EXHIBIT (10.8)
FIRST AMENDMENT
TO THE
SALARY CONTINUATION AGREEMENT
BY AND BETWEEN
ROWE FURNITURE CORPORATION
AND
ARTHUR H. DUNKIN
This FIRST AMENDMENT (the "First Amendment") to the Salary Continuation Agreement (the "Agreement")
dated December 6, 1984 by and between ROWE FURNITURE CORPORATION, a Nevada Corporation
(the "Company"), and Arthur H. Dunkin ("Dunkin").
WITNESSETH:
WHEREAS, defining "normal retirement age" for purposes of the Agreement by reference to a tax-qualified
retirement plan which has been amended and restated several times and may be amended and restated in the
future appears to be inappropriate; and
WHEREAS, the Company and Dunkin desire to establish a grantor trust, commonly known as a "rabbi trust," to
hold assets sufficient to satisfy the Company's financial obligations in the event of a change in control of the
Company;
NOW THEREFORE, in consideration of the foregoing and the mutual covenants herein, the parties hereby agree
as follows:
1. The second sentence of the initial paragraph of the Agreement shall be and hereby is amended to eliminate the
words, "normal retirement age under the Company's Profit Sharing and Retirement Fund Plan" and to replace
them with the words, "age sixty-five."
2. The second paragraph of the Agreement shall be and hereby is amended to eliminate the words, "normal
retirement age under the Company's Profit Sharing and Retirement Fund Plan" and to replace them with the
words, "age sixty-five."
3. A new paragraph shall be and hereby is added to the conclusion of the Agreement to read as follows:
Notwithstanding anything herein to the contrary, the Company shall enter into a rabbi trust agreement with an
unrelated, federally chartered bank pursuant to which the Company shall initially transfer to such bank cash in a
nominal amount equal to one hundred dollars ($100.00). Such rabbi trust shall be established within thirty days of
the execution of this First Amendment. Such trust may serve as the rabbi trust for other si