Document:

Exhibit 10.73

 

	
   

  	
  July 2, 2003

  

 

 

	
  Chris Robinson

  
	
  c/o Russ Berrie (UK) Limited

  
	
  Liberty House

  
	
  Hounsdown Business Park

  
	
  Southampton, Hampshire

  
	
  ENGLAND S040 9RB

  

 

Dear Chris:

 

As you know, the Board of Directors of the Company has authorized the
exploration of a possible sale of the Company, although no decision to effect a
sale has been made and there can be no assurance that it will occur or as to
the timing thereof.

 

The Board of Directors believes that your continued service as an
executive and effective participation in the exploration of a possible sale is
important to the Company.  Accordingly,
the Board of Directors has determined that if an unaffiliated purchaser
acquires substantially all of the Company’s outstanding stock or assets through
a negotiated transaction on or before December 31, 2003, and you remain
employed by the Company through the consummation of that transaction, you will
be awarded a special bonus of One Hundred and Fifty Thousand Dollars
($150,000).  (If for any reason you are
not employed by the Company when the sale is consummated, you will not be
entitled to any payment under this letter.)

 

The bonus contemplated above is in addition to any other compensation
to which you may be entitled from the Company. 
Nothing in this letter alters any of the terms of your employment with
the Company or creates any obligation on the part of the Company to retain you
as an employee.

 

	 
	
   

  	
  Very truly yours,

  
	 
	
   

  	
   

  
	 
	
   

  	
   

  
	
   

  	
  /s/ Angelica Berrie

  	
   

  
	 
	
   

  	
  Angelica Berrie

  Chief Executive OfficerExhibit 10.74

 

	
   

  	
  July 2, 2003

  

 

	
  A. Curts Cooke

  c/o Russ Berrie and Company, Inc.

  111 Bauer Drive

  Oakland, NJ 07436

  

 

Dear Curts:

 

As you know, the Board of Directors of the Company has authorized the
exploration of a possible sale of the Company, although no decision to effect a
sale has been made and there can be no assurance that it will occur or as to
the timing thereof.

 

The Board of Directors believes that your continued service as an
executive and effective participation in the exploration of a possible sale is
important to the Company.  Accordingly,
the Board of Directors has determined that if an unaffiliated purchaser
acquires substantially all of the Company’s outstanding stock or assets through
a negotiated transaction on or before December 31, 2003, and you remain
employed by the Company through the consummation of that transaction, you will
be awarded a special bonus of One Hundred and Fifty Thousand Dollars
($150,000).  (If for any reason you are
not employed by the Company when the sale is consummated, you will not be
entitled to any payment under this letter.)

 

The bonus contemplated above is in addition to any other compensation
to which you may be entitled from the Company. 
Nothing in this letter alters any of the terms of your employment with
the Company or creates any obligation on the part of the Company to retain you
as an employee.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Angelica Berrie

  	
   

  
	
   

  	
  Angelica Berrie

  Chief Executive OfficerExhibit 10.75

 

	
   

  	
  July 2, 2003

  

 

	
  Dan Schlotterbeck

  c/o Russ Berrie and Company, Inc.

  111 Bauer Drive

  Oakland, NJ 07436

  	
   

  

 

Dear Dan:

 

As you know, the Board of Directors of the Company has authorized the
exploration of a possible sale of the Company, although no decision to effect a
sale has been made and there can be no assurance that it will occur or as to
the timing thereof.

 

The Board of Directors believes that your continued service as an
executive and effective participation in the exploration of a possible sale is
important to the Company.  Accordingly,
the Board of Directors has determined that if an unaffiliated purchaser
acquires substantially all of the Company’s outstanding stock or assets through
a negotiated transaction on or before December 31, 2003, and you remain
employed by the Company through the consummation of that transaction, you will
be awarded a special bonus of One Hundred Thousand Dollars ($100,000).  (If for any reason you are not employed by the
Company when the sale is consummated, you will not be entitled to any payment
under this letter.)

 

The bonus contemplated above is in addition to any other compensation
to which you may be entitled from the Company. 
Nothing in this letter alters any of the terms of your employment with
the Company or creates any obligation on the part of the Company to retain you
as an employee.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Angelica Berrie

  	
   

  
	
   

  	
  Angelica Berrie

  Chief Executive OfficerExhibit 10.76

 

	
   

  	
  July 2, 2003

  

 

 

	
  Eva Goldenberg

  c/o Russ Berrie and Company, Inc.

  111 Bauer Drive

  Oakland, NJ 07436

  

 

Dear Eva:

 

As you know, the Board of Directors of the Company has authorized the
exploration of a possible sale of the Company, although no decision to effect a
sale has been made and there can be no assurance that it will occur or as to
the timing thereof.

 

The Board of Directors believes that your continued service as an
executive and effective participation in the exploration of a possible sale is
important to the Company.  Accordingly,
the Board of Directors has determined that if an unaffiliated purchaser
acquires substantially all of the Company’s outstanding stock or assets through
a negotiated transaction on or before December 31, 2003, and you remain
employed by the Company through the consummation of that transaction, you will
be awarded a special bonus of One Hundred Thousand Dollars ($100,000).  (If for any reason you are not employed by
the Company when the sale is consummated, you will not be entitled to any
payment under this letter.)

 

The bonus contemplated above is in addition to any other compensation
to which you may be entitled from the Company. 
Nothing in this letter alters any of the terms of your employment with
the Company or creates any obligation on the part of the Company to retain you
as an employee.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Angelica Berrie

  	
   

  
	
   

  	
  Angelica Berrie

  Chief Executive OfficerExhibit 10.77

 

	
   

  	
  July 2, 2003

  

 

 

	
  Jack Toolan

  c/o Russ Berrie and Company, Inc.

  111 Bauer Drive

  Oakland, NJ 07436

  

 

Dear Jack:

 

As you know, the Board of Directors of the Company has authorized the
exploration of a possible sale of the Company, although no decision to effect a
sale has been made and there can be no assurance that it will occur or as to
the timing thereof.

 

The Board of Directors believes that your continued service as an
executive and effective participation in the exploration of a possible sale is
important to the Company.  Accordingly,
the Board of Directors has determined that if an unaffiliated purchaser
acquires substantially all of the Company’s outstanding stock or assets through
a negotiated transaction on or before December 31, 2003, and you remain
employed by the Company through the consummation of that transaction, you will
be awarded a special bonus of Two Hundred and Fifty Thousand Dollars
($250,000).  (If for any reason you are
not employed by the Company when the sale is consummated, you will not be
entitled to any payment under this letter.)

 

The bonus contemplated above is in addition to any other compensation
to which you may be entitled from the Company. 
Nothing in this letter alters any of the terms of your employment with the
Company or creates any obligation on the part of the Company to retain you as
an employee.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Angelica Berrie

  	
   

  
	
   

  	
  Angelica Berrie

  Chief Executive OfficerExhibit 10.78

 

	
   

  	
  July 2, 2003

  

 

 

	
  Jeffrey A. Bialosky

  c/o Russ Berrie and Company, Inc.

  111 Bauer Drive

  Oakland, NJ 07436

  

 

Dear Jeff:

 

As you know, the Board of Directors of the Company has authorized the
exploration of a possible sale of the Company, although no decision to effect a
sale has been made and there can be no assurance that it will occur or as to
the timing thereof.

 

The Board of Directors believes that your continued service as an
executive and effective participation in the exploration of a possible sale is
important to the Company.  Accordingly,
the Board of Directors has determined that if an unaffiliated purchaser
acquires substantially all of the Company’s outstanding stock or assets through
a negotiated transaction on or before December 31, 2003, and you remain
employed by the Company through the consummation of that transaction, you will
be awarded a special bonus of One Hundred Thousand Dollars ($100,000).  (If for any reason you are not employed by
the Company when the sale is consummated, you will not be entitled to any
payment under this letter.)

 

The bonus contemplated above is in addition to any other compensation
to which you may be entitled from the Company. 
Nothing in this letter alters any of the terms of your employment with
the Company or creates any obligation on the part of the Company to retain you
as an employee.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Angelica Berrie

  	
   

  
	
   

  	
  Angelica Berrie

  Chief Executive OfficerExhibit 10.79

 

	
   

  	
  July 2, 2003

  

 

 

	
  John Wille

  c/o Russ Berrie and Company, Inc.

  111 Bauer Drive

  Oakland, NJ 07436

  

 

Dear John:

 

As you know, the Board of Directors of the Company has authorized the
exploration of a possible sale of the Company, although no decision to effect a
sale has been made and there can be no assurance that it will occur or as to
the timing thereof.

 

The Board of Directors believes that your continued service as an
executive and effective participation in the exploration of a possible sale is
important to the Company.  Accordingly,
the Board of Directors has determined that if an unaffiliated purchaser
acquires substantially all of the Company’s outstanding stock or assets through
a negotiated transaction on or before December 31, 2003, and you remain
employed by the Company through the consummation of that transaction, you will
be awarded a special bonus of One Hundred and Fifty Thousand Dollars
($150,000).  (If for any reason you are
not employed by the Company when the sale is consummated, you will not be
entitled to any payment under this letter.)

 

The bonus contemplated above is in addition to any other compensation
to which you may be entitled from the Company. 
Nothing in this letter alters any of the terms of your employment with
the Company or creates any obligation on the part of the Company to retain you
as an employee.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Angelica Berrie

  	
   

  
	
   

  	
  Angelica Berrie

  Chief Executive Officer

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