Document:

exv10w1

Exhibit 10.1

2008 A. H. BELO INCENTIVE COMPENSATION PLAN

EVIDENCE OF GRANT

Participant: Name

Date of Grant: Date Of Grant

Under the terms of the A. H. Belo 2008 Incentive Compensation Plan (the “Plan”), you have been
granted the following grant(s). All grant(s) are effective on the Date of Grant set forth above
and are subject to the applicable terms and conditions of the Plan, which are incorporated herein
by reference. Your long-term incentive grant(s) are described below.

	 	 	 	 	 

	1.

	 	Stock Options	 	 
	 
	 	 	 	 
	 

	 	Number of shares:
	 	##,### shares of A. H. Belo Corporation Series
B Common Stock
	 
	 	 	 	 
	 

	 	Option exercise price:
	 	$X.XX per share
	 
	 	 	 	 
	 

	 	Vesting and exercise date:
	 	##,### shares on and after Month/Day/Year (one
year from grant date)

##,### shares on and after Month/Day/Year (2
years from grant date)

##,### shares on and after Month/Day/Year (3
years from grant date)
	 
	 	 	 	 
	 

	 	Expiration date:
	 	The options will expire on, and may not be
exercised after, Month/Day/Year (ten years from
grant date)
	 
	 	 	 	 
	 	 	Your right, if any, to exercise vested and unvested stock options upon your
termination of employment with the Company or its subsidiaries is set forth in
the termination guidelines attached as Appendix A to this Evidence of Grant.
	 
	 	 	 	 
	2.	 	Time-Based Restricted Stock Units (RSUs)
	 
	 	 	 	 
	 

	 	Number of RSUs:
	 	##,###
	 
	 	 	 	 
	 

	 	Vesting:
	 	##,### RSUs (40% of total grant) on the third trading day
following the annual earnings release for the year ending
##,##,####
	 
	 	 	 	 
	 

	 	 	 	##,### RSUs (30% of total grant) on the third trading day
following the annual earnings release for the year ending
##,##,####
	 
	 	 	 	 
	 

	 	 	 	##,### RSUs (30% of total grant) on the third trading day
following the annual earnings release for the year ending
##,##,####

 

 

	 	 	 	 	 

	 

	 	Payment date:
	 	40% within 10 business days following the vesting date

for the year ending ##,##,####
	 
	 	 	 	 
	 

	 	 	 	30% within 10 business days following the vesting date

for the year ending ##,##,####
	 
	 	 	 	 
	 

	 	 	 	30% within 10 business days following the vesting date

for the year ending ##,##,####
	 
	 	 	 	 
	 

	 	Form of payment:
	 	60% in shares of A. H. Belo Corporation Series A Common
Stock; 40% in cash
	 
	 	 	 	 
	 	 	Your right, if any, to payment with respect to your time-based RSUs upon
termination of employment with the Company or its subsidiaries is set forth in
the termination guidelines attached as Appendix A to this Evidence of Grant.
	 
	 	 	 	 
	3.	 	Performance-Related Restricted Stock Units (RSUs)
	 
	 	 	 	 
	 

	 	Number of RSUs to be earned:
	 	Target level of performance:
	 

	 	 
	 	Minimum level of performance:
	 

	 	 	 	Below minimum level of performance:
None 

Maximum level of performance:
	 
	 	 	 	 
	 

	 	Performance Period:
	 	January 1, [fiscal year following grant date]
through December 31, [fiscal year following
grant date]
	 
	 	 	 	 
	 

	 	Performance Measures:
	 	The same performance measures that are used
for determining the amount of your [year of
grant +1] bonus
	 
	 	 	 	 
	 

	 	Vesting:
	 	Earned RSUs vest as follows:
	 
	 	 	 	 
	 

	 	 	 	33.3% on the annual earning release date for
the year ending December 31, [one year
following grant date]
	 
	 	 	 	 
	 

	 	 	 	33.3% on the annual earning release date for
the year ending December 31, [two years
following grant date]
	 
	 	 	 	 
	 

	 	 	 	33.3% on the annual earning release date for
the year ending December 31, [three years
following grant date]
	 
	 	 	 	 
	 

	 	Payment Dates:
	 	Within 10 business days after A. H. Belo’s
annual earnings release for [year of grant
+1], [year of grant +2] and [year of grant
+3], respectively
	 
	 	 	 	 
	 

	 	Form of payment:
	 	60% in shares of A. H. Belo Corporation
Series A Common Stock; 40% in cash
	 
	 	 	 	 
	 	 	Your right, if any, to payment with respect to your performance-related RSUs
upon your termination of employment with the Company or its subsidiaries is
set forth in the termination guidelines attached as Appendix A to this
Evidence of Grant.

 

 

	 	 	 	 	 

	4.	 	Section 409A Payment Rules
	 
	 	 	 	 
	 	 	Notwithstanding the general payment rules described in this Evidence of Grant,
including Appendix A, if the Company makes a good faith determination that a
payment of your LTI (i) constitutes a deferral of compensation for purposes of
Section 409A of the Internal Revenue Code of 1986, as amended, and the rules,
regulations and guideline thereunder (“Section 409A”), (ii) is made to you by
reason of your separation from service within the meaning of Section 409A, and
(iii) at the time such payment would otherwise be made you are a specified
employee within the meaning of Section 409A (using the identification
methodology selected by the Company from time to time), the payment will be
delayed until the earlier of (x) the first business day of the seventh month
following your separation from service or (y) your death. Furthermore, if your
LTI is no longer subject to a substantial risk of forfeiture prior to a Change
in Control, and the Change in Control does not constitute a change in the
ownership or effective control of the Company or in the ownership of a
substantial portion of the assets of the Company (within the meaning of Section
409A), the payment date of the LTI will be determined without regard to the
occurrence of the Change in Control. Each payment of a portion of your LTI
will be considered, and is hereby designated as, a separate payment for
purposes of Section 409A.
	 
	 	 	 	 
	 	 	It is the Company’s intention that the LTI will either be exempt from, or will
satisfy the requirements of, Section 409A, and this Evidence of Grant will be
construed in a manner to give effect to such intention. Notwithstanding any
other provision of this Evidence of Grant, the Company is not obligated to
guarantee any particular tax result for you with respect to any payment
provided to you hereunder, and you will be responsible for any taxes imposed on
you with respect to any such payment.
	 
	 	 	 	 
	5.	 	Change in Control
	 
	 	 	 	 
	 	 	In the event of a Change in Control as defined in the Plan, (i) all unvested
stock options will vest and become exercisable immediately and (ii) all RSUs
will vest immediately. Vested RSUs will be paid at the earliest practicable
date that payment may be made without violating any applicable provision of
Section 409A of the Internal Revenue Code.

If you have questions concerning this grant, please contact Dan Blizzard at (214) 977-7246.

 

 

Appendix A

Page 1 of 2

A. H. Belo Corporation

Incentive Compensation Plan

Termination Guidelines for Stock Options and Restricted Stock Units

Revised 3-1-11

The following guidelines will determine the effect of a Participant’s termination of employment on the
Participant’s outstanding stock options and restricted stock units (RSUs). For purposes of these guidelines, a
year of service will be determined in the same manner as a year of service under the A. H. Belo Savings Plan as
amended from time to time.

	 	 	 	 	 	 	 
	Termination Reason	 	 	 	 	 	 
	All Participants (Regardless of	 	 	 	Time-Based	 	Performance-Based
	Retirement1 Eligibility)	 	Stock Options	 	RSU’s	 	RSUs
	Discharge for Cause2
	 	All options,
unvested and
vested, are
forfeited
immediately
	 	Unvested RSUs are
forfeited immediately
	 	Unvested RSUs are
forfeited immediately
	 	 	 	 	 	 	 
	Death or Long-Term
Disability3
	 	Unvested options
fully vest and
remain exercisable
for original term
of option
	 	Unvested RSUs fully
vest
and are paid as soon
as practicable
	 	RSUs still subject
to performance goals
(within one-year of
grant) are forfeited
immediately. RSUs
earned after the
one-year performance
period become fully
vested and are paid
as soon as
practicable

	 	 	 	 	 	 	 
	Termination Reason	 	 	 	 	 	 
	Participants Who Are Not	 	 	 	Time-Based	 	Performance-Based
	Retirement1 Eligible	 	Stock Options	 	RSU’s	 	RSUs
	Voluntary Resignation
	 	All options,
unvested and
vested, are
forfeited
immediately
	 	Unvested RSUs are
forfeited immediately
	 	Unvested RSUs are
forfeited immediately
	 	 	 	 	 	 	 
	Discharge Without Cause2
(Named Executive Officers and
Publishers)
	 	Unvested options
are forfeited
immediately. Vested
options remain
exercisable for the
shorter of one year
from date of
termination or the
original term of
option
	 	Unvested RSUs are
forfeited immediately
	 	Unvested RSUs are
forfeited immediately
	 	 	 	 	 	 	 
	Discharge Without Cause2
(Participants with 10 or more
years of service)
	 	Unvested options
are forfeited
immediately. Vested
options remain
exercisable for the
shorter of one year
from date of
termination or the
original term of
option
	 	Unvested RSUs are
forfeited immediately
	 	Unvested RSUs are
forfeited immediately
	 	 	 	 	 	 	 
	Discharge Without Cause2
(Participants with more than 5 but
less than 10 years of service)
	 	Unvested options
are forfeited
immediately. Vested
options remain
exercisable for the
shorter of six
months from date of
termination or the
original term of
option
	 	Unvested RSUs are
forfeited immediately
	 	Unvested RSUs are
forfeited immediately

- - - Continued - - -

 

 

Appendix A

Page 2 of 2

A. H. Belo Corporation

Incentive Compensation Plan

Termination Guidelines for Stock Options and Restricted Stock Units

Revised 3-1-11

- - - Continued - - -

	 	 	 	 	 	 	 
	Termination Reason	 	 	 	 	 	 
	Participants Who Are Not	 	 	 	Time-Based	 	Performance-Based
	Retirement1 Eligible	 	Stock Options	 	RSU’s	 	RSUs
	Discharge Without Cause2
(Participants with 5 or fewer
years of service)
	 	Unvested options
are forfeited
immediately. Vested
options remain
exercisable for the
shorter of three
months from date of
termination or the
original term of
option
	 	Unvested RSUs are
forfeited immediately
	 	Unvested RSUs are
forfeited immediately

	 	 	 	 	 	 	 
	Termination Reason	 	 	 	 	 	 
	Retirement1 Eligible	 	 	 	 	 	 
	Participants (Age 55+ and 3-Years	 	 	 	Time-Based	 	Performance-Based
	Service)	 	Stock Options	 	RSU’s	 	RSUs
	Voluntary Resignation
	 	Unvested options
vest immediately
and remain
exercisable for
original term of
option
	 	Unvested RSUs fully
vest and are paid as
soon as practicable
	 	RSUs still subject
to performance goals
(within one-year of
grant) are forfeited
immediately. RSUs
earned after the
one-year performance
period become fully
vested and are paid
as soon as
practicable
	 	 	 	 	 	 	 
	Discharge Without Cause2
	 	Unvested options
vest immediately
and remain
exercisable for
original term of
option
	 	Unvested RSUs fully
vest and are paid as
soon as practicable
	 	RSUs still subject
to performance goals
(within one-year of
grant) are forfeited
immediately. RSUs
earned after the
one-year performance
period become fully
vested and are paid
as soon as
practicable

Notwithstanding these termination guidelines, if you are an officer of A. H. Belo or one of its
operating companies, your payment will be deferred for 6 months after termination of employment if
necessary to comply with Section 409A of the Internal Revenue Code.

In the event of a Change in Control as defined in the Plan, all options and RSUs will vest
immediately. Vested RSUs will be paid at the earliest practicable date that payment may be made
without violating any applicable provision of Section 409A of the Internal Revenue Code.

If you have any questions regarding these termination guidelines, please contact Dan Blizzard at
(214) 977-7246.

 

			
	1	 	Retirement means that you have incurred a
separation from service within the meaning of Section 409A of the Internal
Revenue Code, other than due to death, long-term disability or discharge for
cause, after attaining age 55 and completing three years of service as
determined under the A. H. Belo Savings Plan
	 
	2	 	Cause is determined by the Compensation
Committee
	 
	3	 	Long-Term Disability means disability within
the meaning of Section 409A of the Internal Revenue Codeexv10wxpy

EXHIBIT 10(p) 

COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS

Salaries as of February 1, 2011

	 	 	 	 	 
	NAME AND TITLE	 	SALARY
	 
	Dante C. Parrini
	 	$	630,000	 
	President and Chief Executive Officer
	 	 	 	 
	 
	 	 	 	 
	John P. Jacunski
	 	$	399,237	 
	Senior Vice President and Chief Financial Officer
	 	 	 	 
	 
	 	 	 	 
	Debarata Mukherjee
	 	$	329,400	 
	Vice President and General Manager, Specialty Papers Business Unit
	 	 	 	 
	 
	 	 	 	 
	Martin Rapp(1)
	 	$	374,764	 
	Vice President and General Manager, Composite Fibers Business Unit
	 	 	 	 

 

			
	(1)	 	Mr. Rapp’s annual salary is 279,967 euros. The
amount set forth above is based on the currency
exchange rate at December 31, 2010.

     The annual base salaries are subject to adjustment pursuant to the Company’s employee
compensation policies in effect from time to time. Each of the above executive officers has a
change in control employment agreement, which is included as exhibits to this Form 10-K. Also, each
executive officer participates in the Company’s 2005 Long-Term Incentive Plan and in its Management
Incentive Plan, each of which are incorporated by reference as exhibits to this Form 10-K.

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