Document:

exv10w27

Exhibit 10.27

AMENDMENT NUMBER SEVEN TO THE

GENUINE PARTS COMPANY

TAX-DEFERRED SAVINGS PLAN

     This
Amendment to the Genuine Parts Company Tax-Deferred Savings Plan is adopted by Genuine
Parts Company (the “Company”), effective as of the date set forth
herein.

W I T N E S S E T H:

     WHEREAS, the Company maintains The Genuine Parts Company Tax-Deferred Savings Plan (the
“Plan”), and such Plan is currently in effect;

     WHEREAS, the Company desires to amend the Plan; and

     WHEREAS, pursuant to Section 7.01 of the Plan, the Company has reserved the
right to amend the Plan through action of the Committee:

     NOW, THEREFORE, BE IT RESOLVED that the Plan is hereby amended as
follows:

1.

     Effective
January 1, 2011, Article 1, Section 1.01 is hereby amended as follows:

     The phrase “Genuine Parts Company hereby establishes, as of January 1, 1993, a deferred
compensation plan known as” is deleted from the first line of
Section 1.01 and replaced with the
phrase “Effective January 1, 1993, Genuine Parts Company adopted and established”.

     The phrase “purpose of the Plan is to help the Company retain employees of outstanding
ability” is replaced with the following “plan was amended
from time to time thereafter (the
“Plan”). The Plan allowed Participants to defer all or a portion of their Bonus pursuant to the
terms of the Plan. In addition to a deferral election with respect to Bonuses, effective January 1,
2011, a Participant may elect to defer some or all of the Participant’s Salary.”

2.

     Effective January 1, 2011, Article 2 is hereby amended as follows:

     The definition of the term “Account” is deleted and replaced with “The term used to define
both a Participant’s Bonus Deferral Account and Salary Deferral Account.”

 

 

     The phrase “from the Participant’s Account” is added after the phrase “Any person or
persons designated by a Participant, in accordance with procedures established by the Committee, to
receive benefits” in the definition of the term “Beneficiary”.

     The
phrase “either (1)” is added after the phrase “the Beneficiary shall be the
Participant’s Beneficiary under” in the second sentence in the definition of the term
“Beneficiary”.

     The phrase “or any successor plan” is deleted from the second sentence in the definition of
the term “Beneficiary” and replaced with the following “(if the Participant has an account balance
in the Genuine Partnership Plan) or (2) the Genuine Parts Company 401(k) Savings Plan (if the
Participant has an account balance in the Genuine Parts Company 401(k) Savings Plan). In the event
the Participant has an account balance in both 401(k) plans, the default Beneficiary shall be
determined by reference”.

     The phrase “or salary” is deleted from the definition of the term “Bonus” and is replaced
with the following”, salary, irregular pay, commissions, awards, reimbursements, welfare benefits,
stock grants or gain recognized under any stock or stock based plan.”

     A
new paragraph is added after the definition of the term “Bonus” as follows:

“Bonus Deferral Account. The bookkeeping account to which Bonuses which are
deferred by a Participant shall be recorded and in which income or loss shall be credited
in accordance with the Plan. Prior to January 1, 2011, all Bonuses deferred under the Plan
were accounted for in one Account for each Participant (“Pre-2011 Bonus Deferral Account”)
since such deferred Bonuses will be distributed at the same time and in the same manner
(except as provided in Section 4.05(b)). Beginning on January 1, 2011, a Participant may
elect a different payment date and/or different payment form for each Bonus deferred during
a calendar year (effective with the Bonus earned during the 2011 calendar year).
Accordingly, the Committee shall maintain a different Bonus Deferral Account on behalf of
each Participant for each calendar year beginning on January 1,
2011 (e.g., 2011 Bonus
Deferral Account, 2012 Bonus Deferral Account, etc.)”

     The phrase “and its corporate” in the definition of the term “Company” is deleted
and replaced with the phrase “, its subsidiaries and their corporate”.

     The
definition of the term “Effective Date” is hereby deleted.

     A new sentence is added at the end of the definition of the term “Election Form”, as
follows: “The Committee may designate one form to defer Bonuses under the Plan and designate a
separate form to defer Salary under this Plan.”

     The definition of the term “Executive Committee” is hereby deleted.

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The word “Executive” is deleted from the definition of the term “Key Employee”.

Two new
definitions are added after the definition of the term “Plan” as follows:

“Salary. The annual rate of base salary payable by the Company or its affiliates to the Key
Employee during a calendar year, without reduction for amounts deferred pursuant to this
Plan. No other item of compensation shall be considered Salary
including but not limited
to Bonuses, irregular pay, commissions, awards, incentive compensation, reimbursements,
welfare benefits or income or gain recognized under any stock or stock based plan.

Salary Deferral Account. The bookkeeping account to which Salary which is deferred
by a Participant shall be recorded and in which income or loss shall be credited in
accordance with the Plan. Participants may elect a different payment
date or payment form for each calendar year’s Salary Deferral Account. Accordingly, each
calendar year a different Salary Deferral Account shall be established for each
Participant (e.g., 2011 Salary Deferral Account, 2012 Salary Deferral Account, etc.)”

3.

     Effective January 1, 2011, Article 3 is hereby amended as follows:

     The word “Executive” is deleted from the first sentence of Section 3.01(a).

     The phrase “and/or Salary” is added after the phrase “deferred the receipt of his or her
Bonus” in the last sentence of Section 3.01(a).

     Subsections
3.01(b), 3.01(c), 3.01(d) and 3.01(e) are deleted in their entirety and replaced
with a new Section 3.01(b) as follows:

	 	“(b)	 	Completion of Election Form.

	 	(1)	 	In General. A Key Employee may participate in the
Plan after
delivering a properly completed and signed Election Form to the
Committee.
	 
	 	(2)	 	Bonus Deferral. To defer a Bonus the following shall apply.

	 	(A)	 	The Election Form must be signed and delivered to the
Committee no later than the date that is six months before the end
of the performance period, provided that in no event may such
Election Form be made after such Bonus has become both
substantially certain to be paid and readily

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	 	 	 	ascertainable. The Key Employee’s participation in the
Plan will be retroactively effective as of the first day of the calendar year during which
the Committee receives the Key Employee’s Election Form. The Committee may
establish an earlier deadline than the last day of the six month preceding the
end of the performance period.
	 
	 	(B)	 	Notwithstanding Section 3.01(b)(2)(A), to be eligible to complete an
Election Form, a Key Employee must be
continuously employed by the Company beginning January 1 of the calendar year in
which the Bonus is deferred and continuing until the Key Employee completes an
irrevocable Election Form.
	 
	 	 	 	Example. A Participant desires to defer a portion of his or her 2011 Bonus that
would ordinarily be paid in early 2012. To be eligible to defer the 2011 Bonus,
the Participant must (1) be employed on January 1, 2011, (2) complete the
Election Form on or prior to June 30, 2011 (provided the Bonus is not
substantially certain to be paid and readily ascertainable on or prior to June
30, 2011) and (3) be continuously employed from January 1, 2011 through the date
the Participant completes the Election Form (June 30, 2011 in this example).
	 
	 	(C)	 	An Election Form shall be irrevocable on the deadline
described in Section 3.01(b)(2)(A).
	 
	 	(D)	 	Each calendar year a Participant must complete a new
Election Form pursuant to the rules of this Article 3 to defer a Bonus for such
calendar year. An Election Form in place for one calendar year shall not apply
to a different calendar year.

	 	(3)	 	Salary Deferral. To defer Salary, the following shall apply.

	 	(A)	 	The Election Form must be signed and delivered to the Committee no
later than December 31 preceding the calendar year for which such Salary would be
earned and otherwise paid to the Participant if the election to defer had not been
made. The Committee may establish an earlier deadline than December 31.
	 
	 	 	 	Example. A Participant desires to defer a portion of his or her Salary to be
earned during 2011 and which would ordinarily be paid during 2011. The
Participant must sign

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	 	 	 	and deliver the Election Form to the Committee no later than
December 31, 2010 (or such earlier date as the Committee
determines).
	 
	 	(B)	 	A Participant who first becomes eligible to
participate in
the Plan (or any other plan aggregated with the Plan under
Code Section 409A) during a calendar year may file an
initial election to defer Salary earned during the remaining
calendar year subsequent to making his or her election.
Such election must be made no later than 30 calendar days
after the earlier of (I) the date the Participant first becomes
eligible to participate in the Plan or (II) the date the
Participant first became eligible to participate in a plan that
is aggregated with the Plan under Code Section 409A.
	 
	 	(C)	 	An Election Form shall be irrevocable on the
December 31
deadline described in Section 3.01(b)(3)(A) or the date the
election is made in Section 3.01(b)(3)(B) as applicable.
	 
	 	(D)	 	Unlike a Bonus Deferral, an election made in
this Section
3.01(b)(3) shall remain in effect for the subsequent calendar
year unless the Participant revokes his or her election to
defer Salary prior to the December 31 deadline (or earlier
deadline established by the Committee). The effective date
of the revocation shall be the next January 1 that follows
the Participant’s revocation of the Salary deferral election.
	 
	 	 	 	A Participant makes a timely election to defer 50% of the
Participant’s 2012 Bonus and a timely election to defer 10% of the
Participant’s 2012 Salary. If the Participant fails to execute a
new Election Form prior to the deadline for making a 2013 deferral
election for Bonuses, the Participant will be deemed to have no
deferral election in place for the 2013 Bonus. On the other hand,
if the Participant fails to execute a new Election Form prior to
the deadline for making a 2013 deferral election for Salary, the
Participant will be deemed to have made a timely election to defer
10% of the Participant’s 2013 Salary. If the Participant later
elects to revoke his or her Salary deferral election during 2013,
the effective date of such revocation will be January 1, 2014.”

     Subsection
3.01(f) is renumbered as 3.01(c) and new Subsection 3.01(c) is deleted in
its entirety and replaced with the following:

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	 	“(c)	 	Automatic Termination of Election Form. The Participant’s
Election Form for both Bonus deferrals and Salary deferrals will automatically
terminate at the earliest of (i) the Participant’s Termination of Service, (ii)
Participant’s hardship distribution pursuant to Treas. Reg. Section
1.401(k)-1(d)(3), or (iii) the termination of the Plan in accordance with Code
Section 409A (See Treas. Reg. Section 1.409A-3(j)(4)(ix).
	 
	 	 	 	For example, if a Participant receives a hardship distribution under the terms of
the Genuine Partnership Plan (a plan subject to Code Section 401(k)), the
Participant’s Election Form for both Salary deferral and Bonus deferral applicable
to the calendar year in which the hardship occurred shall automatically terminate.
Following such a hardship, a Participant may not make a new Election Form under
this Plan for six months following the hardship distribution. Accordingly, a
hardship distribution received on April 1, 2012 would terminate the 2012 Election
Form and a new Election Form could not be made until October 1, 2012 (for the 2013
calendar year).”

     
Subsection 3.01(g) is renumbered as 3.01(d) as follows:

	 	“(d)	 	Nothing contained in the Plan shall be deemed to give any Key Employee the
right to be retained as an employee of the Company.”

4.

     Effective
January 1, 2011, Article 4 is hereby amended as
follows:

     The phrase “any whole” is added immediately following the phrase “any dollar
amount or” to the first sentence of Section 4.01.

     The phrase “individual Accounts” found at the end of the second sentence of Section 4.01
is hereby deleted and replaced with “the Participant’s Bonus Deferral Account”.

     Former Section 4.02 (Investments) is renumbered as Section 4.03 and a new Section 4.02
is hereby added as follows:

	“4.02	 	Deferred Salary. A Key Employee may elect to defer any dollar amount of his or her
Salary in accordance with the terms of the Plan and the Election Form. If permitted by the
Committee and communicated to Participants, a Key Employee may elect to defer any whole
percentage of his or her Salary in accordance with the terms of the Plan and the Election
Form. The Committee shall determine if the Key Employee can elect to defer only a specific
dollar amount, to defer only a specific whole percentage or to defer either a specific dollar
amount or a whole

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	 	 	percentage. In no event shall a Participant be entitled to defer more than 100% of his
or her Salary. For bookkeeping purposes, each calendar year the amount of Salary which the
Key Employee elects to defer pursuant to this Plan shall be transferred to and held in the
Participant’s Salary Deferral Account for such calendar year.”

     As noted earlier, old Section 4.02 (investments) is renumbered as Section 4.03. In addition,
the following changes are made to new Section 4.03:

In new Section 4.03(d), the reference to Section 4.02(a) is changed to Section
4.03(a).

In new Section 4.03(e), the phrase “that, in the Trustee’s determination, best preserves
the principal amount of the Participant’s Account” is hereby deleted and replaced with
“determined by the Committee”.

	 	 	Former Section 4.03 (Form of Payment) is hereby deleted and is replaced with Section 4.04
(Commencement of Payment) and Section 4.05 (Form of Payment) as follows:

     “4.04 Commencement of Payment.

	 	(a)	 	Commencement of Payment from Bonus Deferral Accounts. Payment
of Plan benefits from the Participant’s Bonus Deferral Account shall be made as
follows.

	 	(1)	 	Payment of Plan benefits from the Participant’s Pre-2011 Bonus
Deferral Account (see definition of Bonus Deferral Account) shall
commence to be distributed on the first day of the seventh month
following the Participant’s Termination of Service with the
Company. For example, if a Participant has a Termination of
Service on January 12, payment of plan benefits from the
Participant’s Pre-2011 Bonus Deferral Account shall commence on
August 1 (the first day of the seventh month following January 12).
	 
	 	(2)	 	Payment of Plan benefits from the Participant’s Bonus
Deferral
Account other than from the Pre-2011 Bonus Deferral Account
(e.g., the 2011 Bonus Deferral Account, the 2012 Bonus Deferral
Account and so on) shall commence to be distributed on the date
elected by the Participant on the Election Form for such Bonus
Deferral Account and consistent with the provisions of Section
4.04(c). The election must be made at the same time the
Participant completes the Election Form for such Bonus deferral.
Again, the Participant may elect a different commencement date
for each calendar year’s Bonus Deferral Account beginning with

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	 	 	 	the Bonus deferral for the 2011 calendar year (i.e., the bonus that
ordinarily would be paid in early 2012).

	 	(b)	 	Commencement of Payment from Salary Deferral Accounts. Payment of Plan benefits
from each calendar year’s Salary Deferral Account shall commence to be distributed on the date
elected by the Participant on the Election Form for such Salary Deferral Account and
consistent with the provisions of Section 4.04(c). The election must be made at the
same time the Participant completes or is deemed to complete the Election Form for such Salary
deferral. Again, the Participant may elect a different commencement date for each calendar
year’s Salary Deferral Account.
	 
	 	(c)	 	Available Payment Dates for Salary Deferral Accounts and for 2011 and later Bonus
Deferral Accounts. A Participant may elect one of the following dates to commence payment
of the Participant’s Salary Deferral Account and to commence payment of the Participant’s 2011
or later Bonus Deferral Account. A separate election may be made for each calendar year’s
deferral election. In addition, one election can be made for the distribution of a
Participant’s Salary Deferral Account and a different election for the distribution of a
Participant’s Bonus Deferral Account even though both relate to the same calendar year. For
example, the Participant could elect to commence payment of the Participant’s 2012 Salary in
accordance with Section 4.04(c)(1) and elect payment of the Participant’s 2012 Bonus in
accordance with Section 4.04(c)(2).

	 	(1)	 	The Participant’s Termination of Service. If this commencement
date is elected, actual payment of the Participant’s Salary Deferral
Account and Bonus Deferral Account will not commence until first
day of the seventh month following the Participant’s Termination
of Service with the Company. For example, if a Participant has a
Termination of Service on January 12, payment of plan benefits
shall commence on August 1 (the first day of the seventh month
following January 12.
	 
	 	(2)	 	A specific future date elected by the Participant on the Election
Form based on a specific future calendar date or the attainment of a
specific age. The specific future date or age must be at least two years in the
future from the first day of the calendar year for which the deferral relates.
For example, if a Participant made a Salary deferral election for the 2012
calendar year, the earliest payment would be January 1, 2014 (two years from
January 1, 2012).
	 
	 	(3)	 	The Participant’s election to commence payment of his or her
Account shall be irrevocable.”

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	 	“4.05 Form of Payment.

	 	(a)	 	Optional Forms of Payment. The amount of the Participant’s Account shall be
paid to the Participant either in a lump sum or in a number of approximately equal annual
installments designated by the Participant on the Election Form. Such annual installments may
be for 5 years, 10 years or 15 years. If a Participant elects to receive a distribution of his
or her Account in installments, the Committee may purchase an annuity from an insurance
company which annuity will pay the Participant the desired annual installments. If the
Committee purchases an annuity contract, the Key Employee will have no further rights to
receive payments from the Company or the Plan with respect to the amounts subject to the
annuity. If the Committee does not purchase an annuity contract, the amount of the Account
remaining unpaid shall continue to receive allocations of income as
provided in Section 4.03.
If the Participant fails to designate a payment method in the Election Form, the Participant’s
Account shall be distributed in a lump sum.
	 
	 	(b)	 	Payment Form Election for Pre-2011 Bonus Deferral Account.

	 	(1)	 	General Rule. A Participant shall elect one payment form for all
Bonus amounts deferred under this Plan and held in the Pre-2011
Bonus Deferral Account. Such election shall be made on the
Participant’s initial Election Form and is irrevocable for all
subsequent deferrals and Election Forms.
	 
	 	(2)	 	Payment Form Elections Prior to January 1, 2007. Prior to January
1, 2007, a Participant could elect a different payment form for each
Bonus deferred under this Plan. If applicable to a Participant, the
Committee shall establish sub-accounts within a Participant’s Pre-2011 Bonus Deferral Account (to the extent necessary) to identify
the portion of a Participant’s Account that will be distributed in the
form the Participant designated in the Election Form.
	 
	 	(3)	 	2007 Payment Form Election. During 2007, Participants in the
Plan were permitted to change a prior Payment Form pursuant to a transition rule
in Code Section 409A. Such elections were irrevocable. The Payment Form in effect
for such Participants for the 2007 calendar year shall apply to all subsequent
Bonus deferrals under this Plan and held in the Pre-2011 Bonus Deferral Account.

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	 	(c)	 	Payment Form Election for Bonus Deferral Account (other than the Pre-2011 Bonus Deferral Account).

	 	(1)	 	General Rule. For Bonuses to be earned during 2011 and later, A
Participant may elect a different payment form described in Section
4.05(a) for each calendar year’s Bonus Deferral Account. Such
payment form must be elected on the Election Form applicable to
such calendar year’s Bonus Deferral Account.
	 
	 	(2)	 	Irrevocable Election. A Participant’s election of a payment form
for each 2011 or later Bonus Deferral Account is irrevocable and
the Participant may not modify or otherwise revoke the benefit
payment form designated on an Election Form.

	 	(d)	 	Payment Form Election for Salary Deferrals.

	 	(1)	 	General Rule. A Participant may elect a different payment form
described in Section 4.05(a) for each calendar year’s Salary
Deferral Account. Such payment form must be elected on the
Election Form applicable to such calendar year’s Salary Deferral
Account.
	 
	 	(2)	 	Irrevocable Election. A Participant’s election of a payment form
for each Salary Deferral Account is irrevocable and the Participant
may not modify or otherwise revoke the benefit payment form
designated on an Election Form.

	 	(e)	 	Acceleration of Payment. The Committee may involuntarily cash out a
Participant’s interest in this Plan in a single lump sum following the
Participant’s Termination of Service if the following criteria are satisfied:

	 	(1)	 	The Committee determines in writing to involuntarily cash out the
Participant (such writing must be completed before the payment is
distributed).
	 
	 	(2)	 	The payment results in the termination and liquidation of the
Participant’s entire interest under this Plan as well as under any
agreement, program, or arrangement that is aggregated with this
Plan under Treas. Reg. Section 1.409A-1(c)(2); and
	 
	 	(3)	 	The lump sum payment is not greater than the applicable dollar
amount under Code Section 402(g)(1)(B) (the maximum
permissible 401(k) contribution — not including catch-up
contributions).

	 	(f)	 	Payment to Beneficiary. Upon the Participant’s death, all unpaid amounts
held in the Participant’s Account shall be paid to the Participant’s

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Beneficiary in the same benefit payment form the Participant elected on the
applicable Election Form and in accordance with the payment distribution rules set
forth in this Plan. If the Participant had not yet commenced payment of benefits
prior to his or her death, the payment to the Participant’s Beneficiary will
commence to be paid on the first business day of the fourth month following the
Participant’s death.”

     Former Section 4.04 (Financial Hardship) is renumbered as Section 4.06. In addition,
the following change shall be made to new Section 4.06 as follows:

     The fourth (last) sentence in new Section 4.06 is hereby deleted and is replaced with the
following new sentence: “Such payments will be made first from the Participant’s Bonus
Deferral Account and then from the Participant’s Salary Deferral Account; in each case on a
first-in, first-out basis so that the oldest Bonus deferred under the Plan shall be deemed
distributed first in a financial hardship until all deferred Bonuses have been distributed
and then starting with the oldest Salary deferred under the Plan.”

     Former Section 4.05 (Payment to Minors and Incapacitated Persons) is renumbered as
Section 4.07. In addition, the following change shall be made to new Section 4.07 as follows:

     The reference to “Section 4.05” in the last sentence of new Section 4.07 shall be changed
to “Section 4.07”.

     Former Section 4.06 (Application for Benefits) is renumbered as Section 4.08. In addition, the
following change shall be made to new Section 4.08 as follows:

     The reference to “Section 4.06” in the last sentence of new Section 4.08 shall be changed
to “Section 4.08”.

     Former Section 4.07 (Designation of Beneficiary) is renumbered as Section 4.09. No other
changes are made to new Section 4.09.

5.

     Effective January 1, 2011, Article 6 is hereby amended to change the numbering of
Section 6.01 as follows:

     Subsections 6.01(1), (2), (3), (4) and (5) are renumbered as Subsections 6.01(a),
(b), (c), (d) and (e).

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6.

Effective January 1, 2011, Article 8 is hereby amended as follows:

The word “entire” has been added to Section 8.01(a) after the phrase “receive an immediate lump
sum payment of the Participant’s”,

The word “entire” has been added to Section 8.01(b) after the phrase “equal to the unpaid balance
of the Participant’s”.

8.

Effective January 1, 2011, Article 9 is hereby amended as follows:

The second (last) sentence of Section 9.04 is hereby deleted and a new sentence is replaced as
follows:

“If the Committee or the Company request that a Participant, Beneficiary or legal representative
sign a release, (1) the individual must sign such release within 60 days of the Participant’s
Termination of Service or all payments under this Plan shall be deemed forfeited and (2) payment
may not be made earlier than 60 days following the Participant’s Termination of Employment.”

Section 9.06 has been deleted in its entirety.

Section 9.07 has been renumbered to Section 9.06.

Except as amended herein, the Plan shall remain in full force and effect.

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     IN WITNESS WHEREOF, the Pension and Benefits Committee has caused this Amendment
to the Plan to be executed on the date shown below, but effective as of the date indicated
above.

	 	 	 	 	 
	 	PENSION AND BENEFITS COMMITTEE

 	 
	 	By:  	/s/ Frank M. Howard
 	 
	 	 	Name Frank M. Howard 	 
	 	 	Title Senior Vice President and Treasurer	 
	 
	 	Date: November 16, 2010

 	 
	 	 	 
	 	 	 
	 	 	 
	 

Attest:

By: /s/ Linda L. Olvey
 

Date: 11-16-2010

- 13 -exv10w17

Exhibit 10.17

LIGGETT GROUP LLC

100 Maple Lane

Mebane, NC 27302-8160

January 14, 2011

Mr. Ronald J. Bernstein

329 Circle Park Place

Chapel Hill, NC 27517

Dear Ron:

     This letter agreement constitutes an amendment to the Employment Agreement dated as of
November 11, 2005, (the “Agreement”), between Liggett Group Inc. (the “Company”) and Ronald J.
Bernstein (“Executive”). The Company and Executive wish to amend the Agreement as set forth below.
Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed
thereto in the Agreement.

     A. The Agreement is amended in the following respects:

     1. Section 3(f) of the Agreement is deleted and replaced by the following:

     (f) Annual Incentive Compensation. Subject to the approval of the VGR
Senior Executive Incentive Compensation Plan (together with any amendments thereto,
the “Plan”) at VGR’s 2011 annual shareholders’ meeting, during the Contract Term,
Executive shall be entitled to participate in the Plan, including any successor
thereto, commencing with the calendar year ending December 31, 2011, and be eligible
to receive an annual bonus based on a target bonus opportunity of 100% of Salary and
to receive such other long-term incentive awards as may from time to time be awarded
to Executive under the Plan. Annual Bonus payments and any long-term incentive
awards shall be subject to compliance with performance goals determined by the VGR
Compensation Committee in accordance with the Plan.

     2. Exhibit D of the Agreement is deleted in its entirety.

     B. This letter agreement constitutes an amendment to and a modification of the Agreement and
shall for all purposes be considered a part of the Agreement. Except as amended hereby, the
Agreement is confirmed and ratified in all respects and shall remain in full force and effect.

     Please indicate your agreement with the foregoing by countersigning two copies of this letter
agreement in the space provided below and returning one of such copies to us.

Very truly yours,

LIGGETT GROUP INC.

 

 

Mr. Ronald J. Bernstein

January 14, 2011

Page 2

	 	 	 	 	 
	 	 	 
	 	By:  	/s/  John R. Long	 
	 	 	John R. Long 	 
	 	 	Vice President, General Counsel and Secretary 	 
	 

The foregoing letter agreement

is consented and agreed to as

of the date first above written.

			
	By:	 	/s/  Ronald
J. Bernstein
	 	 	Ronald
J. Bernstein

Vector Group Ltd.

(as to Section 3(f) only)

			
	By:	 	/s/  Richard J. Lampen
	 	 	Richard J. Lampen

Executive Vice President

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