Schedule of Terms for Employment Continuity Agreements with Certain Executive Officers
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EX-10.M 4 ex_329216.htm EXHIBIT 10M HTML Editor
Exhibit 10M
BASSETT FURNITURE INDUSTRIES, INCORPORATED
SCHEDULE OF TERMS FOR
EMPLOYMENT CONTINUITY AGREEMENTS
WITH CERTAIN EXECUTIVE OFFICERS
| Executive | Date of Agreement | Change in Control Severance Multiplier | Severance Period | Outplacement Services Period and Cost Limit | ||||
| Robert H. Spilman, Jr. | January 22, 2009 | 2 | 18 mos. | 6 mos. | ||||
| $15,000 | ||||||||
| John E. Bassett III | January 22, 2009 | 1 | 12 mos. | 3 mos. | ||||
| $7,500 | ||||||||
| J. Michael Daniel | January 24, 2014 | 1 | 12 mos. | 3 mos. | ||||
| $7,500 | ||||||||
| Bruce R. Cohenour | January 24, 2014 | 1 | 12 mos. | 3 mos. | ||||
| $7,500 |
