EX-10.2 3 ex_126234.htm EXHIBIT 10.2 ex_126234.htm

Exhibit 10.2

 

AMENDED EMPLOYMENT AGREEMENT

 

THIS AMENDED EMPLOYMENT AGREEMENT is dated as of October 24, 2018, by and between BOWL AMERICA INCORPORATED, hereinafter called “Corporation”, and Cheryl A. Dragoo, hereinafter called “Dragoo.”

 

WITNESSETH:

 

WHEREAS, the Corporation's prior Employment Agreement with Dragoo expired on July 1, 2018; and

 

WHEREAS, the parties desire to enter into a new employment contract to go into effect as of July 2, 2018.

 

NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter contained, the parties hereby agree as follows:

 

1.     The Corporation hereby employs Dragoo, and Dragoo hereby agrees to work for Corporation, for a term of two (2) fiscal years commencing as of July 2, 2018, and expiring at the end of Corporation's then-current fiscal year on June 28, 2020.

 

2.     Dragoo shall serve as Controller, Chief Financial Officer, Senior Vice President and Assistant Treasurer of the Corporation, performing the functions and duties normally performed by a Controller, Chief Financial Officer, Senior Vice President and Assistant Treasurer.

 

3.     Dragoo shall devote her full time and attention to the affairs of the Corporation.

 

4.     The Corporation shall pay Dragoo as remuneration for her services the sum of $180,000 for the fiscal year of the Corporation commencing as of July 2, 2018 and ending on June 28, 2020, to be paid in bi-weekly installments.

 

5.     This Agreement is purely personal with Cheryl A. Dragoo and in the event of her death or total disability during the contract period, this Agreement shall terminate and the obligations of the Corporation to make any further payments shall cease.

 

BOWL AMERICA INCORPORATED ATTEST:
   
   
   
By: /s/Leslie H Goldberg By: /s/ Albert B Young
Leslie H. Goldberg Albert B. Young
President  Assistant Secretary
   
   

/s/ Cheryl A Dragoo 

Cheryl A. Dragoo

Individually