SPECIAL RETIREMENT SUPPLEMENT AGREEMENT December 20, 2004 Mr. Alan Horton
Exhibit 99.02
SPECIAL RETIREMENT SUPPLEMENT AGREEMENT
December 20, 2004
Xx. Xxxx Xxxxxx
0000 Xxxxx Xxxxx Xxxxx, #0000
Xxxxxx, XX 00000
Dear Xxxx:
Per your agreement with the company, you will be paid a special retirement supplement in the amount of $500,000 (gross). As you have requested, this amount will be divided into 3 equal installments and paid over the course of the next three years as follows: January 15, 2005, January 15, 2006 and January 15, 2007.
The company has also agreed to discount the cost of your medical coverage for the term of the contract wherein you have agreed to serve as Chairman of the Scripps Xxxxxx Foundation, or until you become Medicare eligible, whichever comes first. You will pay the same monthly premium as an active employee and the cost will be deducted monthly from the supplemental payroll coordinated by Xxxx Xxxx.
Please note your agreement with the statements included in this document by signing below and return this to my attention.
Sincerely,
Xxxx Xxxx
Vice President
Human Resources
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