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Executive Disability Benefit Agreement

This is an actual contract by Oakwood Homes.

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Sectors: Consumer Products (Durables)
Effective Date: December 31, 1991
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FIRST AMENDMENT
to
AMENDED AND RESTATED
EXECUTIVE DISABILITY BENEFIT AGREEMENT


FIRST AMENDMENT dated as of November 16, 1993 to the AMENDED AND RESTATED EXECUTIVE DISABILITY BENEFIT AGREEMENT dated as of December 31, 1991 (the "Disability Benefit Agreement") by and between OAKWOOD HOMES CORPORATION, a North Carolina corporation with its principal executive offices at Greensboro, North Carolina (the "Company"), and NICHOLAS J. ST. GEORGE, an individual residing at Greensboro, North Carolina (the "Executive").


STATEMENT OF PURPOSE


The Executive is a valued key employee of the Company whose present and future contributions to the success and growth of the Company are significant. The Company believes that it is in the best interest of it and its shareholders to amend the Disability Benefit Agreement to provide that in the event the Executive receives an arbitration award as a result of a dispute arising under the Disability Benefit Agreement, the Corporation shall reimburse the Executive the reasonable fees and disbursements of his counsel.


NOW, THEREFORE, the Company and the Executive hereby agree as follows:


1. Arbitration; Fees. The Company and the Executive hereby acknowledge and agree that Section 16 of the Disability Benefit Agreeme
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