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Exhibit 10
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 | ||||||||
Jason W. Camp | January 22, 2009 | 1 | 12 mos. | 3 mos. | ||||
$7,500 | ||||||||
John E. Bassett III | January 22, 2009 | 1 | 12 mos. | 3 mos. | ||||
$7,500 | ||||||||
Mark S. Jordan | 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 |