Document:

Exhibit

EXHIBIT 10.1

THE NEW YORK TIMES COMPANIES
SUPPLEMENTAL RETIREMENT AND INVESTMENT PLAN

AMENDMENT NO. 1
THIS INSTRUMENT made as of the 14th day of March, 2016, 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, as restated in its entirety effective January 1, 2015 (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 clarify the Plan’s administrative procedures regarding making or changing a deferral election;
NOW, THEREFORE, the Plan is hereby amended effective as of January 1, 2016 as follows:
		
	1.
	The first sentence in Section 3.01 is hereby amended to read as follows:

“A Participant, subject to the limitations in Sections 3.06 and 3.07 of the Plan, may elect to have his or her subsequent Earnings reduced in accordance with election procedures established by the Plan Administrator.”
		
	2.
	Section 3.04 is hereby amended to read as follows:

“The percentages of Earnings as contributions designated by a Participant under Section 3.01 of the Plan automatically shall apply to increases and decreases in his or her Earnings.  Subject to Sections 3.01 and 3.06 of the Plan, a Participant may change the percentage of his or her authorized payroll deduction and/or reduction of Earnings 

(including suspension of all contributions) effective as of the beginning of the next payroll period during which such change can be implemented in accordance with the procedures adopted by the Plan Administrator.”
		
	3.
	The six sentence in Section 7.01 is hereby amended to read as follows:

“A withdrawal, whether from an After-Tax Account or Before-Tax Account, shall be made of the Valuation Date following the request, in accordance with procedures established by the Plan Administrator.”
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 BentenExhibit

Exhibit 10.1

****CONFIDENTIAL PORTION has been omitted pursuant to a request for confidential treatment by the Company to, and the material has been separately filed with, the SEC.  Each omitted Confidential Portion is marked by four asterisks.

TWENTY-SIXTH AMENDMENT TO THE
FULL-TIME TRANSPONDER CAPACITY AGREEMENT (PRE-LAUNCH)

This Twenty-Sixth Amendment to the Full-time Transponder Capacity Agreement (Pre-Launch) (the “Twenty-Sixth Amendment”) is made and entered into as of this 7th day of March, 2016 (the “Effective Date”) by and between INTELSAT CORPORATION, a Delaware corporation (“Intelsat”), and GCI COMMUNICATIONS CORP., an Alaskan corporation (“Customer”).

RECITALS

WHEREAS, pursuant to that certain Full-Time Transponder Capacity Agreement (Pre-Launch) dated as of March 31, 2006, as amended (collectively, the “Agreement”) between Intelsat and Customer, Intelsat is providing Customer with **** transponders on ****; **** transponders on ****; **** Transponders on **** (the “**** Transponders”); **** Transponder **** on ****; and **** Transponder **** on ****; and

WHEREAS, Customer wishes to **** Transponder on **** (the “**** Transponder”) satellite and **** Transponder **** on the **** satellite (the “**** Transponder ****”), both from Intelsat, all of which is further defined below; 

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and of mutual covenants and agreements hereinafter set forth, the sufficiency and receipt of which is hereby acknowledged, the parties agree as follows:

		
	1.
	Except as specifically provided herein, all terms and provisions of the Agreement shall remain in full force and effect.

		
	2.
	Section 1.1, Description of Capacity.  This Section shall be deleted and replaced with the following:  

“Intelsat agrees to provide to Customer and Customer agrees to accept from Intelsat, **** a day, **** a week), in outerspace, for the Capacity Term (as defined here), the Customer’s Transponder Capacity (defined below) meeting the “Performance Specifications” set forth in the “Technical Appendix” attached hereto as Appendix B.  For purposes of this Agreement, the “Customer’s Transponder Capacity” or “Customer’s Transponders” shall consist of (a) **** (as defined in Section 1.2, below) **** transponders (collectively, the “**** Transponders’ and individually, the “**** Transponder”) from that certain U.S. domestic satellite referred to by Intelsat as “****,” located in **** at ****, (b) **** transponders from the **** of that certain satellite referred to by Intelsat as “****” at **** (“**** Transponder”); (c) **** Transponder **** on ****; (d) **** Transponder on ****; (e) **** Transponder **** on ****; (f) and **** Transponder **** on ****.”
    
		
	3.
	Article 2, Capacity Term.  The Capacity Term for the **** Transponder and the **** Transponder **** shall commence on **** and continue until ****.  

    
		
	4.
	Section 3.1, **** Fee.  Customer’s **** Fee for the **** Transponder and **** Transponder **** shall be as set forth in Appendix A.

		
	5.
	Except as specifically set forth in this Amendment, all terms and conditions of the Agreement remain in full force and effect.

IN WITNESS WHEREOF, each of the Parties hereto has duly executed and delivered this Twenty-Sixth Amendment as of the day and year above written.

	
						
	INTELSAT CORPORATION
	 
	GCI COMMUNICATION CORP.
	 

	 
	 
	 
	 
	 
	 

	By:
	/s/ Stephen A. Chernow
	 
	By:
	/s/ Jimmy R. Sipes
	 

	 
	 
	 
	 
	 
	 

	Name:
	Stephen A. Chernow
	 
	Name:
	Jimmy R. Sipes
	 

	 
	 
	 
	 
	 
	 

	Title:
	VP & Deputy General Counsel
	 
	Title:
	VP Network Services & Chief Engineer
	 

	 
	 
	 
	 
	 
	 

	Date:
	March 8, 2016
	 
	Date:
	March 7, 2016
	 

	 
	 
	 
	 
	 
	 

APPENDIX A

CUSTOMER’S TRANSPONDER CAPACITY AND PAYMENT SCHEDULE FOR
GCI COMMUNICATIONS CORP.

	
					
	SVO #
	****/
Transponder No
	Transponder Type
	Capacity Term
	**** Fee

	 
	****
	****
	**** - ****
	US$**** **

	 
	****
	****
	**** - ****
	US$**** **

	 
	****
	****
	**** - ****
	US$**** *

	 
	****
	****
	**** - ****
	US$**** **

	 
	****
	****
	**** - ****
	US$**** **

	 
	****
	****
	**** - ****
	US$**** **

	 
	****
	****
	**** - ****
	US$**** *

	 
	****
	****
	**** - ****
	US$**** **

	 
	****
	****
	**** - ****
	US$**** *

	 
	****
	****
	**** - ****
	US$**** *

	 
	****
	****
	**** - ****
	US$**** *

	 
	****
	****
	**** - ****
	US$**** **

	 
	****
	****
	**** - ****
	US$**** *

	 
	****
	****
	**** - ****
	US$**** *

	 
	****
	****
	**** - ****
	US$**** *

	 
	****
	****
	**** - ****
	US$**** ***

	 
	****
	****
	**** - ****
	US$**** ***

	 
	****
	****
	**** - ****
	US$**** ***

	 
	****
	****
	**** - ****
	US$**** ***

	 
	****
	****
	**** - ****
	US$**** ***

	 
	****
	****
	**** - ****
	US$**** **
**** **

	 
	****
	****
	**** - ****
	US$**** ****

	 
	****
	****
	**** - ****
	US$**** **

	 
	****
	****
	**** - ****
	US$**** ***

	 
	****
	****
	**** - ****
	US$**** **

	 
	****
	****
	**** - ****
	US$**** ***

	 
	****
	****
	**** - ****
	US$**** **

	 
	****
	****
	**** - ****
	US$**** ***

*  **** Fee includes US$**** for **** and the US$**** for each of Customer’s **** Transponders under Article 14.  If the **** Transponder is **** or when Customer is **** a Transponder on **** (of its successor satellite), the **** Fee for such **** Transponder shall be ****.  If, however, the **** Transponder ****, then the **** Fee for such **** Transponder shall **** to the **** Fee.  The **** fee shall be ****.

** **** Fee includes US$**** for **** Fee and the US$**** for each of Customer’s **** Transponders with **** under Article 15.  If the **** Transponder is **** or when Customer is using a Transponder on ****, the **** Fee for such affected Customer’s **** Transponder shall be ****.  If, however, the ****  Transponder later ****, then the **** Fee for such **** Transponder shall ****.  The **** Fee shall be ****.

*** **** Fee includes US$**** for **** and the US$**** for each of the Customer’s ****  Transponder **** Fees, **** (hereinafter referred to as the **** Fee” as **** is the ****), **** for transponder ****.  If the **** Transponder ****, the **** Fee for such affected **** Transponder shall be ****.  If, however, the **** Transponder ****, then the **** Fee for such **** Transponder shall **** Fee.  The **** Fee shall be ****.
    

**** **** Fee includes US$**** for ****.  No **** is provided for this Transponder.Exhibit

EXHIBIT 10.1

   PARKER DRILLING COMPANY
PHANTOM STOCK UNIT AWARD INCENTIVE AGREEMENT
THIS PHANTOM STOCK UNIT AWARD INCENTIVE AGREEMENT (this “Agreement”) is made and entered into by and between Parker Drilling Company, a Delaware corporation (the “Company”), and First Last, an individual and employee of the Company (“Grantee”), as of the 10th  day of March, 2016 (the “Grant Date”), subject to the terms and conditions of the Parker Drilling Company 2010 Long-Term Incentive Plan, as Amended and Restated as of May 8, 2013, as it may be further amended from time to time thereafter (the “Plan”).  The Plan is hereby incorporated herein in its entirety by this reference. Capitalized terms not otherwise defined in this Agreement shall have the meaning given to such terms in the Plan.
WHEREAS, Grantee is an employee of a Company subsidiary (the “Employer”) holding the position of Employee Title of the Company, and in connection therewith, the Company desires to grant a Stock-Based Award to Grantee, subject to the terms and conditions of this Agreement and the Plan, with a view to increasing Grantee’s interest in the Company’s success and growth; and  
WHEREAS, Grantee desires to be the holder of a Stock-Based Award subject to the terms and conditions of this Agreement and the Plan;
NOW, THEREFORE, in consideration of the premises, mutual covenants and agreements contained herein, and such other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:
1.Grant of Phantom Stock Units. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants to Grantee X,XXX Phantom Stock Units as described herein (the “Phantom Stock Units”). Each Phantom Stock Unit shall represent an unsecured promise of the Company to deliver payment as set forth in Section 5 herein. As a holder of Phantom Stock Units, the Grantee has the rights of a general unsecured creditor of the Company unless and until the Vesting Payment (as defined in Section 5) is paid out to Grantee, as set forth herein. 
2.    Transfer Restrictions. Grantee shall not sell, assign, transfer, exchange, pledge, encumber, gift, devise, hypothecate or otherwise dispose of (collectively, “Transfer”) any Phantom Stock Units granted hereunder. Any purported Transfer of Phantom Stock Units in breach of this Agreement shall be void and ineffective, and shall not operate to Transfer any interest or title to the purported transferee.
3.    Vesting of Phantom Stock Units.
(a)  Vesting Dates.  Grantee’s interest in the Phantom Stock Units granted hereunder shall vest with respect to one-third of the Phantom Stock Units on the first anniversary of the Grant Date and an additional one-third of the Phantom Stock Units on each of the second and third anniversaries of the Grant Date (each anniversary, a “Vesting Date”), provided that the Grantee is still an Employee and has continuously been an Employee from the Grant Date through the applicable Vesting Date, except as provided in Section 4 hereof.

Time-based Phantom Stock Agreement
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(b)  Settlement of Phantom Stock Units.  Except with respect to Phantom Stock Units that become vested by reason of Section 4(c), within sixty (60) days after any Phantom Stock Units become vested, the Company shall transfer to Grantee the Vesting Payment (as defined in Section 5, below) attributable to the vested Phantom Stock Units and such Phantom Stock Units shall expire when such Vesting Payment is made.  Phantom Stock Units that become vested during a calendar year by reason of Section 4(c) shall be settled within sixty (60) days of the earlier of the close of such calendar year or termination of the Grantee’s Employment.
(c)  Dividends and Splits.  If the Company (i) declares a stock dividend or makes a distribution on its Shares, (ii) subdivides or reclassifies outstanding Shares into a greater number of Shares, or (iii) combines or reclassifies outstanding Shares into a smaller number of Shares, then the number of Phantom Stock Units granted under this Agreement shall be proportionately increased or reduced, as applicable, so as to prevent the enlargement or dilution of Grantee’s rights and duties hereunder.  The determination of the Committee regarding such adjustments shall be binding.
4.    Termination of Employment. If Grantee’s Employment is voluntarily or involuntarily terminated during the Performance Period, then Grantee shall immediately forfeit the outstanding Phantom Stock Units, except as provided below in this Section 4. Upon the forfeiture of any Phantom Stock Units hereunder, the Grantee shall cease to have any rights in connection with such Phantom Stock Units as of the date of forfeiture. 
(a)  Termination of Employment.  Except as provided in Section 4(c) and Section 4(e), if the Grantee’s Employment is terminated for any reason other than due to death, Disability, or Involuntary Termination Without Cause, any non-vested Phantom Stock Units at the time of such termination shall automatically expire and terminate and no vesting shall occur after the termination of Employment date.  In such event, the Grantee will receive no payment for unvested Phantom Stock Units.
(b)  Involuntary Termination Without Cause.  Except as provided in Section 4(e), in the event of the Grantee’s Involuntary Termination Without Cause (as defined below), all of the restrictions and any other conditions for all Phantom Stock Units then outstanding shall be fully satisfied on a Pro Rata Basis (as defined by the Plan), and thus only that portion of the outstanding Phantom Stock Units shall become free of all restrictions and vested, and any remaining unvested Phantom Stock Units shall be forfeited. For purposes of this Agreement, “Involuntary Termination Without Cause” means the Employment of Grantee is involuntarily terminated by the Company (or by any successor to the Company) for any reason, including, without limitation, as the result of a Change in Control, except due to death, Disability, Retirement or Cause; provided, that in the event of a dispute regarding whether Employment was terminated voluntarily or involuntarily, or with or without Cause, such dispute will be resolved by the Committee, in good faith, in the exercise of its discretion.  
(c)  Retirement.  Except as provided in Section 4(e), upon the Grantee’s satisfaction of the eligibility requirements for Retirement (as defined in the Plan), all of the restrictions and any other conditions for all Phantom Stock Units then Outstanding shall be fully satisfied on a Pro Rata Basis, and thus only that portion of the outstanding Phantom Stock Units shall become free of all restrictions and vested; and any remaining outstanding Phantom Stock Units shall continue to vest in a like manner each month until the earlier of the next Vesting Date or termination of Grantee’s Employment.  Any 

Time-based Phantom Stock Agreement
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non-vested Phantom Stock Units at the time of such termination shall automatically expire and terminate and no vesting shall occur after the termination of Employment date. In such event, the Grantee will receive no payment for unvested Phantom Stock Units.
(d)  Disability or Death.  Upon termination of Grantee’s Employment as the result of Grantee’s Disability (as defined below) or death, then all of the outstanding Phantom Stock Units shall become 100% vested and free of all restrictions on such date.  For purposes of this Agreement, “Disability” means (i) a disability that entitles the Grantee to benefits under the Company’s long-term disability plan, as may be in effect from time to time, as determined by the plan administrator of the long-term disability plan or (ii) a disability whereby the Grantee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.
(e)  Change in Control.  If there is a Change in Control of the Company (as defined in the Plan), then in the event of the Grantee’s Involuntary Termination Without Cause within two (2) years following the effective date of the Change in Control, all the outstanding Phantom Stock Units shall automatically become 100% vested and free of all restrictions on the Grantee’s termination of Employment date.
(f) Cause. For purposes of this Agreement and notwithstanding any other agreement between the Grantee and the Company, the definition of “Cause” as set out in the Plan shall also include, when used in connection with Grantee’s Employment, the termination of the Grantee’s Employment by the Company or any Subsidiary by reason of unsatisfactory performance or violations of Company policies.
5.    Payment for Phantom Stock Units. Payment for the vested Phantom Stock Units subject to this Agreement shall be made to the Grantee as soon as practicable following the time such Phantom Stock Units become vested in accordance with Section 3 or Section 4 prior to their expiration, but not later than sixty (60) days following the date of such vesting event.
Any amount paid in respect of the vested Phantom Stock Units shall be payable in U.S. dollars in cash or other form of immediately-available funds.  The amount payable to the Grantee pursuant to this Agreement (each, a “Vesting Payment”)shall be an amount equal to (a) the number of vested Phantom Stock Units, multiplied by (b) the closing price per Share on the trading day immediately preceding the Vesting Date. 
6.    Detrimental Conduct. In the event that the Committee should determine, in its sole and absolute discretion, that, during Employment or within two (2) years following Employment termination for any reason, the Grantee engaged in Detrimental Conduct (as defined below), the Committee may, in its sole and absolute discretion, if payment previously has been made to the Grantee pursuant to Section 5 upon vesting of his Phantom Stock Units, direct the Company to send a notice of recapture (a “Recapture Notice”) to such Grantee.  Within ten (10) days after receiving a Recapture Notice from the Company, the Grantee will deliver to the Company a cash payment in an amount equal to the payment to the Grantee at the time when paid to the Grantee, unless the Recapture Notice demands repayment of a lesser sum.  All repayments hereunder shall be net of the taxes that were withheld by the Company when the payment was originally made to Grantee following vesting of the 

Time-based Phantom Stock Agreement
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Phantom Stock Units pursuant to Section 5.  For purposes of this Agreement, a Grantee has committed “Detrimental Conduct” if the Grantee (a) violated a confidentiality, non-solicitation, non-competition or similar restrictive covenant between the Company or one of its Affiliates and such Grantee, including violation of a Company policy relating to such matters, or (b) engaged in willful fraud that causes harm to the Company or one of its Affiliates or that is intended to manipulate the performance results of any Incentive Award, including, without limitation, any material breach of fiduciary duty, embezzlement or similar conduct that results in a restatement of the Company’s financial statements.
7.    Grantee’s Representations. Notwithstanding any provision hereof to the contrary, the Grantee hereby agrees and represents that neither Grantee nor the Company shall be obligated hereunder to the extent such obligation constitutes a violation by the Grantee or the Company of any law or regulation of any governmental authority. Any determination in this regard that is made by the Committee, in good faith, shall be final and binding. The rights and obligations of the Company and the Grantee are subject to all applicable laws and regulations.
8.    Tax Withholding. To the extent that the receipt of the payment hereunder results in compensation income to Grantee for federal, state or local income tax purposes, Grantee shall deliver to Company at such time the sum that the Company requires to meet its tax withholding obligations under applicable law or regulation, and, if Grantee fails to do so, Company is authorized to withhold from any cash or other remuneration (including any Shares), then or thereafter payable to Grantee, any tax required to be withheld to satisfy such tax withholding requirements before transferring the resulting net funds to Grantee in satisfaction of its obligations under this Agreement.
9.    Independent Legal and Tax Advice. The Grantee acknowledges that (a) the Company is not providing any legal or tax advice to Grantee and (b) the Company has advised the Grantee to obtain independent legal and tax advice regarding this Agreement and any payment hereunder.
10.    No Rights in Shares. The Grantee shall have no rights as a stockholder in respect of any Shares, unless and until the Grantee becomes the record holder of such Shares on the Company’s records.
11.    Conflicts with Plan, Correction of Errors, and Grantee’s Consent. In the event that any provision of this Agreement conflicts in any way with a provision of the Plan, such provisions shall be reconciled, or such discrepancy shall be resolved, by the Committee in the exercise of its discretion. In the event that, due to administrative error, this Agreement does not accurately reflect the Phantom Stock Units properly granted to the Grantee, the Committee reserves the right to cancel any erroneous document and, if appropriate, to replace the canceled document with a corrected document. All determinations and computations under this Agreement shall be made by the Committee (or its authorized delegate) in its discretion as exercised in good faith.
This Agreement and any award of Phantom Stock Units or payment hereunder are intended to comply with or be exempt from Section 409A of the Internal Revenue Code and shall be interpreted accordingly. Accordingly, Grantee consents to such amendment of this Agreement as the Committee may reasonably make in furtherance of such intention, and the Company shall promptly provide, or make available, to Grantee a copy of any such amendment.

Time-based Phantom Stock Agreement
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12.    Miscellaneous.
(a)    Transferability of Phantom Stock Units. The Phantom Stock Units are transferable only to the extent permitted under the Plan at the time of transfer (i) by will or by the laws of descent and distribution, or (ii) by a domestic relations order in such form as is acceptable to the Company. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of the Grantee or any permitted transferee thereof.
(b)    Not an Employment Agreement. This Agreement is not an employment agreement, and no provision of this Agreement shall be construed or interpreted to create any Employment relationship between Grantee and the Company for any time period. The Employment of Grantee with the Company shall be subject to termination to the same extent as if this Agreement did not exist.
(c)    Notices. Any notice, instruction, authorization, request or demand required hereunder shall be in writing, and shall be delivered either by personal in-hand delivery, by telecopy or similar facsimile means, by certified or registered mail, return receipt requested, or by courier or delivery service, addressed to the Company at its then current main corporate address, and to Grantee at the address indicated on the Company’s records, or at such other address and number as a party has last previously designated by written notice given to the other party in the manner hereinabove set forth. Notices shall be deemed given when received, if sent by facsimile means (confirmation of such receipt by confirmed facsimile transmission being deemed receipt of communications sent by facsimile means); and when delivered and receipted for (or upon the date of attempted delivery where delivery is refused), if hand-delivered, sent by courier or delivery service, or sent by certified or registered mail, return receipt requested. 
(d)    Amendment, Termination and Waiver. This Agreement may be amended, modified, terminated or superseded only by written instrument executed by or on behalf of the Grantee and the Company (by action of the Committee or its delegate). Any waiver of the terms or conditions hereof shall be made only by a written instrument executed and delivered by the party waiving compliance. Any waiver granted by the Company shall be effective only if executed and delivered by a duly authorized executive officer of the Company other than Grantee. The failure of any party at any time or times to require performance of any provisions hereof shall in no manner affect the right to enforce the same. No waiver by any party of any term or condition herein, or the breach thereof, in one or more instances shall be deemed to be, or construed as, a further or continuing waiver of any such condition or breach or a waiver of any other condition or the breach of any other term or condition.
(e)    No Guarantee of Tax or Other Consequences. The Company makes no commitment or guarantee that any tax treatment will apply or be available to the Grantee or any other person. The Grantee has been advised, and provided with ample opportunity, to obtain independent legal and tax advice regarding this Agreement.
(f)    Governing Law and Severability. This Agreement shall be governed by the laws of the State of Texas without regard to its conflicts of law provisions, except as preempted by controlling federal law. The invalidity of any provision of this Agreement shall not affect any other provision hereof or of the Plan, which shall remain in full force and effect.

Time-based Phantom Stock Agreement
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(g)    Successors and Assigns. This Agreement shall bind, be enforceable by, and inure to the benefit of, the Company and Grantee and any permitted successors and assigns under the Plan.
[Signature page follows.]

Time-based Phantom Stock Agreement
6

IN WITNESS WHEREOF, this Agreement is hereby approved and executed as of the date first written above.
Parker Drilling Company
By:                               
Name:                                              
		
	Title:
	                                                                           

Grantee
    
Signature

    
Print Name

Grantee’s Address for Notices:
   
   
   
   

Time-based Phantom Stock Agreement
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