Document:

TGNA-2015.06.28-EX10-11

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EXHIBIT  10-11
GANNETT CO., INC.
TRANSITIONAL COMPENSATION PLAN
Restated as of August 7, 2007

Amendment No. 3 

Effective June 29, 2015, Gannett Co., Inc. hereby amends the Gannett Co., Inc. Transitional Compensation Plan, restated as of August 7, 2007 (the “Plan”), in the following respects:
		
	1.
	The following is inserted prior to Section 1:

Introduction and Effect of Spin-off
In 2015, Gannett Co., Inc. separated its digital/broadcast and publishing businesses into two separate publicly traded companies.  The separation occurred when Gannett Co., Inc. contributed its publishing businesses to a newly formed subsidiary, Gannett SpinCo, Inc., and distributed the stock of Gannett SpinCo, Inc. to its shareholders (the “Spin-off”).  In connection with the Spin-off, Gannett SpinCo, Inc. was renamed “Gannett Co., Inc.” (“SpinCo”).  The entity formerly known as Gannett Co., Inc. was renamed “TEGNA Inc.” (the “Company”) and continues the digital/broadcast businesses.
Effective as of the Spin-off, this Plan shall be renamed as the “TEGNA Transitional Compensation Plan”.  
In connection with the Spin-off, the Company entered into that certain Employee Matters Agreement by and between the Company and SpinCo dated 
 
June 26, 2015 (the “Employee Matters Agreement”).  Under the Employee Matters Agreement, SpinCo was required to establish its 2015 Transitional Compensation Plan for benefit of certain “SpinCo Group Employees”  (as defined under the Employee Matters Agreement), some of whom were Participants in this Plan immediately before the Spin-off.  Such Participants who are SpinCo Group Employees cease to participate in this Plan as of the Spin-off.  No participant in the SpinCo 2015 Transitional Compensation Plan is entitled to any benefits under this Plan.  The Employee Matters Agreement may be used as an aid in interpreting the terms of the benefits hereunder.  
No benefits are payable under this Plan or under the SpinCo 2015 Transitional Compensation Plan as a consequence of the Spin-off.  For any employee who is employed by SpinCo immediately after the Spin-off, the change in employment resulting from the Spin-off shall not be considered a “separation from service”, “retirement”, “cessation of employment”, “termination of employment”,  or similar term. 

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Notwithstanding any other provision of this Plan, and for avoidance of doubt, the Spin-off shall not be considered a Change in Control hereunder and only a Change in Control of TEGNA Inc. and not of SpinCo shall be considered a Change in Control with respect to Participants hereunder.   
2.Effective as of the Spin-off, all references to “Gannett Co., Inc.” or similar terms shall refer to TEGNA Inc. as appropriate.
3.Section 7(b)(vi)(B) is amended to replace the sentence in the first paragraph of such section that begins with “If Limited Payment applies” and the ordering rules thereunder with the following:
If Limited Payment applies, Payments shall be reduced in a manner that would not result in the Participant incurring an additional tax under Section 409A of the Code.  Accordingly, if Limited Payment applies, Payments not constituting nonqualified deferred compensation under Section 409A would be reduced first, in this order: 
		
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	Performance-based awards in accordance with Sections 15.3 and 15.4 of the Company’s 2001 Omnibus Incentive Compensation Plan (Amended and Restated as of May 4, 2010 as subsequently amended) (or any successor plan) (the “Omnibus Plan”), but excluding Section 409A Awards (as defined in such Plan).

		
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	Non-performance, service-based awards in accordance with Sections 15.3 and 15.4 of the Omnibus Plan, but excluding Section 409A Awards (as defined in such Plan).

		
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	Awards of Options and SARs under the Omnibus Plan in accordance with Sections 15.3 and 15.4 of the Omnibus Plan.

Then, if the foregoing reductions are insufficient, Payments constituting deferred compensation under Section 409A shall be reduced, in this order:
		
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	Performance-based Section 409A Awards in accordance with Sections 15.3 and 15.4 of the Omnibus Plan.

		
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	Payment of the severance amount under Section 7(b)(ii) hereof.

		
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	Payment of the pro rata bonus under Section 7(b)(i)(B) hereof.

		
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	Payment of the severance amount under Section 7(b)(v) hereof.

		
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	Non-performance, service-based Section 409A awards in accordance with Sections 15.3 and 15.4 of the Omnibus Plan.

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IN WITNESS WHEREOF, Gannett Co., Inc. has caused this Amendment to be executed by its duly authorized officer as of June 26, 2015.

GANNETT CO., INC.

By:    /s/ Todd A. Mayman                
Name: Todd A. Mayman
		
	Title:  
	Senior Vice President, General Counsel and SecretaryTGNA-2015.06.28-EX10-12

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EXHIBIT 10-12
Gannett Co., Inc.
2001 Omnibus Incentive Compensation Plan
(Amended and Restated as of May 4, 2010)
Amendment Number 2

Pursuant to Section 16 of the Gannett Co., Inc. 2001 Omnibus Incentive Compensation Plan (Amended and Restated as of May 4, 2010) (the “Plan”), Gannett Co., Inc. hereby amends the Plan, effective June 29, 2015:

		
	1.
	The following Introduction is inserted before Article 1:

Introduction
In 2015, Gannett Co., Inc. separated its digital/broadcast and publishing businesses into two separate publicly traded companies.  The separation occurred when Gannett Co., Inc. contributed its publishing businesses to a newly formed subsidiary, Gannett SpinCo, Inc., and distributed the stock of Gannett SpinCo, Inc. to its shareholders (the “Spin-off”).  In connection with the Spin-off, Gannett SpinCo, Inc. was renamed “Gannett Co., Inc.” (“SpinCo”).  The entity formerly known as Gannett Co., Inc. was renamed “TEGNA Inc.” (the “Company”) and continues the digital/broadcast businesses.
Effective as of the Spin-off, this Plan shall be renamed as the “TEGNA Inc. 2001 Omnibus Incentive Compensation Plan (Amended and Restated as of May 4, 2010)”.    
2.Article 1 is retitled “Establishment, Objectives, Duration and Effect of Spin-off” and the following new Section 1.4 is inserted at the end thereof:  
1.4    Effect of Spin-off

Pursuant to an Employee Matters Agreement by and between SpinCo and the Company dated June 26, 2015 (the “Employee Matters Agreement”), the Awards granted to certain employee and directors of the Company or its affiliates are hereby converted in connection with the Spin-off as set forth in that Agreement.  The Employee Matters Agreement sets forth certain rules that will apply with respect to outstanding Awards as of the date of the Spin-off, and such Agreement may be used as an aid in interpreting the terms of the benefits hereunder.  As set forth in the Employee Matters Agreement, SpinCo, and not the Company, shall be solely responsible for paying certain adjusted awards resulting from the Spin-off.  

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Notwithstanding any other provision of this Plan or the SpinCo 2015 Omnibus Incentive Compensation Plan, no Participant shall be entitled to duplicate benefits under both such Plans with respect to the same period of service or compensation. 

For any employee or director who is employed by or serving as a director of SpinCo immediately after the Spin-off, the change in employment or directorship status resulting from the Spin-off shall not be considered a “separation from service”, “retirement”, “cessation of employment”, “termination of employment”, “termination of employment with the Company”, “directorship termination”, “retirement from the Board”, “cessation of employment with the Company or any Affiliate” or similar term. 

Notwithstanding any other provision of this Plan, and for avoidance of doubt, the Spin-off shall not be considered a Change in Control hereunder. 

3.Effective as of the Spin-off, all references to “Gannett Co., Inc.” or similar terms shall refer to TEGNA Inc. as appropriate.
4.Section 15.3(d) is amended by adding the following sentence to the end of such section:
Notwithstanding the foregoing, if the only remaining Awards that are subject to the excise tax under Section 4999  that could  be reduced to accomplish Limited Vesting are Section 409A Awards, then performance-based Section 409A Awards may be reduced followed by non-performance, service-based Section 409A Awards.  
		
	5.
	Section 15.4 is amended to read in its entirety as follows:

Limitation on Payment.  Notwithstanding Section 15.1, if Limited Vesting applies then the amount paid on exercise or payment of an Award shall not exceed the largest amount that can be paid without causing an excise tax to be payable by the Participant under Section 4999 of the Code.  If payments are so limited, awards shall be deemed paid in the following order:
		
	(a)
	all Options or SARs that were accelerated pursuant to Section 15.1(a) shall be deemed paid first;

		
	(b)
	all awards of Restricted Stock and Restricted Stock Units that are not performance-based shall be deemed paid; and

		
	(c)
	finally, all awards of Performance Units, Performance Shares and performance-based Restricted Stock and Cash Awards shall then be deemed paid.

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As among awards or portions of awards of the same type, those vesting at the most distant time in the future (absent a Change in Control) shall be deemed paid last.

IN WITNESS WHEREOF, Gannett Co., Inc. has caused this Amendment to be executed by its duly authorized officer as of June 26, 2015.
GANNETT CO., INC.

By:   /s/ Todd A. Mayman                
Name: Todd A. Mayman
Title:   Senior Vice President, General Counsel and SecretaryTGNA-2015.06.28-EX10-13

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EXHIBIT 10-13
GANNETT CO., INC.
EXECUTIVE LIFE INSURANCE PLAN DOCUMENT

Amendment No. 1 

Effective June 29, 2015, Gannett Co., Inc. hereby amends the Gannett Co., Inc. Executive Life Insurance Plan Document (the “Plan”) as follows:
1.The title of Section I is revised to read “Purpose, Background, and Effect of Spin-off”, and the following is inserted at the end of Section I:

In 2015, Gannett Co., Inc. separated its digital/broadcast and publishing businesses into two separate publicly traded companies.  The separation occurred when Gannett Co., Inc. contributed its publishing businesses to a newly formed subsidiary, Gannett SpinCo, Inc., and distributed the stock of Gannett SpinCo, Inc. to its shareholders (the “Spin-off”).  In connection with the Spin-off, Gannett SpinCo, Inc. was renamed “Gannett Co., Inc.” (“SpinCo”).  The entity formerly known as Gannett Co., Inc. was renamed “TEGNA Inc.” (the “Company”) and continues the digital/broadcast businesses.
2.Effective as of the Spin-off, this Plan is renamed the “TEGNA Inc. Executive Life Insurance Plan Document” and all references to “Gannett Co., Inc.” or similar terms in this Plan shall refer to TEGNA Inc. as appropriate.

IN WITNESS WHEREOF, Gannett Co., Inc. has caused this Amendment to be executed by its duly authorized officer as of June 26, 2015.

GANNETT CO., INC.

By:    /s/ Todd A. Mayman                
Name: Todd A. Mayman
		
	Title:  
	Senior Vice President, General Counsel and Secretary

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