BASSETT FURNITURE INDUSTRIES, INCORPORATED
1993 STOCK PLAN FOR NON-EMPLOYEE DIRECTORS, AS AMENDED
1. PURPOSE. This Plan is intended to provide Directors who are not employees of the Company a sense of
proprietorship and personal involvement in the development and financial success of the Company and to
encourage such Directors to remain with and to devote their best efforts to the Company.
2. DEFINITIONS. Whenever used in the Plan, unless the context clearly indicates otherwise, the following terms
shall have the following meanings:
(a) "Award" means an award pursuant to Sections 8 through 10 of the Plan.
(b) "Automatic Award Date" means April 1 of each year.
(c) "Board" or "Board of Directors" means the Board of Directors of the Company.
(d) "Common Stock" means the Common Stock, $5.00 par value, of the Company and any other stock or
securities resulting from the adjustment thereof or substitution therefor as described in Section 11 below.
(e) "Company" means Bassett Furniture Industries, Incorporated, a Virginia corporation, and any corporation
succeeding to the Company's rights and obligations hereunder.
(f) "Compensation" means the annual fee payable by the Company to a Director for a year of service as a
Director without reduction for withholding taxes and exclusive of (i) reimbursement for expenses, (ii) meeting
attendance fees and (iii) the value of any fringe benefits which the Director receives or is entitled to receive as a
Director of the Company.
(f) "Director" means a member of the Board of Directors of the Company who is not a regular employee of the
Company or its subsidiaries.
(h) "Disability" means the condition which results when an individual has become permanently and totally disabled
within the meaning of Section 72(m)(7) of the Internal Revenue Code of 1986.
(i) "Election" means an election to receive an Award made pursuant to Section 9 of the Plan.
(j) "Elective Award" means an award made pursuant to an Election under Section 9 of the Plan.