First Amendment to the Belo Pension Transition Supplement Restoration Plan by Belo Corp.
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Summary
Belo Corp. has amended its Pension Transition Supplement Restoration Plan to suspend the crediting of restoration benefits for plan years starting on or after January 1, 2009. This suspension will remain in effect indefinitely unless Belo decides to resume the benefits at its sole discretion. The amendment is effective as of May 12, 2009, and was authorized by the company's Compensation Committee.
EX-10.1 2 d67749exv10w1.htm EX-10.1 exv10w1
Exhibit 10.1
FIRST AMENDMENT
TO THE
BELO PENSION TRANSITION SUPPLEMENT
RESTORATION PLAN
TO THE
BELO PENSION TRANSITION SUPPLEMENT
RESTORATION PLAN
Belo Corp., a Delaware corporation, pursuant to authorization by the Compensation Committee of the Board of Directors, adopts the following amendments to the Belo Pension Transition Supplement Restoration Plan (the “Plan”).
1. Section 4(a) of the Plan (“Amount of Benefit”) is amended by the addition of a new subparagraph (iii) thereto to read as follows:
(iii) Notwithstanding the foregoing, effective for Plan Years beginning on or after January 1, 2009, Restoration Benefits will be suspended indefinitely until such time, if any, that the crediting of Restoration Benefits is resumed by Belo in Belo’s sole discretion.
2. The amendment described above will be effective as of the date this First Amendment to the Plan is adopted.
Executed at Dallas, Texas, this 12th day of May, 2009.
| BELO CORP. | ||||||
| By | /s/ Kim S. Besse | |||||
| Vice President/Human Resources | ||||||
