Document:

FBN 10Q-Ex.10.5 First Amendment to Form of Change in Control Agreement

Exhibit 10.5

AMENDMENT NO. 1
 TO CHANGE IN CONTROL AGREEMENT

This Amendment No. 1 to Change in Control Agreement (this “Amendment”) is entered into as of ____, 2013, by and between ________________ (“Executive”) and Furniture Brands International, Inc. and any successor to its business and/or assets (“Company”).

WHEREAS, the Executive and Company are party to that certain Change in Control Agreement effective as of January 1, 2011 (the “Agreement”). Unless otherwise specified herein, capitalized terms used in this Amendment shall have the meanings ascribed to them by the Agreement; and 

WHEREAS, the Executive and Company wish to amend the Agreement on the terms and conditions set forth below. 

NOW, THEREFORE, for good and valuable consideration, the adequacy and sufficiency of which are hereby acknowledged, the Company and Executive agree as follows:
1. Amendment to Change in Control Agreement. The Agreement is hereby amended as follows:
(a) Section 2(c) of the Agreement is hereby amended and restated as follows: 
(c)    “Change in Control” means 

(1)    an acquisition by an individual or entity of 35% of the outstanding common stock or voting power of the Company, 

(2)    a contested change of a majority of the non-employee member of the Board of the Company, 

(3)    the consummation of a  merger, sale, acquisition, or other such transaction where the shareholders of the Company immediately prior to such transaction do not own directly or indirectly at least 60% of the outstanding common stock of the Company immediately following such transaction, or 

(4)    shareholder approval of a complete dissolution of the Company (excluding bankruptcy).
2. Effect of Amendment. To the extent not expressly amended hereby, the Agreement shall remain in full force and effect.
3. Governing Law. The parties agree that this Amendment shall be interpreted in accordance with and governed by the laws of the State of Missouri, without regard for any conflict of law principles. Any action concerning this Agreement shall be brought in a court of competent jurisdiction in Saint Louis County, Missouri and each party consents to the venue and jurisdiction of such courts.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date and year first above written.

FURNITURE BRANDS INTERNATIONAL, INC.

By:          
Name:      
Title: 

________________________________________
ExecutiveExhibit101SummarySheetofDirectorCompensation (1)

Exhibit 10.1 
SUMMARY SHEET OF DIRECTOR COMPENSATION 
The following summary sets forth current annual rates of cash and equity compensation for non-management directors, effective immediately following the May 9, 2013 Board meeting. 
 
	
							
	Compensation Item
	 
	Prior 
Compensation
	 
	New 
Compensation

	Cash Compensation
	 
	 
	 
	 
	 
	 

	Board Retainer
	 
	$
	50,000
	 
	$
	50,000

	Audit Committee
	 
	 
	 
	 
	 
	 

	Chair Retainer
	 
	$
	18,000
	 
	$
	18,000

	Member Retainer
	 
	$
	8,000
	 
	$
	8,000

	Compensation Committee
	 
	 
	 
	 
	 
	 

	Chair Retainer
	 
	$
	15,000
	 
	$
	15,000

	Member Retainer
	 
	$
	6,000
	 
	$
	6,000

	Nominating & Corporate Governance Committee
	 
	 
	 
	 
	 
	 

	Chair Retainer
	 
	$
	10,000
	 
	$
	10,000

	Member Retainer
	 
	$
	5,000
	 
	$
	5,000

	Equity Compensation - Restricted Stock or Restricted Stock Units
	 
	 
	 
	 
	 
	 

	Independent Chair Retainer (including Director Retainer)
	 
	$
	290,000
	 
	 
	N/A

	Vice Chair and Lead Director Retainer
	 
	 
	N/A
	 
	$
	250,000

	Director Retainer
	 
	$
	125,000
	 
	$
	125,000

Directors may defer their cash compensation by participating in the Company’s Deferred Compensation Program, Effective as of December 1, 2011 (filed February 24, 2012 as Exhibit 10.13 to the Company’s Form 10-K). 
Directors may receive the equity component of their compensation in restricted stock or restricted stock units (RSUs). In either case, the awards have a 12-month vesting period ending on the day preceding the next annual meeting of shareholders. Vesting accelerates in the event of death, disability or a change in control of the Company. The number of shares is calculated by dividing the dollar value by the closing price of the Company’s stock on the grant date. RSUs are settled in shares of common stock and earn dividend equivalents at a 20% discount to the market price of Company stock on the dividend payment date. Directors may elect to defer settlement of the RSU award for 2 to 10 years after the grant date. 
The Company pays for travel expenses the directors incur to attend Board meetings. 
Our employee directors do not receive additional compensation for their Board service.NYT Exh 10.1_6.30.2013

EXHIBIT 10.1

THE NEW YORK TIMES COMPANY 
SAVINGS RESTORATION PLAN
AMENDMENT NO. 2
THIS INSTRUMENT is made as of the 21st day of November, 2011, by the ERISA Management Committee (the “Committee”) of The New York Times Company (the “Company”).
W I T N E S S E T H
WHEREAS, the Company maintains The New York Times Company Savings Restoration Plan, as amended from time to time (the “Plan”), for the benefit of its eligible employees; and
WHEREAS, pursuant to Section 7.2 of the Plan, the Committee is authorized to adopt administrative amendments that do not result in a change of benefits; and
WHEREAS, the Committee desires to amend the Plan, effective January 1, 2011, to clarify the timing of distributions of amounts credited to Participant Accounts after their Termination from Employment; 
NOW, THEREFORE, the Plan is hereby amended, effective January 1, 2011, as follows:
1.    Section 4.2 of the Plan is hereby amended by adding the following to the end thereof:

“In the event that a Participant’s Account is credited with an Excess Contribution under Section 3.1 after his Account is distributed to him, such Excess Contribution plus interest thereon shall be paid to the Participant within 90 days following the date on which the Excess Contribution is credited to his Account.”

2.    Section 4.3 of the Plan is hereby amended by adding the following to the end thereof:

“In the event that a Participant dies and his Account is credited with an Excess Contribution under Section 3.1 after his Account is distributed to his Beneficiary, such Excess Contribution plus 

interest thereon shall be paid to the Participant’s Beneficiary within 90 days following the date on which the Excess Contribution is credited to his Account.”

IN WITNESS WHEREOF, the Committee has caused this Amendment to be executed by a duly authorized member as of the date first set forth above.

	
				
	ERISA MANAGEMENT COMMITTEE
	 

	 
	 
	 
	 

	By:
	 
	/s/ R. Anthony Benten
	 

	 
	 
	R. Anthony Benten
	 

	 
	 
	Chairman
	 

2NYT Exh 10.2_6.30.2013

EXHIBIT 10.2

THE NEW YORK TIMES COMPANY 
SUPPLEMENTAL EXECUTIVE SAVINGS PLAN
AMENDMENT NO. 3
THIS INSTRUMENT is made as of the 21st day of November, 2011, by the ERISA Management Committee (the “Committee”) of The New York Times Company (the “Company”).
W I T N E S S E T H
WHEREAS, the Company maintains The New York Times Company Supplemental Executive Savings Plan, as amended from time to time (the “Plan”), for the benefit of its eligible employees; and
WHEREAS, pursuant to Section 7.2 of the Plan, the Committee is authorized to adopt administrative amendments that do not result in a change of benefits; and
WHEREAS, the Committee desires to amend the Plan, effective January 1, 2011, to clarify the calculation of certain contribution amounts and the timing of certain distributions; 
NOW, THEREFORE, the Plan is hereby amended, effective January 1, 2011, as follows:
1.    Section 3.1 is hereby amended by adding the following to the end of the second paragraph (regarding Supplemental Contributions to the Account of a Participant who incurred a Separation from Service) thereof:
“In calculating the amount of a Supplemental Contribution to be made to the Account of a Participant who has already incurred a Separation from Service, the Supplemental Contribution shall be limited by Section 4.2, if applicable, with the term “Account” in Section 4.2(b) meaning the sum of the value of the Account as of the date of the Separation from Service, plus the amount of the accrued Supplemental Contribution attributable to the calendar year in which the Participant separated from service.”
2.    Section 3.2 is hereby amended by adding the following to the end of the second paragraph (regarding Transition Credits to the Account of a Participant who incurred a Separation from Service) thereof:

“In calculating the amount of a Transition Credit to be made to the Account of a Participant who has already incurred a Separation from Service, the Transition Credit shall be limited by Section 4.2, if applicable, with the term “Account” in Section 4.2(b) meaning the sum of the value of the Account as of the date of the Separation from Service, plus the amount of the accrued Transition Credit attributable to the calendar year in which the Participant separated from service.”
3.    Section 4.2 is hereby amended by adding the following sentence to the beginning of Section 4.2:
“Notwithstanding anything else herein to the contrary, Section 4.2 shall only apply to Participants who were participants in SERP I on December 31, 2009”
4.    Section 4.3 is hereby amended by deleting the first paragraph thereof and replacing it with the following:
“A Participant who is vested in his Account on the date he incurs a Termination from Employment shall receive a lump sum payment equal to the value of his Account, as adjusted under Section 4.2 of the Plan, if applicable, within 90 days following the date of the Participant’s Termination from Employment.  If such Participant’s Account is credited with a Supplemental Contribution (under Section 3.1) or a Transition Credit (under Section 3.2) after the date of distribution, such additional amount shall be paid to the Participant in a lump sum within 90 days following the date on which such additional amount is credited to the Participant’s Account.” 
IN WITNESS WHEREOF, the Committee has caused this amendment to be executed by a duly authorized member as of the date first set forth above.

	
				
	ERISA MANAGEMENT COMMITTEE
	 

	 
	 
	 
	 

	By:
	 
	/s/ R. Anthony Benten
	 

	 
	 
	R. Anthony Benten
	 

	 
	 
	Chairman
	 

2

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