| 1.   | Executive’s      employment has been terminated without cause by Employer effective      November 30, 2009, thereby discontinuing any employer/employee      relationship between the Employer andExecutive. |
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| 2.   | This      Agreement is designed to provide Executive with additional benefits above      and beyond the benefits he is already entitled to receive prior to and      upon his termination in exchange for the consideration from Executive, as      specified below. |
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| 1.   | Termination      Date.  Your termination date will be November 30, 2009      (“Termination Date”).  For purpose of the Consolidated Omnibus      Budget Reconciliation Act (“COBRA”), 29 U.S.C. § 1161 et seq., your      Termination Date shall serve as the “qualifying event” for the purpose of      any rights you might have underCOBRA. |
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| 2.   | Special Severance      Benefits.  Employer agrees to provide you with the      following benefits following your termination of    employment: |
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| a.   | Employer      will continue to pay you your normal salary, as of your Termination Date,      less required and authorized withholdings and deductions, for a period of      two months ($ 41,666.66).  The salary continuation payments will      be made to you no later than January 15, 2010.  The salary      continuation payments described in this sub-paragraph are compensation to      which you would not otherwise be entitled except under the terms of this      Agreement with Employer. |
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| b.   | In      addition to the two-month salary continuation payments described above,      Employer will waive the service vesting requirements under your Deferred      Bonus Agreement though January 31, 2010, thereby entitling you to receive      a payment of $50,000 on January 31, 2010 and a payment of $33,334 on      January 30, 2011.  The $33,334 payment on January 30, 2011 shall      be expressly conditioned on your compliance with the requirements of      Paragraph 8 of this Agreement.  Failure to comply with the      requirements of that paragraph will cause you to forfeit your right to      that payment. |
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| c.   | You      are entitled (in accordance with the provisions of the plan) to your      interest in the Company’s 401(k) Plan; please contact Fidelity Investments      at 800-835-5097 for instructions on distribution or rollover      options. |
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| 3.   | Employee’s      Release.  In consideration for the Special Severance      Benefits set forth above in Paragraph 2, and other consideration set forth      in this Agreement, you agree, on behalf of yourself, heirs, descendants,      executors, administrators, assigns and successors, to waive, release,      covenant not to sue, and forever discharge Employer, its parents,      subsidiaries, affiliates, owners, trustees, officers, directors,      attorneys, agents, employees, shareholders, and each of them individually      or collectively (“Released Parties”), from any and all claims, known or      unknown, liquidated or unliquidated, that you may have relating to or      arising out of your employment with Employer and termination thereof as of      the effective date of this Agreement (the  “Release”). |
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| 4.   | Special Release      Notification.  Paragraph 3 includes a release of all      claims under the Age Discrimination in Employment Act (“ADEA”) and,      therefore, pursuant to the requirements of the ADEA, you acknowledge and      understand the following: (a) you have been advised that this release      includes, but is not limited to, all claims under the ADEA arising up to      and including the date of execution of this release; (b) that you have      been advised to consult with an attorney and/or other advisor of your      choosing concerning your rights and obligations under this release; (c)      that you have been advised to consider fully this release before executing      it; (d) that you have been offered ample time and opportunity, in excess      of twenty-one days, to do so; and (e) that this release shall become      effective and enforceable seven days following your execution of this      Agreement (the “Effective Date”), during which seven day period you may      revoke your acceptance of this Agreement by delivering written notice to      Anne Jacobsen, Vice President of Human Resources, at Hooker Furniture      Corporation, P.O. Box 4708, Martinsville, Virginia  24115. |
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| 5.   | No Other      Payments.  Executive understands and agrees that Employer      and the other Released Parties shall neither make nor cause to be made any      other payments him, his beneficiaries or dependents, or otherwise on his      behalf, except as specifically referenced herein.  Executive      represents and warrants that he has not assigned to any person any of the      claims released herein. |
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| 6.   | Taxes.  To      the extent any taxes may be due on the payments provided in this Agreement      beyond any withheld (including, without limitation, any taxes due under      Code Section 409A), Executive agrees to pay such taxes and to indemnify      and hold Employer and its agents and affiliates harmless for any tax      payments owed, interest, penalties, levies or assessments resulting from      the payments provided hereunder or from any failure by you to pay such      taxes, interest, penalties, levies or  assessments. |
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| 7.   | Company      Property.  Executive acknowledges that you have returned      or will return on or before the Termination Date to Employer all property      of the Employer.  For purposes of this paragraph, “property of      the Employer” includes, but is not limited to, keys, corporate credit      cards, equipment, books, supplies, computer programs, originals and copies      of all corporate documents, including financial records and information,      and any other materials, whether prepared by you or by others, but      excludes anything owned by youindividually. |
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| 8.   | Non-Disparagement.  The      Parties agree that they will not in any way disparage, make statements or      take action that could discredit each other or in any way damage their      respective reputations or ability to do business.  Executive      understands and agrees that Employer is unable to guarantee compliance      with this provision by all employees of Employer, but Employer will take      reasonable steps to ensure that all upper management of Hooker Furniture      Corporation and its subsidiaries have been informed of and will comply      with this non-disparagement provision.  A violation of this      provision constitutes a material breach of the terms of this Agreement and      voids any compensation or benefits provided under the terms of this      Agreement. |
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| 9.   | No      admission.  You understand and agree that Employer has      admitted no liability or obligation to provide any of the consideration      contemplated herein. |
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| 10.   | Severability and      Consequences of Invalid Terms.  Should any portion or      provision of this Agreement be found void or unenforceable for any reason      by a Court of competent jurisdiction, the Court should enforce all      portions and provisions of this Agreement to the maximum extent which      would have been enforceable in the original Agreement.  If such      portion or provision cannot be so modified to be enforceable, the      unenforceable portion shall be deemed severed from the remaining portions      and provisions of this Agreement, which shall otherwise remain in full      force and effect.  If any portion or provision of this Agreement      is so found to be void or unenforceable for any reason in regard of any      one or more persons, entities, or subject matters, such portion or      provision shall remain in full force and effect with respect to all other      persons, entities, and subjectmatters. |
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| 11.   | Complete      Agreement.  This Agreement represents the complete      agreement between Executive and Employer regarding Executive’s employment      and separation of employment and supersedes any prior existent agreements,      whether oral or written.  Notwithstanding the foregoing, this      Agreement is not intended to void any common law duties including, but not      limited to, duties or obligations to maintain confidentiality or refrain      from adverse use of any of Employer’s trade secrets or other confidential      information that you may have acquired in the course of your      employment. |
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| 12.   | Governing Law and      Interpretation.  This Agreement shall in all respects be      interpreted, enforced, and governed by the laws of the Commonwealth of      Virginia.  The language of this Agreement shall be construed as      a whole, according to its fair meaning, and shall not be construed      strictly for or against either of theparties. |
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| 13.   | Understanding and      Authority.  The Parties understand and agree that all      terms of this Agreement are contractual and are not a mere recital, and      represent and warrant that they are competent to covenant and agree as      herein provided.  You understand, agree and represent that the      covenants made herein and the releases herein executed may affect rights      and liabilities of substantial extent and agrees that the covenants and      releases provided herein are in your best interest.  You      represent and warrant that in negotiating and executing this Agreement,      you have had an opportunity to consult with competent legal counsel of      your choosing concerning the meaning and effect of each term and provision      hereof, and that there are no representations, promises, or agreements      between Employer and you other than those referenced or expressly set      forth in writing herein.  The Parties have carefully read this      Agreement in its entirety, fully understand and agree to its terms and      provisions, and intend and agree that it be final and    binding. |
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| 14.   | Counterparts;      Headings.  This Agreement may be executed in a number of      identical counterparts, each of which shall be deemed an original for all      purposes.  The paragraph headings in this Agreement are for      reference and convenience only, and shall not modify or effect its      substantive terms. |
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