Erisa Excess Benefits Plan

MEDIA GENERAL, INC.


ERISA EXCESS BENEFIT PLAN


Amended and Restated as of November 17, 1994


Media General, Inc., a corporation organized and existing under the laws of the Commonwealth of Virginia, hereby adopts this Media General, Inc., ERISA Excess Plan to provide supplemental retirement benefits to certain employees whose benefits under the Media General, Inc., Retirement Plan may be limited under Section 415 of the Internal Revenue Code, by the limit on covered compensation under Section 401 of the Internal Revenue Code, and as a result of participation in the Media General, Inc. Deferred Compensation Plan.


Article I. Definitions


1.01 "Act" shall mean the Employee Retirement Income Security Act of 1974 ("ERISA"), as from time to time amended.


1.02 "Pension Plan" shall mean the Employees Retirement Plan of Media General, Inc.


1.03 "Code" shall mean the Internal Revenue Code of 1986, as amended from time to time.


1.04 "Company" shall mean Media General, Inc. and any of its subsidiaries or affiliated business entities participating in the Pension Plan.


1.05 "Effective Date" of the original Plan shall mean January 1, 1991 and of the amended and restated Plan, November 17, 1994.


1.06 "Pension Benefit" shall mean the monthly benefit paid to a Participant (or his spouse) of the Pension Plan.


1.07 "Participant" shall mean any employee of the Company who is an active Participant in the Pension Plan on or after the Effective date and whose pension benefits determined on the basis of the provisions of such Pension Plan, without regard to the limitations of the Code and including deferrals made under the Media General, Inc. Deferred Compensation Plan, exceed the benefit payable to such Participant whose benefits are limited under the Pension Plan.


1.08 "Plan" shall mean the Media General, Inc., ERISA Excess Benefit Plan, as from time to time amended or restated, which shall be an unfunded plan for the benefit of highly compensated or management employees.


1.09 "Unrestricted Benefit" shall mean the Pension Benefit that would have been payable to a Participant if the determination of such Pension Benefit was made without regard to (i) the limit on covered compensation contained in Section 401 of the Code, and (ii) the limit on benefits payable under Section 415 of the Code, and by treating the amount of any compensation that is deferred by the Participant under the Media General, Inc. Deferred Compensation Plan as a component of covered compensation in the year in which such deferrals occur.


1.10 "Unrestricted Spousal Benefit" shall mean the Pension Benefit that would have been payable to a Participant's spouse if the determination of such Pension Benefit was made without regard to (i) the limit on covered compensation contained in Section 401 of the Code, and (ii) the limit on benefits payable 2


under Section 415 of the Code, and by treating the amount of any compensation that is deferred by the Participant under the Media General, Inc. Deferred Compensation Plan as a component of covered compensation in the year in which such deferrals occur.


Article II. Benefits


2.01 Normal Retirement Benefit. Upon the Normal Retirement of a Participant, as provided under the Pension Plan, such Participant shall be entitled to a monthly benefit equal in amount to his Unrestricted Benefit less his Pension Benefit.


2.02 Early Retirement Benefit. Upon the Early Retirement of a Participant, as provided under the Pension Plan, such Participant shall be entitled to a monthly benefit equal to his Unrestricted Benefit less his Pension Benefit.


2.03 Spouse's Pension Benefit. Subject to Section 2.04 below, upon the death of a Participant whose spouse is eligible for a Pre- or Post-retirement surviving spouse benefit under the Pension Plan, the Participant's Surviving Spouse shall be entitled to a month ...