exhibit10_1.htm


    
      8K

       

      Exhibit
        10.1

       

      June
        7,
        2007

      


      Mr.
        Robert P. Ambrosini

      9494
        Oak
        Falls Court

      Great
        Falls, VA  22066

      


      Dear
        Mr.
        Ambrosini:

      


      We
        are
        pleased to offer you a position with The Bureau of National Affairs, Inc.,
        as
        Vice President and Chief Financial Officer. You will
        report directly to Paul N. Wojcik, Chief Executive Officer.

      


      The
        following outlines your offer of employment with BNA and other information
        pertinent to your employment:

      


      
        	
                1)  

              	
                Title:  Vice
                  President and Chief Financial Officer (please note that your appointment
                  as an officer must be approved by the BNA Board of Directors, which
                  is
                  scheduled to have its regular meeting on June 7,
                  2007).

              


      

      
        	
                2)  

              	
                Start
                  Date:  June 18,
                  2007.

              


      

      
        	
                3)  

              	
                Salary:  $300,000
                  per year, paid on a bi-weekly
                  basis.

              


      

      
        	
                4)  

              	
                First
                  Paycheck:  Approximately two to four weeks after date
                  of hire.

              


      

      
        	
                5)  

              	
                Hours
                  of Work:  As assigned or agreed to by your
                  manager.

              


      

      
        	
                6)  

              	
                Annual
                  Leave:  Four (4) weeks per year through your 13th
                  year;
                  thereafter, annual leave will accrue under BNA’s leave accrual policy for
                  managers.

              


      

      
        	
                7)  

              	
                Benefits:  BNA
                  provides a very competitive benefits package, which is continually
                  under
                  review, and therefore subject to change.  You should contact
                  Kathy Muller, Director of Compensation and Benefits, at (202) 496-6967,
                  to
                  discuss the specific benefits offered.  Please note that there
                  is a one-month waiting period for enrollment in the BNA health
                  and life
                  insurance plans.  Therefore, you may want to extend your present
                  insurance coverage as necessary.

              


      

      
        	
                8)  

              	
                Incentive
                  Payment:  Since you are starting employment mid-year,
                  you will not be eligible for the 2007 Incentive Compensation
                  Plan.  However, you will be eligible for a 2007 bonus payment
                  based on the same target, formula and timetable applicable to the
                  CFO
                  position under the terms of the Incentive Compensation
                  Plan.

              


      

      
        	
                9)  

              	
                Confidentiality
                  Agreement:  As a member of BNA’s executive team, you
                  will have access to trade secrets, strategic and financial plans,
                  and
                  other confidential and proprietary information of
                  BNA.  Accordingly, you will be required to sign the attached
                  Confidentiality Agreement.

              


      

      
        	
                10)  

              	
                Severance:  BNA
                  intends to enter into an arrangement with you under which you will
                  be paid
                  a severance upon the occurrence of an involuntary termination of
                  your
                  employment with BNA (including a termination after a change of
                  control).

              


      

      


      This
        letter does not constitute an employment contract.  Your employment
        with BNA is at will and your benefits and compensation may be changed at
        any
        time.

      


      BNA
        is
        required by the Federal Immigration Reform and Control Act to
        verify employment eligibility of all new employees.  Therefore, you
        must bring proof of employment eligibility when you come to the Employment
        Office for your initial orientation (passport or driver’s
        license).  You should contact Tony Harris, Director of Employment, at
        (202) 496-6966, to set up convenient time next Thursday afternoon (before
        the
        3:30 p.m. Committee meeting), to fill out the necessary forms.  He
        estimates it will take approximately 30 minutes.

      


      If
        you
        have any questions, please do not hesitate to call me at (202) 452-4672 or
        Eunice Bumgardner at (202) 736-3916.  Please bring
both letters with you when you meet with Tony Harris on June
        7.

      


      Sincerely,


      


      By/s/Carol
        A. Clark

      Carol
        A.
        Clark

      Vice
        President, Resource Management

      


      Enclosure:

      Confidentiality
        Agreement

      


      cc:
        Paul
        N. Wojcik, Chief Executive Officer

           Eunice
        Bumgardner, Vice President & General Counsel

      


      I
        have
        read this letter and I understand that my employment with BNA is at will,
        this
        letter does not constitute an employment contract, and the benefits and
        compensation stated in this letter are subject to change by BNA.

      


      By/s/Robert
        P. Ambrosini                           June
        7,
        2007    

      Robert
        P.
        Ambrosini                            Date