EXHIBIT 10B - BASSETT FURNITURE INDUSTRIES, INC.
EXECUTIVE EMPLOYEE DEFERRED COMPENSATION PLAN
Bassett Furniture Industries, Inc., a Virginia corporation (the "Company"), hereby establishes this Executive
Employee Deferred Compensation Plan (the "Plan"), effective as of November 1, 1984, for the purpose of
promoting in its Executive Employees the strongest interest in the successful operation of the Company and
increased efficiency in their work and to provide benefits upon retirement, death, disability or other termination of
a. Administrative Committee. "Administrative Committee" shall mean the committee appointed pursuant to
Section 5 of the Plan.
b. Age. "Age" shall mean the age of the person as of his last birthdate.
c. Compensation - "Compensation" shall mean a Participant's base salary, and bonus payments for personal
services rendered by a Participant to the Company during a Plan year.
d. Deferred Compensation Agreement. "Deferred Compensation Agreement" shall mean a written agreement
between a Participant and the Company, whereby a Participant agrees to defer a portion of his Compensation
pursuant to the provisions of the Plan, and the Company agrees to make benefit payments in accordance with the
provisions of the Plan.
e. Deferral Period. "Deferral Period" shall mean a forty-eight (48) month period designated in Section 4 of the
Executive Employee Deferred Compensation Agreement.
f. Disability. "Disability" shall mean the Participant's total disability as determined by the Company in its complete
and sole discretion.
g. Disability Benefit. "Disability Benefit" shall mean the amount of disability benefit set forth in the Deferred
h. Executive Employees. "Executive Employees" shall mean all employees of the Company who are designated as
executive employees by the Administrative Committee. A person designated as an Executive Employee shall
remain so until such designation is revoked by the Administrative