Exhibit 10.1

MEREDITH CORPORATION
Continuing Restricted Stock Agreement
for Non-Employee Directors

This Agreement is made as of _______________, between Meredith Corporation, an
Iowa corporation (the “Company”), and __________________ (the “Director”),
covering one or more grants by the Company to the Director of shares of
Restricted Stock under the Company's Amended and Restated Meredith Corporation
2004 Stock Incentive Plan or any successor plan (the “Plan”).
The terms of the Plan shall govern this instrument in all respects; and, in the
event of a conflict between the terms of the Plan and any provisions of this
Agreement, the Plan shall control.
1.Grant of Shares. In consideration of valuable services rendered by the
Director to the Company and of the agreements hereinafter set forth, the Company
has granted and may hereafter grant to the Director shares of Common Stock of
the Company, $1.00 par value, (the “Shares”). This Agreement shall govern all
Shares granted to the Director which were granted subject to the Plan, and
expressly includes all outstanding grants of Shares which remain subject to
Restriction as of the date of this Agreement and all subsequent grants which may
be made under the Plan. With respect to each grant of Shares, the date of grant,
the number of Shares granted and the date or dates of the lapse of the
“Restrictions” (as defined in Section 2 below) shall be set forth in a notice of
the grant (“Notice of Grant”) in the form attached as Exhibit A hereto.
Concurrently with each grant, the Company will transfer an amount equal to $1.00
(the par value thereof) from the Company's Additional Paid-in Capital account to
the Company's Common Stock account for each of the Shares that are the subject
of this grant, so that said Shares are fully paid and non-assessable. The Shares
shall be registered on the books of the Company's transfer agent in the
Director's name. The Director shall have all the rights of a shareholder with
respect to the Shares, including the right to vote and to receive dividends or
other distributions paid or made with respect to the Shares. However, the Shares
(and any securities of the Company which may be issued with respect to such
Shares by virtue of any stock split, combination, stock dividend or
recapitalization, which securities shall be deemed to be “Shares” hereunder)
shall be subject to all the restrictions hereinafter set forth.
2.Restriction. Until and to the extent that the restriction imposed by this
Section 2 (the “Restriction”) has lapsed pursuant to Sections 3 or 4 below, the
Shares shall not be sold, exchanged, assigned, transferred, pledged or otherwise
disposed of, and shall be subject to forfeiture as set forth in Section 5 below.
3.Lapse of Restriction by Passage of Time. The Restriction shall lapse, and have
no further force or effect, with respect to the Shares comprising each grant, at
the time or times set forth in the Notice of Grant.
4.Death, Disability or Retirement. In the event of the death, permanent
disability or retirement of the Director prior to the lapse of the Restriction
on any or all of the Shares, the Restriction on all such Shares shall lapse, and
have no further effect, as of the date of death, permanent disability or
retirement. For these purposes, “permanent disability” shall mean any permanent
incapacity that prevents such Director from

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providing effective service on the Board of Directors, and “retirement” shall
mean (a) leaving the Board of the Company at the end of the full term for which
the Director was elected, (b) retirement from the Board of the Company at any
time at or after age 70, or (c) retirement at any time with the consent of the
Board of the Company.
5.Forfeiture of Shares. In the event of the termination of the Director's
service on the Board of the Company for any reason other than death, disability
or retirement, all of the Shares then subject to the Restriction shall be
forfeited and transferred to the Company by the Director, with consideration to
the Director to be paid at a per share price equal to the lesser of (a) the
amount paid, if any, by the Director for such Shares, or (b) the fair market
value of such Shares on the date the Director's service on the Board is
terminated. The purchase price shall be paid in cash to the Director within five
days of such termination.
6.Delivery of Certificates. Certificates representing the Shares as to which the
Restriction has lapsed shall be delivered by the Company to the Director or his
representative.
7.Withholding Taxes. The lapse of the Restriction on any Shares pursuant to
Sections 3 or 4 above shall be conditioned on the Director's having made
appropriate arrangements with the Company to provide for the payment of any
taxes required to be withheld by Federal, State or local law in respect of such
lapse.
8.Notices. All notices hereunder shall be in writing and shall be deemed to be
given when delivered in person or upon the second day after the same are
deposited in the U.S. mail, postage prepaid by certified mail, addressed as
follows:
To the Company:
Meredith Corporation
1716 Locust Street, LS-101A
Des Moines, IA 50309
Attention: Corporate Secretary

To the Director:
____________________________
____________________________
____________________________
____________________________

9.Term of Agreement. This Agreement shall terminate on (a) expiration of
Director's current term, or (b) the date of the lapse of all remaining
Restrictions, whichever is last to occur.

10.Succession. This Agreement shall be binding upon and operate for the benefit
of the Company and its successors and assigns and the Director.

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IN WITNESS WHEREOF, the parties have executed this Agreement, on and as of the
date first above written.

MEREDITH CORPORATION

_______________________________________
 
_______________________________________
John S. Zieser, Chief Development
 
____________________, Director
Officer, General Counsel and Secretary
 
____________________
 
 
Social Security Number

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EXHIBIT A

Notice of Grant
of
Restricted Stock
Grant of Restricted Stock under the Amended and Restated Meredith Corporation
2004 Stock Incentive Plan to __________________________________

Award Date
Number of Shares
Vesting Date
Grant Price