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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
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(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 an 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
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President
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Employee
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