Document:

Exhibit 10.34c  

THIRD AMENDMENT TO THE 

O’SULLIVAN INDUSTRIES HOLDINGS, INC.
SAVINGS AND PROFIT SHARING PLAN 
(July 1, 1997
Restatement)

        This
Amendment is made by O’Sullivan Industries Holdings, Inc., a Delaware corporation
(the “Employer”). 

        WHEREAS,
the Employer sponsors the O’Sullivan Industries Holdings, Inc. Savings and Profit
Sharing Plan (the “Plan”); and 

        WHEREAS,
pursuant to the terms of the Plan, the Employer reserved the right to amend the Plan from
time to time in its discretion; and 

        WHEREAS,
the Plan was most recently amended and restated in its entirety generally effective as of
July 1, 1997; and 

        WHEREAS,
the Employer desires to amend the Plan to modify the eligibility requirements for
participation and to make certain other administrative changes. 

     
    NOW, THEREFORE, the Plan is amended as follows effective as of February 1, 2005,
except as otherwise set forth herein: 

              
A.         Section 2.19 is hereby amended to read in its entirety as
follows: 

	  	
            2.19
“Entry Date” means the first day of the first scheduled pay period
beginning in any calendar month. 

              
B.        Section 3.01 is amended to read in its entirety as follows: 

	  	
            3.01
Eligibility to Participate. 

          		
              (a)       
               An Employee shall become a Participant in this Plan on the first Entry Date next
               following his date of employment with the Employer or as soon thereafter as may
               be administratively practicable. 

               

          		
              (b)       
               Notwithstanding the preceding provisions of this Section, any individual who was
               a Participant in the Plan on February 1, 2005, shall continue his participation
               as of such date. 

               

              C.       
          Section 3.02 is amended to read as follows: 

	  	
            3.02
Participation Upon Reemployment. 

1 

          		
              (a)       
If a Participant terminates employment and is subsequently reemployed as an
               Employee of an Employer, such Employee shall again become a Participant
               hereunder as of the date of his reemployment and shall be eligible to elect to
               make Employee Pre-Tax Contributions as of the Entry Date next succeeding his
               date of reemployment or as soon thereafter as may be administratively
               practicable. 

               

          		
              (b)       
If an Employee terminates employment before the next following Entry Date (so as
               to not have become a Participant prior to termination) and is subsequently
               reemployed as an Employee of an Employer, such Employee shall commence
               participation hereunder as of the Entry Date next succeeding his date of
               reemployment or as soon thereafter as may be administratively practicable.  

               

     
          D.       
The last paragraph of Section 3.04 is hereby amended to read as follows: 

     
          If
a Limited Participant again becomes an Employee of an Employer, he shall again become an
active Participant as of the date of such transfer or change in employment status and
shall be eligible to elect to make Employee Pre-Tax Contri butions as of the Entry Date
next succeeding such transfer or change in status and election or as soon thereafter as
may be administratively practicable. 

     
          E.       
In all other respects, the Plan shall remain in effect. 

        [The
remainder of this page is intentionally left blank] 

        IN
WITNESS WHEREOF, the Employer has executed this Amendment this 25th day of January, 2005,
but effective as of February 1, 2005. 

	 	 
	 	
               O’SULLIVAN INDUSTRIES HOLDINGS, INC. 
	 	 
	   
           By:       	

          
        
/s/ Robert S. Parker

          
       
  
	   
                  	

          
         
Robert S. Parker

          
          
  
	   
  Title:       	

     
President and Chief Executive Officer

          
          

 

Attest: 

	
          
        
/s/ Rowland H. Geddie, III
          
       
	
          
        
  Rowland H. Geddie, III
          
       
	
          
 
Vice President, General Counsel
          
       
	
          
        
      and SecretaryExhibit 10.34d  

FOURTH AMENDMENT TO THE

O’SULLIVAN INDUSTRIES HOLDINGS, INC.
 SAVINGS AND PROFIT SHARING PLAN 
(July 1, 1997
Restatement)

This Amendment is made by
O’Sullivan Industries Holdings, Inc., a Delaware corporation (the
“Employer”). 

        WHEREAS,
the Employer sponsors the O’Sullivan Industries Holdings, Inc. Savings and Profit
Sharing Plan (the “Plan”); and 

        WHEREAS,
pursuant to the terms of the Plan, the Employer reserved the right to amend the Plan from
time to time in its discretion; and 

        WHEREAS,
the Plan was most recently amended and restated in its entirety generally effective as of
July 1, 1997; and 

        WHEREAS,
the Employer desires to amend the provisions of the Plan relating to mandatory
distributions of small accounts and to make certain other changes. 

        NOW,
THEREFORE, the Plan is amended as follows effective as of May 1, 2005, except as set forth
herein: 

             
A.       
          Section 2.19 is amended to read as follows: 

        
            2.19
“Entry Date” means each business day during a Plan Year. 

         
    B.       
          The last sentence of Section 3.03 is amended to read as follows: 

	  	     
  
A
Participant who fails to elect to make Employee Pre-Tax Contributions when first eligible
may enroll in the Plan in accordance with Section 4.02. 

         
    C.       
          Section 4.02 is amended to read in its entirety as follows: 

	  	     
  
4.02 Change of Election. A Participant may elect to increase or decrease the percentage
of his Compensation to be contributed as Employee PreTax Contributions by notifying the
Committee in the manner designated by and acceptable to the Committee. A
Participant’s change of election shall be implemented as soon as administratively
practicable following receipt of such election. 

             
D.    
          Section 4.03 is amended to read in its entirety as follows: 

	  	      

4.03
Suspension and Recommencement of Contributions. A Participant may elect to suspend
his Employee Pre-Tax Contributions by notifying the 

	  	      
Committee
in the manner designated by and acceptable the Committee. A Participant’s election to
suspend contributions shall be implemented as soon as administratively practicable
following receipt of such election. Following a suspension of contributions of at least
three (3) months, a Participant may again elect to make Employee Pre-Tax Contributions in
accordance with Section 4.02. In the event of a hardship withdrawal by a Participant
pursuant to Section 6.01, the Participant’s Employee Pre-Tax Contributions
hereunder shall be automatically suspended for a period of twelve months (or effective
January 1, 2002, a period of six months. 

             
E.       
          Section 10.06 is amended by adding the following to the end of said Section: 

	  	      
Effective
March 28, 2005, and subject to the administrative grace period set forth in IRS Notice
2005-5 or other applicable guidance, in the event of a mandatory distribution greater than
one thousand dollars ($1,000) pursuant to Section 10.03(f), if the Participant does not
elect to have such distribution paid directly to an eligible retirement plan specified by
the Participant in a direct rollover or to receive the distribution directly in accordance
with the foregoing provisions of this Section, then the Committee will direct payment of
such distribution in the form of a direct rollover to an individual retirement plan
designated by the Committee. 

         
    F.       
          In all other respects, the Plan shall remain in effect. 

        [The
remainder of this page is intentionally left blank] 

        IN
WITNESS WHEREOF, the Employer has executed this Amendment this 4th day of May,
2005, but effective as of the dates set forth herein. 

	 	 
	 	
               O’SULLIVAN INDUSTRIES HOLDINGS, INC. 
	 	 
	   
           By:       	

          
        
/s/ Robert S. Parker

          
       
  
	   
                  	

          
         
Robert S. Parker

          
          
  
	   
  Title:       	

     
President and Chief Executive Officer

          
          

 

Attest: 

	
          
        
/s/ Rowland H. Geddie, III
          
       
	
          
        
  Rowland H. Geddie, III
          
       
	
          
 
Vice President, General Counsel
          
       
	
          
        
      and Secretary
          
       

SUMMARY OF AMENDMENT 

         A.       
          Section 2.19 is amended to allow a participant to join 

        the
plan as of any business day during the year. 

         B.       
          Section 3.03 is amended to allow a participant to enroll 

	  	
in
the plan as of any payroll period during the year. 

         C.       
          Section 4.02 is amended to allow a participant to 

	  	
increase
or decrease a prior deferral election at anytime during the year. 

         D.       
          Section 4.03 is amended to allow a participant to suspen 

	  	
a
prior deferral election at anytime during the year. 

         E.       
          Section 10.06 is amended to provide for automatic 

	  	
rollover
of account balances not exceeding $5,000 but greater than $1,000.Exhibit 10.36 

At Will Employment
Compensation Arrangements for Executive Officers 

        
O’Sullivan does not have employment agreements with any of its executive officers other
than Messrs. Robert S. Parker and Rick A. Walters. It has compensation arrangements with its other
executive officers. The following describes the compensation arrangements for Michael
L. Franks: 

             
Mr. Frank’s at will compensation arrangement includes the following: 

	  	› 	a salary of $160,000 per year; 	  
	  	  	  	  
	  	› 	an automobile allowance of $8,000 per year; 	  
	  	  	  	  
	  	› 	a bonus target of 40% of his salary under O'Sullivan's incentive
compensation plan; 	 
	  	  	  	  
	  	›	the opportunity to participate in employee benefit and employee welfare
               plans, including 	  
	  	  	  	  

	 	›	O’Sullivan’s Savings and Profit Sharing Plan, 	 
	 	›	O’Sullivan’s Deferred Compensation Plan, and	 
	 	›	O’Sullivan’s Welfare Plan, which provides medical and
                dental insurance, life insurance in an amount equal to two times his salary and
                disability insurance;	 
	 	 	 	 

	 	›	three weeks of vacation per year;	 
	 	 	 	 
	 	›	payment by O’Sullivan of professional training and development
                  costs and the costs of dues for professional associations;	 
	 	 	 	 
	 	›	use of a cellular telephone;	 
	 	 	 	 
	 	›	an indemnification agreement in the form previously filed with
                  the Securities and Exchange Commission;	 
	 	 	 	 
	 	›	a termination protection agreement that provides certain benefits
                  in the event of a change in control of O’Sullivan, as described in our
                  annual reports on Form 10-K; and 	 
	 	 	 	 
	 	›	options to purchase 7,500 shares of O’Sullivan Class A common
                  stock (200 shares vested as of June 30, 2005).

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