INDEMNIFICATION AGREEMENTIndemnification Agreement • September 25th, 2008 • Stanley Furniture Co Inc. • Wood household furniture, (no upholstered) • Delaware
This Indemnification Agreement (this “Agreement”) is made and entered into as of September 24, 2008, by and among Stanley Furniture Company, Inc., a Delaware corporation (“Company”), and [Director] (“Indemnitee”).
VOLUNTARY SEPARATION AGREEMENT AND GENERAL RELEASEVoluntary Separation Agreement • September 25th, 2008 • Stanley Furniture Co Inc. • Wood household furniture, (no upholstered) • Virginia
This Voluntary Separation Agreement and General Release (the “Agreement and Release”) is made and entered into this 23rd day of September 2008, by and between Jeffrey R. Scheffer (“Scheffer”) and STANLEY FURNITURE COMPANY, INC., a Delaware corporation (the “Company”). The Company and Scheffer previously entered into an Employment Agreement (the “Employment Agreement”), attached hereto as Exhibit A, on or about April 9, 2001. Except as specifically provided herein, this Agreement and Release supersedes the Employment Agreement. The Company and Scheffer have now mutually agreed that it is in the best interest of both parties that Scheffer terminate his employment in accordance with the terms of this Agreement and Release. To assist Scheffer following his separation from employment, the Company has offered to provide certain benefits to Scheffer, over and above that to which he is presently entitled, in exchange for his promises and general release contained in this Agreement and Release.
