Document:

exv10w1

Exhibit 10.1

THIRD AMENDMENT

TO THE

BELO SAVINGS PLAN

(As Amended and Restated Effective January 1, 2008)

     Belo Corp., a Delaware corporation, pursuant to authorization by the Compensation Committee of
the Board of Directors, adopts the following amendments to the Belo Savings Plan (the “Plan”).

     1. Section 3.1(c) of the Plan (“Catch-Up Deferral Contributions”) is amended by the addition
of the following provision thereto:

The Plan will not be treated as failing to satisfy the provisions of the Plan
implementing the requirements of Code sections 401(k)(3), 401(k)(11), 401(k)(12),
401(k)(13), 410(b), or 416, as applicable, solely because of such catch-up Deferral
Contributions.

     2. Section 3.4(a) of the Plan is amended in its entirety to read as follows:

     (a) Rate of Matching Contributions. The provisions of this Section 3.4 will apply to
only those Participants who have satisfied the eligibility requirements of Section 2.1(b).
For the Plan Year beginning on January 1, 2008, and for the period beginning on January 1,
2009, and ending on the day preceding the first day of the first payroll period beginning on
or after April 12, 2009, the Participating Employers will pay to the Trustee as a matching
contribution for each payroll period an amount equal to (i) 100% of each Participant’s
Deferral Contributions for the payroll period to the extent that such Deferral Contributions
do not exceed 1% of the Participant’s Compensation for the payroll period and (ii) 70% of
each Participant’s Deferral Contributions for the payroll period to the extent that such
Deferral Contributions exceed 1% of the Participant’s Compensation but do not exceed 6% of
the Participant’s Compensation for the payroll period. For payroll periods beginning on or
after April 12, 2009, the Participating Employers may pay to the Trustee a discretionary
matching contribution. The amount of such discretionary matching contribution, if any, will
be determined by the Compensation Committee of the Board of Directors of the Company.

          For purposes of this Section 3.4(a), Deferral Contributions include catch-up Deferral
Contributions described in Section 3.1(c). Participating Employer matching contributions
will be subject to the contribution percentage limitation set forth in Section 11.5.

     3. Section 5.3 of the Plan is amended in its entirety to read as follows:

     5.3 Limitation on Allocations. Article 11 sets forth certain rules under Code
sections 401(k), 401(m) and 415 that limit the amount of contributions and forfeitures that
may be allocated to a Participant’s Accounts for a Plan Year.

 

 

     4. Section 6.1(c) of the Plan (“Accelerated Vesting”) is amended by replacing the reference to
“Section 6.3” contained therein with “Section 6.3 or Section 11.4(e).”

     5. Section 6.4 of the Plan (“Application of Forfeited Amounts”) is amended by replacing the
first reference to “this Article” contained therein with “this Article or Section 11.4(e).”

     6. Section 11.2(c) of the Plan (“Deferral Percentage”) is amended by the addition of the
following provision thereto:

In addition, if the Matching Contributions to the Plan for any Plan Year satisfy the
requirements of Code section 401(k)(2)(B) and (C), a Participant’s Deferral Percentage will
be determined by aggregating the Deferral Contributions and the Matching Contributions made
to the Plan on his behalf for such Plan Year, unless such aggregation is prohibited in
regulations prescribed by the Secretary of the Treasury. A Participant is eligible to make
Deferral Contributions for purposes of determining his Deferral Percentage even though he
does not make Deferral Contributions because of the suspension of his Deferral Contributions
under the terms of the Plan, because of an election not to participate, or because of the
limitations contained in Section 11.3 of the Plan. A Deferral Contribution will be taken
into account for a Plan Year only if (i) the allocation of such contribution is not
contingent on participation in the Plan or the performance of services after the Plan Year,
(ii) such contribution is paid to the Trustee within 12 months after the end of the Plan
Year, and (iii) such contribution relates to Compensation that either would have been
received by the Participant in the Plan Year, or that is attributable to services performed
during the Plan Year and that would have been received within two and one-half months after
the Plan Year, but for the election to defer. Deferral Contributions that are taken into
account in the Average Contribution Percentage Test described in Section 11.5(a) of the
Plan will be excluded from the Deferral Percentage (provided the Actual Deferral Percentage
Test described in Section 11.4(a) of the Plan is satisfied both with and without exclusion
of such Deferral Contributions).

     7. Section 11.2 of the Plan (“Definitions Used in this Article”) is further amended by the
addition of the following provisions thereto:

     (m) Average Contribution Percentage means the average of the Contribution Percentages
of each Participant in a group of Participants.

     (n) Contribution Percentage means the ratio (expressed as a percentage) determined by
dividing the Matching Contributions made to the Plan on behalf of a Participant who is
eligible to receive an allocation of Matching Contributions for a Plan Year (but only to the
extent such Matching Contributions are not taken into account in determining the
Participant’s Deferral Percentage for the Plan Year) by the Participant’s Compensation for
the Plan Year. A Participant is eligible to receive an allocation of

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Matching Contributions for purposes of determining his Contribution Percentage even
though no Matching Contributions are made to the Plan on his behalf because of the
suspension of his Deferral Contributions under the terms of the Plan, because of an election
not to participate, or because of the limitations contained in Section 11.3 of the Plan.
Deferral Contributions may also be included in the Contribution Percentages used to satisfy
the Average Contribution Percentage Test described in Section 11.5(a) of the Plan, provided
that the Average Deferral Percentage Test described in Section 11.4(a) of the Plan is met
before such Deferral Contributions are included in the Average Contribution Percentage Test
and continues to be met following the exclusion of such Deferral Contributions.

     (o) Matching Contribution means the Participating Employer matching contribution made
to the Plan on behalf of a Participant pursuant to Article 3.

     8. The first paragraph of Section 11.4 of the Plan (“Limitation on Deferral Contributions”) is
amended in its entirety to read as follows:

     The limitations of this Section 11.4 will apply to Participants for Plan Years
beginning on or after January 1, 2009.

     9. The first paragraph of Section 11.4(c) of the Plan (“Reduction of Excess Deferral
Contributions”) is amended by the addition of the following sentence thereto:

Matching Contributions made with respect to a Participant’s excess Deferral
Contributions will be forfeited and applied as provided in Section 6.4.

     10. Section 11.4(c) of the Plan is further amended by deleting the phrase “and for the period
between the end of the Plan Year and the date of distribution” from the second paragraph thereof.

     11. Section 11.4(d) of the Plan (“Determination of Earnings and Losses”) is amended by
deleting the second sentence thereof.

     12. Section 11.4(e) of the Plan (“Testing Procedures”) is amended in its entirety to read as
follows:

     (e) Discriminatory Matching Contributions. If the allocation of Matching Contributions
to a Participant’s Matching Contribution Account results in a discriminatory matching
contribution (as determined under Code sections 401(a)(4) or 401(m) and the regulations
thereunder) for such Participant because the Matching Contribution relates to a Deferral
Contribution that exceeds the limitations described in Section 3.3 or this Section 11.4,
or because of any other reason, and such discriminatory matching contribution cannot be
distributed as an excess Matching Contribution pursuant to Section 11.5, such
discriminatory matching contribution, or the portion thereof that

3

 

results in prohibited discrimination, will be forfeited notwithstanding any other
provision of the Plan to the contrary.

     13. Article 11 of the Plan (“Limitations on Contributions and Allocations to Participants’
Accounts”) is further amended by the addition of new Sections 11.5 and 11.6 thereto to read as
follows:

     11.5 Limitation on Matching Contributions. The limitations of this Section 11.5 will
apply to Participants for Plan Years beginning on or after January 1, 2009.

          (a) Average Contribution Percentage Test. Notwithstanding any other provision of the
Plan, the Average Contribution Percentage for a Plan Year for Participants who are Highly
Compensated Employees will not exceed the greater of: (i) the Average Contribution
Percentage for Participants who are Nonhighly Compensated Employees multiplied by 1.25; or
(ii) the lesser of (A) the Average Contribution Percentage for Participants who are
Nonhighly Compensated Employees plus two percentage points or (B) the Average Contribution
Percentage for Participants who are Nonhighly Compensated Employees multiplied by 2.0.

          (b) Suspension of Matching Contributions. If at any time during a Plan Year the
Committee determines, on the basis of estimates made from information then available, that
the limitation described in subsection (a) above will not be met for the Plan Year, the
Committee in its discretion may reduce or suspend the Matching Contributions of one or more
Participants who are Highly Compensated Employees to the extent necessary (i) to enable the
Plan to meet such limitation or (ii) to reduce the amount of Excess Matching Contributions
that would otherwise be forfeited or distributed pursuant to subsection (c) below.

          (c) Reduction of Excess Matching Contributions. If for any Plan Year the Average
Contribution Percentage for Participants who are Highly Compensated Employees exceeds the
limitation described in Section 11.5(a) above, the dollar amount of excess Matching
Contributions will be forfeited (if forfeitable) or distributed (if not forfeitable) to the
Highly Compensated Employees on the basis of the respective portions of the excess Matching
Contributions attributable to each such Highly Compensated Employee until the aggregate
amount of excess Matching Contributions has been forfeited or distributed. For purposes of
this subsection, excess Matching Contributions means, for a Plan Year, the excess of (i) the
aggregate amount of Matching Contributions actually made on behalf of Highly Compensated
Employees for the Plan Year, over (ii) the maximum amount of such contributions permitted
for such Plan Year under Section 11.5(a) (determined by reducing Matching Contributions
made on behalf of Highly Compensated Employees in order of the Contribution Percentages
beginning with the highest of such percentages). Such excess Matching Contributions will be
forfeited or distributed on the basis of the dollar amount of Matching Contributions for
each such Participant (as hereinafter provided) until the aggregate amount of excess
Matching Contributions has been forfeited or distributed. The Matching Contributions of the
Highly Compensated Employee with the highest dollar amount of Matching

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Contributions will be reduced first by the amount required to cause that Participant’s
Matching Contributions to equal the dollar amount of the Matching Contributions of the
Highly Compensated Employee with the next highest dollar amount, and this process will be
repeated until the total amount of excess Matching Contributions has been forfeited or
distributed. Upon forfeiture or distribution of the total excess Matching Contributions in
this manner, the Plan will be treated as satisfying the limitations of subsection (a) above.

          All distributions under this subsection will be increased by Trust Fund earnings and
decreased by Trust Fund losses for the Plan Year and will be made within two and one-half
months following the close of the Plan Year, if practicable, but in no event later than the
last day of the immediately following Plan Year.

          (d) Determination of Earnings and Losses. The earnings and losses of the Trust Fund
for the Plan Year allocable to the portion of a Participant’s Matching Contributions that
are forfeited pursuant to Section 11.4 or distributed pursuant to subsection (c) above will
be determined by multiplying the Trust Fund earnings or losses for the Plan Year allocable
to the Participant’s Matching Contribution Account by a fraction, the numerator of which is
the amount of Matching Contributions to be distributed or forfeited and the denominator of
which is the balance of the Participant’s Matching Contribution Account on the last day of
the Plan Year, reduced by the earnings and increased by the losses allocable to such Account
for the Plan Year.

     11.6 Aggregation and Disaggregation Rules.

          (a) Code Section 415. For purposes of the allocation limitations under Code section
415 set forth in this Article, (i) all Defined Benefit Plans ever maintained by a Controlled
Group Member will be treated as one Defined Benefit Plan, and all Defined Contribution Plans
ever maintained by a Controlled Group Member will be treated as one Defined Contribution
Plan, and (ii) Controlled Group Members will be determined in accordance with the 50%
control rule of Code section 415(h).

          (b) Code Section 401(k). For purposes of the limitation on Deferral Contributions set
forth in this Article, the Average Deferral Percentage for any Participant who is a Highly
Compensated Employee for the Plan Year and who is eligible to have deferral contributions
allocated to his account under two or more plans or arrangements described in Code section
401(k) that are maintained by the Company or any Controlled Group Member will be determined
as if all such deferral contributions were made under a single arrangement (unless such
plans or arrangements may not be permissively aggregated under applicable regulations).
Plans that are aggregated for purposes of satisfying the minimum coverage rules of Code
section 410(b) (other than for purposes of the average benefits percentage test) will be
treated as a single plan for such purposes. For purposes of the limitation on Deferral
Contributions set forth in this Article, the aggregation and disaggregation of plans will be
determined under the rules of Code section 401(k) and the regulations thereunder.

          (c) Code Section 401(m). The Contribution Percentage of a Participant who is a Highly
Compensated Employee for a Plan Year and who is eligible

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to make voluntary employee contributions or receive deferral contributions or matching
employer contributions allocated to his account under two or more Defined Contribution Plans
maintained by the Company or a Controlled Group Member will be determined as if all such
contributions were made to a single plan (unless such plans may not be permissively
aggregated under applicable regulations). Plans that are aggregated for purposes of
satisfying the minimum coverage rules of Code section 410(b) (other than for purposes of the
average benefits percentage test) will be treated as a single plan for such purposes. For
purposes of the limitation on Matching Contributions set forth in this Article, the
aggregation and disaggregation of plans will be determined under the rules of Code section
401(m) and the regulations thereunder.

          (d) Testing Procedures. In applying the limitations set forth in Sections 11.4 and
11.5, the Committee may, at its option, utilize such testing procedures as may be permitted
under Code sections 401(a)(4), 401(k), 401(m) or 410(b), including without limitation (i)
aggregation of the Plan with one or more other qualified plans maintained by a Controlled
Group Member or disaggregation of the Plan into component plans, (ii) inclusion of qualified
matching contributions, qualified nonelective contributions or elective deferrals made to
plans of other Controlled Group Members, (iii) exclusion of all Employees (other than Highly
Compensated Employees) who have not met the minimum age and service requirements of Code
section 410(a)(1)(A), or (iv) any permissible combination thereof.

     14. The foregoing amendments will be effective April 12, 2009.

     Executed at Dallas, Texas, this 10th day of March, 2009.

	 	 	 	 	 
	 	BELO CORP.

 	 
	 	By:  	/s/ Kim S. Besse
 	 
	 	 	Kim S. Besse 	 
	 	 	Vice President/Human Resources 	 
	 

6exv10w40

EXHIBIT 10.40

Third Amendment to 

Drug Product Production and Clinical Supply Agreement

     This Third Amendment (the “Third Amendment”) is entered into and effective as of
November 25, 2008 (the “Third Amendment Date”) by and between Altus Pharmaceuticals Inc.,
a Delaware corporation (“Altus”), and Althea Technologies, Inc., a Delaware corporation
(“Althea”).

     Whereas, Altus and Althea are parties to that certain Drug Product Production and
Clinical Supply Agreement dated August 15, 2006 (the “Original Agreement”), as amended by that
certain First Amendment dated June 25, 2007 and that certain Second Amendment dated March 12, 2008
(collectively, the “Agreement”). Capitalized terms used but not otherwise defined herein shall
have the meanings provided in the Agreement;

     Whereas, Altus desires that Althea perform, and Althea is willing to perform, certain
development and production services relating to the Drug Product that are in addition to the
activities contemplated by Schedule 1 to the Agreement; and

     Whereas, the Parties desire to amend the Agreement in order to provide for the
performance of such additional services by Althea and to set forth the compensation to be paid by
Altus for such additional services, on the terms and subject to the conditions of the Agreement, as
amended by this Third Amendment.

     Now, Therefore, in consideration of the mutual covenants contained herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties agree as follows:

1. Additional Schedule. A new Schedule 1A is hereby added to, and incorporated by reference in,
the Agreement. Schedule 1A shall read in its entirety as set forth in Exhibit A to this Third
Amendment (the “Additional Schedule”). For purposes of clarification, the activities specified in
the Additional Schedule are in addition to those contemplated by the Agreement as it exists
immediately prior to the Third Amendment Date, and the Additional Schedule is not intended to amend
or replace, and shall not be construed as amending or replacing, Schedule 1 to the Agreement.
Althea and Altus hereby agree to perform their respective obligations under the Additional Schedule
in accordance with, and subject to, the terms and conditions of the Agreement, as amended by this
Third Amendment. The Parties agree that performance of the activities set forth in the Additional
Schedule and substantial compliance with the timelines by the Parties in the Additional Schedule
are material obligations of the Parties under the Agreement, as amended by this Third Amendment.

Portions of this Exhibit are omitted and have been filed separately with the Secretary of the

Commission pursuant to the Registrant’s application requesting confidential treatment

under Rule 24b-2 of the Exchange Act

1

 

2. Additional Payments. In consideration for the activities to be performed by Althea pursuant to
the Additional Schedule, Altus agrees to make payment to Althea in the amounts and on the schedule
set forth in the Additional Schedule. For purposes of
clarification, the payments set forth in the Additional Schedule are in addition to any and all
payments contemplated by the Agreement as it exists immediately prior to the Third Amendment Date.
Any amount paid by Altus as a prepayment for a particular category of services, as set forth in the
Payment Schedule in the Additional Schedule, shall be applied against the first payment(s) due to
Althea for such category of services until such prepayment is fully applied; provided, however,
that if Altus cancels the work described in the Additional Schedule or terminates the Agreement
before all of such prepayments have been applied, the [*] shall be [*], and Althea will [*]. All
payments contemplated by this Third Amendment shall be subject to the provisions of Sections 5.8,
5.9, 5.11 and 5.12 of the Agreement.

3. Payment on Termination. For the avoidance of doubt, the Parties acknowledge and agree that the
provisions of Section 6.3 of the Original Agreement shall apply to all payments made pursuant to,
or contemplated by, this Third Amendment.

4. Effectiveness of Agreement. Except as specifically amended by this Third Amendment, the terms
and conditions of the Agreement shall remain in full force and effect.

5. Counterparts. This Third Amendment may be executed in counterparts, each of which shall be
deemed an original document, and all of which, together with this writing, shall be deemed one
instrument.

[SIGNATURE PAGE FOLLOWS]

Portions of this Exhibit are omitted and have been filed separately with the Secretary of the

Commission pursuant to the Registrant’s application requesting confidential treatment

under Rule 24b-2 of the Exchange Act

2

 

     In Witness Whereof, the Parties hereto have duly executed this Third Amendment as of
the Third Amendment Date.

	 	 	 	 	 	 	 
	Altus Pharmaceuticals Inc. 	 	Althea Technologies, Inc.
	 
	 	 	 	 	 	 
	By:

	 	/s/ Burkhard Blank
	 	By:
	 	/s/ W. Alan Moore
	 

	 	 
	 	 	 	 
	Name:

	 	Burkhard Blank
	 	Name:
	 	W. Alan Moore
	 

	 	 
	 	 	 	 
	Title:

	 	Executive Vice President
	 	Title:
	 	Executive Vice President and CBO
	 

	 	 
	 	 	 	 

Portions of this Exhibit are omitted and have been filed separately with the Secretary of the

Commission pursuant to the Registrant’s application requesting confidential treatment

under Rule 24b-2 of the Exchange Act

3

 

Exhibit A

Additional Schedule (Schedule 1A to the Agreement)

See attached.

Portions of this Exhibit are omitted and have been filed separately with the Secretary of the

Commission pursuant to the Registrant’s application requesting confidential treatment under

Rule 24b-2 of the Exchange Act

 

 

[*]

	 	 	 	 	 	 	 
	Altus Pharmaceuticals Inc. 	 	Althea Technologies, Inc.
	 
	 	 	 	 	 	 
	By:

	 	/s/ Burkhard Blank
	 	By:
	 	/s/ W. Alan Moore
	 

	 	 
	 	 	 	 
	Name:

	 	Burkhard Blank
	 	Name:
	 	W. Alan Moore
	 

	 	 
	 	 	 	 
	Title:

	 	Executive Vice President
	 	Title:
	 	Executive Vice President and CBO
	 

	 	 
	 	 	 	 

Portions of this Exhibit are omitted and have been filed separately with the Secretary of the

Commission pursuant to the Registrant’s application requesting confidential treatment under

Rule 24b-2 of the Exchange Act

 

 

[*]

Portions of this Exhibit are omitted and have been filed separately with the Secretary of the

Commission pursuant to the Registrant’s application requesting confidential treatment under

Rule 24b-2 of the Exchange Act

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