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Subsequent Events
3 Months Ended
Oct. 25, 2014
Subsequent Events

8. Subsequent Events

On December 4, 2014, the Board approved the termination of employment of Anthony J. Petrillo as the Company’s Chief Financial Officer, effective as of the close of business on December 5, 2014. In connection with the termination of Mr. Petrillo’s employment with the Company, the Company entered into a Services Consulting Agreement with Mr. Petrillo on December 4, 2014, pursuant to which Mr. Petrillo, following the termination of his employment with the Company, will provide certain financial consulting and other services to the Company relating to the wind down (the “Consulting Agreement”). Under the terms of the Consulting Agreement, Mr. Petrillo will be entitled to receive $2,500 per month, and he will continue to serve as the Company’s Principal Financial Officer and Treasurer on a non-employee basis. Amounts expected to be paid under this consulting agreement are included in the Company’s estimated future compensation cost in the reserve for estimated costs during the Dissolution period as of October 25, 2014.