Document:

EXHIBIT 10.15

                              STOCK UNIT AGREEMENT
                                    UNDER THE
                SCHOLASTIC CORPORATION 2001 STOCK INCENTIVE PLAN

         This Agreement (the  "Agreement")  is entered into as of the ___ day of
____________,  20__, by and between  Scholastic  Corporation (the "Company") and
_______________ (the "Participant").

                              W I T N E S S E T H:

         WHEREAS, the Company has adopted the Scholastic  Corporation 2001 Stock
Incentive Plan (the "Plan"),  which is administered by a Committee  appointed by
the Company's Board of Directors (the "Committee"); and

         WHEREAS,  pursuant  to  Section  3.3 of the Plan,  the  Committee  also
adopted   guidelines   for  the  grant  of  Stock  Units  under  the  Plan  (the
"Guidelines"), which constitute an Other Stock-Based Award under the Plan.

         NOW, THEREFORE,  for and in consideration of the mutual promises herein
contained,  and for other  good and  valuable  consideration,  the  receipt  and
sufficiency of which are hereby acknowledged, the parties agree as follows:

         1.       GRANT OF STOCK UNITS.

         Subject to the restrictions and other conditions set forth herein,  the
Committee has authorized this grant of __________ Stock Units on  _____________,
20__ (the "Grant Date").

         2.       VESTING AND PAYMENT.

                  (a)      Except as provided in Section 2(c) of this Agreement,
25% of the Award of Stock Units shall vest on the first anniversary of the Grant
Date and an  additional  25% of such  Award of Stock  Units  shall  vest on each
succeeding  anniversary  of the Grant Date,  provided  that the  Participant  is
continuously  employed by the Company or any of its  Affiliates  (including  any
period during which the Participant is on leave of absence or any other break in
employment in accordance  with the Company's  policies and  procedures)  on each
applicable vesting date.

                  (b)      Except as provided in Section 2(c) of this Agreement,
a share of Common Stock shall be  distributed  with respect to each vested Stock
Unit as soon as practicable following the applicable vesting date.

                  (c)      Upon a Termination  of Employment or  Termination  of
Consultancy (as  applicable) by the Participant for Good Reason,  by the Company
without  Cause  or  as a  result  of  the  Participant's  death,  Disability  or
Retirement,  all outstanding  unvested Stock Units shall  immediately vest and a
share of Common  Stock with respect to each Stock Unit shall be  distributed  as
soon as practicable  following such termination.  Notwithstanding the foregoing,
upon a Termination of Employment (other than as a result of death or Disability)
of a Key  Employee,  distributions  shall be  delayed  until  six  months  after
Termination of Employment.

                  (d)      Except as otherwise  provided in Section 2(c) of this
Agreement,  Stock Units that are not vested as of the date of the  Participant's
Termination of Employment or  Termination  of  Consultancy  for any reason shall
terminate and be forfeited in their entirety as of the date of such termination.

         3.       WITHHOLDING.

         Participant  shall  pay,  or  make  arrangements  to pay,  in a  manner
satisfactory  to the Company,  an amount  equal to the amount of all  applicable
federal,  state and local or foreign  taxes  that the  Company  is  required  to
withhold at any time. In the absence of such arrangements, the Company or one of
its   Affiliates   shall  have  the  right  to  withhold  such  taxes  from  the
Participant's  normal  pay or  other  amounts  payable  to the  Participant.  In
addition, any statutorily required withholding  obligation may be satisfied,  in
whole  or in  part,  at the  Participant's  election,  in the  form  and  manner
prescribed by the  Committee,  by delivery of shares of Common Stock  (including
shares issuable under this Agreement).

                                       1
<PAGE>

         4.       PLAN AND GUIDELINES.

         In addition to the terms and  conditions  set forth  herein,  the Stock
Units are subject to and governed by the terms and  conditions  set forth in the
Plan and the  Guidelines,  which are hereby  incorporated  by reference.  Unless
otherwise indicated, any capitalized term used but not defined herein shall have
the meaning ascribed to such term in the Plan and the Guidelines.

         5.       RESTRICTIONS ON SALE.

         Affiliates  may resell  Common  Stock  only  pursuant  to an  effective
registration  statement under the Securities Act, pursuant to Rule 144 under the
Securities  Act, or pursuant to another  exemption from  registration  under the
Securities Act.

         6.       AMENDMENT.

         To the extent  applicable,  the Board or the  Committee may at any time
and from time to time amend,  in whole or in part,  any or all of the provisions
of this  Agreement to comply with  Section 409A of the Code and the  regulations
thereunder or any other applicable law and may also amend,  suspend or terminate
this Agreement subject to the terms of the Plan.

         7.       NOTICES.

         Any notice given  hereunder  shall be in writing and shall be deemed to
have been duly  given:  (i) when  delivered  in person;  (ii) two (2) days after
being sent by United States mail;  or (iii) on the first  business day following
the date of deposit if delivered by a nationally  recognized  overnight delivery
service,  to the appropriate party at the address set forth below (or such other
address as the party shall from time to time specify):If to the Company, to:

                  Scholastic Corporation
                  557 Broadway
                  New York, New York 10012
                  Attention: Corporate Secretary Department

         If to the  Participant,  to the most  recent  address  on file with the
Company.

         IN WITNESS WHEREOF,  the parties hereto have executed this Agreement as
of the day and year first set forth above.

                                          SCHOLASTIC CORPORATION

                                          By:_______________________________

                                          Title:____________________________

                                          PARTICIPANT

                                          ____________________________________Exhibit 10.16

                             SCHOLASTIC CORPORATION

                           GUIDELINES FOR STOCK UNITS
                                GRANTED UNDER THE
                SCHOLASTIC CORPORATION 2001 STOCK INCENTIVE PLAN

         Grants of Stock Units (as defined below) under the Scholastic
Corporation 2001 Stock Incentive Plan (the "Plan") shall be subject to, and
governed by, the provisions set forth in these guidelines, the Plan (including,
without limitation, Article VIII) and the applicable Award Agreement. An Award
of Stock Units shall constitute an Other Stock-Based Award under the Plan.
Unless otherwise indicated, any capitalized term used but not defined in these
guidelines shall have the meaning ascribed to such term in the Plan.

         To the extent applicable, these guidelines are intended to comply with
the applicable requirements of Section 409A of the Code (and the regulations
thereunder) and shall be limited, construed and interpreted in a manner so as to
comply therewith. Notwithstanding anything herein to the contrary, any provision
in these guidelines or any award agreement that is inconsistent with Section
409A of the Code (and the regulations thereunder) shall be deemed to be amended
to comply with Section 409A (and the regulations thereunder) and to the extent
such provision cannot be amended to comply therewith, such provision shall be
null and void.

         These guidelines are effective as of September 20, 2004, and shall
expire in accordance with Article XIV of the Plan.

1.       DEFINITIONS. For purposes of these guidelines, the following
definitions shall apply:

         1.1.     "Cause" means, solely for purposes of the grant of Stock Units
and notwithstanding the definition of Cause in the Plan: (a) in the case where
there is no employment agreement, consulting agreement, change in control
agreement or similar agreement in effect between the Company or an Affiliate and
the Participant at the time of the grant of the Stock Unit (or where there is
such an agreement but it does not define "cause" (or words of like import)) any
of the following as determined by the Committee in its good faith discretion:
(i) willful misconduct of the Participant with regard to the Company; (ii)
willful refusal of the Participant to follow the proper direction of the Board
or any individual to whom the Participant reports; (iii) the Participant's fraud
or dishonesty with regard to the Company (other than good faith expense account
disputes); or (iv) the Participant's conviction of, or plea of guilty or nolo
contendere to, a felony or other crime involving moral turpitude; or (b) in the
case where there is an employment agreement, consulting agreement, change in
control agreement or similar agreement in effect between the Company or an
Affiliate and the Participant at the time of the grant of a Stock Unit that
defines "cause" (or words of like import), "cause" as defined under such
agreement; provided, however, that with regard to any agreement under which the
definition of "cause" only applies on occurrence of a change in control, such
definition of "cause" shall not apply until a change in control actually takes
place and then only with regard to a termination thereafter.

         1.2.     "Disability" means, notwithstanding the definition in the
Plan, the Participant is unable to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period
of not less than 12 months.

         1.3.     "Good Reason" means, solely for purposes of the grant of Stock
Units: (a) in the case where there is no employment agreement, consulting
agreement, change in control agreement or similar agreement in effect between
the Company or an Affiliate and the Participant at the time of the grant of the
Stock Unit (or where there is such an agreement but it does not define "good
reason" (or words of like import)) any of the following as determined by the
Committee in its good faith discretion: (i) any material adverse change in a
Participant's then positions or titles; (ii) a material diminution of a
Participant's then duties, responsibilities or authority; or (iii) a material
decrease in a Participant's annual rate of base salary

<PAGE>

(other than an across-the-board decrease); or (b) in the case where there is an
employment agreement, consulting agreement, change in control agreement or
similar agreement in effect between the Company or an Affiliate and the
Participant at the time of the grant of a Stock Unit that defines "good reason"
(or words of like import), "good reason" as defined under such agreement;
provided, however, that with regard to any agreement under which the definition
of "good reason" only applies on occurrence of a change in control, such
definition of "good reason" shall not apply until a change in control actually
takes place and then only with regard to a termination thereafter.

         1.4.     "Key Employee" means a Participant who is a "key employee" as
defined in Section 416(i) of the Code without regard to paragraph (5) thereof.

         1.5.     "Retirement" means a Termination of Employment on or after age
55 in accordance with the Company's standard retirement policies.

         1.6.     "Stock Unit" means a restricted stock unit, which is a unit of
measurement equivalent to one share of Common Stock but with none of the
attendant rights of a holder of a share of Common Stock until a share of Common
Stock is ultimately distributed in payment of the obligation (other than the
right to receive dividend equivalent amounts in accordance with Section 4
hereof). Upon distribution, all vested Stock Units shall be paid solely in the
form of shares of Common Stock.

2.       ELIGIBILITY. Any Eligible Employee or Consultant (or prospective
employee of the Company or any of its Affiliates or prospective Consultant) who
is designated by the Committee is eligible to receive Stock Units pursuant to
these guidelines.

3.       VESTING OF STOCK UNITS AND PAYMENT.

         3.1.     Except as otherwise provided in Section 3.3 hereof and in the
Award Agreement, 25% of an Award of Stock Units shall vest on the first
anniversary of the grant date and an additional 25% of such Award of Stock Units
shall vest on each succeeding anniversary of the grant date, provided that the
Participant is continuously employed by the Company or any of its Affiliates
(including any period during which the Participant is on leave of absence or any
other break in employment in accordance with the Company's policies and
procedures) on each applicable vesting date.

         3.2.     Except as provided in Section 3.3 hereof, the Company shall
distribute one share of Common Stock with respect to each vested Stock Unit as
soon as practicable following the applicable vesting date.

         3.3.     Upon a Termination of Employment or Termination of Consultancy
(as applicable) by a Participant for Good Reason, by the Company without Cause
or as a result of a Participant's death, Disability or Retirement, all
outstanding unvested Stock Units shall immediately vest and a share of Common
Stock with respect to each Stock Unit shall be distributed as soon as
practicable following such termination. Notwithstanding the foregoing, upon a
Termination of Employment (other than as a result of death or Disability) of a
Key Employee, distributions shall be delayed until six months after Termination
of Employment.

         3.4.     Except as otherwise provided in Section 3.3 hereof, Stock
Units that are not vested as of the date of a Participant's Termination of
Employment or Termination of Consultancy for any reason shall terminate and be
forfeited in their entirety as of the date of such termination.

4.       DIVIDEND EQUIVALENT AMOUNTS. Cash dividends shall be credited to a
Stock Unit dividend book entry account on behalf of each Participant with
respect to each Stock Unit held by such Participant, provided that the right of
each Participant to actually receive such dividend shall be subject to the same
restrictions as the Stock Unit to which the dividend relates. Unless otherwise
determined by the Committee, cash dividends shall not be reinvested in Common
Stock and shall remain uninvested.

                                       2
<PAGE>

5.       FORFEITURE. The Committee may, in its sole discretion, terminate any
outstanding Stock Units if the Committee determines that the Participant engaged
in conduct that constitutes Cause.

6.       AMENDMENT, SUSPENSION OR TERMINATION. To the extent applicable, the
Board or the Committee may at any time and from time to time amend, in whole or
in part, any or all of the provisions of these guidelines or any Award of Stock
Units to comply with Section 409A of the Code and the regulations thereunder or
any other applicable law and may also amend, suspend or terminate these
guidelines and any Award of Stock Units, subject to the terms of the Plan.

7.       SECTION 16(b). To the extent required, these guidelines are intended to
comply with Rule 16b and the Committee shall interpret and administer these
guidelines in a manner consistent therewith. If an officer (as defined in Rule
16b) is designated by the Committee to receive Stock Units, any such Award shall
be deemed approved by the Committee and shall be deemed an exempt purchase under
Rule 16b. Any provisions inconsistent with Rule 16b shall be inoperative and
shall not affect the validity of these guidelines. Notwithstanding anything
herein to the contrary, if the grant of any Award of Stock Units or the payment
of a share of Common Stock with respect to a Stock Unit or any election with
regard thereto results or would result in a violation of Section 16(b) of the
Exchange Act, any such grant, payment or election shall be deemed to be amended
to comply therewith, and to the extent such grant, payment or election cannot be
amended to comply therewith, such grant, payment or election shall be
immediately cancelled and the Participant shall not have any rights thereto.

8.       GOVERNING LAW. Except to the extent preempted by the Code, these
guidelines shall be governed by the laws of Delaware.

9.       PLAN DOCUMENT. These guidelines and an Award of Stock Units are subject
to the terms and conditions of the Plan (including, without limitation, Sections
4.1(a) and 4.2 and Articles VIII, X, XII and XIV).

                                       3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}]]