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«First» «Last»
 AGREEMENT FOR
DEFERRED COMPENSATION BENEFITS
 <<NAME>>
 Section 1  Deferred Amount
 
 Section 2  Deferral Period
  One (1) year from the ending date set forth in Section 1.*Three (3) years from the ending date set forth in Section 1.Five (5) years from the ending date set forth in Section 1.Participants Separation from Service (as defined by Internal Revenue Code Section 409A and related regulations).**
   * Note: A Participant may not re-defer a one-year deferral.
 **If Separation from Service is not elected by the Participant, the Plan may require the
Participant to wait to receive his or her Deferred Compensation Benefits until the date
selected above.




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Section 3  Form of Benefits Payment
  Lump Sum Payment.Payment over five (5) years, as outlined in Attachment 1.Payment over ten (10) years, as outlined in Attachment 1.
  Section 4  Amendments
  Section 5  Term of Agreement
  Section 6  Rights and Obligations
   AGREED TO BY:«First» «Last»
    
    Employer SignatureDate
    
    Date
 2




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Form of Benefits Payment Options.
  Option 1.
 Option 2.
 Payment Date
    
    Payment AmountPayment Number 1
    
    within 30 days after the
date that occurs six (6)
months after Separation
from Service
    
    20% of the then current
balancePayment Number 2
    
    January 15 of the
calendar year following
the calendar year of
Payment Number 1
    
    25% of the then current
balancePayment Number 3
    
    Twelve (12) months after
the date of Payment
Number 2
    
    33% of the then current
balancePayment Number 4
    
    Twelve (12) months after
the date of Payment
Number 3
    
    50% of the then current
balancePayment Number 5
    
    Twelve (12) months after
the date of Payment
Number 4
    
    current balance
 Option 3.
 Payment Date
    
    Payment AmountPayment No. 1
    
    1st Anniversary of Separation from Service
    
    1/10 of Account BalancePayment No. 2
    
    2nd Anniversary of Separation from Service
    
    1/9 of Account BalancePayment No. 3
    
    3rd Anniversary of Separation from Service
    
    1/8 of Account BalancePayment No. 4
    
    4th Anniversary of Separation from Service
    
    1/7 of Account BalancePayment No. 5
    
    5th Anniversary of Separation from Service
    
    1/6 of Account BalancePayment No. 6
    
    6thAnniversary of Separation from Service
    
    1/5 of Account BalancePayment No. 7
    
    7thAnniversary of Separation from Service
    
    1/4 of Account BalancePayment No. 8
    
    8thAnniversary of Separation from Service
    
    1/3 of Account BalancePayment No. 9
    
    9thAnniversary of Separation from Service
    
    1/2 of Account BalancePayment No. 10
    
    10thAnniversary of Separation from
Service
    
    Entire Account Balance
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CONFIDENTIAL
 Date:To:
    
    «Name»From:Subject:
    
    Executive Deferred Compensation Plan
  1.
    
    Receive a lump sum distribution including investment earnings
(losses) at the end of the deferral period,2.
    
    re-defer the balance, or3.
    
    Receive discounted options pursuant to the American Greetings
Corporation Executive Third Party Option Plan in lieu of deferred compensation
at the end of the deferral period
  «Item_Deferred»
   «Item_Deferred»
    Participant Signature
 4