Gannett Company, Inc. Key Executive Life Insurance Plan Participation Agreement
Life Insurance Split Dollar Agreement
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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 (62nd)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
