Amendment to A. H. Belo Corporation Change in Control Severance Plan

Contract Categories: Human Resources › Change of Control Agreements
Summary

A. H. Belo Corporation has amended its Change in Control Severance Plan, effective December 31, 2008. The amendment sets the severance payment multiple at 2.0 for the Chief Executive Officer and 1.5 for other eligible executives, including members of the Management Committee, Executive Vice Presidents, Senior Vice Presidents, and Vice Presidents. The changes clarify the severance benefits for these positions in the event of a change in control. The amendment was authorized by the Board of Directors and signed by the Vice President of Human Resources.

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EX-10.3 4 d67094exv10w3.htm EX-10.3 exv10w3
Exhibit 10.3
AMENDMENT TO THE
A. H. BELO CORPORATION
CHANGE IN CONTROL SEVERANCE PLAN
     A. H. Belo Corporation, pursuant to authorization of the Board of Directors, adopts the following amendment to the A. H. Belo Corporation Change in Control Severance Plan (the “Plan”).
  1.   Section 2(q) of the Plan (“Severance Multiple”) is amended by the addition of the following provision thereto:
Effective December 31, 2008, the Severance Multiple will be 2.0 for the Chief Executive Officer and 1.5 for all other Participants.
  2.   Schedule A to the Plan is amended in its entirety to read as follows:
             
        SEVERANCE
POSITION   TIER   MULTIPLE
Chief Executive Officer
  Tier I     2.0  
Members of the Company’s Management Committee (other
than the Chief Executive Officer)
  Tier II     1.5  
Executive Vice Presidents and Senior Vice Presidents
(other than Management Committee members)
  Tier III     1.5  
Vice Presidents (not described in Tier II or Tier III)
  Tier IV     1.5  
  3.   The foregoing amendments will be effective as of December 31, 2008.
     Executed at Dallas, Texas, this 31st day of March, 2009.
         
  A. H. BELO CORPORATION
 		  
  By   /s/ Sheila Hartley    
    Sheila Hartley   
    Vice President/Human Resources