Âé¶¹app

Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plans

v3.6.0.2
Employee Benefit Plans
12 Months Ended
Dec. 31, 2016
Employee Benefit Plans Ìý
Employee Benefit Plans

(15)Employee Benefit Plans

Ìý

Âé¶¹app is the sponsor of the Âé¶¹app Media 401(k) Savings Plan (the "Âé¶¹app 401(k) Plan"), which provides its employees and the employees of certain of its subsidiaries an opportunity for ownership in the Company and creates a retirement fund. The Âé¶¹app 401(k) Plan provides for employees to make contributions to a trust for investment in Âé¶¹app common stock, as well as several mutual funds. The Company and its subsidiaries make matching contributions to the Âé¶¹app 401(k) Plan based on a percentage of the amount contributed by employees. In addition, certain of the Company's subsidiaries have similar employee benefit plans. Employer cash contributions to all plans aggregated $13 million, $15 million and $11 million for each of the years ended December 31, 2016, Ìý2015 and 2014, respectively.