Document:

EXHIBIT 10.75

 

January 5,
2004

 

Arnold S. Bloom

c/o Russ Berrie and Company,
Inc.

111 Bauer Drive

Oakland, New Jersey  07436

 

Dear Arnold:

 

As you know,
the Board of Directors of the Company has authorized the exploration of a
possible sale of or other major corporate transaction involving the Company,
although no decision to effect such a transaction 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 the Company consummates a Change in Control,
as defined in the Company’s Change in Control Severance Plan, on or before
April 30, 2004, and you remain employed by the Company through the consummation
of that Change in Control, you will be awarded a special bonus of
$150,000.  (If for any reason you are not
employed by the Company when the Change in Control 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.  This letter supercedes the
letter to you, dated July 2, 2003, a copy of which is attached hereto, which
letter shall be of no further force or effect.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ ANGELICA
  BERRIE

  	
   

  
	
   

  	
   

  
	
   

  	
  Angelica
  Berrie

  
	
   

  	
  Chief
  Executive OfficerEXHIBIT 10.76

 

January 5,
2004

 

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 or other major corporate transaction involving the Company, although no
decision to effect such a transaction 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 the Company consummates a Change in Control,
as defined in the Company’s Change in Control Severance Plan, on or before
April 30, 2004, and you remain employed by the Company through the consummation
of that Change in Control, you will be awarded a special bonus of
$150,000.  (If for any reason you are
not employed by the Company when the Change in Control 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.  This letter supercedes the
letter to you, dated July 2, 2003, a copy of which is attached hereto, which
letter shall be of no further force or effect.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ ANGELICA
  BERRIE

  	
   

  
	
   

  	
   

  
	
   

  	
  Angelica
  Berrie

  
	
   

  	
  Chief
  Executive OfficerEXHIBIT 10.77

 

January 5,
2004

 

A. Curts Cooke

c/o Russ Berrie and Company,
Inc.

111 Bauer Drive

Oakland, New Jersey  07436

 

Dear Curts:

 

As you know,
the Board of Directors of the Company has authorized the exploration of a
possible sale of or other major corporate transaction involving the Company,
although no decision to effect such a transaction 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 the Company consummates a Change in Control,
as defined in the Company’s Change in Control Severance Plan, on or before         April 30, 2004, and you remain
employed by the Company through the consummation of that Change in Control, you
will be awarded a special bonus of $150,000. 
(If for any reason you are not employed by the Company when the Change
in Control 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.  This letter supercedes the
letter to you, dated July 2, 2003, a copy of which is attached hereto, which
letter shall be of no further force or effect.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ ANGELICA
  BERRIE

  	
   

  
	
   

  	
   

  
	
   

  	
  Angelica
  Berrie

  
	
   

  	
  Chief
  Executive OfficerEXHIBIT 10.78

 

January 5,
2004

 

Dan Schlotterbeck

c/o Russ Berrie and Company,
Inc.

111 Bauer Drive

Oakland, New Jersey  07436

 

Dear Dan:

 

As you know,
the Board of Directors of the Company has authorized the exploration of a
possible sale of or other major corporate transaction involving the Company,
although no decision to effect such a transaction 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 the Company consummates a Change in Control,
as defined in the Company’s Change in Control Severance Plan, on or before
April 30, 2004, and you remain employed by the Company through the consummation
of that Change in Control, you will be awarded a special bonus of
$100,000.  (If for any reason you are not
employed by the Company when the Change in Control 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.  This letter supercedes the
letter to you, dated July 2, 2003, a copy of which is attached hereto, which
letter shall be of no further force or effect.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ ANGELICA
  BERRIE

  	
   

  
	
   

  	
   

  
	
   

  	
  Angelica
  Berrie

  
	
   

  	
  Chief
  Executive OfficerEXHIBIT 10.79

 

January 5,
2004

 

Eva Goldenberg

c/o Russ Berrie and Company,
Inc.

111 Bauer Drive

Oakland, New Jersey  07436

 

Dear Eva:

 

As you know,
the Board of Directors of the Company has authorized the exploration of a
possible sale of or other major corporate transaction involving the Company,
although no decision to effect such a transaction 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 the Company consummates a Change in Control,
as defined in the Company’s Change in Control Severance Plan, on or before
April 30, 2004, and you remain employed by the Company through the consummation
of that Change in Control, you will be awarded a special bonus of
$100,000.  (If for any reason you are
not employed by the Company when the Change in Control 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.  This letter supercedes the
letter to you, dated July 2, 2003, a copy of which is attached hereto, which
letter shall be of no further force or effect.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ ANGELICA
  BERRIE

  	
   

  
	
   

  	
   

  
	
   

  	
  Angelica
  Berrie

  
	
   

  	
  Chief
  Executive OfficerEXHIBIT 10.80

 

January 5,
2004

 

Jack Toolan

c/o Russ Berrie and Company,
Inc.

111 Bauer Drive

Oakland, New Jersey  07436

 

Dear Jack:

 

As you know,
the Board of Directors of the Company has authorized the exploration of a
possible sale of or other major corporate transaction involving the Company,
although no decision to effect such a transaction 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 the Company consummates a Change in Control,
as defined in the Company’s Change in Control Severance Plan, on or before
April 30, 2004, and you remain employed by the Company through the consummation
of that Change in Control, you will be awarded a special bonus of
$250,000.  (If for any reason you are
not employed by the Company when the Change in Control 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.  This letter supercedes the
letter to you, dated July 2, 2003, a copy of which is attached hereto, which
letter shall be of no further force or effect.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ ANGELICA
  BERRIE

  	
   

  
	
   

  	
   

  
	
   

  	
  Angelica
  Berrie

  
	
   

  	
  Chief
  Executive Officer

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