MEDIA GENERAL, INC.
EXECUTIVE FINANCIAL PLANNING
INCOME TAX PROGRAM
The Executive Financial Planning and Income Tax Program provides an executive perquisite that supports the financial
health of the Company’s executives. This Program provides the executive with a reputable and professional resource that is
highly experienced in executive financial planning and income tax preparation.
Policy Administration Responsibilities:
Media General’s Compensation Department is responsible for coordinating this program. Ernst & Young has been selected
as Media General’s preferred provider of this executive benefit because of their solid reputation, as well as their knowledge of
Media General and its executive compensation plans. (For consideration of company-paid services with another firm, the
executive must present a request to Media General’s Compensation Department prior to securing services.)
Media General, Ernst & Young and the executive are responsible for following all procedures in this policy. This includes
ensuring that any services charged to Media General are covered in the policy.
Salaried executive employees are eligible to participate in this program. From those eligible, Media General will select
executives for participation. Selection will be based on the employee’s position, job responsibilities, value of their services, and
other pertinent factors.
New participants are eligible for coverage beginning in the tax year they became a participant. For example, an executive
selected for participation in 2003 would be eligible for income tax preparation for the tax year 2003 (but not eligible for tax
preparation related to tax year 2002).
Coverage will immediately cease upon termination if the executive is under age 55. Coverage also ceases immediately,
regardless of the executive’s age, if the executive is terminated by the Company due to criminal activity or any a