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Exhibit (10)(i)(A)(i)
EMPLOYMENT AGREEMENT
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THIS EMPLOYMENT AGREEMENT made at Cleveland, Ohio, this ______ day of
____________, 19____ , by and between AMERICAN GREETINGS CORPORATION, an Ohio
corporation (herein called the "Corporation") and ______________________________
(herein called "Employee").
In consideration of the covenants hereinafter set forth, the parties hereto
mutually agree as follows:
1. Subject to the provisions hereof, the Corporation shall employ Employee
as on officer of the Corporation, either elected by the Board of
Directors or appointed by the Executive Committee, or as an officer of
a subsidiary company with such duties and responsibilities as may be
assigned to him from time to time by the Board of Directors or the
Executive Committee of the Board of Directors of the Corporation and
Employee shall devote his full business time and attention and give his
best efforts to the business affairs of the Corporation and/or of such
of its subsidiaries as the Board of Directors or the Executive
Committee of the Board of Directors of the Corporation may from time to
time determine. Employee recognizes that in serving as an officer of
the Corporation or as an officer of a subsidiary he serves in such
capacity solely at the pleasure of the Board of Directors or the
Executive Committee of the Board of Directors of the Corporation and
that his employment in such capacity or in any other capacity may be
terminated at any time by the Board of Directors or the Executive
Committee of the Corporation.
2. The Corporation or a subsidiary shall, during the term of this
Employment Agreement, pay to Employee as
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minimum compensation for his services a base salary at a rate to be
fixed by the Board of Directors or the Executive Committee or the
Chairman of the Executive Committee, which rate shall not be less than
$______________________ per year, plus such additional compensation as
the Board of Directors or the Chairman of the Executive Committee or
the Executive Committee of the Board of Directors of the Corporation
may from time to time determine.
3. Employee covenants and agrees that in consideration of his employment
as an officer of the Corporation or as an officer of a subsidiary he
shall not for a period of twelve months after leaving the employ of the
Corporation or a subsidiary, regardless of the reason for such leaving,
enter into the employment, directly or indirectly or in a consulting or
free xxxxx capacity, of any person, firm or corporation in the United
States or Canada, which at such date of leaving the employ of the
Corporation or a subsidiary shall be manufacturing or selling products
that are substantially similar in nature to the products being then
manufactured or sold by the Corporation or the subsidiary.
4. In the event that the employment of Employee under this Employment
Agreement is terminated by the Corporation or a subsidiary, the
Corporation covenants and agrees that it shall pay or cause to be paid
to Employee a continuing salary at a rate which shall be the highest
base salary rate paid Employee during the preceding six-month period
for a period of time equivalent to one-half month for each year of
employment by the Corporation or a subsidiary of the Employee, but in
no event to be less than a period of
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three months nor greater than a period of twelve months. The provisions
of this paragraph shall not be applicable if the Employee is terminated
because of a gross violation of his obligations to the Corporation.
5. In the event that Employee shall cease to be employed as an officer of
the Corporation or a subsidiary but shall continue in the employ of the
Corporation or a subsidiary, then this Employment Agreement shall
terminate twelve months after the date that Employee ceases to be
employed as an officer of the Corporation or a subsidiary.
6. I agree that during the period of my employment and thereafter, I will
keep confidential and will not disclose any information, records,
documents or trade secrets of the corporation acquired by me during my
employment, and except as required by my employment, will not remove
from the Corporation's premises any record or other document relating
to the business of the Corporation; or make copies thereof; it being
recognized by me that such information is the property of the
Corporation.
7. This Agreement shall be applied and interpreted under the laws of the
State of Ohio.
AMERICAN GREETINGS CORPORATION
By /s/ Xxxxx Xxxxx
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Employee
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OFFICERS
Xxx Xxxxxxxxxxx, Xx.
Xxxxxxx X. Xxxxx
Xxxxx Xxxxx
