], a Delaware corporation
            ("PARENT") and covenants and agrees that at all times during the
            period of Executive's employment, and at all times after termination
            of such employment, Executive will not, directly or indirectly,
            disclose, furnish, make available or utilize any Confidential
            Information other than in the course of performing duties as an
            employee of the Company. Executive will abide by Company policies
            and rules as may be established from time to time by it for the
            protection of its Confidential Information. Executive agrees that in
            the course of employment with the Company Executive will not bring
            to the Company's offices nor use, disclose to the Company, or induce
            the Company to use, any confidential information or documents
            belonging to others. Executive's obligations under this SECTION 1.a.
            with respect to particular Confidential Information will survive
            expiration or termination of this Confidentiality, Inventions and
            Non-Solicitation Agreement (this "AGREEMENT"), and Executive's
            employment with the Company, and will terminate only at such time
            (if any) as the Confidential Information in question becomes
            generally known to the public other than through a breach of
            Executive's obligations under this Agreement.

      (b)   As used in this Agreement, the term "CONFIDENTIAL INFORMATION" means
            any and all confidential, proprietary or trade secret information,
            whether disclosed, directly or indirectly, verbally, in writing or
            by any other means in tangible or intangible form, including that
            which is conceived or developed by Executive, applicable to or in
            any way related to: (i) the present or future business of Parent,
            the Company or any of their Affiliates (as defined below); (ii) the
            research and development of Parent, the Company or any of their
            Affiliates; or (iii) the business of any client or vendor of Parent,
            the Company or any of their Affiliates. Such Confidential
            Information includes the following property or information of
            Parent, the Company and their Affiliates, by way of example and
            without limitation, trade secrets, processes, formulas, data,
            program documentation, customer lists, designs, drawings,
            algorithms, source code, object code, know-how, improvements,
            inventions, licenses, techniques, all plans or strategies for
            marketing, development and pricing, business plans, financial
            statements, profit margins and all information concerning existing
            or potential clients, suppliers or vendors. Confidential Information
            of Parent and the Company also means all similar information
            disclosed to Parent or the Company by third parties which is

<PAGE>

            subject to confidentiality obligations. The term "AFFILIATES" means
            (i) all persons or entities controlling, controlled by or under
            common control with, Parent and/or the Company, (ii) all companies
            or entities in which Parent or the Company own an equity interest
            and (iii) all predecessors, successors and assigns of the those
            Affiliates identified in (i) and (ii).

2.    RETURN OF MATERIALS. Upon termination of employment with the Company, and
regardless of the reason for such termination, Executive will leave with, or
promptly return to, the Company all documents, records, notebooks, magnetic
tapes, disks or other materials, including all copies, in Executive's possession
or control which contain Confidential Information or any other information
concerning Parent, the Company, any of their Affiliates or any of their
respective products, services or clients, whether prepared by the Executive or
others.

3.    INVENTIONS AS SOLE PROPERTY OF THE COMPANY.

      (a)   Executive covenants and agrees that all Inventions (as defined
            below) shall be the sole and exclusive property of the Company.

      (b)   As used in this Agreement, the term "INVENTIONS" means any and all
            inventions, developments, discoveries, improvements, works of
            authorship, concepts or ideas, or expressions thereof, whether or
            not subject to patents, copyright, trademark, trade secret
            protection or other intellectual property right protection (in the
            United States or elsewhere), and whether or not reduced to practice,
            conceived or developed by Executive while employed with the Company
            or within one (1) year following termination of such employment
            which relate to or result from the actual or anticipated business,
            work, research or investigation of Parent, the Company or any of
            their Affiliates or which are suggested by or result from any task
            assigned to or performed by Executive for Parent, the Company or any
            of their Affiliates.

      (c)   Executive acknowledges that all original works of authorship which
            are made by her (solely or jointly) are works made for hire under
            the United States Copyright Act (17 U.S.C., et seq.).

      (d)   Executive agrees to promptly disclose to the Company all Inventions,
            all original works of authorship and all work product relating
            thereto. This disclosure will include complete and accurate copies
            of all source code, object code or machine-readable copies,
            documentation, work notes, flow-charts, diagrams, test data,
            reports, samples and other tangible evidence or results
            (collectively, "TANGIBLE EMBODIMENTS") of such Inventions, works of
            authorship and work product. All Tangible Embodiments of any
            Invention, work of authorship or work product related thereto will
            be deemed to have been assigned to the Company as a result of the
            act of expressing any Invention or work of authorship therein.

      (e)   Executive hereby assigns to the Company (together with the right to
            prosecute or sue for infringements or other violations of the same)
            the entire worldwide right, title and interest to any such
            Inventions or works made for hire, and Executive

                                       2
<PAGE>

            agrees to perform, during and after employment, all acts deemed
            necessary or desirable by the Company to permit and assist it, at
            the Company's expense, in registering, recording, obtaining,
            maintaining, defending, enforcing and assigning Inventions or works
            made for hire in any and all countries. Executive hereby irrevocably
            designates and appoints the Company and its duly authorized officers
            and agents as Executive's agents and attorneys-in-fact to act for
            and in Executive's behalf and instead of Executive, to execute and
            file any documents and to do all other lawfully permitted acts to
            further the above purposes with the same legal force and effect as
            if executed by Executive; this designation and appointment
            constitutes an irrevocable power of attorney and is coupled with an
            interest.

      (f)   Without limiting the generality of any other provision of this
            SECTION 3, Executive hereby authorizes the Company and each of its
            Affiliates (and their respective successors) to make any desired
            changes to any part of any Invention, to combine it with other
            materials in any manner desired, and to withhold Executive's
            identity in connection with any distribution or use thereof alone or
            in combination with other materials.

      (g)   Pursuant to the Illinois Employee Patent Act, Public Act 83-493,
            this Agreement does not apply to any invention for which no
            equipment, supplies, facility or trade secret information of Parent
            or the Company was used and which was developed entirely on
            Executive's own time, unless (1) the invention relates (a) to the
            business of Parent or the Company or (b) to Parent's or the
            Company's actual demonstrably anticipated research or development;
            or (2) the invention results from any work performed by Executive
            for Parent or the Company.

      (h)   The obligations of Executive set forth in this SECTION 3 (including,
            but not limited to, the assignment obligations) will continue beyond
            the termination of Executive's employment with respect to Inventions
            conceived or made by Executive alone or in concert with others
            during Executive's employment with the Company and during the one
            (1) year thereafter, whether pursuant to this Agreement or
            otherwise. These obligations will be binding upon Executive and
            Executive's executors, administrators and other representatives.

4.    LIST OF PRIOR INVENTIONS. All Inventions which Executive has made prior to
      employment by the Company are excluded from the scope of this Agreement.
      As a matter of record, Executive has set forth on ANNEX I hereto a
      complete list of those Inventions which might relate to Parent's or the
      Company's business and which have been made by Executive prior to
      employment with the Company. Executive represents that such list is
      complete. If no list is attached, Executive represents that there are no
      prior Inventions.

                                       3
<PAGE>

5.    NON-SOLICITATION.

      (a)   Executive will not, during the term of Executive's employment with
            the Company and for two (2) years thereafter (the "RESTRICTED
            PERIOD") (whether as an owner, partner, shareholder, agent, officer,
            director, employee, independent contractor, consultant, or
            otherwise) with or through any individual or entity:

                        i. employ, engage or explicitly solicit for employment
                  any individual who is, or was at any time during the
                  twelve-month period immediately prior to the termination of
                  Executive's employment with the Company for any reason, an
                  employee of Parent, the Company or any of their Affiliates or
                  otherwise seek to adversely influence or alter such
                  individual's relationship with Parent, the Company or any of
                  their Affiliates; or

                        ii. explicitly solicit or encourage any individual or
                  entity that is, or was during the twelve-month period
                  immediately prior to the termination of Executive's employment
                  with the Company for any reason, a customer or vendor of
                  Parent or the Company to terminate or otherwise alter her, her
                  or its relationship with Parent or the Company.

      (b)   The Restricted Period shall be extended for a period equal to any
            time period that Executive is in violation of this SECTION 5.

6.    EQUITABLE REMEDIES. Executive acknowledges and agrees that the agreements
      and covenants set forth in this Agreement are reasonable and necessary for
      the protection of Parent's and the Company's business interests, that
      irreparable injury will result to Parent and the Company if Executive
      breaches any of the terms of said covenants, and that in the event of
      Executive's actual or threatened breach of any such covenants, Parent and
      the Company will have no adequate remedy at law. Executive accordingly
      agrees that, in the event of any actual or threatened breach by Executive
      of any of said covenants, Parent and the Company will be entitled to
      immediate injunctive and other equitable relief, without posting bond or
      other security and without the necessity of showing actual monetary
      damages. Nothing in this SECTION 6 will be construed as prohibiting Parent
      or the Company from pursuing any other remedies available to them for such
      breach or threatened breach, including the recovery of any damages that
      they are able to prove.

7.    NO RIGHT TO EMPLOYMENT. No provision of this Agreement shall give
      Executive any right to continue in the employ of the Company or any of its
      Affiliates, create any inference as to the length of employment of
      Executive, affect the right of the Company or its Affiliates to terminate
      the employment of Executive, with or without cause, or give Executive any
      right to participate in any Executive welfare or benefit plan or other
      program of the Company or any of its Affiliates.

8.    MODIFICATION AND WAIVER. This Agreement may not be modified or amended
      except by an instrument in writing signed by the parties. No term or
      condition of this Agreement will be deemed to have been waived, except by
      written instrument of the party charged with such waiver. No such written
      waiver will be deemed to be a continuing waiver

                                       4
<PAGE>

      unless specifically stated therein, and each such waiver will operate only
      as to the specific term or condition waived and shall not constitute a
      waiver of such term or condition for the future or as to any act other
      than that specifically waived.

9.    SEVERABILITY. Executive acknowledges that the agreements and covenants
      contained in this Agreement are essential to protect Parent, the Company
      and their goodwill. Each of the covenants in this Agreement will be
      construed as independent of any other covenants or other provisions of
      this Agreement. It is the intention and desire of the parties that the
      court treat any provisions of this Agreement which are not fully
      enforceable as having been modified to the extent deemed necessary by the
      court to render them reasonable and enforceable and that the court enforce
      them to such extent.

10.   NOTICES. Any notice, consent, waiver and other communications required or
      permitted pursuant to the provisions of this Agreement must be in writing
      and will be deemed to have been properly given (a) when delivered by hand;
      (b) when sent by telecopier (with acknowledgment of complete
      transmission), provided that a copy is mailed by U.S. certified mail,
      return receipt requested; (c) three (3) days after sent by certified mail,
      return receipt requested; or (d) one (1) day after deposit with a
      nationally recognized overnight delivery service, in each case to the
      appropriate addresses and telecopier numbers set forth below:

            If to the Company:

                  VICORP Restaurants, Inc.
                  c/o Wind Point Partners
                  Suite 3700
                  676 N. Michigan Avenue
                  Chicago, IL 60611
                  Attn:    Michael Solot
                  Fax:     (312) 255-4820

            With a copy to:

                  Sachnoff & Weaver, Ltd.
                  30 South Wacker Drive
                  Suite 2900
                  Chicago, Illinois 60606
                  Attn.: Seth M. Hemming, Esq.
                  Fax:  (312) 207-6400

            If to Executive:

                  Debra Koenig
                  7S710 Donwood Drive
                  Naperville, Illinois   60540

                                       5
<PAGE>

      Each party will be entitled to specify a different address for the receipt
      of subsequent notices by giving written notice thereof to the other party
      in accordance with this SECTION 10.

11.   HEADINGS. The headings and other captions in this Agreement are included
      solely for convenience of reference and will not control the meaning and
      interpretation of any provision of this Agreement.

12.   GOVERNING LAW. This Agreement has been executed in the State of Illinois,
      and its validity, interpretation, performance, and enforcement will be
      governed by the laws of such state, except with respect to conflicts of
      laws principles.

13.   BINDING EFFECT. This Agreement will be binding upon and inure to the
      benefit of Executive, the Company, and their respective successors and
      permitted assigns. The Company will be entitled to assign its rights and
      duties under this Agreement provided that the Company will remain liable
      to Executive should such assignee fail to perform its obligations under
      this Agreement.

14.   NO STRICT CONSTRUCTION. The language used in this Agreement will be deemed
      to be the language chosen by the parties to express their mutual intent,
      and no rule of strict construction will be applied against any person.

                                       6
<PAGE>

      IN WITNESS WHEREOF, the Company has caused this Agreement to be executed
by its duly authorized officer and Executive has signed this Agreement, as of
the date written below.

                                   EXECUTIVE:

Date: June  13 , 2003                /s/ Debra Koenig
                                   --------------------
                                   DEBRA KOENIG

                                   VICORP RESTAURANTS, INC.

                                   By: /s/ Walter Van Benthuysen
                                       ---------------------------------------
                                   Its: Chairman

                                       7

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