Exhibit 10-H

SUMMARY COMPENSATION
SHEET

The following summarizes certain
compensation decisions taken by the Compensation Committee (the "Committee")
and/or the Board of Directors ("Board") of Shoe Carnival, Inc. (the "Company"),
with respect to the compensation of executive officers.

1. 2009 Base Salary

The Committee did not increase the base
salaries of the Company's executive officers after a review of the Company's
financial performance for fiscal 2008. The following base salaries remain
effective for fiscal 2009:

| |                    |  |                                  |  | Base  
| | ------------------ |  | -------------------------------- |  | ------
| | Name               |  | Title                            |  | Salary
| | Mark L. Lemond     |  | President and Chief Executive    |  | $     
| |                    |  | Officer                          |  |       
| |                   
| | J. Wayne Weaver    |  | Chairman of the Board            |  | $     
| |                   
| | Timothy T. Baker   |  | Executive Vice President -       |  | $     
| |                    |  | Store Operations                 |  |       
| |                   
| | W. Kerry Jackson   |  | Executive Vice President - Chief |  | $     
| |                    |  | Financial Officer and Treasurer  |  |       
| |                   
| | Clifton E. Sifford |  | Executive Vice President -       |  | $     
| |                    |  | General Merchandise Manager      |  |       

2. Grants of Restricted Stock and Stock
Options

No stock options or restricted stock
awards have been granted by the Committee for fiscal 2009.

3. Annual Incentive Compensation for
Fiscal 2009

The Committee reviewed the 2006
Executive Incentive Compensation Plan and determined that realistic performance
targets could not be set at this time given the current economic conditions in
the footwear industry and generally. The Committee therefore suspended the 2006
Executive Incentive Compensation Plan for fiscal 2009. Any bonuses awarded to
the Company's executive officers with respect to fiscal 2009 will be at the
discretion of the Committee based on the Company's performance in fiscal 2009
and other subjective factors.

4. Director's Compensation

The Company pays to non-employee
Directors an annual retainer of $20,000. The Chairman of the Audit Committee
receives additional annual compensation of $7,500. The Chairman of the
Compensation Committee and the Chairman of the Nominating and Corporate
Governance Committee receive additional annual compensation of $5,000 and the
Lead Director receives additional annual compensation of $2,000.

Non-employee Directors receive a per
meeting fee of $1,000 for each meeting of the Board and the accompanying
committee meetings attended and $1,000 for each committee meeting attended in
person in which the full Board does not meet. If the committee meeting is
attended by conference call, the non-employee Directors receive $750. The
Company reimburses all Directors for all reasonable out-of-pocket expenses
incurred in connection with meetings of the Board.

Non-employee Directors will annually
receive restricted shares valued at $17,500 as of the date of grant under the
Company's 2000 Stock Option and Incentive Plan. The restrictions on the shares
lapse on January 2ndof the year
following the year in which the grant was made.

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