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Gannett Company, Inc. Key Executive Life Insurance Plan Participation Agreement

Life Insurance Split Dollar Agreement

Gannett Company, Inc. Key Executive Life Insurance Plan Participation Agreement | Document Parties: GANNETT CO INC /DE/ | Gannett Company, Inc | Key Employee Life Insurance You are currently viewing:
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GANNETT CO INC /DE/ | Gannett Company, Inc | Key Employee Life Insurance

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Title: Gannett Company, Inc. Key Executive Life Insurance Plan Participation Agreement
Date: 11/1/2010
Industry: Printing and Publishing     Sector: Services

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Exhibit 10.2

Gannett Company, Inc.
Key Executive Life Insurance Plan
Participation Agreement

ACKNOWLEDGMENT

I, the undersigned Participant, hereby agree to be bound by the terms and conditions of the Key Employee Life Insurance Plan (“KELIP”), as effective October 29, 2010.

By signing this Participation Agreement, I agree to be bound by the terms of the KELIP as set forth in the plan document. If there is a conflict between the plan document, including this Participation Agreement, and any other communication, written or oral, including any plan summary materials, then the terms of the plan document will control.

I also understand that my benefit under the KELIP will be calculated as follows:

 

 

 

Targeted Death Benefit

 

 

 

 

 

Pre-Termination (but not beyond age 65)

 

<Flat Dollar Amount>

 

 

 

Post-Termination

 

<Flat Dollar Amount>

Duration of Employer Contributions

Annual Employer Contributions may be made, in the Employer’s sole discretion, each calendar year during my employment. No Employer Contributions will be payable after termination of employment or after your sixty-second (62 nd) birthday (assuming you have received at least five Annual Employer Contributions).

OR

Annual Employer Contributions may be made, in the Employer’s sole discretion, during employment. However, if I remain employed after attaining age 55 with at least 5 years of service with the Employer (“Retirement Eligible”), additional Annual Contributions will be due as provided below.

 

 


 

Additional Terms

Additional Annual Employer Contributions

In the event you become Retirement Eligible, the Employer will continue to make an Annual Employer Contribution after termination of employment each year prior to your sixty-second (62nd) birthday but in


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