Document:

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                                                                    Exhibit 10.9

                               PENTON MEDIA, INC.
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
            (As Amended and Restated Effective as of January 1, 2000)

                                    SECTION 1

                                  Introduction

1.1 The Plan and Its Effective Date. This Penton Media, Inc. Supplemental
Executive Retirement Plan (As Amended and Restated Effective as of January 1,
2000, 1999) (the "Plan") was first established by Penton Media, Inc. (the
"Company") effective August 7, 1998 (the "Effective Date").

1.2 Purpose. The Company maintains the Penton Media, Inc. Retirement Plan (as
the same may hereafter be amended, the "Retirement Plan"), which is intended to
meet the requirements of a "qualified plan" under the Internal Revenue Code of
1986, as amended (the "Code"). For purposes of this Plan, the Retirement Plan
shall be deemed to include the Pittway Corporation Retirement Plan (the "Pittway
Plan"), to which the Retirement Plan is a successor. While the Code places
limitations on the maximum benefits which may be paid from a qualified plan and
the maximum amount of an employee's compensation that may be taken into account
for determining benefits payable under a qualified plan, the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), permits the payment under an
"unfunded plan" of benefits which may not be paid under a qualified plan because
of such limitations. The purpose of the Plan is to provide certain key employees
of the Company and its subsidiaries with certain benefits which may not be
provided under the Retirement Plan because of the maximum compensation
limitation of the Code.

                                    SECTION 2

                            Eligibility and Benefits

2.1 Eligibility. Each key employee of the Company or a subsidiary of the Company
who participates in the Retirement Plan and who is designated by the Committee
(as defined in section 3.1 below) shall participate in the Plan (a
"Participant"), subject to the conditions and limitations of the Plan.

2.2 Accrued Benefit.

         (a)      Subject to subsections (b) and (c) of this Section, for each
                  full calendar year and any final fraction of a calendar year
                  of a Participant's duration of employment with the Company
                  and, prior to the Effective Date, with the Pittway Companies
                  (as such term is defined in the Pittway Plan) (the "Employment
                  Period"), the Participant shall accrue a benefit under the
                  Plan equal to the benefit that he would

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                  have received under the Retirement Plan but for the Maximum
                  Dollar Limitation and the Maximum Benefit Limitation (as
                  defined below) and if the definition of "earnings" under the
                  Retirement Plan was as set forth in section 2.3 below, reduced
                  by the benefit that the Participant actually accrues under the
                  Retirement Plan. For purposes of the Plan, (i) "Maximum Dollar
                  Limitation" means, for any year or fraction of a year, the
                  greater of $150,000 or the dollar amount of any higher maximum
                  limitation on annual compensation taken into account under a
                  qualified plan for such year or fraction of a year determined
                  by the Secretary of Treasury or his delegate or by law under
                  section 401(a) (17) of the Code; it being understood that
                  annual compensation for purposes of such limitation is
                  computed differently from Earnings for purposes of the Plan;
                  and (ii) "Maximum Benefit Limitation" means the limitation
                  imposed by Section 415 of the Code on benefits payable under
                  the Retirement Plan. A Participant's accrued benefits under
                  the Plan shall be referred to hereinafter as the Participant's
                  "Supplemental Retirement Benefits."

         (b)      The Committee may specify as to any Participant a date
                  subsequent to the commencement of the Participant's employment
                  with the Company and the Pittway Companies as the date as of
                  which the Participant shall begin to accrue a benefit under
                  the Plan, and only periods after such date shall be treated as
                  employment with the Company and the Pittway Companies for
                  purposes of subsection (a) of this Section.

         (c)      Notwithstanding anything herein to the contrary, any
                  Participant who ceases to be an employee of the Company
                  without a vested benefit under the Retirement Plan shall not
                  be eligible to receive any benefit under the Plan.

2.3 Earnings. For purposes of the Plan, a Participant's "Earnings" for any year
or fraction means his total, regular cash compensation paid for such year or
fraction for services rendered to any Penton Company (as such term is defined in
the Retirement Plan) or, prior to the Effective Date, to the Pittway Companies
(as such term is defined in the Pittway Plan) during such year or fraction,
consisting solely of his salary and his annual discretionary cash bonus, if any,
for such year. The Committee may specify as to any Participant or as to all
Participants a maximum dollar amount of Earnings that may be taken into account
under the Plan. It is expressly understood that a Participant's Earnings do not
include any other compensation, including, without limitation, any of the
following:

         (a)      Long-term incentive compensation;

         (b)      Unused vacation pay;

         (c)      Special cash bonuses;

         (d)      Any income realized for Federal income tax purposes as a
                  result of the grant or exercise of an option or options to
                  acquire shares of common stock of a Pittway Company or the
                  Company, the receipt or exercise of any stock appreciation
                  right

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                  or payment, or the disposition of shares acquired by the
                  exercise of such an option or right;

         (e)      Any noncash compensation, including any amounts contributed by
                  the Participant's employer(s) for his benefit under the
                  Retirement Plan or any other retirement or benefit plan,
                  arrangement, or policy maintained by his employer(s);

         (f)      Any reimbursements for medical, dental or travel expenses,
                  automobile allowances, relocation allowances, educational
                  assistance allowances, awards and other special allowances;

         (g)      Any income realized for Federal income tax purpose as a result
                  of (i) group life insurance, (ii) the personal use of an
                  employer-owned automobile, or (iii) the transfer of restricted
                  shares of stock or restricted property of a Pittway Company or
                  the Company, or the removal of any such restrictions;

         (h)      Any severance pay paid as a result of the Participant's
                  termination of employment (it being expressly understood that
                  any amount(s) taken into account pursuant to the final
                  sentence of section 2.8 below shall not be deemed severance
                  pay for purposes hereof); or

         (i)      Any compensation paid or payable to the Participant, or to any
                  governmental body or agency on account of the Participant,
                  under the terms of any state, Federal or foreign law requiring
                  the payment of such compensation because of the Participant's
                  voluntary or involuntary termination of employment with the
                  Company.

Notwithstanding the foregoing, a Participant's Earnings do include (i) any
salary reduction amount elected by the Participant and credited to a cafeteria
plan (as defined in section 125(c) of the Code) or a qualified cash or deferred
arrangement (as defined in section 401(k) of the Code) and (ii) the initial
value ascribed to any performance shares, deferred shares, restricted shares or
similar award the Participant elects to receive in lieu of a portion of his
annual discretionary cash bonus.

2.4 Payment of Benefits. Subject to the conditions and limitations of the Plan,
upon a Participant's attainment of age 65 years, he shall be entitled to a
monthly benefit payable for his life commencing upon his attainment of age 65
years (or upon his retirement, if later) in an amount equal to one-twelfth
(1/12) of the sum of the Participant's accrued Supplemental Retirement Benefits.
A Participant's Supplemental Retirement Benefits shall be paid to him in the
form described below that applies to the Participant; provided, however, that in
lieu of payment in the normal form described below, the Participant may
irrevocably elect, within thirty (30) days after his commencement of
participation in the Plan, to receive his Supplemental Retirement Benefits in a
single lump sum as soon as practicable after his attainment of age 65 years. A
Participant's "Supplemental Retirement Benefit Commencement Date" means the date
as of which the initial payment (or, in the case of a single lump sum, full
payment) of the Supplemental Retirement Benefits to which the Participant is
entitled is payable. Subject to the

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conditions and limitations of the Plan, a Participant's Supplemental Retirement
Benefit Commencement Date shall normally be the first day of the calendar month
coincident with or next following the Participant's attainment of age 65 years.
Notwithstanding the immediately preceding sentence, if a Participant's
Employment Period terminates prior to his attainment of age 65 years and he is
eligible, and elects, to receive early retirement benefits under the Retirement
Plan, and if the Participant requests a Supplemental Retirement Benefit
Commencement Date prior to his attainment of age 65 years, then with (but only
with) the consent of the Committee, the Participant's Supplemental Retirement
Benefit Commencement Date shall be such earlier date, if any, selected by the
Committee. Supplemental Retirement Benefits that are paid in a lump sum, or
commence, before the Participant's attainment of age 65 years, if any, shall be
subject to actuarial reduction in accordance with section 2.5 below.

         (a)      Life Annuity. If a Participant does not have a Spouse (as
                  defined in section 2.7 below) on his Supplemental Retirement
                  Benefit Commencement Date, and if he has not elected pursuant
                  to the preceding provisions of this section 2.4 to receive his
                  Supplemental Retirement Benefits in a single lump sum, payment
                  of his Supplemental Retirement Benefits shall be during his
                  lifetime on a life annuity basis.

         (b)      Joint and Survivor Annuity. If a Participant has a Spouse on
                  his Supplemental Retirement Benefit Commencement Date, payment
                  of his Supplemental Retirement Benefits shall be in the form
                  of a joint and 50 percent survivor annuity unless the
                  Participant has theretofore elected pursuant to the preceding
                  provisions of this section 2.4 to have his benefits provided
                  in a single lump sum.

                  Such joint and 50 percent survivor annuity shall consist of a
                  reduced monthly benefit continuing during the Participant's
                  lifetime, and if such Spouse is living at the time of the
                  Participant's death, payment of 50 percent of such monthly
                  benefit shall be made to such Spouse until such Spouse's death
                  occurs. The amount of the Participant's and such Spouse's
                  benefits under this subsection shall be calculated so that it
                  is the actuarial equivalent of the Supplemental Retirement
                  Benefits to which the Participant would otherwise be entitled
                  under the Plan. If such Spouse predeceases the Participant, or
                  if the Participant and such Spouse cease to be married after
                  the Participant's Supplemental Retirement Benefit Commencement
                  Date, there shall be no adjustment to the Participant's
                  monthly payments and no Supplemental Retirement Benefits shall
                  be payable to any person after the Participant's death.

2.5 Actuarial Equivalent. A benefit shall be actuarially equivalent to another
benefit if the actuarial reserve required to provide such benefit is equal to
the actuarial reserve required to provide such other benefit, computed on the
basis of the same actuarial assumptions, interest rates, tables, methods and
procedures, including reduction factors for commencement of payments prior to
attainment of age 65 years, that are used for purposes of the Retirement Plan as
in effect on the applicable date that a benefit payment amount is determined.

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2.6 Pre-Retirement Surviving Spouse Benefit. If a Participant dies prior to his
Supplemental Retirement Benefit Commencement Date, no Supplemental Retirement
Benefits under the Plan shall be paid or payable with respect to the
Participant; provided, however, that if the Participant has a Spouse at the time
of his death, such Spouse shall be entitled to receive a monthly benefit for
such Spouse's lifetime equal to 50 percent of the amount of monthly benefit that
would have been payable to the Participant in the form of a joint and 50 percent
survivor annuity if he had terminated employment as of the date of his death
with entitlement to Supplemental Retirement Benefits under the Plan and the
Committee had permitted his Supplemental Retirement Benefit Commencement Date to
occur on the first day of the calendar month coincident with or next following
the date of his death, taking into account actuarial reduction for commencement
prior to the Participant's attainment of age 65 years. The first payment to the
Spouse shall be made as of the first day of the calendar month coincident with
or next following the date of the Participant's death and the final payment
shall be made as of the first day of the calendar month during which the
Spouse's death occurs. If, prior to the Participant's death, the Participant had
elected pursuant to section 2.4 above to receive his Supplemental Retirement
Benefits in a single lump sum, in lieu of the monthly payments described above,
such Spouse shall be entitled to receive a single lump sum equal to 50 percent
of the lump sum value of the Participant's Supplemental Retirement Benefits as
of the date of his death, taking into account actuarial factors for payment
prior to the Participant's attainment of age 65 years. Such lump sum payment
shall be made to such Spouse as soon as practicable following the Participant's
death.

2.7 Spouse. For purposes of the Plan, a person will be considered the "Spouse"
of a Participant as of any date if and only if such person and the Participant
have been married in a religious or civil ceremony recognized under the laws of
the nation or state where the marriage was contracted and the marriage remains
legally effective. Any person who is not, or who has ceased to be, a
Participant's Spouse on the Participant's Supplemental Retirement Benefit
Commencement Date (or, in the event of the Participant's death prior to his
Supplemental Retirement Benefit Commencement Date, the date of his death) shall
not be considered the Participant's Spouse for purposes of the Plan.

2.8 Forfeiture; Early Termination of Employment Period. If the Participant's
Employment Period ends on account of a Termination for Cause (as defined below),
the Participant shall forfeit all of his Supplemental Retirement Benefits, if
any, under the Plan, no benefit under the Plan shall thereafter be payable to or
with respect to the Participant or his Spouse, and any benefit under the Plan
theretofore paid to or with respect to the Participant or his Spouse must be
repaid to the Company by the Participant or his Spouse promptly upon demand.

For purposes of the Plan, "Termination for Cause" shall mean termination of a
Participant's employment because of:

                  (a)      the commission by the Participant of a felony or a
                           crime involving moral turpitude;

                  (b)      the commission by the Participant of a fraud;

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                  (c)      the commission by the Participant of any act
                           involving dishonesty or disloyalty with respect to
                           the Company or any of its subsidiaries or affiliates
                           that harms or damages any of them to any extent;

                  (d)      conduct by the Participant that brings the Company or
                           any of its subsidiaries or affiliates into
                           substantial public disgrace or disrepute; or

                  (e)      gross negligence or willful misconduct by the
                           Participant with respect to the Company or any of its
                           subsidiaries or affiliates.

2.9 Funding. The Plan is intended to be non-qualified for purposes of the Code
and unfunded for purposes of the Code and ERISA. Benefits payable under the Plan
to a Participant and/or his Spouse, as the case may be, shall be paid directly
by the Company. The Company shall not be required to segregate on its books or
otherwise any amount to be used for payment of Supplemental Retirement Benefits
under the Plan. Each Participant and Spouse is solely an unsecured creditor of
the Company with respect to any benefit payable with respect to a Participant
hereunder.

                                    SECTION 3

                               General Provisions

3.1 Committee. The Plan shall be administered by the administrative committee of
the Retirement Plan (the "Committee"). The Committee shall have, to the extent
appropriate, the same powers, rights, duties and obligations with respect to the
Plan as it has with respect to the Retirement Plan. Each determination provided
for in the Plan shall be made by the Committee under such procedure as may from
time to time be prescribed by the Committee and shall be made in the absolute
discretion of the Committee. Any determination so made shall be conclusive.

3.2 Employment Rights. Neither the establishment of, nor participation in, the
Plan shall be construed to give any Participant the right to be retained in the
service of the Penton Companies or to any benefits not specifically provided by
the Plan.

3.3 Taxes and Withholding. Each Participant (or his Spouse, as applicable) shall
be responsible for any taxes imposed on him (or his Spouse) by reason of the
establishment of, or his participation in, the Plan, including, without
limitation, any Federal, state and/or local income or employment taxes imposed
on benefits or potential benefits under the Plan (or on the value thereof)
("Taxes") in advance of the Participant's receipt of such benefits or potential
benefits. The Company or a subsidiary of the Company may deduct any Taxes from
payroll or other payments due the Participant or his Spouse. The Committee shall
deduct from all payments under the Plan any Taxes required to be withheld. In
the event that such deductions and/or withholdings are not sufficient to pay the
Taxes, the Participant (or his Spouse) shall promptly remit the deficit to the
Company upon its request.

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3.4 Interests Not Transferable. Except as to withholding of any Taxes, the
interests of Participants and their Spouses under the Plan are not subject to
the claims of their creditors and may not be voluntarily or involuntarily
transferred, assigned, alienated or encumbered. No Participant shall have any
right to any benefit payments hereunder prior to his termination of employment
with the Penton Companies.

3.5 Payment with Respect to Incapacitated Participants or Beneficiaries. If any
person entitled to benefits under the Plan is under a legal disability or in the
Committee's opinion is incapacitated in any way so as to be unable to manage his
financial affairs, the Committee may direct the payment of such benefit to such
person's legal representative or to a relative or friend of such person for such
person's benefit, or the Committee may direct the application of such benefits
for the benefit of such person in any manner which the Committee may select that
is consistent with the Plan. Any payments made in accordance with the foregoing
provisions of this section shall be a full and complete discharge of any
liability for such payments.

3.6 Limitation of Liability. To the extent permitted by law, no person
(including the Company, any subsidiary of the Company, the Board of Directors of
the Company (the "Board"), the board of directors of any subsidiary of the
Company, the Committee, any present or former member of the Board or of the
board of directors of any subsidiary of the Company or of the Committee, and any
present or former officer of the Company or of any subsidiary of the Company)
shall be personally liable for any act done or omitted to be done in good faith
in the administration of the Plan.

3.7 Controlling Law. The Plan shall be construed in accordance with the
provisions of ERISA and other Federal laws, to the extent such provisions are
applicable to the Plan. To the extent not inconsistent therewith, the Plan shall
be construed in accordance with the laws of the State of Ohio.

3.8 Gender and Number. Where the context admits, words in the masculine gender
shall include the feminine and neuter genders, the plural shall include the
singular and the singular shall include the plural.

3.9 Action by the Company. Any action required of or permitted by the Company
under the Plan, including action by the Company to amend the Plan, shall be by
resolution of the Board or by a duly authorized committee of the Board or by a
person or persons authorized by resolution of the Board or such committee. The
procedure for amending the Plan is that the Plan shall be amended by the Company
taking appropriate corporate action to effectuate any amendment considered by it
to be advisable to be made. Appropriate corporate action includes action by
resolution of the Board, by a committee authorized by the Board, or by a person
or persons authorized by the Board or such committee, as provided above.

3.10 Successor to the Company. The term "Company" as used in the Plan shall
include any successor to the Company by reason of merger, consolidation, the
purchase of all or substantially all of the Company's assets or otherwise.

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3.11 Miscellaneous. The Plan shall be binding upon and inure to the benefit of
the parties, their legal representatives, successors and assigns, and all
persons entitled to benefits hereunder. Any notice given in connection with the
Plan shall be in writing and shall be delivered in person or by registered mail,
return receipt requested. Any notice given by registered mail shall be deemed to
have been given upon the date of delivery indicated on the registered mail
return receipt, if correctly addressed.

                                    SECTION 4

                            Amendment and Termination

While the Company expects to continue the Plan, it must necessarily reserve, and
hereby does reserve, the right, either in general or as to one or more
particular Participants, to amend the Plan from time to time or to terminate the
Plan at any time; provided that no amendment of the Plan with respect to a
Participant that reduces or eliminates any benefits such Participant has accrued
as of the effective date of such amendment shall be effective unless such
Participant consents to such amendment.

         IN WITNESS WHEREOF, this Plan has been executed on behalf of the
Company by its duly authorized officers as of the day and year first above
written.

                                                   PENTON MEDIA, INC.

                                                   By:   ______________________

                                                   Its:  ______________________

                                                   Date: ______________________

                                       8<PAGE>   1
                                                                   Exhibit 10.16

                              EMPLOYMENT AGREEMENT

                  This EMPLOYMENT AGREEMENT ("Agreement") made as of August 24,
1999, between Penton Media, Inc., a Delaware corporation (the "Company"), and
Joseph G. NeCastro ("Executive")

                  In consideration of the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

                  1. Employment. The Company shall employ Executive, and
Executive accepts continued employment with the Company as of the date hereof,
upon the terms and conditions set forth in this Agreement for the period
beginning on the date hereof and ending as provided in paragraph 5 hereof (the
"Employment Period").

                  2. Position and Duties.

                  (a) During the Employment Period, Executive shall serve as
Chief Financial Officer and Treasurer of the Company and shall have the normal
duties, responsibilities and authority of an executive serving in such position,
subject to the power of the Board of Directors of the Company (the "Board") or
the Chief Executive Officer of the Company to expand or limit such duties,
responsibilities and authority, either generally or in specific instances.

                  (b) Executive shall report to the Chief Executive Officer or
the President and Chief Operating Officer of the Company.

                  (c) During the Employment Period, Executive shall devote his
best efforts and his full business time and attention (except for permitted
vacation periods, reasonable periods of illness or other incapacity, and,
provided such activities do not have more than a de minimis effect on
Executive's performance of his duties under this Agreement, participation in
charitable and civic endeavors and management of Executive's personal
investments and business interests) to the business and affairs of the Company.
Executive shall perform his duties and responsibilities to the best of his
abilities in a diligent, trustworthy, businesslike and efficient manner.

                  (d) Executive shall perform his duties and responsibilities
principally in the Cleveland, Ohio metropolitan area, and shall not be required
to travel outside that area any more extensively than he has done in the past in
the ordinary course of the business of the Company.
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                  3. Compensation and Benefits.

                  (a) Salary. The Company agrees to pay Executive a salary
during the Employment Period, in semi-monthly installments. Executive's initial
salary shall be $260,000 per year. The Compensation Committee of the Board (or,
if there is no such Committee, the Board) shall review Executive's salary at
least annually and may, in its sole discretion, increase it.

                  (b) Bonus(es). For the calendar year 1999 and for subsequent
calendar years, Executive will be eligible for an annual bonus based on the
achievement of specified Company goals (the "Target Bonus") (as determined by
the Compensation Committee of the Board (or, if there is no such Committee, the
Board)). Annual bonus for 1999 shall be based on principles similar to the
foregoing, but with a minimum bonus opportunity of $100,000. Any bonus payable
pursuant to this subparagraph (b) may, at the discretion of the Compensation
Committee of the Board (or, if there is no such Committee, the Board), after
considering any preference expressed by Executive, be paid in the form of cash,
in a Performance Shares Award related to shares of the Company's Common Stock or
in a combination of both.

                  (c) Stock Options. The Company has adopted a plan (the "1998
Stock Option Plan") pursuant to which options to purchase shares of the
Company's Common Stock, and other equity-based incentive compensation awards,
may be granted to Executive and other officers of the Company. Executive shall
be eligible to receive grants of options and other awards under the 1998 Stock
Option Plan, at the discretion of the Compensation Committee of the Board (or,
if there is no such Committee, the Board). Under the terms of the 1998 Stock
Option Plan, the Compensation Committee of the Board (or, if there is no such
Committee, the Board) has the right to amend the 1998 Stock Option Plan. If, at
the time of the grant of any option pursuant to this paragraph (c), the issuance
of shares upon exercise thereof has not been registered under the Securities Act
of 1933, as amended, it shall be a condition to such grant that Executive
execute and deliver to the Company a certificate confirming that Executive is an
accredited investor (as such term is used in Regulation D under such Act) and
including transfer restrictions and other provisions customary in connection
with grants under such circumstances. Each option to be granted as set forth
above shall be substantially in the form of Exhibit 1 attached to this
Agreement, except that it is understood that reference to any then existing
registration statement or related plan information document in Exhibit 1, or its
equivalent, shall be included if and only if the same exists at the time of
grant and is relevant to such option.

                  (d) Expense Reimbursement. The Company shall reimburse
Executive for all reasonable expenses incurred by him during the Employment
Period in the course of performing his duties under this Agreement that are
consistent with the Company's policies in effect from time to time with respect
to travel, entertainment and other business expenses, subject to the Company's
requirements applicable generally with respect to reporting and documentation of
such expenses. Executive acknowledges that under the Company's current air
travel reimbursement policy, reimbursement is limited to coach fare (plus
Executive's cost of any upgrade certificates used to upgrade to first class) on
travel within the United States and is limited to business class fare on travel
to and from foreign cities.

                  (e) Standard Executive Benefits Package. In addition to the
salary, bonus(es), stock options and expense reimbursements payable to Executive
pursuant to this paragraph, Executive shall be entitled during the Employment
Period to participate, on the same basis as other

                                      -2-
<PAGE>   3
executives of the Company, in the Company's Standard Executive Benefits Package.
The Company's "Standard Executive Benefits Package" means those benefits
(including insurance, vacation, Company car or car allowance, equity-based
benefits, and other benefits) for which substantially all of the executives of
the Company are from time to time generally eligible, as determined from time to
time by the Board.

                  (f) Additional Benefits. In addition to participation in the
Company's Standard Executive Benefits Package pursuant to this paragraph,
Executive shall be entitled during the Employment Period to:

                  (i)      additional term life insurance coverage in an amount
                           equal to Executive's annual salary; but only if and
                           so long as such additional coverage is available at
                           standard rates from the insurer providing term life
                           insurance coverage under the Standard Executive
                           Benefits Package or from a comparable insurer
                           acceptable to the Company;

                  (ii)     supplementary long-term disability coverage in an
                           amount which will increase maximum covered annual
                           compensation to $270,000 and the maximum monthly
                           payments to $15,000; but only if and so long as such
                           supplementary coverage is available at standard rates
                           from the insurer providing long-term disability
                           coverage under the Standard Executive Benefits
                           Package or a comparable insurer acceptable to the
                           Company; and

                  (iii)    coverage under the Company's Supplemental Executive
                           Retirement Plan, subject to approval of the
                           Compensation Committee of the Board (or, if there is
                           no such Committee, the Board) .

                  (g) Indemnification. With respect to Executive's acts or
failures to act during the Employment Period in his capacity as a director,
officer, employee or agent of the Company, Executive shall be entitled to
indemnification from the Company, and to liability insurance coverage (if any),
on the same basis as other directors and officers of the Company.

                  4. Adjustments. Notwithstanding any other provision of this
Agreement, it is expressly understood and agreed that if there is a significant
reduction in the level of the business to which Executive's duties under this
Agreement relate, or if all or any significant part of such business is disposed
of by the Company and/or its subsidiaries or affiliates during the Employment
Period but Executive thereafter remains an employee of the Company, the
Compensation Committee of the Board (or, if there is no such Committee, the
Board) may make adjustments in Executive's duties, responsibility and authority,
and in Executive's compensation, as the Compensation Committee of the Board (or,
if there is no such Committee, the Board) deems appropriate to reflect such
reduction or disposition.

                  5. Employment Period.

                  (a) Except as hereinafter provided, the Employment Period
shall continue until, and shall end upon, the second anniversary of the date on
which the Employment Period begins.

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<PAGE>   4
                  (b) On each anniversary of the date on which the Employment
Period begins which precedes Executive's sixty-fifth birthday by more than one
year, unless the Employment Period shall have ended early pursuant to (c) below
or either party shall have given the other party written notice that the
extension provision in this sentence shall no longer apply, the Employment
Period shall be extended for an additional year (unless Executive's sixty-fifth
birthday occurs during such additional year, in which event the Employment
Period shall be extended only until such birthday). In no event shall the
Employment Period be extended beyond Executive's sixty-fifth birthday except by
mutual written agreement of the Company and Executive.

                  (c) Notwithstanding (a) and (b) above, the Employment Period
shall end early upon the first to occur of any of the following events:

                  (i)      Executive's death;

                  (ii)     Executive's retirement upon or after reaching age 65
                           ("Retirement");

                  (iii)    the Company's termination of Executive's employment
                           on account of Executive's having become unable (as
                           determined by the Board in good faith) to regularly
                           perform his duties hereunder by reason of illness or
                           incapacity for a period of more than six (6)
                           consecutive months ("Termination for Disability");

                  (iv)     the Company's termination of Executive's employment
                           for Cause ("Termination for Cause");

                  (v)      the Company's termination of Executive's employment
                           other than a Termination for Disability or a
                           Termination for Cause ("Termination without Cause");

                  (vi)     Executive's termination of Executive's employment for
                           Good Reason, by means of advance written notice to
                           the Company at least thirty (30) days prior to the
                           effective date of such termination identifying such
                           termination as a Termination by Executive for Good
                           Reason and identifying the Good Reason ("Termination
                           by Executive for Good Reason") (it being expressly
                           understood that Executive's giving notice that the
                           extension provision in the first sentence of
                           paragraph 5(b) hereof shall no longer apply shall not
                           constitute a Termination by Executive for Good
                           Reason);

                  (vii)    Executive's termination of Executive's employment for
                           any reason other than Good Reason, by means of
                           advance written notice to the Company at least one
                           hundred twenty (120) days prior to the effective date
                           of such termination identifying such termination as a
                           Termination by Executive with Advance Notice
                           ("Termination by Executive with Advance Notice") (it
                           being expressly understood that Executive's giving
                           notice that the extension provision in the first
                           sentence of paragraph 5(b) hereof shall no longer
                           apply shall not constitute a Termination by Executive
                           with Advance Notice); or

                                      -4-
<PAGE>   5
                  (viii)   the termination of Executive's employment (A) on
                           account of a Termination without Cause before the
                           second anniversary of a Change of Control, (B) on
                           account of a Termination by Executive for Good Reason
                           before the second anniversary of a Change of Control
                           or (C) in connection with but prior to a Change of
                           Control and following the commencement of any
                           discussion with any third party that (i) requests or
                           suggests that Executive's employment be terminated,
                           and (ii) ultimately engages in a Change of Control
                           (collectively, "Termination Following a Change of
                           Control").

                  (d)      For purposes of this Agreement, "Cause" shall mean:

                  (i)      the commission by Executive of a felony or a crime
                           involving moral turpitude;

                  (ii)     the commission by Executive of a fraud;

                  (iii)    the commission by Executive of any act involving
                           dishonesty or disloyalty with respect to the Company
                           or any of its subsidiaries or affiliates that harms
                           or damages any of them to any extent;

                  (iv)     conduct by Executive that brings the Company or any
                           of its subsidiaries or affiliates into substantial
                           public disgrace or disrepute;

                  (v)      gross negligence or willful misconduct by Executive
                           with respect to the Company or any of its
                           subsidiaries or affiliates;

                  (vi)     repudiation of this Agreement by Executive or
                           Executive's abandonment of his employment with the
                           Company (it being expressly understood that a
                           Termination by Executive for Good Reason or a
                           Termination by Executive with Advance Notice shall
                           not constitute such a repudiation or abandonment);

                  (vii)    breach by Executive of any of the agreements in
                           paragraph 8 hereof prior to the end of the Employment
                           Period; or

                  (viii)   any other breach by Executive of this Agreement which
                           is material and which is not cured within thirty (30)
                           days after written notice thereof to Executive from
                           the Company.

                  (e)      For purposes of this Agreement, "Good Reason" shall
                           mean:

                  (i)      a reduction by the Company in Executive's salary to
                           an amount less than "Executive's Reference Salary"
                           (i.e., Executive's initial salary or, in the event
                           the Employment Period has been extended pursuant to
                           paragraph 5(b) hereof, Executive's salary on the date
                           on which the most recent such extension occurred) or
                           any downward adjustment in Executive's Target Bonus;
                           or

                                      -5-
<PAGE>   6
                  (ii)     the Company's giving notice that the extension
                           provision in the first sentence of paragraph 5(b)
                           hereof shall no longer apply; or

                  (iii)    any breach by the Company of this Agreement which is
                           material and which is not cured within thirty (30)
                           days after written notice thereof to the Company from
                           Executive.

                  (f) For purposes of this Agreement, "Change of Control" shall
mean the occurrence of any of the following events during the Employment Period:

                  (i) The acquisition by any individual, entity or group (within
         the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange
         Act of 1934, as amended (the "Exchange Act")) (a "Person") of
         beneficial ownership (within the meaning of Rule 13d-3 promulgated
         under the Exchange Act) of 40% or more of either: (A) the
         then-outstanding shares of common stock of the Company (the "Company
         Common Stock") or (B) the combined voting power of the then-outstanding
         voting securities of the Company entitled to vote generally in the
         election of directors ("Voting Stock"); provided, however, that for
         purposes of this subparagraph (i), the following acquisitions shall not
         constitute a Change of Control: (A) any acquisition directly from the
         Company, (B) any acquisition by the Company, a subsidiary of the
         Company or the Harris Group, (C) any acquisition by any employee
         benefit plan (or related trust) sponsored or maintained by the Company
         or any subsidiary of the Company, or (D) any acquisition by any Person
         pursuant to a transaction which complies with clauses (A), (B) and (C)
         of subparagraph (iii) of this paragraph 5(f); or

                  (ii) Individuals who, as of the date hereof, constitute the
         Board (the "Incumbent Board") cease for any reason (other than death or
         disability) to constitute at least a majority of the Board; provided,
         however, that any individual becoming a director subsequent to the date
         hereof whose election, or nomination for election by the Company's
         shareholders, was approved by a vote of at least a majority of the
         directors then comprising the Incumbent Board (either by a specific
         vote or by approval of the proxy statement of the Company in which such
         person is named as a nominee for director, without objection to such
         nomination) shall be considered as though such individual were a member
         of the Incumbent Board, but excluding for this purpose, any such
         individual whose initial assumption of office occurs as a result of an
         actual or threatened election contest (within the meaning of Rule
         14a-11 of the Exchange Act) with respect to the election or removal of
         directors or other actual or threatened solicitation of proxies or
         consents by or on behalf of a Person other than the Board; or

                  (iii) Consummation of a reorganization, merger or
         consolidation or sale or other disposition of all or substantially all
         of the assets of the Company (a "Business Combination"), in each case,
         unless, following such Business Combination, (A) all or substantially
         all of the individuals and entities who were the beneficial owners,
         respectively, of the Company Common Stock and Voting Stock immediately
         prior to such Business Combination beneficially own, directly or
         indirectly, more than a majority of, respectively, the then-outstanding
         shares of common stock and the combined voting power of the
         then-outstanding voting securities entitled to vote generally in the
         election of directors, as the case may be, of the entity resulting from
         such Business Combination (including, without

                                      -6-
<PAGE>   7
         limitation, an entity which as a result of such transaction owns the
         Company or all or substantially all of the Company's assets either
         directly or through one or more subsidiaries) in substantially the same
         proportions relative to each other as their ownership, immediately
         prior to such Business Combination, of the Company Common Stock and
         Voting Stock of the Company, as the case may be, (B) no Person
         (EXCLUDING any entity resulting from such Business Combination, the
         Harris Group or any employee benefit plan (or related trust) sponsored
         or maintained by the Company, a subsidiary of the Company or such
         entity resulting from such Business Combination) beneficially owns,
         directly or indirectly, 40% or more of, respectively, the
         then-outstanding shares of common stock of the entity resulting from
         such Business Combination, or the combined voting power of the
         then-outstanding voting securities of such corporation except to the
         extent that such ownership existed prior to the Business Combination
         and (C) at least a majority of the members of the board of directors of
         the corporation resulting from such Business Combination were members
         of the Incumbent Board at the time of the execution of the initial
         agreement, or of the action of the Board, providing for such Business
         Combination; or

                  (iv) Approval by the shareholders of the Company of a complete
         liquidation or dissolution of the Company.

                  (v) For purposes of this paragraph 5(f), the "Harris Group"
         shall mean Messrs. Irving B. Harris, Neison Harris, King Harris,
         William W. Harris and June H. Barrows, and their respective spouses,
         descendants and spouses of descendants, trustees of trusts established
         for the benefit of such persons (acting in their capacity as trustees
         of such trusts), and executors of estates of such persons (acting in
         their capacity as executors of such estates), and each person of which
         any of the foregoing owns (i) more than fifty percent (50%) of the
         voting stock or other voting interests and (ii) stock or other
         interests representing more than fifty percent (50%) of the total value
         of the stock or other interests of such person.

                  6. Post-Employment Period Payments.

                  (a) If the Employment Period ends on the date on which
(without any extension thereof) it is then scheduled to end pursuant to
paragraph 5 hereof, or if the Employment Period ends early pursuant to paragraph
5 hereof for any reason, Executive shall cease to have any rights to salary,
bonus (if any), options, expense reimbursements or other benefits other than:
(i) any salary which has accrued but is unpaid, any reimbursable expenses which
have been incurred but are unpaid, and any unexpired vacation days which have
accrued under the Company's vacation policy but are unused, as of the end of the
Employment Period, (ii) any option rights or plan benefits which by their terms
extend beyond termination of Executive's employment (but only to the extent
provided in any option theretofore granted to Executive or any benefit plan in
which Executive has participated as an employee of the Company), (iii) any
benefits to which Executive is entitled under Part 6 of Subtitle B of Title I of
the Employee Retirement Income Security Act of 1974, as amended ("COBRA") and
(iv) any other amount(s) payable pursuant to the succeeding provisions of this
paragraph 6.

                  (b) If the Employment Period ends pursuant to paragraph 5
hereof on Executive's sixty-fifth birthday, or if the Employment Period ends
early pursuant to paragraph 5 hereof on

                                      -7-
<PAGE>   8
account of Executive's death, Retirement (provided such Retirement is not a
Termination Following a Change of Control) or Termination for Disability, the
Company shall make no further payments to Executive except as contemplated in
(a)(i), (ii) and (iii) above.

                  (c) If the Employment Period ends early pursuant to paragraph
5 hereof on account of Termination for Cause, the Company shall pay Executive an
amount equal to that amount Executive would have received as salary (based on
Executive's salary then in effect) had the Employment Period remained in effect
until the later of the effective date of the Company's termination of
Executive's employment or the date thirty days after the Company's notice to
Executive of such termination. The Company shall make no further payments to
Executive except as contemplated in (a)(i), (ii) and (iii) above.

                  (d) If the Employment Period ends early pursuant to paragraph
5 hereof on account of a Termination without Cause or a Termination by Executive
for Good Reason, and such termination does not constitute a Termination
Following a Change of Control, the Company shall pay to Executive amounts equal
to the amounts Executive would have received as salary (based on Executive's
salary then in effect or, if greater, Executive's Reference Salary) had the
Employment Period remained in effect for a period of twenty-four (24) months
after the last day of the month in which the Employment Period ends (in the
event Executive is entitled during the payment period to any payments under any
disability benefit plan or the like in which Executive has participated as an
employee of the Company, less such payments), payable at the times such amounts
would have been paid; provided, however, that if Executive so chooses, in his
sole discretion, such payment under this subparagraph (d) shall be made in a
lump sum. In addition, the Company shall reimburse Executive (net after taxes on
the receipt of such reimbursement) for any premiums paid by Executive for health
insurance provided to Executive (for Executive and his dependents) by the
Company subsequent to the end of the Employment Period pursuant to the
requirements of COBRA as in effect on the date of this Agreement. The Company
shall make no further payments to Executive except as contemplated in (a)(i),
(ii) and (iii) above. It is expressly understood that the Company's payment
obligations under this subparagraph (d) shall cease in the event Executive
breaches any of his agreements in paragraph 7 or 8 hereof.

                  (e) If the Employment Period ends early pursuant to paragraph
5 hereof on account of a Termination by Executive with Advance Notice, and such
termination does not constitute a Termination Following a Change of Control, the
Company shall make no further payments to Executive except as contemplated in
(a)(i), (ii) and (iii) above.

                  (f)(i)   If the Employment Period ends early pursuant to
                           paragraph 5 hereof on account of a Termination
                           Following a Change of Control, Executive shall be
                           entitled to receive an amount equal to two times the
                           sum of (A) Executive's annual base salary at the time
                           of such termination (or, if higher, Executive's
                           Reference Salary) and (B) Executive's Target Bonus
                           for the year in which such termination occurs (or, if
                           higher, Executive's Target Bonus for the preceding
                           year or the year in which the Change of Control
                           occurs), payable at the times such amounts would have
                           been paid; provided, however, that if Executive so
                           chooses, in his sole discretion, such payment under
                           this subparagraph (f)(i) shall be made in a lump sum.
                           In addition, the Company shall reimburse Executive
                           (net after taxes on the receipt of such

                                      -8-
<PAGE>   9
                           reimbursement) for any premiums paid by Executive for
                           health insurance provided to Executive (for Executive
                           and his dependents) by the Company subsequent to the
                           end of the Employment Period pursuant to the
                           requirements of COBRA as in effect on the date of
                           this Agreement.

                  (ii)     Notwithstanding any provision of this Agreement to
                           the contrary, if any amount or benefit to be paid or
                           provided under this Agreement or otherwise pursuant
                           to or by reason of any other agreement, policy, plan,
                           program or arrangement, including without limitation
                           any bonus, stock option, performance share,
                           performance unit, stock appreciation right or similar
                           right, or the lapse or termination of any restriction
                           on or the vesting or exercisability of any of the
                           foregoing would be an "Excess Parachute Payment,"
                           within the meaning of Section 280G of the Code, or
                           any successor provision thereto, but for the
                           application of this sentence, then the payments and
                           benefits to be paid or provided under this Agreement
                           shall be reduced to the minimum extent necessary (but
                           in no event to less than zero) so that no portion of
                           any such payment or benefit, as so reduced,
                           constitutes an Excess Parachute Payment; provided,
                           however, that the foregoing reduction shall be made
                           only if and to the extent that such reduction would
                           result in an increase in the aggregate payment and
                           benefits to be provided to Executive, determined on
                           an after-tax basis (taking into account the excise
                           tax imposed pursuant to Section 4999 of the Code, or
                           any successor provision thereto, any tax imposed by
                           any comparable provision of state law, and any
                           applicable federal, state and local income taxes).
                           The determination of whether any reduction in such
                           payments or benefits to be provided under this
                           Agreement is required pursuant to the preceding
                           sentence shall be made at the expense of the Company,
                           if requested by the Executive or the Company, by the
                           Company's independent accountants. The fact that the
                           Executive's right to payments or benefits may be
                           reduced by reason of the limitations contained in
                           this paragraph 6(f) shall not of itself limit or
                           otherwise affect any other rights of the Executive
                           other than pursuant to this Agreement. In the event
                           that any payment or benefit intended to be provided
                           under this Agreement is required to be reduced
                           pursuant to this paragraph 6(f), the Executive shall
                           be entitled to designate the payments and/or benefits
                           to be so reduced in order to give effect to this
                           paragraph 6(f). The Company shall provide the
                           Executive with all information reasonably requested
                           by the Executive to permit the Executive to make such
                           designation. In the event that the Executive fails to
                           make such designation within 10 business days of the
                           Date of Termination, the Company may effect such
                           reduction in any manner it deems appropriate.

                  (g) Without limiting the rights of the Executive at law or in
equity, if the Company fails to make any payment or provide any benefit required
to be made or provided hereunder on a timely basis, the Company will pay
interest on the amount or value thereof at an annualized rate of interest equal
to the so-called composite "prime rate" as quoted from time to time during the
relevant period in the Midwest Edition of The Wall Street Journal. Such interest
will be

                                      -9-
<PAGE>   10
payable as it accrues on demand. Any change in such prime rate will be effective
on and as of the date of such change.

                  (h) Executive shall not be required to mitigate the amount of
any payment or benefit provided for in this Agreement by seeking other
employment or otherwise.

                  7. Confidential Information. Executive acknowledges that the
information, observations and data obtained by him while employed by the Company
pursuant to this Agreement, as well as those obtained by him while employed by
the Company or any of its subsidiaries or affiliates or any predecessor thereof
prior to the date of this Agreement, concerning the business or affairs of the
Company or any of its subsidiaries or affiliates or any predecessor thereof
(unless and except to the extent the foregoing become generally known to and
available for use by the public other than as a result of Executive's acts or
omissions to act, "Confidential Information") are the property of the Company or
such subsidiary or affiliate. Therefore, Executive agrees that during the
Employment Period and for two years thereafter he shall not disclose any
Confidential Information without the prior written consent of the Chief
Executive Officer of the Company unless and except to the extent that such
disclosure is (i) made in the ordinary course of Executive's performance of his
duties under this Agreement or (ii) required by any subpoena or other legal
process (in which event Executive will give the Company prompt notice of such
subpoena or other legal process in order to permit the Company to seek
appropriate protective orders), and that he shall not use any Confidential
Information for his own account without the prior written consent of the Chief
Executive Officer of the Company. Executive shall deliver to the Company at the
termination of the Employment Period, or at any other time the Company may
reasonably request, all memoranda, notes, plans, records, reports, computer
tapes and software and other documents and data (and copies thereof) relating to
the Confidential Information, or to the work product or the business of the
Company or any of its subsidiaries or affiliates which he may then possess or
have under his control.

                  8. Non-Compete, Non-Solicitation.

                  (a) Executive acknowledges that in the course of his
employment with the Company pursuant to this Agreement he will become familiar,
and during the course of his employment by the Company or any of its
subsidiaries or affiliates or any predecessor thereof prior to the date of this
Agreement he has become familiar, with trade secrets and customer lists of and
other confidential information concerning the Company and its subsidiaries and
affiliates and predecessors thereof and that his services have been and will be
of special, unique and extraordinary value to the Company.

                  (b) Executive agrees that during the Employment Period and for
a period of two years after termination of his employment with the Company, he
shall not in any manner, directly or indirectly, through any person, firm or
corporation, alone or as a member of a partnership or as an officer, director,
shareholder, investor or employee of or in any other corporation or enterprise
or otherwise, engage in or be engaged in, or assist any other person, firm,
corporation or enterprise in engaging or being engaged in, any business then
actively being conducted by the Company or any of its subsidiaries or
affiliates.

                  (c) Executive further agrees that during the Employment Period
and for a period of two years after termination of his employment with the
Company, he shall not in any manner,

                                      -10-
<PAGE>   11
directly or indirectly, induce or attempt to induce any employee of the Company
or of any of its subsidiaries or affiliates to quit or abandon his employ.

                  (d) Nothing in this paragraph 8 shall prohibit Executive from
being: (i) a shareholder in a mutual fund or a diversified investment company or
(ii) a passive owner of not more than 5% of the outstanding equity securities of
any class of a corporation or other entity which is publicly traded, so long as
Executive has no active participation in the business of such corporation or
other entity.

                  (e) If, at the time of enforcement of this paragraph, a court
holds that the restrictions stated herein are unreasonable under circumstances
then existing, the parties hereto agree that the maximum period, scope or
geographical area reasonable under such circumstances shall be substituted for
the stated period, scope or area and that the court shall be allowed to revise
the restrictions contained herein to cover the maximum period, scope and area
permitted by law.

                  9. Enforcement. Because Executive's services are unique and
because Executive has access to Confidential Information and work product, the
parties hereto agree that the Company would be damaged irreparably in the event
any of the provisions of paragraph 8 hereof were not performed in accordance
with their specific terms or were otherwise breached and that money damages
would be an inadequate remedy for any such non-performance or breach. Therefore,
the Company or its successors or assigns shall be entitled, in addition to other
rights and remedies existing in their favor, to an injunction or injunctions to
prevent any breach or threatened breach of any of such provisions and to enforce
such provisions specifically (without posting a bond or other security).

                  10. Executive Representations. Executive represents and
warrants to the Company that (i) the execution, delivery and performance of this
Agreement by Executive does not and will not conflict with, breach, violate or
cause a default under any contract, agreement, instrument, order, judgment or
decree to which Executive is a party or by which he is bound, (ii) Executive is
not a party to or bound by any employment agreement, noncompete agreement or
confidentiality agreement with any other person or entity, and (iii) upon the
execution and delivery of this Agreement by the Company, this Agreement shall be
the valid and binding obligation of Executive, enforceable in accordance with
its terms.

                  11. Survival. Subject to any limits on applicability contained
therein, paragraphs 7 and 8 hereof shall survive and continue in full force in
accordance with their terms notwithstanding any termination of the Employment
Period.

                  12. Notices. Any notice provided for in this Agreement shall
be in writing and shall be either personally delivered, sent by reputable
overnight carrier or mailed by first class mail, return receipt requested, to
the recipient at the address below indicated:

                  Notices to Executive:

                  Mr. Joseph G. NeCastro
                  2235 Harcourt Drive
                  Cleveland Heights, Ohio   44106

                                      -11-
<PAGE>   12
                  Notices to the Company:

                  Mr. Thomas L. Kemp
                  Chief Executive Officer
                  Penton Media, Inc.
                  1100 Superior Avenue
                  Cleveland, OH 44114

or such other address or to the attention of such other person as the recipient
party shall have specified by prior written notice to the sending party. Any
notice under this Agreement will be deemed to have been given when so delivered,
sent or mailed.

                  13. Severability. Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other provision or any other jurisdiction, but this Agreement shall be
reformed, construed and enforced in such jurisdiction as if such invalid,
illegal or unenforceable provision had never been contained herein.

                  14. Payment of Certain Costs and Expenses.

                  (a) Prevailing Party's Litigation Expenses. In the event of
litigation between the Company and Executive related to this Agreement, the
non-prevailing party shall reimburse the prevailing party for any costs and
expenses (including without limitation attorneys' fees) reasonably incurred by
the prevailing party in connection therewith.

                  (b) Change of Control of the Company. Without limiting the
generality of (a) above, in the event that there is a Change of Control of the
Company, if it should appear to Executive that the Company has failed to comply
with any of its obligations under this Agreement or in the event that the
Company or any other person takes or threatens to take any action to declare
this Agreement void or unenforceable, or institutes any litigation or other
action or proceeding designed to deny, or to recover from, Executive the
benefits provided or intended to be provided to Executive hereunder, the Company
irrevocably authorizes Executive from time to time to retain counsel of
Executive's choice, at the expense of the Company as hereafter provided, to
advise and represent Executive in connection with any such interpretation,
enforcement or defense, including without limitation the initiation or defense
of any litigation or other legal action, whether by or against the Company or
any Director, officer, shareholder or other person affiliated with the Company,
in any jurisdiction. Notwithstanding any existing or prior attorney-client
relationship between the Company and such counsel, the Company irrevocably
consents to Executive's entering into an attorney-client relationship with such
counsel, and in that connection the Company and Executive agree that a
confidential relationship will exist between Executive and such counsel. Without
respect to whether Executive prevails, in whole or in part, in connection with
any of the foregoing, the Company will pay and be solely financially responsible
for any and all attorneys' and related fees and expenses incurred by Executive
in connection with any of the foregoing.

                                      -12-
<PAGE>   13
                  (c) Source of Payments. Except as otherwise specified herein,
in the event a Change of Control occurs, any payments to Executive pursuant to
this Agreement and the performance of the Company's obligations hereunder shall
be secured by amounts deposited or to be deposited in a trust established by the
Company for the benefit of Executive (and, at the Company's option, for the
benefit of other executives of the Company who are entitled to payments similar
to those provided in this Agreement) (the "Trust"). The Company shall transfer
to such Trust assets from which all or a portion of the payments provided under
this Agreement are to be paid, provided that such assets of the Trust shall at
all times be subject to the claims of general unsecured creditors of the Company
and that neither Executive nor any other person entitled to payments through the
Trust shall at any time have a prior claim to such assets. Any payments to
Executive under this Agreement that are not paid through the Trust shall be paid
from the Company's general assets, and Executive shall have the status of a
general unsecured creditor with respect to the Company's obligations to make
payments under this Agreement.

                  15. Complete Agreement. This Agreement embodies the complete
agreement and understanding between the parties with respect to the subject
matter hereof and effective as of its date supersedes and preempts any prior
understandings, agreements or representations by or between the parties, written
or oral, which may have related to the subject matter hereof in any way.

                  16. Counterparts. This Agreement may be executed in separate
counterparts, each of which shall be deemed to be an original and both of which
taken together shall constitute one and the same agreement.

                  17. Successors and Assigns. This Agreement shall bind and
inure to the benefit of and be enforceable by Executive, the Company and their
respective heirs, executors, personal representatives, successors and assigns,
except that neither party may assign any of his or its rights or delegate any of
his or its obligations hereunder without the prior written consent of the other
party. Executive hereby consents to the assignment by the Company of all of its
rights and obligations hereunder to any successor to the Company by merger or
consolidation or purchase of all or substantially all of the Company's assets,
provided such transferee or successor assumes the liabilities of the Company
hereunder.

                  18. Choice of Law. This Agreement shall be governed by the
internal law, and not the laws of conflicts, of the State of Ohio.

                  19. Amendment and Waiver. The provisions of this Agreement may
be amended or waived only with the prior written consent of the Company and
Executive, and no course of conduct or failure or delay in enforcing the
provisions of this Agreement shall affect the validity, binding effect or
enforceability of this Agreement.

                                      -13-
<PAGE>   14
         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date written below.

                                               PENTON MEDIA, INC.

Date:               , 1999                  By
                                                    Thomas L. Kemp
                                                    Chief Executive Officer

Date:               , 1999
                                                     Joseph G. NeCastro

                                      -14-
<PAGE>   15
                                                                       Exhibit 1

                               PENTON MEDIA, INC.
                       NONQUALIFIED STOCK OPTION AGREEMENT

         This AGREEMENT (this "Agreement") is made as of _____________ (the
"Date of Grant"), by and between Penton Media, Inc. a Delaware corporation (the
"Company"), and ____________ (the "Optionee").

1.                GRANT OF STOCK OPTION.  Subject to and upon the terms,
         conditions, and restrictions set forth in this Agreement and in the
         Company's 1998 Equity and Performance Incentive Plan (the "Plan"), the
         Company hereby grants to the Optionee as of the Date of Grant a stock
         option (the "Option") to purchase __________ shares of Common Stock
         (the "Optioned Shares"). The Option may be exercised from time to time
         in accordance with the terms of this Agreement. The price at which the
         Optioned Shares may be purchased pursuant to the Option shall be
         ___________ per share subject to adjustment as hereinafter provided
         (the "Option Price"). The Option is intended to be a nonqualified stock
         option and shall not be treated as an "incentive stock option" within
         the meaning of that term under Section 422 of the Code, or any
         successor provision thereto.

2.                TERM OF OPTION. The term of the Option shall commence on the
         Date of Grant and, unless earlier terminated in accordance with Section
         6 hereof, shall expire ten (10) years from the Date of Grant.

3.                RIGHT TO EXERCISE. Subject to Section 6 hereof, the Option
         will be exercisable in whole at any time and in part from time to time
         after the third anniversary of the Date of Grant but prior to the tenth
         anniversary of the Date of Grant; provided, however that:

                           a. in the event that the employment with the Company
                  and its Subsidiaries terminates prior to the third anniversary
                  of the Date of Grant on account of (i) the Optionee's
                  retirement at or after age 65, (ii) the death of the Optionee
                  if such death occurs while the Optionee is employed by the
                  Company or any Subsidiary or (iii) the Optionee's permanent
                  and total disability if the Optionee becomes permanently and
                  totally disabled while an employee of the Company or any
                  Subsidiary, the Option will thereupon become exercisable
                  immediately with respect to all of the Optioned Shares; and

                           b. in the event that employment with the Company and
                  its Subsidiaries terminates prior to the third anniversary of
                  the Date of Grant other than on account of retirement at or
                  after age 65, death or permanent and total disability, the
                  Option will thereupon become exercisable immediately (i) as to
                  33 1/3% of the Optioned Shares if such termination occurs on
                  or after the first anniversary of the Date of Grant but prior
                  to the second anniversary of the Date of Grant, and (ii) as to
                  66 2/3% of the Optioned Shares if such termination occurs on
                  or after the second anniversary of the Date of Grant but prior
                  to the third anniversary of the Date of Grant.
<PAGE>   16
                  Notwithstanding the foregoing, in no event shall the Optionee
         be entitled to acquire a fraction of one Optioned Share pursuant to the
         Option. The Optionee shall be entitled to the privileges of ownership
         with respect to Optioned Shares purchased and delivered to the Optionee
         upon the exercise of all or part of the Option.

4.                OPTION NONTRANSFERABLE. The Option granted hereby shall be
         neither transferable nor assignable by the Optionee other than by will
         or by the laws of descent and distribution and may be exercised, during
         the lifetime of the Optionee, only by the Optionee, or in the event of
         his or her legal incapacity, by his or her guardian or legal
         representative acting on behalf of the Optionee in a fiduciary capacity
         under state law and court supervision.

5.                NOTICE OF EXERCISE; PAYMENT.  To the extent then exercisable,
         the Option may be exercised by written notice to the Company stating
         the number of Optioned Shares for which the Option is being exercised
         and the intended manner of payment. Payment equal to the aggregate
         Option Price of the Optioned Shares for which the Option is being
         exercised shall be tendered in full with the notice of exercise to the
         Company in cash in the form of currency or check or other cash
         equivalent acceptable to the Company. The Optionee may also tender the
         Option Price by (a) the actual or constructive transfer to the Company
         of nonforfeitable, nonrestricted shares of Common Stock that have been
         owned by the Optionee for (i) more than one year prior to the date of
         exercise and for more than two years from the date on which the option
         was granted, if they were originally acquired by the Optionee pursuant
         to the exercise of an incentive stock option, within the meaning of
         Section 422 of the Code or (ii) more than six months prior to the date
         of exercise, if they were originally acquired by the Optionee other
         than pursuant to the exercise of an incentive stock option, or (b) by
         any combination of the foregoing methods of payment, including a
         partial tender in cash and a partial tender in nonforfeitable,
         nonrestricted shares of Common Stock. Nonforfeitable, nonrestricted
         shares of Common Stock that are transferred by the Optionee in payment
         of all or any part of the Option Price shall be valued on the basis of
         their Market Value per Share. The requirement of payment in cash shall
         be deemed satisfied if the Optionee makes arrangements that are
         satisfactory to the Company with a broker that is a member of the
         National Association of Securities Dealers, Inc. to sell on the
         exercise date a sufficient number of Optioned Shares that are being
         purchased pursuant to the exercise, so that the net proceeds of the
         sale transaction will at least equal the amount of the aggregate Option
         Price plus payment of any applicable withholding taxes, and pursuant to
         which the broker undertakes to deliver to the Company the amount of the
         aggregate Option Price plus payment of any applicable withholding taxes
         on a date satisfactory to the Company, but not later than the date on
         which the sale transaction will settle in the ordinary course of
         business. As a further condition precedent to the exercise of the
         Option, the Optionee shall comply with all regulations and requirements
         of any regulatory authority having control of, or supervision over, the
         issuance of shares of Common Stock and in connection therewith shall
         execute any documents that the Board shall in its sole discretion deem
         necessary or advisable. The date of the Optionee's written notice shall
         be the exercise date.

6.                TERMINATION OF AGREEMENT. This Agreement and the Option
         granted hereby shall terminate automatically and without further notice
         on the earliest of the following dates:

                                      -2-
<PAGE>   17
                           (a) One (1) year after the Optionee's retirement at
                  or after age 65;

                           (b) One (1) year after the Optionee's death if such
                  death occurs while the Optionee is employed by the Company or
                  any Subsidiary;

                           (c) One (1) year after the Optionee's permanent and
                  total disability, if the Optionee becomes permanently and
                  totally disabled while an employee of the Company or any
                  Subsidiary;

                           (d) Except as provided on a case-by-case basis,
                  thirty (30) calendar days after the Optionee ceases to be an
                  employee of the Company and the Subsidiaries for any reason
                  other than as described in Section 6(a), 6(b) or 6(c) hereof;
                  or

                           (e) Ten (10) years from the Date of Grant.

         In the event that the Optionee's employment is terminated for cause,
         this Agreement shall terminate at the time of such termination
         notwithstanding any other provision of this Agreement and the
         Optionee's option will cease to be exercisable to the extent
         exercisable as of such termination and will not become exercisable
         after such termination. For purposes of this provision, "cause" shall
         mean the Optionee shall have committed prior to termination of
         employment any of the following acts:

                           (i)      an intentional act of fraud, embezzlement,
                                    theft, or any other material violation of
                                    law in connection with the Optionee's duties
                                    or in the course of the Optionee's
                                    employment;

                           (ii)     intentional wrongful damage to material
                                    assets of the Company or any Subsidiary;

                           (iii)    intentional wrongful disclosure of material
                                    confidential information of the Company or
                                    any Subsidiary;

                           (iv)     intentional wrongful engagement in any
                                    competitive activity that would constitute a
                                    material breach of the duty of loyalty to
                                    the Company or any Subsidiary; or

                           (v)      intentional breach of any stated material
                                    employment policy of the Company or any
                                    Subsidiary.

         This Agreement shall not be exercisable for any number of Optioned
         Shares in excess of the number of Optioned Shares for which this
         Agreement is then exercisable, pursuant to Sections 3 and 7 hereof, on
         the date of termination of employment. For the purposes of this
         Agreement, the continuous employment of the Optionee with the Company
         shall not be deemed to have been interrupted, and the Optionee shall
         not be deemed to have ceased

                                      -3-
<PAGE>   18
         to be an employee of the Company, by reason of the transfer of his or
         her employment among the Company and the Subsidiaries or a leave of
         absence approved by the Board.

7.                ACCELERATION OF OPTION. The Option granted hereby shall become
         immediately exercisable in full in the event of (i) a Change of
         Control, (ii) the Optionee's retirement at or after age 65, (iii) the
         death of the Optionee if such death occurs while the Optionee is
         employed by the Company or any Subsidiary or (iv) the Optionee's
         permanent and total disability if the Optionee becomes permanently and
         totally disabled while an employee of the Company or any Subsidiary.

8.                NO EMPLOYMENT CONTRACT. Nothing contained in this Agreement
         shall confer upon the Optionee any right with respect to continuance of
         employment by the Company or any Subsidiary, nor limit or affect in any
         manner the right of the Company or any Subsidiary to terminate the
         employment or adjust the compensation of the Optionee.

9.                TAXES AND WITHHOLDING.  To the extent that the Company shall
         be required to withhold any federal, state, local or foreign taxes in
         connection with the exercise of the Option, and the amounts available
         to the Company for such withholding are insufficient, it shall be a
         condition to the exercise of the Option that the Optionee shall pay
         such taxes or make provisions that are satisfactory to the Company for
         the payment thereof. The Optionee may elect to satisfy all or any part
         of any such withholding obligation by (a) surrendering to the Company a
         portion of the Optioned Shares that are issued or transferred to the
         Optionee upon the exercise of the Option, and the Optioned Shares so
         surrendered by the Optionee shall be credited against any such
         withholding obligation at the Market Value per Share of such shares on
         the date of such surrender or (b) utilizing the broker assistance
         arrangement provided in Section 5.

10.               COMPLIANCE WITH LAW. The Company shall make reasonable efforts
         to comply with all applicable federal and state securities laws;
         provided, however, notwithstanding any other provision of this
         Agreement, the Option shall not be exercisable if the exercise thereof
         would result in a violation of any such law.

11.               ADJUSTMENTS.  The Board may make or provide for such
         adjustments in the number of Optioned Shares covered by the Option, in
         the Option Price applicable to the Option, and in the kind of shares
         covered thereby, as the Board, in its sole discretion, exercised in
         good faith, may determine is equitably required to prevent dilution or
         enlargement of the Optionee's rights that otherwise would result from
         (a) any stock dividend, stock split, combination of shares,
         recapitalization, or other change in the capital structure of the
         Company, (b) any merger, consolidation, spin-off, split-off, spin-out,
         split-up, reorganization, partial or complete liquidation, or other
         distribution of assets or issuance of rights or warrants to purchase
         securities, or (c) any other corporate transaction or event having an
         effect similar to any of the foregoing. In the event of any such
         transaction or event, the Board, in its discretion, may provide in
         substitution for the Option such alternative consideration as it may
         determine to be equitable in the circumstances and may require in
         connection therewith the surrender of the Option.

                                      -4-
<PAGE>   19
12.               AVAILABILITY OF COMMON STOCK. The Company shall at all times
         until the expiration of the Option reserve and keep available, either
         in its treasury or out of its authorized but unissued shares of Common
         Stock, the full number of Optioned Shares deliverable upon the exercise
         of the Option.

13.               AMENDMENTS. Any amendment to the Plan shall be deemed to be an
         amendment to this Agreement to the extent that the amendment is
         applicable hereto; provided, however, that no amendment shall adversely
         affect the rights of the Optionee under this Agreement without the
         Optionee's consent.

14.               SEVERABILITY. In the event that one or more of the provisions
         of this Agreement shall be invalidated for any reason by a court of
         competent jurisdiction, any provision so invalidated shall be deemed to
         be separable from the other provisions hereof, and the remaining
         provisions hereof shall continue to be valid and fully enforceable.

15.               RELATION TO PLAN. This Agreement is subject to the terms and
         conditions of the Plan. In the event of any inconsistency between the
         provisions of this Agreement and the Plan, the Plan shall govern.
         Capitalized terms used herein without definition shall have the
         meanings assigned to them in the Plan. The Board acting pursuant to the
         Plan, as constituted from time to time, shall, except as expressly
         provided otherwise herein, have the right to determine any questions
         which arise in connection with the Option or its exercise.

16.               SUCCESSORS AND ASSIGNS. Without limiting Section 4 hereof, the
         provisions of this Agreement shall inure to the benefit of, and be
         binding upon, the successors, administrators, heirs, legal
         representatives and assigns of the Optionee, and the successors and
         assigns of the Company.

17.               GOVERNING LAW. The interpretation, performance, and
         enforcement of this Agreement shall be governed by the laws of the
         State of Ohio, without giving effect to the principles of conflict of
         laws thereof.

18.               NOTICES.  Any notice to the Company provided for herein shall
         be in writing to the Company and any notice to the Optionee shall be
         addressed to the Optionee at his or her address on file with the
         Company. Except as otherwise provided herein, any written notice shall
         be deemed to be duly given if and when delivered personally or
         deposited in the United States mail, first class certified or
         registered mail, postage and fees prepaid, return receipt requested,
         and addressed as aforesaid. Any party may change the address to which
         notices are to be given hereunder by written notice to the other party
         as herein specified (provided that for this purpose any mailed notice
         shall be deemed given on the third business day following deposit of
         the same in the United States mail).

         IN WITNESS WHEREOF, the Company has caused this Agreement to be
         executed on its behalf by its duly authorized officer and Optionee has
         also executed this Agreement in duplicate, as of the day and year first
         above written.

                                      -5-
<PAGE>   20
                             PENTON MEDIA, INC.

                             By:

The undersigned Optionee hereby acknowledges receipt of an executed original of
this Stock Option Agreement.

                                            Optionee

                                      -6-

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