Noncompetition Agreements

6 Months Ended

Jun. 25, 2022

Noncompetition Agreements

Noncompetition Agreements

(3) Noncompetition Agreements

The CEO’s employment agreement provides for him to receive noncompetition payments for a twelve-month period following his termination of employment with USPB.

As of June 25, 2022 and December 25, 2021, the Company had accrued $0.3 million and $0.3 million, respectively, for the noncompetition agreements. The accrued amount is included in Other liabilities on the balance sheet. The table below summarizes the current and long-term portions of the accrued non-compete amounts:

	June 25, 2022		December 25, 2021
	(thousands of dollars)
Current non-compete	$	–	$	–
Long-term non-compete		301		323
Total non-compete	$	301	$	323