Exhibit 10.1
FOURTH AMENDMENT
TO THE
BELO SAVINGS PLAN
(As Amended and Restated Effective January 1,
2008)
Belo
Corp., a Delaware corporation, pursuant to authorization by the
Compensation Committee of the Board of Directors, adopts the
following amendments to the Belo Savings Plan (the
“Plan”).
1. The third sentence of Section 4.2
of the Plan (“Participant Investment Directions”) is
amended in its entirety to read as follows:
The
Committee from time to time will establish rules and procedures
regarding Participant and Beneficiary investment directions,
including without limitation rules and procedures with respect to
the manner in which such directions may be furnished, the frequency
with which such directions may be changed during the Plan Year, the
minimum portion of a Participant’s or Beneficiary’s
Account that may be invested in any one investment fund, the manner
in which Participants and Beneficiaries may provide for periodic
automatic rebalancing of their Accounts among available investment
funds and, in accordance with applicable law (including the
diversification requirements of Code section 401(a)(35)), the
frequency with which transactions in any investment fund may be
executed (daily, weekly or at some other interval).
2. The third sentence of
Section 7.8(b) of the Plan (“Eligible Rollover
Distribution”) is amended in its entirety to read as
follows:
However, such portion may be transferred only to
an individual retirement account or annuity described in Code
section 408(a) or (b), respectively, or to a qualified plan
described in Code section 401(a) or 403(a) or an annuity contract
described in Code section 403(b), provided such plan or contract
provides for separate accounting for amounts so transferred (and
earnings thereon), including separately accounting for the portion
of such distribution that is includible in gross income and the
portion of such distribution that is not so includible.
3. The second sentence of
Section 7.8(c) of the Plan (&l
