Document:

Eleventh Supplemental Indenture

 Exhibit 10.1 
  
  
 WMG ACQUISITION CORP. 
 Issuer 
 RHINO NAME & LIKENESS HOLDINGS, LLC 
 RHINO/FSE HOLDINGS, LLC 
 NETWORK LICENSING COLLECTION LLC 
 and

 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 Trustee 
  
  
 ELEVENTH SUPPLEMENTAL INDENTURE 
 Dated as of
February 5, 2008 
 TO 
 INDENTURE 
 Dated as of April 8, 2004 
 as amended 
 U.S. Dollar-denominated 7 3/8% Senior Subordinated Notes due 2014 
 Sterling-denominated 8 1/8% Senior Subordinated Notes due 2014 
  
  
  

 This ELEVENTH SUPPLEMENTAL INDENTURE is dated as
of this 5th day of February 2008 (the “Eleventh Supplemental Indenture”), among WMG ACQUISITION CORP., a Delaware corporation (the “Company”), RHINO NAME & LIKENESS HOLDINGS, LLC, RHINO/FSE HOLDINGS, LLC AND
NETWORK LICENSING COLLECTION LLC (each, a “Subsidiary Guarantor,” and collectively, the “Subsidiary Guarantors”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as indenture trustee (the “Trustee”). 
 WHEREAS, the Company, the guarantors parties thereto and the Trustee entered into an Indenture
dated as of April 8, 2004, as amended by the First Supplemental Indenture, dated as of November 16, 2004 among the Company, the Trustee, WEA Urban LLC and WEA Rock LLC (since renamed Asylum Records LLC and East West Records LLC,
respectively), as further amended by the Second Supplemental Indenture, dated as of May 17, 2005, among the Company, the Trustee, NonZero, LLC (since renamed Cordless Recordings LLC) and The Biz LLC, as further amended by the Third Supplemental
Indenture, dated as of September 28, 2005, among the Company, the Trustee and Lava Records LLC, as further amended by the Fourth Supplemental Indenture, dated as of October 26, 2005, among the Company, the Trustee and BB Investments LLC,
as further amended by the Fifth Supplemental Indenture, dated as of November 29, 2005, among the Company, the Trustee and Perfect Game Recording Company LLC, as further amended by the Sixth Supplemental Indenture, dated as of June 30,
2006, among the Company, the Trustee, En Acquisition Corp., Rep Sales, Inc., Restless Acquisition Corp., Ryko Corporation, Rykodisc, Inc., Rykomusic, Inc., Warner Music Austria Beteiligungsmanagement GmbH, Warner Music Austria Holding GmbH, Warner
Music Canada Asset Holdings LLC and Warner Music Investments Luxembourg S.a.r.l., as further amended by the Seventh Supplemental Indenture, dated as of September 29, 2006, among the Company, the Trustee, Alternative Distribution Alliance,
Maverick Recording Company and Maverick Partner Inc., as further amended by the Eighth Supplemental Indenture, dated as of November 29, 2006, among the Company, the Trustee, Atlantic Productions LLC and FBR Investments LLC, as further amended
by the Ninth Supplemental Indenture, dated as of August 3, 2007, among the Company, the Trustee, Atlantic Mobile LLC, Atlantic Scream LLC, Bulldog Entertainment Group LLC, Bulldog Island Events LLC, Griffen Corp. and Non-stop Music Holdings
Inc., and as further amended by the Tenth Supplemental Indenture, dated as of November 28, 2007, among the Company, the Trustee, Non-Stop Music Publishing, LLC, Non-Stop Productions, LLC, Non-Stop Music Library, LLC, Non-Stop International
Publishing, LLC, Non-Stop Outrageous Publishing, LLC and Non-Stop Cataclysmic Music, LLC (collectively, the “Indenture”), for the benefit of each other and for the equal and ratable benefit of the Holders of the
U.S. Dollar-denominated 7 3/8% Senior Subordinated Notes due 2014 and the Sterling-denominated 8 1/8% Senior Subordinated Notes due 2014 (the “Notes”). Capitalized terms used herein without definition have the meanings
ascribed to such terms in the Indenture; 
 WHEREAS, Section 4.16 of the Indenture requires the Company to cause certain
Restricted Subsidiaries to execute and deliver a supplemental indenture to the Indenture providing for issuance by such Restricted Subsidiary of a Subsidiary Guarantee of payment of the Notes; 
 WHEREAS, Section 9.01(6) of the Indenture provides that, without the consent of the Holders, the Company and the Trustee, together, may amend or
supplement the Indenture, the Guarantees and the Notes without notice to or consent of any Holder to add a Guarantee of the Notes; 
 WHEREAS, the Company and the Subsidiary Guarantors desire and have requested the Trustee to join with it in the execution and delivery of this Eleventh Supplemental Indenture; 
  

 NOW, THEREFORE, in consideration of the addition of the Subsidiary Guarantors named below as Subsidiary
Guarantors hereunder, the Company and each of the Subsidiary Guarantors named below covenant and agree with the Trustee as follows: 
 1.    Each of Rhino Name & Likeness Holdings, LLC, Rhino/FSE Holdings, LLC and Network Licensing Collection LLC shall become a Subsidiary Guarantor as of the date of this Eleventh Supplemental Indenture by
execution and delivery of this Eleventh Supplemental Indenture. 
 2.    The Indenture, as supplemented and amended by
this Eleventh Supplemental Indenture, is in all respects ratified and confirmed, and the Indenture and this Eleventh Supplemental Indenture shall be read, taken and construed as one and the same instrument. 
 3.    If any provision hereof limits, qualifies or conflicts with another provision hereof which is required to be included in this
Eleventh Supplemental Indenture by any of the provisions of the Trust Indenture Act, such required provision shall control. 
 4.    All covenants and agreements in this Eleventh Supplemental Indenture by the Company and each of the Subsidiary Guarantors shall bind their respective successors and assigns, whether so expressed or not. 

5.    In case any provision in this Eleventh Supplemental Indenture shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 6.    Nothing in this Eleventh Supplemental Indenture, expressed or implied, shall give to any Person, other than the parties hereto and their successors hereunder, and the Holders any benefit or any legal or equitable
right, remedy or claim under this Eleventh Supplemental Indenture. 
 7.    THIS ELEVENTH SUPPLEMENTAL INDENTURE AND THE
NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 8.    This Eleventh
Supplemental Indenture shall comply with the Trust Indenture Act as then in effect. 
 9.    The Eleventh Supplemental
Indenture may be executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 
 10.    In case any one or more of the provisions of this Eleventh Supplemental Indenture or in the Notes shall be held invalid,
illegal or unenforceable, in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall not in any way be affected or impaired thereby, it being intended
that all of the provisions hereof shall be enforceable to the full extent permitted by law. 
 11.    The recitals
contained herein shall be taken as statements of the Issuer and each of the Subsidiary Guarantors, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of the
Indenture, this Eleventh Supplemental Indenture or of the Notes and shall not be accountable for the use or application by the Company of the Notes or the proceeds thereof. 
  

 IN WITNESS WHEREOF, the parties have executed this Eleventh Supplemental Indenture as of the date first
written above. 
  

					
	WMG ACQUISITION CORP.
		
	By:	 	 /s/ Paul Robinson

	Name:	 	Paul Robinson
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	RHINO NAME & LIKENESS HOLDINGS, LLC
		 	By:	 	Warner Music Inc.
		
	By:	 	 /s/ Paul Robinson

	Name:	 	Paul Robinson
	Title:	 	Vice President
	
	RHINO/FSE HOLDINGS, LLC
		 	By:	 	Rhino Name & Likeness Holdings, LLC
		
	By:	 	 /s/ Paul Robinson

	Name:	 	Paul Robinson
	Title:	 	Vice President
	
	NETWORK LICENSING COLLECTION LLC
		 	By:	 	Warner Music Inc.
		
	By:	 	 /s/ Paul Robinson

	Name:	 	Paul Robinson
	Title:	 	Vice President

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Indenture Trustee

		
	By:	 	 /s/ Jeffery Rose

	Name:	 	Jeffery Rose
	Title:	 	Vice PresidentMedia General, Inc., Supplemental 401(k) Plan

 Exhibit 10.01 
 MEDIA GENERAL, INC. 
 SUPPLEMENTAL 401(k) PLAN 
 Amended and Restated as of January 1, 2008 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
 TABLE OF CONTENTS 
  

					
	 	  	 	  	 Page

	 ARTICLE I
	  	INTRODUCTION	  	1
			
	 ARTICLE II
	  	DEFINITIONS	  	2
	 2.01
	  	Administrator	  	2
	 2.02
	  	Affiliated Company	  	2
	 2.03
	  	Beneficiary	  	2
	 2.04
	  	Board of Directors	  	2
	 2.05
	  	Code	  	2
	 2.06
	  	Company	  	2
	 2.07
	  	Compensation	  	3
	 2.08
	  	Effective Date	  	3
	 2.09
	  	Eligible Employee	  	3
	 2.10
	  	Employee	  	3
	 2.11
	  	Employer	  	3
	 2.12
	  	401(k) Plan	  	3
	 2.13
	  	Investment Funds	  	4
	 2.14
	  	Matching Contribution	  	4
	 2.15
	  	Matching Contribution Account	  	4
	 2.16
	  	Normal Retirement Date	  	4
	 2.17
	  	Participant	  	4
	 2.18
	  	Participating Employer	  	4
	 2.19
	  	Plan	  	4
	 2.20
	  	Plan Compensation	  	4
	 2.21
	  	Plan Year	  	5
	 2.22
	  	Separation from Service	  	5
	 2.23
	  	Stock	  	5
	 2.24
	  	Stock Fund	  	5
	 2.25
	  	Supplemental Contribution	  	5
	 2.26
	  	Supplemental Contribution Account	  	5
	 2.27
	  	Trust	  	5
	 2.28
	  	Trust Fund	  	6
	 2.29
	  	Trustee	  	6
	 2.30
	  	Valuation Date	  	6
			
	 ARTICLE III
	  	ADMINISTRATION	  	7
	 3.01
	  	Administrator	  	7
	 3.02
	  	Powers of Administrator	  	7
	 3.03
	  	Examination of Records	  	8
	 3.04
	  	Nondiscriminatory Exercise of Authority	  	8
	 3.05
	  	Reliance on Tables, etc.	  	8
	 3.06
	  	Indemnification of Administrator and Trustee	  	8

  

 i 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

					
	 3.07
	  	Costs of Administration	  	8
	 3.07
	  	Fiduciary Discretion	  	8
			
	 ARTICLE IV
	  	PARTICIPATION	  	10
	 4.01
	  	Participation	  	10
	 4.02
	  	Compensation Reduction Election	  	10
	 4.03
	  	Notice to Participants	  	10
			
	 ARTICLE V
	  	DEFERRALS AND MATCHING CONTRIBUTIONS	  	11
	 5.01
	  	Supplemental Contributions	  	11
	 5.02
	  	Compensation Reduction Election Form	  	11
	 5.03
	  	Matching Contributions	  	11
			
	 ARTICLE VI
	  	TRUST FUNDS	  	13
	 6.01
	  	Unfunded Plan	  	13
	 6.02
	  	Appointment of Trustee	  	13
	 6.03
	  	Investment Funds Within the Trust Fund	  	13
	 6.04
	  	Acquisition of Stock	  	13
	 6.05
	  	Investment of Contributions and Earnings	  	14
	 6.06
	  	Protection of Trustee and Limitation of Liability	  	14
			
	 ARTICLE VII
	  	PARTICIPANT ACCOUNTS	  	15
			
	 ARTICLE VIII
	  	DISTRIBUTION OF BENEFITS	  	16
	 8.01
	  	Payment of Accounts	  	16
	 8.02
	  	Payments to Beneficiary	  	17
	 8.03
	  	Beneficiary Designation	  	17
	 8.04
	  	Benefits Non-Assignable	  	17
	 8.05
	  	Claims Procedure	  	17
	 8.06
	  	Anti-Acceleration	  	17
	 8.07
	  	Special Election	  	18
			
	 ARTICLE IX
	  	AMENDMENT AND TERMINATION	  	19
	 9.01
	  	Amendment	  	19
	 9.02
	  	Liability Upon Termination of the Plan	  	19
			
	 ARTICLE X
	  	MISCELLANEOUS	  	20
	 10.01
	  	Governing Law	  	20
	 10.02
	  	Notices and Elections	  	20
	 10.03
	  	Binding Effect	  	20
	 10.04
	  	Severability	  	20
	 10.05
	  	Gender and Number	  	20
	 10.06
	  	Titles and Captions	  	20
	 10.07
	  	Omnibus Provisions	  	20

  

 ii 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
 ARTICLE I 
 INTRODUCTION

 The purpose of the Media General, Inc. Supplemental 401(k) Plan (the “Plan”) is to provide supplemental retirement savings
to the Eligible Employees under the Plan, through a program of compensation reduction deferrals (that are matched, in part, by employer contributions, in accordance with the terms of the Plan). This Plan is specifically designed to allow a select
group of key executives, whose pay exceeds the compensation limit of section 401(a)(17) of the Internal Revenue Code of 1986 (the “Code”) and whose elective deferral contributions to the MG Advantage 401(k) Plan are thereby limited
under the provisions of the Code, to defer compensation under this Plan by means of compensation reductions (and otherwise receive the benefit of partial employer matching provided under the Plan). 
 The Plan is intended to be a plan that is unfunded and maintained by the Company for the purpose of providing deferred compensation for a select group of
management or highly compensated employees as described in the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. 
 Effective January 1, 2008, the Plan is amended to conform the written terms of the Plan to the requirements of Code section 409A. The Plan has been operated in good faith compliance with the requirements of Code section 409A for
periods starting January 1, 2005, and through December 31, 2008. Effective January 1, 2008, the Plan is intended to comply with final regulations under Code section 409A. All questions concerning the Plan should be interpreted in
light of the Company’s intention to conform to the applicable requirements of ERISA and Code section 409A. 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 ARTICLE II 
 DEFINITIONS 
 Wherever used herein, the following terms have the following meanings (unless a
different meaning is clearly required by the context): 
  

	2.01	Administrator 

 Administrator means the
Company or other person, entity or committee appointed to administer the Plan, in accordance with Article III. 
  

	2.02	Affiliated Company 

 Affiliated Company means
(a) any corporation (other than the Company) that is a member of a controlled group of corporations (as defined in Code section 414(b)) with the Company, (b) any trade or business (other than the Company), whether or not incorporated, that
is under common control (as defined in Code section 414(c)) with the Company, and (c) any trade or business (other than the Company) that is a member of an affiliated service group (as defined in Code section 414(m)) of which the Company is
also a member, provided that, the term “Affiliated Company” shall not include any corporation or unincorporated trade or business prior to the date on which such corporation, trade or business satisfies the affiliation or control tests of
(a), (b) or (c) above. 
  

	2.03	Beneficiary 

 Beneficiary means the person or
persons entitled under Article VIII to receive benefits under the Plan upon the death of the Participant. 
  

	2.04	Board of Directors 

 Board of Directors means
the Board of Directors of the Company. 
  

	2.05	Code 

 Code means the Internal Revenue Code
of 1986, as amended from time to time. Reference to any section or subsection of the Code includes references to any comparable or succeeding provisions of any legislation that amends, supplements, or replaces such section or subsection. 

 

	2.06	Company 

 Company means Media General, Inc.,
a Virginia corporation, and any successor to all or a major portion of its assets or business that assumes the obligations of the Company. 
  

 2 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

	2.07	Compensation 

 Compensation means
compensation as defined under the 401(k) Plan, without regard to any reduction in compensation by reason of any compensation reduction agreement in effect between a Participant and a Participating Employer (and without any limitations otherwise
imposed under the Code). Otherwise, as to compensation for Plan purposes, see “Plan Compensation” below. 
  

	2.08	Effective Date 

 Effective Date means
August 1, 1987. The Plan was amended and restated, effective November 17, 1994 and April 29, 2004. The most recent amendment and restatement is effective January 1, 2008. 
  

	2.09	Eligible Employee 

 Eligible Employee means:

 (a) an Employee of the Company or a Participating Employer; 
 (b) whose Compensation (base annual salary and target bonus) exceed the compensation dollar limit imposed under Code section 401(a)(17) each year; and 
 (c) who otherwise is selected by the Company to participate in this Plan in accordance with the provisions of the Plan (and who has not thereafter become
ineligible to participate). 
  

	2.10	Employee 

 Employee means any person who is
employed by an Employer, but excludes any person who is employed as an independent contractor. 
  

	2.11	Employer 

 Employer means the Company and any
Participating Employer that shall adopt this Plan. When used in the Plan, the term “Employer” shall refer to the specific Employer of the Employee(s) or Participant(s) under consideration, rather than to all of the Employers in the
aggregate, unless the context requires otherwise. 
  

	2.12	401(k) Plan 

 401(k) Plan means the MG
Advantage 401(k) Plan. 
  

 3 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

	2.13	Investment Funds 

 Investment Funds means the
hypothetical investments of a Participant’s Account made in accordance with the Participant’s investment direction pursuant to Section 6.05. The Investment Funds shall be selected by the Administrator and may be changed from time to
time. 
  

	2.14	Matching Contribution 

 Matching Contribution
means, in the case of any Participant, any unfunded matching contribution allocation made for the benefit of the Participant by a Participating Employer under Section 5.03. 
  

	2.15	Matching Contribution Account 

 Matching
Contribution Account means, for any Participant, the unfunded Plan recordkeeping account described in Section 7.01 to which Matching Contributions for the Participant’s benefit (and earnings attributable thereto) are credited under the
Plan. 
  

	2.16	Normal Retirement Date 

 Normal Retirement
Date means the date on which the Participant attains age 65 (the “Normal Retirement Age”). 
  

	2.17	Participant 

 Participant means each Eligible
Employee who participates in the Plan, in accordance with Article IV hereof. 
  

	2.18	Participating Employer 

 Participating
Employer means the Company and any Affiliated Company that has adopted the Plan with the approval of the Company’s Board of Directors. 
  

	2.19	Plan 

 Plan means the Media General, Inc.
Supplemental 401(k) Plan as set forth herein, together with any and all amendments and supplements hereto. 
  

	2.20	Plan Compensation 

 Plan Compensation means
the excess (if any) of: 
 (a) the Participant’s Compensation for the Plan Year, as defined above and under the 401(k) Plan, without
regard to any reduction in compensation by reason of any compensation reduction agreement in effect between a Participant and a Participating Employer (and without any limitation otherwise imposed under the Code); over 
  

 4 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 (b) the annual tax-qualified plan compensation limitation set forth under Code section 401(a)(17), as
adjusted for that Plan Year. 
  

	2.21	Plan Year 

 Plan Year means the calendar
year. 
  

	2.22	Separation from Service 

 Separation from
Service means either: (i) the complete cessation of the performance of services by the Participant for the Company for whatever reason, or (ii) a diminished level of services where the Participant is expected to perform services at a level
equal to 20% or less of the average level of service provided during the immediately preceding 36 months. 
  

	2.23	Stock 

 Stock means the Class A common
stock of the Company. 
  

	2.24	Stock Fund 

 Stock Fund means the investment
fund holding Stock and cash. 
  

	2.25	Supplemental Contribution 

 Supplemental
Contribution means, in the case of any Participant, that portion of a Participant’s Plan Compensation that is deferred under the Plan in accordance with Article V hereof. 
  

	2.26	Supplemental Contribution Account 

 Supplemental Contribution Account means, for any Participant, the unfunded Plan recordkeeping account described in Section 7.01 to which Supplemental Contributions for the Participant’s benefit (and earnings attributable thereto)
are credited under the Plan. 
  

	2.27	Trust 

 Trust means the trust of trusts, if
any, that may be established between the Company and a Trustee for the convenience of the Company, in connection with the Company’s maintenance and operation of the Plan. All assets of any such trust shall be held solely for the benefit of, the
Company; or, otherwise, shall be held in trust subject to the claims of the Company’s creditors. The Plan shall remain solely an unfunded promise of the Company to pay benefits to Plan participants. 
  

 5 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

	2.28	Trust Fund 

 Trust Fund means any property
held in trust by the Trustee for the benefit of the Company (or held in trust, subject to the claims of the Company’s creditors). 
  

	2.29	Trustee 

 Trustee means any person or persons
appointed as Trustee pursuant to Section 6.02, any successor trustee or trustees, and any additional trustee or trustees. 
  

	2.30	Valuation Date 

 Valuation Date means, except
as provided in Section 9.02 or unless the Plan Administrator determines otherwise, each business day of each Plan Year after the Effective Date. 
  

 6 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 ARTICLE III 
 ADMINISTRATION 
  

	3.01	Administrator 

 The Plan will be administered
by the Company or by any person, entity or committee appointed from time to time by the Board of Directors to serve at its pleasure. A Participant may be appointed to serve as Administrator at the discretion of the Board of Directors. Except as may
be directed by the Company, no person serving as Administrator will receive any compensation for his services as Administrator. The Company shall provide the Trustee with a written certification stating the name or names of the Administrator (or the
designated persons authorized to direct the Trustee on behalf of the Administrator). The Trustee shall be entitled to rely upon such certification as to the identity of the Administrator (and any designated authorized persons) until the Company
otherwise notifies the Trustee. 
  

	3.02	Powers of Administrator 

 The Administrator
will have full and exclusive power and discretion to administer the Plan, including as to all of its details. For this purpose, the Administrator’s power will include, but will not be limited to, the following authority: 
 (a) to make and enforce such rules and regulations as it deems necessary or proper for the efficient administration of the Plan or as required to comply
with applicable law; 
 (b) to interpret the Plan, its interpretation thereof in good faith to be final and conclusive as to any Employee,
former Employee, Participant, former Participant and Beneficiary; 
 (c) to decide all questions concerning the Plan; 
 (d) to compute the amount of benefits which will be payable to any Participant, former Participant or Beneficiary in accordance with the provisions of
the Plan, and to determine the person or persons to whom such benefits will be paid; 
 (e) to authorize the payment of Plan benefits;

 (f) to keep such records and submit such filings, elections, applications, returns or other documents or forms as may be required under
the Code and applicable regulations, or under state or local law and regulations; and 
 (g) to appoint such agents, counsel, accountants,
consultants and recordkeepers as may be required to assist in administering the Plan. 
  

 7 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

	3.03	Examination of Records 

 The Administrator
will make available to each Participant such Plan records as pertain to the Participant, for examination at reasonable times during normal business hours. 
  

	3.04	Nondiscriminatory Exercise of Authority 

 Whenever, in the administration of the Plan, any discretionary review or action by the Administrator is required, the Administrator shall exercise such authority in a nondiscriminatory manner (so that all persons who are similarly situated
will receive substantially the same treatment). 
  

	3.05	Reliance on Tables, etc. 

 In administering
the Plan, the Administrator will be entitled, to the extent permitted by law, to rely conclusively on all tables, valuations, certificates, opinions and reports that are furnished by any trustee, counsel, accountant, consultant, recordkeeper or
other professional who is employed or engaged by the Administrator or the Company. 
  

	3.06	Indemnification of Administrator and Trustee 

 The company agrees to indemnify and defend, to the fullest extent of the law, any Employee or former Employee who in good faith serves or has served in the capacity of Administrator, as a member of a committee designated as Administrator or
as an authorized person acting on behalf of the Administrator, against any liabilities, damages, costs and expenses occasioned by having occupied any fiduciary position in connection with the Plan. 
 The Company agrees to indemnify and defend, to the fullest extent of the law, any claims against the Trustee arising from actions taken by the Trustee
pursuant to instructions from the Company or the Administrator; or, if the Trustee may not act in the absence of such instructions, its failure to act in the absence of such instructions. 
  

	3.07	Costs of Administration 

 All reasonable
costs and expenses incurred by the Administrator and the Trustee in administering the Plan and Trust will be paid by the Company. 
  

	3.08	Fiduciary Discretion 

 In discharging the
duties assigned to it under the Plan, the Committee and each other fiduciary with respect to the Plan has the discretion to interpret the Plan; adopt, amend and rescind rules and regulations pertaining to its duties under the Plan; and to make all
other determinations necessary or advisable for the discharge of its duties under the Plan. Each fiduciary’s discretionary authority is absolute and exclusive if exercised in a uniform and nondiscriminatory manner with respect to similarly
situated individuals. The 

  

 8 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 
express grant in the Plan of any specific power to a fiduciary with respect to any duty assigned to it under the Plan must not be construed as limiting any
power or authority of the fiduciary to discharge its duties. A fiduciary’s decision is final and conclusive unless it is established that the fiduciary’s decision constituted an abuse of its discretion. 
  

 9 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 ARTICLE IV 
 PARTICIPATION 
  

	4.01	Participation 

 An Eligible Employee may
become a Participant for the Plan Year by delivering an executed Compensation Reduction Election to the Administrator in accordance with the procedures set forth in the following Plan section. 
  

	4.02	Compensation Reduction Election 

 (a)
Amount of Supplemental Contributions. A Participant may elect to defer a dollar amount (in $1 increments) of his Plan Compensation under the Plan. The minimum deferral for a Plan Year is $500 and the maximum amount is the dollar limit
in effect under Code section 415(c)(1)(A). 
 (b) Elections. Except as provided in subsection (c), a Participant may make
an election to defer Plan Compensation for each Plan Year only if such election is made no later than December 31 of the prior Plan Year, or by such earlier date as may be announced by the Administrator. Such election shall remain in effect for
the entire Plan Year. Each Compensation Reduction Election shall be made on a form provided by the Administrator and shall specify such additional information as the Administrator may require. 
 (c) First Year of Eligibility. In the first Plan Year in which an Eligible Employee becomes eligible to participate in the Plan, the
Eligible Employee must make an initial compensation reduction election within 30 days after he or she becomes eligible to participate in the Plan. Such election shall only be valid with respect to Compensation paid for services rendered after the
date of the initial deferral election. 
  

	4.03	Notice to Participants 

 The Administrator
will inform each Employee who becomes eligible to participate in the Plan of his eligibility to participate and his requirement to execute a Compensation Reduction Election. 
  

 10 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 ARTICLE V 
 DEFERRALS AND MATCHING CONTRIBUTIONS 
  

	5.01	Supplemental Contributions 

 For each
Participant, who has in effect for any pay period an effective Compensation Reduction Election and otherwise is receiving Plan Compensation from a Participating Employer during such pay period, the Employer will reduce the Participant’s Plan
Compensation by (and the Company will record as a Supplemental Contribution) the amount (or percentage) of Plan Compensation specified in such Participant’s Compensation Reduction Election. Each unfunded Supplemental Contribution will be
credited to the Participant’s Supplemental Contribution Account, in accordance with Section 7.02. 
  

	5.02	Compensation Reduction Election Form 

 A
Compensation Reduction Election is a written agreement between a Participant and his Participating Employer that satisfies the requirements of this Section 5.02 and Section 4.02. Each election will provide that the Participant’s Plan
Compensation will be reduced by the amount specified in the election. Each election will be in a form prescribed or approved by the Administrator. 
  

	5.03	Matching Contributions 

 The Participating
Employer shall provide to the Company, with respect to each Participant’s Matching Contribution Account for each Plan Year, an amount equal to the lesser of: 
 (a) one hundred percent (100%) of the amount of the Participant’s Supplemental Contribution for the Plan Year; or 
 (b) five percent (5%) of the Participant’s Plan Compensation for the Plan Year. 
 The
Administrator shall estimate the unfunded Matching Contributions that will need to be recorded by the Company for the Participant during the Plan Year (based on the Participant’s Compensation Reduction Election and expected Plan Compensation).
Unless the Company determines otherwise, the Administrator then shall allocate the proposed Matching Contribution for the Plan Year for all Participants on a pro rata basis each pay period until such proposed Matching Contribution for the Plan Year
is exhausted. The appropriate portion of the proposed Matching Contribution for the Plan Year, as determined above, will be credited to the Participant’s unfunded Matching Contribution Account at the same time that the Participant’s
Supplemental Contributions are credited (after each pay period). 
  

 11 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 Following the end of each Plan Year, the Administrator shall adjust each Participant’s final
Matching Contributions for the completed Plan Year (to the final correct amount), by making a credit to, or deduction from, such Participant’s Matching Contribution Account (generally by January 31 of the following year). 
 If a Participant Separates from Service prior to the end of the Plan Year, however, the Administrator generally shall proceed with final adjustment of
the separated Participant’s Matching Contributions (by making a final credit to, or final deduction from, such Participant’s Matching Contribution Account by the last day of the month that next follows the Participant’s Separation
from Service). 
  

 12 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 ARTICLE VI 
 TRUST FUND 
  

	6.01	Unfunded Plan 

 The Plan shall be and remain
unfunded for federal income tax purposes and for purposes of Title I of ERISA. The Plan shall constitute only an unfunded promise by the Company to make future Plan benefit payments. Nevertheless, for the convenience of the Company, a trust fund may
be established to invest certain Company assets for the purpose of paying certain benefits. Any such trust shall be subject to the claims of the Company’s creditors. No Participant or Beneficiary shall have any right, title, or interest in, or
to, any trust asset. 
  

	6.02	Appointment of Trustee 

 The Company may
appoint, by written notice, one or more individuals or corporations to act as Trustee under the Plan; and, may remove and appoint a successor to any such person or persons at any time. The Trustee, and any Successor Trustee, shall be entitled to
written notice from the Company, stating the date on which the removal is effective. Written notice of removal, resignation or appointment shall be provided to all Trustees under the Plan. The Company may enter into a separate trust agreement with
the Trustee and make such amendments to such trust agreement or such further agreements as the Company, in its sole discretion, may deem necessary or desirable. 
  

	6.03	Investment Funds Within the Trust Fund 

 (a)
All contributions to a Trust and all investments thereunder shall be held by the Trustee in the applicable Trust Fund. The Trust Fund shall be invested in the Stock Fund and such other Investment Funds as may be selected from time to time by the
Administrator. All cash held by the Trustee is to be invested in the Stock Fund or other Investment Funds as soon as reasonably practicable. 
 (b) The Trustee, as directed by the Company, shall have the right to vote stock held in the Trust Fund, personally or by proxy, and to delegate the Trustee’s powers and discretions with respect to stock to a proxy. 
  

	6.04	Acquisition of Stock 

 The Trustee shall
purchase the Stock required for the Trust from such sources, and at such prices, as the Trustee shall determine in its sole discretion. 
  

 13 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

	6.05	Investment of Contributions and Earnings 

 (a) All amounts credited to a Participant’s Supplemental Contribution Account and Matching Contribution Account shall be hypothetically invested in the Stock Fund on the Plan’s records, as provided under the Plan’s
provisions. 
 (b) Upon the attainment of age 55, a Participant shall be entitled to direct the investment of his Supplemental Contribution
and Matching Contribution Accounts in such Investment Funds designated by the Administrator from time to time in accordance with procedures announced by the Administrator. 
  

	6.06	Protection of Trustee and Limitation of Liability 

 Each Trustee shall be fully protected in acting upon any instrument, certificate, or document believed by it to be genuine. The Trustee agrees to hold in trust and administer the Trust Fund subject to the terms and conditions of the
Company, including as set forth under the Plan. The Trustee’s responsibility shall be limited to holding and investing the assets of the Fund in its possession. 
  

 14 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 ARTICLE VII 
 PARTICIPANT ACCOUNTS 
  

	7.01	Accounts 

 The Administrator shall maintain
on its books for each Participant a Supplemental Contribution Account and a Matching Contribution Account. The Trustee may establish and maintain such subaccounts as it deems necessary or desirable to fulfill the provisions of the Plan. 

 

	7.02	Adjustments of Accounts 

 The Administrator
shall, as of each Valuation Date: 
 (a) First, with respect to each Participant, reduce the balance of his Supplemental Contribution Account
(until exhausted) and then the balance of his Matching Contribution Account, by the aggregate amount of all withdrawals and distributions provided to the Participant (or his Beneficiary) since the preceding Valuation Date; 
 (b) Second, credit each Participant’s Supplemental Contribution Account with the sum of the Supplemental Contributions made for his benefit for the
period ending on such Valuation Date; 
 (c) Third, credit each Participant’s Matching Contribution Account with the Matching
Contributions made for his benefit for the period ending on such Valuation Date; and 
 (d) Fourth, adjust the respective balances of each
Participant’s Supplemental Contribution Account and Matching Contribution Account, to reflect the hypothetical earnings, losses and current fair market value allocable to such accounts, whether by reference to any Trust established by the
Company for its convenience or otherwise. 
 In adjusting each unfunded account under subsection (d) above to track the current value of
assets in a Trust Fund, the Administrator will allocate to each account (in proportion to the balances therein immediately prior to such adjustment) an amount equal to the gain and loss (realized and unrealized) on the assets of the Trust Fund,
valued at fair market value (including any costs of operating the Trust). In the case of each Participant (including any former Participant or Beneficiary), the Plan shall continue to maintain the unfunded accounts described herein, and adjust such
accounts in the manner set forth above, until such Participant’s Accounts are distributed in their entirety. 
  

 15 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 ARTICLE VIII 
 DISTRIBUTION OF BENEFITS 
  

	8.01	Payment of Accounts 

 (a) Timing of
Payments. Upon the Participant’s Separation from Service, each Participant will be entitled to receive a distribution of his Supplemental Contribution Account and Matching Contribution Account. A Participant may elect, at the time he
completes his Compensation Reduction Election for a Plan Year, to have such Plan Year’s Account paid or begin to be paid: 
 (i) on the first day of the month following the six-month anniversary of the Participant’s Separation from Service; 
 (ii) on the first day of the month following the first anniversary of the Participant’s Separation from Service; or 
 (iii) on the first day of the month following the second anniversary of the Participant’s Separation from Service. 
 In the event a
Participant fails to make an election under this subsection, his Plan Year’s Account shall be paid or begin to be paid on the first day of the month following the six-month anniversary of the Participant’s Separation from Service.

 (b) Form of Payment. A Participant may elect, at the time he completes his Compensation Reduction Election for
a Plan Year to have such Plan Year’s Account paid in a lump sum or in annual installments of two to ten years. In the event a Participant fails to make an election under this subsection, his payment shall be made in a lump sum in cash.

 (c) Deemed Payment Date. Payment made on a date or
event specified in this Plan section or Plan section 8.02 shall be treated as made upon such date or event if it is made by the end of the calendar year in which such date or event occurs, or, if later, by the 15th day of the third month
following such date or event. 
 (d) Change in the Time or Form of Payments. A Participant may change his or her
election to a subsequent payout by submitting a new payment election form to the Administrator. Such election may not take effect until at least 12 months after the date on which the election is made, the election must be made at least 12 months
before the payment is scheduled to be made, and the payment with respect to which such election is made must be deferred for a period not less than five years from the date the payment would otherwise be made or commence. The payment election form
most recently accepted by the Administrator shall govern the payout of the benefits.  
  

 16 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

	8.02	Payments to Beneficiary 

 If the Participant
dies prior to receiving all Payments due him under the Plan, the Company (or the Trustee, at the direction of the Company) shall distribute all payments then due the Participant to the Participant’s Beneficiary (at the time provided for in the
Plan and in the amount that would have been provided to the Participant had he survived). 
  

	8.03	Beneficiary Designation 

 The Participant may
from time to time, by signing a form approved by the Administrator, designate any legal or natural person or persons (who may be designated contingently or successively) to whom payments are to be made if the Participant dies before receiving
payment of all amounts due hereunder. A beneficiary designation form will be effective only after the signed form is filed with the Administrator while the Participant is alive (and such designation will cancel, immediately upon filing, all
beneficiary designations signed and filed previously). If the Participant fails to designate a Beneficiary as provided above, or if all designated Beneficiaries of the Participant die before the Participant or before complete payment of all amounts
due hereunder, the Company shall pay any unpaid amounts to the Participant’s estate. 
  

	8.04	Benefits Non-Assignable 

 Benefits payable
to, or for the benefit of, a Participant or Beneficiary shall not be assignable and shall not be subject to the claims of creditors of such Participant or Beneficiary. 
  

	8.05	Claims Procedure 

 Any claim by a Participant
or his Beneficiary for benefits shall be submitted to the Administrator. The Administrator shall be responsible for deciding whether such claim properly relates to benefits provided by the Plan and for providing a final decision with respect to such
claim. In addition, the Administrator shall provide a full and fair review of the claim, in accordance with the procedures required by ERISA. 
 For all purposes under the Plan, the decision with respect to a claim (if no review is requested) or the decision with respect to a claim review (if review is requested) shall be final, binding and conclusive on all interested parties.

  

	8.06	Anti-Acceleration 

 Notwithstanding anything
in the Plan to the contrary, no change submitted on an election form shall be accepted by the Company if the change accelerates the time over which distributions shall be made to the Participant (except as other permitted under Code section 409A).
The Company shall deny any change made to an election if the Company determines that the change violates the requirement under Code section 409A. 
  

 17 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 Notwithstanding the preceding, the Company, in its discretion, may accelerate distributions under the
Plan in accordance with each of the payment events contained in Treasury Regulation section 1.409A-3(j)(4)(ii) through (xiv). 
  

	8.07	Special Election 

 A Participant may elect,
prior to December 31, 2008, to have his Account paid in the time and form described in Plan sections 8.01(a) and (b). Such election shall not apply to amounts otherwise payable in the year the election is made nor cause amounts to be paid in
the year the election is made that would not otherwise be payable in that year. Subsequent changes to the time or form of payment of such cash amount shall be made only in accordance with Code Section 409A. 
  

 18 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 ARTICLE IX 
 AMENDMENT AND TERMINATION 
  

	9.01	Amendment 

 The Company reserves the right to
amend, modify or terminate the Plan, in whole or in part, at any time or for any reason. Any such amendment, modification or termination of the Plan shall be made by a resolution adopted by the Board of Directors, provided, however, that any such
amendment applicable to a Participant’s Account must satisfy Treasury Regulation section 1.409A-3(j)(4)(ix). Neither the termination of the Plan nor any amendment to the Plan, however, shall retroactively reduce any benefit payable to the
Participant or Beneficiary (to the extent that such benefit was accrued and vested prior to the amendment, modification or termination). 
  

	9.02	Liability Upon Termination of the Plan 

 Upon
completion of account distributions to all Participants (by the Company or any Trustee), the Plan will terminate, the Company and the Administrator will be relieved from all liability under the Plan, and no Participant or other person will have any
further claims rights or other rights thereunder. 
  

 19 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 ARTICLE X 
 MISCELLANEOUS 
  

	10.01	 Governing Law 

 This Plan shall be
construed in accordance with applicable federal law and, to the extent otherwise applicable, the laws of the Commonwealth of Virginia. 
  

	10.02	 Notices and Elections 

 All notices
required to be given in writing and all elections required to be made in writing under any provision of the Plan shall be invalid unless made on such forms as may be provided or approved by the Administrator and, in the case of a notice or election
by a Participant or Beneficiary, unless executed by the Participant or Beneficiary giving such notice or making such election. Notices and elections shall be deemed given or made when received by any member of the committee that serves as
Administrator. 
  

	10.03	 Binding Effect 

 The Plan shall be
binding upon and inure to the benefit of the Company, its successors and assigns, and the Participant and his heirs, executors, administrators and legal representatives. 
  

	10.04	 Severability 

 If any provision of the
Plan should for any reason be declared invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall nevertheless remain in full force and effect. 
  

	10.05	 Gender and Number 

 In the construction
of the Plan, the masculine shall include the feminine or neuter and the singular shall include the plural and vice-versa in all cases where such meanings would be appropriate. 
  

	10.06	 Titles and Captions 

 Titles and
captions and headings herein have been inserted for convenience of reference only and are to be ignored in any construction of the provisions hereof. 
  

	10.07	 Omnibus Provisions 

 (a) Any benefit,
payment or other right provided by the Plan shall be provided or made in a manner, and at such time, in such form and subject to such election procedures (if any), as complies with the applicable requirements of Code section 409A to avoid a 

  

 20 

 Media General, Inc. 
 Supplemental 401(k) Plan 
 Amended and Restated as of January 1, 2008 
  

 
plan failure described in Code section 409A(a)(1), including without limitation, deferring payment until the occurrence of a specified payment event
described in Code section 409A(a)(2). Notwithstanding any other provision hereof or document pertaining hereto, the Plan shall be so construed and interpreted to meet the applicable requirements of Code section 409A to avoid a plan failure described
in Code section 409A(a)(1). 
 (b) It is specifically intended that all elections, consents and modifications thereto under the Plan will
comply with the requirements of Code section 409A (including any transition or grandfather rules thereunder). The Company is authorized to adopt rules or regulations deemed necessary or appropriate in connection therewith to anticipate and/or comply
the requirements of Code section 409A (including any transition or grandfather rules thereunder and to declare any election, consent or modification thereto void if non-compliant with Code section 409A. 
  

 21

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