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 Carroll's termination of employment as Chief Marketing Officer and Executive Vice President of Cosi, Inc. (the "Company") on August 26, 2008, the Company entered into a Separation Agreement and General Release (the "Agreement") with Mr. Carroll on September 15, 2008. Pursuant to the Agreement, Mr. Carroll will receive severance payments in the aggregate gross amount of $58,615 less applicable withholding taxes and deductions, which represents twelve weeks' gross salary. All unvested shares of restricted stock held by Mr. Carroll were terminated. Under the Agreement, Mr. Carroll released the Company from any and all claims relating to his employment or otherwise, with limited exceptions. The Agreement also provides that Mr. Carroll will be subject to customary confidentiality and non-competition provisions.