Amendment 2002-1 to the Joseph Pulitzer Pension Plan and Pulitzer Inc. Pension Plan

Summary

Pulitzer Inc. has amended both the Joseph Pulitzer Pension Plan and the Pulitzer Inc. Pension Plan, effective June 1, 2002. The amendments clarify that pension benefit payments will be suspended for retirees who are re-employed by the company or its affiliates and work more than 72.5 hours per month, or meet certain other work thresholds. Payments will resume no later than the third month after the retiree's work hours drop below these limits. The amendments were signed by the company's Senior Vice-President of Finance.

EX-10.43 3 c71280exv10w43.txt AMENDMENT TO 2002-1 PENSION PLANS PULITZER EXHIBIT 10.43 EXHIBIT D-1 AMENDMENT 2002-1 OF THE JOSEPH PULITZER PENSION PLAN The Joseph Pulitzer Pension Plan ("Plan") is amended in the manner set forth below, effective as of June 1, 2002. 1. Section 4.07(a) of the Plan is amended to read as follows: "(a) Suspension on Re-Employment. Benefit payments under the Plan will be suspended for each calendar month following a Participant's Annuity Starting Date during which the Participant completes more than 72.5 Hours of Service with the Company or an Affiliate, or, if the actual number of Hours of Service is not determined, during which such Participant performs at least five Hours of Service on each of eleven or more days (or separate work shifts). The Administrative Committee may amend the time periods set forth in the preceding sentence to avoid suspension of benefits for other Participants who return to work for the Company or an Affiliate following an earlier termination of employment and who, during the period of re-employment, are not entitled to participate in the Plan or in the Pulitzer Inc. Pension Plan or the Pulitzer Inc. Cash Balance Plan." 2. The first sentence of Section 4.07(b) of the Plan is amended to read as follows: "Payments suspended in accordance with this Section shall resume no later than the first day of the third calendar month following the calendar month in which the Participant again fails to complete more than 72.5 Hours of Service with the Company or an Affiliate or to perform at least five Hours of Service on each of eleven or more days or separate work shifts." PULITZER INC. Dated: July 24, 2002 By: /s/ ALAN G. SILVERGLAT ------------------------------ -------------------------- Senior Vice-President- Finance EXHIBIT D-2 AMENDMENT 2002-1 OF THE PULITZER INC. PENSION PLAN The Pulitzer Inc. Pension Plan ("Plan") is amended in the manner set forth below, effective as of June 1, 2002. 1. Section 4.05(a) of the Plan is amended to read as follows: "(a) Suspension on Re-Employment. Benefit payments under the Plan will be suspended for each calendar month following a Participant's Annuity Starting Date during which the Participant completes more than 72.5 Hours of Service with the Company or an Affiliate, or, if the actual number of Hours of Service is not determined, during which such Participant performs at least five Hours of Service on each of eleven or more days (or separate work shifts). The Administrative Committee may amend the time periods set forth in the preceding sentence to avoid suspension of benefits for other Participants who return to work for the Company or an Affiliate following an earlier termination of employment and who, during the period of re-employment, are not entitled to participate in the Plan or in the Joseph Pulitzer Pension Plan or the Pulitzer Inc. Cash Balance Plan." 2. The first sentence of Section 4.05(b) of the Plan is amended to read as follows: "Payments suspended in accordance with this Section shall resume no later than the first day of the third calendar month following the calendar month in which the Participant again fails to complete more than 72.5 Hours of Service with the Company or an Affiliate or to perform at least five Hours of Service on each of eleven or more days or separate work shifts." PULITZER INC. Dated: July 24, 2002 By: /s/ ALAN G. SILVERGLAT ------------------------------ -------------------------- Senior Vice-President- Finance