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Investor Relations

SEC Filings

GRAHAM HOLDINGS CO filed this Form 10-K on 03/29/1994
Entire Document
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Committee when supplemental savings benefits would otherwise be distributable
to a beneficiary, then such benefits shall be distributed to the Surviving
Spouse of the Executive Participant or, if there is no Surviving Spouse, to the
executor of his will or the administrator of his estate.

                 Section 5.  Funding.  Benefits under this Plan shall not be
funded in order that the Plan may be exempt from the provisions of Parts 2, 3
and 4 of Title I of ERISA.  The Committee shall maintain records of
Supplemental Savings Accounts and records for the calculation of supplemental
retirement benefits.  In the event benefits are hereafter determined to be
taxable for Participants prior to actual receipt thereof, a payment may be made
to such Participants in an amount sufficient to pay such taxes notwithstanding
that the Participant may not then have terminated Service or that the payment
is being made prior to the date that benefits would otherwise be paid under any
of the Retirement Plans.  Amounts so paid (i) with respect to  supplemental
savings benefits shall reduce the Executive Participant's Supplemental Savings
Account and (ii) with respect to Supplemental Retirement Benefits shall be used
as an offset to the Supplemental Retirement Benefits, if any, thereafter

                 Section 6.  Administration.  This Plan shall be administered
by the Committee.  All decisions and interpretations of the Committee shall be
conclusive and binding on the Company, and the Participants.  The Plan may be
amended or terminated by the Board of Directors of the Company at any time and
any Participant may have his designation as such terminated by the Committee at
any time; provided, however, that no such amendment or termination or change in
designation shall deprive any Participant of supplemental retirement or savings
benefits accrued to the date of such amendment or termination or modify the
last two sentences of Section 5 in a manner adverse to any Participant.