Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) In conjunction with Christopher Ames' termination of employment as Chief Operating Officer of Cosi, Inc. (the "Company") on August 26, 2008, the Company entered into a Separation Agreement and General Release (the "Agreement") with Mr. Ames. Pursuant to the Agreement, Mr. Ames will receive severance payments in the aggregate gross amount of $60,923 less applicable withholding taxes and deductions, which represents twelve weeks' gross salary. All unvested shares of restricted stock held by Mr. Ames were terminated. Under the Agreement, Mr. Ames released the Company from any and all claims relating to his employment or otherwise, with limited exceptions. The Agreement also provides that Mr. Ames will be subject to customary confidentiality and non-competition provisions.