<SEC-DOCUMENT>0000018255-11-000019.txt : 20110719
<SEC-HEADER>0000018255-11-000019.hdr.sgml : 20110719
<ACCEPTANCE-DATETIME>20110719171105
ACCESSION NUMBER:		0000018255-11-000019
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110719
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110719
DATE AS OF CHANGE:		20110719

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CATO CORP
		CENTRAL INDEX KEY:			0000018255
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-WOMEN'S CLOTHING STORES [5621]
		IRS NUMBER:				560484485
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0203

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31340
		FILM NUMBER:		11975757

	BUSINESS ADDRESS:	
		STREET 1:		8100 DENMARK ROAD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28273-5975
		BUSINESS PHONE:		7045517352

	MAIL ADDRESS:	
		STREET 1:		8100 DENMARK ROAD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28273-5975

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CATO STORES INC
		DATE OF NAME CHANGE:	19701002
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>cato8kdeferredcompplan.htm
<DESCRIPTION>8-K
<TEXT>

<HTML>
<HEAD>
   <TITLE>cato8kdeferredcompplan.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader1"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">________________________________________________________________________</font></u></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;text-decoration:none;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">UNITED STATES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">WASHINGTON,
 DC 20549</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">__________________</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;">FORM 8-K</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">CURRENT REPORT
PURSUANT TO</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">SECTION 13 OR
15(d) OF THE</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">SECURITIES
EXCHANGE ACT OF 1934</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Date of Report (Date
of earliest event reported):&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">July 13, 2011</font></u></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><u><font face="'Times New Roman'" lang=EN-CA style="font-size:12.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE CATO
CORPORATION&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">(Exact Name of Registrant as Specified in Its Charter)</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Delaware</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">1-31340</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">56-0484485</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (State or Other Jurisdiction &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (Commission
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (IRS Employer</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; of Incorporation)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; File
Number)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Identification No.)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">8100 Denmark Road,
 Charlotte, NC</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">28273-5975</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (Address of Principal Executive Offices) &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (Zip
Code)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><u><font color=black face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(704) 554-8510</font></u></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(Registrant&#8217;s
Telephone Number, Including Area Code)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;</font></u></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Not Applicable</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;(Former Name or Former
Address, if Changed Since Last Report)</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#8301;&#160; Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#8301;&#160; Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a&#8209;12)&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#8301;&#160; Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#8301;&#160; Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></p>









<a name="_bclFooter1"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader2"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Item
5.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On July 13, 2011, the Compensation Committee of the Board of Directors (the &#8220;Compensation Committee&#8221;) of The Cato Corporation (the &#8220;Company&#8221;) adopted The Cato Corporation Deferred Compensation Plan, effective as of July&nbsp;28, 2011 (the &#8220;Plan&#8221;), under which eligible associates (currently those considered highly compensated with compensation in excess of $110,000), and non-employee directors of the Company (&#8220;Participants&#8221;) may defer receipt of a portion of their compensation.&#160; The Plan is intended to provide Participants a comparable level of retirement benefits to those provided to other participants in the Company&#8217;s 401(k) plan who are not affected by the limitations set forth under Section 401(a)(17) of the Internal Revenue Code of 1986, as amended.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Eligible employees may defer up to 50% of their
salaries and up to 100% of their bonuses.&#160; Eligible directors may defer up to
100% of their directors&#8217; fees.&#160; Participants will be vested at all times in the
amounts credited to their accounts under the Plan.&#160; The Plan is administered by
a committee (the &#8220;Plan Committee&#8221;) designated by either the Compensation
Committee or, if authorized by the Compensation Committee, the Company&#8217;s Chief
Executive Officer.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Plan is an &#8220;unfunded&#8221; plan for state and federal tax purposes, and Participants
have the rights of unsecured creditors of the Company with regard to their Plan
accounts.&#160; The Company does not intend to contribute to the Plan or match, in
whole or in part, Participant deferrals to the Plan.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Participants
may elect to receive distributions of their accounts, subject to
Section&nbsp;409A of the Internal Revenue Code</font><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> </font><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">of 1986, as amended, and the limitations set forth in the Plan, either
in a lump sum or in installments, upon (i)&nbsp;the Participant&#8217;s separation
from service with the Company, (ii)&nbsp;a date specified by the Participant,
or (iii)&nbsp;the Participant experiencing an unforeseeable emergency, as
defined in the Plan.&#160; In the event of a Participant&#8217;s death, his or her
designated beneficiary will be entitled to receive the balance of such
Participant&#8217;s Plan account.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
foregoing description of the Plan does not purport to be complete and is
qualified in its entirety by reference to the Plan, which is filed as Exhibit
10.1 hereto, and is incorporated herein by reference.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Financial
Statements and Exhibits.</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Exhibits.</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><u><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Exhibit
No.</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Description</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">10.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Cato Corporation Deferred Compensation Plan</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2</font></b></p>









<a name="_bclFooter2"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader3"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">SIGNATURES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.5in;"><font face="'Times New Roman'" lang=EN-CA style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; THE
CATO CORPORATION</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:483.299957pt;">
 <tr>
  <td valign=top width=29% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" style="font-size:11.0pt;">July 19, 2011</font></p>
  </td>
 <td valign=top width=29% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">/s/ John P. D. Cato</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" style="font-size:11.0pt;">Date</font></p>
  </td>
 <td valign=top width=29% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">John P. D. Cato</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">Chairman, President and</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">Chief Executive Officer</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" style="font-size:11.0pt;">&nbsp;</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" style="font-size:11.0pt;">July 19, 2011</font></p>
  </td>
 <td valign=top width=29% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">/s/ John R. Howe</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" style="font-size:11.0pt;">Date</font></p>
  </td>
 <td valign=top width=29% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% style="border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">John R. Howe</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">Executive Vice President</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" style="font-size:11.0pt;">Chief Financial Officer</font></p>
  </td>
 </tr>
</table></div>

<p align=center style="margin:0in;margin-bottom:12.0pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:12.0pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:12.0pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">3</font></p>




<a name="_bclFooter3"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>catoexhibit101deferredcomppl.htm
<DESCRIPTION>EXHIBIT10.1
<TEXT>

<HTML>
<HEAD>
   <TITLE>catoexhibit101deferredcomppl.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader1"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;letter-spacing:1.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<font lang=EN-US><br clear=ALL>

</font><p style="margin:0in;margin-bottom:.0001pt;"><font style="height:866px;margin-left:95px;margin-top:95px;position:absolute;width:626px;z-index:1;"><img height=866 src="x0x0.gif" width=626></font><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="font-variant:small-caps;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="font-variant:normal !important;"><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:17.5pt;letter-spacing:0pt;line-height:normal;text-transform:uppercase;">The Cato
Corporation</font></font></p>

<p align=center style="font-variant:small-caps;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:5.0pt;text-align:center;"><font style="font-variant:normal !important;"><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:17.0pt;letter-spacing:0pt;line-height:normal;">&nbsp;</font></font></p>

<p align=center style="font-variant:small-caps;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=#993300 style="font-variant:normal !important;"><font color=#993300 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;letter-spacing:0pt;line-height:normal;text-transform:uppercase;">Deferred
Compensation Plan</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Effective July 28,
2011</font></p>









<a name="_bclFooter1"></a><DIV>





<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader2"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article I</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Establishment and Purpose..................................................................................................... 1</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article II </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Definitions............................................................................................................................. 1</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article III</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Eligibility and Participation...................................................................................................... 8</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article IV</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Deferrals............................................................................................................................... 8</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article V</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Benefits............................................................................................................................... 11</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article VI</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Modifications to Payment Schedules.................................................................................... 14</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article VII</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Valuation of Account Balances; Investments......................................................................... 15</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article VIII</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Administration..................................................................................................................... 16</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article IX</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Amendment and Termination................................................................................................ 17</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article X</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Informal Funding.................................................................................................................. 18</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article XI</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Claims................................................................................................................................. 18</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article XII</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; General Provisions............................................................................................................... 20</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>









<a name="_bclFooter2"></a><DIV>





<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader3"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article I</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Establishment
and Purpose</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">The Cato Corporation (the &#8220;Company&#8221;) hereby establishes The
Cato Corporation Deferred Compensation Plan (the &#8220;Plan&#8221;), effective July 28,
2011. The purpose of the Plan is to attract and retain key Employees and
Directors by providing Participants with an opportunity to defer receipt of a
portion of their salary, eligible bonus, Directors&#8217; Fees, and other specified
Compensation, as applicable. The Plan is not intended to meet the qualification
requirements of Code Section 401(a), but it is intended to meet the
requirements of Code Section 409A and shall be operated and interpreted
consistent with that intent. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">The Plan constitutes an unsecured promise by a Participating
Employer to pay benefits in the future. Participants in the Plan shall have the
status of general unsecured creditors of the applicable Participating Employer.
Each Participating Employer shall be solely responsible for payment of the
benefits of its Employees (or Directors) and their Beneficiaries. The Plan is
unfunded for Federal tax purposes and, with respect to Employee-Participants,
is intended to be an unfunded arrangement for Eligible Employees who are part
of a select group of management or highly compensated employees of the Employer
within the meaning of Sections 201(2), 301(a)(3), and 401(a)(1) of ERISA. Any
amounts set aside to defray the liabilities of a Participating Employer under
this Plan will remain the general assets of the Participating Employer and
shall remain subject to the claims of the Participating Employer's creditors
until such amounts are distributed to the Participants.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article II</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Definitions</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.1</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Account</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Account means a bookkeeping account maintained to record
the payment obligation of a Participating Employer to a Participant as
determined under the terms of the Plan. The Committee may maintain an Account
to record the total obligation to a Participant and component Accounts to
reflect amounts payable at different times and in different forms. Reference to
an Account means any such Account established pursuant to the Plan, as the
context requires. Accounts are intended to constitute unfunded obligations
within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.2</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Account Balance</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Account Balance means, with respect to any
Account, the total payment obligation owed to a Participant from such Account
as of the most recent Valuation Date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.3</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Affiliate</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Affiliate means a corporation, trade or business that,
together with the Company, is treated as a single employer under Code Section
414(b) or (c).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.4</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Beneficiary</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Beneficiary means one or more natural persons,
estates, or trusts designated by a Participant to receive payments to which a
Beneficiary is entitled in accordance with provisions of the Plan. The
Participant&#8217;s spouse, if living, otherwise the Participant&#8217;s estate, shall be
the Beneficiary if: (i)&#160;&#160;&#160;&#160; the Participant has failed to properly designate a
Beneficiary, or (ii) all designated Beneficiaries have predeceased the
Participant.<br>
<br>
</font></p>


<a name="_bclFooter3"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 1 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader4"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">A former
spouse shall have no interest under the Plan, as Beneficiary or otherwise,
unless the Participant designates such person as a Beneficiary after
dissolution of the marriage, except to the extent provided under the terms of a
domestic relations order as described in&#160; Code Section 414(p)(1)(B).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.5</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Board</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; Board means the board of directors of the Company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.6</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Business Day</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Business Day means each day on which the New York
Stock Exchange is open for business.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.7</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Change in Control</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Change in Control means, with respect to a
Participating Employer that is organized as a corporation, any of the following
events: (i) a change in the ownership of the Participating Employer, (ii) a
change in the effective control of the Participating Employer, or (iii) a
change in the ownership of a substantial portion of the assets of the
Participating Employer.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">For purposes of this Section, a
change in the ownership of the Participating Employer occurs on the date on
which any one person, or more than one person acting as a group, acquires
ownership of stock of the Participating Employer that, together with stock held
by such person or group constitutes more than 50% of the total fair market
value or total voting power of the stock of the Participating Employer. A
change in the effective control of the Participating Employer occurs on the
date on which either: (i) a person, or more than one person acting as a group,
acquires ownership of stock of the Participating Employer possessing 30% or
more of the total voting power of the stock of the Participating Employer,
taking into account all such stock acquired by such person, or persons, during
the 12-month period ending on the date of the most recent acquisition, or (ii)
a majority of the members of the Participating Employer&#8217;s board of directors is
replaced during any 12-month period by directors whose appointment or election
is not endorsed by a majority of the members of such board of directors prior
to the date of the appointment or election, but only if no other corporation is
a majority shareholder of the Participating Employer. A change in the ownership
of a substantial portion of assets occurs on the date on which any one person,
or more than one person acting as a group, other than a person or group of
persons that is related to the Participating Employer, acquires assets from the
Participating Employer that have a total gross fair market value equal to or
more than 40% of the total gross fair market value of all of the assets of the
Participating Employer immediately prior to such acquisition or acquisitions,
taking into account all such assets acquired during the 12-month period ending
on the date of the most recent acquisition.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">An event constitutes a Change in
Control with respect to a Participant only if the Participant performs services
for the Participating Employer that has experienced the Change in Control, or
the Participant&#8217;s relationship to the affected Participating Employer otherwise
satisfies the requirements of Treas. Reg. Section 1.409A-3(i)(5)(ii). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Notwithstanding anything to the
contrary herein, with respect to a Participating Employer that is a
partnership, Change in Control means only a change in the ownership of the </font><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">partnership or a change in the ownership of a substantial
portion of the assets of the partnership, and the provisions set forth above
respecting such changes relative to a corporation shall be applied by analogy.</font></p>
<a name="_bclFooter4"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 2 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader5"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>


<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">The determination as to the
occurrence of a Change in Control shall be based on objective facts and in
accordance with the requirements of Code Section 409A.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.8</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Claimant</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Claimant means a Participant or Beneficiary filing a
claim under Article XI of this Plan.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.9</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Code</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Code means the Internal Revenue Code of 1986, as amended
from time to time. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.10</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Code Section 409A</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Code Section 409A means Section 409A of the
Code, and regulations and other guidance issued by the Treasury Department and
Internal Revenue Service thereunder. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.11</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Committee</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Committee means the committee appointed by the
Compensation Committee of the Board to administer the Plan. If no designation
is made, the Chief Executive Officer of the Company or his delegate shall have
and exercise the powers of the Committee. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.12</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Company</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Company means The Cato Corporation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.13</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Compensation</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Compensation means an Employee-Participant&#8217;s base
salary and bonus from a Participating Employer, and a Director-Participant&#8217;s
Directors&#8217; Fees, and in either case, such other cash compensation (if any) from
a Participating Employer approved by the Committee as Compensation that may be
deferred under this Plan. Compensation shall not include any compensation that
has been previously deferred under this Plan or any other arrangement subject
to Code Section 409A.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.14</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Compensation Deferral Agreement</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Compensation Deferral Agreement
means an agreement between a Participant and a Participating Employer that
specifies: (i) the amount of each component of Compensation that the
Participant has elected to defer to the Plan in accordance with the provisions
of Article IV, and (ii) the Payment Schedule applicable to one or more
Accounts. The Committee may permit different deferral amounts for each
component of Compensation and may establish a minimum or maximum deferral
amount for each such component. Unless otherwise specified by the Committee in
the Compensation Deferral Agreement, Employee-Participants may defer up to 50%
of their base salary and up to 100% of any bonus, Director-Participants may
defer up to 100% of their Directors&#8217; Fees, and all Participants may defer up to
100% of such other types of Compensation (if any) designated as eligible for
Deferrals by the Committee for a Plan Year. A Compensation Deferral Agreement
may also specify the investment allocation described in Section 7.4.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.15</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Death Benefit</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Death Benefit means the benefit payable under the
Plan to a Participant&#8217;s Beneficiary upon the Participant&#8217;s death as provided in
Section 5.1 of the Plan.</font></p>


<a name="_bclFooter5"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 3 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader6"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.16</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Deferral</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Deferral means a credit to a Participant&#8217;s Account(s)
that records that portion of the Participant&#8217;s Compensation that the
Participant has elected to defer to the Plan in accordance with the provisions
of Article IV. Unless the context of the Plan clearly indicates otherwise, a
reference to Deferrals includes Earnings attributable to such Deferrals.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Deferrals shall be calculated with
respect to the gross cash Compensation payable to the Participant prior to any
deductions or withholdings, but shall be limited to a maximum amount no greater
than 100% of the cash Compensation of the Participant remaining after deduction
of all required income and employment taxes, 401(k) and other employee benefit
deductions, and other deductions required by law. Changes to payroll
withholdings that affect the amount of Compensation being deferred to the Plan
shall be allowed only to the extent permissible under Code Section 409A.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.17</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Director</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; Director means a non-employee member of the Board.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.18</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Directors&#8217; Fees</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; Directors&#8217; Fees means annual cash retainer and
meeting fees payable to a Director for service on the Board and committees of
the Board, but excludes payments or reimbursements related to expenses.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.19</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Earnings.</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> Earnings means an adjustment to the value of an Account
in accordance with Article VII.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.20</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Effective Date</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; Effective Date means July 28, 2011.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.21</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Eligible Employee</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; Eligible Employee means a member of a &#8220;select
group of management or highly compensated employees&#8221; of a Participating
Employer within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of
ERISA, as determined by the Committee (or its authorized delegate) from time to
time in its sole discretion.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.22</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Employee</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Employee means a common-law employee of an Employer.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.23</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Employer</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; Employer means, with respect to Employees it employs,
the Company and each Affiliate.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.24</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">ERISA</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; ERISA means the Employee Retirement Income Security Act
of 1974, as amended from time to time.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.25</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Fiscal Year Compensation</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; Fiscal Year Compensation means
Compensation earned during one or more consecutive fiscal years of a
Participating Employer, all of which is paid after the last day of such fiscal
year or years.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.26</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Participant</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Participant means an Eligible Employee or Director
who has received notification of his or her eligibility to defer Compensation
under the Plan under Section 3.1 and any other person with an Account Balance
greater than zero, regardless of </font><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">whether such
individual continues to be an Eligible Employee or Director. Participants may
be referred to as &#8220;Employee-Participants,&#8221; which means Participants who are
also Employees, and &#8220;Director-Participants,&#8221; which means Participants who are
also Directors, when the context so requires. &#160;A Participant&#8217;s continued
participation in the Plan shall be governed by Section 3.2 of the Plan.</font></p>
<a name="_bclFooter6"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 4 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader7"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.27</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Participating Employer</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Participating Employer means the Company
and each Affiliate that adopts the Plan with the permission of the Company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.28</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Payment Schedule</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Payment Schedule means the payment date as
specified in Section 5.1 and the form in which payment of such Account will be
made as specified in Section 5.2.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.29</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Performance-Based Compensation</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Performance-Based Compensation
means Compensation where the amount of, or entitlement to, the Compensation is
contingent on the satisfaction of pre-established organizational or individual
performance criteria relating to a performance period of at least 12
consecutive months. Organizational or individual performance criteria are
considered pre-established if established in writing by not later than 90 days
after the commencement of the period of service to which the criteria relate,
provided that the outcome is substantially uncertain at the time the criteria
are established. The determination of whether Compensation qualifies as
&#8220;Performance-Based Compensation&#8221; will be made in accordance with Treas. Reg.
Section 1.409A-1(e) and subsequent guidance.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.30</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Plan</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Generally, the term Plan means &#8220;The Cato Corporation
Deferred Compensation Plan&#8221; as documented herein and as may be amended from
time to time hereafter. However, to the extent permitted or required under Code
Section 409A, the term Plan may in the appropriate context also mean a portion
of the Plan that is treated as a single plan under Treas. Reg. Section
1.409A-1(c), or the Plan or portion of the Plan and any other nonqualified
deferred compensation plan or portion thereof that is treated as a single plan
under such Section. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.31</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Plan Year</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Plan Year means January 1 through December 31. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.32</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Retirement/Termination Account</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; Retirement/Termination Account
means an Account established to record the amounts payable to a Participant
upon Separation from Service. Unless the Participant has established a
Specified Date Account, all Deferrals shall be allocated to a
Retirement/Termination Account on behalf of the Participant. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.33</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Separation from Service.</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160; Separation from Service means, as
applicable, (i) an Employee&#8217;s termination of employment with the Employer or
(ii) a Director&#8217;s ceasing to be a member of the applicable board of directors
and the expiration of all contracts with the Employer under which services are
performed, provided the contractual relationship has in good faith been
completely terminated.&#160; Whether a Separation from Service has occurred shall be
determined by the Committee in accordance with Code Section 409A.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


<a name="_bclFooter7"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 5 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader8"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Except in
the case of an Employee on a bona fide leave of absence as provided below, an
Employee is deemed to have incurred a Separation from Service if the Employer
and the Employee reasonably anticipated that the level of services to be
performed by the Employee after a certain date would be reduced to 20% or less
of the average services rendered by the Employee during the immediately
preceding 36-month period (or the total period of employment, if less than 36
months), disregarding periods during which the Employee was on a bona fide
leave of absence.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">An Employee who is absent from work
due to military leave, sick leave, or other bona fide leave of absence shall
incur a Separation from Service on the first date immediately following the
later of: (i) the six month anniversary of the commencement of the leave, or
(ii) the expiration of the Employee&#8217;s right, if any, to reemployment under
statute or contract. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">If a Participant is both a Director
and an Employee, the services provided as a Director shall be disregarded in
determining whether there has been a Separation from Service as an Employee,
and the services provided as an Employee shall be disregarded in determining
whether there has been a Separation from Service as a Director, provided the
portion of the Plan in which the Participant participates as a Director is
substantially similar to arrangements covering non-Employee Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">For purposes of determining whether
a Separation from Service has occurred, the Employer means the Employer as
defined in Section 2.23 of the Plan, except that in applying Code Sections
1563(a)(1), (2) and (3) for purposes of determining whether another
organization is an Affiliate of the Company under Code Section 414(b), and in
applying Treas. Reg. Section 1.414(c)-2 for purposes of determining whether
another organization is an Affiliate of the Company under Code Section 414(c),
&#8220;at least 50 percent&#8221; shall be used instead of &#8220;at least 80 percent&#8221; each place
it appears in those sections.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">The Committee specifically reserves
the right to determine whether a sale or other disposition of substantial
assets to an unrelated party constitutes a Separation from Service with respect
to a Participant providing services to the seller immediately prior to the
transaction and providing services to the buyer after the transaction. Such
determination shall be made in accordance with the requirements of Code Section
409A.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.34</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Specified Date Account</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Specified Date Account means an Account
established by the Committee to record the amounts payable at a future date as
specified in the Participant&#8217;s Compensation Deferral Agreement. Unless
otherwise determined by the Committee, a Participant may maintain no more than
five Specified Date Accounts. A Specified Date Account may be identified in
enrollment materials and/or websites as an &#8220;In-Service Account&#8221; or such other
name as established by the Committee without affecting the meaning thereof.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.35</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Specified Date Benefit</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Specified Date Benefit means the benefit
payable to a Participant under the Plan in accordance with Section 5.1(c) of
the Plan. </font></p>


<a name="_bclFooter8"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 6 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader9"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.36</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Specified Employee</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Specified Employee means an Employee who, as
of the date of his or her Separation from Service, is a &#8220;key employee&#8221; of the
Company or any Affiliate, any stock of which is actively traded on an
established securities market or otherwise. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">An Employee is a key employee if he
or she meets the requirements of Code Section 416(i)(1)(A)(i), (ii), or (iii)
(applied in accordance with applicable regulations thereunder and without
regard to Code Section 416(i)(5)) at any time during the 12-month period ending
on the Specified Employee Identification Date. Such Employee shall be treated
as a Specified Employee for the entire 12-month period beginning on the
Specified Employee Effective Date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">For purposes of determining whether
an Employee is a Specified Employee, the compensation of the Employee shall be
determined in accordance with the definition of compensation provided under
Treas. Reg. Section 1.415(c)-2(d)(2) (wages, salaries, fees for professional
services, and other amounts received for personal services actually rendered in
the course of employment with the employer maintaining the plan, to the extent
such amounts are includible in gross income or would be includible but for an
election under Sections 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k) or
457(b), including the earned income of a self-employed individual); provided,
however, that, with respect to a nonresident alien who is not a Participant in
the Plan, compensation shall not include compensation that is not includible in
the gross income of the Employee under Code Sections 872, 893, 894, 911, 931
and 933, provided such compensation is not effectively connected with the
conduct of a trade or business within the United States.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Notwithstanding anything in this
paragraph to the contrary: (i) if a different definition of compensation has
been designated by the Company with respect to another nonqualified deferred
compensation plan in which a key employee participates, the definition of
compensation shall be the definition provided in Treas. Reg. Section
1.409A-1(i)(2), and (ii) the Company may through action that is legally binding
with respect to all nonqualified deferred compensation plans maintained by the
Company, elect to use a different definition of compensation. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">In the event of corporate
transactions described in Treas. Reg. Section 1.409A-1(i)6), the identification
of Specified Employees shall be determined in accordance with the default rules
described therein, unless the Employer elects to utilize the available
alternative methodology through designations made within the timeframes
specified therein.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.37</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Specified Employee Identification Date</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Specified Employee
Identification Date means December 31, unless the Employer has elected a
different date through action that is legally binding with respect to all
nonqualified deferred compensation plans maintained by the Employer.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.38</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Specified Employee Effective Date</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Specified Employee Effective
Date means the April 1 following the Specified Employee Identification Date, or
such earlier date as is selected by the Committee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


<a name="_bclFooter9"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 7 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_10"></a><a name="_bclPageBorder10"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader10"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.39</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Substantial Risk of Forfeiture</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Substantial Risk of Forfeiture
means the description specified in Treas. Reg. Section 1.409A-1(d).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.40</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Termination Benefit</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Termination Benefit means the benefit
payable to a Participant under the Plan following the Participant&#8217;s Separation
from Service as provided in Article V hereof.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.41</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Unforeseeable Emergency</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Unforeseeable Emergency means a severe
financial hardship to the Participant resulting from an illness or accident of
the Participant, the Participant&#8217;s spouse, the Participant&#8217;s dependent (as
defined in Code Section 152, without regard to Sections 152(b)(1), (b)(2), and
(d)(1)(B)) or a Beneficiary, loss of the Participant&#8217;s property due to casualty
(including the need to rebuild a home following damage to a home not otherwise
covered by insurance, for example,&#160; as a result of a natural disaster), or
other similar extraordinary and unforeseeable circumstances arising as a result
of events beyond the control of the Participant. The types of events which may
qualify as an Unforeseeable Emergency may be limited by the Committee. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.42</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Valuation Date</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Valuation Date means each Business Day.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">2.43</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Year of Service</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Year of Service means each 12-month period of
continuous service with the Employer.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article III</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Eligibility
and Participation</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">3.1&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Eligibility
and Participation</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. An Eligible Employee or Director becomes a Participant
upon the notification of eligibility to participate.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">3.2&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Duration</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.
A Participant shall be eligible to defer Compensation, subject to the terms of
the Plan, for as long as such Participant remains an Eligible Employee or a Director.
A Participant who is no longer an Eligible Employee or a Director but has not
incurred a Separation from Service may not defer Compensation under the Plan
beyond the Plan Year in which he or she became ineligible but may otherwise
exercise all of the rights of a Participant under the Plan with respect to his
or her Account(s). On and after a Separation from Service, a Participant shall
remain a Participant as long as his or her Account Balance is greater than zero
(0), and during such time may continue to make allocation elections as provided
in Section 7.4. An individual shall cease being a Participant in the Plan when
all benefits under the Plan to which he or she is entitled have been paid.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article IV</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Deferrals</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">4.1</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Deferral Elections, Generally</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


<a name="_bclFooter10"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 8 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_11"></a><a name="_bclPageBorder11"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader11"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Form</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; A Participant may elect to make
a Deferral of Compensation by submitting a Compensation Deferral Agreement
during the enrollment period(s) established by the Committee and in the manner
specified by the Committee, but in any event, in accordance with Section 4.2. A
Compensation Deferral Agreement that is not timely filed with respect to a
service period or component of Compensation shall be considered void and shall
have no effect with respect to such service period or Compensation. A
Participant or the Committee may modify any Compensation Deferral Agreement
prior to the date the election becomes irrevocable under the rules of Section
4.2.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Allocation</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160;
The Participant shall specify on his or her Compensation Deferral Agreement the
amount of Deferrals and whether to allocate Deferrals to a
Retirement/Termination Account or to a Specified Date Account. If no
designation is made, Deferrals shall be allocated to the Retirement/Termination
Account. A Participant may also specify in his or her Compensation Deferral
Agreement the Payment Schedule applicable to his or her Plan Accounts. If the
Payment Schedule is not specified in a Compensation Deferral Agreement, the
Payment Schedule shall be the Payment Schedule specified in Section 5.2.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">4.2&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Timing Requirements for Compensation Deferral
Agreements</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(a)</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; First
Year of Eligibility.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> If authorized by the Committee, in the case of the
first year in which an Eligible Employee or a Director becomes eligible to
participate in the Plan, he or she has up to 30 days following his or her
initial eligibility to submit a Compensation Deferral Agreement with respect to
Compensation to be earned during such year. The Compensation Deferral Agreement
described in this paragraph becomes irrevocable upon the end of such 30-day
period. Whether an Eligible Employee or a Director may file a Compensation
Deferral Agreement under this paragraph shall be determined in accordance with
the rules of Code Section 409A, including the provisions of Treas. Reg. Section
1.409A-2(a)(7).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; A
Compensation Deferral Agreement filed under this paragraph applies to
Compensation earned on and after the date the Compensation Deferral Agreement
becomes irrevocable.<br>
<br>
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(b)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Prior Year Election.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> Except as otherwise provided in this Section
4.2, Participants may defer Compensation by filing a Compensation Deferral
Agreement no later than December 31 of the year prior to the year in which the
Compensation to be deferred is earned. A Compensation Deferral Agreement
described in this paragraph shall become irrevocable with respect to such
Compensation as of January 1 of the year in which such Compensation is earned.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(c)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Performance-Based Compensation.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> If authorized by the Committee,
Participants may file a Compensation Deferral Agreement with respect to
Performance-Based Compensation no later than the date that is six months before
the end of the performance period, provided that:</font></p>


<a name="_bclFooter11"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 9 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_12"></a><a name="_bclPageBorder12"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader12"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the
Participant performs services continuously from the later of the beginning of
the performance period or the date the criteria are established through the
date the Compensation Deferral Agreement is submitted; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; the
amount of the Performance-Based Compensation is not readily ascertainable as of
the date the Compensation Deferral Agreement is filed.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">A Compensation Deferral Agreement
becomes irrevocable with respect to Performance-Based Compensation as of the
day immediately following the latest date for filing such election. Any
election to defer Performance-Based Compensation that becomes payable as a
result of the Participant&#8217;s death or disability (as defined in Treas. Reg.
Section 1.409A-1(e)) or upon a Change in Control (as defined in Treas. Reg.
Section 1.409A-3(i)(5)) prior to the satisfaction of the performance criteria,
will be void.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(d)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Fiscal Year Compensation.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> If authorized by the Committee, a
Participant may defer Fiscal Year Compensation by filing a Compensation
Deferral Agreement prior to the first day of the fiscal year or years in which
such Fiscal Year Compensation is earned. The Compensation Deferral Agreement described
in this paragraph becomes irrevocable on the first day of the fiscal year or
years to which it applies.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(e)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Short-Term Deferrals.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> If authorized by the Committee,
Compensation that meets the definition of a &#8220;short-term deferral&#8221; described in
Treas. Reg. Section 1.409A-1(b)(4) may be deferred in accordance with the rules
of Article VI, applied as if the date the Substantial Risk of Forfeiture lapses
is the date payments were originally scheduled to commence, provided, however,
that the provisions of Section 6.3 shall not apply to payments attributable to
a Change in Control (as defined in Treas. Reg. Section 1.409A-3(i)(5)).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(f)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Certain Forfeitable Rights.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> If authorized by the Committee, with
respect to a legally binding right to a payment in a subsequent year that is
subject to a Substantial Risk of Forfeiture requiring the Participant&#8217;s
continued services for a period of at least 12 months from the date the
Participant obtains the legally binding right, an election to defer such
Compensation may be made on or before the 30<sup>th</sup> day after the
Participant obtains the legally binding right to the Compensation, provided
that the election is made at least 12 months in advance of the earliest date at
which the forfeiture condition could lapse. The Compensation Deferral Agreement
described in this paragraph becomes irrevocable after such 30<sup>th</sup> day.
If the Substantial Risk of Forfeiture applicable to the payment lapses before
the end of the required service period as a result of the Participant&#8217;s death
or disability (as defined in Treas. Reg. Section 1.409A-3(i)(4)) or upon a
Change in Control (as defined in Treas. Reg. Section 1.409A-3(i)(5)), the
Compensation Deferral Agreement will be void unless it would be considered
timely under another rule described in this Section.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


<a name="_bclFooter12"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 10 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_13"></a><a name="_bclPageBorder13"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader13"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(g)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Company Awards.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> Participating Employers may unilaterally provide
for deferrals of Company awards prior to the date of such awards. Deferrals of
Company awards (such as sign-on, retention, or severance pay) may be negotiated
with a Participant prior to the date the Participant has a legally binding
right to such Compensation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">4.3&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Allocation
of Deferrals</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. A Compensation Deferral Agreement may allocate Deferrals to
one or more Specified Date Accounts and/or to the Retirement/Termination
Account. The Committee may, in its discretion, establish a minimum deferral
period for Specified Date Accounts (for example, the third Plan Year following
the year Compensation subject to the Compensation Deferral Agreement is
earned). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">4.4&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Deductions
from Pay</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. The Committee has the authority to determine the payroll
practices under which any component of Compensation subject to a Compensation
Deferral Agreement will be deducted from a Participant&#8217;s Compensation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">4.5&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Vesting</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.
Participant Deferrals shall be 100% vested at all times.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">4.6&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Cancellation
of Deferrals</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. The Committee may cancel a Participant&#8217;s Deferrals: (i) for
the balance of the Plan Year in which an Unforeseeable Emergency occurs; (ii)
if the Participant receives a hardship distribution under the Employer&#8217;s qualified
401(k) plan, through the end of the Plan Year in which the six month
anniversary of the hardship distribution falls; and (iii) during periods in
which the Participant is unable to perform the duties of his or her position or
any substantially similar position due to a mental or physical impairment that
can be expected to result in death or last for a continuous period of at least
six months, provided cancellation occurs by the later of the end of the taxable
year of the Participant or the 15<sup>th</sup> day of the third month following
the date the Participant incurs the disability (as defined in this subparagraph
(iii)). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article V</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Benefits</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">5.1&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Benefits,
Generally</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. A Participant shall be entitled to the following benefits under
the Plan:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(a)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Termination Benefit.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> Upon a Participant&#8217;s Separation from Service
for reasons other than death, he or she shall be entitled to a Termination
Benefit. The Termination Benefit shall be equal to the vested portion of the
Retirement/Termination Account, based on the value of that Account as of the
end of the month in which Separation from Service occurs or such later date as
the Committee, in its sole discretion, shall determine. Payment of the
Termination Benefit will be made or begin on the first day of the month
following the month in which Separation from Service occurs, provided, however,
that with respect to a Participant who is a Specified Employee as of the date
such Participant incurs a Separation from Service, payment will be made or
begin on the first day of the seventh month following the month in which such
Separation from Service </font><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">occurs. If the Termination
Benefit is to be paid in the form of installments, any subsequent installment
payments to a Specified Employee will be paid on the anniversary of the date
the initial installment was made.</font></p>
<a name="_bclFooter13"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 11 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_14"></a><a name="_bclPageBorder14"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader14"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>


<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(b)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Specified Date Benefit.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> If the Participant has established one or
more Specified Date Accounts, he or she shall be entitled to a Specified Date
Benefit with respect to each such Specified Date Account. The Specified Date
Benefit shall be equal to the vested portion of the Specified Date Account,
based on the value of that Account as of the end of the month designated by the
Participant at the time the Account was established. Payment of the Specified
Date Benefit will be made or begin on the first day of the month following the
month designated by the Participant.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(c)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Death Benefit.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> In the event of the Participant&#8217;s death, his or
her designated Beneficiary shall be entitled to a Death Benefit. The Death
Benefit shall be equal to the Retirement/Termination Account and any unpaid
balances in any Specified Date Accounts. The Death Benefit shall be based on
the value of the Accounts as of the end of the month in which death occurred,
with payment made in the following month. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(d)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Unforeseeable Emergency Payments.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> A Participant who experiences
an Unforeseeable Emergency may submit a written request to the Committee to
receive payment of all or any portion of his or her vested Accounts. Whether a
Participant or Beneficiary is faced with an Unforeseeable Emergency permitting
an emergency payment shall be determined by the Committee based on the relevant
facts and circumstances of each case, but, in any case, a distribution on
account of Unforeseeable Emergency may not be made to the extent that such emergency
is or may be reimbursed through insurance or otherwise, by liquidation of the
Participant&#8217;s assets, to the extent the liquidation of such assets would not
cause severe financial hardship, or by cessation of Deferrals under this Plan.
If an emergency payment is approved by the Committee, the amount of the payment
shall not exceed the amount reasonably necessary to satisfy the need, taking
into account the additional compensation that is available to the Participant
as the result of cancellation of deferrals to the Plan, including amounts
necessary to pay any taxes or penalties that the Participant reasonably
anticipates will result from the payment. The amount of the emergency payment
shall be subtracted first from the vested portion of the Participant's
Retirement/Termination Account until depleted and then from the vested
Specified Date Accounts, beginning with the Specified Date Account with the
latest payment commencement date. Emergency payments shall be paid in a single
lump sum within the 90-day period following the date the payment is approved by
the Committee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">5.2&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Form
of Payment</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(a)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Termination Benefit.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> Except as provided in subsections (d) and
(e) hereof, a Participant who is entitled to receive a Termination Benefit
shall receive payment </font><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">of such benefit in a single lump
sum, unless the Participant elects on his or her applicable Compensation
Deferral Agreement to have such benefit paid in one of the following
alternative forms of payment (i) substantially equal annual installments over a
period of two to fifteen years, as elected by the Participant, or (ii) a lump
sum payment of a percentage of the balance in the Retirement/Termination
Account, with the balance paid in substantially equal annual installments over
a period of two to fifteen&#160; years, as elected by the Participant.</font></p>
<a name="_bclFooter14"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 12 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_15"></a><a name="_bclPageBorder15"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader15"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>


<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(b)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Specified Date Benefit.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> The Specified Date Benefit shall be paid
in a single lump sum, unless the Participant elects on the Compensation
Deferral Agreement with which the account was established to have the Specified
Date Account paid in substantially equal annual installments over a period of
two (2) to five (5) years, as elected by the Participant. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Notwithstanding any election of a
form of payment by the Participant, upon a Separation from Service for any
reason including death the unpaid balance of any Specified Date Accounts shall
be paid in a single lump sum.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(c)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Death Benefit.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> A designated Beneficiary who is entitled to
receive a Death Benefit shall receive payment of such benefit in a single lump
sum.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(d)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Change in Control.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> A Participant will receive his or her
Termination Benefit in a single lump sum payment equal to the unpaid balance of
all of his or her Accounts if Separation from Service occurs within 24 months
following a Change in Control.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">A Participant or Beneficiary
receiving installment payments when a Change in Control occurs will receive the
remaining account balance in a single lump sum within 90 days following the
Change in Control. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(e)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Small Account Balances.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> The Committee may require that payment of
the Participant&#8217;s Accounts be made in a single lump sum if upon the applicable
Valuation Date preceding the payment date for the Participant&#8217;s Account, the
value of such benefit is not greater than the applicable dollar amount under
Code Section 402(g)(1)(B), provided the payment represents the complete
liquidation of the Participant&#8217;s interest in the Plan. <br>
<br>
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(f)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Rules Applicable to Installment Payments.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> If a Payment Schedule
specifies installment payments, annual payments will be made beginning as of
the payment commencement date for such installments and shall continue on each
anniversary thereof until the number of installment payments specified in the
Payment Schedule has been paid. The amount of each installment payment shall be
determined by dividing (a) by (b), where (a) equals the Account Balance as of
the applicable Valuation Date and (b) equals the remaining number of
installment payments.</font></p>


<a name="_bclFooter15"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 13 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_16"></a><a name="_bclPageBorder16"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader16"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">For purposes of Article VI,
installment payments, including installment payments that follow an initial
lump sum payment of a percentage of the Account Balance the combination of
which will be treated as a single series of installment payments, will be
treated as a single form of payment. If a lump sum equal to less than 100% of
the Retirement/Termination Account is paid, the payment commencement date for
the installment form of payment will be the first anniversary of the payment of
the lump sum.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">5.3&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Acceleration
of or Delay in Payments</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. The Committee, in its sole and absolute
discretion, may elect to accelerate the time or form of payment of a benefit
owed to the Participant hereunder, provided such acceleration is permitted
under Treas. Reg. Section 1.409A-3(j)(4). The Committee may also, in its sole
and absolute discretion, delay the time for payment of a benefit owed to the
Participant hereunder, to the extent permitted under Treas. Reg. Section
1.409A-2(b)(7). If the Plan receives a domestic relations order (within the
meaning of Code Section 414(p)(1)(B)) directing that all or a portion of a
Participant&#8217;s Accounts be paid to an &#8220;alternate payee,&#8221; any amounts to be paid
to the alternate payee(s) shall be paid in a single lump sum.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">6.4&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Payments
Treated as Made on the Designated Payment Date</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; Payments made on the
payment date specified in the Plan, or on a later date within the same taxable
year of the Participant or Beneficiary, or, if later, by the fifteenth (15<sup>th</sup>)
day of the third calendar month following the payment date specified in the
Plan shall be treated as having been made on the payment date; provided, however,
that the Participant or Beneficiary is not permitted, directly or indirectly,
to designate the taxable year of the payment.&#160; In addition, payments made no
earlier than 30 days before the designated payment date will likewise be
treated as having been made on the payment date so long as the Participant or
Beneficiary is not permitted, directly or indirectly, to designate the taxable
year of the payment.&#160; The foregoing shall be administered in compliance with
the provisions of Treas. Reg. 1.409A-3(d), which Regulation may authorize other
instances in which payments made after the payment date shall be treated as
having been made on the payment date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article VI</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Modifications
to Payment Schedules</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">6.1&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Participant&#8217;s
Right to Modify</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; A Participant may modify any or all of the alternative
Payment Schedules with respect to an Account, consistent with the permissible
Payment Schedules available under the Plan, provided such modification complies
with the requirements of this Article VI.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">6.2&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Time
of Election</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. The date on which a modification election is submitted to the
Committee (or its designated agent) must be at least 12 months prior to the
date on which payment is scheduled to commence under the Payment Schedule in
effect prior to the modification.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


<a name="_bclFooter16"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 14 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_17"></a><a name="_bclPageBorder17"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader17"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">6.3&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Date of Payment under Modified Payment
Schedule</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Except with respect to modifications that relate to the payment
of a Death Benefit, the date payments are to commence under the modified
Payment Schedule must be no earlier than five (5) years after the date payment
would have commenced under the original Payment Schedule. Under no
circumstances may a modification election result in an acceleration of payments
in violation of Code Section 409A.<br>
<br>
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">6.4&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Effective
Date</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. A modification election submitted in accordance with this Article VI
is irrevocable upon receipt by the Committee (or its designated agent) and
becomes effective 12 months after such date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">6.5&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Effect
on Accounts</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. An election to modify a Payment Schedule is specific to the
Account or payment event to which it applies, and shall not be construed to
affect the Payment Schedules of any other Accounts.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article VII</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Valuation
of Account Balances; Investments</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">7.1&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Valuation</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.
Deferrals shall be credited to appropriate Accounts on the date such
Compensation would have been paid to the Participant absent the Compensation
Deferral Agreement. Valuation of Accounts shall be performed under procedures
approved by the Committee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">7.2&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Adjustment
for Earnings</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Each Account will be adjusted to reflect Earnings on each Business
Day.&#160; Adjustments shall reflect the net earnings, gains, losses, expenses,
appreciation and depreciation associated with an investment option for each
portion of the Account deemed to be allocated to such option based upon the
Participant&#8217;s investment allocation among a menu of investment options selected
in advance by the Committee, in accordance with the provisions of this Article
VII (&#8220;investment allocation&#8221;).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">7.3&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Investment
Options</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Investment options will be determined by the Committee. The Committee,
in its sole discretion, shall be permitted to add or remove investment options
from the Plan menu from time to time, provided that any such additions or
removals of investment options shall not be effective with respect to any
period prior to the effective date of such change.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">7.4&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Investment
Allocations</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. A Participant&#8217;s investment allocation constitutes a deemed,
not actual, investment among the investment options comprising the investment
menu. At no time shall a Participant have any real or beneficial ownership in
any investment option included in the investment menu, nor shall the
Participating Employer or any trustee acting on its behalf have any obligation
to make any actual investment as a result of a Participant&#8217;s investment
allocation. A Participant&#8217;s investment allocation shall be used solely for
purposes of adjusting the value of a Participant&#8217;s Account Balances.<br>
<br>
</font></p>


<a name="_bclFooter17"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 15 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_18"></a><a name="_bclPageBorder18"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader18"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">A
Participant shall specify an investment allocation for each of his or her
Accounts in accordance with procedures established by the Committee.&#160;
Allocation among the investment options must be designated in increments of 1%.
The Participant&#8217;s investment allocation will become effective on the same
Business Day or, in the case of investment allocations received after a time
specified by the Committee, the next Business Day.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">A Participant may change an
investment allocation on any Business Day, both with respect to future credits
to the Plan and with respect to existing Account Balances, in accordance with
procedures adopted by the Committee. Changes shall become effective on the same
Business Day or, in the case of investment allocations received after a time
specified by the Committee, the next Business Day, and shall be applied
prospectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">7.5&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Unallocated
Deferrals and Accounts</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. If the Participant fails to make an investment
allocation with respect to an Account, such Account shall be invested in an
investment option, the primary objective of which is the preservation of
capital, as determined by the Committee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article VIII</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Administration</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">8.1&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Plan
Administration</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. This Plan shall be administered by the Committee, which
shall have discretionary authority to make, amend, interpret and enforce all
appropriate rules and regulations for the administration of this Plan and to
utilize its discretion to decide or resolve any and all questions, including
but not limited to eligibility for benefits and interpretations of this Plan
and its terms, as may arise in connection with the Plan. Claims for benefits
shall be filed with the Committee and resolved in accordance with the claims
procedures in Article XI.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">8.2&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Administration
Upon Change in Control</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Upon a Change in Control of the Company, the
Committee, as constituted immediately prior to such Change in Control, shall
continue to act as the Committee. The Chief Executive Officer of the Company
(or if such person is unable or unwilling to act, the next highest ranking
officer) prior to the Change in Control of the Company shall have the authority
(but shall not be obligated) to appoint an independent third party to act as
the Committee to administer the Plan.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Upon such Change in Control of the
Company, the Company may not remove the Committee, unless 2/3rds of the members
of the Board consent to the removal and replacement of the Committee. Notwithstanding
the foregoing, neither the Committee nor the officer described above shall have
authority to direct investment of trust assets under any rabbi trust described
in Section 10.2.</font><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">The Participating Employer shall,
with respect to the Committee identified under this Section: (i) pay all
reasonable expenses and fees of the Committee and (ii) supply full and timely
information to the Committee on all matters related to the Plan, any rabbi
trust, Participants, Beneficiaries and Accounts as the Committee may reasonably
require.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


<a name="_bclFooter18"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 16 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_19"></a><a name="_bclPageBorder19"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader19"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">8.3&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Withholding</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. The Participating Employer
shall have the right to withhold from any payment due under the Plan (or with
respect to any amounts credited to the Plan) any taxes required by law to be
withheld in respect of such payment (or credit). Withholdings with respect to
amounts credited to the Plan shall be deducted from Compensation that has not
been deferred to the Plan.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">8.4&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Indemnification</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.
The Participating Employer shall indemnify and hold harmless each employee, officer,
director, agent or organization, to whom or to which are delegated duties,
responsibilities, and authority under the Plan or otherwise with respect to
administration of the Plan, including, without limitation, the Committee and
its agents, against all claims, liabilities, fines and penalties, and all
expenses reasonably incurred by or imposed upon him or her or it (including but
not limited to reasonable attorney fees) which arise as a result of his or her
or its actions or failure to act in connection with the operation and
administration of the Plan to the extent lawfully allowable and to the extent
that such claim, liability, fine, penalty, or expense is not paid for by
liability insurance purchased or paid for by the Participating Employer. Notwithstanding
the foregoing, the Participating Employer shall not indemnify any person or
organization if his or her or its actions or failure to act are due to gross
negligence or willful misconduct or for any such amount incurred through any
settlement or compromise of any action unless the Participating Employer
consents in writing to such settlement or compromise.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">8.5&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Delegation
of Authority</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. In the administration of this Plan, the Committee may, from
time to time, employ agents and delegate to them such administrative duties as
it sees fit, and may from time to time consult with legal counsel who may be
legal counsel to the Company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">8.6&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Binding
Decisions or Actions</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. The decision or action of the Committee in respect of
any question arising out of or in connection with the administration,
interpretation and application of the Plan and the rules and regulations
thereunder shall be final and conclusive and binding upon all persons having
any interest in the Plan. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article IX</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Amendment
and Termination</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">9.1&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Amendment
and Termination</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. The Company may at any time and from time to time amend
the Plan or may terminate the Plan as provided in this Article IX. Each
Participating Employer may also terminate its participation in the Plan.<br>
<br>
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">9.2&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Amendments</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.
The Company, by action taken by the Compensation Committee of the Board, may
amend the Plan at any time and for any reason, provided that any such amendment
shall not reduce the vested Account Balances of any Participant accrued as of
the date of any such amendment or restatement (as if the Participant had
incurred a voluntary Separation from Service on such date) without the consent
of the Participant. The Committee shall have the authority to amend the Plan
for the purpose of: (i) conforming the Plan to the requirements of law; (ii)
facilitating the administration of the Plan; (iii) clarifying provisions based
on the Committee&#8217;s interpretation of the document; </font><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">and
(iv) making such other amendments as the Compensation Committee of the Board
may authorize.<br>
<br>
</font></p>
<a name="_bclFooter19"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 17 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_20"></a><a name="_bclPageBorder20"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader20"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>


<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">9.3&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Termination</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.
The Company, by action taken by the Compensation Committee of the Board, may
terminate the Plan and pay Participants and Beneficiaries their Account
Balances in a single lump sum (or otherwise) at any time, to the extent
permitted by and in accordance with Treas. Reg. Section 1.409A-3(j)(4)(ix). If
a Participating Employer terminates its participation in the Plan, the benefits
of affected Employees shall be paid at the time provided in Article V.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">9.4&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Accounts
Taxable Under Code Section 409A</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. The Plan is intended to constitute a plan
of deferred compensation that meets the requirements for deferral of income
taxation under Code Section 409A. The Committee, pursuant to its authority to
interpret the Plan, may sever from the Plan or any Compensation Deferral
Agreement any provision or exercise of a right that otherwise would result in a
violation of Code Section 409A.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article X</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Informal
Funding</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">10.1&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">General
Assets</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Obligations established under the terms of the Plan may be
satisfied from the general funds of the Participating Employers, or a trust
described in this Article X. No Participant, spouse or Beneficiary shall have
any right, title or interest whatever in assets of the Participating Employers.
Nothing contained in this Plan, and no action taken pursuant to its provisions,
shall create or be construed to create a trust of any kind, or a fiduciary
relationship, between the Participating Employers and any Employee, Director,
spouse, or Beneficiary. To the extent that any person acquires a right to receive
payments hereunder, such rights are no greater than the right of an unsecured
general creditor of the Participating Employer.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">10.2&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Rabbi
Trust</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. A Participating Employer may, in its sole discretion, establish a
grantor trust, commonly known as a rabbi trust, as a vehicle for accumulating
assets to pay benefits under the Plan. Payments under the Plan may be paid from
the general assets of the Participating Employer or from the assets of any such
rabbi trust. Payment from any such source shall reduce the obligation owed to
the Participant or Beneficiary under the Plan.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article XI</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Claims</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">11.1&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Filing
a Claim</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Any controversy or claim arising out of or relating to the Plan
shall be filed in writing with the Committee, which shall make all
determinations concerning such claim. Any claim filed with the Committee shall
be in writing.&#160; Any decision by the Committee denying such claim shall be in
writing (which for purposes of the Plan, including this Article XI, includes
electronic notification in accordance with applicable Department of Labor
regulations) and shall be delivered to the Participant or Beneficiary filing
the claim (the &#8220;Claimant&#8221;) and/or his or her authorized representative. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


<a name="_bclFooter20"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 18 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_21"></a><a name="_bclPageBorder21"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader21"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">In General.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> Notice of a denial of
benefits will be provided within 90 days of the Committee&#8217;s receipt of the
Claimant's claim for benefits. If the Committee determines that it needs
additional time to review the claim, the Committee will provide the Claimant
with a notice of the extension before the end of the initial 90-day period. The
extension will not be more than 90 days from the end of the initial 90-day
period and the notice of extension will explain the special circumstances that
require the extension and the date by which the Committee expects to make a
decision.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Contents
of Notice.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> If a claim for benefits is completely or partially denied,
notice of such denial shall be in writing and shall set forth the reasons for
denial in plain language. The notice also shall: (i) reference the pertinent
provisions of the Plan document; and (ii) explain, where appropriate, how the
Claimant can perfect the claim, including a description of any additional
material or information necessary to complete the claim and why such material
or information is necessary. The claim denial also shall include an explanation
of the claims review procedures and the time limits applicable to such
procedures, including a statement of the Claimant&#8217;s right to bring a civil
action under Section 502(a) of ERISA following an adverse decision on review. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">11.2&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Appeal
of Denied Claims</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. A Claimant whose claim has been completely or partially
denied shall be entitled to appeal the claim denial by filing a written appeal
with a committee designated to hear such appeals (the &#8220;Appeals Committee&#8221;),
which may be the Committee.&#160; A Claimant who timely requests a review of the
denied claim (or his or her authorized representative) may have, upon request
and free of charge, reasonable access to and copies of all documents, records
and other information relevant to the claim for benefits and also may submit
written comments, documents, records and other information relevant to the
claim to the Appeals Committee. All written comments, documents, records, and
other information shall be considered &#8220;relevant&#8221; if the information: (i) was
relied upon in making a benefits determination; (ii) was submitted, considered
or generated in the course of making a benefits decision regardless of whether
it was relied upon to make the decision; or (iii) demonstrates compliance with
administrative processes and safeguards established for making benefit
decisions. The Appeals Committee may, in its sole discretion and if it deems
appropriate or necessary, decide to hold a hearing with respect to the claim
appeal.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(a)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">In General.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> Appeal of a denied benefits claim must be filed in
writing with the Appeals Committee no later than 60 days after receipt of the
written notification of such claim denial. The Appeals Committee shall make its
decision regarding the merits of the denied claim within 60 days following
receipt of the appeal (or within 120 days after such receipt, in a case where
there are special circumstances requiring extension of time for reviewing the
appealed claim). If an extension of time for reviewing the appeal is required
because of special circumstances, written notice of the extension shall be
furnished to the Claimant prior to the commencement of the extension. The
notice will indicate the special circumstances requiring the extension of time
and the date by which the Appeals </font><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Committee expects to
render the determination on review. The review will take into account comments,
documents, records and other information submitted by the Claimant relating to
the claim without regard to whether such information was submitted or considered
in the initial benefit determination.</font></p>
<a name="_bclFooter21"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 19 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_22"></a><a name="_bclPageBorder22"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader22"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(b)</font><font face="'Times New Roman'" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Contents of Notice.</font></i><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> If a benefits claim is completely or
partially denied on review, notice of such denial shall be in writing and shall
set forth the reasons for denial in plain language. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">The decision on review shall set
forth: (i) the specific reason or reasons for the denial; (ii) specific
references to the pertinent Plan provisions on which the denial is based; (iii)
a statement that the Claimant is entitled to receive, upon request and free of
charge, reasonable access to and copies of all documents, records, or other
information relevant (as defined above) to the Claimant&#8217;s claim; and (iv) a
statement describing any voluntary appeal procedures offered by the Plan (but
the Plan is not required to have any such procedures) and a statement of the
Claimant&#8217;s right to bring an action under Section 502(a) of ERISA. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">11.3&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Legal
Action</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. A Claimant may not bring any legal action</font><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">relating to a
claim for benefits under the Plan unless and until the Claimant has followed
the claims procedures under the Plan and exhausted his or her administrative
remedies under such claims procedures. Any such legal action must be commenced
within one year of a final determination hereunder with respect to such claim.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">11.4&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Discretion
of Appeals Committee</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. All interpretations, determinations and decisions of
the Appeals Committee with respect to any claim shall be made in its sole
discretion, and shall be final and conclusive.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:14.0pt;text-transform:uppercase;">Article XII</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><font color=#903033 face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">General
Provisions</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">12.1&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Assignment</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:76.5pt;text-indent:-40.5pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; No
interest of any Participant, spouse or Beneficiary under this Plan and no
benefit payable hereunder shall be assigned as security for a loan, and any
such purported assignment shall be null, void and of no effect, nor shall any
such interest or any such benefit be subject in any manner, either voluntarily
or involuntarily, to anticipation, sale, transfer, assignment or encumbrance by
or through any Participant, spouse or Beneficiary. Notwithstanding anything to
the contrary herein, however, the Committee has the discretion to make payments
to an alternate payee in accordance with the terms of a domestic relations
order (as defined in Code Section 414(p)(1)(B)). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:76.5pt;text-indent:-40.5pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:76.5pt;text-indent:-40.5pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Company may assign any or all of its liabilities under this Plan in connection
with any restructuring, recapitalization, sale of assets or other similar
transaction affecting a Participating Employer without the consent of the
Participants.</font></p>


<a name="_bclFooter22"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 20 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_23"></a><a name="_bclPageBorder23"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader23"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">12.2&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">No
Legal or Equitable Rights or Interest</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. No Participant or other person shall
have any legal or equitable rights or interest in this Plan that are not
expressly granted in this Plan. Participation in this Plan does not give any
person any right to be retained in the service of the Participating Employer.
The right and power of a Participating Employer to dismiss or discharge an
Employee or Director is expressly reserved. The Participating Employers make no
representations or warranties as to the tax consequences to a Participant or a
Participant&#8217;s beneficiaries resulting from a deferral of income pursuant to the
Plan.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">12.3&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">No
Employment Contract</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. Nothing contained herein shall be construed to
constitute a contract of employment between an Employee or Director and a
Participating Employer.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">12.4&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Notice</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.
Any notice or filing required or permitted to be delivered to the Committee
under this Plan shall be delivered in writing in person, by certified mail, or
through such electronic means as is established by the Committee. Notice shall
be deemed given as of the date of delivery or, if delivery is made by mail, as
of the date shown on the postmark on the receipt for registration or
certification. In each case, all notices shall be addressed as follows: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">DIRECTOR OF
COMPENSATION &amp; BENEFITS</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">THE CATO CORPORATION</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">8100 DENMARK ROAD</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">CHARLOTTE, NC
28273-5975</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Any notice or filing required or
permitted to be given to a Participant or Beneficiary under this Plan shall be
sufficient if in writing and&#160; hand-delivered in person, delivered
electronically in accordance with applicable Department of Labor regulations,
or sent by mail to the last known address of&#160; the Participant.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">12.5&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Headings</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.
The headings of Sections are included solely for convenience of reference, and
if there is any conflict between such headings and the text of this Plan, the
text shall control. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">12.6&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Invalid
or Unenforceable Provisions</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. If any provision of this Plan shall be held
invalid or unenforceable, such invalidity or unenforceability shall not affect
any other provisions hereof and the Committee may elect in its sole discretion
to construe such invalid or unenforceable provisions in a manner that conforms
to applicable law or as if such provisions, to the extent invalid or
unenforceable, had not been included.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">12.7&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Lost
Participants or Beneficiaries</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; Each Participant or Beneficiary who is entitled
to a benefit from the Plan has the duty to keep the Committee advised of his or
her current mailing address and any other information necessary to calculate
and pay benefits under the Plan.&#160; The Committee has no obligation to search for
the whereabouts of any Participant or Beneficiary, but the Committee may make
such efforts as in its discretion it deems reasonable and appropriate to locate
a Participant or Beneficiary.&#160; If benefit </font><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">payments are
returned to the Plan or are not presented for payment after sixty (60) days,
the Committee shall presume that the Participant or Beneficiary is missing and
shall stop payment on any uncashed check; provided, that the Committee shall
treat any such payment and any further payments due to such Participant or Beneficiary
as taxable to such Participant or Beneficiary according to the applicable
payment schedule and consistent with the requirements of Section 409A.&#160; </font></p>
<a name="_bclFooter23"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 21 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div><a name="page_24"></a><a name="_bclPageBorder24"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader24"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style="mso-bidi-font-size:12.0pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:18.0pt;">The

Cato Corporation Deferred Compensation Plan</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>


<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">12.8&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Facility
of Payment to a Minor</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">.&#160; If a distribution is to be made to a minor, or to a
person who is otherwise incompetent, then the Committee may, in its discretion,
make such distribution: (i) to the legal guardian, or if none, to a parent of a
minor payee with whom the payee maintains his or her residence, or (ii) to the
conservator or committee or, if none, to the person having custody of an
incompetent payee. Any such distribution shall fully discharge the Committee,
the Company, the Employer, the Participating Employer, and the Plan from
further liability on account thereof.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">12.9&#160;&#160;&#160;&#160; </font><u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Governing
Law</font></u><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">. To the extent not preempted by ERISA, the laws of the State of North
Carolina shall govern the construction and administration of the Plan.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">IN WITNESS WHEREOF, the undersigned executed this Plan as
of the _____ day of _______________, 2011, to be effective as of the Effective
Date.</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Cato Corporation</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">By: _______________________________ (Print Name)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">Its: ________________________________ (Title)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="'Times New Roman'" lang=EN-US style="font-size:12.0pt;">_____________________________________________ (Signature)</font></p>




<a name="_bclFooter24"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="'Times New Roman'" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="mso-bidi-font-style:normal;"><i><font face="'Times New Roman'" lang=EN-US style="font-size:10.0pt;">Page 22 of 25</font></i></font></i><i><font style="mso-bidi-font-style:normal;"></font></i></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always"></div>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>x0x0.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 x0x0.gif
M1TE&.#EA<@)B`W<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`````!Q`F$#@````'6JN@+_1(ZIR^T/HYRTVHNSWKS[#X;B2);F
M.0+JRK;N"\?R3-?VC>?ZSO?^#PP*A\2B\8A,*HF'I?,)C4JGU*KUBLUJJ<VM
M]PL.B\?DLOG,#*#7[+;[#8_+L]VY_8[/Z_?\:7V%$B@X2%AH>(B8J+C(V$C2
M\F?0-TE9:7F)^:7&$KF9^0D:*CI*ZJG229JJNLK:2F9J``OK2EMK>XM[(RN;
MV^O["YRZ"QE<;'R,##?,F=SL_`SM!\D;76U]C:T[39S=[?T-O0P(3EYNCBM^
M>K[.WOZ9+NDN/T\O!S];GZ^_3[?-S`\PH$`G]P8:/(BP1\&$#!LZ_`>(VL.)
M%`,NK(@QH[R+_QH[>OS&\:/(D<]"DCR)\I?)E"Q;MEKI,J;,=_[&S;R)\Q+,
MG#Q[*JNISJ?0H6YV$CV*M!\GB4F;.K5B]*G4J4R`QJ.*->N0J%J[>HW!]:M8
ML6''FLU:]JS:IVG7NCW:]JW<GG'GVIU9]ZY>EGGW^AW9]Z]@C8$'&YY8^+#B
MA(D7.Q;8^+%D?9$G6]YH%=_ES0@K<_X,SC/HT=A$DSX=+C/JU915LWZ->2DW
MV+3/F:Z-V];MW+Q9[>X-?-3OX,0S#2^.G-+QY,SU+&\.?<[SZ-2+NJZ.W??U
M[-R%;^\.WOCW\.25CR^/WOGY].REKV\/W[ILB/'KOYEN/__6]_K[:__B[U^`
M6.`G8($V$&A@@F`!J&"#22#H8(001MC@A!0F:.&%!6:H88`<=MC?AR#F)^*(
M]95H(GPHILC>BBRBY^*+Y,4H(W@TULC=C3ABI^..U/7H(W1`!LG<D$0B9^21
MQ"6I)'!,-LG;DU#B)N64M%5IY6M89KG:EER>YN67HX4IYF=DEKG9F6A:IN::
MDK7IIF-PQJG8G'0:9N>=@N6IIU]\]JG7GX#:)>B@<A5JJ%N()JK6HHR:Y>BC
M9#$HJ8J45MKBI9C"J.FF,W;JJ8V@AIKCJ*3R:.JI/Z:JJI"LMEKDJ[`B*>NL
M2]9JJY.XYAKEKKQ2Z>NO5P8KK);$%MOEL<C_@JGLLF,VZZR9T$:;YK34LFGM
MM6]FJZV<W'9;Y[?@XBGNN'N6:ZZ?Z*8;Z+KL$NKNNX?&*Z^B]-;;Z+WX0JKO
MOI/.9Y._O0(<E,"Y16HP8?TFC-;"#%.%\,,412SQ0Q17W-#%&#/F\,9):>RQ
M02"'#%G')`\U\LG\I*QR:P1?U7*U+VL6L[<SU\P9RSC'%M%L.V][\\^3Z2ST
M.D07;<[12).C]-(@F>QT2DU'G<W45%]C]=759*UU:D%WK>[78+<K]MCPEFWV
MO&BG;>_:;.?K]MO\QBWWOSW35S?<=P><M]ZG,-7WW'L7'+C@?_M<N-V'XYVX
M5UPW?LOCD-<B^>2N_U1NN79T9]X4YIP+`_7G`'DNNBBDEP[*Z:B+M_GJ/JGN
MNB6PQVY>Z[3C-/OM?.2NNWJV]QX3[\#?(?SP[OUNO-2A)U].\<S?M_SS3R,O
MO4C.5[_&]=B?H?WV973O_1C@AQ_&^.3_1_WY$T>O?DGLM]^,^?`/^/[\Q\AO
M?Q7XYR]-^OP?M+__02&``B1(_0K8"P(B\$$'7&#D&NA`RD$P@I>;(`4U-SB8
M73!C%MP@Z/SGP7DH,(1`&"$)?6#"$_(@A2K4`0M;B(,7PO!`'9RA3FIHPTK(
M,(<RV"$/8>##'[H@B$+$&RJ*Z+(,T@R)1L,A$_%`1"9&$8E3+&(5A7C%'_]F
MD8=;S&$7;?C%&881AF-L81E5>,83II&$:PQA&SWXQ@W&\8)SI&`=(WA'!^9Q
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M1QGVT82%U&`C%5A)_772?:447RNM5TOE]=)WQ91=,TU73<UUTW'E%%P[[59/
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MJ+_^]8*`XW-@2U&WP,!(<'L<G*D%,]@7$$Y/A3DEX0GGXL+EX?"G,JSA!X(X
MQ!(<,8DK:.(38W!Q?%.Q^U+LX@]>-\;693'A:)P,#X='QZ*",8Y#P>/N!+E4
M/OXQ38IL9$P,.3M+1A62DRP[`D.9@4^>\B2:7!TLKZK*5MZ=E+M<!"U'1\RN
MXC*8\T#FYJ0Y5F8^,_&^[.8@K#DY<Z95F^,,W3OC>;HSWK.(^^SG$@,ZT"@>
M-/^A5QP+Q!UZ%74N3J-OI>=%<P_.DM9&I"M=WTMC&K^4WO0,'AT<4.M*TYY&
MGZ%+?>13HUK)G5[U$%OM:B,"+M8W)#6MH0+K6XNZ-[L>F*IOW8=>'RS7M!8V
ML&P-[/[].MF^6S:SH4CL6!N[-M,>%K*?_81JPT;;QKHVMI?`;=:$.UG>_C:5
MG6WN.(P;->MF5KG3;81VDT;>SWHWO*MB[WL+@=Z@X;>T\JWO$D;;U?[.V<!7
M77"9H3O@V3LXJA-^&8AC"^`,5XC#2RWQH5W<TQD'VL(K[MZ-;[KCCR&YS3X.
M\DRC/.6<ICC+8RAR3)M\,3,/E\M?3L.;XYP&-3],S\G_I?.=]S#FE?[Y8(Q^
MKJ`+'8A$ES32__+TL*U\Z4J9.M6O$/6]9)UL5K^Z_IJ^Z*W?1>QGZ[K7E6UC
M#9Z]Y69?^P#!?FBRST7N:FN[VPVH=+?3_2U[;YO=[ZZ$OJ]%\'Y+-.,`OP7"
MGT7QAC-\BQ&?>+@3FO%CH;SB'']CR&O!\E_AO.,D'VC/=T7T6B%]P_*^=M-C
M1?40`[V?63\5V$M%]FQQ_9YI[Q3<=\[V>-;]QW@?9]\C1?AP`;Z;B4\4Y*/,
M^&=6OE"<_SKF@QGZ=)%^EZG/$^SG1/NXL[Z5N7\3\./%^U,6OTS,'SSR0QG]
M+F%_2]S/%_4G&?[*0_W9Z8\2__R?1/\DX3]@Y&]D_F<]`/AC`O@1!N@1"-@1
M"J@P]N=U#)@1$(@1$E@1%+@^#GAU%H@8!(AC&F@Q'$AC'N@0(LA!&$AU),@0
M*,@Q)KAT*M@9(!AC+@A`,.AB,B@R-*AB-C@0.E@R+"AT/&@1.'AB0#@Z0DAB
M1+@R1AAB2+@/3)A$:;=$FL<%2JAA3I@/5E@/6$@/6BA"5#AA7,@S4"B%IB:&
M8QAY/KAS8)A=7LA@:M@.;L@.<-A$:(AS<F@;;%A@=I@T>.A?>M@\?'A??L@T
M@$A?@A@:A-A>AC@]?V>&^X:(YJ6(WA")W3")5?.(WU6)I7&)V)6)6+.)U=6)
MUA"*6__SB=(UBM%PBC6&>6K7B%-(AR^7BB_&B*WX`['H#+88/Z7X7+B88[J(
M7+R(#,!X/[[X1,)H#,98#,@8#,K88,0H1<Y(1=!H1=*(1=2H1=;(1=CH1=H(
M1MPH1MY(1N!H1N*(1N2H1N;(1NCH1NH(1^PH1^Y(1_!H1_*(1_2H1_;(1_CH
M1_H(2/PH2/Y(2`!I2`*)2`2I2`;)2`CI2`H)20PI20Y)21!I21*)212I21;)
M21CI21H)2API2AY)2B!I2B*)2B2I2B;)2BCI2BH)2RPI2RY)2S!I2S*)2S2I
M2S;)2SCI2SH)3#PI3#Y)3$!I3$*)3$2I3$;)3$CI3$H)34P]*4V9X0A1*953
M2955:957B959J9478!6T6#Y1Z)4#`I9A"15C299<8)9G*05;R99MZ99O"9=Q
)*9=S&94%```[
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
