Document:

Letter Agreement - Leonard A. Mariani dated September 13, 2007

 Exhibit 10.26 
 September 13, 2007 
 Mr. Leonard A. Mariani 
 [Address] 
 Dear Len: 
 I am pleased to extend this
offer to you for the position of Senior Vice President, Marketing and Admissions, at Career Education Corporation (“CEC” or the “Company”). Your position will be based in our corporate offices in Hoffman Estates, and you will
report to me. This is an important Corporate Officer role and you will be part of our Company’s Senior Leadership Team. 
 Following are the details of
your compensation package: 
  

	 	1.	The base salary for this position is $29,166.66 per month (which equates to an annual salary of $350,000). Your base salary will be reviewed on an annual basis.

  

	 	2.	A sign-on bonus of $100,000 will be paid within 30 days of the start of your employment provided you commence employment with CEC by October 1, 2007. You will be required to
repay the entire sign-on bonus if (a) you voluntarily resign from your employment with the Company prior to the one-year anniversary of your commencement of employment without Good Reason (as defined in paragraph 11 below), or (b) you are
terminated for Cause (as defined in paragraph 11 below) prior to the one-year anniversary of the commencement of your employment. 

  

	 	3.	You will be eligible to participate in the Corporate Bonus Program at the Company. Your target annual bonus will initially be 50% of base salary earned and such bonuses are
typically paid in February or March of the year subsequent to the year for which they are earned. Your bonus for 2007 will be guaranteed to be a minimum of 50% (and a maximum of 200%) of base salary earned so long as you continue in our employment
through December 31, 2007. Such bonus payment will be made no later than March 15, 2008. 

  

	 	4.	You will also eligible to participate in the Corporate Over Achievement Bonus Plan. Payments under this plan are at the discretion of the Chief Executive Officer and the
Compensation Committee of the Board of Directors based on Company achievement in excess of budgeted income. 

 Mr. Leonard A. Mariani 
 Page Two 
 September 13, 2007 
  

  

	 	5.	The Company will grant you 10,000 options under the terms of its 1998 Employee Incentive Compensation Plan (the “Compensation Plan”) with an exercise price equal to the
stock price at the close of business on your first day of employment. The options will vest 25% per year over four years. Beginning in 2008 and thereafter, you will be eligible to participate in the Company’s equity compensation programs.

  

	 	6.	You will be granted 6,500 shares of restricted stock under the Compensation Plan. These 6,500 shares will vest on the third anniversary of the grant date, subject to the terms of
the restricted stock agreement and the Compensation Plan. All grants of stock options and restricted stock are contingent upon formal approval by the Compensation Committee of the CEC Board of Directors. 

  

	 	7.	You will earn vacation at a rate of 15 working days per year. 

  

	 	8.	You will be eligible to participate in the benefit programs available to our employees as soon as you meet the eligibility requirements of each plan. 

  

	 	9.	You will receive relocation benefits under CEC’s “Tier A” relocation program. Details of this program have been sent to you separately. 

  

	 	10.	During the first twelve (12) months of your employment, in the event of either an involuntary termination by CEC without cause (as defined in the Compensation Plan) or a
voluntary resignation for Good Reason (as defined below), you will be eligible to receive severance benefits equal to one (1) year of base salary, and a pro-rated target bonus, if earned, based on actual time worked in the position (such bonus
to be paid no later than March 15 of the year following termination of employment). If you are a “specified employee” (as described in Section 409A of the Internal Revenue Code) on the date of any such termination, then any
severance payment will be delayed until the date that is six months following the date of your “separation from service” (as defined under Section 409A of the Internal Revenue Code). For purposes hereof, “Good Reason” is
defined as a material diminution in duties or responsibilities inconsistent with your position as Senior Vice President, Marketing and Admissions. 

  

	 	11.	After twelve (12) months of employment, you will be covered under, and subject to the terms of, the normal CEC Severance Plan for Executive Level Employees (the “Severance
Plan”). Benefits under the Severance Plan currently consist of six-months annual base salary, and pro-rated target bonus, if earned, based on actual time worked in the position. 

  

	 	12.	Severance benefits are conditioned upon your execution and non-revocation of a complete release of all claims against the Company in such form as provided by the Company.

  

	 	13.	Severance benefits are not paid in event of death, disability, retirement, voluntary resignation without good reason or termination for cause. 

 Mr. Leonard A. Mariani 
 Page Three 
 September 13, 2007 
  

	 	14.	This letter contains all agreements, and supersedes all other agreements, verbal and written, pertaining to your employment with CEC. Employment at the Company is employment at-will
and may be terminated at the will of either you or the Company. 

 Please call me at
                         (office) or
                         (mobile) if you wish to discuss this offer. 
 Len, I am excited about you joining me and the Career Education Corporation team. I know you have the skills and experience to do a great job and to help us make a
positive difference. 
 Sincerely, 
 Gary E. McCullough

 President and Chief Executive Officer 
  

					
	Accepted and Agreed to:	 		 	
	  
	 		 	  

	Leonard A. Mariani	 		 	Date
	
	Expected Start Date:
                            , 2007First amendment to the 2008 Incentive Compensation Plan

 Exhibit 10.30 
 First Amendment to the Career Education Corporation 
 2008 Incentive Compensation Plan

 FIRST AMENDMENT TO THE 
 CAREER EDUCATION CORPORATION 
 2008 INCENTIVE COMPENSATION PLAN 
 WHEREAS, Career Education Corporation (the “Company”) has established and maintains the Career Education Corporation 2008 Incentive Compensation
Plan, effective as of May 13, 2008 (the “Plan”); 
 WHEREAS, Section 15.1 of the Plan reserves to the Board (unless
otherwise stated in this Amendment, capitalized terms used herein shall have the meaning ascribed to such terms in the Plan) the right to amend the Plan; and 
 WHEREAS, effective as of January 1, 2009, the Board desires to amend the Plan as provided herein. 
 NOW, THEREFORE, BE IT
RESOLVED, that, pursuant to the power and authority reserved to the Board by Section 15.1 of the Plan, effective as of January 1, 2009 the Plan be and hereby is amended in the following manner: 
  

	I.	Section 5.3(d) of the Plan is amended in its entirety to read as follows: 

  

	 	(d)	 Waiver by Committee. Notwithstanding the foregoing provisions of this Section 5.3, the Committee may in its sole discretion as to all or part of any
Award as to any Grantee, at the time the Award is granted or thereafter, determine that Awards shall become exercisable or vested during employment or service or upon a Termination of Service, determine that Awards shall continue to become
exercisable or vested in full or in installments after Termination of Service, extend the period for exercise of Options or SARs following Termination of Service (but not beyond the original Term), or provide that any Award shall in whole or in part
not be forfeited upon such Termination of Service. Notwithstanding the preceding sentence, the Committee shall not have the authority under this Section 5.3(d) to (i) take any action with respect to an Award to the extent that such action
would cause an Award that is not intended to be deferred compensation subject to Code Section 409A to be subject thereto (or if such Awards are already subject to Code Section 409A, so as not to give rise to liability under Code
Section 409A), or (ii) accelerate, vest or waive Restrictions with respect to any Awards of Options, SARs, Restricted Stock, Restricted Stock Units, Deferred Stock, Performance Units payable in Shares, or Annual Incentive Awards payable in
Shares, except for accelerations, vesting or waivers (A) that (exclusive of the accelerations, vesting and waivers permitted pursuant to clauses (B) and (C) below) do not, in the aggregate, exceed five percent (5%) of the 

	 	 
Available Shares under the Plan (as such number may be adjusted or increased from time to time pursuant to the Plan), (B) that occur in connection with
a Change in Control, or (C) that occur, with a respect to any Grantee, in connection with the death, Retirement or Disability of such Grantee. 

  

	II.	Section 8.4 of the Plan is amended in its entirety to read as follows: 

  

	 	8.4	Vesting. Shares subject to a Restricted Stock Award shall become vested as specified in the applicable Award Agreement (thereafter being referred to as “Unrestricted
Stock”). For purposes of calculating the number of Shares of Restricted Stock that become Unrestricted Stock as set forth above, Share amounts shall be rounded to the nearest whole Share amount. Except as otherwise provided pursuant to Sections
5.3(b), 5.3(d) and 13, (a) in the case of a Restricted Stock Award which is conditioned upon the attainment of specified performance goals by the Grantee with the Company or a Subsidiary (including a division or business unit of the Company or
a Subsidiary), the Restrictions shall last for no less than one (1) year, or (b) in the case of a Restricted Stock Award which is conditioned solely upon the continuous employment by the Grantee with the Company or a Subsidiary, the
Restrictions shall last for no less than three (3) years. Except as otherwise provided pursuant to Sections 5.3(b), 5.3(d) and 13, during the mandated one-year and three-year period of Restrictions, as applicable, the Committee may not waive
the restrictions for all or any part of such Award. 

  

	III.	Section 9.2 of the Plan is amended by adding the following to the end thereof: 

 Except as otherwise provided pursuant to Sections 5.3(b), 5.3(d) and 13, (a) in the case of a Restricted Stock Unit which is conditioned upon the
attainment of specified performance goals by the Grantee with the Company or a Subsidiary (including a division or business unit of the Company or a Subsidiary), the Restrictions shall last for no less than one (1) year, or (b) in the case
of a Restricted Stock Unit which is conditioned solely upon the continuous employment by the Grantee with the Company or a Subsidiary, the Restrictions shall last for no less than three (3) years. Except as otherwise provided pursuant to
Sections 5.3(b), 5.3(d) and 13, during the mandated one-year and three-year period of Restrictions, as applicable, the Committee may not waive the restrictions for all or any part of such Award. 
  

	IV.	Section 10.2 is amended by adding the following to the end thereof: 

 Except as otherwise provided pursuant to Sections 5.3(b), 5.3(d) and 13, (a) in the case of a grant of Deferred Stock which is conditioned upon the attainment of specified performance goals by the Grantee with
the Company or a Subsidiary 

 
(including a division or business unit of the Company or a Subsidiary), the Restrictions shall last for no less than one (1) year, or (b) in the
case of a grant of Deferred Stock which is conditioned solely upon the continuous employment by the Grantee with the Company or a Subsidiary, the Restrictions shall last for no less than three (3) years. Except as otherwise provided pursuant to
Sections 5.3(b), 5.3(d) and 13, during the mandated one-year and three-year period of Restrictions, as applicable, the Committee may not waive the restrictions for all or any part of such Award. The mandated one-year and three-year period of
Restrictions, as applicable, shall not apply with respect to (i) Deferred Stock acquired upon the lapse of Restrictions on Restricted Stock or Restricted Stock Units, or (ii) Deferred Stock purchased using deferrals of salary or bonus
payments. 
  

	V.	Section 11.1 amended by adding the following to the end thereof: 

 Except as otherwise provided pursuant to Sections 5.3(b), 5.3(d) and 13, in the case of a Performance Unit Award payable in Shares, the Restrictions shall last for no less than one (1) year. Except as otherwise
provided pursuant to Sections 5.3(b), 5.3(d) and 13, during the mandated one-year period of Restrictions the Committee may not waive the restrictions for all or any part of such Award. 
  

	VI.	Section 12.1 amended by adding the following to the end thereof: 

 Except as otherwise provided pursuant to Sections 5.3(b), 5.3(d) and 13, in the case of an Annual Incentive Award payable in Shares, the Restrictions shall last for no less than one (1) year. Except as otherwise
provided pursuant to Sections 5.3(b), 5.3(d) and 13, during the mandated one-year period of Restrictions the Committee may not waive the restrictions for all or any part of such Award. The mandated one-year period of Restrictions shall not apply to
a Grantee who, during a Performance Period, first becomes eligible for an Annual Incentive Award as a result of being hired, transferred or promoted into a position which causes such Grantee to be eligible for such Annual Incentive Award.

  

	VII.	Except as provided herein, the Plan shall remain in full force and effect. 

 IN WITNESS WHEREOF, the Board has caused this amendment to be executed effective as of January 1, 2009. 
  

			
	CAREER EDUCATION CORPORATION
		
	By:	 	  

		
	Name:	 	  

		
	Its:

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