Scheduling service shuts down

PROBLEM

The scheduling service will start, but after about 60 seconds it shuts back down. Looking at the Windows event log reveals:

Application: Telerik.TestStudio.ExecutionManagerService.exe
Framework Version: v4.0.30319
Description: The process was terminated due to an unhandled exception.
Exception Info: System.IO.DirectoryNotFoundException

SOLUTION

The solution is to manually delete the files in:

C:\Windows\SysWOW64\config\systemprofile\AppData\Roaming\Telerik\TestStudio\Scheduler\ScheduleStorage