DEFERRED COMPENSATION AGREEMENT (As Amended and Restated Effective January 1, 2005)Deferred Compensation Agreement • April 7th, 2006 • Scholastic Corp • Books: publishing or publishing & printing • New York
THIS DEFERRED COMPENSATION AGREEMENT (“Agreement”) originally made and entered into in the City of New York, State of New York, on the 31st day of July 1989, by and between Scholastic Inc., a New York corporation (“Scholastic”), and Ernest Fleishman, an individual residing in the State of Connecticut (“Employee”) is hereby amended and restated effective as of January 1, 2005 primarily in order to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (“Code”). For purposes of clarity and consistency, the Agreement, as in effect immediately prior to January 1, 2005, shall be referred to and known as the “Grandfathered Agreement” and the Agreement, as amended and restated and as set forth herein, shall be referred to and known as the “Deferred Compensation Agreement.”
