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Noncompetition Agreement
9 Months Ended
Sep. 24, 2022
Noncompetition Agreement  
Noncompetition Agreement

(3) Noncompetition Agreement

 

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 September 24, 2022 and December 25, 2021, the Company had accrued $0.3 million and $0.3 million, respectively, for the noncompetition agreement. The accrued amount is included in Other liabilities on the balance sheet.