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EMPLOYEE

VOLUNTARY SEPARATION PLAN:


The Plan is meant to provide eligible employees of Tribune Publishing Company and its Business Units
with the opportunity to voluntarily separate from employment with the Company in exchange for certain
valuable benefits. All EVSP benefits will be executed by salary continuance or through the Continuation
Period.

The Plan offers several valuable benefits, such as:
Enhanced Severance
Benefits Continuation for certain Health & Welfare Benefits
Outplacement Services
Eligibility for a Prorated Management Incentive Bonus (MIP), if applicable
Equity Vesting, if applicable
Retiree Medical, if applicable
To assist employees in understanding the benefit offering in more detail, here is a brief summary of each
benefit.

Enhanced Severance Pay:
1-10 Years of Service: One week of Base Pay for every year of completed service with a minimum
amount of severance of two weeks

11-20 Years of Service: One week of Base Pay for every year from 1-10 years of completed service
AND two weeks of Base Pay for every year from 11-20 years of completed service

21-27 Years of Service: One week of Base Pay for every year from 1-10 years of completed service
AND two weeks of Base Pay for every year from 11-20 years of completed service AND three
weeks of Base Pay for every year from 21-27 years of completed service

28 and Over Years of Service: 52 weeks of Base Pay

For Director-level participants, severance pay shall be the greater of: eight weeks of severance or the
severance amount calculated under the above formula.
For Vice President-level participants and above, severance pay shall be the greater of: 12 weeks of
severance or the severance amount calculated under the above formula.
Health & Welfare Benefits:
During the Continuation Period, employees will continue to be eligible to participate in the following
Company benefit plans:

Medical
Dental
Vision
Healthcare Flexible Spending Account
Dependent Care Flexible Spending Account
Health Savings Account

Outplacement Services:
The Company will make outplacement services available through Challenger, Grey & Christmas based on
the employees level within the Company. The level of benefit will be detailed in the employees
personalized packet.

Management Incentive Plan (MIP):
If the employee is eligible to participate in the 2015 MIP, the employee will remain eligible to receive
their annual target bonus at 100% of the annual target, with the bonus amount to be calculated based on
the financial results of Tribune Publishing and/or your Participating Business Unit, as applicable, and
pro-rated based on the period of the employees employment during 2015 through the Last Day of Work.

Vesting of Outstanding Equity Compensation:
Any outstanding stock option and Restricted Stock Unit (RSU) grants under the Companys 2014
Omnibus Incentive Plan (Equity Incentive Plan) held by the employee will continue to be governed by
the terms of the Equity Incentive Plan and related grant award agreements. The portion of the stock
options or RSUs scheduled to vest during the employees Continuation Period but before the Termination
Date will vest as described in the employees individual grant agreement.

All enhanced benefits as part of the EVSP and outlined above is being offered to employees in
return for a signed Separation Agreement and General Release and the successful completion of
specific transition tasks, as defined by the Company.

RETIREE MEDICAL:
Some employees are currently eligible for the Companys retiree medical program, as defined in the
Tribune Publishing Company Benefit Program (Retiree Medical Program) as an employee who has 10
or more years of service, was hired before April 1, 2003 and is at least 55 years of age as of the employees
Last Day of Work. Based on the Companys decision to close the plan for active members as of December
31, 2015, we have outlined the impact to employees below:

Non-EVSP Employee Impact: The Companys retiree medical program will be closed to all active
employees as of December 31, 2015; therefore the benefits under this plan will terminate for all active
employees who remain employed by the Company after such date.

EVSP Employee Impact: Any employee who meets the eligibility requirements of the retiree medical
program and exits the Company as part of the EVSP will continue to remain in the program and receive
benefits past employees termination date, the plan closure date of December 31, 2015 or as long as the
plan continues. The Company cannot guarantee that the Retiree Medical Program will be available to
retirees at any time in the future and the Company reserves the right to modify, amend or terminate the
Retiree Medical Program at any time.