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Investor Relations

SEC Filings

10-K
GRAHAM HOLDINGS CO filed this Form 10-K on 03/29/1994
Entire Document
 
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                 (u)      "Vesting Year" means each calendar year in which a
Participant or a key Employee Participant has at least 1,000 hours of Service
with the Company or an Affiliate.  Service with a predecessor company prior to
becoming an Affiliate will not be counted in calculating Vesting Years.

                 Section 3.  Supplemental Retirement Benefits.
                 (a)      Each designated person, who is an Executive
Participant as of December 3, 1993, or becomes an Executive Participant or a
Key Employee Participant after December 3, 1993, for purposes of being eligible
to receive benefits under this Section and has ten or more Vesting Years upon
termination of Service and to whom benefits become payable under any of the
Retirement Plans, shall be paid a supplemental annual retirement benefit (the
"Supplemental Retirement Benefits") under this Plan equal in amount to the
difference between (i) the aggregate annual benefits paid to such person under
the Retirement Plans and (ii) the aggregate annual benefits that would be
payable to such person under the Retirement Plans if the 415 and 401(a)(17)
Limitations were not contained therein.  If such a Participant's Surviving
Spouse is entitled to and is receiving a spouse's benefit under any Retirement
plan, the Surviving Spouse shall be paid a benefit hereunder equal to the
difference between (i) the aggregate spouse's benefits payable to such
Surviving Spouse under the Retirement Plans and (ii) the aggregate spouse's
benefit that would be payable to such Surviving Spouse under the Retirement
Plans if the 415 and 401(a)(17) Limitations were not contained therein.   For
purposes of calculating the Supplemental Retirement Benefit or the Surviving
Spouse's benefit hereunder for an Executive Participant or the Surviving Spouse
of an Executive Participant, as the case may be, Compensation rather than
Actual Salary will be used.
                 (b)      The Supplemental Retirement Benefits provided by this
Plan shall be paid to the Participant (or to any beneficiary designated by him
in accordance with the Retirement Plan, or to his Surviving Spouse if eligible
for and receiving a spouse's benefit





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