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FIRST
AMENDMENT TO THE
FURNITURE BRANDS
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
WHEREAS,
Furniture Brands International, Inc. (“Company”)
previously adopted the Furniture Brands Supplemental Executive
Retirement Plan (Plan”); and
WHEREAS,
the Company reserved the right to amend the Plan pursuant to
Section 7.1; and
WHEREAS,
effective December 31, 2005, the Company desires to amend the
Plan to freeze the Plan and cease benefit accruals thereunder,
except for certain transition benefits provided to participants who
have attained age 50 and completed 10 years of
service;
NOW,
THEREFORE, effective December 31, 2005, the Plan is amended as
follows:
1.
Section 1.9 is amended by adding the following sentence at the
end of the Section:
Effective
December 31, 2005, no additional employees shall become
Participants under this Plan.
2.
The Plan is amended by adding the following Section VIII at
the end of the Plan:
8.1 Except as otherwise specifically provided in
Section 8.2 of this Plan, a Participant’s retirement
benefit (whether payable at Normal Retirement Date, an Early
Retirement Date or a Postponed Retirement Date) payable under
Section III of this Plan, death benefit payable under
Section IV of this Plan and disability benefit payable under
Section V of this Plan shall be frozen at the
amount
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