SUMMARY PLAN DESCRIPTION FOR THE ADVANCE PENSION PLAN (for The Republican Company) INTRODUCTION The Advance Pension Plan (for The Republican Company) (the “Plan”) is intended to be a qualified retirement plan under the Internal Revenue Code. The purpose of the Plan is to provide eligible Employees of The Republican Company (the “Company”) with a monthly income when they retire. The Plan also provides certain benefits in the event of death or other termination of employment. This booklet is called a Summary Plan Description (“SPD”), which provides a summary of your rights and benefits under the Plan. If you have difficulty understanding any part of this SPD, you should contact Dave Evans, who is the local Plan Administrator Representative. The SPD is a brief description of the principal provisions of the Plan document and trust agreement, as of January 1, 2013, unless specifically stated otherwise herein. The SPD is not meant to interpret, extend or change these provisions in any way. A copy of the Plan document is on file with the local Plan Administrator Representative and may be read by any Employee at any reasonable time. The Plan document and trust agreement shall govern if there is a discrepancy between this SPD and the actual provisions of the Plan. 1 PLANNING FOR RETIREMENT As you look ahead to retirement, you should keep in mind the following sources, all of which will form a part of your retirement savings. Your Company Pension The Company Pension Plan will provide you with a monthly income payable upon your retirement from active work with the Company. The Company pays the full cost by making contributions on your behalf to the Plan’s trust fund. You make no contribution to the Plan. The Plan is known as a “defined benefit plan”, which means the Company will pay you a specified amount that is predetermined using a specific formula. Your Company 401(k) Plan The Company 401(k) Plan allows you to save for your retirement by setting aside each year on a before-tax and/or after-tax basis a portion of your current salary. The Company matches a percentage of the contributions you make to the 401(k) Plan up to a maximum of 6% of your eligible compensation. Your contributions, the Company’s matching contributions, and any earnings on those contributions grow in the 401(k) Plan on a tax- deferred basis. Your Social Security Benefits You and the Company both contribute the same amount for your Social Security benefits. Eligibility for full benefits depends on your date of birth, but benefits can be payable as early as age 62 in a reduced amount. Also, if you retire at age 65 and your spouse is at least age 62, your spouse may receive an additional benefit. If you would like to know when full benefits will be available, contact the Social Security Administration or the Human Resources Department. Your Own Personal Savings Another step towards “financial security” is to save regularly for your retirement years. We encourage you to include regular savings as part of your retirement planning. 2 WHO IS ELIGIBLE TO PARTICIPATE The Employees of the Company who are eligible to participate in the Plan are those non- collectively bargained Employees who are paid on an hourly or salaried basis. The definition of Employee does not include: (i) individuals engaged in any aspect of distribution of newspapers or magazines who are not compensated on an hourly or salaried basis and whose compensation is substantially based upon the difference between the wholesale and retail rate of the newspaper or magazine, the number of copies or items delivered, the number of delivery locations served, or a flat payment; or (ii) individuals engaged in any aspect of the preparation of written or photographic material submitted for publication in a newspaper or magazine who are not compensated on an hourly or salaried basis and whose compensation is substantially based upon a per article or per photograph fee, the number of words written, the number of photographs, slides, negatives or rolls of film submitted, or a flat payment. The definition of Employee also does not include any individual who is a signatory to, or is engaged by a company or other entity that is a signatory to, a contract, letter agreement or other document that acknowledges his or her status as an independent contractor not entitled to benefits under the Plan or was not otherwise classified by the Company as a common law employee and with respect to whom the Company does not withhold income taxes and file Form W-2 (or any replacement form), with the Internal Revenue Service and does not remit social security payments to the federal government, even if such individual is later adjudicated to be a common law employee. If you were a Participant in the Plan as of December 31, 2012, then you will continue as a Participant as of January 1, 2013. If you are an Employee who is hired or rehired by the Company or who transfers employment from an affiliate to the Company after September 1, 2009, you will not be eligible to join the Plan after September 1, 2009. Also, if you terminated employment and were rehired by the Company prior to September 2, 2009, you will not recommence participation in the Plan, unless you complete at least 1,000 Service Hours in the twelve consecutive month period beginning on your rehire date. Prior to September 2, 2009, you could become a Participant in the Plan on either the January 1st after you reached age 21 and completed one “Year of Service” or 6 months after you reached age 21 and completed one “Year of Service” -- whichever was earlier. However, the last possible date you could have joined the Plan was September 1, 2009. A Year of Service is earned once you have worked for the Company for 12 consecutive months during which you earned at least 1,000 Service Hours. The 12 consecutive month period may be the 12 months that began when you were hired or any Plan Year (January 1 - December 31) after you were hired. 3 SERVICE HOURS Service Hours include all hours you worked plus the number of hours, up to a maximum of 501 hours, for which you are paid and would have worked during periods of authorized absence, such as vacations, holidays, sick leave, jury duty, disability and layoff. Service Hours include hours you would have worked during periods of military leave if you return to work from an authorized leave within the time required by law. VESTING After you are a Participant in the Plan, you will be entitled to receive a pension once you become Vested. Vested means that you are entitled to a pension benefit at your Normal Retirement Date, whether or not you are employed by the Company at that time. In order to be Vested, you must have 5 years of Vesting Service with the Company. You become automatically Vested on your 65th birthday, even with less than 5 years of Vesting Service, if you are employed at that time. However, if you reach age 65 but have less than 5 years of Vesting Service, your vested pension payments will not begin until the 5th anniversary of the date you commenced participation in the Plan. VESTING SERVICE Any Plan Year, including Plan Years after September 1, 2009, in which you are at least 18 years old and during which you earn at least 1,000 Service Hours will count as a year of Vesting Service. If you were a Participant in the Plan prior to September 2, 2009, terminated employment, and are rehired by the Company or an affiliate of the Company after September 1, 2009 without incurring five consecutive Break Years, your pre-break years of Vesting Service and Service Credits will be restored immediately upon your rehire date. NORMAL RETIREMENT DATE Your Normal Retirement Date is the date you reach age 65 and have completed 5 years of Vesting Service. Pension payments normally begin on the first day of the month coinciding with or immediately following your retirement. Before your pension payments can begin, you must apply for benefits by contacting the Plan Administrator Representative. RETIREMENT INCOME The amount of your normal retirement pension is based on a formula. The formula is based on your Current Years of Credit, your 1983 Years of Credit and your Current Average Monthly Compensation. All benefit accruals under the Plan ceased on September 1, 2009. These terms are explained below. 4 1. Current Years of Credit You earn one Current Year of Credit (called Service Credits in the official Plan document) for each Plan Year completed as a Participant from January 1, 1984 through September 1, 2009 in which you earned at least 1,950 Service Hours. If you earn fewer than 1,950 hours but more than 1,000 hours in any Plan Year after you become a Participant, you will earn a partial Year of Credit. You also will receive a fractional Year of Credit, even if you do not earn 1,000 Service Hours, for the period from January 1, 2009 through September 1, 2009 or any Plan Year prior to 2009 in which (1) your participation began (or in which you rejoined the Plan after a Break Year), or (2) you terminated employment with the Company, or (3) retired. No Employees will earn Years of Credit after September 1, 2009. 2. 1983 Years of Credit You earn one 1983 Year of Credit for each Year of Credit completed from the later of the date you become a Participant or January 1, 1970, until December 31, 1983.