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10-K
GRAHAM HOLDINGS CO filed this Form 10-K on 03/29/1994
Entire Document
 
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                          THE WASHINGTON POST COMPANY

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN


                 Section 1.  Purpose.  The Washington Post Company Supplemental
Executive Retirement Plan (the "Plan") is an unfunded plan established for the
purpose of providing deferred compensation for a select group of management or
highly compensated employees, as referred to in Sections 201(a)(2), 301(a)(3)
and 401(a)(1) of ERISA, in order to induce employees of outstanding ability to
join or continue in the employ of the Company or an Affiliate of the Company
and to increase their efforts for its welfare by providing them with
supplemental benefits notwithstanding the limitations imposed by the Internal
Revenue Code on retirement and other benefits from tax qualified plans.

                 This Plan is strictly a voluntary undertaking on the part of
the Company and shall not be deemed to constitute a contract of employment or
part of a contract between the Company and any employee or any employee of an
Affiliate, nor shall it be deemed to give any employee the right to be retained
in the employ
 of the Company or an Affiliate, as the case be made, or to
interfere with the right of the Company or an Affiliate, as the case may be, to
discharge any employee at any time, nor shall this Plan interfere with the
right of the Company or an Affiliate, as the case may be, to establish the
terms and conditions of employment of any employee.

                 Benefits under this Plan shall be payable solely from the
general assets of the Company and participants herein shall not be entitled to
look to any source for payment of such benefits other than the general assets
of the Company.