Document:

Exhibit 10.2 

 

	
         

        Notice of Grant of Performance Stock Units 

and Performance
        Stock Unit Award Agreement
	
        Hologic, Inc. 

        ID: 04-2902449

        35 Crosby Drive

        Bedford, MA 01730 

 

 

 

	 	 
	Grantee Name

	Plan: 2008 Equity Incentive 

Plan (the “Plan”)	 
		
         

         
	 
	 	 	 

 

 

Effective GRANT DATE
(the “Grant Date”), you (the “Grantee”) have been granted an award of a target number of SHARES
GRANTED performance stock units (“PSUs”) of Hologic, Inc. (the “Company”)
(such number of PSUs are hereinafter referred to as the “Target Number of PSUs”). The PSUs are granted pursuant
to the terms and conditions of the Plan, referenced above, and the performance stock unit award agreement (the “PSU Award
Agreement”) provided herewith.

 

Subject to the terms and conditions of the PSU Award Agreement
and the Plan, and achievement of the performance targets set forth in the [20XX] Long-Term Performance Program (the “[20XX]
LTP Overview”), the PSUs will vest on the third anniversary of the Grant Date, entitling you to receive one share of the
Company’s common stock for each PSU so vested.

 

By your signature and the Company's signature below, you and
the Company agree that these PSUs are granted under and governed by the terms and conditions of the Plan and the PSU Award Agreement.

 

 

 

	 	 
	 	 	 	 
	Hologic, Inc.	Date
	 	 
	 	 	 	 
	Electronic Signature	Acceptance Date

  

    	 

    	 

    

 

Hologic, Inc. 

Performance Stock Unit Award Agreement

 

 

Performance Stock
Unit Award Agreement (the “PSU Award Agreement”) pursuant to the Hologic, Inc. 2008 Equity Incentive Plan, as it may
be amended from time to time (the “Plan”).

W I T N E S S E T H:

 

WHEREAS, the Company
and the Grantee desire to enter into an agreement whereby the Company will grant the Grantee Performance Stock Units (“PSUs”)
in respect of the Company’s Common Stock, $.01 par value per share (the “Common Stock”), as set forth in the
Notice of Grant of Performance Stock Units to which this PSU Award Agreement is attached (the “Award Notice”).

 

NOW THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Grantee agree
as follows:

 

1.Grant of PSUs. Pursuant to the terms and
conditions of this PSU Award Agreement and the Plan (which is incorporated herein by reference), the Company hereby grants to the
Grantee an award for the Target Number of PSUs as provided in the Award Notice. The shares of Common Stock covered by these PSUs
are sometimes hereinafter referred to as the “PSU Shares.” The number and class of securities and vesting schedule
of the PSUs are subject to adjustment as set forth in this PSU Award Agreement, the Plan and the [20XX] LTP Overview (which is
incorporated herein by reference). In the event of a conflict between the terms and conditions of the Plan and this PSU Award Agreement,
the terms and conditions of the Plan shall prevail. Capitalized terms used herein and not otherwise defined shall have the meanings
set forth in the Plan.

 

2.Performance Stock Units. Each PSU entitles
the Grantee to receive from the Company (i) one share of Common Stock for each PSU vested as of a Vesting Date (as defined below)
and (ii) the right to receive notional dividend equivalents, if any, each in accordance with the terms of and subject to adjustment
as provided in this PSU Award Agreement, the Plan and the [20XX] LTP Overview. After a Vesting Date, and subject to the terms and
conditions of this Agreement, the Company shall deliver the PSU Shares which have vested on that date. To the extent that the PSUs
granted hereby are not otherwise forfeited, the number of PSUs that vest shall be rounded to the nearest whole PSU.

 

3.Dividend Equivalents.
Until the Vesting Date, whenever dividends are paid or distributed with respect to the Common Stock, the Grantee shall be entitled
to receive notional dividend equivalents (the “Dividend Equivalents”) in an amount equal in value to the amount of
the dividend or property distributed on a single share of Common Stock as of the record date for such dividend or distribution,
multiplied by the number of PSUs granted hereunder that are vested as of the Vesting Date. Payment of the notional dividend equivalents
paid on PSUs will be withheld by the Company and shall be delivered to the Grantee as of the Vesting Date, if and only to the extent
that the PSUs have vested as of said date, as set forth in paragraph 4.

 

4.Vesting.

 

(a)Subject to achievement
of the performance targets set forth in the [20XX] LTP Overview, and except as otherwise set forth herein, the PSUs granted hereby
will vest on the third anniversary of the Grant Date as provided in the Award Notice, provided that the Grantee has remained
in continuous Service (as defined below) through such date (the “Restriction Lapse Date”). The calculation of the number
of PSUs, if any, that will vest on the Restriction Lapse Date is specified in the [20XX] LTP Overview and is based upon (a) the
Company achieving each of the three Annual ROIC Thresholds (as set forth in the [20XX] LTP Overview) and (b) the Three-Year Average
ROIC (as set forth in the [20XX] LTP Overview). If, for any fiscal year during the Performance Period (as defined below), the Company
does not achieve the applicable Annual ROIC Threshold the PSUs granted or otherwise eligible to be issued hereunder shall be forfeited
as of the last day of the applicable fiscal year. If the Company does not achieve the Minimum Three-Year Average ROIC (as set forth
in the [20XX] LTP Overview) during the Performance Period, the PSUs granted or otherwise eligible to be issued hereunder shall
be forfeited as of the last day of the Performance Period. For purposes of this PSU Award Agreement, the term “Service”
shall mean service as a Service Provider to the Company; and the term “Service Provider” shall mean an employee, officer
or director of the Company or an Affiliate of the Company or a consultant currently providing services to the Company or an Affiliate
of the Company. Whether a termination of Service shall have occurred for purposes of this PSU Award Agreement shall be determined
by the Company, which determination shall be final, binding and conclusive. If the Grantee’s Service is terminated prior
to the Restriction Lapse Date, then the unvested PSUs shall terminate and Grantee shall have no further rights hereunder, including
without limitation any rights to receive any Dividend Equivalents as set forth in paragraph 3, with respect to such unvested PSUs.
For purposes of this PSU Award Agreement, the term “Performance Period” shall be the period commencing on September
[XX], [20XX] (the first day of the Company’s current fiscal year) and ending on September [XX], [20XX] (the last day of the
Company’s fiscal year [20XX]).

 

    	 

    	 

    

 

(b)Notwithstanding
anything to the contrary in Section 4(a) above and subject to the conditions set forth below, the Target Number of PSUs granted
hereby will vest prior to the Restriction Lapse Date upon the termination of the Grantee’s Service as a result of the death
or Permanent Disability (as defined in Section 22(e)(3) of the Code) of the Grantee, provided that the Grantee has
remained in continuous Service through the date of termination, and the Company has not failed to achieve any of the Annual ROIC
Thresholds or the Minimum Three-Year Average ROIC for any fiscal year or Performance Period, as applicable, ended prior to the
date of termination (the “Termination Vesting Date”).

 

(c)Notwithstanding
anything to the contrary in Section 4(a) above and subject to the conditions set forth below, if the Company consummates a Change
of Control prior to the Restriction Lapse Date, the Target Number of PSUs granted hereby will vest on the earlier to occur of (i)
the Restriction Lapse Date or (ii) upon termination of the Grantee’s employment during the Change of Control Period either
(A) by the Company other than for Cause or (B) by the Grantee for Good Reason, provided that in the case of clause (i) the
Grantee has remained in continuous Service through the Restriction Lapse Date, and in the case of clause (ii)(A) or (ii)(B) the
Grantee has remained in continuous Service through the date of termination, and in each such case (clause (i), clause (ii)(A) or
clause (ii)(B)) the Company has not failed to achieve any of the Annual ROIC Thresholds or the Minimum Three-Year Average ROIC
for any fiscal year or Performance Period, as applicable, ended prior to the date of the Change of Control (the “Change of
Control Vesting Date” and each of the Restriction Lapse Date, the Termination Vesting Date, and the Change of Control Vesting
Date a “Vesting Date”). For the avoidance of doubt, the effect of the foregoing is that upon the occurrence of a Change
of Control prior to the Restriction Lapse Date, the Target Number of PSUs granted hereby that have not otherwise been forfeited
prior to the Change of Control shall in effect become time-lapsed restricted stock units (“RSUs”) for shares of the
Company’s Common Stock at a rate of one RSU for each of the Target Number of PSUs. Certain capitalized terms used in this
paragraph (c) are defined in Annex A. Notwithstanding anything to the contrary in this PSU Award Agreement (including the foregoing,
the [20XX] LTP Overview, or Annex A hereto), if the Grantee is a party to a prior written employment agreement, change of control
agreement or other similar written agreement (each a “Prior Agreement”), that provides, in certain circumstances, for
greater benefits regarding the accelerated vesting of equity awards (including PSUs) following a change of control of the Company
or similar transaction, the terms of such Prior Agreement shall control the definition of the term “Change of Control”
(or any term used therein of similar import), and the terms and conditions by which the vesting of the PSUs may be accelerated
as a result of a Change of Control, as well as the benefits that may otherwise be available to the Grantee upon a Change of Control.
For the avoidance of doubt, the parties hereby confirm that the PSUs granted hereunder shall be considered and treated as restricted
stock under any such Prior Agreement for purposes of determining whether any such vesting is accelerated.

 

5.Nontransferability.
The PSUs granted pursuant to this PSU Award Agreement may not be transferred without the consent
of the Company, other than by will or the laws of descent and distribution. 

 

6.No Rights Other Than Those
Expressly Created. Neither this PSU Award Agreement, the PSUs, nor any action taken hereunder shall be construed as (i)
giving the Grantee any right to be retained in the Service of, or continue to be affiliated with, the Company, (ii) giving the
Grantee any equity or interest of any kind in any assets of the Company, or (iii) creating a trust of any kind or a fiduciary relationship
of any kind between the Grantee and the Company. As to any claim for any unpaid amounts or distributions under this PSU Award Agreement,
any person having a claim for payments shall be an unsecured creditor. The Grantee shall not have any of the rights of a stockholder
with respect to any PSU Shares or any Dividend Equivalents until such time as the underlying PSU has been vested and the PSU Shares
have been issued.

 

    	 

    	 

    

 

7.Compliance with Laws. 

 

(a)Withholding
of Taxes. Pursuant to applicable federal, state, local or foreign laws, the Company may be required to collect or withhold
income or other taxes from Grantee upon a Vesting Date or at some other time. The Company may require, upon a Vesting Date, or
demand, at such other time as it may consider appropriate, that the Grantee pay the Company the amount of any taxes which the Company
may determine is required to be collected or withheld, and the Grantee shall comply with the requirement or demand of the Company.

 

(b)Section 280G. In the event
that the Grantee shall become entitled to payments and/or benefits provided by this PSU Award Agreement or any other amounts in
the “nature of compensation” as a result of a Change of Control (the “Company Payments”), and such Company
Payments will be subject to the excise tax (the “Excise Tax”) imposed by Section 4999 of the Code or similar provision,
then, except as may otherwise be provided in a Prior Agreement between the Company and the Grantee, the amounts of any Company
Payments shall be automatically reduced to an amount one dollar less than the amount that would subject the Grantee to the Excise
Tax.

 

(c)Securities
Law Compliance. Upon vesting (or partial vesting) of the PSUs granted hereunder, the Grantee shall make such representations
and furnish such information as may, in the opinion of counsel for the Company, be appropriate to permit the Company to issue or
transfer the PSU Shares in compliance with the provisions of applicable federal or state securities laws. The Company, in its discretion,
may postpone the issuance and delivery of PSU Shares until completion of such registration or other qualification of such shares
under any federal or state laws, or stock exchange listing, as the Company may consider appropriate. In addition, the Company may
require that prior to the issuance or transfer of PSU Shares, the Grantee enter into a written agreement to comply with any restrictions
on subsequent disposition that the Company deems necessary or advisable under any applicable federal and state securities laws.
The PSU Shares issued hereunder may be legended to reflect such restrictions.

 

(d)General. No PSU Shares shall
be issued or Dividend Equivalents distributed upon vesting of a PSU granted hereunder unless and until the Company is satisfied,
in its sole discretion, that there has been compliance with all legal requirements applicable to the issuance of such PSU Shares
and/or distribution of such Dividend Equivalents.

 

8.Miscellaneous.

 

(a)409A Compliance. The Company
may, in its sole and absolute discretion, delay payments hereunder or make such other modifications with respect to the issuance
of stock hereunder as it reasonably deems necessary to comply with Section 409A of the Code and interpretative guidance thereunder.

 

(b)Recoupment/Claw-Back
of Awards. Notwithstanding any other provision of this PSU Award Agreement to the contrary, any PSU granted under this PSU
Award Agreement (including any proceeds, gains or other economic benefit actually or constructively received upon any receipt or
exercise of any PSU or upon the receipt or resale of any share of Common Stock underlying the PSU) shall be subject to the terms
of any compensation recoupment or claw-back policy implemented by the Company, as any such policy may be amended from time to time,
and/or subject to recoupment as required by any other provisions of any law (including, without limitation, Section 10D of the
Securities Exchange Act of 1934, as amended), government regulation or stock exchange listing requirement.

 

    	 

    	 

    

 

(c)Discretion
of the Committee. Unless otherwise explicitly provided herein, the Board of Directors of the Company, or an authorized committee
thereof, shall make all determinations required to be made hereunder, including but not limited to determinations relating to the
achievement of any thresholds or the vesting of any PSUs hereunder, and shall interpret all provisions of this PSU Award Agreement
and the underlying PSUs, as it deems necessary or desirable, in its sole and absolute discretion. Such determinations and interpretations
shall be binding on and conclusive to the Company and the Grantee. Without limiting the foregoing, the Company may, in its sole
and absolute discretion, delay payments hereunder or make such other modifications with respect to the issuance of stock hereunder
as it reasonably deems necessary to the extent that (a) audited financials are not complete for any applicable period during the
Performance Period and/or (b) that the Company has not had an adequate opportunity to review the audited financials or calculate
the ROIC, the Three-Year Average ROIC, or any other metric set forth in the [20XX] LTP Overview, for any applicable period during
the Performance Period.

 

(d)Amendment.
This PSU Award Agreement may only be modified or amended by a writing signed by both parties.

 

(e)Notices.
Any notices required to be given under this PSU Award Agreement shall be sufficient if in writing and if sent by certified mail,
return receipt requested, and addressed as follows:

 

if to the Company:

 

Hologic, Inc.

35 Crosby Dr.

Bedford, MA 01730

Attention: Chief Financial Officer

 

if to the Grantee:

 

As set forth in the records of
the Company

 

or to such other address as either party may designate under
the provisions hereof.

 

(f)Entire Agreement.
This PSU Award Agreement shall supersede in its entirety all prior undertakings and agreements of the Company and the Grantee,
whether oral or written, with respect to the PSUs granted hereunder; provided, however, that nothing herein shall supersede
any Prior Agreement that may provide, in certain circumstances, for greater benefits regarding acceleration of vesting of equity
awards granted to the Grantee.

 

(g)Successors
and Assigns. The rights and obligations of the Company under this PSU Award Agreement shall inure to the benefit of and be
binding upon the successors and assigns of the Company.

 

(h)Applicable
Law; Severability. All rights and obligations under this PSU Award Agreement shall be governed by the laws of the State of
Delaware. In the event that any court of competent jurisdiction shall determine that any provision, or any portion thereof, contained
in this PSU Award Agreement shall be unenforceable in any respect, then such provision shall be deemed limited to the extent that
such court deems it enforceable, and as so limited shall remain in full force and effect. In the event that such court shall deem
any such provision, or portion thereof, wholly unenforceable, the remaining provisions of this PSU Award Agreement shall nevertheless
remain in full force and effect. 

 

(i)Paragraph
Headings; Rules of Construction. The paragraph headings used in this PSU Award Agreement are for convenience of reference,
and are not to be construed as part of this PSU Award Agreement. The parties hereto acknowledge and agree that the rule of construction
to the effect that any ambiguities are resolved against the drafting party shall not be employed in the interpretation of this
PSU Award Agreement.

 

    	 

    	 

    

 

(j)Electronic
Copies. The Company may choose to deliver certain materials relating to the Plan in electronic form. By accepting this PSU
Award Agreement, the Grantee consents and agrees that the Company may deliver the Plan prospectus and the Company’s annual
report to Grantee in an electronic format. If at any time Grantee would prefer to receive paper copies of these documents, the
Company will provide such copies upon request.

 

(k)No Waiver of Rights, Powers and
Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under this PSU Award Agreement, and
no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of the party, unless
explicitly provided for herein. No single or partial exercise of any right, power or remedy under this PSU Award Agreement by a
party hereto, nor any abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party
from any other or further exercise thereof or the exercise of any other right, power or remedy hereunder.

 

(l)Counterparts.
The Award Notice to which this PSU Award Agreement is a part may be executed in multiple counterparts, including by electronic
or facsimile signature, each of which shall be deemed in original but all of which together shall constitute one and the same instrument.

 

    	 

    	 

    

 

Annex A

Certain Definitions Regarding
Accelerated Vesting on a Change of Control

 

Certain Definitions. For purposes of the Performance
Stock Unit Award Agreement to which this Annex is attached (the “PSU Award Agreement”), the following capitalized terms
shall have the meanings set forth below.

 

(a)“Cause” means a determination by the
Company that any of the following has occurred: (i) disloyalty, gross negligence, willful misconduct or breach of fiduciary duty
to the Company which results in substantial direct or indirect loss, damage or injury to the Company; (ii) the Grantee’s
material violation of the Company’s Code of Conduct, and other Company Codes of Conduct or other policies and procedures
that are applicable to the Grantee; (iii) the commission, indictment, plea of nolo contendere or conviction of the Grantee
of a felony; (iv) the breach of the Grantee’s confidentiality, non-competition, non-solicitation covenants set forth in a
separate written agreement between the Company and the Grantee; (v) a violation of federal or state securities law or regulations;
or (vi) any other act or omission by the Grantee that would constitute “cause” under any employment or similar agreement
entered into between the Grantee and the Company or any of its subsidiaries.

 

(b)“Change of Control” means:

 

(i)The acquisition by any individual,
entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) of beneficial ownership (within the
meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of the Voting Stock of the Company; provided, however,
that any acquisition by the Company, or any employee benefit plan (or related trust) of the Company of 50% or more of Voting Stock
shall not constitute a Change in Control; and provided, further, that any acquisition by a corporation with respect to which, following
such acquisition, more than 50% of the then outstanding shares of common stock of such corporation, is then beneficially owned,
directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners of the Voting
Stock immediately prior to such acquisition in substantially the same proportion as their ownership, immediately prior to such
acquisition, of the Voting Stock, shall not constitute a Change in Control; or

 

(ii)Any transaction which results in
the Continuing Directors (as defined in the Certificate of Incorporation of the Company) constituting less than a majority of the
Board of Directors of the Company; or

 

(iii)The consummation of (A) a
Merger with respect to which the individuals and entities who were the beneficial owners of the Voting Stock immediately prior
to such Merger do not, following such Merger, beneficially own, directly or indirectly, more than 50% of the then outstanding shares
of common stock of the corporation resulting from the Merger (the Resulting Corporation”) as a result of the individuals’
and entities’ shareholdings in the Company immediately prior to the consummation of the Merger and without regard to any
of the individual’s and entities’ shareholdings in the corporation resulting from the Merger immediately prior to the
consummation of the Merger, (B) a complete liquidation or dissolution of the Company, or (C) the sale or other disposition
of all or substantially all of the assets of the Company, excluding a sale or other disposition of assets to a subsidiary of the
Company.

 

Notwithstanding the foregoing, no Change of Control shall be
deemed to occur if as a result of any transaction referred to in paragraph (iii) above, the Company is deemed to be the accounting
acquirer under U.S. generally accepted accounting principles pursuant to Accounting Standards Codification Topic 805, as it may
be amended from time to time or any successor rule, standard, pronouncement, law or regulation.

 

(c)“Change of Control Period” means the
period commencing upon a Change of Control and ending two (2) years after a Change of Control.

 

    	 

    	 

    

 

(d)“Exchange Act” means the Securities
Exchange Act of 1934, as amended, and any successor act thereto.

 

(e)“Good Reason” means:

 

(i)A material diminution in the Grantee’s
base compensation;

 

(ii)A material diminution in the Grantee’s
authority, duties and responsibilities as in effect immediately prior to the Change of Control;

 

(iii)A material diminution in the authority,
duties and responsibilities of the supervisor to whom the Grantee is required to report as in effect immediately prior to the Change
of Control;

 

(iv) A material change in the geographic
location in which Grantee’s principal office was located immediately prior to the Change of Control;

 

(v)A material diminution in the budget
over which the Grantee had authority immediately prior to the of the Change of Control; and

 

(vi)Any other action or inaction that
constitutes a material breach by the Company of the PSU Award Agreement or any other agreement under which the Grantee provides
services;

 

provided, however, that Good Reason shall not exist unless the
Grantee has given written notice to the Company within ninety (90) days of the initial existence of the Good Reason event or condition(s)
giving specific details regarding the event or condition; and unless the Company has had at least thirty (30) days to cure such
Good Reason event or condition after the delivery of such written notice and has failed to cure such event or condition within
such thirty (30) day cure period.

 

(f)“Merger” means a reorganization, merger
or consolidation.

 

(g)“Voting Stock” means the then outstanding
shares of voting stock of the Company.NYT Exh 10.1_9.28.2014

EXHIBIT 10.1

THE NEW YORK TIMES COMPANIES
SUPPLEMENTAL RETIREMENT AND INVESTMENTPLAN
AMENDMENT NO. 4
THIS INSTRUMENT made as of 2nd day of September, 2014, by the ERISA Management Committee (the “Committee”) of the New York Times Company (the “Company”).
W I T N E S S E T H
WHEREAS, the Company maintains The New York Times Companies Supplemental Retirement and Investment Plan (the “Plan”) for the benefit of certain eligible employees; and
WHEREAS, pursuant to Section 12.01 of the Plan, the Committee has the authority to amend the Plan; and
WHEREAS, the Committee desires to amend the Plan to comply with the changes requested by the Internal Revenue Service (“IRS”) in connection with the Economic Growth and Tax Relief Reconciliation Act of 2001 favorable determination letter request filed with the IRS on January 31, 2011;
NOW, THEREFORE, the Plan is hereby amended as follows:
1.Subsection 3.01(d) of the Plan is hereby amended by deleting the fifth and sixth sentences in their entirety.  The Subsection as amended shall read as follows:

“(d)    Notwithstanding the foregoing, effective January 1, 2009, all Employees who are eligible to make Before-Tax Contributions and Roth Contributions under this Plan and who have attained age 50 before the close of the Plan Year shall be eligible to make Catch-Up Contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code.  Catch-Up Contributions shall not be taken into account for purposes of the provisions of the Plan implementing the required limitations of Sections 402(g) and 415 of the Code.  The Plan shall not be treated as failing to satisfy the provisions of the Plan implementing the requirements of Sections 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of making of Catch-Up Contributions.”
2.Subsection 3.06(a)(ii) of the Plan is hereby deleted in its entirety and in its place is substituted the following:

“(ii)    In the event that such Before-Tax and/or Roth Contributions, together with other elective deferrals described in Section 402(g) of the Code, exceed the limitation in Subsection (i) above, the Employee shall advise the Plan Administrator in writing, not later than the March 1 next following the close of such taxable year, of the portion of such excess that he has allocated to the Plan and of 

his election to have such amount (plus the income or less the loss thereon), as reduced by the amount, if any, which the Employee elected under Section 3.01(b) of the Plan to have treated as After-Tax Contributions, distributed to him.  The income or loss allocable to the Participant’s Before-Tax Account and/or Roth Contribution Account, as applicable, for the taxable year is multiplied by a fraction, the numerator of which is such Participant’s excess Before-Tax Contributions and/or Roth Contributions for the year and the denominator is the Participant’s Account Balance attributable to Before-Tax Contributions and/or Roth Contributions without regard to any income or loss occurring during such taxable year.  The Plan Administrator shall direct the Trustee to distribute to the Employee not later than the next following April 15 such designated amount (together with any income, or reduced by any loss allocable to it).  Unless otherwise specified by the Employee, distributions of excess elective deferrals shall be made from first from the Before –Tax Account.”
3.Section E of Appendix A is hereby amended by replacing an incorrect date of “May 1, 20100” with “May 1, 2010”.
IN WITNESS WHEREOF, the ERISA Management Committee of The New York Times Company has caused this amendment to be executed by a duly appointed member as of the date first set forth above.

	
	
	ERISA MANAGEMENT COMMITTEE

	By:  __/s/ R. Anthony Benten

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}]]